Document:

Exhibit 4.1 

EXECUTION VERSION

 

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.,

as Depositor

MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK,
NATIONAL ASSOCIATION,

as Master Servicer

MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK,
NATIONAL ASSOCIATION,

as Special Servicer

COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION,

as Certificate Administrator

WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Trustee

and

Park
Bridge Lender Services LLC,

as Operating Advisor and as Asset Representations Reviewer

POOLING AND SERVICING AGREEMENT

Dated as of

August 1, 2022

Benchmark 2022-B36 Mortgage Trust,

Commercial Mortgage Pass-Through Certificates, Series 2022-B36

 

 

    	 	 	 

    

    

TABLE OF CONTENTS

Page

	Article I

                                                                                DEFINITIONS

	Section 1.01	Defined Terms	6
	Section 1.02   	Certain Calculations	122
	Article II

                                                                                CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES; CREATION OF RR INTEREST

	Section 2.01   	Conveyance of Mortgage Loans	124
	Section 2.02   	Acceptance by Trustee	130
	Section 2.03   	Representations, Warranties and Covenants of the Depositor; Mortgage Loan Sellers’ Repurchase or Substitution of Mortgage Loans
for Defects in Mortgage Files and Breaches of Representations and Warranties	135
	Section 2.04   	Execution of Certificates; Issuance of Lower-Tier Regular Interests	152
	Section 2.05   	[Reserved]	152
	Article III

                                                                                ADMINISTRATION AND SERVICING OF THE TRUST FUND

	Section 3.01   	The Master Servicer to Act as Master Servicer; Special Servicer to Act as Special Servicer; Administration of the Mortgage Loans, the
Serviced Companion Loans and REO Properties	152
	Section 3.02   	Collection of Mortgage Loan Payments	160
	Section 3.03  	Collection of Taxes, Assessments and Similar Items; Servicing Accounts	165
	Section 3.04   	The Collection Account, the Lower-Tier REMIC Distribution Account, the Upper-Tier REMIC Distribution Account, the Companion Distribution
Account, the Interest Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Reserve Account
and the VRR Interest Distribution Account	169
	Section 3.05   	Permitted Withdrawals from the Collection Account, the Distribution Accounts and the Companion Distribution Account	175

    	 	i	 

    

    

	Section 3.06   	Investment of Funds in the Collection Account, the Servicing Accounts and the REO Account	187
	Section 3.07   	Maintenance of Insurance Policies; Errors and Omissions and Fidelity Coverage	189
	Section 3.08   	Enforcement of Due-on-Sale Clauses; Assumption Agreements	194
	Section 3.09   	Realization Upon Defaulted Loans and Companion Loans	200
	Section 3.10   	Trustee and Custodian to Cooperate; Release of Mortgage Files	205
	Section 3.11   	Servicing Compensation	206
	Section 3.12   	Inspections; Collection of Financial Statements	214
	Section 3.13   	Access to Certain Information	219
	Section 3.14   	Title to REO Property; REO Account	233
	Section 3.15   	Management of REO Property	235
	Section 3.16   	Sale of Defaulted Loans and REO Properties	237
	Section 3.17   	Additional Obligations of Master Servicer and Special Servicer	244
	Section 3.18   	Modifications, Waivers, Amendments and Consents	246
	Section 3.19   	Transfer of Servicing Between Master Servicer and Special Servicer; Recordkeeping; Asset Status Report	259
	Section 3.20   	Sub-Servicing Agreements	266
	Section 3.21   	Interest Reserve Account	269
	Section 3.22   	Directing Certificateholder and Operating Advisor Contact with Master Servicer and Special Servicer	270
	Section 3.23   	Controlling Class Certificateholders, Directing Certificateholder and Risk Retention Consultation Parties; Certain Rights and Powers
of Directing Certificateholder and the Risk Retention Consultation Parties	270
	Section 3.24   	Intercreditor Agreements	274
	Section 3.25   	Rating Agency Confirmation	276
	Section 3.26   	The Operating Advisor	278
	Section 3.27   	Companion Paying Agent	284
	Section 3.28   	Companion Register	285
	Section 3.29   	Certain Matters Relating to the Non-Serviced Mortgage Loans	285
	Section 3.30   	[Reserved]	287
	Section 3.31   	[Reserved]	287
	Section 3.32   	Delivery of Excluded Information to the Certificate Administrator	287
	Section 3.33   	Certain Matters with Respect to Joint Mortgage Loans	288
	Article IV

                                                                                Distributions TO CERTIFICATEHOLDERS AND THE RR INTEREST OWNERS

	Section 4.01   	Distributions	293
	Section 4.02   	Distribution Date Statements; CREFC® Investor Reporting Packages; Grant of Power of Attorney	305
	Section 4.03   	P&I Advances	311
	Section 4.04   	Allocation of Realized Losses	314
	Section 4.05   	Appraisal Reduction Amounts; Collateral Deficiency Amounts	315

    	 	ii	 

    

    

	Section 4.06   	[Reserved]	319
	Section 4.07   	Investor Q&A Forum; Investor Registry; and Rating Agency Q&A Forum and Document Request Tool	319
	Section 4.08   	Secure Data Room	323
	Article V

                                                                                THE CERTIFICATES

	Section 5.01   	The Certificates	324
	Section 5.02   	Form and Registration	325
	Section 5.03   	Registration of Transfer and Exchange of Certificates	328
	Section 5.04   	Mutilated, Destroyed, Lost or Stolen Certificates	338
	Section 5.05   	Persons Deemed Owners	338
	Section 5.06   	Access to List of Certificateholders’ Names and Addresses; Special Notices	338
	Section 5.07   	Maintenance of Office or Agency	339
	Section 5.08   	Appointment of Certificate Administrator	339
	Section 5.09   	[Reserved]	340
	Section 5.10   	Voting Procedures for Certificates	340
	Article VI

                                                                                THE DEPOSITOR, THE MASTER SERVICER, THE SPECIAL SERVICER, the

                                                                                Operating Advisor, THE ASSET REPRESENTATIONS REVIEWER, THE

                                                                                DIRECTING CERTIFICATEHOLDER AND THE RISK RETENTION CONSULTATION

                                                                                PARTIES

	Section 6.01   	Representations, Warranties and Covenants of the Master Servicer, Special Servicer, the Operating Advisor and the Asset Representations
Reviewer	341
	Section 6.02   	Liability of the Depositor, the Master Servicer, the Operating Advisor, the Special Servicer and the Asset Representations Reviewer	347
	Section 6.03   	Merger, Consolidation or Conversion of the Depositor, the Master Servicer, the Operating Advisor, the Special Servicer or the Asset Representations
Reviewer	347
	Section 6.04   	Limitation on Liability of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer and Others	349
	Section 6.05   	Depositor, Master Servicer and Special Servicer Not to Resign	355
	Section 6.06   	Rights of the Depositor in Respect of the Master Servicer and the Special Servicer	355
	Section 6.07   	The Master Servicer and the Special Servicer as Certificate Owner	356
	Section 6.08   	The Directing Certificateholder and the Risk Retention Consultation Parties	356

    	 	iii	 

    

    

	Article VII

                                                                                SERVICER TERMINATION EVENTS

	Section 7.01   	Servicer Termination Events; Master Servicer and Special Servicer Termination	366
	Section 7.02   	Trustee to Act; Appointment of Successor	374
	Section 7.03   	Notification to Certificateholders and the RR Interest Owners	376
	Section 7.04   	Waiver of Servicer Termination Events	377
	Section 7.05   	Trustee as Maker of Advances	377
	Article VIII

                                                                                CONCERNING THE TRUSTEE AND THE CERTIFICATE ADMINISTRATOR

	Section 8.01   	Duties of the Trustee and the Certificate Administrator	378
	Section 8.02   	Certain Matters Affecting the Trustee and the Certificate Administrator	379
	Section 8.03   	Trustee and Certificate Administrator Not Liable for Validity or Sufficiency of Certificates, RR Interest or Mortgage Loans	381
	Section 8.04   	Trustee or Certificate Administrator May Own Certificates	382
	Section 8.05   	Fees and Expenses of Trustee and Certificate Administrator; Indemnification of Trustee and Certificate Administrator	382
	Section 8.06   	Eligibility Requirements for Trustee and Certificate Administrator	384
	Section 8.07   	Resignation and Removal of the Trustee and Certificate Administrator	385
	Section 8.08   	Successor Trustee or Certificate Administrator	387
	Section 8.09   	Merger or Consolidation of Trustee or Certificate Administrator	388
	Section 8.10   	Appointment of Co-Trustee or Separate Trustee	388
	Section 8.11   	Appointment of Custodians	389
	Section 8.12   	Representations and Warranties of the Trustee	389
	Section 8.13   	Provision of Information to Certificate Administrator, Master Servicer and Special Servicer	390
	Section 8.14   	Representations and Warranties of the Certificate Administrator	391
	Section 8.15   	Compliance with the PATRIOT Act	392
	Article IX

                                                                                TERMINATION

	Section 9.01   	Termination upon Repurchase or Liquidation of All Mortgage Loans	392
	Section 9.02   	Additional Termination Requirements	396

    	 	iv	 

    

    

	Article X

                                                                                ADDITIONAL REMIC PROVISIONS

	Section 10.01   	REMIC Administration	397
	Section 10.02   	Use of Agents	401
	Section 10.03   	Depositor, Master Servicer and Special Servicer to Cooperate with Certificate Administrator	401
	Section 10.04   	Appointment of REMIC Administrators	401
	Article XI

                                                                                EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE

	Section 11.01   	Intent of the Parties; Reasonableness	402
	Section 11.02   	Succession; Subcontractors	403
	Section 11.03   	Filing Obligations	405
	Section 11.04   	Form 10-D and Form ABS-EE Filings	406
	Section 11.05   	Form 10-K Filings	410
	Section 11.06   	Sarbanes-Oxley Certification	412
	Section 11.07   	Form 8-K Filings	414
	Section 11.08   	Form 15 Filing	416
	Section 11.09   	Annual Compliance Statements	416
	Section 11.10   	Annual Reports on Assessment of Compliance with Servicing Criteria	418
	Section 11.11   	Annual Independent Public Accountants’ Attestation Report	420
	Section 11.12   	Indemnification	421
	Section 11.13   	Amendments	423
	Section 11.14   	Regulation AB Notices	423
	Section 11.15   	Certain Matters Relating to the Future Securitization of the Serviced Pari Passu Companion Loans	424
	Section 11.16   	Certain Matters Regarding Significant Obligors	428
	Section 11.17   	Impact of Cure Period	428
	Article XII

                                                                                THE ASSET REPRESENTATIONS REVIEWER

	Section 12.01   	Asset Review	429
	Section 12.02   	Payment of Asset Representations Reviewer Asset Review Fees and Expenses; Limitation of Liability	435
	Section 12.03   	Resignation of the Asset Representations Reviewer	437
	Section 12.04   	Restrictions of the Asset Representations Reviewer	437
	Section 12.05   	Termination of the Asset Representations Reviewer	437

    	 	v	 

    

    

	Article XIII

                                                                                MISCELLANEOUS PROVISIONS

	Section 13.01   	Amendment	440
	Section 13.02   	Recordation of Agreement; Counterparts	445
	Section 13.03   	Limitation on Rights of Certificateholders and the RR Interest Owners	446
	Section 13.04   	Governing Law; Submission to Jurisdiction; Waiver of Jury Trial	447
	Section 13.05   	Notices	447
	Section 13.06   	Severability of Provisions	453
	Section 13.07   	Grant of a Security Interest	454
	Section 13.08   	Successors and Assigns; Third Party Beneficiaries	454
	Section 13.09   	Article and Section Headings	455
	Section 13.10   	Notices to the Rating Agencies	455
	Section 13.11   	PNC Bank, National Association	456

    	 	vi	 

    

    

EXHIBITS

	Exhibit A-1	Form of Class A-1 Certificate
	Exhibit A-2	Form of Class A-2 Certificate
	Exhibit A-3	Form of Class A-4 Certificate
	Exhibit A-4	Form of Class A-5 Certificate
	Exhibit A-5	Form of Class A-SB Certificate
	Exhibit A-6	Form of Class X-A Certificate
	Exhibit A-7	Form of Class X-B Certificate
	Exhibit A-8	Form of Class X-D Certificate
	Exhibit A-9	Form of Class X-F Certificate
	Exhibit A-10	Form of Class X-G Certificate
	Exhibit A-11	Form of Class X-H Certificate
	Exhibit A-12	Form of Class X-J Certificate
	Exhibit A-13	Form of Class X-K Certificate
	Exhibit A-14	Form of Class A-S Certificate
	Exhibit A-15	Form of Class B Certificate
	Exhibit A-16	Form of Class C Certificate
	Exhibit A-17	Form of Class D Certificate
	Exhibit A-18	Form of Class E Certificate
	Exhibit A-19	Form of Class F Certificate
	Exhibit A-20	Form of Class G Certificate
	Exhibit A-21	Form of Class H Certificate
	Exhibit A-22	Form of Class J Certificate
	Exhibit A-23	Form of Class K Certificate
	Exhibit A-24	Form of Class R Certificate
	Exhibit A-25	Form of Class RR Certificate
	Exhibit B	Mortgage Loan Schedule
	Exhibit C	Form of Investment Representation Letter
	Exhibit D-1	Form of Transferee Affidavit
	Exhibit D-2	Form of Transferor Letter
	Exhibit D-3	Form of Transferee Certificate for Transfers of the Class RR Certificates
	Exhibit D-4	Form of Transferor Certificate for Transfers of the Class RR Certificates
	Exhibit D-5	Form of Transferee Certificate for Transfers of the RR Interest
	Exhibit D-6	Form of Transferor Certificate for Transfers of the RR Interest
	Exhibit E	Form of Request for Release
	Exhibit F-1	Form of ERISA Representation Letter regarding ERISA Restricted Certificates (other than Class R Certificates)
	Exhibit F-2	Form of ERISA Representation Letter regarding [Class R Certificates][RR Interest]
	Exhibit G	Form of Distribution Date Statement
	Exhibit H	Form of Omnibus Assignment
	Exhibit I	Form of Transfer Certificate for Rule 144A Book-Entry Certificate to Temporary Regulation S Book-Entry Certificate during Restricted Period
	Exhibit J	Form of Transfer Certificate for Rule 144A Book-Entry Certificate to Regulation S Book-Entry Certificate after Restricted Period

    	 	vii	 

    

    

	Exhibit K	Form of Transfer Certificate for Temporary Regulation S Book-Entry Certificate to Rule 144A Book-Entry Certificate during Restricted Period
	Exhibit L	Form of Transfer Certificate for Temporary Regulation S Book-Entry Certificate to Regulation S Book-Entry Certificate after Restricted Period
	Exhibit M	Form of Transfer Certificate for Non-Book Entry Certificate to Temporary Regulation S Book-Entry Certificate
	Exhibit N	Form of Transfer Certificate for Non-Book Entry Certificate to Regulation S Book-Entry Certificate
	Exhibit O	Form of Transfer Certificate for Non-Book Entry Certificate to Rule 144A Book-Entry Certificate
	Exhibit P-1A	Form of Investor Certification for Non-Borrower Party and/or Risk Retention Consultation Party (for Persons other than the Directing Certificateholder and/or a Controlling Class Certificateholder)
	Exhibit P-1B	Form of Investor Certification for Non-Borrower Party (for the Directing Certificateholder and/or a Controlling Class Certificateholder)
	Exhibit P-1C	Form of Investor Certification for Borrower Party (for Persons other than the Directing Certificateholder, Controlling Class Certificateholder) and/or a Risk Retention Consultation Party
	Exhibit P-1D	Form of Investor Certification for Borrower Party (for the Directing Certificateholder and/or a Controlling Class Certificateholder)
	Exhibit P-1E	Form of Notice of Excluded Controlling Class Holder
	Exhibit P-1F	Form of Notice of Excluded Controlling Class Holder to Certificate Administrator
	Exhibit P-1G	Form of Certification of the Directing Certificateholder
	Exhibit P-1H	Form of Certification of a Risk Retention Consultation Party
	Exhibit P-2	Form of Certification for NRSROs
	Exhibit P-3	Online Market Data Provider Certification
	Exhibit Q	Custodian Certification/Exception Report
	Exhibit R	Form of Power of Attorney – Master Servicer and Special Servicer
	Exhibit S	Initial Companion Holders
	Exhibit T	Form of Notice Relating to the Non-Serviced Mortgage Loans
	Exhibit U	Form of Notice and Certification Regarding Defeasance of Mortgage Loan
	Exhibit V	Form of Operating Advisor Annual Report
	Exhibit W	Form of Notice from Operating Advisor Recommending Replacement of Special Servicer
	Exhibit X	Form of Confidentiality Agreement
	Exhibit Y	Form Certification to be Provided with Form 10-K
	Exhibit Z-1	Form of Certification to be Provided to Depositor by Certificate Administrator
	Exhibit Z-2	Form of Certification to be Provided to Depositor by Master Servicer
	Exhibit Z-3	Form of Certification to be Provided to Depositor by Special Servicer
	Exhibit Z-4	Form of Certification to be Provided to Depositor by Trustee
	Exhibit Z-5	Form of Certification to be Provided to Depositor by Operating Advisor
	Exhibit Z-6	Form of Certification to be Provided to Depositor by Custodian
	Exhibit Z-7	Form of Certification to be Provided to Depositor by Asset Representations Reviewer

    	 	viii	 

    

    

	Exhibit AA	Servicing Criteria to be Addressed in Assessment of Compliance
	Exhibit BB	Additional Form 10-D Disclosure
	Exhibit CC	Additional Form 10-K Disclosure
	Exhibit DD	Form 8-K Disclosure Information
	Exhibit EE	Additional Disclosure Notification
	Exhibit FF	Initial Sub-Servicers
	Exhibit GG	Servicing Function Participants
	Exhibit HH	Form of Annual Compliance Statement
	Exhibit II	Form of Report on Assessment of Compliance with Servicing Criteria
	Exhibit JJ	CREFC® Payment Information
	Exhibit KK	Form of Notice of Additional Secured Indebtedness Notification
	Exhibit LL	[Reserved]
	Exhibit MM	Additional Disclosure Notification (Accounts)
	Exhibit NN	Form of Notice of Purchase of Controlling Class Certificate
	Exhibit OO	Form of Asset Review Report
	Exhibit PP	Form of Asset Review Report Summary
	Exhibit QQ	Asset Review Procedures
	Exhibit RR	Form of Certification to Certificate Administrator Requesting Access to Secure Data Room
	Exhibit SS	Form of Notice of [Additional Delinquent Loan][Cessation of Delinquent Loan][Cessation of Asset Review Trigger]
	Exhibit TT	Certificate Administrator Receipt of the Retained Certificates

SCHEDULES

	Schedule 1	Mortgage Loans With Additional Secured Debt as of the Closing Date
	Schedule 2	Class A-SB Planned Principal Balance Schedule
	Schedule 3	Identified Escrows, Reserves, Holdbacks and Related Letters of Credit 

    	 	ix	 

    

    

This Pooling and Servicing
Agreement is dated and effective as of August 1, 2022, between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland
Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Midland Loan Services, a Division of PNC Bank, National
Association, as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.

PRELIMINARY STATEMENT:

The Depositor intends to
sell commercial mortgage pass-through certificates (collectively, the “Certificates”), to be issued hereunder in
multiple classes (each, a “Class”), which in the aggregate, and collectively with the VRR Interest, will evidence the
entire beneficial ownership interest in the Trust to be created hereunder, the primary assets of which will be a pool of commercial mortgage
loans. As provided herein, the Certificate Administrator shall elect or shall cause an election to be made to treat designated portions
of the Trust for federal income tax purposes as two separate real estate mortgage investment conduits (the “Upper-Tier REMIC”
and the “Lower-Tier REMIC”, and each a “Trust REMIC” as described herein).

The Depositor intends to
(i) sell the Certificates (other than the Class RR Certificates) to the Underwriters and the Initial Purchasers, (ii) cause the RR
Interest to be owned on the Closing Date by JPMCB and (iii) cause the Class RR Certificates to be owned on the Closing Date by DBRI (or
its Majority-Owned Affiliate).

LOWER-TIER REMIC

The Lower-Tier REMIC
will hold the Mortgage Loans and will issue the Class LA1, Class LA2, Class LA4, Class LA5, Class LASB, Class LAS, Class LB,
Class LC, Class LD, Class LE, Class LF, Class LG, Class LH, Class LJ, Class LK and Class LRR Uncertificated Interests
and the LRI Uncertificated Interest (the “Lower-Tier Regular Interests”), which will evidence the “regular interests”
in the Lower-Tier REMIC created hereunder. The Lower-Tier REMIC will also issue the uncertificated Class LR Interest, which
is the sole class of “residual interests” in the Lower-Tier REMIC and is represented by the Class R Certificates.

    	 	 	 

    

    

The following table sets
forth the Original Lower-Tier Principal Amounts and per annum rates of interest for the Lower-Tier Regular Interests and
the Class LR Interest:

	
    Class Designation
	
    Interest
    Rate
	
    Original
    Lower-Tier

    Principal Amount

	Class LA1	 (1)	$	1,000,000	 
	Class LA2	 (1)	$	106,901,000	 
	Class LA4	 (1)	$	170,000,000	 
	Class LA5	 (1)	$	221,140,000	 
	Class LASB	 (1)	$	2,240,000	 
	Class LAS	 (1)	$	64,450,000	 
	Class LB	 (1)	$	34,016,000	 
	Class LC	 (1)	$	30,435,000	 
	Class LD	 (1)	$	19,693,000	 
	Class LE	 (1)	$	16,112,000	 
	Class LF	 (1)	$	8,952,000	 
	Class LG	 (1)	$	8,951,000	 
	Class LH	 (1)	$	7,161,000	 
	Class LJ	 (1)	$	11,602,000	 
	Class LK	 (1)	$	13,463,056	 
	Class LR	None(2)	 	None(2)	 
	Class LRR	 (1)	$	7,850,625	 
	LRI	 (1)	$	29,839,694	 

 

		 (1)	The interest rate for each Class of Lower-Tier Regular Interests on any Distribution Date will be the
Weighted Average Net Mortgage Rate for such Distribution Date.

		(2) 	The Class LR Interest (evidenced by the Class R Certificates) will not have a Certificate Balance
or Notional Amount, will not bear interest and will not be entitled to distributions of Prepayment Premiums or Yield Maintenance Charges.
Any Aggregate Available Funds remaining in the Lower-Tier REMIC Distribution Account after distributing the Lower-Tier Distribution
Amount will be deemed distributed to the Class LR Interest and shall be payable to the Holders of the Class R Certificates.

		(3) 	The Class LRR Uncertificated Interest (evidenced by the Class RR Certificates) will have an original principal
balance equal to (a) the VRR Percentage minus the RRI Percentage, multiplied by (b) the aggregate Cut-off Date Balance of the Mortgage
Loans.

		(4) 	The LRI Uncertificated Interest will have an original principal balance equal to the RRI Percentage multiplied
by the aggregate Cut-off Date Balance of the Mortgage Loans.

UPPER-TIER REMIC

The Upper-Tier REMIC
will hold the Lower-Tier Regular Interests and will issue (i) the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB,
Class X-A, Class X-B, Class X-D, Class X-F, Class X-G, Class X-H, Class X-J, Class X-K, Class A-S, Class B, Class C,
Class D, Class E, Class F, Class G, Class H, Class J and Class K Certificates, and (ii) the regular interests that correspond
in the aggregate to the VRR Interest, each of which represents a “regular interest” in the Upper-Tier REMIC created hereunder.
The Upper-Tier REMIC regular interests will have the same Pass-Through Rates as their corresponding Certificates and the same original
principal

    	 	2	 

    

    

amounts or notional amounts as the original
certificate balance or notional amount of their corresponding Certificates as shown on the “Certificates” table, below.

The Upper-Tier REMIC
also will issue the uncertificated Class UR Interest, which is the sole class of “residual interests” in the Upper-Tier
REMIC for purposes of the REMIC Provisions and is represented by the Class R Certificates. The Class UR Interest will not have a
Certificate Balance or Notional Amount, will not bear interest and will not be entitled to distributions of Prepayment Premiums or Yield
Maintenance Charges. Any Available Funds remaining in the Upper-Tier REMIC Distribution Account after all required distributions under
this Agreement have been made to each Class of Regular Certificates and the VRR Interest will be deemed distributed to the Class UR Interest
and shall be payable to the Holders of the Class R Certificates.

The foregoing REMIC structure
is intended to cause all of the cash from the Mortgage Loans to flow through to the Upper-Tier REMIC as cash flow on a REMIC regular interest,
without creating any shortfall, actual or potential (other than for credit losses), to any REMIC regular interest. To the extent that
the structure is believed to diverge from such intention, the parties identifying such ambiguity shall notify the other parties hereto
and the parties involved will resolve such ambiguities to accomplish the intended result and will to the extent necessary rectify any
drafting errors or seek clarification to the structure without Certificateholder approval (but with guidance of counsel) to accomplish
such intention, including, to the extent necessary, making any amendments in accordance with Section 13.01 of this Agreement.

THE CERTIFICATES AND THE RR INTEREST

The following table (and
related paragraphs) sets forth the designation, the initial pass-through rate (in the case of the Non-VRR Certificates, the “Pass-Through
Rate”, and in the case of the VRR Interest, the “VRR Interest Rate”) and the aggregate initial principal
amount (in the case of the Principal Balance Certificates and the Class RR Certificates, the “Original Certificate Balance”)
or Notional Amount (the “Original Notional Amount”), and the aggregate initial principal amount (in the case of the
RR Interest, the “Original RR Interest Balance”), as applicable, for each Class of Certificates and the RR Interest:

	
    Corresponding
    Certificates or RR Interest
	
    Approx.
    Initial Pass-Through Rate
	
    Original
    Certificate Balance, Notional Amount or Original RR Interest Balance

	Class A-1 Certificates	4.1406	%	$	1,000,000	 
	Class A-2 Certificates	4.6590	%	$	106,901,000	 
	Class A-4 Certificates	4.2038	%	$	170,000,000	 
	Class A-5 Certificates	4.4699	%	$	221,140,000	 
	Class A-SB Certificates	4.5894	%	$	2,240,000	 
	Class X-A Certificates	0.8092	%(1)	$	565,731,000(2)	 
	Class X-B Certificates	0.4200	%(1)	$	34,016,000(2)	 
	Class A-S Certificates	4.9505	%	$	64,450,000	 
	Class B Certificates	4.8695	%	$	34,016,000	 
	Class C Certificates	5.2895	%	$	30,435,000	 

    	 	3	 

    

    

 

	
    Corresponding
    Certificates or RR Interest
	
    Approx.
    Initial Pass-Through Rate
	
    Original
    Certificate Balance, Notional Amount or Original RR Interest Balance

	Class X-D Certificates	2.7895	%(1)	$	35,805,000(2)	 
	Class X-F Certificates	1.5000	%(1)	$	8,952,000(2)	 
	Class X-G Certificates	1.5000	%(1)	$	8,951,000(2)	 
	Class X-H Certificates	1.5000	%(1)	$	7,161,000(2)	 
	Class X-J Certificates	1.5000	%(1)	$	11,602,000(2)	 
	Class X-K Certificates	1.5000	%(1)	$	13,463,056(2)	 
	Class D Certificates	2.5000	%	$	19,693,000	 
	Class E Certificates	2.5000	%	$	16,112,000	 
	Class F Certificates	3.7895	%	$	8,952,000	 
	Class G Certificates	3.7895	%	$	8,951,000	 
	Class H Certificates	3.7895	%	$	7,161,000	 
	Class J Certificates	3.7895	%	$	11,602,000	 
	Class K Certificates	3.7895	%	$	13,463,056	 
	Class R Certificates	None(3)	 	N/A	 
	Class RR Certificates	(4)	$	7,850,625(5)	 
	RR Interest	(4)	$	29,839,694(6)	 

 

		 (1)	The Pass-Through Rate for the Class X-A Certificates will be calculated in accordance with the
definition of “Class X-A Pass-Through Rate”. The Pass-Through Rate for the Class X-B Certificates will be
calculated in accordance with the definition of “Class X-B Pass-Through Rate”. The Pass-Through Rate for the
Class X-D Certificates will be calculated in accordance with the definition of “Class X-D Pass-Through Rate”.
The Pass-Through Rate for the Class X-F Certificates will be calculated in accordance with the definition of “Class X-F
Pass-Through Rate”. The Pass-Through Rate for the Class X-G Certificates will be calculated in accordance with the
definition of “Class X-G Pass-Through Rate”. The Pass-Through Rate for the Class X-H Certificates will be
calculated in accordance with the definition of “Class X-H Pass-Through Rate”. The Pass-Through Rate for the
Class X-J Certificates will be calculated in accordance with the definition of “Class X-J Pass-Through Rate”.
The Pass-Through Rate for the Class X-K Certificates will be calculated in accordance with the definition of “Class X-K
Pass-Through Rate”.

		 (2)	None of the Class X-A, Class X-B, Class X-D, Class X-F, Class X-G, Class X-H,
Class X-J or Class X-K Certificates will have a Certificate Balance; rather, such Classes will accrue interest as provided herein
on the Class X-A Notional Amount, the Class X-B Notional Amount, the Class X-D Notional Amount, the Class X-F Notional
Amount, the Class X-G Notional Amount, the Class X-H Notional Amount, the Class X-J Notional Amount and the Class X-K Notional
Amount, as applicable.

		 (3)	The Class R Certificates will not have a Certificate Balance or a Notional Amount, and will not bear
interest or be entitled to distributions of Prepayment Premiums or Yield Maintenance Charges. Any Aggregate Available Funds remaining
in the Upper-Tier REMIC Distribution Account after all required distributions under this Agreement have been made to each Class of
Regular Certificates and the VRR Interest will be deemed distributed to the Class UR Interest and shall be payable to the Holders
of the Class R Certificates.

		 (4)	Although it does not have a specified Pass-Through Rate (other than for tax reporting purposes), the effective
interest rate for the VRR Interest on any Distribution Date will be the VRR Interest Rate for such Distribution Date.

		 (5)	The Class RR Certificates will have an original principal balance equal to (a) the VRR Percentage minus
the RRI Percentage, multiplied by (b) the aggregate Cut-off Date Balance of the Mortgage Loans.

    	 	4	 

    

    

		(6)	The RR Interest will have an Original RR Interest Balance equal to the RRI Percentage multiplied by the
aggregate Cut-off Date Balance of the Mortgage Loans.

As of the close of business
on the Cut-off Date, the Mortgage Loans had an aggregate principal balance, after application of all payments of principal due on
or before such date, whether or not received, equal to $753,806,375.

WHOLE LOANS

	Loan No.	Whole Loan	Type	Non-Serviced PSA	Non-Serviced Primary Servicing Fee Rate	Companion Loan Type	Servicing Shift Lead Note (if any)
	1	79 Fifth Avenue	Non-Serviced	CGCMT 2022-GC48	0.00125%	Pari Passu	N/A
	2	Yorkshire & Lexington Towers	Non-Serviced A/B	CGCMT 2022-GC48	0.00125%	Pari Passu and Subordinate	N/A
	3	39 Broadway	Serviced	N/A	N/A	Pari Passu 	N/A
	6	One Campus 	Serviced	N/A	N/A	Pari Passu	N/A
	8	The Lion Building	Non-Serviced	BMO 2022-C2	0.00125%	Pari Passu	 N/A
	20	The Reef	Non-Serviced 	Benchmark 2022-B35	0.00125%	Pari Passu	N/A

Each of the Whole Loans listed
above consists of the corresponding Mortgage Loan and one or more Companion Loans. With respect to any Whole Loan, each of the Mortgage
Loan and the Pari Passu Companion Loan(s) are pari passu with each other to the extent provided in the related Intercreditor Agreement,
and any AB Subordinate Companion Loan(s) is generally subordinate to the related Mortgage Loan and any Pari Passu Companion Loan(s) to
the extent provided in the related Intercreditor Agreement. Each Serviced Whole Loan will be serviced and administered in accordance with
this Agreement and the related Intercreditor Agreement. Each Non-Serviced Whole Loan will be serviced and administered in accordance with
the related Non-Serviced PSA and the related Intercreditor Agreement. Each Servicing Shift Whole Loan will be serviced and administered
in accordance with this Agreement and the related Intercreditor Agreement prior to the related Servicing Shift Securitization Date, and
will be serviced and administered in accordance with the related Non-Serviced PSA and the related Intercreditor Agreement on and after
the related Servicing Shift Securitization Date.

The Companion Loans are not
part of the Trust Fund, but are each secured by the applicable Mortgage that secures the related Mortgage Loan that is part of the Trust
Fund. Amounts attributable to any Companion Loan will not be part of the Trust Fund, and (except to

    	 	5	 

    

    

the extent that such amounts are payable or
reimbursable to any party to this Agreement) will be owned by the related Companion Holders.

In consideration of the mutual
agreements herein contained, the parties hereto agree as follows:

Article I

DEFINITIONS

Section 1.01       
Defined Terms. Whenever used in this Agreement, including in the Preliminary Statement, the following capitalized terms,
unless the context otherwise requires, shall have the meanings specified in this Article.

“10-K Filing
Deadline”: As defined in Section 11.05(a).

“15Ga-1 Notice”:
As defined in Section 2.02(g).

“15Ga-1 Repurchase
Request”: As defined in Section 2.02(g).

“17g-5 Information
Provider”: The Certificate Administrator.

“17g-5 Information
Provider’s Website”: The 17g-5 Information Provider’s Internet website, which shall initially be located within
the Certificate Administrator’s Website (initially “www.ctslink.com”), under the “NRSRO” tab on the page
relating to this transaction.

“30/360 Mortgage
Loans”: The Mortgage Loans indicated as such in the Mortgage Loan Schedule.

“AB Control Appraisal
Period”: The “Control Appraisal Period” or any similar term as defined in the related AB Intercreditor Agreement
for any Serviced AB Whole Loan.

“AB Intercreditor
Agreement”: Any Intercreditor Agreement by and among the holder of an AB Subordinate Companion Loan and the holder of the related
Mortgage Loan and any holder(s) of any related Pari Passu Companion Loan, relating to the relative rights of such holders of the related
AB Whole Loan, as the same may be further amended in accordance with the terms thereof. For the avoidance of doubt, each Intercreditor
Agreement related to an AB Whole Loan is an AB Intercreditor Agreements related to the Trust.

“AB Control Appraisal
Period”: The “Control Appraisal Period” or any similar term as defined in the related AB Intercreditor Agreement
for any Serviced AB Whole Loan.

“AB Modified Loan”:
Any Corrected Loan (1) that became a Corrected Loan (which includes for purposes of this definition any Non-Serviced Mortgage Loan that
became a “corrected loan” (or any term substantially similar thereto) pursuant to the related Non-Serviced PSA) due to a modification
thereto that resulted in the creation of an A/B note structure (or similar structure) and as to which the new junior note(s) did not previously
exist or the principal amount

    	 	6	 

    

    

of the new junior note(s) was previously part
of either an A note held by the Trust or the original unmodified Mortgage Loan and (2) as to which an Appraisal Reduction Amount is not
in effect.

“AB Mortgage Loan”:
A senior “A note” that is part of an AB Whole Loan and which is a Mortgage Loan that is part of the Trust Fund.

“AB Mortgaged Property”:
The Mortgaged Property that secures the related AB Whole Loan.

“AB Subordinate
Companion Loan”: With respect to any AB Whole Loan, the related companion loan evidenced by the related promissory note made
by the related Mortgagor(s) and secured by the Mortgage on the related AB Mortgaged Property, which is not included in the Trust and which
is subordinate in right of payment to the related AB Mortgage Loan to the extent set forth in the related Mortgage Loan documents and
as provided in the related Intercreditor Agreement. The Companion Loan identified as note B-1 and note B-2 related to the Yorkshire &
Lexington Towers Whole Loan will each be an AB Subordinate Companion Loan with respect to the Trust as of the Closing Date.

“AB Whole Loan”:
A Whole Loan that consists of such Mortgage Loan, Pari Passu Companion Loan(s) (if any) and one or more related AB Subordinate Companion
Loan(s). For the avoidance of doubt, the Whole Loans with Companion Loans identified as “Subordinate” or “Pari Passu
and Subordinate” under the column entitled “Companion Loan Type” in the “Whole Loan” chart in the Preliminary
Statement are the only AB Whole Loans related to the Trust.

“AB Whole Loan Controlling
Holder”: With respect to a Serviced AB Whole Loan, the “Controlling Noteholder”, “Directing Lender”
or similarly defined party identified in the related AB Intercreditor Agreement.

“Accelerated Mezzanine
Loan Lender”: A mezzanine lender under a mezzanine loan that has been accelerated or as to which foreclosure or enforcement
proceedings have been commenced against the equity collateral pledged to secure such mezzanine loan.

“Acceptable Insurance
Default”: With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Serviced Whole Loan, a default
under the related Mortgage Loan documents arising by reason of (i) any failure on the part of the related Mortgagor to maintain with
respect to the related Mortgaged Property specific insurance coverage with respect to, or an all-risk casualty insurance policy that
does not specifically exclude, terrorist or similar acts, and/or (ii) any failure on the part of the related Mortgagor to maintain
with respect to the related Mortgaged Property insurance coverage with respect to damages or casualties caused by terrorist or similar
acts upon terms not materially less favorable than those in place as of the Closing Date, in each case as to which default the Master
Servicer (with respect to any Non-Specially Serviced Loan) or the Special Servicer (with respect to any Specially Serviced Loan) may forbear
taking any enforcement action, provided that the Master Servicer (with respect to any Non-Specially Serviced Loan) and the Special
Servicer (with respect to any Specially Serviced Loan) has determined in its reasonable judgment based on inquiry consistent with the
Servicing Standard (unless a Control Termination Event has occurred and is continuing (or other than with respect to any Excluded Loan),
with the consent of the Directing Certificateholder (and after a Control

    	 	7	 

    

    

Termination Event has occurred, but prior to
the occurrence of a Consultation Termination Event (or other than with respect to any Excluded Loan), after consultation with the Directing
Certificateholder as provided in Section 6.08 hereof)), with respect to any Specially Serviced Loan, after non-binding consultation
with the Risk Retention Consultation Parties pursuant to Section 6.08 (or, with respect to a Serviced AB Whole Loan, and prior
to any related AB Control Appraisal Period, with the consent of the related AB Whole Loan Controlling Holder to the extent required under
the related Intercreditor Agreement), that either (a) such insurance is not available at commercially reasonable rates and that such
hazards are not at the time commonly insured against for properties similar to the related Mortgaged Property and located in or around
the region in which such related Mortgaged Property is located, or (b) such insurance is not available at any rate; provided,
however, that the Directing Certificateholder and the Risk Retention Consultation Parties, as applicable, (or, with respect to
a Serviced AB Whole Loan, the AB Whole Loan Controlling Holder prior to any AB Control Appraisal Period to the extent required under the
related Intercreditor Agreement) will not have more than thirty (30) days to respond to the Special Servicer’s request for such
consent or consultation; provided, further, that upon the Special Servicer’s determination, consistent with the Servicing
Standard, that exigent circumstances do not allow the Special Servicer to consult with the Directing Certificateholder or any applicable
AB Whole Loan Controlling Holder, as applicable, the Special Servicer is not required to do so. The Special Servicer (at the expense of
the Trust Fund) shall be entitled to rely on insurance consultants in making the determinations described above.

“Act”:
The Securities Act of 1933, as it may be amended from time to time.

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

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

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

“Additional Exclusions”:
Exclusions in addition to those customarily found in the insurance policies for mortgaged properties similar to the Mortgaged Properties
on or prior to September 11, 2001.

“Additional Form
10-D Disclosure”: As defined in Section 11.04(a).

“Additional Form
10-K Disclosure”: As defined in Section 11.05(a).

“Additional Secured
Debt”: With respect to any Mortgage Loan, any debt owed by the related Mortgagor to a party other than the lender under such
Mortgage Loan that is secured by the related Mortgaged Property (which such debt that exists as of the Closing Date is set forth on Schedule
1 hereto), as increased or decreased from time to time pursuant to the terms of the related subordinate or pari passu loan documents
(including any Intercreditor Agreement or subordination agreement).

    	 	8	 

    

    

“Additional Servicer”:
Each Affiliate of the Master Servicer, the Special Servicer or any Mortgage Loan Seller that Services any of the Mortgage Loans and each
Person who is not an Affiliate of the Master Servicer, other than the Special Servicer, who Services 10% or more of the Mortgage Loans
by unpaid principal balance as of any date of determination pursuant to Article XI.

“Administrative
Cost Rate”: As of any date of determination and with respect to each Mortgage Loan, a per annum rate equal to the sum
of the Servicing Fee Rate, the Certificate Administrator Fee Rate (which fee rate accounts for the Trustee Fee), the Operating Advisor
Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate and,
in the case of each Non-Serviced Mortgage Loan, the related Non-Serviced Primary Servicing Fee Rate.

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

“Adverse REMIC Event”:
As defined in Section 10.01(f).

“Affected Party”:
As defined in Section 7.01(b).

“Affected Reporting
Party”: As defined in Section 11.12.

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

“Affirmative Asset
Review Vote”: As defined in Section 12.01(a).

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

(a)              
the aggregate amount of all cash received on the Mortgage Loans (in the case of a Non-Serviced Mortgage Loan, only to the extent
received by the Trust pursuant to the related Non-Serviced PSA and/or the related Non-Serviced Intercreditor Agreement) (including
the portion of Loss of Value Payments deposited into the Collection Account pursuant to Section 3.05(g) of this Agreement)
and any REO Property (including Compensating Interest Payments with respect to the Mortgage Loans required to be deposited by the Master
Servicer pursuant to Section 3.17(a)) on deposit in the Collection Account (in each case, exclusive of any amount on deposit
in or credited to any portion of the Collection Account that is held for the benefit of the Companion Holders), as of the close of business
on the related Master Servicer Remittance Date, exclusive of (without duplication):

(i)               
all Periodic Payments paid by the Mortgagors of a Mortgage Loan that are due on a Due Date following the end of the related Collection
Period, excluding interest relating to payments prior to, but due after, the Cut-off Date;

    	 	9	 

    

    

(ii)              all unscheduled Principal Prepayments (together with any related payments of interest allocable to the period following the related
Due Date for the related Mortgage Loan), Liquidation Proceeds, Insurance and Condemnation Proceeds and other unscheduled recoveries, in
each case, received subsequent to the related Determination Date (or, with respect to voluntary Principal Prepayments for each Mortgage
Loan with a Due Date occurring after the related Determination Date, subsequent to the related Due Date) allocable to the Mortgage Loans;

(iii)              (A) all
amounts payable or reimbursable to any Person from the Collection Account pursuant to clauses (ii) through (xviii),
inclusive, and (xxi) of Section 3.05(a); (B) all amounts payable or reimbursable to any Person from the Lower-Tier
REMIC Distribution Account pursuant to clauses (ii) through (vii), inclusive, of Section 3.05(b);
and (C) any Net Investment Earnings contained therein;

(iv)             with
respect to the Actual/360 Loans and any Distribution Date relating to each Interest Accrual Period occurring in (1) each February
or (2) any January in a year that is not a leap year (in each case, unless the related Distribution Date is the final Distribution
Date), an amount equal to one (1) day of interest on the Stated Principal Balance of such Mortgage Loan as of the Due Date in the month
preceding the month in which such Distribution Date occurs at the related Mortgage Rate to the extent such amounts are Withheld Amounts;

(v)              
[Reserved];

(vi)             all
Prepayment Premiums and Yield Maintenance Charges allocable to the Mortgage Loans;

(vii)            all
amounts deposited in the Collection Account in error; and

(viii)           any
Penalty Charges allocable to the Mortgage Loans;

(b)              
if and to the extent not already included in clause (a) hereof, the aggregate amount transferred from the REO Account
allocable to the Mortgage Loans to the Collection Account for such Distribution Date pursuant to Section 3.14(c);

(c)              
the aggregate amount of any (i) Compensating Interest Payments made by the Master Servicer with respect to the Mortgage Loans with
respect to such Distribution Date pursuant to Section 3.17(a) and (ii) P&I Advances made by the Master Servicer or the
Trustee, as applicable, with respect to the Mortgage Loans and the Distribution Date (net of any related Certificate Administrator Fee,
Operating Advisor Fee and Asset Representations Reviewer Fee actually payable with respect to the Mortgage Loans for which such P&I
Advances are made) pursuant to Section 4.03 or Section 7.05; and

(d)              
with respect to each Actual/360 Loan and any Distribution Date occurring in each March (or February, if the related Distribution
Date is the final Distribution Date), the Withheld Amounts remitted to the Lower-Tier REMIC Distribution Account pursuant to Section 3.21(b);

    	 	10	 

    

    

Notwithstanding the investment
of funds held in the Collection Account pursuant to Section 3.06, for purposes of calculating the Aggregate Available Funds,
the amounts so invested shall be deemed to remain on deposit in such account.

“Aggregate Gain-on-Sale
Entitlement Amount”: With respect to each Distribution Date, an amount equal to the aggregate amount of (i) the sum of
(a)(x) the aggregate portion of the Interest Distribution Amount for each Class of Regular Certificates that would remain unpaid
as of the close of business on such Distribution Date, divided by (y) the Non-VRR Percentage, and (b)(x) the amount by which the Non-VRR
Principal Distribution Amount exceeds the aggregate amount that would actually be distributed on the related Distribution Date in respect
of such Non-VRR Principal Distribution Amount, divided by (y) the Non-VRR Percentage, and (ii) any Non-VRR Realized Losses and VRR
Realized Losses outstanding immediately after such Distribution Date, in each case, to the extent such amounts would occur on such Distribution
Date or would be outstanding immediately after such Distribution Date, as applicable, without the inclusion of the Non-VRR Gain-on-Sale
Remittance Amount as part of the definition of Available Funds and the VRR Interest Gain-on-Sale Remittance Amount as part of the definition
of VRR Available Funds.

“Aggregate Principal
Distribution Amount”: With respect to any Distribution Date and the Principal Balance Certificates and the VRR Interest, an
amount equal to the sum of the following amounts: (a) the Scheduled Principal Distribution Amount for such Distribution Date and
(b) the Unscheduled Principal Distribution Amount for such Distribution Date; provided that the Aggregate Principal Distribution
Amount for any Distribution Date shall be reduced, to not less than zero, by the amount of any reimbursements of (A) Nonrecoverable
Advances (including any servicing advance with respect to any Non-Serviced Mortgage Loan under the related Non-Serviced PSA reimbursed
out of general collections on the Mortgage Loans), with interest on such Nonrecoverable Advances at the Reimbursement Rate that are paid
or reimbursed from principal collections on the Mortgage Loans in a period during which such principal collections would have otherwise
been included in the Aggregate Principal Distribution Amount for such Distribution Date and (B) Workout-Delayed Reimbursement
Amounts paid or reimbursed from principal collections on the Mortgage Loans in a period during which such principal collections would
have otherwise been included in the Aggregate Principal Distribution Amount for such Distribution Date (provided that, in the case
of clauses (A) and (B) above, if any of the amounts that were reimbursed from principal collections on the Mortgage
Loans (including REO Loans) are subsequently recovered on the related Mortgage Loan (or REO Loan), such recovery will increase the Aggregate
Principal Distribution Amount for the Distribution Date related to the period in which such recovery occurs).

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

“Applicable DBRS
Morningstar Permitted Investment Rating”: (A) in the case of such investments with 30 days or less, the short-term debt obligations
of which are rated at least “R-1 (middle)” or the long term obligations of which are rated at least “A”, (B) in
the case of such investments with 90 days or less but greater than 30 days, the short-term debt obligations of which are rated at least
“R-1 (middle)” or the long term obligations of which are rated at least “AA (low)”, (C) in the case of such investments
with 180 days or less but greater than 90 days, the short-term debt obligations of which are rated at least “R-1 (high)” or
the long term obligations of which are

    	 	11	 

    

    

rated at least “AA”, and (D) in
the case of such investments with 365 days or less but greater than 180 days, the short term debt obligations of which are rated at least
“R-1 (high)” or the long term obligations of which are rated at least “AAA”, in the case of each of clauses (A)
through (D), if then rated by DBRS Morningstar and, if not so rated, an equivalent or higher rating by two other NRSROs.

“Applicable Fitch
Permitted Investment Rating”: (A) in the case of such investments with maturities of thirty (30) days or less, the short-term
debt obligations of which are rated at least “F1” by Fitch or the long-term debt obligations of which are rated at least “A”
by Fitch, and (B) in the case of such investments with maturities of more than thirty (30) days, the short-term obligations of which are
rated at least “F1+” by Fitch or the long-term obligations of which are rated at least “AA-” by Fitch.

“Applicable Laws”:
As defined in Section 8.15.

“Applicable Moody’s
Permitted Investment Rating”: in the case of such investments, the short-term debt obligations of which are rated at least “P-1”
by Moody’s or the long-term debt obligations of which are rated at least “A2” by Moody’s.

“Applicable State
and Local Tax Law”: For purposes hereof, the Applicable State and Local Tax Law shall be (a) the tax laws of the State
of New York; and (b) such other state or local tax laws whose applicability shall have been brought to the attention of the Trustee
and the Certificate Administrator by either (i) an Opinion of Counsel delivered to it, or (ii) written notice from the appropriate
taxing authority as to the applicability of such state or local tax laws.

“Appraisal”:
An appraisal prepared by an appraiser who is licensed or certified to prepare appraisals in the state where the Mortgaged Property is
located, as appropriate; provided that each appraiser will be required to represent in such appraisal or in a supplemental letter
that the appraisal satisfies the requirements of the “Uniform Standards of Professional Appraisal Practice” as adopted by
the Appraisal Standards Board of the Appraisal Foundation and has certified that such appraiser had no interest, direct or indirect, in
the Mortgaged Property or the Mortgagor or in any loan made on the security thereof, and its compensation is not affected by the approval
or disapproval of the Mortgage Loan.

“Appraisal Reduction
Amount”: For any Distribution Date and for any Mortgage Loan (other than a Non-Serviced Mortgage Loan), Serviced Companion Loan,
or any Serviced Whole Loan as to which any Appraisal Reduction Event has occurred, shall be an amount, calculated by the Special Servicer
(prior to the occurrence of a Consultation Termination Event and only with respect to any Mortgage Loan other than an Excluded Loan, in
consultation with the Directing Certificateholder, and after the occurrence and during the continuation of a Control Termination Event,
in consultation with the Operating Advisor), equal to the excess of (a) the Stated Principal Balance of that Mortgage Loan or the Stated
Principal Balance of the applicable Serviced Whole Loan over (b) the excess of (i) the sum of (A) 90% of the Appraised
Value of the related Mortgaged Property as determined (1) by one or more Appraisals obtained by the Special Servicer with respect to that
Mortgage Loan (together with any related Crossed Underlying Loan) or Serviced Whole Loan, as the case may be, with an outstanding principal
balance equal to or in excess of $2,000,000 (the costs of which shall be paid by the Master Servicer as an Advance) or

    	 	12	 

    

    

(2) at the Special Servicer’s option,
either (i) by an Appraisal obtained by the Special Servicer (the costs of which shall be paid by the Master Servicer as an Advance) or
(ii) by an internal valuation performed by the Special Servicer with respect to any Mortgage Loan (together with any related Crossed Underlying
Loan) or Serviced Whole Loan, as the case may be, with an outstanding principal balance less than $2,000,000, minus, with respect to any
Appraisals, such downward adjustments as the Special Servicer may make (without implying any obligation to do so) based upon its review
of the Appraisal and any other information it deems relevant, (B) all escrows, letters of credit and reserves in respect of such
Mortgage Loan or Serviced Whole Loan, as applicable, as of the date of calculation and (C) all Insurance and Condemnation Proceeds that
constitute collateral for the related Mortgage Loan or Serviced Whole Loan over (ii) the sum of, as of the Due Date occurring in
the month of the date of determination, (A) to the extent not previously advanced by the Master Servicer or the Trustee, all unpaid
interest due on such Mortgage Loan or Serviced Whole Loan, as the case may be, at a per annum rate equal to its Mortgage Rate (and,
with respect to any AB Whole Loan, any accrued and unpaid interest on the related AB Subordinate Companion Loan, as applicable), (B) all
P&I Advances on the related Mortgage Loan and all Servicing Advances on the related Mortgage Loan or Serviced Whole Loan, as applicable,
not reimbursed from proceeds of such Mortgage Loan or Serviced Whole Loan, as applicable, and interest thereon at the Reimbursement Rate
in respect of such Mortgage Loan or Serviced Whole Loan, as applicable, and (C) all currently due and unpaid real estate taxes, assessments,
insurance premiums, ground rents, unpaid Special Servicing Fees and all other amounts due and unpaid (including any capitalized interest
whether or not then due and payable) with respect to such Mortgage Loan or Serviced Whole Loan, as the case may be (which taxes, premiums,
ground rents and other amounts have not been the subject of an Advance by the Master Servicer, the Special Servicer or the Trustee, as
applicable); provided, however, without limiting the Special Servicer’s obligation to order and obtain such Appraisal
or perform such valuation, if the Special Servicer has not obtained an Appraisal or performed such valuation, as applicable, referred
to above within sixty (60) days of the Appraisal Reduction Event, the Appraisal Reduction Amount shall be deemed to be an amount equal
to 25% of the current Stated Principal Balance of the related Mortgage Loan or Serviced Whole Loan, as applicable, until such time as
such appraisal or valuation referred to above is received by the Special Servicer and the Appraisal Reduction Amount is calculated by
the Special Servicer as of the first Determination Date that is at least ten (10) Business Days following the date the Special Servicer’s
receipt of such Appraisal or valuation and receipt of information requested by the Special Servicer from the Master Servicer reasonably
necessary to calculate the Appraisal Reduction Amount. Within sixty (60) days after the Appraisal Reduction Event, the Special Servicer
shall order and use reasonable efforts to receive an Appraisal (the cost of which shall be paid by the Master Servicer as a Servicing
Advance); provided, further, however, that in no event shall the Special Servicer be required to order any such Appraisal
prior to the conclusion of such sixty (60) day period, as applicable, and in each case, the related Appraisal shall be promptly delivered
in electronic format by the Special Servicer to the Master Servicer, the Directing Certificateholder (but only prior to the occurrence
of a Consultation Termination Event), the Certificate Administrator and the Trustee. In addition, the Master Servicer shall provide (via
electronic delivery) the Special Servicer with any information in its possession that is reasonably required to determine, redetermine,
calculate or recalculate any Appraisal Reduction Amount or Collateral Deficiency amount pursuant to their definitions using reasonable
efforts to deliver such information within five (5) Business Days of the Special Servicer’s reasonable request. The Master Servicer
will not calculate Appraisal Reduction Amounts.

    	 	13	 

    

    

With respect to any Appraisal
Reduction Amount calculated for purposes of determining the existence and identity of the Controlling Class pursuant to Section 4.05(a)
hereof, the Appraised Value for the related Mortgaged Property determined in connection with clause (b)(i)(A)(1) or clause (b)(i)(A)(2)
of the first paragraph of this definition shall be determined on an “as-is” basis.

Notwithstanding anything
herein to the contrary, the aggregate Appraisal Reduction Amount related to a Mortgage Loan or the related REO Property will be reduced
to zero as of the date on which such Mortgage Loan is paid in full, liquidated, repurchased or otherwise removed from the Trust or as
otherwise set forth in Section 4.05(d).

Any Appraisal Reduction Amount
in respect of a Non-Serviced Whole Loan shall be calculated by the applicable party under and in accordance with and pursuant to the
terms of the applicable Non-Serviced PSA.

“Appraisal Reduction
Event”: With respect to any Mortgage Loan (other than a Non-Serviced Mortgage Loan), Serviced Companion Loan and Serviced Whole
Loan, the earliest of (i) one hundred twenty (120) days after an uncured delinquency (without regard to the application of any Grace
Period), other than any uncured delinquency in respect of a Balloon Payment, occurs in respect of such Mortgage Loan or related Companion
Loan, as applicable, (ii) the date on which a reduction in the amount of Periodic Payments on such Mortgage Loan or Companion Loan,
as applicable, or a change in any other material economic term of such Mortgage Loan or Companion Loan, as applicable, (other than an
extension of the Maturity Date), becomes effective as a result of a modification of such Mortgage Loan or Companion Loan, as applicable,
by the Special Servicer, (iii) thirty (30) days after the date on which a receiver has been appointed for the Mortgaged Property,
(iv) thirty (30) days after the date on which a Mortgagor or the tenant at a single tenant property declares bankruptcy (and not
otherwise dismissed within such time), (v) sixty (60) days after the date on which an involuntary petition of bankruptcy is filed
with respect to a Mortgagor if not dismissed within such time, (vi) a payment default has occurred with respect to the related Balloon
Payment; provided, however, if (A) the related Mortgagor is diligently seeking a refinancing commitment (and delivers a
statement to that effect to the Master Servicer within thirty (30) days after the payment default, who will be required to promptly deliver
a copy to the Special Servicer, the Operating Advisor and the Directing Certificateholder (but only prior to the occurrence of a Consultation
Termination Event)), (B) the related Mortgagor continues to make its Assumed Scheduled Payment, (C) no other Appraisal Reduction Event
has occurred with respect to that Mortgage Loan or Serviced Whole Loan, and (D) for so long as no Control Termination Event has occurred
and is continuing, the Directing Certificateholder consents, an Appraisal Reduction Event will not occur until sixty (60) days beyond
the related Maturity Date, unless extended by the Special Servicer in accordance with the Mortgage Loan documents or this Agreement; and
provided, further, if the related Mortgagor has delivered to the Master Servicer, who will be required to promptly deliver
a copy to the Special Servicer, the Operating Advisor and the Directing Certificateholder (but only prior to the occurrence of a Consultation
Termination Event), on or before the sixtieth (60th) day after the related Maturity Date, a refinancing commitment reasonably
acceptable to the Special Servicer, and the Mortgagor continues to make its Assumed Scheduled Payments (and no other Appraisal Reduction
Event has occurred with respect to that Mortgage Loan or Serviced Whole Loan), an Appraisal Reduction Event will not occur until the earlier
of (1) one hundred twenty (120) days beyond the related Maturity Date (or

    	 	14	 

    

    

extended Maturity Date) and (2) the termination
of the refinancing commitment, and (vii) immediately after such Mortgage Loan or related Companion Loan, as applicable, becomes an
REO Loan; provided that the thirty (30) day period referenced in clauses (iii) and (iv) shall not apply if the related Mortgage
Loan is a Specially Serviced Loan; provided, further, however, that an Appraisal Reduction Event shall not occur
at any time when the aggregate Certificate Balances of all Classes of Subordinate Certificates have been reduced to zero. The Special
Servicer shall notify the Master Servicer, the Directing Certificateholder and the Operating Advisor, or the Master Servicer shall notify
the Special Servicer and the Operating Advisor, as applicable, promptly upon such Person having notice or knowledge of the occurrence
of any of the foregoing events. The obligation to obtain an Appraisal following the occurrence of an Appraisal Reduction Event shall be
subject to the provisions of Section 4.05 hereof. Notwithstanding anything to the contrary in the definition of Appraisal
Reduction Event, no event, circumstance or action that has occurred or will occur with respect to a COVID Modified Loan (other than an
event described in clauses (iii), (iv), (v) or (vii) of this definition) or the entry into of a COVID Modification Agreement shall constitute
an Appraisal Reduction Event, but only if, and for so long as, the related Mortgagor is in compliance with the terms of the related COVID
Modification Agreement.

“Appraisal Review
Period”: As defined in Section 4.05(b)(ii).

“Appraised-Out
Class”: As defined in Section 4.05(b)(i).

“Appraised Value”:
With respect to any Mortgaged Property (other than a Non-Serviced Mortgaged Property), the appraised value thereof as determined by
the most recent Appraisal of the Mortgaged Property securing the related Mortgage Loan, Serviced Whole Loan or AB Whole Loan, as applicable,
and with respect to a Non-Serviced Mortgaged Property, the appraised value allocable thereto, as determined pursuant to the applicable
Non-Serviced PSA.

“Arbitration Rules”:
As defined in Section 2.03(n)(i).

“Arbitration Services
Provider”: As defined in Section 2.03(n)(i).

“ASR Consultation
Process”: As defined in Section 3.19(d).

“Asset-Level Basis”:
With respect to the Operating Advisor’s evaluation of the Special Servicer’s performance of its duties as they relate to the
resolution and/or liquidation of Specially Serviced Mortgage Loans taking into account the Special Servicer’s specific duties under
this Agreement as well as the extent to which those duties were performed in accordance with the Servicing Standard, with reasonable consideration
by the Operating Advisor of any assessment of compliance report, attestation report, Asset Status Report (during a Control Termination
Event), Final Asset Status Report and other information, in each case delivered to the Operating Advisor by the Special Servicer or made
available to Privileged Persons that are posted on the Certificate Administrator’s Website during the prior calendar year (together
with any additional information and material reviewed by the Operating Advisor) (other than any communications between the Directing Certificateholder
and the Special Servicer that would be Privileged Information) pursuant to this Agreement.

“Asset Representations
Reviewer”: Park Bridge Lender Services LLC, a New York limited liability company and an indirect wholly owned subsidiary of
Park Bridge Financial LLC,

    	 	15	 

    

    

and its successors in interest and assigns,
or any successor asset representations reviewer appointed as herein provided.

“Asset Representations
Reviewer Asset Review Fee”: As defined in Section 12.02(b).

“Asset Representations
Reviewer Fee”: As defined in Section 12.02(a).

“Asset Representations
Reviewer Fee Rate”: As defined in Section 12.02(a).

“Asset Representations
Reviewer Termination Event”: As defined in Section 12.05(a).

“Asset Review”:
As defined in Section 12.01(b)(iv).

“Asset Review Notice”:
As defined in Section 12.01(a).

“Asset Review Quorum”:
In connection with any solicitation of votes to authorize an Asset Review as described in Section 12.01(a), the Certificateholders
evidencing at least 5% of the aggregate Voting Rights represented by all Certificates.

“Asset Review Report”:
As defined in Section 12.01(b)(viii), a report setting forth the findings and conclusions of an Asset Review substantially
in the form attached hereto as Exhibit OO.

“Asset Review Report
Summary”: As defined in Section 12.01(b)(viii), a summary report setting forth the conclusions of an Asset Review
Report substantially in the form attached hereto as Exhibit PP.

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

“Asset Review Trigger”:
Any time that (1) Mortgage Loans having an aggregate outstanding principal balance of 25.0% or more of the aggregate outstanding principal
balance of all of the Mortgage Loans (including any REO Loans) (or a portion of any REO Loan in the case of a Whole Loan) held by the
Trust as of the end of the applicable Collection Period are Delinquent Loans or (2)(A) prior to and including the second anniversary
of the Closing Date, at least ten (10) Mortgage Loans are Delinquent Loans and the outstanding principal balance of such Delinquent Loans
in the aggregate constitutes at least 15.0% of the aggregate outstanding principal balance of all of the Mortgage Loans (including any
REO Loans (or a portion of any REO Loan in the case of a Whole Loan)) as of the end of the applicable Collection Period or (B) after
the second anniversary of the Closing Date, at least fifteen (15) Mortgage Loans are Delinquent Loans and the outstanding principal balance
of such Delinquent Loans in the aggregate constitutes at least 20.0% of the aggregate outstanding principal balance of all of the Mortgage
Loans (including any

    	 	16	 

    

    

REO Loans (or a portion of any REO Loan in
the case of a Whole Loan)) as of the end of the applicable Collection Period.

“Asset Review Vote
Election”: As defined in Section 12.01(a).

“Asset Status Report”:
As defined in Section 3.19(d).

“Assignment”
and “Assignments”: Each as defined in Section 2.01(c).

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

“Assignment of Mortgage”:
An assignment of Mortgage without recourse, notice of transfer or equivalent instrument, in recordable form, which is sufficient under
the laws of the jurisdiction in which the related Mortgaged Property is located to reflect of record the sale of the Mortgage, which assignment,
notice of transfer or equivalent instrument may be in the form of one or more blanket assignments covering Mortgages encumbering Mortgaged
Properties located in the same jurisdiction, if permitted by law and acceptable for recording.

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

“Authenticating
Agent”: The Certificate Administrator or any agent of the Certificate Administrator appointed to act as Authenticating Agent
pursuant to Section 5.02(a).

“Available Funds”:
With respect to any Distribution Date, an amount equal to the sum of (i) the Non-VRR Percentage of the Aggregate Available Funds for such
Distribution Date and (ii) the Non-VRR Gain-on-Sale Remittance Amount for such Distribution Date. Notwithstanding the investment of funds
held in the Collection Account pursuant to Section 3.06, for purposes of calculating the Available Funds, the amounts so invested
shall be deemed to remain on deposit in such accounts.

    	 	17	 

    

    

“Balloon Mortgage
Loan”: Any Mortgage Loan or Companion Loan that by its original terms or by virtue of any modification entered into as of the
Closing Date provides for an amortization schedule for such Mortgage Loan or Companion Loan extending beyond its Maturity Date.

“Balloon Payment”:
With respect to any Balloon Mortgage Loan, as of any date of determination, the Periodic Payment payable on the Maturity Date of such
Balloon Mortgage Loan.

“Bankruptcy Code”:
The federal Bankruptcy Code, as amended from time to time (Title 11 of the United States Code).

“Base Interest Fraction”:
As defined in Section 4.01(e).

“Book-Entry
Certificate”: Any Certificate registered in the name of the Depository or its nominee.

“Borrower Party”:
A borrower, a Mortgagor, a manager of a Mortgaged Property, an Accelerated Mezzanine Loan Lender, or any Borrower Party Affiliate.

“Borrower Party
Affiliate”: With respect to a borrower, a Mortgagor, a manager of a Mortgaged Property or an Accelerated Mezzanine Loan Lender,
(a) any other Person controlling or controlled by or under common control with such borrower, Mortgagor, manager or Accelerated Mezzanine
Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such borrower,
Mortgagor, manager or Accelerated Mezzanine Loan Lender, as applicable. For purposes of this definition, “control” when used
with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

“Breach”:
With respect to any Mortgage Loan, a breach of any representation or warranty with respect to such Mortgage Loan set forth in Section 6(c)
of the related Mortgage Loan Purchase Agreement.

“Business Day”:
Any day other than a Saturday, a Sunday or a day on which banking institutions in North Carolina, California, New York, Ohio, Kansas,
Pennsylvania or any of the jurisdictions in which the respective primary servicing offices of either the Master Servicer or the Special
Servicer or the Corporate Trust Offices of either the Certificate Administrator or the Trustee are located, or the New York Stock Exchange
or the Federal Reserve System of the United States of America, are authorized or obligated by law or executive order to remain closed.

“CERCLA”:
The Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended.

“Certificate”:
Any one of the Depositor’s Commercial Mortgage Pass-Through Certificates, Series 2022-B36, as executed and delivered by the
Certificate Registrar and authenticated and delivered hereunder by the Authenticating Agent. For the avoidance of doubt, the RR Interest
is not a Certificate.

    	 	18	 

    

    

“Certificate Administrator”:
Computershare Trust Company, National Association, in its capacity as certificate administrator, or if any successor certificate administrator
is appointed thereto pursuant to Section 5.08 or any successor certificate administrator appointed hereunder. Computershare
Trust Company, National Association will perform its duties as certificate administrator hereunder through its Corporate Trust Services
division (including, as applicable, any agents or affiliates utilized thereby).

“Certificate Administrator
Fee”: The fee to be paid to the Certificate Administrator as compensation for the Certificate Administrator’s activities
under this Agreement.

“Certificate Administrator
Fee Rate”: The Certificate Administrator Fee shall be equal to the product of the rate equal to 0.01055% per annum and
the Stated Principal Balance of the related Mortgage Loan (calculated in the same manner as interest is calculated on the related Mortgage
Loan) or REO Loan (including any Non-Serviced Mortgage Loan, but not the portion of an REO Loan related to any Companion Loan) as of the
preceding Distribution Date.

“Certificate Administrator’s
Website”: The Certificate Administrator’s Internet website, which shall initially be located at www.ctslink.com.

“Certificate Balance”:
With respect to any Class of Principal Balance Certificates or Class RR Certificates, (i) on or prior to the first Distribution
Date, an amount equal to the Original Certificate Balance of such Class, as specified in the Preliminary Statement hereto and (ii) as
of any date of determination after the first Distribution Date, the Certificate Balance of such Class of Certificates on the Distribution
Date immediately prior to such date of determination (determined as adjusted pursuant to Section 1.02(iii)).

“Certificate Factor”:
With respect to any Class of Certificates (other than the Class R Certificates), as of any date of determination, a fraction, expressed
as a decimal carried to at least eight (8) places, the numerator of which is the then related Certificate Balance or Notional Amount,
and the denominator of which is the related Original Certificate Balance.

“Certificate Owner”:
With respect to a Book-Entry Certificate, the Person who is the beneficial owner of such Certificate as reflected on the books of
the Depository or on the books of a Depository Participant or on the books of an indirect participating brokerage firm for which a Depository
Participant acts as agent.

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

“Certificateholder”
or “Holder”: The Person in whose name a Certificate (including the Class RR Certificates) is registered in the
Certificate Register or any beneficial owner thereof; provided, however, that solely for the purposes of giving any consent,
approval, waiver or taking any action pursuant to this Agreement, any Certificate (including the Class RR Certificates) registered
in the name of or beneficially owned by the Master Servicer, the Special Servicer (including, for the avoidance of doubt, any Excluded
Special Servicer), the Trustee, the Certificate Administrator, the Depositor, any Mortgage Loan Seller, a Borrower Party or any Sub-Servicer
(as applicable) or Affiliate of any of such Persons shall be deemed not to be outstanding (provided that notwithstanding the foregoing,
any Controlling Class Certificates owned by an

    	 	19	 

    

    

Excluded Controlling Class Holder shall not
be deemed to be outstanding as to such Excluded Controlling Class Holder solely with respect to any related Excluded Controlling Class
Loan; and provided, further, that any Controlling Class Certificates owned by the Special Servicer or an Affiliate thereof
shall not be deemed to be outstanding as to the Special Servicer or such Affiliate solely with respect to any related Excluded Special
Servicer Loan), and the Voting Rights to which it is entitled shall not be taken into account in determining whether the requisite percentage
of Voting Rights necessary to effect any such consent, approval, waiver or take any such action has been obtained; provided, however,
that the foregoing restrictions shall not apply in the case of the Master Servicer, the Special Servicer (including, for the avoidance
of doubt, any Excluded Special Servicer), the Trustee, the Certificate Administrator, the Depositor, any Mortgage Loan Seller or any Affiliate
of any of such Persons unless such consent, approval or waiver sought from such party would in any way increase its compensation or limit
its obligations in the named capacities hereunder or waive a Servicer Termination Event or trigger an Asset Review with respect to such
Mortgage Loan; provided, further, that so long as there is no Servicer Termination Event with respect to the Master Servicer
or the Special Servicer, the Master Servicer and the Special Servicer or such Affiliate of either shall be entitled to exercise such Voting
Rights with respect to any issue which could reasonably be believed to adversely affect such party’s compensation or increase its
obligations or liabilities hereunder; and provided, further, that such restrictions shall not apply to (i) the exercise
of the Special Servicer’s, the Master Servicer’s or any Mortgage Loan Seller’s rights, if any, or any of their Affiliates
as a member of the Controlling Class or (ii) any Affiliate of the Depositor, the Master Servicer, the Special Servicer, the Trustee,
or the Certificate Administrator that has provided an Investor Certification in which it has certified as to the existence of certain
policies and procedures restricting the flow of information between it and the Depositor, the Master Servicer, the Special Servicer, the
Trustee, or the Certificate Administrator, as applicable. The Trustee and the Certificate Administrator shall each be entitled to request
and rely upon a certificate of the Master Servicer, the Special Servicer or the Depositor in determining whether a Certificate is registered
in the name of an Affiliate of such Person. All references herein to “Holders” or “Certificateholders” shall reflect
the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and the Depository Participants, except
as otherwise specified herein; provided, however, that the parties hereto shall be required to recognize as a “Holder”
or “Certificateholder” only the Person in whose name a Certificate is registered in the Certificate Register. The Trustee
shall be the Holder of the Lower-Tier Regular Interests for the benefit of the Certificateholders and the RR Interest Owners.

“Certificateholder
Quorum”: The Holders of Certificates evidencing at least 50% of the aggregate Voting Rights (taking into account the application
of Realized Losses and, other than with respect to the termination of the Asset Representations Reviewer, the application of any Cumulative
Appraisal Reduction Amounts to notionally reduce the Certificate Balance of the Certificates) of all Principal Balance Certificates and
the Class RR Certificates on an aggregate basis.

“Certificateholder
Repurchase Request”: As defined in Section 2.03(k)(i).

“Certification Parties”:
As defined in Section 11.06.

“Certification Party”:
Any one of the Certification Parties.

    	 	20	 

    

    

“Certifying Person”:
As defined in Section 11.06.

“Certifying Servicer”:
As defined in Section 11.09.

“Class”:
With respect to any Certificates or Lower-Tier Regular Interests, all of the Certificates bearing the same alphabetical (and, if applicable,
numerical) Class designation, and each designated Lower-Tier Regular Interest.

“Class A Certificate”:
Any Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB and Class A-S Certificate.

“Class A-1
Certificate”: A Certificate designated as “Class A-1” on the face thereof, in the form of Exhibit A-1
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class A-1
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 4.1406%.

“Class A-2
Certificate”: A Certificate designated as “Class A-2” on the face thereof, in the form of Exhibit A-2
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class A-2
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 4.6590%.

“Class A-4
Certificate”: A Certificate designated as “Class A-4” on the face thereof, in the form of Exhibit A-3
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class A-4
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 4.2038%.

“Class A-5
Certificate”: A Certificate designated as “Class A-5” on the face thereof, in the form of Exhibit A-4
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class A-5
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the lesser of (i)
4.4699% and (ii) the Weighted Average Net Mortgage Rate for such Distribution Date.

“Class A-S
Certificate”: A Certificate designated as “Class A-S” on the face thereof, in the form of Exhibit A-14
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class A-S
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the lesser of (i) 4.9505%
and (ii) the Weighted Average Net Mortgage Rate for such Distribution Date.

    	 	21	 

    

    

“Class A-SB
Certificate”: A Certificate designated as “Class A-SB” on the face thereof, in the form of Exhibit A-5
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class A-SB
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to the lesser of (i) 4.5894%
and (ii) the Weighted Average Net Mortgage Rate for such Distribution Date.

“Class A-SB
Planned Principal Balance”: With respect to any Distribution Date, the planned principal amount for such Distribution Date specified
in Schedule 2 hereto relating to the Class A-SB Certificates.

“Class B Certificate”:
A Certificate designated as “Class B” on the face thereof, in the form of Exhibit A-15 hereto, and evidencing
a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class B Pass-Through
Rate”: With respect to any Distribution Date, a per annum rate equal to the lesser of (i) 4.8695% and (ii)
the Weighted Average Net Mortgage Rate for such Distribution Date.

“Class C Certificate”:
A Certificate designated as “Class C” on the face thereof, in the form of Exhibit A-16 hereto, and evidencing
a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class C Pass-Through
Rate”: With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate for such
Distribution Date.

“Class D Certificate”:
A Certificate designated as “Class D” on the face thereof, in the form of Exhibit A-17 hereto, and evidencing
a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class D Pass-Through
Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 2.5000%.

“Class E Certificate”:
A Certificate designated as “Class E” on the face thereof, in the form of Exhibit A-18 hereto, and evidencing
a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class E Pass-Through
Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of 2.5000%.

“Class F Certificate”:
A Certificate designated as “Class F” on the face thereof, in the form of Exhibit A-19 hereto, and evidencing
a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class F Pass-Through
Rate”: With respect to any Distribution Date, per annum rate equal to (i) the Weighted Average Net Mortgage Rate
minus (ii) 1.5000%, but in any case, not less than 0.000%.

    	 	22	 

    

    

“Class G Certificate”:
A Certificate designated as “Class G” on the face thereof, in the form of Exhibit A-20 hereto, and evidencing
a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class G Pass-Through
Rate”: With respect to any Distribution Date, per annum rate equal to (i) the Weighted Average Net Mortgage Rate
minus (ii) 1.5000%, but in any case, not less than 0.000%.

“Class H Certificate”:
A Certificate designated as “Class H” on the face thereof, in the form of Exhibit A-21 hereto, and evidencing
a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class H Pass-Through
Rate”: With respect to any Distribution Date, per annum rate equal to (i) the Weighted Average Net Mortgage Rate
minus (ii) 1.5000%, but in any case, not less than 0.000%.

“Class J Certificate”:
A Certificate designated as “Class J” on the face thereof, in the form of Exhibit A-22 hereto, and evidencing
a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class J Pass-Through
Rate”: With respect to any Distribution Date, per annum rate equal to (i) the Weighted Average Net Mortgage Rate
minus (ii) 1.5000%, but in any case, not less than 0.000%.

“Class K Certificate”:
A Certificate designated as “Class K” on the face thereof, in the form of Exhibit A-23 hereto, and evidencing a “regular
interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class K Pass-Through
Rate”: With respect to any Distribution Date, per annum rate equal to (i) the Weighted Average Net Mortgage Rate
minus (ii) 1.5000%, but in any case, not less than 0.000%.

“Class LA1
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier
REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement
hereto.

“Class LA2
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier
REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement
hereto.

“Class LA4
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier
REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement
hereto.

    	 	23	 

    

    

“Class LA5
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier
REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement
hereto.

“Class LAS
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier
REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement
hereto.

“Class LASB
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier
REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement
hereto.

“Class LB Uncertificated
Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC
and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

“Class LC Uncertificated
Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC
and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

“Class LD Uncertificated
Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC
and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

“Class LE Uncertificated
Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC
and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

“Class LF Uncertificated
Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC
and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

“Class LG Uncertificated
Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC
and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

“Class LH Uncertificated
Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC
and having the Original

    	 	24	 

    

    

Lower-Tier Principal Amount and per
annum rate of interest set forth in the Preliminary Statement hereto.

“Class LJ Uncertificated
Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC
and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

“Class LK Uncertificated
Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC
and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

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

“Class LRR
Uncertificated Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier
REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement
hereto.

“Class R Certificate”:
A Certificate designated as “Class R” on the face thereof in the form of Exhibit A-24 hereto, and evidencing
the sole class of “residual interests” in each Trust REMIC for purposes of the REMIC Provisions.

“Class RR Certificate”:
A Certificate designated as “Class RR” on the face thereof, in the form of Exhibit A-25 hereto, and evidencing a “regular
interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

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

“Class X Certificates”:
The Class X-A, Class X-B, Class X-D, Class X-F, Class X-G, Class X-H, Class X-J, and Class X-K Certificates,
as the context may require.

“Class X-A
Certificate”: A Certificate designated as “Class X-A” on the face thereof, in the form of Exhibit A-6
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class X-A
Notional Amount”: As of any date of determination, the aggregate of the Certificate Balances of the Class A Certificates.

“Class X-A
Pass-Through Rate”: The Pass-Through Rate for Class X-A Certificates for any Distribution Date will be a per annum
rate equal to the excess, if any, of (a) the Weighted Average Net Mortgage Rate for the related Distribution Date, over (b) the
weighted average of the Pass-Through Rates on the Class A Certificates for such Distribution Date, weighted on the basis of their
respective Certificate Balances immediately prior to that Distribution Date.

    	 	25	 

    

    

The Pass-Through Rate applicable to the Class X-A
Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

“Class X-B
Certificate”: A Certificate designated as “Class X-B” on the face thereof, in the form of Exhibit A-7
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class X-B
Notional Amount”: As of any date of determination, the aggregate of the Certificate Balance of the Class B Certificates.

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

“Class X-D
Certificate”: A Certificate designated as “Class X-D” on the face thereof, in the form of Exhibit A-8
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class X-D
Notional Amount”: As of any date of determination, the aggregate of the Certificate Balance of the Class D and Class E
Certificates.

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

“Class X-F
Certificate”: A Certificate designated as “Class X-F” on the face thereof, in the form of Exhibit A-9
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class X-F
Notional Amount”: As of any date of determination, the aggregate Certificate Balance of the Class F Certificates.

“Class X-F
Pass-Through Rate”: The Pass-Through Rate for Class X-F Certificates for any Distribution Date will be a per annum
rate equal to the excess, if any, of (a) the Weighted Average Net Mortgage Rate for the related Distribution Date, over (b) the
Pass-Through Rate on the Class F Certificates for such Distribution Date. The Pass-Through Rate applicable to the Class X-F
Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

    	 	26	 

    

    

“Class X-G
Certificate”: A Certificate designated as “Class X-G” on the face thereof, in the form of Exhibit A-10
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class X-G
Notional Amount”: As of any date of determination, the aggregate Certificate Balance of the Class G Certificates.

“Class X-G
Pass-Through Rate”: The Pass-Through Rate for Class X-G Certificates for any Distribution Date will be a per annum
rate equal to the excess, if any, of (a) the Weighted Average Net Mortgage Rate for the related Distribution Date, over (b) the
Pass-Through Rate on the Class G Certificates for such Distribution Date. The Pass-Through Rate applicable to the Class X-G
Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

“Class X-H
Certificate”: A Certificate designated as “Class X-H” on the face thereof, in the form of Exhibit A-11
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class X-H
Notional Amount”: As of any date of determination, the Certificate Balance of the Class H Certificates.

“Class X-H
Pass-Through Rate”: The Pass-Through Rate for Class X-H Certificates for any Distribution Date will be a per annum
rate equal to the excess, if any, of (a) the Weighted Average Net Mortgage Rate for the related Distribution Date, over (b) the
Pass-Through Rate on the Class H Certificates for such Distribution Date. The Pass-Through Rate applicable to the Class X-H Certificates
for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

“Class X-J
Certificate”: A Certificate designated as “Class X-J” on the face thereof, in the form of Exhibit A-12
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class X-J
Notional Amount”: As of any date of determination, the aggregate Certificate Balance of the Class J Certificates.

“Class X-J
Pass-Through Rate”: The Pass-Through Rate for Class X-J Certificates for any Distribution Date will be a per annum
rate equal to the excess, if any, of (a) the Weighted Average Net Mortgage Rate for the related Distribution Date, over (b) the
Pass-Through Rates on the Class J Certificates for such Distribution Date. The Pass-Through Rate applicable to the Class X-J
Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

“Class X-K
Certificate”: A Certificate designated as “Class X-K” on the face thereof, in the form of Exhibit A-13
hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions.

“Class X-K
Notional Amount”: As of any date of determination, the aggregate Certificate Balance of the Class K Certificates.

    	 	27	 

    

    

“Class X-J
Pass-Through Rate”: The Pass-Through Rate for Class X-K Certificates for any Distribution Date will be a per annum
rate equal to the excess, if any, of (a) the Weighted Average Net Mortgage Rate for the related Distribution Date, over (b) the
Pass-Through Rates on the Class K Certificates for such Distribution Date. The Pass-Through Rate applicable to the Class X-K
Certificates for the initial Distribution Date shall be the rate set forth in the Preliminary Statement hereto.

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

“Clearstream”:
Clearstream Banking, Luxembourg or any successor thereto.

“Closing Date”:
August 23, 2022.

“CMBS”:
Commercial mortgage-backed securities.

“Code”:
The Internal Revenue Code of 1986, as amended from time to time, and applicable final or temporary regulations of the U.S. Department
of the Treasury issued pursuant thereto.

“Collateral Deficiency
Amount” With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance
of such AB Modified Loan (taking into account the related junior note(s) and any pari passu notes included therein), over (ii)
the sum of (in the case of a Whole Loan, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value
for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such
Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination,
any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification
related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided that in the
case of a Non-Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant
information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the
immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Master
Servicer, the Operating Advisor and the Certificate Administrator shall be entitled to conclusively rely on the Special Servicer’s
calculation or determination of any Collateral Deficiency Amount.

“Collection Account”:
A segregated custodial account or accounts created and maintained by the Master Servicer pursuant to Section 3.04(a) on behalf
of the Trustee for the benefit of the Certificateholders and the RR Interest Owners, which shall be entitled “Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer, on behalf of Wilmington Trust, National Association, as Trustee, for
the benefit of the registered holders of Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36
and the RR Interest Owners, Collection Account”. Any such account or accounts shall be an Eligible Account. Subject to the related
Intercreditor Agreement and taking into account that each Companion Loan is subordinate or pari passu, as applicable, to the related
Serviced

    	 	28	 

    

    

Mortgage Loan to the extent set forth in the
related Intercreditor Agreement, the subaccount described in the second paragraph of Section 3.04(b) that is part of the Collection
Account shall be for the benefit of the related Companion Holder, to the extent funds on deposit in such subaccount are attributed to
such Companion Loan and shall not be an asset of the Trust or any Trust REMIC formed hereunder.

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

“Commission”:
The Securities and Exchange Commission.

“Companion Distribution
Account”: With respect to any Serviced Companion Loan, the separate account created and maintained by the Companion Paying Agent
pursuant to Section 3.04(b) and held on behalf of the Companion Holders, which shall be entitled “Midland Loan Services,
a Division of PNC Bank, National Association, as Companion Paying Agent, for the benefit of the Companion Holders of the Companion Loans,
relating to the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36”. The Companion
Distribution Account shall not be an asset of the Trust, any Trust REMIC, but instead shall be held by the Companion Paying Agent on behalf
of the Companion Holders. Any such account shall be an Eligible Account. Notwithstanding the foregoing, if the Master Servicer and the
Companion Paying Agent are the same entity, the Companion Distribution Account may be the subaccount referenced in the second paragraph
of Section 3.04(b).

“Companion Holders”:
Each of the holders of record of any Companion Loan.

“Companion Loan(s)”:
With respect to any Mortgage Loan, any other mortgage loan that is secured by the same Mortgage(s) encumbering the same Mortgaged Property
or portfolio of Mortgaged Properties as such Mortgage Loan. For the avoidance of doubt, the Companion Loans are not included in the Trust.

“Companion Paying
Agent”: With respect to the Serviced Companion Loans, if any, the Master Servicer in its role as Companion Paying Agent appointed
pursuant to Section 3.27.

“Companion Register”:
The register maintained by the Companion Paying Agent pursuant to Section 3.28.

“Compensating Interest
Payments”: An amount as of any Distribution Date equal to the lesser of (i) the aggregate amount of Prepayment Interest
Shortfalls incurred in connection

    	 	29	 

    

    

with voluntary principal prepayments received
in respect of the Mortgage Loans (other than Non-Serviced Mortgage Loans) and any related Serviced Pari Passu Companion Loans (in each
case other than any Specially Serviced Loan or any Mortgage Loan, or any related Serviced Pari Passu Companion Loan on which the Special
Servicer allowed a prepayment on a date other than the applicable Due Date) for the related Distribution Date and (ii) the aggregate
of (A) that portion of the Master Servicer’s Servicing Fees for such Distribution Date that is, in the case of each Mortgage
Loan, Serviced Pari Passu Companion Loan and REO Loan for which Servicing Fees are being paid for such Collection Period, calculated at
(i) a rate of 0.00125% per annum for each Mortgage Loan, Serviced Pari Passu Companion Loan and REO Loan not referred to in this
clause (A)(ii) hereof, or (ii) a rate of 0.000625% per annum for each Mortgage Loan, Serviced Pari Passu Companion Loan and REO
Loan where certain servicing functions are performed by an Initial Sub-Servicer, (B) all Prepayment Interest Excesses received by
the Master Servicer during such Collection Period with respect to the Mortgage Loans (and, so long as a Serviced Whole Loan is serviced
hereunder, the related Serviced Pari Passu Companion Loan) subject to such prepayment and (C) to the extent earned on principal prepayments,
net investment earnings payable to the Master Servicer for such Collection Period received by the Master Servicer during such Collection
Period with respect to the Mortgage Loan or any related Serviced Pari Passu Companion Loan, as applicable, subject to such prepayment.
In no event shall the rights of the Certificateholders or the RR Interest Owners to the offset of the aggregate Prepayment Interest Shortfalls
be cumulative. However, if a Prepayment Interest Shortfall occurs with respect to a Mortgage Loan or Serviced Whole Loan as a result of
the Master Servicer allowing the related Mortgagor to deviate (a “Prohibited Prepayment”) from the terms of the related
Mortgage Loan or Serviced Whole Loan documents regarding Principal Prepayments (other than (V) any Non-Serviced Mortgage Loan, (W) subsequent
to a default under the related Mortgage Loan documents or if the Mortgage Loan or Serviced Whole Loan is a Specially Serviced Loan, (X)
pursuant to applicable law or a court order or otherwise in such circumstances where the Master Servicer is required to accept such Principal
Prepayment in accordance with the Servicing Standard, (Y) at the request or with the consent of the Special Servicer and so long as a
Control Termination Event has not occurred or is not continuing (other than with respect to an Excluded Loan), the Directing Certificateholder
or (Z) in connection with the payment of any Insurance and Condemnation Proceeds), then for purposes of calculating the Compensating Interest
Payment for the related Distribution Date, the Master Servicer shall pay, without regard to clause (ii) above, the aggregate
amount of Prepayment Interest Shortfalls with respect to such Mortgage Loan or Serviced Whole Loan, otherwise described in clause (i)
above in connection with such Prohibited Prepayments.

For the avoidance of doubt,
Compensating Interest Payments with respect to each Serviced Whole Loan shall be allocated among the related Mortgage Loan and related
Serviced Pari Passu Companion Loan(s), pro rata, in accordance with their respective principal balances.

“Consultation Termination
Event”: At any date at which (a) with respect to any Mortgage Loan (other than with respect to any Serviced AB Whole Loan)
no Class of Control Eligible Certificates exists where such Class’s aggregate Certificate Balance is at least equal to 25% of the
Original Certificate Balance of that Class, in each case without regard to the application of any Cumulative Appraisal Reduction Amounts;
and (b) with respect to any Serviced AB Whole Loan, when the related Control Appraisal Period has occurred and is continuing and when
the events in clause (a) above are occurring; provided, that prior to the applicable Servicing Shift Securitization Date, no Consultation
Termination Event may occur with respect to the Loan-

    	 	30	 

    

    

Specific Directing Certificateholder related
to the any Servicing Shift Whole Loan and the term “Consultation Termination Event” shall not be applicable to the Loan-Specific
Directing Certificateholder related to such Servicing Shift Whole Loan; provided, further, that a Consultation Termination
Event shall not be deemed to be continuing in the event the Certificate Balances of the Certificates (other than the Control Eligible
Certificates and the Class RR Certificates) have been reduced to zero; provided, further, that with respect to any Excluded
Loan, a Consultation Termination Event shall be deemed to exist with respect to such Excluded Loan at all times.

“Control Eligible
Certificates”: Any of the Class H, Class J and Class K Certificates.

“Control Termination
Event”: The occurrence of (a) with respect to any Mortgage Loan (other than any Serviced AB Whole Loan), when the Certificate
Balance of the Class H Certificates (taking into account the application of any Cumulative Appraisal Reduction Amounts to notionally reduce
the Certificate Balance of such Class in accordance with Section 4.05(a) hereof) being reduced to less than 25% of the Original
Certificate Balance of such Class; and (b) with respect to any Serviced AB Whole Loan, when the related Control Appraisal Period has occurred
and is continuing and when the event in clause (a) above are occurring; provided, that prior to the applicable Servicing Shift
Securitization Date, no Control Termination Event may occur with respect to the Loan-Specific Directing Certificateholder related to the
related Servicing Shift Whole Loan and the term “Control Termination Event” shall not be applicable to the Loan-Specific Directing
Certificateholder related to such Servicing Shift Whole Loan; provided, further, that a Control Termination Event shall
not be deemed to be continuing in the event the Certificate Balances of the Certificates (other than the Control Eligible Certificates
and the Class RR Certificates) have been reduced to zero. With respect to any Excluded Loan, a Control Termination Event shall be deemed
to exist with respect to such Excluded Loan at all times.

“Controlling Class”:
As of any date of determination, the most subordinate Class of Control Eligible Certificates then outstanding that has a then aggregate
Certificate Balance as notionally reduced by any Cumulative Appraisal Reduction Amounts allocable to such Class in accordance with Section 4.05(a),
at least equal to 25% of the Original Certificate Balance of that Class; provided that if at any time the Certificate Balances
of the Certificates (other than the Control Eligible Certificates and the Class RR Certificates) have been reduced to zero as a result
of the allocation of principal payments on the Mortgage Loans, then the Controlling Class shall be the most subordinate Class among the
Control Eligible Certificates that has an aggregate Certificate Balance greater than zero without regard to any Cumulative Appraisal Reduction
Amounts. The Controlling Class as of the Closing Date will be the Class K Certificates.

“Controlling Class
Certificateholders”: Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class as determined
by the Certificate Registrar, from time to time, upon request by any party hereto. The Trustee, the Master Servicer, the Special Servicer
or the Operating Advisor may from time to time request (the cost of which being an expense of the Trust) that the Certificate Administrator
provide a list of the Holders (or Certificate Owners, if applicable) of the Controlling Class and the Certificate Administrator shall
promptly provide such list without charge to such Trustee, Master Servicer, Operating Advisor or Special Servicer, as applicable. The
Trustee, the Master Servicer, the Special Servicer and the Operating Advisor shall be entitled to rely on any such list so provided.

    	 	31	 

    

    

“Conveyed Property”:
As defined in Section 2.01(a).

“Corporate Trust
Office”: The principal corporate trust office of the Trustee and the Certificate Administrator at which at any particular time
its corporate trust business with respect to this Agreement shall be administered, which office at the date of the execution of this Agreement
is located (i) with respect to Certificate transfers and surrenders, at Computershare Trust Company, National Association, 600 South
4th Street, 7th Floor, Minneapolis, Minnesota 55415, Attention: Certificate Transfer Services (CMBS) Benchmark 2022-B36,
(ii) for all other purposes, to the Certificate Administrator at 9062 Old Annapolis Road, Columbia, Maryland, 21045, Attention: Corporate
Trust Services (CMBS), Benchmark – Commercial Mortgage Securities Trust 2022-B36 and (iii) with respect to the Trustee, at 1100
North Market Street, Wilmington, Delaware 19890, Attention: CMBS Trustee Benchmark 2022-B36.

“Corrected Loan”:
Any Specially Serviced Loan (A) that (a) with respect to the circumstances described in clauses (i), (ii) and (iii) of the definition
of Servicing Transfer Event, the related Mortgagor thereunder has brought such Mortgage Loan or Companion Loan current and thereafter
made three (3) consecutive full and timely Periodic Payments, including pursuant to any workout of such Mortgage Loan or Serviced Companion
Loan, when (b) with respect to the circumstances described in clauses (iv), (v), (vi), (vii), (ix) and (x) of the definition
of Servicing Transfer Event, such circumstances cease to exist in the good faith judgment of the Special Servicer, or when (c) with
respect to the circumstances described in clause (viii) of the definition of Servicing Transfer Event, such default is cured (as
determined by the Special Servicer in accordance with the Servicing Standard) or waived by the Special Servicer, and (B) (provided
that at that time no other Servicing Transfer Event exists that would cause such Mortgage Loan or Companion Loan to continue to be characterized
as a Specially Serviced Loan) the servicing of which the Special Servicer has returned to the Master Servicer pursuant to Section 3.19(a).

“COVID Emergency”:
The national emergency concerning the novel coronavirus disease (COVID-19) outbreak declared by the President on March 13, 2020 under
the National Emergencies Act (50 U.S.C. 1601 et seq.).

“COVID Modification”:
A modification of, or forbearance or waiver in respect of, a Mortgage Loan that satisfies each of the following conditions:

(i)               
prior to the modification or forbearance or waiver, the related Mortgagor certified to the Special Servicer that it is seeking
limited relief from the terms of the related Mortgage Loan documents because it is experiencing a financial hardship due, directly or
indirectly, to the COVID Emergency;

(ii)               the
related modification or forbearance or waiver provides for (a) the temporary forbearance, waiver or deferral with respect to payment
obligations or operating covenants, (b) the temporary alternative use of funds on deposit in any reserve account or escrow account for
any purpose other than the explicit purpose provided for in the related Mortgage Loan documents, or (c) such other modifications, forbearance
or waiver that is related or incidental to clause (a) or clause (b) as may be reasonably determined by the Special Servicer in accordance

    	 	32	 

    

    

with the Servicing Standard to address
a financial hardship due, directly or indirectly, to the COVID Emergency;

(iii)               the
related COVID Modification Agreement is entered into no later than the date that is three (3) months following the cancellation of the
COVID Emergency;

(iv)              if
a default or event of default existed under the Mortgage Loan prior to the modification or forbearance or waiver, the related COVID Modification
Agreement provides that such default or event of default is cured or deemed no longer outstanding;

(v)              
any COVID Modification Agreement (a) does not defer more than 3 monthly debt service payments under the Mortgage Loan (and no more
than 9 monthly debt service payments in the aggregate with any other COVID Modification relating to such Mortgage Loan), and (b) requires
that any payments deferred in accordance with clause (ii)(a) above or reserve or escrow amounts used for alternate purposes in accordance
with clause (ii)(b) above are repaid or restored in full within 21 months of the date of the first COVID Modification Agreement with respect
to such Mortgage Loan; and

(vi)               the
related COVID Modification Agreement may (but shall not be required to) provide that (a) the Mortgage Loan will be full recourse to the
Mortgagor (and that such recourse obligation is a guaranteed obligation under the related borrower sponsor guaranty) if the certification
described in clause (i) is false or misleading, and/or (b) that a cash trap or sweep event will be deemed to have occurred under the
terms of the Mortgage Loan documents.

“COVID Modification
Agreement”: The agreement or agreements pursuant to which a COVID Modification is effected.

“COVID Modification
Fees”: As defined in Section 3.08(b).

“COVID Modified
Loan”: A Serviced Mortgage Loan and, if applicable, any related Serviced Companion Loan, that is subject to a COVID Modification.

“CREFC®”:
The Commercial Real Estate Finance Council®, or any successor organization reasonably acceptable to the Certificate Administrator,
the Master Servicer, the Special Servicer and, prior to the occurrence and continuance of a Control Termination Event, the Directing Certificateholder.

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

    	 	33	 

    

    

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

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

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

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

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

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

“CREFC®
Historical Bond/Collateral Realized Loss Reconciliation Template”: A report substantially in the form of, and containing the
information called for in, the downloadable form of the “Historical Bond/Collateral Realized Loss Reconciliation Template”
available and effective from time to time on the CREFC® Website.

“CREFC®
Historical Liquidation Loss Template”: A report substantially in the form of, and containing the information called for in,
the downloadable form of the “Historical Liquidation Loss Template” available and effective from time to time on the CREFC®
Website.

“CREFC®
Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report”: The monthly report in the “Historical Loan
Modification/Forbearance and Corrected Mortgage Loan Report” format substantially in the form of and containing the information
called for therein for the Mortgage Loans, or such other form for the presentation of

    	 	34	 

    

    

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

“CREFC®
Intellectual Property Royalty License Fee”: With respect to each Mortgage Loan and REO Loan (other than the portion of an REO
Loan related to any Serviced Companion Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period
at the CREFC® Intellectual Property Royalty License Fee Rate on the Stated Principal Balance of such Mortgage Loan or REO
Loan as of the close of business on the Distribution Date in such Interest Accrual Period; provided that such amounts shall be
computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on
the related Mortgage Loan or REO Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC®
Intellectual Property Royalty License Fee shall be deemed payable by the Master Servicer from the Lower-Tier REMIC.

“CREFC®
Intellectual Property Royalty License Fee Rate”: With respect to each Mortgage Loan and REO Loan, a rate equal to 0.00050% per
annum.

“CREFC®
Interest Shortfall Reconciliation Template”: A report substantially in the form of, and containing the information called for
in, the downloadable form of the “Interest Shortfall Reconciliation Template” available and effective from time to time on
the CREFC® Website.

“CREFC®
Investor Reporting Package”: The collection of reports specified by the CREFC® from time to time as the “CREFC®
Investor Reporting Package.” The CREFC® Investor Reporting Package shall be substantially in the form of, and containing
the information called for in, the downloadable forms of the “CREFC® IRP” available as of the Closing Date
on the CREFC® Website, or such other form for the presentation of such information and containing such additional information
or reports as may from time to time be approved by the CREFC® for commercial mortgage backed securities transactions generally.
For the purposes of the production of the CREFC® Comparative Financial Status Report by the Master Servicer or the Special
Servicer of any such report that is required to state information for any period prior to the Cut-off Date, the Master Servicer or
the Special Servicer, as the case may be, may conclusively rely (without independent verification), absent manifest error, on information
provided to it by the Mortgage Loan Sellers or by the related Mortgagor or (x) in the case of such a report produced by the Master
Servicer, by the Special Servicer (if other than the Master Servicer or an Affiliate thereof) and (y) in the case of such a report
produced by the Special Servicer, by the Master Servicer (if other than the Special Servicer or an Affiliate thereof).

“CREFC®
License Agreement”: The License Agreement, in the form set forth on the website of CREFC® on the Closing Date,
relating to the use of the CREFC® trademarks and trade names.

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

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

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

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

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

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

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

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

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

    	 	36	 

    

    

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

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

“CREFC®
Schedule AL File”: The data file in the “Schedule AL File” format substantially in the form of and containing
the information called for by Item 1111(h)(3) or Item 1125 of Regulation AB or Item 601(b)(102) of Regulation S-K under the Securities
Act with respect to the Mortgage Loans, or such other form of presentation as may be approved from time to time by the CREFC®
for commercial mortgage securities transactions generally, which in any case shall include all information required by Item 1111(h)(3)
or Item 1125 of Regulation AB or Item 601(b)(102) of Regulation S-K under the Securities Act.

“CREFC®
Servicer Realized Loss Template”: A report substantially in the form of, and containing the information called for in, the downloadable
form of the “Servicer Realized Loss Template” available and effective from time to time on the CREFC® Website.

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

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

“CREFC®
Total Loan Report”: A monthly report substantially in the form of, and containing the information called for in, the downloadable
form of the “Total Loan Report” available as of the Closing Date on the CREFC® Website, or in such other form
for the presentation of such information and containing such additional information as may from time to time be adopted by the CREFC®
for commercial mortgage-backed securities transactions and is reasonably acceptable to the Master Servicer.

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

“CREFI”:
Citi Real Estate Funding Inc., a New York corporation.

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“Cross-Over
Date”: The Distribution Date on which the Certificate Balances of the Subordinate Certificates have all previously been reduced
to zero as a result of the allocation of Non-VRR Realized Losses to such Certificates.

“Crossed Mortgage
Loan Group”: With respect to (i) any Mortgage Loan that consists of more than one commercial mortgage loan, the underlying
group of loans that are cross-collateralized and cross-defaulted with each other and (ii) any two or more individual Mortgage
Loans that are cross-collateralized and cross-defaulted with each other, such cross-collateralized and cross-defaulted
Mortgage Loans. For the avoidance of doubt, there is no Crossed Mortgage Loan Group in the Trust Fund.

“Crossed Underlying
Loan”: With respect to any Crossed Mortgage Loan Group, a Mortgage Loan that is cross-collateralized and cross-defaulted
with one or more other Mortgage Loans within such Crossed Mortgage Loan Group. For the avoidance of doubt, there is no Crossed Underlying
Loan in the Trust Fund.

“Crossed Underlying
Loan Repurchase Criteria”: With respect to any Crossed Mortgage Loan Group as to which one or more (but not all) of the Crossed
Underlying Loans therein are affected by a Material Defect (the Crossed Underlying Loan(s) in such Crossed Mortgage Loan Group affected
by such Material Defect, for purposes of this definition, the “affected Crossed Underlying Loans” and the other Crossed Underlying
Loan(s) in such Crossed Mortgage Loan Group, for purposes of this definition, the “remaining Crossed Underlying Loans”) (i) the
weighted average Debt Service Coverage Ratio for all the remaining Crossed Underlying Loans for the four most recently reported calendar
quarters preceding the repurchase or substitution shall not be less than the greater of (a) the weighted average Debt Service Coverage
Ratio for the entire such Crossed Mortgage Loan Group, including the affected Crossed Underlying Loan(s), for the four most recently reported
calendar quarters preceding the repurchase or substitution, and (b) 1.25x, (ii) the weighted average LTV Ratio for all the remaining
Crossed Underlying Loans determined at the time of repurchase or substitution based upon an Appraisal obtained by the Special Servicer
at the expense of the related Mortgage Loan Seller shall not be greater than the least of (a) the weighted average LTV Ratio for
the entire such Crossed Mortgage Loan Group, including the affected Crossed Underlying Loan(s), determined at the time of repurchase or
substitution based upon an Appraisal obtained by the Special Servicer at the expense of the related Mortgage Loan Seller, (b) the
weighted average LTV Ratio for the entire such Crossed Mortgage Loan Group, including the affected Crossed Underlying Loan(s), as of the
Cut-off Date and (c) 75%, (iii) the related Mortgage Loan Seller, at its expense, shall have furnished the Trustee and the
Certificate Administrator with an Opinion of Counsel that any modification relating to the repurchase or substitution of a Crossed Underlying
Loan shall not cause an Adverse REMIC Event to occur, (iv) the related Mortgage Loan Seller causes the affected Crossed Underlying
Loan to become not cross-collateralized and cross-defaulted with the remaining related Crossed Underlying Loans prior to such
repurchase or substitution or otherwise forbears from exercising enforcement rights against the Primary Collateral for any Crossed Underlying
Loan(s) remaining in the Trust (while the Trust forbears from exercising enforcement rights against the Primary Collateral for the Mortgage
Loan removed from the Trust) and (v) (other than with respect to any Excluded Loan) unless a Control Termination Event has occurred
and is continuing, the Directing Certificateholder shall have consented to the repurchase or substitution

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of the affected Crossed Underlying Loan, which
consent shall not be unreasonably withheld, conditioned or delayed.

“Cure/Contest Period”:
As defined in Section 12.01(b)(vii).

“Cumulative Appraisal
Reduction Amount”: As of any date of determination, the sum of (i) with respect to any Mortgage Loan, all Appraisal Reduction
Amounts then in effect, and (ii) with respect to any AB Modified Loan, any Collateral Deficiency Amount then in effect. The Special Servicer
and the Certificate Administrator shall be entitled to conclusively rely on the Master Servicer’s calculation or determination of
any Cumulative Appraisal Reduction Amount.

“Custodial Exception
Report”: As defined in Section 2.02(b).

“Custodian”:
A Person who is at any time appointed by the Trustee pursuant to Section 8.11 as a document custodian for the Mortgage Files,
which Person shall not be the Depositor, any of the Mortgage Loan Sellers or an Affiliate of any of them. The Certificate Administrator
shall be the initial Custodian. Computershare Trust Company, National Association will perform its duties as Custodian hereunder through
its Document Custody division.

“Cut-off Date”:
With respect to each Mortgage Loan, the related Due Date of such Mortgage Loan in August 2022, or with respect to any Mortgage Loan that
has its first Due Date after August 2022, the date that would have otherwise been the related Due Date in August 2022.

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

“DBNY”:
Deutsche Bank AG, New York Branch, a German Bank, authorized by the New York State Department of Financial Services.

“DBRI”:
DBR Investments Co. Limited, a Cayman Islands exempted company incorporated in the Cayman Islands.

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

“Debt Service Coverage
Ratio”: With respect to any Mortgage Loan, for any twelve-month period covered by an annual operating statement for the
related Mortgaged Property, the ratio of (i) Net Operating Income produced by the related Mortgaged Property during such period to
(ii) the aggregate amount of Periodic Payments (other than any Balloon Payment) due under such Mortgage Loan during such period;
provided that with respect to the Mortgage Loans identified on Annex A-1 to the Prospectus as paying interest only for
a specified period of time set forth in the related Mortgage Loan documents and then paying principal and interest, the related

    	 	39	 

    

    

Periodic Payment will be calculated (for purposes
of this definition only) to include interest and principal (based on the remaining amortization term).

“Default Interest”:
With respect to any Mortgage Loan or Companion Loan, all interest accrued in respect of such Mortgage Loan or Companion Loan during such
Collection Period provided for in the related Mortgage Note or Mortgage as a result of a default (exclusive of late payment charges) that
is in excess of interest at the related Mortgage Rate accrued on the unpaid principal balance of such Mortgage Loan or Companion Loan
outstanding from time to time.

“Defaulted Loan”:
A Mortgage Loan (other than a Non-Serviced Mortgage Loan) or a Serviced Whole Loan (i) that is delinquent at least sixty (60) days
in respect of its Periodic Payments or delinquent in respect of its Balloon Payment, if any; provided that in respect of a Balloon
Payment, such period shall be sixty (60) days if the related Mortgagor has provided the Master Servicer or the Special Servicer with a
written and fully executed commitment or otherwise binding application for refinancing of the related Mortgage Loan from an acceptable
lender reasonably satisfactory in form and substance to the Special Servicer (and the party receiving such commitment shall promptly forward
a copy of such commitment or application to the Master Servicer or the Special Servicer, as applicable, if it is not evident that a copy
has been delivered to such other party); and, in either case, such delinquency is to be determined without giving effect to any Grace
Period permitted by the related Mortgage or Mortgage Note and without regard to any acceleration of payments under the related Mortgage
and Mortgage Note or (ii) as to which the Special Servicer has, by written notice to the related Mortgagor, accelerated the maturity
of the indebtedness evidenced by the related Mortgage Note. For the avoidance of doubt, a defaulted Companion Loan does not constitute
a “Defaulted Loan”.

“Defeasance Accounts”:
As defined in Section 3.18(g).

“Defect”:
As defined in Section 2.02(f).

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

“Deficient Valuation”:
With respect to any Mortgage Loan or Serviced Whole Loan, as applicable, a valuation by a court of competent jurisdiction of the Mortgaged
Property in an amount less than the then outstanding principal balance of such Mortgage Loan or Serviced Whole Loan which valuation results
from a proceeding initiated under the Bankruptcy Code.

“Definitive Certificate”:
Any Certificate in definitive, fully registered form without interest coupons. Initially the Retained Certificates, the Class R Certificates
and any Certificate

    	 	40	 

    

    

issued pursuant to Sections 5.02(c)
and (d) shall be Definitive Certificates. For the avoidance of doubt, any Retained Certificate shall at all times during the Transfer
Restriction Period be evidenced by a Definitive Certificate.

“Delinquent Loan”:
A Mortgage Loan that is delinquent at least sixty (60) days in respect of its Periodic Payments or Balloon Payment, if any, in either
case such delinquency to be determined without giving effect to any Grace Period. For the avoidance of doubt, a delinquency that would
have existed but for a COVID Modification shall not constitute a delinquency, for so long as the related Mortgagor is complying with the
terms of such COVID Modification.

“Denomination”:
With respect to any Certificate or any beneficial interest in a Certificate the amount (i) (a) set forth on the face thereof,
(b) set forth on a schedule attached thereto or (c) in the case of any beneficial interest in a Book-Entry Certificate,
the interest of the related Certificate Owner in the applicable Class of Certificates as reflected on the books and records of the Depository
or related Depository Participant, as applicable, (ii) expressed in terms of initial Certificate Balance or initial Notional Amount,
as applicable, and (iii) in an authorized denomination, as set forth in Section 5.01(a).

“Depositor”:
J.P. Morgan Chase Commercial Mortgage Securities Corp., a Delaware corporation, or its successor in interest.

“Depository”:
DTC, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates
that are to be Book-Entry Certificates, is Cede & Co. The Depository shall at all times be a “clearing corporation”
as defined in Section 8-102(3) of the UCC of the State of New York and a “clearing agency” registered pursuant to
the provisions of Section 17A of the Exchange Act.

“Depository Participant”:
A broker, dealer, bank or other financial institution or other Person for whom from time to time the Depository effects book-entry
transfers and pledges of securities deposited with the Depository.

“Designated Intercreditor
Agreement”: As defined in the definition of “Intercreditor Agreement”.

“Determination Date”:
With respect to any Distribution Date, the eleventh (11th) day of each calendar month (or, if the eleventh (11th)
calendar day of that month is not a Business Day, then the next Business Day), commencing in September 2022.

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

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

(i)               
      the Mortgage Note, endorsed on its face or by allonge attached to the Mortgage Note, without recourse, to the order of the Trustee
or in blank and further showing a complete, unbroken chain of endorsement from the originator (or, if the original Mortgage Note has been
lost, an affidavit to such effect from the applicable Mortgage Loan Seller or another prior holder, together with a copy of

    	 	41	 

    

    

the Mortgage Note and an indemnity properly
assigned and endorsed to the Trustee);

(ii)              the
Mortgage, together with a copy of any intervening assignments of the Mortgage, in each case with evidence of recording indicated thereon
or certified to have been submitted for recording (if in the possession of the applicable Mortgage Loan Seller);

(iii)            any
related assignment of leases and of any intervening assignments (if such item is a document separate from the Mortgage), with evidence
of recording indicated thereon or certified to have been submitted for recording (if in the possession of the applicable Mortgage Loan
Seller);

(iv)              all
modification, consolidation, assumption, written assurance and substitution agreements in those instances in which the terms or provisions
of the Mortgage or Mortgage Note have been modified or the Mortgage Loan has been assumed or consolidated;

(v)               the policy or certificate of lender’s title insurance issued on the date of the origination of such Mortgage Loan, or, if
such policy has not been issued or located, an irrevocable, binding commitment (which may be a marked version of the policy that has been
executed by an authorized representative of the title company or an agreement to provide the same pursuant to binding escrow instructions
executed by an authorized representative of the title company) to issue such title insurance policy;

(vi)              any UCC Financing Statements, related amendments and continuation statements in the possession of the applicable Mortgage Loan
Seller;

(vii)              any
Intercreditor Agreement relating to permitted debt of the Mortgagor, including any Intercreditor Agreement relating to a Serviced Whole
Loan, and any related mezzanine intercreditor agreement;

(viii)          any
loan agreement, escrow agreement, security agreement or letter of credit relating to a Mortgage Loan or a Serviced Whole Loan;

(ix)              any
ground lease, related ground lessor estoppel, indemnity or guaranty relating to a Mortgage Loan or a Serviced Whole Loan;

(x)                any
property management agreement relating to a Mortgage Loan or a Serviced Whole Loan;

(xi)              any
franchise agreements and comfort letters or similar agreements relating to a Mortgage Loan or Serviced Whole Loan and, with respect to
any franchise agreement, comfort letter or similar agreement, any assignment of such agreements or any notice to the franchisor of the
transfer of a Mortgage Loan or Serviced Whole Loan and a request for confirmation that the Trust is a beneficiary

    	 	42	 

    

    

of such comfort letter or other agreement,
or for the issuance of a new comfort letter in favor of the Trust, as the case may be;

(xii)           any lock-box or cash management agreement relating to a Mortgage Loan or a Serviced Whole Loan;

(xiii)         a copy of all related environmental reports;

(xiv)         a copy of all related environmental insurance policies;

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

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

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

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

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

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

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

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

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

(k)                
a copy of all
zoning reports;

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

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

(n)                   a copy of all
UCC searches;

(o)                
a copy of all
litigation searches;

    	 	43	 

    

    

(p)                
a copy of all
bankruptcy searches;

(q)                
a copy of the
origination settlement statement;

(r)                   
a copy of the
Insurance Consultant Report;

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

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

(u)                 
a copy of any
closure letter (environmental), if not covered by the environmental reports; and

(v)                  a
copy of any environmental remediation agreement for the related Mortgaged Property or Mortgaged Properties, if not covered by the environmental
reports;

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

“Diligence File
Certification”: As defined in Section 2.01(h).

“Directing Certificateholder”:
(A) With respect to any Servicing Shift Whole Loan, the Directing Certificateholder shall be the related Loan-Specific Directing Certificateholder,
and (B) with respect to each Mortgage Loan (other than any Servicing Shift Mortgage Loan or Serviced AB Whole Loan), the Directing Certificateholder
shall be the Controlling Class Certificateholder (or a representative thereof) selected by more than 50% of the Controlling Class Certificateholders,
(by Certificate Balance, as determined by the Certificate Registrar from time to time) (the “Trust Directing Certificateholder”);
provided, however, that (i) absent that selection, or (ii) until a Directing Certificateholder is so selected
or (iii) upon receipt of a notice from a majority of the Controlling Class Certificateholders, by Certificate Balance, that a Directing
Certificateholder is no longer designated, the Controlling Class Certificateholder that owns the largest aggregate Certificate Balance
of the Controlling Class (or a representative thereof) will be the Directing Certificateholder; provided, however, that,
in the case of this clause (iii), in the event that no one

    	 	44	 

    

    

Holder owns the largest aggregate Certificate
Balance of the Controlling Class, then there will be no Directing Certificateholder until appointed in accordance with the terms of this
Agreement. After the occurrence and during the continuance of a Control Termination Event, the Directing Certificateholder shall
only retain its consultation rights to the extent specifically provided for herein. After the occurrence and during the continuance of
a Consultation Termination Event, there will be no Directing Certificateholder. The Depositor shall promptly provide the name and contact
information for the initial Directing Certificateholder upon request of any party to this Agreement and any such requesting party may
conclusively rely on the name and contact information provided by the Depositor. The Certificate Administrator and the other parties hereto
shall be entitled to assume that the identity of the Directing Certificateholder has not changed until such parties receive written notice
of a replacement of the Directing Certificateholder from a party holding the requisite interest in the Controlling Class, or the resignation
of the then-current Directing Certificateholder. The initial Trust Directing Certificateholder shall be KKR Real Estate Credit Opportunity
Partners II L.P.

“Directing Certificateholder
Asset Status Report Approval Process”: As defined in Section 3.19(d).

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

“Disclosable Special
Servicer Fees”: With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) and any related Serviced Companion
Loan (including any related REO Property), any compensation and other remuneration (including, without limitation, in the form of commissions,
brokerage fees, or rebates, or as a result of any other fee-sharing arrangement) received or retained by the Special Servicer or any
of its Affiliates that is paid by any Person (including, without limitation, the Trust, any Mortgagor, any manager, any guarantor or indemnitor
in respect of such Mortgage Loan or Serviced Companion Loan and any purchaser of any such Mortgage Loan or Serviced Companion Loan or
REO Property) in connection with the disposition, workout or foreclosure of any Mortgage Loan (other than any Non-Serviced Mortgage Loan)
or Serviced Companion Loan, the management or disposition of any REO Property, and the performance by the Special Servicer or any such
Affiliate of any other special servicing duties under this Agreement, other than (1) any Permitted Special Servicer/Affiliate Fees
and (2) any compensation to which the Special Servicer is entitled pursuant to Section 3.11 of this Agreement.

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“Disclosure Parties”:
As defined in Section 3.13(f).

“Discount Rate”:
As defined in Section 4.01(e).

“Dispute Resolution
Consultation”: As defined in Section 2.03(l)(iii).

“Dispute Resolution
Cut-off Date”: As defined in Section 2.03(l)(i).

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

“Disqualified Organization”:
Any of (i) the United States, any State or political subdivision thereof, any possession of the United States or any agency or instrumentality
of any of the foregoing (other than an instrumentality which is a corporation if all of its activities are subject to tax and, except
for Freddie Mac, a majority of its board of directors is not selected by such governmental unit), (ii) a foreign government, any
international organization or any agency or instrumentality of any of the foregoing, (iii) any organization which is exempt from
the tax imposed by Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable
income) on any excess inclusions (as defined in Section 860E(c)(1) of the Code) with respect to the Class R Certificates (except
certain farmers’ cooperatives described in Section 521 of the Code), (iv) rural electric and telephone cooperatives described
in Section 1381(a)(2)(C) of the Code and (v) any other Person so designated by the Trustee or the Certificate Administrator
based upon an Opinion of Counsel as provided to the Trustee or the Certificate Administrator (at no expense to the Trustee or the Certificate
Administrator) that the holding of an Ownership Interest in a Class R Certificate by such Person may cause any Trust REMIC to fail
to qualify as a REMIC at any time that the Certificates or the RR Interest are outstanding or any Person having an Ownership Interest
in any Class of Certificates (other than such Person) or the RR Interest Owners to incur a liability for any federal tax imposed under
the Code that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Class R Certificate to such Person.
The terms “United States,” “State” and “international organization” shall have the meanings set forth
in Section 7701 of the Code or successor provisions.

“Distribution Accounts”:
Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the VRR Interest Distribution
Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

“Distribution Date”:
The fourth (4th) Business Day following each Determination Date, beginning in September 2022.

    	 	46	 

    

    

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

“Do Not Hire List”:
The list, as may be updated at any time, provided by the Depositor to the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Operating Advisor or the Asset Representations Reviewer, which lists certain parties identified by the Depositor as having
failed to comply (after any applicable cure period) with their respective obligations under Article XI of this Agreement or
as having failed to comply (after any applicable cure period) with any similar Regulation AB reporting requirements under any other securitization
transaction. For the avoidance of doubt, as of the Closing Date, no parties appear on the Do Not Hire List.

“DTC”:
The Depository Trust Company, a New York corporation.

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

“EDGAR”:
As defined in Section 11.03.

“EDGAR-Compatible
Format”: With respect to (a) the Initial Schedule AL File, the Initial Schedule AL Additional File, the CREFC®
Schedule AL File and the Schedule AL Additional File, XML format or such other format as mutually agreed to between the Depositor, Certificate
Administrator and the Master Servicer and (b) any report, file or document other than those listed in clause (a) above, any format compatible
with EDGAR, including HTML, Word or clean, searchable PDFs.

“Eligible Account”:
Any of the following: (i) a segregated account or accounts maintained with a federal or state chartered depository institution or
trust company (including the Trustee or the Certificate Administrator), (A) the long term deposit rating or long term unsecured debt obligations
or deposits of which are rated at least “A2” by Moody’s, if the deposits are to be held in such account for thirty (30)
days or more, and the short-term debt obligations or deposits of which have a short-term rating of not less than “P-1” from
Moody’s, if the deposits are to be held in such account for less than thirty (30) days, (B) the long-term unsecured debt obligations
of which are rated at least “A” by Fitch, if the deposits are to be held in such account for thirty (30) days or more,
and the short-term debt obligations of which have a short-term rating of not less than “F1” from Fitch, if the deposits are
to be held in such account for less than thirty (30) days and (C) the long-term unsecured debt obligations or deposits of which are
rated at least “BBB(high)” by DBRS Morningstar (if then rated by DBRS Morningstar, of if not rated by DBRS Morningstar, an
equivalent rating (or higher) by at least two (2) NRSROs (which may include Moody’s and/or Fitch)) or such other rating confirmed
in a Rating Agency Confirmation, if the deposits are to be held in such account for thirty (30) days or more, and the short-term debt
obligations or deposits of which have a short-term rating of not less than “R-1(low)” from DBRS

    	 	47	 

    

    

Morningstar (if then rated by DBRS Morningstar,
or if not rated by DBRS Morningstar, an equivalent rating (or higher) by at least two (2) NRSROs (which may include Moody’s and/or
Fitch) or such other rating confirmed in a Rating Agency Confirmation); (ii) an account or accounts maintained with Wells Fargo Bank,
National Association so long as Wells Fargo Bank, National Association’s long-term unsecured debt rating shall be at least “A2”
from Moody’s and “A” from Fitch (if the deposits are to be held in the account for more than thirty (30) days)
and “BBB(high)” from DBRS Morningstar (if then rated by DBRS Morningstar, or if not rated by DBRS Morningstar, an equivalent
rating (or higher) by at least two (2) NRSROs (which may include Moody’s and/or Fitch)) or such other rating confirmed in a Rating
Agency Confirmation or Wells Fargo Bank, National Association’s short-term deposit or short-term unsecured debt rating shall be
at least “P-1” from Moody’s and “F1” from Fitch (if the deposits are to be held in the account for thirty
(30) days or less) and “R-1 (low)” from DBRS Morningstar (if then rated by DBRS Morningstar, or if not rated by DBRS
Morningstar, an equivalent rating (or higher) by at least two (2) NRSROs (which may include Moody’s and/or Fitch)) or such other
rating confirmed in a Rating Agency Confirmation (if the deposits are to be held in the account for thirty (30) days or less); (iii) an
account or accounts maintained with PNC Bank, National Association so long as PNC Bank, National Association’s (a) long-term unsecured
debt rating or deposit account rating shall be at least “A2” by Moody’s, “A” by Fitch and at least the equivalent
by DBRS Morningstar (if then rated by DBRS Morningstar) if the deposits are to be held in the account for more than 30 days or (b) short-term
deposit account or short-term unsecured debt rating shall be at least “P-1” by Moody’s, “F1” by Fitch and
at least the equivalent by DBRS Morningstar (if then rated by DBRS Morningstar) if the deposits are to be held in the account for 30 days
or less; (iv) such other account or accounts that, but for the failure to satisfy one or more of the minimum rating(s) set forth
in the applicable clause, would be listed in clauses (i) – (ii) above, with respect to which a Rating Agency
Confirmation has been obtained from each Rating Agency for which the minimum ratings set forth in the applicable clause is not satisfied
with respect to such account, which account may be an account maintained by or with the Certificate Administrator, the Trustee, the Master
Servicer or the Special Servicer; (v) any other account or accounts not listed in clauses (i) – (ii) above
with respect to which a Rating Agency Confirmation has been obtained from each and every Rating Agency and a confirmation of the applicable
rating agencies that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities
related to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25), which
account may be an account maintained by or with the Certificate Administrator, the Trustee, the Master Servicer or the Special Servicer;
or (vi) a segregated trust account or accounts maintained with the corporate trust department of a federal or state chartered depository
institution or trust company that has a long-term unsecured debt rating of at least “A2” from Moody’s (if the deposits
are to be held in the account for more than thirty (30) days) or a short-term unsecured debt rating of at least “P-1” from
Moody’s (if the deposits are to be held in the account for thirty (30) days or less) and that, in either case, has corporate trust
powers, acting in its fiduciary capacity, provided that any federal or state chartered depository institution or trust company
is subject to regulation regarding fiduciary funds substantially similar to 12 C.F.R. § 9.10(b). Eligible Accounts may bear
interest. No Eligible Account shall be evidenced by a certificate of deposit, passbook or other similar instrument.

“Eligible Asset
Representations Reviewer”: An entity that (a) is the special servicer, operating advisor or asset representations reviewer on
a transaction rated by any of DBRS

    	 	48	 

    

    

Morningstar, Fitch, KBRA, Moody’s or
S&P and that has not been a special servicer, operating advisor or asset representations reviewer on a transaction for which any of
DBRS Morningstar, Fitch, KBRA, Moody’s or S&P has qualified, downgraded or withdrawn its rating or ratings of, one or more classes
of certificates for such transaction citing servicing or other relevant concerns with the special servicer, operating advisor or asset
representations reviewer as the sole or material factor in such rating action, (b) can and will make the representations and warranties
set forth in Section 6.01(d), (c) is not (and is not affiliated with) a Mortgage Loan Seller, Master Servicer, Special
Servicer, the Depositor, the Certificate Administrator, the Trustee, the Directing Certificateholder, the VRR Interest Owners, any Risk
Retention Consultation Parties or any of their respective Affiliates, (d) has neither performed (and is not affiliated with any party
hired to perform) any due diligence, loan underwriting, brokerage, borrower advisory or similar services with respect to any Mortgage
Loan or any related Companion Loan prior to the Closing Date for or on behalf of any Mortgage Loan Seller, any Underwriter, any party
to this Agreement, the Directing Certificateholder, the Risk Retention Consultation Parties or any of their respective Affiliates, nor
been paid any fees, compensation or other remuneration by any of them in connection with any such services, and (e) does not directly
or indirectly, through one or more Affiliates or otherwise, own any interest in any Certificates, the RR Interest, any Mortgage Loans,
any Companion Loan or any securities backed by a Companion Loan or otherwise have any financial interest in the securitization transaction
to which this Agreement relates, other than in fees from its role as Asset Representations Reviewer (or as Operating Advisor, if applicable).

“Eligible Operating
Advisor”: An entity (a) that is a special servicer or operating advisor on a CMBS transaction rated by the Rating Agencies (including,
in the case of the Operating Advisor, this transaction) but has not been special servicer or operating advisor on a transaction for which
any of the Rating Agencies has qualified, downgraded or withdrawn its rating or ratings of, one or more classes of certificates for such
transaction citing servicing concerns with the Operating Advisor in its capacity as the special servicer or operating advisor on such
CMBS transaction as the sole or a material factor in such rating action; (b) that can and will make the representations and warranties
of the Operating Advisor set forth in Section 6.01(c) of this Agreement; (c) that is not (and is not affiliated with)
the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, a Mortgage Loan Seller, the Directing
Certificateholder, a Risk Retention Consultation Party, a depositor, a trustee, a certificate administrator, a master servicer or special
servicer with respect to the securitization of a Companion Loan, or any of their respective Affiliates; (d) that has not been paid
by any Special Servicer or successor Special Servicer any fees, compensation or other remuneration (x) in respect of its obligations
hereunder or (y) for the appointment or recommendation for replacement of a successor Special Servicer to become the Special Servicer;
(e) that (x) has been regularly engaged in the business of analyzing and advising clients in CMBS matters and that has at least
five (5) years of experience in collateral analysis and loss projections and (y) has at least five (5) years of experience in commercial
real estate asset management and experience in the workout and management of distressed commercial real estate assets; and (f) that
does not directly or indirectly, through one or more Affiliates or otherwise, own or have derivative exposure in any interest in any Certificates,
any Mortgage Loans, any Companion Loan or any securities backed by a Companion Loan or otherwise have any financial interest in the securitization
transaction to which this Agreement relates, other than in fees from its role as Operating Advisor and Asset Representations Reviewer
(to the extent it also acts as the Asset Representations Reviewer).

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

“Enforcing Servicer”:
(a) With respect to a Specially Serviced Loan, the Special Servicer, and (b) with respect to a Non-Specially Serviced Loan, (i) in the
case of a Repurchase Request made by the Special Servicer, the Directing Certificateholder or a Controlling Class Certificateholder, the
Master Servicer, and (ii) in the case of a Repurchase Request made by any Person other than the Special Servicer, the Directing Certificateholder
or a Controlling Class Certificateholder, (A) prior to a Resolution Failure relating to such Non-Specially Serviced Loan, the Master Servicer,
and (B) from and after a Resolution Failure relating to such Non-Specially Serviced Loan, the Special Servicer.

“Environmental Assessment”:
An “environmental site assessment” as such term is defined in, and meeting the criteria of, the American Society of Testing
Materials Standard Section E 1527-00, or any successor thereto.

“Environmental Indemnity
Agreement”: With respect to any Mortgage Loan, any agreement between the Mortgagor (or a guarantor thereof) and the originator
of such Mortgage Loan relating to the Mortgagor’s obligation to remediate or monitor or indemnify for any environmental problems
relating to the related Mortgaged Property.

“ERISA”:
The Employee Retirement Income Security Act of 1974, as amended.

“ERISA Plan”:
As defined in Section 5.03(u).

“ERISA Restricted
Certificate”: Any Certificate (other than a Class R Certificate) that does not meet the requirements of Prohibited Transaction
Exemption 2002-19, as amended by Prohibited Transaction Exemption 2013-08 (as such exemption may be amended from time to time) as of the
date of the acquisition of such Certificate by a Plan. As of the Closing Date, each of the Class X-G, Class X-H, Class X-J,
Class X-K, Class F, Class G, Class H, Class J, Class K and Class RR Certificates is an ERISA Restricted Certificate.

“Escrow Payment”:
Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment
of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property,
including amounts for deposit to any reserve account.

“Euroclear”:
The Euroclear System, in Europe, or any successor thereto.

“Excess Modification
Fee Amount”: With respect to either the Master Servicer or the Special Servicer, any Corrected Loan and any particular modification,
waiver, extension or amendment with respect to such Corrected Loan that gives rise to the payment of a Workout Fee, an amount equal to
the aggregate of any Excess Modification Fees paid by or on behalf of the related Mortgagor with respect to the related Mortgage Loan
(including the related Serviced Companion Loan, if applicable, unless prohibited under the related Intercreditor Agreement) and received
and retained by the Master Servicer or the Special Servicer, as applicable, as compensation within the prior eighteen (18) months of such
modification, waiver, extension or

    	 	50	 

    

    

amendment, but only to the extent those fees
have not previously been deducted from a Workout Fee or Liquidation Fee.

“Excess Modification
Fees”: With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Serviced Whole Loan, the sum of (A) the
excess, if any, of (i) any and all Modification Fees with respect to a modification, waiver, extension or amendment of any of the
terms of such Mortgage Loan or Serviced Whole Loan, as applicable, over (ii) all unpaid or unreimbursed additional expenses (including,
without limitation, reimbursement of Advances and interest on Advances to the extent not otherwise paid or reimbursed by the Mortgagor
but excluding Special Servicing Fees, Workout Fees and Liquidation Fees) outstanding or previously incurred on behalf of the Trust with
respect to the related Mortgage Loan or Serviced Whole Loan, as applicable, and reimbursed from such Modification Fees and (B) expenses
previously paid or reimbursed from Modification Fees as described in the preceding clause (A), which expenses have been recovered
from the related Mortgagor or otherwise. With respect to each of the Master Servicer and the Special Servicer, the Excess Modification
Fees collected and earned by such Person from the related Mortgagor (taken in the aggregate with any other Excess Modification Fees collected
and earned by such Person from the related Mortgagor within the prior eighteen (18) months of the collection of the current Excess Modification
Fees) will be subject to a cap of 1.00% of the outstanding principal balance of the related Mortgage Loan or Serviced Whole Loan, as applicable,
on the closing date of the related modification, extension, waiver or amendment (after giving effect to such modification, extension,
waiver or amendment) with respect to any Mortgage Loan or Serviced Whole Loan, as applicable.

“Excess Prepayment
Interest Shortfall”: With respect to any Distribution Date, the aggregate of any Prepayment Interest Shortfalls resulting from
any Principal Prepayments made on the Mortgage Loans to be included in the Aggregate Available Funds for such Distribution Date that are
not covered by the Master Servicer’s Compensating Interest Payment for such Distribution Date and the portion of the compensating
interest payments allocable to any Non-Serviced Mortgage Loan to the extent received from the related Non-Serviced Master Servicer.

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

“Excluded Controlling
Class Holder”: With respect to any Excluded Controlling Class Loan and/or any Excluded Loan, the Directing Certificateholder
or any Controlling Class Certificateholder, as applicable, that is a Borrower Party with respect to such Excluded Controlling Class Loan
and/or Excluded Loan. Promptly upon obtaining actual knowledge of the Directing Certificateholder or any Controlling Class Certificateholder
becoming an “Excluded Controlling Class Holder”, such Directing Certificateholder or Controlling Class Certificateholder,
as applicable, shall provide notice in the form of Exhibit P-1E hereto to the Master Servicer, the Special Servicer, the Operating
Advisor, the Trustee and the Certificate Administrator, which notice shall be physically delivered in accordance with Section 13.05
of this Agreement and shall specifically identify the Excluded Controlling Class Holder and identifying the related Mortgage Loan, specifying
whether it is (A) an Excluded Controlling Class Loan or (B) both an Excluded Loan and an Excluded Controlling Class Loan. Additionally,
any Excluded Controlling Class Holder shall also send to the Certificate Administrator a notice substantially in the form of Exhibit
P-1F hereto, which notice shall provide each of the CTSLink User ID associated with such

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Excluded Controlling Class Holder, and which
notice shall direct the Certificate Administrator to restrict such Excluded Controlling Class Holder’s access to the Certificate
Administrator’s Website as and to the extent provided in this Agreement. As of the Closing Date, there is no Excluded Controlling
Class Holder related to the Trust.

“Excluded Controlling
Class Loan”: Any Mortgage Loan or Whole Loan with respect to which, as of any date of determination, the Directing Certificateholder
or any Controlling Class Certificateholder, as applicable, is a Borrower Party. As of the Closing Date, there are no Excluded Controlling
Class Loans related to the Trust.

“Excluded Information”:
With respect to any Excluded Controlling Class Loan, any information solely related to such Excluded Controlling Class Loan and/or the
related Mortgaged Properties, which shall include the Asset Status Reports, Final Asset Status Reports (or summaries thereof), any Operating
Advisor reports delivered to the Certificate Administrator regarding a Special Servicer’s net present value determination, any Appraisal
Reduction Amount calculations delivered pursuant to Section 3.26(d), and any Officer’s Certificates delivered by the
Trustee, the Master Servicer or the Special Servicer supporting any determination that any Advance was (or, if made, would be) a Nonrecoverable
Advance, or such other information and reports designated as Excluded Information by the Special Servicer, the Master Servicer or the
Operating Advisor, as applicable, other than such information with respect to such Excluded Controlling Class Loan(s) that is aggregated
with information of other Mortgage Loans at a pool level. For the avoidance of doubt, any file or report contained in the CREFC®
Investor Reporting Package (CREFC® IRP) (other than the CREFC® Special Servicer Loan File relating to any
Excluded Controlling Class Loan) and any Schedule AL Additional File shall not be considered “Excluded Information”. Each
of the Master Servicer, the Special Servicer or the Operating Advisor shall deliver any Excluded Information that is to be posted to the
Certificate Administrator’s Website to the Certificate Administrator in accordance with Section 3.32(a) hereof. For
the avoidance of doubt, the Certificate Administrator’s obligation to segregate any information delivered to it under the “Excluded
Information” tab on the Certificate Administrator’s Website shall be triggered solely by such information being delivered
in the manner provided in Section 3.32(a) hereof.

“Excluded Loan”:
With respect to (a) the Directing Certificateholder, any Mortgage Loan or Whole Loan if, as of any date of determination, the Directing
Certificateholder or the Holder of the majority of the Controlling Class is a Borrower Party or a party prohibited from serving as the
Directing Certificateholder or the holder of the majority of the Controlling Class under the related Mortgage Loan documents or (b) with
respect to any Risk Retention Consultation Party, a Mortgage Loan or Whole Loan with respect to which, as of the applicable date of determination,
such Risk Retention Consultation Party or the Person entitled to appoint such Risk Retention Consultation Party or the applicable VRR
Interest is a Borrower Party. For the avoidance of doubt, any Excluded Loan is also an Excluded Controlling Class Loan. As of the Closing
Date, there are no Excluded Loans related to the Trust.

“Excluded Special
Servicer”: With respect to any Excluded Special Servicer Loan, a replacement special servicer that is not a Borrower Party with
respect to such Excluded Special Servicer Loan and satisfies all of the eligibility requirements applicable to the Special Servicer set
forth in Section 7.01(g)(i). As of the Closing Date, there is no Excluded Special Servicer related to the Trust.

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“Excluded Special
Servicer Information”: With respect to any Excluded Special Servicer Loan, any information solely related to such Excluded Special
Servicer Loan and/or the related Mortgaged Properties, which shall include the Asset Status Reports, Final Asset Status Reports (or summaries
thereof), any Operating Advisor reports delivered to the Certificate Administrator regarding an Excluded Special Servicer’s net
present value determination, any Appraisal Reduction Amount calculations delivered pursuant to Section 3.26(d), and any Officer’s
Certificates delivered by the Master Servicer or the applicable Excluded Special Servicer supporting any determination that any Advance
was (or, if made, would be) a Nonrecoverable Advance, or such other information and reports designated as Excluded Special Servicer Information
by the applicable Excluded Special Servicer, the Master Servicer or the Operating Advisor, as applicable, other than such information
with respect to such Excluded Special Servicer Loan(s) that is aggregated with information of other Mortgage Loans at a pool level. For
the avoidance of doubt, any file or report contained in the CREFC® Investor Reporting Package (CREFC® IRP)
(other than the CREFC® Special Servicer Loan File relating to any Excluded Special Servicer Loan) shall not be considered
“Excluded Special Servicer Information”.

“Excluded Special
Servicer Loan”: Any Mortgage Loan or Serviced Whole Loan with respect to which, as of any date of determination, the Special
Servicer has obtained knowledge that it has become a Borrower Party. As of the Closing Date, there are no Excluded Special Servicer Loans
related to the Trust.

“Extended Cure Period”:
As defined in Section 2.03(b).

“Fannie Mae”:
Federal National Mortgage Association or any successor thereto.

“FDIC”:
Federal Deposit Insurance Corporation or any successor thereto.

“Fee Restricted
Specially Serviced Loan”: Any Specially Serviced Loan that (i) is a Specially Serviced Loan solely because of an event described
in clauses (iv) or (x) of the definition of “Servicing Transfer Event” and (ii) the Special Servicer made the determination
that the related Mortgage Loan (and any related Serviced Companion Loan) should be transferred to special servicing and the Master Servicer
did not agree with the Special Servicer’s determination, as evidenced by, in the case of an event described in clause (iv) or (x)
of the definition of “Servicing Transfer Event”, an Officer’s Certificate delivered to the Special Servicer setting
forth the reason for such disagreement; provided, however, that no Specially Serviced Loan shall be a Fee Restricted Specially
Serviced Loan if such Specially Serviced Loan is transferred to special servicing by the determination of the Master Servicer or if the
Master Servicer and the Special Servicer mutually agree to such transfer. A Specially Serviced Loan will be a Fee Restricted Specially
Serviced Loan only during the Imminent Default Fee Restricted Period.

“Final Asset Status
Report”: With respect to any Specially Serviced Loan, the initial Asset Status Report (together with such other data or supporting
information provided by the Special Servicer to the Directing Certificateholder or the AB Whole Loan Controlling Holder that does not
include any communication (other than the Final Asset Status Report) between the Special Servicer and the Directing Certificateholder
with respect to such Specially Serviced Loan or between the Special Servicer and the AB Whole Loan Controlling Holder) required to be
delivered by the Special Servicer by the Initial Delivery Date or any Subsequent Asset Status Report, in each

    	 	53	 

    

    

case, in the form fully approved or deemed
approved, if applicable, by the Directing Certificateholder or the AB Whole Loan Controlling Holder, as applicable, pursuant to the Directing
Certificateholder Asset Status Report Approval Process or following completion of the ASR Consultation Process, as applicable. For the
avoidance of doubt, the Special Servicer may issue more than one Final Asset Status Report with respect to any Specially Serviced Loan
in accordance with the procedures described in Section 3.19(d).

“Final Dispute Resolution
Election Notice”: As defined in Section 2.03(l)(iii).

“Final Major Decision
Reporting Package”: As defined in Section 6.08(a).

“Final Recovery
Determination”: A reasonable determination by the Special Servicer, in consultation with the Directing Certificateholder if
related to a Mortgage Loan other than an Excluded Loan and made prior to the occurrence of a Consultation Termination Event, with respect
to any Defaulted Loan (and, if applicable, any defaulted Companion Loan), Corrected Loan or REO Property (other than a Mortgage Loan or
REO Property, as the case may be, that was purchased by (i) any of the Mortgage Loan Sellers pursuant to Section 6 of the applicable
Mortgage Loan Purchase Agreement, (ii) the Special Servicer or other person pursuant to Section 3.16(b), any Companion
Holder or any mezzanine lender pursuant to Section 3.16 or (iii) the Master Servicer, Special Servicer, the Holders of
the Controlling Class, or the Holders of the Class R Certificates pursuant to Section 9.01) that there has been a recovery
of all Insurance and Condemnation Proceeds, Liquidation Proceeds, REO Revenue and other payments or recoveries that, in the Special Servicer’s
judgment, which judgment was exercised without regard to any obligation of the Special Servicer to make payments from its own funds pursuant
to Section 3.07(b), will ultimately be recoverable. With respect to all Mortgage Loans other than the Excluded Loans, prior
to the occurrence and continuance of any Control Termination Event, the Directing Certificateholder shall have ten (10) Business
Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business Days) to review and approve each
such recovery determination by the Special Servicer; provided, however, that if the Directing Certificateholder fails to
approve or disapprove any recovery determination within ten (10) Business Days (or, if the Directing Certificateholder and the Special
Servicer are affiliates, five (5) Business Days) of receipt of the initial recovery determination, such consent shall be deemed given.

“Financial Market
Publishers”: Bloomberg, L.P., Trepp, LLC, Intex Solutions, Inc., MBS Data, LLC, KBRA Analytics, LLC, RealINSIGHT, BlackRock
Financial Management Inc., Interactive Data Corporation, CMBS.com, Inc., Markit Group Limited, Moody’s Analytics, Thomson Reuters
Corporation and DealView Technologies Ltd.

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

“Form 8-K Disclosure
Information”: As defined in Section 11.07.

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“Form 15 Suspension
Notification”: As defined in Section 11.08.

“Franchise Required
Mortgage Loan”: Any Mortgage Loan (other than a Non-Serviced Mortgage Loan) subject to a franchise agreement with a related
comfort letter in favor of the respective Mortgage Loan Seller that requires notice to or request of the related franchisor to transfer
or assign any related comfort letter to the Trust or otherwise have a new comfort letter issued in the name of the Trust. The Embassy
Suites Orlando North Mortgage Loan is the only Franchise Required Mortgage Loans with respect to the Trust.

“Freddie Mac”:
Federal Home Loan Mortgage Corporation or any successor thereto.

“GACC”:
German American Capital Corporation, a Maryland corporation.

“Gain-on-Sale
Proceeds”: With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan), the excess of (i) Liquidation
Proceeds net of any related Liquidation Expenses (or the portion of such net Liquidation Proceeds payable to the related Mortgage Loan
pursuant to the related Intercreditor Agreement) over (ii) the greater of the Purchase Price for such Mortgage Loan on the date on which
Liquidation Proceeds were received and the amount that would have been received if a payment in full of principal and all other outstanding
amounts had been paid with respect to such Mortgage Loan (including any amounts allocated as a Yield Maintenance Charge, Prepayment Premium,
recovery of any late payment charges and default interest or recovery of any assumption fees or Modification Fees).

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

“Ground Lease”:
The ground lease pursuant to which any Mortgagor holds a leasehold interest in the related Mortgaged Property and any estoppels or other
agreements executed and delivered by the ground lessor in favor of the lender under the Mortgage Loan.

“GSMC”:
Goldman Sachs Mortgage Company, a New York limited partnership.

“Hazardous Materials”:
Any dangerous, toxic or hazardous pollutants, chemicals, wastes or substances, including, without limitation, those so identified pursuant
to CERCLA or any other federal, state or local environmental related laws and regulations, and specifically including, without limitation,
asbestos and asbestos-containing materials, polychlorinated biphenyls, radon gas, petroleum and petroleum products, urea formaldehyde
and any substances classified as being “in inventory,” “usable work in process” or similar classification which
would, if classified as unusable, be included in the foregoing definition.

“Imminent Default
Fee Restricted Period”: Any Imminent Default Workout Fee Restricted Period or Imminent Default Liquidation Fee Restricted Period.

“Imminent Default
Liquidation Fee Restricted Period”: With respect to any Specially Serviced Loan that is a Specially Serviced Loan solely because
of an event described in clause (iv) of the definition of “Servicing Transfer Event,” where (A) a payment default has

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occurred with respect to the related Balloon
Payment and (B) the related Mortgagor has provided prior to the related Maturity Date, a Refinancing/P&S Document that is satisfactory
in form and substance to the Master Servicer from an acceptable lender or purchaser reasonably satisfactory to the Master Servicer, the
period commencing upon the date of such payment default and ending on the earlier of (i) the time set forth in the applicable Refinancing/P&S
Document, as extended pursuant to the original terms of such documentation, (ii) 120 days after the Balloon Payment default or maturity
default, (iii) the date that the related Mortgagor fails to make the Assumed Scheduled Payment or (iv) the date that the related Mortgage
Loan (or Serviced Companion Loan) would have become a Specially Serviced Loan due to an event other than an event described in clause
(ii) or (iv) of the definition of “Servicing Transfer Event”. In the event that the Master Servicer disagrees with the Special
Servicer’s determination to transfer such Specially Serviced Loan into special servicing, the Master Servicer shall deliver an Officer’s
Certificate to the Special Servicer setting forth the reasons for such disagreement.

“Imminent Default
Workout Fee Restricted Period”: With respect to any Specially Serviced Loan that is a Specially Serviced Loan solely because
of an event described in clause (iv) or (x) of the definition of “Servicing Transfer Event,” the period commencing upon the
date that such Mortgage Loan becomes a Specially Serviced Loan based on a determination of the Special Servicer (without the agreement
of the Master Servicer) and ending on the earlier of (i) the date (if any) on which such Specially Serviced Loan is modified and (ii)
the date on which the related Mortgage Loan (or Serviced Companion Loan) would have become a Specially Serviced Loan due to an event other
than an event described in clause (ii), (iv) or (x) of the definition of “Servicing Transfer Event”. In the event that the
Master Servicer disagrees with the Special Servicer’s determination to transfer such Specially Serviced Loan into special servicing,
the Master Servicer shall deliver an Officer’s Certificate to the Special Servicer setting forth the reasons for such disagreement.

“Independent”:
When used with respect to any accountants, a Person who is “independent” within the meaning of Rule 2-01(b) of the
Commission’s Regulation S-X. When used with respect to any specified Person, any such Person who (i) is in fact independent
of the Trustee, the Certificate Administrator, the Depositor, the Master Servicer, the Special Servicer, the Directing Certificateholder,
the Risk Retention Consultation Parties, the Companion Holders (insofar as the relevant matter involves a Whole Loan (whether alone or
together with one or more other Mortgage Loans)), the Operating Advisor, the Asset Representations Reviewer and all Affiliates thereof,
(ii) does not have any material direct financial interest in or any material indirect financial interest in any of the Trustee, the
Certificate Administrator, the Depositor, the Master Servicer, the Special Servicer, the Directing Certificateholder, the Risk Retention
Consultation Parties, the Companion Holders (insofar as the relevant matter involves a Whole Loan (whether alone or together with one
or more other Mortgage Loans)), the Operating Advisor, the Asset Representations Reviewer or any Affiliate thereof and (iii) is not
connected with the Trustee, the Certificate Administrator, the Depositor, the Master Servicer, the Special Servicer, the Directing Certificateholder,
the Risk Retention Consultation Parties, the Companion Holders (insofar as the relevant matter involves a Whole Loan (whether alone or
together with one or more other Mortgage Loans)), the Operating Advisor, the Asset Representations Reviewer or any Affiliate thereof as
an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions; provided, however,
that a Person shall not fail to be Independent of the Trustee, the Certificate Administrator, the Depositor, the Master Servicer, the
Special Servicer,

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the Directing Certificateholder, the Risk Retention
Consultation Parties, the Companion Holders or any Affiliate thereof merely because such Person is the beneficial owner of 1% or less
of any Class of securities issued by the Trustee, the Certificate Administrator, the Depositor, the Master Servicer, the Special Servicer,
the Operating Advisor, the Asset Representations Reviewer, the Directing Certificateholder, the Risk Retention Consultation Parties, the
Companion Holders or any Affiliate thereof, as the case may be, so long as such ownership constitutes less than 1% of the total
assets of such Person. For the avoidance of doubt, the exception in the proviso above for ownership of 1% or less of any Class of Certificates
shall not apply with respect to the Operating Advisor or the Asset Representations Reviewer.

“Independent Contractor”:
Either (i) any Person that would be an “independent contractor” with respect to the Trust within the meaning of Section 856(d)(3)
of the Code if the Trust were a real estate investment trust (except that the ownership test set forth in that Section shall be considered
to be met by any Person that owns, directly or indirectly, 35% or more of any Class of Certificates or the RR Interest, or such other
interest in any Class of Certificates or the RR Interest as is set forth in an Opinion of Counsel, which shall be at no expense to the
Trustee, the Certificate Administrator, the Master Servicer, any Companion Holder or the Trust, delivered to the Trustee, any Companion
Holder, the Certificate Administrator and the Master Servicer), so long as the Trust does not receive or derive any income from such Person
and provided that the relationship between such Person and the Trust is at arm’s length, all within the meaning of Treasury
Regulations Section 1.856-4(b)(5) (except that neither the Master Servicer nor the Special Servicer shall be considered to be
an Independent Contractor under the definition in this clause (i) unless an Opinion of Counsel has been delivered to the Trustee
and the Certificate Administrator to that effect) or (ii) any other Person (including the Master Servicer and the Special Servicer)
upon receipt by the Trustee, the Certificate Administrator, the Operating Advisor and the Master Servicer of an Opinion of Counsel, which
shall be at no expense to the Trustee, the Certificate Administrator, the Master Servicer, the Operating Advisor or the Trust, to the
effect that the taking of any action in respect of any REO Property by such Person, subject to any conditions therein specified, that
is otherwise herein contemplated to be taken by an Independent Contractor will not cause such REO Property to cease to qualify as “foreclosure
property” within the meaning of Section 860G(a)(8) of the Code or cause any income realized in respect of such REO Property
to fail to qualify as Rents from Real Property.

“Initial Cure Period”:
As defined in Section 2.03(b).

“Initial Delivery
Date”: As defined in Section 3.19(d).

“Initial Purchasers”:
J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC.

“Initial Requesting
Certificateholder”: The first Certificateholder or Certificate Owner (other than a Holder or Certificate Owner of the Class RR
Certificates) to deliver a Certificateholder Repurchase Request as described in Section 2.03(k) with respect to a Mortgage
Loan. For the avoidance of doubt, there may not be more than one Initial Requesting Certificateholder with respect to any Mortgage Loan,
and a Holder of the Class RR Certificates may not be an Initial Requesting Certificateholder.

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“Initial Schedule
AL Additional File”: The data file prepared by or on behalf of the Depositor containing additional information or schedules
regarding data points in the Initial Schedule AL File in accordance with Item 1111(h)(4) of Regulation AB and Item 601(b)(103) of Regulation
S-K under the Securities Act and filed as Exhibit 103 to the Form ABS-EE incorporated by reference into the Prospectus in both EDGAR-Compatible
Format and Excel format.

“Initial Schedule AL
File”: The data file prepared by or on behalf of the Depositor containing the information required by Item 1111(h)(3) or Item
1125 of Regulation AB or Item 601(b)(102) of Regulation S-K under the Securities Act and filed as Exhibit 102 to the Form ABS-EE incorporated
by reference into the Prospectus in both EDGAR-Compatible Format and Excel format.

“Initial Sub-Servicer”:
With respect to each Mortgage Loan that is subject to a Sub-Servicing Agreement with the Master Servicer as of the Closing Date, the
Sub-Servicer under any such Sub-Servicing Agreement. As of the Closing Date, each entity listed on Exhibit FF is an
Initial Sub-Servicer.

“Initial Sub-Servicing
Agreement”: Any Sub-Servicing Agreement in effect as of the Closing Date.

“Inquiry”
and “Inquiries”: As each is defined in Section 4.07(a).

“Institutional Accredited
Investor”: An institutional investor which is an “accredited investor” within the meaning of paragraphs (1), (2),
(3) or (7) of Rule 501(a) of Regulation D under the Act or any entity in which all of the equity owners come within such paragraphs.

“Insurance and Condemnation
Proceeds”: All proceeds paid under any Insurance Policy or in connection with the full or partial condemnation of a Mortgaged
Property, in either case, to the extent such proceeds are not applied to the restoration of the related Mortgaged Property or released
to the Mortgagor or any tenants or ground lessors, in either case, in accordance with the Servicing Standard (and in the case of any Mortgage
Loan with a related Companion Loan, to the extent any portion of such proceeds are received by the Master Servicer or Certificate Administrator
in connection with such Mortgage Loan, pursuant to the allocations set forth in the related Intercreditor Agreement) and the REMIC Provisions.

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

“Insurance Policy”:
With respect to any Mortgage Loan, any hazard insurance policy, flood insurance policy, title policy or other insurance policy that is
maintained from time to time in respect of such Mortgage Loan or the related Mortgaged Property.

“Intercreditor Agreement”:
Each intercreditor agreement relating to a Whole Loan described in the Preliminary Statement (each a “Designated Intercreditor
Agreement”), any other

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intercreditor agreement entered into in connection
with the issuance to the direct or indirect equity holders in the Mortgagor of any existing mezzanine indebtedness or any future mezzanine
indebtedness permitted under the related Mortgage Loan documents and solely with respect to a Joint Mortgage Loan treated as a Serviced
Whole Loan in accordance with Section 3.33 hereof (to the extent there is no related Intercreditor Agreement governing the
relationship of the promissory notes comprising such Joint Mortgage Loan), the applicable Mortgage Loan documents together with the provisions
of Section 3.33 hereof.

“Interest Accrual
Amount”: With respect to any Distribution Date and any Class of Non-VRR Certificates or the VRR Interest, is equal to interest
for the related Interest Accrual Period accrued at the Pass-Through Rate for such Class of Certificates on the Certificate Balance or
Notional Amount, as applicable, for such Class immediately prior to that Distribution Date. Calculations of interest for each Interest
Accrual Period shall be made on a 30/360 basis.

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

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

For purposes of clause (B)
above, the Non-VRR Excess Prepayment Interest Shortfall, if any, for each Distribution Date shall be allocated to each Class of Non-VRR
Certificates in an amount equal to the product of (i) the amount of such Non-VRR Excess Prepayment Interest Shortfall and (ii) a
fraction, the numerator of which is the Interest Accrual Amount for such Class of Non-VRR Certificates for such Distribution Date
and the denominator of which is the aggregate Interest Accrual Amounts for all Classes of Non-VRR Certificates for such Distribution
Date.

“Interest Reserve
Account”: The trust account or subaccount of the Distribution Account created and maintained by the Certificate Administrator
pursuant to Section 3.04(b) initially in the name of “Computershare Trust Company, National Association, as Certificate
Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of Benchmark
2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36 and the RR Interest Owners, Interest Reserve
Account”, into which the amounts set forth in Section 3.21 shall be deposited directly and which must be an Eligible
Account or subaccount of an Eligible Account.

“Interest Shortfall”:
With respect to any Distribution Date for any Class of Non-VRR Certificates, the sum of (a) the portion of the Interest Distribution
Amount for such Class of Non-VRR Certificates remaining unpaid as of the close of business on the preceding Distribution Date, and
(b) to the extent permitted by applicable law, (i) other than in the case of Class X Certificates, one month’s interest
on that amount remaining unpaid at the Pass-Through Rate applicable to such Class for the current Distribution Date and (ii) in the
case of the Class X

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Certificates, one-month’s interest on
that amount remaining unpaid at the Weighted Average Net Mortgage Rate for such Distribution Date.

“Interested Person”:
As of the date of any determination, (i) the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer, the Certificate Administrator, the Trustee, the Directing Certificateholder, a Risk Retention Consultation Party, any Mortgage
Loan Seller, any Borrower Party, any Independent Contractor engaged by the Special Servicer, any holder of a related mezzanine loan, or
any known Affiliate of any of the preceding entities and, (ii) with respect to a Whole Loan if it is a Defaulted Loan, the depositor,
the master servicer, the special servicer (or any independent contractor engaged by the special servicer), or the trustee for the securitization
of a Companion Loan, and each related Companion Holder or its representative, or any known Affiliate of any such party described above.

“Intralinks Site”:
The internet website, which shall initially be “www.intralinks.com”, used by the Depositor and Mortgage Loan Sellers to accept
and upload the Diligence Files.

“Investment Account”:
As defined in Section 3.06(a).

“Investment Representation
Letter”: As defined in Section 5.03(e), a form of which is attached hereto as Exhibit C.

“Investor Certification”:
A certificate (which may be in electronic form) substantially in the form of Exhibit P-1A, Exhibit P-1B, Exhibit P-1C
and Exhibit P-1D to this Agreement or in the form of an electronic certification contained on the Certificate Administrator’s
Website (which may be a click-through confirmation), representing (i) that such Person executing the certificate is a Certificateholder,
an RR Interest Owner, the Directing Certificateholder or a Risk Retention Consultation Party (in each case, to the extent such Person
is not a Certificateholder), a beneficial owner of a Certificate, a prospective purchaser of a Certificate or a Companion Holder (or any
investment advisor, manager or other representative of the foregoing), (ii) that either (a) such Person is a Risk Retention Consultation
Party or is a Person who is not a Borrower Party, in which case such Person shall have access to all the reports and information made
available to Certificateholders via the Certificate Administrator’s Website hereunder, or (b) such Person is a Borrower Party
in which case (1) if such Person is the Directing Certificateholder, a Controlling Class Certificateholder or a Risk Retention Consultation
Party, such Person shall have access to all the reports and information made available to Certificateholders via the Certificate Administrator’s
Website hereunder other than any Excluded Information as set forth herein, or (2) if such Person is not the Directing Certificateholder,
a Controlling Class Certificateholder or a Risk Retention Consultation Party, such Person shall only receive access to the Distribution
Date Statements prepared by the Certificate Administrator, (iii) that such Person has received a copy of the final Prospectus (except
in the case of a certification by a Companion Holder) and (iv) such Person agrees to keep any Privileged Information confidential
and will not violate any securities laws; provided, however, that any Excluded Controlling Class Holder (i) shall be
permitted to reasonably request and obtain in accordance with Section 4.02(f) of this Agreement any Excluded Information relating
to any Excluded Controlling Class Loan with respect to which such Excluded Controlling Class Holder is not a Borrower Party (if such Excluded
Information is not otherwise available to such Excluded

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Controlling Class Holder via the Certificate
Administrator’s Website on account of it constituting Excluded Information) from the Master Servicer (to the extent in the possession
of the Master Servicer) or the Special Servicer, as the case may be, and (ii) shall be considered a Privileged Person for all other
purposes, except with respect to its ability to obtain information with respect to any related Excluded Controlling Class Loan.

“Investor Q&A
Forum”: As defined in Section 4.07(a).

“Investor Registry”:
As defined in Section 4.07(b).

“Joint Mortgage
Loan”: Any Mortgage Loan comprised of multiple Mortgage Notes that are being sold separately to the Depositor by more than one
Mortgage Loan Seller. The only Joint Mortgage Loan related to the Trust is the 79 Fifth Avenue Mortgage Loan.

“JPMCB”:
JPMorgan Chase Bank, National Association, a national banking association organized under the laws of the United States.

“KBRA”:
Kroll Bond Rating Agency, LLC, and its successors in interest. If neither KBRA nor any successor remains in existence, “KBRA”
shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated
by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer, the Directing
Certificateholder and the Special Servicer and specific ratings of KBRA herein referenced shall be deemed to refer to the equivalent ratings
of the party so designated.

“Late Collections”:
With respect to any Mortgage Loan, Whole Loan or Companion Loan, all amounts received thereon prior to the related Determination Date,
whether as payments, Insurance and Condemnation Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections
of principal or interest due in respect of such Mortgage Loan, Whole Loan or Companion Loan, as applicable (without regard to any acceleration
of amounts due thereunder by reason of default), on a Due Date prior to the immediately preceding Determination Date and not previously
recovered. With respect to any REO Loan, all amounts received in connection with the related REO Property prior to the related Determination
Date, whether as Insurance and Condemnation Proceeds, Liquidation Proceeds, REO Revenues or otherwise, which represent late collections
of principal or interest due or deemed due in respect of such REO Loan or the predecessor Mortgage Loan, Whole Loan or Companion Loan,
as applicable (without regard to any acceleration of amounts due under the predecessor Mortgage Loan, Whole Loan or Companion Loan, as
applicable, by reason of default), on a Due Date prior to the immediately preceding Determination Date and not previously recovered. The
term “Late Collections” shall specifically exclude Penalty Charges. With respect to any Whole Loan, as used in this Agreement,
Late Collections shall refer to such portion of Late Collections to the extent allocable to the related Mortgage Loan or related Companion
Loan, as applicable, pursuant to the terms of the related Intercreditor Agreement.

“Liquidation Event”:
With respect to any Mortgage Loan or with respect to any REO Property (and the related REO Loan), any of the following events: (i) such
Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made with respect to such Mortgage Loan;

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(iii) such Mortgage Loan is repurchased
by the applicable Mortgage Loan Seller pursuant to Section 6 of the related Mortgage Loan Purchase Agreement; (iv) such Mortgage
Loan is purchased by the Special Servicer, or by any Companion Holder or any mezzanine lender (as applicable) pursuant to Section 3.16
(and the related Intercreditor Agreement, as applicable); (v) such Mortgage Loan is purchased by the Special Servicer, the Master
Servicer, the Holders of the majority of the Controlling Class or the Holders of the Class R Certificates pursuant to Section 9.01
or acquired by the Sole Certificateholder in exchange for its Certificates pursuant to Section 9.01; or (vi) such Mortgage
Loan is sold by the Special Servicer pursuant to the terms of this Agreement.

“Liquidation Expenses”:
All customary, reasonable and necessary “out of pocket” costs and expenses incurred by the Special Servicer in connection
with a liquidation of any Specially Serviced Loan or REO Property (except with respect to a Non-Serviced Mortgaged Property) pursuant
to Section 3.16 (including, without limitation, legal fees and expenses, committee or referee fees and, if applicable, brokerage
commissions and conveyance taxes).

“Liquidation Fee”:
A fee payable to the Special Servicer (A) (x) with respect to each Specially Serviced Loan (except with respect to any Fee Restricted
Specially Serviced Loan during a related Imminent Default Liquidation Fee Restricted Period) or REO Property (except with respect to a
Non-Serviced Mortgage Loan), (y) with respect to each Mortgage Loan repurchased by a Mortgage Loan Seller or (z) with respect to each
Defaulted Loan that is a Non-Serviced Mortgage Loan sold by the Special Servicer in accordance with this Agreement, in each case, as to
which the Special Servicer obtains (i) a full, partial or discounted payoff from the related Mortgagor or (ii) any Liquidation
Proceeds or Insurance and Condemnation Proceeds with respect to the related Mortgage Loan (including the related Companion Loan, if applicable),
or REO Property (in any case, other than amounts for which a Workout Fee has been paid, or will be payable), equal to the product of the
Liquidation Fee Rate and the proceeds of such full, partial or discounted payoff or other partial payment or the Liquidation Proceeds
or Insurance and Condemnation Proceeds (net of the related costs and expenses associated with the related liquidation) related to such
liquidated Specially Serviced Loan or REO Property, as the case may be, and (B) with respect to each Mortgage Loan and each Serviced
Companion Loan (with respect to any Serviced Companion Loan, only to the extent that (i) the Special Servicer is enforcing the related
mortgage loan seller’s obligations under the applicable mortgage loan purchase agreement with respect to such Serviced Companion
Loan and (ii) the related Liquidation Fee is not otherwise required to be paid to the special servicer engaged with respect to such Serviced
Companion Loan securitization trust or otherwise prohibited from being paid to the Special Servicer (in each case, under the related Other
Pooling and Servicing Agreement)) as to which the Special Servicer obtains any payment or Loss of Value Payment from the applicable mortgage
loan seller in connection with the repurchase of such Mortgage Loan and Serviced Companion Loan in accordance with Section 2.03(l),
equal to the product of the Liquidation Fee Rate and the related payment or Loss of Value Payment (exclusive of Default Interest); provided,
however, that any such fee payable with respect to the Serviced Companion Loan shall be payable solely from proceeds on such Serviced
Companion Loan; provided, however, that no Liquidation Fee shall be payable with respect to (a) the purchase of any
Specially Serviced Loan by the Special Servicer or any Affiliate thereof (except if such Affiliate purchaser is the Directing Certificateholder
or any Affiliate thereof; provided, however, that prior to a Control Termination Event, if the Directing Certificateholder
or an Affiliate thereof, purchases any Specially Serviced Loan within ninety (90)

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days after the Special Servicer delivers to
the Directing Certificateholder for its approval the initial Asset Status Report with respect to such Specially Serviced Loan, the Special
Servicer will not be entitled to a Liquidation Fee in connection with such purchase by the Directing Certificateholder or its Affiliates),
(b) any event described in clause (iv) and (vii) of the definition of “Liquidation Proceeds” (or any substitution in lieu
of a repurchase) so long as such repurchase, substitution or Loss of Value Payment occurs prior to the termination of the Extended Cure
Period, (c) any event described in clauses (v) and (vi) of the definition of “Liquidation Proceeds”, as long as, with respect
to a purchase pursuant to clause (vi) of the definition of “Liquidation Proceeds”, a purchase occurs within ninety (90) days
following the date that the first purchase option trigger occurs resulting in such purchase option holder’s purchase option becoming
exercisable during that period prior to such Mortgage Loan becoming a Corrected Loan pursuant to the related Intercreditor Agreement,
(d) with respect to a Serviced Companion Loan, (x) a repurchase of such Serviced Companion Loan by the applicable Mortgage Loan
Seller for a breach of a representation or warranty or for a defective or deficient mortgage loan documentation under an Other Pooling
and Servicing Agreement within the time period (or extension thereof) provided for such repurchase of such repurchase occurs prior to
the termination of the extended resolution period provided therein or (y) a purchase of such Serviced Companion Loan by any applicable
party to the Other Pooling and Servicing Agreement pursuant to a clean-up call or similar liquidation of the Other Securitization, or
(e) if a Mortgage Loan or Serviced Whole Loan becomes a Specially Serviced Loan solely because of a Servicing Transfer Event described
in clause (ii) of the definition of “Servicing Transfer Event”, Liquidation Proceeds are received within ninety (90)
days following the related Maturity Date as a result of such Mortgage Loan or Serviced Whole Loan being refinanced or otherwise repaid
in full (but, in the event that a Liquidation Fee is not payable due to the application of any of clauses (a) through (e)
above, the Special Servicer may still collect and retain a Liquidation Fee and similar fees from the related Mortgagor to the extent provided
for in, or not prohibited by, the related loan documents); provided that the Liquidation Fee with respect to any Specially Serviced
Loan will be reduced by the amount of any Excess Modification Fees paid by or on behalf of the related Mortgagor with respect to the related
Mortgage Loan and any related Companion Loan, as applicable, or REO Property and received by the Special Servicer as compensation within
the prior twelve (12) months, but only to the extent those fees have not previously been deducted from a Workout Fee or Liquidation Fee.
No Liquidation Fee shall be payable in connection with a Loss of Value Payment by a Mortgage Loan Seller, if the applicable Mortgage Loan
Seller makes such Loss of Value Payment within ninety (90) days of receipt of notice of a breach (and giving effect to an extension period
of ninety (90) days).

“Liquidation Fee
Rate”: A rate equal to the lesser of (i) 1.00% with respect to any Specially Serviced Loan and REO Property; provided
that if such rate would result in an aggregate Liquidation Fee of less than $25,000, then the Liquidation Fee Rate will be equal to such
higher rate as would result in an aggregate Liquidation Fee equal to $25,000 and (ii) such lower rate that would result in a Liquidation
Fee of $1,000,000.

“Liquidation Proceeds”:
Cash amounts received by or paid to the Master Servicer or the Special Servicer in connection with: (i) the liquidation (including
a payment in full) of a Mortgaged Property or other collateral constituting security for a Defaulted Loan or defaulted Companion Loan,
if applicable, through a trustee’s sale, foreclosure sale, REO Disposition or otherwise, exclusive of any portion thereof required
to be released to the related Mortgagor in accordance with applicable law and the terms and conditions of the related Mortgage Note and

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Mortgage; (ii) the realization upon any
deficiency judgment obtained against a Mortgagor; (iii) any sale of (A) a Specially Serviced Loan pursuant to Section 3.16(a)
or (B) any REO Property pursuant to Section 3.16(b); (iv) the repurchase of a Mortgage Loan by the applicable Mortgage
Loan Seller pursuant to Section 6 of the related Mortgage Loan Purchase Agreement; (v) the purchase of a Mortgage Loan or REO
Property by the Holders of the majority of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R
Certificates pursuant to Section 9.01; (vi) the purchase of a Mortgage Loan or an REO Property by (a) the applicable
Subordinate Companion Holder or (b) the related mezzanine lender pursuant to Section 3.16 and the related Intercreditor
Agreement; or (vii) the transfer of any Loss of Value Payments from the Loss of Value Reserve Fund to the Collection Account in accordance
with Section 3.05(g) of this Agreement (provided that, for the purpose of determining the amount of the Liquidation
Fee (if any) payable to the Special Servicer in connection with such Loss of Value Payment, the full amount of such Loss of Value Payment
shall be deemed to constitute “Liquidation Proceeds” from which the Liquidation Fee (if any) is payable as of such time such
Loss of Value Payment is made by the applicable Mortgage Loan Seller). With respect to any Whole Loan, as used in this Agreement, Liquidation
Proceeds shall refer to such portion of Liquidation Proceeds to the extent allocable to the related Mortgage Loan or related Companion
Loan, as applicable, pursuant to the terms of the related Intercreditor Agreement.

“Loan-Specific Directing
Certificateholder”: With respect to any Servicing Shift Whole Loan, the “Controlling Holder”, the “Directing
Certificateholder”, the “Directing Holder”, the “Directing Lender” or any analogous concept set forth under
the related Intercreditor Agreement. Prior to the applicable Servicing Shift Securitization Date, the Loan-Specific Directing Certificateholder
with respect to the related Servicing Shift Whole Loan will be the holder of the related Servicing Shift Lead Note. On and after the applicable
Servicing Shift Securitization Date, there will be no Loan-Specific Directing Certificateholder under this Agreement with respect to the
related Servicing Shift Whole Loan. For the avoidance of doubt, there are no Loan-Specific Directing Certificateholders in this transaction.

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

“Loss of Value Reserve
Fund”: The “outside reserve fund” (within the meaning of Treasury Regulations Section 1.860G-2(h)) designated
as such pursuant to Section 3.04(i) of this Agreement. The Loss of Value Reserve Fund will be part of the Trust Fund but not
part of any Trust REMIC.

“Lower-Tier
Distribution Amount”: As defined in Section 4.01(c).

“Lower-Tier
Principal Amount”: With respect to any Class of Lower-Tier Regular Interests or the LRI Uncertificated Interest, (i) on
or prior to the first Distribution Date, an amount equal to the Original Lower-Tier Principal Amount of such Class or the LRI Uncertificated
Interest as specified in the Preliminary Statement hereto, and (ii) as of any date of determination after the first Distribution
Date, an amount equal to the Certificate Balance of the Class of Related Certificates or the VRR Interest Balance of the RR Interest on
the Distribution Date immediately prior to such date of determination (determined as adjusted pursuant to Section 1.02(iii)),
and as set forth in Section 4.01(c).

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“Lower-Tier Regular
Interests”: Any of the Class LA1, Class LA2, Class LA4, Class LA5, Class LASB, Class LAS, Class LB, Class LC,
Class LD, Class LE, Class LF, Class LG, Class LH, Class LJ, Class LK and Class LRR Uncertificated Interests and the LRI
Uncertificated Interest.

“Lower-Tier
REMIC”: One of two separate REMICs comprising a portion of the Trust Fund, the assets of which consist of the Mortgage Loans
and the proceeds thereof, any REO Property with respect thereto (or an allocable portion thereof, in the case of any Serviced Mortgage
Loan), or the Trust’s beneficial interest in the REO Property with respect to a Non-Serviced Whole Loan, such amounts as shall
from time to time be held in the Collection Account (other than with respect to any Companion Loan), the related portion of the REO Account,
if any, the Interest Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Reserve
Account, the Lower-Tier REMIC Distribution Account, and all other properties included in the Trust Fund that are not in the Upper-Tier
REMIC, except for the Loss of Value Reserve Fund.

“Lower-Tier
REMIC Distribution Account”: The segregated account, accounts or sub-accounts created and maintained by the Certificate
Administrator (on behalf of the Trustee) pursuant to Section 3.04(b) in trust for the Certificateholders and the RR Interest
Owners, which shall initially be entitled “Computershare Trust Company, National Association, as Certificate Administrator, on behalf
of Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of Benchmark 2022-B36 Mortgage Trust,
Commercial Mortgage Pass-Through Certificates, Series 2022-B36 and the RR Interest Owners, Lower-Tier REMIC Distribution Account”.
Any such account, accounts or sub-accounts shall be an Eligible Account.

“LRI Uncertificated
Interest”: An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and
having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

“LTV Ratio”:
With respect to any Mortgage Loan or Serviced Whole Loan, as of any date of determination, a fraction, expressed as a percentage, the
numerator of which is the scheduled principal balance of such Mortgage Loan or Serviced Whole Loan, as applicable, as of such date (assuming
no defaults or prepayments on such Mortgage Loan or Serviced Whole Loan prior to that date), and the denominator of which is the Appraised
Value of the related Mortgaged Property.

“MAI”:
Member of the Appraisal Institute.

“Major Decision”:
As defined in Section 6.08(a).

“Major Decision
Reporting Package”: As defined in Section 6.08(a).

“Majority-Owned
Affiliate”: As defined in the Risk Retention Rule.

“Master Servicer”:
With respect to each of the Mortgage Loans, Midland Loan Services, a Division of PNC Bank, National Association, and its successors in
interest and assigns, or any successor appointed as allowed herein.

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“Master Servicer
Decision”: As defined in Section 3.18(j).

“Master Servicer
Proposed Course of Action”: As defined in Section 2.03(l).

“Master Servicer
Remittance Date”: The Business Day immediately preceding each Distribution Date.

“Material Defect”:
With respect to any Mortgage Loan, a Defect in any Mortgage File or a Breach, which Defect or Breach, as the case may be, materially and
adversely affects the value of such Mortgage Loan, the value of the related Mortgaged Property or the interests of the Trustee or any
Certificateholder or any RR Interest Owner therein or causes such Mortgage Loan to be other than a Qualified Mortgage.

“Maturity Date”:
With respect to any Mortgage Loan, Whole Loan or Companion Loan, as of any date of determination, the date on which the last payment of
principal is due and payable under the related Mortgage Note, after taking into account all Principal Prepayments received prior to such
date of determination, but without giving effect to (i) any acceleration of the principal of such Mortgage Loan, Whole Loan or Companion
Loan by reason of default thereunder or (ii) any Grace Period permitted by the related Mortgage Note.

“Mediation Rules”:
As defined in Section 2.03(m)(i).

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

“Merger Notice”:
As defined in Section 6.03(b).

“Modification Fees”:
With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Serviced Companion Loans, any and all fees with respect
to a modification, extension, waiver or amendment that modifies, extends, amends or waives any term of the Mortgage Loan documents and/or
related Serviced Companion Loan documents (as evidenced by a signed writing) agreed to by the Master Servicer or the Special Servicer,
as applicable (other than all assumption fees, assumption application fees, consent fees, defeasance fees, Special Servicing Fees, Liquidation
Fees or Workout Fees).

“Moody’s”:
Moody’s Investors Service, Inc., and its successors in interest. If neither Moody’s nor any successor remains in existence,
“Moody’s” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable
Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator,
the Master Servicer, the Directing Certificateholder and the Special Servicer, and specific ratings of Moody’s herein referenced
shall be deemed to refer to the equivalent ratings of the party so designated.

“Mortgage”:
With respect to any Mortgage Loan or Companion Loan, the mortgage(s), deed(s) of trust or other instrument(s) securing the related Mortgage
Note and creating a first mortgage lien on the fee and/or leasehold interest in the related Mortgaged Property.

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“Mortgage File”:
With respect to each Mortgage Loan or Companion Loan, if applicable, but subject to Section 2.01, collectively the following
documents:

(i)               
the original Mortgage Note, endorsed on its face or by allonge attached to the Mortgage Note, without recourse, to “Pay to
the order of Wilmington Trust, National Association, as Trustee for the benefit of the registered holders of Benchmark 2022-B36 Mortgage
Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36, and the RR Interest Owners, without recourse, representation or
warranty” or in blank and further showing a complete, unbroken chain of endorsement from the originator (or, if the original Mortgage
Note has been lost, an affidavit to such effect from the applicable Mortgage Loan Seller or another prior holder, together with a copy
of the Mortgage Note and an indemnity properly assigned and endorsed to the Trustee);

(ii)              
the original or a certified copy of the Mortgage, together with an original or copy of any intervening assignments of the Mortgage,
in each case with evidence of recording indicated thereon or certified to have been submitted for recording;

(iii)             an
original Assignment of Mortgage, in complete and recordable form (except for the name of the assignee, if delivered in blank, and except
for recording information not yet available, if the Mortgage or an assignment thereof has not been returned from the applicable recording
office), executed by the most recent assignee of record thereof prior to the Trustee, or if none, by the originator to “Wilmington
Trust, National Association, as trustee for the benefit of the registered holders of Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage
Pass-Through Certificates, Series 2022-B36, and the RR Interest Owners” or in blank and, in the case of any Serviced Whole Loan,
in its capacity as “Lead Securitization Note Holder” or similar capacity under the related Intercreditor Agreement on behalf
of the related Serviced Companion Noteholders;

(iv)               the
original or a copy of any related assignment of leases and of any intervening assignments (if such item is a document separate from the
Mortgage), with evidence of recording indicated thereon or certified to have been submitted for recording;

(v)              
an original assignment of any related assignment of leases (if such item is a document separate from the Mortgage) in favor of
the Trustee or in blank and (subject to the completion of certain missing recording information and, if applicable, the assignee’s
name) in recordable form (or, if the related Mortgage Loan Seller is responsible for the recordation of that assignment, a copy thereof
certified to be the copy of such assignment submitted or to be submitted for recording);

(vi)              the
original assignment of all unrecorded documents relating to the Mortgage Loan or a Serviced Whole Loan, if not already assigned pursuant
to items (iii) or (v) above;

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(vii)            originals or copies of all modification, consolidation, assumption, written assurance and substitution agreements in those instances
in which the terms or provisions of the Mortgage or Mortgage Note have been modified or the Mortgage Loan has been assumed or consolidated;

(viii)          the
original or a copy of the policy or certificate of lender’s title insurance issued in connection with the origination of such Mortgage
Loan (which may be electronically issued), or, if such policy has not been issued or located, an irrevocable, binding commitment (which
may be a marked version of the policy that has been executed by an authorized representative of the title company or an agreement to
provide the same pursuant to binding escrow instructions executed by an authorized representative of the title company) to issue such
title insurance policy;

(ix)             any
filed copies (bearing evidence of filing) or evidence of filing of any UCC Financing Statements, related amendments and continuation
statements in the possession of the applicable Mortgage Loan Seller;

(x)              
an original assignment in favor of the Trustee of any financing statement executed and filed in favor of the applicable Mortgage
Loan Seller in the relevant jurisdiction (or, if the related Mortgage Loan Seller is responsible for the filing of that assignment, a
copy thereof certified to be the copy of such assignment submitted or to be submitted for recording);

(xi)             the
original or a copy of any intercreditor agreement relating to existing debt of the borrower, including any Intercreditor Agreement relating
to a Serviced Whole Loan;

(xii)            the
original or copies of any loan agreement, escrow agreement, security agreement or letter of credit relating to a Mortgage Loan or a Serviced
Whole Loan;

(xiii)            the
original or a copy of any ground lease, ground lessor estoppel, environmental insurance policy, environmental indemnity or guaranty relating
to a Mortgage Loan or a Serviced Whole Loan;

(xiv)            the
original or a copy of any property management agreement relating to a Mortgage Loan or a Serviced Whole Loan;

(xv)             the
original or a copy of any franchise agreements and comfort letters or similar agreements relating to a Mortgage Loan or Serviced Whole
Loan and, with respect to any franchise agreement, comfort letter or similar agreement, any assignment of such agreements or any notice
to the franchisor of the transfer of a Mortgage Loan or Serviced Whole Loan and a request for confirmation that the Trust is a beneficiary
of such comfort letter or other agreement, or for the issuance of a new comfort letter in favor of the Trust, as the case may be;

    	 	68	 

    

    

(xvi)           the original or a copy of any lock-box or cash management agreement relating to a Mortgage Loan or a Serviced Whole Loan;

(xvii)          the
original or a copy of any related mezzanine intercreditor agreement;

(xviii)        the
original or a copy of all related environmental insurance policies; and

(xix)            a list related to such Mortgage Loan indicating the related Mortgage Loan documents included in the related Mortgage File as of
the Closing Date (the “Mortgage Loan Checklist”);

provided, however, that (a) whenever
the term “Mortgage File” is used to refer to documents held by the Custodian, such term shall not be deemed to include such
documents and instruments required to be included therein unless they are actually received by the Custodian, (b) if there exists
with respect to any Crossed Mortgage Loan Group only one original or certified copy of any document referred to in the definition of “Mortgage
File” covering all of the Mortgage Loans in such Crossed Mortgage Loan Group, then the inclusion of such original or certified copy
in the Mortgage File for any of the Mortgage Loans constituting such Crossed Mortgage Loan Group shall be deemed the inclusion of such
original or certified copy in the Mortgage File for each such Mortgage Loan, (c) to the extent that this Agreement refers to a “Mortgage
File” for a Companion Loan, such “Mortgage File” shall be construed to mean the Mortgage File for the related Mortgage
Loan (except that references to the Mortgage Note for a Companion Loan otherwise described above shall be construed to instead refer to
a photocopy of such Mortgage Note), (d) with respect to any Mortgage Loan that has a Serviced Companion Loan, the execution and/or
recordation of any assignment of Mortgage, any separate assignment of Assignment of Leases and any assignment of any UCC Financing Statement
in the name of the Trustee shall not be construed to limit the beneficial interest of the related Companion Holder(s) in such instrument
and the benefits intended to be provided to them by such instrument, it being acknowledged that (i) the Trustee shall hold such record
title for the benefit of the Trust as the holder of the related Mortgage Loan and the related Companion Holder(s) collectively and (ii) any
efforts undertaken by the Trustee, the Master Servicer, or the Special Servicer on its behalf to enforce or obtain the benefits of such
instrument shall be construed to be so undertaken by Trustee, the Master Servicer or the Special Servicer for the benefit of the Trust
as the holder of the applicable Mortgage Loan and the related Companion Holder(s) collectively, (e) in connection with any Non-Serviced
Mortgage Loan, the preceding document delivery requirements will be met by the delivery by the applicable Mortgage Loan Seller of copies
of the documents specified above (other than the Mortgage Note and intervening endorsements evidencing such Mortgage Loan, with respect
to which the original shall be required) including a copy of the Mortgage securing the applicable Mortgage Loan and any assignments or
other transfer documents referred to in clauses (iii), (v), (vi), (vii), (ix) and (x) above
as being in favor of the Trustee shall instead be in favor of the applicable Non-Serviced Trustee and need only be in such form as was
delivered to the applicable Non-Serviced Trustee or a custodian on its behalf, and (f) in connection with any (A) Non-Serviced Mortgage
Loan, any and all document delivery requirements as regards the related Mortgage File (or any portion thereof) set forth herein or in
the related Mortgage Loan Purchase Agreement will also be satisfied by the delivery, in compliance with the terms of the related Non-Serviced
PSA, by the applicable

    	 	69	 

    

    

Mortgage Loan Seller of the documents specified
above (other than the Mortgage Note and intervening endorsements evidencing such Mortgage Loan) to the custodian under the related Non-Serviced
PSA (in such form as was delivered to the custodian under the related Non-Serviced PSA) and (B) Servicing Shift Mortgage Loan, the
foregoing documents shall be delivered to the Custodian by the applicable Mortgage Loan Seller on or prior to the Closing Date and such
documents (other than the documents described in clause (i) above) shall be transferred to the custodian pursuant to Section 2.01(i).

Notwithstanding anything
to the contrary contained herein, with respect to a Joint Mortgage Loan, delivery of the Mortgage File (other than with respect to the
original Mortgage Note, related allonge and assignments held by or from the related Mortgage Loan Seller) by either of the applicable
Mortgage Loan Sellers shall satisfy the delivery requirements for both of the applicable Mortgage Loan Sellers.

“Mortgage Loan”:
Each of the mortgage loans (other than the Crossed Underlying Loans of a Crossed Mortgage Loan Group, it being understood that for the
purposes of this Agreement each Crossed Mortgage Loan Group shall be treated as one Mortgage Loan) transferred and assigned to the Trustee
pursuant to Section 2.01 and to be held by the Trust. As used herein, the term “Mortgage Loan” includes the related
Mortgage Note, Mortgage and other documents contained in the related Mortgage File and any related agreements. The term “Mortgage
Loan” shall, as of any date of determination, include any Qualified Substitute Mortgage Loan that has replaced a Mortgage Loan pursuant
to Section 2.03 and exclude any such replaced Mortgage Loan.

“Mortgage Loan Checklist”:
A list related to each Mortgage Loan indicating the related Mortgage Loan documents included in the related Mortgage File as of the Closing
Date.

“Mortgage Loan Purchase
Agreement”: Each agreement between the Depositor and each Mortgage Loan Seller, relating to the transfer of all of such Mortgage
Loan Seller’s right, title and interest in and to the related Mortgage Loans.

“Mortgage Loan Schedule”:
The list of Mortgage Loans transferred on the Closing Date to the Trustee as part of the Trust Fund, attached hereto as Exhibit B,
which list sets forth the following information with respect to each Mortgage Loan so transferred:

(a)              
the Loan Number;

(b)              
the Mortgage Loan Seller;

(c)              
the Mortgage Loan name;

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

(e)              
the Mortgage Rate in effect as of the Cut-off Date;

(f)               
the original principal balance;

(g)              
the Stated Principal Balance as of the Cut-off Date;

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(h)              
 the Maturity Date for each Mortgage Loan;

(i)                
the Due Date;

(j)                
(1) in the case of a Mortgage Loan that provides for payments of principal and interest during all or any part of its remaining
term following the Cut-off Date, the amount of the monthly payment of principal and interest due on each Due Date during such remaining
principal and interest term or part thereof, and (2) in the case of a Mortgage Loan that provides for payments of interest-only during
all or any part of its remaining term following the Cut-off Date, the amount of the monthly payment of interest due on each Due Date during
such remaining interest-only term or part thereof;

(k)              
the Servicing Fee Rate;

(l)                
whether the Mortgage Loan is an Actual/360 Loan;

(m)            
whether any letter of credit is held by the lender as a beneficiary or is assigned as security for such Mortgage Loan;

(n)              
whether the Mortgage Loan is part of a Whole Loan;

(o)              
whether the Mortgage Loan is secured in any part by a leasehold interest; and

(p)              
whether the Mortgage Loan has any related mezzanine debt or other subordinate debt.

“Mortgage Loan Seller”:
Each of (i) JPMorgan Chase Bank, National Association, a national banking association organized under the laws of the United States,
or its successor in interest, (ii) German American Capital Corporation, a Maryland corporation, or its successor in interest, (iii) Citi
Real Estate Funding Inc., a New York corporation, or its successor in interest and (iv) Goldman Sachs Mortgage Company, a New York limited
partnership, or its successor in interest.

“Mortgage Loan Seller
Percentage Interest”: With respect to a Joint Mortgage Loan and each applicable Mortgage Loan Seller with respect thereto, a
fraction, expressed as a percentage, the numerator of which is equal to the aggregate Cut-off Date Balance of the promissory notes contributed
by such Mortgage Loan Seller to this securitization, and the denominator of which is equal to the Cut-off Date Balance of such Joint Mortgage
Loan.

“Mortgage Note”:
The original executed note(s) evidencing the indebtedness of a Mortgagor under a Mortgage Loan or Companion Loan, as the case may be,
together with any rider, addendum or amendment thereto.

“Mortgage Rate”:
With respect to: (i) any Mortgage Loan (including any Non-Serviced Mortgage Loan) or related Serviced Pari Passu Companion Loan on
or prior to its Maturity Date, the annual rate at which interest is scheduled (in the absence of a default) to accrue on such Mortgage
Loan or related Serviced Pari Passu Companion Loan from time to time in

    	 	71	 

    

    

accordance with the related Mortgage Note and
applicable law; or (ii) any Mortgage Loan or related Serviced Pari Passu Companion Loan after its Maturity Date, the annual rate
described in clause (i) above determined without regard to the passage of such Maturity Date.

“Mortgaged Property”:
The real property subject to the lien of a Mortgage.

“Mortgagor”:
The obligor or obligors on a Mortgage Note, including without limitation, any Person that has acquired the related Mortgaged Property
and assumed the obligations of the original obligor under the Mortgage Note and including in connection with any Mortgage Loan that utilizes
an indemnity deed of trust structure, the borrower and the Mortgaged Property owner/payment guarantor/mortgagor individually and collectively,
as the context may require.

“Net Investment
Earnings”: With respect to the Collection Accounts, the Servicing Accounts or the REO Account or Companion Distribution Account
for any period from any Distribution Date to the immediately succeeding Master Servicer Remittance Date, the amount, if any, by which
the aggregate of all interest and other income realized during such period on funds relating to the Trust Fund held in such account, exceeds
the aggregate of all losses, if any, incurred during such period in connection with the investment of such funds in accordance with Section 3.06.

“Net Investment
Loss”: With respect to the Collection Account, the Servicing Accounts or the REO Account or Companion Distribution Account for
any period from any Distribution Date to the immediately succeeding Master Servicer Remittance Date, the amount by which the aggregate
of all losses, if any, incurred during such period in connection with the investment of funds relating to the Trust held in such account
in accordance with Section 3.06, exceeds the aggregate of all interest and other income realized during such period on such
funds.

“Net Mortgage Rate”:
With respect to each Mortgage Loan (including any Non-Serviced Mortgage Loan) and any REO Loan (other than the portion of an REO Loan
related to any Companion Loan) as of any date of determination, a rate per annum equal to the related Mortgage Rate then in effect,
minus the related Administrative Cost Rate; provided, however, that for purposes of calculating Pass-Through
Rates, the Net Mortgage Rate for any Mortgage Loan will be determined without regard to any modification, waiver or amendment of the terms
of the related Mortgage Loan, whether agreed to by the Master Servicer or the Special Servicer or resulting from a bankruptcy, insolvency
or similar proceeding involving the Mortgagor; provided, further, that for any Mortgage Loan that does not accrue interest
on the basis of a 360-day year consisting of twelve 30-day months, then, solely for purposes of calculating Pass-Through Rates
and the Weighted Average Net Mortgage Rate on the Regular Certificates, the Net Mortgage Rate of such Mortgage Loan or for any one-month
period preceding a related Due Date will be the annualized rate at which interest would have to accrue in respect of such Mortgage Loan
on the basis of a 360-day year consisting of twelve 30-day months in order to produce the aggregate amount of interest actually
accrued in respect of such Mortgage Loan during such one-month period at the related Net Mortgage Rate; provided, further,
that, with respect to each Actual/360 Loan, the Net Mortgage Rate for the one-month period (A) preceding the Due Dates that occur
in January and February in any year which is not a leap year or preceding the Due Date that occurs in February in any year which is a
leap year (in either case, unless the related Distribution Date is

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the final Distribution Date), will be determined
exclusive of any Withheld Amounts, and (B) preceding the Due Date in March (or February, if the related Distribution Date is the
final Distribution Date), will be determined inclusive of the amounts withheld in the immediately preceding January and February, if applicable.
With respect to any REO Loan, the Net Mortgage Rate shall be calculated as described above, determined as if the predecessor Mortgage
Loan had remained outstanding.

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

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

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

“Non-Exempt Person”
shall mean any Person other than a Person who either (i) is a U.S. Tax Person or (ii) has provided to the Certificate Administrator
for the relevant year such duly executed form(s) or statement(s) which may, from time to time, be prescribed by law and which, pursuant
to applicable provisions of (A) any income tax treaty between the United States and the country of residence of such Person, (B) the
Code or (C) any applicable rules or regulations in effect under clauses (A) or (B) above, permit the Certificate
Administrator to make such payments free of any obligation or liability for withholding, provided that duly executed form(s) provided
to the Certificate Administrator pursuant to Section 5.03(t), shall be sufficient to evidence that such providing Person is
not a Non-Exempt Person.

“Nonrecoverable
Advance”: Any Nonrecoverable P&I Advance or Nonrecoverable Servicing Advance.

“Nonrecoverable
P&I Advance”: Any P&I Advance previously made or proposed to be made in respect of a Mortgage Loan (including any Non-Serviced
Mortgage Loan) or REO Loan (other than any portion of an REO Loan related to a Companion Loan) which, in the reasonable judgment of the
Master Servicer or the Trustee, as the case may be, will not be ultimately recoverable, together with any accrued and unpaid interest
thereon at the Reimbursement Rate, from Late Collections or any other recovery on or in respect of such Mortgage Loan or REO Loan; provided,
however, that the Special Servicer may, at its option (prior to the occurrence of a Consultation Termination Event (other than
with respect to any Excluded Loan), in consultation with the Directing Certificateholder), make a determination in accordance with the
Servicing Standard, that any P&I Advance previously made or proposed to be made is a Nonrecoverable P&I Advance and shall deliver
to the Master Servicer (and with respect to a Serviced Mortgage Loan, the Master Servicer shall deliver to the master servicer and, to
the extent required under the related Intercreditor Agreement, special servicer under any Other Pooling and Servicing Agreement, and,
with respect to a Non-Serviced Mortgage Loan, the Master Servicer shall deliver to the related Non-Serviced Master Servicer under
the Non-Serviced PSA), the Certificate Administrator, the Trustee, the Directing Certificateholder, the Operating Advisor and

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the 17g-5 Information Provider notice of
such determination. Any such determination shall be conclusive and binding upon, and may be conclusively relied upon by, the Master Servicer
and the Trustee, provided, however, that the Special Servicer shall have no such obligation to make an affirmative determination
that any P&I Advance is or would be recoverable and in the absence of a determination by the Special Servicer that such P&I Advance
is or would be a Nonrecoverable P&I Advance, such decision shall remain with the Master Servicer or Trustee, as applicable. If the
Special Servicer makes a determination that only a portion, and not all, of any previously made or proposed P&I Advance is a Nonrecoverable
P&I Advance, the Master Servicer and the Trustee shall have the right to make its own subsequent determination that any remaining
portion of any such previously made or proposed P&I Advance is a Nonrecoverable P&I Advance. With respect to any Non-Serviced
Whole Loan, if any Non-Serviced Master Servicer or Non-Serviced Special Servicer, as applicable, in connection with a securitization of
the related Non-Serviced Companion Loan determines that a P&I Advance with respect to the related Non-Serviced Companion Loan, if
made, would be a Nonrecoverable P&I Advance, such determination shall not be binding on the Master Servicer and the Trustee as it
relates to any proposed P&I Advance with respect to the related Non-Serviced Mortgage Loan. Similarly, with respect to the related
Non-Serviced Mortgage Loan, if the Master Servicer, the Special Servicer or the Trustee, as applicable, determines that any P&I Advance
with respect to a related Non-Serviced Mortgage Loan, if made, would be a Nonrecoverable P&I Advance, such determination shall not
be binding on the related Non-Serviced Master Servicer and related Non-Serviced Trustee as it relates to any proposed P&I Advance
with respect to the related Non-Serviced Companion Loan (unless the related Non-Serviced PSA provides otherwise). In making such recoverability
determination, the Master Servicer, Special Servicer or Trustee, as applicable, shall be entitled (a) to consider (among other things)
(i) the obligations of the Mortgagor under the terms of the related Mortgage Loan or Companion Loan(s), as applicable, as it may
have been modified and (ii) the related Mortgaged Properties in their “as-is” or then-current conditions and occupancies,
as modified by such party’s assumptions (consistent with the Servicing Standard in the case of the Master Servicer or the Special
Servicer or in its good faith business judgment in the case of the Trustee, solely in its capacity as Trustee) regarding the possibility
and effects of future adverse change with respect to such Mortgaged Properties, (b) to estimate and consider (consistent with the
Servicing Standard in the case of the Master Servicer and the Special Servicer or in its good faith business judgment in the case of the
Trustee, solely in its capacity as Trustee) (among other things) future expenses, (c) to estimate and consider (consistent with the
Servicing Standard in the case of the Master Servicer and the Special Servicer or in its good faith business judgment in the case of the
Trustee, solely in its capacity as Trustee) (among other things) the timing of recoveries, (d) to give due regard to the existence
of any Nonrecoverable Advances which, at the time of such consideration, the recovery of which are being deferred or delayed by the Master
Servicer, the Trustee or the Special Servicer, in light of the fact that related proceeds are a source of recovery not only for the Advance
under consideration but also a potential source of recovery for such delayed or deferred Advance and (e) with respect to a Non-Serviced
Whole Loan, any non-recoverability determination of the Non-Serviced Master Servicer or Non-Serviced Trustee under the related Non-Serviced
PSA relating to a principal and interest advance for a Non-Serviced Companion Loan. In addition, any Person, in considering whether a
P&I Advance is a Nonrecoverable Advance, shall be entitled to give due regard to the existence of any outstanding Nonrecoverable Advance
or Workout-Delayed Reimbursement Amount with respect to other Mortgage Loans, the reimbursement of which, is being deferred or delayed
by the Master Servicer, the Trustee or the

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Special Servicer because there is insufficient
principal available for such recovery, in light of the fact that proceeds on the related Mortgage Loan are a source of recovery not only
for the P&I Advance under consideration, but also as a potential source of reimbursement of such Nonrecoverable Advance or Workout-Delayed
Reimbursement Amounts which are or may be being deferred or delayed. In addition, any such Person may update or change its recoverability
determinations at any time (but not reverse any other Person’s determination that an Advance is a Nonrecoverable Advance) and, consistent
with the Servicing Standard, in the case of the Master Servicer or in its good faith business judgment in the case of the Trustee (solely
in its capacity as Trustee), may obtain at the expense of the Trust any reasonably required analysis, Appraisals or market value estimates
or other information for making a recoverability determination (and, upon the reasonable request by the Trustee, Master Servicer or Special
Servicer, as applicable, the Master Servicer and the Special Servicer shall deliver any relevant Appraisals or market value estimates
in its possession to the requesting party for such purpose). Absent bad faith, the Master Servicer’s, Special Servicer’s or
the Trustee’s determination as to the recoverability of any P&I Advance shall be conclusive and binding on the Certificateholders
and the RR Interest Owners. The determination by the Master Servicer, the Special Servicer or the Trustee, as the case may be, that a
Nonrecoverable P&I Advance has been made or that any proposed P&I Advance, if made, would constitute a Nonrecoverable P&I
Advance, or any updated or changed recoverability determination, shall be evidenced by an Officer’s Certificate delivered by either
the Special Servicer or the Master Servicer to the other and to the Trustee, the Certificate Administrator, the Directing Certificateholder
(but only prior to the occurrence of a Consultation Termination Event and only with respect to any Mortgage Loan other than an Excluded
Loan) (and, in the case of a Serviced Mortgage Loan, any Other Servicer), the Operating Advisor (but only in the case of the Special Servicer)
and the Depositor, or by the Trustee to the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor and the Certificate
Administrator (and, in the case of a Serviced Mortgage Loan, any Other Servicer). The Officer’s Certificate shall set forth such
determination of nonrecoverability and the considerations of the Master Servicer, the Special Servicer or the Trustee, as applicable,
forming the basis of such determination (which shall be accompanied by, to the extent available, related income and expense statements,
rent rolls, occupancy status, property inspections and any other information used by the Master Servicer, the Special Servicer or the
Trustee, as applicable, to make such determination and shall include any existing Appraisal of the related Mortgage Loan or the related
Mortgaged Property). The Trustee shall be entitled to conclusively rely on the Master Servicer’s or Special Servicer’s determination
that a P&I Advance is or would be nonrecoverable, and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s
determination that a P&I Advance is or would be nonrecoverable. In the case of a cross-collateralized Mortgage Loan (if any),
such recoverability determination shall take into account the cross-collateralization of the related cross-collateralized Mortgage
Loan.

“Nonrecoverable
Servicing Advance”: Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan (other than a
Non-Serviced Mortgage Loan), Whole Loan or REO Property which, in the reasonable judgment of the Master Servicer, the Special Servicer
or the Trustee, as the case may be, will not be ultimately recoverable, together with any accrued and unpaid interest thereon, at the
Reimbursement Rate, from Late Collections or any other recovery on or in respect of such Mortgage Loan, Whole Loan or REO Property. In
making such recoverability determination, such Person shall be entitled (a) to consider (among other things) (i) the obligations
of the Mortgagor under the terms of the related Mortgage Loan or

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Companion Loan, as applicable, as it may have
been modified and (ii) the related Mortgaged Properties in their “as-is” or then-current conditions and occupancies,
as modified by such party’s assumptions (consistent with the Servicing Standard in the case of the Master Servicer or the Special
Servicer or in its good faith business judgment in the case of the Trustee, solely in its capacity as Trustee) regarding the possibility
and effects of future adverse change with respect to such Mortgaged Properties, (b) to estimate and consider (consistent with the
Servicing Standard in the case of the Master Servicer or the Special Servicer or in its good faith business judgment in the case of the
Trustee, solely in its capacity as Trustee) (among other things) future expenses, (c) to estimate and consider (consistent with the
Servicing Standard in the case of the Master Servicer or the Special Servicer or in its good faith business judgment in the case of the
Trustee, solely in its capacity as Trustee) (among other things) the timing of recoveries and (d) to give due regard to the existence
of any Nonrecoverable Advances which, at the time of such consideration, the recovery of which are being deferred or delayed by the Master
Servicer, the Special Servicer or the Trustee because there is insufficient principal available for such reimbursement, in light of the
fact that related proceeds are a source of recovery not only for the Advance under consideration but also a potential source of recovery
for such delayed or deferred Advance. In addition, any Person, in considering whether a Servicing Advance is a Nonrecoverable Servicing
Advance, shall be entitled to give due regard to the existence of any Nonrecoverable Advance or Workout-Delayed Reimbursement Amounts
with respect to other Mortgage Loans, the reimbursement of which, at the time of such consideration, is being deferred or delayed by the
Master Servicer, the Special Servicer or the Trustee, in light of the fact that proceeds on the related Mortgage Loan are a source of
recovery not only for the Servicing Advance under consideration, but also as a potential source of recovery of such Nonrecoverable Advance
or Workout-Delayed Reimbursement Amounts which are or may be being deferred or delayed. In addition, any such Person may update or
change its recoverability determinations at any time (but not reverse any other Person’s determination that an Advance is a Nonrecoverable
Advance) and, consistent with the Servicing Standard, in the case of the Master Servicer or in its good faith business judgment in the
case of the Trustee (solely in its capacity as Trustee), may obtain, promptly upon request, from the Special Servicer at the expense of
the Trust any reasonably required analysis, Appraisals or market value estimates or other information for making a recoverability determination
(and, upon the reasonable request by the Trustee, Master Servicer or Special Servicer, as applicable, the Master Servicer and the Special
Servicer shall deliver any relevant Appraisals or market value estimates in its possession to the requesting party for such purpose).
Absent bad faith, the Master Servicer’s, Special Servicer’s or the Trustee’s determination as to the recoverability
of any Servicing Advance shall be conclusive and binding on the Certificateholders and the RR Interest Owners. The determination by the
Master Servicer, the Special Servicer or the Trustee, as the case may be, that a Nonrecoverable Servicing Advance has been made or that
any proposed Servicing Advance, if made, would constitute a Nonrecoverable Servicing Advance, or any updated or changed recoverability
determination, shall be evidenced by an Officer’s Certificate delivered by either of the Special Servicer or Master Servicer to
the other and to the Trustee, the Certificate Administrator, the Directing Certificateholder (but only prior to the occurrence of a Consultation
Termination Event and only with respect to any Mortgage Loan other than an Excluded Loan) (and in the case of a Serviced Mortgage Loan,
any Other Servicer and Other Trustee), the Operating Advisor (but only in the case of the Special Servicer) and the Depositor, or by the
Trustee to the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor and the Certificate Administrator (and in the
case of a Serviced Mortgage Loan, any Other Servicer); provided,

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however, that the Special Servicer may,
at its option (with respect to any Specially Serviced Loan, prior to the occurrence of a Consultation Termination Event (other than with
respect to any Excluded Loan), in consultation with the Directing Certificateholder) make a determination in accordance with the Servicing
Standard, that any Servicing Advance previously made or proposed to be made is a Nonrecoverable Servicing Advance and shall deliver to
the Master Servicer (and with respect to a Serviced Mortgage Loan, the Master Servicer shall deliver to the applicable master servicer
under the related Other Pooling and Servicing Agreement, and with respect to a Non-Serviced Mortgage Loan, the Master Servicer shall deliver
to the related Non-Serviced Master), the Certificate Administrator, the Trustee, the Directing Certificateholder, the Operating Advisor
and the 17g-5 Information Provider notice of such determination. Any such determination (other than by the Special Servicer) may be
conclusively relied upon by, but shall not be binding upon, the Master Servicer and the Trustee, and any such determination by the Special
Servicer shall be conclusive and binding upon, and may be conclusively relied upon by, the Master Servicer and the Trustee, provided,
however, that the Special Servicer shall have no such obligation to make an affirmative determination that any Servicing Advance
is or would be recoverable and in the absence of a determination by the Special Servicer that such Servicing Advance is or would be a
Nonrecoverable Servicing Advance, such decision shall remain with the Master Servicer or the Trustee, as applicable. If the Special Servicer
makes a determination that only a portion, and not all, of any previously made or proposed Servicing Advance is a Nonrecoverable Servicing
Advance, the Master Servicer and the Trustee shall each have the right to make its own subsequent determination that any remaining portion
of any such previously made or proposed Servicing Advance is a Nonrecoverable Servicing Advance. The Officer’s Certificate shall
set forth such determination of nonrecoverability and the considerations of the Master Servicer, the Special Servicer or the Trustee,
as applicable, forming the basis of such determination (which shall be accompanied by, to the extent available, related income and expense
statements, rent rolls, occupancy status, property inspections and any other information used by the Master Servicer, the Special Servicer
or the Trustee, as applicable, to make such determination and shall include any existing Appraisal with respect to the related Mortgage
Loan, Serviced Companion Loan or related Mortgaged Property). The Special Servicer shall promptly furnish any party required to make Servicing
Advances hereunder with any information in its possession regarding the Specially Serviced Loans and REO Properties as such party required
to make Servicing Advances may reasonably request for purposes of making recoverability determinations. The Trustee shall be entitled
to conclusively rely on the Master Servicer’s or Special Servicer’s determination that a Servicing Advance is or would be
nonrecoverable, and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s determination that a Servicing
Advance is or would be nonrecoverable. Notwithstanding anything herein to the contrary, if the Special Servicer requests that the Master
Servicer make a Servicing Advance, the Master Servicer may conclusively rely on such request as evidence that such advance is not a Nonrecoverable
Servicing Advance; provided, however, the Special Servicer shall not be entitled to make such a request more frequently
than once per calendar month with respect to Servicing Advances other than emergency advances (although such request may relate to more
than one Servicing Advance). In the case of a cross-collateralized Mortgage Loan (if any), such recoverability determination shall
take into account the cross-collateralization of the related cross-collateralized Mortgage Loan. The determination as to the recoverability
of any Servicing Advance previously made or proposed to be made in respect of a Non-Serviced Whole Loan shall be made by the related
Non-Serviced

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Master Servicer, Non-Serviced Special Servicer
or Non-Serviced Trustee, as the case may be, pursuant to the related Non-Serviced PSA.

“Non-Registered
Certificate”: Unless and until registered under the Securities Act, any Class X-D, Class X-F, Class X-G, Class X-H, Class X-J,
Class X-K, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class R or Class RR Certificate.

“Non-Serviced Asset
Representations Reviewer”: The “Asset Representations Reviewer” under a Non-Serviced PSA.

“Non-Serviced Certificate
Administrator”: The “Certificate Administrator” under a Non-Serviced PSA.

“Non-Serviced Companion
Loan”: Each of the Pari Passu Companion Loans and Subordinate Companion Loans, if any, identified as (i) “Non-Serviced”
under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement, (ii) “Non-Serviced
A/B” under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement or (iii) “Servicing
Shift” under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement, on and after
the related Servicing Shift Securitization Date.

“Non-Serviced Custodian”:
Any custodian under a Non-Serviced PSA.

“Non-Serviced Depositor”:
The “Depositor” under a Non-Serviced PSA.

“Non-Serviced Gain-on-Sale
Proceeds”: Any “gain-on-sale proceeds” received in respect of a Non-Serviced Mortgage Loan pursuant to the related
Non-Serviced PSA.

“Non-Serviced
Indemnified Parties”: As defined in Section 6.04(i).

“Non-Serviced Intercreditor
Agreement”: Each of the Intercreditor Agreements related to the Whole Loans identified as (i) “Non-Serviced” under
the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement or (ii) “Servicing Shift”
under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement, on and after the related
Servicing Shift Securitization Date.

“Non-Serviced Master
Servicer”: The “Master Servicer” under a Non-Serviced PSA.

“Non-Serviced Mortgage
Loan”: Each of the Mortgage Loans identified as (i) “Non-Serviced” under the column entitled “Type”
in the “Whole Loan” chart in the Preliminary Statement or (ii) “Servicing Shift” under the column entitled “Type”
in the “Whole Loan” chart in the Preliminary Statement, on and after the related Servicing Shift Securitization Date.

“Non-Serviced Mortgaged
Property”: With respect to each Non-Serviced Mortgage Loan, Non-Serviced Companion Loan and Non-Serviced Whole Loan, the related
Mortgaged Property that secures such Non-Serviced Mortgage Loan, Non-Serviced Companion Loan and Non-Serviced Whole Loan.

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“Non-Serviced Operating
Advisor”: The “Operating Advisor” under a Non-Serviced PSA.

“Non-Serviced Primary
Servicing Fee Rate”: With respect to (a) each Servicing Shift Whole Loan prior to the related Servicing Shift Securitization
Date and (b) each Non-Serviced Mortgage Loan, the per annum rate set forth under the column entitled “Non-Serviced Primary
Servicing Fee Rate” in the “Whole Loan” chart in the Preliminary Statement.

“Non-Serviced
PSA”: Each of the PSAs identified under the “Non-Serviced PSA” column in the “Whole Loan” chart in the
Preliminary Statement and, on and after any Servicing Shift Securitization Date, the PSA that governs the servicing of the related Servicing
Shift Whole Loan.

“Non-Serviced Special
Servicer”: The “Special Servicer” under a Non-Serviced PSA.

“Non-Serviced Trust”:
The “Trust” formed under a Non-Serviced PSA.

“Non-Serviced Trustee”:
The “Trustee” under a Non-Serviced PSA.

“Non-Serviced Whole
Loan”: Each of the Whole Loans identified as “Non-Serviced” under the column entitled “Type” in the
“Whole Loan” chart in the Preliminary Statement and, on and after the related Servicing Shift Securitization Date, each of
the Whole Loans identified as “Servicing Shift” under the column entitled “Type” in the “Whole Loan”
chart in the Preliminary Statement.

“Non-Serviced Whole
Loan Controlling Holder”: The “directing certificateholder” or similarly defined party under a Non-Serviced PSA.

“Non-Specially Serviced
Loan”: Any Mortgage Loan (other than a Non-Serviced Mortgage Loan) or Serviced Companion Loan that is not a Specially Serviced
Loan.

“Non-U.S. Beneficial
Ownership Certification”: As defined in Section 5.03(f).

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

“Non-VRR Certificateholders”:
The Holders of Non-VRR Certificates.

“Non-VRR Certificates”:
The Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class X-B, Class A-S, Class X-D, Class X-F, Class X-G, Class X-H,
Class X-J, Class X-K, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J and Class K Certificates.

“Non-VRR Excess
Prepayment Interest Shortfall”: For any Distribution Date, the Non-VRR Percentage of the Excess Prepayment Interest Shortfall
for such Distribution Date.

“Non-VRR Gain-on-Sale
Remittance Amount”: For each Distribution Date, the lesser of (i) the amount on deposit in the Non-VRR Gain-on-Sale Reserve
Account on such

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Distribution Date, and (ii) the Non-VRR Percentage
of the Aggregate Gain-on-Sale Entitlement Amount.

“Non-VRR Gain-on-Sale
Reserve Account”: A custodial account or accounts (or subaccount of the Distribution Account) created and maintained by the
Certificate Administrator, pursuant to Section 3.04(e) on behalf of the Trustee for the benefit of the Non-VRR Certificateholders,
which shall initially be entitled “Computershare Trust Company, National Association, as Certificate Administrator, on behalf of
Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of Benchmark 2022-B36 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2022-B36, Non-VRR Gain-on-Sale Reserve Account”. Any such account shall be
an Eligible Account or a subaccount of an Eligible Account.

“Non-VRR Percentage”:
An amount expressed as a percentage equal to 100% minus the VRR Percentage. For the avoidance of doubt, at all times, the sum of the VRR
Percentage and the Non-VRR Percentage shall equal 100%.

“Non-VRR Principal
Distribution Amount”: With respect to any Distribution Date and the Principal Balance Certificates, an amount equal to the sum
of (a) the Principal Shortfall for such Distribution Date and (b) the Non-VRR Percentage of the Aggregate Principal Distribution
Amount for such Distribution Date.

“Non-VRR Realized
Loss”: With respect to the Mortgage Loans and any Distribution Date, the amount, if any, by which (i) the aggregate Certificate
Balance of the Principal Balance Certificates, after giving effect to distributions of principal on such Distribution Date, exceeds (ii)
product of (A) the Non-VRR Percentage and (B) the aggregate Stated Principal Balance of the Mortgage Loans in the Mortgage Pool (for purposes
of this calculation, the aggregate Stated Principal Balance shall not be reduced by the amount of principal payments received on the Mortgage
Loans that were used to reimburse the Master Servicer or the Trustee from general collections of principal on the Mortgage Loans for Workout-Delayed
Reimbursement Amounts, to the extent those amounts are not otherwise determined to be Nonrecoverable Advances), including any REO Loans
(but in each case, excluding any Companion Loan), as of the end of the last day of the related Collection Period.

“Notional Amount”:
In the case of the Class X-A Certificates, the Class X-A Notional Amount; in the case of the Class X-B Certificates, the
Class X-B Notional Amount; in the case of the Class X-D Certificates, the Class X-D Notional Amount; in the case of the Class X-F
Certificates, the Class X-F Notional Amount; in the case of the Class X-G Certificates, the Class X-G Notional Amount; in the case of
the Class X-H Certificates, the Class X-H Notional Amount; in the case of the Class X-J Certificates, the Class X-J Notional Amount; and
in the case of the Class X-K Certificates, the Class X-K Notional Amount.

“NRSRO”:
Any nationally recognized statistical rating organization within the meaning of Section 3(a)(62) of the Exchange Act, including the
Rating Agencies.

“NRSRO Certification”:
A certification (a) substantially in the form of Exhibit P-2 executed by a NRSRO or (b) provided electronically and
executed by such NRSRO by means of

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a “click-through” confirmation
on the 17g-5 Information Provider’s Website, in either case in favor of the 17g-5 Information Provider that states that
such NRSRO is a Rating Agency under this Agreement or that such NRSRO has provided the Depositor with the appropriate certifications pursuant
to paragraph (e) of Rule 17g-5 of the Exchange Act, that such NRSRO has access to the Depositor’s 17g-5 website
and that such NRSRO will keep such information confidential, except to the extent such information has been made available to the general
public. Each NRSRO shall be deemed to recertify to the foregoing each time it accesses the 17g-5 Information Provider’s Website.

“OCC”:
Office of the Comptroller of the Currency.

“Officer’s
Certificate”: A certificate signed by a Servicing Officer of the Master Servicer or the Special Servicer or any Additional Servicer,
as the case may be, or a Responsible Officer of the Trustee or Certificate Administrator, as the case may be.

“Offshore Transaction”:
Any “offshore transaction” as defined in Rule 902(h) of Regulation S.

“Operating Advisor”:
Park Bridge Lender Services LLC, a New York limited liability company and an indirect wholly owned subsidiary of Park Bridge Financial
LLC, and its successors in interest and assigns, or any successor operating advisor appointed as herein provided.

“Operating Advisor
Annual Report”: As defined in Section 3.26(c).

“Operating Advisor
Consulting Fee”: A fee for each Major Decision on which the Operating Advisor has consulting obligations and performed its duties
with respect to such Major Decision equal to $10,000 or such lesser amount as the related Mortgagor pays with respect to any Mortgage
Loan (other than any Non-Serviced Mortgage Loan), payable pursuant to Section 3.05 of this Agreement; provided that
no such fee shall be payable unless specifically paid by the related Mortgagor as a separately identifiable fee; provided, further,
that the Operating Advisor may in its sole discretion reduce the Operating Advisor Consulting Fee with respect to any Major Decision;
provided, further, that the Master Servicer or Special Servicer, as applicable, may waive or reduce the amount of any Operating
Advisor Consulting Fee payable by the related Mortgagor if it determines that such full or partial waiver is in accordance with the Servicing
Standard (provided that the Master Servicer or the Special Servicer, as applicable, shall consult, on a non-binding basis, with
the Operating Advisor prior to any such waiver or reduction).

“Operating Advisor
Expenses”: With respect to any Distribution Date, an amount equal to any unreimbursed indemnification amounts or additional
Trust Fund expenses payable to the Operating Advisor pursuant to this Agreement (other than the Operating Advisor Fee and the Operating
Advisor Consulting Fee).

“Operating Advisor
Fee”: With respect to each Mortgage Loan and REO Loan (including each Non-Serviced Mortgage Loan but excluding any Companion
Loan), the fee payable to the Operating Advisor pursuant to Section 3.26(i).

“Operating Advisor
Fee Rate”: With respect to each Interest Accrual Period related to any applicable Distribution Date, a per annum rate
of 0.00191%.

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“Operating Advisor
Standard”: The requirement that the Operating Advisor must act solely on behalf of the Trust and in the best interest of, and
for the benefit of, the Certificateholders and the RR Interest Owners and, with respect to any Serviced Whole Loan for the benefit of
the holders of the related Companion Loan(s) (as a collective whole as if such Certificateholders, the RR Interest Owners and Companion
Holders constituted a single lender, taking into account the pari passu nature of any related Pari Passu Companion Loan and the subordinate
nature of any related AB Subordinate Companion Loan), and not to any particular Class of Certificateholders or the RR Interest Owners
(as determined by the Operating Advisor in the exercise of its good faith and reasonable judgment), but without regard to any conflict
of interest arising from any relationship that the Operating Advisor or any of its Affiliates may have with any of the underlying Mortgagors,
a manager of a Mortgaged Property, the Mortgage Loan Sellers, the Depositor, the Master Servicer, the Special Servicer, the Asset Representations
Reviewer, any Risk Retention Consultation Party, the Directing Certificateholder, any Certificateholder, any RR Interest Owner or any
of their Affiliates.

“Operating Advisor
Termination Event”: Any of the following events, whether any such event is voluntary or involuntary or is effected by operation
of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental
body:

(a)              
any failure by the Operating Advisor to observe or perform in any material respect any of its covenants or agreements or the material
breach of any of its representations or warranties under this Agreement, which failure continues unremedied for a period of thirty (30)
days after the date on which written notice of such failure, requiring the same to be remedied, is given to the Operating Advisor by any
party to this Agreement or to the Operating Advisor, the Certificate Administrator and the Trustee by the Holders of Certificates having
greater than 25% of the aggregate Voting Rights, provided that with respect to any such failure which is not curable within such
thirty (30) day period, the Operating Advisor will have an additional cure period of thirty (30) days to effect such cure so long as it
has commenced to cure such failure within the initial thirty (30) day period and has provided the Trustee and the Certificate Administrator
with an officer’s certificate certifying that it has diligently pursued, and is continuing to pursue, such cure;

(b)              
any failure by the Operating Advisor to perform in accordance with the Operating Advisor Standard which failure continues unremedied
for a period of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied, is given in
writing to the Operating Advisor by any party to this Agreement;

(c)              
any failure by the Operating Advisor to be an Eligible Operating Advisor, which failure continues unremedied for a period of thirty
(30) days after the date on which written notice of such failure, requiring the same to be remedied, is given in writing to the Operating
Advisor by any party to this Agreement;

(d)              
a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver

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or liquidator in any insolvency, readjustment
of debt, marshaling of assets and liabilities or similar proceedings, or for the winding up or liquidation of its affairs, shall have
been entered against the Operating Advisor, and such decree or order shall have remained in force undischarged or unstayed for a period
of sixty (60) days;

(e)              
the Operating Advisor consents to the appointment of a conservator or receiver or liquidator or liquidation committee in any insolvency,
readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or similar proceedings of or relating to the Operating
Advisor or of or relating to all or substantially all of its property; or

(f)               
the Operating Advisor admits in writing its inability to pay its debts generally as they become due, files a petition to take advantage
of any applicable insolvency or reorganization statute, makes an assignment for the benefit of its creditors, or voluntarily suspends
payment of its obligations.

“Opinion of Counsel”:
A written opinion of counsel, who may, without limitation, be salaried counsel for the Depositor, the Master Servicer, the Special Servicer,
the Operating Advisor or the Asset Representations Reviewer, acceptable in form and delivered to the Trustee and the Certificate Administrator,
except that any opinion of counsel relating to (a) the qualification of any Trust REMIC as a REMIC for taxation purposes, (b) compliance
with the REMIC Provisions, or (c) the resignation of the Master Servicer, the Special Servicer or the Depositor pursuant to Section 6.05,
must be an opinion of counsel who is in fact Independent of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor
and the Asset Representations Reviewer.

“Original Certificate
Balance”: With respect to any Class of Principal Balance Certificates or Class RR Certificates, the initial aggregate principal
amount thereof as of the Closing Date, in each case as specified in the Preliminary Statement.

“Original Lower-Tier
Principal Amount”: With respect to any Class of Lower-Tier Regular Interest, the initial principal amount thereof as of the
Closing Date, in each case as specified in the Preliminary Statement.

“Original Notional
Amount”: With respect to the Class X-A Notional Amount, the Class X-B Notional Amount, the Class X-D Notional Amount,
the Class X-F Notional Amount, the Class X-G Notional Amount, the Class X-H Notional Amount, the Class X-J Notional Amount and the Class
X-K Notional Amount, the applicable initial Notional Amount thereof as of the Closing Date, as specified in the Preliminary Statement.

“Original RR Interest
Balance”: With respect to the RR Interest, an amount equal to the initial RR Interest Balance as specified in the Preliminary
Statement hereto.

“Other Certificate
Administrator”: Any certificate administrator under an Other Pooling and Servicing Agreement.

“Other Depositor”:
Any depositor under an Other Pooling and Servicing Agreement.

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“Other Pooling and
Servicing Agreement”: Any trust and servicing agreement or pooling and servicing agreement, as applicable, that creates a trust
whose assets include any Serviced Companion Loan.

“Other Securitization”:
As defined in Section 11.06.

“Other Servicer”:
Any master servicer or special servicer, as applicable, under an Other Pooling and Servicing Agreement. With respect to the delivery of
any notices, reports or other information required to be delivered pursuant to this Agreement by any party hereto to an Other Servicer,
“Other Servicer” shall mean the master servicer under the applicable Other Pooling and Servicing Agreement and, only to the
extent required by or contemplated by the related Intercreditor Agreement, the special servicer under the applicable Other Pooling and
Servicing Agreement.

“Other Trustee”:
Any trustee under an Other Pooling and Servicing Agreement.

“Ownership Interest”:
As to any Certificate, any ownership or security interest in such Certificate as the Holder thereof and any other interest therein, whether
direct or indirect, legal or beneficial, as owner or as pledgee.

“P&I Advance”:
As to any Mortgage Loan or REO Loan (but not any related Companion Loan), any advance made by the Master Servicer or the Trustee,
as applicable, pursuant to Section 4.03 or Section 7.05.

“P&I Advance
Determination Date”: With respect to any Distribution Date, the close of business on the related Determination Date.

“Pari Passu Companion
Loan”: A Companion Loan that is pari passu in right of payment with the Mortgage Loan included in the related Whole Loan.

“Pass-Through
Rate”: Any of the Class A-1 Pass-Through Rate, the Class A-2 Pass-Through Rate, the Class A-4 Pass-Through
Rate, the Class A-5 Pass-Through Rate, the Class A-SB Pass-Through Rate, the Class A-S Pass-Through Rate, the
Class B Pass-Through Rate, the Class C Pass-Through Rate, the Class D Pass-Through Rate, the Class E Pass-Through
Rate, the Class F Pass-Through Rate, the Class G Pass-Through Rate, the Class H Pass-Through Rate, the Class J
Pass-Through Rate, the Class K Pass-Through Rate, the Class X-A Pass-Through Rate, the Class X-B Pass-Through
Rate, the Class X-D Pass-Through Rate, the Class X-F Pass-Through Rate, the Class X-G Pass-Through Rate, the Class X-H Pass-Through Rate,
the Class X-J Pass-Through Rate and the Class X-K Pass-Through Rate, as the case may be.

The Class R Certificates
do not have a Pass-Through Rate.

Although it does not have
a specified Pass-Through Rate (other than for tax reporting purposes), the effective interest rate for the VRR Interest shall be the VRR
Interest Rate for the related Distribution Date.

“PCAOB”:
The Public Company Accounting Oversight Board.

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“Penalty Charges”:
With respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Serviced Companion Loan (or any successor REO Loan),
any amounts actually collected thereon (or, in the case of a Serviced Companion Loan (or any successor REO Loan thereto) that is part
of a Serviced Whole Loan, actually collected on such Serviced Whole Loan and allocated and paid on such Serviced Companion Loan (or any
successor REO Loan) in accordance with the related Intercreditor Agreement) that represent late payment charges or Default Interest, other
than a Prepayment Premium or a Yield Maintenance Charge.

“Percentage Interest”:
As to any Certificate (other than the Class R Certificates), the percentage interest evidenced thereby in distributions required
to be made with respect to the related Class. With respect to any Certificate (other than the Class R Certificates), the percentage
interest is equal to the Denomination as of the Closing Date of such Certificate divided by the Original Certificate Balance or Original
Notional Amount, as applicable, of such Class of Certificates as of the Closing Date. With respect to a Class R Certificate, the
Percentage Interest is set forth on the face thereof.

“Performance Certification”:
As defined in Section 11.06.

“Performing Party”:
As defined in Section 11.12.

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

“Permitted Investments”:
Any one or more of the following obligations or securities (including obligations or securities of the Certificate Administrator, or managed
by the Certificate Administrator or any Affiliate of the Certificate Administrator, if otherwise qualifying hereunder), regardless of
whether issued by the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, or any of their
respective Affiliates and having the required ratings, if any, provided for in this definition and which shall not be subject to liquidation
prior to maturity:

(i)               
direct obligations of, and obligations fully guaranteed as to timely payment of principal and interest by, the United States of
America, Fannie Mae, Freddie Mac or any agency or instrumentality of the United States of America, the obligations of which are backed
by the full faith and credit of the United States of America that mature in one (1) year or less from the date of acquisition; provided
that any obligation of, or guarantee by, any agency or instrumentality of the United States of America shall be a Permitted Investment
only if such investment would not result in the downgrading, withdrawal or qualification of the then-current rating assigned by each Rating
Agency to any Certificate (or, insofar as there is then

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outstanding any class of Serviced Companion
Loan Securities that are then rated by such Rating Agency, such class of securities) as evidenced in writing, other than (a) unsecured
senior debt obligations of the U.S. Treasury (direct or fully funded obligations), U.S. Department of Housing and Urban Development public
housing agency bonds, Federal Housing Administration debentures, Government National Mortgage Association guaranteed mortgage-backed securities
or participation certificates, RefCorp debt obligations and SBA-guaranteed participation certificates and guaranteed pool certificates
and (b) Farm Credit System consolidated systemwide bonds and notes, Federal Home Loan Banks’ consolidated debt obligations, Freddie
Mac debt obligations, and Fannie Mae debt obligations rated at least “A-1” by S&P, if such obligations mature in sixty
(60) days or less, or rated at least “AA-”, “A-1+” or (with respect to money market fund investments only) “AAAm”
by S&P, if such obligations mature in 365 days or less;

(ii)              
time deposits, unsecured certificates of deposit, or bankers’ acceptances that mature in one (1) year or less after the date
of issuance and are issued or held by any depository institution or trust company (including the Trustee) incorporated or organized under
the laws of the United States of America or any State thereof and subject to supervision and examination by federal or state banking authorities
that, in each case, satisfy the Applicable Fitch Permitted Investment Rating, the Applicable DBRS Morningstar Permitted Investment Rating
and the Applicable Moody’s Permitted Investment Rating; or, in each case, such other rating as would not result in the downgrading,
withdrawal or qualification of the then-current rating assigned by each Rating Agency to any Class of Certificates (or, insofar as
there is then outstanding any class of Serviced Companion Loan Securities that is then rated by such rating agency, such class of securities)
as evidenced in writing;

(iii)              repurchase
agreements or obligations with respect to any security described in clause (i) above where such security has a remaining maturity of
one year or less and where such repurchase obligation has been entered into with a depository institution or trust company (acting as
principal) described in clause (ii) above;

(iv)               debt
obligations bearing interest or sold at a discount issued by any corporation incorporated under the laws of the United States of America
or any state thereof which mature in one (1) year or less from the date of acquisition that, in each case, satisfy the Applicable Fitch
Permitted Investment Rating, the Applicable DBRS Morningstar Permitted Investment Rating and the Applicable Moody’s Permitted Investment
Rating (or, in the case of any such Rating Agency, such lower rating as is the subject of a Rating Agency Confirmation by such Rating
Agency in addition to a Rating Agency Confirmation from each Rating Agency not rating such debt obligations); provided, however,
that securities issued by any particular corporation will not be Permitted Investments to the extent that investment therein will cause
the then outstanding principal amount of securities issued by such corporation and held in the accounts established hereunder to exceed

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10% of the sum of the aggregate principal
balance and the aggregate principal amount of all Permitted Investments in such accounts;

(v)              
   commercial paper of any corporation incorporated under the laws of the United States or any state thereof (or of any corporation
not so incorporated, provided that the commercial paper is United States Dollar denominated and amounts payable thereunder are not subject
to any withholding imposed by any non-United States jurisdiction) that, in each case, satisfy the Applicable Fitch Permitted Investment
Rating, the Applicable DBRS Morningstar Permitted Investment Rating and the Applicable Moody’s Permitted Investment Rating (or such
lower rating as is the subject of a Rating Agency Confirmation by such Rating Agency relating to the Certificates and any Serviced Companion
Loan Securities in addition to a Rating Agency Confirmation from each Rating Agency not rating such commercial paper);

(vi)                  money
market funds which seek to maintain a constant net asset value per share, rated “Aaa-mf” by Moody’s and in the highest
rating categories of Fitch and DBRS Morningstar (if so rated by each such Rating Agency (and if not rated by any such Rating Agency,
an equivalent rating (or higher) by at least two (2) NRSROs (which may include Fitch, KBRA, DBRS Morningstar, Moody’s and/or
S&P))), which may include the investments referred to in clause (i) hereof if so qualified that (a) have substantially
all of their assets invested continuously in the types of investments referred to in clause (i) above and (b) have
net assets of not less than $5,000,000,000;

(vii)                 any
other demand, money market or time deposit, obligation, security or investment, but for the failure to satisfy one or more of the minimum
rating(s) set forth in the applicable clause, would be listed in clauses (i) – (vi) above with respect
to which a Rating Agency Confirmation has been obtained from each Rating Agency for which the minimum ratings set forth in the applicable
clause is not satisfied with respect to such demand, money market or time deposit, obligation, security or investment and confirmation
of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of its then-current
ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant
to Section 3.25); and

(viii)                any
other demand, money market or time deposit, obligation, security or investment not listed in clauses (i) –
(vi) above with respect to which a Rating Agency Confirmation has been obtained from each and every Rating Agency;

provided, however, that with
respect to any Permitted Investment for which a rating by S&P is required as set forth above, such rating must be an unqualified rating
(i.e., one with no qualifying suffix), with the exception of ratings with regulatory indicators, such as the (sf) subscript, and unsolicited
ratings; provided, further, however, that each Permitted Investment qualifies as a “cash

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flow investment” pursuant to Section 860G(a)(6)
of the Code, and that (a) it shall have a predetermined fixed dollar of principal due at maturity that cannot vary or change and
(b) any such investment that provides for a variable rate of interest must have an interest rate that is tied to a single interest
rate index plus a fixed spread, if any, and move proportionately with such index; and provided, further, however,
that no such instrument shall be a Permitted Investment (a) if such instrument evidences principal and interest payments derived
from obligations underlying such instrument and the interest payments with respect to such instrument provide a yield to maturity at the
time of acquisition of greater than 120% of the yield to maturity at par of such underlying obligations or (b) if such instrument
may be redeemed at a price below the purchase price; and provided, further, however, that no amount beneficially
owned by any Trust REMIC (even if not yet deposited in the Trust) may be invested in investments (other than money market funds) treated
as equity interests for federal income tax purposes, unless the Master Servicer receives an Opinion of Counsel, at its own expense, to
the effect that such investment will not adversely affect the status of any Trust REMIC. Permitted Investments may not be purchased at
a price in excess of par and may not be interest-only securities.

“Permitted Special
Servicer/Affiliate Fees”: Any commercially reasonable treasury management fees, banking fees, title agency fees, insurance commissions
or fees received or retained by the Special Servicer or any of its Affiliates in connection with any services performed by such party
with respect to any Mortgage Loan and Serviced Companion Loan (including any related REO Property) in accordance with this Agreement.

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

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

“Plan”:
As defined in Section 5.03(n).

“Pre-close Information”:
As defined in Section 3.13(c).

“Preliminary Dispute
Resolution Election Notice”: As defined in Section 2.03(l)(i).

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“Prepayment Assumption”:
A “constant prepayment rate” of 0% used for determining the accrual of original issue discount and market discount, if any,
and the amortization premium, if any, on the Certificates and the RR Interest for federal income tax purposes.

“Prepayment Interest
Excess”: For any Distribution Date and with respect to any Mortgage Loan or Serviced Whole Loan that was subject to a Principal
Prepayment (with such prepayment allocated between the related Mortgage Loan and Serviced Companion Loan in accordance with the related
Intercreditor Agreement) in full or in part during the related Collection Period, which Principal Prepayment was applied to such Mortgage
Loan or Serviced Whole Loan, as applicable, after the related Due Date and prior to the following Determination Date, the amount of interest
(net of the related Servicing Fees), to the extent collected from the related Mortgagor (without regard to any Prepayment Premium or Yield
Maintenance Charge actually collected), that would have accrued at a rate per annum equal to the sum of (x) the related Net
Mortgage Rate for such Mortgage Loan or Serviced Whole Loan, as applicable, and (y) the Certificate Administrator Fee Rate, the Operating
Advisor Fee Rate and the Asset Representations Reviewer Fee Rate, on the amount of such Principal Prepayment from such Due Date to, but
not including, the date of such prepayment (or any later date through which interest accrues).

“Prepayment Interest
Shortfall”: For any Distribution Date and with respect to any Mortgage Loan or Serviced Whole Loan that was subject to a Principal
Prepayment (with such prepayment allocated between the related Mortgage Loan and Serviced Companion Loan in accordance with the related
Intercreditor Agreement) in full or in part during the related Collection Period, which Principal Prepayment was applied to such Mortgage
Loan or Serviced Whole Loan, as applicable, after the related Determination Date (or, with respect to each Mortgage Loan or Serviced Companion
Loan, as applicable, with a Due Date occurring after the related Determination Date, the related Due Date) and prior to the following
Due Date, the amount of interest (net of the related Servicing Fees, to the extent not collected from the related Mortgagor (without regard
to any Prepayment Premium or Yield Maintenance Charge actually collected), that would have accrued at a rate per annum equal to
the sum of (x) the related Net Mortgage Rate for such Mortgage Loan or Serviced Whole Loan, as applicable and (y) the Certificate
Administrator Fee Rate, the Operating Advisor Fee Rate and the Asset Representations Reviewer Fee Rate, on the amount of such Principal
Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan or Serviced
Whole Loan, as applicable, and ending on such following Due Date. With respect to any AB Whole Loan, any Prepayment Interest Shortfall
for any Distribution Date shall be allocated first to the related AB Subordinate Companion Loan and then to the related Mortgage
Loan and any related Pari Passu Companion Loan.

“Prepayment Premium”:
With respect to any Mortgage Loan, any premium, fee or other additional amount (other than a Yield Maintenance Charge) paid or payable,
as the context requires, by a Mortgagor in connection with a principal prepayment on, or other early collection of principal of, that
Mortgage Loan or any successor REO Loan with respect thereto (including any payoff of a Mortgage Loan by a mezzanine lender on behalf
of the subject Mortgagor if and as set forth in the related Intercreditor Agreement).

“Primary Collateral”:
With respect to any Crossed Underlying Loan, that portion of the Mortgaged Property designated as directly securing such Crossed Underlying
Loan and

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excluding any Mortgaged Property as to which
the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Crossed Underlying Loan.

“Primary Servicing
Fee”: The monthly fee payable by the Master Servicer solely from the Servicing Fee to each Initial Sub-Servicer, which monthly
fee accrues at the rate per annum specified as such in the Sub-Servicing Agreement with such Initial Sub-Servicer.

“Prime Rate”:
The “Prime Rate” as published in the “Money Rates” section of the New York City edition of The Wall Street
Journal (or, if such section or publication is no longer available, such other comparable publication as determined by the Certificate
Administrator in its reasonable discretion) as may be in effect from time to time, or, if the “Prime Rate” no longer exists,
such other comparable rate (as determined by the Certificate Administrator in its reasonable discretion) as may be in effect from time
to time; provided that, solely with respect to the Master Servicer, the Prime Rate shall be subject to a floor rate of 2.0%.

“Principal Balance
Certificates”: Each of the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S,
Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J and Class K Certificates.

“Principal Prepayment”:
Any payment of principal made by the Mortgagor on a Mortgage Loan that is received in advance of its scheduled Due Date as a result of
such prepayment.

“Principal Shortfall”:
For any Distribution Date after the initial Distribution Date with respect to the Mortgage Loans, the amount, if any, by which (a) the
related Non-VRR Principal Distribution Amount for the preceding Distribution Date, exceeds (b) the aggregate amount actually distributed
on the preceding Distribution Date in respect of such Non-VRR Principal Distribution Amount. The Principal Shortfall for the initial Distribution
Date will be zero.

“Privileged Communications”:
Any correspondence between the Directing Certificateholder and the Special Servicer referred to in clause (i) of the definition
of “Privileged Information”.

“Privileged Information”:
Any (i) correspondence between the Directing Certificateholder or a Risk Retention Consultation Party and the Special Servicer related
to any Specially Serviced Loan (other than with respect to any Excluded Loan) or the exercise of the Directing Certificateholder’s
consent or consultation rights or consultation rights of a Risk Retention Consultation Party under this Agreement, (ii) strategically
sensitive information (including, without limitation, information contained within any Asset Status Report or Final Asset Status Report)
that the Special Servicer has reasonably determined could compromise the Trust’s position in any ongoing or future negotiations
with the related Mortgagor or other interested party and that is labeled or otherwise identified as Privileged Information by the Special
Servicer and (iii) information subject to attorney-client privilege. The Master Servicer, the Special Servicer, the Operating Advisor
and the Asset Representations Reviewer shall be entitled to rely on any identification of materials as “attorney-client privileged”
without liability for any such reliance hereunder.

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“Privileged Information
Exception”: With respect to any Privileged Information, at any time (a) such Privileged Information becomes generally available
and known to the public other than as a result of a disclosure directly or indirectly by the party restricted from disclosing such Privileged
Information (the “Restricted Party”), (b) it is reasonable and necessary for the Restricted Party to disclose
such Privileged Information in working with legal counsel, auditors, arbitration parties, taxing authorities or other governmental agencies,
(c) such Privileged Information was already known to such Restricted Party and not otherwise subject to a confidentiality obligation
and/or (d) the Restricted Party is (in the case of the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer, the Certificate Administrator and the Trustee, based on advice of legal counsel), required by law, rule, regulation, order,
judgment or decree to disclose such information.

“Privileged Person”:
The Depositor and its designees, the Initial Purchasers, the Underwriters, the Mortgage Loan Sellers, the Master Servicer, the Special
Servicer (including, for the avoidance of doubt, any Excluded Special Servicer), the Trustee, the Certificate Administrator, any Additional
Servicer designated by the Master Servicer or the Special Servicer, the Operating Advisor, any Affiliate of the Operating Advisor designated
by the Operating Advisor, the Asset Representations Reviewer, any Companion Holder who provides an Investor Certification, any Person
(including the Directing Certificateholder, a Risk Retention Consultation Party or a VRR Interest Owner) who provides the Certificate
Administrator with an Investor Certification and any NRSRO (including any Rating Agency) that provides the Certificate Administrator with
an NRSRO Certification, which Investor Certification and NRSRO Certification may be submitted electronically via the Certificate Administrator’s
Website; provided, however, that in no event may a Borrower Party (other than a Borrower Party that is a Risk Retention
Consultation Party or the Special Servicer) be entitled to receive (i) if such party is the Directing Certificateholder or any Controlling
Class Certificateholder, any Excluded Information via the Certificate Administrator’s Website (unless a loan-by-loan segregation
is later performed by the Certificate Administrator in which case such access shall only be prohibited with respect to the related Excluded
Controlling Class Loan(s)), and (ii) if such party is not the Directing Certificateholder or any Controlling Class Certificateholder,
any information other than the Distribution Date Statement. In determining whether any Person is an Additional Servicer or an Affiliate
of the Operating Advisor, the Certificate Administrator may rely on a certification by the Master Servicer, the Special Servicer, any
Mortgage Loan Seller or the Operating Advisor, as the case may be.

Notwithstanding anything
to the contrary in this Agreement, if the Special Servicer obtains knowledge that it has become a Borrower Party, the Special Servicer
shall nevertheless be a Privileged Person; provided that the Special Servicer (i) shall not directly or indirectly provide
any information related to any Excluded Special Servicer Loan to (A) the related Borrower Party, (B) any of the Special Servicer’s
employees or personnel or any of its Affiliates involved in the management of any investment in the related Borrower Party or the related
Mortgaged Property or (C) to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest in the related
Borrower Party, and (ii) shall maintain sufficient internal controls and appropriate policies and procedures in place in order to
comply with the obligations described in clause (i) above; provided, further, that nothing in this Agreement
shall be construed as an obligation of the Master Servicer or the Certificate Administrator to restrict the Special Servicer’s access
to any information on the Master Servicer’s Internet website or the Certificate Administrator’s Website and in no case shall
the Master Servicer or the Certificate Administrator be held liable if the Special

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Servicer accesses any Excluded Special Servicer
Information relating to the Excluded Special Servicer Loans; and provided, further, that any Excluded Controlling Class
Holder shall be permitted to reasonably request and obtain in accordance with Section 4.02(f) of this Agreement any Excluded
Information relating to any Excluded Controlling Class Loan with respect to which such Excluded Controlling Class Holder is not a Borrower
Party (if such Excluded Information is not otherwise available to such Excluded Controlling Class Holder via the Certificate Administrator’s
Website on account of it constituting Excluded Information) from the Master Servicer or the Special Servicer, as the case may be. Notwithstanding
any provision to the contrary herein, neither the Master Servicer nor the Certificate Administrator shall have any obligation to restrict
access by the Special Servicer or any Excluded Special Servicer to any information related to any Excluded Special Servicer Loan.

“Prohibited Party”:
Any proposed Servicing Function Participant that is listed on the Depositor’s Do Not Hire List.

“Prohibited Prepayment”:
As defined in the definition of Compensating Interest Payments.

“Proposed Course
of Action”: As defined in Section 2.03(l)(i).

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

“Prospectus”:
The Prospectus, dated August 10, 2022, relating to the offering of the Registered Certificates.

“PSA Party Repurchase
Request”: As defined in Section 2.03(k)(ii).

“PTCE”:
Prohibited Transaction Class Exemption.

“Purchase Price”:
With respect to any Mortgage Loan (or any related REO Loan) (including, to the extent required pursuant to the final paragraph of this
definition, any related Companion Loan) to be purchased pursuant to (A) Section 6 of the related Mortgage Loan Purchase Agreement
by the related Mortgage Loan Seller, (B) Section 3.16, or (C) Section 9.01, a price, without duplication,
equal to:

(i)               
the outstanding principal balance of such Mortgage Loan (or any related REO Loan (including for such purpose, to the extent required
pursuant to the final paragraph of this definition, the related Companion Loan(s))) as of the date of purchase; plus

(ii)                all
accrued and unpaid interest on the Mortgage Loan (or any related REO Loan (including for such purpose, to the extent required pursuant
to the final paragraph hereof, the related Companion Loan(s))), at the related Mortgage Rate in effect from time to time, to, but not
including, the Due Date immediately preceding or coinciding with the Determination Date for the Collection Period of purchase; plus

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(iii)             all
related unreimbursed Servicing Advances plus accrued and unpaid interest on all related Advances at the Reimbursement Rate, Special Servicing
Fees (whether paid or unpaid) and any other additional Trust Fund expenses (except for Liquidation Fees) in respect of such Mortgage
Loan (or related REO Loan (including for such purpose, to the extent required pursuant to the final paragraph of this definition, the
related Companion Loan(s))); plus

(iv)              if
such Mortgage Loan (or related REO Loan) is being repurchased or substituted by the related Mortgage Loan Seller, pursuant to Section 6
of the applicable Mortgage Loan Purchase Agreement, all reasonable out-of-pocket expenses reasonably incurred or to be incurred
by the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator, the Asset Representations Reviewer or the
Trustee in respect of the omission, breach or defect giving rise to the repurchase or substitution obligation, including any Asset Representations
Reviewer Asset Review Fee to the extent not previously paid by the related Mortgage Loan Seller and any expenses arising out of the enforcement
of the repurchase or substitution obligation, including, without limitation, legal fees and expenses and any additional Trust Fund expenses
relating to such Mortgage Loan (or related REO Loan); provided, however, that such out-of-pocket expenses shall not include
expenses incurred by Certificateholders or Certificate Owners in instituting an Asset Review Vote Election, in taking part in an Asset
Review vote or in exercising such Certificateholder’s or Certificate Owner’s, as applicable, rights under the dispute resolution
mechanics pursuant to Section 2.03(k) hereof; plus

(v)              
Liquidation Fees, if any, payable with respect to such Mortgage Loan (or related REO Loan (including for such purpose, to the extent
required pursuant to the final paragraph hereof, the related Companion Loan(s))) (which will not include any Liquidation Fees if such
repurchase occurs prior to the expiration of the Extended Cure Period).

Solely with respect to any
Serviced Whole Loan to be sold pursuant to Section 3.16(a)(iii), “Purchase Price” shall mean the amount calculated
in accordance with the preceding sentence in respect of the related Whole Loan, including, for such purposes, the Mortgage Loan and the
related Companion Loan(s), as applicable. With respect to any REO Property to be sold pursuant to Section 3.16(b), “Purchase
Price” shall mean the amount calculated in accordance with the preceding sentence in respect of the related REO Loan (including
any related Companion Loan). With respect to any sale pursuant to Section 3.16(a)(ii) or Section 3.16(e) or for
purposes of calculating any Gain-on-Sale Proceeds, the “Purchase Price” shall be allocated between the related Mortgage Loan
and Companion Loan(s), as applicable, in accordance with, and shall be equal to the amount provided pursuant to, the provisions of the
related Intercreditor Agreement. With respect to any Joint Mortgage Loan, the Purchase Price that would be payable by each of the applicable
Mortgage Loan Sellers for its related Mortgage Note will be its respective Mortgage Loan Seller Percentage Interest as of the Closing
Date of the total Purchase Price for such Mortgage Loan. Notwithstanding the foregoing, with respect to any repurchase pursuant to subclause (A)
and subclause (C) hereof, the “Purchase Price” shall not include any amounts payable in respect of any related
Companion Loan.

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“Qualified Institutional
Buyer”: A “qualified institutional buyer” as defined in Rule 144A under the Act.

“Qualified Insurer”:
(i) With respect to any Mortgage Loan, REO Loan or REO Property, an insurance company or security or bonding company qualified to
write the related Insurance Policy in the relevant jurisdiction with an insurance financial strength rating of at least: (a) “A3”
by Moody’s (or, if not rated by Moody’s, an equivalent rating by (A) two other NRSROs (which may include Fitch and/or DBRS
Morningstar) or (B) one other NRSRO (which may include Fitch or DBRS Morningstar) and A.M. Best Company, Inc.) and (b) “A”
by Fitch (or, if not rated by Fitch, at least “A-” or an equivalent rating as “A-” by one other nationally recognized
insurance rating organization (which may include Moody’s or DBRS Morningstar)) and (ii) with respect to the fidelity bond and
errors and omissions insurance policy required to be maintained pursuant to Section 3.07(c), except as otherwise permitted
by Section 3.07(c), an insurance company that has a claims paying ability (or the obligations which are guaranteed or backed
by a company having such claims paying ability) with at least one of the following ratings: (a) “A3” by Moody’s,
(b) “A-” by S&P, (c) “A-” by Fitch, (d) “A-:X” by A.M. Best Company, Inc.,
(e) “A-” by KBRA or (f) “A(low)” by DBRS Morningstar, or, in the case of clauses (i) or (ii),
any other insurer acceptable to the Rating Agencies, as evidenced by a Rating Agency Confirmation.

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

“Qualified Replacement
Special Servicer”: A replacement special servicer that (i) satisfies all of the eligibility requirements applicable to
special servicers contained in this Agreement, (ii) is not the Operating Advisor, the Asset Representations Reviewer or an Affiliate
of the Operating Advisor or the Asset Representations Reviewer (and, if appointed by the Directing Certificateholder or with the approval
of the requisite vote of Certificateholders following the Operating Advisor’s recommendation to replace the Special Servicer pursuant
to Section 7.01(d), is not the originally replaced special servicer or its affiliate), (iii) is not obligated to pay the Operating
Advisor (x) any fees or otherwise compensate the Operating Advisor in respect of its obligations under this Agreement, and (y) for
the appointment of the successor special servicer or the recommendation by the Operating Advisor for the replacement Special Servicer
to become the Special Servicer, (iv) is not entitled to receive any compensation from the Operating Advisor other than compensation
that is not material and is unrelated to the Operating Advisor’s recommendation that such party be appointed as the replacement
special servicer, (v) is not entitled to receive any fee from the Operating Advisor for its appointment as successor special servicer,
in each case, unless such fee is expressly approved by 100% of the Certificateholders and the RR Interest Owners, (vi) currently
has a special servicer rating of at least “CSS3” from Fitch, (vii) is currently acting as a special servicer in a commercial
mortgage-backed securities transaction rated by Moody’s on a transaction-level basis (as to which a commercial mortgage-backed securities
transaction there are outstanding commercial mortgage-backed securities rated by Moody’s), and has not been publicly cited by Moody’s
as having servicing concerns as the sole or a material factor in any qualification, downgrade or withdrawal of the ratings (or placement
on “watch status” in contemplation of a rating downgrade or withdrawal) of securities in a transaction serviced by the applicable
servicer prior to the time of determination, and (viii) (A) has a then current ranking by DBRS Morningstar equal to or higher than “MOR
CS3” as a special servicer or (B) if not ranked

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by DBRS Morningstar, (I) such special servicer
is acting as special servicer in a commercial mortgage loan securitization that was rated by DBRS Morningstar within the twelve (12) month
period prior to the date of determination and (II) DBRS Morningstar has not qualified, downgraded or withdrawn the then-current rating
or ratings of one or more classes of certificates citing servicing concerns with the special servicer as the sole or material factor in
such rating action.

“Qualified Substitute
Mortgage Loan”: A substitute mortgage loan (other than with respect to the Whole Loans, for which no substitution will be permitted)
replacing a removed Mortgage Loan that must, on the date of substitution: (i) have an outstanding principal balance, after application
of all scheduled payments of principal and interest due during or prior to the month of substitution, whether or not received, not in
excess of the Stated Principal Balance of the removed Mortgage Loan as of the Due Date in the calendar month during which the substitution
occurs; (ii) have a Mortgage Rate not less than the Mortgage Rate of the removed Mortgage Loan (determined without regard to any
prior modification, waiver or amendment of the terms of the removed Mortgage Loan); (iii) have the same Due Date as and Grace Period
no longer than that of the removed Mortgage Loan; (iv) accrue interest on the same basis as the removed Mortgage Loan (for example,
on the basis of a 360 day year consisting of twelve 30-day months); (v) have a remaining term to stated maturity not greater
than, and not more than two (2) years less than, the remaining term to stated maturity of the removed Mortgage Loan; (vi) have
a then-current loan-to-value ratio equal to or less than the lesser of the loan-to-value ratio for the removed Mortgage Loan as of
the Closing Date and 75%, in each case using the “value” for the Mortgaged Property as determined using an Appraisal; (vii) comply
as of the date of substitution in all material respects with all of the representations and warranties set forth in the applicable Mortgage
Loan Purchase Agreement; (viii) have an environmental report that indicates no material adverse environmental conditions with respect
to the related Mortgaged Property and which will be delivered as a part of the related Mortgage File; (ix) have a then-current
debt service coverage ratio at least equal to the greater of the original debt service coverage ratio of the removed Mortgage Loan as
of the Closing Date and 1.25x; (x) constitute a “qualified replacement mortgage” within the meaning of Section 860G(a)(4)
of the Code as evidenced by an Opinion of Counsel (provided at the applicable Mortgage Loan Seller’s expense); (xi) not have
a maturity date or an amortization period that extends to a date that is after the date two (2) years prior to the Rated Final Distribution
Date; (xii) have comparable prepayment restrictions to those of the removed Mortgage Loan; (xiii) not be substituted for a removed
Mortgage Loan unless the Trustee and the Certificate Administrator have received Rating Agency Confirmation from each Rating Agency (the
cost, if any, of obtaining such Rating Agency Confirmation to be paid by the applicable Mortgage Loan Seller); (xiv) have been approved,
so long as a Control Termination Event has not occurred and is not continuing and the affected Mortgage Loan is not an Excluded Loan,
by the Directing Certificateholder; (xv) prohibit defeasance within two (2) years of the Closing Date; (xvi) not be substituted
for a removed Mortgage Loan if it would result in an Adverse REMIC Event or the imposition of tax other than a tax on income expressly
permitted or contemplated to be imposed by the terms of this Agreement, as determined by an Opinion of Counsel; (xvii) have an engineering
report that indicates no material adverse property condition or deferred maintenance with respect to the related Mortgaged Property that
will be delivered as a part of the related Servicing File; and (xviii) be current in the payment of all scheduled payments of principal
and interest then due. In the event that more than one mortgage loan is substituted for a removed Mortgage Loan, then the amounts described
in clause (i) shall be determined on the basis of aggregate Stated Principal Balances and each such proposed Qualified Substitute
Mortgage Loan shall individually satisfy

    	 	95	 

    

    

each of the requirements specified in clauses (ii)
through (xviii); provided that the rates described in clause (ii) above and the remaining term to stated maturity
referred to in clause (v) above shall be determined on a weighted average basis; provided, further, that no
individual Mortgage Rate (net of the Servicing Fee Rate, the Certificate Administrator Fee Rate, the Operating Advisor Fee Rate, the Asset
Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate and, in the case of a Non-Serviced
Mortgage Loan, the related Non-Serviced Primary Servicing Fee Rate) shall be lower than the highest fixed Pass-Through Rate (and not
based on, or subject to a cap equal to, the Weighted Average Net Mortgage Rate) of any Class of Principal Balance Certificates having
a Certificate Balance then outstanding. When a Qualified Substitute Mortgage Loan is substituted for a removed Mortgage Loan, the applicable
Mortgage Loan Seller shall certify that the Qualified Substitute Mortgage Loan meets all of the requirements of the above definition and
shall send such certification to the Trustee, the Certificate Administrator and, prior to the occurrence of a Consultation Termination
Event, the Directing Certificateholder.

“RAC No-Response
Scenario”: As defined in Section 3.25(a).

“RAC Requesting
Party”: As defined in Section 3.25(a).

“Rated Final Distribution
Date”: As to each Class of Certificates (other than the Class X-K, Class K, Class R and Class RR Certificates), the Distribution
Date in July 2055.

“Rating Agency”:
Each of Moody’s, Fitch and DBRS Morningstar their successors in interest. If no such rating agency nor any successor thereof remains
in existence, “Rating Agency” shall be deemed to refer to such nationally recognized statistical rating agency or other comparable
Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator,
the Special Servicer and the Master Servicer, and specific ratings of Moody’s, Fitch and DBRS Morningstar herein referenced shall
be deemed to refer to the equivalent ratings of the party so designated.

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

“Rating Agency Inquiry”:
As defined in Section 4.07(c).

“Rating Agency Q&A
Forum and Document Request Tool”: As defined in Section 4.07(c).

“Realized Loss”:
The Non-VRR Realized Loss or VRR Realized Loss, as applicable.

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“Record Date”:
With respect to any Distribution Date, the last Business Day of the month immediately preceding the month in which such Distribution Date
occurs.

“Refinancing/P&S
Document”: Any of (i) a fully executed term sheet or refinancing commitment with respect to a refinancing of a Mortgage Loan
or (ii) a signed purchase and sale agreement with respect to a sale of a Mortgaged Property (in each case subject only to typical due
diligence and closing conditions and, in the case of a purchase and sale agreement, if such agreement includes delivery of an acceptable
deposit by the purchaser) in a manner consistent with CMBS market practices.

“Registered Certificates”:
The Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class X-B, Class A-S, Class B
and Class C Certificates.

“Regular Certificates”:
Any of the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class X-B, Class A-S,
Class B, Class C, Class D, Class X-D, Class X-F, Class X-G, Class X-H, Class X-J, Class X-K, Class E, Class F,
Class G, Class H, Class J and Class K Certificates.

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

“Regulation AB Companion
Loan Securitization”: As defined in Section 11.15(a).

“Regulation AB
Servicing Officer”: Any officer or employee of the Master Servicer or the Special Servicer, as applicable, involved in, or responsible
for, the administration and servicing of the Mortgage Loans or Companion Loans, or this Agreement and also, with respect to a particular
matter, any other officer to whom such matter is referred because of such officer’s or employee’s knowledge of and familiarity
with the particular subject, and, in the case of any certification required to be signed by a Servicing Officer, such an officer or employee
whose name and specimen signature appears on a list of Servicing Officers furnished to the Trustee and/or the Certificate Administrator
by the Master Servicer or the Special Servicer, as applicable, as such list may from time to time be amended.

“Regulation D”:
Regulation D under the Act.

“Regulation S”:
Regulation S under the Act.

“Regulation S
Book-Entry Certificates”: The Non-Registered Certificates sold to institutions that are non-United States Securities
Persons in Offshore Transactions in reliance on Regulation S and represented by one or more Book Entry Certificates deposited with
the Certificate Administrator as custodian for the Depository.

“Reimbursement Rate”:
The rate per annum applicable to the accrual of interest on Servicing Advances in accordance with Section 3.03(d) and
P&I Advances in accordance with Section 4.03(d), which rate per annum shall equal the Prime Rate, compounded annually;
provided

    	 	97	 

    

    

that, solely with respect to the Master Servicer,
the Reimbursement Rate shall be subject to a floor rate of 2.0%.

“Related Certificates”
and “Related Lower-Tier Regular Interests”: For each of the following Classes of Certificates or the RR Interest, as
applicable, the related Class of Lower-Tier Regular Interests; and for each of the following Classes of Lower-Tier Regular Interests,
the related Class of Certificates or the RR Interest, as applicable, set forth below:

	
    Related
    Certificates
	
    Related

    Lower-Tier Regular Interest

	Class A-1 Certificates	Class LA1 Uncertificated Interest
	Class A-2 Certificates	Class LA2 Uncertificated Interest
	Class A-4 Certificates	Class LA4 Uncertificated Interest
	Class A-5 Certificates	Class LA5 Uncertificated Interest
	Class A-SB Certificates	Class LASB Uncertificated Interest
	Class A-S Certificates	Class LAS Uncertificated Interest
	Class B Certificates	Class LB Uncertificated Interest
	Class C Certificates	Class LC Uncertificated Interest
	Class D Certificates	Class LD Uncertificated Interest
	Class E Certificates	Class LE Uncertificated Interest
	Class F Certificates	Class LF Uncertificated Interest
	Class G Certificates	Class LG Uncertificated Interest
	Class H Certificates	Class LH Uncertificated Interest
	Class J Certificates	Class LJ Uncertificated Interest
	Class K Certificates	Class LK Uncertificated Interest
	Class RR Certificates	Class LRR Uncertificated Interest
	RR Interest	LRI Uncertificated Interest

“Relevant Distribution
Date”: With respect to (a) any Significant Obligor with respect to the Trust, the Distribution Date, and (b) any “significant
obligor” (within the meaning of Item 1101(k) of Regulation AB) with respect to an Other Securitization holding a Serviced Companion
Loan, the “Distribution Date” (or analogous concept) under the related Other Pooling and Servicing Agreement.

“Relevant Servicing
Criteria”: The Servicing Criteria applicable to a specific party, as set forth on Exhibit AA attached hereto. For
clarification purposes, multiple parties can have responsibility for the same Relevant Servicing Criteria. With respect to a Servicing
Function Participant engaged by the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer, the term “Relevant
Servicing Criteria” may refer to a portion of the Relevant Servicing Criteria applicable to the Master Servicer, the Special Servicer,
the Trustee and/or the Certificate Administrator.

“REMIC”:
A “real estate mortgage investment conduit” as defined in Section 860D of the Code (or any successor thereto).

“REMIC Administrator”:
The Certificate Administrator or any REMIC administrator appointed pursuant to Section 10.04.

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“REMIC Provisions”:
Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections 860A through
860G of subchapter M of chapter 1 of the Code, and related provisions, and temporary and final Treasury Regulations (or proposed
regulations that would apply by reason of their proposed effective date to the extent not inconsistent with temporary or final regulations)
and any rulings or announcements promulgated thereunder, as the foregoing may be in effect from time to time.

“Rents from Real
Property”: With respect to any REO Property, gross income of the character described in Section 856(d) of the Code.

“REO Account”:
A segregated custodial account or accounts created and maintained by the Special Servicer pursuant to Section 3.14(b) on behalf
of the Trustee for the benefit of the Certificateholders and the RR Interest Owners and with respect to any Serviced Whole Loan, for the
benefit of the related Serviced Companion Noteholder, which shall initially be entitled “Midland Loan Services, a Division of PNC
Bank, National Association, or the applicable successor special servicer, as Special Servicer, on behalf of Wilmington Trust, National
Association, as Trustee, for the benefit of registered holders of Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36, and the RR Interest Owners, REO Account”. Any such account or accounts shall be an Eligible Account.

“REO Acquisition”:
The acquisition for federal income tax purposes of any REO Property pursuant to Section 3.09.

“REO Disposition”:
The sale or other disposition of the REO Property pursuant to Section 3.16.

“REO Extension”:
As defined in Section 3.14(a).

“REO Loan”:
Each of the Mortgage Loans (and, with respect to any Serviced Whole Loan, the related Companion Loan(s), as applicable), deemed for purposes
hereof to be outstanding with respect to each REO Property. Each REO Loan shall be deemed to be outstanding for so long as the applicable
portion of the related REO Property (or beneficial interest therein, in the case of a Non-Serviced Mortgage Loan) remains part of
the Trust Fund and provides for Assumed Scheduled Payments on each Due Date therefor, and otherwise has the same terms and conditions
as its predecessor Mortgage Loan or Companion Loan, if applicable, including, without limitation, with respect to the calculation of the
Mortgage Rate in effect from time to time (such terms and conditions to be applied without regard to the default on such predecessor Mortgage
Loan or Companion Loan, if applicable). Each REO Loan shall be deemed to have an initial outstanding principal balance and Stated Principal
Balance equal to the outstanding principal balance and Stated Principal Balance, respectively, of its predecessor Mortgage Loan or Companion
Loan, if applicable, as of the date of the related REO Acquisition. All amounts due and owing in respect of the predecessor Mortgage Loan
or Companion Loan, if applicable, as of the date of the related REO Acquisition, including, without limitation, accrued and unpaid interest,
shall continue to be due and owing in respect of a REO Loan. All amounts payable or reimbursable to the Master Servicer, the Special Servicer,
the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator or the Trustee, as applicable, in respect of
the predecessor Mortgage Loan or Companion Loan, if applicable, as of the date of the related REO Acquisition,

    	 	99	 

    

    

including, without limitation, any unpaid Special
Servicing Fees and Servicing Fees, additional Trust Fund expenses and any unreimbursed Advances, together with any interest accrued and
payable to the Master Servicer or the Trustee, as applicable, in respect of such Advances in accordance with Section 3.03(d)
or Section 4.03(d), shall continue to be payable or reimbursable to the Master Servicer, the Special Servicer, the Operating
Advisor, the Asset Representations Reviewer, the Certificate Administrator or the Trustee, as applicable, in respect of an REO Loan. In
addition, Unliquidated Advances and Nonrecoverable Advances with respect to such REO Loan, in each case, that were paid from collections
on the related Mortgage Loans and resulted in principal distributed to the Certificateholders or the RR Interest Owners being reduced
as a result of the first proviso in the definition of “Aggregate Principal Distribution Amount” shall be deemed outstanding
until recovered. Notwithstanding anything to the contrary, with respect to each Serviced Whole Loan, no amounts relating to the related
REO Property or REO Loan allocable to the related Serviced Pari Passu Companion Loan(s) will be available for amounts due to the Certificateholders
and the RR Interest Owners or to reimburse the Trust, other than in the limited circumstances related to Servicing Advances, indemnification
payments, Special Servicing Fees and other reimbursable expenses related to such Serviced Whole Loan incurred with respect to such Serviced
Whole Loan, in accordance with Section 3.05(a) or with respect to the Serviced AB Subordinate Companion Loan, as set forth
in the related Intercreditor Agreement.

“REO Property”:
A Mortgaged Property acquired by the Special Servicer on behalf of, and in the name of, the Trustee or a nominee thereof for the benefit
of the Certificateholders and the RR Interest Owners (and the related Companion Holder, subject to the related Intercreditor Agreement,
with respect to a Mortgaged Property securing a Serviced Whole Loan) to the extent set forth herein and the Trustee (as holder of the
Lower-Tier Regular Interests) (and also including, if applicable, the Trust’s beneficial interest in a Non-Serviced Mortgaged
Property acquired by the applicable Non-Serviced Special Servicer on behalf of, and in the name of, the applicable Non-Serviced
Trustee or a nominee thereof for the benefit of the certificateholders under the applicable Non-Serviced Trust) through foreclosure,
acceptance of a deed in lieu of foreclosure or otherwise in accordance with applicable law in connection with the default or imminent
default of a Mortgage Loan. References herein to the Special Servicer acquiring, maintaining, managing, inspecting, insuring, selling
or reporting or to Appraisal Reduction Amounts and Final Recovery Determinations with respect to an “REO Property”, shall
not include the Trust’s beneficial interest in a Non-Serviced Mortgaged Property. For the avoidance of doubt, REO Property,
to the extent allocable to a Companion Loan, shall not be an asset of the Trust Fund, any Trust REMIC.

“REO Revenues”:
All income, rents and profits derived from the ownership, operation or leasing of any REO Property.

“Reportable Event”:
As defined in Section 11.07.

“Reporting Requirements”:
As defined in Section 11.12.

“Reporting Servicer”:
The Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Custodian or any Servicing
Function Participant engaged by such parties, as the case may be.

“Repurchase Request”:
As defined in Section 2.03(k)(ii).

    	 	100	 

    

    

“Repurchase Request
Recipient”: As defined in Section 2.02(g).

“Repurchased Note”:
As defined in Section 3.33(a).

“Repurchasing Mortgage
Loan Seller”: As defined in Section 3.33(a).

“Request for Release”:
A release signed by a Servicing Officer of the Master Servicer or the Special Servicer, as applicable, in the form of Exhibit E
attached hereto.

“Requesting Certificateholder”:
As defined in Section 2.03(l)(iii).

“Requesting Holders”:
As defined in Section 4.05(b).

“Residual Ownership
Interest”: Any record or beneficial interest in the Class R Certificates.

“Resolution Failure”:
As defined in Section 2.03(k)(iii).

“Resolved”:
With respect to a Repurchase Request, (i) that the related Material Defect has been cured, (ii) the related Mortgage Loan has
been repurchased in accordance with the related Mortgage Loan Purchase Agreement, (iii) a mortgage loan has been substituted for
the related Mortgage Loan in accordance with the related Mortgage Loan Purchase Agreement, (iv) the applicable Mortgage Loan Seller
has made the Loss of Value Payment, (v) a contractually binding agreement entered into between the Enforcing Servicer, on behalf
of the Trust, and the related Mortgage Loan Seller that settles the related Mortgage Loan Seller’s obligations under the related
Mortgage Loan Purchase Agreement, or (vi) the related Mortgage Loan is no longer property of the Trust as a result of a sale or other
disposition in accordance with this Agreement.

“Responsible Officer”:
When used with respect to (i) the Trustee, any officer of the Corporate Trust Services group of the Trustee with direct responsibility
for the administration of this Agreement and, with respect to a particular matter, any other officer to whom such matter is referred because
of such officer’s knowledge of and familiarity with the particular subject and (ii) the Certificate Administrator, any officer
assigned to the Corporate Trust Services group with direct responsibility for the administration of this Agreement and, with respect to
a particular matter, any other officer to whom a particular matter is referred by the Certificate Administrator because of such officer’s
knowledge of and familiarity with the particular subject.

“Restricted Period”:
The 40-day period prescribed by Regulation S commencing on the later of (a) the date upon which Certificates are first offered
to Persons other than the Initial Purchasers or Underwriters and any other distributor (as such term is defined in Regulation S)
of the Certificates and (b) the Closing Date.

“Retained Certificates”:
The Class RR Certificates.

“Retained Defeasance
Rights and Obligations”: Any of the rights and obligations of the Mortgage Loan Sellers defined in Section 3.18(g).

    	 	101	 

    

    

“Retained Fee Rate”:
An amount equal to (A) with respect to the Serviced Mortgage Loans (i) if not primary servicing fee rate or subservicing fee rate is payable
to a party other than Midland, 0.00125% or (ii) if a primary servicing fee rate or subservicing fee rate payable to a party other than
Midland, 0.000625% plus any such primary servicing fee rate or subservicing fee rate payable to a party other than Midland; or (B) with
respect to any Non-Serviced Mortgage Loan, 0.000625%.

“Retained Interest
Safekeeping Account”: An account maintained by the Certificate Administrator, which account shall be deemed to be owned by the
Holder(s) of the Retained Certificates in proportions equal to their respective Percentage Interests.

“Retaining Party”:
With respect to the securitization of the Mortgage Loans effected by this Agreement, each of JPMCB and DBNY, each as an initial VRR Interest
Owner, or any successor VRR Interest Owner.

“Retaining Sponsor”:
JPMCB.

“Review Materials”:
As defined in Section 12.01(b).

“Review Package”:
A Rating Agency Confirmation request and any supporting documentation delivered therewith.

“Risk Retention
Consultation Party”: Each of (i) the party selected by JPMCB and (ii)  the party selected by DBRI. The Certificate
Administrator and the other parties hereto shall be entitled to assume that the identity of any Risk Retention Consultation Party has
not changed until such parties receive written notice of a replacement of such Risk Retention Consultation Party from JPMCB (in the case
of the VRR-A Risk Retention Consultation Party), or DBRI (in the case of the VRR-B Risk Retention Consultation Party), as confirmed by
the Certificate Registrar. Notwithstanding the foregoing, no Risk Retention Consultation Party shall have any consultation rights with
respect to any related Excluded Loan. The initial VRR-A Risk Retention Consultation Party shall be JPMCB, the initial VRR-B Risk Retention
Consultation Party shall be shall be DBNY.

In the event that no Risk
Retention Consultation Party has been appointed or identified to the Master Servicer or the Special Servicer, as applicable, and the Master
Servicer or the Special Servicer, as applicable, has attempted to obtain such information from the Certificate Administrator and no such
entity has been identified to the Master Servicer or the Special Servicer, as applicable, then until such time as a new Risk Retention
Consultation Party is identified, the Master Servicer or the Special Servicer, as applicable, shall have no duty to consult with, provide
notice to, or seek the approval or consent of any such Risk Retention Consultation Party, as the case may be.

“Risk Retention
Rule”: The final rule that was promulgated to implement the credit risk retention requirements (which such joint final rule
has been codified, inter alia, at 12 C.F.R. § 43), under Section 15G of the Securities Exchange Act of 1934, as added by Section
941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (79 F.R. 77601; pages 77740-77766), as such rule may be amended from
time to time, and subject to such clarification and interpretation as have been provided by the OCC, the Board of Governors of the Federal
Reserve

    	 	102	 

    

    

System, the Federal Deposit Insurance Corporation,
the Federal Housing Finance Agency, the Securities and Exchange Commission and the Department of Housing and Urban Development in the
adopting release (79 F.R. 77601 et seq.) or by the staff of any such agency, or as may be provided by any such agency or its staff
from time to time, in each case, as effective from time to time.

“RR Interest”:
An uncertificated interest in the Trust representing the right to receive the RRI Percentage of all amounts collected on the Mortgage
Loans, net of all expenses of the Trust, and distributable on each Distribution Date to Holders of Certificates (other than to the Class
R Certificates) and allocated to the VRR Interest. The RR Interest evidences beneficial ownership of a “regular interest”
in the Upper-Tier REMIC for purposes of the REMIC Provisions. For the avoidance of doubt, the parties hereto agree not to treat the RR
Interest as a security under applicable law.

“RR Interest Balance”:
With respect to the RR Interest (i) on or prior to the first Distribution Date, an amount equal to the Original RR Interest Balance
as specified in the Preliminary Statement hereto and (ii) as of any date of determination after the first Distribution Date, the
RR Interest Balance on the Distribution Date immediately prior to such date of determination (determined as adjusted pursuant to Section 1.02(iii))
after giving effect to (a) any distributions made on such Distribution Date pursuant to Section 4.01(e)(i), (ii)
and (iii), (b) the VRR Realized Losses allocated to the RR Interest on such Distribution Date, and (c) any recoveries
on the Mortgage Loans of Nonrecoverable Advances (plus interest on such Nonrecoverable Advances) that were previously reimbursed from
principal collections on the related Mortgage Loans, that resulted in a reduction of the VRR Principal Distribution Amount, which recoveries
are allocated to the RR Interest and added to the RR Interest Balance.

“RR Interest Owner”:
Each VRR Interest Owner who owns a portion of the RR Interest.

“RRI Percentage”:
As of any date of determination, a fraction, expressed as a percentage, the numerator of which is the VRR Interest Balance of the RR Interest,
and the denominator of which is the aggregate Certificate Balance of all of the Classes of Principal Balance Certificates and the VRR
Interest Balance of the VRR Interest.

“Rule 144A”:
Rule 144A under the Act.

“Rule 144A
Book-Entry Certificate”: With respect to the Non-Registered Certificates offered and sold in reliance on Rule 144A,
a single, permanent Book-Entry Certificate, in definitive, fully registered form without interest coupons.

“Rules”:
As defined in Section 2.03(n)(iv).

“S&P”:
S&P Global Ratings, a Standard & Poor’s Financial Services LLC business, and its successors in interest. If neither S&P
nor any successor remains in existence, “S&P” shall be deemed to refer to such other nationally recognized statistical
rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee,
the Certificate Administrator, the Master Servicer, the Directing

    	 	103	 

    

    

Certificateholder and the Special Servicer
and specific ratings of S&P herein referenced shall be deemed to refer to the equivalent ratings of the party so designated.

“Sarbanes-Oxley
Act”: The Sarbanes-Oxley Act of 2002 and the rules and regulations of the Commission promulgated thereunder (including any
interpretations thereof by the Commission’s staff).

“Sarbanes-Oxley
Certification”: As defined in Section 11.05(a)(iv).

“Schedule AL Additional
File”: The data file containing additional information or schedules regarding data points in the CREFC® Schedule
AL File in accordance with Item 1111(h)(4) of Regulation AB and Item 601(b)(103) of Regulation S-K under the Securities Act.

“Scheduled Principal
Distribution Amount”: With respect to any Distribution Date and the Mortgage Loans, the aggregate of the principal portions
of the following: (a) all Periodic Payments (excluding Balloon Payments) due in respect of such Mortgage Loans during or, if and
to the extent not previously received or advanced pursuant to Section 4.03 in respect of a preceding Distribution Date (and
not previously distributed to Certificateholders), prior to, the related Collection Period, and all Assumed Scheduled Payments with respect
to the Mortgage Loans for the related Collection Period, in each case to the extent either (i) paid by the Mortgagor as of the Determination
Date (or, with respect to each Mortgage Loan with a Due Date occurring or a Grace Period ending after the related Determination Date,
the related Due Date or last day of such Grace Period, as applicable, to the extent received by the Master Servicer as of the Business
Day preceding the related Master Servicer Remittance Date) or (ii) advanced by the Master Servicer or the Trustee, as applicable,
pursuant to Section 4.03 in respect of such Distribution Date, and (b) all Balloon Payments with respect to the Mortgage
Loans to the extent received on or prior to the related Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring
or a Grace Period ending after the related Determination Date, the related Due Date or last day of such Grace Period, as applicable, to
the extent received by the Master Servicer as of the Business Day preceding the related Master Servicer Remittance Date), and to the extent
not included in clause (a) above.

“Secure Data Room”:
The “Secure Data Room” tab on the page relating to this transaction within the Certificate Administrator’s Website (initially
“www.ctslink.com”).

“Securities Act”:
The Securities Act of 1933, as it may be amended from time to time.

“Security Agreement”:
With respect to any Mortgage Loan, any security agreement or equivalent instrument, whether contained in the related Mortgage or executed
separately, creating in favor of the holder of such Mortgage a security interest in the personal property constituting security for repayment
of such Mortgage Loan.

“Service(s)”
or “Servicing”:  In accordance with Regulation AB, the act of servicing and administering the Mortgage Loans
or any other assets of the Trust by an entity (other than the Certificate Administrator and the Trustee) that meets the definition of
“servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in Item 1108
of Regulation AB.  For clarification purposes, any uncapitalized occurrence of this term shall have

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the meaning commonly understood by participants
in the commercial mortgage-backed securities market.

“Serviced AB Subordinate
Companion Loan”: Any AB Subordinate Companion Loan related to a Serviced AB Whole Loan.

“Serviced AB Whole
Loan”: Any AB Whole Loan serviced pursuant to this Agreement. For the avoidance of doubt, there are no Serviced AB Whole Loans
in this transaction.

“Serviced Companion
Loan”: A Companion Loan that is part of a Serviced Whole Loan.

“Serviced Companion
Loan Securities”: Any class of securities backed, wholly or partially, by any Serviced Pari Passu Companion Loan or Serviced
AB Companion Loan.

“Serviced Companion
Noteholder”: A holder of a (i) Serviced Pari Passu Companion Loan or (ii) Serviced AB Subordinate Companion Loan,
as applicable.

“Serviced Mortgage
Loan”: Each of (i) the Mortgage Loans identified as “Serviced” under the column entitled “Type” in the
“Whole Loan” chart in the Preliminary Statement, (ii) prior to the related Servicing Shift Securitization Date, each of the
Mortgage Loans identified as “Servicing Shift” under the column entitled “Type” in the “Whole Loan”
chart in the Preliminary Statement; and (iii) any AB Mortgage Loan related to a Serviced AB Whole Loan, as applicable.

“Serviced Pari Passu
Companion Loan”: A Pari Passu Companion Loan that is part of a Serviced Whole Loan or part of a Servicing Shift Whole Loan prior
to the related Servicing Shift Securitization Date.

“Serviced Pari Passu
Mortgage Loan”: Each of the Mortgage Loans identified as “Serviced” under the column entitled “Type”
in the “Whole Loan” chart in the Preliminary Statement that has at least one Serviced Pari Passu Companion Loan and, prior
to the related Servicing Shift Securitization Date, each of the Mortgage Loans identified as “Servicing Shift” under the column
entitled “Type” in the “Whole Loan” chart in the Preliminary Statement.

“Serviced Pari Passu
Whole Loan”: Each of the Whole Loans identified as “Serviced” under the column entitled “Type” in the
“Whole Loan” chart in the Preliminary Statement that has at least one Serviced Pari Passu Companion Loan and, prior to the
related Servicing Shift Securitization Date, each of the Whole Loans identified as “Servicing Shift” under the column entitled
“Type” in the “Whole Loan” chart in the Preliminary Statement.

“Serviced REO Loan”:  Any
REO Loan that is serviced by the Special Servicer pursuant to this Agreement.

“Serviced REO Property”:  Any
REO Property that is serviced by the Special Servicer pursuant to this Agreement.

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“Serviced Securitized
Companion Loan”: Any Companion Loan that is a component of a Serviced Whole Loan, if and for so long as each such Companion
Loan is included in a Regulation AB Companion Loan Securitization.

“Serviced Whole
Loan”: Each of the Whole Loans identified as “Serviced” under the column entitled “Type” in the “Whole
Loan” chart in the Preliminary Statement and, prior to the related Servicing Shift Securitization Date, each of the Whole Loans
identified as “Servicing Shift” under the column entitled “Type” in the “Whole Loan” chart in the
Preliminary Statement.

“Serviced Whole
Loan Controlling Holder”: The “Controlling Noteholder” or similar term identified in the Intercreditor Agreement
related to a Serviced Whole Loan.

“Serviced Whole
Loan Remittance Date”: With respect to any Serviced Companion Loan, (x) prior to contribution of such Serviced Companion
Loan to an Other Securitization, a date as set forth in the related Intercreditor Agreement (or if no such date is specified, the Master
Servicer Remittance Date) and (y) following contribution of such Serviced Companion Loan to an Other Securitization, the earlier
of (A) Master Servicer Remittance Date or (B) the Business Day immediately succeeding the “determination date” set
forth in the related Other Pooling and Servicing Agreement, or such earlier date as required by the related Intercreditor Agreement; provided,
however, that, unless otherwise required under the related Intercreditor Agreement, no remittance is required to be made until
two (2) Business Days after receipt of properly identified and available funds constituting the related Periodic Payment with respect
to the related Serviced Whole Loan.

“Servicer Termination
Event”: One or more of the events described in Section 7.01.

“Servicing Account”:
The account or accounts created and maintained pursuant to Section 3.03(a).

“Servicing Advances”:
All customary, reasonable and necessary “out-of-pocket” costs and expenses (including attorneys’ fees and expenses and
fees of real estate brokers) incurred by the Master Servicer, the Special Servicer, Certificate Administrator, or the Trustee, as applicable,
in connection with the servicing and administering of (a) a Mortgage Loan (and in the case of a Serviced Mortgage Loan, the related
Serviced Companion Loan(s)), other than a Non-Serviced Mortgage Loan, in respect of which a default, delinquency or other unanticipated
event has occurred or as to which a default is reasonably foreseeable or (b) an REO Property, including, in the case of each of such
clause (a) and clause (b), but not limited to, (x) the cost of (i) compliance with the Master Servicer’s
obligations set forth in Section 3.03(c), (ii) the preservation, restoration and protection of a Mortgaged Property,
(iii) obtaining any Insurance and Condemnation Proceeds or any Liquidation Proceeds of the nature described in clauses (i) –
(vi) of the definition of “Liquidation Proceeds,” (iv) any enforcement or judicial proceedings with respect to
a Mortgaged Property, including foreclosures and (v) the operation, leasing, management, maintenance and liquidation of any REO Property
and (y) any amount specifically designated herein to be paid as a “Servicing Advance”. Notwithstanding anything to the
contrary, “Servicing Advances” shall not include allocable overhead of the Master Servicer or the Special Servicer, such as
costs for office space, office equipment, supplies and related expenses, employee

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salaries and related expenses and similar internal
costs and expenses or costs and expenses incurred by any such party in connection with its purchase of a Mortgage Loan or REO Property.
None of the Master Servicer, the Special Servicer or the Trustee shall make any Servicing Advance in connection with the exercise of any
cure rights or purchase rights granted to the holder of a Companion Loan under the related Intercreditor Agreement or this Agreement.

“Servicing Criteria”:
The criteria set forth in paragraph (d) of Item 1122 of Regulation AB as such may be amended from time to time and which
as of the Closing Date are listed on Exhibit AA hereto.

“Servicing Fee”:
With respect to each Mortgage Loan (including any Non-Serviced Mortgage Loan), Serviced Companion Loan and any REO Loan, the fee payable
to the Master Servicer pursuant to the first paragraph of Section 3.11(a).

“Servicing Fee Rate”:
With respect to each Mortgage Loan (including any Non-Serviced Mortgage Loan) and REO Loan, a per annum rate equal to the rate
set forth on the Mortgage Loan Schedule under the heading “Servicing Fee Rate”, which rate includes the rate at which applicable
master servicing, primary servicing and sub-servicing fees accrue, in each case computed on the basis of the Stated Principal Balance
of the related Mortgage Loan or REO Loan in the same manner in which interest is calculated in respect of such loans. With respect to
any Servicing Shift Whole Loan, prior to the related Servicing Shift Securitization Date, the “Servicing Fee Rate” shall include
the related Non-Serviced Primary Servicing Fee Rate. With respect to each Serviced Companion Loan sub-serviced by an Initial Sub-Servicer,
consisting of the Companion Loans related to the 39 Broadway Whole Loan and the One Campus Martius Whole Loan as identified in the “Whole
Loan” chart in the Preliminary Statement, the “Servicing Fee Rate” shall be a per annum rate equal to 0.00125% and 0.051250%,
respectively. With respect to each Serviced Companion Loan (other than any Serviced Companion Loan referred to in the preceding sentence,
any Serviced AB Subordinate Companion Loan and any Servicing Shift Companion Loan), the “Servicing Fee Rate” shall be a per
annum rate equal to 0.00125%. With respect to the Servicing Shift Companion Loan, prior to the related Servicing Shift Securitization
Date, the “Servicing Fee Rate” shall be a per annum rate equal to the related Non-Serviced Primary Servicing Fee Rate.

“Servicing File”:
A photocopy of all items required to be included in the Mortgage File, together with each of the following, to the extent such items were
actually delivered to the related Mortgage Loan Seller, with respect to a Mortgage Loan and (to the extent that the identified documents
existed on or before the Closing Date and the applicable reference to Servicing File relates to any period after the Closing Date) delivered
by the related Mortgage Loan Seller, to the Master Servicer: (i) a copy of any engineering reports or property condition reports;
(ii) other than with respect to a hotel property (except with respect to tenanted commercial space within a hotel property), copies
of a rent roll and, for any office, retail, industrial or warehouse property, a copy of all leases and estoppels and subordination and
non-disturbance agreements delivered to the related Mortgage Loan Seller; (iii) copies of related financial statements or operating
statements; (iv) all legal opinions (excluding attorney-client communications between the related Mortgage Loan Seller, and its
counsel that are privileged communications or constitute legal or other due diligence analyses), Mortgagor’s certificates and certificates
of hazard insurance and/or hazard insurance policies or other applicable insurance policies, if any, delivered in connection with the

    	 	107	 

    

    

closing of the related Mortgage Loan; (v) a
copy of the Appraisal for the related Mortgaged Property(ies); (vi) the documents that were delivered by or on behalf of the Mortgagor,
which documents were required to be delivered in connection with the closing of the related Mortgage Loan; (vii) for any Mortgage
Loan that the related Mortgaged Property is leased to a single tenant, a copy of the lease; and (viii) a copy of all environmental
reports that were received by the applicable Mortgage Loan Seller relating to the relevant Mortgaged Property.

“Servicing Function
Participant”: Any Additional Servicer, Sub-Servicer, Subcontractor or any other Person, other than the Master Servicer,
the Special Servicer, the Trustee, the Operating Advisor and the Certificate Administrator, that is performing activities that address
the Servicing Criteria, unless (i) such Person’s activities relate only to 5% or less of the Mortgage Loans by unpaid principal
balance as of any date of determination in accordance with Article XI or (ii) the Depositor reasonably determines that
a Master Servicer or the Special Servicer may, for the purposes of the Exchange Act reporting requirements pursuant to applicable Commission
guidance, take responsibility for the assessment of compliance with the Servicing Criteria of such Person. The Servicing Function Participants
as of the Closing Date are (i) each party to a Non-Serviced PSA that is performing activities that address the Servicing Critieria unless
such Person’s activities relate only to 5% or less of the Mortgage Loans by unpaid principal balance as of any date of determination
in accordance with Article XI and (ii) each other Person listed on Exhibit GG hereto. Exhibit GG shall be updated
and provided to the Depositor and the Certificate Administrator in accordance with Section 11.10(c).

“Servicing Officer”:
Any officer and/or employee of the Master Servicer, the Special Servicer or any Additional Servicer involved in, or responsible for, the
administration and servicing of the Mortgage Loans or Serviced Companion Loans, whose name and specimen signature appear on a list of
servicing officers furnished by the Master Servicer, the Special Servicer or any Additional Servicer to the Certificate Administrator,
the Trustee, the Operating Advisor and the Depositor on the Closing Date as such list may be amended from time to time thereafter.

“Servicing Shift
Companion Loan”: Any Companion Loan that is part of a Servicing Shift Whole Loan. For the avoidance of doubt, there are no Servicing
Shift Companion Loans in this transaction.

“Servicing Shift
Lead Note”: With respect to any Servicing Shift Whole Loan, as of any date of determination, the note or other evidence of indebtedness
and/or agreements evidencing the indebtedness of a Mortgagor under such Servicing Shift Whole Loan including any amendments or modifications,
or any renewal or substitution notes, as of such date, the sale of which to the related Non-Serviced Trust will cause servicing to shift
from this Agreement to the related Non-Serviced PSA pursuant to the terms of the related Intercreditor Agreement for such Servicing Shift
Whole Loan. The Preliminary Statement hereto lists the Servicing Shift Lead Notes for the Servicing Shift Whole Loans related to the Trust
as of the Closing Date.

“Servicing Shift
Mortgage Loan” With respect to any Servicing Shift Whole Loan, a Mortgage Loan included in the Trust Fund that will be serviced
under this Agreement as of the Closing Date, but the servicing of which is expected to shift to the pooling and servicing agreement entered
into in connection with the securitization of the related Servicing Shift Lead Note on and

    	 	108	 

    

    

after the date of such securitization. Each
of the Mortgage Loans identified as “Servicing Shift” under the column entitled “Type” in the “Whole Loan”
chart in the Preliminary Statement will be a Servicing Shift Mortgage Loan related to the Trust as of the Closing Date. For the avoidance
of doubt, there are no Servicing Shift Companion Loans in this transaction.

“Servicing Shift
Securitization Date”: With respect to any Servicing Shift Whole Loan, the date on which the related Servicing Shift Lead Note
is included in a related Non-Serviced Trust, provided that such holder of a Servicing Shift Lead Note provides each of the parties to
this Agreement (in each case only to the extent such party will not also be a party to the related Non-Serviced PSA) with notice in accordance
with the terms of the related Intercreditor Agreement that such Servicing Shift Lead Note is to be included in such Non-Serviced Trust
which notice shall include contact information for the related Non-Serviced Master Servicer, the Non-Serviced Special Servicer, the Non-Serviced
Certificate Administrator and the Non-Serviced Trustee.

“Servicing Shift
Whole Loan”: Any Whole Loan serviced under this Agreement as of the Closing Date, which includes the related Servicing Shift
Mortgage Loan included in the Trust Fund and one or more Pari Passu Companion Loans not included in the Trust Fund, but the servicing
of which is expected to shift to the pooling and servicing agreement entered into in connection with the securitization of the related
Servicing Shift Lead Note on and after the date of such securitization. Each of the Whole Loans identified as “Servicing Shift”
under the column entitled “Type” in the “Whole Loan” chart in the Preliminary Statement will be a Servicing Shift
Whole Loan related to the Trust as of the Closing Date.

“Servicing Standard”:
As defined in Section 3.01(a).

“Servicing Transfer
Event”: With respect to any Mortgage Loan (other than a Non-Serviced Mortgage Loan) or related Companion Loan, the occurrence
of any of the following events:

(i)               
with respect to a Mortgage Loan or Serviced Companion Loan that is not a Balloon Mortgage Loan, (a) a payment default shall
have occurred at its original Maturity Date, or (b) if the original Maturity Date of such Mortgage Loan or Serviced Companion Loan
has been extended as provided herein, a payment default shall have occurred at such extended Maturity Date; or

(ii)                 with
respect to each Mortgage Loan or Companion Loan that is a Balloon Mortgage Loan, a payment default shall have occurred with respect to
the related Balloon Payment; provided that if (A) the related Mortgagor has provided prior to the related Maturity Date
(i) a fully executed term sheet or refinancing commitment with respect to a refinancing of the related Mortgage Loan or (ii) a
signed purchase and sale agreement with respect to a sale of the Mortgaged Property (in each case subject only to typical due diligence
and closing conditions and, in the case of a purchase and sale agreement, such agreement will include a delivery of an acceptable deposit
by the purchaser) in a manner consistent with CMBS market practices and that is satisfactory in form and substance to the Master Servicer
or the Special Servicer from an acceptable lender or purchaser reasonably satisfactory to the Master Servicer or the Special Servicer,
which provides that a

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refinancing of such Mortgage Loan or Whole
Loan or the sale of the related Mortgaged Property will occur within one hundred and twenty (120) days after the date on which such Balloon
Payment will become due (and the Master Servicer shall promptly forward such documentation to the Special Servicer), (B) the related
Mortgagor continues to make its Assumed Scheduled Payment and (C) no other Servicing Transfer Event shall have occurred with respect
to such Mortgage Loan or Serviced Companion Loan, a Servicing Transfer Event will not occur until the earlier of (1) one hundred twenty
(120) days beyond the related Maturity Date and (2)  the date that such refinancing or sale is scheduled to occur in such documentation
as such date may be extended pursuant to the original terms of such documentation; or

(iii)             any
Periodic Payment (other than a Balloon Payment) is more than sixty (60) days delinquent (unless, in the case of a Mortgage Loan with
mezzanine debt, prior to such Periodic Payment becoming more than sixty (60) days delinquent the holders of the related Companion Loan(s)
or the holders of related mezzanine debt, as applicable, cure such delinquency, subject to the terms and provisions of the related Intercreditor
Agreement); or

(iv)                a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under any present
or future federal or state bankruptcy, insolvency or similar law, or the appointment of a conservator, receiver or liquidator in any
insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation
of its affairs, is entered against the related Mortgagor; provided that if such decree or order is discharged or stayed within
sixty (60) days of being entered, or if, as to a bankruptcy, the automatic stay is lifted within sixty (60) days of a filing for relief
or the case is dismissed, upon such discharge, stay, lifting or dismissal such Mortgage Loan (and any related Companion Loan, as applicable),
shall no longer be a Specially Serviced Loan (and no Special Servicing Fees, Workout Fees or Liquidation Fees will be payable with respect
thereto and any such fees actually paid shall be reimbursed to the Trust Fund by the Special Servicer); or

(v)                  the
related Mortgagor shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt,
marshaling of assets and liabilities or similar proceedings of or relating to such Mortgagor or of or relating to all or substantially
all of its property; or

(vi)              the
related Mortgagor shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage
of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment
of its obligations; or

(vii)             the
Master Servicer or Special Servicer has received notice of the foreclosure or proposed foreclosure of any lien other than the Mortgage
on the related Mortgaged Property; or

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(viii)           the Master Servicer or the Special Servicer (and, in the case of the Special Servicer, so long as no Control Termination Event
is continuing, with the consent of the Directing Certificateholder), a payment default is imminent or reasonably foreseeable and is not
likely to be cured by the related Mortgagor within 60 days; provided that the Special Servicer will not be permitted to make such judgment
at any time that the Special Servicer is affiliated with the Directing Certificateholder; or

(ix)               a
default of which the Master Servicer or the Special Servicer, as applicable, has notice (other than a failure by such Mortgagor to pay
principal or interest) and which the Master Servicer or Special Servicer (in the case of the Special Servicer, with respect to any Mortgage
Loan other than an Excluded Loan, prior to the occurrence and continuance of any Control Termination Event, with the consent of the Directing
Certificateholder) determines, in its good faith reasonable judgment, may materially and adversely affect the interests of the Certificateholders
and the RR Interest Owners (and, with respect to any Serviced Whole Loan, the interests of the related Serviced Companion Noteholder),
as a collective whole (taking into account the subordinate or pari passu nature of any Companion Loans, as applicable), if applicable,
has occurred and remains unremedied for the applicable Grace Period specified in the related Mortgage Loan or related Companion Loan
documents, other than the failure to maintain terrorism insurance if such failure constitutes an Acceptable Insurance Default (or if
no Grace Period is specified for those defaults which are capable of cure, sixty (60) days); or

(x)              
    the Master Servicer or the Special Servicer (and, in the case of the Special Servicer, so long as no Control Termination Event
is continuing, with the consent of the Directing Certificateholder) determines that (a) a default (other than as described in clause (iv)
above) under the Mortgage Loan or related Companion Loan is imminent or reasonably foreseeable, (b) such default will materially
impair the value of the corresponding Mortgaged Property as security for the Mortgage Loan or related Companion Loan (if any) or otherwise
materially adversely affect the interests of Certificateholders and the RR Interest Owners (and, with respect to any Serviced Whole Loan,
the interests of the related Serviced Companion Noteholder, as a collective whole (taking into account the subordinate or pari passu
nature of any Companion Loans, as applicable)), and (c) the default will continue unremedied for the applicable cure period under
the terms of the Mortgage Loan or related Companion Loan, as applicable, or, if no cure period is specified and the default is capable
of being cured, for thirty (30) days; provided that such 30-day grace period does not apply to a default that gives rise to
immediate acceleration without application of a Grace Period under the terms of the Mortgage Loan or related Companion Loan, as applicable;
provided that the Special Servicer shall not be permitted to make such judgment at any time that the Special Servicer is affiliated with
the Directing Certificateholder;

provided that any Mortgage Loan (excluding
any Non-Serviced Mortgage Loan) that is cross-collateralized with a Specially Serviced Loan shall be a Specially Serviced Loan so
long as such Mortgage Loan is cross-collateralized with a Specially Serviced Loan. If any Serviced

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Companion Loan becomes a Specially Serviced
Loan, the related Serviced Mortgage Loan shall also become a Specially Serviced Loan. If any Serviced Mortgage Loan becomes a Specially
Serviced Loan, the related Serviced Companion Loan shall also become a Specially Serviced Loan. With respect to a Non-Serviced Mortgage
Loan, the occurrence of a “Servicing Transfer Event” shall be as defined in the related Non-Serviced PSA.

Notwithstanding anything
to the contrary in this definition of Servicing Transfer Event, no event, circumstance or action that has occurred or will occur with
respect to a COVID Modified Loan (other than an event described in clauses (v), (vi), (vii) or (ix) of this definition) shall constitute
a Servicing Transfer Event under this Agreement, but only if, and for so long as, the related Mortgagor is in compliance with the terms
of the related COVID Modification Agreement.

“Significant Obligor”:
As defined in Section 11.16.

“Significant Obligor
NOI Quarterly Filing Deadline”: With respect to each calendar quarter (other than the fourth (4th) calendar quarter of any calendar
year), the date that is fifteen (15) days after the Relevant Distribution Date occurring on or immediately following the date on which
financial statements for such calendar quarter are required to be delivered to the related lender under the related Mortgage Loan documents.

“Significant Obligor
NOI Yearly Filing Deadline”: With respect to each calendar year, the date that is the 90th day after the end of such calendar
year.

“Similar Law”:
As defined in Section 5.03(n).

“Sole Certificateholder”:
Any Certificate Owner, or Certificate Owners acting in unanimity, of a Book-Entry Certificate (or a Holder of a Definitive Certificate)
holding 100% of the then-outstanding Class F, Class G, Class H, Class J and Class K Certificates; provided,
however, that the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB,
Class A-S, Class B, Class C, Class D and Class E Certificates have been retired.

“Special Notice”:
As defined in Section 5.06(b)(i).

“Special Servicer”:
With respect to (i) each of the Mortgage Loans (other than any Non-Serviced Mortgage Loan and any Excluded Special Servicer Loan)
and the Serviced Companion Loans, Midland Loan Services, a Division of PNC Bank, National Association, a national banking association,
and its successors in interest and assigns, or any successor special servicer appointed as herein provided and (ii) any Excluded
Special Servicer Loan, if any, the related Excluded Special Servicer appointed pursuant to Section 7.01(g), as applicable
and as the context may require. For the avoidance of doubt, all references to the obligations or liabilities of the “Special Servicer”
in this Agreement shall mean the applicable special servicer as provided herein.

“Special Servicing
Fee”: With respect to each Specially Serviced Loan and REO Loan (other than a Non-Serviced Mortgage Loan), the fee payable
to the Special Servicer pursuant to Section 3.11(b).

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“Special Servicing
Fee Rate”: With respect to each Specially Serviced Loan and each REO Loan (other than a Non-Serviced Mortgage Loan) on a loan-by-loan
basis, the greater of 0.2500% per annum and the rate that would result in a special servicing fee of $3,500 computed on the basis
of the Stated Principal Balance of the related Mortgage Loan and Companion Loan(s) (including any REO Loan), as applicable, in the same
manner as interest is calculated on the Specially Serviced Loans.

“Specially Serviced
Loan”: As defined in Section 3.01(a).

“Startup Day”:
The day designated as such in Section 10.01(b).

“Stated Principal
Balance”: With respect to any Mortgage Loan, as of any date of determination, an amount equal to (x) the unpaid principal
balance as of the Cut-off Date of such Mortgage Loan (or in the case of a Qualified Substitute Mortgage Loan, as of the date it is added
to the trust) after application of all payments of principal due during or prior to the month of substitution, whether or not those payments
have been received minus (y) the sum of:

(i)               
the principal portion of each Periodic Payment due on such Mortgage Loan after the Cut-off Date (or in the case of a Qualified
Substitute Mortgage Loan, the Due Date in the related month of substitution), to the extent received from the Mortgagor or advanced by
the Master Servicer;

(ii)               all
Principal Prepayments received with respect to such Mortgage Loan after the Cut-off Date (or in the case of a Qualified Substitute
Mortgage Loan, the Due Date in the related month of substitution);

(iii)              the
principal portion of all Insurance and Condemnation Proceeds (to the extent allocable to principal on such Mortgage Loan) and Liquidation
Proceeds received with respect to such Mortgage Loan after the Cut-off Date (or in the case of a Qualified Substitute Mortgage Loan,
the Due Date in the related month of substitution); and

(iv)             any
reduction in the outstanding principal balance of such Mortgage Loan resulting from a Deficient Valuation or a modification of such Mortgage
Loan pursuant to the terms and provisions of this Agreement that occurred prior to the end of the Collection Period for the most recent
Distribution Date.

With respect to any REO Loan
that is a successor to a Mortgage Loan, as of any date of determination, an amount equal to (x) the Stated Principal Balance of the
predecessor Mortgage Loan as of the date of the related REO Acquisition, minus (y) the sum of:

(i)               
the principal portion of any P&I Advance made with respect to such REO Loan; and

(ii)                the
principal portion of all Insurance and Condemnation Proceeds (to the extent allocable to principal on the related Mortgage Loan), Liquidation
Proceeds and REO Revenues received with respect to such REO Loan.

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A Mortgage Loan or an REO
Loan that is a successor to a Mortgage Loan shall be deemed to be part of the Trust Fund and to have an outstanding Stated Principal Balance
until the Distribution Date on which the payments or other proceeds, if any, received in connection with a Liquidation Event in respect
thereof are to be (or, if no such payments or other proceeds are received in connection with such Liquidation Event, would have been)
distributed to Certificateholders.

With respect to each Companion
Loan on any date of determination, the Stated Principal Balance shall equal the unpaid principal balance of such Companion Loan as of
such date. On any date of determination, the Stated Principal Balance of each Whole Loan shall be the sum of the Stated Principal Balances
of the related Mortgage Loan and the related Companion Loan(s) on such date.

With respect to any REO Loan
that is a successor to a Companion Loan as of any date of determination, the Stated Principal Balance shall equal (x) the Stated
Principal Balance of the predecessor Companion Loan as of the date of the related REO Acquisition, minus (y) the principal
portion of any amounts allocable to the related Companion Loan in accordance with the related Intercreditor Agreement.

“Subcontractor”:
Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly understood
by participants in the mortgage-backed securities market) of Mortgage Loans but performs one or more discrete functions identified
in Item 1122(d) of Regulation AB with respect to Mortgage Loans under the direction or authority of the Master Servicer, the
Special Servicer, the Operating Advisor, an Additional Servicer or a Sub-Servicer.

“Subject Loans”:
As defined in Section 12.02(b).

“Subordinate Certificate”:
Any Class A-S, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J and Class K Certificate.

“Subordinate Companion
Holder”: The holder of any of the AB Subordinate Companion Loans.

“Subsequent Asset
Status Report”: As defined in Section 3.19(d).

“Sub-Servicer”:
Any Person that Services Mortgage Loans on behalf of the Master Servicer, the Special Servicer or an Additional Servicer and is responsible
for the performance (whether directly or through Sub-Servicers or Subcontractors) of a substantial portion of the material servicing
functions required to be performed by the Master Servicer, the Special Servicer or an Additional Servicer under this Agreement, with respect
to some or all of the Mortgage Loans.

“Sub-Servicing
Agreement”: The written contract between the Master Servicer or the Special Servicer, as the case may be, and any Sub-Servicer
relating to servicing and administration of Mortgage Loans as provided in Section 3.20.

“Substitution Shortfall
Amount”: With respect to a substitution pursuant to Section 2.03(b) hereof, an amount equal to the excess, if any,
of the Purchase Price of the Mortgage

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Loan being replaced calculated as of the date
of substitution over the Stated Principal Balance of the related Qualified Substitute Mortgage Loan after application of all scheduled
payments of principal and interest due during or prior to the month of substitution. In the event that one or more Qualified Substitute
Mortgage Loans are substituted (at the same time by the same Mortgage Loan Seller) for one or more removed Mortgage Loans, the Substitution
Shortfall Amount shall be determined as provided in the preceding sentence on the basis of the aggregate Purchase Prices of the Mortgage
Loan(s) being replaced and the aggregate Stated Principal Balances of the related Qualified Substitute Mortgage Loan(s).

“Surviving Entity”:
As defined in Section 6.03(b).

“Tax Returns”:
The federal income tax returns on Internal Revenue Service Form 1066, U.S. Real Estate Mortgage Investment Conduit (REMIC) Income
Tax Return, including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable Income or Net Loss Allocation,
or any successor forms, to be filed on behalf of each Trust REMIC due to its respective classification as a REMIC under the REMIC Provisions
, together with any and all other information, reports or returns that may be required to be furnished to the Certificateholders or the
RR Interest Owners or filed with the Internal Revenue Service or any other governmental taxing authority under any applicable provisions
of federal tax law or Applicable State and Local Tax Law.

“Temporary Regulation S
Book-Entry Certificate”: As defined in Section 5.02(a).

“Test”:
As defined in Section 12.01(b)(iv).

“Transfer”:
Any direct or indirect transfer, sale, pledge, hypothecation, or other form of assignment of any Ownership Interest in a Certificate.

“Transferable Servicing
Interest”: The amount by which the Servicing Fee otherwise payable to the Master Servicer hereunder exceeds the amount of the
Servicing Fee attributable to the Retained Fee Rate, which is subject to reduction by the Trustee pursuant to Section 3.11(a) of this
Agreement.

“Transfer Restriction
Period”: The period from the Closing Date to the earlier of:

(a)              
the latest of (i) the date on which the aggregate unpaid principal balance of all outstanding Mortgage Loans has been reduced
to 33.0% of the aggregate Cut-off Date Balance of the Mortgage Loans; (ii) the date on which the aggregate outstanding principal
balance of the Certificates has been reduced to 33.0% of the aggregate outstanding principal balance of the Principal Balance Certificates
as of the Cut-off Date; or (iii) two years after the Closing Date; or

(b)              
in the sole discretion of the Retaining Sponsor, the date that the Risk Retention Rule applicable to a VRR Interest Owner is withdrawn
or repealed in its entirety as it relates to this securitization or the VRR Interest;

provided that the
termination of the Transfer Restriction Period shall not be effective without the written consent of the Retaining Sponsor.

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“Transferee”:
Any Person who is acquiring by Transfer any Ownership Interest in a Certificate.

“Transferee Affidavit”:
As defined in Section 5.03(p)(ii).

“Transferor”:
Any Person who is disposing by Transfer any Ownership Interest in a Certificate.

“Transferor Letter”:
As defined in Section 5.03(p)(ii).

“Trust”:
The trust created hereby and to be administered hereunder. The Trust shall be named: “Benchmark 2022-B36 Mortgage Trust”.

“Trust Fund”:
The corpus of the Trust created hereby and to be administered hereunder, consisting of: (i) such Mortgage Loans as from time to time
are subject to this Agreement (including any Qualified Substitute Mortgage Loan replacing a removed Mortgage Loan), together with the
Mortgage Files relating thereto (subject to, in the case of a Serviced Whole Loan, the interests of the related Serviced Companion Noteholder
in the related Mortgage File); (ii) all scheduled or unscheduled payments on or collections in respect of the Mortgage Loans due
after the Cut-off Date (or with respect to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution); (iii) any
REO Property (to the extent of the Trust’s interest therein) or the Trust’s beneficial interest in the Mortgaged Property
securing a Non-Serviced Whole Loan acquired under the related Non-Serviced PSA; (iv) all revenues received in respect of any
REO Property (to the extent of the Trust’s interest therein); (v) the Master Servicer’s, the Special Servicer’s,
the Certificate Administrator’s and the Trustee’s rights under the Insurance Policies with respect to the Mortgage Loans required
to be maintained pursuant to this Agreement and any proceeds thereof (to the extent of the Trust’s interest therein); (vi) any
Assignment of Leases and any security agreements (to the extent of the Trust’s interest therein); (vii) any letters of credit,
indemnities, guaranties or lease enhancement policies given as additional security for any related Mortgage Loans (to the extent of the
Trust’s interest therein); (viii) all assets deposited in the Loss of Value Reserve Fund and the Servicing Accounts (to the
extent of the Trust’s interest therein), amounts on deposit in the Collection Account (to the extent of the Trust’s interest
therein), the Lower-Tier REMIC Distribution Account, the Upper-Tier REMIC Distribution Account, the Interest Reserve Account,
the Non-VRR Gain-on-Sale Reserve Account (to the extent of the Trust’s interest in such Non-VRR Gain-on-Sale Reserve
Account), the VRR Interest Gain-on-Sale Reserve Account (to the extent of the Trust’s interest in such VRR Interest Gain-on-Sale
Reserve Account) and any REO Account (to the extent of the Trust’s interest in such REO Account), including any reinvestment income,
as applicable; (ix) any Environmental Indemnity Agreements (to the extent of the Trust’s interest therein); (x) the rights
and remedies of the Depositor under each Mortgage Loan Purchase Agreement (to the extent transferred to the Trustee); (xi) the Lower-Tier
Regular Interests; and (xii)  the proceeds of the foregoing (other than any interest earned on deposits in the lock-box
accounts, cash collateral accounts, escrow accounts and any reserve accounts, to the extent such interest belongs to the related Mortgagor).
For the avoidance of doubt, no Retained Defeasance Rights and Obligations will be an asset of the Trust.

“Trust REMIC”:
As defined in the Preliminary Statement hereto.

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“Trustee”:
Wilmington Trust, National Association, or its successor in interest, in its capacity as trustee and its successors in interest, or any
successor trustee appointed as herein provided.

“Trustee Fee”:
The fee to be paid to the Trustee as compensation for the Trustee’s activities under this Agreement, which fee is included as part
of the Certificate Administrator Fee. No portion of the Trustee Fee shall be calculated by reference to any Companion Loan or the Stated
Principal Balance of any Companion Loan.

“UCC”:
The Uniform Commercial Code, as enacted in each applicable state.

“UCC Financing Statement”:
A financing statement prepared and filed pursuant to the UCC, as in effect in the relevant jurisdiction.

“Underwriters”:
J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Academy Securities,
Inc. and Drexel Hamilton, LLC.

“Uninsured Cause”:
Any cause of damage to property subject to a Mortgage such that the complete restoration of such property is not fully reimbursable by
the hazard Insurance Policies or flood Insurance Policies required to be maintained pursuant to Section 3.07.

“United States Securities
Person”: Any “U.S. person” as defined in Rule 902(k) of Regulation S.

“Unliquidated Advance”:
Any Advance previously made by a party hereto that has been previously reimbursed, as between the Person that made the Advance hereunder,
on the one hand, and the Trust, on the other, as part of a Workout-Delayed Reimbursement Amount pursuant to subsections (iii)
and (iv) of Section 3.05(a) but that has not been recovered from the Mortgagor or otherwise from collections on or
the proceeds of the related Mortgage Loan or REO Property in respect of which the Advance was made.

“Unscheduled Principal
Distribution Amount”: With respect to any Distribution Date and the Mortgage Loans, the aggregate of the following: (a) all
Principal Prepayments received on the Mortgage Loan on or prior to the related Determination Date and (b) the principal portions
of all Liquidation Proceeds, Insurance and Condemnation Proceeds and, if applicable, REO Revenues or otherwise, received with respect
to the Mortgage Loans and any REO Property on or prior to the related Determination Date, but in each case only to the extent that such
principal portion represents a recovery of principal for which no Advance was previously made pursuant to Section 4.03 in
respect of a preceding Distribution Date; provided that all such Liquidation Proceeds and Insurance and Condemnation Proceeds will
be reduced by any Special Servicing Fees, Liquidation Fees, accrued interest on Advances and other additional expenses of the Trust incurred
in connection with the related Mortgage Loan.

“Unsolicited Information”:
As defined in Section 12.01(b)(iii).

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“Upper-Tier
REMIC”: One of the two separate REMICs comprising the Trust, the assets of which consist of the Lower-Tier Regular Interests,
and such amounts as shall from time to time be held in the Upper-Tier REMIC Distribution Account.

“Upper-Tier
REMIC Distribution Account”: The segregated account or accounts (or a subaccount of the Distribution Account) created and maintained
by the Certificate Administrator (on behalf of the Trustee) pursuant to Section 3.04(b) in trust for the Certificateholders,
which shall initially be entitled “Computershare Trust Company, National Association, as Certificate Administrator, on behalf of
Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of Benchmark 2022-B36 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2022-B36, and the RR Interest Owners, Upper-Tier REMIC Distribution Account”.
Any such account or accounts shall be an Eligible Account.

“U.S. Dollars”
or “$”: Lawful money of the United States of America.

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

“Voting Rights”:
The portion of the voting rights of all of the Certificates which is allocated to any Certificate. At all times during the term of this
Agreement, the Voting Rights shall be allocated among the various Classes of Certificateholders as follows: (i) 2% in the case of
the Class X Certificates (allocated pro rata, based upon their respective Notional Amounts as of the date of determination)
and (ii) in the case of any Principal Balance Certificates and the Class RR Certificates, a percentage equal to the product
of 98% and a fraction, the numerator of which is equal to the Certificate Balance (and solely in connection with any vote for purposes
of determining whether to remove the Special Servicer pursuant to Section 7.01(d), the Operating Advisor pursuant to Section 3.26(j)
or the Asset Representations Reviewer pursuant to Section 12.05, taking into account any notional reduction in the Certificate
Balance for Appraisal Reduction Amounts allocated to the Certificates pursuant to Section 4.05(a) hereof) of such Class, in
each case, determined as of the Distribution Date immediately preceding such time, and the denominator of which is equal to the aggregate
Certificate Balance (and solely in connection with any vote for purposes of determining whether to remove the Special Servicer pursuant
to Section 7.01(d), the Operating Advisor pursuant to Section 3.26(j) or the Asset Representations Reviewer pursuant
to Section 12.05, taking into account any notional reduction in the Certificate Balance for Cumulative Appraisal Reduction
Amounts allocated to the Certificates pursuant to Section 4.05(a) hereof) of the Principal Balance Certificates and the Class RR
Certificates, each determined as of the Distribution Date immediately preceding such time. The Voting Rights of any Class of Certificates
shall be allocated among Certificateholders of such Class in proportion

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to their respective Percentage Interests. Neither
of the Class R Certificates nor the RR Interest shall be entitled to any Voting Rights.

“VRR-A Risk Retention
Consultation Party”: The Risk Retention Consultation Party selected by JPMCB. The Initial VRR-A Risk Retention Consultation
Party shall be JPMCB.

“VRR-B Risk Retention
Consultation Party”: The Risk Retention Consultation Party selected by DBRI. The Initial VRR-B Risk Retention Consultation Party
shall be DBNY.

“VRR Allocation
Percentage”: A fraction, expressed as a percentage, equal to the VRR Percentage divided by the Non-VRR Percentage.

“VRR Available Funds”:
With respect to any Distribution Date, an amount equal to the sum of (i) the VRR Percentage of the Aggregate Available Funds for such
Distribution Date and (ii) the VRR Interest Gain-on-Sale Remittance Amount.

“VRR Interest”:
The RR Interest and/or the Class RR Certificates, as applicable.

“VRR Interest Balance”:
The Certificate Balance of the Class RR Certificates and/or the RR Interest Balance of the RR Interest, as applicable.

“VRR Interest Distribution
Amount”: With respect to the VRR Interest for any Distribution Date, an amount equal to the product of (A) the VRR Allocation
Percentage and (B) the aggregate amount of interest distributed to Non-VRR Certificateholders pursuant to Section 4.01(a)(i),
(iv), (vii), (x), (xiii), (xvi), (xix), (xxii), (xxv), (xxviii) and (xxxi)
on such Distribution Date.

“VRR Interest Gain-on-Sale
Remittance Amount”: For each Distribution Date, the lesser of (i) the amount on deposit in the VRR Interest Gain-on-Sale Reserve
Account on such Distribution Date, and (ii) the VRR Percentage of the Aggregate Gain-on-Sale Entitlement Amount.

“VRR Interest Gain-on-Sale
Reserve Account”: A custodial account or accounts (or subaccount of the Distribution Account) created and maintained by the
Certificate Administrator, pursuant to Section 3.04(e) on behalf of the Trustee for the benefit of the VRR Interest Owners, which
shall initially be entitled “Computershare Trust Company, National Association, as Certificate Administrator, on behalf of Wilmington
Trust, National Association, as Trustee, for the benefit of the VRR Interest Owners under the Pooling and Servicing Agreement for the
Benchmark 2022-B36 Mortgage Trust VRR Interest Gain-on-Sale Reserve Account”. Any such account shall be an Eligible Account
or a subaccount of an Eligible Account.

“VRR Interest Owner”:
Any Person who owns the RR Interest or the Class RR Certificates, as identified to the Certificate Administrator in writing. JPMCB is
a RR Interest Owner as of the Closing Date, and DBNY (as a Majority-Owned Affiliate of DBRI) is a Holder of the Class RR Certificates
as of the Closing Date. Until it receives notice to the contrary in the form of both Exhibit D-3 and Exhibit D-4 or Exhibit
D-5 and Exhibit D-6, as applicable, hereto pursuant to Section 5.03(i), the Certificate Administrator shall be entitled
to rely on the preceding sentence with respect to the identity of the VRR Interest Owners and, thereafter, the Certificate

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Administrator shall be entitled to rely on
the most recent notification in the form of notice of the new owner and submission of both Exhibit D-3 and Exhibit D-4 or
Exhibit D-5 and Exhibit D-6, as applicable, hereto pursuant to Section 5.03(i) with respect to the identity of the
VRR Interest Owners.

“VRR Interest Rate”:
With respect to any Distribution Date, a per annum that equal to the Weighted Average Net Mortgage Rate for such Distribution Date.

“VRR Percentage”:
As of any date of determination, a fraction, expressed as a percentage, the numerator of which is the VRR Interest Balance, and the denominator
of which is the aggregate Certificate Balance of all of the Classes of Principal Balance Certificates and the VRR Interest Balance.

“VRR Principal Distribution
Amount”: With respect to the VRR Interest for any Distribution Date, an amount equal to the product of (A) the VRR Allocation
Percentage and (B) the aggregate amount of principal distributed to the Holders of the Non-VRR Certificates pursuant to Section 4.01(a)(ii),
(v), (viii), (xi), (xiv), (xvii), (xx), (xxiii), (xxvi), (xxix) and (xxxii)
on such Distribution Date.

“VRR Realized Loss”:
With respect to any Distribution Date, the amount, if any, by which (i) the aggregate VRR Interest Balance, after giving effect to
distributions of principal on such Distribution Date, exceeds (ii) the product of (a) the VRR Percentage and (b) the aggregate
Stated Principal Balance (for purposes of this definition only, not giving effect to any reductions of the Stated Principal Balance for
payments of principal collected on the Mortgage Loans that were used to reimburse any Workout-Delayed Reimbursement Amounts pursuant to
Section 3.05(a)(v) to the extent such Workout-Delayed Reimbursement Amounts are not otherwise determined to be Nonrecoverable
Advances) of the Mortgage Loans and any REO Loans (but in each case, excluding any portion allocable to any related Companion Loan, if
applicable) as of the end of the last day of the related Collection Period.

“VRR Realized Loss
Interest Distribution Amount”: With respect to any Distribution Date and the VRR Interest, an amount equal to the product of
(a) the VRR Allocation Percentage and (b) the aggregate amount of interest on unreimbursed Realized Losses distributed to the holders
of the Non-VRR Certificates according to Section 4.01(a)(iii), (vi), (ix), (xii), (xv), (xviii),
(xxi), (xxiv), (xxvii), (xxx) and (xxxiii) on such Distribution Date.

“VRR Retained Prepayment
Premiums and Yield Maintenance Charges”: As defined in Section 4.01(d) of this Agreement.

“Weighted Average
Net Mortgage Rate”: With respect to any Distribution Date, a per annum rate equal to the weighted average of the Net
Mortgage Rates in effect for each Mortgage Loan (including any Non-Serviced Mortgage Loan) and REO Loan (other than the portion of
an REO Loan related to any Companion Loan) as of their respective Due Dates in the month preceding the month in which such Distribution
Date occurs, weighted on the basis of their respective Stated Principal Balances immediately following the Distribution Date (or, if applicable,
the Closing Date) in such preceding month.

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“WHFIT”:
A “Widely Held Fixed Investment Trust” as that term is defined in Treasury Regulations Section 1.671-5(b)(22) or successor
provisions.

“WHFIT Regulations”:
Treasury Regulations Section 1.671-5, as amended or successor provisions.

“WHMT”:
A “Widely Held Mortgage Trust” as that term is defined in Treasury Regulations Section 1.671-5(b)(23) or successor provisions.

“Whole Loan”:
With respect to any Mortgage Loan with a related Companion Loan and/or a related Subordinate Companion, such Mortgage Loan and its related
Companion Loan(s), collectively, as identified in the “Whole Loan” chart in the Preliminary Statement. With respect to each
Whole Loan, references herein to each such Whole Loan shall be construed to refer to the aggregate indebtedness under the related Mortgage
Loan and the related Companion Loan(s).

“Withheld Amounts”:
As defined in Section 3.21(a).

“Workout-Delayed
Reimbursement Amounts”: With respect to any Mortgage Loan, the amount of any Advances made with respect to such Mortgage Loan
on or before the date such Mortgage Loan becomes (or, but for the making of three Periodic Payments under its modified terms, would then
constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such
Advance (and accrued and unpaid interest thereon) is not reimbursed to the Person who made such Advance on or before the date, if any,
on which Mortgage Loan becomes a Corrected Loan and (ii) the amount of such Advance (and accrued and unpaid interest thereon) becomes
an obligation of the related Mortgagor to pay such amount under the terms of the modified loan documents. That any amount constitutes
all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine
in the future that such amount instead constitutes a Nonrecoverable Advance.

“Workout Fee”:
The fee paid to the Special Servicer with respect to each Corrected Loan (except with respect to a Corrected Loan that was a Fee Restricted
Specially Serviced Loan and became a Corrected Loan while it was a Fee Restricted Specially Serviced Loan) in accordance with Section 3.11(c).

“Workout Fee Rate”:
With respect to each Corrected Loan (except with respect to a Corrected Loan that was a Fee Restricted Specially Serviced Loan and became
a Corrected Loan while it was a Fee Restricted Specially Serviced Loan), a fee of 1.00% of each collection (other than Penalty Charges)
of interest and principal (other than any amount for which a Liquidation Fee would be paid), including (i) Periodic Payments, (ii) Balloon
Payments, (iii) Principal Prepayments and (iv) payments (other than those included in clause (i) or (ii)
of this definition) at maturity, received on each Corrected Loan for so long as it remains a Corrected Loan; provided that if such
rate would result in an aggregate Workout Fee of less than $25,000, then the Workout Fee Rate will be equal to such higher rate as would
result in an aggregate Workout Fee equal to $25,000.

“XML”:
Extensible Markup Language.

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“Yield Maintenance
Charge”: With respect to any Mortgage Loan, any premium, fee or other additional amount paid or payable, as the context requires,
by a borrower in connection with a principal prepayment on, or other early collection of principal of, a Mortgage Loan, calculated, in
whole or in part, pursuant to a yield maintenance formula or otherwise pursuant to a formula that reflects the lost interest, including
any specified amount or specified percentage of the amount prepaid which constitutes the minimum amount that such Yield Maintenance Charge
may be.

“YM Group”:
YM Group A, YM Group B, YM Group D, YM Group F, YM Group G, YM Group H, YM Group J or YM Group K, as applicable.

“YM Group A”:
Collectively, the Class A Certificates and the Class X-A Certificates.

“YM Group B”:
Collectively, the Class X-B, Class B and Class C Certificates.

“YM Group D”:
Collectively, the Class D, Class E and Class X-D Certificates.

“YM Group F”:
Collectively, the Class X-F and Class F Certificates.

“YM Group G”:
Collectively, the Class X-G and Class G Certificates.

“YM Group H”:
Collectively, the Class X-H and Class H Certificates.

“YM Group J”:
Collectively, the Class X-J and Class J Certificates.

“YM Group K”:
Collectively, the Class X-K and Class K Certificates.

Section 1.02       
Certain Calculations. Unless otherwise specified herein, for purposes of determining amounts with respect to the Certificates
and the RR Interest and the rights and obligations of the parties hereto, the following provisions shall apply:

(i)               
All calculations of interest (other than as provided in the related Mortgage Loan documents) provided for herein shall be made
on the basis of a 360-day year consisting of twelve 30-day months.

(ii)               Any
Mortgage Loan or Companion Loan payment is deemed to be received on the date such payment is actually received by the Master Servicer
or the Special Servicer; provided, however, that for purposes of calculating distributions on the Certificates and the
RR Interest, Principal Prepayments with respect to any Mortgage Loan are deemed to be received on the date they are applied in accordance
with the Servicing Standard consistent with the terms of the related Mortgage Note and Mortgage to reduce the outstanding principal balance
of such Mortgage Loan on which interest accrues.

(iii)              Any
reference to the Certificate Balance of any Class of Principal Balance Certificates or the VRR Interest Balance of the VRR Interest on
or as of a Distribution Date shall refer to the Certificate Balance of such Class of Principal Balance Certificates or the VRR Interest
Balance on such Distribution Date after giving effect to (a) any distributions

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made on such Distribution Date pursuant
to Section 4.01(a), (b) and (c), (b) any Non-VRR Realized Losses allocated to such Class of Principal Balance
Certificates on that Distribution Date pursuant to Section 4.04, and (c) any recoveries on the related Mortgage Loans
of Nonrecoverable Advances (plus interest thereon) that were previously reimbursed from principal collections on the related Mortgage
Loans, that resulted in a reduction of the Aggregate Principal Distribution Amount, which recoveries are allocated to such Class of Principal
Balance Certificates and the VRR Interest, and added to the Certificate Balance or the VRR Interest Balance, as applicable, pursuant to
Section 4.04(a).

(iv)             Unless
otherwise specifically provided for herein, all net present value calculations and determinations made with respect to a Mortgage Loan,
Serviced Companion Loan, Mortgaged Property or REO Property (including for purposes of the definition of “Servicing Standard”)
shall be made, in the event the Mortgage Loan documents are silent, using a discount rate (a) for principal and interest payments
on a Mortgage Loan or Serviced Companion Loan, as applicable, or sale of a Defaulted Loan, by the Special Servicer, the highest of (x) the
rate determined by the Master Servicer or Special Servicer, as applicable, that approximates the market rate that would be obtainable
by the related Mortgagor on similar non-defaulted debt of such Mortgagor as of such date of determination, (y) the Mortgage
Rate on the applicable Mortgage Loan or Serviced Companion Loan, as applicable, based on its outstanding principal balance and (z) the
yield on 10-year U.S. treasuries as of such date of determination, and (b) for all other cash flows, including property cash flow,
the “discount rate” set forth in the most recent Appraisal (or update of such Appraisal) of the related Mortgaged Property.

(v)                Any
reference to “expense of the trust” or “additional trust fund expense” or words of similar import shall be construed
to mean, for any Serviced Mortgage Loan, an expense that shall be applied in accordance with the related Intercreditor Agreement or,
if no application is specified in the related Intercreditor Agreement, then, to the extent such Intercreditor Agreement refers to this
Agreement for the application of trust fund expenses or such Intercreditor Agreement does not prohibit the following application of trust
fund expenses (i) with respect to any Serviced Pari Passu Whole Loan, pro rata and pari passu, to the Trust and
the related Serviced Pari Passu Companion Loan(s) in accordance with the respective Stated Principal Balances of the related Serviced
Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan(s) or (ii) with respect to the Serviced AB Whole Loan, first,
to the related AB Subordinate Companion Loan and then, pro rata and pari passu, by the Trust and the related Serviced Pari
Passu Companion Loan (if any), in accordance with the respective Stated Principal Balances of the related Mortgage Loan and Serviced
Pari Passu Companion Loan.

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[End of Article I]

Article II

CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF

CERTIFICATES; CREATION OF RR INTEREST

Section 2.01       
Conveyance of Mortgage Loans. (a) The Depositor, concurrently with the execution and delivery hereof, does hereby establish
a trust, appoint the Trustee as trustee of the trust, assign, sell, transfer and convey to the Trustee, in trust, without recourse, for
the benefit of the Certificateholders, the RR Interest Owners and the Trustee (as holder of the Lower-Tier Regular Interests) all the
right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, whether now owned
or existing or hereafter acquired or arising, in, to and under (i) the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) Sections 1,
2, 3, 4, 5 (excluding Section 5(d), 5(f) and 5(g)), 6(a) (excluding clauses (viii) and (xii) of Section 6(a)), 6(c), 6(d),
6(e), 6(f), 6(g), 10, 11, 13, 14, 15, 17, 18 and 19 of each of the Mortgage Loan Purchase Agreements, (iii) the Intercreditor Agreements,
and (iv) all other assets included or to be included in the Trust Fund (collectively, the “Conveyed Property”).
Such assignment includes all interest and principal received or receivable on or with respect to the Mortgage Loans (in each case, other
than (i) payments of principal and interest due and payable on the Mortgage Loans on or before the Cut-off Date; and (ii) prepayments
of principal collected on or before the Cut-off Date). The transfer of the Mortgage Loans and the related rights and property accomplished
hereby is absolute and, notwithstanding Section 13.07, is intended by the parties to constitute a sale. In connection with
the assignment to the Trustee of Sections 1, 2, 3, 4, 5 (excluding Section 5(d), 5(g) and 5(h)), 6(a) (excluding clauses (viii)
and (xii) of Section 6(a)), 6(c), 6(d), 6(e), 6(f), 6(g), 10, 11, 13, 14, 15, 17, 18 and 19 of each of the Mortgage Loan Purchase
Agreements, it is intended that the Trustee get the benefit of Sections 10, 11 and 14 thereof in connection with any exercise of
rights under the assigned Sections, and the Depositor shall use its best efforts to make available to the Trustee the benefits of Sections 10,
11 and 14 in connection therewith.

(b)              
In connection with the Depositor’s assignment pursuant to subsection (a) above, the Depositor shall direct, and
hereby represents and warrants that it has directed, the Mortgage Loan Sellers to the extent provided in the applicable Mortgage Loan
Purchase Agreement to deliver to and deposit with, or cause to be delivered to and deposited with, the Custodian (or with respect to letters
of credit, the Master Servicer), on or before the Closing Date (or, with respect to the original Mortgage Note related to the Mortgage
Loan identified as “2374-2386 Grand Concourse” on the Mortgage Loan Schedule, on or before the second (2nd) Business
Day immediately following the Closing Date), the Mortgage File for each Mortgage Loan so assigned, with copies to the Master Servicer
(except, in the case of Serviced Mortgage Loans, for letters of credit). If the applicable Mortgage Loan Seller cannot deliver, or cause
to be delivered, as to any Mortgage Loan, the original Mortgage Note, the delivery requirements of the applicable Mortgage Loan Purchase
Agreement and this Section 2.01(b) shall be deemed to have been satisfied upon such Mortgage Loan Seller’s delivery
of a copy or duplicate original of such Mortgage Note, together with an affidavit certifying that the original thereof has been lost or
destroyed and indemnifying the Trustee and the Trust. If the applicable Mortgage Loan Seller

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cannot deliver, or cause to be delivered, as
to any Mortgage Loan, any of the documents and/or instruments referred to in clauses (ii), (iii), (iv), (vii),
and (ix) of the definition of “Mortgage File” (or, if applicable, a copy thereof) with evidence of filing or recording
thereon (if intended to be recorded or filed), solely because of a delay caused by the public filing or recording office where such document
or instrument has been delivered, or will be delivered within ten (10) Business Days of the Closing Date, for filing or recordation, the
delivery requirements of the applicable Mortgage Loan Purchase Agreement and this Section 2.01(b) shall be deemed to have
been satisfied on a provisional basis as of the Closing Date as to such non-delivered document or instrument, and such non-delivered
document or instrument shall be deemed to have been included in the Mortgage File, if a duplicate original or a photocopy of such non-delivered
document or instrument (certified by the applicable public filing or recording office, the applicable title insurance company or the applicable
Mortgage Loan Seller to be a true and complete copy of the original thereof submitted or to be submitted for filing or recording) is delivered
to the Custodian on or before the Closing Date, and either the original of such non-delivered document or instrument, or a photocopy
thereof (certified by the appropriate county recorder’s office or the applicable title insurance company, in the case of the documents
and/or instruments referred to in clause (ii) of the definition of “Mortgage File”, to be a true and complete
copy of the original thereof submitted for recording), with evidence of filing or recording thereon, is delivered to the Custodian within
one hundred-eighty (180) days of the Closing Date (or within such longer period, not to exceed eighteen (18) months, after the Closing
Date as the Custodian shall consent to as long as the applicable Mortgage Loan Seller is, as certified in writing to the Trustee and the
Custodian no less often than every ninety (90) days following such 180–day period after the Closing Date, attempting in good faith
to obtain from the appropriate public filing office or county recorder’s office such original or photocopy). If the applicable Mortgage
Loan Seller is required to, but cannot, deliver, or cause to be delivered, as to any Mortgage Loan, any of the documents and/or instruments
referred to in clauses (ii), (iii), (iv), (vii), and (ix) (or, if applicable, a copy thereof)
of the definition of “Mortgage File,” with evidence of filing or recording thereon, for any other reason, including, without
limitation, that such non-delivered document or instrument has been lost or destroyed, the delivery requirements of the applicable
Mortgage Loan Purchase Agreement and this Section 2.01(b) shall be deemed to have been satisfied as to such non-delivered
document or instrument, and such non-delivered document or instrument shall be deemed to have been included in the Mortgage File,
if a photocopy of such non-delivered document or instrument (with evidence of filing or recording thereon and certified in the case
of the documents and/or instruments referred to in clause (ii) of the definition of “Mortgage File” by the appropriate
county recorder’s office or the applicable title insurance company to be a true and complete copy of the original thereof submitted
for recording) is delivered to the Custodian on or before the Closing Date. Neither the Trustee nor any Custodian shall in any way be
liable for any failure by any Mortgage Loan Seller or the Depositor to comply with the delivery requirements of the related Mortgage Loan
Purchase Agreement and this Section 2.01(b). If, on the Closing Date as to any Mortgage Loan, subject to the next sentence,
the applicable Mortgage Loan Seller is required to, but cannot, deliver (in complete and recordable form or form suitable for filing or
recording, if applicable) any one of the assignments in favor of the Trustee referred to in clause (iii), clause (v)
(to the extent not already assigned pursuant to clause (iii)), clause (x) (to the extent not already assigned
pursuant to clause (iii)) or clause (ix) of the definition of “Mortgage File” solely because of the
unavailability of filing or recording information as to any existing document or instrument, such Mortgage Loan Seller may provisionally
satisfy the delivery requirements of the related

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Mortgage Loan Purchase Agreement and this Section 2.01(b)
with respect to such assignment by delivering with respect to such Mortgage Loan on the Closing Date an omnibus assignment of such Mortgage
Loan substantially in the form of Exhibit H; provided that all required original assignments with respect to such Mortgage
Loan (in fully complete and recordable form or form suitable for filing or recording, if applicable) are delivered to the Custodian within
one hundred-eighty (180) days after the Closing Date (or within such longer period, not to exceed eighteen (18) months, which the
Custodian shall consent to so long as the applicable Mortgage Loan Seller is, as certified in writing to the Trustee and the Custodian
no less often than every ninety (90) days following such 180–day period after the Closing Date, attempting in good faith to obtain
from the appropriate public filing office or county recorder’s office the applicable filing or recording information as to the related
document or instrument); and provided, further, that in the case of a Non-Serviced Mortgage Loan, the delivery of any such
assignments shall be subject to clause (e) of the final proviso to the definition of “Mortgage File” herein. If,
in accordance with the related Mortgage Loan Purchase Agreement and consistent with Section 2.01(c) of this Agreement, as
to any Mortgage Loan, the related Mortgage Loan Seller or its agent is responsible for recording or filing, as applicable, any one of
the assignments in favor of the Trustee referred to in clause (iii), clause (v) (to the extent not already assigned
pursuant to clause (iii)) or clause (ix) of the definition of “Mortgage File”, such Mortgage Loan
Seller may provisionally satisfy the delivery requirements of the related Mortgage Loan Purchase Agreement and this Section 2.01(b)
with respect to such assignment by delivering to the Custodian with respect to such Mortgage Loan on the Closing Date a copy of such assignment
in the form sent for recording or filing or (except for recording or filing information not yet available) to be sent for recording or
filing; provided that an original or copy of such assignment (with evidence of recording or filing, as applicable, indicated thereon)
shall be delivered to the Custodian as contemplated by Section 2.01(c) of this Agreement. Notwithstanding anything herein
to the contrary, with respect to letters of credit referred to in clause (xii) of the definition of “Mortgage File”
and relating to a Serviced Mortgage Loan, the applicable Mortgage Loan Seller shall deliver the original to the Master Servicer (which
letter of credit shall be titled in the name of, or assigned to, “Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of Benchmark
2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36, and the RR Interest Owners”), and a
copy to the Custodian or, if such original has been submitted by the applicable Mortgage Loan Seller to the issuing bank to effect a reissuance,
assignment or amendment of such letter of credit (changing the beneficiary thereof to the Master Servicer (in care of the Trustee, as
titled above) that may be required in order for the Master Servicer to draw on such letter of credit on behalf of the Trust in accordance
with the applicable terms thereof and/or of the related Mortgage Loan documents) and the applicable Mortgage Loan Seller shall be deemed
to have satisfied the delivery requirements of the related Mortgage Loan Purchase Agreement and this Section 2.01(b) by delivering
with respect to any letter(s) of credit a copy thereof to the Custodian together with an officer’s certificate of the applicable
Mortgage Loan Seller certifying that such document has been delivered to the issuing bank for reissuance or an Officer’s Certificate
from the Master Servicer certifying that it holds the letter(s) of credit pursuant to this Section 2.01(b), one of which shall
be delivered to the Custodian on the Closing Date. If a letter of credit referred to in the previous sentence is not in a form that would
allow the Master Servicer to draw on such letter of credit on behalf of the Trust in accordance with the applicable terms thereof and/or
of the related Mortgage Loan documents, the applicable Mortgage Loan Seller shall deliver the appropriate

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assignment or amendment documents (or copies
of such assignment or amendment documents if the related Mortgage Loan Seller has submitted the originals to the related issuer of such
letter of credit for processing) to the Custodian within thirty (30) days of the Closing Date. If not otherwise paid by the related Mortgagor,
the applicable Mortgage Loan Seller shall pay any costs of assignment or amendment of such letter(s) of credit required in order for the
Master Servicer to draw on such letter(s) of credit on behalf of the Trust and shall cooperate with the reasonable requests of the Master
Servicer in connection with effectuating a draw under any such letter of credit prior to the date such letter of credit is assigned or
amended in order that it may be drawn by the Master Servicer on behalf of the Trust.

(c)              
Pursuant to each Mortgage Loan Purchase Agreement, except in the case of a Non-Serviced Mortgage Loan, the related Mortgage Loan
Seller is required at its sole cost and expense, to itself, or to engage a third party to, put each Assignment of Mortgage, each assignment
of Assignment of Leases and each assignment of each UCC Financing Statement (collectively, the “Assignments” and, individually,
“Assignment”) relating to the Mortgage Loans conveyed by it under the applicable Mortgage Loan Purchase Agreement in
proper form for filing or recording, as applicable, and to submit such Assignments for filing or recording, as the case may be, in the
applicable public filing or recording office. On the Closing Date, the Mortgage Loan Sellers may deliver one (1) omnibus assignment for
all such Mortgage Loans as provided in Section 2.01(b). Except under the circumstances provided for in the last sentence of
this subsection (c) and except in the case of a Non-Serviced Mortgage Loan, the related Mortgage Loan Seller will itself,
or a third party at such Mortgage Loan Seller’s expense will, promptly (and in any event within one hundred twenty (120) days after
the later of the Closing Date and the related Mortgage Loan Seller’s actual receipt of the related documents and the necessary recording
and filing information) cause to be submitted for recording or filing, as the case may be, in the appropriate public office for real property
records or UCC Financing Statements, as appropriate, each Assignment. Each such Assignment submitted for recording shall reflect that
it (or a file copy thereof in the case of a UCC Assignment) should be returned by the public recording office to the Custodian or its
designee following recording or filing (or to the related Mortgage Loan Seller or its agent who will then be responsible for delivery
of the same to the Custodian or its designee). Any such Assignment received by the Custodian shall be promptly included in the related
Mortgage File and be deemed a part thereof, and any such Assignment received by the related Mortgage Loan Seller or its agent shall be
required to be delivered to the Custodian to be included as part of the related Mortgage File within thirty (30) days after receipt. If
any such document or instrument is determined to be incomplete or not to meet the recording or filing requirements of the jurisdiction
in which it is to be recorded or filed, or is lost by the public office or returned unrecorded or unfiled, as the case may be, because
of a defect therein, on or about one hundred-eighty (180) days after the Closing Date, the related Mortgage Loan Seller or its designee
shall prepare, at its own expense, a substitute therefor or cure such defect, as the case may be, and thereafter the related Mortgage
Loan Seller or its designee shall, at the expense of such Mortgage Loan Seller, upon receipt thereof cause the same to be duly recorded
or filed, as appropriate. If, by the first anniversary of the Closing Date, the Custodian has not received confirmation of the recording
or filing as the case may be, of any such Assignment, it shall so advise the related Mortgage Loan Seller who may then pursue such confirmation
itself or request that the Custodian pursue such confirmation at the related Mortgage Loan Seller’s expense, and upon such a request
and provision for payment of such expenses satisfactory to the Custodian, the Custodian, at the expense of the applicable Mortgage Loan
Seller, shall cause a search of the land records of each applicable

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jurisdiction and of the records of the offices
of the applicable Secretary of State for confirmation that the Assignment appears in such records and retain a copy of such confirmation
in the related Mortgage File. In the event that confirmation of the recording or filing of an Assignment cannot be obtained, the Custodian
or the related Mortgage Loan Seller, as applicable, shall promptly inform the other and the Custodian shall provide such Mortgage Loan
Seller with a copy of the Assignment and request the preparation of a new Assignment. The related Mortgage Loan Seller shall pay the expenses
for the preparation of replacement Assignments for any Assignments which, having been properly submitted for filing or recording to the
appropriate governmental office by the Custodian, fail to appear of record and must be resubmitted. Notwithstanding the foregoing, there
shall be no requirement to record any assignment to the Trustee referred to in clause (iii) or (v) of the definition
of “Mortgage File,” or to file any UCC-3 to the Trustee referred to in clause (ix) of the definition of “Mortgage
File,” in those jurisdictions where, in the written opinion of local counsel (which opinion shall be an expense of the related Mortgage
Loan Seller) acceptable to the Depositor and the Trustee, such recordation and/or filing is not required to protect the Trustee’s
interest in the related Mortgage Loan, against sale, further assignment, satisfaction or discharge by the related Mortgage Loan Seller,
the Master Servicer, the Special Servicer, any Sub-Servicer or the Depositor.

(d)              
All documents and records in the Depositor’s or the applicable Mortgage Loan Seller’s possession relating to the Mortgage
Loans (including, in each case, financial statements, operating statements and any other information provided by the respective Mortgagor
from time to time, but excluding the applicable Mortgage Loan Seller’s internal communications (including such communications between
such Mortgage Loan Seller and its Affiliates) and underwriting analysis (including documents prepared by the applicable Mortgage Loan
Seller or any of its Affiliates for such purposes), draft documents, attorney-client communications that are privileged communications
or constitute legal or other due diligence analyses and credit underwriting or due diligence analyses or data) that (i) are not required
to be a part of a Mortgage File in accordance with the definition thereof and (ii) are reasonably necessary for the servicing of
each such Mortgage Loan, together with copies of all documents in each Mortgage File, shall be delivered by the Depositor or the applicable
Mortgage Loan Seller to the Master Servicer within five (5) Business Days after the Closing Date and shall be held by the Master Servicer
on behalf of the Trustee in trust for the benefit of the Certificateholders (and as holder of the Lower-Tier Regular Interests) and, if
applicable, on behalf of the related Companion Holder. Such documents and records shall be any documents and records (with the exception
of any items excluded under the immediately preceding sentence) that would otherwise be a part of the Servicing File.

(e)              
In connection with the Depositor’s assignment pursuant to subsection (a) above, the Depositor shall deliver to
the Trustee and the Master Servicer, on or before two (2) Business Days after the Closing Date, a fully executed original counterpart
of each of the Mortgage Loan Purchase Agreements, as in full force and effect, without amendment or modification, on the Closing Date.

(f)               
The Depositor shall use its reasonable best efforts to require that, promptly after the Closing Date, but in all events within
three (3) Business Days after the Closing Date, each of the Mortgage Loan Sellers shall cause all funds on deposit in escrow accounts
maintained with respect to the Mortgage Loans transferred by such Mortgage Loan Seller, whether such accounts

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are held in the name of the applicable Mortgage
Loan Seller or any other name, to be transferred to the Master Servicer (or a Sub-Servicer) for deposit into Servicing Accounts.

(g)              
With respect to the Franchise Required Mortgage Loans, the related Mortgage Loan Seller or its designee will be required to provide
any such required notice or make any such required request to the related franchisor (with a copy of such notice or request to the Master
Servicer) within forty-five (45) days of the Closing Date (or any shorter period if required by the applicable comfort letter), and the
Master Servicer shall use reasonable efforts in accordance with the Servicing Standard to acquire such replacement comfort letter, if
necessary (or to acquire any such new document or acknowledgement as may be contemplated under the existing comfort letter).

(h)              
Each Mortgage Loan Purchase Agreement shall provide that within sixty (60) days of the Closing Date, each Mortgage Loan Seller
shall deliver or cause to be delivered the Diligence Files for each of its Mortgage Loans to the Depositor by uploading such Diligence
Files to the Intralinks Site. Promptly upon completion of such delivery of the Diligence Files (but in no event later than sixty (60)
days after the Closing Date), the applicable Mortgage Loan Seller shall provide to the Depositor (with a copy via email to each of the
Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian, the Directing Certificateholder, the
Asset Representations Reviewer and the Operating Advisor at the email addresses set forth in this Agreement) an officer’s certificate
to the address set forth in Section 13.05, signed by the applicable Mortgage Loan Seller certifying that the electronic copies
of the documents and information uploaded to the Intralinks Site constitute all documents and information required under the definition
of “Diligence File” (the “Diligence File Certification”), which shall be organized and categorized in accordance
with the electronic file structure reasonably agreed to by the Depositor and the related Mortgage Loan Seller, and shall provide the Master
Servicer and Special Servicer with access to the Intralinks Site.

(i)                
Notwithstanding anything to the contrary contained in this Section 2.01 or in Section 2.02, in connection
with a Servicing Shift Whole Loan, (1) instruments of assignment to the Trustee may be in blank and need not be recorded pursuant to this
Agreement (other than the endorsements to the Note(s) evidencing the related Servicing Shift Mortgage Loan) until the earlier of (i) the
related Servicing Shift Securitization Date, in which case such instruments shall be assigned and recorded in accordance with the related
Non-Serviced PSA, (ii) 180 days following the Closing Date, and (iii) such Servicing Shift Whole Loan becoming a Specially Serviced Loan
prior to such Servicing Shift Securitization Date, in which case assignments and recordations shall be effected in accordance with this
Section 2.01 until the occurrence, if any, of such Servicing Shift Securitization Date, (2) no letter of credit need be amended
(including, without limitation, to change the beneficiary thereon) until the earlier of (i) the related Servicing Shift Securitization
Date, in which case such amendment shall be in accordance with the related Non-Serviced PSA, (ii) 180 days following the Closing Date,
and (iii) such Servicing Shift Whole Loan becoming a Specially Serviced Loan prior to such Servicing Shift Securitization Date in which
case such amendment shall be effected in accordance with the terms of this Section 2.01, and (3) on and following such Servicing
Shift Securitization Date, the Person selling the related Servicing Shift Lead Note to the related Non-Serviced Depositor, at its own
expense, shall be (a) entitled to direct in writing, which may be conclusively relied upon by the Custodian, the Custodian to deliver
the originals of all the Mortgage Loan documents relating to such Servicing

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Shift Whole Loan in its possession (other than
the original Note(s) evidencing such Servicing Shift Mortgage Loan) to the related Non-Serviced Trustee or the related Non-Serviced Custodian,
(b) if the right under clause (a) is exercised, required to cause the retention by or delivery to the Custodian of photocopies of Mortgage
Loan documents related to such Servicing Shift Whole Loan so delivered to such Non-Serviced Trustee or such Non-Serviced Custodian, (c)
entitled to cause the completion (or, in the event of a recordation as contemplated by clause (1)(ii) of this paragraph, the preparation,
execution and delivery) and recordation of instruments of assignment in the name of the related Other Trustee or related Non-Serviced
Custodian, (d) if the right under clause (c) is exercised, required to deliver to the Trustee or Custodian photocopies of any instruments
of assignment so completed and recorded, and (e) entitled to require the Master Servicer to transfer, and to cooperate with all reasonable
requests in connection with the transfer of, the Servicing File, and any Escrow Payments, reserve funds and items specified in clauses
(x) and (xii) of the definition of “Mortgage File” for such Servicing Shift Whole Loan to the related Other Servicer.

(j)                  On
or before the Closing Date, the Depositor shall deliver the Initial Schedule AL File in EDGAR-Compatible Format and Excel format, the
Initial Schedule AL Additional File in EDGAR-Compatible Format and Excel format and Annex A-1 to the Prospectus in EDGAR-Compatible Format
and Excel format to the Master Servicer at NoticeAdmin@midlandls.com.

(k)              
Notwithstanding anything to the contrary contained herein, with respect to a Joint Mortgage Loan, the obligations of each of the
applicable Mortgage Loan Sellers to deliver a Mortgage Note (and any related allonge or assignment) to the Custodian shall be limited
to delivery of only the Mortgage Note (and any related allonge or assignment) held by such party to the Custodian. With respect to a Joint
Mortgage Loan, the obligations of the applicable Mortgage Loan Sellers to deliver the remaining portion of the related Mortgage File or
any document required to be delivered with respect thereto shall be joint and several, provided that either of the applicable Mortgage
Loan Sellers may deliver one Mortgage File or one of any other document required to be delivered with respect to such Mortgage Loan hereunder
and such delivery shall satisfy such delivery requirements for each of the applicable Mortgage Loan Sellers.

Section 2.02       
Acceptance by Trustee. (a) The Trustee, by the execution and delivery of this Agreement (1) acknowledges receipt
by it or a Custodian on its behalf, subject to the provisions of Section 2.01, in good faith and without notice of any adverse
claim, of the applicable documents specified in clause (i) of the definition of “Mortgage File” with respect to
each Mortgage Loan and of all other assets included in the Trust Fund and (2) declares (a) that it or a Custodian on its behalf
holds and will hold such documents and the other documents delivered or caused to be delivered by the Mortgage Loan Sellers that constitute
the Mortgage Files in the name of the Trust for the benefit of all present and future Certificateholders, and (b) that it holds and
will hold such other assets included in the Trust Fund, in trust for the exclusive use and benefit of all present and future Certificateholders
and the RR Interest Owners, with respect to any original document in the Mortgage File for a Serviced Whole Loan, for any present or future
Companion Holder (and for the benefit of the Trustee as holder of the Lower-Tier Regular Interests), as applicable. If any Mortgage Loan
Seller is unable to deliver or cause the delivery of any original Mortgage Note, such Mortgage Loan Seller may deliver a copy of such
Mortgage Note, together

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with a signed lost note affidavit and appropriate
indemnity and shall thereby be deemed to have satisfied the document delivery requirements of Section 2.01 and of this Section 2.02.

(b)              
Within sixty (60) days of the Closing Date, the Custodian shall review the Mortgage Loan documents delivered or caused to be delivered
by the Mortgage Loan Sellers constituting the Mortgage Files and, promptly following such review (but in no event later than sixty (60)
days after the Closing Date), the Custodian shall, in the form attached as Exhibit Q, certify in writing to each of the Rating
Agencies, the Depositor, the Master Servicer, the Special Servicer, the Directing Certificateholder (so long as no Consultation Termination
Event shall have occurred and be continuing and only with respect to Mortgage Loans other than any Excluded Loan), the Trustee, the Certificate
Administrator, the Asset Representations Reviewer, the Operating Advisor and the applicable Mortgage Loan Seller (as to each Mortgage
Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full)) that, except as specifically identified in any
exception report annexed to such writing (the “Custodial Exception Report”), (i) subject to the final proviso
of the definition of “Mortgage File” herein and Section 2.01 hereof, all documents specified in clauses (i)
through (v), (viii), (ix), (xi), (xii) and (xiii) (or, with respect to clause (xii),
a copy of such letter of credit and the required Officer’s Certificate), if any, of the definition of “Mortgage File”,
as applicable, are in its possession, (ii) the foregoing documents delivered or caused to be delivered by the Mortgage Loan Sellers
have been reviewed by the Custodian and appear regular on their face and appear to be executed and to relate to such Mortgage Loan, and
(iii) based on such examination and only as to the foregoing documents, the information set forth in the Mortgage Loan Schedule with
respect to the items specified in clauses (e), (f) and (h) in the definition of “Mortgage Loan Schedule”
is correct. With respect to each Mortgage Loan listed on the Custodial Exception Report, the Custodian shall specifically identify such
Mortgage Loan together with the nature of such exception (in the form reasonably acceptable to the Custodian and the related Mortgage
Loan Seller and separating items required to be in the Mortgage File but never delivered from items which were delivered by the related
Mortgage Loan Seller but are out for filing or recording and have not been returned by the filing office or the recorder’s office).

(c)              
The Custodian shall review the Mortgage Loan documents received subsequent to the Closing Date; and, on or about the first anniversary
of the Closing Date, the Custodian shall, in the form attached as Exhibit Q, certify in writing to each of the Depositor,
the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Directing Certificateholder and the applicable
Mortgage Loan Seller (as to each Mortgage Loan listed on the Mortgage Loan Schedule (other than any related Mortgage Loan as to which
a Liquidation Event has occurred) or any related Mortgage Loan specifically identified in any exception report annexed to such writing)
that, (i) subject to the final proviso of the definition of “Mortgage File” herein and Section 2.01 hereof,
all documents specified in clauses (i) through (v), (viii), (ix), (xi), (xii) and (xiii),
if any, of the definition of “Mortgage File”, as applicable, are in its possession, (ii) the foregoing documents delivered
or caused to be delivered by the Mortgage Loan Sellers have been reviewed by the Custodian and appear regular on their face and appear
to be executed and relate to such Mortgage Loan and (iii) based on such examination and only as to the foregoing documents, the information
set forth in the Mortgage Loan Schedule with respect to the items specified in clauses (e), (f) and (h) in the
definition of “Mortgage Loan Schedule” is correct.

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(d)              
Notwithstanding anything contained in this Section 2.02 and Section 2.03(b) to the contrary, in the
case of a Material Defect in any of the documents specified in clauses (ii) through (v), (vii), (viii)
and (ix) in the definition of “Mortgage File”, which Material Defect results solely from a delay in the return
of the related documents from the applicable filing or recording office and gives rise to a repurchase or substitution obligation on
the part of the related Mortgage Loan Seller with respect to the subject Mortgage Loan pursuant to the related Mortgage Loan Purchase
Agreement, the Directing Certificateholder, in its sole judgment, may (other than with respect to any Excluded Loan and, with respect
to any other Mortgage Loan, only prior to the occurrence and continuance of a Control Termination Event), and the Special Servicer may,
in accordance with the Servicing Standard, after the occurrence and during the continuance of a Control Termination Event, permit the
related Mortgage Loan Seller in lieu of repurchasing or substituting for the related Mortgage Loan, to deposit with the Master Servicer
an amount, to be held in trust in a segregated Eligible Account (which may be a sub-account of the Collection Account), equal to
25% of the Stated Principal Balance of the related Mortgage Loan (in the alternative, the related Mortgage Loan Seller may deliver to
the Master Servicer a letter of credit in such amount, with a copy to the Custodian). Such funds or letter of credit, as applicable,
shall be held by the Master Servicer (i) until the date on which the Custodian determines and notifies the Master Servicer that
such Material Defect has been cured or the related Mortgage Loan is no longer part of the Trust Fund, at which time the Master Servicer
shall return such funds (or letter of credit) to the related Mortgage Loan Seller, or (ii) until same are applied to the Purchase
Price (or the Substitution Shortfall Amount, if applicable) as set forth below in this Section 2.02(d) in the event of
a repurchase or substitution by the related Mortgage Loan Seller. Notwithstanding the two immediately preceding sentences, if the Master
Servicer or the Special Servicer certifies to the Trustee, the Certificate Administrator and the Custodian that it has determined in
the exercise of its reasonable judgment that the document with respect to which such Material Defect exists is required in connection
with an imminent enforcement of the mortgagee’s rights or remedies under the related Mortgage Loan, defending any claim asserted
by any Mortgagor or third party with respect to the related Mortgage Loan, establishing the validity or priority of any lien on collateral
securing the related Mortgage Loan or for any immediate significant servicing obligation, the related Mortgage Loan Seller shall be required
to repurchase or substitute for the related Mortgage Loan in accordance with, and to the extent required by, the terms and conditions
of Section 2.03(b) and Section 6 of the related Mortgage Loan Purchase Agreement; provided, however,
that such Mortgage Loan Seller shall not be required to repurchase the Mortgage Loan for a period of ninety (90) days after receipt of
a notice to repurchase (together with any applicable extension period) if it is attempting to recover the document from the applicable
filing or recording office and provides an officer’s certificate setting forth what actions such Mortgage Loan Seller is pursuing
in connection with such recovery. In the event of a repurchase or substitution, upon the date of such repurchase or substitution, and
in the event that the related Mortgage Loan Seller has delivered a letter of credit to the Master Servicer in accordance with this Section 2.02(d),
the Master Servicer shall, to the extent necessary, draw on the letter of credit and deposit the proceeds of such draw, into the Collection
Account to be applied to the Purchase Price (or the Substitution Shortfall Amount, if applicable, in which event, the amount of such
funds or proceeds that exceed the Substitution Shortfall Amount shall be returned to the related Mortgage Loan Seller) in accordance
with Section 2.03(b). All such funds deposited in the Collection Account shall be invested in Permitted Investments, at
the direction and for the benefit of the related Mortgage Loan Seller. Such funds shall be treated as an “outside reserve fund”
under the REMIC Provisions, which,

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together with any reimbursement from the Lower-Tier
REMIC, is beneficially owned by the related Mortgage Loan Seller for federal income tax purposes, which Mortgage Loan Seller shall remain
liable for any taxes payable on income or gain with respect thereto.

(e)              
It is herein acknowledged that neither the Trustee nor any Custodian is under any duty or obligation (i) to determine whether
any of the documents specified in clauses (vi), (vii) and (xii) through (xviii) of the definition of
“Mortgage File” exist or are required to be delivered by the Depositor, the Mortgage Loan Sellers or any other Person (unless
identified on the Mortgage Loan Checklist) or (ii) to inspect, review or examine any of the documents, instruments, certificates
or other papers relating to the Mortgage Loans delivered to it to determine that the same are genuine, enforceable, duly authorized, sufficient
to perfect and maintain the perfection of a security interest or appropriate for the represented purpose or that they are other than what
they purport to be on their face and, with respect to the documents specified in clause (viii) of the definition of the “Mortgage
File”, whether the insurance is effective as of the date of the recordation, whether all endorsements or riders issued are included
in the file or if the policy has not been issued whether any acceptable replacement document has been dated the date of the related Mortgage
Loan funding. Further, with respect to the UCC Financing Statements referenced in the Mortgage File, absent actual knowledge to the contrary
or copies of UCC Financing Statements delivered to the Custodian as part of the Mortgage File indicating otherwise, the Custodian may
assume, for the purposes of the filings and the certification to be delivered in accordance with this Section 2.02 that the
related Mortgage File should include one state level UCC Financing Statement filing for each Mortgaged Property (or with respect to any
Mortgage Loan that has two or more Mortgagors, for each Mortgagor, except to the extent multiple Mortgagors are named as debtors in the
same UCC Financing Statement filing), or if the Custodian has received notice that a particular UCC Financing Statement was filed as a
fixture filing, that the related Mortgage File should include only a local UCC Financing Statement filing for each Mortgaged Property
(or with respect to any Mortgage Loan that has two or more Mortgagors, for each Mortgagor, except to the extent multiple Mortgagors are
named as debtors in the same UCC Financing Statement filing). The assignments of the UCC Financing Statements to be assigned to the Trust
will be delivered on the new national forms (or on such other form as may be acceptable for filing or recording in the applicable jurisdiction)
and in a format suitable for filing or recording, as applicable, and will be filed or recorded in the jurisdiction(s) where such UCC Financing
Statements were originally filed or recorded, as indicated in the documents provided, and in accordance with then-current laws.

(f)               
If, in the process of reviewing the Mortgage Files or at any time thereafter, the Custodian finds any document or documents constituting
a part of a Mortgage File that is required to be delivered by the applicable Mortgage Loan Seller (1) not to have been properly executed,
(2) subject to the timing requirements of Sections 2.01(b) and 2.01(c), not to have been delivered, (3) to
contain information that does not conform in any material respect with the corresponding information set forth in the Mortgage Loan Schedule
or (4) to be defective on its face (each, a “Defect” in the related Mortgage File), the Custodian shall promptly
so notify the Depositor, the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Directing Certificateholder,
the applicable Mortgage Loan Seller (and in no event later than ninety (90) days after the Closing Date and every calendar quarter thereafter
until all Defects are corrected) by providing a Custodial Exception Report setting forth for each affected Mortgage Loan, with particularity,
the nature of such Defect (in a form reasonably acceptable to the

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Custodian and such Mortgage Loan Seller and
separating items required to be in the Mortgage File but never delivered from items which were delivered by such Mortgage Loan Seller
but are out for recording or filing and have not been returned by the recorder’s office or filing office).

Pursuant to the related Mortgage
Loan Purchase Agreement, each of the Mortgage Loan Sellers will be required to effect (at the expense of the applicable Mortgage Loan
Seller) the assignment and recordation of its respective Mortgage Loan documents until the assignment and recordation of all such Mortgage
Loan documents has been completed.

(g)              
If the Master Servicer or the Special Servicer (i) receives a Repurchase Request or any other request from any Person for
a Mortgage Loan Seller to repurchase a Mortgage Loan because of an alleged Defect or Breach (together with a Repurchase Request, a “15Ga-1
Repurchase Request”) (the Master Servicer or the Special Servicer, as applicable, to the extent it receives such 15Ga-1 Repurchase
Request, the “Repurchase Request Recipient” with respect to such 15Ga-1 Repurchase Request); or (ii) receives
any withdrawal of a 15Ga-1 Repurchase Request by the Person making such 15Ga-1 Repurchase Request or any rejection of a 15Ga-1 Repurchase
Request (or such 15Ga-1 Repurchase Request is forwarded to the Master Servicer or Special Servicer by another party hereto), then the
Repurchase Request Recipient shall deliver notice (which may be by electronic format so long as a “backup” hard copy of such
notice is also delivered on or prior to the next Business Day) of such 15Ga-1 Repurchase Request or withdrawal or rejection of a 15Ga-1
Repurchase Request (each, a “15Ga-1 Notice”) to the applicable Mortgage Loan Seller (other than in the case of
a rejection by such Mortgage Loan Seller) and the Depositor, in each case within ten (10) Business Days from such Repurchase Request Recipient’s
receipt thereof.

Each 15Ga-1 Notice shall
include (i) the identity of the related Mortgage Loan, (ii) the date the Repurchase Request is received by the Repurchase Request
Recipient or the date any withdrawal of the Repurchase Request is received by the Repurchase Request Recipient, as applicable, (iii) if
known, the basis for the Repurchase Request (as asserted in the Repurchase Request) and (iv) a statement from the Repurchase Request
Recipient as to whether it currently plans to pursue such Repurchase Request.

A Repurchase Request Recipient
shall not be required to provide any information in a 15Ga-1 Notice protected by the attorney-client privilege or attorney work
product doctrines. The Mortgage Loan Purchase Agreements will provide that (i) any 15Ga-1 Notice provided pursuant to this Section 2.02(g)
is so provided only to assist the Mortgage Loan Sellers and Depositor or their respective Affiliates to comply with Rule 15Ga-1
under the Exchange Act, Items 1104 and 1121 of Regulation AB and any other requirement of law or regulation and (ii) (A) no
action taken by, or inaction of, a Repurchase Request Recipient and (B) no information provided pursuant to this Section 2.02(g)
by a Repurchase Request Recipient, shall be deemed to constitute a waiver or defense to the exercise of any legal right the Repurchase
Request Recipient may have with respect to the related Mortgage Loan Purchase Agreement, including with respect to any Repurchase Request
that is the subject of a 15Ga-1 Notice.

In the event that the Depositor,
the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer or the Custodian receives a Repurchase
Request, such party shall promptly forward or otherwise provide written notice of such Repurchase

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Request to the Master Servicer, if relating
to a Non-Specially Serviced Loan, or to the Special Servicer, if relating to a Specially Serviced Loan or REO Property, and include
the following statement in the related correspondence: “This is a ‘Repurchase Request’ under Section 2.02
of the Pooling and Servicing Agreement relating to the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 requiring action by you as the ‘Repurchase Request Recipient’ thereunder.” Upon receipt of such Repurchase
Request by the Master Servicer or the Special Servicer, as applicable, such party shall be deemed to be the Repurchase Request Recipient
in respect of such Repurchase Request, and such party shall comply with the procedures set forth in this Section 2.02(g) with
respect to such Repurchase Request. In no event shall the Custodian, by virtue of this provision, be required to provide any notice other
than as set forth in Section 2.02 of this Agreement in connection with its review of the Mortgage File.

If the Depositor, the Trustee,
the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer or the Custodian receives notice or has knowledge
of a withdrawal or a rejection of a Repurchase Request of which notice has been previously received or given, and such notice was not
received from or copied to the Master Servicer or the Special Servicer, then such party shall give notice of such withdrawal or rejection
to the Master Servicer or the Special Servicer, as applicable. Any such notice received by the Trustee, the Certificate Administrator,
the Operating Advisor, the Asset Representations Reviewer or the Custodian shall also be provided to the Depositor and, in the case of
a withdrawal notice, to the applicable Mortgage Loan Seller.

In the event that a Mortgage
Loan is repurchased or replaced pursuant to Section 2.03 of this Agreement, the Master Servicer (with respect to Non-Specially
Serviced Loans) or Special Servicer (with respect to Specially Serviced Loans) shall promptly notify the Depositor of such repurchase
or replacement.

Section 2.03       
Representations, Warranties and Covenants of the Depositor; Mortgage Loan Sellers’ Repurchase or Substitution of Mortgage
Loans for Defects in Mortgage Files and Breaches of Representations and Warranties. (a) The Depositor hereby represents and warrants
that:

(i)               
The Depositor is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and
the Depositor has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement by it, and
has the power and authority to execute, deliver and perform this Agreement and all the transactions contemplated hereby, including, but
not limited to, the power and authority to sell, assign and transfer the Mortgage Loans in accordance with this Agreement;

(ii)              
Assuming the due authorization, execution and delivery of this Agreement by each other party hereto, this Agreement and all of
the obligations of the Depositor hereunder are the legal, valid and binding obligations of the Depositor, enforceable against the Depositor
in accordance with the terms of this Agreement, except as such enforcement may be limited by bankruptcy, insolvency, reorganization or
other similar laws affecting the enforcement of creditors’ rights generally, and by general principles of equity

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(regardless of whether such enforceability
is considered in a proceeding in equity or at law);

(iii)               The
execution and delivery of this Agreement and the performance of its obligations hereunder by the Depositor will not conflict with any
provisions of any law or regulations to which the Depositor is subject, or conflict with, result in a breach of or constitute a default
under any of the terms, conditions or provisions of the certificate of incorporation or the by-laws of the Depositor or any indenture,
agreement or instrument to which the Depositor is a party or by which it is bound, or any order or decree applicable to the Depositor,
or result in the creation or imposition of any lien on any of the Depositor’s assets or property, which would materially and adversely
affect the ability of the Depositor to carry out the transactions contemplated by this Agreement; the Depositor has obtained any consent,
approval, authorization or order of any court or governmental agency or body required for the execution, delivery and performance by
the Depositor of this Agreement;

(iv)               There
is no action, suit or proceeding pending or, to the Depositor’s knowledge, threatened against the Depositor in any court or by
or before any other governmental agency or instrumentality which would materially and adversely affect the validity of the Mortgage Loans
or the ability of the Depositor to carry out the transactions contemplated by this Agreement; and

(v)                
The Depositor is the lawful owner of the Mortgage Loans with the full right to transfer the Mortgage Loans to the Trust, and the
Mortgage Loans have been validly transferred to the Trust.

(b)              
After its receipt of a Repurchase Request, the Master Servicer (if the related Mortgage Loan is a Non-Specially Serviced Loan)
or the Special Servicer (if the related Mortgage Loan is a Specially Serviced Loan), as applicable, shall request in writing that the
applicable Mortgage Loan Seller, not later than ninety (90) days following the earlier of (i) such Mortgage Loan Seller’s discovery
of any Material Defect, (ii) such Mortgage Loan
Seller’s receipt of notice of any Material Defect from any party to this Agreement or (iii) in the case of a Material Defect
relating to a Mortgage Loan not being a Qualified Mortgage, the earlier of (x) the discovery of any Material Defect by any party
to this Agreement or (y) receipt of a notice of any Material Defect by the applicable Mortgage Loan Seller (such 90-day period, the
“Initial Cure Period”), (A) cure such Material Defect in all material respects, at such Mortgage Loan Seller’s
own expense, including reimbursement of any related reasonable additional expenses of the Trust reasonably incurred by any party to this
Agreement, (B) repurchase the affected Mortgage Loan or REO Loan (or, in the case of a Joint Mortgage Loan, the applicable Mortgage
Loan Seller Percentage Interest thereof) (excluding any related Serviced Companion Loan, if applicable), at the applicable Purchase Price
and in conformity with the applicable Mortgage Loan Purchase Agreement and this Agreement or (C) substitute a Qualified Substitute
Mortgage Loan (other than with respect to the Whole Loans, for which no substitution will be permitted) for such affected Mortgage Loan
or REO Loan (or, in the case of a Joint Mortgage Loan, the applicable Mortgage Loan Seller Percentage Interest thereof) (excluding any
related Serviced Companion Loan, if applicable) (provided that in no event shall any such substitution occur on or after the second
anniversary of the Closing Date) and pay the Master Servicer for deposit into the Collection Account, any Substitution Shortfall Amount
in connection therewith and in conformity with the applicable

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Mortgage Loan Purchase Agreement and this Agreement;
provided, however, that except with respect to a Material Defect resulting solely from the failure by the Mortgage Loan
Seller to deliver to the Trustee or Custodian the actual policy of lender’s title insurance required pursuant to clause (viii)
of the definition of “Mortgage File” by a date not later than eighteen (18) months following the Closing Date, if such Material
Defect is capable of being cured but is not cured within the Initial Cure Period, and the applicable Mortgage Loan Seller has commenced
and is diligently proceeding with the cure of such Material Defect within the Initial Cure Period, the applicable Mortgage Loan Seller
shall have an additional ninety (90) days commencing immediately upon the expiration of the Initial Cure Period (such additional ninety
(90) day period, the “Extended Cure Period”) to complete such cure (or, failing such cure, to repurchase the related
Mortgage Loan or REO Loan (or, in the case of a Joint Mortgage Loan, the applicable Mortgage Loan Seller Percentage Interest thereof)
(excluding any related Serviced Companion Loan, if applicable) or substitute a Qualified Substitute Mortgage Loan (other than with respect
to the Whole Loans, for which no substitution will be permitted)) and provided, further, that with respect to such Extended
Cure Period the applicable Mortgage Loan Seller shall have delivered an officer’s certificate to the Trustee, the Certificate Administrator
(who shall promptly deliver a copy of such officer’s certificate to the 17g-5 Information Provider), the Master Servicer, the Special
Servicer, the Operating Advisor, the Asset Representations Reviewer and (with respect to any Mortgage Loan other than an Excluded Loan,
prior to the occurrence of a Consultation Termination Event) the Directing Certificateholder, setting forth the reason such Material Defect
is not capable of being cured within the Initial Cure Period and what actions the applicable Mortgage Loan Seller is pursuing in connection
with the cure thereof and stating that the applicable Mortgage Loan Seller anticipates that such Material Defect will be cured within
the Extended Cure Period. Notwithstanding the foregoing, any Defect or Breach which causes any Mortgage Loan not to be a Qualified Mortgage
shall be deemed to materially and adversely affect the interests of Certificateholders therein, and (subject to the applicable Mortgage
Loan Seller’s right to cure such Defect or Breach during the Initial Cure Period) such Mortgage Loan shall be repurchased or substituted
for without regard to the Extended Cure Period described in the preceding sentence. If the affected Mortgage Loan is to be repurchased,
the funds in the amount of the Purchase Price remitted by the applicable Mortgage Loan Seller (or, in the case of a Joint Mortgage Loan,
the applicable Mortgage Loan Seller Percentage Interest thereof) are to be remitted by wire transfer to the Master Servicer for deposit
into the Collection Account.

If a Mortgage Loan Seller,
in connection with a Material Defect (or an allegation of a Material Defect) pertaining to a Mortgage Loan, makes a cash payment pursuant
to an agreement or a settlement between the applicable Mortgage Loan Seller and the Master Servicer (in the case of Non-Specially Serviced
Loans) or the Special Servicer (in the case of Specially Serviced Loans) on behalf of the Trust (and, with respect to any Mortgage Loan
other than an Excluded Loan or a Servicing Shift Mortgage Loan, with the consent of the Directing Certificateholder if no Control Termination
Event has occurred and is continuing) (each such payment, a “Loss of Value Payment”) with respect to such Mortgage
Loan, the amount of such Loss of Value Payment shall be deposited into the Loss of Value Reserve Fund to be applied in accordance with
Section 3.05(g) of this Agreement. The Special Servicer shall determine the amount of any applicable Loss of Value Payment
(with the consent of the Directing Certificateholder in respect of any Mortgage Loan that is not an Excluded Loan and for so long as no
Control Termination Event has occurred and is continuing) and, in the case of any PSA Party Repurchase Request with respect to Non-Specially
Serviced Loans prior to the occurrence of a

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Resolution Failure, shall communicate such
amount to the Master Servicer for its enforcement action with the applicable Mortgage Loan Seller. In connection with any such determination
with respect to any Non-Specially Serviced Loan, the Master Servicer shall promptly provide the Special Servicer, but in any event within
the time frame and in the manner provided in Section 3.19, with the Servicing File and all information, documents and records
(including records stored electronically on computer tapes, magnetic discs and the like) relating to such Non-Specially Serviced Loan
and, if applicable, the related Serviced Companion Loan(s), either in the Master Servicer’s possession or otherwise reasonably available
to the Master Servicer, and reasonably requested by the Special Servicer to the extent set forth in Section 3.19 in order
to permit the Special Servicer to calculate the Loss of Value Payment as set forth in this Section 2.03(b). The Loss of Value
Payment shall include the portion of any Liquidation Fees payable to the Special Servicer in respect of such Loss of Value Payment and
the portion of fees and reimbursable expenses of the Asset Representations Reviewer attributable to the Asset Review of such Mortgage
Loan. If such Loss of Value Payment is made, the Loss of Value Payment shall serve as the sole remedy available to the Certificateholders,
the RR Interest Owners and the Trustee on their behalf regarding any such Material Defect in lieu of any obligation of the Mortgage Loan
Seller to otherwise cure such Material Defect or repurchase or substitute for the affected Mortgage Loan based on such Material Defect
under any circumstances. This paragraph is intended to apply only to a mutual agreement or settlement between the applicable Mortgage
Loan Seller and the Master Servicer or the Special Servicer, as applicable, on behalf of the Trust, provided that (i) prior
to any such agreement or settlement, nothing in this paragraph shall preclude the Mortgage Loan Seller or the Master Servicer or the Special
Servicer, as applicable, from exercising any of its rights related to a Material Defect in the manner and timing set forth in the related
Mortgage Loan Purchase Agreement or this Section 2.03 (excluding this paragraph) (including any right to cure, repurchase
or substitute for such Mortgage Loan); (ii) such Loss of Value Payment shall not be greater than the Purchase Price of the affected
Mortgage Loan; and (iii) a Material Defect as a result of a Mortgage Loan not constituting a Qualified Mortgage may not be cured
by a Loss of Value Payment.

With respect to any Non-Serviced
Mortgage Loan, if a “material document defect” under, and as such term or any analogous term is defined in, the related Non-Serviced
PSA exists with respect to the related Non-Serviced Companion Loan, and if the applicable Mortgage Loan Seller (or other responsibly party)
repurchases the Non-Serviced Companion Loan from the related Non-Serviced Trust, then the related Mortgage Loan Seller shall promptly
repurchase such Non-Serviced Mortgage Loan at the applicable Purchase Price; provided, however, that the foregoing shall
not apply to any “material document defect” related to the promissory note for the related Non-Serviced Companion Loan.

If any Breach pertains to
a representation or warranty that the related Mortgage Loan documents or any particular Mortgage Loan document requires the related Mortgagor
to bear the costs and expenses associated with any particular action or matter under such Mortgage Loan document(s), then the related
Mortgage Loan Seller may cure such Breach within the applicable cure period (as the same may be extended) by reimbursing the Trust (by
wire transfer of immediately available funds) for (i) the reasonable amount of any such costs and expenses incurred by the Master
Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Trust that are incurred as a result of such Breach and
have not been reimbursed by the related Mortgagor and (ii) the amount of any fees and reimbursable expenses of the Asset Representations
Reviewer

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attributable to the Asset Review of such Mortgage
Loan; provided, however, that if the Breach relates to a Joint Mortgage Loan, each applicable Mortgage Loan Seller shall
be responsible for its Mortgage Loan Seller Percentage Interest of all such costs and expenses unless such Breach relates solely to the
Mortgage Note contributed by such Mortgage Loan Seller; provided, further, however, in the event any such costs and
expenses exceed $10,000, the related Mortgage Loan Seller shall have the option to either repurchase or substitute for the related Mortgage
Loan as provided above or pay such costs and expenses. Except as provided in the proviso to the immediately preceding sentence, the related
Mortgage Loan Seller shall remit the amount of such costs and expenses and upon its making such remittance, the related Mortgage Loan
Seller shall be deemed to have cured such Breach in all respects. To the extent any fees or expenses that are the subject of a cure by
the related Mortgage Loan Seller are subsequently obtained from the related Mortgagor, the portion of the cure payment made by the related
Mortgage Loan Seller equal to such fees or expenses obtained from the related Mortgagor shall promptly be returned to the related Mortgage
Loan Seller. Periodic Payments due with respect to each Qualified Substitute Mortgage Loan (if any) after the related Due Date in the
month of substitution, and Periodic Payments due with respect to each Mortgage Loan being repurchased or replaced after the related Cut-off
Date and received by the Master Servicer or the Special Servicer on behalf of the Trust on or prior to the related date of repurchase
or substitution, shall be part of the Trust Fund. Periodic Payments due with respect to each Qualified Substitute Mortgage Loan (if any)
on or prior to the related Due Date in the month of substitution, and Periodic Payments due with respect to each Mortgage Loan being repurchased
or replaced and received by the Master Servicer or the Special Servicer on behalf of the Trust after the related date of repurchase or
substitution, shall not be part of the Trust Fund and are to be remitted by the Master Servicer (or by the Special Servicer to the Master
Servicer who shall then remit such funds) to the applicable Mortgage Loan Seller effecting the related repurchase or substitution promptly
following receipt. Notwithstanding anything contained in this Agreement or the related Mortgage Loan Purchase Agreement, no delay in the
discovery of a Material Defect shall relieve the applicable Mortgage Loan Seller of its obligation to repurchase if it is otherwise required
to do so under the related Mortgage Loan Purchase Agreement and/or this Article II unless (i) the related Mortgage Loan
Seller did not otherwise discover or have knowledge of such Material Defect, (ii) such delay is a result of the failure by a party
to the applicable Mortgage Loan Purchase Agreement, or this Agreement, to provide prompt notice as required by the terms of the applicable
Mortgage Loan Purchase Agreement, or this Agreement, after such party has actual knowledge of such Material Defect (knowledge shall not
be deemed to exist by reason of the Custodial Exception Report), (iii) such Material Defect does not relate to the applicable Mortgage
Loan not being a Qualified Mortgage, and (iv) such delay or failure to provide notice precludes such Mortgage Loan Seller from curing
such Material Defect. Notwithstanding the foregoing, if a Mortgage Loan is not secured by a Mortgaged Property that is, in whole or in
part, a hotel, restaurant (operated by a Mortgagor), healthcare facility, nursing home, assisted living facility, self-storage facility,
theater or fitness center (operated by a borrower), then the failure to deliver copies of the UCC Financing Statements with respect to
such Mortgage Loan shall not be a Material Defect.

Pursuant to each Mortgage
Loan Purchase Agreement, if there is a Material Defect with respect to one or more Mortgaged Properties with respect to a Mortgage Loan,
the related Mortgage Loan Seller shall not be obligated to repurchase the Mortgage Loan (or, in the case of a Joint Mortgage Loan, the
applicable Mortgage Loan Seller Percentage Interest thereof) if (i) the affected Mortgaged Property may be released pursuant to the terms
of any partial release

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provisions in the related Mortgage Loan documents
(and such Mortgaged Property is, in fact, released), (ii) the remaining Mortgaged Property(ies) satisfy the requirements, if any, set
forth in the Mortgage Loan documents and the related Mortgage Loan Seller provides an Opinion of Counsel to the effect that such release
in lieu of repurchase would not cause an Adverse REMIC Event and (iii) each applicable Rating Agency has provided a Rating Agency Confirmation.

(c)              
Subject to the applicable Mortgage Loan Seller’s right to cure as contemplated above in this Section 2.03, and
further subject to Section 2.01(b) and Section 2.01(c), any of the following shall cause a document in the Mortgage
File to be deemed to have a “Defect” that constitutes a Material Defect: (a) the absence from the Mortgage File of the
original signed Mortgage Note, unless the Mortgage File contains a signed lost note affidavit and indemnity with a copy of the Mortgage
Note that appears to be regular on its face; (b) the absence from the Mortgage File of the original signed Mortgage that appears
to be regular on its face, unless there is included in the Mortgage File either a copy of the Mortgage with evidence of recording thereon
or a copy of the Mortgage and a certificate from the related Mortgage Loan Seller stating that the original signed Mortgage was sent for
recordation; (c) the absence from the Mortgage File of the item called for by clause (viii) of the definition of “Mortgage
File”; (d) the absence from the Mortgage File of any intervening assignments required to create a complete chain of assignments
to the Trustee on behalf of the Trust, unless there is included in the Mortgage File either a copy of the assignment with evidence of
recording thereon or a copy of the intervening assignment and a certificate from the related Mortgage Loan Seller stating that the original
intervening assignments were sent for filing or recordation, as applicable; (e) the absence from the Mortgage File of any required
letter of credit (except as permitted under Section 2.01(b)); or (f) with respect to any related leasehold Mortgage Loan,
the absence from the related Mortgage File of a copy (or an original, if available) of the related Ground Lease; provided, however,
that no Defect (except the Defects previously described in subclauses (a) through (f) of this Section 2.03(c))
shall be considered to materially and adversely affect the value of the related Mortgage Loan, the value of the related Mortgaged Property
or the interests of the Trustee or Certificateholders unless the document with respect to which the Defect exists is required in connection
with an imminent enforcement of the mortgagee’s rights or remedies under the related Mortgage Loan, defending any claim asserted
by any Mortgagor or third party with respect to the related Mortgage Loan, establishing the validity or priority of any lien on any collateral
securing the related Mortgage Loan or for any immediate significant servicing obligation; provided, further, that no Defect
relating to any Non-Serviced Mortgage Loan previously described in subclauses (b) through (f) of this Section 2.03(c)
shall be considered to materially and adversely affect the value of such Mortgage Loan, the value of the related Mortgaged Property or
the interests of the Trustee or Certificateholders unless the related Mortgage Loan Seller, after receipt of notice of such Defect, fails
to produce a copy of the document with respect to which the Defect exists within a reasonable period after receiving such notice or otherwise
establish that the original or copy, as applicable, of such document has been delivered, in compliance with the terms of the related Non-Serviced
PSA, to the custodian under the related Non-Serviced PSA. Notwithstanding the foregoing, the delivery of executed escrow instructions
or a binding commitment to issue a lender’s title insurance policy, as provided in clause (viii) of the definition of
“Mortgage File” herein, in lieu of the delivery of the actual policy of lender’s title insurance, shall not be considered
a Material Defect with respect to any Mortgage File if such actual policy is delivered to the Custodian not later than eighteen (18) months
following the Closing Date. Notwithstanding the foregoing, to the extent a Mortgage Loan Seller has otherwise complied with its document
delivery requirements under this Agreement and

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the related Mortgage Loan Purchase Agreement,
in the event that the Custodian has acknowledged receipt pursuant to Section 2.02 above of a document that is part of the
Mortgage File or a Mortgage Loan Seller can otherwise prove delivery of the document, and the Custodian subsequently loses a document,
the fact that such document is lost may not be utilized as the basis for a claim of a Material Defect against a Mortgage Loan Seller pursuant
to Section 6(e) of the related Mortgage Loan Purchase Agreement and/or this Section 2.03 and the Custodian shall be liable
for any such loss to the extent provided for in Section 8.01 hereof.

(d)              
In connection with any repurchase of, or substitution of a Qualified Substitute Mortgage Loan for a Mortgage Loan contemplated
by this Section 2.03, the Trustee, the Certificate Administrator, the Custodian, the Master Servicer and the Special Servicer
shall each tender to the applicable Mortgage Loan Seller, upon delivery to each of the Trustee, the Certificate Administrator, the Custodian,
the Master Servicer and the Special Servicer of a trust receipt executed by the applicable Mortgage Loan Seller evidencing such repurchase
or substitution, all portions of the Mortgage File and other documents pertaining to such Mortgage Loan possessed by each of the Trustee,
the Certificate Administrator, the Custodian, the Master Servicer and the Special Servicer (other than attorney-client communications
that are privileged communications), and each document that constitutes a part of the Mortgage File that was endorsed or assigned to the
Trustee shall be endorsed or assigned, as the case may be, to the applicable Mortgage Loan Seller in the same manner as provided in Section 6
of the related Mortgage Loan Purchase Agreement and, if applicable, the definition of “Mortgage File” herein, so as to vest
in such Mortgage Loan Seller the legal and beneficial ownership of such repurchased or substituted Mortgage Loan (including property acquired
in respect thereof and proceeds of any insurance policy with respect thereto) and the related Mortgage Loan documents.

(e)              
Section 6(e) of each of the Mortgage Loan Purchase Agreements provides the sole remedy available to the Certificateholders
and the RR Interest Owners (subject to the limitations on the rights of the Certificateholders under this Agreement), or the Trustee on
behalf of the Certificateholders, the Master Servicer or the Special Servicer with respect to any Material Defect.

(f)               
The Enforcing Servicer shall, for the benefit of the Certificateholders, the RR Interest Owners and the Trustee (as holder of the
Lower-Tier Regular Interests), enforce the obligations of the applicable Mortgage Loan Seller under the applicable Mortgage Loan Purchase
Agreement. Such enforcement, including, without limitation, the legal prosecution of claims, if any, shall be carried out in accordance
with the Servicing Standard. Any costs incurred by the Enforcing Servicer with respect to the enforcement of the obligations of the applicable
Mortgage Loan Seller under the applicable Mortgage Loan Purchase Agreement shall, to the extent not recovered from the applicable Mortgage
Loan Seller, be deemed to be Servicing Advances to the extent not otherwise provided for herein. The Enforcing Servicer shall be reimbursed
for the reasonable costs of such enforcement: first, from a specific recovery, if any, of costs, expenses or attorneys’ fees
against the applicable Mortgage Loan Seller; second, pursuant to Section 3.05(a)(vii) herein out of the related Purchase
Price, to the extent that such expenses are a specific component thereof; and third, if at the conclusion of such enforcement action
it is determined that the amounts described in clauses first and second are insufficient, then pursuant to Section 3.05(a)(viii)
herein out of general collections on the Mortgage Loans on deposit in the Collection Account. Any costs, expenses or attorneys’
fees related to a repurchase of a Companion

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Loan shall be paid pursuant to the related
Intercreditor Agreement or pursuant to the documents related to an Other Securitization, if applicable.

(g)              
If a Mortgage Loan Seller incurs any expense in connection with the curing of a Breach that constitutes a Material Defect, which
also constitutes a default under the related Mortgage Loan and is reimbursable thereunder, such Mortgage Loan Seller shall have a right,
and shall be subrogated to the rights of the Trustee and the Trust under the Mortgage Loan to recover the amount of such expenses from
the related Mortgagor; provided, however, that such Mortgage Loan Seller’s rights pursuant to this Section 2.03(g)
shall be junior, subject and subordinate to the rights of the Trustee, the Certificate Administrator, the Trust, the Master Servicer and
the Special Servicer to recover amounts owed by the related Mortgagor under the terms of such Mortgage Loan including, without limitation,
the rights to recover unreimbursed Advances, accrued and unpaid interest on Advances at the Reimbursement Rate, fees owed to the Special
Servicer, and unpaid or unreimbursed expenses of the Trustee, the Certificate Administrator, the Trust, the Master Servicer or the Special
Servicer allocable to such Mortgage Loan. The Master Servicer or, with respect to a Specially Serviced Loan, the Special Servicer, shall
use reasonable efforts to recover such expenses for such Mortgage Loan Seller to the extent consistent with the Servicing Standard, but
taking into account the subordinate nature of the reimbursement to the related Mortgage Loan Seller; provided, however,
that the Master Servicer or, with respect to a Specially Serviced Loan, the Special Servicer, determines in the exercise of its sole discretion
consistent with the Servicing Standard that such actions by it will not impair the Master Servicer’s and/or the Special Servicer’s
collection or recovery of principal, interest and other sums due with respect to the related Mortgage Loan that would otherwise be payable
to the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the Certificateholders pursuant to the terms
of this Agreement; provided, further, that the Master Servicer or, with respect to a Specially Serviced Loan, the Special
Servicer, may waive the collection of amounts due on behalf of such Mortgage Loan Seller in its sole discretion in accordance with the
Servicing Standard.

(h)              
If (i) any Crossed Underlying Loan is required to be repurchased or substituted for in the manner described in this Section 2.03
and (ii) the applicable Material Defect does not constitute a Material Defect as to any other Crossed Underlying Loan in the related
Crossed Mortgage Loan Group (without regard to this paragraph), then the applicable Material Defect shall be deemed to constitute a Material
Defect as to any other Crossed Underlying Loan in the related Crossed Mortgage Loan Group for purposes of this paragraph, and the related
Mortgage Loan Seller will be required to repurchase or substitute for such other Crossed Underlying Loan(s) in the related Crossed Mortgage
Loan Group as provided in Section 2.03(b) unless such other Crossed Underlying Loans satisfy the Crossed Underlying Loan Repurchase
Criteria. In the event that the remaining Crossed Underlying Loans in such Crossed Mortgage Loan Group satisfy the aforementioned criteria,
the applicable Mortgage Loan Seller may elect either to repurchase or substitute for only the affected Crossed Underlying Loan(s) as to
which the related Material Defect exists or to repurchase or substitute for all of the Crossed Underlying Loans in the related Crossed
Mortgage Loan Group. Any reserve or other cash collateral or letters of credit securing the Crossed Underlying Loans shall be allocated
among the related Crossed Underlying Loans in accordance with the related Mortgage Loan documents or otherwise on a pro rata basis
based upon their outstanding Stated Principal Balances. Except as provided in this Section 2.03(h) and Section 2.03(i),
all other terms of the related Mortgage Loans shall remain in full force and effect without any modification thereof.

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(i)                
 Notwithstanding the foregoing, if the related Mortgage provides for the partial release of one or more of the Crossed Underlying
Loans, the Depositor may cause the related Mortgage Loan Seller to repurchase only that Crossed Underlying Loan required to be repurchased
pursuant to this Section 2.03, pursuant to the partial release provisions of the related Mortgage; provided, however,
that (i) the remaining related Crossed Underlying Loan(s) fully comply with the terms and conditions of the related Mortgage, this
Agreement and the related Mortgage Loan Purchase Agreement, including the Crossed Underlying Loan Repurchase Criteria, (ii) in connection
with such partial release, the related Mortgage Loan Seller obtains an Opinion of Counsel (at such Mortgage Loan Seller’s expense)
to the effect that the contemplated action will not cause an Adverse REMIC Event and (iii) in connection with such partial release,
the related Mortgage Loan Seller delivers or causes to be delivered to the Custodian original modifications to the Mortgage prepared and
executed in connection with such partial release.

(j)                
With respect to any Crossed Underlying Loan, to the extent that the applicable Mortgage Loan Seller is required to repurchase or
substitute for such Crossed Underlying Loan in the manner prescribed in Section 2.03(h) or Section 2.03(i) while
the Trustee continues to hold any other Crossed Underlying Loans in the related Crossed Mortgage Loan Group, the applicable Mortgage Loan
Seller and the Master Servicer or, with respect to a Specially Serviced Loan, the Special Servicer, on behalf of the Trustee, as assignee
of the Depositor, will, as set forth in the related Mortgage Loan Purchase Agreement, forbear from enforcing any remedies against the
other’s Primary Collateral but each will be permitted to exercise remedies against the Primary Collateral securing its respective
related Mortgage Loans, including with respect to the Trustee, the Primary Collateral securing the Mortgage Loans still held by the Trustee,
so long as such exercise does not materially impair the ability of the other party to exercise its remedies against its Primary Collateral.
If the exercise of the remedies by one party would materially impair the ability of the other party to exercise its remedies with respect
to the Primary Collateral securing the Crossed Underlying Loans held by such party, then both parties have agreed in the related Mortgage
Loan Purchase Agreement to forbear from exercising such remedies until the Mortgage Loan documents evidencing and securing the relevant
Mortgage Loan can be modified in a manner that complies with the related Mortgage Loan Purchase Agreement to remove the threat of material
impairment as a result of the exercise of remedies.

(k)              
(i) In the event an Initial Requesting Certificateholder delivers a written request to the Depositor, the Master Servicer,
the Special Servicer, the Trustee, the Certificate Administrator or the Operating Advisor (solely in its capacity as Operating Advisor)
that a Mortgage Loan be repurchased by the applicable Mortgage Loan Seller alleging the existence of a Material Defect with respect to
such Mortgage Loan and setting forth the basis for such allegation (a “Certificateholder Repurchase Request”), such
party shall promptly forward that Certificateholder Repurchase Request to the Master Servicer and the Special Servicer. The Master Servicer
or the Special Servicer, as applicable, shall then promptly forward it to the related Mortgage Loan Seller and each other party to this
Agreement and take the actions required under Section 2.03(b). Subject to Section 2.03(l), the Enforcing Servicer
shall be the Enforcing Party with respect to a Certificateholder Repurchase Request.

(ii)              
In the event that the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or the Operating
Advisor (solely in its capacity as Operating Advisor) obtains knowledge of a Material Defect with respect to a Mortgage

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Loan, that party shall deliver prompt
written notice of such Material Defect to each other party to this Agreement identifying the applicable Mortgage Loan and setting forth
the basis for such allegation (an “PSA Party Repurchase Request” and, either a Certificateholder Repurchase Request
or a PSA Party Repurchase Request, the “Repurchase Request”) and the Enforcing Servicer will be required to promptly
send the PSA Party Repurchase Request to the related Mortgage Loan Seller. Prior to the occurrence of a Resolution Failure, the Enforcing
Servicer shall act as the Enforcing Party and enforce the rights of the Trust against the related Mortgage Loan Seller with respect to
a PSA Party Repurchase Request. If a Resolution Failure occurs with respect to a PSA Party Repurchase Request, the provisions described
below under Section 2.03(l) shall apply.

(iii)              In
the event the Repurchase Request is not Resolved within 180 days after the applicable Mortgage Loan Seller receives the Repurchase Request
(a “Resolution Failure”), then the provisions described in Section 2.03(l) below shall apply. Receipt
of the Repurchase Request shall be deemed to occur two (2) Business Days after the Repurchase Request is sent to the related Mortgage
Loan Seller.

(l)                   (i) Within two (2) Business Days after a Resolution Failure occurs with respect to a PSA Party Repurchase Request made by
any party other than the Special Servicer or a Certificateholder Repurchase Request made by any Certificateholder other than the Directing
Certificateholder or a Controlling Class Certificateholder, in each case, related to a Non-Specially Serviced Loan, the Master Servicer
shall send a written notice (a “Master Servicer Proposed Course of Action Notice”) to the Special Servicer, indicating
the Master Servicer’s analysis and recommended course of action with respect to such PSA Party Repurchase Request. The Master Servicer
will also be required to deliver to the Special Servicer the Servicing File and all information, documents and records (including records
stored electronically on computer tapes, magnetic discs and the like) relating to such Non-Specially Serviced Loan and, if applicable,
the related Serviced Companion Loan(s), either in the Master Servicer’s possession or otherwise reasonably available to the Master
Servicer, and reasonably requested by the Special Servicer to the extent set forth in Section 3.19. Upon receipt of such Master
Servicer Proposed Course of Action Notice and such Servicing File and other material, the Special Servicer shall become the Enforcing
Servicer with respect to such PSA Party Repurchase Request.

After a Resolution
Failure occurs with respect to a Repurchase Request regarding a Mortgage Loan (whether the Repurchase Request was initiated by an Initial
Requesting Certificateholder or by a party to this Agreement), the Enforcing Servicer shall send a notice (a “Proposed Course
of Action Notice”) to the Initial Requesting Certificateholder, if any, at the address specified in the Initial Requesting Certificateholder’s
Repurchase Request, and to the Certificate Administrator. The Certificate Administrator will be required to make the Proposed Course of
Action Notice available to all other Certificateholders, the RR Interest Owners and Certificate Owners (by posting such notice on the
Certificate Administrator’s Website) indicating the Enforcing Servicer’s intended course of action with respect to the Repurchase
Request (the “Proposed Course of Action”). If the Master Servicer is the Enforcing Servicer, the Master Servicer may
(but shall not be obligated to) consult with the Special Servicer and (for so long as no Consultation

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Termination Event has occurred) the Directing
Certificateholder regarding any Proposed Course of Action.

Such Proposed Course
of Action Notice shall include:

(a)       a
request to Certificateholders to indicate their agreement with or dissent from such Proposed Course of Action, by clearly marking “agree”
or “disagree” to the Proposed Course of Action on such notice within thirty (30) days of the date after such notice and a
disclaimer that responses received after such 30-day period will not be taken into consideration,

(b)       a
statement that in the event any Certificateholder disagrees with the Proposed Course of Action, the Enforcing Servicer shall be compelled
to follow (either as the Enforcing Party or as the Enforcing Servicer in circumstances where a Certificateholder is acting as the Enforcing
Party) the course of action agreed to and/or proposed by the majority of the responding Certificateholders that involves referring the
matter to mediation or arbitration, as the case may be, in accordance with the procedures described below relating to the delivery of
Preliminary Dispute Resolution Election Notices and Final Dispute Resolution Election Notices,

(c)       a
statement that the responding Certificateholders will be required to certify their holdings in connection with such response,

(d)       a
statement that only responses clearly marked “agree” or “disagree” with such Proposed Course of Action will be
taken into consideration and

(e)       instructions
for the responding Certificateholders to send their responses to the applicable Enforcing Servicer and the Certificate Administrator.

Within three (3)
Business Days after the expiration of the 30-day response period, the Certificate Administrator shall tabulate the responses received
from the Certificateholders and share the results with the Enforcing Servicer. The Certificate Administrator shall only count responses
timely received and clearly indicating agreement or dissent with the related Proposed Course of Action and additional verbiage or qualifying
language shall not be taken into consideration for purposes of determining whether the related Certificateholder agrees or disagrees with
the Proposed Course of Action. The Certificate Administrator shall be under no obligation to answer any questions from the Certificateholders
regarding such Proposed Course of Action. For the avoidance of doubt, the Certificate Administrator’s obligations in connection
with this Section 2.03(l) shall be limited solely to tabulating the Certificateholders’ responses of “agree”
or “disagree” to the Proposed Course of Action, and such obligation shall not be construed to impose any enforcement obligation
on the Certificate Administrator. The Enforcing Servicer may conclusively rely (without investigation) on the Certificate Administrator’s
tabulation of the majority of the responding Certificateholders. If (a) the Enforcing Servicer’s intended course of action
with respect to the Repurchase Request does not involve pursuing further action to exercise rights against the applicable Mortgage Loan
Seller with respect to the Repurchase Request and the Initial Requesting Certificateholder, if any, or any other

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Certificateholder or Certificate Owner
wishes to exercise its right to refer the matter to mediation (including nonbinding arbitration) or arbitration, or (b) the Enforcing
Servicer’s intended course of action is to pursue further action to exercise rights against the applicable Mortgage Loan Seller
with respect to the Repurchase Request but the Initial Requesting Certificateholder, if any, or any other Certificateholder or Certificate
Owner does not agree with the dispute resolution method selected by the Enforcing Servicer, then the Initial Requesting Certificateholder,
if any, or such other Certificateholder or Certificate Owner may deliver to the Enforcing Servicer a written notice (a “Preliminary
Dispute Resolution Election Notice”) within thirty (30) days from the date the Proposed Course of Action Notice is posted on
the Certificate Administrator’s Website (the “Dispute Resolution Cut-off Date”) indicating its intent to exercise
its right to refer the matter to either mediation (including nonbinding arbitration) or arbitration. In the event that (a) the Enforcing
Servicer’s initial Proposed Course of Action indicated a recommendation to undertake mediation (including nonbinding arbitration)
or arbitration, (b) any Certificateholder or Certificate Owner delivers a Preliminary Dispute Resolution Election Notice and (c) the Enforcing
Servicer also received responses from other Certificateholders or Certificate Owners supporting the Enforcing Servicer’s initial
Proposed Course of Action, such additional responses from other Certificateholders or Certificate Owners shall also be considered Preliminary
Dispute Resolution Election Notices supporting such Proposed Course of Action for purposes of determining the course of action approved
by the majority of responding Certificateholders.

(ii)              
If neither the Initial Requesting Certificateholder, if any, nor any other Certificateholder or Certificate Owner delivers a Preliminary
Dispute Resolution Election Notice prior to the Dispute Resolution Cut-off Date, no Certificateholder or Certificate Owner shall have
the right to refer the Repurchase Request to mediation or arbitration, and the Enforcing Servicer shall be the sole party entitled to
determine a course of action, including, but not limited to, enforcing the Trust’s rights against the related Mortgage Loan Seller,
subject to any consent or consultation rights of the Directing Certificateholder pursuant to Section 6.08.

For the avoidance
of doubt, no party other than the Enforcing Servicer shall be obligated or entitled to exercise such rights.

(iii)               Promptly and in any event within ten (10) Business Days following receipt of a Preliminary Dispute Resolution Election Notice from
(a) the Initial Requesting Certificateholder, if any, or (b) any other Certificateholder or Certificate Owner (each of clauses
(a) and (b), a “Requesting Certificateholder”; provided that a Holder of the Class RR Certificates
may not be a Requesting Certificateholder), the Enforcing Servicer shall consult with each Requesting Certificateholder regarding such
Requesting Certificateholder’s intention to elect either mediation (including nonbinding arbitration) or arbitration as the dispute
resolution method with respect to the Repurchase Request (the “Dispute Resolution Consultation”) so that such Requesting
Certificateholder may consider the views of the Enforcing Servicer as to the claims underlying the Repurchase Request and possible dispute
resolution methods, such discussions to occur and be completed no later than ten (10) Business Days following the Dispute Resolution Cut-off
Date. The Enforcing Servicer shall be entitled to establish procedures the Enforcing

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Servicer deems in good faith to be in
accordance with the Servicing Standard relating to the timing and extent of such consultations. No later than five (5) Business Days after
completion of the Dispute Resolution Consultation, a Requesting Certificateholder may provide a final notice to the Enforcing Servicer
indicating its decision to exercise its right to refer the matter to either mediation or arbitration (“Final Dispute Resolution
Election Notice”).

(iv)             
If, following the Dispute Resolution Consultation, no Requesting Certificateholder timely delivers a Final Dispute Resolution
Election Notice to the Enforcing Servicer, then the Enforcing Servicer will continue to act as the Enforcing Party and will remain
obligated under this Agreement to determine a course of action, including, but not limited to, enforcing the rights of the Trust
with respect to the Repurchase Request and no Certificateholder, RR Interest Owner or Certificate Owner shall have any further right
to elect to refer the matter to mediation or arbitration.

(v)              
If a Requesting Certificateholder timely delivers a Final Dispute Resolution Election Notice to the Enforcing Servicer, then such
Requesting Certificateholder shall become the Enforcing Party and must promptly submit the matter to mediation (including nonbinding arbitration)
or arbitration. If there are more than one Requesting Certificateholder that timely deliver a Final Dispute Resolution Election Notice,
then such Requesting Certificateholders shall collectively become the Enforcing Party, and the holder or holders of a majority of the
Voting Rights among such Requesting Certificateholders shall be entitled to make all decisions relating to such mediation or arbitration.
If, however, no Requesting Certificateholder commences arbitration or mediation pursuant to the terms of this Agreement within thirty
(30) days after delivery of its Final Dispute Resolution Election Notice to the Enforcing Servicer, then (i) the rights of a Requesting
Certificateholder to act as the Enforcing Party shall terminate and no Certificateholder or Certificate Owner shall have any further right
to elect to refer the matter to mediation or arbitration, (ii) if the Proposed Course of Action Notice indicated that the Enforcing
Servicer shall take no further action with respect to the Repurchase Request, then the related Material Defect shall be deemed waived
for all purposes under this Agreement and the related Mortgage Loan Purchase Agreement; provided, however, that such Material
Defect shall not be deemed waived with respect a Requesting Certificateholder, any other Certificateholder or Certificate Owner or the
Enforcing Servicer to the extent there is a material change in the facts and circumstances known to such party or that should have been
known to such party with the exercise of reasonable diligence at the time when the Proposed Course of Action Notice is posted on the Certificate
Administrator’s Website and (iii) if the Proposed Course of Action Notice had indicated a course of action other than the course
of action under clause (ii), then the Enforcing Servicer shall again become the Enforcing Party and, as such, shall be the
sole party entitled to determine a course of action, including, but not limited to, enforcing the Trust’s rights against the related
Mortgage Loan Seller.

For the avoidance
of doubt, no party other than the Enforcing Servicer shall be obligated or entitled to exercise such rights.

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(vi)              Notwithstanding
the foregoing, the dispute resolution provisions described above under this Section 2.03(l) shall not apply, and the Enforcing
Servicer shall remain the Enforcing Party, if the Enforcing Servicer has commenced litigation with respect to the Repurchase Request,
or determines in accordance with the Servicing Standard that it is in the best interest of Certificateholders and the RR Interest Owners
to commence litigation with respect to the Repurchase Request to avoid the running of any applicable statute of limitations.

(vii)             In
the event a Requesting Certificateholder becomes the Enforcing Party, the Enforcing Servicer, on behalf of the Trust, shall remain a
party to any proceedings against the related Mortgage Loan Seller as further described below.

(viii)           For
the avoidance of doubt, neither the Depositor, the Mortgage Loan Seller with respect to the subject Mortgage Loan nor any of their respective
Affiliates shall be entitled to be an Initial Requesting Certificateholder or a Requesting Certificateholder, to act as a Certificateholder
for purposes of delivering any Preliminary Dispute Resolution Election Notice or Final Dispute Election Resolution Notice or otherwise
to vote Certificates owned by it or such Affiliates with respect to a course of action proposed or undertaken pursuant to the procedures
described under this Section 2.03(l).

(m)            
 If the Enforcing Party selects mediation (including nonbinding arbitration), the following provisions shall apply:

(i)               
The mediation shall be administered by a nationally recognized mediation services provider selected by the related Mortgage Loan
Seller within 30 days of written notice of the Enforcing Party’s selection of mediation (such provider, the “Mediation
Services Provider”) in accordance with published mediation procedures (the “Mediation Rules”) promulgated
by the Mediation Services Provider.

(ii)              
The mediator shall be impartial, an attorney and have at least fifteen (15) years of experience in commercial litigation and either
commercial real estate finance or commercial mortgage-backed securitization matters or other complex commercial transactions and who will
be appointed from a list of neutrals maintained by the Mediation Services Provider. Upon being supplied a list of at least ten potential
mediators by the Mediation Services Provider, each party will have the right to exercise two peremptory challenges within fourteen (14)
days and to rank the remaining potential mediators in order of preference. The Mediation Services Provider shall select the mediator from
the remaining attorneys on the list respecting the preference choices of the parties to the extent possible.

(iii)               The
parties shall use commercially reasonable efforts to conduct an organizational conference to begin the mediation within ten (10) Business
Days of the selection of the mediator and to conclude the mediation within sixty (60) days thereafter.

(iv)               The
expenses of any mediation shall be allocated among the parties to the mediation, including, if applicable, between the Enforcing Party
and Enforcing Servicer, as mutually agreed by the parties as part of the mediation.

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(n)              
  If the Enforcing Party selects third-party arbitration, the following provisions will apply:

(i)               
 The arbitration shall be administered by a nationally recognized arbitration services provider selected by the related Mortgage
Loan Seller within 30 days of written notice of the Enforcing Party’s selection of arbitration (such provider, the “Arbitration
Services Provider”) in accordance with published arbitration procedures (the “Arbitration Rules”) promulgated
by the Arbitration Services Provider.

(ii)              
   The arbitrator shall be impartial, an attorney and have at least fifteen (15) years of experience in commercial litigation and
either commercial real estate finance or commercial mortgage-backed securitization matters or other complex commercial transactions and
who will be appointed from a list of neutrals maintained by the Arbitration Services Provider. Upon being supplied a list of at least
ten potential arbitrators by the Arbitration Services Provider, each party will have the right to exercise two peremptory challenges within
fourteen (14) days and to rank the remaining potential arbitrators in order of preference. The Arbitration Services Provider will select
the arbitrator from the remaining attorneys on the list respecting the preference choices of the parties to the extent possible.

(iii)               
Prior to accepting an appointment, the arbitrator must promptly disclose any circumstances likely to create a reasonable inference
of bias or conflict of interest or likely to preclude completion of the hearings within the prescribed time schedule.

(iv)               
After consulting with the parties at an organizational conference held not later than ten (10) Business Days after its appointment,
the arbitrator shall devise procedures and deadlines for the arbitration, to the extent not already agreed to by the parties, with the
goal of expediting the proceeding and completing the arbitration within 120 days. The arbitrator shall have the authority to schedule,
hear, and determine any and all motions, including dispositive and discovery motions, in accordance with the Federal Rules of Civil Procedure
for non-jury matters (the “Rules”) (including summary judgment and other prehearing and post hearing motions), and
shall do so by reasoned decision on the motion of any party to the arbitration.

(v)              
  Notwithstanding whatever other discovery may be available under the Rules, unless otherwise agreed by the parties, each party to
the arbitration shall be presumptively limited to the following discovery in the arbitration: (A) the parties shall reasonably and
in good faith voluntarily produce to all other parties all documents upon which they intend to rely and all documents they reasonably
and in good faith believe to be relevant to the claims or defenses asserted by any of the parties, (B) party witness depositions
(excluding Rule 30b-6 witnesses), and (C) expert witness depositions, provided that the arbitrator shall have the ability
to grant the parties, or either of them, additional discovery to the extent that the arbitrator determines good cause is shown that such
additional discovery is reasonable and necessary.

(vi)               
The arbitrator shall make its final determination no later than thirty (30) days after the conclusion of the hearings and submission
of any post-hearing submissions.

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The arbitrator shall resolve the dispute
in accordance with the terms of the related Mortgage Loan Purchase Agreement and this Agreement, and may not modify or change those agreements
in any way or award remedies not consistent with those agreements. The arbitrator shall not have the power to award punitive damages or
consequential damages in any arbitration conducted by them. Interest on any monetary award shall bear interest from the date of the Final
Dispute Resolution Election Notice at the Prime Rate. In its final determination, the arbitrator shall determine and award the costs of
the arbitration (including the fees of the arbitrator, cost of any record or transcript of the arbitration, and administrative fees) and
shall award reasonable attorneys’ fees to the parties to the arbitration as determined by the arbitrator in its reasonable discretion.
The determination of the arbitrator shall be by a reasoned decision in writing and counterpart copies shall be promptly delivered to the
parties. The final determination of the arbitrator shall be final and non-appealable, except for actions to confirm or vacate the determination
permitted under federal or state law, and may be enforced in any court of competent jurisdiction.

(vii)              
By selecting arbitration, the selecting party is giving up the right to sue in court, including the right to a trial by jury.

(viii)             
No person may bring a putative or certified class action to arbitration.

(o)              
   The following provisions shall apply to both mediation and third-party arbitration:

(i)               
     Any mediation or arbitration shall be held in New York, New York unless another location is agreed by all parties;

(ii)              
    If the dispute involves a matter that cannot effectively be remedied by the payment of damages, or if there be any dispute relating
to arbitration or the arbitrators that cannot be resolved promptly by the arbitrators or the Arbitration Services Provider, then any party
in such instance may during the pendency of the arbitration proceedings seek temporary equitable remedies, pending the final decision
of the arbitration panel, solely by application in the Southern District of New York if such court shall have subject matter jurisdiction,
or if the Southern District of New York has no jurisdiction, then the Supreme Court of the State of New York for the County of New York.
The arbitration proceedings shall not be stayed unless so ordered by the court.

(iii)               
The details and/or existence of any Repurchase Request, any informal meetings, mediations or arbitration proceedings conducted
under this Section 2.03, including all offers, promises, conduct and statements, whether oral or written, made in the course
of the parties’ attempt to informally resolve any Repurchase Request, shall be confidential, privileged and inadmissible for any
purpose, including impeachment, in any mediation, arbitration or litigation, or other proceeding (including any proceeding under this
Section 2.03). Such information shall be kept strictly confidential and shall not be disclosed or shared with any third party
(other than a party’s attorneys, experts, accountants and other agents and representatives, as reasonably required in connection
with any resolution procedure under this Section 2.03), except as otherwise required by law, regulatory requirement or court
order. If any party to a resolution procedure receives a

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subpoena or other request for information
from a third party (other than a governmental regulatory body) for such confidential information, the recipient shall promptly notify
the other party to the resolution procedure and shall provide the other party with a reasonable opportunity to object to the production
of its confidential information.

(iv)               
  In the event a Requesting Certificateholder is the Enforcing Party, the agreement with the arbitrator or mediator, as the case
may be, shall be required to contain an acknowledgment that the Trust, or the Enforcing Servicer on its behalf, shall be a party to any
arbitration or mediation proceedings solely for the purpose of being the beneficiary of any award in favor of the Enforcing Party. All
amounts recovered by the Enforcing Party shall be paid to the Trust, or the Enforcing Servicer on its behalf, and deposited in the Collection
Account. The agreement with the arbitrator or mediator, as the case may be, shall provide that in the event a Requesting Certificateholder
is allocated any related costs and expenses pursuant to the terms of the arbitrator’s decision or the agreement reached in mediation,
neither the Trust nor the Enforcing Servicer acting on its behalf shall be responsible for any such costs and expenses allocated to the
Requesting Certificateholder.

(v)              
     In the event a Requesting Certificateholder is the Enforcing Party, the Requesting Certificateholder is required to pay any expenses
allocated to the Enforcing Party in the arbitration proceedings or any expenses that the Enforcing Party agrees to bear in the mediation
proceedings.

(vi)               
The Trust (or the Trustee or the Enforcing Servicer, acting on its behalf), the Depositor or any Mortgage Loan Seller shall be
permitted to redact any personally identifiable customer information included in any information provided for purposes of any mediation
or arbitration. Each party to the proceedings shall be required to agree to keep confidential the details related to the Repurchase Request
and the dispute resolution identified in connection with such procedures; provided, however, that (A) the Certificateholders
and the RR Interest Owners shall be permitted to communicate prior to the commencement of any such proceedings to the extent provided
in Section 5.06, (B) to the extent that the Enforcing Servicer is required under Section 2.02 to provide any 15Ga-1
Notice in connection with such Repurchase Request, the Enforcing Servicer shall be permitted to include in such 15Ga-1 Notice the information
required pursuant to Section 2.02 and (C) the applicable Mortgage Loan Seller shall be permitted to disclose information
related to the Repurchase Request to the extent necessary to comply with its obligations under Rule 15Ga-1 or Item 1104 of Regulation
AB.

(vii)              
For the avoidance of doubt, in no event shall the exercise of any right of a Requesting Certificateholder to refer a Repurchase
Request to mediation or arbitration affect in any manner the ability of the Enforcing Servicer to perform its obligations with respect
to a Mortgage Loan or the exercise of any rights of a Directing Certificateholder.

(viii)              Any
out-of-pocket expenses required to be borne by or allocated to the Enforcing Servicer in a mediation or arbitration shall be reimbursable
as Trust Fund expenses.

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(p)              
    Notwithstanding anything to the contrary herein, with respect to any Joint Mortgage Loan, the obligations of each of the applicable
Mortgage Loan Sellers to repurchase or substitute with respect to a Material Defect with respect to the related Mortgage Loan shall be
limited to a repurchase or substitution with respect to the Mortgage Note it sold to the Depositor in accordance with the related Mortgage
Loan Purchase Agreement. With respect to any Joint Mortgage Loan, any cure by either of the applicable Mortgage Loan Sellers with respect
to the Mortgage Note sold by it to the Depositor in accordance with the related Mortgage Loan Purchase Agreement that also cures the Material
Defect with respect to the entire related Joint Mortgage Loan shall satisfy the cure obligations of both Mortgage Loan Sellers with respect
to such Joint Mortgage Loan.

Section 2.04       
Execution of Certificates; Issuance of Lower-Tier Regular Interests. The Trustee hereby acknowledges the assignment to it
of the Mortgage Loans and, subject to Section 2.01 and Section 2.02, the delivery to the Custodian of the Mortgage
Files and a fully executed original counterpart of each of the Mortgage Loan Purchase Agreements, together with the assignment to it of
all of the other assets included in the Lower-Tier REMIC. Concurrently with such assignment and delivery, and in exchange for the
Mortgage Loans and the other assets comprising the Lower-Tier REMIC, receipt of which is hereby acknowledged, (i) the Trustee
acknowledges the issuance of the Lower-Tier Regular Interests and the Class LR Interest to the Depositor; (ii) [Reserved]; (iii) the
Trustee acknowledges the contribution by the Depositor of the Lower-Tier Regular Interests to the Upper-Tier REMIC; and (iv) immediately
thereafter, in exchange for the Lower-Tier Regular Interests, the Trustee acknowledges that it has caused the Certificate Administrator
to issue the Class UR Interest and has caused the Certificate Registrar to execute and caused the Authenticating Agent to authenticate
and to deliver to or upon the order of the Depositor, the Regular Certificates, the VRR Interest and the Class R Certificates, and
the Depositor hereby acknowledges the receipt by it or its designees, of such Certificates in authorized Denominations and the RR Interest
evidencing the entire beneficial ownership of the Upper-Tier REMIC (and, in the case of the Class R Certificates, the Class LR
Interest and the Class UR Interest).

Section 2.05       
[Reserved].

[End of Article II]

Article III

ADMINISTRATION AND

SERVICING OF THE TRUST FUND

Section 3.01       
The Master Servicer to Act as Master Servicer; Special Servicer to Act as Special Servicer; Administration of the Mortgage Loans,
the Serviced Companion Loans and REO Properties. (a) Each of the Master Servicer and Special Servicer shall diligently service
and administer the Mortgage Loans (other than any Non-Serviced Mortgage Loan), any related Serviced Companion Loans and the applicable
REO Properties (other than any REO Property related to a Non-Serviced Mortgage Loan) it is obligated to service in accordance with applicable
law, this Agreement and the Mortgage Loan documents on behalf of the Trust and in the best interests of and for the benefit of the Certificateholders
and the RR Interest Owners and, in the

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case of the Serviced Companion Loans, the Companion
Holders and the Trustee (as holder of the Lower-Tier Regular Interests), as a collective whole, taking into account the subordinate or
pari passu nature of such Companion Loans, as applicable (as determined by the Master Servicer or Special Servicer, as the case
may be, in its reasonable judgment), in accordance with applicable law, the terms of this Agreement (and, with respect to each Serviced
Whole Loan or any Mortgage Loan with related mezzanine debt, the related Intercreditor Agreement) and the terms of the respective Mortgage
Loans and, if applicable, the related Companion Loan(s), taking into account the subordinate or pari passu nature of the Companion
Loan(s), as applicable. With respect to each Serviced Whole Loan, in the event of a conflict between this Agreement and the related Intercreditor
Agreement, the related Intercreditor Agreement shall control; provided that in no event shall the Master Servicer or the Special
Servicer, as the case may be, take any action or omit to take any action in accordance with the terms of any Intercreditor Agreement that
would cause the Master Servicer or the Special Servicer, as the case may be, to violate the Servicing Standard or the REMIC Provisions.
To the extent consistent with the foregoing, the Master Servicer and the Special Servicer shall service the Mortgage Loans (other than
any Non-Serviced Mortgage Loan) and the Serviced Companion Loans in accordance with the higher of the following standards of care: (1) in
the same manner in which, and with the same care, skill, prudence and diligence with which the Master Servicer or the Special Servicer,
as the case may be, services and administers similar mortgage loans for other third party portfolios and (2) the same care, skill,
prudence and diligence with which the Master Servicer or the Special Servicer, as the case may be, services and administers similar mortgage
loans owned by the Master Servicer or the Special Servicer, as the case may be, with a view to (A) the timely recovery of all payments
of principal and interest under the Mortgage Loans or Serviced Whole Loans or (B) in the case of a Specially Serviced Loan or an
REO Property, maximization of recovery of principal and interest on a net present value basis on such Mortgage Loans and any related Serviced
Companion Loans, and the best interests of the Trust and the Certificateholders and the RR Interest Owners (as a collective whole as if
such Certificateholders and the RR Interest Owners constituted a single lender) (and in the case of any Whole Loan, the best interests
of the Trust, the Certificateholders, the RR Interest Owners and any related Companion Holder (as a collective whole as if such Certificateholders,
the RR Interest Owners and the holder or holders of the related Companion Loan(s) constituted a single lender), taking into account the
subordinate or pari passu nature of the related Companion Loan(s), as applicable), as determined by the Master Servicer or the
Special Servicer, as the case may be, in its reasonable judgment, in either case giving due consideration to the customary and usual standards
of practice of prudent, institutional commercial, multifamily and manufactured housing community mortgage loan servicers, but without
regard to any conflict of interest arising from: (i) any relationship that the Master Servicer, the Special Servicer or any Affiliate
of the Master Servicer or the Special Servicer may have with any Mortgagor or any Affiliate of such Mortgagor, any Mortgage Loan Seller
or any other parties to this Agreement; (ii) the ownership of any Certificate, Companion Loan, mezzanine loan, or subordinate debt
relating to a Mortgage Loan by the Master Servicer, the Special Servicer or any Affiliate of the Master Servicer or the Special Servicer,
as applicable; (iii) the obligation, if any, of the Master Servicer to make Advances; (iv) the right of the Master Servicer’s
or the Special Servicer’s, as the case may be, or any of its Affiliates to receive compensation for its services and reimbursement
for its costs hereunder or with respect to any particular transaction; (v) the ownership, servicing or management for others of (a)
any Non-Serviced Mortgage Loan and any Non-Serviced Companion Loan or (b) any other mortgage loans, subordinate debt, mezzanine loans
or properties not covered

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by this Agreement or held by the Trust by the
Master Servicer or the Special Servicer, as the case may be, or any of its Affiliates; (vi) any debt that the Master Servicer or
the Special Servicer, as the case may be, or any of its Affiliates, has extended to any Mortgagor or an Affiliate of any Mortgagor (including,
without limitation, any mezzanine financing); (vii) any option to purchase any Mortgage Loan or the related Companion Loan(s) the
Master Servicer or the Special Servicer, as the case may be, or any of its Affiliates, may have; and (viii) any obligation of the
Master Servicer or the Special Servicer, or any of their respective Affiliates, to repurchase or substitute for a Mortgage Loan as a Mortgage
Loan Seller (if the Master Servicer or the Special Servicer or one of their respective Affiliates is a Mortgage Loan Seller) (the foregoing,
collectively referred to as the “Servicing Standard”).

The Master Servicer and the
Special Servicer shall act in accordance with the Servicing Standard with respect to any action required to be taken regarding the Non-Serviced
Mortgage Loans pursuant to their obligations under this Agreement.

Without limiting the foregoing,
subject to Section 3.19, the Special Servicer shall be obligated to service and administer (i) any Mortgage Loans (other
than the Non-Serviced Mortgage Loans) and any related Serviced Companion Loans as to which a Servicing Transfer Event has occurred
and is continuing (each, a “Specially Serviced Loan”) or as otherwise provided herein with respect to Non-Specially
Serviced Loans in connection with any Major Decision and (ii) any REO Properties (other than the Non-Serviced Mortgaged Properties);
provided that the Master Servicer shall continue to receive payments and make all calculations, and prepare, or cause to be prepared,
all reports, required hereunder with respect to the Specially Serviced Loans, except for the reports specified herein as prepared by the
Special Servicer, as if no Servicing Transfer Event had occurred and with respect to the REO Properties (and the related REO Loans) as
if no REO Acquisition had occurred, and to render such services with respect to such Specially Serviced Loans and REO Properties as are
specifically provided for herein; provided, further, however, that the Master Servicer shall not be liable for failure
to comply with such duties insofar as such failure results from a failure of the Special Servicer to provide sufficient information to
the Master Servicer to comply with such duties or failure by the Special Servicer to otherwise comply with its obligations hereunder.
The Master Servicer, in its capacity as Master Servicer, shall not have any responsibility for the performance by the Special Servicer,
in its capacity as Special Servicer, of its duties under this Agreement. The Special Servicer, in its capacity as Special Servicer, shall
not have any responsibility for the performance by the Master Servicer, in its capacity as Master Servicer, of its duties under this Agreement.
Each Mortgage Loan or any related Serviced Companion Loan that becomes a Specially Serviced Loan shall continue as such until satisfaction
of the conditions specified in Section 3.19(a). Without limiting the foregoing, subject to (i) the processing of any Major
Decision by the Special Servicer in accordance with the terms of this Agreement and (ii)  Section 3.19, the Master Servicer
shall be obligated to service and administer any Non-Specially Serviced Loan or related Serviced Companion Loan. The Special Servicer
shall make the property inspections, use its reasonable efforts to collect the financial statements, budgets, operating statements and
rent rolls and forward to the Master Servicer the reports in respect of the related Mortgaged Properties with respect to Specially Serviced
Loans in accordance with Section 3.12. After notification to the Master Servicer, the Special Servicer may contact the Mortgagor
of any Non-Specially Serviced Loan if efforts by the Master Servicer to collect required financial information have been unsuccessful
or any other issues remain unresolved. Such contact shall be coordinated through and with the cooperation of the Master Servicer. No provision
herein

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contained shall be construed as an express
or implied guarantee by the Master Servicer or the Special Servicer of the collectability or recoverability of payments on the Mortgage
Loans or any related Serviced Companion Loan or be construed to impair or adversely affect any rights or benefits provided by this Agreement
to the Master Servicer or the Special Servicer (including with respect to Servicing Fees, Special Servicing Fees or the right to be reimbursed
for Advances and interest accrued thereon). Any provision in this Agreement for any Advance by the Master Servicer or the Trustee is intended
solely to provide liquidity for the benefit of the Certificateholders and the RR Interest Owners and not as credit support or otherwise
to impose on any such Person the risk of loss with respect to one or more of the Mortgage Loans or any related Serviced Companion Loans.
No provision hereof shall be construed to impose liability on the Master Servicer or the Special Servicer for the reason that any recovery
to the Certificateholders and the RR Interest Owners in respect of a Mortgage Loan at any time after a determination of present value
recovery is less than the amount reflected in such determination.

(b)              
Subject only to the Servicing Standard and the terms of this Agreement (including, without limitation, Section 6.08)
and of the respective Mortgage Loans, any related Serviced Companion Loans and any related Intercreditor Agreement, if applicable, and
applicable law, the Master Servicer and the Special Servicer each shall have full power and authority, acting alone or, in the case of
the Master Servicer, subject to Section 3.20, through one or more Sub-Servicers, to do or cause to be done any and all
things in connection with such servicing and administration for which it is responsible which it may deem necessary or desirable. Without
limiting the generality of the foregoing, each of the Master Servicer and the Special Servicer, in its own name (or in the name of the
Trustee and, if applicable, the related Serviced Companion Noteholder), is hereby authorized and empowered by the Trustee to execute and
deliver, on behalf of the Certificateholders (and, with respect to a Serviced Companion Loan, the related Serviced Companion Noteholder),
the RR Interest Owners and the Trustee or any of them, with respect to each Mortgage Loan and any related Serviced Companion Loan, it
is obligated to service under this Agreement: (i) any and all financing statements, continuation statements and other documents or
instruments necessary to maintain the lien created by the related Mortgage or other security document in the related Mortgage File on
the related Mortgaged Property and related collateral, and shall, from time to time, execute and/or deliver such financing statements,
continuation statements and other documents or instruments as necessary to maintain the lien created by the related Mortgage or other
security document in the related Mortgage File on the related Mortgaged Property and related collateral; (ii) subject to Sections 3.08,
3.18 and 6.08, any and all modifications, waivers, amendments or consents to, under or with respect to any documents contained
in the related Mortgage File; (iii) any and all instruments of satisfaction or cancellation, pledge agreements and other documents
in connection with a defeasance, or of partial or full release or discharge, and all other comparable instruments; and (iv) any or
all complaints or other pleadings to initiate and/or to terminate any action, suit or proceeding on behalf of the Trust (in their representative
capacities (except as set forth below in this paragraph). The Master Servicer (with respect to Non-Specially Serviced Loans) and the Special
Servicer (with respect to Specially Serviced Loans) shall provide to the Mortgagor related to such Mortgage Loans that it is servicing
any reports required to be provided to them pursuant to the related Mortgage Loan documents. Subject to Section 3.10, the
Trustee shall upon request, furnish, or cause to be furnished, to the Master Servicer or the Special Servicer any powers of attorney in
the form of Exhibit R attached hereto (or such other form as mutually agreed to by the Trustee and the Master Servicer or the Special
Servicer, as applicable) and other documents necessary or appropriate to enable the Master

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Servicer or the Special Servicer, as the case
may be, to carry out its servicing and administrative duties hereunder; provided, however, that the Trustee shall not be
held responsible or liable for any acts of the Master Servicer or the Special Servicer, or for any negligence with respect to, or misuse
of, any such power of attorney by the Master Servicer or the Special Servicer. Notwithstanding anything contained herein to the contrary,
the Master Servicer or the Special Servicer, as the case may be, shall not, without the Trustee’s written consent: (i) initiate
any action, suit or proceeding solely under the Trustee’s name without indicating the Master Servicer’s or the Special Servicer’s,
as the case may be, representative capacity (unless prohibited by any requirement of the applicable jurisdiction in which any such action,
suit or proceeding is brought and if so prohibited, in the manner required by such jurisdiction (provided that the Master Servicer
or Special Servicer, as applicable, shall then provide five (5) Business Days’ written notice to the Trustee of the initiation of
such action, suit or proceeding (or such shorter time period as is reasonably required in the judgment of the Master Servicer or the Special
Servicer, as applicable, made in accordance with the Servicing Standard) prior to filing such action, suit or proceeding), and shall not
be required to obtain the Trustee’s consent or indicate the Master Servicer’s or Special Servicer’s, as applicable,
representative capacity)) or (ii) take any action with the intent to cause, and that actually causes, the Trustee to be required
to be registered to do business in any state.

(c)              
To the extent the Master Servicer is permitted pursuant to the terms of the related Mortgage Loan documents or Companion Loan documents
(including any related Intercreditor Agreement) to exercise its discretion with respect to any action which requires Rating Agency Confirmation
from each Rating Agency and a confirmation of any applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any class of Serviced Companion Loan Securities (if any) (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25), the Master Servicer shall require the costs of such Rating Agency
Confirmation to be borne by the related Mortgagor. To the extent the terms of the related Mortgage Loan documents or Companion Loan documents
(including any related Intercreditor Agreement) require the Mortgagor to bear the costs of any Rating Agency Confirmation or confirmation
of any applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of its then-current
ratings of any class of Serviced Companion Loan Securities (if any) (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25), the Master Servicer shall not waive the requirement that such costs and expenses be borne by the related Mortgagor.
To the extent that the terms of the related Mortgage Loan documents or Companion Loan documents (including any related Intercreditor Agreement)
are silent as to who bears the costs of any Rating Agency Confirmation or confirmation of any applicable rating agencies that such action
will not result in the downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced Companion Loan
Securities (if any) (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating
Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25), the Master Servicer
shall use reasonable efforts to have the Mortgagor bear such costs and expenses. The Master Servicer shall not be responsible for the
payment of such costs and expenses out of pocket other than as a Servicing Advance.

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(d)              
 The relationship of each of the Master Servicer and the Special Servicer to the Trustee under this Agreement is intended by the
parties to be that of an independent contractor and not that of a joint venturer, partner or agent.

(e)              
The Master Servicer shall, to the extent permitted by the related Mortgage Loan documents or any related Companion Loan documents,
and consistent with the Servicing Standard, permit Escrow Payments to be invested only in Permitted Investments.

(f)               
Within sixty (60) days (or such shorter time period as is required by the terms of the applicable Mortgage Loan documents) after
the later of (i) the receipt thereof by the Master Servicer and (ii) the Closing Date, (x) the applicable Mortgage
Loan Seller pursuant to the Mortgage Loan Purchase Agreement shall notify each provider of a letter of credit for each Mortgage Loan identified
as having a letter of credit on the Mortgage Loan Schedule, that the Master Servicer (in care of the Trustee, as titled in Section 2.01(b))
for the benefit of the Certificateholders and the RR Interest Owners and any related Companion Holders shall be the beneficiary under
each such letter of credit and (y) the Master Servicer shall notify each lessor under a Ground Lease for each Mortgage Loan identified
as subject to a leasehold interest on the Mortgage Loan Schedule, that the Trust is the leasehold mortgagee, that any notices of default
under such Ground Lease that are required to be delivered to the leasehold mortgagee pursuant to the terms of such Ground Lease shall
be delivered to the Master Servicer (who shall forward such notices to the Special Servicer) and that the Master Servicer or the Special
Servicer shall service the related Mortgage Loan for the benefit of the Certificateholders and the RR Interest Owners. If a letter of
credit is required to be drawn upon earlier than the date the applicable Mortgage Loan Seller has notified the provider of such letter
of credit pursuant to clause (x) of the immediately preceding sentence, such Mortgage Loan Seller shall cooperate with the
reasonable requests of the Master Servicer or Special Servicer in connection with making a draw under such letter of credit. If the Mortgage
Loan documents do not require the related Mortgagor to pay any costs and expenses relating to any modifications to or assignment of the
related letter of credit, then the applicable Mortgage Loan Seller shall pay such costs and expenses as and to the extent required under
the applicable Mortgage Loan Purchase Agreement. If the Mortgage Loan documents require the related Mortgagor to pay any costs and expenses
relating to any modifications to the related letter of credit, and such Mortgagor fails to pay such costs and expenses after the Master
Servicer has exercised reasonable efforts to collect such costs and expenses from such Mortgagor, then the Master Servicer shall give
the applicable Mortgage Loan Seller notice of such failure and the amount of costs and expenses, and such Mortgage Loan Seller shall pay
such costs and expenses as and to the extent required under the applicable Mortgage Loan Purchase Agreement. The costs and expenses of
any modifications to Ground Leases shall be paid by the related Mortgagor. Neither the Master Servicer nor the Special Servicer shall
have any liability for the failure of any Mortgage Loan Seller to perform its obligations under the related Mortgage Loan Purchase Agreement.

(g)              
Notwithstanding anything herein to the contrary, in no event shall the Master Servicer (or the Trustee, as applicable) make an
Advance with respect to any Companion Loan to the extent the related Serviced Mortgage Loan has been paid in full or is no longer included
in the Trust Fund.

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(h)              
 Servicing and administration of each Serviced Companion Loan shall continue hereunder and in accordance with the related Intercreditor
Agreement for so long as the corresponding Serviced Mortgage Loan or any related REO Property is part of the Trust Fund or for such longer
period as is contemplated by the related Intercreditor Agreement and as any amounts payable by the related Companion Holder to or for
the benefit of the Trust or any party hereto, or payable to the related Companion Holder, in accordance with the related Intercreditor
Agreement remain due and owing.

(i)                
The Special Servicer agrees that upon the occurrence of a Servicing Transfer Event with respect to any Mortgage Loan or Serviced
Whole Loan, that is subject to or becomes subject to an Intercreditor Agreement in the future, it shall, subject to Section 3.19,
use commercially reasonable efforts to enforce, on behalf of the Trust, subject to the Servicing Standard and to the extent the Special
Servicer determines such action is in the best interests of the Trust, all rights conveyed to the Trustee pursuant to any such Intercreditor
Agreement. The costs and expenses incurred by the Special Servicer in connection with such enforcement shall be paid as a Trust Fund expense
or, subject to the terms of the applicable Intercreditor Agreement, (i) with respect to any Serviced Pari Passu Whole Loan, pro
rata and pari passu, by the Trust and the related Serviced Pari Passu Companion Loan(s), in accordance with the respective
Stated Principal Balances of the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan(s) or (ii) with
respect to any Serviced AB Whole Loan, first, by the related AB Subordinate Companion Loan and then, pro rata and
pari passu, by the Trust and the related Serviced Pari Passu Companion Loan (if any), in accordance with the respective Stated
Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s).

(j)                
Notwithstanding anything herein to the contrary, the parties hereto acknowledge and agree that, to the extent required under the
related Intercreditor Agreement, the servicing and administration of a Serviced Whole Loan shall continue hereunder (but not with respect
to making Advances) even if the related Serviced Mortgage Loan is no longer part of the Trust Fund, until such time as a separate servicing
agreement is entered into in accordance with the related Intercreditor Agreement (it being acknowledged that neither the Master Servicer
nor the Special Servicer shall be obligated under a separate agreement to which it is not a party); provided that, other than pursuant
to Section 6.04 (and, with respect to Section 6.04, solely with respect to claims, losses, penalties, fines, forfeitures,
reasonable legal fees and related costs, judgments, and any other costs, liabilities, fees and expenses incurred in connection with a
legal claim or action resulting from an action or inaction taken or not taken while the related Serviced Mortgage Loan was part of the
Trust Fund), no costs, expenses, losses or fees accruing with respect to such Serviced Whole Loan on and after the date the related Serviced
Mortgage Loan is no longer part of the Trust Fund shall be payable out of the Trust Fund and the Master Servicer shall have no obligation
to make any Advance on or after the date such Serviced Mortgage Loan ceases to be part of the Trust Fund; provided, further,
however, that if, in the case of any Serviced Whole Loan, the related Serviced Companion Loans continue to be included in Other
Securitizations, then for so long as a separate servicing agreement (pursuant to the related Intercreditor Agreement) has not been entered
into, the Master Servicer shall inform the related Other Servicer of any need to make Servicing Advances with respect to a Serviced Whole
Loan within three (3) Business Days of determining that such an Advance is necessary or being notified that such an Advance is necessary,
or in the case of a Servicing Advance that needs to be made on an emergency or urgent basis, within one (1) Business Day. With respect
to Servicing Advances made by any Other Servicer as

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contemplated in the second proviso to the preceding
sentence, the Master Servicer shall, from collections on the related Serviced Whole Loan (but never out of general collections on the
Mortgage Loans and REO Properties) received by the Master Servicer, reimburse the Other Servicer for such Servicing Advances in the same
manner and on the same level of priority as if such Servicing Advances had been made by the Master Servicer hereunder.

(k)              
Notwithstanding anything herein to the contrary, the parties hereto acknowledge and agree that the Master Servicer’s and
the Special Servicer’s obligations and responsibilities hereunder and the Master Servicer’s and the Special Servicer’s
authority with respect to a Non-Serviced Mortgage Loan are limited by and subject to the terms of the related Non-Serviced Intercreditor
Agreement and the rights of the related Non-Serviced Master Servicer and Non-Serviced Special Servicer with respect thereto under
the related Non-Serviced PSA. The Master Servicer (or, with respect to any Specially Serviced Loan, the Special Servicer) shall use reasonable
efforts consistent with the Servicing Standards to enforce the rights of the Trustee (as holder of a Non-Serviced Mortgage Loan) under
the related Non-Serviced Intercreditor Agreement and Non-Serviced PSA.

(l)                
The parties hereto acknowledge that each Non-Serviced Mortgage Loan is subject to the terms and conditions of the related Non-Serviced
Intercreditor Agreement and further acknowledge that, pursuant to the related Non-Serviced Intercreditor Agreement, (i) the related
Non-Serviced Mortgage Loan is to be serviced and administered by the related Non-Serviced Master Servicer and Non-Serviced
Special Servicer in accordance with the related Non-Serviced PSA, and (ii) in the event that (A) the related Non-Serviced
Companion Loan is no longer part of the Trust Fund created by the related Non-Serviced PSA and (B) the related Non-Serviced Mortgage
Loan is included in the Trust Fund, then, as set forth in the related Non-Serviced Intercreditor Agreement, the related Non-Serviced
Whole Loan shall continue to be serviced in accordance with the related Non-Serviced PSA, until such time as a new servicing agreement
has been agreed to by the parties to the related Non-Serviced Intercreditor Agreement in accordance with the provisions of such agreement
and confirmation has been obtained from the Rating Agencies that such new servicing agreement would not result in a downgrade, qualification
or withdrawal of the then-current ratings of any Class of Certificates then outstanding.

(m)            
Notwithstanding anything herein to the contrary, the parties hereto acknowledge and agree that the Master Servicer’s and
the Special Servicer’s obligations and responsibilities hereunder and the Master Servicer’s and the Special Servicer’s
authority with respect to a Serviced Whole Loan are limited by, and subject to, the terms of the related Intercreditor Agreement. The
Master Servicer (or, if a Serviced Whole Loan becomes a Specially Serviced Loan, the Special Servicer) shall use reasonable efforts consistent
with the Servicing Standard to obtain the benefits of the rights of the Trust (as holder of the related Serviced Mortgage Loan) under
the related Intercreditor Agreement. In the event of any conflict between this Agreement and the related Intercreditor Agreement, the
provisions of the related Intercreditor Agreement shall control.

(n)              
Subject to Section 11.15 of this Agreement, in connection with the securitization of any of the Serviced Pari Passu
Companion Loans, each of the Master Servicer, the Special Servicer (if such Serviced Companion Loan is a Specially Serviced Loan) and
the Trustee, as applicable, shall use reasonable efforts to cooperate with such Serviced Companion

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Noteholder in attempting to cause the related
Mortgagor to provide information relating to such Whole Loan and the related notes, and that such holder reasonably determines to be necessary
or appropriate, for inclusion in any disclosure document(s) relating to such Other Securitization.

Section 3.02       
Collection of Mortgage Loan Payments. (a) Each of the Master Servicer and the Special Servicer shall make reasonable
efforts consistent with the Servicing Standard to collect all payments called for under the terms and provisions of the Mortgage Loans
and the Companion Loans it is obligated to service hereunder, and shall follow such collection procedures as are consistent with this
Agreement (including, without limitation, the Servicing Standard). The Master Servicer or the Special Servicer, as applicable, may in
its discretion waive any Penalty Charge in connection with any delinquent payment on a Mortgage Loan or Companion Loan that it is obligated
to service hereunder three (3) times during any period of twenty-four (24) consecutive months with respect to any Mortgage Loan or
Serviced Companion Loan; provided that the Master Servicer or the Special Servicer, as applicable, may in its discretion waive
any Penalty Charge in connection with any delinquent payment on a Mortgage Loan or Companion Loan one additional time in such 24-month
period so long as with respect to any of the foregoing waivers, no Advance or additional expense of the Trust has been incurred and remains
unreimbursed to the Trust with respect to such Mortgage Loan or Companion Loan. Any additional waivers during such 24-month period with
respect to such Mortgage Loan may be made, subject to the Servicing Standard, only after the Master Servicer or Special Servicer, as applicable,
has, prior to the occurrence of a Consultation Termination Event, given notice of a proposed waiver to the Directing Certificateholder
and, prior to the occurrence and continuance of a Control Termination Event, the Directing Certificateholder has consented to such additional
waiver (provided that if the Master Servicer or Special Servicer, as applicable, fails to receive a response to such notice from
the Directing Certificateholder in writing within five (5) days of giving such notice, then the Directing Certificateholder shall be deemed
to have consented to such proposed waiver); provided, further, that after the occurrence and during the continuance of a
Control Termination Event, the Master Servicer or Special Servicer, as applicable, may waive any Penalty Charge in accordance with the
Servicing Standard without the consent of the Directing Certificateholder; provided, further, that the Directing Certificateholder
shall have no consent rights with respect to any Excluded Loan with respect to the foregoing waivers.

(b)              
(i)  All amounts collected by or on behalf of the Trust in respect of a Mortgage Loan shall be applied to amounts due
and owing under the Mortgage Loan documents (including for principal and accrued and unpaid interest) in accordance with the express provisions
of the Mortgage Loan documents; provided, however, that absent express provisions in the related Mortgage Loan documents
(including any related Intercreditor Agreement), all amounts collected by or on behalf of the Trust in respect of a Mortgage Loan in the
form of payments from the related Mortgagor, Liquidation Proceeds or Insurance and Condemnation Proceeds under the Mortgage Loan (in the
case of each Serviced Whole Loan, exclusive of any amounts payable to the holder or holders of the related Companion Loan(s) pursuant
to the related Intercreditor Agreement) shall be applied in the following order of priority:

first, as
a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to such Mortgage Loan and unpaid
interest at the Reimbursement Rate on such Advances and, if applicable, unreimbursed and unpaid additional trust fund expenses of the
Trust (including Special Servicing Fees, Liquidation

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Fees and Workout Fees previously paid
by the Trust Fund from general collections) with respect to the related Mortgage Loan;

second, as
a recovery of Nonrecoverable Advances and any interest on those Nonrecoverable Advances at the Reimbursement Rate, to the extent previously
paid or reimbursed from principal collections on such Mortgage Loan (as described in the first proviso in the definition of Aggregate
Principal Distribution Amount);

third, to
the extent not previously so allocated pursuant to clause first or second above, as a recovery of accrued and unpaid interest
on such Mortgage Loan (exclusive of Default Interest) to the extent of the excess of (i) unpaid interest accrued on such Mortgage
Loan at the related Mortgage Rate in effect from time to time through the end of the applicable mortgage interest accrual period, over
(ii) after taking into account any allocations pursuant to clause fifth below on earlier dates, the aggregate portion of the accrued
and unpaid interest described in subclause (i) of this clause third that either (A)(x) was not advanced because of the reductions
(if any) in the amount of related P&I Advances for such Mortgage Loan that have occurred in connection with related Appraisal Reduction
Amounts or (y) with respect to any accrued and unpaid interest that was not advanced due to a determination that the related P&I Advance
would be a Nonrecoverable Advance, the amount of interest that (absent such determination of nonrecoverability preventing such P&I
Advance from being made) would not have been advanced because of the reductions in the amount of related P&I Advances for such Mortgage
Loan that would have occurred in connection with related Appraisal Reduction Amounts or (B) accrued at the related Net Mortgage Rate on
the portion of the Stated Principal Balance of such Mortgage Loan equal to any related Collateral Deficiency Amount in effect from time
to time and as to which no P&I Advance was made;

fourth, to
the extent not previously allocated pursuant to clause first or second, as a recovery of principal of such Mortgage Loan
then due and owing, including by reason of acceleration of such Mortgage Loan following a default thereunder (or, if the Mortgage Loan
has been liquidated, as a recovery of principal to the extent of its entire remaining unpaid principal balance);

fifth, as
a recovery of accrued and unpaid interest on such Mortgage Loan (exclusive of Default Interest) to the extent of the sum of (A) the cumulative
amount of the reductions (if any) in the amount of related P&I Advances for such Mortgage Loan that have occurred in connection with
related Appraisal Reduction Amounts or would have occurred in connection with related Appraisal Reduction Amounts but for such P&I
Advance not having been made as a result of a determination that such P&I Advance would have been a Nonrecoverable Advance, plus (B)
any unpaid interest that accrued at the related Net Mortgage Rate on the portion of the Stated Principal Balance of such Mortgage Loan
equal to any related Collateral Deficiency Amount in effect from time to time and as to which no P&I Advance was made (to the extent
collections have not been allocated as recovery of accrued and unpaid interest pursuant to this clause fifth on earlier dates);

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sixth, as
a recovery of amounts to be currently allocated to the payment of, or escrowed for the future payment of, real estate taxes, assessments
and insurance premiums and similar items relating to such Mortgage Loan;

seventh, as
a recovery of any other reserves to the extent then required to be held in escrow with respect to such Mortgage Loan;

eighth, as
a recovery of any Yield Maintenance Charge or Prepayment Premium then due and owing under such Mortgage Loan;

ninth, as
a recovery of any late payment charges and Default Interest then due and owing under such Mortgage Loan;

tenth, as
a recovery of any assumption fees, assumption application fees and Modification Fees then due and owing under such Mortgage Loan;

eleventh,
as a recovery of any other amounts then due and owing under such Mortgage Loan other than remaining unpaid principal (if both consent
fees and Operating Advisor Consulting Fees are due and owing, first, allocated to consent fees and then, allocated to Operating Advisor
Consulting Fees); and

twelfth, as
a recovery of any remaining principal of such Mortgage Loan to the extent of its entire remaining unpaid principal balance;

provided that to the extent required
under the REMIC Provisions, payments or proceeds received (or receivable by exercise of the lender’s rights under the related Mortgage
Loan documents) with respect to any partial release of a Mortgaged Property (including in connection with a condemnation) at a time when
the LTV Ratio of the related Mortgage Loan or Serviced Whole Loan, as applicable, exceeds 125%, or would exceed 125% following any partial
release (based solely on the value of real property and excluding personal property and going concern value, if any) must be collected
and allocated to reduce the principal balance of the Mortgage Loan or Serviced Whole Loan in the manner required by the REMIC Provisions;
provided, further, that if a Non-Serviced Mortgage Loan and any related Non-Serviced Companion Loan comprising a
Non-Serviced Whole Loan become REO Loans, the treatment of the foregoing amounts with respect to such Non-Serviced Whole Loan
shall be subject to the terms of the related Non-Serviced Intercreditor Agreement and Non-Serviced PSA, in that order; provided,
further, that with respect to each Mortgage Loan related to a Serviced Whole Loan, amounts collected with respect to the related
Serviced Whole Loan shall be allocated first pursuant to the terms of the related Intercreditor Agreement and then, any amounts allocated
to the related Serviced Mortgage Loan shall be subject to application as described above.

(ii)              
Collections by or on behalf of the Trust in respect of any REO Property (exclusive of the amounts to be allocated to the payment
of the costs of operating, managing, leasing, maintaining and disposing of such REO Property and, in the case of each Serviced Whole Loan,
exclusive of any amounts payable to the holder or holders of the related Companion Loan(s) pursuant to the related Intercreditor Agreement)
shall be applied in the following order of priority:

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first, as
a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to the related Mortgage Loan
and interest at the Reimbursement Rate on all Advances and, if applicable, unreimbursed and unpaid expenses of the Trust (including Special
Servicing Fees, Liquidation Fees and Workout Fees previously paid by the Trust Fund from general collections) with respect to such Mortgage
Loan;

second, as
a recovery of Nonrecoverable Advances and any interest on those Nonrecoverable Advances at the Reimbursement Rate, to the extent previously
paid or reimbursed from principal collections on the Mortgage Loans (as described in the first proviso in the definition of Aggregate
Principal Distribution Amount);

third, to
the extent not previously so allocated pursuant to clause first or second above, as a recovery of accrued and unpaid interest
on such Mortgage Loan (exclusive of Default Interest) to the extent of the excess of (i) unpaid interest accrued on such Mortgage
Loan at the related Mortgage Rate in effect from time to time through the end of the applicable mortgage interest accrual period, over
(ii) after taking into account any allocations pursuant to clause fifth below or clause fifth of the prior paragraph on
earlier dates, the aggregate portion of the accrued and unpaid interest described in subclause (i) of this clause third that either
(A)(x) was not advanced because of the reductions (if any) in the amount of related P&I Advances for such Mortgage Loan that have
occurred in connection with related Appraisal Reduction Amounts or (y) with respect to any accrued and unpaid interest that was not advanced
due to a determination that the related P&I Advance would be a Nonrecoverable Advance, the amount of interest that (absent such determination
of nonrecoverability preventing such P&I Advance from being made) would not have been advanced because of the reductions in the amount
of related P&I Advances for such Mortgage Loan that would have occurred in connection with related Appraisal Reduction Amounts or
(B) accrued at the related Net Mortgage Rate on the portion of the Stated Principal Balance of such Mortgage Loan equal to any related
Collateral Deficiency Amount in effect from time to time and as to which no P&I Advance was made;

fourth, to
the extent not previously allocated pursuant to clause first or second, as a recovery of principal of such Mortgage Loan
to the extent of its entire unpaid principal balance;

fifth, as
a recovery of accrued and unpaid interest (exclusive of Default Interest) on such Mortgage Loan to the extent of the sum of (A) the cumulative
amount of the reductions (if any) in the amount of related P&I Advances for such Mortgage Loan that have occurred in connection with
related Appraisal Reduction Amounts or would have occurred in connection with related Appraisal Reduction Amounts but for such P&I
Advance not having been made as a result of a determination that such P&I Advance would have been a Nonrecoverable Advance, plus (B)
any unpaid interest that accrued at the related Net Mortgage Rate on the portion of the Stated Principal Balance of such Mortgage Loan
equal to any related Collateral Deficiency Amount in effect from time to time and as to which no P&I Advance was made (to the extent
collections have not been allocated as recovery of accrued and unpaid interest pursuant to this clause fifth or clause fifth
of the prior paragraph on earlier dates);

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sixth, as
a recovery of any Yield Maintenance Charge or Prepayment Premium then due and owing under such Mortgage Loan;

seventh, as
a recovery of any late payment charges and default interest then due and owing under such Mortgage Loan;

eighth, as
a recovery of any assumption fees, assumption application fees and Modification Fees then due and owing under such Mortgage Loan; and

ninth, as
a recovery of any other amounts then due and owing under such Mortgage Loan other than remaining unpaid principal (if both consent fees
and Operating Advisor Consulting Fees are due and owing, first, allocated to consent fees and then, allocated to Operating
Advisor Consulting Fees);

provided that if a Non-Serviced
Mortgage Loan and any related Non-Serviced Companion Loan comprising a Non-Serviced Whole Loan becomes an REO Loan, the treatment of the
foregoing amounts with respect to such Non-Serviced Whole Loan shall be subject to the terms of the related Non-Serviced Intercreditor
Agreement and Non-Serviced PSA, in that order; provided, further, that with respect to each Mortgage Loan related to a Serviced
Whole Loan, amounts collected with respect to the related Serviced Whole Loan shall be allocated first pursuant to the terms of the related
Intercreditor Agreement and then, any amounts allocated to the related Serviced Mortgage Loan shall be subject to application as described
above.

(iii)               
Notwithstanding clauses (i) and (ii) above, such provisions shall not be deemed to affect the priority of distributions
of payments pursuant to the provisions of this Agreement. To the extent that such amounts are paid by a party other than a Mortgagor,
such amounts shall be deemed to have been paid in respect of a purchase of all or part of the Mortgaged Property (in the case of Insurance
and Condemnation Proceeds or Liquidation Proceeds) and then paid by the Mortgagor under the Mortgage Loan or Companion Loan(s), as applicable,
in accordance with Section 3.02(b)(ii) above.

(c)              
To the extent consistent with the terms of the Mortgage Loans (and, with respect to each Serviced Whole Loan, the related Serviced
Companion Loan(s), as applicable, and the related Intercreditor Agreement) and applicable law, the Master Servicer shall apply all Insurance
and Condemnation Proceeds it receives on a day other than the Due Date to amounts due and owing under the related Mortgage Loan or Companion
Loan(s) as if such Insurance and Condemnation Proceeds were received on the Due Date immediately succeeding the month in which Insurance
and Condemnation Proceeds were received and otherwise in accordance with Section 3.02(b)(ii) above.

(d)              
[Reserved.]

(e)              
With respect to any Mortgage Loan in connection with which the Mortgagor was required to escrow funds or to post a letter of credit
related to obtaining certain performance objectives described in the applicable Mortgage Loan documents, the Master Servicer shall, to
the extent consistent with the Servicing Standard, hold such escrows, letters of credit and proceeds thereof as additional collateral
and not apply such items to reduce the principal balance of such

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Mortgage Loan or Serviced Companion Loan(s),
unless otherwise required to do so pursuant to the applicable Mortgage Loan documents, applicable law or court order.

(f)               
Promptly following the Closing Date and, with respect to any Servicing Shift Mortgage Loan, promptly following receipt of notice
of the related Servicing Shift Securitization Date, in the case of any Non-Serviced Whole Loan, the Certificate Administrator shall send
written notice (in the form attached hereto as Exhibit T) to the related Non-Serviced Master Servicer (with a copy to
any other applicable party set forth on the schedule of addresses to Exhibit T) stating that, as of such date, the Trustee is the
holder of the related Non-Serviced Mortgage Loan and directing such Non-Serviced Master Servicer to remit to the Master Servicer
all amounts payable to, and to forward, deliver or otherwise make available, as the case may be, to the Master Servicer all reports, statements,
documents, communications and other information that are to be forwarded, delivered or otherwise made available to, the holder of such
Non-Serviced Mortgage Loan under the related Non-Serviced Intercreditor Agreement and the related Non-Serviced PSA. The Master
Servicer shall, within two (2) Business Days of receipt of available and properly identified funds, deposit into the Collection Account
all amounts received with respect to the related Non-Serviced Mortgage Loan, the related Non-Serviced Mortgaged Property or any
related REO Property.

Section 3.03       
Collection of Taxes, Assessments and Similar Items; Servicing Accounts. (a) The Master Servicer shall establish and
maintain one or more accounts (the “Servicing Accounts”), into which all Escrow Payments shall be deposited and retained,
and shall administer such Servicing Accounts in accordance with the Mortgage Loan documents and, if applicable, the Companion Loan documents.
Any Servicing Account related to a Serviced Whole Loan shall be held for the benefit of the Certificateholders and the RR Interest Owners
and the related Serviced Companion Noteholder collectively, but this shall not be construed to modify respective interests of either noteholder
therein as set forth in the related Intercreditor Agreement. Amounts on deposit in Servicing Accounts may only be invested in accordance
with the terms of the related Mortgage Loan documents and Companion Loan documents, as applicable, or in Permitted Investments in accordance
with the provisions of Section 3.06. Servicing Accounts shall be Eligible Accounts to the extent permitted by the terms of
the related Mortgage Loan documents. Withdrawals of amounts so deposited from a Servicing Account may be made only to: (i) effect
payment of items for which Escrow Payments were collected and comparable items; (ii) reimburse the Trustee and then the Master Servicer,
if applicable, for any Servicing Advances; (iii) refund to Mortgagors any sums as may be determined to be overages; (iv) pay
interest to Mortgagors on balances in the Servicing Account, if required by applicable law or the terms of the related Mortgage Loan or
Companion Loan as described below or, if not so required, to the Master Servicer; (v) after the occurrence of an event of default
under the related Mortgage Loan or Companion Loan, apply amounts to the indebtedness under the applicable Mortgage Loan or Companion Loan;
(vi) withdraw amounts deposited in error; (vii) pay Penalty Charges to the extent permitted by the related Mortgage Loan documents;
or (viii) clear and terminate the Servicing Account at the termination of this Agreement in accordance with Section 9.01.
As part of its servicing duties, the Master Servicer shall pay or cause to be paid to the Mortgagors interest on funds in Servicing Accounts,
to the extent required by law or the terms of the related Mortgage Loan or Companion Loan; provided, however, that in no
event shall the Master Servicer be required to remit to any Mortgagor any amounts in excess of actual net investment income or funds in
the related Servicing Account. If allowed by the related Mortgage Loan documents and

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applicable law, the Master Servicer may charge
the related Mortgagor an administrative fee for maintenance of the Servicing Accounts.

(b)              
The Special Servicer, in the case of REO Loans (other than any REO Loan succeeding a Non-Serviced Mortgage Loan), and the Master
Servicer, in the case of all other Mortgage Loans (other than a Non-Serviced Mortgage Loan), and each Serviced Companion Loan, shall
maintain accurate records with respect to each related Mortgaged Property reflecting the status of real estate taxes, assessments and
other similar items that are or may become a lien thereon and the status of insurance premiums and any ground rents payable in respect
thereof. The Special Servicer, in the case of REO Loans (other than any REO Loan succeeding a Non-Serviced Mortgage Loan), and the
Master Servicer, in the case of all other Mortgage Loans (other than a Non-Serviced Mortgage Loan) and each Serviced Companion Loan,
shall use reasonable efforts consistent with the Servicing Standard to obtain, from time to time, all bills for the payment of such items
(including renewal premiums) and shall effect payment thereof from the REO Account or by the Master Servicer as Servicing Advances prior
to the applicable penalty or termination date and, in any event, prior to the institution of foreclosure or similar proceedings with respect
to the related Mortgaged Property for nonpayment of such items, employing for such purpose Escrow Payments (which shall be so applied
by the Master Servicer at the written direction of the Special Servicer in the case of REO Loans) as allowed under the terms of the related
Mortgage Loan (other than a Non-Serviced Mortgage Loan) and Companion Loan(s). Other than with respect to any Non-Serviced Mortgage
Loan, the Master Servicer shall service and administer any reserve accounts (including monitoring, maintaining or changing the amounts
of required escrows) in accordance with the terms of such Mortgage Loan and the related Serviced Companion Loan(s), as applicable, and
the Servicing Standard. To the extent that a Mortgage Loan (other than a Non-Serviced Mortgage Loan) and any related Companion Loan,
as applicable, does not require a Mortgagor to escrow for the payment of real estate taxes, assessments, insurance premiums, ground rents
(if applicable) and similar items, the Special Servicer, in the case of REO Loans, and the Master Servicer, in the case of all other Mortgage
Loans or Companion Loans, as applicable, that it is responsible for servicing hereunder, shall use reasonable efforts consistent with
the Servicing Standard to cause the Mortgagor to comply with its obligation to make payments in respect of such items at the time they
first become due and, in any event, prior to the institution of foreclosure or similar proceedings with respect to the related Mortgaged
Property for nonpayment of such items.

(c)              
In accordance with the Servicing Standard and for each Mortgage Loan (other than any Non-Serviced Mortgage Loans) and each
Serviced Whole Loan, as applicable, the Master Servicer shall advance all such funds as are necessary for the purpose of effecting the
payment of (i) real estate taxes, assessments and other similar items that are or may become a lien thereon, (ii) ground rents
(if applicable) and (iii) premiums on Insurance Policies, in each instance if and to the extent Escrow Payments collected from the
related Mortgagor (or related REO Revenues, if applicable) are insufficient to pay such item when due and the related Mortgagor has failed
to pay such item on a timely basis, and provided, however, that the particular advance would not, if made, constitute a
Nonrecoverable Servicing Advance and provided, further, however, that with respect to the payment of taxes and assessments,
the Master Servicer shall not be required to make such advance until the later of (i) five (5) Business Days after the Master Servicer,
the Special Servicer, the Certificate Administrator or the Trustee, as the case may be, has received confirmation that such item has not
been paid and (ii) the date prior to the date after which any

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penalty or interest would accrue in respect
of such taxes or assessments. The Special Servicer shall give the Master Servicer and the Trustee no less than five (5) Business Days’
written (facsimile or electronic) notice before the date on which the Master Servicer is requested to make any Servicing Advance with
respect to a given Specially Serviced Loan or REO Property; provided, however, that only two (2) Business Days’ written
(facsimile or electronic) notice shall be required in respect of Servicing Advances required to be made on an emergency or urgent basis;
provided, further, that the Special Servicer shall not be entitled to make such a request (other than for Servicing Advances
required to be made on an urgent or emergency basis) more frequently than once per calendar month (although such request may relate to
more than one Servicing Advance). The Master Servicer may pay the aggregate amount of such Servicing Advances listed on a monthly request
to the Special Servicer, in which case the Special Servicer shall remit such Servicing Advances to the ultimate payees. The Special Servicer
shall have no obligation to make any Servicing Advances; provided that in an urgent or emergency situation requiring the making
of a Servicing Advance, the Special Servicer may make a Servicing Advance in its sole discretion. The Special Servicer shall deliver to
the Master Servicer a request for reimbursement for such Servicing Advance, along with all information and documentation in the Special
Servicer’s possession regarding the subject Servicing Advance as the Master Servicer may reasonably request, and the Master Servicer
shall be obligated, out of such Master Servicer’s own funds, to reimburse the Special Servicer for any unreimbursed Servicing Advances
(other than Nonrecoverable Servicing Advances) made by the Special Servicer pursuant to the terms hereof, together with interest thereon
at the Reimbursement Rate from the date made to, but not including, the date of reimbursement. Such reimbursement and any accompanying
payment of interest shall be made within five (5) Business Days of the written request therefor pursuant to the preceding sentence by
wire transfer of immediately available funds to an account designated in writing by the Special Servicer. Upon the Master Servicer’s
reimbursement to the Special Servicer of any Servicing Advance and payment to the Special Servicer of interest thereon, all in accordance
with this Section 3.03, the Master Servicer shall for all purposes of this Agreement be deemed to have made such Servicing
Advance at the same time as the Special Servicer actually made such Servicing Advance, and accordingly, the Master Servicer shall be entitled
to be reimbursed for such Servicing Advance, together with interest thereon at the Reimbursement Rate, at the same time, in the same manner
and to the same extent as the Master Servicer would otherwise have been entitled if it had actually made such Servicing Advance at the
time the Special Servicer did. Notwithstanding the foregoing provisions of this Section 3.03(c), the Master Servicer shall
not be required to reimburse the Special Servicer out of its own funds for, or to make at the direction of the Special Servicer, any Servicing
Advance if the Master Servicer determines in its reasonable judgment that such Servicing Advance, although not characterized by the Special
Servicer as a Nonrecoverable Servicing Advance, is in fact a Nonrecoverable Servicing Advance. The Master Servicer shall notify the Special
Servicer in writing of such determination and, if applicable, such Nonrecoverable Servicing Advance shall instead be reimbursed to the
Special Servicer pursuant to Section 3.05 of this Agreement.

Any request by the Special
Servicer that the Master Servicer make a Servicing Advance shall be deemed to be a determination by the Special Servicer that such requested
Servicing Advance is not a Nonrecoverable Servicing Advance, and the Master Servicer shall be entitled to conclusively rely on such determination,
provided that the determination shall not be binding on the Master Servicer or Trustee. On the first Business Day after the Determination
Date for the related Distribution Date, the Special Servicer shall report to the Master Servicer if the

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Special Servicer determines any Servicing Advance
previously made by the Master Servicer with respect to a Specially Serviced Loan or REO Loan is a Nonrecoverable Servicing Advance. The
Master Servicer shall be entitled to conclusively rely on such a determination, and such determination shall be binding upon the Master
Servicer, but shall in no way limit the ability of the Master Servicer in the absence of such determination to make its own determination
that any Advance is a Nonrecoverable Advance. If the Special Servicer makes a determination that only a portion of, and not all of, any
previously made or proposed Servicing Advance is a Nonrecoverable Advance, the Master Servicer shall have the right to make its own subsequent
determination that any remaining portion of any such previously made or proposed Servicing Advance is a Nonrecoverable Advance. All such
Advances shall be reimbursable in the first instance from related collections from the Mortgagors and further as provided in Section 3.05(a).
No costs incurred by the Master Servicer or the Special Servicer in effecting the payment of real estate taxes, assessments and, if applicable,
ground rents on or in respect of the Mortgaged Properties shall, for purposes hereof, including, without limitation, the Certificate Administrator’s
calculation of monthly distributions to Certificateholders and the RR Interest Owners, be added to the unpaid principal balances of the
related Mortgage Loans or any related Serviced Companion Loan, if applicable, notwithstanding that the terms of such Mortgage Loans or
related Serviced Companion Loan, if applicable, so permit. If the Master Servicer fails to make any required Servicing Advance as and
when due (including any applicable cure periods), to the extent the Trustee has actual knowledge of such failure, the Trustee shall make
such Servicing Advance pursuant to Section 7.05. Notwithstanding anything herein to the contrary, no Servicing Advance shall
be required hereunder if such Servicing Advance would, if made or previously made, constitute a Nonrecoverable Servicing Advance. In addition,
the Master Servicer shall consider Unliquidated Advances in respect of prior Servicing Advances for purposes of nonrecoverability determinations.
The Special Servicer shall have no obligation to make any Servicing Advances under this Agreement.

Notwithstanding anything
to the contrary contained in this Section 3.03(c), the Master Servicer may in its good faith judgment elect (but shall not
be required unless directed by the Special Servicer with respect to Specially Serviced Loans and REO Loans) to make a payment from amounts
on deposit in the Collection Account (or any Companion Distribution Account maintained as a subaccount thereof by a Companion Paying Agent,
if applicable) (which shall be deemed first made from amounts distributable as principal and then from all other amounts
comprising general collections) to pay for certain expenses set forth below notwithstanding that the Master Servicer (or Special Servicer,
as applicable) has determined that a Servicing Advance with respect to such expenditure would be a Nonrecoverable Servicing Advance (unless,
with respect to Specially Serviced Loans or REO Loans, the Special Servicer has notified the Master Servicer to not make such expenditure),
where making such expenditure would prevent (i) the related Mortgaged Property from being uninsured or being sold at a tax sale or
(ii) any event that would cause a loss of the priority of the lien of the related Mortgage, or the loss of any security for the related
Mortgage Loan or Serviced Companion Loan(s); provided that in each instance, the Master Servicer or the Special Servicer, as applicable,
determines in accordance with the Servicing Standard (as evidenced by an Officer’s Certificate delivered to the Trustee) that making
such expenditure is in the best interest of the Certificateholders and the RR Interest Owners (and, if applicable, the Companion Holders),
all as a collective whole (taking into account the subordinate or pari passu nature of any Companion Loans, as applicable). The
Master Servicer or Trustee may elect to obtain reimbursement of Nonrecoverable Servicing Advances from the Trust pursuant to

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the terms of Section 3.17(c). The
parties acknowledge that pursuant to the applicable Non-Serviced PSA, the applicable Non-Serviced Master Servicer is obligated to
make servicing advances with respect to the related Non-Serviced Whole Loan. The applicable Non-Serviced Master Servicer shall
be entitled to reimbursement for Nonrecoverable Servicing Advances with respect to such Non-Serviced Whole Loan (with, in each case,
any accrued and unpaid interest thereon provided for under the applicable Non-Serviced PSA) in the manner set forth in the applicable
Non-Serviced PSA and the applicable Non-Serviced Intercreditor Agreement.

(d)              
In connection with its recovery of any Servicing Advance out of the Collection Account (or any Companion Distribution Account maintained
as a subaccount thereof by the Companion Paying Agent, if applicable) pursuant to Section 3.05(a), the Trustee, the Special
Servicer and then the Master Servicer, as the case may be and in that order, shall be entitled to receive, out of any amounts then on
deposit in the Collection Account interest at the Reimbursement Rate in effect from time to time, accrued on the amount of such Servicing
Advance from the date made to, but not including, the date of reimbursement. Subject to Section 3.17(c), the Master Servicer
shall reimburse itself, the Special Servicer or the Trustee, as the case may be, for any outstanding Servicing Advance as soon as practically
possible after funds available for such purpose are deposited in the Collection Account (or any Companion Distribution Account maintained
as a subaccount thereof by the Companion Paying Agent, if applicable) subject to the Master Servicer’s or the Trustee’s options
and rights to defer recovery of such amounts as provided herein; provided, however, that such Master Servicer’s or
Trustee’s options and rights to defer recovery of such amounts shall not alter the Master Servicer’s obligation to reimburse
the Special Servicer for any outstanding Servicing Advance as provided for in this sentence. To the extent amounts on deposit in the Companion
Distribution Account with respect to the related Companion Loan are insufficient for any such reimbursement, the Master Servicer shall
use efforts in accordance with the Servicing Standard to enforce the rights of the holder of the related Mortgage Loan under the related
Intercreditor Agreement to obtain any reimbursement available from the holder of the related Companion Loan.

(e)              
To the extent an operations and maintenance plan is required to be established and executed pursuant to the terms of a Mortgage
Loan (other than a Non-Serviced Mortgage Loan), the Master Servicer shall request from the Mortgagor written confirmation thereof
within a reasonable time after the later of the Closing Date and the date as of which such plan is required to be established or completed.
To the extent any repairs, capital improvements, actions or remediations are required to have been taken or completed pursuant to the
terms of the Mortgage Loan (other than a Non-Serviced Mortgage Loan), the Master Servicer shall request from the Mortgagor written
confirmation of such actions and remediations within a reasonable time after the later of the Closing Date and the date as of which such
action or remediations are required to be or to have been taken or completed. To the extent a Mortgagor shall fail to promptly respond
to any inquiry described in this Section 3.03(e), the Master Servicer shall report any such failure to the Special Servicer
within a reasonable time after the date as of which such actions or remediations are required to be or to have been taken or completed.

Section 3.04       
The Collection Account, the Lower-Tier REMIC Distribution Account, the Upper-Tier REMIC Distribution Account, the Companion
Distribution Account, the Interest Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Reserve
Account and the VRR Interest Distribution Account. (a) The Master Servicer

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shall establish and maintain, or cause to be
established and maintained, a Collection Account in which the Master Servicer shall deposit or cause to be deposited and in no event later
than the second Business Day following receipt of properly identified funds (in the case of payments by Mortgagors or other collections
on the Mortgage Loans or Companion Loans), except as otherwise specifically provided herein, the following payments and collections received
or made by or on behalf of it subsequent to the Cut-off Date (other than in respect of principal and interest on the Mortgage Loans
or Companion Loans due and payable on or before the Cut-off Date, which payments shall be delivered promptly to the appropriate Mortgage
Loan Seller or its respective designee and other than any amounts received from Mortgagors which are received in connection with the purchase
of defeasance collateral), or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable
to a period subsequent thereto:

(i)               
all payments on account of principal, including Principal Prepayments on the Mortgage Loans or principal prepayments on Serviced
Companion Loans;

(ii)               all
payments on account of interest on the Mortgage Loans or the Serviced Companion Loans, including Prepayment Premiums, Yield Maintenance
Charges and Default Interest;

(iii)              late payment charges and other Penalty Charges to the extent required to offset interest on Advances and additional expenses of
the Trust (including Special Servicing Fees, Workout Fees or Liquidation Fees) as required by Section 3.11(d);

(iv)              all
Insurance and Condemnation Proceeds and Liquidation Proceeds (other than Gain-on-Sale Proceeds or Non-Serviced Gain-on-Sale Proceeds)
received in respect of any Mortgage Loan, Serviced Companion Loan or REO Property (other than (A) Liquidation Proceeds that are
received in connection with the purchase by the Master Servicer, the Special Servicer, the Holders of the majority of the Controlling
Class, or the Holders of the Class R Certificates of all the Mortgage Loans and any REO Properties in the Trust Fund and that
are to be deposited in the Lower-Tier REMIC Distribution Account pursuant to Section 9.01 and (B) any proceeds
that are received in connection with the purchase, if any, of a Serviced Pari Passu Companion Loan from a securitization by the related
Mortgage Loan Seller, which shall be paid directly to the servicer of such securitization) together with any recovery of Unliquidated
Advances in respect of the related Mortgage Loans;

(v)                any amounts required to be transferred from the REO Account pursuant to Section 3.14(c);

(vi)             any
amounts required to be deposited by the Master Servicer pursuant to Section 3.06 in connection with losses incurred with
respect to Permitted Investments of funds held in the Collection Account; and

(vii)            any
amounts required to be deposited by the Master Servicer or the Special Servicer pursuant to Section 3.07(b) in connection
with losses resulting from a deductible clause in a blanket hazard or master single interest policy.

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Notwithstanding the foregoing
requirements, the Master Servicer need not deposit into the Collection Account any amount that the Master Servicer would be authorized
to withdraw immediately from such account in accordance with the terms of Section 3.05 and shall be entitled to instead immediately
pay such amount directly to the Person(s) entitled thereto; provided that such amounts shall be applied in accordance with the
terms hereof and shall be reported as if deposited in such Collection Account and then withdrawn.

The foregoing requirements
for deposit in the Collection Account shall be exclusive, it being understood and agreed that, without limiting the generality of the
foregoing, actual payments from Mortgagors in the nature of Escrow Payments, charges for beneficiary statements or demands, assumption
fees, Modification Fees, extension fees, defeasance fees, amounts collected for Mortgagor checks returned for insufficient funds or other
amounts the Master Servicer or the Special Servicer would be entitled to retain as additional servicing compensation need not be deposited
by the Master Servicer in the Collection Account. If the Master Servicer shall deposit in the Collection Account any amount not required
to be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein to the contrary notwithstanding.
Assumption, extension and Modification Fees actually received from Mortgagors on Specially Serviced Loans shall be promptly delivered
to the Special Servicer as additional servicing compensation.

Upon receipt of any of the
foregoing amounts in clauses (i) through (iv) above with respect to any Specially Serviced Loans, the Special Servicer
shall remit within one (1) Business Day such amounts to the Master Servicer for deposit into the Collection Account, in accordance with
this Section 3.04(a). Any such amounts received by the Special Servicer with respect to an REO Property shall be deposited
by the Special Servicer into the REO Account and remitted to the Master Servicer for deposit into the Collection Account, pursuant to
Section 3.14(c). With respect to any such amounts paid by check to the order of the Special Servicer, the Special Servicer
shall endorse without recourse or warranty such check to the order of the Master Servicer and shall promptly deliver any such check to
the Master Servicer by overnight courier. Funds in the Collection Account may only be invested in Permitted Investments in accordance
with the provisions of Section 3.06. As of the Closing Date, the Collection Account for the Master Servicer shall be located
at the offices of Midland Loan Services, a Division of PNC Bank, National Association. The Master Servicer shall give notice to the Trustee,
the Special Servicer, the Certificate Administrator and the Depositor of the new location of the Collection Account prior to any change
thereof.

(b)              
The Certificate Administrator, on behalf of the Trustee, shall establish and maintain (i) the Lower-Tier REMIC Distribution
Account and the Interest Reserve Account in trust for the benefit of the Certificateholders and the RR Interest Owners, (ii) (A)
the Non-VRR Gain-on-Sale Reserve Account (if established) for the benefit of the Non-VRR Certificateholders and (B) the VRR Interest Gain-on-Sale
Reserve Account (if established) for the benefit of the VRR Interest Owners, and the Trustee as Holder of the Lower-Tier Regular Interests,
(iii) the Upper-Tier REMIC Distribution Account for the benefit of the Certificateholders and the RR Interest Owners. The Master
Servicer shall deliver to the Certificate Administrator each month on or before the Master Servicer Remittance Date therein, for deposit
in the Lower-Tier REMIC Distribution Account, that portion of the Aggregate Available Funds attributable to the Mortgage Loans (in
each case, calculated without regard to clauses (a)(iii)(B), (a)(iv), (c) and (d) of the

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definition of Aggregate Available Funds) for
the related Distribution Date, to the extent on deposit in the Collection Account after giving effect to withdrawals of funds pursuant
to Section 3.05(a)(ii).

With respect to each Companion
Loan (excluding any Non-Serviced Companion Loan), the Companion Paying Agent shall establish and maintain the Companion Distribution
Account, which may be a subaccount of the Collection Account, for distributions to each Companion Holder, to be held for the benefit of
the related Companion Holder and shall, within two (2) Business Days following the Companion Paying Agent’s receipt of properly
identified and available funds (to the extent consistent with the related Intercreditor Agreement), deposit in the Companion Distribution
Account any and all amounts received by the Companion Paying Agent that are required by the terms of this Agreement or the applicable
Intercreditor Agreement to be deposited therein; provided, however, that the Companion Paying Agent shall separately track
for each Serviced Companion Loan all amounts deposited with respect to such Serviced Companion Loan. The Master Servicer shall deliver
to the Companion Paying Agent each month, on or before the Master Servicer Remittance Date therein, for deposit in the Companion Distribution
Account, an aggregate amount of immediately available funds, to the extent received with respect to the related Serviced Whole Loan, to
the extent of available funds, equal to the amount to be distributed to the related Companion Holder pursuant to the terms of this Agreement
and the related Intercreditor Agreement. Notwithstanding the preceding, the following provisions shall apply to remittances relating to
the Serviced Companion Loans that have been deposited into an Other Securitization: (1) on each Serviced Whole Loan Remittance Date, the
Master Servicer shall withdraw from the Collection Account (or applicable portion thereof) an aggregate amount equal to all payments and/or
collections actually received on, and payable to, such Serviced Companion Loans prior to such dates; provided, however,
that in no event shall the Master Servicer be required to transfer to the Companion Distribution Account any portion thereof that is payable
or reimbursable to or at the direction of any party to this Agreement under the other provisions of this Agreement and/or the related
Intercreditor Agreement; (2) on each Serviced Whole Loan Remittance Date, the Companion Paying Agent shall make the payments and remittance
described in Section 4.01(j), which payments and remittance shall be made, in each case, on the Serviced Whole Loan Remittance
Date. With respect to any Serviced Whole Loan, in the event the Master Servicer receives any properly identified and available late collections,
the Master Servicer shall remit to the applicable Other Servicer or Other Trustee, within two (2) Business Day following receipt of such
late collections in properly identified and available funds, the amount allocable to such Serviced Pari Passu Companion Loan in accordance
with the terms of this Agreement and the related Intercreditor Agreement.

The Lower-Tier REMIC
Distribution Account, the Upper-Tier REMIC Distribution Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest
Gain-on-Sale Reserve Account, the Interest Reserve Account and the Companion Distribution Account may be subaccounts of a single
Eligible Account, which shall be maintained as a segregated account separate from other accounts.

In addition to the amounts
required to be deposited in the Lower-Tier REMIC Distribution Account pursuant to this Section 3.04, the Master Servicer
shall, as and when required hereunder, deliver to the Certificate Administrator for deposit in the Lower-Tier REMIC Distribution Account:

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(i)                                   any amounts
required to be deposited by the Master Servicer pursuant to Section 3.17(a) as Compensating Interest Payments (other than
the portion of any Compensating Interest Payment allocated to a Serviced Pari Passu Companion Loan) in connection with Prepayment Interest
Shortfalls;

(ii)                                any
P&I Advances required to be made by the Master Servicer in accordance with Section 4.03;

(iii)                            any
Liquidation Proceeds paid by the Master Servicer, the Special Servicer, the Holders of the Controlling Class or the Holders of the Class R
Certificates in connection with the purchase of all of the Mortgage Loans and any REO Properties in the Trust Fund pursuant to Section 9.01
(exclusive of that portion thereof required to be deposited in the Collection Account pursuant to Section 9.01);

(iv)                             any
Prepayment Premiums and Yield Maintenance Charges with respect to the Mortgage Loans actually collected; and

(v)                                any other amounts required to be so delivered for deposit in the Lower-Tier REMIC Distribution Account pursuant to any provision
of this Agreement.

If, as of the close of business
(New York City time) on any Master Servicer Remittance Date or on such other date as any amount referred to in the foregoing clauses (i)
through (v) the Master Servicer shall not have delivered to the Certificate Administrator for deposit in the Lower-Tier REMIC Distribution
Account, the amounts required to be deposited therein pursuant to the provisions of this Agreement (including any P&I Advance with
respect to the Mortgage Loans, pursuant to Section 4.03(a) hereof), the Master Servicer shall pay the Certificate Administrator
interest on such late payment at the Prime Rate from and including the date such payment was required to be made (without regard to any
Grace Period set forth in Section 7.01(a)(i)) until (but not including) the date such late payment is received by the Certificate
Administrator.

The Certificate Administrator
shall, upon receipt, deposit in the Lower-Tier REMIC Distribution Account any and all amounts received by the Certificate Administrator
that are required by the terms of this Agreement to be deposited therein.

Promptly on each Distribution
Date, the Certificate Administrator shall be deemed to withdraw from the Lower-Tier REMIC Distribution Account and deposit in the
Upper-Tier REMIC Distribution Account an aggregate amount of immediately available funds equal to the Lower-Tier Distribution
Amount and the amount of any Prepayment Premiums and Yield Maintenance Charges for such Distribution Date allocated in payment of the
Lower-Tier Regular Interests as specified in Section 4.01(c) and Section 4.01(e), respectively.

Funds on deposit in the Non-VRR
Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Reserve Account, the Interest Reserve Account, the Upper-Tier
REMIC Distribution Account or the Lower-Tier REMIC Distribution Account shall not be invested for so long as Computershare Trust Company,
National Association is the Certificate Administrator; provided, however, that if, at any time, Computershare Trust Company,
National Association is no longer the Certificate Administrator, such funds may be invested and, if invested, shall be invested by,

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and at the risk of, the Certificate Administrator,
in Permitted Investments selected by the party hereunder that maintains such account which shall mature, unless payable on demand, not
later than such time on the Distribution Date which will allow the Certificate Administrator to make withdrawals from the Distribution
Account, and any such Permitted Investment shall not be sold or disposed of prior to its maturity unless payable on demand. All such Permitted
Investments shall be made in the name of “[name of successor certificate administrator], as Certificate Administrator, for the benefit
of Wilmington Trust, National Association, as Trustee for the Holders of the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 as their interests may appear”, or in the name of any successor trustee, as Trustee for the Holders
of the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36 as their interests may appear.
None of the Trust, the Depositor, the Mortgagors, the Master Servicer or the Special Servicer shall be liable for any loss incurred on
such Permitted Investments.

An amount equal to all income
and gain realized from any such investment shall be paid to the Certificate Administrator as additional compensation and shall be subject
to its withdrawal at any time from time to time. The amount of any losses incurred in respect of any such investments shall be for the
account of the Certificate Administrator which shall deposit the amount of such loss (to the extent not offset by income from other investments)
in the Distribution Accounts, as the case may be, out of its own funds immediately as realized. If the Certificate Administrator deposits
in or transfers to the Distribution Accounts, as the case may be, any amount not required to be deposited therein or transferred thereto,
it may at any time withdraw such amount or retransfer such amount from the Distribution Accounts, as the case may be, any provision herein
to the contrary notwithstanding.

As of the Closing Date, the
Interest Reserve Account, the Upper-Tier REMIC Distribution Account and the Lower-Tier REMIC Distribution Account shall be located
at the offices of the Certificate Administrator. The Certificate Administrator shall give notice to the Trustee, the Master Servicer and
the Depositor of the proposed location of the Interest Reserve Account, the Upper-Tier REMIC Distribution Account, the Lower-Tier
REMIC Distribution Account, and, if established, the Non-VRR Gain-on-Sale Reserve Account and the VRR Interest Gain-on-Sale
Reserve Account, prior to any change thereof.

For the avoidance of doubt,
the Collection Account (other than the Companion Distribution Account, if it is a sub-account of the Collection Account), the Lower-Tier
REMIC Distribution Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Reserve Account, any Servicing
Account, the REO Account, and the Interest Reserve Account (including interest, if any, earned on the investment of funds in such accounts)
will be owned by the Lower-Tier REMIC; the Companion Distribution Account (including interest, if any, earned on the investment of
funds in such account) will be owned by the Companion Holders, as applicable; and the Upper-Tier REMIC Distribution Account (including
interest, if any, earned on the investment of funds in such account) will be owned by the Upper-Tier REMIC, each for federal income tax
purposes.

(c)              
[Reserved].

(d)              
[Reserved].

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(e)              
 The Certificate Administrator shall establish (upon notice from the Special Servicer of an event occurring that generates Gain-on-Sale
Proceeds) and maintain (i) the Non-VRR Gain-on-Sale Reserve Account for the benefit of the Non-VRR Certificateholders and (ii) the
VRR Interest Gain-on-Sale Reserve Account for the benefit of the VRR Interest Owners. Each of the Non-VRR Gain-on-Sale
Reserve Account and the VRR Interest Gain-on-Sale Reserve Account shall be maintained as an Eligible Account (or as a subaccount
of an Eligible Account), separate and apart from trust funds for mortgage pass-through certificates of other series administered by
the Certificate Administrator.

Upon the disposition of any
REO Property, in accordance with Section 3.09 or Section 3.16, the Special Servicer will calculate the Gain-on-Sale
Proceeds, if any, realized that are allocable to the Mortgage Loan in connection with such sale and remit such funds to the Master Servicer
who shall then remit such funds to the Certificate Administrator, who shall (i) deposit the Non-VRR Percentage of such funds into the
Non-VRR Gain-on-Sale Reserve Account and (ii) deposit the VRR Percentage of such funds into the VRR Interest Gain-on-Sale
Reserve Account. Any gain on such disposition that is allocable to any related Companion Loan in accordance with the terms of the related
Intercreditor Agreement shall be remitted by the Special Servicer to the Companion Paying Agent for deposit into the Companion Distribution
Account.

(f)               
Any Non-Serviced Gain-on-Sale Proceeds received with respect to any Non-Serviced Mortgage Loan pursuant to the related Non-Serviced
PSA shall be remitted to the Certificate Administrator as follows: (i) the Non-VRR Percentage of such funds for deposit into the
Non-VRR Gain-on-Sale Reserve Account and (ii) the VRR Percentage of such funds for deposit into the VRR Interest Gain-on-Sale
Reserve Account.

(g)              
[Reserved].

(h)              
[Reserved].

(i)                
If any Loss of Value Payments are received in connection with a Material Defect pursuant to or as contemplated by Section 3.05(g)
of this Agreement, the Special Servicer shall establish and maintain one or more accounts (collectively, the “Loss of Value Reserve
Fund”) to be held for the benefit of the Certificateholders and the RR Interest Owners, for purposes of holding such Loss of
Value Payments. Each account that constitutes the Loss of Value Reserve Fund shall be an Eligible Account or a sub-account of an Eligible
Account. The Special Servicer shall, upon receipt, deposit in the Loss of Value Reserve Fund all Loss of Value Payments received by it.
The Certificate Administrator shall, based upon information obtained from the CREFC® reports delivered by the Master Servicer
pursuant to the terms hereof, account for the Loss of Value Reserve Fund as an outside reserve fund within the meaning of Treasury Regulations
Section 1.860G-2(h) and not an asset of any Trust REMIC. Furthermore, for all federal tax purposes, the Certificate Administrator
shall (i) treat amounts paid out of the Loss of Value Reserve Fund through the Collection Account to the Certificateholders as contributed
to and distributed by the Trust REMICs and (ii) treat any amounts paid out of the Loss of Value Reserve Fund through the Collection
Account to a Mortgage Loan Seller as distributions by the Trust to such Mortgage Loan Seller as beneficial owner of the Loss of Value
Reserve Fund. The applicable Mortgage Loan Seller will be the beneficial owner of the Loss of Value Reserve Fund for all federal income
tax purposes, and shall be taxable on all income earned thereon.

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Section 3.05       
Permitted Withdrawals from the Collection Account, the Distribution Accounts and the Companion Distribution Account. (a) The
Master Servicer may, from time to time, make withdrawals from the Collection Account (or the applicable subaccount of the Collection
Account) for any of the following purposes (the following not being an order of priority and without duplication of the same payment
or reimbursement):

(i)               
(A) no later than 4:00 p.m., New York City time, on each Master Servicer Remittance Date, to remit to the Certificate
Administrator for deposit in the Lower-Tier REMIC Distribution Account the amounts required to be remitted pursuant to the first
paragraph of Section 3.04(b) or that may be applied to make P&I Advances pursuant to Section 4.03(a);
and (B) pursuant to the second paragraph of Section 3.04(b), to remit to the Companion Paying Agent for deposit in the
Companion Distribution Account the amounts required to be so deposited with respect to the Companion Loans;

(ii)              
(A) to pay itself (or, with respect to any Transferable Servicing Interest, to pay Midland Loan Services, a Division of PNC
Bank, National Association if Midland Loan Services, a Division of PNC Bank, National Association is no longer the Master Servicer, any
such interest pursuant to Section 3.11(a)) unpaid Servicing Fees in respect of each Mortgage Loan, Companion Loan, Specially
Serviced Loan, and REO Loan, as applicable, the Master Servicer’s rights to payment of Servicing Fees pursuant to this clause (ii)(A)
with respect to any Mortgage Loan, related Serviced Companion Loan, Specially Serviced Loan or REO Loan, as applicable, being limited
to amounts received on or in respect of such Mortgage Loan or related Serviced Companion Loan (whether in the form of payments, Liquidation
Proceeds or Insurance and Condemnation Proceeds) or such REO Loan (whether in the form of REO Revenues, Liquidation Proceeds or Insurance
and Condemnation Proceeds), that are allocable as recovery of interest thereon, (B) to pay the Special Servicer any unpaid Special
Servicing Fees, Liquidation Fees and Workout Fees in respect of each Specially Serviced Loan or REO Loan or Corrected Loan, as applicable,
and any expense incurred by the Special Servicer in connection with performing any inspections pursuant to Section 3.12(a),
remaining unpaid first, out of related REO Revenues, Liquidation Proceeds, Insurance and Condemnation Proceeds and collections
in respect of the related Specially Serviced Loan (provided that, in the case of such payment relating to a Serviced Whole Loan,
such payment shall be made, subject to the terms of the related Intercreditor Agreement (i) with respect to a Serviced Pari Passu
Whole Loan, pro rata and pari passu, from the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion
Loan, in accordance with their respective Stated Principal Balances, or (ii) with respect to a Serviced AB Whole Loan, first,
from the related AB Subordinate Companion Loan, as applicable, and then, pro rata and pari passu, from the related
Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any), in accordance with the respective Stated Principal
Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s)) and then out of general collections on
the Mortgage Loans and REO Properties, (C) to pay the Operating Advisor any unpaid Operating Advisor Fees or Operating Advisor Consulting
Fees in respect of each Mortgage Loan, Specially Serviced Loan or REO Loan (in each case, other than any related Companion Loan), as applicable,
the Operating Advisor’s right to payment of the Operating Advisor Fee or Operating Advisor Consulting Fee pursuant to this clause (ii)(C)
with respect to any Mortgage Loan, Specially Serviced Loan or REO Loan (in each case,

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other than any related Companion Loan),
as applicable, being limited to amounts received on or in respect of such Mortgage Loan (whether in the form of payments, P&I Advances
(solely with respect to the Operating Advisor Fee), Liquidation Proceeds or Insurance and Condemnation Proceeds), Specially Serviced Loan
or REO Loan (whether in the form of REO Revenues, Liquidation Proceeds or Insurance and Condemnation Proceeds), that are allocable as
recovery of interest thereon, and (D) to pay the Asset Representations Reviewer (1) any unpaid Asset Representations Reviewer Fee
in respect of each Mortgage Loan, Specially Serviced Loan or REO Loan (in each case, other than (i) any related Companion Loan, (ii) any
Servicing Shift Whole Loan and (iii) any Non-Serviced Mortgage Loan), as applicable, the Asset Representations Reviewer’s right
to payment of the Asset Representations Reviewer Fee pursuant to this clause (ii)(D)(1) with respect to any Mortgage Loan,
Specially Serviced Loan or REO Loan (in each case, other than (i) any related Companion Loan, (ii) any Servicing Shift Whole
Loan and (iii) any Non-Serviced Mortgage Loan), as applicable, being limited to amounts received on or in respect of such Mortgage Loan
(whether in the form of payments, P&I Advances, Liquidation Proceeds or Insurance and Condemnation Proceeds), Specially Serviced Loan
or REO Loan (whether in the form of REO Revenues, Liquidation Proceeds or Insurance and Condemnation Proceeds), that are allocable as
recovery of interest thereon, or (2) (to the extent such fee is payable as a Trust Fund expense) any unpaid Asset Representations Reviewer
Asset Review Fee payable in connection with any Asset Review that was performed as a result of an Affirmative Asset Review Vote;

(iii)              to
reimburse the Trustee and itself, as applicable (in that order), for unreimbursed P&I Advances, the Master Servicer’s or the
Trustee’s right to reimbursement pursuant to this clause (iii) being limited to amounts received which represent
Late Collections of interest (net of the related Servicing Fee) on and principal of the particular Mortgage Loans and REO Loans with
respect to which P&I Advances were made; provided that with respect to each Serviced Whole Loan, reimbursement of P&I
Advances shall be made only from amounts collected with respect to the related Serviced Mortgage Loan and not from any amounts collected
with respect to any related Serviced Companion Loan (provided that, with respect to any AB Subordinate Companion Loan, the foregoing
shall not limit or otherwise modify the terms of the related Intercreditor Agreement pursuant to which any amounts collected with respect
to the related Whole Loan are allocated to the related Serviced Mortgage Loan and AB Subordinate Companion Loan) prior to reimbursement
from other funds unrelated to such Serviced Whole Loan on deposit in the Collection Account; provided, further, that if
such P&I Advance with respect to a Mortgage Loan becomes a Workout-Delayed Reimbursement Amount, then the maker of such P&I
Advance shall additionally, but without duplication, thereafter be entitled to reimbursement for such P&I Advance from the portion
of general collections and recoveries on or in respect of the Mortgage Loans and REO Properties on deposit in the Collection Account
from time to time that represent collections or recoveries of principal to the extent provided in clause (v) below; and
provided, further, that if such Advance becomes a Nonrecoverable Advance, then such Advance shall be reimbursable pursuant
to clause (v) below;

(iv)              to
reimburse the Trustee, the Special Servicer and itself, as applicable (in that order), for unreimbursed Servicing Advances, the Master
Servicer’s, the Special

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Servicer’s or the Trustee’s
respective rights to receive payment pursuant to this clause (iv) with respect to any Mortgage Loan (other than a Non-Serviced
Mortgage Loan) or any related Companion Loan or any REO Property being limited to, as applicable, related payments, Liquidation Proceeds,
Insurance and Condemnation Proceeds and REO Revenues (provided that, in the case of such reimbursement relating to a Serviced Whole
Loan, such reimbursements shall be made, subject to the terms of the related Intercreditor Agreement (i) with respect to a Serviced
Pari Passu Whole Loan, pro rata and pari passu, from the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu
Companion Loan(s) in accordance with their respective Stated Principal Balances, or (ii) with respect to a Serviced AB Whole Loan,
first, from the related AB Subordinate Companion Loan and then, pro rata and pari passu, from the related
Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any), in accordance with the respective Stated Principal
Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s) (provided that, with respect to any Serviced
AB Subordinate Companion Loan, the foregoing shall not limit or otherwise modify the terms of the related Intercreditor Agreement pursuant
to which any amounts collected with respect to the related Whole Loan are allocated to the related Serviced Mortgage Loan and Serviced
AB Subordinate Companion Loan)), prior to reimbursement from other funds unrelated to such Serviced Whole Loan on deposit in the Collection
Account related to any Mortgage Loan; provided, however, that if such Servicing Advance becomes a Workout-Delayed Reimbursement
Amount, then the maker of such Servicing Advance shall additionally, but without duplication, thereafter be entitled to reimbursement
for such Servicing Advance from the portion of general collections and recoveries on or in respect of the Mortgage Loans and REO Properties
on deposit in the Collection Account from time to time that represent collections or recoveries of principal to the extent provided in
clause (v) below; provided, further, that if such Advance becomes a Nonrecoverable Advance, then such Advance
shall be reimbursable pursuant to clause (v) below;

(v)              
to reimburse the Trustee, the Special Servicer and itself, as applicable (in that order) (1) for Nonrecoverable Advances
first, out of REO Revenues, Liquidation Proceeds and Insurance and Condemnation Proceeds, if any, received on the related Mortgage
Loan and any related Companion Loan (with respect to such Companion Loan, only for Nonrecoverable Servicing Advances made with respect
thereto), then, out of the principal portion of general collections on the Mortgage Loans and REO Properties, then, to
the extent the principal portion of general collections is insufficient and with respect to such excess only, subject to any exercise
of the sole option to defer reimbursement thereof pursuant to Section 3.17(c), out of general collections on the Mortgage
Loans and REO Properties, (2) for Workout-Delayed Reimbursement Amounts, out of the principal portion of the general collections
on the Mortgage Loans and REO Properties net of such amounts being reimbursed pursuant to (1) above; (provided that, in case of
such reimbursement of a Nonrecoverable Servicing Advance relating to a Serviced Whole Loan, such reimbursement shall be made, subject
to the terms of the related Intercreditor Agreement) (i) with respect to a Serviced Pari Passu Whole Loan, pro rata and
pari passu, from the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan(s) in accordance with their
respective Stated Principal Balances, or (ii) with respect to a Serviced AB Whole Loan, first, from the related
AB Subordinate Companion Loan, and then, pro rata and pari passu, from the related Serviced Mortgage Loan and the
related

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Serviced Pari Passu Companion Loan(s)
(if any), in accordance with the respective Stated Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion
Loan(s); and provided, further, that, in case of such reimbursement with respect to Nonrecoverable Servicing Advances relating
to a Serviced Whole Loan, such reimbursement shall be made as described above in this clause (v)(1) and (v)(2),
from funds related to such Serviced Whole Loan prior to reimbursement from other funds unrelated to such Serviced Whole Loan on deposit
in the Collection Account; provided, further, that with respect to a Serviced Mortgage Loan, reimbursement of Nonrecoverable
P&I Advances from funds collected from the related Serviced Whole Loan shall be made only from amounts collected with respect to
such Serviced Mortgage Loan (and not from any amounts collected with respect to the related Serviced Companion Loan(s)), in accordance
with the terms of the related Intercreditor Agreement (provided that, with respect to any AB Whole Loan, the foregoing with respect
to Nonrecoverable Servicing Advances and Nonrecoverable P&I Advances shall not limit or otherwise modify the terms of the related
Intercreditor Agreement pursuant to which any amounts collected with respect to the related Whole Loan, are allocated to the related
Serviced Mortgage Loan and Serviced AB Subordinate Companion Loan, prior to reimbursement from other funds unrelated to such Serviced
Whole Loan on deposit in the Collection Account related to any Mortgage Loan) or (3) to pay itself, with respect to any Mortgage
Loan, any related Companion Loan, if applicable, or REO Property any related earned Servicing Fee that remained unpaid in accordance
with clause (ii) above following a Final Recovery Determination made with respect to such Mortgage Loan or REO Property
and the deposit into the Collection Account of all amounts received in connection therewith;

(vi)               at
such time as it reimburses the Trustee and itself, as applicable (in that order) or any Other Trustee or Other Servicer for a related
securitization trust in respect of any Serviced Pari Passu Companion Loan for (a) any unreimbursed P&I Advance (including
any such P&I Advance that constitutes a Workout-Delayed Reimbursement Amount) pursuant to clause (iii) or clause (v)
above, to pay itself and/or the Trustee or such other servicing party, as applicable, any interest accrued and payable thereon in
accordance with Sections 4.03(d) and 3.11(d), (b) any unreimbursed Servicing Advances (including any such
Servicing Advance that constitutes a Workout-Delayed Reimbursement Amount) pursuant to clause (iv) or clause (v)
above, to pay itself, the Special Servicer or the Trustee, or Other Trustee or Other Servicer as the case may be, any interest accrued
and payable thereon in accordance with Section 3.03(d) and Section 3.11(d) or (c) any Nonrecoverable
Advances pursuant to clause (v) above, to pay itself, the Special Servicer or the Trustee, or Other Trustee or Other Servicer
as the case may be, any interest accrued and payable thereon; provided that in all events, subject to the related Intercreditor
Agreement, interest on P&I Advances on any Serviced Mortgage Loan shall not be paid from funds actually distributable to any related
Serviced Companion Loan, and interest on Servicing Advances on any Serviced Whole Loan shall be paid (i) with respect to a Serviced
Pari Passu Whole Loan, pro rata and pari passu, out of collections on the related Serviced Pari Passu Mortgage Loan and
Serviced Pari Passu Companion Loan(s) in accordance with their respective outstanding principal balances, or (ii) with respect
to a Serviced AB Whole Loan, first, out of collections on the related AB Subordinate Companion Loan and then, pro rata
and pari passu, out of collections on the related Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s)
(if any), in accordance with the respective

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Stated Principal Balances of the related
Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s) (provided that, with respect to any AB Subordinate Companion Loan,
the foregoing shall not limit or otherwise modify the terms of the related Intercreditor Agreement pursuant to which any amounts collected
with respect to the related Whole Loan are allocated to the related Serviced Mortgage Loan and AB Subordinate Companion Loan);

(vii)             to
reimburse itself, the Special Servicer, the Asset Representations Reviewer or the Trustee, as the case may be, for any unreimbursed expenses
reasonably incurred by such Person in respect of any Material Defect giving rise to a repurchase or substitution obligation of the
applicable Mortgage Loan Seller or any other obligation of the Mortgage Loan Seller under Section 6 of the applicable Mortgage
Loan Purchase Agreement, including, without limitation, any expenses arising out of the performance of its duties under Section 2.02
and/or Section 2.03 of this Agreement or out of the enforcement of the repurchase or substitution obligation or any
other obligation of the Mortgage Loan Seller, each such Person’s right to reimbursement pursuant to this clause (vii)
with respect to any Mortgage Loan, being limited to that portion of the Purchase Price, the Loss of Value Payment or Substitution
Shortfall Amount paid with respect to such Mortgage Loan, that represents such expense in accordance with clause (iv) of
the definition of Purchase Price;

(viii)             in
accordance with Section 2.03(f), to reimburse itself or the Special Servicer, as the case may be, first, out of
Liquidation Proceeds, Insurance and Condemnation Proceeds, if any, with respect to the related Mortgage Loan or REO Loan, and then
out of general collections on the Mortgage Loans and REO Properties, for any unreimbursed expense reasonably incurred by such Person
in connection with the performance of its duties under Section 2.02 and/or Section 2.03 of this Agreement
or in connection with the enforcement of the applicable Mortgage Loan Seller’s obligations under Section 6 of the applicable
Mortgage Loan Purchase Agreement, but only to the extent that such expenses are not reimbursable pursuant to clause (vii)
above or otherwise; provided that, in case of such reimbursement out of Liquidation Proceeds, and Insurance and Condemnation Proceeds
described above relating to a Serviced Whole Loan, such reimbursement shall be made, subject to the terms of the related Intercreditor
Agreement (i) with respect to a Serviced Pari Passu Whole Loan, pro rata and pari passu, from the related Serviced
Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan(s) in accordance with their respective Stated Principal Balances or (ii) with
respect to a Serviced AB Whole Loan, first, from the related AB Subordinate Companion Loan, and then, pro rata and
pari passu, from the related Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any), in accordance
with the respective Stated Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s) (provided
that, with respect to any AB Subordinate Companion Loan, the foregoing shall not limit or otherwise modify the terms of the related
Intercreditor Agreement pursuant to which any amounts collected with respect to the related Whole Loan are allocated to the related Serviced
Mortgage Loan and AB Subordinate Companion Loan), in each case, prior to being payable out of general collections with respect to the
Mortgage Loans;

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(ix)               to pay for costs and expenses incurred by the Trust pursuant to Section 3.09(c) first, out of REO Revenues,
Liquidation Proceeds, Insurance and Condemnation Proceeds with respect to the related Mortgage Loan, Serviced Companion Loan or REO Loan
and then out of general collections on the Mortgage Loans and REO Properties; provided that, in case of such reimbursement
relating to a Serviced Whole Loan, such reimbursement shall be made, subject to the terms of the related Intercreditor Agreement (i) with
respect to a Serviced Pari Passu Whole Loan, pro rata and pari passu, from the related Serviced Pari Passu Mortgage Loan
and Serviced Pari Passu Companion Loan(s) in accordance with their respective Stated Principal Balances or (ii) with respect to
a Serviced AB Whole Loan, first, from the related AB Subordinate Companion Loan (if any) and then, pro rata and
pari passu, from the related Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any), in accordance
with the respective Stated Principal Balances of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s) (provided
that, with respect to any AB Subordinate Companion Loan, the foregoing shall not limit or otherwise modify the terms of the related
Intercreditor Agreement pursuant to which any amounts collected with respect to the related Whole Loan are allocated to the related Serviced
Mortgage Loan and AB Subordinate Companion Loan), in each case, prior to being payable out of general collections with respect to the
Mortgage Loan;

(x)              
 to pay itself, as additional servicing compensation in accordance with Section 3.11(a), (a) (1) interest
and investment income earned in respect of amounts relating to the Trust Fund held in the Collection Account and the Companion Distribution
Account as provided in Section 3.06(b) (but only to the extent of the Net Investment Earnings with respect to the Collection
Account and the Companion Distribution Account for the period from and including the prior Distribution Date to and including the Master
Servicer Remittance Date related to such Distribution Date), (2) Penalty Charges (other than Penalty Charges collected while the
related Mortgage Loan and any related Serviced Companion Loan is a Specially Serviced Loan), but only to the extent collected from the
related Mortgagor and to the extent that all amounts then due and payable with respect to the related Mortgage Loan and any related Serviced
Companion Loan have been paid and such Penalty Charges are not needed to pay interest on Advances or costs and expenses incurred by the
Trust (including Special Servicing Fees, Liquidation Fees and Workout Fees) in accordance with Section 3.11(d) and (3)
the difference, if positive, between Prepayment Interest Excess and Prepayment Interest Shortfalls collected on the Mortgage Loans (other
than the Non-Serviced Mortgage Loans) and any Serviced Companion Loan, during the related Collection Period to the extent not required
to be paid as Compensating Interest Payments; and (b) to pay the Special Servicer, as additional servicing compensation in accordance
with Section 3.11(c), Penalty Charges collected on Specially Serviced Loans (but only to the extent collected from the
related Mortgagor and to the extent that all amounts then due and payable with respect to the related Specially Serviced Loan have been
paid and such Penalty Charges are not needed to pay interest on Advances or costs and expenses incurred by the Trust (including Special
Servicing Fees, Liquidation Fees and Workout Fees) in accordance with Section 3.11(d));

(xi)               to
recoup any amounts deposited in the Collection Account in error;

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(xii)             to
pay itself, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer or any of their respective
directors, officers, members, managers, employees and agents, or CREFC®, as the case may be, out of general collections,
any amounts payable to any such Person pursuant to Section 3.11(g), Section 3.18(h), Section 6.04(a)
or Section 6.04(b); provided that, in case of such reimbursement (other than a reimbursement of any amounts
payable to CREFC®) relating to a Serviced Whole Loan, such reimbursement shall be made, subject to the terms of the related
Intercreditor Agreement (i) with respect to a Serviced Pari Passu Whole Loan, pro rata and pari passu, from the
related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan(s) in accordance with their respective Stated Principal
Balances or (ii) with respect to a Serviced AB Whole Loan, first, from the related AB Subordinate Companion Loan (if any),
and then, pro rata and pari passu, from the related Serviced Mortgage Loan and the related Serviced Pari Passu Companion
Loan(s) (if any), in accordance with the respective Stated Principal Balances of the related Serviced Mortgage Loan and Serviced Pari
Passu Companion Loan(s) (provided that, with respect to any AB Subordinate Companion Loan, the foregoing shall not limit or otherwise
modify the terms of the related Intercreditor Agreement pursuant to which any amounts collected with respect to the related Whole Loan
are allocated to the related Serviced Mortgage Loan and AB Subordinate Companion Loan), in each case, prior to being payable out of general
collections with respect to the Mortgage Loans;

(xiii)           to
pay for (a) the cost of the Opinions of Counsel contemplated by Sections 3.09(b), 3.14(a), 3.15(b),
Section 3.18(b), Section 3.18(c), 3.18(g) and 10.01(f) to the extent payable out of the Trust
Fund, (b) the cost of any Opinion of Counsel contemplated by Sections 13.01(a) or Section 13.01(c)
in connection with an amendment to this Agreement requested by the Trustee or the Master Servicer, which amendment is in furtherance
of the rights and interests of Certificateholders and the RR Interest Owners and (c) the cost of obtaining the REO Extension contemplated
by Section 3.14(a); provided that, in case of such reimbursement relating to a Serviced Whole Loan, such reimbursement
shall be made, subject to the terms of the related Intercreditor Agreement (i) with respect to the related Serviced Pari Passu
Whole Loan, pro rata and pari passu, from the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion
Loan(s) in accordance with their respective Stated Principal Balances or (ii) with respect to a Serviced AB Whole Loan, first,
from the related AB Subordinate Companion Loan (if any), and then, pro rata and pari passu, from the related Serviced
Mortgage Loan and the related Serviced Pari Passu Companion Loan(s) (if any), in accordance with the respective Stated Principal Balances
of the related Serviced Mortgage Loan and Serviced Pari Passu Companion Loan(s) (provided that, with respect to any AB Subordinate
Companion Loan, the foregoing shall not limit or otherwise modify the terms of the related Intercreditor Agreement pursuant to which
any amounts collected with respect to the related Whole Loan are allocated to the related Serviced Mortgage Loan and AB Subordinate Companion
Loan), in each case, prior to being payable out of general collections with respect to the Mortgage Loans;

(xiv)            to
pay out of general collections on the Mortgage Loans and the REO Properties any and all federal, state and local taxes imposed on any
Trust REMIC, or any of their assets or transactions, together with all incidental costs and expenses, to the extent

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that none of the Master Servicer, the
Special Servicer, the Certificate Administrator or the Trustee is liable therefor pursuant to Section 10.01(g);

(xv)              to
reimburse the Certificate Administrator out of general collections on the Mortgage Loans and REO Properties for expenses incurred by
and reimbursable to it by the Trust pursuant to Section 10.01(c);

(xvi)             to
pay the applicable Mortgage Loan Seller or any other Person, with respect to each Mortgage Loan, if any, previously purchased by such
Person pursuant to this Agreement, all amounts received thereon subsequent to the date of purchase relating to periods after the date
of purchase; or, in the case of the substitution for a Mortgage Loan by a Mortgage Loan Seller as contemplated by Section 2.03(b),
to pay such Mortgage Loan Seller with respect to the replaced Mortgage Loan all amounts received thereon subsequent to the date of substitution,
and with respect to the related Qualified Substitute Mortgage Loan(s), all Periodic Payments due thereon during or prior to the month
of substitution, in accordance with Section 2.03(b);

(xvii)            to
remit to the Certificate Administrator for deposit in the Interest Reserve Account the amounts required to be deposited in the Interest
Reserve Account pursuant to Section 3.21;

(xviii)           to
reimburse the Operating Advisor for any Operating Advisor Expenses incurred by and reimbursable to it by the Trust pursuant to Section 3.26(i);

(xix)              to
remit to the Companion Paying Agent for deposit into the Companion Distribution Account the amounts required to be deposited pursuant
to Section 3.04(b) without duplication of amounts remitted to the Companion Paying Agent pursuant to clause (i)
above;

(xx)              
 to clear and terminate the Collection Account at the termination of this Agreement pursuant to Section 9.01; and

(xxi)              to
pay for any expenditures to be borne by the Trust pursuant to the third paragraph of Section 3.03(c).

The Master Servicer shall
also be entitled to make withdrawals from time to time, from the Collection Account of amounts necessary for the payments or reimbursement
of amounts required to be paid to the applicable Non-Serviced Master Servicer, the applicable Non-Serviced Special Servicer, the
applicable Non-Serviced Trustee, the applicable Non-Serviced Certificate Administrator or any other applicable party to the applicable
Non-Serviced PSA by the holder of a Non-Serviced Mortgage Loan pursuant to the applicable Non-Serviced Intercreditor Agreement
and the applicable Non-Serviced PSA.

The Master Servicer shall
keep and maintain separate accounting records, on a loan-by-loan and property by property basis when appropriate, for the purpose
of justifying any withdrawal from the Collection Account.

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The Master Servicer shall
pay to the Special Servicer, the Trustee or the Certificate Administrator from the Collection Account amounts permitted to be paid to
it therefrom monthly upon receipt of a certificate of a Servicing Officer of the Special Servicer or a Responsible Officer of the Trustee
or the Certificate Administrator describing the item and amount to which the Special Servicer, the Trustee or the Certificate Administrator
is entitled. The Master Servicer may rely conclusively on any such certificate and shall have no duty to re-calculate the amounts
stated therein. The Special Servicer shall keep and maintain separate accounting for each Specially Serviced Loan and REO Loan, on a loan-by-loan
basis and, when appropriate, on a property-by-property basis, for the purpose of justifying any request for withdrawal from the
Collection Account. Notwithstanding the above, no written certificate is required for a payment of Special Servicing Fees and/or Workout
Fees arising from collections other than the initial collection on a Corrected Loan.

Notwithstanding anything
to the contrary in this Section 3.05 or elsewhere in this Agreement, no amounts payable or reimbursable to the Master Servicer,
the Special Servicer, the Trustee, the Certificate Administrator or the Operating Advisor out of general collections that do not specifically
relate to a Serviced Whole Loan may be reimbursable from amounts that would otherwise be payable to the related Companion Loan(s), as
applicable.

(b)              
The Certificate Administrator may, from time to time, make withdrawals from the Lower-Tier REMIC Distribution Account for any
of the following purposes (the following not being an order of priority):

(i)               
 to be deemed to make deposits of the Lower-Tier Distribution Amount pursuant to Section 4.01(c) and the amount
of any Prepayment Premiums and Yield Maintenance Charges distributable pursuant to Section 4.01(e) in the Upper-Tier REMIC
Distribution Account, and to make distributions on the Class R Certificates in respect of the Class LR Interest pursuant to
Section 4.01(c);

(ii)              
  to pay to the Trustee and the Certificate Administrator or any of their directors, officers, employees and agents,
as the case may be, any amounts payable or reimbursable to any such Person with respect to the Mortgage Loans pursuant to Section 8.05(b);

(iii)               to
pay the Certificate Administrator and the Trustee, the Certificate Administrator Fee and the Trustee Fee, as applicable, as contemplated
by Section 8.05(a) hereof with respect to the Mortgage Loans;

(iv)               to
pay for the cost (without duplication) of the Opinions of Counsel sought by (A) the Trustee or the Certificate Administrator as
provided in clause (vi) of the definition of “Disqualified Organization,” (B) the Trustee, the Certificate
Administrator, the Master Servicer or the Special Servicer as contemplated by Section 3.18(c), (C) the Trustee or
the Certificate Administrator as contemplated by Section 5.08(c) or Section 8.02(ii) to the extent payable
out of the Trust Fund, (D) the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer as contemplated
by Section 10.01(f) or Section 10.01(l) to the extent payable out of the Trust Fund, or (E) the Trustee,
the Certificate Administrator, the Master Servicer or the Special Servicer as

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contemplated by Section 13.01(a)
or Section 13.01(c) in connection with any amendment to this Agreement requested by the Trustee or the Certificate Administrator,
which amendment is in furtherance of the rights and interests of Certificateholders and the RR Interest Owners, in each case, to the extent
not paid pursuant to Section 13.01(g);

(v)                to
pay any and all federal, state and local taxes imposed on the Lower-Tier REMIC or the Upper-Tier REMIC or on the assets or transactions
of any such REMIC, together with all incidental costs and expenses, to the extent none of the Trustee, the Certificate Administrator,
the REMIC Administrator, the Master Servicer or the Special Servicer is liable therefor pursuant to Section 10.01(g);

(vi)               to pay the REMIC Administrator any amounts reimbursable to it pursuant to Section 10.01(c) with respect to the Lower-Tier
REMIC or the Upper-Tier REMIC;

(vii)             to pay to the Master Servicer any amounts deposited by the Master Servicer in the Distribution Accounts not required to be deposited
therein; and

(viii)           to
clear and terminate the Lower-Tier REMIC Distribution Account at the termination of this Agreement pursuant to Section 9.01.

(c)              
[Reserved].

(d)              
The Certificate Administrator shall make, or be deemed to make, withdrawals from the Upper-Tier REMIC Distribution Account
for any of the following purposes:

(i)               
 to make (A) distributions to Certificateholders on each Distribution Date pursuant to Section 4.01 or Section 9.01
of this Agreement (in the case of Holders of the Class R Certificates, in respect of the Class UTR Interest) and the RR Interest Owners
in respect of the RR Interest, as applicable and (B) deposits of the VRR Available Funds and any VRR Retained Prepayment Premiums and
Yield Maintenance Charges into the VRR Interest Distribution Account on each Distribution Date pursuant to Section 4.01 of this
Agreement; and

(ii)              
to clear and terminate the Upper-Tier REMIC Distribution Account at the termination of this Agreement pursuant to Section 9.01.

(e)              
The Certificate Administrator may make withdrawals from the VRR Interest Distribution Account for any of the following purposes:

(i)               
 to make distributions to the VRR Interest Owners on each Distribution Date pursuant to Section 4.01 or Section 9.01
of this Agreement, as applicable;

(ii)                 to recoup any amounts deposited in the VRR Interest Distribution Account in error; and

(iii)              to
clear and terminate the VRR Interest Distribution Account at the termination of this Agreement pursuant to Section 9.01 of this
Agreement.

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(f)               
 Notwithstanding anything herein to the contrary, with respect to any Mortgage Loan, (i) if amounts on deposit in the Collection
Account and the Lower-Tier REMIC Distribution Account are not sufficient to pay the full amount of the Servicing Fee listed in Section 3.05(a)(ii),
the Operating Advisor Fee listed in Section 3.05(a)(ii) and the Certificate Administrator Fee listed in Section 3.05(b)(ii)
and (b)(iii), then the Certificate Administrator Fee shall be paid in full prior to the payment of any Servicing Fees payable under
Section 3.05(a)(ii) and then, after payment of Servicing Fees, the Operating Advisor Fees payable under Section 3.05(a)(ii)
and in the event that amounts on deposit in the Collection Account and the Lower-Tier REMIC Distribution Account are not sufficient
to pay the full amount of such Certificate Administrator Fee, the Certificate Administrator shall be paid based on the amount of such
fees and (ii) if amounts on deposit in the Collection Account are not sufficient to reimburse the full amount of Advances and interest
thereon listed in Sections 3.05(a)(iii), (a)(iv), (a)(v) and (a)(vi), then reimbursements shall be paid
first to the Certificate Administrator and to the Trustee, pro rata, second to the Special Servicer, third
to the Master Servicer and then to the Operating Advisor.

(g)              
If any Loss of Value Payments are deposited into the Loss of Value Reserve Fund with respect to any Mortgage Loan or any related
Serviced REO Property, then the Special Servicer shall promptly (provided that, (1) with respect to clause (iv) below,
the Special Servicer shall have provided notice to the Master Servicer of the occurrence of such Liquidation Event and (2) with respect
to clause (v) below, the Certificate Administrator shall have provided the Master Servicer and the Special Servicer with five
(5) Business Days’ prior notice of such final Distribution Date) transfer such Loss of Value Payments (up to the remaining portion
thereof) from the Loss of Value Reserve Fund to the Master Servicer for deposit into the Collection Account for the following purposes:

(i)                to
reimburse the Master Servicer, the Special Servicer or the Trustee, in accordance with Section 3.05(a) of this Agreement,
for any Nonrecoverable Advance made by such party with respect to such Mortgage Loan or any related Serviced REO Property (together with
any interest on such Advances);

(ii)              to
pay, in accordance with Section 3.05(a) of this Agreement, or to reimburse the Trust for the prior payment of, any expense
or Liquidation Fee relating to such Mortgage Loan or any related Serviced REO Property that constitutes or, if not paid out of such Loss
of Value Payments, would constitute an additional expense of the Trust;

(iii)             to
offset any portion of Non-VRR Realized Losses and VRR Realized Losses that are attributable to such Mortgage Loan or related REO Property,
as the case may be (as calculated without regard to the application of such Loss of Value Payments), incurred with respect to such Mortgage
Loan or any related successor REO Loan;

(iv)             following the occurrence of a Liquidation Event with respect to such Mortgage Loan or any related Serviced REO Property and any
related transfers from the Loss of Value Reserve Fund with respect to the items contemplated by the immediately preceding clauses (i)-(iii)
as to such Mortgage Loan, to cover the items contemplated by the immediately preceding clauses (i)-(iii) in respect of any
other Mortgage Loan or Serviced REO Loan; and

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(v)              On
the final Distribution Date after all distributions have been made as set forth in clauses (i) through (iv) above,
to each Mortgage Loan Seller, its pro rata share, based on the amount that it contributed, net of any amount contributed by such
Mortgage Loan Seller that was used pursuant to clauses (i)-(iii) to offset any portion of Non-VRR Realized Losses and VRR
Realized Losses that are attributable to such Mortgage Loan or related REO Property, as the case may be, additional Trust Fund expenses
or any Nonrecoverable Advances incurred with respect to the Mortgage Loan related to such contribution.

(h)              
Any Loss of Value Payments transferred to the Collection Account pursuant to clauses (g)(i)-(g)(iii) of the prior paragraph
shall be treated as Liquidation Proceeds received by the Trust in respect of the related Mortgage Loan or any successor REO Loan with
respect thereto for which such Loss of Value Payments were received; and any Loss of Value Payments transferred to the Collection Account
pursuant to clause (g)(iv) of the prior paragraph shall be treated as Liquidation Proceeds received by the Trust in respect
of the related Mortgage Loan or REO Loan for which such Loss of Value Payments are being transferred to the Collection Account to cover
an item contemplated by clauses (g)(i)-(g)(iv) of the prior paragraph.

(i)                
The Companion Paying Agent may, from time to time, make withdrawals from the Companion Distribution Account to make distributions
pursuant to Section 4.01(k).

Section 3.06       
Investment of Funds in the Collection Account, the Servicing Accounts and the REO Account. (a) The Master Servicer
may direct any depository institution maintaining the Collection Account, the Companion Distribution Account, or any Servicing Account
(for purposes of this Section 3.06, an “Investment Account”), the Special Servicer may direct any depository institution
maintaining the REO Account or Loss of Value Reserve Fund (also for purposes of this Section 3.06, an “Investment Account”)
to invest or if it is such depository institution, may itself invest, the funds held therein, only in one or more Permitted Investments
bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding
the next succeeding date on which funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than
the depository institution maintaining such account is the obligor thereon and (ii) no later than the date on which funds are required
to be withdrawn from such account pursuant to this Agreement, if the depository institution maintaining such account is the obligor thereon.
All such Permitted Investments shall be held to maturity, unless payable on demand. Any funds held in an Investment Account shall be held
in the name of the Master Servicer or the Special Servicer, as applicable, on behalf of the Trustee (in its capacity as such) for the
benefit of the Certificateholders and the RR Interest Owners. The Master Servicer (in the case of the Collection Account, the Companion
Distribution Account or any Servicing Account maintained by or for the Master Servicer), the Special Servicer (in the case of the REO
Account, Loss of Value Reserve Fund or any Servicing Account maintained by or for the Special Servicer) on behalf of the Trustee, shall
maintain continuous physical possession of any Permitted Investment of amounts in the Collection Account, the Companion Distribution Account,
the Servicing Accounts, Loss of Value Reserve Fund or REO Account, as applicable, that is either (i) a “certificated security,”
as such term is defined in the UCC (such that the Trustee shall have control pursuant to Section 8-106 of the UCC) or (ii) other
property in which a secured party may perfect its security interest by physical possession under the UCC or any other applicable law.
In the case of any Permitted Investment held in the

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form of a “security entitlement”
(within the meaning of Section 8-102(a)(17) of the UCC), the Master Servicer or the Special Servicer, as applicable, shall take
or cause to be taken such action as the Trustee deems reasonably necessary to cause the Trustee to have control over such security entitlement.
In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Master
Servicer (in the case of the Collection Account, the Companion Distribution Account or any Servicing Account maintained by or for the
Master Servicer) or the Special Servicer (in the case of the REO Account, Loss of Value Reserve Fund or any Servicing Account maintained
by or for the Special Servicer) shall:

(i)               
consistent with any notice required to be given thereunder, demand that payment thereon be made on the last day such Permitted
Investment may otherwise mature hereunder in an amount equal to the lesser of (a) all amounts then payable thereunder and (b) the
amount required to be withdrawn on such date; and

(ii)              
demand payment of all amounts due thereunder promptly upon determination by the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee, as the case may be, that such Permitted Investment would not constitute a Permitted Investment in respect
of funds thereafter on deposit in the Investment Account.

(b)              
Interest and investment income realized on funds deposited in the Collection Account, the Companion Distribution Account or any
Servicing Account maintained by or for the Master Servicer to the extent of the Net Investment Earnings, if any, with respect to such
account for the period from and including the prior Distribution Date to and including the Master Servicer Remittance Date related to
the current Distribution Date, shall be for the sole and exclusive benefit of the Master Servicer to the extent (with respect to Servicing
Accounts) not required to be paid to the related Mortgagor and shall be subject to its withdrawal, or withdrawal at its direction, in
accordance with Section 3.03 or Section 3.05(a), as the case may be. Interest and investment income realized on
funds deposited in the REO Account, Loss of Value Reserve Fund or any Servicing Account maintained by or for the Special Servicer, to
the extent of the Net Investment Earnings, if any, with respect to such account for each period from and including any Distribution Date
to and including the immediately succeeding Master Servicer Remittance Date, shall be for the sole and exclusive benefit of the Special
Servicer and shall be subject to its withdrawal in accordance with Section 3.14(c). In the event that any loss shall be incurred
in respect of any Permitted Investment (as to which the Master Servicer or Special Servicer, as applicable, would have been entitled to
any Net Investment Earnings hereunder) directed to be made by the Master Servicer or Special Servicer, as applicable, and on deposit in
any of the Collection Account, the Companion Distribution Account, the Servicing Account, Loss of Value Reserve Fund or the REO Account,
the Master Servicer (in the case of the Collection Account, the Companion Distribution Account or any Servicing Account maintained by
or for the Master Servicer), the Special Servicer (in the case of the REO Account, Loss of Value Reserve Fund or any Servicing Account
maintained by or for the Special Servicer) shall deposit therein, no later than the Master Servicer Remittance Date, without right of
reimbursement, the amount of Net Investment Loss, if any, with respect to such account for the period from and including the prior Distribution
Date to and including the Master Servicer Remittance Date related to the current Distribution Date; provided that neither the Master
Servicer nor the Special Servicer shall be required to deposit any loss on an investment of funds in an Investment Account if such loss
is incurred solely as a result of the insolvency of the federal or state chartered depository institution

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or trust company that holds such Investment
Account, so long as such depository institution or trust company satisfied the qualifications set forth in the definition of Eligible
Account at the time such investment was made (and, with respect to the Master Servicer, such federal or state chartered depository institution
or trust company is not an Affiliate of the Master Servicer unless such depository institution or trust company satisfied the qualification
set forth in the definition of Eligible Account both (x) at the time the investment was made and (y) thirty (30) days prior
to such insolvency).

(c)              
Except as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any Permitted
Investment, or if a default occurs in any other performance required under any Permitted Investment, the Master Servicer may and, upon
the request of Holders of Certificates entitled to a majority of the Voting Rights allocated to any Class shall, take such action as may
be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings.

Section 3.07       
Maintenance of Insurance Policies; Errors and Omissions and Fidelity Coverage. (a) The Master Servicer (with respect
to the Mortgage Loans (other than a Non-Serviced Mortgage Loan) and any related Serviced Companion Loan) shall use its efforts consistent
with the Servicing Standard to cause the Mortgagor to maintain (other than with respect to a Non-Serviced Mortgage Loan), to the extent
required by the terms of the related Mortgage Loan documents, all insurance coverage as is required under the related Mortgage Loan documents
except to the extent that the failure of the related Mortgagor to do so is an Acceptable Insurance Default (and except as provided in
the next sentence with respect to the Master Servicer or Special Servicer, as applicable). If the Mortgagor does not so maintain such
insurance coverage, subject to its recoverability determination with respect to any required Servicing Advance, the Master Servicer (with
respect to the Mortgage Loans (other than a Non-Serviced Mortgage Loan) and any related Serviced Companion Loan) or the Special Servicer
(with respect to REO Properties other than a Non-Serviced Mortgaged Property) shall maintain all insurance coverage as is required
under the related Mortgage (or, in the case of REO Property, in accordance with the Servicing Standard in an amount that is at least equal
to the lesser of (1) the full replacement cost of the improvements on the REO Property, and (2) the outstanding principal balance owing
on the related REO Loan, and in any event, the amount necessary to avoid the operation of any co-insurance provisions), but only in the
event the Trustee has an insurable interest therein and such insurance is available to the Master Servicer or the Special Servicer, as
applicable, and, if available, can be obtained at commercially reasonable rates, as determined ((i) prior to the occurrence and continuance
of any Control Termination Event and (ii) other than with respect to any Excluded Loan, any determination that such insurance coverage
is not available or not available at commercially reasonable rates to be made with the consent of the Directing Certificateholder (or,
with respect to any Serviced AB Whole Loan, prior to the occurrence and continuance of a related AB Control Appraisal Period, with the
consent of the related AB Whole Loan Controlling Holder) by the Master Servicer (with respect to the Mortgage Loans (other than a Non-Serviced
Mortgage Loan) and any related Serviced Companion Loan) or the Special Servicer (with respect to REO Properties other than any Non-Serviced
Mortgaged Property) except to the extent that the failure of the related Mortgagor to do so is an Acceptable Insurance Default as determined
by the Master Servicer (if the Master Servicer and the Special Servicer mutually agree that the Master Servicer will process such default
with respect to a Non-Specially Serviced Loan) or by the Special Servicer (with respect to any Non-Specially Serviced Loan (unless the
Master Servicer and the Special

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Servicer mutually agree that the Master Servicer
will process such default) and with respect to any Specially Serviced Loan); provided, however, that if any Mortgage permits
the holder thereof to dictate to the Mortgagor the insurance coverage to be maintained on such Mortgaged Property, the Master Servicer
or, with respect to REO Property, the Special Servicer, as applicable, shall impose or maintain, as applicable, such insurance requirements
as are consistent with the Servicing Standard taking into account the insurance in place at the closing of the Mortgage Loan; provided,
further, that, with respect to the immediately preceding proviso, the Master Servicer will be obligated to use efforts consistent
with the Servicing Standard to cause the Mortgagor to maintain (or to itself maintain) insurance against property damage resulting from
terrorist or similar acts unless the Mortgagor’s failure is an Acceptable Insurance Default as determined by the Master Servicer
(with respect to a Non-Specially Serviced Loan) or the Special Servicer (with respect to a Specially Serviced Loan) with (in respect of
any Mortgage Loan other than an Excluded Loan and unless a Control Termination Event has occurred and is continuing) the consent of the
Directing Certificateholder or, prior to the occurrence and continuance of an AB Control Appraisal Period, the related AB Whole Loan Controlling
Holder, as applicable) and only in the event the Trustee has an insurable interest therein and such insurance is available to the Master
Servicer or the Special Servicer, as applicable, and, if available, can be obtained at commercially reasonable rates. The Master Servicer
and Special Servicer shall be entitled to rely on insurance consultants (at the applicable servicer’s expense) in determining whether
any insurance is available at commercially reasonable rates. Subject to Section 3.15(a) and the costs of such insurance being
reimbursed or paid to the Special Servicer as provided in the third-to-last sentence of this paragraph, the Special Servicer shall
maintain for each REO Property (other than any Non-Serviced Mortgaged Property) no less insurance coverage than was previously required
of the Mortgagor under the related Mortgage Loan documents unless the Special Servicer determines ((i) prior to the occurrence and
continuance of a Control Termination Event and (ii) (other than with respect to any Excluded Loan) with the consent of the Directing
Certificateholder or, prior to the occurrence and continuance of an AB Control Appraisal Period, the related AB Whole Loan Controlling
Holder, as applicable) that such insurance is not available at commercially reasonable rates or that the Trustee does not have an insurable
interest, in which case the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s determination. All
Insurance Policies maintained by the Master Servicer or the Special Servicer shall (i) contain a “standard” mortgagee
clause, with loss payable to the Master Servicer on behalf of the Trustee (in the case of insurance maintained in respect of Mortgage
Loans (other than any Non-Serviced Mortgage Loan), including any related Serviced Companion Loan, other than REO Properties) or to the
Special Servicer on behalf of the Trustee (in the case of insurance maintained in respect of REO Properties), (ii) be in the name
of the Trustee (in the case of insurance maintained in respect of REO Properties), (iii) include coverage in an amount not less than
the lesser of (x) the full replacement cost of the improvements securing Mortgaged Property or the REO Property, as applicable, and
(y) the outstanding principal balance owing on the related Mortgage Loan (including any related Serviced Companion Loan) or REO Loan,
as applicable, and in any event, the amount necessary to avoid the operation of any co-insurance provisions, (iv) include a replacement
cost endorsement providing no deduction for depreciation (unless such endorsement is not permitted under the related Mortgage Loan documents),
(v) be noncancelable without thirty (30) days prior written notice to the insured party (except in the case of nonpayment, in which
case such policy shall not be cancelled without ten (10) days’ prior notice) and (vi) subject to the first proviso in the second
sentence of this Section 3.07(a), be issued by a Qualified Insurer authorized under applicable law

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to issue such Insurance Policies. Any amounts
collected by the Master Servicer or Special Servicer under any such Insurance Policies (other than amounts to be applied to the restoration
or repair of the related Mortgaged Property or REO Property or amounts to be released to the related Mortgagor, in each case in accordance
with the Servicing Standard and the provisions of the related Mortgage Loan documents) shall be deposited in the Collection Account, subject
to withdrawal pursuant to Section 3.05(a). Any costs incurred by the Master Servicer in maintaining any such Insurance Policies
in respect of Mortgage Loans (including any related Serviced Companion Loan) (other than REO Properties and other than any Non-Serviced
Mortgage Loan) (i) if the Mortgagor defaults on its obligation to do so, shall be advanced by the Master Servicer as a Servicing
Advance (so long as such Advance would not be a Nonrecoverable Advance and if such Advance would be a Nonrecoverable Advance then such
cost shall instead be paid out of the Collection Account) and will be charged to the related Mortgagor and (ii) shall not, for purposes
of calculating monthly distributions to Certificateholders and the RR Interest Owners, be added to the unpaid principal balance of the
related Mortgage Loan and Serviced Companion Loan(s) (if any), notwithstanding that the terms of such Mortgage Loan or Serviced Companion
Loan(s) so permit. Any cost incurred by the Special Servicer in maintaining any such Insurance Policies with respect to REO Properties
shall be an expense of the Trust payable out of the related REO Account pursuant to Section 3.14(c) or, if the amount on deposit
therein is insufficient therefor, advanced by the Master Servicer as a Servicing Advance (so long as such Advance would not be a Nonrecoverable
Advance and if such Advance would be a Nonrecoverable Advance then such cost shall instead be paid out of the Collection Account). The
foregoing provisions of this Section 3.07 shall apply to any Serviced Whole Loan as if it were a single “Mortgage Loan”.
Notwithstanding any provision to the contrary, the Master Servicer shall not be required to maintain, and will not be in default for failing
to obtain, any earthquake or environmental insurance on any Mortgaged Property unless such insurance was required at the time of origination
of the related Mortgage Loan and is currently available at commercially reasonable rates.

Notwithstanding the foregoing,
with respect to the Mortgage Loans (other than a Non-Serviced Mortgage Loan) and any related Serviced Companion Loan that either (x) require
the Mortgagor to maintain “all risk” property insurance (and do not expressly permit an exclusion for terrorism) or (y) contain
provisions generally requiring the applicable Mortgagor to maintain insurance in types and against such risks as the holder of such Mortgage
Loan (including any related Serviced Companion Loan) reasonably requires from time to time in order to protect its interests, the Master
Servicer shall, consistent with the Servicing Standard, (A) monitor in accordance with the Servicing Standard whether the Insurance
Policies for the related Mortgaged Property contain Additional Exclusions (provided that the Master Servicer shall be entitled
to conclusively rely upon the certificate of insurance in determining whether such policies contain Additional Exclusions), (B) request
the Mortgagor to either purchase insurance against the risks specified in the Additional Exclusions or provide an explanation as to its
reasons for failing to purchase such insurance and (C) notify the Special Servicer if it has knowledge that any Insurance Policy
contains Additional Exclusions or if it has knowledge (such knowledge to be based upon the Master Servicer’s compliance with the
immediately preceding clauses (A) and (B) above) that any Mortgagor fails to purchase the insurance requested to be
purchased by the Master Servicer pursuant to clause (B) above. If the Master Servicer (with respect to any Non-Specially Serviced
Loan) or the Special Servicer (with respect to any Specially Serviced Loan) determines in accordance with the Servicing Standard that
such failure is not an Acceptable Insurance Default, the Special Servicer (with respect to any Specially Serviced Loan) shall notify the
Master Servicer

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and the Master Servicer shall use efforts consistent
with the Servicing Standard to cause such insurance to be maintained. The Special Servicer (at the expense of the Trust) shall be entitled
to rely on insurance consultants in making such determinations. The Master Servicer shall be entitled to rely on insurance consultants
(at the expense of such Master Servicer) in determining whether Additional Exclusions exist. Furthermore, the Master Servicer (with respect
to any Non-Specially Serviced Loan) or the Special Servicer (with respect to any Specially Serviced Loan) shall promptly deliver such
conclusions in writing to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website for those Mortgage
Loans that (i) have one of the ten (10) highest outstanding Stated Principal Balances of all of the Mortgage Loans then included
in the Trust or (ii) comprise more than 5% of the outstanding Stated Principal Balance of the Mortgage Loans then included in the
Trust. During the period that the Master Servicer or the Special Servicer, as applicable, is evaluating the availability of such insurance
or waiting for a response from the Directing Certificateholder or the related AB Whole Loan Controlling Holder, as applicable, neither
the Master Servicer nor the Special Servicer will be liable for any loss related to its failure to require the Mortgagor to maintain such
insurance and will not be in default of its obligations as a result of such failure.

(b)              
(i) The Special Servicer shall maintain (or cause to be maintained), fire and hazard insurance on each REO Property (other
than with respect a Non-Serviced Mortgaged Property), to the extent obtainable at commercially reasonable rates and the Trustee has
an insurable interest, in an amount that is at least equal to the lesser of (1) the full replacement cost of the improvements on the REO
Property, and (2) the outstanding principal balance owing on the REO Loan, and in any event, the amount necessary to avoid the operation
of any co-insurance provisions. If the Master Servicer or the Special Servicer shall obtain and maintain a blanket Insurance Policy with
a Qualified Insurer insuring against fire and hazard losses on all of the Mortgage Loans (including any related Serviced Companion Loan,
but excluding any Non-Serviced Mortgage Loan) or REO Properties (other than with respect to a Non-Serviced Mortgaged Property), as
the case may be, required to be serviced and administered hereunder, then, to the extent such Insurance Policy provides protection equivalent
to the individual policies otherwise required, the Master Servicer or the Special Servicer shall conclusively be deemed to have satisfied
its obligation to cause fire and hazard insurance to be maintained on the related Mortgaged Properties or REO Properties. Such Insurance
Policy may contain a deductible clause, in which case the Master Servicer or the Special Servicer shall, if there shall not have been
maintained on the related Mortgaged Property or REO Property a fire and hazard Insurance Policy complying with the requirements of Section 3.07(a),
and there shall have been one or more losses which would have been covered by such Insurance Policy, promptly deposit into the Collection
Account from its own funds the amount of such loss or losses that would have been covered under the individual policy but are not covered
under the blanket Insurance Policy because of such deductible clause to the extent that any such deductible exceeds the deductible limitation
that pertained to the related Mortgage Loan (including any related Serviced Companion Loan), or in the absence of such deductible limitation,
the deductible limitation which is consistent with the Servicing Standard. In connection with its activities as administrator and Master
Servicer of the Mortgage Loans or any Serviced Companion Loans, the Master Servicer agrees to prepare and present, on behalf of itself,
the Trustee and Certificateholders, and the RR Interest Owners claims under any such blanket Insurance Policy in a timely fashion in accordance
with the terms of such policy. The Special Servicer, to the extent consistent with the Servicing Standard, may maintain, earthquake insurance
on REO Properties (other than with respect to a Non-Serviced Mortgaged Property), provided

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coverage is available at commercially reasonable
rates, the cost of which shall be a Servicing Advance.

(ii)              
If the Master Servicer or the Special Servicer shall cause any Mortgaged Property or REO Property to be covered by a blanket, master
single interest or force-placed Insurance Policy with a Qualified Insurer naming the Master Servicer or the Special Servicer on behalf
of the Trustee as the loss payee, then to the extent such Insurance Policy provides protection equivalent to the individual policies otherwise
required, the Master Servicer or the Special Servicer shall conclusively be deemed to have satisfied its obligation to cause such insurance
to be maintained on the related Mortgaged Properties and REO Properties. In the event the Master Servicer or the Special Servicer shall
cause any Mortgaged Property or REO Property to be covered by such blanket, master single interest or force-placed Insurance Policy,
the incremental costs of such insurance applicable to such Mortgaged Property or REO Property (i.e., other than any minimum or standby
premium payable for such policy whether or not any Mortgaged Property or REO Property is covered thereby) shall be paid by the Master
Servicer as a Servicing Advance. Such blanket, master single interest or force-placed policy may contain a deductible clause, in which
case the Master Servicer or the Special Servicer shall, in the event that there shall not have been maintained on the related Mortgaged
Property or REO Property a policy otherwise complying with the provisions of Section 3.07(a), and there shall have been one
or more losses which would have been covered by such policy had it been maintained, deposit into the Collection Account from its own funds
the amount not otherwise payable under the blanket, master single or force-placed interest policy because of such deductible clause,
to the extent that any such deductible exceeds the deductible limitation that pertained to the related Mortgage Loan, including any related
Serviced Companion Loan, or, in the absence of any such deductible limitation, the deductible limitation which is consistent with the
Servicing Standard.

(c)              
Each of the Master Servicer and the Special Servicer shall obtain and maintain at its own expense and keep in full force and effect
throughout the term of this Agreement a blanket fidelity bond and an “errors and omissions” Insurance Policy with a Qualified
Insurer covering the Master Servicer’s and the Special Servicer’s, as applicable, officers and employees acting on behalf
of the Master Servicer and the Special Servicer in connection with its activities under this Agreement. Such amount of coverage shall
be in such form and amount as are consistent with the Servicing Standard. Coverage of the Master Servicer or the Special Servicer under
a policy or bond obtained by an Affiliate of the Master Servicer or the Special Servicer and providing the coverage required by this Section 3.07(c)
shall satisfy the requirements of this Section 3.07(c). The Special Servicer and the Master Servicer shall promptly report
in writing to the Trustee any material changes that may occur in their respective fidelity bonds, if any, and/or their respective errors
and omissions Insurance Policies, as the case may be, and shall furnish to the Trustee copies of all binders and policies or certificates
evidencing that such bonds, if any, and insurance policies are in full force and effect.

(d)              
At the time the Master Servicer determines in accordance with the Servicing Standard that any Mortgaged Property (other than a
Non-Serviced Mortgaged Property) is in a federally designated special flood hazard area (and such flood insurance has been made available),
the Master Servicer shall use efforts consistent with the Servicing Standard to cause the related

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Mortgagor (in accordance with applicable law
and the terms of the Mortgage Loan and related Serviced Companion Loan documents) to maintain, and, if the related Mortgagor shall default
in its obligation to so maintain, shall itself maintain to the extent available at commercially reasonable rates (as determined by the
Master Servicer in accordance with the Servicing Standard and to the extent the Trustee, as mortgagee, has an insurable interest therein),
flood insurance in respect thereof, but only to the extent the related Mortgage Loan (other than a Non-Serviced Mortgage Loan) or related
Serviced Companion Loan permits the mortgagee to require such coverage and the maintenance of such coverage is consistent with the Servicing
Standard. Such flood insurance shall be in an amount equal to the lesser of (i) the unpaid principal balance of the related Mortgage
Loan (and any related Serviced Companion Loan, if applicable), and (ii) the maximum amount of insurance which is available under
the National Flood Insurance Act of 1968, as amended, plus such additional excess flood coverage with respect to the Mortgaged Property,
if any, in an amount consistent with the Servicing Standard. If the cost of any insurance described above is not borne by the Mortgagor,
the Master Servicer shall promptly make a Servicing Advance for such costs.

(e)              
During all such times as any REO Property (other than with respect to a Non-Serviced Mortgaged Property) shall be located in
a federally designated special flood hazard area, the Special Servicer shall cause to be maintained, to the extent available at commercially
reasonable rates (as determined by the Special Servicer (with respect to any Mortgage Loan other than an Excluded Loan and prior to the
occurrence and continuance of a Control Termination Event, with the consent of the Directing Certificateholder) in accordance with the
Servicing Standard), a flood Insurance Policy meeting the requirements of the current guidelines of the Federal Insurance Administration
in an amount representing coverage not less than the maximum amount of insurance which is available under the National Flood Insurance
Act of 1968, as amended. The cost of any such flood insurance with respect to an REO Property shall be an expense of the Trust payable
out of the related REO Account pursuant to Section 3.14(c) or, if the amount on deposit therein is insufficient therefor,
paid by the Master Servicer to the Special Servicer as a Servicing Advance unless determined to be a Nonrecoverable Advance, and if determined
to be a Nonrecoverable Advance, then the Master Servicer shall pay the Special Servicer from the Collection Account.

(f)               
Notwithstanding the foregoing, so long as the long-term debt obligations or the deposit account or claims-paying ability
of the Master Servicer (or its immediate or remote parent) or the Special Servicer (or its immediate or remote parent), as applicable,
is rated at least “A3” by Moody’s or “A-” by Fitch (if rated by Fitch), the Master Servicer (or its public
parent) or the Special Servicer (or its public parent), as applicable, shall be allowed to provide self-insurance with respect to
any of its obligation under this Section 3.07.

(g)              
Each of the Operating Advisor and Asset Representations Reviewer shall obtain and maintain at its own expense and keep in full
force and effect throughout the term of this Agreement an “errors and omissions” insurance policy with a Qualified Insurer
covering losses that may be sustained as a result of an officer’s or employee’s errors or omissions.

Section 3.08       
Enforcement of Due-on-Sale Clauses; Assumption Agreements. (a) As to each Mortgage Loan (other than a Non-Serviced
Mortgage Loan) and any related Serviced Companion Loan that contains a provision in the nature of a “due-on-sale”
clause, which by its terms:

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(i)               
 provides that such Mortgage Loan and any related Companion Loan shall (or may at the mortgagee’s option) become due and
payable upon the sale or other transfer of an interest in the related Mortgaged Property or equity interests in the Mortgagor or principals
of the Mortgagor; or

(ii)              
provides that such Mortgage Loan and any related Companion Loan may not be assumed without the consent of the mortgagee in connection
with any such sale or other transfer;

then, for so long as such Mortgage Loan or
related Serviced Companion Loan is being serviced under this Agreement, the Master Servicer with respect to any Non-Specially Serviced
Loan and as to which such matter is a Master Servicer Decision pursuant to clause (xiv) of the definition thereof, or as to which
such matter is a Major Decision and the Master Servicer and the Special Servicer mutually agree that the Master Servicer will process
such Major Decision in accordance with terms and conditions reasonably agreed to by the Master Servicer and Special Servicer, including
the Special Servicer’s consent (which will be deemed given in accordance with Section 6.08) or the Special Servicer (with
respect to any Specially Serviced Loan or any Non-Specially Serviced Loan as to which such matter is a Major Decision), on behalf of the
Trustee as the mortgagee of record, shall (a) exercise any right such mortgagee of record may have with respect to such Mortgage
Loan or related Companion Loan (x) to accelerate the payments thereon or (y) to withhold its consent to any sale or transfer,
consistent with the Servicing Standard or (b) waive any right to exercise such rights, provided that, (i)(A) if such Mortgage
Loan is not an Excluded Loan and no Control Termination Event shall have occurred and be continuing, the consent (or deemed consent) of
the Directing Certificateholder (or, with respect to any Serviced AB Whole Loan, prior to the occurrence and continuance of a related
AB Control Appraisal Period, the related AB Whole Loan Controlling Holder, to the extent required under the related Intercreditor Agreement)
shall have been obtained by the Special Servicer to the extent required by, and pursuant to the process described under, Section 6.08(a),
(B) if such Mortgage Loan is not an Excluded Loan, a Control Termination Event shall have occurred and be continuing, and no Consultation
Termination Event shall have occurred and be continuing, the Special Servicer shall have consulted with the Directing Certificateholder
if and to the extent required pursuant to Section 6.08(a) and (C) other than with respect to any applicable Excluded Loan,
upon non-binding consultation with the Risk Retention Consultation Parties in accordance with the procedures set forth in Section 6.08;
(provided that in the case of clause (A) and clause (B) such consent shall be deemed given or such consultation shall be deemed
to have occurred, as applicable, if a response to the request for consent or consultation, as the case may be, is not provided within
ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business Days) after
receipt of the Major Decision Reporting Package and in the case of clause (C) such consultation shall be deemed to have occurred, as applicable,
if a response to the request for consultation is not provided within ten (10) Business Days), and (ii) with respect to any Mortgage
Loan (x) with a Stated Principal Balance greater than or equal to $35,000,000, (y) with a Stated Principal Balance greater than
or equal to 5% of the aggregated Stated Principal Balance of the Mortgage Loans then outstanding or (z) together with all other Mortgage
Loans with which it is cross-collateralized or cross-defaulted or together with all other Mortgage Loans with the same Mortgagor (or an
Affiliate thereof), that is one of the ten largest Mortgage Loans outstanding (by Stated Principal Balance), the Master Servicer or the
Special Servicer, as the case may be, prior to consenting to any action, shall obtain, a Rating

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Agency Confirmation from each Rating Agency
and a confirmation of any applicable rating agency that such action will not result in the downgrade, withdrawal or qualification of its
then-current ratings of any class of Serviced Companion Loan Securities (if any) (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25), provided, however, that with respect to subclauses (y) and (z)
of this subclause (ii), such Mortgage Loan shall also have a Stated Principal Balance of at least $10,000,000 for such Rating
Agency Confirmation requirement to apply. Notwithstanding anything herein to the contrary, with respect to any Excluded Loan (regardless
of whether a Control Termination Event has occurred and is continuing), the Special Servicer shall consult with the Operating Advisor,
on a non-binding basis, in connection with the related transactions involving proposed Major Decisions that it is processing or for which
its consent is required and consider alternative actions recommended by the Operating Advisor, in respect thereof, in accordance with
the procedures set forth in Section 6.08 for consulting with the Operating Advisor.

In connection with any request
for a Rating Agency Confirmation from a Rating Agency (or, with respect to any Serviced Companion Loan Securities, the related rating
agencies) pursuant to this Section 3.08(a), the Master Servicer or the Special Servicer that is processing the related action,
as applicable, as the case may be, shall (if not already provided in accordance with Section 3.25 of this Agreement) deliver
a Review Package to the 17g-5 Information Provider (or, with respect to any Serviced Companion Loan Securities, the related 17g-5 information
provider) in accordance with Section 3.25 of this Agreement.

If any Mortgage Loan (other
than a Non-Serviced Mortgage Loan) or related Serviced Companion Loan provides that such Mortgage Loan or related Serviced Companion
Loan may be assumed or transferred without the consent of the mortgagee, provided that certain conditions contained in the related Mortgage
Loan documents are satisfied where no mortgagee discretion is necessary in order to determine if such conditions are satisfied, then for
so long as such Mortgage Loan or related Serviced Companion Loan is being serviced under this Agreement, the Master Servicer (with respect
to all Non-Specially Serviced Loans where such matter is a Master Servicer Decision) and the Special Servicer (with respect to all Specially
Serviced Loans and with respect to Non-Specially Serviced Loans where such matter is a Major Decision), on behalf of the Trustee as the
mortgagee of record, shall determine in accordance with the Servicing Standard whether such conditions have been satisfied.

(b)              
As to each Mortgage Loan (other than a Non-Serviced Mortgage Loan) and any related Serviced Companion Loan that contains a
provision in the nature of a “due-on-encumbrance” clause that by its terms:

(i)                  provides
that such Mortgage Loan and any related Companion Loan shall (or may at the mortgagee’s option) become due and payable upon the
creation of any additional lien or other encumbrance on the related Mortgaged Property or equity interests in the Mortgagor or principals
of the Mortgagor; or

(ii)              requires
the consent of the mortgagee to the creation of any such additional lien or other encumbrance on the related Mortgaged Property or equity
interests in the Mortgagor or principals of the Mortgagor;

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then, for so long as such Mortgage Loan (or
related Serviced Companion Loan) is being serviced under this Agreement, the Master Servicer (with respect to any Non-Specially Serviced
Loan and as to which such matter is a Master Servicer Decision pursuant to clause (xiv) of the definition thereof, or as to which such
matter is a Major Decision and the Master Servicer and the Special Servicer mutually agree that the Master Servicer will process such
Major Decision in accordance with terms and conditions reasonably agreed to by the Master Servicer and Special Servicer, including the
Special Servicer’s consent (which will be deemed given in accordance with Section 6.08) or the Special Servicer (with
respect to any Specially Serviced Loan or any Non-Specially Serviced Loan as to which such matter is a Major Decision), on behalf of the
Trustee as the mortgagee of record, shall (a) exercise any right such mortgagee of record may have with respect to such Mortgage
Loan or related Companion Loan (x) to accelerate the payments thereon or (y) to withhold its consent to the creation of any
additional lien or other encumbrance, consistent with the Servicing Standard or (b) waive its right to exercise such rights, provided
that (i) (A) if such Mortgage Loan is not an Excluded Loan, no Control Termination Event shall have occurred and be continuing and the
matter involves a Major Decision, the consent (or deemed consent) of the Directing Certificateholder (or, with respect to any Serviced
AB Whole Loan, prior to the occurrence and continuance of a related AB Control Appraisal Period, the related AB Whole Loan Controlling
Holder, to the extent required under the related Intercreditor Agreement) shall have been obtained by the Special Servicer to the extent
required by, and pursuant to the process described under, Section 6.08(a), (B) if such Mortgage Loan is not an Excluded Loan,
a Control Termination Event shall have occurred and be continuing, and no Consultation Termination Event shall have occurred and be continuing,
the Special Servicer shall have consulted with the Directing Certificateholder if and to the extent required pursuant to Section 6.08(a)
and (C) other than with respect to any applicable Excluded Loan, upon non-binding consultation with the Risk Retention Consultation Parties
in accordance with the procedures set forth in Section 6.08 (provided that in the case of clause (A) and clause (B)
such consent shall be deemed given or such consultation shall be deemed to have occurred, as applicable, if a response to the request
for consent or consultation, as the case may be, is not provided within ten (10) Business Days (or, if the Directing Certificateholder
and the Special Servicer are affiliates, five (5) Business Days) after receipt of the Major Decision Reporting Package, and in the
case of clause (C) such consultation shall be deemed to have occurred, as applicable, if a response to the request for consultation is
not provided within ten (10) Business Days), and (ii) the Master Servicer or the Special Servicer, as the case may be, has obtained Rating
Agency Confirmation from each Rating Agency and a confirmation of any applicable rating agency that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced Companion Loan Securities (if any) (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25) if such Mortgage Loan (A) has an outstanding principal
balance that is greater than or equal to 2% of the Stated Principal Balance of the outstanding Mortgage Loans or (B) has an LTV Ratio
greater than 85% (including any existing and proposed debt) or (C) has a Debt Service Coverage Ratio less than 1.20x (in each case,
determined based upon the aggregate of the Stated Principal Balance of the Mortgage Loan and related Companion Loan, if any, and the principal
amount of the proposed additional lien) or (D) is one of the ten largest Mortgage Loans (by Stated Principal Balance) or (E) has
a Stated Principal Balance greater than $35,000,000; provided, however, that with respect to subclauses (A),
(B), (C) and (D) of this subclause (ii), such Mortgage Loan shall also have a Stated Principal Balance
of at least

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$10,000,000 for such Rating Agency Confirmation
requirement to apply. Notwithstanding anything herein to the contrary, with respect to any Excluded Loan (regardless of whether a Control
Termination Event has occurred and is continuing), the Special Servicer, shall consult with the Operating Advisor, on a non-binding basis,
in connection with the related transactions involving proposed Major Decisions and consider alternative actions recommended by the Operating
Advisor, in respect thereof, in accordance with the procedures set forth in Section 6.08 for consulting with the Operating
Advisor.

In connection with any request
for a Rating Agency Confirmation from a Rating Agency (or, with respect to any Serviced Companion Loan Securities, the related rating
agencies) pursuant to this Section 3.08(b), the Master Servicer or the Special Servicer that is processing the related action,
as applicable, shall (if not already provided in accordance with Section 3.25 of this Agreement) deliver a Review Package
to the 17g-5 Information Provider (or, with respect to any Serviced Companion Loan Securities, the related 17g-5 information provider)
in accordance with Section 3.25 of this Agreement.

To the extent permitted by
the related Mortgage Loan documents, the Rating Agency Confirmation described in the immediately preceding paragraph or in Section 3.08(a)
shall be an expense of the related Mortgagor; provided that if the Mortgage Loan documents are silent as to who bears the costs
of obtaining any such Rating Agency Confirmation, the Master Servicer or the Special Servicer that is processing the related action, as
applicable, shall use reasonable efforts to make the related Mortgagor bear such costs and expenses. Unless determined to be a Nonrecoverable
Advance such costs not collected from the related Mortgagor shall be advanced as a Servicing Advance.

If any Mortgage Loan or related
Companion Loan provides that such Mortgage Loan or related Companion Loan may be further encumbered without the consent of the mortgagee,
provided that certain conditions contained in the related Mortgage Loan documents are satisfied where no mortgagee discretion is necessary
in order to determine if such conditions are satisfied, then for so long as such Mortgage Loan or related Companion Loan is being serviced
under this Agreement, the Master Servicer (with respect to all Non-Specially Serviced Loans where such matter is a Master Servicer Decision)
and the Special Servicer (with respect to all Specially Serviced Loans and with respect to Non-Specially Serviced Loans where such matter
is a Major Decision), on behalf of the Trustee as the mortgagee of record, shall determine whether such conditions have been satisfied.

Mortgagors may request payment
forbearance because of COVID-19 related financial hardship. The Special Servicer shall be allowed to grant a forbearance on a Mortgage
Loan related to the COVID Emergency if (i) prior to October 1, 2021 (or prior to such later date as may be provided by the IRS in any
future guidance), the period of forbearance granted, when added to any prior periods of forbearance granted before or after the Trust
acquired such Mortgage Loan (whether or not such prior grants of forbearance were specifically covered by Revenue Procedure 2020-26 (as
extended by Revenue Procedure 2021-12 and any future guidance)), does not exceed six months (or such longer period of time as may be allowed
by future guidance that is binding on federal income tax authorities) and such forbearance is specifically covered by Revenue Procedure
2020-26 (as extended by Revenue Procedure 2021-12 and any future guidance), (ii) such forbearance is permitted under another provision
of this Agreement and the requirements

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under such provision are satisfied, or (iii)
an Opinion of Counsel is delivered to the effect that such forbearance will not result in an Adverse REMIC Event.

Any fees or other charges
charged by the Special Servicer in connection with processing any COVID Modification or related COVID Modification Agreement with respect
to any COVID Modified Loan (in the aggregate with any other COVID Modification or COVID Modification Agreement with respect to such COVID
Modified Loan) shall not exceed an amount equal to $45,000.00 (“COVID Modification Fees”) (plus reasonable and customary
attorney’s fees and expenses, out of pocket third party fees and expenses and filing fees) and shall only be borne by the related
Mortgagor, not the Trust.

Upon receiving a request
for any matter described in Section 3.08(a) or this Section 3.08(b) that constitutes a consent or waiver with
respect to a “due-on-sale” or “due-on-encumbrance” clause with respect to a Mortgage Loan that is a Non-Specially
Serviced Loan and other than any transfers or assumptions provided for in clause (xiv) of the definition of Master Servicer Decision and
other than any waiver of a “due-on-encumbrance” clause which waiver constitutes a Master Servicer Decision pursuant to clause
(xiv) of the definition thereof, the Master Servicer shall promptly forward such request to the Special Servicer and the Special Servicer
shall process such request (including, without limitation, interfacing with the Mortgagor) and except as provided in the next sentence,
the related Master Servicer will have no further obligation with respect to such request or due-on-sale or due-on-encumbrance. The Master
Servicer shall continue to cooperate with the Special Servicer by delivering to the Special Servicer any additional information in the
Master Servicer’s possession requested by the Special Servicer relating to such consent or waiver with respect to a “due-on-sale”
or “due-on-encumbrance” clause. Unless the Master Servicer and the Special Servicer mutually agree that the Master Servicer
will process such request with respect to a Mortgage Loan that is not a Specially Serviced Loan in accordance with terms and conditions
reasonably agreed to by the Master Servicer and Special Servicer, including the Special Servicer’s consent (which will be deemed
given in accordance with Section 6.08), the Master Servicer shall not be permitted to process any request relating to such consent or
waiver with respect to a “due-on-sale” or “due-on-encumbrance” clause (other than any transfers or assumptions
provided for in clause (xiv) of the definition of Master Servicer Decision and other than any waiver of a “due-on-encumbrance”
clause which waiver constitutes a Master Servicer Decision pursuant to clause (xiv) of the definition thereof) and shall not be required
to interface with the Mortgagor or provide a written recommendation and analysis with respect to any such request.

Nothing in this Section 3.08
shall constitute a waiver of the Trustee’s right, as the mortgagee of record, to receive notice of any assumption of a Mortgage
Loan, any sale or other transfer of the related Mortgaged Property or the creation of any additional lien or other encumbrance with respect
to such Mortgaged Property.

(c)              
Except as otherwise permitted by Section 3.08(a) and (b) and/or Section 3.18, neither the Master
Servicer nor the Special Servicer shall agree to modify, waive or amend any term of any Mortgage Loan and related Serviced Companion Loan,
as applicable, in connection with the taking of, or the failure to take, any action pursuant to this Section 3.08. The Master
Servicer and the Special Servicer, as applicable, shall provide copies of any final waivers (except with respect to provision of any such
waivers to the 17g-5 Information Provider, exclusive

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of any Privileged Information) it effects pursuant
to Section 3.08(a) or (b) to each other and to the 17g-5 Information Provider with respect to each Mortgage Loan,
and shall notify the Trustee, the Certificate Administrator, each other and, subject to the terms of this Agreement, the 17g-5 Information
Provider (for posting to the 17g-5 Information Provider’s Website in accordance with Section 3.25) and, with respect
to a Whole Loan, the related Serviced Companion Noteholder, of any assumption or substitution agreement executed pursuant to Section 3.08(a)
or (b) and shall forward thereto a copy of such agreement.

(d)              
[Reserved].

(e)              
Notwithstanding any other provision of this Agreement, the Special Servicer may not waive its rights or grant its consent under
any “due-on-sale” or “due-on-encumbrance” clause relating to a Non-Specially Serviced Loan or relating to any
Specially Serviced Loan without ((i) prior to the occurrence and continuance of a Control Termination Event and (ii) other than
with respect to any Excluded Loan) the consent of the Directing Certificateholder (or (i) after the occurrence and during the continuance
of a Control Termination Event and (ii) other than with respect to any Excluded Loan), but prior to a Consultation Termination Event,
upon consultation with the Directing Certificateholder pursuant to Section 6.08 hereof. The Directing Certificateholder shall
have ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business Days)
after receipt of notice along with the Master Servicer’s (if applicable) and the Special Servicer’s recommendation and analysis
with respect to such proposed waiver or proposed granting of consent and any additional information the Directing Certificateholder may
reasonably request from the Special Servicer of a proposed waiver or consent under any “due on sale” or “due-on-encumbrance”
clause in which to grant or withhold its consent (provided that if the Special Servicer fails to receive a response to such notice
from the Directing Certificateholder in writing within such period, then the Directing Certificateholder shall be deemed to have consented
to such proposed waiver or consent).

(f)               
Notwithstanding the foregoing provisions of this Section 3.08, if the Master Servicer or the Special Servicer, as applicable,
makes a determination under Sections 3.08(a) or 3.08(b) hereof that the applicable conditions in the related Mortgage
Loan or Companion Loan documents, as applicable, with respect to assumptions or encumbrances permitted without the consent of the mortgagee
have been satisfied, the applicable assumptions and transfers may be subject to an assumption or other fee, unless such fees are otherwise
prohibited pursuant to the Mortgage Loan documents; provided that any such fee not provided for in the Mortgage Loan documents
does not constitute a “significant” change in yield pursuant to Treasury Regulations Section 1.1001-3(e)(2).

Section 3.09       
Realization Upon Defaulted Loans and Companion Loans. (a) Upon an event of default under the Mortgage Loan documents
related to a Serviced Whole Loan or a Mortgage Loan with mezzanine debt, the Master Servicer shall promptly provide written notice to
the related Companion Holder or mezzanine lender, as applicable, with a copy of such notice to the Special Servicer. The Special Servicer
shall, subject to subsections (b) through (d) of this Section 3.09, Section 3.24, subject to
the Directing Certificateholders’ rights pursuant to Section 6.08, and any Companion Holder or mezzanine lender’s
rights under the related Intercreditor Agreement (in the case of a Serviced Whole Loan, on behalf of the holders of the

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beneficial interest of the related Companion
Loan) or this Agreement, exercise reasonable efforts, consistent with the Servicing Standard, to, at any time, institute foreclosure proceedings,
exercise any power of sale contained in the related Mortgage, obtain a deed in lieu of foreclosure, or otherwise acquire title to the
related Mortgaged Property or comparably convert (which may include an REO Acquisition) the ownership of property securing any such Mortgage
Loan (other than any Non-Serviced Mortgage Loan) and related Companion Loan, if any, as come into and continue in default as to which
no satisfactory arrangements (including by way of a discounted pay-off) can be made for collection of delinquent payments, and which are
not released from the Trust Fund pursuant to any other provision hereof. The foregoing is subject to the provision that, in any case in
which a Mortgaged Property shall have suffered damage from an Uninsured Cause, the Master Servicer or Special Servicer shall not be required
to make a Servicing Advance and expend funds toward the restoration of such property unless the Special Servicer has determined in its
reasonable discretion that such restoration will increase the net proceeds of liquidation of such Mortgaged Property to Certificateholders
and the RR Interest Owners after reimbursement to the Master Servicer or the Special Servicer, as applicable, for such Servicing Advance,
and the Master Servicer or Special Servicer has not determined that such Servicing Advance together with accrued and unpaid interest thereon
would constitute a Nonrecoverable Advance. The costs and expenses incurred by the Special Servicer in any such proceedings shall be advanced
by the Master Servicer; provided that, in each case, such cost or expense would not, if incurred, constitute a Nonrecoverable Servicing
Advance. Nothing contained in this Section 3.09 shall be construed so as to require the Master Servicer or the Special Servicer,
on behalf of the Trust, to make an offer on any Mortgaged Property at a foreclosure sale or similar proceeding that is in excess of the
fair market value of such property, as determined by the Master Servicer or the Special Servicer in its reasonable judgment taking into
account the factors described in Section 3.16(b) and the results of any Appraisal obtained pursuant to the following sentence,
all such offers to be made in a manner consistent with the Servicing Standard. If and when the Special Servicer or the Master Servicer
deems it necessary and prudent for purposes of establishing the fair market value of any Mortgaged Property securing a Defaulted Loan
or any related defaulted Companion Loan, whether for purposes of making an offer at foreclosure or otherwise, the Special Servicer or
the Master Servicer, as the case may be, is authorized to have an Appraisal performed with respect to such property by an Independent
MAI-designated appraiser the cost of which shall be paid by the Master Servicer as a Servicing Advance.

(b)              
The Special Servicer shall not acquire any personal property pursuant to this Section 3.09 unless either:

(i)               
 such personal property is incidental to real property (within the meaning of Section 856(e)(1) of the Code) so acquired by
the Special Servicer; or

(ii)              
the Special Servicer shall have obtained an Opinion of Counsel (the cost of which shall be paid by the Master Servicer as a Servicing
Advance) to the effect that the holding of such personal property by the Trust (to the extent not allocable to the related Companion Loan)
will not cause an Adverse REMIC Event to occur.

(c)              
Notwithstanding the foregoing provisions of this Section 3.09 and Section 3.24, neither the Master Servicer
nor the Special Servicer shall, on behalf of the Trustee, obtain title to a Mortgaged Property in lieu of foreclosure or otherwise, or
take any other action

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with respect to any Mortgaged Property, if,
as a result of any such action, the Trustee, on behalf of the Certificateholders, the RR Interest Owners and/or any related Companion
Holder, would be considered to hold title to, to be a “mortgagee-in-possession” of, or to be an “owner”
or “operator” of such Mortgaged Property within the meaning of CERCLA or any comparable law, unless (as evidenced by an Officer’s
Certificate to such effect delivered to the Trustee) the Special Servicer has previously determined in accordance with the Servicing Standard,
based on an Environmental Assessment of such Mortgaged Property performed by an Independent Person who regularly conducts Environmental
Assessments and performed within six (6) months prior to any such acquisition of title or other action, that:

(i)               
such Mortgaged Property is in compliance with applicable environmental laws or, if not, after consultation with an environmental
consultant, that it would be in the best economic interest of the Certificateholders and the RR Interest Owners (and with respect to any
Serviced Whole Loan, the related Companion Holders), as a collective whole as if such Certificateholders, the RR Interest Owners and,
if applicable, Companion Holders constituted a single lender, to take such actions as are necessary to bring such Mortgaged Property in
compliance with such laws, and

(ii)              
there are no circumstances present at such Mortgaged Property relating to the use, management or disposal of any Hazardous Materials
for which investigation, testing, monitoring, containment, clean-up or remediation could be required under any currently effective federal,
state or local law or regulation, or that, if any such Hazardous Materials are present for which such action could be required, after
consultation with an environmental consultant, it would be in the best economic interest of the Certificateholders and the RR Interest
Owners (and with respect to any Serviced Whole Loan, the Companion Holders), as a collective whole as if such Certificateholders, the
RR Interest Owners and, if applicable, Companion Holders constituted a single lender, to take such actions with respect to the affected
Mortgaged Property.

The cost of any such Environmental
Assessment shall be paid by the Master Servicer as a Servicing Advance and the cost of any remedial, corrective or other further action
contemplated by clause (i) and/or clause (ii) of the preceding sentence shall be paid by the Master Servicer as
a Servicing Advance, unless it is a Nonrecoverable Servicing Advance (in which case it shall be an expense of the Trust and, in the case
of a Serviced Whole Loan, shall be withdrawn in accordance with the related Intercreditor Agreement by the Master Servicer from the Collection
Account, including from the Companion Distribution Account (such withdrawal to be made from amounts on deposit therein that are otherwise
payable on or allocable to such Serviced Whole Loan)); and if any such Environmental Assessment so warrants, the Special Servicer shall,
except with respect to any Companion Loan and any Environmental Assessment ordered after such Mortgage Loan has been paid in full, perform
such additional environmental testing at the expense of the Trust as it deems necessary and prudent to determine whether the conditions
described in clauses (i) and (ii) of the preceding sentence have been satisfied. With respect to Non-Specially
Serviced Loans, the Master Servicer and, with respect to Specially Serviced Loans, the Special Servicer (other than any Non-Serviced
Mortgage Loan) shall review and be familiar with the terms and conditions relating to enforcing claims and shall monitor the dates by
which any claim or action must be taken (including delivering any notices to the insurer and using reasonable efforts to perform any actions
required under such policy) under each environmental insurance policy in

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effect and obtained on behalf of the mortgagee
to receive the maximum proceeds available under such policy for the benefit of the Certificateholders, the RR Interest Owners and the
Trustee (as holder of the Lower-Tier Regular Interests).

(d)              
If (i) the environmental testing contemplated by subsection (c) above establishes that either of the conditions
set forth in clauses (i) and (ii) of subsection (c) above of the first sentence thereof has not been satisfied
with respect to any Mortgaged Property securing a Defaulted Loan and, in the case of a Serviced Mortgage Loan, any related Companion Loan,
and (ii) there has been no breach of any of the representations and warranties set forth in or required to be made pursuant to Section 6
of each of the Mortgage Loan Purchase Agreements for which the applicable Mortgage Loan Seller could be required to repurchase such Defaulted
Loan pursuant to Section 6 of the applicable Mortgage Loan Purchase Agreement, then the Special Servicer shall take such action as
it deems to be in the best economic interest of the Trust (other than proceeding to acquire title to the Mortgaged Property) and is hereby
authorized ((A) prior to the occurrence and continuance of a Control Termination Event (or with respect to any Serviced AB Whole
Loan, after the occurrence and during the continuation of an AB Control Appraisal Period, but prior to the occurrence and continuance
of a Control Termination Event) and (B) other than with respect to any Excluded Loan), with the consent of the Directing Certificateholder
at such time as it deems appropriate to release such Mortgaged Property from the lien of the related Mortgage, provided that, if
such Mortgage Loan has a then-outstanding principal balance of greater than $1,000,000, then prior to the release of the related Mortgaged
Property from the lien of the related Mortgage, (i) the Special Servicer shall have notified in writing the Rating Agencies, the
Trustee, the Certificate Administrator, the Master Servicer and ((A) prior to the occurrence of a Consultation Termination Event
and (B) other than with respect to any Excluded Loan) the Directing Certificateholder and the Risk Retention Consultation Parties,
in writing of its intention to so release such Mortgaged Property and the bases for such intention, (ii) the Certificate Administrator
shall have posted such notice of the Special Servicer’s intention to so release such Mortgaged Property to the Certificate Administrator’s
Website pursuant to Section 3.13(b) and (iii) in addition to the prior written consent of the Directing Certificateholder
as required above, the Holders of Certificates entitled to a majority of the Voting Rights shall have consented or have been deemed to
have consented to such release within thirty (30) days of the Certificate Administrator’s posting such notice to the Certificate
Administrator’s Website (failure to respond by the end of such 30-day period being deemed consent of the Holders of the Certificates).
To the extent any fee charged by any Rating Agency in connection with rendering such written confirmation is not paid by the related Mortgagor,
such fee is to be an expense of the Trust; provided that the Special Servicer shall use commercially reasonable efforts to collect
such fee from the Mortgagor to the extent permitted under the related Mortgage Loan documents.

(e)              
The Special Servicer shall provide written reports and a copy of any Environmental Assessments in electronic format to the Directing
Certificateholder and the Risk Retention Consultation Parties (other than with respect to any Excluded Loan), the Master Servicer and
the 17g-5 Information Provider monthly regarding any actions taken by the Special Servicer with respect to any Mortgaged Property
securing a Defaulted Loan or defaulted Companion Loan as to which the environmental testing contemplated in subsection (c)
above has revealed that either of the conditions set forth in clauses (i) and (ii) of the first sentence thereof has
not been satisfied, in each case until the earlier to occur of satisfaction of both such conditions, repurchase of the

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related Mortgage Loan by the applicable Mortgage
Loan Seller or release of the lien of the related Mortgage on such Mortgaged Property.

(f)               
The Special Servicer shall notify the Master Servicer of any abandoned and/or foreclosed properties which require reporting to
the Internal Revenue Service and shall provide the Master Servicer with all information regarding forgiveness of indebtedness and required
to be reported with respect to any Mortgage Loan or related Companion Loan that is abandoned or foreclosed and the Master Servicer shall
report to the Internal Revenue Service and the related Mortgagor, in the manner required by applicable law, such information and the Master
Servicer shall report, via Form 1099A or Form 1099C (or any successor form), all forgiveness of indebtedness and abandonment
and foreclosure to the extent such information has been provided to the Master Servicer by the Special Servicer. Upon request, the Master
Servicer shall deliver a copy of any such report to the Trustee and the Certificate Administrator.

(g)              
The Special Servicer shall have the right to determine, in accordance with the Servicing Standard, the advisability of the maintenance
of an action to obtain a deficiency judgment if the state in which the Mortgaged Property is located and the terms of the Mortgage Loan
(and if applicable, the related Companion Loan) permit such an action.

(h)              
The Special Servicer shall maintain accurate records, prepared by one of its Servicing Officers, of each Final Recovery Determination
in respect of a Defaulted Loan (other than with respect to a Non-Serviced Mortgage Loan) or defaulted Companion Loan or any REO Property
(other than any Non-Serviced Mortgaged Property) and the basis thereof. Each Final Recovery Determination shall be evidenced by an Officer’s
Certificate promptly delivered to the Trustee, the Certificate Administrator, the Directing Certificateholder (other than with respect
to any Excluded Loan) and the Master Servicer and in no event later than the next succeeding P&I Advance Determination Date.

(i)                
The Special Servicer shall not foreclose upon or otherwise cause the Trust to acquire ownership of any collateral (other than “foreclosure
property” within the meaning of the REMIC Provisions) on behalf of any Trust REMIC unless (i) it receives an Opinion of Counsel
(the cost of which shall be paid by the Servicer as a Servicing Advance unless the Servicer determines that such Servicing Advance would
constitute a Nonrecoverable Advance) to the effect that such acquisition will not cause the imposition of a tax on any Trust REMIC (other
than a tax on “net income from foreclosure property” under Code Section 860G(c)) under the REMIC Provisions or cause any Trust
REMIC to fail to qualify as a REMIC at any time that the Certificates are outstanding, or (ii) in the case of the membership interests
in a partnership or limited liability company only, both (A) the Special Servicer obtains all of the equity interests in such partnership
or limited liability company so that such entity becomes disregarded as an entity separate from the holder of such equity for income tax
purposes and (B) the assets of such entity consists of “foreclosure property” within the meaning of Section 860G(a)(8) of
the Code (determined without regard to the exception applicable for purposes of Section 860D(a) of the Code). Notwithstanding the foregoing,
the Special Servicer may, on behalf of the Trust Fund but not on behalf of any Trust REMIC, obtain title to membership interests in a
partnership or limited liability company for which the foregoing requirements are not satisfied; provided, in which event such membership
interests shall be deemed not to be an asset of any Trust REMIC and all amounts received with respect to such membership interests or
the sale of such membership interests shall be (i) treated as payable

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to the Trust REMICs as credit enhancement amounts
within the meaning of the REMIC Provisions or (ii) applied towards the repayment of the collateral.

Section 3.10       
Trustee and Custodian to Cooperate; Release of Mortgage Files. (a) Upon the payment in full of any Mortgage Loan (other
than a Non-Serviced Mortgage Loan), or the receipt by the Master Servicer or the Special Servicer, as the case may be, of a notification
that payment in full shall be escrowed in a manner customary for such purposes, the Master Servicer or Special Servicer, as the case may
be, will promptly notify the Trustee and the Custodian and request delivery of the related Mortgage File. Any such notice and request
shall be in the form of a Request for Release signed by a Servicing Officer and shall include a statement to the effect that all amounts
received or to be received in connection with such payment which are required to be deposited in the Collection Account pursuant to Section 3.04(a)
or remitted to the Master Servicer to enable such deposit, have been or will be so deposited. Within seven (7) Business Days (or within
such shorter period as release can reasonably be accomplished if the Master Servicer or the Special Servicer notifies the Custodian of
an exigency) of receipt of such notice and request, the Custodian shall release the related Mortgage File to the Master Servicer or Special
Servicer, as the case may be; provided that in the case of the payment in full of a Serviced Companion Loan or its related Mortgage
Loan, the related Mortgage File shall not be released by the Custodian unless the related Serviced Whole Loan is paid in full. No expenses
incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Collection Account.

(b)              
From time to time as is appropriate for servicing or foreclosure of any Mortgage Loan (other than any Non-Serviced Mortgage
Loan) (and any related Companion Loan), the Master Servicer or the Special Servicer shall deliver to the Custodian a Request for Release
signed by a Servicing Officer. Upon receipt of the foregoing, the Custodian shall deliver the Mortgage File or any document therein to
the Master Servicer or the Special Servicer (or a designee), as the case may be. Upon return of such Mortgage File or such document to
the Custodian, or the delivery to the Trustee and the Custodian of a certificate of a Servicing Officer of the Master Servicer or the
Special Servicer, as the case may be, stating that such Mortgage Loan (and, in the case of a Serviced Whole Loan, the related Companion
Loan), was liquidated and that all amounts received or to be received in connection with such liquidation which are required to be deposited
into the Collection Account (including amounts related to the related Companion Loan, if applicable) pursuant to Section 3.04(a)
have been or will be so deposited, or that such Mortgage Loan has become an REO Property, a copy of the Request for Release shall be released
by the Custodian to the Master Servicer or the Special Servicer (or a designee), as the case may be, with the original being released
upon termination of the Trust.

(c)              
Within seven (7) Business Days (or within such shorter period as delivery can reasonably be accomplished if the Special Servicer
notifies the Trustee of an exigency) of receipt thereof, the Trustee shall execute and deliver to the Special Servicer any court pleadings,
requests for trustee’s sale or other documents necessary to the foreclosure or trustee’s sale in respect of a Mortgaged Property
or to any legal action brought to obtain judgment against any Mortgagor on the Mortgage Note (including any note evidencing a related
Companion Loan) or Mortgage or to obtain a deficiency judgment, or to enforce any other remedies or rights provided by the Mortgage Note
or Mortgage or otherwise available at law or in equity. The Special Servicer shall be responsible for the preparation of all such documents
and pleadings. When submitted to

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the Trustee for signature, such documents or
pleadings shall be accompanied by a certificate of a Servicing Officer requesting that such pleadings or documents be executed by the
Trustee and certifying as to the reason such documents or pleadings are required and that the execution and delivery thereof by the Trustee
will not invalidate or otherwise affect the lien of the Mortgage, except for the termination of such a lien upon completion of the foreclosure
or trustee’s sale. The Trustee shall not be required to review such documents for their sufficiency or enforceability.

With respect to each Servicing
Shift Whole Loan, on and after the related Servicing Shift Securitization Date, if pursuant to the related Intercreditor Agreement and
the related Non-Serviced PSA, and as appropriate for enforcing the terms of such Servicing Shift Whole Loan, as applicable, the related
Non-Serviced Master Servicer requests in writing delivery to it of the original Note, then the Custodian shall release or cause the release
of such original Note to the related Non-Serviced Master Servicer or its designee.

(d)              
If, from time to time, pursuant to the terms of the applicable Non-Serviced Intercreditor Agreement and the applicable Non-Serviced
PSA, and as appropriate for enforcing the terms of a Non-Serviced Mortgage Loan, the applicable Non-Serviced Master Servicer requests
delivery to it of the original Mortgage Note for a Non-Serviced Mortgage Loan, then the Custodian shall release or cause the release
of such original Mortgage Note to such Non-Serviced Master Servicer or its designee.

Section 3.11       
Servicing Compensation. (a) As compensation for its activities hereunder, the Master Servicer shall be entitled to
receive the Servicing Fee with respect to each Mortgage Loan, Serviced Companion Loan and REO Loan (other than the portion of any REO
Loan related to any Non-Serviced Companion Loan) (including Specially Serviced Loans and any Non-Serviced Mortgage Loan constituting a
“specially serviced loan” under any related Non-Serviced PSA). As to each Mortgage Loan, Companion Loan and REO Loan, the
Servicing Fee shall accrue from time to time at the Servicing Fee Rate and shall be computed on the basis of the Stated Principal Balance
of such Mortgage Loan, Companion Loan or REO Loan, as the case may be, and in the same manner as interest is calculated on such Mortgage
Loan, Companion Loan or REO Loan, as the case may be, and, in connection with any partial month interest payment, for the same period
respecting which any related interest payment due on such Mortgage Loan or Companion Loan or deemed to be due on such REO Loan is computed.
The Servicing Fee with respect to any Mortgage Loan, Companion Loan or REO Loan shall cease to accrue if a Liquidation Event occurs with
respect to the related Mortgage Loan, except that if such Mortgage Loan is part of a Serviced Whole Loan and such Serviced Whole Loan
continues to be serviced and administered under this Agreement notwithstanding such Liquidation Event, then the applicable Servicing Fee
shall continue to accrue and be payable as if such Liquidation Event did not occur. The Servicing Fee shall be payable monthly, on a loan-by-loan
basis, from payments of interest on each Mortgage Loan, Companion Loan and REO Revenues allocable as interest on each REO Loan, and as
otherwise provided by Section 3.05(a). The Master Servicer shall be entitled to recover unpaid Servicing Fees in respect of
any Mortgage Loan, Companion Loan or REO Loan out of that portion of related payments, Insurance and Condemnation Proceeds, Liquidation
Proceeds and REO Revenues (in the case of an REO Loan) allocable as recoveries of interest, to the extent permitted by Section 3.05(a).
Except as set forth in the next two sentences, the final paragraph of this Section 3.11(a), Section 6.03, Section 6.05
and Section 7.01(c), the right to receive the Servicing Fee may not be transferred in whole or in part (except in connection
with

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a transfer of all of the Master Servicer’s
duties and obligations hereunder to a successor servicer in accordance with the terms hereof). With respect to each Serviced Pari Passu
Companion Loan, the Servicing Fee shall be payable to the Master Servicer from amounts payable in respect of such Serviced Pari Passu
Companion Loan, subject to the terms of the related Intercreditor Agreement.

The Master Servicer shall
be entitled to retain, and shall not be required to deposit in the Collection Account pursuant to Section 3.04(a), additional
servicing compensation (other than with respect to a Non-Serviced Mortgage Loan) in the form of the following amounts to the extent
collected from the related Mortgagor: (i) 100% of Excess Modification Fees related to any consents, modifications, waivers, extensions
or amendments of any Non-Specially Serviced Loans (including any related Serviced Companion Loan, to the extent not prohibited by
the related Intercreditor Agreement) that are Master Servicer Decisions; (ii) 50% of Excess Modification Fees related to any consents,
modifications, waivers, extensions or amendments of any Non-Specially Serviced Loans (including any related Serviced Companion Loan,
to the extent not prohibited by the related Intercreditor Agreement) that are Major Decisions, regardless of who processes such decision
(provided, however, that the Master Servicer shall receive 0% of any COVID Modification Fees); (iii) 100% of all assumption application
fees received on Non-Specially Serviced Loans (including any related Serviced Companion Loan, to the extent not prohibited by the
related Intercreditor Agreement) to the extent the Master Servicer is processing the underlying transaction and 100% of all defeasance
fees (provided that for the avoidance of doubt, any such defeasance fee shall not include any Modification Fees or waiver fees
in connection with a defeasance that the Special Servicer is entitled to under this Agreement); (iv) 100% of assumption, waiver,
consent, earnout and processing fees and similar fees pursuant to Section 3.08 and Section 3.18 or other actions
performed in connection with this Agreement on the Non-Specially Serviced Loans (including any related Serviced Companion Loan, to
the extent not prohibited by the related Intercreditor Agreement) that are Master Servicer Decisions; provided that with respect
to such transactions, the consent of the Special Servicer is not required to take such actions; and (v) 50% of all assumption, waiver,
consent and earnout fees and similar fees (other than assumption application and defeasance fees), pursuant to Section 3.08
and Section 3.18 on any Non-Specially Serviced Loan (including any related Serviced Companion Loan, to the extent not
prohibited by the related Intercreditor Agreement) where the action is a Major Decision (whether or not processed by the Special Servicer).
In addition, the Master Servicer shall be entitled to retain as additional servicing compensation (other than with respect to a Non-Serviced
Mortgage Loan) any reasonable review fees for processing Mortgagor requests, beneficiary statements or demands, to the extent such beneficiary
statements or demands were prepared by the Master Servicer, and other customary charges, in each case only to the extent actually paid
by the related Mortgagor and shall not be required to deposit such amounts in the Collection Account or the Companion Distribution Account
pursuant to Section 3.04(a) or Section 3.04(b), respectively, any and all amounts collected for checks returned
for insufficient funds relating to the accounts held by the Master Servicer and late payment charges and default interest paid by the
Mortgagors (that accrued while the related Mortgage Loans (other than any Non-Serviced Mortgage Loan) or any related Serviced Companion
Loan (to the extent not prohibited by the related Intercreditor Agreement) were not Specially Serviced Loans), but only to the extent
such late payment charges and default interest are not needed to pay interest on Advances or certain additional trust fund expenses (including
Special Servicing Fees, Workout Fees and Liquidation Fees) incurred with respect to the related Mortgage Loan or, if provided under the
related Intercreditor Agreement, any related Serviced Companion Loan since the Closing Date. Subject to Section 3.11(d), the

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Master Servicer shall also be entitled to additional
servicing compensation in the form of: (i) Penalty Charges to the extent provided in Section 3.11(d), (ii) interest
or other income earned on deposits relating to the Trust Fund in the Collection Account or the Companion Distribution Account in accordance
with Section 3.06(b) (but only to the extent of the Net Investment Earnings, if any, with respect to such account for the
period from and including the prior Distribution Date to and including the Master Servicer Remittance Date related to the current Distribution
Date), (iii) interest or other income earned on deposits in the Servicing Account which are not required by applicable law or the
related Mortgage Loan to be paid to the Mortgagor and (iv) the difference, if positive, between Prepayment Interest Excess and Prepayment
Interest Shortfalls collected on the Mortgage Loans (other than the Non-Serviced Mortgage Loans) and any Serviced Companion Loan, during
the related Collection Period to the extent not required to be paid as Compensating Interest Payments. The Master Servicer shall be required
to pay out of its own funds all expenses incurred by it in connection with its servicing activities hereunder (including, without limitation,
payment of any amounts due and owing to any of its Sub-Servicers and the premiums for any blanket Insurance Policy insuring against
hazard losses pursuant to Section 3.07), if and to the extent such expenses are not payable directly out of the Collection
Account and the Master Servicer shall not be entitled to reimbursement therefor except as expressly provided in this Agreement.

With respect to any of the
preceding fees as to which both the Master Servicer and the Special Servicer are entitled to receive a portion thereof, the Master Servicer
and the Special Servicer shall each have the right in their sole discretion, but not any obligation, to reduce or elect not to charge
its respective portion of such fee; provided that (without the consent of the affected party) (A) neither the Master Servicer
nor the Special Servicer shall have the right to reduce or elect not to charge the portion of any such fee due to the other and (B) to
the extent either the Master Servicer or the Special Servicer exercises its right to reduce or elect not to charge its respective portion
in any such fee, the party that reduced or elected not to charge its respective portion of such fee shall not have any right to share
in any part of the other party’s portion of such fee. If the Master Servicer decides not to charge any fee, the Special Servicer
shall nevertheless be entitled to charge its portion of the related fee to which the Special Servicer would have been entitled if the
Master Servicer had charged a fee and the Master Servicer shall not be entitled to any of such fee charged by the Special Servicer. If
the Special Servicer decides not to charge any fee (other than penalty charges), the Master Servicer shall nevertheless be entitled to
charge its portion of the related fee to which the Master Servicer would have been entitled if the Special Servicer had charged a fee
and the Special Servicer shall not be entitled to any of such fee charged by the Master Servicer.

Notwithstanding anything
herein to the contrary, the Master Servicer and the Special Servicer shall each be entitled to charge and retain reasonable review fees
in connection with any Mortgagor request to the extent such fees are not prohibited under the related Mortgage Loan documents and are
actually paid by or on behalf of the related Mortgagor. Notwithstanding anything herein to the contrary, Midland Loan Services, a Division
of PNC Bank, National Association may, at its option, assign or pledge to any third party or retain for itself the Transferable Servicing
Interest; provided, however, that in the event of any resignation or termination of such Master Servicer, all or any portion
of the Transferable Servicing Interest may be reduced by the Trustee to the extent reasonably necessary (in the sole discretion of the
Trustee) for the Trustee to obtain a qualified successor master servicer that meets the requirements of

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Section 6.05 and who requires market-rate
servicing compensation that accrues at a per annum rate in excess of the Retained Fee Rate, and any such assignment of the Transferable
Servicing Interest shall, by its terms be expressly subject to the terms of this Agreement and such reduction. The Master Servicer shall
pay the Transferable Servicing Interest to the holder of the Transferable Servicing Interest at such time and to the extent the Master
Servicer is entitled to receive payment of its Servicing Fees hereunder, notwithstanding any resignation or termination of Midland Loan
Services, a Division of PNC Bank, National Association hereunder (subject to reduction pursuant to the preceding sentence).

(b)              
As compensation for its activities hereunder, the Special Servicer shall be entitled to receive the Special Servicing Fee with
respect to each Specially Serviced Loan and REO Loan (other than a Non-Serviced Mortgage Loan and any REO Loan relating to a Non-Serviced
Mortgaged Property). As to each Specially Serviced Loan and REO Loan, the Special Servicing Fee shall accrue from time to time at the
Special Servicing Fee Rate and shall be computed on the basis of the Stated Principal Balance of such Specially Serviced Loan or REO Loan,
as the case may be, and in the same manner as interest is calculated on the Specially Serviced Loans or REO Loans, as the case may be,
and, in connection with any partial month interest payment, for the same period respecting which any related interest payment due on such
Specially Serviced Loan or deemed to be due on such REO Loan is computed. The Special Servicing Fee with respect to any Specially Serviced
Loan or REO Loan shall cease to accrue if a Liquidation Event occurs with respect to the related Mortgage Loan. The Special Servicing
Fee shall be payable monthly, on a loan-by-loan basis, in accordance with the provisions of Section 3.05(a). The right
to receive the Special Servicing Fee may not be transferred in whole or in part except in connection with the transfer of all of the Special
Servicer’s responsibilities and obligations under this Agreement. The Special Servicer shall not be entitled to any Special Servicing
Fees with respect to a Non-Serviced Mortgage Loan.

(c)              
Additional servicing compensation in the form of (i) 100% of all Excess Modification Fees related to modifications, waivers,
extensions or amendments of any Specially Serviced Loans and 100% of COVID Modification Fees, (ii) 100% of all assumption application
fees and assumption fees and other related fees received on any Specially Serviced Loans and 100% of such assumption application fees
and other related fees for all Non-Specially Serviced Loans to the extent the Special Servicer is processing the underlying assumption
transaction, (iii) 100% of waiver, consent and earnout fees and similar fees, pursuant to Section 3.08 and Section 3.18
or other actions performed in connection with this Agreement on the Specially Serviced Loans or certain other similar fees paid by the
related Mortgagor, (iv) 50% of all Excess Modification Fees (other than COVID Modification Fees) and assumption, consent and earnout fees
and similar fees pursuant to Section 3.08 or Section 3.18 or other actions performed in connection with this Agreement
and 50% of all earnout fees received in all cases with respect to all Non-Specially Serviced Loans (including any related Serviced
Companion Loan, to the extent not prohibited by the related Intercreditor Agreement) to the extent the matter involves a Major Decision,
regardless of who processes such decision, (v) late payment charges and default interest paid by the Mortgagors and accrued while the
related Mortgage Loans (including the related Companion Loan, if applicable, and to the extent not prohibited by the related Intercreditor
Agreement) were Specially Serviced Loans and that are not needed to pay interest on Advances or certain additional trust fund expenses
(including Special Servicing Fees, Workout Fees and Liquidation Fees) with respect to the related Mortgage Loan (including the related
Companion

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Loan, if applicable, to the extent not prohibited
by the related Intercreditor Agreement) since the Closing Date, (vi) with respect to accounts held by the Special Servicer, 100% of charges
by the special servicer collected for checks returned for insufficient funds; and (vii) 100% of charges for beneficiary statements or
demands actually paid by the Mortgagors to the extent such beneficiary statements or demands were prepared by the Special Servicer, shall
be promptly paid to the Special Servicer by the Master Servicer (or directly from the related Mortgagor) to the extent such fees are paid
by the Mortgagor and shall not be required to be deposited in the Collection Account pursuant to Section 3.04(a). Notwithstanding
the foregoing, the Special Servicer may also charge reasonable review fees in connection with any Mortgagor request to the extent actually
paid by the Mortgagor. Subject to Section 3.11(d), the Special Servicer shall also be entitled to additional servicing compensation
in the form of: (i) Penalty Charges to the extent provided in Section 3.11(d) and (ii) interest or other income
earned on deposits relating to the Trust Fund in the REO Account and Loss of Value Reserve Fund in accordance with Section 3.06(b)
(but only to the extent of the Net Investment Earnings, if any, with respect to such account for the period from and including the prior
Distribution Date to and including the Master Servicer Remittance Date related to such Distribution Date). In addition, the Special Servicer
shall be entitled to charge any Mortgagor for, and retain as additional servicing compensation (other than with respect to any Non-Serviced
Mortgage Loan), reasonable review fees in connection with any Mortgagor request to the extent such review fees are not prohibited under
the related Mortgage Loan documents, and are actually paid by or on behalf of the related Mortgagor. The Special Servicer shall also be
entitled to additional servicing compensation in the form of a Workout Fee equal to the lesser of (i) the amount calculated with respect
to each Corrected Loan at the Workout Fee Rate on such Corrected Loan for so long as it remains a Corrected Loan and (ii) $1,000,000 in
the aggregate with respect to any particular workout of a Corrected Loan; provided, however, that after receipt by the Special
Servicer of Workout Fees with respect to such Corrected Loan in an amount equal to $25,000, any Workout Fees in excess of such amount
shall be reduced by the Excess Modification Fee Amount; provided, further, however, that in the event the Workout Fee collected
over the course of such workout calculated at the Workout Fee Rate is less than $25,000, then the Special Servicer shall be entitled to
an amount from the final payment on the related Corrected Loan (including any related Serviced Companion Loan) that would result in the
total Workout Fees payable to the Special Servicer in respect of that Corrected Loan (including any related Serviced Companion Loan) to
be $25,000. The Workout Fee shall be reduced (but not below zero) pursuant to the preceding sentence with respect to each collection on
such Corrected Loan from which fee would otherwise be payable until an amount equal to such Excess Modification Fee Amount has been deducted
in full. The Workout Fee with respect to any Corrected Loan will cease to be payable if such loan again becomes a Specially Serviced Loan;
provided that a new Workout Fee will become payable if and when such Specially Serviced Loan again becomes a Corrected Loan. The
Special Servicer shall not be entitled to any Workout Fee with respect to a Non-Serviced Mortgage Loan. If the Special Servicer is
terminated (other than for cause) or resigns, it shall retain the right to receive any and all Workout Fees payable in respect of Mortgage
Loans or any related Companion Loan that became Corrected Loans prior to the time of that termination or resignation except the Workout
Fees will no longer be payable if the Corrected Loan subsequently becomes a Specially Serviced Loan. If the Special Servicer resigns or
is terminated (other than for cause), it will receive any Workout Fees payable on Specially Serviced Loans for which the resigning or
terminated Special Servicer had determined to grant a forbearance or cured the event of default through a modification, restructuring
or workout negotiated by the Special Servicer and evidenced by a

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signed writing, but which had not as of the
time the Special Servicer resigned or was terminated become a Corrected Loan solely because the Mortgagor had not had sufficient time
to make three consecutive timely Periodic Payments and which subsequently becomes a Corrected Loan as a result of the Mortgagor making
such three consecutive timely Periodic Payments. The successor special servicer will not be entitled to any portion of such Workout Fees.
The Special Servicer will not be entitled to receive any Workout Fees after termination for cause. A Liquidation Fee will be payable with
respect to each Specially Serviced Loan (other than a Non-Serviced Mortgage Loan) or REO Property (other than a Non-Serviced Mortgaged
Property) as to which the Special Servicer receives any Liquidation Proceeds or Insurance and Condemnation Proceeds subject to the exceptions
set forth in the definition of Liquidation Fee (such Liquidation Fee to be paid out of such Liquidation Proceeds, Insurance and Condemnation
Proceeds). If, however, Liquidation Proceeds or Insurance and Condemnation Proceeds are received with respect to any Corrected Loan and
the Special Servicer is properly entitled to a Workout Fee, such Workout Fee will be payable based on and out of the portion of such Liquidation
Proceeds and Insurance and Condemnation Proceeds that constitute principal and/or interest on such Mortgage Loan. Notwithstanding anything
herein to the contrary, the Special Servicer shall only be entitled to receive a Liquidation Fee or a Workout Fee, but not both, with
respect to proceeds on any Mortgage Loan. Notwithstanding the foregoing, with respect to any Companion Loan, the Liquidation Fee, Workout
Fee and Special Servicing Fees, if any, will be computed as provided in the related Intercreditor Agreement or to the extent such Intercreditor
Agreement is silent or refers to this Agreement or indicates such fees are paid in accordance with this Agreement, as provided herein
as though such Companion Loan were a Mortgage Loan. Subject to Section 3.11(d), the Special Servicer will also be entitled
to additional fees in the form of Penalty Charges. The Special Servicer shall be required to pay out of its own funds all expenses incurred
by it in connection with its servicing activities hereunder (including, without limitation, payment of any amounts, other than management
fees in respect of REO Properties, due and owing to any of its Sub-Servicers and the premiums for any blanket Insurance Policy obtained
by it insuring against hazard losses pursuant to Section 3.07), if and to the extent such expenses are not expressly payable
directly out of the Collection Account or the REO Account, and the Special Servicer shall not be entitled to reimbursement therefor except
as expressly provided in this Agreement.

With respect to any of the
preceding fees as to which both the Master Servicer and the Special Servicer are entitled to receive a portion thereof, the Master Servicer
and the Special Servicer shall each have the right, but not any obligation, to reduce or elect not to charge its respective portion of
such fee; provided that (A) neither the Master Servicer nor the Special Servicer shall have the right to reduce or elect not
to charge the portion of any such fee due to the other and (B) to the extent either the Master Servicer or the Special Servicer exercises
its right to reduce or elect not to charge its respective portion in any such fee, the party that reduced or elected not to charge its
respective portion of such fee shall not have any right to share in any part of the other party’s portion of such fee.  If
the Master Servicer decides not to charge any fee, the Special Servicer shall nevertheless be entitled to charge its portion of the related
fee to which the Special Servicer would have been entitled if the Master Servicer had charged a fee and the Master Servicer shall not
be entitled to any of such fee charged by the Special Servicer.

With respect to a Mortgage
Loan (or Serviced Companion Loan) that is a Specially Serviced Loan solely because of an event described in clause (iv) or (x) of the
definition of “Servicing Transfer Event”, the Special Servicer shall not be entitled to a Workout Fee or any fee

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payable by the related Mortgagor only during
any Imminent Default Workout Fee Restricted Period. Thereafter, the Special Servicer shall be entitled to any Workout Fee or any other
fee payable by the related Mortgagor and due the Special Servicer in accordance with the terms of this Agreement.

With respect to a Mortgage
Loan (or Serviced Companion Loan) that is a Specially Serviced Loan solely because of an event described in clause (iv) of the definition
of “Servicing Transfer Event”, the Special Servicer shall not be entitled to a Liquidation Fee or any fee payable by the related
Mortgagor only during any Imminent Default Liquidation Fee Restricted Period. Thereafter, the Special Servicer shall be entitled to any
Liquidation Fee or any other fee payable by the related Mortgagor and due the Special Servicer in accordance with the terms of this Agreement.

(d)              
In determining the compensation of the Master Servicer or Special Servicer, as applicable, with respect to Penalty Charges, on
any Distribution Date, the aggregate Penalty Charges collected on any Mortgage Loan (other than a Non-Serviced Mortgage Loan) and any
related Companion Loan since the prior Distribution Date shall be applied (in such order) to reimburse (i) the Master Servicer, the
Special Servicer or the Trustee for interest on Advances on such Mortgage Loan or related Companion Loan, if applicable (and, in connection
with a Non-Serviced Mortgage Loan, the applicable Non-Serviced Master Servicer, the applicable Non-Serviced Special Servicer
or the applicable Non-Serviced Trustee for interest on the Servicing Advances made by any such party with respect to a Non-Serviced
Whole Loan pursuant to the applicable Non-Serviced PSA, to the extent not prohibited by the applicable Non-Serviced Intercreditor
Agreement) due on such Distribution Date, (ii) the Trust for all interest on Advances previously paid to the Master Servicer or the
Trustee pursuant to Section 3.05(a)(vi) hereof (and, in connection with a Non-Serviced Mortgage Loan, the related trust
for all interest on Servicing Advances reimbursed by such trust to any party under the applicable Non-Serviced PSA, which resulted in
an additional expense for the Trust, to the extent not prohibited by the applicable Non-Serviced Intercreditor Agreement) with respect
to such Mortgage Loan or related Companion Loan, if applicable and (iii) the Trust for all additional expenses of the Trust (including
Special Servicing Fees, Workout Fees and Liquidation Fees), including without limitation, inspections by the Special Servicer and all
unpaid Advances incurred since the Closing Date with respect to such Mortgage Loan. Penalty Charges (other than with respect to a Non-Serviced
Mortgage Loan, which shall be payable as additional servicing compensation under the related Non-Serviced PSA) remaining thereafter shall
be distributed to the Master Servicer, if and to the extent accrued while such Mortgage Loan and any related Companion Loan was a Non-Specially
Serviced Loan, and to the Special Servicer, if and to the extent accrued on such Mortgage Loan during the period such Mortgage Loan was
a Specially Serviced Loan or REO Loan. Any Penalty Charges paid or payable as additional servicing compensation to the Master Servicer
and the Special Servicer shall be distributed between the Master Servicer and the Special Servicer, on a pro rata basis, based
on the Master Servicer’s and Special Servicer’s respective entitlements to such compensation described in the previous sentence.
Notwithstanding the foregoing, Penalty Charges with respect to any Companion Loan will be allocated pursuant to the applicable Intercreditor
Agreement after payment of all related Advances and interest thereon and additional expenses of the Trust in accordance with this Section 3.11(d).

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If a Servicing Shift Whole
Loan becomes a Specially Serviced Loan prior to the applicable Servicing Shift Securitization Date, the Special Servicer shall service
and administer such Servicing Shift Whole Loan and any related REO Property in the same manner as any other Specially Serviced Loan or
Serviced REO Property and shall be entitled to all rights and compensation earned with respect to such Serviced Whole Loan as Special
Servicer of such Serviced Whole Loan. With respect to a Servicing Shift Mortgage Loan, prior to the applicable Servicing Shift Securitization
Date, no other special servicer will be entitled to any such compensation or have such rights and obligations. If a Servicing Shift Whole
Loan is still a Specially Serviced Loan on the applicable Servicing Shift Securitization Date, the Non-Serviced Special Servicer and the
Special Servicer shall be entitled to compensation with respect to such Servicing Shift Whole Loan as if the Special Servicer were being
terminated as the Special Servicer with respect to such Servicing Shift Whole Loan and the Non-Serviced Special Servicer were replacing
the Special Servicer as the successor Special Servicer with respect to such Servicing Shift Whole Loan.

If a Servicing Shift Whole
Loan is being specially serviced on the applicable Servicing Shift Securitization Date, the Special Servicer shall be entitled to compensation
for the period during which it acted as Special Servicer with respect to such Whole Loan, including its share of any liquidation or workout
fees and any additional servicing compensation as well as all surviving indemnity and other rights in respect of such special servicing
role under this Agreement.

(e)              
With respect to each Distribution Date, the Special Servicer shall deliver or cause to be delivered to the Master Servicer within
two (2) Business Days following the Determination Date, and the Master Servicer shall deliver, to the extent it has received, to the Certificate
Administrator, without charge and on the Master Servicer Remittance Date, an electronic report (which may include HTML, Word or Excel
compatible format, clean and searchable PDF format or such other format as mutually agreeable between the Certificate Administrator and
the Special Servicer) that discloses and contains an itemized listing of any Disclosable Special Servicer Fees received by the Special
Servicer or any of its Affiliates, if any, with respect to such Distribution Date; provided that no such report shall be due in
any month during which no Disclosable Special Servicer Fees were received.

(f)               
The Special Servicer and its Affiliates shall be prohibited from receiving or retaining any compensation or any other remuneration
(including, without limitation, in the form of commissions, brokerage fees, rebates, or as a result of any other fee-sharing arrangement)
from any Person (including, without limitation, the Trust, any Mortgagor, any property manager, any guarantor or indemnitor in respect
of a Mortgage Loan and any purchaser of any Mortgage Loan or REO Property) in connection with the disposition, workout or foreclosure
of any Mortgage Loan, the management or disposition of any REO Property, or the performance of any other special servicing duties under
this Agreement, other than as expressly provided in this Section 3.11; provided that such prohibition shall not apply
to Permitted Special Servicer/Affiliate Fees.

(g)              
Pursuant to the CREFC® License Agreement, CREFC® shall be paid (according to the payment instructions
set forth on Exhibit JJ hereto or such other payment instructions as CREFC® may provide to the Master Servicer
in writing at least two (2) Business Days prior to the Master Servicer Remittance Date) the CREFC® Intellectual Property
Royalty License Fee on a monthly basis. The Master Servicer shall withdraw from the Collection Account

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and, to the extent sufficient funds are on
deposit therein, pay the CREFC® Intellectual Property Royalty License Fee to CREFC® in accordance with Section 3.05(a)(xii)
on a monthly basis, from funds on deposit in the Collection Account.

Section 3.12       
Inspections; Collection of Financial Statements. (a) The Master Servicer shall perform (at its own expense), or shall
cause to be performed (at its own expense), a physical inspection of each Mortgaged Property relating to a Mortgage Loan (other than a
Non-Serviced Mortgage Loan or a Specially Serviced Loan) with a Stated Principal Balance of (i) $2,000,000 or more at least once
every twelve (12) months and (ii) less than $2,000,000 at least once every twenty-four (24) months, in each case, commencing
in the calendar year 2023; provided, however, that if a physical inspection has been performed by the Special Servicer in
the previous twelve (12) months and the Master Servicer has no knowledge of a material change in the Mortgaged Property since such physical
inspection, the Master Servicer will not be required to perform or cause to be performed, such physical inspection; provided, further,
that if any scheduled payment becomes more than sixty (60) days delinquent on the related Mortgage Loan, the Special Servicer shall inspect
or cause to be inspected the related Mortgaged Property as soon as practicable after such Mortgage Loan becomes a Specially Serviced Loan
and annually thereafter for so long as such Mortgage Loan remains a Specially Serviced Loan. The cost of such inspection by the Special
Servicer pursuant to the second proviso of the immediately preceding sentence shall be an expense of the Trust, and, to the extent not
paid by the related Mortgagor, reimbursed first from Penalty Charges actually received from the related Mortgagor and then from
the Collection Account pursuant to Section 3.05(a)(ii), provided that, with respect to a Serviced Whole Loan, such
cost shall be payable, subject to the terms of the related Intercreditor Agreement (i) with respect to a Serviced Pari Passu Whole
Loan, pro rata and pari passu, from the related Serviced Pari Passu Mortgage Loan and Serviced Pari Passu Companion Loan,
in accordance with their respective Stated Principal Balances, or (ii) with respect to a Serviced AB Whole Loan, first, from
the related AB Subordinate Companion Loan and then, pro rata and pari passu, from the related Serviced Mortgage Loan
and the related Serviced Pari Passu Companion Loan (if any), in accordance with the respective Stated Principal Balances of the related
Serviced Mortgage Loan and Serviced Pari Passu Companion Loan (provided that, with respect to any AB Subordinate Companion Loan,
the foregoing shall not limit or otherwise modify the terms of the related Intercreditor Agreement pursuant to which any amounts collected
with respect to the related Whole Loan are allocated to the related Serviced Mortgage Loan and AB Subordinate Companion Loan), in each
case, prior to being payable out of general collections. The Special Servicer or the Master Servicer, as applicable, shall prepare or
cause to be prepared a written report of each such inspection detailing the condition of and any damage to the Mortgaged Property to the
extent evident from the inspection and specifying the existence of (i) any vacancy in the Mortgaged Property that the preparer of
such report has knowledge of and deems material, (ii) any sale, transfer or abandonment of the Mortgaged Property of which the preparer
of such report has knowledge or that is evident from the inspection, (iii) any adverse change in the condition of the Mortgaged Property
of which the preparer of such report has knowledge or that is evident from the inspection, and that the preparer of such report deems
material, (iv) any visible material waste committed on the Mortgaged Property of which the preparer of such report has knowledge
or that is evident from the inspection and (v) photographs of each inspected Mortgaged Property. The Special Servicer and the Master
Servicer shall deliver or, if applicable, make available on its website a copy (in electronic format) of each such report prepared by
the Special Servicer or the Master Servicer, as applicable, to the other party, to the Directing Certificateholder ((i) prior to
the

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occurrence and continuance of a Control Termination
Event and (ii) other than with respect to any Excluded Loan) and to the Trustee within seven (7) Business Days after the later of
(i) the completion of such report or (ii) the Special Servicer’s or the Master Servicer’s, as applicable, receipt of such
report, provided that the Special Servicer or the Master Servicer, as applicable, shall use reasonable efforts consistent with
the Servicing Standard to obtain such report within 30 days after completion of the related inspection. Within five (5) Business Days
after request for copies of such reports by the Rating Agencies, the Special Servicer or the Master Servicer, as applicable, shall deliver
or make available a copy (in electronic format) of each such report prepared by the Special Servicer and the Master Servicer, as applicable,
to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website. In respect of any Mortgage Loan
other than an Excluded Loan and prior to the occurrence of a Consultation Termination Event, the Master Servicer shall deliver or make
available a copy of each such report to the Directing Certificateholder and upon request to each Controlling Class Certificateholder (which
request may state that such items may be delivered until further notice).

(b)              
The Special Servicer, in the case of any Specially Serviced Loan, and the Master Servicer, in the case of any Non-Specially
Serviced Loan shall make efforts consistent with the Servicing Standard to collect promptly (and in connection with the preparation of
the reports described in the following paragraph, review) from each related Mortgagor quarterly and annual operating statements, financial
statements, budgets and rent rolls of the related Mortgaged Property, and the quarterly and annual financial statements of such Mortgagor,
whether or not delivery of such items is required pursuant to the terms of the related Mortgage Loan documents and any other reports or
documents required to be delivered under the terms of the Mortgage Loans (and each Serviced Companion Loan), if delivery of such items
is required pursuant to the terms of the related Mortgage Loan (and each Serviced Companion Loan) documents. The Master Servicer and the
Special Servicer shall not be required to request such operating statements or rent rolls more than once if the related Mortgagor is not
required to deliver such statements pursuant to the terms of the Mortgage Loan documents. In addition, the Special Servicer shall cause
quarterly and annual operating statements, budgets and rent rolls to be regularly prepared in respect of each REO Property and shall collect
all such items promptly following their preparation. The Special Servicer shall deliver all such items to the Master Servicer within five
(5) Business Days of receipt, and the Master Servicer shall make available on its website copies of all the foregoing items so collected
to the Trustee, the Certificate Administrator, the Directing Certificateholder and the Depositor, in electronic format, in each case within
thirty (30) days of its receipt thereof, but in no event, in the case of annual statements, later than June 30 of each year commencing
June 30, 2023. Upon the request of any Privileged Person (other than the NRSROs) to receive copies of such items, the Master Servicer
or the Special Servicer, as applicable, shall deliver electronic copies of such items to the Certificate Administrator to be posted on
the Certificate Administrator’s Website. The Master Servicer or Special Servicer, as applicable, shall, upon the request of any
NRSRO, deliver copies of all or any of the foregoing items so collected thereby to the 17g-5 Information Provider pursuant to Section 3.13(c).

Furthermore, with respect
to any Mortgage Loan (and each Serviced Companion Loan), if the related Mortgage Loan documents provide for the annual or quarterly testing
of financial conditions of the related Mortgagor and/or Mortgaged Property (e.g. debt yield tests, debt service coverage ratio tests and/or
loan-to-value ratio tests) in connection with cash management triggers or the commencement of additional required Escrow Payments, the
Special Servicer, in

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the case of any Specially Serviced Loan, and
the Master Servicer, in the case of any Non-Specially Serviced Loan, as applicable (only to the extent the related information required
for such testing is to be delivered to the Master Servicer or Special Servicer pursuant to the related Mortgage Loan Documents and is
actually delivered to either the Master Servicer or the Special Servicer), shall use reasonable efforts to conduct such financial testing
within the timeframes contemplated by such Mortgage Loan documents.

Within forty-five (45) days
after receipt by the Master Servicer, with respect to all Non-Specially Serviced Loans it is responsible for servicing hereunder, or the
Special Servicer with respect to Specially Serviced Loans and REO Properties (other than any Non-Serviced Mortgaged Property), of any
quarterly and annual operating statements or rent rolls beginning with the quarter ending March 31, 2023 and the calendar year ending
December 31, 2023 (solely to the extent the related Mortgagor provides sufficient information to report pursuant to CREFC® guidelines)
with respect to any Mortgaged Property or REO Property, such Master Servicer or Special Servicer, as applicable, shall, based upon such
operating statements or rent rolls received, prepare (or, if previously prepared, update) the analysis of operations and the CREFC®
NOI Adjustment Worksheet and the CREFC® Operating Statement Analysis Report, but only to the extent the related borrower
is required by the Mortgage Loan documents to deliver and does deliver, or otherwise agrees to provide and does provide, that information,
presenting the computations to “normalize” the full year net operating income and debt service coverage numbers used by the
Master Servicer to prepare the CREFC® Comparative Financial Status Report; provided that any such CREFC®
Operating Statement Analysis Report and/or CREFC® NOI Adjustment Worksheet shall not be required to be prepared or updated
with respect to year-end or the first calendar quarter of each year to the extent provided by the then-current CREFC®
Investor Reporting Package. Upon the occurrence and continuation of a Servicing Transfer Event, the Master Servicer shall provide the
Special Servicer with all prior CREFC® Operating Statement Analysis Reports and CREFC® NOI Adjustment Worksheets
for the related Mortgage Loan (including underwritten figures), and the Special Servicer’s obligations hereunder shall be subject
to its having received all such reports. The Master Servicer and Special Servicer shall, upon request, deliver copies electronically of
all operating statements and rent rolls received from any Mortgagor to the 17g-5 Information Provider pursuant to Sections 3.13(c)
and 3.13(d), and the Master Servicer and Special Servicer shall, upon request, make available to the other and (prior to the occurrence
of a Consultation Termination Event) the Directing Certificateholder electronically monthly copies of all the foregoing items so collected
thereby. All CREFC® Operating Statement Analysis Reports and CREFC® NOI Adjustment Worksheets shall be maintained
by the Master Servicer with respect to each Mortgaged Property (other than a Non-Serviced Mortgaged Property) and REO Property (other
than any Non-Serviced Mortgaged Property), and the Master Servicer shall forward copies (in electronic format) thereof and the related
operating statements or rent rolls (in each case, promptly following the initial preparation and each material revision thereof) to the
Certificate Administrator and, upon the request of any NRSRO, the 17g-5 Information Provider (and the 17g-5 Information Provider shall
post all such items to the 17g-5 Information Provider’s Website), and upon request, shall make such items available to the Operating
Advisor, the Directing Certificateholder, and with respect to any Serviced Companion Loan, the related Companion Holder and the Special
Servicer. The Master Servicer shall maintain a CREFC® Operating Statement Analysis Report and a CREFC® NOI
Adjustment Worksheet with respect to each Mortgaged Property (other than a Non-Serviced Mortgaged Property) or REO Property (other
than a Non-Serviced Mortgaged Property).

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(c)              
 At or before 2:00 p.m. (New York City time) on each Determination Date, the Special Servicer shall prepare and deliver or
cause to be delivered to the Master Servicer and, prior to the occurrence of a Consultation Termination Event, the Directing Certificateholder,
the CREFC® Special Servicer Loan File and any applicable CREFC® Loan Liquidation Reports, CREFC®
Loan Modification Reports and CREFC® REO Liquidation Reports with respect to the Specially Serviced Loans (excluding, for
the Directing Certificateholder, any Excluded Loans) and any REO Properties (other than a Non-Serviced Mortgaged Property), providing
the information required of the Special Servicer in an electronic format, reasonably acceptable to the Master Servicer as of the Business
Day preceding such Determination Date, which CREFC® Special Servicer Loan File shall include data, to enable the Master
Servicer to produce the following supplemental CREFC® reports: (i) a CREFC® Delinquent Loan Status
Report, (ii) a CREFC® Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report, (iii) a CREFC®
REO Status Report, (iv) a CREFC® Comparative Financial Status Report and (v) a CREFC® NOI Adjustment
Worksheet and a CREFC® Operating Statement Analysis Report, in each case with the supporting financial statements, budgets,
operating statements and rent rolls submitted by the Mortgagor.

(d)              
Not later than 5:00 p.m. (New York City time) on the Master Servicer Remittance Date beginning September 2022, the Master
Servicer shall prepare (if and to the extent necessary) and deliver or cause to be delivered in electronic format to the Certificate Administrator
the following reports and data files: (A) to the extent the Master Servicer has received the CREFC® Special Servicer
Loan File at the time required, the most recent CREFC® Delinquent Loan Status Report, CREFC® Historical
Loan Modification/Forbearance and Corrected Mortgage Loan Report and the CREFC® REO Status Report, (B) CREFC®
Loan Setup File (with respect to the first Distribution Date), (C) the most recent CREFC® Property File, and CREFC®
Comparative Financial Status Report (in each case incorporating the data required to be included in the CREFC® Special
Servicer Loan File pursuant to Section 3.12(c) by the Special Servicer and Master Servicer), (D) a CREFC®
Servicer Watch List with information that is current as of such Determination Date, (E) CREFC® Financial File, (F) CREFC®
Loan Level Reserve/LOC Report, (G) the CREFC® Advance Recovery Report, (H) CREFC® Total Loan Report
and (I) the report on Disclosable Special Servicer Fees delivered pursuant to Section 3.11(e) to the extent received from
the Special Servicer, if any. Additionally, not later than 5:00 p.m. (New York City time) on the Master Servicer Remittance Date
beginning September 2022, the Master Servicer shall deliver or cause to be delivered in electronic format to the Certificate Administrator
any applicable CREFC® Loan Liquidation Reports, CREFC® Loan Modification Reports and CREFC®
REO Liquidation Reports received from the Special Servicer. Not later than 2:00 p.m. (New York City time) two (2) Business Days prior
to the Distribution Date beginning in September 2022, the Master Servicer shall deliver or cause to be delivered to the Certificate Administrator
via electronic format the CREFC® Loan Periodic Update File and the CREFC® Appraisal Reduction Amount Template,
if provided for such Distribution Date. In no event shall any report described in this subsection be required to reflect information that
has not been collected by or delivered to the Master Servicer, or any payments or collections not received by the Master Servicer, as
of the close of business on the Business Day prior to the Business Day on which the report is due.

Not later than 5:00 p.m.
(New York City time) two calendar days (or if the second calendar day is not a Business Day, then the immediately succeeding Business
Day) following the Distribution Date beginning September 2022, the Master Servicer shall deliver to the Certificate

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Administrator the CREFC® Schedule
AL File in EDGAR-Compatible Format; provided that the Master Servicer shall have no obligation to prepare or deliver any such CREFC®
Schedule AL File or Schedule AL Additional File unless the Depositor has delivered the items required by Section 2.01(j).
If the CREFC® Schedule AL File or Schedule AL Additional File is not provided by the time set forth in the immediately
preceding sentence, the Certificate Administrator shall request such CREFC® Schedule AL File from the Master Servicer via
email at NoticeAdmin@midlandls.com, with a copy to the Depositor at US_CMBS_Notice@jpmorgan.com. In preparing the CREFC®
Schedule AL File and any Schedule AL Additional File for any given Distribution Date, and without any due diligence, investigation or
verification, the Master Servicer shall be entitled to conclusively rely, absent manifest error, on the content, completeness, accuracy
and compliance with any applicable requirements of Items 1111(h) and 1125 of Regulation AB and Item 601(b) of Regulation S-K under the
Securities Act as in effect on the Closing Date of the Initial Schedule AL File, Initial Schedule AL Additional File and the Annex A-1
to the Prospectus. The Master Servicer may concurrently with the delivery of the related CREFC® Schedule AL File, deliver
any related Schedule AL Additional File in EDGAR-Compatible Format to the Certificate Administrator. The CREFC® Schedule
AL File and the Schedule AL Additional File shall each be a single file. Neither the Certificate Administrator nor the Master Servicer
shall be required to combine multiple CREFC® Schedule AL Files or Schedule AL Additional Files, unless, solely with respect
to the Master Servicer, multiple Sub-Servicers prepare and submit such CREFC® Schedule AL Files or Schedule AL Additional
Files to the Master Servicer. The Certificate Administrator shall not be required to review, redact, reconcile, edit or verify the content,
completeness or accuracy of the information contained in any CREFC® Schedule AL File or any Schedule AL Additional File.

In the absence of manifest
error, the Master Servicer shall be entitled to conclusively rely upon, without investigation or inquiry, any information and reports
delivered to it by any third party, and the Certificate Administrator shall be entitled to conclusively rely upon the Master Servicer’s
reports and the Special Servicer’s reports and any information provided by the Trustee, without any duty or obligation to recompute,
verify or recalculate any of the amounts and other information stated therein.

(e)              
The Special Servicer shall deliver to the Master Servicer the reports and information required of the Special Servicer pursuant
to Section 3.12(b) and Section 3.12(c), and the Master Servicer shall deliver to the Certificate Administrator
the reports and data files set forth in Section 3.12(d). The Master Servicer may, absent manifest error, conclusively rely
on the reports and/or data to be provided by the Special Servicer pursuant to Section 3.12(b) and Section 3.12(c).
The Certificate Administrator may, absent manifest error, conclusively rely on the reports and/or data to be provided by the Master Servicer
pursuant to Section 3.12(d). In the case of information or reports to be furnished by the Master Servicer to the Certificate
Administrator pursuant to Section 3.12(d), to the extent that such information or reports are, in turn, based on information
or reports to be provided by the Special Servicer pursuant to Section 3.12(b) or Section 3.12(c) and to the extent
that such reports are to be prepared and delivered by the Special Servicer pursuant to Section 3.12(b) or Section 3.12(c),
the Master Servicer shall have no obligation to provide such information or reports to the Certificate Administrator until it has received
the requisite information or reports from the Special Servicer, and the Master Servicer shall not be in default hereunder due to a delay
in providing the reports

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required by Section 3.12(d) caused
by the Special Servicer’s failure to timely provide any information or report required under Section 3.12(b) or Section 3.12(c)
of this Agreement.

(f)               
Notwithstanding the foregoing, however, the failure of the Master Servicer or Special Servicer to disclose any information otherwise
required to be disclosed by this Section 3.12 shall not constitute a breach of this Section 3.12 to the extent
the Master Servicer or Special Servicer so fails because such disclosure, in the reasonable belief of the Master Servicer or the Special
Servicer, as the case may be, would violate any applicable law or any provision of a Mortgage Loan document prohibiting disclosure of
information with respect to the Mortgage Loans or Mortgaged Properties. The Master Servicer and Special Servicer may disclose any such
information or any additional information to any Person so long as such disclosure is consistent with applicable law and the Servicing
Standard. The Master Servicer or the Special Servicer may affix to any information provided by it any disclaimer it deems appropriate
in its reasonable discretion (without suggesting liability on the part of any other party hereto).

(g)              
Unless otherwise specifically stated herein, if the Master Servicer or the Special Servicer is required to deliver any statement,
report or information under any provisions of this Agreement, the Master Servicer or the Special Servicer, as the case may be, may satisfy
such obligation by (x) physically delivering a paper copy of such statement, report or information, (y) delivering such statement,
report or information in a commonly used electronic format or (z) except with respect to information to be provided to the Certificate
Administrator or any Companion Holder and, prior to the occurrence of a Consultation Termination Event, the Directing Certificateholder,
making such statement, report or information available on the Master Servicer’s Internet website, unless this Agreement expressly
specifies a particular method of delivery.

Notwithstanding anything
to the contrary in the foregoing, the Master Servicer and the Special Servicer shall deliver any required statements, reports or other
information to the Certificate Administrator in an electronic format mutually agreeable to the Certificate Administrator and the Master
Servicer or the Special Servicer, as the case may be. The Master Servicer or the Special Servicer may physically deliver a paper copy
of any such statement, report or information as a temporary measure due to system problems, however, copies in electronic format shall
follow upon the correction of such system problems.

Section 3.13       
Access to Certain Information. (a) Each of the Master Servicer and the Special Servicer shall provide or cause to be
provided to the Certificate Administrator, and the Certificate Administrator shall afford access to any Mortgage Loan Seller and to any
Certificateholder or any RR Interest Owner that is a federally insured financial institution, the OCC, the FDIC, the Board of Governors
of the Federal Reserve System of the United States of America and the supervisory agents and examiners of such boards and such corporations,
and any other federal or state banking or insurance regulatory authority that may exercise authority over any such Certificateholder and
any RR Interest Owner, and to each Holder of a Non-Registered Certificate, access to any documentation or information regarding the Mortgage
Loans (other than any Non-Serviced Mortgage Loan) and, in the case of a Mortgage Loan that is a portion of a Serviced Whole Loan, the
related Companion Loan, and the Trust within its control which may be required by applicable law. At the election of the Master Servicer,
the Special Servicer or the Certificate Administrator, such access may be afforded to such Person identified above by the delivery of
copies of information as requested by such Person and the Master Servicer, the Special

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Servicer or the Certificate Administrator shall
be permitted to require payment (other than from the Directing Certificateholder and the Trustee and the Certificate Administrator on
its own behalf or on behalf of the Certificateholders and the RR Interest Owners, as applicable) of a sum sufficient to cover the reasonable
out-of-pocket costs incurred by it in making such copies. Such access shall (except as described in the preceding sentence) be
afforded without charge but only upon reasonable prior written request and during normal business hours at the offices of the Certificate
Administrator or the Custodian.

The failure of the Master
Servicer or Special Servicer to provide access as provided in this Section 3.13 as a result of a confidentiality obligation
shall not constitute a breach of this Section 3.13. In connection with providing information pursuant to this Section 3.13,
the Master Servicer and Special Servicer may each (i) affix a reasonable disclaimer to any information provided by it for which it
is not the original source (without suggesting liability on the part of any other party hereto); (ii) affix to any information provided
by it a reasonable statement regarding securities law restrictions on such information and/or condition access to information on (x) the
execution of a confidentiality agreement substantially in the form of Exhibit X, or (y) execution of a “click-through”
confidentiality agreement if such information is being provided through the Master Servicer’s Internet website; (iii) withhold
access to confidential information or any intellectual property; and/or (iv) withhold access to items of information contained in
the Servicing File for any Mortgage Loan if the disclosure of such items is prohibited by applicable law or the provisions of any related
Mortgage Loan documents or would constitute a waiver of the attorney-client privilege. Notwithstanding any provision of this Agreement
to the contrary, the failure of the Master Servicer or the Special Servicer to disclose any information otherwise required to be disclosed
by it pursuant to this Agreement shall not constitute a breach of this Agreement to the extent that the Master Servicer or the Special
Servicer, as the case may be, determines, in its reasonable good faith judgment consistent with the applicable Servicing Standard, that
such disclosure would violate applicable law or any provision of a Mortgage Loan or Companion Loan document prohibiting disclosure of
information with respect to the Mortgage Loans or Companion Loans or the Mortgaged Properties, constitute a waiver of the attorney-client
privilege on behalf of the Trust or the Trust or otherwise materially harm the Trust or the Trust. Without limiting the generality of
the foregoing, the Master Servicer or Special Servicer may refrain from disclosing information that it reasonably determines would prejudice
the interest of the Certificateholders with respect to a workout or exercise of remedies as to any particular Mortgage Loan.

Upon the reasonable request
of any Certificateholder or any RR Interest Owner (or with respect to any AB Subordinate Companion Loan related to a Serviced AB Whole
Loan, the holder of such AB Subordinate Companion Loan) that is a Privileged Person identified to the Master Servicer’s reasonable
satisfaction, the Master Servicer may provide (or forward electronically) (at the expense of such Certificateholder, such RR Interest
Owner or holder of such AB Subordinate Companion Loan, as applicable) copies of any appraisals, operating statements, rent rolls and financial
statements (in each case, solely relating to the related Serviced Whole Loan, if requested by the holder of the an AB Subordinate Companion
Loan) obtained by the Master Servicer; provided that, in connection therewith, the Master Servicer may require a written confirmation
executed by the requesting Person substantially in such form as may be reasonably acceptable to the Master Servicer, generally to the
effect that such Person is a Holder of Certificates, a beneficial holder of Book-Entry Certificates (or an investment advisor for
a

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Certificateholder, an RR Interest Owner or
beneficial holder of Book-Entry Certificates) or holder of such AB Subordinate Companion Loan and a Privileged Person and will keep
such information confidential and shall use such information only for the purpose of analyzing asset performance and evaluating any continuing
rights the Certificateholder and the RR Interest Owner or holder of such AB Subordinate Companion Loan, as applicable, may have under
the Trust. For the avoidance of doubt, the Master Servicer shall not make any Asset Status Reports available to any Certificateholders
or any RR Interest Owner on its website. None of the parties to this Agreement shall provide any Asset Status Report or any Final Asset
Status Report to the Certificate Administrator.

Notwithstanding anything
to the contrary herein (other than as permitted in the preceding paragraph with respect to any Certificateholder or as specially provided
for herein with respect to the Directing Certificateholder), unless required by applicable law or court order, no Certificateholder, RR
Interest Owner or beneficial owner shall be given access to, or be provided copies of, the Mortgage Files or Diligence Files.

(b)              
The Certificate Administrator shall make available to Privileged Persons (provided that the Prospectus, Distribution Date
Statements, Mortgage Loan Purchase Agreements, this Agreement and the Commission EDGAR filings referred to below will be available to
the general public) via the Certificate Administrator’s Website, the following items, in each case, to the extent such items were
prepared by or delivered to the Certificate Administrator in electronic format:

(i)               
The following documents, which will initially be made available under a tab or heading designated “deal documents”:

(A)            
the Prospectus and any other disclosure document relating to the Registered Certificates, in the form most recently provided to
the Certificate Administrator by the Depositor or by any Person designated by the Depositor;

(B)             
this Agreement and any amendments and exhibits hereto;

(C)             
each Sub-Servicing Agreement delivered to the Certificate Administrator on and after the Closing Date;

(D)            
the Mortgage Loan Purchase Agreements and any amendments and exhibits thereto; and

(E)             
the CREFC® Loan Setup File provided by the Master Servicer to the Certificate Administrator;

(ii)              
the following documents, which will initially be made available under a tab or heading designated “SEC EDGAR filings”;

(A)            
any reports on Forms 10-D, 10-K, 8-K and ABS-EE that have been filed by the Certificate Administrator with respect
to the Trust through the EDGAR system;

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(iii)                         The following
documents, which will initially be made available under a tab or heading designated “periodic reports”:

(A)            
all Distribution Date Statements prepared by the Certificate Administrator pursuant to Section 4.02; and

(B)             
the CREFC® Loan Periodic Update File, the CREFC® Bond Level File, the CREFC® Collateral
Summary File, the CREFC® Property File, each of the “surveillance reports” identified as such in the definition
of “CREFC® Investor Reporting Package” (including, without limitation, the CREFC® Operating
Statement Analysis Report and the CREFC® NOI Adjustment Worksheets), the CREFC® Advance Recovery Report
to the extent delivered by the Master Servicer pursuant to this Agreement from time to time;

(iv)                         The following
documents, which will initially be made available under a tab or heading designated “additional documents”:

(A)            
summaries of Final Asset Status Reports or, prior to an AB Control Appraisal Period, summaries of Asset Status Reports approved
by the holder of the related Companion Loan, and related information delivered to the Certificate Administrator pursuant to Section 3.19(d);

(B)             
all property inspection reports and environmental reports delivered to the Certificate Administrator pursuant to Section 3.12(a);

(C)             
any Appraisals delivered to the Certificate Administrator pursuant to Section 3.19;

(D)            
the CREFC® Appraisal Reduction Amount Template or a detailed worksheet showing the calculation of each Appraisal
Reduction Amount, Collateral Deficiency Amount, and Cumulative Appraisal Reduction Amount on a current and cumulative basis; and

(E)             
all Operating Advisor Annual Reports;

(v)                             The following documents, which will initially be made available under a tab or heading designated “special notices”:

(A)            
any notice with respect to a release pursuant to Section 3.09(d);

(B)             
any notice regarding a waiver, modification or amendment of the terms of any Mortgage Loan pursuant to Section 3.18(e);

(C)             
any notice of final payment on the Certificates or the RR Interest delivered to the Certificate Administrator pursuant to Section 4.01(h);

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(D)            
 any notice of the occurrence of any Servicer Termination Event or termination of the Master Servicer or the Special Servicer delivered
pursuant to Section 7.01;

(E)             
any notice of the Certificate Administrator’s determination that an Asset Review Trigger has occurred and any other notice
required to be delivered to the Certificateholders or the RR Interest Owners pursuant to Section 12.01;

(F)             
any Asset Review Report Summary received by the Certificate Administrator;

(G)            
[Reserved];

(H)            
any notice of resignation of the Trustee or the Certificate Administrator, and any notice of the acceptance of appointment by the
successor trustee or the successor certificate administrator pursuant to Section 8.07 or Section 8.08;

(I)               
any Officer’s Certificate supporting any determination that any Advance was (or, if made, would be) a Nonrecoverable Advance;

(J)               
any notice of resignation or termination of the Master Servicer or Special Servicer pursuant to Section 7.03;

(K)            
any notice of termination pursuant to Section 9.01;

(L)             
any notice of resignation or termination of the Operating Advisor or the Asset Representations Reviewer and any notice of the acceptance
of appointment by the successor operating advisor or the successor asset representations reviewer pursuant to Section 3.26
or Section 12.03, respectively;

(M)           
any notice of any request by requisite percentage of Certificateholders for a vote to terminate the Special Servicer pursuant to
Section 7.01(d), the Operating Advisor pursuant to Section 3.26(j) or the Asset Representations Reviewer pursuant
to Section 12.05(b);

(N)            
any notice of recommendation of termination of the Special Servicer by the Operating Advisor and the related report prepared by
the Operating Advisor in connection with such recommendation;

(O)            
any notice that a Control Termination Event has occurred or is terminated or that a Consultation Termination Event has occurred;

(P)             
any notice of the occurrence of an Operating Advisor Termination Event;

(Q)            
any notice of the occurrence of an Asset Representations Reviewer Termination Event;

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(R)             
 any Proposed Course of Action Notice;

(S)             
any assessments of compliance delivered to the Certificate Administrator;

(T)             
any attestation reports delivered to the Certificate Administrator;

(U)            
any “special notices” required by a Certificateholder to be posted on the Certificate Administrator’s website
pursuant to Section 5.06; and

(V)            
any notice or document provided to the Certificate Administrator by the Depositor or the Master Servicer directing the Certificate
Administrator to post same to the “Special Notice” tab;

(vi)                          the “Investor Q&A Forum” pursuant to Section 4.07(a);

(vii)                      solely
to Certificateholders and Certificate Owners that are Privileged Persons, the “Investor Registry” pursuant to Section 4.07(b);
and

(viii)                   the “U.S. Risk Retention Special Notices” tab shall include any notices provided by the Retaining Sponsor in satisfaction
of the Risk Retention Rules;

provided that with respect to a Control
Termination Event or a Consultation Termination Event deemed to exist due solely to the existence of an Excluded Loan, the Certificate
Administrator will only be required to make available such notice of the occurrence and continuance of a Control Termination Event or
the notice of the occurrence and continuance of a Consultation Termination Event to the extent the Certificate Administrator has been
notified of such Excluded Loan.

The Certificate Administrator
shall, in addition to posting the applicable notices on the “U.S. Risk Retention Special Notices” tab described in clause
(viii) above, include a fixed statement in the Distribution Date Statement that risk retention notices, if any, can be found on the “U.S.
Risk Retention Special Notices” tab. The Certificate Administrator shall, in addition to posting the applicable notices on the “U.S.
Risk Retention Special Notices” tab described in clause (viii) above, provide email notification to any Privileged Person (other
than Financial Market Publishers) that has registered to receive access to the Certificate Administrator’s Website that a notice
has been posted to the “U.S. Risk Retention Special Notices” tab.

Notwithstanding the description
set forth above, for purposes of obtaining information or access to the Certificate Administrator’s Website, all Excluded Information
shall be made available under one separate tab or heading rather than under the headings described above in the preceding paragraph.

The Certificate Administrator
shall post on the Certificate Administrator’s Website the items and reports identified in clauses (iii)(A) and (B)
above on each Distribution Date. In addition, if the Depositor so directs the Certificate Administrator, and on terms acceptable
to the Certificate Administrator, the Certificate Administrator shall make certain other information and reports related to the Mortgage
Loans available through its Internet website.

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Notwithstanding the foregoing,
all Excluded Information shall be made available under a separate tab or heading designated “Excluded Information” on the
Certificate Administrator’s Website (and not under any of the tabs or headings described in items (i) through (vii) above)
and made available to Privileged Persons other than any Excluded Controlling Class Holder that is a Borrower Party (unless a loan-by-loan
segregation is later performed by the Certificate Administrator in which case such access shall only be prohibited with respect to the
related Excluded Controlling Class Loan(s)). The “U.S. Risk Retention Special Notices” tab shall be available to Privileged
Persons (other than any Financial Market Publisher).

Any Person (other than the
Directing Certificateholder or a Controlling Class Certificateholder) that is a Borrower Party shall only be entitled to access the Distribution
Date Statements and the following items made available to the general public: the Prospectus, this Agreement, the Mortgage Loan Purchase
Agreements and the SEC filings on the Certificate Administrator’s Website. In the case of the Directing Certificateholder or a Controlling
Class Certificateholder, if any such Person becomes an Excluded Controlling Class Holder, upon delivery to the Master Servicer, the Special
Servicer, the Operating Advisor, the Certificate Administrator and the Trustee in physical form of an investor certification substantially
in the form Exhibit P-1E and upon delivery to the Certificate Administrator in physical form of an investor certification substantially
in the form of Exhibit P-1F, which shall include each of the CTSLink User ID associated with such Excluded Controlling Class Holder,
such Excluded Controlling Class Holder shall be entitled to access all information (other than the Excluded Information with respect to
any Excluded Controlling Class Loans (unless a loan-by-loan segregation is later performed by the Certificate Administrator in which case
such access shall only be prohibited with respect to the related Excluded Controlling Class Loans)) available on the Certificate Administrator’s
Website.

In the case of the Directing
Certificateholder or a Controlling Class Certificateholder that is not an Excluded Controlling Class Holder, upon delivery of an Investor
Certification substantially in the form of Exhibit P-1B hereto, such Directing Certificateholder or Controlling Class Certificateholder
shall be entitled to access all information on the Certificate Administrator’s Website. The Master Servicer, the Special Servicer,
the Operating Advisor, the Certificate Administrator and the Trustee may each rely on (i) an Investor Certification in the form of
Exhibit P-1B hereto from the Directing Certificateholder or a Controlling Class Certificateholder to the effect that such Person
is not an Excluded Controlling Class Holder and (ii) an Investor Certification in the form of Exhibit P-1D hereto from the
Directing Certificateholder or a Controlling Class Certificateholder to the effect that such Person is an Excluded Controlling Class Holder
with respect to one or more Excluded Controlling Class Loan(s). In the event the Directing Certificateholder or a Controlling Class Certificateholder
becomes an Excluded Controlling Class Holder, such party shall promptly notify each of the Master Servicer, the Special Servicer, the
Operating Advisor, the Certificate Administrator and the Trustee in writing substantially in the form of Exhibit P-1E that such
party has become an Excluded Controlling Class Holder with respect to the Excluded Controlling Class Loan(s) listed in such notice and
shall also provide the Certificate Administrator a notice substantially in the form of Exhibit P-1F listing each of the CTSLink
User ID associated with such Excluded Controlling Class Holder and directing the Certificate Administrator to restrict such Excluded Controlling
Class Holder’s access to the Certificate Administrator’s Website as and to the extent provided in this Agreement. Upon confirmation
from the Certificate Administrator that such access has been restricted, such Excluded Controlling Class Holder shall submit a new Investor
Certification

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substantially in the form of Exhibit P-1D
to access the information on the Certificate Administrator’s Website, except that such Excluded Controlling Class Holder shall not
be entitled to access any Excluded Information related to any Excluded Controlling Class Loan(s) (unless a loan-by-loan segregation is
later performed by the Certificate Administrator in which case such access shall only be prohibited with respect to the related Excluded
Controlling Class Loan(s)) made available on the Certificate Administrator’s Website. With respect to any Excluded Information sent
for posting on the Certificate Administrator’s Website, each of the Master Servicer, the Special Servicer and the Operating Advisor
shall mark or label such information as “Excluded Information” prior to delivery to the Certificate Administrator, and the
Certificate Administrator shall segregate on the Certificate Administrator’s Website such Excluded Information (and, if possible,
on loan-by-loan basis) from information relating to other Mortgage Loans or Whole Loans, as applicable.

Notwithstanding anything
herein to the contrary, each of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator and the
Trustee shall be entitled to conclusively assume that the Directing Certificateholder and all beneficial owners of the Certificates of
the Controlling Class are not Excluded Controlling Class Holders except to the extent that the Master Servicer, the Special Servicer,
the Operating Advisor, the Certificate Administrator or the Trustee, as applicable, has received a notice substantially in the form of
Exhibit P-1E from the Directing Certificateholder or a Controlling Class Certificateholder that it has become an Excluded Controlling
Class Holder. None of the Master Servicer, the Special Servicer, the Operating Advisor or the Certificate Administrator shall be liable
for any communication to the Directing Certificateholder or a Controlling Class Certificateholder that is an Excluded Controlling Class
Holder or disclosure of any information relating to an Excluded Controlling Class Loan (including any related Excluded Information delivered
to the Certificate Administrator for posting to the Certificate Administrator’s Website) if the Master Servicer, the Special Servicer,
the Operating Advisor or the Certificate Administrator, as applicable, did not receive prior written notice that the related Mortgage
Loan is an Excluded Controlling Class Loan and/or, with respect to any related Excluded Information posted on the Certificate Administrator’s
Website, such information was not delivered to the Certificate Administrator in accordance with Section 3.32(a).

Each of the Master Servicer,
the Special Servicer, the Operating Advisor, the Certificate Administrator and the Trustee shall be entitled to conclusively rely on delivery
from the Directing Certificateholder or a Controlling Class Certificateholder of an Investor Certification substantially in the form of
Exhibit P-1B that it is not or is no longer an Excluded Controlling Class Holder. To the extent the Directing Certificateholder
or a Controlling Class Certificateholder receives access pursuant to this Agreement to any Excluded Information on the Certificate Administrator’s
Website or otherwise receives access to such Excluded Information, such Directing Certificateholder or Controlling Class Certificateholder
shall be deemed to have agreed that it (i) will not directly or indirectly provide any such Excluded Information to (A) the
related Borrower Party, (B) any related Excluded Controlling Class Holder, (C) any employees or personnel of such Directing
Certificateholder or Controlling Class Certificateholder or any of its Affiliates involved in the management of any investment in the
related Borrower Party or the related Mortgaged Property or (D) to its actual knowledge, any non-Affiliate that holds a direct or
indirect ownership interest in the related Borrower Party, and (ii) will maintain sufficient internal

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controls and appropriate policies and procedures
in place in order to comply with the obligations described in clause (i) above.

To the extent a Risk Retention
Consultation Party or a VRR Interest Owner receives access pursuant to this Agreement to any information solely related to a Mortgage
Loan with respect to which such party is a Borrower Party (which shall include any Asset Status Reports, Final Asset Status Reports (or
summaries thereof), inspection reports related to Specially Serviced Loans conducted by the Special Servicer or any Excluded Special Servicer
and which may include any Operating Advisor reports delivered to the Certificate Administrator regarding the Special Servicer’s
net present value determination or any Appraisal Reduction Amount calculations, and any Officer’s Certificates delivered by the
Trustee, the Master Servicer or the Special Servicer, supporting any determination that any Advance was (or, if made, would be) a Nonrecoverable
Advance, but in each case other than information with respect to such Mortgage Loan that is aggregated with information of other Mortgage
Loans at a pool level), on the Certificate Administrator’s Website or otherwise receives access to such information, the Risk Retention
Consultation Party or VRR Interest Owner, as applicable, shall be deemed to have agreed that it (i) will not directly or indirectly provide
any such information to (A) the related Borrower Party, (B) any employees or personnel of such Risk Retention Consultation Party or VRR
Interest Owner, as applicable, or any of its Affiliates involved in the management of any investment in the related Borrower Party or
the related Mortgaged Property or (C) to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest in
the related Borrower Party, and (ii) will maintain sufficient internal controls and appropriate policies and procedures in place in order
to comply with the obligations described in clause (i) above. For the avoidance of doubt, for the purposes of this paragraph, any
file or report contained in the CREFC® Investor Reporting Package (“CREFC® IRP”) (other
than the CREFC® Special Servicer Loan File relating to any such Excluded Loan) shall be considered information that is
aggregated with information of other Mortgage Loans at a pool level.

The Certificate Administrator
makes no representation or warranty as to the accuracy or completeness of any report, document or other information made available on
its Internet website and assumes no responsibility therefor, other than with respect to such reports, documents or other information prepared
by the Certificate Administrator. In addition, the Certificate Administrator may disclaim responsibility for any information distributed
by it for which it is not the original source. Notwithstanding anything herein to the contrary, the Certificate Administrator shall not
be liable for any disclosure of information relating to any Excluded Controlling Class Loan to the extent such information was included
in the Asset Status Report or the Final Asset Status Report delivered to the Certificate Administrator for posting to the Certificate
Administrator’s Website and not properly identified as relating to any Excluded Controlling Class Loan.

In connection with providing
access to the Certificate Administrator’s Website (other than with respect to access provided to the general public in accordance
with Section 3.13(b)), the Certificate Administrator may require registration and the acceptance of a disclaimer. The Certificate
Administrator shall not be liable for the dissemination of information in accordance herewith. Questions regarding the Certificate Administrator’s
Website can be directed to the Certificate Administrator’s CMBS customer service desk at (866) 846-4526.

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(c)              
 The 17g-5 Information Provider shall make available solely to the Depositor and the NRSROs the following items to the extent
such items are delivered to it (in the form of an electronic document suitable for posting) via electronic mail at 17g5informationprovider@wellsfargo.com,
specifically with a subject reference of “Benchmark 2022-B36” and an identification of the type of information being provided
in the body of such electronic mail; or via any alternative electronic mail address following notice to the parties hereto or any other
delivery method established or approved by the 17g-5 Information Provider if or as may be necessary or beneficial:

(i)                                   any notices of waivers under Section 3.08(c);

(ii)                                any Final Asset Status Report delivered by the Special Servicer under Section 3.19(d);

(iii)                             any notice of final payment on the Certificates or the RR Interest;

(iv)                            any environmental reports delivered by the Special Servicer under Section 3.09(e);

(v)                               any Appraisals delivered to the 17g-5 Information Provider pursuant to Section 3.19;

(vi)                            any annual statements as to compliance and related Officer’s Certificates delivered under Section 11.09 or Section 11.10;

(vii)                         any annual independent public accountants’ attestation reports delivered pursuant to Section 11.11;

(viii)                      any notice to the Rating Agencies relating to the Special Servicer’s determination to take action without receiving Rating
Agency Confirmation from any Rating Agency as set forth in Section 3.25(a);

(ix)                              copies of requests or questions that were submitted by the Rating Agencies relating to a request for Rating Agency Confirmation;

(x)                                 any requests for Rating Agency Confirmation that are delivered to the 17g-5 Information Provider pursuant to Section 3.25(a);

(xi)                              any notice of resignation of the Trustee or the Certificate Administrator and any notice of the acceptance of appointment by the
successor trustee or the successor certificate administrator pursuant to Section 8.07 or Section 8.08;

(xii)                           any Officer’s Certificate supporting any determination that any Advance was (or, if made, would be) a Nonrecoverable Advance;

(xiii)                        any notice of a Servicer Termination Event or termination of the Master Servicer or the Special Servicer delivered pursuant to
Section 7.01;

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(xiv)                    any notice of the merger or consolidation of the Certificate Administrator or the Trustee pursuant to Section 8.09;

(xv)                          any notice of any amendment that modifies the procedures herein relating to Rule 17g-5 of the Exchange Act pursuant to Section 13.01(a)(ix);

(xvi)                       any Operating Advisor Annual Report pursuant to Section 3.26;

(xvii)                    any summary of oral communication with the Rating Agencies or any written question or request from the Rating Agencies directed
toward the Master Servicer, Special Servicer, Certificate Administrator or Trustee regarding any of the information delivered to the 17g-5
Information Provider pursuant to this Section 3.13(c) or regarding any request for a Rating Agency Confirmation or regarding
any of the Mortgage Loan documents or any matter related to the Certificates, Mortgage Loans, any related Companion Loan, the related
Mortgaged Properties, the related Mortgagors or any other matters related to this Agreement or any applicable Intercreditor Agreement;
provided that the summary of such oral communication shall not identify the Rating Agency with whom the communication was held
pursuant to Section 3.13(g);

(xviii)                 any other information delivered to the 17g-5 Information Provider pursuant to this Agreement including, without limitation,
Section 2.03(b), Section 3.07, Section 3.07(a), Section 3.12, Section 3.17(c),
Section 3.18(e), Section 11.09 or Section 11.10; and

(xix)                         any other information delivered to the Rating Agencies pursuant to this Agreement including, without limitation, Section 13.10.

The foregoing information
shall be made available by the 17g-5 Information Provider on the 17g-5 Information Provider’s Website. Information will
be posted on the same Business Day of receipt provided that such information is received by 2:00 p.m., New York City time,
or, if received after 2:00 p.m., New York City time, on the next Business Day by 12:00 p.m. New York City time; provided,
however, any information delivered pursuant to Section 3.13(d) shall be posted in accordance with Section 3.13(d).
The 17g-5 Information Provider shall have no obligation or duty to verify, confirm or otherwise determine whether the information
being delivered is accurate, complete, conforms to the transaction, or otherwise is or is not anything other than what it purports to
be. In the event that any information is delivered or posted in error, each of the Certificate Administrator and the 17g-5 Information
Provider may remove such information from the 17g-5 Information Provider’s Website. The Certificate Administrator and the 17g-5
Information Provider have not obtained and shall not be deemed to have obtained actual knowledge of any information merely by posting
such information to the Certificate Administrator’s Website or the 17g-5 Information Provider’s Website to the extent
such information was not produced by the Certificate Administrator or the 17g-5 Information Provider, as applicable. Access shall
be provided by the 17g-5 Information Provider to the NRSROs upon receipt of an NRSRO Certification in the form of Exhibit P-2
hereto (which certification may be submitted electronically via the 17g-5 Information Provider’s Website). If a Rating Agency
requests access to the 17g-5 Information Provider’s Website, access shall be granted by the 17g-5 Information Provider on the same
Business Day, provided that such request is made prior to 2:00

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p.m., New York City time, on such Business
Day, or if received after 2:00 p.m., New York City time, on the following Business Day. Questions regarding delivery of information to
the 17g-5 Information Provider may be directed to (866) 846-4526 or 17g5informationprovider@wellsfargo.com (specifically referencing
“Benchmark 2022-B36” in the subject line).

Upon delivery by the Depositor
to the 17g-5 Information Provider of information designated by the Depositor as pre-closing information from the Depositor’s 17g-5
Website (the “Pre-close Information”), the 17g-5 Information Provider shall make such information available only to
the Depositor and to NRSROs via the 17g-5 Information Provider’s Website pursuant to this Section 3.13(c). Such information
shall be provided to the 17g-5 Information Provider via electronic media and delivered to the 17g-5 Information Provider as mutually agreed.
The Depositor shall not be entitled to direct the 17g-5 Information Provider to provide access to the Pre-close Information or any other
information on the 17g-5 Information Provider’s Website to any designee or third party.

Upon request of the Depositor
or the Rating Agencies, the 17g-5 Information Provider shall post on the 17g-5 Information Provider’s Website any additional
information requested by the Depositor or the Rating Agencies to the extent such information is delivered to the 17g-5 Information
Provider electronically in accordance with this Section 3.13. In no event shall the 17g-5 Information Provider disclose
on the 17g-5 Information Provider’s Website the Rating Agency that requested such additional information.

Except as provided in Section 3.13(d)
below, the Master Servicer or Special Servicer, as applicable, may, but shall not be obligated to send such information, report, notice
or document to the applicable Rating Agency so long as such information, report, notice or document (i) was previously provided to
the 17g-5 Information Provider or (ii) is simultaneously provided to the 17g-5 Information Provider.

The 17g-5 Information Provider
shall notify any party that delivers information to the 17g-5 Information Provider under this Agreement that such information was received
and that it has been posted. The 17g-5 Information Provider shall notify each Person that has signed-up for access to the 17g-5 Information
Provider’s Website in respect of the transaction governed by this Agreement each time an additional document is posted to the 17g-5
Information Provider’s Website and such notice shall specifically identify such document in the subject line or otherwise in the
body of the email notice. The 17g-5 Information Provider shall send such notice to such Person’s email address provided by and used
by such Person for the purpose of accessing the 17g-5 Information Provider’s Website, including a general email address if such
general email address has been provided to the 17g-5 Information Provider in connection with a completed NRSRO Certification in the form
of Exhibit P-2 hereto.

Any information required
to be delivered to the 17g-5 Information Provider by any party under this Agreement shall be delivered to it via electronic mail at
17g5informationprovider@wellsfargo.com, specifically with a subject reference of “Benchmark 2022-B36” and an identification
of the type of information being provided in the body of such electronic mail, or via any alternative electronic mail address following
notice to the parties hereto or any other delivery method established or approved by the 17g-5 Information Provider.

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(d)                           The Master Servicer or the Special Servicer, as applicable, may, but shall not be obligated to, provide bulk information that
relates to two or more transactions to the 17g-5 Information Provider. Any such information shall be posted by the 17g-5 Information Provider
and the 17g-5 Information Provider may, but shall not be obligated to, post such information in accordance with the timeframe provided
in Section 3.13(c) above, provided, however, that if the 17g-5 Information Provider is not able to post such
information in accordance with the timeframe in Section 3.13(c), then it shall post such information within a reasonable time.

(e)                                Certain information concerning the Mortgage Loans and the Certificates (including the Distribution Date Statements, CREFC®
reports and supplemental notices with respect to such Distribution Date Statements and CREFC® reports) shall be provided
by the Certificate Administrator to third parties (including Financial Market Publishers) with the consent of the Depositor, and providing
such information shall not constitute a breach of this Agreement by the Certificate Administrator. Such information will be made available
to such third parties upon receipt of a certificate in the form of Exhibit P-3 hereto, which certification may be submitted
electronically via the Certificate Administrator’s Website.

(f)                                  Each of the Master Servicer and the Special Servicer may, in accordance with such reasonable rules and procedures as it may adopt,
also deliver, produce or otherwise make available, solely with respect to the Master Servicer, through the Master Servicer’s Internet
website or, with respect to the Master Servicer or the Special Servicer, otherwise, any additional information relating to the Mortgage
Loans (other than any Non-Serviced Mortgage Loan), any related Serviced Companion Loan, the Mortgaged Properties (other than any Non-Serviced
Mortgaged Property), or the related Mortgagors, for review by the Depositor, the Underwriters and any other Persons who deliver an Investor
Certification in accordance with this Section 3.13 and the Rating Agencies (collectively, the “Disclosure Parties”)
(only to the extent such additional information is simultaneously delivered to the 17g-5 Information Provider for posting on the 17g-5
Information Provider’s Website in accordance with the provisions of Section 3.13(c)), in each case, except to the extent
doing so is prohibited by this Agreement (including without limitation, any prohibitions on dissemination of any confidential information,
including, without limitation, any Privileged Information), applicable law or by the related Mortgage Loan documents. Each of the Master
Servicer and the Special Servicer shall be entitled to (i) indicate the source of such information and affix thereto any disclaimer
it deems appropriate in its discretion and/or (ii) require that the recipient of such information (A) except for the Depositor
and the Rating Agencies, enter into (x) an Investor Certification, (y) a confidentiality agreement substantially in the form
of Exhibit X or (z) a “click-through” confidentiality agreement if such information is being provided
through the Master Servicer’s Internet website, and (B) acknowledge that the Master Servicer or the Special Servicer may contemporaneously
provide such information to any other Disclosure Party. In addition, to the extent access to such information is provided via the Master
Servicer’s Internet website, the Master Servicer may require registration and the acceptance of a reasonable and customary disclaimer
and/or an additional or alternative agreement as to the confidential nature of such information. In connection with providing access to
or copies of the information described in this Section 3.13(f) to current or prospective Certificateholders or the RR Interest
Owners the form of confidentiality agreement used by the Master Servicer or the Special Servicer, as applicable, shall be: (i) in
the case of a Certificateholder or an RR Interest Owner, an Investor Certification executed by the requesting Person indicating that such
Person is a Holder of Certificates or the RR Interest Owners and will keep such information confidential (except that

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such Certificateholder or such RR Interest
Owner may provide such information (x) to its auditors, legal counsel and regulators and (y) to any other Person that holds
or is contemplating the purchase of any Certificate or interest therein (provided that such other Person confirms in writing such
Ownership Interest or prospective Ownership Interest and agrees to keep such information confidential)); and (ii) in the case of
a prospective purchaser of Certificates or interests therein or an investment advisor related thereto, an Investor Certification indicating
that such Person is a prospective purchaser of a Certificate or an interest therein or an investment advisor related thereto and is requesting
the information for use in evaluating a possible investment in Certificates and will otherwise keep such information confidential with
no further dissemination (except that such Certificateholder or such RR Interest Owner may provide such information to its auditors, legal
counsel and regulators). In the case of a licensed or registered investment advisor acting on behalf of a current or prospective Certificateholder
or RR Interest Owner, the Investor Certification shall be executed and delivered by both the investment advisor and such current or prospective
Certificateholder or RR Interest Owner.

Neither the Master Servicer
nor the Special Servicer shall be liable for its dissemination of information in accordance with this Agreement or by others in violation
of the terms of this Agreement. Neither the Master Servicer nor the Special Servicer shall be responsible or have any liability for the
completeness or accuracy of the information delivered, produced or otherwise made available pursuant to this Section 3.13
unless such information was produced by the Master Servicer or Special Servicer, as applicable.

(g)                               The Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall be permitted (but not obligated)
to orally communicate with the Rating Agencies regarding any of the Mortgage Loan documents and any other matter related to the Mortgage
Loans, the related Mortgaged Properties, the related Mortgagors or any other matters relating to this Agreement or related Intercreditor
Agreement; provided that such party summarizes the information provided to the Rating Agencies in such communication in writing
and provides the 17g-5 Information Provider with such written summary in accordance with the procedures set forth in Section 3.13(c)
the same day such communication takes place; provided, further, that the summary of such oral communications shall not identify
which Rating Agency the communication was with. The 17g-5 Information Provider shall post such written summary on the 17g-5 Information
Provider’s Website in accordance with the procedures set forth in Section 3.13(c).

(h)                               The Special Servicer, subject to the limitations on delivery of Privileged Communications, shall deliver to the Operating Advisor
such reports and other information produced or otherwise available to the Directing Certificateholder (other than, prior to the occurrence
and continuance of a Control Termination Event, any Asset Status Reports that are not Final Asset Status Reports), or Certificateholders
generally, requested by the Operating Advisor in support of the performance of its obligations under this Agreement in electronic format.

(i)                                   None of the foregoing restrictions in this Section 3.13 or otherwise in this Agreement shall prohibit or restrict oral
or written communications, or providing information, between the Master Servicer, the Operating Advisor, the Asset Representations Reviewer
or the Special Servicer, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s
or NRSRO’s review of the ratings it assigns to the Master Servicer, the Operating Advisor, the Asset Representations Reviewer or
the Special Servicer, as

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applicable, (ii) such Rating Agency’s
or NRSRO’s approval of the Master Servicer, the Operating Advisor, the Asset Representations Reviewer or the Special Servicer, as
applicable, as a commercial mortgage master, special or primary servicer, or (iii) such Rating Agency’s or NRSRO’s evaluation
of the Master Servicer’s, the Operating Advisor, the Asset Representations Reviewer’s or the Special Servicer’s, as
applicable, servicing operations in general; provided that the Master Servicer, the Operating Advisor, the Asset Representations
Reviewer or the Special Servicer, as applicable, shall not provide any information relating to the Certificates or the Mortgage Loans,
to any Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless (x) Mortgagor,
property and other deal specific identifiers are redacted; (y) such information has already been provided to the 17g-5 Information
Provider and has been uploaded on to the 17g-5 Information Provider’s Website; or (z) the Rating Agency confirms in writing
that it does not intend to use such information in undertaking credit rating surveillance with respect to the Certificates; provided,
however, that the Rating Agencies may use information delivered under this clause (z) for any purpose to the extent
it is publicly available (unless the availability results from a breach of this Agreement or any other confidentiality agreement to which
such Rating Agency is subject) or comprised of information collected by the applicable Rating Agency from the 17g-5 Information Provider’s
Website (or another 17g-5 information provider’s website that they have access to) other than pursuant to this Section 3.13(i).

(j)                                   The costs and expenses of compliance with this Section 3.13 by the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Operating Advisor, the Asset Representations Reviewer and any other party hereto shall
not be additional expenses of the Trust, but shall be borne by the applicable party hereto.

Section 3.14                   Title to REO Property; REO Account. (a) If title to any Mortgaged Property is acquired (directly or through a single
member limited liability company established for that purpose) and thus such Mortgaged Property becomes an REO Property, the deed or certificate
of sale shall be issued in the name of the Trust where permitted by applicable law or regulation and consistent with customary servicing
procedures, and otherwise, in the name of the Trustee or its nominee on behalf of the Certificateholders and the RR Interest Owners and,
if applicable, on behalf of the related Companion Holders, in the case of a Serviced Companion Loan. REO Property with respect to a Non-Serviced
Mortgage Loan is excluded for all purposes of this Section 3.14. The Special Servicer, on behalf of the Trust and, if applicable,
the related Serviced Companion Noteholder, shall sell any REO Property prior to the close of the third calendar year following the year
in which the Trust acquires ownership of such REO Property, within the meaning of Treasury Regulations Section 1.856-6(b)(1),
for purposes of Section 860G(a)(8) of the Code, unless the Special Servicer either (i) applies for a qualifying extension of
time no later than sixty (60) days prior to the close of the third calendar year in which it acquired ownership (or the period provided
in the then applicable REMIC Provisions) and such extension is granted or is not denied (an “REO Extension”) by the
Internal Revenue Service to sell such REO Property or (ii) obtains for the Trustee, the Certificate Administrator and the Master
Servicer an Opinion of Counsel, addressed to the Trustee, the Certificate Administrator and the Master Servicer, to the effect that the
holding by the Trust of such REO Property subsequent to the close of the third calendar year following the year in which acquisition occurred
will not cause an Adverse REMIC Event to occur. If the Special Servicer is granted or not denied the REO Extension contemplated by clause (i)
of the immediately preceding sentence or obtains the Opinion of Counsel

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contemplated by clause (ii) of
the immediately preceding sentence, the Special Servicer shall sell such REO Property within such longer period as is permitted by such
REO Extension or such Opinion of Counsel, as the case may be. Any expense incurred by the Special Servicer in connection with its being
granted the REO Extension contemplated by clause (i) of the second preceding sentence or its obtaining the Opinion of Counsel
contemplated by clause (ii) of the second preceding sentence, shall be an expense of the Trust payable out of the Collection
Account pursuant to Section 3.05(a).

(b)                               The Special Servicer shall segregate and hold all funds collected and received in connection with any REO Property separate and
apart from its own funds and general assets. If an REO Acquisition shall occur, the Special Servicer shall establish and maintain one
or more REO Accounts, held on behalf of the Trustee for the benefit of the Certificateholders, the RR Interest Owners and, if applicable,
on behalf of any related Companion Holder(s), as applicable, as their interest shall appear, and the Trustee (as holder of the Lower-Tier
Regular Interests), for the retention of revenues and other proceeds derived from each REO Property. The REO Account shall be an Eligible
Account. The Special Servicer shall deposit, or cause to be deposited, in the REO Account, within two (2) Business Days after receipt
of properly identified and available funds, all REO Revenues, Insurance and Condemnation Proceeds and Liquidation Proceeds received in
respect of an REO Property. Funds in the REO Account may be invested in Permitted Investments in accordance with Section 3.06.
The Special Servicer shall give notice to the Trustee, the Certificate Administrator, and the Master Servicer of the location of the REO
Account when first established and of the new location of the REO Account prior to any change thereof.

(c)                                The Special Servicer shall withdraw from the REO Account funds necessary for the proper operation, management, insuring, leasing,
maintenance and disposition of any REO Property, but only to the extent of amounts on deposit in the REO Account relating to such REO
Property. On the later of the date that is (x) on or prior to the Determination Date (or with respect to a Serviced Companion Loan, on
the Business Day preceding each Serviced Whole Loan Remittance Date) or (y) two (2) Business Days after such amounts are received and
properly identified and determined to be available, the Special Servicer shall withdraw from the REO Account and remit to the Master Servicer,
which shall deposit into the Collection Account (or the Companion Distribution Account, as applicable), the aggregate of all amounts received
in respect of each REO Property during the most recently ended Collection Period, net of (i) any withdrawals made out of such amounts
pursuant to the preceding sentence and (ii) Net Investment Earnings on amounts on deposit in the REO Account; provided, however,
that the Special Servicer may retain in such REO Account, in accordance with the Servicing Standard, such portion of such balance as may
be necessary to maintain a reasonable reserve for repairs, replacements, leasing, management and tenant improvements and other related
expenses for the related REO Property. In addition, on or prior to the day the Special Servicer remits funds as provided in this Section 3.14(c),
the Special Servicer shall provide the Master Servicer with a written accounting of amounts remitted to the Master Servicer for deposit
in the Collection Account, as applicable, on such date. The Master Servicer shall apply all such amounts as instructed by the Special
Servicer on the day the Master Servicer receives the written accounting as provided in the previous sentence.

(d)                               The Special Servicer shall keep and maintain separate records, on a property-by-property basis, for the purpose of accounting
for all deposits to, and withdrawals from, the REO Account pursuant to Section 3.14(b) or Section 3.14(c).

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Section
3.15                      Management
of REO Property. (a) If title to any REO Property is acquired, the Special Servicer shall manage, consent, protect,
operate and lease such REO Property (other than any Non-Serviced Mortgaged Property) for the benefit of the Certificateholders,
the RR Interest Owners and the related Companion Holders, and the Trustee (as holder of the Lower-Tier Regular Interests) solely for
the purpose of its timely disposition and sale in a manner that does not cause such REO Property to fail to qualify as
“foreclosure property” within the meaning of Section 860G(a)(8) of the Code or result in the receipt by the Trust
or any Serviced Companion Noteholder of any “income from non-permitted assets” within the meaning of
Section 860F(a)(2)(B) of the Code or result in an Adverse REMIC Event. Subject to the foregoing, however, the Special
Servicer shall have full power and authority to do any and all things in connection therewith as are in the best interests of and
for the benefit of the Certificateholders and the RR Interest Owners (and, in the case of each Serviced Whole Loan, the related
Companion Holder(s)) and the Trustee (as holder of the Lower-Tier Regular Interests) all as a collective whole (taking into account
the subordinate or pari passu nature of any Companion Loans, as applicable) (as determined by the Special Servicer in its
reasonable judgment in accordance with the Servicing Standard). Notwithstanding anything to the contrary herein, REO Property with
respect to a Non-Serviced Mortgage Loan is excluded for all purposes of this Section 3.15. Subject to this Section 3.15,
the Special Servicer may allow the Trust or any commercial mortgage securitization that holds any Serviced Companion Loan to earn
“net income from foreclosure property” within the meaning of Section 860G(d) of the Code if it determines that
earning such income is in the best interests of Certificateholders and the RR Interest Owners and, if applicable, any related
Companion Holder(s) on a net after-tax basis as compared with net leasing such REO Property or operating such REO Property on a
different basis. In connection therewith, the Special Servicer shall deposit or cause to be deposited on a daily basis (and in no
event later than two (2) Business Days following receipt of such properly identified and available funds) in the applicable REO
Account all revenues received by it with respect to each REO Property and the related REO Loan, and shall withdraw from the REO
Account, to the extent of amounts on deposit therein with respect to such REO Property, funds necessary for the proper operation,
management, leasing and maintenance of such REO Property, including, without limitation:

(i)                                   all insurance premiums due and payable in respect of such REO Property;

(ii)                                all real estate taxes and assessments in respect of such REO Property that may result in the imposition of a lien thereon;

(iii)                             any ground rents in respect of such REO Property, if applicable; and

(iv)                            all costs and expenses necessary to maintain and lease such REO Property.

To the extent that amounts
on deposit in the REO Account in respect of any REO Property are insufficient for the purposes set forth in clauses (i) through
(iv) above with respect to such REO Property, the Master Servicer (subject to receiving notice from the Special Servicer in accordance
with the procedures set forth elsewhere in this Agreement) shall advance from its own funds such amount as is necessary for such purposes
unless (as evidenced by an Officer’s Certificate delivered to the Trustee, the Special Servicer, the Depositor, the Certificate
Administrator and (in respect of any Mortgage Loan other than an Excluded Loan, and prior to the

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occurrence of a Consultation Termination Event)
the Directing Certificateholder) such advances would, if made, constitute Nonrecoverable Servicing Advances.

(b)                               Without limiting the generality of the foregoing, the Special Servicer shall not:

(i)                                   permit the Trust to enter into, renew or extend any New Lease with respect to any REO Property, if the New Lease by its terms will
give rise to any income that does not constitute Rents from Real Property;

(ii)                                permit any amount to be received or accrued under any New Lease other than amounts that will constitute Rents from Real Property;

(iii)                             authorize or permit any construction on any REO Property, other than the completion of a building or other improvement thereon,
and then only if more than 10% of the construction of such building or other improvement was completed before default on the related Mortgage
Loan, became imminent, all within the meaning of Section 856(e)(4)(B) of the Code; or

(iv)                            Directly Operate, or allow any other Person, other than an Independent Contractor, to Directly Operate, any REO Property on any
date more than ninety (90) days after its acquisition date;

unless, in any such case, the Special Servicer
has obtained an Opinion of Counsel (the cost of which shall be paid by the Master Servicer as a Servicing Advance) to the effect that
such action will not cause such REO Property to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8)
of the Code at any time that it is held for the benefit of the Trust, in which case the Special Servicer may take such actions as are
specified in such Opinion of Counsel.

(c)                                The Special Servicer shall contract with any Independent Contractor for the operation and management of any REO Property within
ninety (90) days of the acquisition date thereof, provided that:

(i)                                   the terms and conditions of any such contract may not be inconsistent with this Agreement and shall reflect an agreement reached
at arm’s length;

(ii)                                the fees of such Independent Contractor (which shall be an expense of the Trust) shall be reasonable and customary in light of
the nature and locality of the Mortgaged Property;

(iii)                             any such contract shall require, or shall be administered to require, that the Independent Contractor (A) pay all costs and
expenses incurred in connection with the operation and management of such REO Property, including, without limitation, those listed in
subsection (a) hereof, and (B) remit all related revenues collected (net of its fees and such costs and expenses) to
the Special Servicer upon receipt;

(iv)                            none of the provisions of this Section 3.15(c) relating to any such contract or to actions taken through any such Independent
Contractor shall be deemed to relieve the

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Special Servicer of any of its duties
and obligations hereunder with respect to the operation and management of any such REO Property; and

(v)                               the Special Servicer shall be obligated to manage and supervise such Independent Contractor in accordance with the Servicing Standard.

The Special Servicer shall
be entitled to enter into any agreement with any Independent Contractor performing services for it related to its duties and obligations
hereunder for indemnification of the Special Servicer by such Independent Contractor, and nothing in this Agreement shall be deemed to
limit or modify such indemnification.

(d)                               When and as necessary, the Special Servicer shall send to the Trustee, the Certificate Administrator and the Master Servicer a
statement prepared by the Special Servicer setting forth the amount of net income or net loss, as determined for federal income tax purposes,
resulting from the operation and management of a trade or business on, the furnishing or rendering of a non-customary service to the
tenants of, or the receipt of any other amount not constituting Rents from Real Property in respect of, any REO Property in accordance
with Sections 3.15(a) and 3.15(b).

Section 3.16                   Sale of Defaulted Loans and REO Properties.
(a) (i) Within thirty (30) days after a Defaulted Loan has become a Specially Serviced Loan, the Special Servicer shall order
(but shall not be required to have received) an Appraisal and within thirty (30) days of receipt of the Appraisal shall determine the
fair value of such Defaulted Loan in accordance with the Servicing Standard; provided, however, that if the Special Servicer
is then in the process of obtaining an Appraisal with respect to the related Mortgaged Property, the Special Servicer shall make its fair
value determination as soon as reasonably practicable (but in any event within thirty (30) days) after its receipt of such an Appraisal.
The Special Servicer may, from time to time, adjust its fair value determination based upon changed circumstances, new information and
other relevant factors, in each instance in accordance with a review of such circumstances and new information in accordance with the
Servicing Standard including, without limitation, the period and amount of the occupancy level and physical condition of the related Mortgaged
Property and the state of the local economy; provided that the Special Servicer shall promptly notify the Master Servicer in writing
of the initial fair value determination and any adjustment to its fair value determination.

(ii)                                If any Mortgage Loan or Serviced Companion Loan subject to an Intercreditor Agreement is a Specially Serviced Loan or to the extent
otherwise required pursuant to the terms of the related Intercreditor Agreement, then the Special Servicer (with respect to a Specially
Serviced Loan) or the Master Servicer (with respect to a Non-Specially Serviced Loan) shall promptly notify in writing the other,
any related Companion Holder and any related mezzanine lender, as applicable, of any events requiring notice under the Intercreditor Agreement
in accordance with the terms thereof. Thereafter, any related Companion Holder and related mezzanine lender, as applicable, shall, notwithstanding
anything in this Section 3.16 to the contrary, have the option to purchase the related Mortgage Loan and cure defaults relating
thereto as and to the extent set forth in the related Intercreditor Agreement.

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(iii)                         If any Mortgage Loan not subject to an Intercreditor Agreement becomes a Specially Serviced Loan, or if the related Companion
Holder or related mezzanine lender, as applicable, for any such Mortgage Loan subject to an Intercreditor Agreement has not previously
exercised the option to purchase the Mortgage Loan pursuant to the previous paragraph, the Special Servicer shall use reasonable efforts
to solicit offers for each Defaulted Loan on behalf of the Certificateholders, the RR Interest Owners and the holder of any related Serviced
Companion Loan in such manner as will be reasonably likely to maximize the value of the Defaulted Loan on a net present value basis, if
and when the Special Servicer determines, consistent with the Servicing Standard, that no satisfactory arrangements (including by way
of a discounted pay-off) can be made for collection of delinquent payments thereon and such a sale would be in the best economic interests
of the Certificateholders and the RR Interest Owners and, if applicable, the related Companion Holder. In the case of the Non-Serviced
Mortgage Loan, under certain limited circumstances permitted under the related Intercreditor Agreement, to the extent that such Non-Serviced
Mortgage Loan is not sold together with the related Non-Serviced Companion Loan by the applicable Non-Serviced Special Servicer for the
related Non-Serviced Whole Loan, the Special Servicer shall be entitled to sell ((i) with the consent of the Directing Certificateholder
if no Control Termination Event has occurred and is continuing and (ii) after consulting with the Risk Retention Consultation Parties
pursuant to Section 6.08(a), in each case, provided such Non-Serviced Mortgage Loan is not an Excluded Loan) such Non-Serviced
Mortgage Loan if it determines in accordance with the Servicing Standard that such action would be in the best interests of the Certificateholders
and the RR Interest Owners and, Special Servicer shall be entitled to a Liquidation Fee to the same extent that the Special Servicer would
be entitled to such Liquidation Fee had such Non-Serviced Mortgage Loan been a Serviced Mortgage Loan. The Special Servicer is required
to give the Trustee, the Certificate Administrator, the Master Servicer, the Operating Advisor and (other than in respect of any Excluded
Loan) the Directing Certificateholder not less than ten (10) Business Days’ (or, if the Directing Certificateholder and the
Special Servicer are affiliates, five (5) Business Days’) prior written notice of its intention to sell any Defaulted Loan. In the
absence of a cash offer at least equal to the Purchase Price, the Special Servicer may purchase the Defaulted Loan for the Purchase Price
(provided that it gives at least ten (10) Business Days’ (or, if the Directing Certificateholder and the Special Servicer
are affiliates, five (5) Business Days’) prior written notice of its intention to purchase such Defaulted Loan to the Directing
Certificateholder and there is no higher offer within such time) or may accept the first cash offer received from any Person that constitutes
a fair price for the Defaulted Loan.

(iv)                            (A) In the case of a Defaulted Loan, in the absence of any offer at least equal to the Purchase Price pursuant to clause (iii)
above (or purchase by the Special Servicer for such price), the Special Servicer shall solicit offers and, subject to subclause (B)
below, may accept the highest offer received from any Person that is determined by the Special Servicer to constitute a fair price for
such Defaulted Loan, if the offeror is a Person other than an Interested Person. In determining whether any cash offer from a Person other
than an Interested Person constitutes a fair price for any Defaulted Loan, the Special Servicer shall take into account (in addition to
the results of any Appraisal, updated Appraisal or narrative appraisal that it may have obtained pursuant to this Agreement within the
prior 9 months), among other factors, the period and amount of the occupancy level and physical

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condition of the related Mortgaged Property
and the state of the local economy. If the offeror is an Interested Person (provided that the Trustee may not be an offeror), the
Trustee shall determine whether the cash offer constitutes a fair price; provided that no offer from an Interested Person shall
constitute a fair price unless (x) it is the highest offer received and (y) if the offer is less than the applicable Purchase
Price, at least two other offers are received from independent third parties. In determining whether any offer received from an Interested
Person represents a fair price for any such Defaulted Loan, the Trustee shall rely on the most recent Appraisal (or update of such Appraisal)
of the related Mortgaged Property conducted in accordance with this Agreement within the preceding nine-month period or, in the absence
of any such Appraisal, on a new Appraisal. Except as provided in the following paragraph, the cost of any Appraisal will be covered by,
and will be reimbursable as, a Servicing Advance by the Master Servicer.

Notwithstanding anything
contained in the preceding paragraph to the contrary, if the Trustee is required to determine whether a cash offer by an Interested Person
constitutes a fair price, the Trustee may (at its option and at the expense of the Interested Person) designate an independent third party
expert in real estate or commercial mortgage loan matters with at least five (5) years’ experience in valuing loans similar to the
subject Mortgage Loan or Serviced Whole Loan, that has been selected with reasonable care by the Trustee to determine if such cash offer
constitutes a fair price for such Mortgage Loan or Serviced Whole Loan. If the Trustee designates such a third party to make such determination,
the Trustee shall be entitled to rely conclusively upon such third party’s determination. The reasonable fees of, and the costs
of all Appraisals, inspection reports and broker opinions of value incurred by any such third party shall be covered by, and shall be
reimbursable by, the Interested Person; provided that the Trustee will not engage a third party expert whose fees exceed a commercially
reasonable amount as determined by the Trustee. The Special Servicer shall use efforts consistent with the Servicing Standard to collect
payment from such Interested Person. If such expense is not paid by the applicable Interested Person within thirty (30) days of demand
for payment, such expense shall be reimbursable to the Trustee by the Master Servicer as a Servicing Advance but the Special Servicer
shall continue to use efforts consistent with the Servicing Standard to collect such amounts from the applicable Interested Person. Neither
the Trustee, in its individual capacity, nor any of its Affiliates may make an offer for or purchase any Specially Serviced Loan.

(B)                             The Special Servicer will not be obligated to accept the highest offer if the Special Servicer determines (with respect to any
Mortgage Loan other than an Excluded Loan, in consultation with the Directing Certificateholder (unless a Consultation Termination Event
shall have occurred and be continuing) and the Risk Retention Consultation Parties subject, in each case, to the limitations on consultation
set forth in and in accordance with Section 6.08(a) and other than with respect to any Mortgage Loan that is an Excluded Loan as
to such party and, in the case of a Serviced Whole Loan or an REO Property related to a Serviced Whole Loan, the related Companion Holder),
in accordance with the Servicing Standard (and subject to the requirements of any related Intercreditor Agreement), that the rejection
of such offer would be in the best interests of the Holders of Certificates,

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the RR Interest Owners and, in the case
of a sale of a Serviced Whole Loan or an REO Property related to a Serviced Whole Loan, the related Companion Holder (as a collective
whole, as if such Certificateholders, the RR Interest Owners and, if applicable, the related Companion Holder constituted a single lender
(taking into account the subordinate or pari passu nature of such Companion Loan, as the case may be)). In addition, the Special
Servicer may accept a lower offer from any Person other than the Special Servicer or its Affiliate if it determines, in accordance with
the Servicing Standard, that the acceptance of such offer would be in the best interests of the Holders of Certificates, the RR Interest
Owners and, in the case of a sale of a Serviced Whole Loan or an REO Property related to a Serviced Whole Loan, the related Companion
Holder (as a collective whole, as if such Certificateholders and, if applicable, the related Companion Holder constituted a single lender
(taking into account the subordinate or pari passu nature of such Companion Loan, as the case may be)) (for example, if the prospective
buyer making the lower offer is more likely to perform its obligations, or the terms offered by the prospective buyer making the lower
offer are more favorable); provided that the offeror is not the Special Servicer or a Person that is an Affiliate of the Special
Servicer. The Special Servicer shall use reasonable efforts to sell all Defaulted Loans prior to the Rated Final Distribution Date. For
the avoidance of doubt, the Trustee shall have no obligation to make any fair value determination, to the extent required to do so pursuant
to this Section 3.16, on the basis of anything other than the related Appraisal.

(v)                               Unless and until any Specially Serviced Loan is sold pursuant to this Section 3.16(a), the Special Servicer shall pursue
such other resolution strategies with respect to such Specially Serviced Loan, including, without limitation, workout and foreclosure,
as the Special Servicer may deem appropriate, consistent with the Asset Status Report and the Servicing Standard and the REMIC Provisions.

(b)                               (i) (A) The Special Servicer may purchase any REO Property at the Purchase Price therefor (in the case of a Serviced
Whole Loan, such purchase shall be a purchase of the entire REO Property, including the portion relating to the related Companion Loan).
The Special Servicer may also offer to sell to any Person any REO Property (in the case of a Serviced Whole Loan, such sale shall be a
sale of the entire REO Property, including the portion relating to the related Companion Loan), if and when the Special Servicer determines,
consistent with the Servicing Standard, that such a sale would be in the best economic interest of the Trust and the related Companion
Holders. The Special Servicer shall give the Trustee, the Master Servicer, each Companion Holder, the Risk Retention Consultation Parties,
the Certificate Administrator and, in respect of any Mortgage Loan other than an Excluded Loan and prior to the occurrence of a Consultation
Termination Event, the Directing Certificateholder, not less than five (5) days’ prior written notice of the Purchase Price and
its intention to (i) purchase any REO Property at the Purchase Price therefor or (ii) sell any REO Property, in which case the
Special Servicer shall accept the highest offer received from any Person for any REO Property in an amount at least equal to the Purchase
Price therefor. To the extent permitted by applicable law, and subject to the Servicing Standard, the Master Servicer, an Affiliate of
the Master Servicer, the Special Servicer or an Affiliate of the Special Servicer, or an employee of either of them may act as broker
in connection with the sale of any REO Property and may retain from the proceeds of such sale a

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brokerage commission that does not exceed the
commission that would have been earned by an independent broker pursuant to a brokerage agreement entered into at arm’s length.

(B)                             In the absence of any such offer as set forth in subclause (A) above, the Special Servicer shall, subject to subclause (C)
below, accept the highest offer for such REO Property received from any Person that is determined to be a fair price (1) by the Special
Servicer, if the highest offeror is a Person other than an Interested Person, or (2) by the Trustee, if the highest offeror is an
Interested Person unless such offer by an Interested Person (i) is equal to or greater than the applicable Purchase Price and (ii) is
the highest offer received; provided, however, that absent an offer at least equal to the Purchase Price, no offer from
an Interested Person shall constitute a fair price unless (A) it is the highest offer received and (B) at least two other offers
are received from independent third parties. Notwithstanding anything to the contrary herein, neither the Trustee, in its individual capacity,
nor any of its Affiliates may make an offer for or purchase any REO Property pursuant hereto.

(C)                             The Special Servicer shall not be obligated by either of the foregoing paragraphs or otherwise to accept the highest offer if the
Special Servicer determines, in accordance with the Servicing Standard, that rejection of such offer would be in the best interests of
the Certificateholders, the RR Interest Owners and, with respect to any Serviced Whole Loan, the related Companion Holder, in either case,
as a collective whole (taking into account the subordinate or pari passu nature of any Serviced Companion Loans). In addition,
the Special Servicer may accept a lower offer if it determines, in accordance with the Servicing Standard, that acceptance of such offer
would be in the best interests of the Certificateholders, the RR Interest Owners and, with respect to any Serviced Whole Loan, the related
Companion Holder, in either case, as a collective whole (taking into account the subordinate or pari passu nature of any Serviced
Companion Loans) (for example, if the prospective buyer making the lower offer is more likely to perform its obligations, or the terms
offered by the prospective buyer making the lower offer are more favorable); provided that the offeror is not the Special Servicer
or a Person that is an Affiliate of the Special Servicer.

(D)                             In determining whether any offer received from an Interested Person represents a fair price for any REO Property, the Trustee shall
obtain and may conclusively rely on the opinion of an Independent appraiser or other Independent expert in real estate matters retained
by the Trustee in connection with making such determination. The reasonable cost of such Independent appraiser or other Independent expert
shall be an expense of the offering Interested Person purchaser. The reasonable fees and costs of all Appraisals, inspection reports and
broker opinions of value incurred by any such third party shall be covered by, and shall be reimbursable, from the offering Interested
Person and the Special Servicer shall use efforts consistent with the Servicing Standard to collect payment from such Interested Person.
If such expense is not paid by the applicable Interested Person within thirty (30) days of demand for payment, such expense shall be reimbursable
to the Trustee by the Master Servicer as a Servicing Advance but the Special Servicer shall continue to use efforts consistent with the
Servicing Standard to

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collect such amounts from the applicable
Interested Person. In determining whether any offer constitutes a fair price for any REO Property, the Special Servicer or the Trustee
(or, if applicable, such appraiser) shall take into account, and any appraiser or other expert in real estate matters shall be instructed
to take into account, as applicable, among other factors, the physical condition of such REO Property, the state of the local economy
and the Trust’s obligation to comply with REMIC Provisions.

(ii)                               Subject to the Servicing Standard, the Special Servicer shall act on behalf of the Trust and the related Companion Holders, in
negotiating and taking any other action necessary or appropriate in connection with the sale of any REO Property, including the collection
of all amounts payable in connection therewith. A sale of any REO Property shall be without recourse to, or representation or warranty
by, the Trustee, the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor or the
Trust (except that any contract of sale and assignment and conveyance documents may contain customary warranties of title, so long as
the only recourse for breach thereof is to the Trust) and, if consummated in accordance with the terms of this Agreement, none of the
Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator, the Operating Advisor nor the Trustee shall have
any liability to the Trust or any Certificateholder, any RR Interest Owner or related Companion Holder (if applicable) with respect to
the purchase price therefor accepted by the Special Servicer or the Trustee.

(c)                                Any sale of a Defaulted Loan or any REO Property shall be for cash only (unless changes in the REMIC Provisions or authoritative
interpretations thereof made or issued subsequent to the Startup Day allow a sale for other consideration).

(d)                               With respect to each Serviced Pari Passu Whole Loan, pursuant to the terms of the related Intercreditor Agreement and this Agreement,
if the related Serviced Pari Passu Whole Loan becomes a Defaulted Loan, and if the Special Servicer determines to sell the related Mortgage
Loan that has become a Defaulted Loan in accordance with this Section 3.16, then the Special Servicer shall sell the related
Serviced Pari Passu Companion Loan together with such Mortgage Loan as one whole loan and shall require that all offers be submitted to
the Special Servicer in writing. With respect to the Serviced AB Whole Loan, to the extent not prohibited by the related Intercreditor
Agreement, the Special Servicer shall sell the Serviced AB Subordinate Companion Loan along with the related Mortgage Loan and any related
Pari Passu Companion Loans if it determines that a sale of the Serviced AB Whole Loan would maximize recoveries on the Serviced AB Whole
Loan in accordance with the Servicing Standard and the Special Servicer shall be entitled to a Liquidation Fee for the entire AB Whole
Loan. In addition, prior to the occurrence and continuance of a Control Appraisal Period with respect to any Serviced AB Whole Loan, the
Special Servicer shall only sell such Serviced AB Whole Loan for less than the Purchase Price with the consent of the holder of the related
Serviced AB Subordinate Companion Loan. To the extent a determination is required to be made hereunder as to whether any cash offer constitutes
a fair price for the Serviced Whole Loan, such determination shall be made by the Special Servicer unless the offeror is an Interested
Person and by the Trustee if the offeror is an Interested Person. Notwithstanding the foregoing, the Special Servicer will not be permitted
to sell the related Mortgage Loan together with the related Serviced Pari Passu Companion Loan(s) if it becomes a

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defaulted Whole Loan without the written consent
of the holder of the related Serviced Pari Passu Companion Loan (provided that such consent is not required if the holder of the
Serviced Pari Passu Companion Loan is the Mortgagor or an Affiliate of the Mortgagor) unless the Special Servicer has delivered to the
Other Servicer under the applicable Other Securitization, who shall deliver to the related directing certificateholder for the holder
of the related Serviced Pari Passu Companion Loan: (a) at least fifteen (15) Business Days prior written notice of any decision to attempt
to sell such Serviced Whole Loan; (b) at least ten (10) days prior to the permitted sale date, a copy of each bid package (together
with any material amendments to such bid packages) received by the Special Servicer in connection with any such proposed sale; (c) at
least ten (10) days prior to the proposed sale date, a copy of the most recent appraisal for such Serviced Pari Passu Whole Loan, and
any documents in the servicing file reasonably requested by the holder of the related Serviced Pari Passu Companion Loan that are material
to the sale price of such Serviced Pari Passu Whole Loan; and (d) until the sale is completed, and a reasonable period of time (but
no less time than is afforded to other offerors and the Directing Certificateholder) prior to the proposed sale date, all information
and other documents being provided to other offerors and all leases or other documents that are approved by the Master Servicer or the
Special Servicer in connection with the proposed sale. The holder of the related Serviced Pari Passu Companion Loan (or its representative)
will be permitted to submit an offer at any sale of such Serviced Whole Loan; provided, however, the related Mortgagor and
its agents and Affiliates shall not be permitted to submit an offer at such sale. Notwithstanding the foregoing, with respect to each
Serviced Pari Passu Whole Loan, the holder of the related Companion Loan may waive any of the delivery or timing requirements set forth
in this paragraph with respect to the related Serviced Whole Loan. If the Trustee is required to determine whether a cash offer by an
Interested Person constitutes a fair price, the Trustee may (at its option and at the expense of the offering Interested Person purchaser)
designate an independent third party expert in real estate or commercial mortgage loan matters with at least five (5) years’ experience
in valuing loans similar to the subject Mortgage Loan or Serviced Whole Loan, as the case may be, that has been selected with reasonable
care by the Trustee to determine if such cash offer constitutes a fair price for such Mortgage Loan or Serviced Whole Loan. If the Trustee
designates such a third party to make such determination, the Trustee shall be entitled to rely conclusively upon such third party’s
determination. The reasonable fees of, and the costs of all appraisals, inspection reports and broker opinions of value incurred by any
such third party pursuant to this paragraph shall be covered by, and shall be reimbursable, from the Interested Person; provided
that Trustee will not engage a third party expert whose fees exceed a commercially reasonable amount as determined by the Trustee.

(e)                                (i) Notwithstanding anything in this Section 3.16 to the contrary, pursuant to the terms of the related Intercreditor
Agreement, the holder of the related AB Subordinate Companion Loan for each applicable Serviced Whole Loan will have the right to purchase
the related Mortgage Loan or related REO Property, as applicable. Such right of the holder of such AB Subordinate Companion Loan shall
be given priority over any provision described in this Section 3.16 as and to the extent set forth in the related Intercreditor
Agreement. If the related Mortgage Loan or related REO Property is purchased by the holder of such AB Subordinate Companion Loan, repurchased
by the applicable Mortgage Loan Seller or otherwise ceases to be subject to this Agreement, the related AB Subordinate Companion Loan
will no longer be subject to this Agreement.

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(ii)                                Notwithstanding anything in this Section 3.16 to the contrary, any mezzanine lender will have the right to purchase
the related Mortgage Loan or REO Property, as applicable, and cure defaults relating thereto, as and to the extent set forth in the related
Intercreditor Agreement.

(f)                                  Unless otherwise provided in an Intercreditor Agreement the sale of any Mortgage Loan pursuant to this Section 3.16
will be on a servicing released basis.

(g)                               In the event the Master Servicer or the Special Servicer has the right to purchase any Companion Loan on behalf of the Trust pursuant
to the related Intercreditor Agreement, neither the Master Servicer nor the Special Servicer shall exercise such right.

Section 3.17                   Additional Obligations of Master Servicer and Special Servicer. (a) The Master Servicer shall deliver all Compensating
Interest Payments (other than the portion of any Compensating Interest Payment allocated to a Serviced Pari Passu Companion Loan) to the
Certificate Administrator for deposit in the Lower-Tier REMIC Distribution Account on each Master Servicer Remittance Date, without
any right of reimbursement therefor. The Master Servicer shall deliver the portion of any Compensating Interest Payment allocated to a
Serviced Pari Passu Companion Loan to the Companion Paying Agent for deposit in the Companion Distribution Account on each Master Servicer
Remittance Date, without any right of reimbursement therefor.

(b)                               The Master Servicer or the Special Servicer, as applicable, shall provide to each Companion Holder any reports or notices required
to be delivered to such Companion Holder pursuant to the related Intercreditor Agreement.

(c)                                Upon the determination that a previously made Advance is a Nonrecoverable Advance, to the extent that the reimbursement thereof
would exceed the full amount of the principal portion of general collections on the Mortgage Loans deposited in the Collection Account
and available for distribution on the next Distribution Date, the Master Servicer, the Special Servicer or the Trustee, each at its own
option and in its sole discretion, as applicable, instead of obtaining reimbursement for the remaining amount of such Nonrecoverable Advance
pursuant to Section 3.05(a)(v) immediately, as an accommodation may elect to refrain from obtaining such reimbursement for
such portion of the Nonrecoverable Advance during the one month collection period ending on the then-current Determination Date, for
successive one-month periods for a total period not to exceed twelve (12) months (provided that, with respect to any Mortgage
Loan other than an Excluded Loan, any such deferral exceeding six (6) months shall require, prior to the occurrence and continuance of
any Control Termination Event, the consent of the Directing Certificateholder), and any election to so defer or not to defer shall be
deemed to be in accordance with the Servicing Standard. If the Master Servicer, the Special Servicer or the Trustee makes such an election
at its sole option and in its sole discretion to defer reimbursement with respect to all or a portion of a Nonrecoverable Advance (together
with interest thereon), then such Nonrecoverable Advance (together with interest thereon) or portion thereof shall continue to be fully
reimbursable in the subsequent collection period (subject, again, to the same sole option to defer; it is acknowledged that, in such a
subsequent period, such Nonrecoverable Advance shall again be payable first from principal collections as described above prior
to payment from other collections). In connection with a potential election by the Master

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Servicer, the Special Servicer or the Trustee
to refrain from the reimbursement of a particular Nonrecoverable Advance or portion thereof during the one month collection period ending
on the related Determination Date for any Distribution Date, the Master Servicer, the Special Servicer or the Trustee shall further be
authorized to wait for principal collections on the Mortgage Loans to be received until the end of such collection period before making
its determination of whether to refrain from the reimbursement of a particular Nonrecoverable Advance or portion thereof; provided,
however, that if, at any time the Master Servicer, the Special Servicer or the Trustee, as applicable, elects, in its sole discretion,
not to refrain from obtaining such reimbursement or otherwise determines that the reimbursement of a Nonrecoverable Advance during a one-month
collection period will exceed the full amount of the principal portion of general collections deposited in the Collection Account for
such Distribution Date, then the Master Servicer, the Special Servicer or the Trustee, as applicable, shall use its reasonable efforts
to give the 17g-5 Information Provider fifteen (15) days’ notice of such determination for posting on the 17g-5 Information
Provider’s Website pursuant to Section 3.13(c), unless extraordinary circumstances make such notice impractical, and
thereafter shall deliver such notice to the 17g-5 Information Provider as soon as practical thereafter. Notwithstanding the foregoing,
failure to give notice as required by the preceding sentence shall in no way affect the Master Servicer’s, the Special Servicer’s
or the Trustee’s election whether to refrain from obtaining such reimbursement as described in this Section 3.17(c).
Nothing herein shall give the Master Servicer or the Trustee the right to defer reimbursement of a Nonrecoverable Advance to the extent
of any principal collections then available in the Collection Account pursuant to Section 3.05(a)(v).

The foregoing shall not,
however, be construed to limit any liability that may otherwise be imposed on such Person for any failure by such Person to comply with
the conditions to making such an election under this section or to comply with the terms of this section and the other provisions of this
Agreement that apply once such an election, if any, has been made; provided, however, that the fact that a decision to recover
such Nonrecoverable Advances over time, or not to do so, benefits some classes of Certificateholders or the RR Interest Owners to the
detriment of other classes shall not, with respect to the Master Servicer or the Special Servicer, as applicable, constitute a violation
of the Servicing Standard and/or with respect to the Trustee (solely in its capacity as Trustee), constitute a violation of any fiduciary
duty to Certificateholders or any contractual obligation hereunder. If the Master Servicer, the Special Servicer or the Trustee, as applicable,
determines, in its sole discretion, that its ability to fully recover the Nonrecoverable Advances has been compromised, then the Master
Servicer or the Trustee, as applicable, shall be entitled to immediate reimbursement of Nonrecoverable Advances with interest thereon
at the Reimbursement Rate from all amounts in the Collection Account for such Distribution Date (deemed first from principal and
then interest). Any such election by any such party to refrain from reimbursing itself or obtaining reimbursement for any Nonrecoverable
Advance or portion thereof with respect to any one or more collection periods shall not limit the accrual of interest at the Reimbursement
Rate on such Nonrecoverable Advance for the period prior to the actual reimbursement of such Nonrecoverable Advance. The Master Servicer’s,
the Special Servicer’s or the Trustee’s, as applicable, agreement to defer reimbursement of such Nonrecoverable Advances as
set forth above is an accommodation to the Certificateholders and the RR Interest Owners and shall not be construed as an obligation on
the part of the Master Servicer, the Special Servicer or the Trustee, as applicable, or a right of the Certificateholders or the RR Interest
Owners. Nothing herein shall be deemed to create in the Certificateholders or the RR Interest Owners a right to prior payment of distributions
over the Master Servicer’s, the Special Servicer’s or the

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Trustee’s, as applicable, right to reimbursement
for Advances (deferred or otherwise) and accrued interest thereon. In all events, the decision to defer reimbursement or to seek immediate
reimbursement of Nonrecoverable Advances shall be deemed to be in accordance with the Servicing Standard and none of the Master Servicer,
the Special Servicer, the Trustee or the other parties to this Agreement shall have any liability to one another or to any of the Certificateholders,
the RR Interest Owners or any of the Companion Holders for any such election that such party makes as contemplated by this section or
for any losses, damages or other adverse economic or other effects that may arise from such an election.

With respect to any modification
or amendment of any Intercreditor Agreement related to a Serviced Whole Loan (to the extent received), the Master Servicer or the Special
Servicer, as applicable, shall provide to the 17g-5 Information Provider a copy of any such modification or amendment, which the 17g-5
Information Provider shall promptly post on the 17g-5 Information Provider’s Website in accordance with Section 3.13(c).

(d)                               With respect to any Mortgage Loan (or Serviced Whole Loan), if the related loan documents permit the lender to (but do not require
the lender to), at its option, prior to an event of default under the related Mortgage Loan (or Serviced Whole Loan), apply amounts held
in any reserve account as a prepayment or hold such amounts in a reserve account, the Master Servicer or Special Servicer, as applicable,
may not apply such amounts as a prepayment, and will instead continue to hold such amounts in the applicable reserve account, unless not
applying those amounts as a prepayment would be a violation of the Servicing Standard. Such amount may be used, if permitted under the
loan documents, to defease the loan, or may be used to prepay the Mortgage Loan (or Serviced Whole Loan), or for other purpose consistent
with the Servicing Standard and the loan documents, upon a subsequent default.

(e)                                 Within three (3) Business Days after the execution of any amendment or modification of any Intercreditor Agreement, the Master
Servicer or the Special Servicer, as applicable, shall provide to the Certificate Administrator a copy of such modification or amendment
of any such Intercreditor Agreement, and such amendment or modification shall be a Reportable Event as set forth in Section 11.07.

Section 3.18                   Modifications, Waivers, Amendments and Consents. (a)  Except as set forth in Section 3.08(a), Section 3.08(b),
this Section 3.18(a), Section 3.18(c), Section 3.18(f), Section 3.18(g), Section 3.18(j) and Section 6.08,
but subject to any other conditions set forth thereunder and, with respect to any Mortgage Loan (other than any Non-Serviced Mortgage
Loan) or any Serviced Whole Loan, (and with respect to any Serviced Whole Loan, subject to the rights of the related Companion Holder,
as applicable, to advise or consult with the Special Servicer with respect to, or to consent to, a modification, waiver or amendment,
in each case, pursuant to the terms of the related Intercreditor Agreement), the Special Servicer shall not modify, waive or amend the
terms of a Mortgage Loan and/or related Companion Loan that would constitute a Major Decision without (x) (i) prior to the occurrence
of a Control Termination Event and (ii) other than with respect to any Excluded Loan, the consent (or deemed consent) of the Directing
Certificateholder (or, with respect to any Serviced AB Whole Loan, prior to the occurrence and continuance of a related AB Control Appraisal
Period, the related AB Whole Loan Controlling Holder, to the extent required under the related Intercreditor Agreement) having been obtained
by the Special Servicer to the extent required by, and pursuant to the process described under,

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Section 6.08(a), (y) (i) after
the occurrence and during the continuance of a Control Termination Event and (ii) other than with respect to any Excluded Loan, but prior
to the occurrence and continuance of a Consultation Termination Event, the Special Servicer having consulted with the Directing Certificateholder
if and to the extent required pursuant to Section 6.08(a) or (z) and the Special Servicer having consulted with the Risk Retention
Consultation Parties on a non-binding basis (to the extent the Risk Retention Consultation Parties have consultation rights pursuant to
Section 6.08 of this Agreement); and provided, further, that no extension entered into pursuant to this Section 3.18(a)
shall extend the Maturity Date beyond the earlier of (i) five (5) years prior to the Rated Final Distribution Date and (ii) in
the case of a Mortgage Loan secured solely or primarily by a leasehold estate and not also the related fee interest, the date twenty (20)
years or, to the extent consistent with the Servicing Standard giving due consideration to the remaining term of the Ground Lease, ten
(10) years, prior to the expiration of such leasehold estate. If such extension would extend the Maturity Date of such Mortgage Loan and/or
related Companion Loan for more than twelve (12) months from and after the original Maturity Date of such Mortgage Loan and/or related
Companion Loan and such Mortgage Loan and/or related Companion Loan is not in default or default with respect thereto is not reasonably
foreseeable, prior to any such extension, the Special Servicer shall (1) provide the Trustee, the Certificate Administrator, the
Master Servicer, the Operating Advisor and ((i) prior to the occurrence of a Consultation Termination Event and (ii) other than
with respect to any Excluded Loan) the Directing Certificateholder, with an Opinion of Counsel (at the expense of the related Mortgagor
to the extent permitted under the Mortgage Loan documents and, if not required or permitted to be paid by the Mortgagor, to be paid as
an expense of the Trust in accordance with Section 3.11(d)) that such extension would not constitute a “significant modification”
of the Mortgage Loan and/or Serviced Companion Loan within the meaning of Treasury Regulations Section 1.860G-2(b) and (2) subject
to the Servicing Standard, ((i) prior to the occurrence and continuance of a Control Termination Event and (ii) other than with
respect to an Excluded Loan) obtain the consent of the Directing Certificateholder (or, with respect to any Serviced AB Whole Loan, prior
to the occurrence and continuance of a related AB Control Appraisal Period, the related AB Whole Loan Controlling Holder, to the extent
required under the related Intercreditor Agreement) (or (i) after the occurrence and during the continuance of a Control Termination
Event, but prior to the occurrence and continuance of a Consultation Termination Event and (ii) other than with respect to any Excluded
Loan, consult with the Directing Certificateholder pursuant to the process described in Section 6.08(a). Notwithstanding the foregoing,
subject to the rights of the related Companion Holder to advise the Master Servicer with respect to, or consent to, such modification,
waiver or amendment pursuant to the terms of the related Intercreditor Agreement, the Master Servicer, with respect to Non-Specially
Serviced Loans, without the consent of the applicable Special Servicer or the Directing Certificateholder, may modify or amend the terms
of any Non-Specially Serviced Loan and/or related Serviced Companion Loan in order to (i) cure any ambiguity or mistake therein or
(ii) correct or supplement any provisions therein which may be inconsistent with any other provisions therein or correct any error;
provided that, if the Mortgage Loan (other than any Non-Serviced Mortgage Loan) and/or related Serviced Companion Loan is not in default
or default with respect thereto is not reasonably foreseeable, such modification or amendment would not be a “significant modification”
of the Mortgage Loan and/or related Serviced Companion Loan within the meaning of Treasury Regulations Section 1.860G-2(b).

Subject to Section 6.08,
applicable law and the Mortgage Loan and/or related Serviced Companion Loan documents, neither the Master Servicer nor the Special Servicer
shall

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permit the substitution of any Mortgaged Property
(or any portion thereof) for one or more other parcels of real property at any time the Mortgage Loan and/or related Serviced Companion
Loan is not in default pursuant to the terms of the related Mortgage Loan and/or related Serviced Companion Loan documents or default
with respect thereto is not reasonably foreseeable unless (i) the Master Servicer or the Special Servicer, as applicable, obtains
Rating Agency Confirmation from each Rating Agency (and delivers such Rating Agency Confirmation to the Directing Certificateholder, if
permitted by the applicable Rating Agency) and a confirmation of any applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced Companion Loan Securities (if any) (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25) and (ii) such substitution would not be a “significant
modification” of the Mortgage Loan and/or related Serviced Companion Loan within the meaning of Treasury Regulations Section 1.860G-2(b)
or otherwise cause an Adverse REMIC Event to occur (and the Master Servicer or Special Servicer, as applicable, may obtain and rely upon
an Opinion of Counsel (at the expense of the related Mortgagor if not prohibited by the terms of the related Mortgage Loan documents,
and if so prohibited, at the expense of the Trust) with respect thereto).

In connection with (i) the
release of a Mortgaged Property (other than any Non-Serviced Mortgaged Property), or any portion of such Mortgaged Property from the lien
of the related Mortgage or (ii) the taking of a Mortgaged Property (other than any Non-Serviced Mortgaged Property), or any portion
of such Mortgaged Property by exercise of the power of eminent domain or condemnation, if the related Mortgage Loan documents require
the Master Servicer or the Special Servicer, as applicable, to calculate (or to approve the calculation of the related Mortgagor of) the
loan-to-value ratio of the remaining Mortgaged Property or Mortgaged Properties or the fair market value of the real property
constituting the remaining Mortgaged Property or Mortgaged Properties, for purposes of REMIC qualification of the related Mortgage Loan,
then such calculation shall, unless then permitted by the REMIC Provisions, exclude the value of personal property and going concern value,
if any, as determined by an appropriate third party.

If, following any such release
or taking, the loan-to-value ratio (as so calculated) is greater than 125%, the Master Servicer or Special Servicer, as applicable, shall
require payment of principal by a “qualified amount” as determined under Revenue Procedure 2010-30 or any successor provision,
unless the related Mortgagor provides an Opinion of Counsel (at the expense of the related Mortgagor if allowed by the terms of the related
Mortgage Loan documents, and if not allowed, at the expense of the Trust) that, if such amount is not paid, the related Mortgage Loan
will not fail to be a Qualified Mortgage.

Upon receiving a request
for any matter described in this Section 3.18(a) that constitutes a Major Decision with respect to a Mortgage Loan that is
a Non-Specially Serviced Loan, the Master Servicer shall promptly forward such request to the Special Servicer and the Special Servicer
shall process such request (including, without limitation, interfacing with the Mortgagor) and except as provided in the next sentence,
the Master Servicer shall have no further obligation with respect to such request or the Major Decision. The Master Servicer shall deliver
to the Special Servicer any additional information in the Master Servicer’s possession requested

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by the Special Servicer relating to such Major
Decision. The Master Servicer shall not be permitted to process any Major Decision and shall not be required to interface with the Mortgagor
or provide a written recommendation and/or analysis with respect to any Major Decision unless the Master Servicer and the Special Servicer
mutually agree that the Master Servicer will process such Major Decision with respect to a Mortgage Loan that is not a Specially Serviced
Loan in accordance with terms and conditions reasonably agreed to by the Master Servicer and the Special Servicer, including the Special
Servicer’s consent (which will be deemed given in accordance with Section 6.08).

(b)                               If the Special Servicer determines that a modification, waiver or amendment (including, without limitation, the forgiveness or
deferral of interest or principal or the substitution of collateral pursuant to the terms of the Mortgage Loan (other than any Non-Serviced
Mortgage Loan) and/or related Serviced Companion Loan or otherwise, the release of collateral or the pledge of additional collateral)
of the terms of a Specially Serviced Loan (or any Non-Specially Serviced Loan with respect to which such determination derives from the
Special Servicer’s consideration of a Major Decision that is subject to its processing and/or consent rights pursuant to Section
3.18) with respect to which a payment default or other material default has occurred or a payment default or other material default
is, in the Special Servicer’s judgment, reasonably foreseeable (as evidenced by an Officer’s Certificate of the Special Servicer),
is reasonably likely to produce a greater recovery on a net present value basis (the relevant discounting to be performed at the related
Mortgage Rate) to the Trust and, if applicable, the Companion Holders, as the holders of the related Serviced Companion Loan, than liquidation
of such Specially Serviced Loan, then the Special Servicer may agree to a modification, waiver or amendment of such Specially Serviced
Loan (or any Non-Specially Serviced Loan with respect to which such determination derives from the Special Servicer’s consideration
of a Major Decision that is subject to its processing and/or consent rights pursuant to Section 3.18), subject to (x) the
provisions of this Section 3.18(b) and Section 3.18(c), (y) with respect to any Mortgage Loan other than
any Excluded Loan, prior to the occurrence and continuance of a Control Termination Event, the approval of the Directing Certificateholder
(or after the occurrence and during the continuance of a Control Termination Event, but prior to a Consultation Termination Event, upon
consultation with the Directing Certificateholder) as provided in Section 6.08; provided that with respect to any Serviced
AB Whole Loan, prior to the occurrence and continuance of the related AB Control Appraisal Period, the approval of the related AB Whole
Loan Controlling Holder will be required to the extent set forth in the related Intercreditor Agreement and the Directing Certificateholder
shall have no consent or consultation rights regarding the matter; and (z) additionally, with respect to a Serviced Whole Loan, the
rights of the related Companion Noteholder or with respect to a Mortgage Loan (other than any Non-Serviced Mortgage Loan) with mezzanine
debt, the rights of the related mezzanine lender, to advise or consult with the Special Servicer with respect to, or consent to, such
modification, waiver or amendment, in each case, pursuant to the terms of the related Intercreditor Agreement or mezzanine intercreditor
agreement, as applicable; provided that in the case of any release or substitution of collateral (other than a defeasance), the
Special Servicer shall have obtained an Opinion of Counsel that such release or substitution would not be a “significant modification”
of the Mortgage Loan within the meaning of Treasury Regulations Section 1.860G-2(b) or otherwise cause an Adverse REMIC Event
to occur. Notwithstanding anything herein to the contrary, with respect to any Excluded Loan (regardless of whether a Control Termination
Event has occurred and is continuing), the Special Servicer shall consult with the Operating Advisor, on a non-binding basis, in connection
with the related transactions involving

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proposed Major Decisions that it is processing
or for which consent is required and consider alternative actions recommended by the Operating Advisor, in respect thereof, in accordance
with the procedures set forth in Section 6.08 for consulting with the Operating Advisor.

The Special Servicer shall
use its reasonable efforts to the extent possible to cause each Specially Serviced Loan to fully amortize prior to the Rated Final Distribution
Date and shall not agree to a modification, waiver or amendment of any term of any Specially Serviced Loan if such modification, waiver
or amendment would (1) extend the Maturity Date of any such Specially Serviced Loan to a date occurring later than the earlier of
(a) five (5) years prior to the Rated Final Distribution Date and (b) if such Specially Serviced Loan is secured solely or primarily
by a leasehold estate and not also the related fee interest, the date occurring twenty (20) years or, to the extent consistent with the
Servicing Standard giving due consideration to the remaining term of the Ground Lease and, ((i) prior to the occurrence and continuance
of a Control Termination Event and (ii) other than with respect to any Excluded Loan) with the consent of the Directing Certificateholder,
ten (10) years prior to the expiration of such leasehold estate (including any options to extend such leasehold estate exercisable unilaterally
by the related Mortgagor), or (2) provide for the deferral of interest unless interest accrues on the related Mortgage Loan, or Serviced
Whole Loan generally at the related Mortgage Rate.

(c)                                Any provision of this Section 3.18 to the contrary notwithstanding, except when a Mortgage Loan and/or Companion Loan
is in default or default with respect thereto is reasonably foreseeable, no fee described in this Section 3.18 shall be collected
by any Master Servicer or Special Servicer from a Mortgagor (or on behalf of the Mortgagor) in conjunction with any consent or any modification,
waiver or amendment of a Mortgage Loan or Companion Loan, as applicable (unless the amount thereof is specified in the related Mortgage
Note) if the collection of such fee would cause such consent, modification, waiver or amendment to be a “significant modification”
of the Mortgage Note within the meaning of Treasury Regulations Section 1.860G-2(b).

To the extent consistent
with this Agreement (including, without limitation, the first sentence of Section 3.18(a), and Section 6.08),
the Master Servicer (as provided in Section 3.08(a), 3.08(b) and Section 3.18(j) if such matter constitutes
a Master Servicer Decision) or the Special Servicer (as provided in Section 3.08(a), Section 3.08(b) and Section 3.18(a)
if any such waiver, modification or amendment constitutes a Major Decision) may, consistent with the Servicing Standard, agree to any
waiver, modification or amendment of a Mortgage Loan and/or Serviced Companion Loan that is not in default or as to which default is not
reasonably foreseeable only if the contemplated waiver, modification or amendment (i) will not be a “significant modification”
of the Mortgage Loan within the meaning of Treasury Regulations Section 1.860G-2(b) and (ii) will not cause an Adverse REMIC
Event to occur. In making this determination, the Master Servicer or Special Servicer may obtain and rely upon (and shall provide to the
Trustee and the Certificate Administrator if obtained) an Opinion of Counsel (at the expense of the related Mortgagor or such other Person
requesting such modification or, if such expense cannot be collected from the related Mortgagor or such other Person, to be paid out of
the Collection Account pursuant to Section 3.05(a); provided that the Master Servicer or Special Servicer, as the case
may be, shall use its reasonable efforts to collect such fee from the Mortgagor or such other Person to the extent permitted under the
related Mortgage Loan documents). Notwithstanding the foregoing, neither the Master Servicer nor the Special Servicer may waive the payment
of any Prepayment

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Premium or Yield Maintenance Charge or the
requirement that any prepayment of a Mortgage Loan be made on a Due Date, or if not made on a Due Date, be accompanied by all interest
that would be due on the next Due Date with respect to any Mortgage Loan, Serviced Companion Loan that is not a Specially Serviced Loan.

(d)                               Subject to Section 3.18(c), the Master Servicer and the Special Servicer each may, as a condition to its granting any
request by a Mortgagor for consent, modification (including extensions), waiver or indulgence or any other matter or thing, the granting
of which is within the Master Servicer’s or the Special Servicer’s, as the case may be, discretion pursuant to the terms of
the instruments evidencing or securing the related Mortgage Loan or Companion Loan and is permitted by the terms of this Agreement, require
that such Mortgagor pay to the Master Servicer or the Special Servicer, as the case may be, as additional servicing compensation, a reasonable
or customary fee, for the additional services performed in connection with such request; provided that the charging of such fee
is not a “significant modification” of the Mortgage Loan within the meaning of Treasury Regulations Section 1.860G-2(b).

(e)                                All modifications (including extensions), waivers and amendments of the Mortgage Loans and/or Companion Loans entered into pursuant
to this Section 3.18 shall be in writing, signed by the Master Servicer or the Special Servicer, as the case may be, and the
related Mortgagor (and by any guarantor of the related Mortgage Loan, if such guarantor’s signature is required by the Special Servicer
in accordance with the Servicing Standard).

With respect to any modification,
waiver or amendment for which it is responsible for processing pursuant to Section 3.18(a) (including, for the avoidance of
doubt, any property management changes), the Special Servicer shall notify the Master Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor (only if a Control Termination Event is continuing), the Directing Certificateholder (other than (i) following
the occurrence of a Consultation Termination Event and (ii) with respect to any Excluded Loan), the Risk Retention Consultation Parties
(other than with respect to any Excluded Loan), the applicable Companion Holder (unless, with respect to a holder of a Serviced AB Subordinate
Companion Loan, an AB Control Appraisal Period has occurred, if applicable), the related Mortgage Loan Seller (if such Mortgage Loan Seller
is not a Master Servicer or Sub-Servicer of such Mortgage Loan or the Directing Certificateholder) and the 17g-5 Information Provider
(which shall promptly post such notice on the 17g-5 Information Provider’s Website in accordance with Section 3.13(c))
in writing of any modification, waiver or amendment (in each case, after it is finalized and executed) of any term of any Mortgage Loan
or Companion Loan that is modified, waived or amended and the date thereof. With respect to any modification, waiver or amendment (in
each case, after it is finalized and executed) for which it is responsible for processing pursuant to Section 3.18(a) (including,
for the avoidance of doubt, any property management changes), the Master Servicer shall provide written notice of any such modification,
waiver or amendment to the Trustee, the Certificate Administrator, the Special Servicer (and the Special Servicer shall, prior to the
occurrence of a Consultation Termination Event and other than with respect to an Excluded Loan, forward such notice to the Directing Certificateholder,
unless the Directing Certificateholder notifies the Special Servicer that it does not want to receive such notices), the applicable Companion
Holder (unless, with respect to a holder of a Serviced AB Subordinate Companion Loan, an AB Control Appraisal Period has occurred, if
applicable) and the related Mortgage Loan Seller (so long as such Mortgage Loan Seller is not a Master Servicer or Sub-Servicer of
such Mortgage Loan or the Directing

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Certificateholder) and the 17g-5 Information
Provider (which shall promptly post such notice on the 17g-5 Information Provider’s Website in accordance with Section 3.13(c)).
The party responsible for delivering notice shall deliver to the Custodian with a copy to the Master Servicer (if such notice is being
delivered by the Special Servicer) for deposit in the related Mortgage File, an original counterpart of the agreement relating to such
modification, waiver or amendment, promptly (and in any event within ten (10) Business Days) following the execution thereof, with a copy
to the applicable Companion Holder, if any. Following receipt of the Master Servicer’s or the Special Servicer’s, as applicable,
delivery of the aforesaid modification, waiver or amendment to the Certificate Administrator, the Certificate Administrator shall forward
a copy thereof to each Holder of a Certificate (other than the Class R Certificates) upon request. With respect to the processing
of any modification, waiver or consent related to any Mortgagor incurring additional secured debt or mezzanine debt, the Special Servicer
(if the Special Servicer processes such modification, waiver or consent pursuant to Section 3.18(a)) or the Master Servicer
(if the Master Servicer processes such modification, waiver or consent pursuant to Section 3.18(j)) shall, on or before the
later of (i) 3:00 p.m. on the related Master Servicer Remittance Date and (ii) five (5) Business Days immediately following
the Master Servicer or Special Servicer, as applicable, obtaining actual knowledge of the incurrence of such additional secured debt or
mezzanine debt, deliver notice of the Mortgagor’s incurrence of such debt, substantially in the form of Exhibit KK,
to cts.sec.notifications@wellsfargo.com. The notice contemplated in the preceding sentence shall set forth, to the extent the Special
Servicer or Master Servicer, as applicable, has the requisite information or can reasonably obtain such information, (1) the amount of
additional secured debt that was incurred in the related Collection Period, (2) the total debt service coverage ratio calculated on the
basis of such Mortgage Loan and additional secured debt, and (3) the aggregate LTV Ratio calculated on the basis of such Mortgage
Loan and additional secured debt. In the event that either (i) the CREFC® Investor Reporting Package is amended to
include such information set forth above, in a manner reasonably acceptable to the Master Servicer, Special Servicer and Certificate Administrator,
as applicable, and the Master Servicer confirms with the Certificate Administrator that such amended CREFC® Investor Reporting
Package enables the Certificate Administrator to include such information on Form 10-D in a manner reasonably acceptable to the Certificate
Administrator, or (ii) the Trust is no longer subject to the Exchange Act, the additional report in the form of Exhibit KK
shall no longer be required hereunder. From time to time, the Master Servicer, Special Servicer and Certificate Administrator may agree
on a different delivery time and format for the information set forth in this paragraph.

(f)                                  Subject to the consent rights and processes set forth in Section 6.08 with respect to Major Decisions, the Master Servicer
shall process all defeasances of Mortgage Loans (other than any Non-Serviced Mortgage Loan) and Serviced Companion Loans in accordance
with the terms of the related Mortgage Loan documents, and shall be entitled to any defeasance fees paid relating thereto (provided
that for the avoidance of doubt, any such defeasance fee shall not include the Special Servicer’s portion of any Modification Fees
or waiver fees in connection with a defeasance that the Special Servicer is entitled to under this Agreement). Notwithstanding the foregoing,
the Master Servicer shall not permit (or, with regard to any Non-Serviced Mortgage Loan, take any act in furtherance of) the substitution
of any Mortgaged Property pursuant to the defeasance provisions of any Mortgage Loan or a Serviced Whole Loan unless such defeasance complies
with Treasury Regulations Section 1.860G-2(a)(8)(ii) and the Master Servicer has received (i) replacement collateral consisting
of government securities within the meaning of Treasury Regulations Section 1.860G-2(a)(8)(ii), which satisfies the requirements
of the

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applicable Mortgage Loan documents, in an amount
sufficient to make all scheduled payments under the related Mortgage Loan (or defeased portion thereof) when due, (ii) a certificate
of an Independent certified public accountant to the effect that such substituted property will provide cash flows sufficient to meet
all payments of interest and principal (including payments at maturity) on such Mortgage Loan or Serviced Whole Loan in compliance with
the requirements of the terms of the related Mortgage Loan documents and, if applicable, Companion Loan documents, (iii) one or more
Opinions of Counsel (at the expense of the related Mortgagor) to the effect that the Trustee, on behalf of the Trust, will have a first
priority perfected security interest in such substituted Mortgaged Property; provided, however, that, to the extent consistent
with the related Mortgage Loan documents and, if applicable, Companion Loan documents, the related Mortgagor shall pay the cost of any
such opinion as a condition to granting such defeasance, (iv) to the extent consistent with the related Mortgage Loan documents and,
if applicable, Companion Loan documents, the Mortgagor shall establish a single purpose entity to act as a successor Mortgagor, if so
required by the Rating Agencies, (v) to the extent permissible under the related Mortgage Loan documents and, if applicable, Companion
Loan documents, the Master Servicer shall use its reasonable efforts to require the related Mortgagor to pay all costs of such defeasance,
including but not limited to the cost of maintaining any successor Mortgagor, and (vi) to the extent permissible under the Mortgage
Loan documents and, if applicable, Companion Loan documents, the Master Servicer shall obtain, at the expense of the related Mortgagor,
Rating Agency Confirmation from each Rating Agency and a confirmation of any applicable rating agencies that such action will not result
in the downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced Companion Loan Securities (if any)
(provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation
may be considered satisfied with respect to the Certificates pursuant to Section 3.25); provided, further, however,
that no such confirmation from any Rating Agency shall be required to the extent that the Master Servicer has delivered a defeasance certificate
substantially in the form of Exhibit U hereto for any Mortgage Loan that (together with any Mortgage Loans cross-collateralized
with such Mortgage Loans) is: (i) a Mortgage Loan with a Cut-off Date Balance less than $35,000,000, (ii) a Mortgage Loan that
represents less than 5% of the aggregate Cut-off Date Balance of all Mortgage Loans, and (iii) a Mortgage Loan that is not one of
the ten largest Mortgage Loans by Stated Principal Balance. Notwithstanding the foregoing, in the event that requiring the Mortgagor to
pay for the items specified in clauses (ii), (iv) and (v) in the preceding sentence would be inconsistent with
the related Mortgage Loan documents, such reasonable costs shall be paid by the related Mortgage Loan Seller as and to the extent set
forth in the applicable Mortgage Loan Purchase Agreement.

(g)                               Notwithstanding anything herein or in the related Mortgage Loan documents and, if applicable, Companion Loan documents, to the
contrary, the Master Servicer may permit the substitution of “government securities,” within the meaning of Section 2(a)(16)
of the Investment Company Act of 1940, that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii) for any Mortgaged Property
pursuant to the defeasance provisions of any Mortgage Loan or a Serviced Whole Loan, as applicable (or any portion thereof), in lieu of
the defeasance collateral specified in the related Mortgage Loan documents or Serviced Whole Loan documents, as applicable; provided
that such substitution is consistent with the Servicing Standard and the Master Servicer (subject to the Special Servicer’s processing
and/or consent rights pursuant to Section 3.20(a) with respect to any such action that constitutes a Major Decision) reasonably
determines that allowing their use would not cause a default or event of default to

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become reasonably foreseeable and the Master
Servicer receives an Opinion of Counsel (at the expense of the Mortgagor to the extent permitted under the Mortgage Loan documents and,
if applicable, Companion Loan documents or otherwise as a Trust Fund expense) to the effect that such use would not be and would not constitute
a “significant modification” of such Mortgage Loan or Companion Loan pursuant to Treasury Regulations Section 1.860G-2(b)
and would not otherwise constitute an Adverse REMIC Event with respect to any Trust REMIC; and provided, further, that the
requirements set forth in Section 3.18(f) (including receipt of any Rating Agency Confirmation) are satisfied; and provided,
further, that such securities are backed by the full faith and credit of the United States government, or the Master Servicer shall
obtain Rating Agency Confirmation from each Rating Agency and a confirmation of any applicable rating agencies that such action will not
result in the downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced Companion Loan Securities
(if any) (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation
may be considered satisfied with respect to the Certificates pursuant to Section 3.25).

Notwithstanding the foregoing,
with respect to all of the Mortgage Loans originated or acquired by JPMCB, GACC, CREFI or GSMC that are subject to defeasance (other than
(i) with respect to JPMCB with respect to the One Campus Martius Mortgage Loan, the Lincoln Place Mortgage Loan and the Embassy Suites
Orlando Mortgage Loan, (ii) in the case of GACC with respect to The Reef Mortgage Loan, (iii) in the case of CREFI with respect to the
Yorkshire & Lexington Towers Mortgage Loan and the Amsdell Southern Storage Portfolio Mortgage Loan and (iv) in the case of GSMC with
respect to the Gateway Plaza Mortgage Loan and the 7800 Red Road Mortgage Loan), JPMCB, GACC, CREFI or GSMC, as applicable, has transferred
to a third party or has retained on behalf of itself or an Affiliate the right to establish or designate the successor borrower and/or
to purchase or cause to be purchased the related defeasance collateral (any such right or obligation, the “Retained Defeasance
Rights and Obligations”). In the event the Master Servicer receives notice of a defeasance request with respect to a Mortgage
Loan for which JPMCB, GACC, CREFI or GSMC, as applicable, is the related Mortgage Loan Seller, which such Mortgage Loan provides for Retained
Defeasance Rights and Obligations in the related Mortgage Loan documents, the Master Servicer shall provide, within five (5) Business
Days of receipt of such notice, written notice of such defeasance request to JPMCB, GACC, CREFI or GSMC, as applicable, in the case of
any such Mortgage Loan for which JPMCB, GACC, CREFI or GSMC, as applicable, is the related Mortgage Loan Seller. Until such time as JPMCB,
GACC, CREFI or GSMC, as applicable, provides the Master Servicer with written notice to the contrary, the notice of a defeasance of a
Mortgage Loan with Retained Defeasance Rights and Obligations shall be delivered to JPMCB, GACC, CREFI or GSMC, as applicable, at its
address for notices set forth in Section 13.05 below. With respect to any Mortgage Loan originated or acquired by JPMCB, GACC,
CREFI or GSMC that is subject to defeasance, if the successor borrower is not designated or formed by JPMCB, GACC, CREFI or GSMC or any
Affiliate or successor thereto, the successor borrower shall be reasonably acceptable to the Master Servicer in accordance with the Servicing
Standard.

If required under the related
Mortgage Loan or Companion Loan documents or if otherwise consistent with the Servicing Standard, the Master Servicer shall establish
and maintain one or more accounts (the “Defeasance Accounts”), which shall be Eligible Accounts, into which all payments
received by the Master Servicer from any defeasance collateral substituted for any Mortgaged Property shall be deposited and retained,
and shall administer such Defeasance

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Accounts in accordance with the Mortgage Loan
or Companion Loan documents. Notwithstanding the foregoing, in no event shall the Master Servicer permit such amounts to be maintained
in the Defeasance Account for a period in excess of ninety (90) days, unless such amounts are reinvested by the Master Servicer in “government
securities,” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, that comply with Treasury Regulations
Section 1.860G-2(a)(8)(ii). To the extent not required or permitted to be placed in a separate account, the Master Servicer shall
deposit all payments received by it from defeasance collateral substituted for any Mortgaged Property into the Collection Account and
treat any such payments as payments made on the Mortgage Loan or Companion Loan in advance of its Due Date in accordance with clause (a)(i)
of the definition of “Aggregate Available Funds” and not as a prepayment of the related Mortgage Loan or Companion Loan. Notwithstanding
anything herein to the contrary, in no event shall the Master Servicer permit such amounts to be maintained in the Collection Account
for a period in excess of 365 days (or 366 days in the case of a leap year).

(h)                               Notwithstanding anything to the contrary in this Agreement, neither the Master Servicer nor the Special Servicer, as applicable,
shall, unless it has received Rating Agency Confirmation from each Rating Agency and a confirmation of any applicable rating agencies
that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any class of Serviced
Companion Loan Securities (if any) (provided that such rating agency confirmation may be considered satisfied in the same manner
as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25) (the
cost of which shall be paid by the related Mortgagor, if so allowed by the terms of the related loan documents and otherwise paid out
of general collections) grant or accept any consent, approval or direction regarding the termination of the related property manager or
the designation of any replacement property manager, with respect to any Mortgaged Property that secures a Mortgage Loan that (i) is
one of the ten largest Mortgage Loans by Stated Principal Balance or (ii) has an unpaid principal balance that is at least equal
to five percent (5%) of the then aggregate principal balance of all Mortgage Loans or $35,000,000.

(i)                                   Notwithstanding anything to the contrary in this Agreement, in connection with any modification, waiver, consent or amendment in
connection with any release of collateral securing any Mortgage Loan in connection with a defeasance of such collateral, the Master Servicer
(if a Master Servicer Decision) or the Special Servicer (if a Major Decision) shall not approve any such modification, waiver or amendment
or consent thereto without first having received a copy of an Opinion of Counsel addressed to the Master Servicer or the Special Servicer,
as applicable, that such modification, waiver, consent or amendment will not cause an Adverse REMIC Event.

(j)                                   Notwithstanding any other provisions of this Section 3.18(a) or Section 3.08(a), but subject to any related
Intercreditor Agreement, the Master Servicer may, without any Directing Certificateholder approval or consent (except as otherwise provided
below in the definition of Master Servicer Decision), Rating Agency Confirmation (except with respect to clause (vi) as described in Section 3.18(f))
or the Special Servicer’s approval or consent (provided that the Master Servicer delivers notice thereof to the Special Servicer
after completion (and the Special Servicer shall promptly, prior to the occurrence of a Consultation Termination Event and other than
in respect of any Excluded Loan, deliver notice thereof to the Directing Certificateholder, except to the extent that the Special Servicer
or the Directing Certificateholder,

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as the case may be, notifies the Master Servicer
that such party does not desire to receive copies of such items) take any of the following actions with respect to Non-Specially Serviced
Loans (each such action, a “Master Servicer Decision”):

(i)                                   grant routine approvals, including granting of subordination, non-disturbance and attornment agreements and consents involving
leasing activities that do not involve a ground lease for any leasing activities that affect an area lesser than the lesser of (a) 30%
of the net rentable area of the improvements at the Mortgaged Property and (b) 30,000 square feet of the improvements at the Mortgaged
Property, including approval of new leases and amendments to current leases;

(ii)                                approving any waiver affecting the timing of receipt of financial statements from any Mortgagor; provided that such financial
statements are delivered no less often than quarterly and within 60 days after the end of the calendar quarter;

(iii)                             approving annual operating budgets, other than as set forth in clause (xviii) of the definition of Major Decisions;

(iv)                            subject to other restrictions in this Agreement regarding Principal Prepayments, waiving any provision of a Mortgage Loan or Serviced
Whole Loan requiring a specified number of days’ notice prior to a Principal Prepayment;

(v)                               approve or consent to any defeasance of the related Mortgage Loan or Serviced Companion Loan other than agreeing to (A) a modification
of the type of defeasance collateral required under the Mortgage Loan or Serviced Whole Loan documents other than direct, non-callable
obligations of the United States would be permitted or (B) a modification that would permit a principal prepayment instead of defeasance
if the Mortgage Loan or Serviced Whole Loan documents do not otherwise permit such principal prepayment;

(vi)                            granting waivers of minor covenant defaults (other than financial covenants);

(vii)                         to the extent not a Major Decision pursuant to clause (x) of the definition of Major Decision, any requests for the funding or
disbursement of amounts from any escrow accounts, reserve funds or letters of credit held as “performance”, “earn-out”,
“holdback” or similar escrows or reserves, where such request is for the funding or disbursement of ordinary course impounds,
repair and replacement reserves, lender approved budget and operating expenses, free rent or rent credit reserves pursuant to an approved
lease, tenant improvements pursuant to an approved lease and leasing commissions pursuant to an approved lease, each in accordance with
the Mortgage Loan documents other than a funding or disbursement listed in the proviso below (all such fundings and disbursements being
collectively referred to as “Routine Disbursements”) or any other funding or disbursement as mutually agreed upon by
the master servicer and special servicer; provided, however, that in the case of any Mortgage Loan whose escrows, reserves,
holdbacks and related letters of credit exceed, in the aggregate, at the related origination date, 10% of the initial principal balance
of such Mortgage Loan (which Mortgage Loans

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will be identified on Schedule 3 hereto,
no such funding or disbursement of such escrows, reserves, holdbacks or letters of credit will be deemed to constitute a Routine Disbursement,
and will instead constitute Major Decisions, except for the routine funding of tax payments and insurance premiums when due and payable
(provided that the Mortgage Loan is not a Specially Serviced Loan));

(viii)                      (1)
any property management company changes (with respect to a Mortgage Loan or Serviced Whole Loan (A)(x) with a Stated Principal Balance
less than $25,000,000 and (y) for which the debt service coverage ratio or debt yield for such Mortgage Loan (or Whole Loan, if applicable)
is greater than the greater of (X) the debt service coverage ratio or debt yield for such Mortgage Loan as of the origination date of
such Mortgage Loan or (Y) if the DSCR/DY Trigger has occurred, the debt service coverage ratio or debt yield for such Mortgage Loan as
of the most recent quarterly reporting period and (B) where the property management company will not be an affiliate of the related borrower
following such change or (2) franchise changes (with respect to a Mortgage Loan (other than any Non-Serviced Mortgage Loan) or
Serviced Whole Loan, in each case, for which the lender is not required to consent or approve under the Mortgage Loan documents);

(ix)                              approve or consent to grants of easements or rights of way (including, without limitation for utilities, access, parking, public
improvements or another purpose) or subordination of the lien of the Mortgage Loan to easements except with respect to grants of easements
or rights of way that materially affect the use or value of a Mortgaged Property or a borrower’s ability to make payments with respect
to the related Mortgage Loan or any related Companion Loan;

(x)                                 any non-material modifications, waivers or amendments of a non-monetary term of an applicable Mortgage Loan document not provided
for in clauses (i) through (ix) above, which are necessary to cure any ambiguities or to correct scrivener’s errors in
the terms of the related Mortgage Loan or Serviced Whole Loan and any modification, consent to a modification or waiver of any material
term of an applicable Mortgage Loan document to the extent the Directing Certificateholder or any affiliate owns a controlling interest
(whether legally, beneficially or otherwise) in the related mezzanine loan, if applicable;

(xi)                              consents to releases of non-material, non-income producing parcels of a Mortgaged Property that do not materially affect the use
or value of the related Mortgaged Property or the ability of the related Mortgagor to pay amounts due in respect of the Mortgage Loan
as and when due, provided such releases are required by the related Mortgage Loan documents;

(xii)                           consent to actions and releases related to condemnation of parcels of a Mortgaged Property, except with respect to any condemnation
with respect to a material parcel or a material income producing parcel or any condemnation that materially affects the use or value of
the related Mortgaged Property or the ability of the related Mortgagor to pay amounts due in respect of the related Mortgage Loan or Companion
Loan when due;

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(xiii)                        grant an extension or enter into any forbearance with respect to the anticipated refinancing of a Mortgage Loan or sale of a Mortgaged
Property after the related Maturity Date of such Mortgage Loan so long as (A) such extension or forbearance does not extend beyond 120
days after the related Maturity Date and (B) the related borrower has delivered the necessary documentation which provides that a refinancing
of such Mortgage Loan or sale of the related Mortgaged Property will occur within 120 days after the date on which the related balloon
balance will become due;

(xiv)                       any assumption of the Mortgage Loan or transfer of the Mortgaged Property or an interest in the Mortgage Borrower, in each case,
that the loan documents allow without the consent of the mortgagee but subject to satisfaction of conditions specified in the loan documents
where no mortgagee discretion is necessary in order to determine if such conditions are satisfied;

(xv)                          any determination of Acceptable Insurance Default; provided that, prior to the occurrence and continuance of a Control Termination
Event and other than with respect to an Excluded Loan, the Directing Certificateholder’s consent (or deemed consent) shall be required
for any such determination; and

(xvi)                       grant or agree to any other waiver, modification, amendment and/or consent that does not constitute a Major Decision;

provided that (w) any
such action would not in any way affect a payment term of the Certificates, (x) any such action would not constitute a “significant
modification” of such Mortgage Loan or Companion Loan pursuant to Treasury Regulations Section 1.860G-2(b) and would not otherwise
cause either Trust REMIC to fail to qualify as a REMIC for federal income tax purposes (as evidenced by an Opinion of Counsel (at the
expense of the Trust to the extent not reimbursed or paid by the related Mortgagor), to the extent requesting such opinion is consistent
with the Servicing Standard), (y) agreeing to such action would be consistent with the Servicing Standard, and (z) agreeing
to such action would not violate the terms, provisions or limitations of this Agreement or any Intercreditor Agreement; provided,
further, that, in the case of any Master Servicer Decision that requires the consent of the Directing Certificateholder, such consent
shall be deemed given if a response to the request for consent is not provided within 10 Business Days after receipt of the Master Servicer’s
written recommendation and analysis and all information reasonably requested by the Directing Certificateholder, and reasonably available
to the Master Servicer in order to grant or withhold such consent. The foregoing is intended to be an itemization of actions the Master
Servicer may take without having to obtain the approval of the Special Servicer (other than as described in each item) and is not intended
to limit the responsibilities of the Master Servicer hereunder.

As used in clause (vii)
above, “performance”, “earn-out”, “holdback” and similar escrows and reserves refers to any escrow
or reserve that is taken (in whole or in part) at the origination of the Mortgage Loan or Whole Loan, the release of which is subject
to the satisfaction of specifically identified financial or leasing conditions or the occurrence of a specifically identified event, in
each case as set forth in the related loan documents and related to the borrower or Mortgaged Property.

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(k)                                 Neither the Master Servicer nor the Special Servicer shall enter into, or structure (including, without limitation, by way of
the application of credits, discounts, forgiveness or otherwise), any modification, waiver, amendment, work-out, consent or approval
with respect to any Mortgage Loan in a manner that would be inconsistent with the allocation and payment priorities set forth in Section 3.02(b)
hereof or in the related Intercreditor Agreement.

Section 3.19                   Transfer of Servicing Between Master Servicer and Special Servicer; Recordkeeping; Asset Status Report. (a) Upon determining
that a Servicing Transfer Event has occurred with respect to any Mortgage Loan (other than any Non-Serviced Mortgage Loan), Serviced Companion
Loan, the Master Servicer or the Special Servicer, as applicable, shall promptly give notice to the Master Servicer or the Special Servicer,
as applicable, the Operating Advisor, the Risk Retention Consultation Parties, and ((i) prior to the occurrence of a Consultation
Termination Event and (ii) other than with respect to any Excluded Loan) the Directing Certificateholder thereof, and the Master
Servicer shall deliver the related Mortgage File and Servicing File to the Special Servicer and concurrently provide a copy of such Servicing
File, exclusive of all Privileged Communications, to the Operating Advisor. The Master Servicer shall use its reasonable efforts to provide
the Special Servicer with all information, documents and records (including records stored electronically on computer tapes, magnetic
discs and the like) relating to such Mortgage Loan and, if applicable, the related Serviced Companion Loan, either in the Master Servicer’s
possession or otherwise available to the Master Servicer without undue burden or expense, and reasonably requested by the Special Servicer
to enable it to assume its functions hereunder with respect thereto. The Master Servicer shall use its reasonable efforts to comply with
the preceding sentence within five (5) Business Days of the occurrence of each related Servicing Transfer Event (or, in the case of clauses (viii),
(ix) or (x) of the definition of Servicing Transfer Event, within five (5) Business Days of receiving notice from the Special
Servicer of such Servicing Transfer Event when the Special Servicer makes the determination) and in any event shall continue to act as
Master Servicer and administrator of such Mortgage Loan and, if applicable, the related Serviced Companion Loan until the Special Servicer
has commenced the servicing of such Mortgage Loan and, if applicable, the related Serviced Companion Loan. The Master Servicer shall deliver
to the Trustee, the Certificate Administrator, the Operating Advisor, and ((i) prior to the occurrence of a Consultation Termination
Event or (ii) other than with respect to any Excluded Loan) the Directing Certificateholder, a copy of the notice of such Servicing
Transfer Event provided by the Master Servicer to the Special Servicer, or by the Special Servicer to the Master Servicer, pursuant to
this Section 3.19. Prior to the occurrence of a Consultation Termination Event, the Certificate Administrator shall deliver
to each Controlling Class Certificateholder a copy of the notice of such Servicing Transfer Event provided by the Master Servicer pursuant
to this Section 3.19.

The Special Servicer may
elect to deliver a written notice to the Master Servicer that a Mortgage Loan should be a Specially Serviced Loan as a result of reasonably
foreseeable default under clause (iv) or (x) of the definition of “Servicing Transfer Event”. Upon receipt of any such written
notice, the Master Servicer shall deliver an officer’s certificate to each of the Depositor and the Special Servicer with its determination
of whether to transfer such Mortgage Loan to special servicing under clause (iv) or (x) of the definition of “Servicing Transfer
Event” and the reasons for such determination, and such determination shall be conclusive with respect to a servicing transfer at
that time.

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Upon determining that a Specially
Serviced Loan (other than an REO Loan) has become current and has remained current for three consecutive Periodic Payments (provided
that (i) no additional Servicing Transfer Event is foreseeable in the reasonable judgment of the Special Servicer, and (ii) for
such purposes taking into account any modification or amendment of such Mortgage Loan and, if applicable, the related Companion Loan),
and that no other Servicing Transfer Event is continuing with respect thereto, the Special Servicer shall immediately give notice thereof
to the Master Servicer, the Operating Advisor, the related Serviced Companion Noteholder (unless with respect to a Serviced AB Whole Loan
an AB Control Appraisal Period has occurred) and ((i) prior to the occurrence of a Consultation Termination Event and (ii) other
than with respect to any Excluded Loan) the Directing Certificateholder and shall return the related Mortgage File and Servicing File
to the Master Servicer (or copies thereof if copies only were delivered to the Special Servicer) and upon giving such notice, and returning
such Mortgage File and Servicing File to the Master Servicer, the Special Servicer’s obligation to service such Corrected Loan shall
terminate and the obligations of the Master Servicer to service and administer such Mortgage Loan and, if applicable, the related Companion
Loan shall recommence.

(b)                               In servicing any Specially Serviced Loans and Serviced Companion Loans, the Special Servicer will provide to the Custodian originals
of documents included within the definition of “Mortgage File” for inclusion in the related Mortgage File to the extent within
its possession (with a copy of each such original to the Master Servicer), and provide the Master Servicer with copies of any additional
related Mortgage Loan or Serviced Companion Loan information including correspondence with the related Mortgagor.

(c)                                Notwithstanding the provisions of Section 3.12(c), the Master Servicer shall maintain ongoing payment records with
respect to each of the Specially Serviced Loans, Serviced Companion Loans and REO Properties (other than with respect to a Non-Serviced
Mortgage Loan) and shall provide the Special Servicer with any information in its possession with respect to such records to enable the
Special Servicer to perform its duties under this Agreement; provided that this statement shall not be construed to require the
Master Servicer to produce any additional reports.

(d)                               No later than sixty (60) days after a Servicing Transfer Event for a Mortgage Loan (other than a Non-Serviced Mortgage Loan)
and, if applicable, the related Companion Loan (the “Initial Delivery Date”), the Special Servicer shall deliver in
electronic format a report (the “Asset Status Report”) with respect to such Mortgage Loan and related Companion Loan,
if applicable, and the related Mortgaged Property to the Directing Certificateholder. Subsequent to the issuance of a Final Asset Status
Report to the extent that during the course of the resolution of such Specially Serviced Loan material changes in the strategy reflected
in the initial Asset Status Report (or subsequent Asset Status Reports) are necessary to reflect the then-current circumstances and recommendation
as to how the Specially Serviced Loan might be returned to performing status or otherwise liquidated in accordance with the Servicing
Standard, the Special Servicer shall prepare one or more additional Asset Status Reports with respect to such Specially Serviced Loan
(each such report a “Subsequent Asset Status Report”). The Special Servicer shall deliver each Asset Status Report
in electronic form to: (i) the Master Servicer, (ii) the Directing Certificateholder (but only in respect of any Mortgage Loan other than
any Excluded Loan and in any event prior to the occurrence of a Consultation Termination Event), (iii) each Risk Retention Consultation
Party (but not with respect to any applicable Excluded Loan), (iv) the AB Whole

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Loan Controlling Holder with respect to the
Serviced AB Whole Loan, only to the extent the Serviced AB Subordinate Companion Loan is not subject to an AB Control Appraisal Period,
(v) the Operating Advisor (but only for so long as a Control Termination Event is continuing), (vi) the 17g-5 Information Provider
(which shall promptly post such report on the 17g-5 Information Provider’s Website in accordance with Section 3.13(c)),
and (vii) with respect to any related Serviced Companion Loan, to the extent the related Serviced Companion Loan has been included in
an Other Securitization, to the master servicer of such Other Securitization into which the related Serviced Companion Loan has been sold
or to the related Companion Holder. Such Asset Status Report shall set forth the following information to the extent reasonably determinable
based on the information that was delivered to the Special Servicer in connection with the transfer of servicing pursuant to the Servicing
Transfer Event:

(i)                                   summary of the status of such Specially Serviced Loan and any negotiations with the related Mortgagor;

(ii)                                a discussion of the legal and environmental considerations reasonably known to the Special Servicer, consistent with the Servicing
Standard, that are applicable to the exercise of remedies as aforesaid and to the enforcement of any related guaranties or other collateral
for the related Mortgage Loan (and any related Serviced Companion Loan) and whether outside legal counsel has been retained;

(iii)                             the most current rent roll and income or operating statement available for the related Mortgaged Property;

(iv)                            (A) the Special Servicer’s recommendations on how such Specially Serviced Loan might be returned to performing status
(including the modification of a monetary term, and any workout, restructure or debt forgiveness) and returned to the Master Servicer
for regular servicing or otherwise realized upon (including any proposed sale of a Defaulted Loan or REO Property), (B) a description
of any such proposed or taken actions, and (C) the alternative courses of action that were or are being considered by the Special
Servicer in connection with the proposed or taken actions;

(v)                               the status of any foreclosure actions or other proceedings undertaken with respect to the Specially Serviced Loan, any proposed
workouts and the status of any negotiations with respect to such workouts, and an assessment of the likelihood of additional defaults
under the related Mortgage Loan or Serviced Whole Loan;

(vi)                            a description of any amendment, modification or waiver of a material term of any ground lease (or any space lease or air rights
lease, if applicable) or franchise agreement;

(vii)                         the decision that the Special Servicer made, or intends or proposes to make, including a narrative analysis setting forth the Special
Servicer’s rationale for its proposed decision, including its rejection of the alternatives;

(viii)                      an analysis of whether or not taking such proposed action is reasonably likely to produce a greater recovery on a present value
basis than not taking such action,

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setting forth (x) the basis on which
the Special Servicer made such determination and (y) the net present value calculation and all related assumptions;

(ix)                              the Appraised Value of the related Mortgaged Property (and a copy of the last obtained Appraisal of such Mortgaged Property) together
with a description of any adjustments to the valuation of such Mortgaged Property made by the Special Servicer together with an explanation
of those adjustments; and

(x)                                 such other information as the Special Servicer deems relevant in light of the Servicing Standard.

A summary of each Asset Status
Report shall be provided to the Certificate Administrator and the Trustee.

If within ten (10) Business
Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business Days) of receiving an Asset Status
Report, the Directing Certificateholder does not disapprove such Asset Status Report in writing or if the Special Servicer makes a determination,
in accordance with the Servicing Standard that the disapproval by the Directing Certificateholder (communicated to the Special Servicer
within ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business
Days)) is not in the best interest of all the Certificateholders, the RR Interest Owners, the Special Servicer shall implement the recommended
action as outlined in such Asset Status Report; provided, however, that the Special Servicer may not take any action that
is contrary to applicable law, the Servicing Standard or the terms of the applicable Mortgage Loan documents. If, with respect to any
Mortgage Loan other than an Excluded Loan, prior to the occurrence and continuance of any Control Termination Event, the Directing Certificateholder
disapproves such Asset Status Report within ten (10) Business Days (or, if the Directing Certificateholder and the Special Servicer
are affiliates, five (5) Business Days) of receipt and the Special Servicer has not made the affirmative determination described above,
the Special Servicer shall revise such Asset Status Report and deliver a new Asset Status Report as soon as practicable, but in no event
later than thirty (30) days after such disapproval, to the Master Servicer, the Directing Certificateholder (prior to the occurrence of
a Consultation Termination Event and, in the case of a Serviced AB Whole Loan, only prior to the occurrence of a Consultation Termination
Event and during an AB Control Appraisal Period with respect to the related AB Subordinate Companion Loan), the Operating Advisor (only
for so long as a Control Termination Event is continuing) and the 17g-5 Information Provider (which shall promptly post such report
on the 17g-5 Information Provider’s Website in accordance with Section 3.13(c)). With respect to any Mortgage Loan
other than an Excluded Loan, prior to the occurrence and continuance of any Control Termination Event, the Special Servicer shall revise
such Asset Status Report as described above in this Section 3.19(d) until the Directing Certificateholder shall fail to disapprove
such revised Asset Status Report in writing within ten (10) Business Days (or, if the Directing Certificateholder and the Special
Servicer are affiliates, five (5) Business Days) of receiving such revised Asset Status Report or until the Special Servicer makes a determination,
in accordance with the Servicing Standard, that the disapproval is not in the best interests of the Certificateholders, the RR Interest
Owners; provided that, if the Directing Certificateholder has not approved the Asset Status Report for a period of sixty (60) Business
Days following the first submission of an Asset Status Report, the Special Servicer shall follow the Directing Certificateholder’s
direction, if such direction is

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consistent with the Servicing Standard; provided,
however, that if the Directing Certificateholder’s direction would cause the Special Servicer to violate the Servicing Standard,
the Special Servicer may act upon the most recently submitted form of Asset Status Report; provided, further, however,
that such Asset Status Report does not, and is not intended to be, a substitute for the approvals that are specifically required pursuant
to Section 6.08. The procedures described in this paragraph are collectively referred to herein as the “Directing
Certificateholder Asset Status Report Approval Process”.

The Special Servicer may,
from time to time, modify any Asset Status Report it has previously delivered and implement such report; provided that such report
shall have been prepared, reviewed and not rejected pursuant to the terms of this Section 3.19(d). Notwithstanding anything
herein to the contrary, with respect to any Excluded Loan (regardless of whether a Control Termination Event has occurred and is continuing),
the Special Servicer shall consult with the Operating Advisor (in person or remotely via electronic, telephonic or other mutually agreeable
communication), on a non-binding basis, in connection with an Asset Status Report for an Excluded Loan which includes a Major Decision
that it is processing or for which its consent is required and consider alternative actions recommended by the Operating Advisor, in respect
thereof, in accordance with the procedures set forth in Section 6.08 for consulting with the Operating Advisor.

No direction or disapproval
of the Directing Certificateholder or a Risk Retention Consultation Party hereunder or under a related Intercreditor Agreement or failure
of the Directing Certificateholder to consent to or approve (including any deemed consents or approvals) any request of the Special Servicer,
shall (a) require or cause the Special Servicer to violate the terms of a Specially Serviced Loan, applicable law or any provision
of this Agreement, including the Special Servicer’s obligation to act in accordance with the Servicing Standard and to maintain
the REMIC status of each Trust REMIC, (b) result in the imposition of a “prohibited transaction” or “prohibited
contribution” tax under the REMIC Provisions, (c) expose the Master Servicer, the Special Servicer, the Depositor, the Operating
Advisor, the Mortgage Loan Sellers, the Trust, the Trustee, the Certificate Administrator or their respective officers, directors, members,
employees or agents to any claim, suit or liability or (d) materially expand the scope of the Special Servicer’s, Trustee’s
or the Master Servicer’s responsibilities under this Agreement.

Other than during the continuance
of a Control Termination Event, the Special Servicer shall promptly deliver each Final Asset Status Report to the Operating Advisor after
the completion of the Directing Certificateholder Asset Status Report Approval Process. The Special Servicer shall notify the Operating
Advisor of whether any Asset Status Report delivered to the Operating Advisor is a Final Asset Status Report, which notification may be
satisfied by (i) delivery of an Asset Status Report that is either signed by the Directing Certificateholder or that otherwise includes
an indication that such Asset Status Report is deemed approved due to the passage of any required consent or consultation time period
or (ii) such other method as reasonably agreed to by the Operating Advisor and the Special Servicer. While a Control Termination Event
is continuing, the Special Servicer shall deliver each Asset Status Report prepared in connection with a Specially Serviced Loan to the
Operating Advisor. The Operating Advisor shall provide comments to the Special Servicer in respect of the Asset Status Report, if any,
within ten (10) Business Days following the later of (i) receipt of such Asset Status Report or (ii) receipt of such additional
information reasonably requested by the Operating Advisor related thereto, and propose

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possible alternative courses of action to the
extent it determines such alternatives to be in the best interest of the Certificateholders and the RR Interest Owners (including any
Certificateholders that are holders of the Control Eligible Certificates), as a collective whole. The Special Servicer shall consider
such alternative courses of action, if any, and any other feedback provided by the Operating Advisor (and if no Consultation Termination
Event has occurred and is continuing and such Specially Serviced Loan is not an Excluded Loan, the Directing Certificateholder) in connection
with the Special Servicer’s preparation of any such Asset Status Report. The Special Servicer may revise the Asset Status Report
as it deems necessary to take into account any input and/or comments from the Operating Advisor (and if no Consultation Termination Event
has occurred and is continuing and such Specially Serviced Loan is not an Excluded Loan, the Directing Certificateholder), to the extent
the Special Servicer determines that the Operating Advisor’s and/or Directing Certificateholder’s input and/or recommendations
are consistent with the Servicing Standard and in the best interest of the Certificateholders and the RR Interest Owners as a collective
whole (or, with respect to a Serviced Whole Loan, the best interest of the Certificateholders, the RR Interest Owners and the holders
of the related Companion Loan, as a collective whole (taking into account the subordinate or pari passu nature of such Companion
Loan)). Promptly upon determining whether or not to revise any Asset Status Report to take into account any input and/or comments from
the Operating Advisor or the Directing Certificateholder, the Special Servicer shall revise the Asset Status Report, if applicable, and
deliver to the Operating Advisor and the Directing Certificateholder either the revised Asset Status Report (until a Final Asset Status
Report is issued) or notice that the Special Servicer has decided not to revise such Asset Status Report, as applicable. The procedures
described in this paragraph are collectively referred to as the “ASR Consultation Process”.

During the continuance of
a Control Termination Event (and at any time with respect to any Excluded Loan), the Directing Certificateholder shall have no right to
consent to any Asset Status Report under this Section 3.19. During the continuance of a Control Termination Event but for
so long as no Consultation Termination Event is continuing, each of the Directing Certificateholder (except with respect to any Excluded
Loan or, prior to the occurrence and continuance of an AB Control Appraisal Period, the related Serviced AB Whole Loan) and, during the
continuance of a Control Termination Event, the Operating Advisor, shall consult with the Special Servicer (in person or remotely via
electronic, telephonic or other mutually agreeable communication) on a strictly non-binding basis and may propose alternative courses
of action and provide such other feedback as the Directing Certificateholder or the Operating Advisor, as applicable, determines in respect
of any Asset Status Report. After the occurrence of a Consultation Termination Event (and at any time with respect to any Excluded Loan),
the Directing Certificateholder (other than in its capacity as a Certificateholder) shall have no right to receive any Asset Status Report
or otherwise consult with the Special Servicer with respect to Asset Status Reports and the Special Servicer shall send the Asset Status
Report to the Operating Advisor and shall only be obligated to consult with the Operating Advisor with respect to any Asset Status Report
as described above. The Special Servicer may choose to revise the Asset Status Report as it deems reasonably necessary in accordance with
the Servicing Standard to take into account any input and/or recommendations of the Operating Advisor or the Directing Certificateholder
during the applicable periods described above, but is under no obligation to follow any particular recommendation of the Operating Advisor
or the Directing Certificateholder.

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Notwithstanding the foregoing,
prior to the occurrence and continuance of an AB Control Appraisal Period with respect to a Serviced AB Whole Loan, the Special Servicer
shall prepare an Asset Status Report for any Serviced AB Whole Loan, upon it becoming a Specially Serviced Loan pursuant to this Agreement
and the related Intercreditor Agreement, but the Directing Certificateholder will have no approval rights over any such Asset Status Report,
and the consent or approval rights with respect to such Asset Status Report shall be as set forth in the related Intercreditor Agreement.

(e)                                (i) Upon receiving notice of the occurrence of the events described in clause (iv) and (x) of the definition
of Servicing Transfer Event (without regard to the 60-day or 30-day period, respectively, set forth therein), the Master Servicer
shall with reasonable promptness give notice thereof, and shall use its reasonable efforts to provide the Special Servicer with all information
relating to the Mortgage Loan or Serviced Companion Loan and reasonably requested by the Special Servicer to enable it to negotiate with
the related Mortgagor. The Master Servicer shall use its reasonable efforts to comply with the preceding sentence within five (5) Business
Days of the occurrence of each such event.

(ii)                                After the occurrence and during the continuance of a Control Termination Event, upon receiving notice of the occurrence of an event
described in clause (iv) or (x) of the definition of Servicing Transfer Event (without regard to the 60-day or
30-day period, respectively, set forth therein), the Master Servicer shall deliver notice thereof to the Operating Advisor at the
same time such notice is provided to the Special Servicer pursuant to clause (i) above.

(f)                                  Prior to the occurrence and continuance of a Control Termination Event, no later than two (2) Business Days following the establishment
of a Final Asset Status Report with respect to any Specially Serviced Loan (other than any Excluded Loan), the Special Servicer shall
deliver in electronic format to the Directing Certificateholder a draft notice that will include a draft summary of the Final Asset Status
Report (which briefly summarizes such Final Asset Status Report, but shall not include any Privileged Information) (and shall deliver
each Final Asset Status Report with respect to a Serviced AB Whole Loan prior to the occurrence and continuance of an AB Control Appraisal
Period (to the extent approved by the related AB Whole Loan Controlling Holder), to the Directing Certificateholder). With respect to
any Mortgage Loan other than an Excluded Loan, if, prior to the occurrence and continuance of a Control Termination Event, within ten (10)
Business Days (or, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business Days) of receipt of such
draft summary, the Directing Certificateholder approves of, or does not disapprove of such draft summary, then the Special Servicer shall
deliver in electronic format such notice and summary of the Final Asset Status Report to the Certificate Administrator for posting on
the Certificate Administrator’s Website pursuant to Section 3.13(b). If the Directing Certificateholder affirmatively
disapproves of such summary in writing, then within two (2) Business Days of receipt of such disapproval, the Special Servicer shall revise
the summary and deliver such new summary to the Directing Certificateholder until the Directing Certificateholder approves such draft
summary; provided, however, that if the Directing Certificateholder has not approved of the draft summary of the Final Asset
Status Report within twenty (20) Business Days of receipt of the initial draft summary of the Final Asset Status Report, then the most
recent draft summary of the Final Asset Status Report delivered by the Special Servicer prior to such 20th Business Day shall be deemed
to be the final summary of the Final

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Asset Status Report; provided, further,
however, that if at any time the Special Servicer determines that any affirmative disapproval of such draft summary by the Directing
Certificateholder is not in the best interest of all the Certificateholders, the RR Interest Owners pursuant to the Servicing Standard,
the Special Servicer shall deliver in electronic format such notice and summary of the Final Asset Status Report to the Certificate Administrator
for posting on the Certificate Administrator’s Website pursuant to Section 3.13(b) notwithstanding such disapproval.
The Special Servicer shall promptly deliver (but in any event no later than two (2) Business Days following its completion) a copy of
each Final Asset Status Report to the Operating Advisor. The Special Servicer shall prepare a summary of any Final Asset Status Report
related to any Serviced AB Whole Loan for which the related holder of an AB Subordinate Companion Loan is not subject to an AB Control
Appraisal Period, which Final Asset Status Report has been approved or deemed approved by the holder of the related AB Subordinate Companion
Loan in accordance with the related Intercreditor Agreement (to the extent such Intercreditor Agreement requires such approval or deemed
approval), and deliver in electronic format notice of such Final Asset Status Report and the summary of such Final Asset Status Report
to the Certificate Administrator for posting on the Certificate Administrator’s Website pursuant to Section 3.13(b).

(g)                               No provision of this Section 3.19 shall require the Special Servicer to take or to refrain from taking any action because
of any proposal, objection or comment by the Operating Advisor or, during the continuance of a Control Termination Event, the Directing
Certificateholder, or a recommendation of the Operating Advisor or, during the continuance of a Control Termination Event, the Directing
Certificateholder.

Section 3.20                   Sub-Servicing Agreements. (a) The Master Servicer and Special Servicer may enter into Sub-Servicing Agreements
to provide for the performance by third parties of any or all of its respective obligations hereunder; provided that the Sub-Servicing
Agreement as amended or modified: (i) is consistent with this Agreement in all material respects and requires the Sub-Servicer
to comply with all of the applicable conditions of this Agreement; (ii) provides that if the Master Servicer or Special Servicer,
as applicable, shall for any reason no longer act in such capacity hereunder (including, without limitation, by reason of a Servicer Termination
Event), the Trustee or its designee shall thereupon assume all of the rights and, except to the extent they arose prior to the date of
assumption, obligations of such party under such agreement, or, alternatively, may act in accordance with Section 7.02 hereof
under the circumstances described therein (subject to Section 3.20(g) hereof); (iii) provides that the Trustee (for the
benefit of the Certificateholders, the RR Interest Owners and the related Companion Holder (if applicable) and the Trustee (as holder
of the Lower-Tier Regular Interests) shall be a third party beneficiary under such Sub-Servicing Agreement, but that (except to the
extent the Trustee or its designee assumes the obligations of such party thereunder as contemplated by the immediately preceding clause (ii))
none of the Trust, the Trustee, the Operating Advisor, the Certificate Administrator, the Master Servicer or Special Servicer, as applicable,
any successor master servicer or successor special servicer or any Certificateholder or any RR Interest Owner (or the related Companion
Holder, if applicable) shall have any duties under such Sub-Servicing Agreement or any liabilities arising therefrom; (iv) permits
any purchaser of a Mortgage Loan pursuant to this Agreement to terminate such Sub-Servicing Agreement with respect to such purchased
Mortgage Loan at its option and without penalty; provided, however, that the Initial Sub-Servicing Agreements may only
be terminated by the Trustee or its designees as contemplated by Section 3.20(g) hereof and in such additional manner and
by such other Persons as is provided in such Sub-Servicing Agreement;

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(v) does not permit the Sub-Servicer
any direct rights of indemnification that may be satisfied out of assets of the Trust; (vi) does not permit the Sub-Servicer
to modify any Mortgage Loan unless and to the extent the Master Servicer or Special Servicer, as applicable, is permitted hereunder to
modify such Mortgage Loan; (vii) does not permit the Sub-Servicer to take any action constituting a Major Decision and certain other decisions
without the consent of the Master Servicer or Special Servicer, as applicable (subject to the rights of the Directing Certificateholder
pursuant to Section 6.08); (viii) with respect to any Sub-Servicing Agreement entered into after the Closing Date, if such
Sub-Servicer is a Servicing Function Participant or an Additional Servicer, such Sub-Servicer, at the time the related Sub-Servicing Agreement
is entered into, is not a Prohibited Party; and (ix) provides that the Sub-Servicer shall be in default under the related Sub-Servicing
Agreement and such Sub-Servicing Agreement shall be terminated (following the expiration of any applicable Grace Period) if, among
other things, the Sub-Servicer fails (A) to deliver by the due date any Exchange Act reporting items required to be delivered
to the Master Servicer under Article XI or under the Sub-Servicing Agreement or to the master servicer under any other
pooling and servicing agreement that the Depositor is a party to, or (B) to perform in any material respect any of its covenants
or obligations contained in the Sub-Servicing Agreement regarding creating, obtaining or delivering any Exchange Act reporting items
required for any party to this Agreement to perform its obligations under Article XI or under the Exchange Act reporting items
required under any other pooling and servicing agreement that the Depositor is a party to.

Any successor master servicer
or special servicer, as applicable, hereunder shall, upon becoming successor master servicer or special servicer, as applicable, be assigned
and may assume any Sub-Servicing Agreements from the predecessor Master Servicer or Special Servicer, as applicable (subject to Section 3.20(g)
hereof). In addition, each Sub-Servicing Agreement entered into by the Master Servicer may but need not provide that the obligations
of the Sub-Servicer thereunder may terminate with respect to any Mortgage Loan serviced thereunder at the time such Mortgage Loan
becomes a Specially Serviced Loan; provided, however, that the Sub-Servicing Agreement may provide (if the Sub-Servicing
Agreement provides for Advances by the Sub-Servicer, although it need not so provide) that the Sub-Servicer will continue to make
all Advances and calculations and prepare all reports required under the Sub-Servicing Agreement with respect to Specially Serviced
Loans and continue to collect its Primary Servicing Fees as if no Servicing Transfer Event had occurred and with respect to REO Properties
(and the related REO Loans) as if no REO Acquisition had occurred and to render such incidental services with respect to such Specially
Serviced Loans and REO Properties as are specifically provided for in such Sub-Servicing Agreement. The Master Servicer or Special
Servicer, as applicable, shall deliver to the Trustee copies of all Sub-Servicing Agreements, and any amendments thereto and modifications
thereof, entered into by it, in each case promptly upon its execution and delivery of such documents. References in this Agreement to
actions taken or to be taken by the Master Servicer include actions taken or to be taken by a Sub-Servicer on behalf of the Master
Servicer; and, in connection therewith, all amounts advanced by any Sub-Servicer (if the Sub-Servicing Agreement provides for
Advances by the Sub-Servicer, although it need not so provide) to satisfy the obligations of the Master Servicer hereunder to make
Advances shall be deemed to have been advanced by the Master Servicer out of its own funds and, accordingly, in such event, such Advances
shall be recoverable by such Sub-Servicer in the same manner and out of the same funds as if such Sub-Servicer were the Master
Servicer, and, for so long as they are outstanding, such Advances shall accrue interest in accordance with Section 3.03(d),
such interest to be allocable between the Master Servicer and such Sub-Servicer as may be provided (if at all) pursuant to the

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terms of the Sub-Servicing Agreement. For
purposes of this Agreement, the Master Servicer shall be deemed to have received any payment when a Sub-Servicer retained by it receives
such payment. The Master Servicer or Special Servicer, as applicable, shall notify the Master Servicer or the Special Servicer, as applicable,
the Trustee and the Depositor (and the Special Servicer shall notify the Operating Advisor) in writing promptly of the appointment by
it of any Sub-Servicer, except that the Master Servicer need not provide such notice as to the Initial Sub-Servicing Agreements.

(b)                               Each Sub-Servicer shall be authorized to transact business in the state or states in which the related Mortgaged Properties
it is to service are situated, if and to the extent required by applicable law to the extent necessary to ensure the enforceability of
the related Mortgage Loans or the compliance with its obligations under the Sub-Servicing Agreement and the Master Servicer’s
obligations under this Agreement.

(c)                                As part of its servicing activities hereunder, the Master Servicer or the Special Servicer, as applicable, for the benefit of the
Trustee and the Certificateholders and the RR Interest Owners, shall (at no expense to the Trustee, the Certificateholders, the RR Interest
Owners or the Trust) monitor the performance and enforce the obligations of each Sub-Servicer under the related Sub-Servicing
Agreement, except that the Master Servicer shall be required only to use reasonable efforts to cause any Initial Sub-Servicer to comply
with the requirements of Article XI hereof. Such enforcement, including, without limitation, the legal prosecution of claims,
termination of Sub-Servicing Agreements in accordance with their respective terms and the pursuit of other appropriate remedies, shall
be in such form and carried out to such an extent and at such time as is in accordance with the Servicing Standard. The Master Servicer
or the Special Servicer, as applicable, shall have the right to remove a Sub-Servicer retained by it (i) with respect to a Sub-Servicer
other than an Initial Sub-Servicer only, at any time it considers removal to be in accordance with the best interests of the Trust and/or
the Certificateholders and the RR Interest Owners (ii) in accordance with the terms of the related Sub-Servicing Agreement.

(d)                               In the event the Trustee or its designee becomes successor master servicer and assumes the rights and obligations of the Master
Servicer under any Sub-Servicing Agreement, the Master Servicer, at its expense, shall deliver to the assuming party all documents
and records relating to such Sub-Servicing Agreement and the Mortgage Loans and, if applicable, the Companion Loans then being serviced
thereunder and an accounting of amounts collected and held on behalf of it thereunder, and otherwise use reasonable efforts to effect
the orderly and efficient transfer of the Sub-Servicing Agreement to the assuming party.

(e)                                Notwithstanding the provisions of any Sub-Servicing Agreement and this Section 3.20, except to the extent provided
in Article XI with respect to the obligations of any Sub-Servicer that is an Initial Sub-Servicer, the Master Servicer
and the Special Servicer shall remain obligated and responsible to the Trustee, the Special Servicer, holders of the Companion Loans serviced
hereunder and the Certificateholders and the RR Interest Owners for the performance of its obligations and duties under this Agreement
in accordance with the provisions hereof to the same extent and under the same terms and conditions as if it alone were servicing and
administering the Mortgage Loans for which it is responsible, and the Master Servicer shall pay the fees of any Sub-Servicer thereunder
as and when due from its own funds. In no event shall

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the Trust bear any termination fee required
to be paid to any Sub-Servicer as a result of such Sub-Servicer’s termination under any Sub-Servicing Agreement.

(f)                                  The Trustee, upon the request of the Master Servicer, shall furnish to any Sub-Servicer any documents necessary or appropriate
to enable such Sub-Servicer to carry out its servicing and administrative duties under any Sub-Servicing Agreement.

(g)                               Except with respect to each Initial Sub-Servicer (which may only be terminated in accordance with the related Initial Sub-Servicing
Agreement), each Sub-Servicing Agreement shall provide that, in the event the Trustee or any other Person becomes successor master
servicer, the Trustee or such successor master servicer shall have the right to terminate such Sub-Servicing Agreement with or without
cause and without a fee. Notwithstanding the foregoing or any other contrary provision in this Agreement, the Trustee and any successor
master servicer shall assume each Initial Sub-Servicing Agreement and (i) the Initial Sub-Servicer’s rights and obligations
under the Initial Sub-Servicing Agreement shall expressly survive a termination of the Master Servicer’s servicing rights under
this Agreement; provided that the Initial Sub-Servicing Agreement has not been terminated in accordance with its provisions;
(ii) any successor master servicer, including, without limitation, the Trustee (if it assumes the servicing obligations of the Master
Servicer) shall be deemed to automatically assume and agree to the then-current Initial Sub-Servicing Agreement without further
action upon becoming the successor master servicer and (iii) this Agreement may not be modified in any manner which would increase
the obligations or limit the rights of the Initial Sub-Servicer hereunder and/or under the Initial Sub-Servicing Agreement, without
the prior written consent of the Initial Sub-Servicer (which consent shall not be unreasonably withheld).

(h)                               With respect to Mortgage Loans subject to a Sub-Servicing Agreement with the Master Servicer, the Special Servicer shall, upon
request (such request to be made reasonably in advance as appropriate to the circumstances surrounding such request) of the related Sub-Servicer,
reasonably cooperate in delivering reports and information, including remittance information, and affording access to information to the
related Sub-Servicer that would be required to be delivered or afforded, as the case may be, to the Master Servicer pursuant to the
terms hereof.

(i)                                   Notwithstanding any other provision of this Agreement, the Special Servicer shall not enter into any Sub-Servicing Agreement
which provides for the performance by third parties of any or all of its obligations herein, without, with respect to any Mortgage Loan
other than an Excluded Loan, prior to the occurrence and continuance of any Control Termination Event, the consent of the Directing Certificateholder,
except to the extent necessary for the Special Servicer to comply with applicable regulatory requirements.

Notwithstanding anything
to the contrary herein, no Sub-Servicer shall make servicing decisions without the consent of the Master Servicer or Special Servicer,
as applicable, except to the extent specifically provided in the related Sub-Servicing Agreement.

(j)                                   [Reserved].

Section 3.21                   Interest Reserve Account. (a) On the Master Servicer Remittance Date occurring in each February and in any January
that occurs in a year that is not a leap year (in

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each case, unless the related Distribution
Date is the final Distribution Date), (i) the Certificate Administrator, in respect of the Actual/360 Loans, shall deposit into the Interest
Reserve Account, an amount equal to one (1) day’s interest on the Stated Principal Balance of the Actual/360 Loans as of the Due
Date occurring in the month preceding the month in which Master Servicer Remittance Date occurs at the related Net Mortgage Rate, to the
extent a full Periodic Payment or P&I Advance is made in respect thereof (all amounts so deposited in any consecutive February and
January, “Withheld Amounts”).

(b)                               On each Master Servicer Remittance Date occurring in March (or February, if the related Distribution Date is the final Distribution
Date), the Certificate Administrator shall withdraw, from the Interest Reserve Account an amount equal to the Withheld Amounts from the
preceding January (if applicable) and February, if any, and deposit such amount into the Lower-Tier REMIC Distribution Account.

Section 3.22                   Directing Certificateholder and Operating Advisor Contact with Master Servicer and Special Servicer. Within a reasonable
time upon request from the Directing Certificateholder or the Operating Advisor, as applicable, and no more often than on a monthly basis,
each of the Master Servicer and the Special Servicer shall, without charge, make a knowledgeable Servicing Officer via telephone available
to verbally answer questions from (a) ((i) prior to the occurrence of a Consultation Termination Event and (ii) other than
with respect to any Excluded Loan) the Directing Certificateholder and (b) the Operating Advisor (with respect to the Special Servicer
only), regarding the performance and servicing of the Mortgage Loans and/or REO Properties for which the Master Servicer or the Special
Servicer, as the case may be, is responsible. In connection with such telephonic meeting, and, at the Master Servicer’s or Special
Servicer’s option, the Directing Certificateholder shall execute an Investor Certification or confidentiality agreement satisfying
the requirements of Section 3.13(f).

Section 3.23                   Controlling Class Certificateholders, Directing Certificateholder and Risk Retention Consultation Parties; Certain Rights and
Powers of Directing Certificateholder and the Risk Retention Consultation Parties. (a) Each Controlling Class Certificateholder
is hereby deemed to have agreed by virtue of its purchase of a Certificate to provide its name and address to the Certificate Administrator
and to notify the Master Servicer, the Certificate Administrator, the Special Servicer and the Operating Advisor of the transfer of any
Certificate of a Controlling Class by delivering a notice to each such Person substantially in the form of Exhibit NN attached
hereto, the selection of a Directing Certificateholder or the resignation or removal thereof. The Directing Certificateholder is hereby
deemed to have agreed by virtue of its purchase of a Certificate to notify the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee and the Operating Advisor when such Certificateholder is appointed Directing Certificateholder and when it
is removed or resigns. To the extent there is only one Controlling Class Certificateholder and it or its Affiliate is also the Special
Servicer, it shall be the Directing Certificateholder.

On the Closing Date, the
initial Directing Certificateholder (other than the Loan-Specific Directing Certificateholder) shall execute and deliver to the parties
to this Agreement a certification substantially in the form of Exhibit P-1G to this Agreement. Upon the resignation or removal
of the existing Directing Certificateholder, any successor Directing Certificateholder shall deliver a certification substantially in
the form of Exhibit P-1G to this Agreement to each of the

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addressees therein prior to being recognized
as the new Directing Certificateholder. Upon the resignation or removal of any existing Risk Retention Consultation Party, any successor
Risk Retention Consultation Party shall execute and deliver a certification substantially in the form of Exhibit P-1H to this Agreement
prior to being recognized as the new Risk Retention Consultation Party. The parties hereto shall be entitled to assume that the Risk Retention
Consultation Parties have not changed absent such notice.

(b)                               Once a Directing Certificateholder has been selected, each of the Master Servicer, the Special Servicer, the Depositor, the Trustee,
the Certificate Administrator, the Operating Advisor and each other Certificateholder (or Certificate Owner, if applicable) and each RR
Interest Owner shall be entitled to rely on such selection unless the Controlling Class Certificateholders entitled to appoint the Directing
Certificateholder, by Certificate Balance, or such Directing Certificateholder shall have notified the Master Servicer, Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor and each other Controlling Class Certificateholder, in writing, of the
resignation of such Directing Certificateholder or the selection of a new Directing Certificateholder. Upon the resignation of a Directing
Certificateholder, the Certificate Administrator shall request the Controlling Class Certificateholders to select a new Directing Certificateholder.
In the event that (i) the Master Servicer, the Certificate Administrator, the Special Servicer, the Trustee or the Operating Advisor
receives written notice from a majority of the Controlling Class Certificateholders that a Directing Certificateholder is no longer designated
and (ii) the Controlling Class Certificateholder that owns the largest aggregate Certificate Balance of the Controlling Class (or
a representative thereof) becomes the Directing Certificateholder pursuant to the proviso of the definition of “Directing Certificateholder”,
then the Controlling Class Certificateholder that owns the largest aggregate Certificate Balance of the Controlling Class (or its representative)
shall provide its name and address to the Certificate Administrator and notify the Master Servicer, the Certificate Administrator, the
Special Servicer, the Trustee and the Operating Advisor that it is the new Directing Certificateholder; provided that the Master
Servicer, the Certificate Administrator, the Special Servicer, the Trustee and the Operating Advisor shall be entitled to rely on the
written notification provided by the purported Controlling Class Certificateholder that owns the largest aggregate Certificate Balance
of the Controlling Class without independently verifying that such Controlling Class Certificateholder actually owns the largest aggregate
Certificate Balance of the Controlling Class.

(c)                                Until it receives notice to the contrary, each of the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Trustee shall be entitled to rely on the most recent notification with respect to the identity of the Controlling
Class Certificateholder and the Directing Certificateholder.

Additionally, once a successor
Risk Retention Consultation Party has been selected, each of the Master Servicer, the Special Servicer, the Depositor, the Trustee, the
Certificate Administrator, the Operating Advisor and each other Certificateholder (or Certificate Owner, if applicable) and each RR Interest
Owner shall be entitled to rely on such selection unless the Holders of the related portion of the VRR Interest entitled to appoint such
Risk Retention Consultation Party, by Certificate Balance, or such Risk Retention Consultation Party shall have notified the Master Servicer,
the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and each other VRR Interest Owner, in writing,
of the selection of a new Risk Retention Consultation Party.

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(d)                               In the event that no Directing Certificateholder has been appointed or identified to the Master Servicer or the Special Servicer,
as applicable, and the Master Servicer or Special Servicer, as applicable, has attempted to obtain such information from the Certificate
Administrator and no such entity has been identified to the Master Servicer or the Special Servicer, as applicable, then until such time
as the new Directing Certificateholder is identified, the Master Servicer or the Special Servicer, as applicable, shall have no duty
to consult with, provide notice to, or seek the approval or consent of any such Directing Certificateholder as the case may be.

(e)                                Upon request, the Certificate Administrator shall deliver to the Depositor, Trustee, the Special Servicer, the Operating Advisor,
the Master Servicer and, prior to the occurrence of a Consultation Termination Event, the Directing Certificateholder, a list of each
Controlling Class Certificateholder as reflected in the Certificate Register, including names and addresses at the expense of the Trust.
In addition to the foregoing, within five (5) Business Days of receiving notice of the selection of a new Directing Certificateholder
or the existence of a new Controlling Class Certificateholder, the Certificate Administrator shall notify the Trustee, the Operating Advisor,
the Master Servicer and the Special Servicer, and the Master Servicer shall notify each Non-Serviced Trustee, Non-Serviced Master Servicer,
Non-Serviced Special Servicer, Non-Serviced Certificate Administrator and Non-Serviced Operating Advisor. Notwithstanding the foregoing,
KKR Real Estate Credit Opportunity Partners II L.P. shall be the initial Directing Certificateholder and shall remain so until a successor
is appointed pursuant to the terms of this Agreement or until a Consultation Termination Event occurs.

Until it receives notice
to the contrary, each of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator and the Trustee
shall be entitled to rely on the preceding sentence with respect to the identity of the Directing Certificateholder.

(f)                                  If to the extent the Certificate Administrator determines that a Class of Book-Entry Certificates is the Controlling Class,
the Certificate Administrator shall notify the related Certificateholders of such Class (through the Depository) of the Class becoming
the Controlling Class.

(g)                                Each Certificateholder and each RR Interest Owner acknowledges and agrees, by its acceptance of its Certificates or the RR Interest,
that: (i) the Directing Certificateholder may have special relationships and interests that conflict with those of Holders of one
or more Classes of Certificates or the RR Interest; (ii) the Directing Certificateholder may act solely in its interests or the interests
of the Holders of the Controlling Class (or, in the case of a Whole Loan, in the interest of one or more Companion Holders); (iii) the
Directing Certificateholder does not have any liability or duties to the Holders of any Class of Certificates other than the Controlling
Class; (iv) the Directing Certificateholder may take actions that favor its interests or the interests of the Holders of the Controlling
Class (or, in the case of a Whole Loan, in the interest of one or more Companion Holders) over the interests of the Holders of one or
more other Classes of Certificates or the RR Interest; and (v) the Directing Certificateholder shall have no liability whatsoever
(other than to a Controlling Class Certificateholder) for having so acted, and no Certificateholder nor RR Interest Owner may take any
action whatsoever against the Directing Certificateholder or any director, officer, employee, agent or principal of the Directing Certificateholder
for having so acted.

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(h)                               All requirements of the Master Servicer and the Special Servicer to provide notices, reports, statements or other information
(including the access to information on a website) to the Directing Certificateholder contained in this Agreement shall also apply to
each Companion Holder with respect to information relating to the related Serviced Mortgage Loan or a Serviced Whole Loan, as applicable;
provided, however, that nothing in this subsection (h) shall in any way eliminate the obligation to deliver
any information required to be delivered under the related Intercreditor Agreement.

(i)                                   Until it receives notice to the contrary, each of the Master Servicer, the Special Servicer, the Certificate Administrator, the
Trustee and the Operating Advisor shall be entitled to rely on the most recent notification with respect to the identity and contact information
of the Controlling Class Certificateholder, the Directing Certificateholder and any AB Whole Loan Controlling Holder.

(j)                                    With respect to a Serviced Whole Loan and any approval and consent rights in this Agreement with respect to such Serviced Whole
Loan, the related Serviced Whole Loan Controlling Holder shall exercise such rights in accordance with the related Intercreditor Agreement.

(k)                                The Certificate Registrar shall determine which Class of Certificates is the then-current Controlling Class within two (2)
Business Days of a request from the Master Servicer, Special Servicer, Operating Advisor, Certificate Administrator, Trustee, or any Certificateholder
and provide such information to the requesting party.

(l)                                   [Reserved].

(m)                              Promptly upon its determination of a change in the Controlling Class, the Certificate Administrator shall (i) include on its
statement made available pursuant to Section 4.02(a) of this Agreement the identity of the new Controlling Class and (ii) provide
to the Master Servicer, the Special Servicer and the Operating Advisor notice of such event and the identity and contact information of
the new Controlling Class Certificateholder (the cost of obtaining such information from DTC being an expense of the Trust). The Certificate
Administrator shall notify the Operating Advisor, the Master Servicer and the Special Servicer within ten (10) Business Days of the existence
or cessation of (i) any Control Termination Event or (ii) any Consultation Termination Event. Upon the Certificate Administrator’s
determination that a Control Termination Event or a Consultation Termination Event has occurred or is terminated, the Certificate Administrator
shall, within ten (10) Business Days, post a “special notice” on the Certificate Administrator’s Website pursuant to
this provision.

In the event that a Control
Termination Event has occurred due to a reduction of the Certificate Balance of the Class F Certificates (taking into account the
application of any Cumulative Appraisal Reduction Amounts to notionally reduce the Certificate Balance of such Class in accordance with
Section 4.05(a) hereof) to less than 25% of the Original Certificate Balance thereof, such special notice shall state “A
Control Termination Event has occurred due to the reduction of the Certificate Balance of the Class F Certificates to less than 25%
of the Original Certificate Balance thereof.”

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In the event that a Consultation
Termination Event has occurred due to the reduction of each Class of Control Eligible Certificates below 25% of its Original Certificate
Balance, in each case without regard to the application of any Cumulative Appraisal Reduction Amounts, such special notice shall state:
“A Consultation Termination Event has occurred because no Class of Control Eligible Certificates exists where such Class’s
aggregate Certificate Balance is at least equal to 25% of the Original Certificate Balance of that Class, in each case without regard
to the application of any Cumulative Appraisal Reduction Amounts.”

Section 3.24                   Intercreditor Agreements. (a) Each of the Master Servicer and Special Servicer acknowledges and agrees that each Serviced
Whole Loan being serviced under this Agreement and each Mortgage Loan with mezzanine debt is subject to the terms and provisions of the
related Intercreditor Agreement and each agrees to service each such Serviced Whole Loan and each Mortgage Loan with mezzanine debt in
accordance with the related Intercreditor Agreement and this Agreement, including, without limitation, effecting distributions and allocating
reimbursement of expenses in accordance with the related Intercreditor Agreement and, in the event of any conflict between the provisions
of this Agreement and the related Intercreditor Agreement, the related Intercreditor Agreement shall govern. Notwithstanding anything
contrary in this Agreement, each of the Master Servicer and Special Servicer agrees not to take any action with respect to a Serviced
Whole Loan or a Mortgage Loan with mezzanine debt or the related Mortgaged Property without the prior consent of the related Companion
Holder or mezzanine lender, as applicable, to the extent that the related Intercreditor Agreement provides that such Companion Holder
or mezzanine lender, as applicable, is required or permitted to consent to such action. Each of the Master Servicer and Special Servicer
acknowledges and agrees that each Companion Holder and each mezzanine lender or its respective designee has the right to purchase the
related Mortgage Loan pursuant to the terms and conditions of this Agreement and the related Intercreditor Agreement to the extent provided
for therein. Each of the Master Servicer and the Special Servicer further acknowledges and agrees that any AB Whole Loan Controlling Holder
will have the right to replace the Special Servicer solely with respect to the related Serviced AB Whole Loan, to the extent provided
for herein and in the related Intercreditor Agreement.

(b)                               Neither the Master Servicer nor the Special Servicer shall have any liability for any cost, claim or damage that arises from any
entitlement in favor of a Companion Holder or a mezzanine lender under the related Intercreditor Agreement or conflict between the terms
of this Agreement and the terms of such Intercreditor Agreement. Notwithstanding any provision of any Intercreditor Agreement that may
otherwise require the Master Servicer or the Special Servicer to abide by any instruction or direction of a Companion Holder or a mezzanine
lender, neither the Master Servicer nor the Special Servicer shall be required to comply with any instruction or direction the compliance
with which requires an Advance that constitutes or would constitute a Nonrecoverable Advance. In no event shall any expense arising from
compliance with an Intercreditor Agreement constitute an expense to be borne by the Master Servicer or Special Servicer for its own account
without reimbursement. In no event shall the Master Servicer or the Special Servicer be required to consult with or obtain the consent
of any Companion Holder or a mezzanine lender unless such Companion Holder or mezzanine lender has delivered notice of its identity and
contact information to each of the parties to this Agreement (upon which notice each of the parties to this Agreement shall be conclusively
entitled to rely). As of the Closing Date, the contact information for the Companion Holders and mezzanine lenders is as set forth in
the related Intercreditor Agreement. In no event shall the Master Servicer or the Special Servicer, as

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applicable, be required to consult with or
obtain the consent of a new Directing Certificateholder or a new Controlling Class Certificateholder unless the Certificate Administrator
has delivered notice to the Master Servicer or the Special Servicer, as applicable, as required under Section 3.23(e) or the
Master Servicer or Special Servicer, as applicable, have actual knowledge of the identity and contact information of a new Directing Certificateholder
or a new Controlling Class Certificateholder.

(c)                                No direction or disapproval of the Companion Holders or any mezzanine lender shall (a) require or cause the Master Servicer
or Special Servicer to violate the terms of a Mortgage Loan or Serviced Companion Loan, applicable law or any provision of this Agreement,
including the Master Servicer’s or Special Servicer’s obligation to act in accordance with the Servicing Standard and to maintain
the REMIC status of each Trust REMIC, (b) result in the imposition of a “prohibited transaction” or “prohibited
contribution” tax under the REMIC Provisions or (c) materially expand the scope of the Special Servicer’s, Trustee’s,
the Certificate Administrator’s or the Master Servicer’s responsibilities under this Agreement.

(d)                               With respect to any Serviced Pari Passu Companion Loan, notwithstanding any rights the Operating Advisor or the Directing Certificateholder
hereunder may have to consult with respect to any action or other matter with respect to the servicing of such Companion Loan, to the
extent the related Intercreditor Agreement provides that such right is exercisable by the related Companion Holder or is exercisable in
conjunction with any related Companion Holder, the Directing Certificateholder shall not be permitted to exercise such right or, to the
extent provided in the related Intercreditor Agreement, shall be required to exercise such right in conjunction with the related Companion
Holder, as applicable (except to the extent that the Directing Certificateholder is the related Serviced Whole Loan Controlling Holder).
Additionally, notwithstanding anything in this Agreement to the contrary, the Master Servicer or Special Servicer, as applicable, shall
consult, seek the approval or obtain the consent of the holder of any Serviced Companion Loan with respect to any matters with respect
to the servicing of such Companion Loan to the extent required under related Intercreditor Agreement and shall not take such actions requiring
consent of the related Companion Holder without such consent. In addition, notwithstanding anything to the contrary, the Master Servicer
or Special Servicer, as applicable, shall deliver reports and notices to the related Companion Holder as required under the Intercreditor
Agreement.

(e)                                Notwithstanding anything in this Agreement to the contrary, the Special Servicer shall be required (i) to provide copies of
any notice, information and report that it is required to provide to the Controlling Class Certificateholder pursuant to this Agreement
with respect to any Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report relating to a
Serviced Whole Loan, to the related Holder of a Serviced Pari Passu Companion Loan, within the same time frame it is required to provide
to the Controlling Class Certificateholder (for this purpose, without regard to whether such items are actually required to be provided
to the Controlling Class Certificateholder under this Agreement due to the occurrence of a Control Termination Event or a Consultation
Termination Event) and (ii) to consult with any related Holder of a Serviced Pari Passu Companion Loan on a strictly non-binding
basis, to the extent having received such notices, information and reports, such related Companion Holder requests consultation with respect
to any such Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report relating to a Serviced
Whole Loan,

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and consider alternative actions recommended
by such related Companion Holder; provided that after the expiration of a period of ten (10) Business Days from the delivery to
such related Companion Holder by the Special Servicer of written notice of a proposed action, together with copies of the notice, information
and report required to be provided to the Controlling Class Certificateholder, the Special Servicer shall no longer be obligated to consult
with such related Companion Holder, whether or not such related Companion Holder has responded within such ten (10) Business Day period
(unless, the Special Servicer proposes a new course of action that is materially different from the action previously proposed, in which
case such ten (10) Business Day period shall be deemed to begin anew from the date of such proposal and delivery of all information relating
thereto). Notwithstanding the consultation rights of the related Holder of a Serviced Pari Passu Companion Loan set forth in the immediately
preceding sentence, the Special Servicer may make any Major Decision or take any action set forth in the Asset Status Report before the
expiration of the aforementioned ten (10) Business Day period if the Special Servicer determines that immediate action with respect thereto
is necessary to protect the interests of the Certificateholders, the RR Interest Owners and the related Companion Holder. In no event
shall the Special Servicer be obligated at any time to follow or take any alternative actions recommended by the related Companion Holder.

(f)                                  In addition to the consultation rights of the holder of a Serviced Pari Passu Companion Loan provided in the immediately preceding
paragraph, such Companion Holder shall have the right to attend (in person or telephonically, in the discretion of the Master Servicer
or Special Servicer, as applicable) annual meetings with the Master Servicer or the Special Servicer at the offices of the Master Servicer
or Special Servicer, as applicable, upon reasonable notice and at times reasonably acceptable to the Master Servicer or Special Servicer,
as applicable, in which servicing issues related to the related Whole Loan are discussed.

(g)                               With respect to any Serviced Whole Loan, the Special Servicer shall not modify, waive or amend the terms of the related Intercreditor
Agreement such that the monthly remittance to the holder of the related Companion Loan is required earlier than two (2) Business Days
after receipt by the Master Servicer of the related Periodic Payment without the consent of the Master Servicer.

Section 3.25                   Rating Agency Confirmation. (a) Notwithstanding the terms of any related Mortgage Loan documents or other provisions
of this Agreement, if any action under any Mortgage Loan documents or this Agreement requires Rating Agency Confirmation as a condition
precedent to such action, if the party (the “RAC Requesting Party”) required to obtain such Rating Agency Confirmation
from each Rating Agency has made a request to any Rating Agency for such Rating Agency Confirmation and, within ten (10) Business Days
of the Rating Agency Confirmation request being posted to the 17g-5 Information Provider’s Website, such Rating Agency has not
replied to such request or has responded in a manner that indicates that such Rating Agency is neither reviewing such request nor waiving
the requirement for Rating Agency Confirmation, then such RAC Requesting Party shall be required to confirm (through direct communication
and not by posting any confirmation on the 17g-5 Information Provider’s Website) that the applicable Rating Agency has received
the Rating Agency Confirmation request, and, if it has, promptly request the related Rating Agency Confirmation again. The circumstances
described in the preceding sentence are referred to in this Agreement as a “RAC No-Response Scenario.” Once the
RAC Requesting Party has sent a request for a Rating Agency Confirmation to the 17g-

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5 Information Provider, such RAC Requesting
Party, may, but shall not be obligated to send such request directly to the Rating Agencies in accordance with the procedures set forth
in Section 13.10(d).

If there is no response to
such Rating Agency Confirmation request within five (5) Business Days of such second request in a RAC No-Response Scenario or if such
Rating Agency has responded in a manner that indicates such Rating Agency is neither reviewing such request nor waiving the requirement
for Rating Agency Confirmation, then (x) with respect to any condition in any Mortgage Loan document requiring such Rating Agency
Confirmation or with respect to any other matter under this Agreement relating to the servicing of the Mortgage Loans (other than as set
forth in clause (y) below), the requirement to obtain a Rating Agency Confirmation shall be deemed not to apply (as if such
requirement did not exist) with respect to such Rating Agency and the Master Servicer or the Special Servicer, as the case may be, may
then take such action if the Master Servicer or the Special Servicer, as applicable, confirms its original determination (made prior to
making such request) that taking the action with respect to which it requested the Rating Agency Confirmation would still be consistent
with the Servicing Standard, and (y) with respect to a replacement of the Master Servicer or Special Servicer, such condition shall
be deemed not to apply (as if such requirement did not exist) if (i) the applicable replacement master servicer or special servicer
has been appointed and currently serves as a master servicer or a special servicer, as applicable, on a transaction-level basis on a commercial
mortgage-backed securities transaction currently rated by Moody’s that currently has securities outstanding and for which Moody’s
has not cited servicing concerns with respect to such replacement master servicer or special servicer as the sole or a material factor
in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a rating
downgrade or withdrawal) of securities in a commercial mortgage-backed securitization transaction serviced by the applicable replacement
master servicer or special servicer prior to the time of determination, if Moody’s is the non-responding Rating Agency, (ii) the
applicable replacement master servicer or special servicer is rated at least “CMS3” (in the case of the master servicer) or
“CSS3” (in the case of the special servicer), if Fitch is the non-responding Rating Agency or (iii) (A) such replacement
master servicer or special servicer has a ranking by DBRS Morningstar higher than or equal to “MOR CS3” as a master servicer
or special servicer, as applicable or (B) if not ranked by DBRS Morningstar, (1) such replacement master servicer or special servicer
is acting as master servicer or special servicer, as applicable, in a commercial mortgage loan securitization that was rated by DBRS Morningstar
within the 12-month period prior to the date of determination and (2) DBRS Morningstar has not publicly cited servicing concerns of the
applicable replacement master servicer or special servicer as the sole or material factor in any qualification, downgrade or withdrawal
of the then-current rating or ratings of one or more classes of such commercial mortgage backed securities, if DBRS Morningstar is the
non-responding Rating Agency.

Any Rating Agency Confirmation
request made by the Master Servicer, Special Servicer, Certificate Administrator or Trustee, as applicable, pursuant to this Agreement,
shall be made in writing, which writing shall contain a cover page indicating the nature of the Rating Agency Confirmation request, and
shall contain all back-up material necessary for the Rating Agency to process such request. Such written Rating Agency Confirmation
request shall be provided in electronic format to the 17g-5 Information Provider, and the 17g-5 Information Provider shall post
such request on the 17g-5 Information Provider’s Website in accordance with Section 3.13(c).

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Promptly following the Master
Servicer’s or Special Servicer’s determination to take any action discussed in this Section 3.25(a) following
any requirement to obtain a Rating Agency Confirmation being deemed not to apply (as if such requirement did not exist), the Master Servicer
or Special Servicer, as applicable, shall provide electronic written notice to the 17g-5 Information Provider of the action taken
for the particular item at such time, and the 17g-5 Information Provider shall promptly post such notice on the 17g-5 Information
Provider’s Website in accordance with Section 3.13(c).

(b)                                Notwithstanding anything to the contrary in this Section 3.25, for purposes of the provisions of any Mortgage Loan
document relating to defeasance (including without limitation the type of collateral acceptable for use as defeasance collateral) or release
or substitution of any collateral, any Rating Agency Confirmation requirement in the Mortgage Loan documents for which the Master Servicer
or Special Servicer would have been permitted to waive obtaining or to make a determination with respect to such Rating Agency Confirmation
pursuant to Section 3.25(a) shall be deemed not to apply (as if such requirement did not exist).

(c)                                 For all other matters or actions not specifically discussed in Section 3.25(a) above, the applicable RAC Requesting
Party shall deliver Rating Agency Confirmation from each Rating Agency.

Section 3.26                   The Operating Advisor. (a) The Operating Advisor shall promptly review (i) all information made available to Privileged
Persons on the Certificate Administrator’s Website (A) that relates to any Specially Serviced Mortgage Loan, and (B) that is contained
in the CREFC® Servicer Watch List prepared by the applicable Master Servicer and (ii) each Final Asset Status Report delivered
or made available to the Operating Advisor. The Operating Advisor shall perform its duties hereunder in accordance with the Operating
Advisor Standard.

(b)                                The Operating Advisor and its Affiliates will be obligated to keep confidential any information appropriately labeled as “Privileged
Information” received from the Special Servicer or Directing Certificateholder in connection with the Directing Certificateholder’s
exercise of its rights under this Agreement (including, without limitation, in connection with the review and/or approval of any Asset
Status Report or Final Asset Status Report), subject to any Privileged Information Exception or law, rule, regulation, order, judgment
or decree requiring the disclosure of such Privileged Information. Subject to the terms and conditions in this Agreement related to Privileged
Information, the Operating Advisor agrees that it shall use information received from the Special Servicer pursuant to the terms of this
Agreement solely for purposes of complying with its duties and obligations hereunder.

(c)                                (i) During the continuance of a Control Termination Event, based on the Operating Advisor’s review of any assessment
of compliance report, any attestation report, any Major Decision Reporting Package, and/or Asset Status Report, any Final Asset Status
Report and other reports by the Special Servicer made available to Privileged Persons that are posted on Certificate Administrator’s
Website during the prior calendar year, the Operating Advisor shall (if, at an time during the prior calendar year, any Mortgage Loan
(other than a Non-Serviced Mortgage Loan) was a Specially Serviced Mortgage Loan) deliver to the Depositor, the Certificate Administrator
(who shall promptly post such report on the Certificate Administrator’s Website in accordance with Section 3.13(b)) and the
17g-5 Information Provider (who shall post it to the 17g-

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5 Information Provider’s Website in accordance
with Section 3.13(c)) within one hundred-twenty (120) days of the end of the prior calendar year for which a Control Termination
Event was continuing as of December 31, an annual report (the “Operating Advisor Annual Report”), substantially in
the form of Exhibit V (which form may be modified or altered as to either its organization or content by the Operating Advisor,
subject to compliance of such form with the terms and provisions of this Agreement including, without limitation, provisions herein relating
to Privileged Information; provided, however, that in no event shall the information or any other content included in the
Operating Advisor Annual Report contravene any provision of this Agreement), and setting forth the Operating Advisor’s assessment
of the Special Servicer’s performance of its duties pursuant to this Agreement during the prior calendar year on an Asset-Level
Basis with respect to the resolution and/or liquidation of any Specially Serviced Mortgage Loan that the Special Servicer is responsible
for servicing under this Agreement; provided, however, that in the event the Special Servicer is replaced, the Operating
Advisor Annual Report shall only relate to the Special Servicer that was acting as Special Servicer as of December 31 in the prior calendar
year and is continuing in such capacity through the date of such Operating Advisor Annual Report; provided, further, that
the Operating Advisor shall prepare a separate Operating Advisor Annual Report relating to the Excluded Special Servicer and any Excluded
Special Servicer Loan(s) serviced by such Excluded Special Servicer. Subject to the restrictions in this Agreement, each such Operating
Advisor Annual Report shall (A) identify any material deviations (i) from the Servicing Standard and (ii) from the Special Servicer’s
obligations under this Agreement with respect to the resolution or liquidation of Specially Serviced Mortgage Loans or REO Properties
that the Special Servicer is responsible for servicing under this Agreement (other than with respect to any REO Property related to a
Non-Serviced Mortgage Loan) and (B) comply with all of the confidentiality requirements described in this Agreement regarding Privileged
Information (subject to any permitted exceptions). In preparing the Operating Advisor Annual Report, the Operating Advisor shall not be
required to (i) report on instances of non-compliance with, or deviations from, the Servicing Standard or the Special Servicer’s
obligations under this Agreement that the Operating Advisor determines, in accordance with the Operating Advisor Standard, to be immaterial
or (ii) provide or obtain a legal opinion, legal review or legal conclusion. Notwithstanding the foregoing, with respect to any Serviced
AB Whole Loan, no Operating Advisor Annual Report will be permitted to include an assessment of the Special Servicer’s performance
in respect of such Serviced AB Whole Loan until during the continuance of an AB Control Appraisal Period under the related Co-Lender Agreement.
Subject to the restrictions in this Agreement, including, without limitation, Section 3.26(d) hereof, each such Operating Advisor
Annual Report shall comply with all of the confidentiality requirements described in this Agreement regarding Privileged Information (subject
to any permitted exceptions). Such Operating Advisor Annual Report shall be delivered to the Depositor, the Certificate Administrator
(which shall promptly post such Operating Advisor Annual Report on the Certificate Administrator’s Website in accordance with Section
3.13(b)) and the 17g-5 Information Provider (which shall promptly post such Operating Advisor Annual Report on the 17g-5 Information
Provider’s Website in accordance with Section 3.13(c)); provided, however, that the Special Servicer shall
be given an opportunity to review the Operating Advisor Annual Report at least five (5) Business Days prior to its delivery to the Depositor,
the Certificate Administrator and the 17g-5 Information Provider. The Operating Advisor shall have no obligation to adopt any comments
to the Operating Advisor Annual Report that are provided by the Special Servicer. Notwithstanding the foregoing, no Operating Advisor
Annual Report shall

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be required from the Operating Advisor with
respect to the Special Servicer, if during the prior calendar year, no Final Asset Status Report was prepared by the Special Servicer
in connection with a Specially Serviced Loan or REO Property.

(ii)                                 In the event the Operating Advisor’s ability to perform its obligations in respect of the Operating Advisor Annual Report
is limited or prohibited due to the failure of a party hereto to timely deliver information required to be delivered to the Operating
Advisor or because such information is inaccurate or incomplete, the Operating Advisor shall set forth such limitations or prohibitions
in the related Operating Advisor Annual Report, and the Operating Advisor shall not be subject to any liability arising from such limitations
or prohibitions. The Operating Advisor shall be entitled to conclusively rely on the accuracy and completeness of any information it is
provided without liability for such reliance thereon.

(d)                                Other than during continuance of a Control Termination Event, the Special Servicer shall forward any Appraisal Reduction Amount
and net present value calculations used in the Special Servicer’s determination of what course of action to take in connection with
the workout or liquidation of a Specially Serviced Mortgage Loan to the Operating Advisor after such calculations have been finalized.
The Operating Advisor shall review such calculations but shall not opine on or take any affirmative action with respect to such Appraisal
Reduction Amount calculations and/or net present value calculations (except that if the Operating Advisor discovers a material mathematical
error contained in such calculations, then the Operating Advisor shall notify the Special Servicer and the Directing Certificateholder
of such error).

(e)                                (i) During the continuance of a Control Termination Event, after the calculation but prior to the utilization by the Special
Servicer of any of the calculations related to (i) Appraisal Reduction Amounts or (ii) net present value in accordance with
Section 1.02(iv), the Special Servicer shall forward such calculations, together with any supporting material or additional information
necessary in the Special Servicer’s possession or reasonably obtainable by the Special Servicer in support thereof (including such
additional information reasonably requested by the Operating Advisor to confirm the mathematical accuracy of such calculations, but not
including any Privileged Information), to the Operating Advisor promptly, but in any event no later than two (2) Business Days after preparing
such calculations, and the Operating Advisor shall promptly, but no later than five (5) Business Days after receipt of such calculations
and any supporting or additional materials, recalculate and verify the accuracy of the mathematical calculations and the corresponding
application of the non-discretionary portion of the applicable formulas required to be utilized in connection with any such calculation.

(ii)                                 In connection with this Section 3.26(e), in the event the Operating Advisor does not agree with the mathematical calculations
of the net present value or the application of the applicable non-discretionary portions of the formula required to be utilized for
such calculation in any material respect, the Operating Advisor and the Special Servicer shall consult with each other in order to resolve
any material inaccuracy in the mathematical calculations or the application of the non-discretionary portions of the related formula
in arriving at those mathematical calculations or any disagreement within five (5) Business Days of delivery of such calculations. In
the event the Operating Advisor and the Special Servicer are not able to resolve such inaccuracies or disagreement prior to the end of
such

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five (5) Business Day period, the Operating
Advisor shall promptly notify the Certificate Administrator of such disagreement and the Certificate Administrator shall examine the calculations
and supporting materials provided by the Operating Advisor and the Special Servicer and determine which calculation is to apply (and shall
provide prompt written notice of such determination to the Operating Advisor and the Special Servicer).

(f)                                  Notwithstanding
the foregoing, with respect to the Operating Advisor’s review of Appraisal Reduction Amount or net present value calculations as
required above, the Operating Advisor’s recalculation shall not take into account the reasonableness of the Special Servicer’s
property and borrower performance assumptions or other similar discretionary portions of the net present value calculation or Appraisal
Reduction calculation.

(g)                               The Operating Advisor and its Affiliates shall keep all information appropriately labeled as “Privileged Information”
confidential and shall not disclose such information to any other Person (including any Certificateholders other than the Directing Certificateholder
and the RR Interest Owners), other than (1) to a party hereto, to the extent expressly set forth herein with a notice indicating that
such information is Privileged Information, (2) pursuant to a Privileged Information Exception or (3) where necessary to support specific
findings or conclusions concerning allegations of deviations from the Servicing Standard (i) in the Operating Advisor Annual Report or
(ii) in connection with a recommendation by the Operating Advisor to replace the Special Servicer. Each party to this Agreement that receives
Privileged Information shall not disclose such Privileged Information to any other Person without the prior written consent of the Special
Servicer and, unless a Consultation Termination Event has occurred, the Directing Certificateholder (with respect to any Mortgage Loan
other than any Non-Serviced Mortgage Loan and any Excluded Loan) other than pursuant to a Privileged Information Exception or under circumstances
described in this Section 3.26(g). In addition and for the avoidance of doubt, while the Operating Advisor may serve in a similar
capacity with respect to Other Securitizations that involve the same parties or borrower involved in this securitization, the knowledge
of the employees performing operating advisor functions for such Other Securitizations are not imputed to different employees of the Operating
Advisor performing the obligations hereunder. Notwithstanding the foregoing, the Operating Advisor shall be permitted to share Privileged
Information with its Affiliates and any subcontractors of the Operating Advisor that agree in writing to be bound by the same confidentiality
provisions applicable to the Operating Advisor.

(h)                               Subject to the requirements of confidentiality imposed on the Operating Advisor herein (including without limitation in respect
of Privileged Information), the Operating Advisor shall respond to Inquiries proposed by Privileged Persons from time to time in accordance
with the terms of Section 4.07(a).

(i)                                   As compensation for its activities hereunder, the Operating Advisor shall be entitled to receive the Operating Advisor Fee on each
Distribution Date with respect to each Mortgage Loan (including each Non-Serviced Mortgage Loan but excluding any Companion Loan) or each
REO Loan. As to each Mortgage Loan and each REO Loan, the Operating Advisor Fee shall accrue from time to time at the Operating Advisor
Fee Rate and shall be computed on the basis of the Stated Principal Balance of such Mortgage Loan or REO Loan, as the case may be, and
in the same manner as interest is calculated on the related Mortgage Loan or REO Loan,

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as the case may be, and, in connection with
any partial month interest payment, for the same period respecting which any related interest payment due on the related Mortgage Loan
or deemed to be due on such REO Loan is computed.

The Operating Advisor shall
be entitled to reimbursement of any Operating Advisor Expenses provided for pursuant to Section 6.04(a) and/or 6.04(b)
hereof, such amounts to be reimbursed from amounts on deposit in the Collection Account as provided by Section 3.05(a). Each
successor Operating Advisor shall be required to acknowledge and agree to the terms of the preceding sentence.

In addition, the Operating
Advisor Consulting Fee shall be payable to the Operating Advisor with respect to each Major Decision for which the Operating Advisor has
consultation obligations hereunder. The Operating Advisor Consulting Fee shall be payable from funds on deposit in the Collection Account
as provided in Section 3.05(a)(ii) of this Agreement, but only to the extent such Operating Advisor Consulting Fee is actually
received from the related Mortgagor. When the Operating Advisor has consultation obligations with respect to a Major Decision under this
Agreement, the Master Servicer or the Special Servicer, as applicable, processing the related Major Decision shall use efforts consistent
with the Servicing Standard to collect the applicable Operating Advisor Consulting Fee from the related Mortgagor in connection with such
Major Decision, but only to the extent not prohibited by the related Mortgage Loan documents. The Master Servicer or Special Servicer,
as applicable, may waive or reduce the amount of any Operating Advisor Consulting Fee payable by the related Mortgagor if it determines
that such full or partial waiver is in accordance with the Servicing Standard, but in no event shall the Master Servicer or the Special
Servicer take any enforcement action with respect to the collection of such Operating Advisor Consulting Fee other than requests for collection;
provided that the Master Servicer or the Special Servicer, as applicable, shall consult, on a non-binding basis, with the Operating
Advisor prior to any such waiver or reduction. Notwithstanding the foregoing, the Operating Advisor shall have no obligations or consultation
rights as Operating Advisor with respect to any Non-Serviced Whole Loan or any related REO Property; provided, further,
that the Operating Advisor shall not be entitled to an Operating Advisor Consulting Fee with respect to any Non-Serviced Whole Loan.

(j)                                   After the occurrence of a Consultation Termination Event, the Operating Advisor may be removed upon (i) the written direction
of Holders of Certificates evidencing not less than 25% of the Voting Rights (taking into account the application of Appraisal Reduction
Amounts to notionally reduce the Certificate Balances of Classes to which such Appraisal Reduction Amounts are allocable) requesting a
vote to replace the Operating Advisor with a replacement Operating Advisor selected by such Certificateholders (provided that the
proposed replacement Operating Advisor is an Eligible Operating Advisor) and (ii) payment by such requesting Holders to the Certificate
Administrator of all reasonable fees and expenses to be incurred by the Certificate Administrator in connection with administering such
vote and (iii) receipt by the Trustee and the Certificate Administrator of Rating Agency Confirmation from each Rating Agency (which
confirmations will be obtained by the Certificate Administrator at the expense of such Holders and will not constitute an additional expense
of the Trust). The Certificate Administrator shall promptly provide written notice to all Certificateholders and the RR Interest Owners
of such request by posting such notice on the Certificate Administrator’s Website in accordance with Section 3.13(b),
and concurrently by mail, and conduct the solicitation of votes

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of all Certificates in such regard. Upon the
vote or written direction of Holders of a majority of the aggregate Certificate Balance of all Classes of Principal Balance Certificates
(taking into account the application of Appraisal Reduction Amounts to notionally reduce the Certificate Balances of Classes to which
such Appraisal Reduction Amounts are allocable), the Trustee shall immediately replace the Operating Advisor with the replacement Operating
Advisor.

(k)                                After the occurrence of an Operating Advisor Termination Event, the Trustee may, and upon the written direction of Certificateholders
representing at least 25% of the Voting Rights (taking into account the application of any Appraisal Reduction Amounts to notionally reduce
the Certificate Balance of the Classes of Certificates), the Trustee shall promptly terminate the Operating Advisor for cause and appoint
a replacement Operating Advisor that is an Eligible Operating Advisor; provided that no such termination shall be effective until
a successor Operating Advisor has been appointed and has assumed all of the obligations of the Operating Advisor under this Agreement.
The Trustee may rely on a certification by the replacement Operating Advisor that it is an Eligible Operating Advisor. Upon any termination
of the Operating Advisor and appointment of a successor to the Operating Advisor, the Trustee shall, as soon as possible, be required
to give written notice of the termination and appointment to the Special Servicer, the Master Servicer, the Certificate Administrator,
the 17g-5 Information Provider, the Depositor, the Directing Certificateholder for any Mortgage Loan other than an Excluded Loan (but
only if no Control Termination Event or Consultation Termination Event has occurred), any Companion Holder and the Certificateholders.
Notwithstanding the foregoing, if the Trustee is unable to find a successor operating advisor within thirty (30) days of the termination
of the Operating Advisor, the Depositor shall be permitted to find a replacement. The Trustee shall not be liable for any failure to identify
and appoint a successor operating advisor so long as the Trustee uses commercially reasonable efforts to conduct a search for a successor
operating advisor and such failure is not a result of the Trustee’s negligence, bad faith or willful misconduct in the performance
of its obligations hereunder.

(l)                                    The Holders of Certificates representing at least 25% of the Voting Rights affected by any Operating Advisor Termination Event
hereunder may waive such Operating Advisor Termination Event within twenty (20) days of the receipt of notice from the Certificate Administrator
of the occurrence of such Operating Advisor Termination Event. Upon any such waiver of an Operating Advisor Termination Event, such Operating
Advisor Termination Event shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. Upon any such waiver
of an Operating Advisor Termination Event by Certificateholders, the Trustee and the Certificate Administrator shall be entitled to recover
all costs and expenses incurred by it in connection with enforcement action taken with respect to such Operating Advisor Termination Event
prior to such waiver from the Trust.

(m)                             Prior to the occurrence and continuance of a Control Termination Event, the Directing Certificateholder shall have the right to
consent, such consent not to be unreasonably withheld, conditioned or delayed, to the identity of any replacement Operating Advisor appointed
pursuant to this Section 3.26; provided, further, that such consent will be deemed to have been granted if no
objection is made within ten (10) Business Days following the Directing Certificateholder’s receipt of the request for consent
and, if granted or deemed granted, such consent cannot thereafter be revoked or withdrawn.

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(n)                               The Operating Advisor may resign from its obligations and duties hereby imposed on it (a) upon thirty (30) days’
prior written notice to the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Asset
Representations Reviewer, the Risk Retention Consultation Parties and the Directing Certificateholder, if applicable, and (b) upon
the appointment of, and the acceptance of such appointment by, a successor Operating Advisor that is an Eligible Operating Advisor and
receipt by the Trustee of Rating Agency Confirmation from each Rating Agency. If no successor operating advisor has been so appointed
and accepted the appointment within thirty (30) days after the notice of resignation, the resigning Operating Advisor may petition any
court of competent jurisdiction for the appointment of a successor operating advisor that is an Eligible Operating Advisor. No such resignation
by the Operating Advisor shall become effective until the replacement Operating Advisor shall have assumed the resigning Operating Advisor’s
responsibilities and obligations. The resigning Operating Advisor shall pay all costs and expenses (including costs and expenses incurred
by the Trustee and the Certificate Administrator) associated with a transfer of its duties pursuant to this Section 3.26.

(o)                               [Reserved].

(p)                               In
the event the Operating Advisor resigns or is otherwise terminated for any reason it shall remain entitled to any accrued and unpaid
Operating Advisor Fees and Operating Advisor Consulting Fees and reimbursement of accrued and unpaid Operating Advisor Expenses pursuant
to Section 3.26(i) and shall also remain entitled to any rights of indemnification provided hereunder.

(q)                               The parties hereto agree, and the Certificateholders and the RR Interest Owners by their acceptance of their Certificates and the
RR Interest shall be deemed to have agreed, that (i) subject to Section 6.04, the Operating Advisor shall have no liability
to any Certificateholder or any RR Interest Owner for any actions taken or for refraining from taking any actions under this Agreement,
(ii) the Operating Advisor shall act solely as a contracting party to the extent set forth in this Agreement, (iii) the Operating
Advisor shall have no (A) fiduciary duty, or (B) other duty except with respect to its specific obligations under this Agreement,
and shall have no duty to any particular Class of Certificates or particular Certificateholders or the RR Interest Owners or any third
party, and (iv) the Operating Advisor does not constitute an “investment adviser” within the meaning of the Investment
Advisers Act of 1940, as amended.

(r)                                  With
respect to the determination of whether a Control Termination Event or Consultation Termination Event has occurred and is continuing,
or has terminated, the Operating Advisor shall be entitled to rely solely on its receipt from the Certificate Administrator of notice
thereof pursuant to Section 3.23(m) of this Agreement, and, with respect to any obligations of the Operating Advisor that
are performed only after the occurrence and during the continuance of a Control Termination Event or Consultation Termination Event,
the Operating Advisor shall have no obligation to perform any such duties until the receipt of such notice.

Section 3.27                   Companion Paying Agent. (a) With respect to each of the Serviced Companion Loans, the Master Servicer shall be the
Companion Paying Agent hereunder. The Companion Paying Agent undertakes to perform such duties and only such duties as are specifically
set forth in this Agreement.

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(b)                               No provision of this Agreement shall be construed to relieve the Companion Paying Agent from liability for its negligent failure
to act, bad faith or its own willful misfeasance; provided, however, that the duties and obligations of the Companion Paying
Agent shall be determined solely by the express provisions of this Agreement. The Companion Paying Agent shall not be liable except for
the performance of such duties and obligations, no implied covenants or obligations shall be read into this Agreement against the Companion
Paying Agent. In the absence of bad faith on the part of the Companion Paying Agent, the Companion Paying Agent may conclusively rely,
as to the truth and correctness of the statements or conclusions expressed therein, upon any resolutions, certificates, statements, opinions,
reports, documents, orders or other instrument furnished to the Companion Paying Agent by any Person and which on their face do not contradict
the requirements of this Agreement.

(c)                                In the case of each of the Serviced Companion Loans, upon the resignation or removal of the Master Servicer pursuant to Article VII
of this Agreement, the Master Servicer, as the Companion Paying Agent, shall be deemed simultaneously to resign or be removed.

(d)                               This
Section 3.27 shall survive the termination of this Agreement or the resignation or removal of the Companion Paying Agent,
as regards to rights accrued prior to such resignation or removal.

Section 3.28                   Companion Register. The Companion Paying Agent shall maintain a register (the “Companion Register”) with
respect to each Serviced Companion Loan on which it will record the names and address of, and wire transfer instructions for, the Companion
Holders from time to time, to the extent such information is provided in writing to it by each Companion Holder. The initial Companion
Holders, along with their respective name and address, are listed on Exhibit S hereto. In the event a Companion Holder transfers
a Companion Loan without notice to the Companion Paying Agent, the Companion Paying Agent shall have no liability for any misdirected
payment in such Companion Loan and shall have no obligation to recover and redirect such payment.

The Companion Paying Agent
shall promptly provide the name and address of the Companion Holder to any party hereto or any successor Companion Holder upon written
request and any such Person may, without further investigation, conclusively rely upon such information. The Companion Paying Agent shall
have no liability to any Person for the provision of any such name and address.

For the avoidance of doubt,
unless specifically provided to the contrary in the related Intercreditor Agreement or this Agreement: (x) any notices, reports or other
information required to be delivered pursuant to this Agreement by any party hereto to a Serviced Companion Holder with respect to a Companion
Loan that has been included in an Other Securitization shall be provided to the Other Servicer under the Other Pooling and Servicing Agreement;
and (y) any notices, reports or other information required to be delivered pursuant to this Agreement by any party hereto to a holder
of a Non-Serviced Companion Loan shall be provided to the applicable Non-Serviced Master Servicer under the related Non-Serviced PSA.

Section 3.29                   Certain Matters Relating to the Non-Serviced Mortgage Loans. (a) In the event that any of the applicable Non-Serviced
Trustee, the applicable Non-Serviced

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Master Servicer or the applicable Non-Serviced
Special Servicer shall be replaced in accordance with the terms of the applicable Non-Serviced PSA, the Master Servicer and the Special
Servicer shall acknowledge its successor as the successor to the applicable Non-Serviced Trustee, the applicable Non-Serviced
Master Servicer or the applicable Non-Serviced Special Servicer, as the case may be.

(b)                               If any of the Trustee, the Certificate Administrator or the Master Servicer receives notice from a Rating Agency that the Master
Servicer is no longer an “approved” master servicer by any of the Rating Agencies rating the Certificates, then the Trustee,
the Certificate Administrator or the Master Servicer, as applicable, shall promptly notify each Non-Serviced Master Servicer of the same.

(c)                                In connection with the securitization of each Serviced Pari Passu Companion Loan, (in each case, only while it is a Serviced Companion
Loan), upon the request of (and at the expense of) the related Serviced Companion Noteholder (or its designee), each of the Master Servicer,
the Special Servicer and the Trustee, as applicable, shall use reasonable efforts to cooperate with such Serviced Companion Noteholder
in attempting to cause the related Mortgagor to provide information relating to such Whole Loan and the related notes, and that such holder
reasonably determines to be necessary or appropriate, for inclusion in any disclosure document(s) relating to such Other Securitization.

(d)                               In connection with the sale of any Non-Serviced Whole Loan by any Non-Serviced Special Servicer, upon receipt of any notices or
materials required to be furnished by such Non-Serviced Special Servicer to the holder of the related Non-Serviced Mortgage Loan pursuant
to the related Intercreditor Agreement, the Special Servicer shall, prior to the occurrence and continuance of a Control Termination Event,
forward such materials to the Directing Certificateholder for its consent, if such consent is required. The Special Servicer may (with
the consent of the Directing Certificateholder prior to the occurrence and continuance of a Control Termination Event) waive any timing
or delivery requirements related to such sale to the extent set forth in the related Intercreditor Agreement.

(e)                                With
respect to any Non-Serviced Mortgage Loan or Servicing Shift Mortgage Loan, the Directing Certificateholder, prior to the occurrence
and continuance of a Consultation Termination Event, or the Operating Advisor, following the occurrence and during the continuance of
a Consultation Termination Event, shall be entitled to exercise any consultation rights held by the holder of such Mortgage Loan in its
capacity as a “Non-Controlling Note Holder” (or similar term identified in the related Intercreditor Agreement) under the
related Intercreditor Agreement.

(f)                                  With respect to the servicing of each Non-Serviced Mortgage Loan, this Agreement is subject to the related Intercreditor Agreement
and incorporates by reference all provisions required to be included herein pursuant to such Intercreditor Agreement.

(g)                               With respect to each Whole Loan, if any Serviced Companion Loan becomes the subject of an “asset review” (or such analogous
term defined in the related Other Pooling and Servicing Agreement) pursuant to the related Other Pooling and Servicing Agreement, the
Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate

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with the Other Asset Representations Reviewer
or any other party to the Other Pooling and Servicing Agreement in connection with such Asset Review by providing the Other Asset Representations
Reviewer or such other requesting party with any documents reasonably requested by the Other Asset Representations Reviewer or such other
requesting party, but only to the extent such documents are in the possession of the Master Servicer, the Special Servicer, the Trustee
or the Custodian, as the case may be.

(h)                               On each Servicing Shift Securitization Date, (i) the Custodian shall, upon receipt of a Request for Release transfer the related
Mortgage File (other than the note(s) designating the related Servicing Shift Mortgage Loan), the original of which shall be retained
by the Custodian, for the related Servicing Shift Whole Loan to the related Non-Serviced Trustee under the related Non-Serviced PSA and
retain a copy of such Mortgage File and (ii) the Master Servicer shall, upon receipt of notice from the applicable Mortgage Loan Seller
that the applicable Servicing Shift Lead Note has been or is being securitized on the related Servicing Shift Securitization Date, transfer
(and cooperate with reasonable requests in connection with such transfer of) the Servicing File for the related Servicing Shift Whole
Loan, and any Escrow Payments, reserve funds and originals of items specified in clauses (x) and (xii) of the definition of Mortgage File
for the related Servicing Shift Whole Loan, to the related Non-Serviced Master Servicer on the related Servicing Shift Securitization
Date.

Upon receipt of notice from
the applicable Mortgage Loan Seller that the applicable Servicing Shift Lead Note has been or is being securitized on the related Servicing
Shift Securitization Date, the Master Servicer shall provide the Custodian with a Request for Release of the Mortgage File on the related
Servicing Shift Securitization Date and transfer (and cooperate with reasonable requests in connection with such transfer of) the Servicing
File to the related Non-Serviced Master Servicer identified to it pursuant to the related notice from the related Mortgage Loan Seller
on the related Servicing Shift Securitization Date.

Promptly upon any change
in the identity of the Master Servicer, the successor master servicer shall deliver notice of such change (together with the contact information
of such successor Master Servicer) to each Non-Serviced Trustee, Non-Serviced Certificate Administrator, Non-Serviced Special Servicer,
Non-Serviced Master Servicer and Non-Serviced Operating Advisor.

Section 3.30                   [Reserved].

Section 3.31                   [Reserved].

Section 3.32                   Delivery of Excluded Information to the Certificate Administrator. (a) Any Excluded Information that the Master Servicer,
the Special Servicer or the Operating Advisor identifies and delivers to the Certificate Administrator for posting to the Certificate
Administrator’s Website shall be delivered to the Certificate Administrator via e-mail (or such other electronic means as is mutually
acceptable to the parties) in one or more separate files labeled “Excluded Information” followed by the applicable loan name
and loan file to cmbsexcludedinformation@wellsfargo.com. For the avoidance of doubt, any information that is not appropriately labeled
and delivered in accordance with this Section 3.32(a) shall not be separately posted as Excluded Information on the Certificate
Administrator’s Website, and any

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information appropriately labeled and delivered
to the Certificate Administrator pursuant to this Section 3.32(a) shall be posted on the Certificate Administrator’s
Website under the “Excluded Information” section, as provided under Section 3.13. When so posted, the Excluded
Controlling Class Holders shall be prohibited from the access of Excluded Information with respect to any Excluded Controlling Class Loans
on the Certificate Administrator’s Website (unless a loan-by-loan segregation is later performed by the Certificate Administrator
in which case such access shall only be prohibited with respect to the related Excluded Controlling Class Loans). None of the Master Servicer,
the Special Servicer or the Operating Advisor shall have any obligations to separately label and deliver any Excluded Information in accordance
with this Section 3.32(a) until such party has received written notice with respect to the related Excluded Controlling Class
Loan in the form of Exhibit P-1E to this Agreement. Nothing set forth in this Agreement shall prohibit the Directing Certificateholder
or any Controlling Class Certificateholder from receiving, requesting or reviewing any Excluded Information relating to any Excluded Controlling
Class Loan with respect to which the Directing Certificateholder or such Controlling Class Certificateholder is not a Borrower Party and,
if such Excluded Information is not available to such Excluded Controlling Class Holder on the Certificate Administrator’s Website
on account of it constituting Excluded Information, such Directing Certificateholder or Controlling Class Certificateholder that is not
a Borrower Party with respect to the related Excluded Controlling Class Loan shall be permitted to reasonably request and obtain such
information in accordance with Section 3.13(a).

(b)                                Nothing set forth in this Agreement shall prohibit the Directing Certificateholder or any Controlling Class Certificateholder from
receiving, requesting or reviewing any Excluded Information relating to any Excluded Controlling Class Loan with respect to which the
Directing Certificateholder or such Controlling Class Certificateholder is not a Borrower Party and, if such Excluded Information is not
available to such Excluded Controlling Class Holder via the Certificate Administrator’s Website, such Directing Certificateholder
or Controlling Class Certificateholder that is not a Borrower Party with respect to the related Excluded Controlling Class Loan shall
be permitted to reasonably request and obtain such information in accordance with Section 3.13(a) and Section 4.02(f)
of this Agreement.

Section 3.33                   Certain Matters with Respect to Joint Mortgage Loans.

(a)                                If a Mortgage Loan Seller with respect to a Joint Mortgage Loan (a “Repurchasing Mortgage Loan Seller”) repurchases,
or substitutes for, the Mortgage Note(s) (as such term is defined in this Section 3.33(a)) (a “Repurchased Note”)
related to such Joint Mortgage Loan that it sold to the Depositor, but the other Mortgage Loan Seller with respect to such Joint Mortgage
Loan does not repurchase, or substitute for, the Mortgage Note(s) related to such Joint Mortgage Loan that it sold to the Depositor, the
provisions of this Section 3.33 shall apply prior to the adoption, pursuant to Section 13.01(l), of any amendment to
this Agreement that provides otherwise, and except as provided herein, such Mortgage Loan shall continue to be serviced under this Agreement.
Each Mortgage Loan Seller of a Joint Mortgage Loan has agreed pursuant to the terms of the related Mortgage Loan Purchase Agreement that
the terms set forth in this Section 3.33 with respect to the servicing and administration of such Joint Mortgage Loan shall
apply if one or more of the Mortgage Notes related to such Joint Mortgage Loan has been repurchased or, by way of substitution, otherwise
removed from the Trust and at least one other Mortgage Note related to such Joint Mortgage Loan is included in the Trust until such time
as all

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of the Mortgage Notes related to such Joint
Mortgage Loan are no longer included in the Trust. For purposes of this Section 3.33, Section 13.01(l) and Section 13.08(a)
only, “Mortgage Note” shall mean with respect to any Joint Mortgage Loan, each original promissory note that collectively
represents the Mortgage Note (as defined in Article I) with respect to such Joint Mortgage Loan and shall not be a collective reference
to such promissory notes.

(b)                               Custody of and record title under the Mortgage Loan documents with respect to the applicable Joint Mortgage Loan shall be held
exclusively by the Custodian as provided under this Agreement, except that the Repurchasing Mortgage Loan Seller shall hold and retain
title to its original Repurchased Note(s) and any related endorsements thereof.

(i)               
All of the Mortgage Notes with respect to any Joint Mortgage Loan shall be of equal priority, and no portion of any Mortgage Note
shall have priority or preference over any other portion of the other Mortgage Notes or security therefor. Payments from the related Mortgagor
(including, without limitation, any Penalty Charges) or any other amounts received with respect to each Mortgage Note shall be collected
as provided in this Agreement by the Master Servicer and shall be applied upon receipt by the Master Servicer pro rata to each
related Mortgage Note based on its respective Mortgage Loan Seller Percentage Interest, subject to Section 3.33(b)(ii). Payments
or any other amounts received with respect to the related Repurchased Note shall be held in trust for the benefit of the applicable Repurchasing
Mortgage Loan Seller and remitted (net of its pro rata share of amounts payable at the Administrative Cost Rate and any other amounts
due to the Master Servicer or Special Servicer) to the applicable Repurchasing Mortgage Loan Seller or its designee by the Master Servicer
on each Distribution Date pursuant to instructions provided by the applicable Repurchasing Mortgage Loan Seller and deposited and applied
in accordance with this Agreement, subject to Section 3.33(b)(ii). If any Joint Mortgage Loan to which this Section 3.33
applies becomes an REO Loan, payments or any other amounts received with respect to any such Joint Mortgage Loan shall be collected and
shall be applied upon receipt by the Master Servicer pro rata to each related Mortgage Note based on its respective Mortgage Loan
Seller Percentage Interest, subject to Section 3.33(b)(ii). Any Appraisal Reduction Amounts calculated with respect to any
Joint Mortgage Loan subject to this Section 3.33 shall be allocated to each related Mortgage Note, pro rata based upon
the respective unpaid principal balances thereof.

(ii)                                If the Master Servicer or the Special Servicer, as applicable, receives an aggregate payment of less than the aggregate amount
due under any such Joint Mortgage Loan at any particular time, the applicable Repurchasing Mortgage Loan Seller shall receive from the
Master Servicer an amount equal to its Mortgage Loan Seller Percentage Interest of such payment. All expenses, losses and shortfalls relating
solely to such Joint Mortgage Loan including, without limitation, losses of principal or interest, Nonrecoverable Advances, interest on
Servicing Advances, Special Servicing Fees, Workout Fees and Liquidation Fees (including any such fees related to the applicable Mortgage
Notes), shall be allocated between the holders of the related Mortgage Notes pro rata based upon the respective unpaid principal balances
thereof. In no event shall any costs, expenses, fees or any other amounts related to any Mortgage Loan or Joint Mortgage Loan other than
the applicable Joint Mortgage Loan be deducted from payments or any

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other amounts received with respect to
such Joint Mortgage Loan and payable to the applicable Repurchasing Mortgage Loan Seller.

(iii)                             A Joint Mortgage Loan to which this Section 3.33 applies shall be serviced for the benefit of the applicable Repurchasing
Mortgage Loan Seller and the Certificateholders pursuant to the terms and conditions of this Agreement in accordance with the Servicing
Standard and in accordance with the provisions herein as if (A) such Joint Mortgage Loan were a Serviced Whole Loan (and, if such Joint
Mortgage Loan is part of a Serviced Whole Loan, such Joint Mortgage Loan shall continue to be serviced and administered under the applicable
Intercreditor Agreement), (B) the related Mortgage Note(s) not repurchased were (1) a Serviced Pari Passu Mortgage Loan and (2) the only
Mortgage Loan that is part of such Joint Mortgage Loan (or related Serviced Whole Loan), and (C) the related Repurchased Note were a Serviced
Pari Passu Companion Loan. No Repurchasing Mortgage Loan Seller shall be permitted to terminate the Master Servicer, the Special Servicer
or the Operating Advisor as servicer, special servicer or operating advisor, respectively, of the related Repurchased Note. All rights
of the mortgagee under each such Joint Mortgage Loan shall be exercised by the Master Servicer or the Special Servicer, as applicable,
on behalf of the Trust to the extent of its interest therein and the applicable Repurchasing Mortgage Loan Seller in accordance with this
Agreement.

(iv)                            The related Repurchasing Mortgage Loan Seller shall be treated hereunder as if it were a Serviced Pari Passu Companion Loan holder
on a pari passu basis. Funds collected by the Master Servicer or the Special Servicer, as applicable, and applied to the applicable
Mortgage Notes shall be deposited and disbursed in accordance with the provisions hereof relating to holders of promissory notes comprising
Serviced Whole Loans that are pari passu in right of payment. Compensation shall be paid to the Master Servicer, the Special Servicer
and the Operating Advisor with respect to each Repurchased Note as provided in this Agreement as if each such Repurchased Note were a
Serviced Pari Passu Companion Loan. None of the Trustee, the Certificate Administrator, the Custodian, the Master Servicer, the Special
Servicer or the Operating Advisor shall have any obligation to make P&I Advances with respect to any Repurchased Note or, if no related
Mortgage Note is part of the Trust, a Servicing Advance with respect to any Repurchased Note. Except as otherwise specified herein, the
Master Servicer and the Special Servicer shall have no reporting requirement with respect to any Repurchased Note other than to deliver
to the related Repurchasing Mortgage Loan Seller any document as is required to be delivered to a holder of a Serviced Pari Passu Companion
Loan hereunder.

(v)                               Notwithstanding any of the foregoing to the contrary, with respect to each Joint Mortgage Loan, the terms of the related Intercreditor
Agreement shall continue to apply to all of the Mortgage Notes comprising such Mortgage Loans, including any Repurchased Note.

(c)                                If any non-repurchased Mortgage Note relating to a Joint Mortgage Loan to which this Section 3.33 applies is a Specially
Serviced Loan, then any related Repurchased Note shall also be a Specially Serviced Loan under this Agreement. The Special Servicer shall
cause such related Repurchased Note to be specially serviced for the benefit of the applicable Repurchasing Mortgage Loan Seller in accordance
with the terms and provisions set forth in this

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Agreement and shall be entitled to any Special
Servicing Fee, Workout Fee or Liquidation Fee payable to the Special Servicer under this Agreement as with respect to a Serviced Pari
Passu Companion Loan.

(d)                               If (A) the Master Servicer shall pay any amount to any Repurchasing Mortgage Loan Seller pursuant to the terms hereof in the belief
or expectation that a related payment has been made or will be received or collected in connection with any or all of the applicable Mortgage
Notes and (B) such related payment is not received or collected by the Master Servicer, then the applicable Repurchasing Mortgage Loan
Seller shall promptly on demand by the Master Servicer return such amount to the Master Servicer. If the Master Servicer determines at
any time that any amount received or collected by the Master Servicer in respect of any Joint Mortgage Loan to which this Section 3.33
applies must be returned to the related Mortgagor or paid to any other person or entity pursuant to any insolvency law or otherwise, notwithstanding
any other provision of this Agreement, the Master Servicer shall not be required to distribute any portion thereof to the related Repurchasing
Mortgage Loan Seller, and such Repurchasing Mortgage Loan Seller shall promptly on demand by the Master Servicer repay (which obligation
shall survive the termination of this Agreement) any portion thereof that the Master Servicer shall have distributed to such Repurchasing
Mortgage Loan Seller, together with interest thereon at such rate, if any, as the Master Servicer may pay to the related Mortgagor or
such other person or entity with respect thereto.

(e)                                Subject to this Agreement (including, without limitation, the consent and consultation rights of the Directing Certificateholder
and any consultation rights of the Operating Advisor), the Master Servicer or the Special Servicer, as applicable, on behalf of the holders
of any of the Repurchased Notes, shall have the exclusive right and obligation to (i) administer, service and make all decisions and determinations
regarding the related Joint Mortgage Loan and (ii) enforce the applicable Mortgage Loan documents as provided hereunder. Without limiting
the generality of the preceding sentence, the Master Servicer or the Special Servicer, as applicable, may agree to any modification, waiver
or amendment of any term of, forgive interest on and principal of, capitalize interest on, permit the release, addition or substitution
of collateral securing, and/or permit the release of the related Mortgagor on or any guarantor of any Joint Mortgage Loan it is required
to service and administer as contemplated by this Section 3.33, without the consent of the related Repurchasing Mortgage Loan
Seller, subject, however, to the terms of this Agreement as they pertain to a Serviced Pari Passu Companion Loan.

(f)                                  In taking or refraining from taking any action permitted hereunder, the Master Servicer and the Special Servicer shall each be
subject to the same degree of care with respect to the administration and servicing of the Joint Mortgage Loans to which this Section 3.33
applies as is consistent with this Agreement and shall be liable to any Repurchasing Mortgage Loan Seller only to the same extent as set
forth herein with respect to any holder of a Serviced Pari Passu Companion Loan.

(g)                               If the Trustee, the Master Servicer or the Special Servicer has made a Servicing Advance with respect to any Repurchased Note which
would otherwise be reimbursable to such advancing party under this Agreement, and such Advance is determined to be a Nonrecoverable Advance,
the applicable Repurchasing Mortgage Loan Seller shall reimburse the Trust in an amount equal to such Repurchasing Mortgage Loan Seller’s
Mortgage Loan Seller

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Percentage Interest of such Nonrecoverable
Advance with interest thereon. Notwithstanding the foregoing, the applicable Repurchasing Mortgage Loan Seller shall not be obligated
to reimburse the Trustee, the Master Servicer or the Special Servicer (and amounts due to the applicable Repurchasing Mortgage Loan Seller
shall not be offset) for Advances or interest thereon or any amounts related to any Mortgage Loans or any other Joint Mortgage Loan other
than such amounts relating to the applicable Repurchased Note. To the extent that the applicable Repurchasing Mortgage Loan Seller reimburses
any such Nonrecoverable Advances and such amounts are subsequently recovered, the applicable Repurchasing Mortgage Loan Seller shall receive
a reimbursement from such recovery based on its Mortgage Loan Seller Percentage Interest of such recovery. This reimbursement right shall
not limit the Trustee’s, the Master Servicer’s or the Special Servicer’s rights to reimbursement under this Agreement.
Notwithstanding anything to the contrary contained herein, the total liability of each Repurchasing Mortgage Loan Seller shall not exceed
an amount equal to its Mortgage Loan Seller Percentage Interest of the amount to be reimbursed.

(h)                               Each Repurchasing Mortgage Loan Seller shall have the right to assign the related Repurchased Note; provided that the assignee
of the related Repurchased Note shall agree in writing to be bound by the terms of this Agreement.

(i)                                   The Master Servicer and the Special Servicer shall, in connection with their servicing and administrative duties under this Agreement,
exercise efforts consistent with the Servicing Standard to execute and deliver, on behalf of each Repurchasing Mortgage Loan Seller as
a holder of a pari passu interest in the applicable Joint Mortgage Loan, any and all financing statements, continuation statements
and other documents and instruments necessary to maintain the lien created by any Mortgage or other security document related to the applicable
Joint Mortgage Loan on the related Mortgaged Property and related collateral, any and all modifications, waivers, amendments or consents
to or with respect to the related Joint Mortgage Loan documents, and any and all instruments of satisfaction or cancellation, or of full
release or discharge, and all other comparable instruments with respect to the related Repurchased Note or related Repurchased Notes and
the related Mortgaged Property all in accordance with, and subject to, the terms of this Agreement. Each Repurchasing Mortgage Loan Seller
agrees to furnish, or cause to be furnished, to the Master Servicer and the Special Servicer any powers of attorney or other documents
necessary or appropriate to enable the Master Servicer or the Special Servicer, as the case may be, to carry out its servicing and administrative
duties under this Agreement related to the applicable Joint Mortgage Loan; provided that such Repurchasing Mortgage Loan Seller
shall not be liable, and shall be indemnified by the Master Servicer or the Special Servicer, as applicable, for any negligence with respect
to, or misuse of, any such power of attorney by the Master Servicer or the Special Servicer, as the case may be; and further provided
that the Master Servicer or the Special Servicer, without the written consent of the applicable Repurchasing Mortgage Loan Seller, shall
not initiate any action in the name of such Repurchasing Mortgage Loan Seller without indicating its representative capacity or take any
action with the intent to cause and that actually causes, such Repurchasing Mortgage Loan Seller to be registered to do business in any
state.

(j)                                   Pursuant to the related Mortgage Loan Purchase Agreement, the applicable Repurchasing Mortgage Loan Seller is required to deliver
to the Master Servicer or the Special Servicer, as applicable, the Mortgage Loan documents related to the applicable Repurchased Note,
any requests for release and any court pleadings, requests for trustee’s sale or other documents

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necessary to the foreclosure or trustee’s
sale in respect of the related Mortgaged Property or to any legal action or to enforce any other remedies or rights provided by the Mortgage
Note(s) or the Mortgage(s) or otherwise available at law or equity with respect to the related Repurchased Note.

Article IV

Distributions TO CERTIFICATEHOLDERS AND THE RR INTEREST OWNERS

Section 4.01                   Distributions.

(a)                                Distributions of Available Funds. On each Distribution Date, to the extent of the Available Funds for such Distribution
Date, the Certificate Administrator shall be deemed to transfer the Lower-Tier Distribution Amount from the Lower-Tier REMIC Distribution
Account to the Upper-Tier REMIC Distribution Account in the amounts and priorities set forth in Section 4.01(c) with respect
to each Class of Lower-Tier Regular Interests (other than the Class LRR Uncertificated Interest and the LRI Uncertificated Interest),
and immediately thereafter, shall make distributions thereof from the Upper-Tier REMIC Distribution Account in the following order
of priority, satisfying in full, to the extent required and possible, each priority before making any distribution with respect to any
succeeding priority:

(i)                                      first, to the Holders of the Class A-1 Certificates, the Class A-2 Certificates, the Class A-4 Certificates, the
Class A-5 Certificates, the Class A-SB Certificates, the Class X-A Certificates, the Class X-B Certificates, the Class
X-D Certificates, the Class X-F Certificates, the Class X-G Certificates, the Class X-H Certificates, the Class X-J and the Class X-K
Certificates, pro rata (based upon their respective entitlements to interest for such Distribution Date), in respect of interest,
up to an amount equal to the aggregate Interest Distribution Amount in respect of such Classes of Certificates for such Distribution Date;

(ii)                                second, to the Holders of the Class A-1 Certificates, the Class A-2 Certificates, the Class A-4 Certificates,
the Class A-5 Certificates and the Class A-SB Certificates in reduction of their Certificate Balances: (I) prior to the Cross-Over
Date (1) first, to the Holders of the Class A-SB Certificates, in an amount up to the Non-VRR Principal Distribution
Amount, until the outstanding Certificate Balance of the Class A-SB Certificates is reduced to the Class A-SB Planned Principal
Balance for such Distribution Date; (2) second, to the Holders of the Class A-1 Certificates, in an amount up to the
Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions specified in subclause (1)
above have been made on such Distribution Date), until the outstanding Certificate Balance of the Class A-1 Certificates is reduced
to zero; (3) third, to the Holders of the Class A-2 in an amount up to the Non-VRR Principal Distribution Amount (or
the portion thereof remaining after any distributions specified in subclauses (1) and (2) above have been made on such
Distribution Date), until the outstanding Certificate Balance of such Class of Certificates is reduced to zero; (4) fourth,
to the Holders of the Class A-4 Certificates in an amount up to the Non-VRR Principal Distribution Amount (or the portion thereof
remaining after any distributions specified in subclauses (1), (2) and (3) above have been made on such Distribution
Date), until the outstanding Certificate Balance of the Class A-4 Certificates is reduced to zero; (5) fifth,

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to the Holders of the Class A-5
Certificates in an amount up to the Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions specified
in subclauses (1), (2), (3) and (4) above have been made on such Distribution Date), until the outstanding
Certificate Balance of the Class A-5 Certificates is reduced to zero; and (6) sixth, to the Holders of the Class A-SB Certificates,
in an amount up to the Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions specified in subclauses
(1), (2), (3), (4) and (5) above have been made on such Distribution Date), until the outstanding Certificate
Balance of the Class A-SB Certificates is reduced to zero; and (II) on or after the Cross-Over Date, to the Class A-1,
Class A-2, Class A-4, Class A-5 and Class A-SB Certificates, pro rata (based on their respective Certificate Balances)
in an amount equal to the Non-VRR Principal Distribution Amount for such Distribution Date, until the Certificate Balance of each of the
Class A-1, Class A-2, Class A-4, Class A-5 and Class A-SB Certificates is reduced to zero;

(iii)                             third, to the Holders of the Class A-1 Certificates, the Class A-2 Certificates, the Class A-4 Certificates, the
Class A-5 Certificates and the Class A-SB Certificates pro rata (based upon the aggregate unreimbursed Non-VRR Realized Losses
previously allocated to each such Class), first, (i) up to an amount equal to the unreimbursed Non-VRR Realized Losses previously allocated
to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on the amount set forth in clause (i) at the Pass-Through
Rate for such Class compounded monthly from the date the related Non-VRR Realized Loss was allocated to such Class until the date such
Non-VRR Realized Loss is reimbursed;

(iv)                              fourth, to the Holders of the Class A-S Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount in respect of such Class of Certificates for such Distribution Date;

(v)                                 fifth, after the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5 and Class A-SB Certificates
have been reduced to zero, to the Holders of the Class A-S Certificates, in reduction of the Certificate Balance thereof, up to an
amount equal to the Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the
Class A-1, Class A-2, Class A-4, Class A-5 and Class A-SB Certificates on such Distribution Date), until the outstanding Certificate
Balance of the Class A-S Certificates is reduced to zero;

(vi)                            sixth, to the Holders of the Class A-S Certificates, first, (i) up to an amount equal to the aggregate unreimbursed
Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on
the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Non-VRR Realized
Loss was allocated to such Class until the date such Non-VRR Realized Loss is reimbursed;

(vii)                         seventh, to the Holders of the Class B Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount in respect of such Class of Certificates for such Distribution Date;

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(viii)                      eighth,
after the Certificate Balances of the Class A Certificates have been reduced to zero, to the Holders of the Class B Certificates,
in reduction of the Certificate Balance thereof, up to an amount equal to the Non-VRR Principal Distribution Amount (or the portion thereof
remaining after any distributions in respect of the Class A Certificates on such Distribution Date), until the outstanding Certificate
Balance of the Class B Certificates is reduced to zero;

(ix)                              ninth, to the Holders of the Class B Certificates, first, (i) up to an amount equal to the aggregate unreimbursed Non-VRR
Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on the amount
set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Non-VRR Realized Loss was
allocated to such Class until the date such Non-VRR Realized Loss is reimbursed;

(x)                                tenth, to the Holders of the Class C Certificates, in respect of interest, up to an amount equal to the Interest Distribution
Amount in respect of such Class of Certificates for such Distribution Date;

(xi)                              eleventh, after the Certificate Balances of the Class A Certificates and the Class B Certificates have been reduced
to zero, to the Holders of the Class C Certificates, in reduction of the Certificate Balance thereof, up to an amount equal to the
Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A Certificates
and Class B Certificates on such Distribution Date), until the outstanding Certificate Balance of the Class C Certificates is
reduced to zero;

(xii)                           twelfth, to the Holders of the Class C Certificates, first, (i) up to an amount equal to the aggregate unreimbursed
Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on
the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Non-VRR Realized
Loss was allocated to such Class until the date such Non-VRR Realized Loss is reimbursed;

(xiii)                        thirteenth, to the Holders of the Class D Certificates in respect of interest, up to an amount equal to the Interest
Distribution Amount in respect of such Class of Certificates for such Distribution Date;

(xiv)                        fourteenth,
after the Certificate Balances of the Class A Certificates, Class B Certificates and Class C Certificates have been
reduced to zero, to the Holders of the Class D Certificates, in reduction of the Certificate Balance thereof, up to an amount
equal to the Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A
Certificates, Class B Certificates and Class C Certificates on such Distribution Date), until the outstanding Certificate
Balance of the Class D Certificates is reduced to zero;

(xv)                            fifteenth, to the Holders of the Class D Certificates, first, (i) up to an amount equal to the aggregate unreimbursed
Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on
the

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amount set forth in clause (i) at the
Pass-Through Rate for such Class compounded monthly from the date the related Non-VRR Realized Loss was allocated to such Class until
the date such Non-VRR Realized Loss is reimbursed;

(xvi)                       sixteenth, to the Holders of the Class E Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount in respect of such Class of Certificates for such Distribution Date;

(xvii)                     seventeenth, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C Certificates
and Class D Certificates have been reduced to zero, to the Holders of the Class E Certificates, in reduction of the Certificate Balances
thereof, up to an amount equal to the Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions
in respect of the Class A Certificates, Class B Certificates, Class C Certificates and Class D Certificates on such Distribution
Date), until the outstanding Certificate Balance of the Class E Certificates is reduced to zero;

(xviii)                 eighteenth, to the Holders of the Class E Certificates, first, (i) up to an amount equal to the aggregate unreimbursed
Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on
the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Non-VRR Realized
Loss was allocated to such Class until the date such Non-VRR Realized Loss is reimbursed;

(xix)                         nineteenth, to the Holders of the Class F Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount in respect of such Class of Certificates for such Distribution Date;

(xx)                            twentieth, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C Certificates,
Class D Certificates and Class E Certificates have been reduced to zero, to the Holders of the Class F Certificates, in
reduction of the Certificate Balance thereof, up to an amount equal to the Non-VRR Principal Distribution Amount (or the portion thereof
remaining after any distributions in respect of the Class A Certificates, Class B Certificates, Class C Certificates, Class D
Certificates and Class E Certificates on such Distribution Date), until the outstanding Certificate Balance of the Class F Certificates
is reduced to zero;

(xxi)                         twenty-first, to the Holders of the Class F Certificates, first, (i) up to an amount equal to the aggregate unreimbursed
Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on
the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Non-VRR Realized
Loss was allocated to such Class until the date such Non-VRR Realized Loss is reimbursed;

(xxii)                     twenty-second, to the Holders of the Class G Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount in respect of such Class of Certificates for such Distribution Date;

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(xxiii)                   twenty-third,
after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C Certificates, Class D
Certificates, Class E Certificates and Class F Certificates have been reduced to zero, to the Holders of the Class G
Certificates, in reduction of the Certificate Balance thereof, up to an amount equal to the Non-VRR Principal Distribution Amount (or
the portion thereof remaining after any distributions in respect of the Class A Certificates, Class B Certificates, Class C
Certificates, Class D Certificates, Class E Certificates and Class F Certificates on such Distribution Date), until
the outstanding Certificate Balance of the Class G Certificates is reduced to zero;

(xxiv)                  twenty-fourth, to the Holders of the Class G Certificates, first, (i) up to an amount equal to the unreimbursed Non-VRR
Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on the amount
set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Non-VRR Realized Loss was
allocated to such Class until the date such Non-VRR Realized Loss is reimbursed;

(xxv)                     twenty-fifth, to the Holders of the Class H Certificates in respect of interest, up to an amount equal to the Interest Distribution
Amount in respect of such Class of Certificates for such Distribution Date;

(xxvi)                  twenty-sixth, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C
Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class G Certificates have been
reduced to zero, to the Holders of the Class H Certificates, in reduction of the Certificate Balance thereof, up to an amount equal to
the Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A Certificates,
Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates,
and Class G Certificates on such Distribution Date), until the outstanding Certificate Balance of the Class H Certificates is reduced
to zero;

(xxvii)               twenty-seventh, to the Holders of the Class H Certificates, first, (i) up to an amount equal to the aggregate unreimbursed
Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on
the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Non-VRR Realized
Loss was allocated to such Class until the date such Non-VRR Realized Loss is reimbursed;

(xxviii)            twenty-eighth,
to the Holders of the Class J Certificates in respect of interest, up to an amount equal to the Interest Distribution Amount in respect
of such Class of Certificates for such Distribution Date;

(xxix)                    twenty-ninth, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C
Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates and Class H
Certificates have been reduced to zero, to the Holders of the Class J Certificates, in reduction of the Certificate Balance thereof, up
to an amount equal to the Non-VRR Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of
the Class A Certificates,

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Class B Certificates, Class C
Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, and Class H
Certificates on such Distribution Date), until the outstanding Certificate Balance of the Class J Certificates is reduced to zero;

(xxx)                       thirtieth, to the Holders of the Class J Certificates, first, (i) up to an amount equal to the aggregate unreimbursed Non-VRR
Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on the amount
set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Non-VRR Realized Loss was
allocated to such Class until the date such Non-VRR Realized Loss is reimbursed;

(xxxi)                    thirty-first, to the Holders of the Class K Certificates in respect of interest, up to an amount equal to the Interest Distribution
Amount in respect of such Class of Certificates for such Distribution Date;

(xxxii)                thirty-second, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C
Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H
Certificates and Class J Certificates have been reduced to zero, to the Holders of the Class K Certificates, in reduction of the
Certificate Balance thereof, up to an amount equal to the Non-VRR Principal Distribution Amount (or the portion thereof remaining after
any distributions in respect of the Class A Certificates, Class B Certificates, Class C Certificates, Class D Certificates,
Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, and Class J Certificates
on such Distribution Date), until the outstanding Certificate Balance of the Class K Certificates is reduced to zero;

(xxxiii)              thirty-third, to the Holders of the Class K Certificates, first, (i) up to an amount equal to the aggregate unreimbursed
Non-VRR Realized Losses previously allocated to such Class, and then, (ii) up to an amount equal to all accrued and unpaid interest on
the amount set forth in clause (i) at the Pass-Through Rate for such Class compounded monthly from the date the related Non-VRR Realized
Loss was allocated to such Class until the date such Non-VRR Realized Loss is reimbursed; and

(xxxiv)             thirty-fourth, to the Holders of the Class R Certificates in respect of the Class UR Interest, the amount, if any,
of the Available Funds remaining in the Upper-Tier REMIC Distribution Account with respect to such Distribution Date.

If, in connection with any
Distribution Date, the Certificate Administrator has reported the amount of an anticipated distribution to DTC based on the receipt of
payments as of the Determination Date and additional Periodic Payments, Balloon Payments or unscheduled principal payments are subsequently
received by the Master Servicer and required to be part of the Available Funds for such Distribution Date, the Master Servicer shall promptly
notify the Certificate Administrator and the Certificate Administrator will use commercially reasonable efforts to cause DTC to make the
revised distribution on a timely basis on such Distribution Date. None of the Master Servicer, the Special Servicer or the Certificate
Administrator shall be liable

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or held responsible for any resulting delay
in the making of such distribution to Certificateholders solely on the basis of the actions described in the preceding sentence.

(b)                               [Reserved].

(c)                                On each Distribution Date, each Lower-Tier Regular Interest shall be deemed to receive distributions in respect of principal or
reimbursement of Realized Losses in an amount equal to the amount of principal or reimbursement of Realized Losses actually distributable
to the Holders of the respective Related Certificates or the RR Interest Owners as provided in Sections 4.01(a), 4.01(f)
and 4.01(i) such that at all times the Lower-Tier Principal Amount of each Class of Lower-Tier Regular Interests is equal to
the Certificate Balance of the Class of Related Certificates or the VRR Interest Balance of the RR Interest, as applicable. On each Distribution
Date, each Lower-Tier Regular Interest shall be deemed to receive distributions in respect of interest in an amount equal to the Interest
Distribution Amount or VRR Interest Distribution Amount, as applicable, in respect of its Related Certificates or VRR Interest, plus a
pro rata portion of the Interest Distribution Amount in respect of (i) in the case of the Class LA1, Class LA2, Class LA4,
Class LA5, Class LASB and Class LAS Uncertificated Interests, the Class X-A Certificates, (ii) in the case of the
Class LB and Class LC Uncertificated Interests, the Class X-B Certificates, (iii) in the case of the Class LD and Class LE Uncertificated
Interests, the Class X-D Certificates, (iv) in the case of the Class LF Uncertificated Interest, the Class X-F Certificates, (v)
in the case of the Class LG Uncertificated Interest, the Class X-G Certificates, (vi) in the case of the Class LH Uncertificated Interest,
the Class X-H Certificates, (vii) in the case of the Class LJ Uncertificated Interest, the Class X-J Certificates, and (viii) in
the case of the Class LK Uncertificated Interest, the Class X-K Certificates, in each case, computed based on an interest rate equal to
the excess of the Weighted Average Net Mortgage Rate over the Pass-Through Rate of the Related Certificates and a Notional Amount
equal to its related Lower-Tier Principal Amount, in each case to the extent actually distributable thereon as provided in Section 4.01(a).
Amounts distributable pursuant to this paragraph are referred to herein collectively as the “Lower-Tier Distribution Amount”,
and shall be made by the Certificate Administrator by deeming such Lower-Tier Distribution Amount to be withdrawn from the Lower-Tier
REMIC Distribution Account to be deposited in the Upper-Tier REMIC Distribution Account.

As of any date, the principal
balance of each Lower-Tier Regular Interest shall equal the Certificate Balance of the Related Certificates or the VRR Interest Balance
of the RR Interest with respect thereto, as adjusted for the allocation of Realized Losses, as provided in Sections 4.04(b)
and 4.04(c). The initial principal balance of each Lower-Tier Regular Interest shall equal the respective Original Lower-Tier
Principal Amount. The pass-through rate with respect to each Lower-Tier Regular Interest shall be the rate per annum set forth
in the Preliminary Statement hereto.

Any amount that remains in
the Lower-Tier REMIC Distribution Account on each Distribution Date after distribution of the Lower-Tier Distribution Amount and
distribution of Prepayment Premiums and Yield Maintenance Charges pursuant to Section 4.01(e)(iii) shall be distributed to
the Holders of the Class R Certificates in respect of the Class LR Interest (but only to the extent of the Aggregate Available
Funds for such Distribution Date remaining in the Lower-Tier REMIC Distribution Account, if any).

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While the Certificate Balance
of any Class of Certificates is reduced to zero, such Class shall not be entitled to any further distributions in respect of interest
or principal other than reimbursement of Realized Losses with interest and other amounts provided for in this Section 4.01.

(d)                               Distributions of VRR Available Funds on the VRR Interest. On each Distribution Date, the Certificate Administrator shall
withdraw from the Upper-Tier REMIC Distribution Account the amounts on deposit therein, to the extent of the VRR Available Funds for such
Distribution Date, and shall distribute such amounts to the VRR Interest Owners and the Class R Certificates in accordance with this section
(d).

On each Distribution Date,
the Certificate Administrator shall apply the then applicable VRR Available Funds for such Distribution Date to make distributions to
the VRR Interest Owners for the following purposes and in the following order of priority:

(i)                                     first, distributions of interest on the RR Interest and the Class RR Certificates, pro rata based on their respective
VRR Interest Balances, in respect of interest, up to an amount equal to the VRR Interest Distribution Amount for such Distribution Date;

(ii)                                second, distributions in reduction of the RR Interest and the Class RR Certificates, pro rata based on their respective
VRR Interest Balances, in reduction of the VRR Interest Balance thereof, up to an amount equal to the VRR Principal Distribution Amount
for such Distribution Date, until the outstanding VRR Interest Balance has been reduced to zero; and

(iii)                             third, to the RR Interest and the Class RR Certificates, pro rata based on their respective VRR Interest Balances,
for reimbursements (with interest) of prior write-offs of the VRR Interest Balance of the VRR Interest, up to an amount equal to the unreimbursed
VRR Realized Losses previously allocated to the VRR Interest, plus interest in an amount equal to the VRR Realized Loss Interest Distribution
Amount for such Distribution Date;

provided that, with respect to any Distribution
Date, to the extent that VRR Available Funds for such Distribution Date exceeds the distributions to the VRR Interest Owners on such Distribution
Date pursuant to the immediately preceding clauses (i) through (iii), the Certificate Administrator shall distribute such excess to the
Holders of the Class R Certificates.

(e)                                (i) On each Distribution Date, the Non-VRR Percentage of the Prepayment Premiums and Yield Maintenance Charges, if any, collected
in respect of the Mortgage Loans during the related Collection Period in an amount equal to the product of (x) the Non-VRR Percentage
and (y) the aggregate of the Prepayment Premiums and Yield Maintenance Charges collected in respect of the Mortgage Loans for the related
Collection Period shall be distributed by the Certificate Administrator to the Holders of each Class of Regular Certificates in the following
manner: (1) pro rata, among (u) the YM Group A, (v) the YM Group B, (w) the YM Group D, (x) the YM Group F, (y)
the YM Group H and (z) the YM Group J, and based upon the aggregate of principal distributed to the Classes of Principal Balance Certificates
in each YM Group on such

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Distribution Date, and (2) among the Classes
of Certificates in each YM Group, in the following manner: with respect to each YM Group, (A) the Holders of each Class of Principal
Balance Certificates in such YM Group shall be entitled to receive on each Distribution Date an amount of the Non-VRR Percentage of Prepayment
Premiums or Yield Maintenance Charges equal to the sum, for all mortgage loan prepayments, of the product of (a) a fraction whose
numerator is the amount of principal distributed to such Class on such Distribution Date and whose denominator is the total amount of
principal distributed to all of the Principal Balance Certificates in that YM Group representing principal payments in respect of the
Mortgage Loans on such Distribution Date, (b) the Base Interest Fraction for the related principal prepayment and such Class of Principal
Balance Certificates, and (c) the Non-VRR Percentage of Prepayment Premiums or Yield Maintenance Charges collected during the related
Collection Period and allocated to such YM Group and (B) any Prepayment Premiums or Yield Maintenance Charges allocated to such YM
Group collected during the related Collection Period remaining after such distributions will be distributed to the Class of Class X
Certificates in such YM Group. If there is more than one such Class of Certificates entitled to distributions of principal on any particular
Distribution Date on which Prepayment Premiums or Yield Maintenance Charges relating to the Mortgage Loans are distributable, the aggregate
amount of such Non-VRR Percentage of Prepayment Premiums or Yield Maintenance Charges will be allocated among all such Classes of Certificates
up to, and on a pro rata basis in accordance with, their respective entitlements thereto in accordance with the first sentence
of this paragraph. On each Distribution Date, the VRR Interest will be entitled to Prepayment Premiums and Yield Maintenance Charges in
an amount equal to the product of (x) the VRR Percentage and (y) all Prepayment Premiums and Yield Maintenance Charges, if any, collected
in respect of the Mortgage Loans during the related Collection Period.

For purposes of the first
paragraph of this Section 4.01(e), the relevant “Base Interest Fraction” with respect to any Principal
Prepayment on any Mortgage Loan that provides for the payment of a Yield Maintenance Charge or Prepayment Premium, and with respect to
any Class of Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class
F, Class G, Class H, Class J and Class K Certificates, shall be a fraction (A) whose numerator is the greater of (x) zero and
(y) the difference between (i) the Pass-Through Rate on such Class of Certificates, and (ii) the applicable Discount
Rate used in accordance with the related Mortgage Loan documents in calculating the Yield Maintenance Charge with respect to such Principal
Prepayment and (B) whose denominator is the greater of zero and the difference between (i) the Mortgage Rate on such Mortgage
Loan (or with respect to any Mortgage Loan that is part of a Serviced Whole Loan, the Mortgage Rate of such Serviced Whole Loan), and
(ii) the applicable Discount Rate used in accordance with the related Mortgage Loan documents in calculating the Yield Maintenance
Charge with respect to such Principal Prepayment. However, (1) under no circumstances shall the Base Interest Fraction be greater
than one or less than zero, (2) if the applicable Discount Rate is greater than or equal to the Mortgage Rate on such Mortgage Loan
or Serviced Whole Loan, as applicable, and is greater than or equal to the Pass-Through Rate on such Class of Certificates, then the
Base Interest Fraction will equal zero and (3) if the applicable Discount Rate is greater than or equal to the Mortgage Rate on such
Mortgage Loan or Serviced Whole Loan, as applicable, and is less than the Pass-Through Rate on such Class of Certificates, then the
Base Interest Fraction will be one (1).

For purposes of the preceding
paragraph, the relevant “Discount Rate” in connection with any Prepayment Premium or Yield Maintenance Charge collected
on any prepaid

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Mortgage Loan or REO Loan and distributable
on any Distribution Date shall be a rate per annum equal to (i) if a discount rate was used in the calculation of the applicable
Prepayment Premium or Yield Maintenance Charge pursuant to the terms of the relevant Mortgage Loan or REO Loan, as the case may be, such
discount rate (as reported by the applicable Master Servicer), converted (if necessary) to a monthly equivalent yield, or (ii) if
a discount rate was not used in the calculation of the applicable Prepayment Premium or Yield Maintenance Charge pursuant to the terms
of the relevant Mortgage Loan or REO Loan, as the case may be, the yield calculated by the linear interpolation of the yields (as reported
under the heading “U.S. Government Securities/Treasury Constant Maturities” in Federal Reserve Statistical Release H.15 (519)
published by the Federal Reserve Board for the week most recently ended before the date of the relevant prepayment (or deemed prepayment)
of U.S. Treasury constant maturities with a maturity date, one longer and one shorter, most nearly approximating the related Stated Maturity
Date, such interpolated yield converted to a monthly equivalent yield. If Federal Reserve Statistical Release H.15 (519) is no longer
published, the Certificate Administrator shall select a comparable publication as the source of the applicable yields of U.S. Treasury
constant maturities.

(ii)                                No Yield Maintenance Charges or Prepayment Premium shall be distributed to the Holders of the Class R Certificates.

(iii)                             All distributions of Yield Maintenance Charges and Prepayment Premiums made in respect of the respective Classes of Regular Certificates
or the VRR Interest on each Distribution Date pursuant to this Section 4.01(e) shall first be deemed to be distributed
from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of the Lower-Tier Regular Interests, pro rata, based upon
the amount of principal distributed in respect of each such Class of Lower-Tier Regular Interests for such Distribution Date pursuant
to Section 4.01(c) above.

(f)                                  On each Distribution Date, the Certificate Administrator shall (i) withdraw the Non-VRR Gain-on-Sale Remittance Amount for such
Distribution Date from the Non-VRR Gain-on-Sale Reserve Account and deposit in the Distribution Account (other than amounts with
respect to a Non-Serviced Mortgage Loan) to reimburse the Holders of the Non-VRR Certificates (in order of distribution priority) (first
deeming such amounts to be distributed with respect to the Related Lower-Tier Regular Interests) and (ii) withdraw the VRR Gain-on-Sale
Remittance Amount for such Distribution Date from the VRR Interest Gain-on-Sale Reserve Account (other than amounts with respect
to a Non-Serviced Mortgage Loan) to reimburse the VRR Interest Owners (first deeming such amounts to be distributed with respect to the
Related Lower-Tier Regular Interests). Amounts paid from the Non-VRR Gain-on-Sale Reserve Account or the VRR Interest Gain-on-Sale
Reserve Account, as applicable, shall not reduce the Certificate Balances of the Classes of Certificates receiving such distributions
or the RR Interest Balance, as applicable. Any amounts remaining in the Non-VRR Gain-on-Sale Reserve Account or the VRR Interest
Gain-on-Sale Reserve Account, as applicable, after such distributions shall be applied to offset future Non-VRR Realized Losses
with respect to the Non-VRR Certificates or future VRR Realized Losses with respect to the VRR Interest, as applicable, in each case allocable
to the Non-VRR Certificates and the VRR Interest, respectively. Upon termination of the Trust, any amounts remaining in the Non-VRR Gain-on-Sale
Reserve Account or the VRR Interest Gain-on-Sale Reserve Account, as applicable, shall be distributed on the final Distribution
Date to the Holders of the Class R Certificates from the Lower-Tier REMIC in respect of the Class LR Interest.

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(g)                               All distributions made with respect to each Class of Certificates on each Distribution Date shall be allocated pro rata
among the outstanding Certificates in such Class based on their respective Percentage Interests. Except as otherwise specifically provided
in Sections 4.01(h), 4.01(i) and 9.01, all such distributions with respect to each Class on each Distribution
Date shall be made to the Certificateholders of the respective Class of record at the close of business on the related Record Date and
shall be made by wire transfer of immediately available funds to the account of any such Certificateholder at a bank or other entity
having appropriate facilities therefor, if such Certificateholder shall have provided the Certificate Administrator with wiring instructions
no less than five (5) Business Days prior to the related Record Date (which wiring instructions may be in the form of a standing order
applicable to all subsequent Distribution Dates), or otherwise by check mailed to such Certificateholder at its address in the Certificate
Register. The final distribution on each Certificate or the RR Interest (determined without regard to any possible future reimbursement
of Realized Losses previously allocated to such Certificate or the RR Interest, as applicable) shall be made in like manner, but, in
the case of the Certificates, only upon presentation and surrender of such Certificate at the offices of the Certificate Registrar or
such other location specified in the notice to Certificateholders of such final distribution.

Each distribution with respect
to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting
the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository
Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating
brokerage firm (a “brokerage firm” or “indirect participating firm”) for which it acts as agent. Each brokerage
firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Certificate Administrator,
the Certificate Registrar, the Depositor, the Master Servicer, the Special Servicer or the Underwriters shall have any responsibility
therefor except as otherwise provided by this Agreement or applicable law.

(h)                               Except as otherwise provided in Section 9.01, whenever the Certificate Administrator expects that the final distribution
with respect to any Class of Certificates or the RR Interest (determined without regard to any possible future reimbursement of any amount
of Realized Losses previously allocated to such Class of Certificates or the RR Interest, as applicable) will be made on the next Distribution
Date, the Certificate Administrator shall, no later than the related P&I Advance Determination Date, post on the Certificate Administrator’s
Website pursuant to Section 3.13(b) a notice in electronic format to the effect that:

(i)                                   the Certificate Administrator expects that the final distribution with respect to such Class of Certificates or the RR Interest
will be made on such Distribution Date but, in the case of the Certificates, only upon presentation and surrender of such Certificates
at the offices of the Certificate Registrar or such other location therein specified; and

(ii)                                no interest shall accrue on such Certificates or the RR Interest from and after such Distribution Date.

Any funds not distributed to any Holder or
Holders of Certificates of such Class on such Distribution Date because of the failure of such Holder or Holders to tender their Certificates
shall,

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on such date, be set aside and held uninvested
in trust and credited to the account or accounts of the appropriate non-tendering Holder or Holders. If any Certificates as to which
notice has been given pursuant to this Section 4.01(h) shall not have been surrendered for cancellation within six (6) months
after the time specified in such notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders
to surrender their Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after
the second notice all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through
an agent, shall take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates
as it shall deem appropriate and subject to escheatment and other applicable laws. The costs and expenses of holding such funds in trust
and of contacting such Certificateholders following the first anniversary of the delivery of such second notice to the non-tendering
Certificateholders shall be paid out of such funds. No interest shall accrue or be payable to any Certificateholder on any amount held
in trust hereunder by the Certificate Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s)
for final payment thereof in accordance with this Section 4.01(h).

(i)                                   Distributions in reimbursement of Non-VRR Realized Losses or VRR Realized Losses previously allocated to the Non-VRR Certificates
or the VRR Interest shall be made in the amounts and manner specified in Section 4.01(a) or Section 4.01(d), as applicable,
to the Holders of the respective Class or the VRR Interest Owner otherwise entitled to distributions of interest and principal on such
Class or the VRR Interest on the relevant Distribution Date; provided that all distributions in reimbursement of Realized Losses
previously allocated to a Class of Certificates which has since been retired shall be to the prior Holders that surrendered the Certificates
of such Class upon retirement thereof and shall be made by check mailed to the address of each such prior Holder last shown in the Certificate
Register. Notice of any such distribution to a prior Holder shall be made in accordance with Section 13.05 at such last address.
The amount of the distribution to each such prior Holder shall be based upon the aggregate Percentage Interest evidenced by the Certificates
surrendered thereby. If the check mailed to any such prior Holder is returned uncashed, then the amount thereof shall be set aside and
held uninvested in trust for the benefit of such prior Holder, and the Certificate Administrator shall attempt to contact such prior Holder
in the manner contemplated by Section 4.01(h) as if such Holder had failed to surrender its Certificates.

(j)                                   [Reserved].

(k)                                On the Serviced Whole Loan Remittance Date, with respect to any Serviced Companion Loan, the Companion Paying Agent shall make
withdrawals and payments from the Companion Distribution Account for each Companion Loan in the following order of priority:

(i)                                   to pay to the Master Servicer any amounts deposited by the Master Servicer in the Companion Distribution Account not required to
be deposited therein;

(ii)                                to the extent permitted under the related Intercreditor Agreement and not otherwise previously reimbursed, to pay the Trustee or
the Certificate Administrator or any of their directors, officers, employees and agents, as the case may be, any amounts payable or reimbursable
to any such Person pursuant to Section 8.05, to the extent any such

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amounts relate solely to a Serviced Whole
Loan related to such Companion Loan, and such amounts are to be paid by the related Companion Holder pursuant to the related Intercreditor
Agreement;

(iii)                             to pay all amounts remaining in the Companion Distribution Account related to such Serviced Companion Loan to the related Companion
Holder, in accordance with the related Intercreditor Agreement; and

(iv)                            to clear and terminate the Companion Distribution Account at the termination of this Agreement pursuant to Section 9.01.

All distributions from the
Companion Distribution Account required hereunder shall be made by the Companion Paying Agent to the related Companion Holder by wire
transfer in immediately available funds on the Serviced Whole Loan Remittance Date to the account of such Companion Holder or an agent
therefor appearing on the Companion Register on the related Record Date (or, if no such account so appears or information relating thereto
is not provided at least five Business Days prior to the related Record Date, by check sent by first class mail to the address of such
Companion Holder or its agent appearing on the Companion Register). Any such account shall be located at a commercial bank in the United
States.

On the final Master Servicer
Remittance Date, the Master Servicer shall withdraw from the Collection Account and deliver to the Certificate Administrator who shall
distribute to the Mortgage Loan Sellers, any Loss of Value Payments relating to the Mortgage Loans that it is servicing and that were
transferred from the Loss of Value Reserve Fund to the Collection Account on the immediately preceding Master Servicer Remittance Date
in accordance with Section 3.05(g)(v).

Section 4.02                   Distribution Date Statements; CREFC® Investor Reporting Packages; Grant of Power of Attorney. (a) On
each Distribution Date, the Certificate Administrator shall make available pursuant to Section 3.13(b) on the Certificate
Administrator’s Website to any Privileged Person a statement (substantially in the form set forth as Exhibit G hereto
and based in part upon information supplied to the Certificate Administrator in the related CREFC® Investor Reporting Package
in accordance with CREFC® guidelines) as to the distributions made on such Distribution Date (each, a “Distribution
Date Statement”) which shall include:

(i)                                   the amount of the distribution on such Distribution Date to the Holders of each Class of Certificates in reduction of the Certificate
Balance thereof and to the RR Interest in reduction of the RR Interest Balance;

(ii)                                the aggregate amount of Advances made, with respect to the pool of Mortgage Loans, during the period from but not including the
previous Distribution Date to and including such Distribution Date and details of P&I Advances as of the Master Servicer Remittance
Date;

(iii)                             the aggregate amount of compensation paid to the Trustee and the Certificate Administrator, servicing compensation paid to the
Master Servicer and the Special Servicer, compensation paid to the Operating Advisor and CREFC® Intellectual

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Property Royalty License Fees paid to
CREFC®, in each case, with respect to the Collection Period for such Determination Date together with detailed calculations
of servicing compensation paid to the Master Servicer and the Special Servicer;

(iv)                            the aggregate Stated Principal Balance of the Mortgage Loans and any REO Loans, with respect to the pool of Mortgage Loans, outstanding
immediately before and immediately after such Distribution Date;

(v)                               the aggregate amount of unscheduled payments received;

(vi)                            the number of loans, their aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage
Rate of the Mortgage Loans, with respect to the pool of Mortgage Loans, as of the end of the related Collection Period for such Distribution
Date;

(vii)                         the number and aggregate principal balance of the Mortgage Loans (A) delinquent 30 days to 59 days, (B) delinquent 60
days to 89 days, (C) delinquent 90 days to 120 days, (D) current but specially serviced or in foreclosure but not an REO Property
and (E) for which the related Mortgagor is subject to oversight by a bankruptcy court;

(viii)                      the value of any REO Property (and, with respect to any Serviced Whole Loan, the Trust’s interest therein) included in the
Trust Fund as of the end of the related Determination Date for such Distribution Date, on a loan-by-loan basis, based on the most
recent Appraisal or valuation;

(ix)                              the Available Funds and the VRR Available Funds for such Distribution Date;

(x)                                 the Interest Accrual Amount in respect of such Class of Certificates for such Distribution Date, separately identifying any Interest
Accrual Amount for such Distribution Date allocated to such Class of Certificates;

(xi)                              the amount of the distribution on such Distribution Date to the Holders of such Class of Certificates and the RR Interest allocable
to Prepayment Premiums and Yield Maintenance Charges;

(xii)                           the
Pass-Through Rate for such Class of Certificates and the VRR Interest Rate for the VRR Interest for such Distribution Date;

(xiii)                        the Scheduled Principal Distribution Date;

(xiv)                       the Aggregate Principal Distribution Amount, the Non-VRR Principal Distribution Amount, the VRR Principal Distribution Amount,
the Scheduled Principal Distribution Amount and the Unscheduled Principal Distribution Amount for such Distribution Date, with respect
to the pool of Mortgage Loans;

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(xv)                          the Certificate Balance or Notional Amount, as the case may be, of each Class of Certificates and the VRR Interest Balance of
the RR Interest immediately before and immediately after such Distribution Date, separately identifying any reduction therein as a result
of the allocation of any Realized Loss on such Distribution Date and the aggregate amount of all reductions as a result of allocations
of Non-VRR Realized Losses or VRR Realized Losses in respect of the Principal Balance Certificates or the VRR Interest, as applicable,
to date;

(xvi)                       the Certificate Factor for each Class of Certificates (other than the Class R Certificates) immediately following such Distribution
Date;

(xvii)                    the amount of any Appraisal Reduction Amounts effected (including, with respect to any Serviced Whole Loan, the amount allocable
to the related Mortgage Loan and Serviced Companion Loan) in connection with such Distribution Date on a loan-by-loan basis and
the total Appraisal Reduction Amount effected in connection with such Distribution Date;

(xviii)                 the current Controlling Class;

(xix)                         the number and related Stated Principal Balance of any Mortgage Loans extended or modified since the previous Determination Date
(or in the case of the first Distribution Date, as of the Cut-off Date) on a loan-by-loan basis;

(xx)                            a loan-by-loan listing of each Mortgage Loan which was the subject of a Principal Prepayment since the previous Determination
Date (or in the case of the first Distribution Date, as of the Cut-off Date) and the amount and the type of Principal Prepayment occurring;

(xxi)                         a loan-by-loan listing of each Mortgage Loan which was defeased since the previous Determination Date (or in the case of
the first Distribution Date, as of the Cut-off Date);

(xxii)                      all deposits into, withdrawals from, and the balance of the Interest Reserve Account on the Master Servicer Remittance Date;

(xxiii)                   in the case of the Class R Certificates, the amount of any distributions on such Certificates pursuant to Sections 4.01(a),
4.01(b), 4.01(c) and 4.01(f);

(xxiv)                  the amount of the distribution on such Distribution Date to the Holders of such Class of Certificates or the RR Interest Owners
in reimbursement of any previously allocated Non-VRR Realized Loss or VRR Realized Loss, as applicable;

(xxv)                     the aggregate unpaid principal balance of the Mortgage Loans outstanding as of the close of business on the related Determination
Date, with respect to the pool of Mortgage Loans;

(xxvi)                  with respect to any Mortgage Loan as to which a Liquidation Event occurred since the previous Determination Date (or in the case
of the first Distribution

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Date, as of the Cut-off Date) or
prior to the related Determination Date (other than a payment in full), (A) the loan number thereof, (B) the aggregate of all
Liquidation Proceeds and other amounts received in connection with such Liquidation Event (separately identifying the portion thereof
allocable to distributions on the Certificates), and (C) the amount of any Realized Loss allocated to the Principal Balance Certificates
or VRR Interest in connection with such Liquidation Event;

(xxvii)               with respect to any REO Property (including, with respect to any Non-Serviced Whole Loan, the Trust’s interest therein)
included in the Trust as to which the Special Servicer determined, in accordance with the Servicing Standard, that all payments or recoveries
with respect to the Mortgaged Property have been ultimately recovered since the previous Determination Date, (A) the loan number
of the related Mortgage Loan, (B) the aggregate of all Liquidation Proceeds and other amounts received in connection with that determination
(separately identifying the portion thereof allocable to distributions on the Certificates), and (C) the amount of any Non-VRR Realized
Loss allocated to the Principal Balance Certificates or VRR Realized Loss allocated to the VRR Interest in respect of the related REO
Loan in connection with that determination;

(xxviii)            the aggregate amount of interest on P&I Advances paid to the Master Servicer and the Trustee since the previous Determination
Date (or in the case of the first Distribution Date, as of the Cut-off Date), with respect to the pool of Mortgage Loans;

(xxix)                    [Reserved];

(xxx)                       the then-current credit support levels for each Class of Certificates;

(xxxi)                    the aggregate amount of Prepayment Premiums and Yield Maintenance Charges on the Mortgage Loans (each separately identified) collected
since the previous Determination Date (or in the case of the first Distribution Date, as of the Cut-off Date);

(xxxii)                 a loan-by-loan listing of any material modification, extension or waiver of a Mortgage Loan;

(xxxiii)              a loan-by-loan listing of any material breach of the representations and warranties given with respect to a Mortgage Loan
by the applicable Mortgage Loan Seller;

(xxxiv)             an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates with respect
to the related Distribution Date, which information will be provided to the Certificate Administrator by the Master Servicer;

(xxxv)                [Reserved]; and

(xxxvi)             a statement of the identity of the Directing Certificateholder and to the extent that the Directing Certificateholder and any affiliates
thereof primarily operate under an identity other than that of the Directing Certificateholder and the affiliation of such identity with
the Directing Certificateholder is not reasonably evident from the Directing Certificateholder’s name, the identity pursuant to
which the Directing Certificateholder and any affiliates thereof primarily operate.

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In the case of information
furnished pursuant to clauses (i), (ix), (x), (xi), (xiv), (xxiii) and (xxxiv) above, the amounts shall be expressed as a
dollar amount in the aggregate for all Certificates of each applicable Class and per Definitive Certificate.

The Certificate Administrator
has not obtained and shall not be deemed to have obtained actual knowledge of any information only by virtue of its receipt and posting
of such information to the Certificate Administrator’s Website or its filing of such information pursuant to this Agreement, including,
but not limited to, filing via EDGAR.

Within a reasonable period
of time after the end of each calendar year, the Certificate Administrator shall furnish to each Person who at any time during the calendar
year was a Holder of a Certificate or an RR Interest Owner, a statement containing the information set forth in clauses (i)
and (x) above as to the applicable Class, aggregated for such calendar year or applicable portion thereof during which person was
a Certificateholder, together with such other information as the Certificate Administrator deems necessary or desirable, or that a Certificateholder,
Certificate Owner or an RR Interest Owner reasonably requests, to enable Certificateholders and the RR Interest Owners to prepare their
tax returns for such calendar year. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent
that substantially comparable information shall be provided by the Certificate Administrator pursuant to any requirements of the Code
as from time to time are in force.

Upon receipt of an Asset
Review Report Summary from the Asset Representations Reviewer required to be delivered pursuant to Section 12.01(b), the Certificate
Administrator shall (i) include such Asset Review Report Summary in Item 1B on the Form 10-D in accordance with Section 11.04
for such period in which such Asset Review Report Summary was delivered, and (ii) post such Asset Review Report Summary to the Certificate
Administrator’s Website not later than two (2) Business Days after receipt of such Asset Review Report Summary from the Asset Representations
Reviewer.

(b)                               [Reserved].

(c)                                 Each of the Master Servicer and the Special Servicer may, at its sole cost and expense, make available by electronic media, bulletin
board service or, if applicable, Internet website (in addition to making information available as provided herein) any reports or other
information the Master Servicer or the Special Servicer, as applicable, is required or permitted to provide to any party to this Agreement,
the Rating Agencies or any Certificateholder or any RR Interest Owner or any prospective Certificateholder or prospective RR Interest
Owner that has provided the Certificate Administrator, the Master Servicer or the Special Servicer, as applicable, with an Investor Certification
or has executed a “click-through” confidentiality agreement in accordance with Section 3.13 hereof (which
may be a licensed or registered investment advisor) to the extent such action does not conflict with the terms of this Agreement (including
without limitation, any requirements to keep Privileged Information confidential), the terms of the Mortgage Loans or applicable law.
Notwithstanding this paragraph, the availability of such information or reports on the Internet or similar electronic media shall not
be deemed to satisfy any specific delivery requirements in this Agreement except as set forth herein. In connection with providing access
to the Master Servicer’s Internet website, the Master Servicer shall take reasonable measures to ensure that only such parties listed
above may access such information

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including, without limitation, requiring registration,
a confidentiality agreement and acceptance of a disclaimer. The Master Servicer or the Special Servicer, as applicable, shall not be liable
for dissemination of this information in accordance with this Agreement, and neither the Master Servicer nor the Special Servicer shall
be responsible for any information delivered, produced, or made available pursuant to Sections 3.13 and 4.02(b), other
than information produced by the Master Servicer or Special Servicer, as applicable; provided that such information otherwise meets
the requirements set forth herein with respect to the form and substance of such information or reports. The Master Servicer shall be
entitled to attach to any report provided pursuant to this subsection, any reasonable disclaimer with respect to information provided,
or any assumptions required to be made by such report.

The Special Servicer shall
from time to time (and, in any event, as may be reasonably required by the Master Servicer) provide the Master Servicer with such information
in its possession regarding the Specially Serviced Loans and REO Properties as may be necessary for the Master Servicer to prepare each
report and any supplemental information to be provided by the Master Servicer to the Certificate Administrator. Neither the Certificate
Administrator nor the Depositor shall have any obligation to recompute, verify or recalculate the information provided thereto by the
Master Servicer. Unless the Certificate Administrator has actual knowledge that any report or file received from the Master Servicer contains
erroneous information, the Certificate Administrator is authorized to rely thereon in calculating and making distributions to Certificateholders
and the RR Interest Owners in accordance with Section 4.01, preparing the Distribution Date Statement required by Section 4.02(a)
and allocating Non-VRR Realized Losses to the Non-VRR Certificates in accordance with Section 4.04 and VRR Realized Losses
to the VRR Interest in accordance with Section 4.04.

Notwithstanding the foregoing,
the failure of the Master Servicer or Special Servicer to disclose any information otherwise required to be disclosed pursuant to this
Section 4.02(b) or Section 4.02(d) shall not constitute a breach of this Section 4.02(b) or of Section 4.02(d)
to the extent the Master Servicer or the Special Servicer so fails because such disclosure, in the reasonable belief of the Master Servicer
or the Special Servicer, as the case may be, would violate any applicable law or any provision of a Mortgage Loan document prohibiting
disclosure of information with respect to the Mortgage Loans or the Mortgaged Properties. The Master Servicer or the Special Servicer
may affix to any information provided by it any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability
on the part of any other party hereto).

(d)                               Upon the written request of a Certificateholder, any beneficial owner of a Certificate, or any prospective purchaser of a Certificate
that is a Qualified Institutional Buyer and is designated by a Certificateholder or a beneficial owner of a Certificate as such and, in
any case, has delivered an Investor Certification to the Depositor and the Certificate Administrator, as soon as reasonably practicable,
at the expense of the requesting party, the Certificate Administrator shall make available to the requesting party such information that
is in the Certificate Administrator’s possession or can reasonably be obtained by the Certificate Administrator as is requested
by such Person, for purposes of satisfying applicable reporting requirements under Rule 144A under the Securities Act. Neither the
Certificate Registrar, nor the Certificate Administrator shall have any responsibility for the sufficiency under Rule 144A or any
other securities laws of any available information so furnished to any Person including any prospective purchaser of a Certificate or
any

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interest therein, nor for the content or accuracy
of any information so furnished which was prepared or delivered to them by another.

(e)                                 The information to which any Certificateholder is entitled is limited to the information gathered and provided to the Certificateholder
by the parties hereto pursuant to this Agreement and by acceptance of any Certificate, each Certificateholder agrees that except as specifically
provided herein, no Certificateholder shall contact any Mortgagor directly with respect to any Mortgage Loan.

(f)                                   Upon the reasonable request of any Excluded Controlling Class Holder identified to the Master Servicer (in the case of a Non-Specially
Serviced Loan) or the Special Servicer (in the case of a Specially Serviced Loan) to the Master Servicer’s or Special Servicer’s
reasonable satisfaction (at the expense of such Excluded Controlling Class Holder) and if such information is in the Master Servicer’s
or Special Servicer’s possession, the Master Servicer or Special Servicer, as applicable, shall provide or make available (or forward
electronically) to such Excluded Controlling Class Holder (at the expense of such Excluded Controlling Class Holder) any Excluded Information
(available to Privileged Persons through the Certificate Administrator’s Website but not accessible to such Excluded Controlling
Class Holder through the Certificate Administrator’s Website on account of it constituting Excluded Information) relating to any
Excluded Controlling Class Loan with respect to which such Excluded Controlling Class Holder is not a Borrower Party; provided
that, in connection therewith, the Master Servicer or Special Servicer may require a written confirmation executed by the requesting Person
substantially in such form as may be reasonably acceptable to the Master Servicer or Special Servicer, generally to the effect that such
Person is the Directing Certificateholder or a Controlling Class Certificateholder, will keep such Excluded Information confidential and
is not a Borrower Party, upon which the Master Servicer or Special Servicer may conclusively rely. In addition, the Master Servicer and
the Special Servicer shall be entitled to conclusively rely on delivery from the Directing Certificateholder or a Controlling Class Certificateholder,
as applicable, of an Investor Certification substantially in the form of Exhibit P-1B that such Directing Certificateholder or
Controlling Class Certificateholder is not an Excluded Controlling Class Holder with respect to a particular Mortgage Loan. For the avoidance
of doubt, the Special Servicer referenced in this Section 4.02(f) shall include any applicable Excluded Special Servicer with
respect to the related Excluded Special Servicer Loan(s).

Section 4.03                    P&I Advances. (a) On or before 4:00 p.m., New York City time, on each Master Servicer Remittance Date, the
Master Servicer shall (i) remit to the Certificate Administrator for deposit from its own funds into the Lower-Tier REMIC Distribution
Account, an amount equal to the aggregate amount of P&I Advances, if any, with respect to the Mortgage Loans to be made in respect
of the related Distribution Date, (ii) apply amounts held in the Collection Account, for future distribution to Certificateholders
in subsequent months in discharge of any such obligation to make P&I Advances with respect to the Mortgage Loans or (iii) make
P&I Advances in the form of any combination of (i) and (ii) aggregating the total amount of P&I Advances to be made.
Any amounts held in the Collection Account for future distribution and so used to make P&I Advances with respect to the Mortgage Loans
shall be appropriately reflected in the Master Servicer’s records and replaced by the Master Servicer by deposit in the Collection
Account on or before the next succeeding Master Servicer Remittance Date (to the extent not previously replaced through the deposit of
Late Collections of the delinquent principal and/or

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interest in respect of which P&I Advances
were made). The Master Servicer shall notify the Certificate Administrator of (i) the aggregate amount of P&I Advances with
respect to the Mortgage Loans for a Distribution Date and (ii) the amount of any Nonrecoverable P&I Advances with respect
to the Mortgage Loans for such Distribution Date, on or before two (2) Business Days prior to such Distribution Date. If the Master Servicer
fails to make a required P&I Advance by 4:00 p.m., New York City time, on any Master Servicer Remittance Date, the Trustee shall make
such P&I Advance pursuant to Section 7.05 by noon, New York City time, on the related Distribution Date, unless the Master
Servicer shall have cured such failure (and provided written notice of such cure to the Trustee and the Certificate Administrator) by
11:00 a.m., New York City time, on such Distribution Date. In the event that the Master Servicer fails to make a required P&I
Advance hereunder, the Certificate Administrator shall notify the Trustee of such circumstances by 4:30 p.m., New York City time,
on the related Master Servicer Remittance Date. Notwithstanding the foregoing, the portion of any P&I Advance equal to the CREFC®
Intellectual Property Royalty License Fee for the related Mortgage Loans shall not be remitted to the Certificate Administrator for deposit
into the Lower-Tier REMIC Distribution Account but shall be deposited into the Collection Account for payment to CREFC®
on such Distribution Date.

To the extent required under
the related Intercreditor Agreement, if a P&I Advance is made with respect to any Mortgage Loan with a related Serviced Companion
Loan, the Master Servicer or Trustee, as applicable, shall notify the Other Servicer and the Other Trustee of the amount of the P&I
Advance it made with respect to such Mortgage Loan within two (2) Business Days of making such P&I Advance.

(b)                               Subject to Section 4.03(c) and Section 4.03(e) below, the amount of P&I Advances to be made by the
Master Servicer with respect to any Distribution Date and each Mortgage Loan, shall be equal to: (i) the Periodic Payments (other
than any Balloon Payment) (net of related Servicing Fees (other than, in the case of any Non-Serviced Mortgage Loan, the servicing fee
rate pursuant to the applicable Other Pooling and Servicing Agreement)) that were due on the Mortgage Loans (including any Non-Serviced
Mortgage Loan) and any REO Loan (other than any portion of an REO Loan related to a Companion Loan) during the related Collection Period
and delinquent as of the close of business on the Business Day preceding the related Master Servicer Remittance Date (or not advanced
by any Sub-Servicer on behalf of the Master Servicer) and (ii) with respect to each Mortgage Loan delinquent in respect of its
Balloon Payment as of the Master Servicer Remittance Date (including any REO Loan (other than any portion of an REO Loan related to a
Companion Loan) as to which the related Balloon Payment would have been past due), an amount equal to the Assumed Scheduled Payment therefor.
Subject to subsection (c) below, the obligation of the Master Servicer to make such P&I Advances is mandatory, and with
respect to any Mortgage Loan (including any Non-Serviced Mortgage Loan) or REO Loan (other than any portion of an REO Loan related
to a Companion Loan), shall continue until the Distribution Date on which the proceeds, if any, received in connection with a Liquidation
Event or the disposition of the REO Property, as the case may be, with respect thereto are to be distributed. No P&I Advances shall
be made with respect to any Companion Loan.

(c)                                Notwithstanding anything herein to the contrary, no P&I Advance shall be required to be made hereunder if such P&I Advance
would, if made or previously made, constitute a Nonrecoverable P&I Advance. With respect to each Serviced Mortgage Loan, if the Master
Servicer, Special Servicer or Trustee has determined that a P&I Advance or Servicing Advance

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with respect to such Mortgage Loan, would be
or has become a Nonrecoverable Advance, the Master Servicer shall provide each Other Servicer and Other Trustee written notice of such
determination within the time period required by the related Intercreditor Agreement. With respect to each Non-Serviced Mortgage Loan,
the Master Servicer will be required to make its determination (based on information provided by the applicable Non-Serviced Master Servicer
and Non-Serviced Special Servicer) that it has made a P&I Advance on such Non-Serviced Mortgage Loan that is a Nonrecoverable
Advance or that any proposed P&I Advance would, if made, constitute a Nonrecoverable Advance with respect to such Non-Serviced
Mortgage Loan independently of any determination made by the applicable Non-Serviced Master Servicer, the applicable Non-Serviced
Special Servicer or the Non-Serviced Trustee, as the case may be, under the applicable Non-Serviced PSA in respect of the related Non-Serviced
Companion Loan (and if the Special Servicer or the Trustee elects to make and makes such a determination, then it shall make such determination
independently of any such determination by such other Person). If the Master Servicer, the Special Servicer or the Trustee determines
that a proposed P&I Advance with respect to a Non-Serviced Mortgage Loan, if made, or any outstanding P&I Advance with respect
to a Non-Serviced Mortgage Loan previously made, would be, or is, as applicable, a Nonrecoverable Advance, the Master Servicer, Special
Servicer or Trustee, as applicable, shall provide the applicable Non-Serviced Master Servicer and Non-Serviced Special Servicer written
notice of such determination within two (2) Business Days of the date of such determination. If the Master Servicer receives written notice
from the related Non-Serviced Master Servicer or the related Non-Serviced Special Servicer, as the case may be, that either has
determined in accordance with the applicable Non-Serviced PSA with respect to a Non-Serviced Companion Loan, that any proposed advance
under the applicable Non-Serviced PSA that is similar to a P&I Advance would be, or any outstanding advance under such Non-Serviced
PSA that is similar to a P&I Advance is, a nonrecoverable advance, then the Master Servicer or the Trustee may, based upon such determination,
determine that any P&I Advance previously made or proposed to be made with respect to the related Non-Serviced Mortgage Loan,
will be a Nonrecoverable P&I Advance. Thereafter, in either case, the Master Servicer and the Trustee shall not be required to make
any additional P&I Advances with respect to the related Non-Serviced Mortgage Loan unless and until the Master Servicer or the
Trustee, as the case may be, determines that any such additional P&I Advances with respect to the related Non-Serviced Mortgage
Loan would not be a Nonrecoverable P&I Advance, which determination may be as a result of consultation with the related Non-Serviced
Master Servicer or the related Non-Serviced Special Servicer, as the case may be, or otherwise. For the avoidance of doubt, the Master
Servicer, the Special Servicer or the Trustee, as the case may be, shall have the sole discretion provided in this Agreement to determine
that any future P&I Advance or outstanding P&I Advance would be, or is, as applicable, a Nonrecoverable Advance.

(d)                               In connection with the recovery of any P&I Advance out of the Collection Account, pursuant to Section 3.05(a),
the Master Servicer shall be entitled to pay the Trustee and itself (in that order of priority) as the case may be, out of any amounts
then on deposit in the Collection Account (but in no event from any funds allocable to a Serviced Companion Noteholder (unless related
thereto), except to the extent permitted pursuant to the terms of the related Intercreditor Agreement), interest at the Reimbursement
Rate in effect from time to time, accrued on the amount of such P&I Advance from the date made to but not including the date of reimbursement;
provided, however, that no interest will accrue on any P&I Advance (i) made with respect to a Mortgage Loan until
after the related Due Date has passed and any applicable Grace

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Period has expired or (ii) if the related
Periodic Payment is received after the Determination Date but on or prior to the related Master Servicer Remittance Date. The Master Servicer
shall reimburse itself and/or the Trustee, as the case may be, for any outstanding P&I Advance, subject to Section 3.17
of this Agreement, as soon as practicably possible after funds available for such purpose are deposited in the Collection Account.

(e)                                Notwithstanding the foregoing, (i) neither the Master Servicer nor the Trustee shall make an advance for Yield Maintenance
Charges, Default Interest, late payment charges, Prepayment Premiums, Balloon Payments or any P&I Advance with respect to any Companion
Loan or with respect to any cure payment payable by any AB Whole Loan Controlling Holder and (ii) if an Appraisal Reduction Amount
has been made with respect to any Mortgage Loan (or, in the case of a Non-Serviced Whole Loan, an Appraisal Reduction Amount has been
made in accordance with the related Non-Serviced PSA and the Master Servicer has notice of such Appraisal Reduction Amount) the interest
portion of the P&I Advance in respect of such Mortgage Loan for the related Distribution Date shall be reduced (it being herein acknowledged
that there shall be no reduction in the principal portion of such P&I Advance) to equal the product of (x) the amount of the
interest portion of such P&I Advance for such Mortgage Loan for such Distribution Date without regard to this clause (ii),
and (y) a fraction, expressed as a percentage, the numerator of which is equal to the Stated Principal Balance of such Mortgage Loan
immediately prior to such Distribution Date, net of the related Appraisal Reduction Amount (or, in the case of a Serviced Whole Loan,
the portion of such Appraisal Reduction Amount allocated to the related Mortgage Loan), if any, and the denominator of which is equal
to the Stated Principal Balance of such Mortgage Loan immediately prior to such Distribution Date. For purposes of the immediately preceding
sentence, the Periodic Payment due on the Maturity Date for a Balloon Mortgage Loan will be the Assumed Scheduled Payment for the related
Distribution Date.

(f)                                  In no event shall either the Master Servicer or the Trustee be required to make a P&I Advance with respect to any Companion
Loan.

Section 4.04                   Allocation of Realized Losses. (a) On each Distribution Date, immediately following the distributions to be made on
such date pursuant to Section 4.01, the Certificate Administrator shall calculate the amount of any Non-VRR Realized Losses.
Any allocation of Non-VRR Realized Losses to a Class of Regular Certificates shall be made by reducing the Certificate Balance thereof
by the amount so allocated. Any Non-VRR Realized Losses so allocated to a Class of Regular Certificates shall be allocated among the respective
Certificates of such Class in proportion to the Percentage Interests evidenced thereby. The allocation of Non-VRR Realized Losses shall
constitute an allocation of losses and other shortfalls experienced by the Trust. Reimbursement of previously allocated Non-VRR Realized
Losses shall not constitute distributions of principal for any purpose and shall not result in an additional reduction in the Certificate
Balance of the Class of Certificates in respect of which any such reimbursement is made. With respect to any Class of Non-VRR Certificates,
to the extent any Nonrecoverable Advances (plus interest thereon) that were reimbursed from principal collections on the Mortgage Loans
and previously resulted in a reduction of the Aggregate Principal Distribution Amount are subsequently recovered on the related Mortgage
Loan, the amount of such recovery shall be added to the Certificate Balance of the Class or Classes of Principal Balance Certificates
that previously were allocated Non-VRR Realized Losses, in sequential order, in each

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case up to the amount of the unreimbursed Non-VRR
Realized Losses allocated to such Class of Certificates.

(b)                               On each Distribution Date, the Certificate Balances of the Principal Balance Certificates will be reduced without distribution,
as a write-off to the extent of any Non-VRR Realized Losses, if any, allocable to such Certificates with respect to such Distribution
Date. Any such write off shall be allocated first, to the Class K Certificates, second, to the Class J Certificates,
third, to the Class H Certificates, fourth, to the Class G Certificates, fifth, to the Class F Certificates,
sixth, to the Class E Certificates, seventh, to the Class D Certificates, eighth, to the Class C Certificates,
ninth, to the Class B Certificates, tenth, to the Class A-S Certificates and then, pro rata (based
on their respective Certificate Balances), to the Class A-1, Class A-2, Class A-4, Class A-5 and Class A-SB Certificates, in each
case until the remaining Certificate Balances of such Classes of Certificates have been reduced to zero.

(c)                                With respect to any Distribution Date, any Non-VRR Realized Losses allocated to a Class of Principal Balance Certificates pursuant
to Section 4.04(a) or Section 4.04(b), respectively, with respect to such Distribution Date shall reduce the Lower-Tier
Principal Amount of the Related Lower-Tier Regular Interest with respect thereto as a write-off.

On each Distribution Date,
any VRR Realized Loss for such Distribution Date shall be allocated to the VRR Interest, pro rata based on the VRR Interest Balance
of each VRR Interest; and, in connection therewith, the VRR Interest Balances of each VRR Interest shall be reduced without distribution,
as a write-off, to the extent of such VRR Realized Loss.

Section 4.05                   Appraisal Reduction Amounts; Collateral Deficiency Amounts. (a) For purposes of (x) determining the Controlling
Class (and whether a Control Termination Event has occurred and is continuing) and (y) determining the Voting Rights of the related
Classes for purposes of removal of the Special Servicer or the Operating Advisor, the VRR Percentage of any Cumulative Appraisal Reduction
Amounts shall be allocated to the VRR Interest to notionally reduce (to not less than zero) the VRR Interest Balance of the VRR Interest
and the Non-VRR Percentage of any Cumulative Appraisal Reduction Amounts allocated to the Mortgage Loans (with respect to a Serviced Whole
Loan, to the extent allocated to the related Mortgage Loan) shall be allocated to each Class of Principal Balance Certificates in reverse
sequential order to notionally reduce the related Certificate Balances until the Certificate Balance of each such Class is reduced to
zero (i.e., first, to the Class K Certificates, second, to the Class J Certificates, third, to the Class H
Certificates, fourth, to the Class G Certificates, fifth, to the Class F Certificates, sixth, to the Class E
Certificates, seventh, to the Class D Certificates, eighth, to the Class C Certificates, ninth, to the
Class B Certificates, tenth, to the Class A-S Certificates, and, finally, to the Class A-1, Class A-2, Class A-SB,
Class A-4 and Class A-5 Certificates, pro rata, based on their Certificate Balances.

Appraisal Reduction Amounts
and Cumulative Appraisal Reduction Amounts allocated to a related Mortgage Loan shall be allocated between the VRR Interest on the one
hand and the Non-VRR Certificates, on the other hand, based on the VRR Percentage and the Non-VRR Percentage, respectively.

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As of the first Determination
Date after a Mortgage Loan (other than a Non-Serviced Mortgage Loan) becomes an AB Modified Loan, the Special Servicer shall calculate
whether a Collateral Deficiency Amount exists with respect to such AB Modified Loan, taking into account the most recent Appraisal obtained
by the Special Servicer with respect to such Mortgage Loan, and all other information relevant to a Collateral Deficiency Amount determination.
Upon obtaining knowledge or receipt of notice by the Special Servicer that a Non-Serviced Mortgage Loan has become an AB Modified Loan,
the Special Servicer shall (i) promptly request from the related Non-Serviced Master Servicer, Non-Serviced Special Servicer and
Non-Serviced Trustee the most recent appraisal with respect to such AB Modified Loan, in addition to all other information reasonably
required by the Special Servicer to calculate whether a Collateral Deficiency Amount exists with respect to such AB Modified Loan, and
(ii) as of the first Determination Date following receipt by the Special Servicer of the appraisal and any other information set
forth in the immediately preceding clause (i) that the Special Servicer reasonably expects to receive, calculate whether a Collateral
Deficiency Amount exists with respect to such AB Modified Loan, taking into account the most recent appraisal obtained by the Non-Serviced
Special Servicer with respect to such Non-Serviced Mortgage Loan, and all other information relevant to a Collateral Deficiency Amount
determination. Upon obtaining knowledge or receipt of notice by any other party to this Agreement that a Non-Serviced Mortgage Loan has
become an AB Modified Loan, such party shall promptly notify the Special Servicer thereof. The Master Servicer shall provide (via electronic
delivery) the Special Servicer with any information in its possession that is reasonably required to determine, redetermine, calculate
or recalculate any Collateral Deficiency Amount for any Mortgage Loan (other than any Non-Serviced Mortgage Loan) and any Serviced Companion
Loan using reasonable efforts to deliver such information within five (5) Business Days of the Special Servicer’s reasonable request.
None of the Master Servicer, the Trustee, the Operating Advisor or the Certificate Administrator shall calculate or verify any Collateral
Deficiency Amount. Upon reasonable prior written request, the Master Servicer shall use reasonable efforts to assist the Special Servicer
in obtaining information reasonably required to calculate or recalculate any Collateral Deficiency Amount with respect to a Non-Serviced
Mortgage Loan in the event that the Special Servicer is unsuccessful in obtaining such information from the related Non-Serviced Master
Servicer, Non-Serviced Special Servicer or Non-Serviced Trustee.

For purposes of determining
the Controlling Class and whether a Control Termination Event has occurred and is continuing, Collateral Deficiency Amounts allocated
to an AB Modified Loan will be allocated by applying the Non-VRR Percentage of the Collateral Deficiency Amounts to each Class of Control
Eligible Certificates in reverse sequential order to notionally reduce the related Certificate Balances until the Certificate Balance
of each such Class of Control Eligible Certificates is reduced to zero. For the avoidance of doubt, for purposes of determining the Controlling
Class or the occurrence of a Control Termination Event, any Class of Control Eligible Certificates shall be allocated the Non-VRR Percentage
of both applicable Appraisal Reduction Amounts and applicable Collateral Deficiency Amounts (the sum of which shall constitute the applicable
Cumulative Appraisal Reduction Amount), in accordance with this Section 4.05(a).

The Special Servicer shall
promptly notify the Master Servicer of the amount of any Appraisal Reduction Amount and any Collateral Deficiency Amount (which notification
shall be satisfied through delivery of a report in a form mutually agreed upon between Master Servicer

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and Special Servicer). Following receipt from
the Special Servicer, the Master Servicer shall notify the Certificate Administrator of the amount of any Appraisal Reduction Amount (which
notification shall be made by delivery of the CREFC® Loan Periodic Update File in accordance with Section 3.12(d)),
any Collateral Deficiency Amount and any resulting Cumulative Appraisal Reduction Amount with respect to each Mortgage Loan, AB Modified
Loan or Serviced Whole Loan, if any (which notification shall be satisfied through delivery of such information included in the CREFC®
Loan Periodic Update File and the CREFC® Appraisal Reduction Amount Template included in the CREFC® Investor
Reporting Package, or such report mutually agreed upon between Master Servicer and Certificate Administrator, which shall be delivered
simultaneously with the CREFC® Loan Periodic Update File in accordance with Section 3.12(d)). Based on information
in its possession, the Certificate Administrator shall determine from time to time which Class of Certificates is the Controlling Class.
The Certificate Administrator shall provide notice of the identity of the Controlling Class as set forth in Section 3.23(m).
With respect to any Appraisal Reduction Amount or Collateral Deficiency Amount, as applicable, calculated for purposes of determining
(i) the Voting Rights of the related Classes for purposes of removing the Special Servicer or (ii) the Controlling Class, the appraised
value of the related Mortgaged Property will be determined on an “as-is” basis.

(b)                               (i) The Holders of the majority of Voting Rights of any Class of Control Eligible Certificates that is determined at any time
of determination to no longer be the Controlling Class (any such Class, an “Appraised-Out Class”) as a result of
an Appraisal Reduction Amount or Collateral Deficiency Amount in respect of such Class shall have the right, at their sole expense, to
require the Special Servicer to order a second Appraisal with respect to any Mortgage Loan (or Serviced Whole Loan) for which an Appraisal
Reduction Event has occurred or as to which there exists a Collateral Deficiency Amount (such Holders, the “Requesting Holders”).
The Special Servicer shall use its reasonable efforts to cause such second Appraisal to be (A) delivered within thirty (30) days from
receipt of the Requesting Holders’ written request and (B) prepared on an “as-is” basis by an MAI appraiser (provided
that such MAI appraiser may not be the same MAI appraiser that provided the Appraisal in respect of which the Requesting Holders are requesting
the Special Servicer to obtain an additional Appraisal).

(ii)                                Upon receipt of any supplemental Appraisal pursuant to clause (i) above, the Special Servicer shall determine, in accordance
with the Servicing Standard, whether, based on its assessment of such supplemental Appraisal, any recalculation of the Appraisal Reduction
Amount or Collateral Deficiency Amount is warranted, and if so warranted, the Special Servicer shall, recalculate the Appraisal Reduction
Amount or Collateral Deficiency Amount, as applicable, based on such supplemental Appraisal. If required by such recalculation, the Appraised-Out
Class shall be reinstated as the Controlling Class and each other Appraised-Out Class shall, if applicable, have its related Certificate
Balance notionally restored to the extent required by such recalculation of the Appraisal Reduction Amount or Collateral Deficiency Amount,
as applicable. The Holders of an Appraised-Out Class requesting any supplemental Appraisal pursuant to clause (i) above
shall refrain from exercising any direction, control, consent and/or similar rights of the Controlling Class until such time, if any,
as the Class is reinstated as the Controlling Class (such period beginning upon receipt by the Special Servicer of any request to obtain
a supplemental Appraisal pursuant to clause (i) above to but excluding the date on which either (A) the Special Servicer
determines that no recalculation of the Appraisal Reduction Amount or

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Collateral Deficiency Amount is warranted
or (B) the Special Servicer recalculates the Appraisal Reduction Amount or Collateral Deficiency Amount, as applicable, based on
the supplemental Appraisal and receipt of any information requested by the Special Servicer pursuant to this section, the “Appraisal
Review Period”). The rights of the Controlling Class during each Appraisal Review Period shall be exercised by the next most
senior Control Eligible Certificates, if any.

(c)                                With respect to each Mortgage Loan (other than a Non-Serviced Mortgage Loan), and each Serviced Whole Loan as to which an Appraisal
Reduction Event has occurred (unless such Mortgage Loan or Serviced Whole Loan has become a Corrected Loan (for such purposes taking into
account any amendment or modification of such Mortgage Loan, any related Serviced Companion Loan or Serviced Whole Loan)), the Special
Servicer shall (1) within thirty (30) days of each anniversary of the related Appraisal Reduction Event, and (2) upon its determination
that the value of the related Mortgaged Property has materially changed, notify the Master Servicer of the occurrence of such anniversary
or determination and order an Appraisal (which may be an update of a prior Appraisal), the cost of which shall be paid by the Master Servicer
as a Servicing Advance or to the extent it would be a Nonrecoverable Advance, an expense of the Trust, or conduct an internal valuation,
as applicable and, promptly following receipt of any such Appraisal or performance of such valuation (or receipt of any Appraisal obtained
in accordance with Section 4.05(b) above), shall deliver a copy thereof to the Master Servicer, the Certificate Administrator,
the Trustee, the Operating Advisor and ((i) prior to the occurrence of any Consultation Termination Event and (ii) other than
with respect to any Excluded Loan) the Directing Certificateholder. Based upon such Appraisal or internal valuation (or any Appraisal
obtained in accordance with Section 4.05(b) above) and receipt of information reasonably requested by the Special Servicer
from the Master Servicer necessary to calculate the Appraisal Reduction Amount or Collateral Deficiency Amount, the Special Servicer shall
determine or redetermine, and calculate or recalculate, as applicable, and report to the Master Servicer, the Certificate Administrator,
the Trustee, the Operating Advisor and ((i) prior to the occurrence of any Consultation Termination Event and (ii) other than
with respect to any Excluded Loan) the Directing Certificateholder, the amount and calculation or recalculation of the Appraisal Reduction
Amount or Collateral Deficiency Amount with respect to such Mortgage Loan, Companion Loan or Serviced Whole Loan, as applicable, and such
report shall be delivered in the CREFC® Appraisal Reduction Amount Template format; provided, however, that
the Special Servicer shall not be liable for failure to comply with such duties insofar as such failure results from a failure of the
Master Servicer to provide sufficient information to the Special Servicer to comply with such duties or failure by the Master Servicer
to otherwise comply with its obligations hereunder. Such report shall also be forwarded by the Special Servicer, to the extent the related
Serviced Companion Loan has been included in an Other Securitization, to the Other Servicer of such Other Securitization into which the
related Serviced Companion Loan has been sold, or to the holder of any related Serviced Companion Loan by the Special Servicer. If the
Special Servicer is required to redetermine the Appraisal Reduction Amount or Collateral Deficiency Amount, such redetermined Appraisal
Reduction Amount or Collateral Deficiency Amount shall replace the prior Appraisal Reduction Amount or Collateral Deficiency Amount, as
applicable, with respect to such Mortgage Loan, Companion Loan or Serviced Whole Loan, as applicable. Prior to the occurrence of a Consultation
Termination Event and other than with respect to any Excluded Loan, the Special Servicer shall consult with the Directing Certificateholder
with respect to any Appraisal, valuation or downward adjustment in connection with an Appraisal Reduction Amount or Collateral

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Deficiency Amount. Notwithstanding the foregoing
but subject to Section 4.05(b), the Special Servicer will not be required to obtain an Appraisal or conduct an internal valuation,
as applicable, with respect to a Mortgage Loan or related Companion Loan or Serviced Whole Loan that is the subject of an Appraisal Reduction
Event to the extent the Special Servicer has obtained an Appraisal or conducted such a valuation (in accordance with requirements of this
Agreement), as applicable, with respect to the related Mortgaged Property within the twelve-month period immediately prior to the
occurrence of the Appraisal Reduction Event. Instead, the Special Servicer may use the prior Appraisal or valuation, as applicable, in
calculating any Appraisal Reduction Amount or Collateral Deficiency Amount with respect to such Mortgage Loan or related Companion Loan
or Serviced Whole Loan; provided that the Master Servicer has not notified the Special Servicer of any material change to the related
Mortgaged Property having occurred and affecting the validity of such Appraisal or valuation. The Master Servicer, upon reasonable prior
written request, shall provide the Special Servicer with information in its possession that is reasonably required to determine, calculate,
redetermine or recalculate any Appraisal Reduction Amount, using reasonable efforts to deliver such information, within five (5) Business
Days following the Special Servicer’s reasonable request therefor. For the avoidance of doubt, none of the Master Servicer, the
Trustee or the Certificate Administrator shall calculate or verify any Appraisal Reduction Amount.

(d)                               Any Mortgage Loan (other than a Non-Serviced Mortgage Loan), any related Serviced Companion Loan and any Serviced Whole Loan, previously
subject to an Appraisal Reduction Amount, which has become a Corrected Loan (for such purposes taking into account any amendment or modification
of such Mortgage Loan, any related Serviced Companion Loan and any Serviced Whole Loan, as applicable), and with respect to which no other
Appraisal Reduction Event has occurred and is continuing, will no longer be subject to an Appraisal Reduction Amount. Any Appraisal Reduction
Amount in respect of a Non-Serviced Whole Loan shall be calculated by the applicable party under and in accordance with and pursuant
to the terms of the applicable Non-Serviced PSA.

(e)                                 Each Serviced Whole Loan will be treated as a single Mortgage Loan for purposes of calculating an Appraisal Reduction Amount with
respect to the Mortgage Loan and Companion Loan(s) that comprise such Serviced Whole Loan. Any Appraisal Reduction Amount in respect of
a Serviced AB Whole Loan in respect of an AB Modified Loan will be allocated in accordance with the related Intercreditor Agreement or,
if no allocation is specified in the related Intercreditor Agreement, then, first, to the related AB Subordinate Companion Loan (until
its principal balance is notionally reduced to zero by such Appraisal Reduction Amounts) and second, pro rata, between the related
AB Mortgage Loan and the related Serviced Pari Passu Companion Loan (if any), based upon their respective Stated Principal Balances. Any
Appraisal Reduction Amount in respect of any Serviced Pari Passu Whole Loan will be allocated in accordance with the related Intercreditor
Agreement or, if no allocation is specified in the related Intercreditor Agreement, then, pro rata, between the related Serviced
Pari Passu Mortgage Loan and the related Serviced Pari Passu Companion Loan, based upon their respective Stated Principal Balances.

Section 4.06                   [Reserved].

Section 4.07                   Investor Q&A Forum; Investor Registry; and Rating Agency Q&A Forum and Document Request Tool. (a) The Certificate
Administrator shall make available, only

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to Privileged Persons, the Investor Q&A
Forum. The “Investor Q&A Forum” shall be a service available on the Certificate Administrator’s Website,
where (i) Certificateholders, the RR Interest Owners and beneficial owners of Certificates that are Privileged Persons may submit
questions to (A) the Certificate Administrator relating to the Distribution Date Statement, (B) the Master Servicer or the Special
Servicer, as applicable, relating to the reports being made available pursuant to Section 3.13(b), the Mortgage Loans (excluding
any Non-Serviced Mortgage Loan) or the related Mortgaged Properties or (C) the Operating Advisor relating to the Operating Advisor
Annual Report or other reports prepared by the Operating Advisor or actions by the Special Servicer referenced in any Operating Advisor
Annual Report (each an “Inquiry” and collectively, “Inquiries”), and (ii) Privileged Persons
may view Inquiries that have been previously submitted and answered, together with the answers thereto. Upon receipt of an Inquiry for
the Master Servicer, the Special Servicer, Certificate Administrator or the Operating Advisor, as applicable, and in the case of any Inquiry
relating to a Non-Serviced Mortgage Loan, to the related Non-Serviced Master Servicer or related Non-Serviced Special Servicer, as applicable,
the Certificate Administrator shall forward the Inquiry to the appropriate person (in the case of the Master Servicer to the following:
AskMidland@midlandls.com, in each case within a commercially reasonable period of time following receipt thereof. Following receipt of
an Inquiry, the Master Servicer, the Special Servicer, the Certificate Administrator or the Operating Advisor, as applicable, unless such
party determines not to answer such Inquiry as provided below, shall reply to the Inquiry, which reply of the Master Servicer, Special
Servicer or the Operating Advisor, as applicable, shall be delivered to the Certificate Administrator by electronic mail. In the case
of an Inquiry relating to a Non-Serviced Mortgage Loan, the Certificate Administrator shall make reasonable efforts to obtain an answer
from the related Non-Serviced Master Servicer or the related Non-Serviced Special Servicer, as applicable; provided that the Certificate
Administrator shall not be responsible for the content of such answer or any delay or failure to obtain such answer. The Certificate Administrator
shall post (within a commercially reasonable period of time following preparation or receipt of such answer, as the case may be) such
Inquiry and the related answer to the Certificate Administrator’s Website. If the Certificate Administrator, the Master Servicer,
the Special Servicer or the Operating Advisor determines, in its respective sole discretion, that (i) any Inquiry is beyond the scope
of the topics described above, (ii) answering any Inquiry would not be in the best interests of the Trust and/or the Certificateholders
and/or the RR Interest Owners, (iii) answering any Inquiry would be in violation of applicable law, the applicable Mortgage Loan
documents or this Agreement, (iv) answering any Inquiry would materially increase the duties of, or result in significant additional
cost or expense to, the Master Servicer, the Special Servicer, the Certificate Administrator or the Operating Advisor, as applicable,
(v) answering any Inquiry would require the disclosure of Privileged Information (subject to the Privileged Information Exception),
or (vi) answering any Inquiry is otherwise, for any reason, not advisable, it shall not be required to answer such Inquiry and, in
the case of the Master Servicer, the Special Servicer or the Operating Advisor, shall promptly notify the Certificate Administrator of
such determination. In addition, no party shall post or otherwise disclose any direct communications with the Directing Certificateholder
or a Risk Retention Consultation Party (in its capacity as a Risk Retention Consultation Party) as part of its response to any Inquiries.
The Certificate Administrator shall notify the Person who submitted such Inquiry in the event that the Inquiry will not be answered. Any
notice by the Certificate Administrator to the Person who submitted an Inquiry that will not be answered shall include the following statement:
“Because the Pooling and Servicing Agreement provides that the Master Servicer, the Special Servicer, the Certificate Administrator

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and the Operating Advisor shall not answer
an Inquiry if it determines, in its respective sole discretion, that (i) any Inquiry is beyond the scope of the topics described
in the Pooling and Servicing Agreement, (ii) answering any Inquiry would not be in the best interests of the Trust and/or the Certificateholders
and the RR Interest Owners, (iii) answering any Inquiry would be in violation of applicable law or the applicable Mortgage Loan documents,
(iv) answering any Inquiry would materially increase the duties of, or result in significant additional costs or expenses to the
Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator or Operating Advisor, as applicable, (v) answering
any Inquiry would require the disclosure of Privileged Information, or (vi) answering any Inquiry is otherwise, for any reason, not
advisable, no inference should or may be drawn from the fact that the Master Servicer, the Special Servicer, the Certificate Administrator
or the Operating Advisor has declined to answer the Inquiry.” Answers posted on the Investor Q&A Forum will be attributable
only to the respondent, and shall not be deemed to be answers from any of the Depositor, the Underwriters or any of their respective Affiliates.
None of the Underwriters, Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Operating
Advisor or any of their respective Affiliates will certify to any of the information posted in the Investor Q&A Forum and no such
party shall have any responsibility or liability for the content of any such information. The Certificate Administrator shall not be required
to post to the Certificate Administrator’s Website any Inquiry or answer thereto that the Certificate Administrator determines,
in its sole discretion, is administrative or ministerial in nature. The Investor Q&A Forum will not reflect questions, answers and
other communications that are not submitted via the Certificate Administrator’s Website. Notwithstanding the foregoing, the Operating
Advisor shall not be required to respond to any Inquiries from Certificateholders or the RR Interest Owners for which its response would
require the Operating Advisor to provide information to such inquiring Certificateholders or the RR Interest Owners that they are otherwise
not entitled to receive under the terms of this Agreement.

(b)                               The Certificate Administrator shall make available to any Certificateholder, any RR Interest Owner and any Certificate Owner that
is a Privileged Person, the Investor Registry. The “Investor Registry” shall be a voluntary service available on the
Certificate Administrator’s Website, where Certificateholders, the RR Interest Owners and Certificate Owners that are Privileged
Persons can register and thereafter obtain information with respect to any other Certificateholder, any RR Interest Owner or Certificate
Owner that has so registered. Any Person registering to use the Investor Registry will be required to certify that (a) it is a Certificateholder,
an RR Interest Owner or a Certificate Owner and a Privileged Person and (b) it grants authorization to the Certificate Administrator
to make its name and contact information available on the Investor Registry for at least forty-five (45) days from the date of such
certification to Persons entitled to access to the Investor Registry. Such Person shall then be asked to enter certain mandatory fields
such as the individual’s name, the company name and email address, as well as certain optional fields such as address, phone, and
Class(es) of Certificates owned. If any Certificateholder, any RR Interest Owner or Certificate Owner notifies the Certificate Administrator
that it wishes to be removed from the Investor Registry (which notice may not be within forty-five (45) days of its registration),
the Certificate Administrator shall promptly remove it from the Investor Registry. The Certificate Administrator will not be responsible
for verifying or validating any information submitted on the Investor Registry, or for monitoring or otherwise maintaining the accuracy
of any information thereon. The Certificate Administrator may require acceptance of a waiver and disclaimer for access to the Investor
Registry.

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(c)                                The 17g-5 Information Provider shall make available, only to NRSROs, the Rating Agency Q&A Forum and Document Request
Tool. The “Rating Agency Q&A Forum and Document Request Tool” shall be a service available on the 17g-5 Information
Provider’s Website, where NRSROs may (i) submit questions to the Certificate Administrator relating to any Distribution
Date Statements, or submit questions to the Master Servicer or the Special Servicer, as applicable, relating to the reports prepared
by such parties (each such submission, a “Rating Agency Inquiry”), and (ii) view Rating Agency Inquiries that
have been previously submitted and answered, together with the responses thereto. In addition, NRSROs may use the forum to submit requests
(each such submission also, a “Rating Agency Inquiry”) to the Master Servicer for loan-level reports and other
related information. Upon receipt of a Rating Agency Inquiry for the Master Servicer or the Special Servicer, the 17g-5 Information
Provider shall forward the Rating Agency Inquiry to the appropriate Person (in the case of the Master Servicer to the following: AskMidland@midlandls.com,
in each case within a commercially reasonable period of time following receipt thereof. Following receipt of a Rating Agency Inquiry
from the 17g-5 Information Provider, the Master Servicer or the Special Servicer, as applicable, unless it determines not to answer
such Rating Agency Inquiry as provided below, shall reply by email to the Certificate Administrator. The 17g-5 Information Provider
shall post (within a commercially reasonable period of time following receipt of such response) such Rating Agency Inquiry with the related
response thereto (or such reports, as applicable) to the Rating Agency Q&A Forum and Document Request Tool. Any reports posted by
the 17g-5 Information Provider in response to an inquiry may be posted on a separate website or web page accessible by a link on
the 17g-5 Information Provider’s Website. If the Certificate Administrator, the Master Servicer or the Special Servicer determines,
in its respective sole discretion, that (i) answering any Rating Agency Inquiry would be in violation of applicable law, the Servicing
Standard, this Agreement or any Mortgage Loan documents, (ii) answering any Rating Agency Inquiry would or is reasonably expected
to result in a waiver of an attorney-client privilege with, or the disclosure of attorney work product, or (iii) (A) answering
any Rating Agency Inquiry would materially increase the duties of, or result in significant additional cost or expense to, the Certificate
Administrator, the Master Servicer or the Special Servicer, as applicable, and (B) the Certificate Administrator, the Master Servicer
or the Special Servicer, as applicable, determines in accordance with the Servicing Standard (or in good faith, in the case of the Certificate
Administrator) that the performance of such duties or the payment of such costs and expenses is beyond the scope of its duties in its
capacity as Certificate Administrator, Master Servicer or Special Servicer, as applicable, under this Agreement, it shall not be required
to answer such Rating Agency Inquiry and shall promptly notify the 17g-5 Information Provider by email of such determination. The
17g-5 Information Provider shall promptly thereafter post the Rating Agency Inquiry with the reason it was not answered to the Rating
Agency Q&A Forum and Document Request Tool. The 17g-5 Information Provider will not be liable for the failure by any other such
Person to so answer. Questions posted on the Rating Agency Q&A Forum and Document Request Tool shall not be attributed to the submitting
NRSRO. Answers posted on the Rating Agency Q&A Forum and Document Request Tool will be attributable only to the respondent, and shall
not be deemed to be answers from any other person. None of the Underwriters, the Depositor, or any of their respective Affiliates will
certify to any of the information posted in the Rating Agency Q&A Forum and Document Request Tool and no such party shall have any
responsibility or liability for the content of any such information. The 17g-5 Information Provider shall not be required to post
to the 17g-5 Information Provider’s Website any Rating Agency Inquiry or answer thereto that the 17g-5 Information

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Provider determines, in its sole discretion,
is administrative or ministerial in nature. The Rating Agency Q&A Forum and Document Request Tool will not reflect questions, answers
and other communications that are not submitted via the 17g-5 Information Provider’s Website.

Section 4.08                   Secure Data Room.(a) (a)  The Certificate Administrator shall create a Secure Data Room and the Depositor shall,
upon the receipt of each Mortgage Loan Seller’s Diligence File Certification and within 120 days following the Closing Date, deliver
to the Certificate Administrator an electronic copy of the Diligence Files for the Mortgage Loans that have been uploaded by the Mortgage
Loan Sellers to the Intralinks Site. Upon receipt thereof, the Certificate Administrator shall promptly upload the contents of each Diligence
File actually received by it to the Secure Data Room. Access to the Secure Data Room shall be granted by the Certificate Administrator
to (i) the Asset Representations Reviewer and (ii) any other Person at the direction of the Depositor, in each case, upon the
occurrence of an Affirmative Asset Review Vote and receipt by the Certificate Administrator of a certification substantially in the form
of Exhibit RR hereto (which shall be sent via email to trustadministrationgroup@wellsfargo.com or submitted electronically
via the Certificate Administrator’s website). In no case whatsoever shall Certificateholders be permitted to access the Secure Data
Room. For the avoidance of doubt, the Certificate Administrator shall be under no obligation to post any documents or information to the
Secure Data Room other than the contents of the Diligence Files initially delivered to it by the Depositor.

(b)                              The Certificate Administrator shall not have any obligation or duty to verify, review, confirm or otherwise determine whether the
type, number or contents of any Diligence File delivered to the Certificate Administrator is accurate, complete, or relates to the transaction
or confirm that all documents and information constituting any Diligence File have actually been delivered to the Certificate Administrator.
In no case shall the Certificate Administrator be deemed to have obtained actual or constructive knowledge of the contents of, or information
contained in, any Diligence File by virtue of posting such Diligence File to the Secure Data Room. In the event that any document or information
is posted in error, the Certificate Administrator may remove such document or information from the Secure Data Room. The Certificate Administrator
shall not have any obligation to produce physical or electronic copies of any document or information provided to it for posting to the
Secure Data Room. The Certificate Administrator shall not be responsible or held liable for any other Person’s use or dissemination
of the documents or information contained on the Secure Data Room; provided that such event or occurrence is not also a result
of its own negligence, bad faith or willful misconduct. The Certificate Administrator shall not be required to restrict access to the
Secure Data Room on a loan-by-loan basis and any Person with access to the Secure Data Room shall covenant to access only the information
necessary to perform its duties and responsibilities under this Agreement.

(c)                                Upon the resignation or removal of the Certificate Administrator pursuant to Section 8.07, the Certificate Administrator
shall transfer electronic copies of the Diligence Files to a successor certificate administrator designated in writing by the Depositor
or the Master Servicer, and all costs and expenses associated with the transfer of the Diligence Files shall be payable as part of the
costs and expenses associated with the transfer of its responsibilities upon the resignation or removal of the Certificate Administrator
pursuant to Section 8.07. Following the date on which any Mortgage Loan is paid in full, liquidated, repurchased or otherwise
removed from the Trust, the Master Servicer or the Special Servicer, as applicable, may direct the Certificate

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Administrator in writing to delete the Diligence
File related to such Mortgage Loan from the Secure Data Room; provided that absent such direction, the Certificate Administrator
shall not be obligated to delete any Diligence File from the Secure Data Room. Following the termination of the Trust pursuant to Section 9.01,
the Certificate Administrator shall be permitted to delete all files from the Secure Data Room. Upon deletion, in no event shall the Certificate
Administrator be obligated to reproduce or retrieve such deleted files.

[End of Article IV]

Article V

THE CERTIFICATES

Section 5.01                   The Certificates. (a) The Certificates will be substantially in the respective forms annexed hereto as Exhibits A-1
through and including A-25, with such appropriate insertions, omissions, substitutions and other variations as are required
or permitted by this Agreement or as may, in the reasonable judgment of the Certificate Registrar, be necessary, appropriate or convenient
to comply, or facilitate compliance, with applicable laws, and may have such letters, numbers or other marks of identification and such
legends or endorsements placed thereon as may be required by law, or as may, consistently herewith, be determined by the officers executing
such Certificates, as evidenced by their execution thereof. The Class X Certificates shall be issuable only in minimum Denominations
of authorized initial Notional Amount of not less than $1,000,000 and in integral multiples of $1.00 in excess thereof. The Registered
Certificates (other than the Class X-A and Class X-B Certificates) shall be issuable only in minimum Denominations of authorized
initial Certificate Balance of not less than $10,000, and in integral multiples of $1.00 in excess thereof. The Class RR Certificates
shall be issuable in one or more Definitive Certificates, in minimum denominations of authorized Certificate Balance of not less than
$10,000, and multiples of $l in excess thereof (or such lesser amount if the Certificate Balance is not a multiple of $1). The Non-Registered
Certificates (other than the Class X-D, Class X-F, Class X-G, Class X-H, Class X-J, Class X-K Class R and Class RR Certificates) shall
be issuable in minimum Denominations of authorized initial Certificate Balance of not less than $100,000, and in integral multiples of
$1.00 in excess thereof. If the Original Certificate Balance or initial Notional Amount, as applicable, of any Class does not equal an
integral multiple of $1.00, then a single additional Certificate of such Class may be issued in a minimum denomination of authorized initial
Certificate Balance or initial Notional Amount, as applicable, that includes the excess of (i) the Original Certificate Balance or
initial Notional Amount, as applicable, of such Class over (ii) the largest integral multiple of $1.00 that does not exceed such
amount. The Class R Certificates shall be issued, maintained and transferred in minimum Percentage Interests of 10% of such Class R
Certificates and in integral multiples of 1% in excess thereof.

(b)                               One
authorized signatory shall sign the Certificates for the Certificate Registrar by manual or facsimile signature. If an authorized signatory
whose signature is on a Certificate no longer holds that office at the time the Certificate Registrar countersigns the Certificate, the
Certificate shall be valid nevertheless. A Certificate shall not be valid until an authorized signatory of the Certificate Registrar
(who may be the same officer who executed the Certificate) manually countersigns the Certificate. The signature shall be conclusive evidence
that the Certificate has been executed and countersigned under this Agreement.

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Section 5.02                   Form and Registration. No
Transfer of any Non-Registered Certificate shall be made unless that Transfer is made pursuant to an effective registration
statement under the Securities Act, and effective registration or qualification under applicable state securities laws, or is made
in a transaction which does not require such registration or qualification. If a Transfer is to be made in reliance upon an
exemption from the Securities Act, and under the applicable state securities laws, then either:

(a)                                Each Class of the Non-Registered Certificates (other than the Retained Certificates and the Class R Certificates) sold to institutions
that are non-United States Securities Persons in Offshore Transactions in reliance on Regulation S under the Act shall initially
be represented by a temporary Book-Entry Certificate in definitive, fully registered form without interest coupons, substantially
in the applicable form set forth as an exhibit hereto (each a “Temporary Regulation S Book-Entry Certificate”),
which shall be deposited on the Closing Date on behalf of the purchasers of the Non-Registered Certificates represented thereby with
the Certificate Registrar, at its principal trust office, as custodian, for the Depository, and registered in the name of the Depository
or the nominee of the Depository for the account of designated agents holding on behalf of Euroclear and/or Clearstream. Prior to the
expiration of the 40-day period commencing on the later of the commencement of the offering and the Closing Date (the “Restricted
Period”), beneficial interests in each Temporary Regulation S Book-Entry Certificate may be held only through Euroclear
or Clearstream. After the expiration of the Restricted Period, a beneficial interest in a Temporary Regulation S Book-Entry Certificate
may be exchanged for an interest in the related Regulation S Book-Entry Certificate in the applicable form set forth as an exhibit
hereto in accordance with the procedures set forth in Section 5.03(f). During the Restricted Period, distributions due in
respect of a beneficial interest in a Temporary Regulation S Book-Entry Certificate shall only be made upon delivery to the Certificate
Registrar by Euroclear or Clearstream, as applicable, of a Non-U.S. Beneficial Ownership Certification. After the expiration of the
Restricted Period, distributions due in respect of any beneficial interests in a Temporary Regulation S Book-Entry Certificate
shall not be made to the holders of such beneficial interests unless exchange for a beneficial interest in the Regulation S Book-Entry
Certificate of the same Class is improperly withheld or refused. The aggregate Certificate Balance of a Temporary Regulation S Book-Entry
Certificate or a Regulation S Book-Entry Certificate may from time to time be increased or decreased by adjustments made on the
records of the Certificate Registrar, as custodian for the Depository, as hereinafter provided.

On the Closing Date, the
Certificate Administrator shall execute, the Authenticating Agent shall authenticate, and the Certificate Administrator shall deliver
to the Certificate Registrar the Regulation S Book-Entry Certificates, which shall be held by the Certificate Registrar for purposes
of effecting the exchanges contemplated by the preceding paragraph. Computershare Trust Company, National Association is hereby initially
appointed the Authenticating Agent with the power to act, on the Trustee’s behalf, in the authentication and delivery of the Certificates
in connection with Transfers and exchanges as herein provided. If Computershare Trust Company, National Association is removed as Certificate
Administrator, then Computershare Trust Company, National Association shall be terminated as Authenticating Agent. If the Authenticating
Agent is terminated, the Trustee shall appoint a successor authenticating agent, which may be the Trustee or an Affiliate thereof.

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(b)                               Certificates of each Class of Non-Registered Certificates (other than the Class R Certificates and the Retained Certificates
during the Transfer Restriction Period) offered and sold to Qualified Institutional Buyers in reliance on Rule 144A under the
Act (“Rule 144A”) shall be represented by Rule 144A Book-Entry Certificates, which shall be deposited
with the Certificate Registrar or an agent of the Certificate Registrar, as custodian for the Depository, and registered in the name
of the Depository or a nominee of the Depository. The aggregate Certificate Balance of a Rule 144A Book-Entry Certificate
may from time to time be increased or decreased by adjustments made on the records of the Certificate Registrar, as custodian for the
Depository, as hereinafter provided.

(c)                                Certificates of each Class of Non-Registered Certificates that are initially offered and sold to investors that are Institutional
Accredited Investors that are not Qualified Institutional Buyers (together with the Class R Certificates and the Retained Certificates,
the “Non-Book Entry Certificates”) shall be in the form of Definitive Certificates, substantially in the applicable
form set forth as an exhibit hereto, and shall be registered in the name of such investors or their nominees by the Certificate Registrar
who shall deliver the certificates for such Non-Book Entry Certificates (other than the Retained Certificates) to the respective beneficial
owners or owners. For the avoidance of doubt, the Class R Certificates and the Retained Certificates shall only be in the form of
Definitive Certificates, and the Retained Certificates shall be issued in the form of Definitive Certificates at all times during the
Transfer Restriction Period.

(d)                               Owners of beneficial interests in Book-Entry Certificates of any Class shall not be entitled to receive physical delivery of
certificated Certificates unless: (i) the Depository advises the Certificate Registrar in writing that the Depository is no longer
willing or able to discharge properly its responsibilities as depository with respect to the Book-Entry Certificates of such Class
or ceases to be a Clearing Agency, and the Certificate Registrar and the Depository are unable to locate a qualified successor within
ninety (90) days of such notice or (ii) the Trustee has instituted or has been directed to institute any judicial proceeding to enforce
the rights of the Holders of such Class and the Trustee has been advised by counsel that in connection with such proceeding it is necessary
or appropriate for the Certificate Registrar to obtain possession of the Certificates of such Class; provided, however,
that under no circumstances will certificated Non-Registered Certificates be issued to beneficial owners of a Temporary Regulation S
Book-Entry Certificate. Upon notice of the occurrence of any of the events described in clause (i) or (ii) above
with respect to any Certificates of a Class that are in the form of Book-Entry Certificates and upon surrender by the Depository of
any Book-Entry Certificate of such Class and receipt from the Depository of instructions for re-registration, the Certificate
Registrar shall issue Certificates of such Class in the form of Definitive Certificates (bearing, in the case of a Definitive Certificate
issued for a Rule 144A Book-Entry Certificate, the same legends regarding Transfer restrictions borne by such Book-Entry
Certificate), and thereafter the Certificate Registrar shall recognize the Holders of such Definitive Certificates as Certificateholders
under this Agreement. Unless and until Definitive Certificates are issued in respect of a Class of Book-Entry Certificates, beneficial
Ownership Interests in such Class of Certificates will be maintained and transferred on the book entry records of the Depository and Depository
Participants, and all references to actions by Holders of such Class of Certificates will refer to action taken by the Depository upon
instructions received from the related registered Holders of Certificates through the Depository Participants in accordance with the Depository’s
procedures and, except as otherwise set forth herein, all references herein to payments, notices, reports and statements to Holders of
such Class

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of Certificates will refer to payments, notices,
reports and statements to the Depository or its nominee as the registered Holder thereof, for distribution to the related registered Holders
of Certificates through the Depository Participants in accordance with the Depository’s procedures.

(e)                                During the Transfer Restriction Period, the Retained Certificates shall only be held as Definitive Certificates in the Retained
Interest Safekeeping Account by the Certificate Administrator (and each Retaining Party’s respective interest shall be tracked in
the form of an entry in the Certificate Administrator’s trust accounting system under the Retained Interest Safekeeping Account),
for the benefit of the Holder of the related Certificate. The Certificate Administrator shall hold each Certificate evidencing the Retained
Certificates in safekeeping and shall release the same only upon receipt of written instructions from the holder of the Retained Certificates
and the Retaining Sponsor, and in accordance with any authentication procedures as may be utilized by the Certificate Administrator and
in accordance with this Agreement. There shall be, and hereby is, established by the Certificate Administrator an account which will be
designated the “Retained Interest Safekeeping Account” and into which the Retained Certificates shall be held and which shall
be governed by and subject to this Agreement. In addition, on and after the date hereof, the Certificate Administrator may establish any
number of subaccounts to the Retained Interest Safekeeping Account for each Retaining Party. The Retained Certificates to be delivered
in physical form to the Certificate Administrator shall be delivered as set forth herein. No amounts distributable to the Retained Certificates
shall be remitted to the Retained Interest Safekeeping Account, but shall be remitted directly to each Retaining Party in accordance with
written instructions provided separately by each Retaining Party to the Certificate Administrator. Under no circumstances by virtue of
safekeeping the Retained Certificates shall the Certificate Administrator be obligated to bring legal action or institute proceedings
against any person on behalf of the Retaining Parties. During the applicable Transfer Restriction Period and for such longer time as the
Retaining Parties may request, the Certificate Administrator shall hold the Definitive Certificates representing the Retained Certificates
at the below location, or any other location; provided the Certificate Administrator has given notice to each of the Retaining Parties
of such new location:

Computershare Trust Company, National Association

Attn: Security Control and Transfer (SCAT) – MAC N9345-010

425 E Hennepin Avenue

Minneapolis, MN 55414

On the Closing Date, the
Certificate Administrator shall deliver written confirmation to the Depositor, the Retaining Sponsor and the Retaining Parties substantially
in the form of Exhibit TT to this Agreement evidencing its receipt of the Retained Certificates.

The Certificate Administrator
shall make available to each Retaining Party its respective account information as mutually agreed upon by the Certificate Administrator
and the applicable Retaining Party, and in accordance with the Certificate Administrator’s policies and procedures. Any transfer
of a Retained Certificate shall be subject to this Section 5.02(e). During the applicable Transfer Restriction Period, unless
the Retaining Sponsor and the Depositor otherwise consent in writing, the Certificate Administrator shall not permit any Person to copy
(other than for internal purposes), and shall not itself provide to any Person copies of, the executed Certificates held by it in the
Retained Interest Safekeeping Account.

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Section 5.03                  Registration of Transfer and
Exchange of Certificates. (a) The Certificate Administrator shall keep or cause to be kept at the Corporate Trust Office
books (the “Certificate Register”) in which, subject to such reasonable regulations as it may prescribe, the
Certificate Administrator shall provide for the registration of Certificates and of Transfers and exchanges of Certificates as
herein provided (the Certificate Administrator, in such capacity, being the “Certificate Registrar”). In such
capacities, the Certificate Administrator shall be responsible for, among other things, (i) maintaining the Certificate
Register and a record of the aggregate holdings of Certificates of each Class of Non-Registered Certificates represented by a
Temporary Regulation S Book-Entry Certificate, a Regulation S Book-Entry Certificate and a Rule 144A
Book-Entry Certificate and accepting Certificates for exchange and registration of transfer, holding the Retained Certificates
as Definitive Certificates on behalf of each Holder of such Class and (ii) transmitting to the Depositor, the Master Servicer
and the Special Servicer any notices from the Certificateholders. No fee or service charge shall be imposed by the Certificate
Registrar for its services in respect of any registration of Transfer or exchange of any Certificate (other than Definitive
Certificates) referred to in this Section 5.03.

(b)                              Subject
to the restrictions on Transfer set forth in this Article V, upon surrender for registration of Transfer of any Certificate,
the Certificate Registrar shall execute, authenticate and deliver, in the name of the designated Transferee or Transferees, one or more
new Certificates in authorized denominations, in like aggregate interest and of the same Class.

(c)                                Rule 144A Book-Entry Certificate to Temporary Regulation S Book-Entry Certificate. If a holder of a beneficial
interest in the Rule 144A Book-Entry Certificate deposited with the Certificate Registrar as custodian for the Depository wishes
at any time during the Restricted Period to exchange its interest in such Rule 144A Book-Entry Certificate for an interest in
the Temporary Regulation S Book-Entry Certificate of the same Class, or to Transfer its interest in such Rule 144A Book-Entry
Certificate to a Person who is required to take delivery thereof in the form of an interest in the Temporary Regulation S Book-Entry
Certificate of the same Class, such holder may, subject to the rules and procedures of the Depository, exchange or cause the exchange
of such interest for an equivalent beneficial interest in such Temporary Regulation S Book-Entry Certificate. Upon receipt by
the Certificate Registrar, as registrar, at its office designated in Section 5.07 hereof, of (1) instructions given in
accordance with the Depository’s procedures from a Depository Participant directing the Certificate Registrar to credit, or cause
to be credited, a beneficial interest in the Temporary Regulation S Book-Entry Certificate in an amount equal to the beneficial
interest in the Rule 144A Book-Entry Certificate to be exchanged, (2) a written order given in accordance with the Depository’s
procedures containing information regarding the Euroclear or Clearstream account to be credited with such increase and the name of such
account and (3) a certificate in the form of Exhibit I hereto given by the holder of such beneficial interest stating
that the Transfer of such interest has been made in compliance with the Transfer restrictions applicable to the Book-Entry Certificates
and pursuant to and in accordance with Regulation S, then the Certificate Registrar shall instruct the Depository to reduce, or cause
to be reduced, the Certificate Balance of the Rule 144A Book-Entry Certificate and to increase, or cause to be increased, the
Certificate Balance of the Temporary Regulation S Book-Entry Certificate by the aggregate Certificate Balance of the beneficial
interest in the Rule 144A Book-Entry Certificate to be exchanged, to credit or cause to be credited to the account of the Person
specified in such instructions (who shall be the agent member of Euroclear or Clearstream, or both) a beneficial interest in the Temporary
Regulation S Book-Entry Certificate equal to the

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reduction in the Certificate Balance of the
Rule 144A Book-Entry Certificate, and to debit, or cause to be debited, from the account of the Person making such exchange or
Transfer the beneficial interest in the Rule 144A Book-Entry Certificate that is being exchanged or transferred.

(d)                               Rule 144A Book-Entry Certificate to Regulation S Book-Entry Certificate. If a holder of a beneficial interest
in the Rule 144A Book-Entry Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at any
time following the Restricted Period to exchange its interest in such Rule 144A Book-Entry Certificate for an interest in the
Regulation S Book-Entry Certificate of the same Class, or to Transfer its interest in such Rule 144A Book-Entry Certificate
to a Person who is required to take delivery thereof in the form of an interest in a Regulation S Book-Entry Certificate, such
holder may, subject to the rules and procedures of the Depository, exchange, or cause the exchange of, such interest for an equivalent
beneficial interest in such Regulation S Book-Entry Certificate. Upon receipt by the Certificate Registrar, as registrar, at
its office designated in Section 5.07 hereof, of (1) instructions given in accordance with the Depository’s procedures
from a Depository Participant directing the Certificate Registrar to credit or cause to be credited a beneficial interest in the Regulation S
Book-Entry Certificate in an amount equal to the beneficial interest in the Rule 144A Book-Entry Certificate to be exchanged,
(2) a written order given in accordance with the Depository’s procedures containing information regarding the participant account
of the Depository to be credited with such increase and (3) a certificate in the form of Exhibit J hereto given by the holder
of such beneficial interest stating (A) that the Transfer of such interest has been made in compliance with the Transfer restrictions
applicable to the Book-Entry Certificates and pursuant to and in accordance with Regulation S, or (B) that the Transferee
is otherwise entitled to hold its interest in the applicable Certificates in the form of an interest in the Regulation S Book-Entry
Certificate, without any registration of such Certificates under the Act (in which case such certificate shall enclose an Opinion of Counsel
to such effect and such other documents as the Certificate Registrar may reasonably require), then the Certificate Registrar shall instruct
the Depository to reduce, or cause to be reduced, the Certificate Balance of the Rule 144A Book-Entry Certificate and to increase,
or cause to be increased, the Certificate Balance of the Regulation S Book-Entry Certificate by the aggregate Certificate Balance
of the beneficial interest in the Rule 144A Book-Entry Certificate to be exchanged, to credit or cause to be credited to the
account of the Person specified in such instructions a beneficial interest in the Regulation S Book-Entry Certificate equal to
the reduction in the Certificate Balance of the Rule 144A Book-Entry Certificate, and to debit, or cause to be debited, from
the account of the Person making such exchange or Transfer the beneficial interest in the Rule 144A Book-Entry Certificate that
is being exchanged or transferred.

(e)                                Temporary Regulation S Book-Entry Certificate or Regulation S Book-Entry Certificate to Rule 144A Book-Entry
Certificate. If a holder of a beneficial interest in a Temporary Regulation S Book-Entry Certificate or Regulation S
Book-Entry Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at any time to exchange its
interest in such Temporary Regulation S Book-Entry Certificate or Regulation S Book-Entry Certificate for an interest
in the Rule 144A Book-Entry Certificate of the same Class, or to Transfer its interest in such Temporary Regulation S Book-Entry
Certificate or Regulation S Book-Entry Certificate to a Person who is required to take delivery thereof in the form of an interest
in the Rule 144A Book-Entry Certificate, such holder may, subject to the rules and procedures of Euroclear or Clearstream, as
the case may be, and the Depository, exchange or cause

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the exchange of such interest for an equivalent
beneficial interest in the Rule 144A Book-Entry Certificate of the same Class. Upon receipt by the Certificate Registrar, as
registrar, at its office designated in Section 5.07 hereof, of (1) instructions from Euroclear or Clearstream, if applicable,
and the Depository, directing the Certificate Registrar, as registrar, to credit or cause to be credited a beneficial interest in the
Rule 144A Book-Entry Certificate equal to the beneficial interest in the Temporary Regulation S Book-Entry Certificate
or Regulation S Book-Entry Certificate to be exchanged, such instructions to contain information regarding the participant account
with the Depository to be credited with such increase, (2) with respect to a Transfer of an interest in the Regulation S Book-Entry
Certificate, information regarding the participant account of the Depository to be debited with such decrease and (3) with respect
to a Transfer of an interest in the Temporary Regulation S Book-Entry Certificate for an interest in the Rule 144A Book-Entry
Certificate (i) during the Restricted Period, a certificate in the form of Exhibit K hereto given by the holder of such
beneficial interest and stating that the Person transferring such interest in the Temporary Regulation S Book-Entry Certificate
reasonably believes that the Person acquiring such interest in the Rule 144A Book-Entry Certificate is a Qualified Institutional
Buyer or (ii) after the Restricted Period, an Investment Representation Letter in the form of Exhibit C attached hereto
from the Transferee to the effect that such Transferee is a Qualified Institutional Buyer (an “Investment Representation Letter”)
and is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A, then the Certificate Registrar
shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance of the Temporary Regulation S Book-Entry
Certificate or Regulation S Book-Entry Certificate and to increase, or cause to be increased, the Certificate Balance of the
Rule 144A Book-Entry Certificate by the aggregate Certificate Balance of the beneficial interest in the Temporary Regulation S
Book-Entry Certificate or Regulation S Book-Entry Certificate to be exchanged, and the Certificate Registrar shall instruct
the Depository, concurrently with such reduction, to credit, or cause to be credited, to the account of the Person specified in such instructions,
a beneficial interest in the Rule 144A Book-Entry Certificate equal to the reduction in the Certificate Balance of the Temporary
Regulation S Book-Entry Certificate or Regulation S Book-Entry Certificate and to debit, or cause to be debited, from
the account of the Person making such Transfer the beneficial interest in the Temporary Regulation S Book-Entry Certificate or
Regulation S Book-Entry Certificate that is being transferred.

(f)                                  Temporary Regulation S Book-Entry Certificate to Regulation S Book-Entry Certificate. Interests in a Temporary
Regulation S Book-Entry Certificate as to which the Certificate Registrar has received from Euroclear or Clearstream, as the
case may be, a certificate (a “Non-U.S. Beneficial Ownership Certification”) to the effect that Euroclear or Clearstream,
as applicable, has received a certificate substantially in the form of Exhibit L hereto from the holder of a beneficial interest
in such Temporary Regulation S Book-Entry Certificate, shall be exchanged after the Restricted Period, for interests in the Regulation S
Book-Entry Certificate of the same Class. The Certificate Registrar shall effect such exchange by delivering to the Depository for
credit to the respective accounts of such holders, a duly executed and authenticated Regulation S Book-Entry Certificate, representing
the aggregate Certificate Balance of interests in the Temporary Regulation S Book-Entry Certificate initially exchanged for interests
in the Regulation S Book-Entry Certificate. The delivery to the Certificate Registrar by Euroclear or Clearstream of the certificate
or certificates referred to above may be relied upon by the Depositor and the Certificate Registrar as conclusive evidence that the certificate
or certificates referred to therein has or have been delivered to Euroclear or Clearstream pursuant to the terms of

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this Agreement and the Temporary Regulation S
Book-Entry Certificate. Upon any exchange of interests in the Temporary Regulation S Book-Entry Certificate for interests
in the Regulation S Book-Entry Certificate, the Certificate Registrar shall endorse the Temporary Regulation S Book-Entry
Certificate to reflect the reduction in the Certificate Balance represented thereby by the amount so exchanged and shall endorse the Regulation S
Book-Entry Certificate to reflect the corresponding increase in the amount represented thereby. Until so exchanged in full and except
as provided therein, the Temporary Regulation S Book-Entry Certificate, and the Certificates evidenced thereby, shall in all
respects be entitled to the same benefits under this Agreement as the Regulation S Book-Entry Certificate and Rule 144A
Book-Entry Certificate authenticated and delivered hereunder.

(g)                               Non-Book Entry Certificate to Book-Entry Certificate. If a holder of a Non-Book Entry Certificate (other than
(a) a Class R Certificate or (b) any Retained Certificate during the applicable Transfer Restriction Period) wishes at any time to
exchange its interest in such Non-Book Entry Certificate for an interest in a Book-Entry Certificate of the same Class, or to
Transfer all or part of such Non-Book Entry Certificate to a Person who is entitled to take delivery thereof in the form of an interest
in a Book-Entry Certificate, such holder may, subject to the rules and procedures of Euroclear or Clearstream, if applicable, and
the Depository, cause the exchange of all or part of such Non-Book Entry Certificate for an equivalent beneficial interest in the
appropriate Book-Entry Certificate of the same Class. Upon receipt by the Certificate Registrar, as registrar, at its office designated
in Section 5.07 hereof, of (1) such Non-Book Entry Certificate, duly endorsed as provided herein, (2) instructions
from such holder directing the Certificate Registrar, as registrar, to credit, or cause to be credited, a beneficial interest in the applicable
Book-Entry Certificate equal to the portion of the Certificate Balance of the Non-Book Entry Certificate to be exchanged, such
instructions to contain information regarding the participant account with the Depository to be credited with such increase and (3) a
certificate in the form of Exhibit M hereto (in the event that the applicable Book-Entry Certificate is the Temporary
Regulation S Book-Entry Certificate), in the form of Exhibit N hereto (in the event that the applicable Book-Entry
Certificate is the Regulation S Book-Entry Certificate) or in the form of Exhibit O hereto (in the event that the
applicable Book-Entry Certificate is the Rule 144A Book-Entry Certificate), then the Certificate Registrar, as registrar,
shall cancel, or cause to be canceled, all or part of such Non-Book Entry Certificate, shall, if applicable, execute, authenticate
and deliver to the Transferor a new Non-Book Entry Certificate equal to the aggregate Certificate Balance of the portion retained
by such Transferor and shall instruct the Depository to increase, or cause to be increased, such Book-Entry Certificate by the aggregate
Certificate Balance of the portion of the Non-Book Entry Certificate to be exchanged and to credit, or cause to be credited, to the
account of the Person specified in such instructions a beneficial interest in the applicable Book-Entry Certificate equal to the Certificate
Balance of the portion of the Non-Book Entry Certificate so canceled. Upon the written direction of the Depositor (which may be by
email to cts.cmbs.bond.admin@wellsfargo.com) or its Affiliate, the Certificate Registrar shall execute any instrument as may be reasonably
required by the Depository to effect such exchange.

(h)                               Non-Book Entry Certificates on Initial Issuance Only. Subject to the issuance of Definitive Certificates, if and when
permitted by Section 5.02(d), and subject to the issuance and transfer of the Retained Certificates during the applicable
Transfer Restriction Period in accordance with Section 5.03(i), no Non-Book Entry Certificate shall be issued to a Transferee
of an interest in any Rule 144A Book-Entry Certificate, Temporary Regulation S Book-Entry

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Certificate or Regulation S Book-Entry
Certificate or to a Transferee of a Non-Book Entry Certificate (or any portion thereof).

(i)                                   Transfers of Retained Certificates. At all times during the applicable Transfer Restriction Period, if a Transfer of any
Retained Certificate after the Closing Date is to be made, then, upon receipt of: (i) a certification from such Certificateholder’s
prospective Transferee substantially in the form attached hereto as Exhibit D-3, with respect to the Class RR Certificates,
or Exhibit D-5, with respect to the RR Interest, as applicable, which such certification must be countersigned by the
Retaining Sponsor, (ii) a certification from the Certificateholder desiring to effect such transfer substantially in the form attached
hereto as Exhibit D-4, with respect to the Class RR Certificates, or Exhibit D-6, with respect to the RR Interest,
as applicable, which such certification must be countersigned by the Retaining Sponsor, (iii) a W-9 completed by the Transferee and (iv)
wire instructions and contact information of the Transferee, the Certificate Administrator (which may conclusively rely upon such certifications)
shall instruct the Certificate Registrar to register such Transfer.  Upon receipt of the Certificate Administrator’s instruction,
the Certificate Registrar shall, subject to Section 5.02(e) and Section 5.03(a), register the Transfer of the
Retained Certificate and reflect such Retained Certificate in the name of the prospective Transferee and shall deliver written confirmation
substantially in the form of Exhibit TT to this Agreement. The Certificate Registrar shall not register a Transfer of any Retained
Certificate after the Closing Date during the applicable Transfer Restriction Period unless it is so instructed by the Certificate Administrator.
After the termination of the applicable Transfer Restriction Period, if a transfer of the Retained Certificates is to be made and the
Retained Certificates are in the Retained Interest Safekeeping Account, then upon receipt of: (i) a certification from such Certificateholder’s
prospective Transferee substantially in the form attached hereto as Exhibit D-3 or Exhibit D-5, as applicable,
which such certification must be countersigned by the Retaining Sponsor and (ii) a certification from the Certificateholder desiring to
effect such transfer substantially in the form attached hereto as Exhibit D-4 or Exhibit D-6, which such certification
must be countersigned by the Retaining Sponsor, the Certificate Administrator (which may conclusively rely upon such certifications) shall
instruct the Certificate Registrar to register such Transfer, and upon receipt of the Certificate Administrator’s instruction, the
Certificate Registrar shall register the Transfer of the Retained Certificate and reflect such Retained Certificate in the name of the
prospective Transferee. After the termination of the applicable Transfer Restriction Period, if a transfer of the Retained Certificates
is to be made and the Retained Certificates are in the Retained Interest Safekeeping Account, the Certificate Registrar shall not register
a Transfer of any Retained Certificate unless it is so instructed by the Certificate Administrator. For the avoidance of doubt, in no
event shall a Retained Certificate be held as a Book-Entry Certificate during the applicable Transfer Restriction Period. After the applicable
Transfer Restriction Period, the Retained Certificates may be transferred subject to the restrictions on transfer set forth in this Article V.
Any transfer of an interest in the Retained Certificates that is not in compliance with this Section 5.03 shall be null and
void ab initio to the extent permitted under applicable law.

(j)                                   Other Exchanges. In the event that a Book-Entry Certificate is exchanged for a Definitive Certificate, such Certificates
may be exchanged only in accordance with such procedures as are substantially consistent with the provisions of subsections (c)
through (f) above (including the certification requirements intended to ensure that such Transfers comply with

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Rule 144A or Regulation S under the
Act, at the case may be) and such other procedures as may from time to time be adopted by the Certificate Registrar.

(k)                                Restricted Period. Prior to the termination of the Restricted Period with respect to the issuance of the Certificates, Transfers
of interests in the Temporary Regulation S Book-Entry Certificate to U.S. persons (as defined in Regulation S) shall be
limited to Transfers made pursuant to the provisions of subsection (e) above.

(l)                                   If Non-Registered Certificates are issued upon the Transfer, exchange or replacement of Certificates bearing a restrictive
legend relating to compliance with the Act, or if a request is made to remove such legend on Certificates, the Non-Registered Certificates
so issued shall bear the restrictive legend, or such legend shall not be removed, as the case may be, unless there is delivered to the
Certificate Registrar such satisfactory evidence, which may include an Opinion of Counsel that neither such legend nor the restrictions
on Transfer set forth therein are required to ensure that Transfers thereof comply with the provisions of Rule 144A or Regulation S
under the Act. Upon provision of such satisfactory evidence, the Certificate Registrar shall authenticate and deliver Certificates that
do not bear such legend.

(m)                             All Certificates surrendered for registration of Transfer and exchange shall be canceled and subsequently destroyed by the Certificate
Registrar in accordance with the Certificate Registrar’s customary procedures.

(n)                               With respect to the ERISA Restricted Certificates, no sale, Transfer, pledge or other disposition (other than any initial Transfer
to the Initial Purchasers or with respect to the Retained Certificates, the Retaining Parties) of any such Certificate shall be made unless
the Trustee and Certificate Administrator shall have received either (i) a representation letter from the proposed purchaser or Transferee
of such Certificate substantially in the form of Exhibit F-1 attached hereto, to the effect that such proposed purchaser
or Transferee is not (A) an employee benefit plan or other plan subject to the fiduciary responsibility provisions of ERISA, or to
Section 4975 of the Code, or a governmental plan (as defined in Section 3(32) of ERISA) or other plan subject to any federal,
state or local law (“Similar Law”) which is, to a material extent, similar to the foregoing provisions of ERISA or
the Code (each a “Plan”) or (B) a person acting on behalf of or using the assets of any such Plan (including an
entity whose underlying assets include Plan assets by reason of investment in the entity by such a Plan or Plans and the application of
Department of Labor Regulation § 2510.3-101, as modified by Section 3(42) of ERISA), other than an insurance company
using the assets of its general account under circumstances whereby the purchase and holding of such Certificates by such insurance company
will be exempt from the prohibited transaction provisions of ERISA and the Code under Sections I and III of Prohibited Transaction
Class Exemption 95-60 (or, in the case of a Plan subject to Similar Law, where the purchase, holding and disposition of the Certificate
by such Plan will not constitute or result in a non-exempt violation of applicable Similar Law) or (ii) if such Certificate which
may be held only by a person not described in clauses (A) or (B) above, is presented for registration in the name of
a purchaser or Transferee that is any of the foregoing, an Opinion of Counsel in form and substance satisfactory to the Trustee, the Certificate
Administrator and the Depositor to the effect that the acquisition and holding of such Certificate by such purchaser or Transferee will
not constitute or result in a non-exempt “prohibited transaction” within the meaning of ERISA or Section 4975 of
the Code or a non-exempt violation of any Similar Law, and will not subject the Trustee, the

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Certificate Administrator, the Master Servicer,
the Special Servicer (including, for the avoidance of doubt, any Excluded Special Servicer), any sub-servicer, the Initial Purchasers,
the Underwriters, the Asset Representations Reviewer, the Operating Advisor or the Depositor to any obligation or liability (including
obligations or liabilities under ERISA, Section 4975 of the Code or any such Similar Law) in addition to those set forth in the Agreement.
The Certificate Registrar shall not register the sale, Transfer, pledge or other disposition of any ERISA Restricted Certificate unless
the Trustee and Certificate Administrator have received either the representation letter described in clause (i) above or
the Opinion of Counsel described in clause (ii) above. The costs of any of the foregoing representation letters or Opinions
of Counsel shall not be borne by any of the Depositor, the Master Servicer, the Special Servicer (including, for the avoidance of doubt,
any Excluded Special Servicer), any sub-servicer, the Trustee, the Certificate Administrator, the Initial Purchasers, the Underwriters,
the Operating Advisor, the Asset Representations Reviewer or the Trust. Each Certificate Owner of an ERISA Restricted Certificate shall
be deemed to represent that it is not a Person specified in clauses (i)(A) or (i)(B) above. Any Transfer, sale, pledge
or other disposition of any ERISA Restricted Certificates that would constitute or result in a prohibited transaction under ERISA, Section 4975
of the Code or any Similar Law, or would otherwise violate the provisions of this Section 5.03(n) shall be deemed absolutely
null and void ab initio, to the extent permitted under applicable law.

(o)                               No Class R Certificate or the RR Interest may be purchased by or transferred to any prospective purchaser or Transferee that is
or will be a Plan, or any person acting on behalf of a Plan or using the assets of a Plan (including an entity whose underlying assets
include Plan assets by reason of investment in the entity by such a Plan or Plans and the application of Department of Labor Regulation
§ 2510.3-101, as modified by Section 3(42) of ERISA) to purchase such Class R Certificate or the RR Interest. Each prospective
Transferee of a Class R or Certificate or the RR Interest shall deliver to the Transferor and the Certificate Administrator a representation
letter, substantially in the form of Exhibit F-2, stating that the prospective Transferee is not a Plan or a person acting
on behalf of or using the assets of a Plan (including an entity whose underlying assets include Plan assets by reason of investment in
the entity by such a Plan or Plans and the application of Department of Labor Regulation § 2510.3-101, as modified by Section 3(42)
of ERISA). Each Holder of a Class R Certificate or the RR Interest shall be deemed to represent that it is not and will not become a Person
specified in the second preceding sentence. Any attempted or purported Transfer in violation of these Transfer restrictions shall be null
and void ab initio and shall vest no rights in any purported Transferee and shall not relieve the Transferor of any obligations
with respect to the applicable Certificates or the RR Interest.

(p)                               Each Person who has or acquires any Residual Ownership Interest shall be deemed by the acceptance or acquisition of such Residual
Ownership Interest to have agreed to be bound by the following provisions and the rights of each Person acquiring any Residual Ownership
Interest are expressly subject to the following provisions:

(i)                                   Each Person acquiring or holding any Residual Ownership Interest shall be a Permitted Transferee and shall not acquire or hold
such Residual Ownership Interest as agent (including a broker, nominee or other middleman) on behalf of any Person that is not a Permitted
Transferee. Any such Person shall promptly notify the Certificate Registrar of any change or impending change in its status (or the status
of the beneficial owner of such Residual Ownership Interest) as a Permitted Transferee. Any acquisition described in the

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first sentence of this Section 5.03(n)
by a Person who is not a Permitted Transferee or by a Person who is acting as an agent of a Person who is not a Permitted Transferee shall
be void ab initio and of no effect, and the immediately preceding owner who was a Permitted Transferee shall be restored to registered
and beneficial ownership of the Residual Ownership Interest as soon and as fully as possible.

(ii)                                No Residual Ownership Interest may be Transferred, and no such Transfer shall be registered in the Certificate Register, without
the express written consent of the Certificate Registrar, and the Certificate Registrar shall not recognize the Transfer, and such proposed
Transfer shall not be effective, without such consent with respect thereto. In connection with any proposed Transfer of any Residual Ownership
Interest, the Certificate Registrar shall, as a condition to such consent, (x) require the proposed Transferee to deliver, and the
proposed Transferee shall deliver to the Certificate Registrar and to the proposed Transferor, an affidavit in substantially the form
attached as Exhibit D-1 (a “Transferee Affidavit”) of the proposed Transferee (A) that such proposed
Transferee is a Permitted Transferee and (B) stating that (1) the proposed Transferee historically has paid its debts as they
have come due and intends to do so in the future, (2) the proposed Transferee understands that, as the holder of a Residual Ownership
Interest, it may incur liabilities in excess of cash flows generated by the residual interest, (3) the proposed Transferee intends
to pay taxes associated with holding the Residual Ownership Interest as they become due, (4) the proposed Transferee will not cause
income with respect to the Residual Ownership Interest to be attributable to a foreign permanent establishment or fixed base, within the
meaning of an applicable income tax treaty, of such proposed Transferee or any other U.S. Tax Person, (5) the proposed Transferee
will not Transfer the Residual Ownership Interest to any Person that does not provide a Transferee Affidavit or as to which the proposed
Transferee has actual knowledge that such Person is not a Permitted Transferee or is acting as an agent (including a broker, nominee or
other middleman) for a Person that is not a Permitted Transferee, and (6) the proposed Transferee expressly agrees to be bound by
and to abide by the provisions of this Section 5.03(n) and (y) other than in connection with the initial issuance of
a Class R Certificate, require a statement from the proposed Transferor substantially in the form attached as Exhibit D-2
(the “Transferor Letter”), that the proposed Transferor has no actual knowledge that the proposed Transferee is not
a Permitted Transferee and has no actual knowledge or reason to know that the proposed Transferee’s statements therein are false.

(iii)                             Notwithstanding the delivery of a Transferee Affidavit by a proposed Transferee under clause (ii) above, if a Responsible
Officer of the Certificate Registrar has actual knowledge that the proposed Transferee is not a Permitted Transferee, no Transfer to such
proposed Transferee shall be effected and such proposed Transfer shall not be registered on the Certificate Register; provided,
however, the Certificate Registrar shall not be required to conduct any independent investigation to determine whether a proposed
Transferee is a Permitted Transferee. Upon notice to the Certificate Registrar that there has occurred a Transfer to any Person that is
a Disqualified Organization or an agent thereof (including a broker, nominee or middleman) in contravention of the foregoing restrictions,
and in any event not later than sixty (60) days after a request for information from the Transferor of such Residual Ownership Interest
or such agent, the Certificate Registrar agrees to furnish to the Internal Revenue Service and the Transferor of such Residual

    	 	335	 

    

    

Ownership Interest or such agent such
information necessary to the application of Section 860E(e) of the Code as may be required by the Code, including, but not limited
to, the present value of the total anticipated excess inclusions with respect to such Class R Certificate (or portion thereof) for
periods after such Transfer. At the election of the Certificate Registrar, the Certificate Registrar may charge a reasonable fee for computing
and furnishing such information to the Transferor or to such agent referred to above; provided, however, that such Persons
shall in no event be excused from furnishing such information.

(q)                               The Class R Certificates may only be transferred to and owned by Qualified Institutional Buyers.

(r)                                  Notwithstanding any other provision of this Agreement, the Certificate Administrator shall comply with all federal withholding
requirements respecting payments to Certificateholders and the RR Interest Owners and other payees of interest or original issue discount
that the Certificate Administrator reasonably believes are applicable under the Code. The consent of Certificateholders and the RR Interest
Owners or payees shall not be required for such withholding, and the Certificateholders and the RR Interest Owners shall be required to
provide the Certificate Administrator with such forms and such other information reasonably required by the Certificate Administrator.
If the Certificate Administrator does withhold any amount from interest or original issue discount payments or advances thereof to any
Certificateholder or any RR Interest Owner or payee pursuant to federal withholding requirements, the Certificate Administrator shall
indicate the amount withheld to such Person. Such amounts shall be deemed to have been distributed to such Persons for all purposes of
this Agreement.

(s)                                No Person shall be permitted to own, directly or indirectly, any interest in the RR Interest other than JPMCB or one of its Majority-Owned
Affiliates that is not a Non-Exempt Person. If an RR Interest Owner wishes to transfer its portion of the RR Interest, such RR Interest
Owner shall notify the Certificate Administrator in writing of such transfer and identify the new RR Interest Owner. The Certificate Administrator
shall register the ownership of the RR Interest on a registry of ownership maintained by the Certificate Administrator. Any transfer of
the RR Interest or a portion thereof (including to a Majority-Owned Affiliate) shall be null and void ab initio to the extent permitted
under applicable law unless all of the following is provided to the Certificate Administrator (i) the transferor of an RR Interest
has executed and delivered to the Certificate Administrator a certification in the form of Exhibit D-6 hereto, which such certification
is countersigned by the Retaining Sponsor with a medallion stamp guarantee of the Retaining Sponsor and countersigned by the Depositor
and (ii) the transferee of the RR Interest has executed and delivered to the Certificate Administrator a certification in the form of
Exhibit D-5 hereto, which certification is countersigned by the Retaining Sponsor with a medallion stamp guarantee of the Retaining
Sponsor and countersigned by the Depositor and shall include wiring instructions and contact information for such transferee. Notwithstanding
anything else in this Agreement to the contrary, no Person shall have any rights hereunder with respect to the RR Interest unless in
the case of JPMCB or its Majority-Owned Affiliate, such Person is identified in writing to the Certificate Administrator as being an RR
Interest Owner, or (iii) in the case of any subsequent transferee, such Person is identified as being an RR Interest Owner on the
ownership registry. The Certificate Administrator, the other parties to this Agreement and the Certificateholders shall be entitled to
treat the RR Interest Owners (in the case of any subsequent

    	 	336	 

    

    

RR Interest Owner, as recorded on such ownership
registry) as the owners in fact thereof for all purposes and shall not be bound to recognize any equitable or other claim to or interest
in the RR Interest on the part of any other Person. Any transfer of an interest in the RR Interest that is not in compliance with this
Section 5.03(s) or Section 5.03(o) shall be null and void ab initio to the extent permitted under applicable
law.

(t)                                  JPMCB represents, and any subsequent RR Interest Owner shall be deemed by virtue of its acceptance of the RR Interest to represent,
to the Trust and the Certificate Administrator (for the benefit of the Mortgagors) that it is not a Non-Exempt Person. Contemporaneously
with the execution of this Agreement and from time to time as necessary during the term of the Agreement, each RR Interest Owner shall
deliver to the Certificate Administrator evidence satisfactory to the Certificate Administrator substantiating that it is not a Non-Exempt
Person and that the Certificate Administrator is not obligated under applicable law to withhold taxes on sums paid to it with respect
to the Mortgage Loans or otherwise under this Agreement. Without limiting the effect of the foregoing, (a) if an RR Interest Owner
is created or organized under the laws of the United States, any state thereof or the District of Columbia, it shall satisfy the requirements
of the preceding sentence by furnishing to the Certificate Administrator an Internal Revenue Service Form W-9 and (b) if an RR Interest
Owner is not created or organized under the laws of the United States, any state thereof or the District of Columbia, and if the payment
of interest or other amounts by the Mortgagors is treated for United States income tax purposes as derived in whole or part from sources
within the United States, such RR Interest Owner shall satisfy the requirements of the preceding sentence by furnishing to the Certificate
Administrator an Internal Revenue Service Form W-8ECI, Form W-8IMY (with appropriate attachments) or Form W-8BEN, or successor forms,
as may be required from time to time, duly executed by such RR Interest Owner, as evidence of such RR Interest Owner’s exemption
from the withholding of United States tax with respect thereto. The Certificate Administrator shall not be obligated to make any payment
hereunder to the RR Interest Owners in respect of the RR Interest or otherwise until each RR Interest Owner shall have furnished to the
Certificate Administrator the forms, certificates, statements or documents required by this Section 5.03(t).

(u)                               In
addition, each purchaser of Certificates that is a Plan subject to ERISA or Section 4975 of the Code (an “ERISA Plan”)
or is acting on behalf of or using the assets of an ERISA Plan will be deemed to have represented and warranted that (i) none of the
Depositor, the Trustee, the Certificate Administrator, the Trust Fund, any Initial Purchaser, any Underwriter, the Master Servicer, the
Special Servicer (including, for the avoidance of doubt, any Excluded Special Servicer), the Operating Advisor, the Asset Representations
Reviewer or any of their respective affiliated entities, has provided any investment recommendation or investment advice on which the
ERISA Plan or the fiduciary making the investment decision for the ERISA Plan has relied in connection with the decision to acquire any
such Certificates, and they are not acting as a fiduciary (within the meaning of Section 3(21) of ERISA or Section 4975(e)(3) of the
Code) to the ERISA Plan in connection with the ERISA Plan’s acquisition of any such Certificates (unless an applicable prohibited
transaction exemption (the conditions of which are satisfied) is available to cover the purchase or holding of the Certificates or the
transaction is not otherwise prohibited) and (ii) the ERISA Plan fiduciary making the decision to acquire such Certificates is exercising
its own independent judgment in evaluating the investment in such Certificate.

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Section 5.04             Mutilated, Destroyed, Lost or
Stolen Certificates. If (a) any mutilated Certificate is surrendered to the Certificate Registrar, or the Certificate
Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Certificate and (b) there is
delivered to the Certificate Registrar such security or indemnity as may be required by it to save it harmless, then, in the absence
of actual notice to the Certificate Registrar that such Certificate has been acquired by a bona fide purchaser, the Certificate
Registrar shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen
Certificate, a new Certificate of like tenor and interest in the Trust. In connection with the issuance of any new Certificate under
this Section 5.04, the Certificate Registrar may require the payment of a sum sufficient to cover any expenses
(including the fees and expenses of the Certificate Registrar) connected therewith. Any replacement Certificate issued pursuant to
this Section 5.04 shall constitute complete and indefeasible evidence of ownership in the Trust, as if originally
issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

Section 5.05                   Persons Deemed Owners. The Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Certificate
Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered as the owner of such Certificate
for the purpose of receiving distributions as provided in this Agreement and for all other purposes whatsoever, and none of the Master
Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Certificate Registrar, nor any agent of any of them shall
be affected by any notice to the contrary; provided, however, that to the extent that a party to this Agreement responsible
for distributing any report, statement or other information required to be distributed to Certificateholders or the RR Interest Owners
has been provided an Investor Certification, such party to this Agreement shall distribute such report, statement or other information
to such beneficial owner (or prospective Transferee).

Section 5.06                   Access to List of Certificateholders’ Names and Addresses; Special Notices. (a) The Certificate Registrar shall
maintain in as current form as is reasonably practicable the most recent list available to it of the names and addresses of the Certificateholders.
If any Certificateholder that has provided an Investor Certification (i) requests in writing from the Certificate Registrar a list
of the names and addresses of Certificateholders, (ii) states that such Certificateholder desires to communicate with other Certificateholders
with respect to its rights under this Agreement or under the Certificates and (iii) provides a copy of the communication which Certificateholder
proposes to transmit, then the Certificate Registrar shall, within ten (10) Business Days after the receipt of such request, afford such
Certificateholder (at such Certificateholder’s sole cost and expense) access during normal business hours to a current list of the
Certificateholders related to the Class of Certificates held by such Certificateholder. Every Certificateholder, by receiving and holding
a Certificate, agrees that the Certificate Registrar shall not be held accountable by reason of the disclosure of any such information
as to the list of the Certificateholders or the identity of the Directing Certificateholder hereunder, regardless of the source from which
information was derived. The Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor
and the Depositor shall be entitled to a list of the names and addresses of Certificateholders from time to time upon request therefor.

(b)                               (i) The Certificate Administrator shall include in any Form 10-D any written request received in accordance with Section 11.04(a)
prior to the Distribution Date to which the Form 10-D relates (and on or after the Distribution Date preceding such Distribution

    	 	338	 

    

    

Date) from a Certificateholder or Certificate
Owner to communicate with other Certificateholders or Certificate Owners related to Certificateholders or Certificate Owners exercising
their rights under the terms of this Agreement. Any Form 10-D containing such disclosure (a “Special Notice”) regarding
the request to communicate shall include the following and no more than the following (a) the name of the Certificateholder or Certificate
Owner making the request, (b) the date the request was received, (c) a statement to the effect that the Certificate Administrator
has received such request, stating that such Certificateholder or Certificate Owner is interested in communicating with other Certificateholders
or Certificate Owners with regard to the possible exercise of rights under this Agreement, and (d) a description of the method other
Certificateholders or Certificate Owners may use to contact the requesting Certificateholder or Certificate Owner.

(ii)                                In verifying the identity of any Certificateholder or Certificate Owner in connection with any request to communicate, (i) if
the Certificateholder or Certificate Owner is the holder of record with respect to any Certificate, the Certificate Administrator shall
not require any further verification or (ii) if the Certificateholder or Certificate Owner is not the holder of record with respect
to any Certificate, the Certificate Administrator shall require no more than (x) a written certification from such Certificateholder
or Certificate Owner that it is the beneficial owner of a Certificate and (y) another document confirming ownership of such Certificate
(e.g., trade confirmation, account statement, or a letter from a broker-dealer). The Certificate Administrator shall not have any
obligation to verify the information provided by any Certificateholder or Certificate Owner in any request to communicate and may rely
on such information conclusively. Additionally, any expenses the Certificate Administrator incurs in connection with any request to communicate
shall be paid by the Trust.

Section 5.07                   Maintenance of Office or Agency. The Certificate Registrar shall maintain or cause to be maintained an office or offices
or agency or agencies where Certificates may be surrendered for registration of Transfer or exchange and where notices and demands to
or upon the Certificate Registrar in respect of the Certificates and this Agreement may be served. The Certificate Registrar initially
designates its office at 600 South 4th Street, 7th Floor, MAC N9300-070, Minneapolis, Minnesota 55415-0113 as its
office for such purposes. The Certificate Registrar shall give prompt written notice to the Certificateholders, the RR Interest Owners
and the Mortgagors of any change in the location of the Certificate Register or any such office or agency.

Section 5.08                   Appointment of Certificate Administrator. (a) Computershare Trust Company, National Association is hereby initially
appointed Certificate Administrator in accordance with the terms of this Agreement. If the Certificate Administrator resigns or is terminated,
the Trustee shall appoint a successor certificate administrator which may be the Trustee or an Affiliate thereof to fulfill the obligations
of the Certificate Administrator hereunder which must satisfy the eligibility requirements set forth in Section 8.06.

(b)                               The Certificate Administrator may rely upon and shall be protected in acting or refraining from acting upon any resolution, Officer’s
Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order,
Appraisal,

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bond or other paper or document reasonably
believed by it to be genuine and to have been signed or presented by the proper party or parties.

(c)                                The Certificate Administrator, at the expense of the Trust (but only if such amount constitutes “unanticipated expenses incurred
by the REMIC” within the meaning of Treasury Regulations Section 1.860G-1(b)(3)(ii)), may consult with counsel and the
advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken
or suffered or omitted by it hereunder in good faith and in accordance therewith.

(d)                               The Certificate Administrator shall not be personally liable for any action reasonably taken, suffered or omitted by it in good
faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement.

(e)                                The Certificate Administrator may execute any of the trusts or powers hereunder or perform any duties hereunder either directly
or by or through agents, affiliates or attorneys; provided, however, that the appointment of such agents, affiliates or
attorneys shall not relieve the Certificate Administrator of its duties or obligations hereunder.

(f)               
The Certificate Administrator shall not be responsible for any act or omission of the Trustee, the Master Servicer, the Special
Servicer or the Depositor.

Section 5.09                  [Reserved].

Section 5.10                   Voting Procedures for Certificates. With respect to any matters submitted to Certificateholders for a vote, the Certificate
Administrator shall administer such vote through the Depository with respect to Book-Entry Certificates and directly with registered Holders
by mail with respect to Definitive Certificates. In each case, such vote shall be administered in accordance with the following procedures,
unless different procedures are otherwise described herein with respect to a specific vote:

(a)              
Any matter submitted to Certificateholders for a vote shall be announced in a notice prepared by the Certificate Administrator.
Such notice shall include the record date determined by the Certificate Administrator for purposes of the vote and a voting deadline which
shall be no less than thirty (30) days and no later than sixty (60) days after the date such notice is distributed. The notice and related
ballot shall be sent to Holders of Book-Entry Certificates through the Depository and by mail to the registered Holders of Definitive
Certificates. In addition, the notice and related ballot shall be posted to the Certificate Administrator’s Website. Notices delivered
in this manner shall be considered delivered to all Holders regardless of whether any Holder actually receives the notice and ballot.

(b)              
In connection with any vote administered pursuant to this Agreement, voting Holders shall be required to certify their holdings
in the manner set forth on the ballot, unless a specific manner is otherwise provided herein. Holders may only vote in accordance with
their Voting Rights. Voting Rights with respect to any outstanding Class of Certificates shall be calculated by the Certificate Administrator
in accordance with the definition of Voting Rights as of the record date for the vote. Only Classes with an outstanding Certificate Balance
greater than zero as of the record date of the vote shall be permitted to vote. Once a Holder has cast its vote,

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the vote may be changed or retracted on or
before the vote deadline. Any changes or retractions shall be communicated by the Certificateholder to the Certificate Administrator in
writing on a ballot. After the vote deadline has passed, votes may not be changed or retracted by any Holder unless the Holder wishing
to change or retract its vote holds a sufficient portion of the Voting Rights such that the Holder, by its vote alone, could approve or
deny the proposition subject to a vote without taking into consideration the votes cast by any other Holder. Transferees or purchasers
of any Class of Certificates are subject to and shall be bound by all votes of Holders initiated or conducted prior to its acquisition
of such Certificate.

(c)                                The Certificate Administrator may take up to fifteen (15) Business Days to tabulate the results of any vote. The Certificate Administrator
shall use its reasonable efforts to resolve any illegible or incomplete ballots received prior to the voting deadline. Illegible or incomplete
ballots that are received on the voting deadline or that cannot be resolved by the voting deadline shall not be counted. Promptly after
the votes are tabulated, the Certificate Administrator shall prepare a notice announcing the results of the vote. Such notice shall include
the percentage of Voting Rights in favor of the proposition, the percentage against the proposition and the percentage abstaining. In
addition, the notice will announce whether the proposition has been adopted by Certificateholders. The notice shall be distributed in
accordance with the methods described in Section 5.10(a) above. The Certificate Administrator shall also include such notice
on the Form 10-D prepared in connection with the distribution period that corresponds with the date such notice is distributed. All vote
tabulations shall be final and the Certificate Administrator shall not, absent manifest error, re-tabulate the votes or conduct a new
vote for the same proposition.

(d)                               Any and all reasonable expenses incurred by the Certificate Administrator in connection with administering any vote shall be borne
by the Trust. The Certificate Administrator is under no obligation to advise Holders about the matter being voted on or answer questions
other than process-related questions regarding the administration of the vote.

(e)                                   If any party to this Agreement believes a vote of Certificateholders is needed for some matter related to the administration of
the Trust that is not specifically contemplated herein, such party may request the Certificate Administrator to conduct a vote and the
Certificate Administrator will conduct the requested vote in accordance with these procedures. Unless specifically provided herein, all
such votes require a majority of Certificateholders to carry a proposition.

[End of Article V]

Article VI

THE DEPOSITOR, THE MASTER SERVICER, THE SPECIAL SERVICER, the Operating Advisor, THE ASSET REPRESENTATIONS REVIEWER, THE DIRECTING
CERTIFICATEHOLDER AND THE RISK RETENTION CONSULTATION PARTIES

Section 6.01                   Representations, Warranties and Covenants of the Master Servicer, Special Servicer, the Operating Advisor and the Asset Representations
Reviewer. (a) The Master

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Servicer hereby represents, warrants and covenants
to the Trustee, for its own benefit and the benefit of the Certificateholders, the RR Interest Owners, each Serviced Companion Noteholder,
the Depositor, the Certificate Administrator, the Special Servicer, the Asset Representations Reviewer and the Operating Advisor, as of
the Closing Date, that:

(i)                                      The Master Servicer is a national banking association, duly organized, validly existing and in good standing under the laws of
the United States of America, and the Master Servicer is in compliance with the laws of each State in which any Mortgaged Property is
located to the extent necessary to perform its obligations under this Agreement;

(ii)                                   The execution and delivery of this Agreement by the Master Servicer, and the performance and compliance with the terms of this
Agreement by the Master Servicer, do not (A) violate the Master Servicer’s organizational documents, (B) constitute a
default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any
material agreement or other material instrument to which it is a party or which is applicable to it or any of its assets or (C) violate
any law, rule, regulation, order, judgment or decree to which the Master Servicer or its property is subject, which, in the case of either
(B) or (C), is likely to materially and adversely affect either the ability of the Master Servicer to perform its obligations under this
Agreement or its financial condition;

(iii)                                The Master Servicer has the full power and authority to enter into and consummate all transactions to be performed by it contemplated
by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

(iv)                               This Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid, legal and
binding obligation of the Master Servicer, enforceable against the Master Servicer in accordance with the terms hereof, subject to (A) applicable
bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting the enforcement of creditors’ rights generally,
and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law;

(v)                                  The Master Servicer is not in violation of, and its execution and delivery of this Agreement and its performance and compliance
with the terms of this Agreement will not constitute a violation of, any law, order or decree of any court or arbiter, or any order regulation
or demand of any federal, state or local governmental or regulatory authority, which violation, in the Master Servicer’s good faith
and reasonable judgment, is likely to materially and adversely affect either the ability of the Master Servicer to perform its obligations
under this Agreement or the financial condition of the Master Servicer;

(vi)                               No litigation is pending or, to the best of the Master Servicer’s knowledge, threatened against the Master Servicer which
would prohibit the Master Servicer from entering into this Agreement or, in the Master Servicer’s good faith and reasonable judgment,
is likely to materially and adversely affect the ability of the Master Servicer to perform its obligations under this Agreement;

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(vii)                            The Master Servicer has errors and omissions insurance coverage that is in full force and effect or is self-insuring with respect
to such risks, which in either case complies with the requirements of Section 3.07(a) hereof; and

(viii)                         No consent, approval, authorization or order of, registration or filing with, or notice to, any governmental authority or court
is required under federal or state law for the execution, delivery and performance by the Master Servicer of, or compliance by the Master
Servicer with, this Agreement or the Master Servicer’s consummation of any transactions contemplated hereby, other than (A) such
consents, approvals, authorizations, orders, qualifications, registrations, filings or notices as have been obtained, made or given prior
to the actual performance by the Master Servicer of its obligations under this Agreement or (B) where the lack of such consent, approval,
authorization, order, qualification, registration, filing or notice would not have a material adverse effect on the performance by the
Master Servicer under this Agreement.

(b)                                  The Special Servicer hereby represents, warrants and covenants to the Trustee, for its own benefit and the benefit of the Certificateholders,
the RR Interest Owners, each Serviced Companion Noteholder, the Depositor, the Certificate Administrator, the Master Servicer, the Asset
Representations Reviewer and the Operating Advisor, as of the Closing Date, that:

(i)                                      The Special Servicer is a national banking association, duly organized, validly existing and in good standing under the laws of
the United States of America, and the Special Servicer is in compliance with the laws of each State in which any Mortgaged Property is
located to the extent necessary to perform its obligations under this Agreement;

(ii)                                   The execution and delivery of this Agreement by the Special Servicer, and the performance and compliance with the terms of this
Agreement by the Special Servicer, do not (A) violate the Special Servicer’s organizational documents, (B) constitute
a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any
material agreement or other material instrument to which it is a party or which is applicable to it or any of its assets, or (C) violate
any law, rule, regulation, order, judgment or decree to which the Special Servicer or its property is subject, which, in the case of either
(B) or (C), is likely to materially and adversely affect either the ability of the Special Servicer to perform its obligations under this
Agreement or its financial condition;

(iii)                                The Special Servicer has the full power and authority to enter into and consummate all transactions to be performed by it contemplated
by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

(iv)                               This Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid, legal and
binding obligation of the Special Servicer, enforceable against the Special Servicer in accordance with the terms hereof, subject to (A) applicable
bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting the enforcement of creditors’ rights generally,
and (B) general principles of

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equity, regardless of whether such enforcement
is considered in a proceeding in equity or at law;

(v)                                  The Special Servicer is not in violation of, and its execution and delivery of this Agreement and its performance and compliance
with the terms of this Agreement will not constitute a violation of, any law, order or decree of any court or arbiter, or any order regulation
or demand of any federal, state or local governmental or regulatory authority, which violation, in the Special Servicer’s good faith
and reasonable judgment, is likely to materially and adversely affect either the ability of the Special Servicer to perform its obligations
under this Agreement or the financial condition of the Special Servicer;

(vi)                               No litigation is pending or, to the best of the Special Servicer’s knowledge, threatened against the Special Servicer, which
would prohibit the Special Servicer from entering into this Agreement or, in the Special Servicer’s good faith and reasonable judgment,
is likely to materially and adversely affect the ability of the Special Servicer to perform its obligations under this Agreement;

(vii)                            The Special Servicer has errors and omissions coverage which is in full force and effect or is self-insuring with respect to such
risks, which in either case complies with the requirements of Section 3.07 hereof; and

(viii)                         No consent, approval, authorization or order of any court or governmental agency or body is required under federal or state law
for the execution, delivery and performance by the Special Servicer of, or compliance by the Special Servicer with, this Agreement or
the consummation of the transactions of the Special Servicer contemplated by this Agreement, except for any consent, approval, authorization
or order which has been obtained or can be obtained prior to the actual performance by the Special Servicer of its obligations under this
Agreement, or which, if not obtained would not have a materially adverse effect on the ability of the Special Servicer to perform its
obligations hereunder.

(c)                                   The Operating Advisor hereby represents, warrants and covenants to the Trustee, for its own benefit and the benefit of the Certificateholders,
the RR Interest Owners, each Serviced Companion Noteholder, the Depositor, the Certificate Administrator, the Master Servicer and the
Special Servicer, as of the Closing Date, that:

(i)                                      The Operating Advisor is a limited liability company, duly organized, validly existing and in good standing under the laws of the
State of New York, and the Operating Advisor is in compliance with the laws of each State in which any Mortgaged Property is located to
the extent necessary to perform its obligations under this Agreement;

(ii)                                   The execution and delivery of this Agreement by the Operating Advisor, and the performance and compliance with the terms of this
Agreement by the Operating Advisor, do not (A) violate the Operating Advisor’s organizational documents, (B) constitute
a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any
material agreement or other material instrument to which it is a party or which is applicable to it or any of its assets, or (C) violate
any law, rule, regulation, order, judgment or decree to which the Operating

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Advisor or its property is subject, which,
in the case of either (B) or (C), is likely to materially and adversely affect either the ability of the Operating Advisor to perform
its obligations under this Agreement or its financial condition;

(iii)                                The Operating Advisor has the full power and authority to enter into and consummate all transactions to be performed by it contemplated
by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

(iv)                               This Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid, legal and
binding obligation of the Operating Advisor, enforceable against the Operating Advisor in accordance with the terms hereof, subject to
(A) applicable bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting the enforcement of creditors’
rights generally, and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity
or at law;

(v)                                  The Operating Advisor is not in violation of, and its execution and delivery of this Agreement and its performance and compliance
with the terms of this Agreement will not constitute a violation of, any law, order or decree of any court or arbiter, or any order regulation
or demand of any federal, state or local governmental or regulatory authority, which violation, in the Operating Advisor’s good
faith and reasonable judgment, is likely to materially and adversely affect either the ability of the Operating Advisor to perform its
obligations under this Agreement or the financial condition of the Operating Advisor;

(vi)                               The Operating Advisor has errors and omissions insurance coverage that is in full force and effect or is self-insuring with respect
to such risks, which in either case complies with the requirements of Section 3.07(g) hereof;

(vii)                            No litigation is pending or, to the best of the Operating Advisor’s knowledge, threatened against the Operating Advisor,
which would prohibit the Operating Advisor from entering into this Agreement or, in the Operating Advisor’s good faith and reasonable
judgment, is likely to materially and adversely affect the ability of the Operating Advisor to perform its obligations under this Agreement;

(viii)                         No consent, approval, authorization or order of any court or governmental agency or body is required under federal or state law
for the execution, delivery and performance by the Operating Advisor of, or compliance by the Operating Advisor with, this Agreement or
the consummation of the transactions of the Operating Advisor contemplated by this Agreement, except for any consent, approval, authorization
or order which has been obtained or can be obtained prior to the actual performance by the Operating Advisor of its obligations under
this Agreement, or which, if not obtained would not have a materially adverse effect on the ability of the Operating Advisor to perform
its obligations hereunder; and

(ix)                                 The Operating Advisor is an Eligible Operating Advisor.

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(d)                                  The Asset Representations Reviewer hereby represents and warrants to the Trustee, for its own benefit and the benefit of the Certificateholders,
the RR Interest Owners, and to the Depositor, the Master Servicer, the Special Servicer and the Certificate Administrator, as of the
Closing Date, that:

(i)                                      The Asset Representations Reviewer is a limited liability company, duly organized, validly existing and in good standing under
the laws of the State of New York, and the Asset Representations Reviewer is in compliance with the laws of each State in which any Mortgaged
Property is located to the extent necessary to perform its obligations under this Agreement;

(ii)                                   The execution and delivery of this Agreement by the Asset Representations Reviewer, and the performance and compliance with the
terms of this Agreement by the Asset Representations Reviewer, do not (A) violate the Asset Representations Reviewer’s organizational
documents, (B) constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under,
or result in the breach of, any material agreement or other material instrument to which it is a party or which is applicable to it or
any of its assets, or (C) violate any law, rule, regulation, order, judgment or decree to which the Asset Representations Reviewer
or its property is subject, which, in the case of either (B) or (C), is likely to materially and adversely affect either the ability of
the Asset Representations Reviewer to perform its obligations under this Agreement or its financial condition;

(iii)                                The Asset Representations Reviewer has the full power and authority to enter into and consummate all transactions to be performed
by it contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed
and delivered this Agreement;

(iv)                               This Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid, legal and
binding obligation of the Asset Representations Reviewer, enforceable against the Asset Representations Reviewer in accordance with the
terms hereof, subject to (A) applicable bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting
the enforcement of creditors’ rights generally, and (B) general principles of equity, regardless of whether such enforcement
is considered in a proceeding in equity or at law;

(v)                                  The Asset Representations Reviewer is not in violation of, and its execution and delivery of this Agreement and its performance
and compliance with the terms of this Agreement will not constitute a violation of, any law, order or decree of any court or arbiter,
or any order regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in the Asset Representations
Reviewer’s good faith and reasonable judgment, is likely to materially and adversely affect either the ability of the Asset Representations
Reviewer to perform its obligations under this Agreement or the financial condition of the Asset Representations Reviewer;

(vi)                               No litigation is pending or, to the best of the Asset Representations Reviewer’s knowledge, threatened against the Asset
Representations Reviewer, which

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would prohibit the Asset Representations
Reviewer from entering into this Agreement or, in the Asset Representations Reviewer’s good faith and reasonable judgment, is likely
to materially and adversely affect the ability of the Asset Representations Reviewer to perform its obligations under this Agreement;

(vii)                            The Asset Representations Reviewer has errors and omissions coverage which is in full force and effect or is self-insuring with
respect to such risks, which in either case complies with the requirements of Section 3.07(g) hereof; and

(viii)                         No consent, approval, authorization or order of any court or governmental agency or body is required under federal or state law
for the execution, delivery and performance by the Asset Representations Reviewer of, or compliance by the Asset Representations Reviewer
with, this Agreement or the consummation of the transactions of the Asset Representations Reviewer contemplated by this Agreement, except
for any consent, approval, authorization or order which has been obtained or can be obtained prior to the actual performance by the Asset
Representations Reviewer of its obligations under this Agreement, or which, if not obtained would not have a materially adverse effect
on the ability of the Asset Representations Reviewer to perform its obligations hereunder; and

(ix)                                 The Asset Representations Reviewer is an Eligible Asset Representations Reviewer.

(e)                                   The representations and warranties set forth in paragraphs (a)-(d) above shall survive the execution and delivery of this
Agreement. Upon receipt of written notice or actual knowledge by any party to this Agreement (or upon written notice thereof from any
Certificateholder, any RR Interest Owner or any Companion Holder) of a breach of any of the representations and warranties set forth in
this Section which materially and adversely affects the interests of any party to this Agreement, the Certificateholders or the RR Interest
Owners, the party discovering such breach shall give prompt written notice to the other parties hereto, each certifying Certificateholder,
each RR Interest Owner, and, prior to the occurrence and continuance of a Control Termination Event, the Directing Certificateholder.

Section 6.02                   Liability of the Depositor, the Master Servicer, the Operating Advisor, the Special Servicer and the Asset Representations Reviewer.
The Depositor, the Master Servicer, the Operating Advisor, the Special Servicer and the Asset Representations Reviewer shall be liable
in accordance herewith only to the extent of the respective obligations specifically imposed upon and undertaken by, and no implied duties
or obligations may be asserted against, the Depositor, the Master Servicer, the Operating Advisor, the Special Servicer and the Asset
Representations Reviewer herein.

Section 6.03                   Merger, Consolidation or Conversion of the Depositor, the Master Servicer, the Operating Advisor, the Special Servicer or the
Asset Representations Reviewer. (a) Subject to subsection (b) below, the Depositor, the Master Servicer, the Special
Servicer, the Operating Advisor and the Asset Representations Reviewer each will keep in full effect its existence, rights and franchises
as an entity under the laws of the jurisdiction of its incorporation or organization, and each will obtain and preserve its qualification
to do business as a foreign entity in each jurisdiction in which qualification is or shall be necessary to protect the validity and

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enforceability of this Agreement, the Certificates,
the RR Interest or any of the Mortgage Loans or Companion Loans and to perform its respective duties under this Agreement.

(b)                                  The Depositor, the Master Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer each may
be merged or consolidated with or into any Person, or Transfer all or substantially all of its assets (which may be limited to all or
substantially all of its assets related to commercial mortgage loan servicing or commercial mortgage surveillance, as the case may be,
or, in the case of the Operating Advisor, may be limited to all or substantially all of its assets related to acting as a trust advisor
or operating advisor for commercial mortgage securitizations and, in the case of the Asset Representations Reviewer, may be limited to
all or substantially all of its assets related to acting as an asset representations reviewer for commercial mortgage securitizations)
to any Person, in which case any Person resulting from any merger or consolidation to which the Depositor, the Master Servicer, the Special
Servicer, the Operating Advisor, or the Asset Representations Reviewer shall be a party, or any Person succeeding to the business of the
Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, or the Asset Representations Reviewer, shall be the successor
of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, or the Asset Representations Reviewer (such Person,
in the case of the Master Servicer or the Special Servicer, in each of the foregoing cases, the “Surviving Entity”),
as the case may be, hereunder, without the execution or filing of any paper (other than an assumption agreement wherein the successor
shall agree to perform the obligations of and serve as the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor,
or the Asset Representations Reviewer, as the case may be, in accordance with the terms of this Agreement) or any further act on the part
of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that with respect to such
merger, consolidation or succession, Rating Agency Confirmation is received from each Rating Agency with respect to the Classes of Certificates
and, with respect to any class of Serviced Companion Loan Securities, a confirmation is received from each applicable rating agency that
such action will not result in the downgrade, withdrawal or qualification of its then-current ratings (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with
respect to the Certificates as described in Section 3.25); provided, further, that if the Master Servicer, the
Special Servicer, the Asset Representations Reviewer or the Operating Advisor enters into a merger and the Master Servicer, the Special
Servicer, the Asset Representations Reviewer or the Operating Advisor, as applicable, is the surviving entity under applicable law, the
Master Servicer, the Special Servicer, the Asset Representations Reviewer or the Operating Advisor, as applicable, shall not, as a result
of the merger, be required to provide a Rating Agency Confirmation with respect to ratings of the Classes of Certificates or, with respect
to any class of Serviced Companion Loan Securities, a confirmation of the rating agencies that such action will not result in the downgrade,
withdrawal or qualification of its then-current ratings; provided, further, that for so long as the Trust, and, with respect
to any Companion Loan included as part of the trust in a related Other Securitization, is subject to the reporting requirements of the
Exchange Act, if the Master Servicer, the Special Servicer, the Asset Representations Reviewer or the Operating Advisor notifies the Depositor
in writing (a “Merger Notice”) of any such merger, consolidation, conversion or other change in form, and the Depositor
or the depositor in such Other Securitization, as the case may be, notifies the Master Servicer, the Special Servicer, the Asset Representations
Reviewer or the Operating Advisor, as applicable, in writing that the Depositor or the depositor in such Other Securitization, as the
case may be, has discovered that such successor entity has not complied with its Exchange

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Act reporting obligations under any other commercial
mortgage loan securitization (and specifically identifying the instance of noncompliance), then it shall be an additional condition to
such succession that the Depositor or the depositor in such Other Securitization, as the case may be, shall have consented (which consent
shall not be unreasonably withheld or delayed) to such successor entity. Notwithstanding the foregoing, no Master Servicer, Special Servicer,
Asset Representations Reviewer or Operating Advisor may remain the Master Servicer, Special Servicer, the Asset Representations Reviewer
or the Operating Advisor, as applicable, under this Agreement after (x) being merged or consolidated with or into any Person that
is a Prohibited Party, or (y) transferring all or substantially all of its assets to any Person if such Person is a Prohibited Party,
except to the extent (i) the Master Servicer, the Special Servicer, the Asset Representations Reviewer or Operating Advisor, as applicable,
is the Surviving Entity of such merger, consolidation or transfer and has been and continues to be in compliance with its Regulation AB
reporting obligations hereunder or (ii) the Depositor consents to such merger, consolidation or transfer, which consent shall not
be unreasonably withheld. If, within sixty (60) days following the date of delivery of the Merger Notice to the Depositor or the depositor
in such Other Securitization, as the case may be, the Depositor or depositor in such Other Securitization, as the case may be, shall have
failed to notify the Master Servicer or the Special Servicer, as applicable, in writing of the Depositor’s determination, or depositor’s
determination, in the case of an Other Securitization, to grant or withhold such consent, such failure shall be deemed to constitute a
grant of such consent. If the conditions to the provisions in the second preceding sentence are not met, the Trustee may terminate, and
if the conditions set forth in the third proviso of the second preceding sentence are not met the Trustee shall terminate, the applicable
Surviving Entity’s servicing of the Mortgage Loans pursuant hereto, such termination to be effected in the manner set forth in Section 13.01.

(i)                                      The Asset Representations Reviewer shall keep in full effect its existence and rights as an entity under the laws of the jurisdiction
of its organization, and shall be in compliance with the laws of all jurisdictions to the extent necessary to perform its duties under
this Agreement.

(ii)                                   Any Person into which the Asset Representations Reviewer may be merged or consolidated, or any Person resulting from any merger
or consolidation to which the Asset Representations Reviewer shall be a party, or any Person succeeding to the business of the Asset Representations
Reviewer, shall be the successor of the Asset Representations Reviewer hereunder, and shall be deemed to have assumed all of the liabilities
and obligations of such Asset Representations Reviewer hereunder, without the execution or filing of any paper or any further act on the
part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the Trustee
has received a Rating Agency Confirmation with respect to such successor or surviving Person.

Section 6.04                   Limitation on Liability of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer and Others. (a) None of the Depositor, the Master Servicer (including in its capacity as Companion Paying Agent), the
Special Servicer, the Operating Advisor, the Asset Representations Reviewer or any of the partners, directors, officers, shareholders,
members, managers, employees or agents of any of the foregoing shall be under any liability to the Trust, the Certificateholders, the
RR Interest Owners or the Companion Holders for any action taken or for refraining from the taking of any

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action in good faith pursuant to this Agreement,
or for errors in judgment; provided, however, that (i) this provision shall not protect the Depositor, the Master Servicer
(including in its capacity as Companion Paying Agent), the Special Servicer, the Operating Advisor, the Asset Representations Reviewer
or any such Person against any breach of warranties or representations made by it herein or any liability which would otherwise be imposed
by reason of willful misconduct, bad faith or negligence in the performance of such party’s obligations or duties or by reason of
negligent disregard of such party’s obligations and duties hereunder. The Depositor, the Master Servicer (including in its capacity
as Companion Paying Agent), the Special Servicer, the Operating Advisor, the Asset Representations Reviewer and any partner, director,
officer, shareholder, member, manager, employee or agent of the Depositor, the Master Servicer (including in its capacity as Companion
Paying Agent), the Special Servicer, the Operating Advisor or the Asset Representations Reviewer may rely on any document of any kind
which, prima facie, is properly executed and submitted by any Person respecting any matters arising hereunder. The Depositor, the
Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer and any partner, director, officer, shareholder, member, manager, employee or agent of any of the foregoing shall be indemnified
and held harmless by the Trust against any and all claims, losses, penalties, fines, forfeitures, reasonable legal fees and related costs,
judgments, and any other costs, liabilities, fees, including any costs of enforcement, and expenses incurred in connection with any legal
or administrative action (whether in equity or at law) or claim relating to this Agreement, the Mortgage Loans, the Companion Loans or
the Certificates, other than any loss, liability or expense: (i) specifically required to be borne thereby pursuant to the terms
hereof; (ii) incurred in connection with any breach of a representation or warranty made by it herein; (iii) incurred by reason
of bad faith, willful misconduct or negligence in the performance of its obligations or duties hereunder, or by reason of negligent disregard
of such obligations or duties; or (iv) in the case of the Depositor and any of its partners, directors, officers, shareholders, members,
managers, employees and agents, incurred in connection with any violation by any of them of any state or federal securities law. In addition,
absent actual fraud (as determined by a final non-appealable court order), neither the Trustee nor the Certificate Administrator shall
be liable for special, punitive, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits),
even if the Trustee or the Certificate Administrator has been advised of the likelihood of such loss or damage and regardless of the form
of action. Each of the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the Operating Advisor
and the Asset Representations Reviewer conclusively may rely on, and shall be protected in acting or refraining from acting upon, any
resolution, officer’s certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice,
request, consent, order, financial statement, agreement, appraisal, bond or other document (in electronic or paper format) as contemplated
by and in accordance with this Agreement and reasonably believed or in good faith believed by the Master Servicer (including in its capacity
as Companion Paying Agent), the Special Servicer, the Operating Advisor or the Asset Representations Reviewer to be genuine and to have
been signed or presented by the proper party or parties and each of them may consult with counsel, in which case any written advice of
counsel or Opinion of Counsel shall be full and complete authorization and protection with respect to any action taken or suffered or
omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel.

(b)                                  None of the Depositor, the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the Operating
Advisor and the Asset

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Representations Reviewer shall be under any
obligation to appear in, prosecute or defend any legal or administrative action (whether in equity or at law), proceeding, hearing or
examination that is not incidental to its respective duties under this Agreement or which in its opinion may involve it in any expense
or liability not recoverable from the Trust; provided, however, that each of the Depositor, the Master Servicer, the Special
Servicer, the Operating Advisor or the Asset Representations Reviewer may in its discretion undertake any such action, proceeding, hearing
or examination that it may deem necessary or desirable in respect to this Agreement and the rights and duties of the parties hereto and
the interests of the Certificateholders and the RR Interest Owners (and, in the case of any Serviced Whole Loan, the rights of the Certificateholders,
the RR Interest Owners and the holders of a Serviced Companion Loan (as a collective whole) taking into account the subordinate or pari
passu nature of such Serviced Companion Loan); provided, however, that if a Serviced Whole Loan and/or the holder of
any related Companion Loan are involved, such expenses, costs and liabilities will be payable out of funds related to the applicable Serviced
Whole Loan in accordance with the related Intercreditor Agreement and will also be payable out of the other funds in the Collection Account
if amounts on deposit with respect to such Serviced Whole Loan are insufficient therefor. If any such expenses, costs or liabilities relate
to a Mortgage Loan or Companion Loan, then any subsequent recovery on that Mortgage Loan or Companion Loan, as applicable, will be used
to reimburse the Trust for any amounts advanced for the payment of such expenses, costs or liabilities. In such event, the legal expenses
and costs of such action, proceeding, hearing or examination and any liability resulting therefrom shall be expenses, costs and liabilities
of the Trust, and the Depositor, the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the
Operating Advisor and the Asset Representations Reviewer shall be entitled to be reimbursed therefor out of amounts attributable to the
Mortgage Loans or the Companion Loan on deposit in the Collection Account (including, without duplication, any subaccount thereof), as
provided by Section 3.05(a)(xii).

(c)                                   Each of the Master Servicer and the Special Servicer, as applicable, agrees to indemnify the Depositor, the Trustee, the related
Serviced Companion Noteholder, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the Master Servicer
(including in its capacity as Companion Paying Agent) (in the case of the Special Servicer), the Special Servicer (in the case of the
Master Servicer) and the Trust and any partner, director, officer, shareholder, member, manager, employee or agent thereof, and hold them
harmless, from and against any and all claims, losses, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments,
and any other costs, liabilities, fees, including any costs of enforcement, and expenses that any of them may sustain arising from or
as a result of any willful misconduct, bad faith or negligence of the Master Servicer or the Special Servicer, as the case may be, in
the performance of its obligations and duties under this Agreement or by reason of negligent disregard by the Master Servicer or the Special
Servicer, as the case may be, of its duties and obligations hereunder or by reason of breach of any representations or warranties made
herein by the Master Servicer or the Special Servicer, as applicable. The Depositor, the Trustee, the Certificate Administrator, the Operating
Advisor or the Asset Representations Reviewer, as the case may be, shall immediately notify the Master Servicer or the Special Servicer,
as applicable, if a claim is made by a third party with respect to this Agreement or the Mortgage Loans entitling the Trust to indemnification
hereunder, whereupon the Master Servicer or the Special Servicer, as the case may be, shall assume the defense of such claim (with counsel
reasonably satisfactory to the Trustee, the Certificate Administrator, Operating Advisor, Asset Representations Reviewer or the Depositor,
as applicable) and pay all expenses in connection therewith, including counsel fees,

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and promptly pay, discharge and satisfy any
judgment or decree which may be entered against it or them in respect of such claim. Any failure to so notify the Master Servicer or the
Special Servicer, as the case may be, shall not affect any rights any of the foregoing Persons may have to indemnification under this
Agreement or otherwise, unless the Master Servicer’s or the Special Servicer’s, as the case may be, defense of such claim
is materially prejudiced thereby.

(d)                                  Each of the Trustee and the Certificate Administrator (including in its role as Custodian), respectively agrees to indemnify the
Depositor, the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the Certificate Administrator
(in the case of the Trustee), the Trustee (in the case of the Certificate Administrator), the Operating Advisor, the Asset Representations
Reviewer and the Trust and any partner, director, officer, shareholder, member, manager employee or agent thereof, and hold them harmless,
from and against any and all claims, losses, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any
other costs, liabilities, fees, including any costs of enforcement, and expenses that any of them may sustain arising from or as a result
of any willful misconduct, bad faith or negligence of the Trustee or the Certificate Administrator, respectively, in the performance of
its obligations and duties under this Agreement or by reason of negligent disregard by the Trustee or the Certificate Administrator, respectively,
of its duties and obligations hereunder or by reason of breach of any representations or warranties made herein; provided that
such indemnity shall not cover indirect or consequential damages. The Depositor, the Master Servicer, the Special Servicer, the Asset
Representations Reviewer or the Operating Advisor, as the case may be, shall immediately notify the Trustee and the Certificate Administrator,
respectively, if a claim is made by a third party with respect to this Agreement or the Mortgage Loans entitling the Trust to indemnification
hereunder, whereupon the Trustee or the Certificate Administrator shall assume the defense of such claim (with counsel reasonably satisfactory
to the Depositor, the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the Asset Representations
Reviewer or the Operating Advisor) and pay all expenses in connection therewith, including counsel fees, and promptly pay, discharge and
satisfy any judgment or decree which may be entered against it or them in respect of such claim. Any failure to so notify the Trustee
or the Certificate Administrator shall not affect any rights any of the foregoing Persons may have to indemnification under this Agreement
or otherwise, unless the Trustee’s or the Certificate Administrator’s defense of such claim is materially prejudiced thereby.

(e)                                   The Depositor agrees to indemnify the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer and the Trust and any partner, director,
officer, shareholder, member, manager, employee or agent thereof, and hold them harmless, from and against any and all claims, losses,
penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs, liabilities, fees, including any
costs of enforcement, and expenses that any of them may sustain arising from or as a result of any willful misconduct, bad faith or negligence
of the Depositor, in the performance of its obligations and duties under this Agreement or by reason of negligent disregard by the Depositor
of its duties and obligations hereunder or by reason of breach of any representations or warranties made herein; provided that
such indemnity shall not cover indirect or consequential damages. The Master Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Asset Representations Reviewer or the Operating Advisor, as the case may be, shall immediately notify the Depositor
if a claim is made by a third party with respect to this Agreement, whereupon the Depositor shall

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assume the defense of such claim (with counsel
reasonably satisfactory to the Master Servicer (including in its capacity as Companion Paying Agent) or the Special Servicer) and pay
all expenses in connection therewith, including counsel fees, and promptly pay, discharge and satisfy any judgment or decree which may
be entered against it or them in respect of such claim. Any failure to so notify the Depositor shall not affect any rights any of the
foregoing Persons may have to indemnification under this Agreement or otherwise, unless the Depositor’s defense of such claim is
materially prejudiced thereby.

(f)                                     The Operating Advisor agrees to indemnify the Master Servicer (including in its capacity as Companion Paying Agent), the Special
Servicer, the Trustee, the Certificate Administrator, the Depositor, the Asset Representations Reviewer and the Trust and any partner,
director, officer, shareholder, member, manager, employee or agent thereof, and hold them harmless, from and against any and all claims,
losses, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs, liabilities, fees, including
any costs of enforcement, and expenses that any of them may sustain arising from or as a result of any willful misconduct, bad faith or
negligence of the Operating Advisor, in the performance of its obligations and duties under this Agreement or by reason of negligent disregard
by the Operating Advisor of its duties and obligations hereunder or by reason of breach of any representations or warranties made herein;
provided that such indemnity shall not cover indirect or consequential damages. The Master Servicer, the Special Servicer, the
Trustee, the Certificate Administrator, the Asset Representations Reviewer or the Depositor, as the case may be, shall immediately notify
the Operating Advisor if a claim is made by a third party with respect to this Agreement or the Mortgage Loans entitling the Trust to
indemnification hereunder, whereupon the Operating Advisor shall assume the defense of such claim (with counsel reasonably satisfactory
to the Master Servicer (including in its capacity as Companion Paying Agent), the Special Servicer, the Trustee, the Certificate Administrator,
the Asset Representations Reviewer or the Depositor) and pay all expenses in connection therewith, including counsel fees, and promptly
pay, discharge and satisfy any judgment or decree which may be entered against it or them in respect of such claim. Any failure to so
notify the Operating Advisor shall not affect any rights any of the foregoing Persons may have to indemnification under this Agreement
or otherwise, unless the Operating Advisor’s defense of such claim is materially prejudiced thereby.

(g)                                  Neither the Operating Advisor nor its Affiliates or any of the partners, directors, officers, shareholders, members, managers,
employees or agents of the Operating Advisor shall be under any liability to any Certificateholder or any RR Interest Owner for any action
taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided,
however, that this provision shall not protect the Operating Advisor against any liability which would otherwise be imposed by
reason of willful misconduct, bad faith or negligence in the performance of duties or by reason of negligent disregard of obligations
and duties hereunder.

(h)                                  The Asset Representations Reviewer agrees to indemnify the Master Servicer (including in its capacity as Companion Paying Agent),
the Special Servicer, the Trustee, the Certificate Administrator, the Depositor, the Operating Advisor and the Trust and any partner,
director, officer, shareholder, member, manager, employee or agent thereof, and hold them harmless, from and against any and all claims,
losses, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs, liabilities, fees and
expenses that any of

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them may sustain arising from or as a result
of any willful misconduct, bad faith or negligence of the Asset Representations Reviewer, in the performance of its obligations and duties
under this Agreement or by reason of negligent disregard by the Asset Representations Reviewer of its duties and obligations hereunder
or by reason of breach of any representations or warranties made herein; provided that such indemnity shall not cover indirect
or consequential damages. The Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor
or the Depositor, as the case may be, shall immediately notify the Asset Representations Reviewer if a claim is made by a third party
with respect to this Agreement or the Mortgage Loans entitling the Trust to indemnification hereunder, whereupon the Asset Representations
Reviewer shall assume the defense of such claim (with counsel reasonably satisfactory to the Master Servicer (including in its capacity
as Companion Paying Agent), the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor or the Depositor)
and pay all expenses in connection therewith, including counsel fees, and promptly pay, discharge and satisfy any judgment or decree which
may be entered against it or them in respect of such claim. Any failure to so notify the Asset Representations Reviewer shall not affect
any rights any of the foregoing Persons may have to indemnification under this Agreement or otherwise, unless the Asset Representations
Reviewer’s defense of such claim is materially prejudiced thereby.

(i)                                      The applicable Non-Serviced Master Servicer, Non-Serviced Special Servicer, Non-Serviced Certificate Administrator,
Non-Serviced Operating Advisor, Non-Serviced Asset Representations Reviewer, Non-Serviced Depositor and Non-Serviced Trustee,
and any of their respective partners, directors, officers, shareholders, members, managers, employees or agents and the applicable Non-Serviced
Trust (collectively, the “Non-Serviced Indemnified Parties”), shall be indemnified by the Trust and held harmless
against the Trust’s pro rata share (subject to the applicable Non-Serviced Intercreditor Agreement) of any and all claims,
losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, liabilities, fees and expenses incurred
in connection with the servicing and administration of a Non-Serviced Mortgage Loan and the related Non-Serviced Mortgaged Property
(or with respect to the Non-Serviced Operating Advisor and/or Non-Serviced Asset Representations Reviewer, incurred in connection with
the provision of services for such Non-Serviced Mortgage Loan) under the applicable Non-Serviced PSA (as and to the same extent the applicable
Non-Serviced Trust is required to indemnify such parties in respect of other mortgage loans in the applicable Non-Serviced Trust pursuant
to the terms of the related Non-Serviced PSA and, in the case of the applicable Non-Serviced Trust, to the extent of any additional trust
fund expenses with respect to the related Non-Serviced Whole Loan under the related Non-Serviced PSA).

(j)                                      For the avoidance of doubt, with respect to any indemnification provisions in this Agreement providing that the Trust Fund or a
party to this Agreement is required to indemnify another party to this Agreement for costs, fees and expenses, such costs, fees and expenses
shall include costs (including, but not limited to reasonable attorney’s fees and expenses) of the enforcement of such indemnity.

The indemnification provided
herein shall survive the termination of this Agreement and the termination or resignation of the Master Servicer (including in its capacity
as Companion Paying Agent), the Special Servicer, the Trustee, the Certificate Administrator or the Operating Advisor.

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Section 6.05                  Depositor, Master Servicer and
Special Servicer Not to Resign. Subject to the provisions of Section 6.03, neither the Master Servicer nor the
Special Servicer shall resign from their respective obligations and duties hereby imposed on each of them except (a) upon
determination that such party’s duties hereunder are no longer permissible under applicable law or are in material conflict by
reason of applicable law with any other activities carried on by it, or (b) in the case of the Master Servicer or the Special
Servicer, upon the appointment of, and the acceptance of such appointment by, a successor master servicer or special servicer, as
applicable, and receipt by the Certificate Administrator and the Trustee of Rating Agency Confirmation from each Rating Agency and a
confirmation of any applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of its
then-current ratings of any class of Serviced Companion Loan Securities (if any) (provided that such rating agency
confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with
respect to the Certificates pursuant to Section 3.25). Any such determination permitting the resignation of the Master
Servicer or the Special Servicer pursuant to clause (a) above shall be evidenced by an Opinion of Counsel (at the
expense of the resigning party) to such effect delivered to the Trustee and (prior to the occurrence of a Consultation Termination
Event) the Directing Certificateholder. No such resignation by the Master Servicer or the Special Servicer shall become effective
until the Trustee or a successor master servicer or successor special servicer, as applicable, shall have assumed the Master
Servicer’s or Special Servicer’s, as applicable, responsibilities and obligations in accordance with Section 7.02
and no such resignation by the Master Servicer or the Special Servicer shall become effective until the Certificate Administrator
shall have filed any required Form 8-K pursuant to Section 11.07 hereof and any other Form 8-K filings have been
completed with respect to any related Companion Loan. Upon any termination (as described in Section 7.01(c)) or
resignation of the Master Servicer or the Special Servicer, pursuant to this Section 6.05, the Master Servicer or the
Special Servicer, as applicable, shall have the right and opportunity to appoint any successor master servicer or special servicer
with respect to this Section 6.05; provided that, such successor master servicer or special servicer shall not
be the Asset Representations Reviewer, the Operating Advisor or one of their respective Affiliates and (prior to the occurrence and
continuance of a Control Termination Event) such successor special servicer is approved by the Directing Certificateholder, such
approval not to be unreasonably withheld. The resigning party shall pay all costs and expenses (including costs and expenses
incurred by the Trustee and the Certificate Administrator) associated with a transfer of its duties pursuant to this Section 6.05.
Except as provided in Section 7.01(c), in no event shall the Master Servicer or the Special Servicer have the right to
appoint any successor master servicer or special servicer if such Master Servicer or Special Servicer, as applicable, is terminated
or removed pursuant to Section 7.01.

Section 6.06                   Rights of the Depositor in Respect of the Master Servicer and the Special Servicer. The Depositor may, but is not obligated
to, enforce the obligations of the Master Servicer and the Special Servicer hereunder and may, but is not obligated to, perform, or cause
a designee to perform, any defaulted obligation of the Master Servicer and the Special Servicer hereunder or exercise the rights of the
Master Servicer or Special Servicer, as applicable, hereunder; provided, however, that the Master Servicer and the Special
Servicer shall not be relieved of any of their respective obligations hereunder by virtue of such performance by the Depositor or its
designee. The Depositor shall not have any responsibility or liability for any action or failure to act by the Master Servicer or the
Special Servicer and is not obligated to supervise the

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performance of the Trustee, the Master Servicer,
the Operating Advisor or the Special Servicer under this Agreement or otherwise.

Section 6.07                   The Master Servicer and the Special Servicer as Certificate Owner. The Master Servicer, the Special Servicer or any Affiliate
thereof may become the Holder of (or, in the case of a Book-Entry Certificate, Certificate Owner with respect to) any Certificate
with (except as otherwise set forth in the definition of “Certificateholder”) the same rights it would have if it were
not the Master Servicer, the Special Servicer or an Affiliate thereof.

Section 6.08                   The Directing Certificateholder and the Risk Retention Consultation Parties. (a) Other than with respect to any Serviced
AB Whole Loan for which the related holder of an AB Subordinate Companion Loan is not subject to an AB Control Appraisal Period, for so
long as no Control Termination Event has occurred and is continuing, the Directing Certificateholder shall be entitled to advise (1) the
Special Servicer with respect to all Major Decisions for Specially Serviced Loans (other than any Excluded Loan or Servicing Shift Mortgage
Loan) and (2) the Special Servicer with respect to all Non-Specially Serviced Loans (other than any Excluded Loan or Servicing Shift
Mortgage Loan), as to all Major Decisions for all Mortgage Loans that are not Specially Serviced Loans (other than any Excluded Loan)
and notwithstanding anything herein to the contrary, except as set forth in, and in any event subject to this Section 6.08,
for so long as no Control Termination Event has occurred and is continuing (such limitation not to be applicable to a Loan-Specific Directing
Certificateholder), the Master Servicer and the Special Servicer shall not be permitted to take (A) with respect to any Serviced AB Whole
Loan, prior to the occurrence and continuance of an AB Control Appraisal Period, any “major decision” (as defined in the related
Intercreditor Agreement) unless the consent of the related AB Whole Loan Controlling Holder has been obtained by the Special Servicer
or (B) any of the following actions (each, a “Major Decision”) as to which the Directing Certificateholder has objected
in writing within ten (10) Business Days (or thirty (30) days with respect to clause (viii) of the definition of “Major
Decision” below after the Directing Certificateholder’s receipt of a written report by the Special Servicer describing in
reasonable detail (I) the background and circumstances requiring action of the Special Servicer, (II) a proposed course of action recommended
and (III) all information reasonably requested by the Directing Certificateholder, and in the Special Servicer’s possession in order
to grant or withhold such consent, which report may (in the sole discretion of the Special Servicer) take the form of an Asset Status
Report (the “Major Decision Reporting Package”) (provided that if such written objection has not been received
by the Special Servicer within such ten (10) Business Day (or thirty (30) day) period, then the Directing Certificateholder will be deemed
to have approved such action):

(i)                                      any proposed or actual foreclosure upon or comparable conversion (which may include acquisition of an REO Property) of the ownership
of properties securing such of the Mortgage Loans (other than any Non-Serviced Mortgage Loan) or Serviced Whole Loans as come into and
continue in default;

(ii)                                   any modification, consent to a modification or waiver of any monetary term (other than late fees and Default Interest) or material
non-monetary term (including, without limitation, the timing of payments, acceptance of discounted payoffs, COVID Modifications and, other
than with respect to Non-Specially Serviced Loans, approval of any waiver regarding the receipt of financial statements (other than immaterial
timing

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waivers including late financial statements
which in no event relieve any Mortgagor of the obligation to provide financial statements on at least a quarterly basis) following three
consecutive late deliveries of financial statements) of a Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Serviced Whole
Loan or any extension of the maturity date of such Mortgage Loan other than in connection with a maturity default if a refinancing or
sale is expected within 120 days as provided in clause (xiii) of the definition of Master Servicer Decision;

(iii)                                any sale of a Defaulted Loan (that is not a Non-Serviced Mortgage Loan) or REO Property (other than in connection with the termination
of the Trust pursuant to Article IX hereof) or a Defaulted Loan that is a Non-Serviced Mortgage Loan that the Special Servicer
is permitted to sell in accordance with this Agreement, in each case for less than the applicable Purchase Price;

(iv)                               any determination to bring a Mortgaged Property or an REO Property into compliance with applicable environmental laws or to otherwise
address hazardous material located at a Mortgaged Property or an REO Property;

(v)                                  any release of material collateral or any acceptance of substitute or additional collateral for a Mortgage Loan (other than any
Non-Serviced Mortgage Loan) or Serviced Whole Loan or any consent to either of the foregoing, other than if required pursuant to the specific
terms of the related Mortgage Loan documents and there is no lender discretion;

(vi)                               any waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to a Mortgage Loan (other than
any Non-Serviced Mortgage Loan) or a Serviced Whole Loan or any consent to such a waiver or consent to a transfer of the Mortgaged Property
or interests in the Mortgagor or consent to the incurrence of additional debt, other than any such transfer or incurrence of debt as may
be effected without the consent of the lender under the related loan agreement as described under clause (xiv) of the definition of “Master
Servicer Decision”;

(vii)                            consent
to actions and releases related to condemnation of any material parcels of a Mortgaged Property or of any material income producing parcel
or any condemnation that materially affects the use or value of the related Mortgaged Property or the ability of the related Mortgagor
to pay amounts due in respect of the related Mortgage Loan or Companion Loan when due;

(viii)                         any determination of an Acceptable Insurance Default;

(ix)                                 (1) any property management company changes with respect to a Mortgage Loan or Serviced Whole Loan (A)(x) with a principal balance
greater than $25,000,000 or (y) for which the debt service coverage ratio and debt yield (in each case calculated based on the trailing
12 month financial statements for the related quarterly reporting period) for such Mortgage Loan (or Whole Loan, if applicable) is less
than the greater of (X) the debt service coverage ratio and debt yield for such Mortgage Loan as of the origination date of such Mortgage
Loan and (Y) if the DSCR/DY Trigger has occurred, the debt service

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coverage ratio and debt yield for such
Mortgage Loan as of the most recent quarterly reporting period calculated based on the trailing 12 month financial statements for such
quarterly reporting period; provided that if the related borrower is delinquent in providing any financial statements, then the
test provided for in this clause (y) will be deemed to have failed and related property management company changes will be deemed to be
a “Major Decision” until such financial statements are provided; or (B) where the property management company will be an affiliate
of the related borrower following such change or (2) franchise changes (with respect to a Mortgage Loan (other than any Non-Serviced Mortgage
Loan) or Serviced Whole Loan, in each case, for which the lender is required to consent or approve under the Mortgage Loan documents);

(x)                                    any requests for the funding or disbursement of amounts from any escrow accounts, reserve funds or letters of credit held as “performance”,
“earn-out”, “holdback” or similar escrows or reserves, including the funding or disbursement of any such amounts
with respect to any Mortgage Loan, but excluding, as to any Mortgage Loan that is not a Specially Serviced Loan, any Routine Disbursements;
provided, however, that in the case of any Mortgage Loan whose escrows, reserves, holdbacks and related letters of credit
exceed, in the aggregate, at the related origination date, 10% of the initial principal balance of such Mortgage Loan (which Mortgage
Loans will be identified on Schedule 3 hereto), no such funding or disbursement of such escrows, reserves, holdback or letters of credit
will be deemed to constitute a Routine Disbursement, and will instead constitute Major Decisions, except for the routine funding of tax
payments and insurance premiums when due and payable (provided that the Mortgage Loan is not a Specially Serviced Loan);

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

(xii)                              any exercise of a material remedy with respect to a Mortgage Loan (other than any Non-Serviced Mortgage Loan) or a Serviced Whole
Loan following a default or event of default under the related Mortgage Loan or Serviced Whole Loan documents;

(xiii)                           any modification, amendment, consent to a modification or waiver of any term of any Intercreditor Agreement, co-lender or similar
agreement or any action to enforce rights with respect to the Mortgage Loan thereunder (other than with respect to any Excluded Loan and
other than with respect to an amendment splitting any Pari Passu Companion Loan or any Subordinate Companion Loan), to the extent the
Directing Certificateholder or the holder of the majority of the Controlling Class or any affiliate thereof does not own any controlling
interest (whether legally, beneficially or otherwise) in the related mezzanine loan, except that if any such modification or amendment
would adversely impact or materially increase the duties or obligations of the Master Servicer or Special Servicer, such modification
or amendment will additionally require the consent of the Master Servicer or Special Servicer, as applicable, as a condition to its effectiveness;

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(xiv)                          agreeing to any modification, waiver, consent or amendment of the related Mortgage Loan or Serviced Whole Loan in connection with
a defeasance if such proposed modification, waiver, consent or amendment is with respect to (A) a modification of the type of defeasance
collateral required under the Mortgage Loan or Serviced Whole Loan documents such that defeasance collateral other than direct, non-callable
obligations of the United States would be permitted or (B) a modification that would permit a principal prepayment instead of defeasance
if the applicable loan documents do not otherwise permit such principal prepayment;

(xv)                             approve or consent to grants of easements or rights of way that materially affect the use or value of a Mortgaged Property or a
borrower’s ability to make payments with respect to the related Mortgage Loan or any related Companion Loan;

(xvi)                          determining whether to cure any default by a borrower under a ground lease or, permit any ground lease modification, amendment
or subordination, non-disturbance and attornment agreement or entry into a new ground lease and grant approvals, including granting of
subordination, non-disturbance and attornment agreements and consents involving leasing activities that involve a ground lease and any
leasing activities that affect an area greater than the lesser of (a) 30% of the net rentable area of the improvements at the Mortgaged
Property and (b) 30,000 square feet of the improvements at the Mortgaged Property;

(xvii)                       any consent to incurrence of additional debt by a Mortgagor or mezzanine debt by a direct or indirect parent of a Mortgagor, to
the extent the mortgagee’s approval is required under the related Mortgage Loan documents; and

(xviii)                    approving annual operating budgets for the related Mortgaged Property with respect to a Mortgage Loan with a debt service coverage
ratio below 1.40x (to the extent lender approval is required under the Mortgage Loan documents) that provide for (i) operating expenses
equal to more than 110% of the amount that was budgeted therefor in the prior year or (ii) payments to persons or entities known by the
Master Servicer to be affiliates of the related Mortgagor (excluding affiliated managers paid at fee rates agreed to at the origination
of the related Mortgage Loan or Whole Loan);

(xix)                            approving waivers regarding the receipt of financial statements other than as provided in clause (ii) of the definition of “Master
Servicer Decisions”;

(xx)                               the voting on any plan of reorganization, restructuring or similar plan in the bankruptcy of a borrower;

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

(xxii)                         any
approval of any casualty insurance settlements or condemnation settlements, and any determination to apply casualty proceeds or condemnation
awards to the reduction of the debt rather than to the restoration of the Mortgaged Property, in each case, to the extent the lender
has discretion under the related Mortgage Loan documents;

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provided, however, that, in
the event that the Special Servicer or the Master Servicer, as the case may be, determines that immediate action, with respect to the
foregoing matters, or any other matter requiring consent of (i) the Directing Certificateholder prior to the occurrence and continuance
of a Control Termination Event in this Agreement (or any matter requiring consultation with the Directing Certificateholder, the Risk
Retention Consultation Parties or the Operating Advisor) or (ii) with respect to the Serviced AB Whole Loan, the AB Whole Loan Controlling
Holder, (prior to the occurrence and continuance of an AB Control Appraisal Period) is necessary to protect the interests of the Certificateholders
and the RR Interest Owners (or, with respect to any Serviced Whole Loan, the interest of the Certificateholders, the RR Interest Owners
and the holders of any related Serviced Companion Loan) (as a collective whole (taking into account the subordinate or pari passu
nature of any Companion Loans)), the Special Servicer or the Master Servicer, as the case may be, may take any such action without
waiting for the Directing Certificateholder’s response or the AB Whole Loan Controlling Holder’s response (or without waiting
to consult with the Directing Certificateholder, the Risk Retention Consultation Parties, the AB Whole Loan Controlling Holder or the
Operating Advisor, as the case may be); provided that the Special Servicer or the Master Servicer, as the case may be, provides
the Directing Certificateholder (or the Operating Advisor, if applicable) with prompt written notice following such action including
a reasonably detailed explanation of the basis therefor. Neither the Master Servicer nor the Special Servicer is required to obtain the
consent of the Directing Certificateholder for any of the foregoing actions or any other matter requiring consent of the Directing Certificateholder
after the occurrence and during the continuance of a Control Termination Event; provided, however, that, after the occurrence
and during the continuance of a Control Termination Event but, with respect to the Directing Certificateholder only, prior to the occurrence
of a Consultation Termination Event, the Special Servicer shall consult with the Directing Certificateholder in connection with any Major
Decision not relating to any Excluded Loan (and any other actions which otherwise require consultation with the Directing Certificateholder
prior to the occurrence and continuance of a Consultation Termination Event hereunder) and consider alternative actions recommended by
the Directing Certificateholder, in respect thereof. In the event the Special Servicer receives no response from the Directing Certificateholder
within ten (10) Business Days (or if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business Days)
following its written request for input on any required consultation, the Special Servicer shall not be obligated to consult with the
Directing Certificateholder on the specific matter; provided, however, that the failure of the Directing Certificateholder
to respond shall not relieve the Special Servicer from consulting with the Directing Certificateholder on any future matters with respect
to the applicable Mortgage Loan (other than a Non-Serviced Mortgage Loan or an Excluded Loan) or Serviced Whole Loan. In addition, if
a Control Termination Event is continuing, the Special Servicer shall also consult with the Operating Advisor (in person or remotely
via electronic, telephonic or other mutually agreeable communication) in connection with any proposed Major Decision processed by the
Special Servicer, and for which a Major Decision Reporting Package has been delivered to the Operating Advisor, provided that
such consultation is on a non-binding basis. In the event that the Special Servicer receives no response from the Operating Advisor within
ten (10) Business Days following the later of (i) its written request for input on any required consultation (which request is
required to include the related Major Decision Reporting Package) and (ii) delivery of all such additional information reasonably
requested by the Operating Advisor related to the subject matter of such consultation, the Special Servicer shall not be obligated to
consult with the Operating Advisor on the specific matter; provided, however,

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that the failure of the Operating Advisor to
respond on any specific matters shall not relieve the Special Servicer from its obligation to consult with the Operating Advisor on any
future matter with respect to the applicable Mortgage Loan or any other Mortgage Loan. Notwithstanding anything herein to the contrary,
with respect to any Excluded Loan, the Special Servicer shall consult with the Operating Advisor, on a non-binding basis, in connection
with the related transactions involving proposed Major Decisions that it is processing or for which its consent is required and consider
alternative actions recommended by the Operating Advisor, in respect thereof, in accordance with the procedures set forth in this Section 6.08
for consulting with the Operating Advisor.

As used in the definition
of Major Decisions and Master Servicer Decisions, “performance”, “earn-out”, “holdback” and similar
escrows and reserves refers to any escrow or reserve that is taken (in whole or in part) at the origination of the Mortgage Loan, the
release of which is subject to the satisfaction of specifically identified financial or leasing conditions or the occurrence of a specifically
identified event, in each case as set forth in the Mortgage Loan Documents and related to the borrower or Mortgaged Property.

In addition, (i) for so long
as no Consultation Termination Event is continuing, with respect to any Specially Serviced Loan (other than any applicable Excluded Loan
with respect to a Risk Retention Consultation Party), and (ii) during the continuance of a Consultation Termination Event, with respect
to any Serviced Mortgage Loan (other than any applicable Excluded Loan with respect to a Risk Retention Consultation Party), upon request
of a Risk Retention Consultation Party, the Special Servicer shall consult with such Risk Retention Consultation Party on a non-binding
basis in connection with any Major Decision that it is processing (and such other matters that are subject to the non-binding consultation
rights of such Risk Retention Consultation Party pursuant to this Agreement) and to consider alternative actions recommended by such Risk
Retention Consultation Party in respect of such Major Decision (or any other matter requiring consultation with such Risk Retention Consultation
Party); provided that in the event the Special Servicer receives no response from a Risk Retention Consultation Party within 10
days following the later of (i) the Special Servicer’s written request for input on any requested consultation and (ii) delivery
of all such additional information in the possession of the Master Servicer or the Special Servicer, as applicable, reasonably requested
by such Risk Retention Consultation Party related to the subject matter of such consultation, the Special Servicer shall not be obligated
to consult with such Risk Retention Consultation Party on the specific matter; provided, however, that the failure of a
Risk Retention Consultation Party to respond will not relieve the Special Servicer from using reasonable efforts to consult with such
Risk Retention Consultation Party on any future matters with respect to the applicable Mortgage Loan or Serviced Whole Loan or any other
Mortgage Loan. For the avoidance of doubt, (x) no Risk Retention Consultation Party shall have any consultation rights with respect to
any related Excluded Loan and (y) any consultation with a Risk Retention Consultation Party under this Agreement shall occur only upon
request of such Risk Retention Consultation Party, and any such consultation shall be on a strictly non-binding basis and shall be subject
to all limitations with respect to the procedures and timing for such consultation set forth in this Section 6.08(a).

No Risk Retention Consultation
Party acting in its capacity as Risk Retention Consultation Party shall have any liability to the Trust Fund, any party to this Agreement,
any

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Certificateholders or any other Person for
any action taken, or for refraining from the taking of any action, or for errors in judgment.

Subject to the terms and
conditions of this Section 6.08(a), the Special Servicer shall process all requests for any matter that constitutes a “Major
Decision” with respect to all Mortgage Loans (other than any Non-Serviced Mortgage Loan) unless the Master Servicer and the Special
Servicer mutually agree that the Master Servicer will process such request with respect to a Mortgage Loan that is not a Specially Serviced
Loan in accordance with terms and conditions reasonably agreed to by the Master Servicer and Special Servicer, including the Special Servicer’s
consent or deemed consent as set forth in this Section 6.08 and the Directing Certificateholder’s consent or deemed consent
as set forth in this Section 6.08.

Notwithstanding anything
herein to the contrary, with respect to any Servicing Shift Mortgage Loan, the related Loan-Specific Directing Certificateholder shall,
pursuant to the related Intercreditor Agreement, exercise any consent and consultation rights, and rights to provide direction to the
Master Servicer or Special Servicer, of the “Directing Certificateholder” with respect to such Mortgage Loan as provided for
in this Agreement until the Servicing Shift Securitization Date.

Upon receiving a request
for any matter that constitutes a Major Decision with respect to a Mortgage Loan (other than any Non-Serviced Mortgage Loan) and any Serviced
Companion Loan that is not a Specially Serviced Loan, the Master Servicer shall promptly forward such request to the Special Servicer
and the Special Servicer shall process such request (including, without limitation, interfacing with the Mortgagor) and except as provided
in the next sentence, the Master Servicer shall have no further obligation with respect to such request or the Major Decision. With respect
to such request, the Master Servicer shall continue to reasonably cooperate with the Special Servicer by delivering any additional information
in the Master Servicer’s possession to the Special Servicer requested by the Special Servicer relating to such Major Decision, and,
to the extent mutually agreed by the Master Servicer and the Special Servicer, any reasonably requested analysis relating to such Major
Decision. Notwithstanding the foregoing, if the Master Servicer and the Special Servicer mutually agree in accordance with the Servicing
Standard that the processing of such a Major Decision by the Master Servicer would be more efficient by virtue of the fact that the Master
Servicer is handling or is expected to handle other major decisions (which may include Major Decisions in this transaction) or other borrower
requests under comparable circumstances, then the Master Servicer may process such Major Decision (including interfacing with the borrower
and providing a written recommendation and analysis to the Special Servicer) with respect to a Mortgage Loan (other than any Non-Serviced
Mortgage Loan) and any Serviced Companion Loan that is not a Specially Serviced Loan in accordance with terms and conditions reasonably
agreed to by the Master Servicer and Special Servicer, including the Special Servicer’s consent and the Directing Certificateholder’s
consent (both of which will be deemed given if no response is received within the later of (i) ten (10) Business Days (or with respect
to the Directing Certificateholder, if the Directing Certificateholder and the Special Servicer are affiliates, five (5) Business Days)
after the Special Servicer’s receipt of the Master Servicer written recommendation and analysis and (ii) delivery of any additional
information in the possession of the Master Servicer reasonably requested in order to grant or withhold such consent).

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In addition, with respect
to any Mortgage Loan other than an Excluded Loan, for so long as no Control Termination Event has occurred and is continuing, the Directing
Certificateholder subject to any rights, if any, of the related Companion Holder to advise the Special Servicer with respect to the related
Serviced Whole Loan, pursuant to the terms of the related Intercreditor Agreement, may direct the Special Servicer to take, or to refrain
from taking, such other actions with respect to a Mortgage Loan, as the Directing Certificateholder may deem advisable or as to which
provision is otherwise made herein; provided that notwithstanding anything herein to the contrary, no such direction or objection
contemplated by the first paragraph of this Section 6.08(a) or this paragraph, may require or cause the Master Servicer or
Special Servicer to violate any provision of any Mortgage Loan or related Intercreditor Agreement or mezzanine intercreditor agreement,
applicable law, this Agreement, or the REMIC Provisions (and, with respect to a Serviced Whole Loan, subject to the rights of the holders
of the related Companion Loan), including without limitation the obligation of the Master Servicer and the Special Servicer to act in
accordance with the Servicing Standard, or expose the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating
Advisor, the Asset Representations Reviewer, the Trust or the Trustee to liability, or materially expand the scope of the responsibilities
of the Master Servicer or the Special Servicer, as applicable, hereunder or cause the Master Servicer or the Special Servicer, as applicable,
to act, or fail to act, in a manner which in the reasonable judgment of the Master Servicer or the Special Servicer, as applicable, is
not in the best interests of the Certificateholders and the RR Interest Owners.

In the event the Special
Servicer or Master Servicer, as applicable, determines that a refusal to consent by the Directing Certificateholder (or the AB Whole Loan
Controlling Holder, as applicable) or any advice from the Directing Certificateholder or the Risk Retention Consultation Parties (or the
AB Whole Loan Controlling Holder, as applicable), would cause the Special Servicer or Master Servicer, as applicable, to violate the terms
of any Mortgage Loan, applicable law or this Agreement, including without limitation, the Servicing Standard, the Special Servicer or
Master Servicer, as applicable, shall disregard such refusal to consent or advise and notify the Directing Certificateholder or the Risk
Retention Consultation Parties (or the AB Whole Loan Controlling Holder, as applicable), the Trustee and the Rating Agencies of its determination,
including a reasonably detailed explanation of the basis therefor. The taking of, or refraining from taking, any action by the Master
Servicer or Special Servicer in accordance with the direction of or approval of the Directing Certificateholder or a Risk Retention Consultation
Party (or the AB Whole Loan Controlling Holder, as applicable) that does not violate the terms of any Mortgage Loan, applicable law or
the Servicing Standard or any other provisions of this Agreement, will not result in any liability on the part of the Master Servicer
or the Special Servicer.

In addition, with respect
to any matter for which the consent of the Directing Certificateholder is required or for which the Directing Certificateholder has the
right to direct the Master Servicer or the Special Servicer, to the extent no specific time period for deemed consent is expressly stated,
in the event no response from the Directing Certificateholder is received within 10 Business Days following written request for input
and all reasonably requested information on any required consent or direction, the Directing Certificateholder shall be deemed to have
consented or approved on the specific matter; provided, however, that the failure of the Directing Certificateholder to
respond will not affect any future matters with respect to the applicable Mortgage Loan or Serviced Whole Loan or any other Mortgage Loan.

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The Directing Certificateholder
shall have no liability to the Trust or the Certificateholders and the RR Interest Owners for any action taken, or for refraining from
the taking of any action, or for errors in judgment; provided, however, that the Directing Certificateholder shall not be
protected against any liability to a Controlling Class Certificateholder that would otherwise be imposed by reason of willful misconduct,
bad faith or negligence in the performance of duties owed to the Controlling Class Certificateholders or by reason of reckless disregard
of obligations or duties owed to the Controlling Class Certificateholders. By its acceptance of a Certificate, each Certificateholder
and each RR Interest Owner acknowledges and agrees that the Directing Certificateholder may take actions that favor the interests of one
or more Classes of the Certificates including the Holders of the Controlling Class over other Classes of the Certificates or the RR Interest
Owners, and that the Directing Certificateholder may have special relationships and interests that conflict with those of Holders of some
Classes of the Certificates or the RR Interest Owners, that the Directing Certificateholder may act solely in the interests of the Holders
of the Controlling Class, including the Holders of the Controlling Class, that the Directing Certificateholder does not have any duties
or liability to the Holders of any Class of Certificates other than the Controlling Class, that the Directing Certificateholder shall
not be liable to any Certificateholder or any RR Interest Owner, by reason of its having acted solely in the interests of the Holders
of the Controlling Class, and that the Directing Certificateholder shall have no liability whatsoever for having so acted, and no Certificateholder
or RR Interest Owner may take any action whatsoever against the Directing Certificateholder or any director, officer, employee, agent
or principal thereof for having so acted.

Any Non-Serviced Whole Loan
Controlling Holder, with respect to a Non-Serviced Whole Loan, shall have no liability to the Trust or the Certificateholders for
any action taken, or for refraining from the taking of any action, or for errors in judgment. By its acceptance of a Certificate, each
Certificateholder acknowledges and agrees that any such Non-Serviced Whole Loan Controlling Holder, with respect to the related Non-Serviced
Whole Loan, may take actions that favor the interests of one or more classes of the certificates issued under the related Non-Serviced
PSA including the Holders of the controlling class under such Non-Serviced PSA over other Classes of the Certificates, and that such Non-Serviced
Whole Loan Controlling Holder, with respect to such Non-Serviced Whole Loan, may have special relationships and interests that conflict
with those of Holders of some Classes of the Certificates, that such Non-Serviced Whole Loan Controlling Holder, with respect to such
Non-Serviced Whole Loan, may act solely in the interests of the Holders of the controlling class under the related Non-Serviced PSA, that
such Non-Serviced Whole Loan Controlling Holder, shall not be liable to any Certificateholder, by reason of its having acted solely in
the interests of the Holders of the controlling class under the related Non-Serviced PSA, and that such Non-Serviced Whole Loan Controlling
Holder, with respect to such Non-Serviced Whole Loan, shall have no liability whatsoever for having so acted, and no Certificateholder
may take any action whatsoever against such Non-Serviced Whole Loan Controlling Holder, with respect to such Non-Serviced Whole Loan,
or any director, officer, employee, agent or principal thereof for having so acted.

(b)                                  Notwithstanding anything to the contrary contained herein (i) after the occurrence and during the continuance of a Control
Termination Event (and at any time with respect to any Non-Serviced Mortgage Loan and any Excluded Loan and, prior to the occurrence and
continuance of an AB Control Appraisal Period, the Serviced AB Whole Loan), the Directing Certificateholder shall have no right to consent
to or direct any action taken or not taken by any

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party to this Agreement; (ii) after the
occurrence and during the continuance of a Control Termination Event but prior to the occurrence of a Consultation Termination Event,
the Directing Certificateholder shall remain entitled to receive any notices, reports or information to which it is entitled pursuant
to this Agreement, and the Master Servicer, Special Servicer and any other applicable party shall consult with the Directing Certificateholder
(other than with respect to any Non-Serviced Mortgage Loan and any Excluded Loan) in connection with any action to be taken or refrained
from taking to the extent set forth herein; and (iii) after the occurrence of a Consultation Termination Event (and at any time with
respect to any Non-Serviced Mortgage Loan and any Excluded Loan), the Directing Certificateholder shall have no direction, consultation
or consent rights hereunder and no right to receive any notices, reports or information (other than notices, reports or information required
to be delivered to all Certificateholders) or any other rights as Directing Certificateholder.

(c)                                   JPMCB shall be the initial VRR-A Risk Retention Consultation Party and DBNY shall be the initial VRR-B Risk Retention Consultation
Party, and each shall remain so until a successor is appointed pursuant to the terms of this Agreement. Upon the resignation or removal
of an existing Risk Retention Consultation Party, any successor Risk Retention Consultation Party shall deliver to the parties to this
Agreement a certification substantially in the form of Exhibit P-1H to this Agreement prior to being recognized as the new Risk
Retention Consultation Party. The parties hereto shall be entitled to assume that the Risk Retention Consultation Party has not changed
absent such notice.

(d)                                  Once a Risk Retention Consultation Party has been selected, each of the Master Servicer, the Special Servicer, the Depositor, the
Trustee, the Certificate Administrator, the Operating Advisor and each other Certificateholder (or Certificate Owner, if applicable) shall
be entitled to rely on such selection unless JPMCB (in the case of the VRR-A Risk Retention Consultation Party) or DBRI (in the case of
the VRR-B Risk Retention Consultation Party), as applicable, shall have notified the Master Servicer, the Special Servicer, the Trustee,
the Certificate Administrator, the Operating Advisor and each other VRR Interest Owner, in writing, of the selection of such new Risk
Retention Consultation Party (including the new contact information).

(e)                                     Each Certificateholder acknowledges and agrees, by its acceptance of its Certificates, that: (i) each Risk Retention Consultation Party may have special relationships and interests that conflict with those of Holders of one or more Classes of Certificates; (ii) each Risk Retention Consultation Party may act solely in the interests of the applicable VRR Interest Owner; (iii) each Risk Retention Consultation Party does not have any liability or duties to the Holders of any Class of Certificates; (iv) each Risk Retention Consultation Party may take actions that favor interests of the Holders of one or more Classes (including the Class RR Certificates) or the RR Interest over the interests of the Holders of one or more other Classes of Certificates; and (v) each Risk Retention Consultation Party shall have no liability whatsoever (other than to the applicable VRR Interest Owner) for having so acted as set forth in clauses (i) through (iv) above, and no Certificateholder may take any action whatsoever against the applicable Risk Retention Consultation Party or any director, officer, employee, agent or principal of such Risk Retention Consultation Party for having so acted.

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[End of Article VI]

Article VII

SERVICER TERMINATION EVENTS

Section 7.01                  Servicer Termination Events; Master Servicer and Special Servicer Termination. (a) “Servicer Termination Event,”
wherever used herein, means, with respect to the Master Servicer or the Special Servicer, as the case may be, any one of the following
events:

(i)                                      (A) any failure by the Master Servicer to make any deposit required to be made by the Master Servicer to the Collection Account,
or remit to the Companion Paying Agent for deposit into the related Companion Distribution Account, on the day and by the time such deposit
or remittance is first required to be made under the terms of this Agreement, which failure is not remedied within one (1) Business Day
or (B) any failure by the Master Servicer to deposit into, or remit to the Certificate Administrator for deposit into, any Distribution
Account any amount required to be so deposited or remitted, which failure is not remedied by 11:00 a.m. (New York City time) on the
relevant Distribution Date; or

(ii)                                   any failure by the Special Servicer to deposit into the REO Account, within one (1) Business Day after such deposit is required
to be made or to remit to the Master Servicer for deposit into the Collection Account or any other required account hereunder, any amount
required to be so deposited or remitted by the Special Servicer pursuant to, and at the time specified by, the terms of this Agreement;
or

(iii)                                any failure on the part of the Master Servicer or the Special Servicer duly to observe or perform in any material respect any of
its other covenants or obligations contained in this Agreement which continues unremedied for a period of thirty (30) days (or (A) with
respect to any year that a report on Form 10-K is required to be filed, five (5) Business Days in the case of the Master Servicer’s
or Special Servicer’s obligations, as applicable, contemplated by Article XI, (B) fifteen (15) days in the case
of the Master Servicer’s failure to make a Servicing Advance or (C) fifteen (15) days in the case of a failure to pay
the premium for any property insurance policy required to be maintained) after the date on which written notice of such failure, requiring
the same to be remedied, shall have been given (A) to the Master Servicer or the Special Servicer, as the case may be, by any other
party hereto, or (B) to the Master Servicer or the Special Servicer, as the case may be, with a copy to each other party to this
Agreement, by the Holders of Certificates evidencing Percentage Interests aggregating not less than 25% of all Voting Rights or, solely
as it relates to the servicing of a Serviced Whole Loan, if affected by that failure, by the holder of the related Serviced Pari Passu
Companion Loan; provided, however, if such failure is capable of being cured and the Master Servicer or Special Servicer,
as applicable, is diligently pursuing such cure, such period will be extended an additional thirty (30) days; provided, further,
however, that such extended period will not apply to the obligations regarding Exchange Act reporting; or

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(iv)                           any breach on the part of the Master Servicer or the Special Servicer of any representation or warranty contained in Section 6.01(a)
and Section 6.01(b), as applicable, which materially and adversely affects the interests of any Class of Certificateholders
or Companion Holders (excluding the holder of any Non-Serviced Companion Loan) or the RR Interest Owners and which continues unremedied
for a period of thirty (30) days after the date on which notice of such breach, requiring the same to be remedied, shall have been given
to the Master Servicer or the Special Servicer, as the case may be, by the Depositor, the Certificate Administrator or the Trustee, or
to the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and the Trustee by the Holders of Certificates
evidencing Percentage Interests aggregating not less than 25% of Voting Rights or, as it relates to the servicing of a Serviced Whole
Loan affected by such breach, by the holder of the related Serviced Pari Passu Companion Loan; provided, however, that if
such breach is capable of being cured and the Master Servicer or the Special Servicer, as applicable, is diligently pursuing such cure,
such 30-day period will be extended an additional thirty (30) days; or

(v)                                  a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator, receiver, liquidator,
trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings,
or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer or the Special Servicer and
such decree or order shall have remained in force undischarged, undismissed or unstayed for a period of sixty (60) days; or

(vi)                               the Master Servicer or the Special Servicer shall consent to the appointment of a conservator, receiver, liquidator, trustee or
similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or
relating to the Master Servicer or the Special Servicer or of or relating to all or substantially all of its property; or

(vii)                            the Master Servicer or the Special Servicer shall admit in writing its inability to pay its debts generally as they become due,
file a petition to take advantage of any applicable bankruptcy, insolvency or reorganization statute, make an assignment for the benefit
of its creditors, voluntarily suspend payment of its obligations or take any corporate action in furtherance of the foregoing; or

(viii)                         Moody’s
(or, in the case of any Serviced Companion Loan Securities, any applicable rating agency) has (A) qualified, downgraded or withdrawn
its rating or ratings of one or more Classes of Certificates or one or more classes of Serviced Companion Loan Securities, or (B) placed
one or more Classes of Certificates or one or more classes of Serviced Companion Loan Securities on “watch status” in contemplation
of a rating downgrade or withdrawal (and in the case of clauses (A) and (B), such action has not been withdrawn by Moody’s
(or, in the case of any Serviced Companion Loan Securities, any applicable rating agency) (within sixty (60) days of such event) and,
in the case of either of clauses (A) or (B), publicly citing servicing concerns with the Master Servicer or Special Servicer,
as applicable, as the sole or a material factor in such rating action;

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(ix)                                 the Master Servicer or Special Servicer is no longer rated at least “CMS3” or “CSS3”, respectively, by
Fitch and such Master Servicer or Special Servicer is not reinstated to at least that rating within sixty (60) days of the delisting;
or

(x)                                    (i) such Master Servicer or such Special Servicer, as applicable, has failed to maintain a ranking by DBRS Morningstar equal to
or higher than “MOR CS3” as a master servicer or a special servicer, as applicable, and such ranking is not reinstated within
60 days of such event (if such Master Servicer or such Special Servicer, as applicable, has or had a DBRS Morningstar ranking on or after
the Closing Date) or (ii) if such Master Servicer or such Special Servicer, as applicable, has not been ranked by DBRS Morningstar on
or after the Closing Date, and DBRS Morningstar has qualified, downgraded or withdrawn the then-current rating or ratings of one or more
Classes of Certificates or placed one or more Classes of Certificates on “watch status” in contemplation of a rating downgrade
or withdrawal, publicly citing servicing concerns with such Master Servicer or such Special Servicer, as applicable, as the sole or material
factor in such rating action (and such qualification, downgrade, withdrawal or “watch status” placement has not been withdrawn
by DBRS Morningstar within 60 days of such event).

(b)                                  If any Servicer Termination Event with respect to the Master Servicer or the Special Servicer (in either case, for purposes of
this Section 7.01(b), the “Affected Party”) shall occur and be continuing, then, and in each and every
such case, so long as such Servicer Termination Event shall not have been remedied, the Trustee or the Depositor may, and at the written
direction of ((i) prior to the occurrence and continuance of a Control Termination Event and (ii) other than with respect to
any Excluded Loan) the Directing Certificateholder (solely with respect to the Special Servicer) or the Holders of Certificates entitled
to 25% of the Voting Rights, the Trustee shall, terminate (and the Depositor may direct the Trustee to terminate each of the Master Servicer
or the Special Servicer, as applicable, upon five Business Days’ written notice if there is a Servicer Termination Event under clause (iii)(A)
above), by notice in writing to the Affected Party, with a copy of such notice to the Depositor and the Operating Advisor, all of the
rights (subject to Section 3.11 and Section 6.04) and obligations of the Affected Party under this Agreement and
in and to the Mortgage Loans and the proceeds thereof (other than as a Certificateholder or Companion Holder, if applicable); provided,
however, that the Affected Party shall be entitled to the payment of accrued and unpaid compensation and reimbursement through
the date of such termination as provided for under this Agreement for services rendered and expenses incurred. From and after the receipt
by the Affected Party of such written notice except as otherwise provided in this Article VII, all authority and power of
the Affected Party under this Agreement, whether with respect to the Certificates (other than as a Holder of any Certificate), the RR
Interest or the Mortgage Loans or otherwise, shall pass to and be vested in the Trustee with respect to a termination of the Master Servicer
or the Special Servicer pursuant to and under this Section 7.01, and, without limitation, the Trustee is hereby authorized
and empowered to execute and deliver, on behalf of and at the expense of the Affected Party, as attorney-in-fact or otherwise,
any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes
of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents,
or otherwise. The Master Servicer and Special Servicer each agree that if it is terminated pursuant to this Section 7.01(b),
it shall promptly (and in any event no later than twenty (20) Business Days subsequent to its receipt of the notice of termination) provide
the Trustee with all documents and

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records requested by it to enable it to assume
the Master Servicer’s or the Special Servicer’s, as the case may be, functions hereunder, and shall cooperate with the Trustee
in effecting the termination of the Master Servicer’s or the Special Servicer’s, as the case may be, responsibilities and
rights (subject to Section 3.11 and Section 6.04) hereunder, including, without limitation, the transfer within
five (5) Business Days to the Trustee for administration by it of all cash amounts which shall at the time be or should have been credited
by the Master Servicer to the Collection Account or any Servicing Account (if it is the Affected Party), by the Special Servicer to the
REO Account (if it is the Affected Party) or thereafter be received with respect to the Mortgage Loans or any REO Property (provided,
however, that the Master Servicer and the Special Servicer each shall, if terminated pursuant to this Section 7.01(b)
or pursuant to Section 7.01(d) (with respect to the Special Servicer), continue to be entitled to receive all amounts accrued
or owing to it under this Agreement on or prior to the date of such termination, whether in respect of Advances (in the case of the Special
Servicer or the Master Servicer) or otherwise, and it and its Affiliates and the directors, managers, officers, members, employees and
agents of it and its Affiliates shall continue to be entitled to the benefits of Section 3.11 and Section 6.04
notwithstanding any such termination).

(c)                                   If the Master Servicer receives notice of termination under Section 7.01(b) solely due to a Servicer Termination Event
under Section 7.01(a)(viii) or (ix), the Master Servicer shall have a forty-five (45) day period after such notice
in which to find a successor master servicer qualified to act as Master Servicer hereunder in accordance with Section 6.03
and Section 7.02 and to which the Master Servicer can sell its rights to service the Mortgage Loans under this Agreement.
During such forty-five (45) day period the Master Servicer may continue to serve as Master Servicer hereunder. In the event that the
Master Servicer is unable, within such forty-five (45) day period, to cause a qualified successor master servicer to assume the duties
of the Master Servicer hereunder, then and in such event, the Trustee shall assume the obligations of the Master Servicer hereunder.

Notwithstanding Section 7.01(b),
if any Servicer Termination Event on the part of the Special Servicer shall occur and be continuing that affects the Holder of a Serviced
Pari Passu Companion Loan, then, so long as the Special Servicer is not otherwise terminated, the Holder of such Serviced Pari Passu Companion
Loan or the Other Trustee appointed under the related Other Pooling and Servicing Agreement, as applicable, shall be entitled to direct
the Trustee to terminate the Special Servicer with respect to the related Serviced Whole Loan. Any Special Servicer appointed to replace
the Special Servicer with respect to a Serviced Mortgage Loan cannot at any time be (without the prior written consent of the holder of
such Serviced Pari Passu Companion Loan) the Person (or Affiliate thereof) that was terminated at the direction of the holder of the related
Serviced Pari Passu Companion Loan. Any such Special Servicer under this paragraph shall meet the eligibility requirements of Section 7.02
and the eligibility requirements of the related Other Pooling and Servicing Agreement, and the appointment thereof shall comply with the
provisions of Section 7.02. Any appointment of a replacement Special Servicer in accordance with this paragraph shall be subject
to the receipt of Rating Agency Confirmation and confirmation from the rating agencies that such appointment or replacement will not result
in the downgrade, withdrawal or qualification of the then-current ratings of any class of any related Serviced Companion Loan Securities
(provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation
may be considered satisfied with respect to the Certificates pursuant to Section 3.25).

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(d)                                 Subject to the rights of the AB Whole Loan Controlling Holder pursuant to the related Intercreditor Agreement and other than with
respect to any Excluded Loan, the Directing Certificateholder, at any time prior to the occurrence and continuance of a Control Termination
Event, and subject to the right of the Operating Advisor to recommend the termination of the Special Servicer and recommend a Qualified
Replacement Special Servicer and the right of the Certificateholders to approve the replacement of the Special Servicer with such Qualified
Replacement Special Servicer pursuant to this Section 7.01(d), shall be entitled to terminate the rights (subject to Section 3.11
and Section 6.04) and obligations of the Special Servicer under this Agreement, with or without cause, upon ten (10)
Business Days’ notice to the Special Servicer, the Master Servicer, the Certificate Administrator, the Trustee and the Operating
Advisor; such termination to be effective upon the appointment of a successor special servicer meeting the requirements of this Section 7.01(d);
provided that, with respect to a Servicing Shift Whole Loan, the ten (10) Business Days’ notice set forth in this Section 7.01(d)
shall not apply to the related Loan-Specific Directing Certificateholder’s right to terminate the Special Servicer’s
rights and obligations under this Agreement without cause with respect to such Servicing Shift Whole Loan pursuant to the terms of the
related Intercreditor Agreement. Upon a termination of such Special Servicer, the Directing Certificateholder (other than with respect
to any Excluded Loan) shall appoint a successor special servicer; provided, however, that (i) such successor will
meet the requirements set forth in Section 7.02, (ii) each Rating Agency delivers Rating Agency Confirmation and,
in the case of any class of any Serviced Companion Loan Securities the applicable rating agencies deliver a confirmation that such action
will not result in the downgrade, withdrawal or qualification of its then-current ratings (provided that such rating agency
confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect
to the Certificates pursuant to Section 3.25) and (iii) no replacement of the Special Servicer shall be effective
until the Certificate Administrator shall have filed any required Form 8-K pursuant to Section 11.07 hereof and any other
Form 8-K filings have been completed with respect to any related Companion Loan. For the sake of clarity, the recommendation of replacement
of the Special Servicer by the Operating Advisor and the approval of the Certificateholders and the RR Interest Owners of such Qualified
Replacement Special Servicer shall not preclude the Directing Certificateholder from appointing a replacement special servicer, provided
that such replacement may not be the removed Special Servicer or its Affiliate.

After the occurrence and
during the continuance of a Control Termination Event that relates to any Mortgage Loan, upon (a) the written direction of Holders
of Principal Balance Certificates and/or the Class RR Certificates evidencing not less than 25% of the Voting Rights (taking into account
the application of any Cumulative Appraisal Reduction Amounts to notionally reduce the Certificate Balances of such Certificates pursuant
to Section 4.05 hereof) of the Principal Balance Certificates and/or the Class RR Certificates on an aggregate basis requesting
a vote to replace the Special Servicer with a new special servicer designated in such written direction, (b) payment by such Holders
to the Certificate Administrator of the reasonable fees and out-of-pocket expenses (including any legal fees and any Rating Agency fees
and expenses) to be incurred by the Certificate Administrator in connection with administering such vote and which will not be additional
expenses of the Trust and (c) delivery by such Holders to the Certificate Administrator and Trustee of Rating Agency Confirmation
from each Rating Agency (which Rating Agency Confirmation shall be obtained at the expense of such Holders), the Certificate Administrator
shall promptly post notice to all Certificateholders and the RR Interest Owners of such request on the Certificate Administrator’s
Website in accordance with Section 3.13(b) and

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concurrently by mail conduct the solicitation
of votes of all Certificates in such regard, which requisite affirmative votes must be received within one hundred-eighty (180) days
of the posting of such notice, and if not so received, such votes shall be null and void ab initio. Upon the written direction
of Holders of Principal Balance Certificates and/or Class RR Certificates evidencing at least 50% of a Certificateholder Quorum of
Certificates, the Trustee shall terminate all of the rights and obligations of the Special Servicer under this Agreement and appoint the
successor special servicer (which must be a Qualified Replacement Special Servicer) designated by such Certificateholders. The Certificate
Administrator shall include on each Distribution Date Statement a statement that each Certificateholder or each RR Interest Owner may
(i) access such notices via the Certificate Administrator’s Website and (ii) register to receive electronic mail notifications
when such notices are posted thereon. Notwithstanding the foregoing, the Certificateholder’s and the RR Interest Owner’s direction
to remove the Special Servicer shall not apply to any Serviced AB Whole Loan for which it is not subject to an AB Control Appraisal Period.

An AB Whole Loan Controlling
Holder shall have the right, prior to the occurrence and continuance of an AB Control Appraisal Period, to replace the Special Servicer
solely with respect to the related Serviced AB Whole Loan, so long as (A) each Rating Agency delivers a Rating Agency Confirmation;
(B) the successor special servicer has assumed in writing (from and after the date such successor special servicer becomes the Special
Servicer) all of the responsibilities, duties and liabilities of the Special Servicer under this Agreement from and after the date it
becomes the Special Servicer as they relate to any Serviced AB Whole Loan pursuant to an assumption agreement reasonably satisfactory
to the Certificate Administrator; and (C) the Certificate Administrator shall have received an opinion of counsel reasonably satisfactory
to the Certificate Administrator to the effect that (x) the designation of such replacement to serve as Special Servicer is in compliance
with this Agreement, (y) such replacement will be bound by the terms of this Agreement with respect to any Serviced AB Whole Loan,
and (z) subject to customary qualifications and exceptions, this Agreement will be enforceable against such replacement in accordance
with the terms hereof.

The parties hereto acknowledge
that, notwithstanding anything to the contrary contained in this section, in accordance with the related Intercreditor Agreement, if a
servicer termination event on the part of a Non-Serviced Special Servicer remains unremedied and affects the holder of the related Non-Serviced
Mortgage Loan, and such Non-Serviced Special Servicer has not otherwise been terminated, the holder of the related Non-Serviced Mortgage
Loan (or the Trustee (or, prior to a Control Termination Event, the Trustee acting at the direction of the Directing Certificateholder))
shall be entitled to direct the related Non-Serviced Trustee to terminate such Non-Serviced Special Servicer solely with respect to the
related Non-Serviced Whole Loan(s). The appointment (or replacement) of a special servicer with respect to a Non-Serviced Whole Loan will
in any event be subject to Rating Agency Confirmation from each Rating Agency. A replacement special servicer will be selected by the
related Non-Serviced Trustee or, prior to a control termination event (or similarly defined term) under the related Non-Serviced PSA,
by the related Non-Serviced Whole Loan Controlling Holder; provided, however, that any successor special servicer appointed
to replace the special servicer with respect to such Non-Serviced Whole Loan cannot at any time be the Person (or an Affiliate thereof)
that was terminated at the direction of the holder of such Non-Serviced Mortgage Loan, without the prior written consent of the Directing
Certificateholder.

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For so long as a Control Termination Event
is continuing, if the Operating Advisor determines that (i) the Special Servicer is not performing its duties as required hereunder or
is otherwise not acting in accordance with the Servicing Standard and (ii) the replacement of the Special Servicer would be in the best
interest of the Certificateholders and the RR Interest Owners as a collective whole, the Operating Advisor shall deliver to the Trustee
and the Certificate Administrator, with a copy to the Special Servicer, a written report in the form of Exhibit W attached
hereto (which form may be modified or supplemented from time to time to cure any ambiguity or error or to incorporate any additional information,
subject to compliance of such form with the terms and provisions of this Agreement; provided, further, that in no event
shall the information or any other content included in such written recommendation contravene any provision of this Agreement) detailing
the reasons supporting its recommendation (along with relevant information justifying its recommendation) and recommending a suggested
replacement special servicer, which shall be a Qualified Replacement Special Servicer. In such event, the Certificate Administrator shall
promptly post notice to all Certificateholders and the RR Interest Owners of such recommendation and the related report on the Certificate
Administrator’s Website in accordance with Section 3.13(b), and concurrently by mail conduct the solicitation of votes
of all Certificates in such regard, which requisite affirmative votes must be received within one hundred-eighty (180) days of the
posting of such notice, and if not so received, such votes shall be null and void ab initio. Upon (i) the affirmative vote
of Holders of Principal Balance Certificates and the Class RR Certificates evidencing at least a majority of a quorum of Certificateholders
(which, for this purpose, is the Holders of Certificates that (x) evidence at least 20% of the Voting Rights (taking into account the
application of any Appraisal Reduction Amounts to notionally reduce the respective Certificate Balances) of all Principal Balance Certificates
and the Class RR Certificates on an aggregate basis and (y) consist of at least three Certificateholders or Certificate Owners that
are not affiliated with each other) and (ii) receipt of Rating Agency Confirmation from each Rating Agency with respect to the termination
of the Special Servicer and the appointment of a successor special servicer recommended by the Operating Advisor following satisfaction
of the foregoing clause (i) and, with respect to any Serviced Companion Loan Securities, a confirmation of the rating
agencies that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings (provided that such
rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied
with respect to the Certificates pursuant to Section 3.25), the Trustee shall (i) terminate all of the rights and obligations
of the Special Servicer under this Agreement and appoint such successor Special Servicer and (ii) promptly notify such outgoing Special
Servicer of the effective date of such termination. The reasonable out-of-pocket costs and expenses (including reasonable legal
fees and expenses of outside counsel) associated with obtaining such Rating Agency Confirmations and administering such vote and the Operating
Advisor’s identification of a Qualified Replacement Special Servicer shall be an additional expense of the Trust. In the event that
the Certificate Administrator does not receive the affirmative vote of at least a majority of the quorum described in clause (i)
of the preceding sentence, then the Trustee shall have no obligation to remove the Special Servicer. Prior to the appointment of any replacement
special servicer, such replacement special servicer shall have agreed to succeed to the obligations of the Special Servicer under this
Agreement and to act as the Special Servicer’s successor hereunder. Notwithstanding the foregoing, the Operating Advisor shall not
be permitted to recommend the replacement of the Special Servicer with respect to a Serviced AB Whole Loan so long as the AB Whole Loan
Controlling Holder is not subject to an

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AB Control Appraisal Period under the related
Intercreditor Agreement. For the sake of clarity, the recommendation of replacement of the Special Servicer by the Operating Advisor and
the approval of the Certificateholders of such Qualified Replacement Special Servicer shall not preclude the Directing Certificateholder
from appointing a replacement special servicer, provided that such replacement may not be the removed Special Servicer or its Affiliate.

No penalty or fee shall be
payable to the terminated Special Servicer with respect to any termination pursuant to this Section 7.01(d). The reasonable
fees and out-of-pocket expenses of any such termination made by the Directing Certificateholder without cause shall be paid by the Holders
of the Controlling Class.

For the avoidance of doubt,
the indemnification of the Operating Advisor in Section 6.04 shall include, subject to the limitations set forth in Section 6.04,
any action or claim arising from, or relating to, the Operating Advisor’s determination under this Section 7.01(d) (regarding
removal of the Special Servicer), or the result of the vote of the Certificateholders (regarding removal of the Special Servicer).

(e)                                   The Master Servicer and Special Servicer shall, as the case may be, from time to time, take all such reasonable actions as are
required by it in accordance with the related Servicing Standard in order to prevent the Certificates from being placed on “watch”
status or downgraded due to servicing or special servicing, as applicable, concerns by any Rating Agency. In no event shall the remedy
for a breach of the foregoing covenant extend beyond termination pursuant to Section 7.01(a)(viii) and (ix), and the
resulting operation of Section 7.01(b) and (c). The operation of this subsection (e) shall not be construed
to limit the effect of Section 7.01(a)(viii) or (ix).

(f)                                     Notwithstanding the foregoing, (1) if any Servicer Termination Event on the part of the Master Servicer affects a Serviced Companion
Loan, the related holder of a Serviced Companion Loan or the rating on any class of certificates backed, wholly or partially, by any Serviced
Companion Loan Securities, and if the Master Servicer is not otherwise terminated, or (2) if a Servicer Termination Event on the part
of the Master Servicer affects only a Serviced Companion Loan, the related holder of a Serviced Companion Loan or the rating on any class
of certificates backed, wholly or partially, by any Serviced Companion Loan Securities, then the Master Servicer may not be terminated
by or at the direction of the related holder of such Serviced Companion Loan or the holders of any certificates backed, wholly or partially,
by such Serviced Companion Loan, but upon the written direction of the related holder of such Serviced Companion Loan, the Master Servicer
shall be required to appoint a sub-servicer that will be responsible for servicing the related Serviced Whole Loan; provided that
such sub-servicer meets the eligibility requirements of a successor master servicer under Section 7.02.

(g)                                  (i) Notwithstanding anything to the contrary contained in this Section 7.01, with respect to any Excluded Special Servicer
Loan, if any, the Special Servicer shall resign as Special Servicer of that Excluded Special Servicer Loan. Prior to the occurrence and
continuance of a Control Termination Event, if the applicable Excluded Special Servicer Loan is not also an Excluded Loan, the Directing
Certificateholder, shall appoint (and may remove and replace with or without cause) an Excluded Special Servicer, as successor to the
resigning Special Servicer, for the related Excluded Special Servicer Loan in accordance with this Agreement. After the

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occurrence and during the continuance of a
Control Termination Event or if at any time the applicable Excluded Special Servicer Loan is also an Excluded Loan, the resigning Special
Servicer shall use reasonable efforts to select the related Excluded Special Servicer. The Special Servicer shall not have any liability
with respect to the actions or inactions of the applicable Excluded Special Servicer or with respect to the identity of the applicable
Excluded Special Servicer. It shall be a condition to any such appointment that (i) the Rating Agencies confirm that the appointment
would not result in a qualification, downgrade or withdrawal of any of their then-current ratings of the Certificates and the equivalent
from each NRSRO hired to provide ratings with respect to any Serviced Companion Loan Securities, (ii) the related Excluded Special
Servicer, as certified by such Excluded Special Servicer, is a Qualified Replacement Special Servicer and (iii) the related Excluded
Special Servicer delivers to the Depositor (and the Certificate Administrator) and any applicable Other Depositor (and any applicable
Other Certificate Administrator), the information, if any, required under Item 6.02 of Form 8-K pursuant to the Exchange
Act regarding itself in its role as Excluded Special Servicer.

If at any time the Special
Servicer is no longer a Borrower Party (including, without limitation, as a result of the related Mortgaged Property becoming an REO Property)
with respect to an Excluded Special Servicer Loan, (1) the related Excluded Special Servicer shall resign, (2) the related Mortgage Loan
or Serviced Whole Loan shall no longer be an Excluded Special Servicer Loan, (3) the Special Servicer shall become the Special Servicer
again for such related Mortgage Loan or Serviced Whole Loan and (4) the Special Servicer shall be entitled to all special servicing compensation
with respect to such Mortgage Loan or Serviced Whole Loan earned during such time on and after such Mortgage Loan or Serviced Whole Loan
is no longer an Excluded Special Servicer Loan; provided, however, that the related Excluded Special Servicer will not be
required to resign if the Directing Certificateholder determines that such Excluded Special Servicer may continue to serve as Special
Servicer for the applicable Excluded Special Servicer Loan.

The applicable Excluded Special
Servicer shall perform all of the obligations of the Special Servicer for the related Excluded Special Servicer Loan and shall be entitled
to all special servicing compensation with respect to such Excluded Special Servicer Loan earned during such time as the related Mortgage
Loan or Serviced Whole Loan is an Excluded Special Servicer Loan (provided that the Special Servicer shall remain entitled to all
other special servicing compensation with respect all Mortgage Loans and Serviced Whole Loans that are not Excluded Special Servicer Loans
during such time).

If a Servicing Officer of
the Master Servicer, a related Excluded Special Servicer, or the Special Servicer, as applicable, has actual knowledge that a Mortgage
Loan is no longer an Excluded Loan, an Excluded Controlling Class Loan or an Excluded Special Servicer Loan, as applicable, the Master
Servicer, the related Excluded Special Servicer or Special Servicer, as applicable, shall provide prompt written notice thereof to each
of the other parties to this Agreement.

Section 7.02                   Trustee to Act; Appointment of Successor. On and after the time the Master Servicer or the Special Servicer, as the case
may be, either resigns pursuant to subsection (a) of the first sentence of Section 6.05 or receives a notice of termination
for cause pursuant to Section 7.01(b), and provided that no acceptable successor has been appointed within

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the time period specified in Section 7.01(c),
the Trustee shall be the successor to such party, until such successor to the Master Servicer or the Special Servicer, as applicable,
is appointed as provided in this Section 7.02 or by the Directing Certificateholder as provided in Section 7.01(d),
as applicable, in all respects in its capacity as Master Servicer or Special Servicer, as applicable, under this Agreement and the transactions
set forth or provided for herein and shall be subject to, and have the benefit of, all of the rights, (subject to Section 3.11
and Section 6.04) benefits, responsibilities, duties, liabilities and limitations on liability relating thereto and that arise
thereafter placed on or for the benefit of the Master Servicer or Special Servicer, as applicable, by the terms and provisions hereof;
provided, however, that any failure to perform such duties or responsibilities caused by the terminated party’s failure
under Section 7.01 to provide information or moneys required hereunder shall not be considered a default by such successor
hereunder. The appointment of a successor master servicer shall not affect any liability of the predecessor Master Servicer which may
have arisen prior to its termination as Master Servicer, and the appointment of a successor special servicer shall not affect any liability
of the predecessor Special Servicer which may have arisen prior to its termination as Special Servicer. The Trustee in its capacity as
successor to the Master Servicer or the Special Servicer, as the case may be, shall not be liable for any of the representations and warranties
of the Master Servicer or the Special Servicer, respectively, herein or in any related document or agreement, for any acts or omissions
of the predecessor Master Servicer or Special Servicer or for any losses incurred by the predecessor Master Servicer pursuant to Section 3.06
hereunder, nor shall the Trustee be required to purchase any Mortgage Loan hereunder solely as a result of its obligations as successor
master servicer or special servicer, as the case may be. Subject to Section 3.11, as compensation therefor, the Trustee as
successor master servicer shall be entitled to the Servicing Fees and all fees relating to the Mortgage Loans or the Companion Loans which
the Master Servicer would have been entitled to if the Master Servicer had continued to act hereunder, including but not limited to any
income or other benefit from any Permitted Investment pursuant to Section 3.06, and subject to Section 3.11, and
the Trustee as successor to the Special Servicer shall be entitled to the Special Servicing Fees to which the Special Servicer would have
been entitled if the Special Servicer had continued to act hereunder. Should the Trustee succeed to the capacity of the Master Servicer
or the Special Servicer, as the case may be, the Trustee shall be afforded the same standard of care and liability as the Master Servicer
or the Special Servicer, as applicable, hereunder notwithstanding anything in Section 8.01 to the contrary, but only with
respect to actions taken by it in its role as successor master servicer or successor special servicer, as the case may be, and not with
respect to its role as Trustee hereunder. Notwithstanding the above, the Trustee may, if it shall be unwilling to act as successor to
the Master Servicer or the Special Servicer, as applicable, or shall, if it is unable to so act, or if the Trustee is not approved as
a servicer by each Rating Agency, or if, (i) prior to the occurrence and continuance of a Control Termination Event and (ii) other
than with respect to any Excluded Loan, the Directing Certificateholder or the Holders of Certificates entitled to 25% of the Voting Rights
so request in writing to the Trustee, promptly appoint, or petition a court of competent jurisdiction to appoint, any established mortgage
loan servicing institution which meets the criteria set forth in Section 6.05 and otherwise herein, as the successor to the
Master Servicer or the Special Servicer, as applicable, hereunder in the assumption of all or any part of the responsibilities, duties
or liabilities of the Master Servicer or Special Servicer hereunder. No appointment of a successor to the Master Servicer or the Special
Servicer hereunder shall be effective until (i) the assumption in writing by the successor to the Master Servicer or the Special
Servicer of all its responsibilities, duties and liabilities hereunder that arise thereafter, (ii) upon

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receipt of Rating Agency Confirmation from
each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or
qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency
confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect
to the Certificates pursuant to Section 3.25), (iii) which appointment has been approved (prior to the occurrence and
continuance of a Control Termination Event and other than with respect to an Excluded Loan) by the Directing Certificateholder, such approval
not to be unreasonably withheld and (iv) the Certificate Administrator shall have filed any required Form 8-K pursuant to Section 11.07
hereof and any other Form 8-K filings have been completed with respect to any related Companion Loan. Pending appointment of a successor
to the Master Servicer or the Special Servicer hereunder, unless the Trustee shall be prohibited by law from so acting, the Trustee shall
act in such capacity as herein above provided. In connection with such appointment and assumption of a successor to the Master Servicer
or Special Servicer as described herein, the Trustee may make such arrangements for the compensation of such successor out of payments
on the Mortgage Loans as it and such successor shall agree; provided, however, that no such compensation with respect to
a successor master servicer or successor special servicer, as the case may be, shall be in excess of that permitted the terminated Master
Servicer or Special Servicer, as the case may be, hereunder. The Trustee, the Master Servicer or the Special Servicer (whichever is not
the terminated party) and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any
such succession. Any costs and expenses associated with the transfer of the servicing function (other than with respect to a termination
without cause) under this Agreement shall be borne by the predecessor Master Servicer or Special Servicer, as applicable. If such predecessor
Master Servicer or Special Servicer (as the case may be) has not reimbursed the party requesting such termination or the successor master
servicer or special servicer for such expenses within ninety (90) days after the presentation of reasonable documentation, such expense
shall be reimbursed by the Trust; provided that the terminated Master Servicer or Special Servicer shall not thereby be relieved
of its liability for such expenses. If and to the extent that the terminated Master Servicer or Special Servicer has not reimbursed such
costs and expenses, the party requesting such termination shall have an affirmative obligation to take all reasonable actions to collect
such expenses on behalf of the Trust. In the event of a termination without cause, such costs and expenses shall be borne by the party
requesting such termination, or as otherwise set forth herein; provided that the Certificate Administrator and the Trustee shall
not bear any such costs and expenses. For the avoidance of doubt, if the Trustee is terminating the Master Servicer or Special Servicer
in accordance with this Agreement at the direction of any party or parties permitted to direct the Trustee to so terminate the Master
Servicer or Special Servicer pursuant to this Agreement, the Trustee shall not have any liability for such expenses pursuant to this paragraph.

Section 7.03                   Notification to Certificateholders and the RR Interest Owners. (a) Upon any resignation of the Master Servicer or the
Special Servicer pursuant to Section 6.05, any termination of the Master Servicer or the Special Servicer pursuant to Section 7.01
or any appointment of a successor to the Master Servicer or the Special Servicer pursuant to Section 7.02, the Certificate
Administrator shall give prompt written notice thereof to Certificateholders and the RR Interest Owners at their respective addresses
appearing in the Certificate Register (in the case of the Certificateholders) or, in the case of an RR Interest Owner, as identified to
the Certificate Administrator.

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(b)                                  Not
later than the later of (i) sixty (60) days after the occurrence of any event which constitutes or, with notice or lapse of time
or both, would constitute a Servicer Termination Event and (ii) five (5) days after the Certificate Administrator would be deemed
to have notice of the occurrence of such an event in accordance with Section 8.02(vii), the Certificate Administrator shall
transmit by mail to the Depositor and all Certificateholders and the RR Interest Owners (and, if a Serviced Whole Loan is affected, the
related Serviced Companion Noteholder) notice of such occurrence, unless such default shall have been cured.

Section 7.04                   Waiver of Servicer Termination Events. The Holders of Certificates representing at least 66 2/3% of the Voting Rights allocated
to each Class of Certificates affected by any Servicer Termination Event hereunder may waive such Servicer Termination Event within twenty
(20) days of the receipt of notice from the Certificate Administrator of the occurrence of such Servicer Termination Event; provided,
however, that a Servicer Termination Event under clause (i), (ii), (viii), (ix) or (x) of Section 7.01(a)
may be waived only by all of the Certificateholders of the affected Classes and a Servicer Termination Event under clause (iii)
of Section 7.01(a) relating to Exchange Act reporting may be waived only with the consent of the Depositor. Upon any such
waiver of a Servicer Termination Event, such Servicer Termination Event shall cease to exist and shall be deemed to have been remedied
for every purpose hereunder. Upon any such waiver of a Servicer Termination Event by Certificateholders, the Trustee and the Certificate
Administrator shall be entitled to recover all costs and expenses incurred by it in connection with enforcement action taken with respect
to such Servicer Termination Event prior to such waiver from the Trust. No such waiver shall extend to any subsequent or other Servicer
Termination Event or impair any right consequent thereon except to the extent expressly so waived. Notwithstanding any other provisions
of this Agreement, for purposes of waiving any Servicer Termination Event pursuant to this Section 7.04, Certificates registered
in the name of the Depositor or any Affiliate of the Depositor shall be entitled to the same Voting Rights with respect to the matters
described above as they would if any other Person held such Certificates.

Section 7.05                   Trustee as Maker of Advances. In the event that the Master Servicer fails to fulfill its obligations hereunder to make any
Advances and such failure remains uncured, the Trustee shall perform such obligations (x) within five (5) Business Days following
such failure by the Master Servicer with respect to Servicing Advances resulting in a Servicer Termination Event under Section 7.01(a)(iii)
hereof to the extent a Responsible Officer of the Trustee has actual knowledge of such failure with respect to such Servicing Advances
and (y) by noon, New York City time, on the related Distribution Date with respect to P&I Advances pursuant to the Certificate
Administrator’s notice of failure pursuant to Section 4.03(a) unless such failure has been cured. With respect to any
such Advance made by the Trustee, the Trustee shall succeed to all of the Master Servicer’s rights with respect to Advances hereunder,
including, without limitation, the Master Servicer’s rights of reimbursement and interest on each Advance at the Reimbursement Rate,
and rights to determine that a proposed Advance is a Nonrecoverable P&I Advance or Servicing Advance, as the case may be, (without
regard to any impairment of any such rights of reimbursement caused by such Master Servicer’s default in its obligations hereunder);
provided, however, that if Advances made by the Trustee and the Master Servicer shall at any time be outstanding, or any
interest on any Advance shall be accrued and unpaid, all amounts available to repay such Advances and the interest thereon hereunder shall
be applied entirely to the Advances outstanding to the Trustee, until such Advances shall have been repaid in full, together with all
interest accrued thereon, prior to reimbursement of the Master Servicer for such Advances. The

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Trustee shall be entitled to conclusively rely
on any notice given with respect to a Nonrecoverable Advance hereunder.

[End of Article VII]

Article VIII

CONCERNING THE TRUSTEE AND THE CERTIFICATE ADMINISTRATOR

Section 8.01                   Duties of the Trustee and the Certificate Administrator. (a) The Trustee and the Certificate Administrator, prior to
the occurrence of a Servicer Termination Event and after the curing or waiving of all Servicer Termination Events which may have occurred,
undertake to perform such duties and only such duties as are specifically set forth in this Agreement. If a Servicer Termination Event
occurs and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree
of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of his own affairs.
Any permissive right of the Trustee and the Certificate Administrator contained in this Agreement shall not be construed as a duty.

(b)                                  The Trustee or the Certificate Administrator, upon receipt of all resolutions, certificates, statements, opinions, reports, documents,
orders or other instruments furnished to the Trustee or the Certificate Administrator which are specifically required to be furnished
to the Trustee or the Certificate Administrator pursuant to any provision of this Agreement (other than the Mortgage Files, the review
of which is specifically governed by the terms of Article II, any CREFC® reports and any information delivered
for posting to the Certificate Administrator’s Website or the 17g-5 Information Provider’s Website), shall examine them to
determine whether they conform to the requirements of this Agreement. If any such instrument is found not to conform to the requirements
of this Agreement in a material manner, the Trustee or the Certificate Administrator shall notify the party providing such instrument
and requesting the correction thereof. The Trustee or the Certificate Administrator shall not be responsible for the accuracy or content
of any resolution, certificate, statement, opinion, report, document, order or other instrument furnished by the Depositor, the Master
Servicer or the Special Servicer or another Person, and accepted by the Trustee or the Certificate Administrator in good faith, pursuant
to this Agreement.

(c)                                   No provision of this Agreement shall be construed to relieve the Trustee or the Certificate Administrator from liability for its
own negligent action, its own negligent failure to act or its own willful misconduct or bad faith; provided, however, that:

(i)                                      Prior to the occurrence of a Servicer Termination Event, and after the curing of all such Servicer Termination Events which may
have occurred, the duties and obligations of the Trustee and the Certificate Administrator shall be determined solely by the express provisions
of this Agreement, the Trustee and the Certificate Administrator shall not be liable except for the performance of such duties and obligations
as are specifically set forth in this Agreement, no implied covenants or obligations shall be read into this Agreement against the Trustee
and the Certificate Administrator and, in the absence of bad faith on the part of the Trustee and the Certificate Administrator, the Trustee

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and the Certificate Administrator may
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions
furnished to the Trustee or the Certificate Administrator and conforming to the requirements of this Agreement;

(ii)                                   Neither the Trustee nor the Certificate Administrator, as applicable, shall be liable for an error of judgment made in good faith
by a Responsible Officer or Responsible Officers of the Trustee or the Certificate Administrator, respectively, unless it shall be proved
that the Trustee or the Certificate Administrator, as applicable, was negligent in ascertaining the pertinent facts; and

(iii)                                Neither the Trustee nor the Certificate Administrator, as applicable, shall be liable with respect to any action taken, suffered
or omitted to be taken by it in good faith in accordance with the direction of Holders of Certificates evidencing not less than 25% of
the percentage interest of each affected Class, or of the Voting Rights of the Certificates, relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee or the Certificate Administrator, or exercising any trust or power conferred
upon the Trustee or the Certificate Administrator, under this Agreement (unless a higher percentage of Voting Rights is required for such
action).

(d)                                  The Certificate Administrator shall make available via its internet website initially located at www.ctslink.com to the Serviced
Companion Noteholders all reports that the Certificate Administrator has made available to Certificateholders and the RR Interest Owners
under this Agreement to the extent such reports relate to the related Serviced Companion Loan and upon the submission of an Investor Certification
pursuant to this Agreement.

Section 8.02                   Certain Matters Affecting the Trustee and the Certificate Administrator. Except as otherwise provided in Section 8.01:

(i)                                      The Trustee and the Certificate Administrator may rely upon and shall be protected in acting or refraining from acting upon any
resolution, direction of the Depositor, Officer’s Certificate, certificate of auditors or any other certificate, statement, instrument,
opinion, report, notice, request, consent, order, Appraisal, bond or other paper or document reasonably believed by it to be genuine and
to have been signed or presented by the proper party or parties;

(ii)                                   The Trustee and the Certificate Administrator may consult with counsel and the advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good
faith and in accordance therewith;

(iii)                                Neither the Trustee nor the Certificate Administrator shall be under any obligation to exercise any of the trusts or powers vested
in it by this Agreement or the Certificates or the RR Interest or to make any investigation of matters arising hereunder or to institute,
conduct or defend any litigation hereunder or in relation hereto at the request, order or direction of any of the Certificateholders or
the RR Interest Owners, pursuant to the provisions of this Agreement, unless such Certificateholders or the RR Interest Owners

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shall have offered to the Trustee or
the Certificate Administrator, as applicable, security or indemnity reasonably satisfactory to it, against the costs, expenses and liabilities
which may be incurred therein or thereby; neither the Trustee nor the Certificate Administrator shall be required to expend or risk its
own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its
rights or powers, unless repayment of such funds or indemnity reasonably satisfactory to it against such risk or liability is reasonably
assured to it; nothing contained herein shall, however, relieve the Trustee of the obligation, upon the occurrence of a Servicer Termination
Event which has not been cured, to exercise such of the rights and powers vested in it by this Agreement, and to use the same degree of
care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs;

(iv)                               Neither the Trustee nor the Certificate Administrator shall be liable for any action reasonably taken, suffered or omitted by it
in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;

(v)                                  Prior to the occurrence of a Servicer Termination Event hereunder and after the curing of all Servicer Termination Events which
may have occurred, neither the Trustee nor the Certificate Administrator shall be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other
paper or document, unless requested in writing to do so by Holders of Certificates entitled to more than 50% of the Voting Rights; provided,
however, that if the payment within a reasonable time to the Trustee or the Certificate Administrator of the costs, expenses or
liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee or the Certificate Administrator,
respectively, not reasonably assured to the Trustee or the Certificate Administrator by the security afforded to it by the terms of this
Agreement, the Trustee or the Certificate Administrator, respectively, may require indemnity reasonably satisfactory to it from such requesting
Holders against such expense or liability as a condition to taking any such action. The reasonable expense of every such reasonable examination
shall be paid by the requesting Holders;

(vi)                               The Trustee or the Certificate Administrator may execute any of the trusts or powers hereunder or perform any duties hereunder
either directly or by or through agents, affiliates or attorneys; provided, however, that the appointment of such agents,
affiliates or attorneys shall not relieve the Trustee or the Certificate Administrator of its duties or obligations hereunder; provided,
further, that the Trustee or the Certificate Administrator, as the case may be, may not perform any duties hereunder through any
Person that is a Prohibited Party;

(vii)                            For all purposes under this Agreement, neither the Trustee nor the Certificate Administrator shall be deemed to have notice of
any Servicer Termination Event or Asset Representations Reviewer Termination Event or any act, failure or breach of any Person upon the
occurrence of which the Trustee or the Certificate Administrator may be required to act unless a Responsible Officer of the Trustee or
the Certificate Administrator, as applicable, has actual knowledge thereof or unless written notice of any event, act, failure or breach
which is in fact such a default is received by the Trustee or the

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Certificate Administrator at the respective
Corporate Trust Office, and such notice references the Certificates, the RR Interest or this Agreement;

(viii)                         Neither the Trustee nor the Certificate Administrator shall be responsible for any act or omission of the Master Servicer, the
Special Servicer (unless the Trustee is acting as Master Servicer or Special Servicer, as the case may be, in which case the Trustee shall
only be responsible for its own actions as Master Servicer or Special Servicer), the Operating Advisor, the Asset Representations Reviewer
or the Depositor;

(ix)                                 Neither the Trustee nor the Certificate Administrator shall in any way be liable by reason of any insufficiency in the Trust Fund
unless it is determined by a court of competent jurisdiction that the Trustee’s or Certificate Administrator’s, as applicable,
negligence or willful misconduct was the primary cause of such insufficiency;

(x)                                    In no event shall the Trustee or the Certificate Administrator be liable for any failure or delay in the performance of its obligations
hereunder due to force majeure or acts of God; provided that such failure or delay is not also a result of its own negligence,
bad faith or willful misconduct;

(xi)                                 Except as otherwise expressly set forth in this Agreement, Computershare Trust Company, National Association acting in any particular
capacity hereunder will not be deemed to be imputed with knowledge of (a) Computershare Trust Company, National Association acting in
a capacity that is unrelated to the transactions contemplated by this Agreement, or (b) Computershare Trust Company, National Association
acting in any other capacity hereunder, except, in the case of either clause (a) or clause (b), where some or all of the
obligations performed in such capacities are performed by one or more employees within the same group or division of Computershare Trust
Company, National Association or where the groups or divisions responsible for performing the obligations in such capacities have one
or more of the same Responsible Officers; provided, however, the knowledge of employees performing special servicing functions
shall not be imputed to employees performing master servicing functions, and the knowledge of employees performing master servicing functions
shall not be imputed to employees performing special servicing functions;

(xii)                              Nothing herein shall require the Trustee or the Certificate Administrator to act in any manner that is contrary to applicable law;
and

(xiii)                           Nothing herein shall be construed as an obligation for any party to this Agreement to advise a Certificateholder or a RR Interest
Owner with respect to its rights and protections relative to the Trust.

The Certificate Administrator
shall be entitled to all of the same rights, protections, immunities and indemnities afforded to it as Certificate Administrator, as the
case may be, in each capacity for which it serves hereunder (including, without limitation, as Custodian, Certificate Registrar, 17g-5
Information Provider and Authenticating Agent).

Section 8.03                   Trustee and Certificate Administrator Not Liable for Validity or Sufficiency of Certificates, RR Interest or Mortgage Loans.
The recitals contained herein and in

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the Certificates, other than the acknowledgments
of the Trustee or the Certificate Administrator in Sections 2.02 and 2.04 and the signature, if any, of the Certificate
Registrar and Authenticating Agent set forth on any outstanding Certificate, shall not be taken as the statements of the Depositor, the
Master Servicer or the Special Servicer, as the case may be, and the Trustee or the Certificate Administrator assume no responsibility
for their correctness. Neither the Trustee nor the Certificate Administrator makes any representations as to the validity or sufficiency
of this Agreement or of any Certificate (other than as to the signature, if any, of the Trustee or the Certificate Administrator set forth
thereon) or of the RR Interest, any Mortgage Loan or related document. Neither the Trustee nor the Certificate Administrator shall be
accountable for the use or application by the Depositor of any of the Certificates issued to it or of the proceeds of such Certificates
or the RR Interest, or for the use or application of any funds paid to the Depositor in respect of the assignment of the Mortgage Loans
to the Trust, or any funds deposited in or withdrawn from the Collection Account or any other account by or on behalf of the Depositor,
the Master Servicer, the Special Servicer or in the case of the Trustee, the Certificate Administrator. The Trustee and the Certificate
Administrator shall not be responsible for the accuracy or content of any resolution, certificate, statement, opinion, report, document,
order or other instrument furnished by the Depositor, the Master Servicer or the Special Servicer and accepted by the Trustee or the Certificate
Administrator, in good faith, pursuant to this Agreement.

Section 8.04                   Trustee or Certificate Administrator May Own Certificates. The Trustee or the Certificate Administrator, each in its individual
capacity, not as Trustee or Certificate Administrator, may become the owner or pledgee of Certificates, and may deal with the Depositor,
the Master Servicer, the Special Servicer or the Underwriters in banking transactions, with the same rights it would have if it were not
Trustee or the Certificate Administrator.

Section 8.05                   Fees and Expenses of Trustee and Certificate Administrator; Indemnification of Trustee and Certificate Administrator. (a) As
compensation for the performance of their respective duties hereunder, the Trustee will be paid the Trustee Fee, which shall cover recurring
and otherwise reasonably anticipated expenses of the Trustee, and the Certificate Administrator will be paid the Certificate Administrator
Fee equal to the Certificate Administrator’s portion of one month’s interest at the Certificate Administrator Fee Rate, which
shall cover recurring and otherwise reasonably anticipated expenses of the Certificate Administrator. The Trustee Fee and Certificate
Administrator Fee shall be paid monthly on a Mortgage Loan-by-Mortgage Loan basis. As to each Mortgage Loan and REO Loan (other
than the portion of an REO Loan related to any Companion Loan), the Certificate Administrator shall pay to the Trustee monthly the Trustee
Fee from the Certificate Administrator Fee, which Certificate Administrator Fee shall accrue from time to time at the Certificate Administrator
Fee Rate and the Certificate Administrator Fee shall be computed on the basis of the Stated Principal Balance of such Mortgage Loan and
a 360-day year consisting of twelve 30-day months. The Trustee Fee (which shall not be limited to any provision of law in regard
to the compensation of a trustee of an express trust) shall constitute the Trustee’s sole form of compensation for all services
rendered by it in the execution of the trusts hereby created and in the exercise and performance of any of the powers, rights and duties
of the Trustee hereunder, except for the reimbursement of expenses specifically provided for herein. The Certificate Administrator Fee
shall constitute the Certificate Administrator’s sole form of compensation for the exercise and performance of its powers and duties
hereunder, except for the reimbursement of expenses specifically provided for

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herein. No Trustee Fee or Certificate Administrator
Fee shall be payable with respect to any Companion Loan.

(b)                                  The Trustee, the Certificate Administrator (in each case, including in its capacity as Custodian and in its individual capacity)
and any director, officer, employee, representative or agent of the Trustee and the Certificate Administrator, respectively, shall be
entitled to be indemnified and held harmless by the Trust (to the extent of amounts on deposit in the Collection Account or the Lower-Tier
REMIC Distribution Account, as applicable, from time to time) against any loss, liability or expense (including, without limitation, costs
and expenses of litigation, and of investigation, counsel fees, damages, judgments and amounts paid in settlement, and expenses incurred
in becoming successor master servicer or successor special servicer, to the extent not otherwise paid hereunder) arising out of, or incurred
in connection with, any act or omission of the Trustee or the Certificate Administrator, respectively, relating to its enforcement of
its indemnification under this Agreement or relating to the exercise and performance of any of the powers, rights and duties of the Trustee
or the Certificate Administrator, respectively, hereunder; provided, however, that none of the Trustee or the Certificate
Administrator, nor any of the other above specified Persons shall be entitled to indemnification pursuant to this Section 8.05(b)
for (i) allocable overhead, (ii) expenses or disbursements incurred or made by or on behalf of the Trustee or the Certificate
Administrator, respectively, in the normal course of the Trustee or the Certificate Administrator, respectively, performing its duties
in accordance with any of the provisions hereof, which are not “unanticipated expenses incurred by the REMIC” within the meaning
of Treasury Regulations Section 1.860G-1(b)(3)(ii), (iii) any expense or liability specifically required to be borne thereby
pursuant to the terms hereof or (iv) any loss, liability or expense incurred by reason of willful misconduct, bad faith or negligence
in the performance of the Trustee’s or the Certificate Administrator’s, respectively, obligations and duties hereunder, or
by reason of negligent disregard of such obligations or duties, or as may arise from a breach of any representation or warranty of the
Trustee specified in Section 8.12 or the Certificate Administrator specified in Section 8.14, respectively, made
herein. The provisions of this Section 8.05(b) shall survive the termination of this Agreement and any resignation or removal
of the Trustee or the Certificate Administrator, respectively, and appointment of a successor thereto. The foregoing indemnity shall also
apply to the Certificate Administrator in all of its capacities hereunder, including Custodian, Certificate Registrar and Authenticating
Agent.

(c)                                   Each of the Certificate Administrator, Master Servicer and Special Servicer shall indemnify and hold harmless the Depositor (and,
with respect to Certificate Administrator, the Mortgage Loan Sellers) from and against any claims, losses, damages, penalties, fines,
forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses incurred by the Depositor (and, with respect
to the Certificate Administrator, any Mortgage Loan Seller or its Affiliates) pursuant to a third party claim under the Securities Act,
the Exchange Act or otherwise that arise out of or are based upon (A)(i) with respect to the Certificate Administrator, a breach
by the Certificate Administrator, in its capacity as 17g-5 Information Provider or in any other capacity in which the Certificate Administrator
is required to make information available to a Privileged Person that is an NRSRO, of its obligations under this Agreement or (ii) negligence,
bad faith or willful misconduct on the part of the Certificate Administrator, in its capacity as 17g-5 Information Provider or in any
other capacity in which the Certificate Administrator is required to make information available to a Privileged Person that is an NRSRO,
in the performance of such obligations or its negligent disregard of its obligations and duties under this Agreement or

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(B) with respect to the Master Servicer and
Special Servicer, severally and not jointly (i) a breach by the Master Servicer or Special Servicer, as applicable, of any of its obligations
to deliver information to the 17g-5 Information Provider as set forth in this Agreement, including Section 3.07(a), Section 3.08,
Section 3.09(e), Section 3.12, Section 3.17(c), Section 3.18(g), Section 11.09,
Section 11.10 and Section 11.11, or (ii) a breach by the Master Servicer or Special Servicer, as applicable, of
any of its obligations set forth in Sections 3.13(d), (g) and (i).

Section 8.06                   Eligibility Requirements for Trustee and Certificate Administrator. Each of the Trustee and the Certificate Administrator
hereunder shall at all times be, and shall resign if it fails to be, (i) a corporation, national bank, national banking association
or a trust company, organized and doing business under the laws of any state or the United States of America, authorized under such laws
to exercise corporate trust powers and to accept the trust conferred under this Agreement, having a combined capital and surplus of at
least $100,000,000, subject to supervision or examination by federal or state authority, an entity that is not a Prohibited Party and
(ii)(A) in the case of the Trustee (1) shall not be an Affiliate of the Master Servicer or the Special Servicer (except during any period
when the Trustee is acting as, or has become successor to, the Master Servicer or the Special Servicer, as the case may be, pursuant to
Section 7.02) and (2) an institution whose long-term senior unsecured debt is rated at least “A2” by Moody’s
or an issuer rating of at least “A2” by Moody’s or which has a long-term counterparty risk assessment of at least “A2(cr)”
by Moody’s (provided, however, that the Trustee may maintain a long term unsecured debt rating of at least “Baa3”
by Moody’s if the Servicer maintains a long-term senior unsecured debt rating of at least “A2” by Moody’s), “A”
by Fitch (or short-term debt rating of “F1” by Fitch) and, if rated by DBRS Morningstar, “A” by DBRS Morningstar
(or if not rated by DBRS Morningstar, then at least an equivalent rating by two other NRSROs, which may include Moody’s and Fitch)
and (B) in the case of the Certificate Administrator, an institution whose long-term senior unsecured debt is rated at least “Baa3”
by Moody’s or an issuer rating of “Baa3” by Moody’s and “BBB(high)” by DBRS Morningstar, except that
with respect to the DBRS Morningstar rating, in the case of Computershare Trust Company, National Association, it will not become ineligible
as long as it maintains a long-term senior unsecured debt rating or issuer rating of “BBB” by any NRSRO; provided,
further, that if either the Trustee or the Certificate Administrator is not rated by DBRS Morningstar, it maintains an equivalent
(or higher) rating by any two other NRSROs (which may include Moody’s and/or Fitch), or (C) in the case of each of the Certificate
Administrator and the Trustee, as otherwise acceptable to each Rating Agency as evidenced by the receipt of a Rating Agency Confirmation.

If such corporation, national
bank or national banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid
supervising or examining authority, then for the purposes of this Section 8.06 the combined capital and surplus of such corporation,
national bank or national banking association shall be deemed to be its combined capital and surplus as set forth in its most recent report
of condition so published. In the event the place of business from which the Certificate Administrator administers the Trust REMICs or
in which the Trustee’s office is located is in a state or local jurisdiction that imposes a tax on the Trust on the net income of
a REMIC (other than a tax corresponding to a tax imposed under the REMIC Provisions) or a grantor trust, the Certificate Administrator
or the Trustee, as applicable, shall elect either to (i) resign immediately in the manner and with the effect specified in Section 8.07,
(ii) pay such tax at no expense to the Trust or (iii) administer the Trust REMICs, from a state and local jurisdiction that
does not impose such a tax.

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Section 8.07                  Resignation and Removal of the
Trustee and Certificate Administrator. (a) The Trustee and the Certificate Administrator may at any time resign and be
discharged from the trusts hereby created by giving not less than sixty (60) days’ prior written notice thereof to the
Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable, the Operating
Advisor, the Asset Representations Reviewer, 17g-5 Information Provider, and all Certificateholders and the RR Interest Owners.
The Certificate Administrator shall post such notice to the Certificate Administrator’s Website in accordance with Section 3.13(b)
and provide notice of such event to the Master Servicer, the Special Servicer, the Depositor and the 17g-5 Information Provider,
which shall promptly post such notice to the 17g-5 Information Provider’s Website in accordance with Section 3.13(c).
Upon receiving such notice of resignation, the Depositor shall use its reasonable best efforts to promptly appoint a successor
trustee or certificate administrator acceptable to, prior to the occurrence and continuance of a Control Termination Event, the
Directing Certificateholder by written instrument, in duplicate, which instrument shall be delivered to the resigning Trustee or
Certificate Administrator and to the successor trustee or certificate administrator. A copy of such instrument shall be delivered to
the Master Servicer, the Special Servicer, the Certificateholders and the RR Interest Owners and the Certificate Administrator or
the Trustee, as applicable, by the Depositor. In the event of a resignation pursuant to this Section 8.07(a), the
resigning Trustee or Certificate Administrator, as the case may be, must pay all costs and expenses associated with the transfer of
its responsibilities. If no successor trustee or certificate administrator shall have been so appointed and have accepted
appointment within ninety (90) days after the giving of such notice of resignation, the resigning Trustee or Certificate
Administrator may petition any court of competent jurisdiction for the appointment of a successor trustee or certificate
administrator, as applicable, and any expenses associated with such petition shall be an expense of the Trust.

(b)                                  If at any time the Trustee or Certificate Administrator shall cease to be eligible in accordance with the provisions of Section 8.06
(and in the case of the Certificate Administrator, Section 5.08) and shall fail to resign after written request therefor by
the Depositor or the Master Servicer, or if at any time the Trustee or Certificate Administrator shall become incapable of acting, or
shall be adjudged bankrupt or insolvent, or a receiver of the Trustee or the Certificate Administrator or of its property shall be appointed,
or any public officer shall take charge or control of the Trustee or Certificate Administrator or of its property or affairs for the purpose
of rehabilitation, conservation or liquidation, or if the Trustee or Certificate Administrator (if different than the Trustee) shall fail
(other than by reason of the failure of either the Master Servicer or the Special Servicer to timely perform its obligations hereunder
or as a result of other circumstances beyond the Trustee’s or Certificate Administrator’s, as applicable, reasonable control),
to timely publish any report to be delivered, published or otherwise made available by the Certificate Administrator pursuant to Section 4.02
and such failure shall continue unremedied for a period of five (5) days, or if the Certificate Administrator fails to make distributions
required pursuant to Section 4.01 or Section 9.01, then the Depositor may remove the Trustee or Certificate Administrator,
as applicable, and appoint a successor trustee or certificate administrator acceptable to the Master Servicer, by written instrument,
in duplicate, which instrument shall be delivered to the Trustee or Certificate Administrator so removed and to the successor trustee
or certificate administrator in the case of the removal of the Trustee or Certificate Administrator. A copy of such instrument shall be
delivered to the Master Servicer, the Special Servicer and the Certificateholders and the RR Interest Owners by the Depositor. If no successor
trustee or certificate administrator has accepted an appointment within ninety (90) days after the giving of

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notice of removal, the removed trustee or certificate
administrator, as applicable, may petition any court of competent jurisdiction to appoint a successor trustee or certificate administrator,
as applicable, and such petition shall be an expense of the Trust. In the event of any such termination with cause pursuant to this Section 8.07(b),
the successor trustee or certificate administrator, as applicable, shall be responsible for all costs and expenses necessary to effect
the transfer of responsibilities from its predecessor.

(c)                                   The Holders of Certificates entitled to at least 50% of the Voting Rights may at any time upon thirty (30) days’ prior written
notice, with or without cause, remove the Trustee or Certificate Administrator and appoint a successor trustee or certificate administrator
by written instrument or instruments, in triplicate, signed by such Holders or their attorneys-in-fact duly authorized, one complete
set of which instruments shall be delivered to the Master Servicer, one complete set to the Trustee or Certificate Administrator so removed
and one complete set to the successor so appointed. A copy of such instrument shall be delivered to the Depositor, the Special Servicer
and the remaining Certificateholders and the RR Interest Owners by the Master Servicer. In the event of any such termination without cause
pursuant to this Section 8.07(c), the successor trustee or certificate administrator, as applicable, shall be responsible
for all costs and expenses necessary to effect the transfer of responsibilities from its predecessor.

(d)                                  Any resignation or removal of the Trustee or Certificate Administrator and appointment of a successor trustee or certificate administrator
pursuant to any of the provisions of this Section 8.07 shall not become effective until (i) acceptance of appointment
by the successor trustee or certificate administrator as provided in Section 8.08 and (ii) the Certificate Administrator
shall have filed any required Form 8-K pursuant to Section 11.07 hereof and any other Form 8-K filings have been completed
with respect to any related Companion Loan.

If the same party is acting
as Trustee and Certificate Administrator pursuant to this Agreement, any removal of either such party in its capacity as Trustee or Certificate
Administrator, as applicable, shall also result in such party’s removal in its capacity as Trustee or Certificate Administrator,
as applicable, and the Depositor shall appoint a successor certificate administrator and a successor trustee, in each instance meeting
the eligibility requirements set forth hereunder.

Upon any succession of the
Trustee or Certificate Administrator under this Agreement, the predecessor Trustee or Certificate Administrator shall be entitled to the
payment of accrued and unpaid compensation and reimbursement as provided for under this Agreement for services rendered and expenses incurred
(including without limitation, unreimbursed Advances). No Trustee or Certificate Administrator shall be personally liable for any action
or omission of any successor trustee or certificate administrator.

(e)                                   Upon the resignation, assignment, merger, consolidation, or transfer of the Trustee or its business to a successor, or upon the
termination of the Trustee, (a) the outgoing Trustee shall (i) endorse the original executed Mortgage Note for each Mortgage
Loan (to the extent that the original executed Mortgage Note for each Mortgage Loan was endorsed to the outgoing trustee), without recourse,
representation or warranty, express or implied, to the order of the successor, as trustee for the registered Holders of Benchmark 2022-B36
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36, and the RR Interest Owners or in blank, and (ii) in
the case of the other assignable Mortgage Loan documents (to the extent

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such other Mortgage Loan documents were assigned
to the outgoing trustee), assign such Mortgage Loan documents to such successor, and such successor shall review the documents delivered
to it or to the Custodian with respect to each Mortgage Loan, and certify in writing that, as to each Mortgage Loan then subject to this
Agreement, such endorsement and assignment has been made; (b) if any original executed Mortgage Note for a Mortgage Loan was not
endorsed to the outgoing trustee, the Custodian shall, upon its receipt of a Request for Release, deliver such Mortgage Note to the Depositor
or the successor trustee, as requested, and the Master Servicer and the Depositor shall cooperate with any successor trustee to ensure
that such Mortgage Note is endorsed (without recourse, representation or warranty, express or implied) to the order of the successor,
as trustee for the registered Holders of Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series
2022-B36, and the RR Interest Owners or in blank; provided, however, that, notwithstanding anything to the contrary herein,
to the extent any such endorsement of such Mortgage Note requires the signature of the related Mortgage Loan Seller in order to comply
with the foregoing, then the Master Servicer shall use reasonable efforts to cause the related Mortgage Loan Seller to execute such endorsement;
(c) if any other assignable Mortgage Loan document was not assigned to the outgoing trustee, the Custodian shall, upon its receipt
of a Request for Release, deliver such Mortgage Loan document to the Depositor or the successor trustee, as requested, and the Master
Servicer and the Depositor shall cooperate with any successor trustee to ensure that such Mortgage Loan document is assigned to such successor
trustee; and (d) in any case, such successor trustee shall review the documents delivered to it or to the Custodian with respect
to each Mortgage Loan, and certify in writing that, as to each Mortgage Loan then subject to this Agreement, such endorsements and assignments
have been made or, in the event such endorsement or assignment cannot be made for any reason, to note the same in such certification.

(f)                                      Neither the Asset Representations Reviewer nor any of its Affiliates may be appointed as successor trustee or certificate administrator.

Section 8.08                   Successor Trustee or Certificate Administrator. (a) Any successor trustee or certificate administrator appointed as
provided in Section 8.07 shall execute, acknowledge and deliver to the Depositor, the Master Servicer, the Special Servicer
and to its predecessor Trustee or Certificate Administrator an instrument accepting such appointment hereunder, and thereupon the resignation
or removal of the predecessor Trustee or Certificate Administrator shall become effective and such successor trustee or certificate administrator
without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor
hereunder, with the like effect as if originally named as Trustee or Certificate Administrator herein. The predecessor Trustee shall deliver
to the successor trustee all Mortgage Files and related documents and statements held by it hereunder (other than any Mortgage Files at
the time held on its behalf by a Custodian, which Custodian, at Custodian’s option shall become the agent of the successor trustee),
and the Depositor, the Master Servicer, the Special Servicer and the predecessor Trustee shall execute and deliver such instruments and
do such other things as may reasonably be required to more fully and certainly vest and confirm in the successor trustee all such rights,
powers, duties and obligations, and to enable the successor trustee to perform its obligations hereunder.

(b)                                  No successor trustee or successor certificate administrator shall, as applicable, accept appointment as provided in this Section 8.08
unless at the time of such

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acceptance such successor trustee or successor
certificate administrator, as applicable, shall be eligible under the provisions of Section 8.06.

(c)                                   Upon acceptance of appointment by a successor trustee or successor certificate administrator as provided in this Section 8.08,
the Master Servicer shall deliver notice of the succession of such Trustee or Certificate Administrator, as applicable, to the Depositor
and the Certificateholders and the RR Interest Owners. If the Master Servicer fails to deliver such notice within ten (10) days after
acceptance of appointment by the successor trustee or successor certificate administrator, as applicable, such successor trustee or successor
certificate administrator shall cause such notice to be delivered at the expense of the Master Servicer.

Section 8.09                   Merger or Consolidation of Trustee or Certificate Administrator. Any Person into which the Trustee or the Certificate Administrator
may be merged or converted or with which it may be consolidated or any Person resulting from any merger, conversion or consolidation to
which the Trustee or the Certificate Administrator shall be a party, or any Person succeeding to all or substantially all of the corporate
trust business of the Trustee or the Certificate Administrator shall be the successor of the Trustee or the Certificate Administrator,
as applicable, hereunder; provided that, in the case of the Trustee, such successor Person shall be eligible under the provisions
of Section 8.06, without the execution or filing of any paper or any further act on the part of any of the parties hereto,
anything herein to the contrary notwithstanding. The Certificate Administrator shall post such notice to the Certificate Administrator’s
Website in accordance with Section 3.13(b) and shall provide notice of such event to the Master Servicer, the Special Servicer,
the Depositor and the 17g-5 Information Provider, which shall post such notice to the 17g-5 Information Provider’s Website
in accordance with Section 3.13(c).

Section 8.10                   Appointment of Co-Trustee or Separate Trustee.
(a)  Notwithstanding any other provisions hereof, at any time, for the purpose of meeting any legal requirements of any jurisdiction
in which any part of the Trust Fund or property securing the same may at the time be located or for enforcement actions or where a conflict
of interest exists, the Master Servicer and the Trustee acting jointly shall have the power and shall execute and deliver all instruments
to appoint one or more Persons approved by the Trustee to act as co-trustee or co-trustees, jointly with the Trustee, or separate
trustee or separate trustees, of all or any part of the Trust Fund, and to vest in such Person or Persons, in such capacity, such title
to the Trust, or any part thereof, and, subject to the other provisions of this Section 8.10, such powers, duties, obligations,
rights and trusts as the Master Servicer and the Trustee may consider necessary or desirable. If the Master Servicer shall not have joined
in such appointment within fifteen (15) days after the receipt by it of a request to do so, or in case a Servicer Termination Event shall
have occurred and be continuing, the Trustee alone shall have the power to make such appointment. No co-trustee or separate trustee
hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 8.06 hereunder and no notice
to Holders of Certificates or the RR Interest Owners of the appointment of co-trustee(s) or separate trustee(s) shall be required
under Section 8.08 hereof. All co-trustee fees shall be payable out of the Trust Fund.

(b)                                  In the case of any appointment of a co-trustee or separate trustee pursuant to this Section 8.10, all rights, powers,
duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee
and such separate trustee or co-trustee jointly, except to the extent that under any law of any jurisdiction in

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which any particular act or acts are to be
performed (whether as Trustee hereunder or as successor to the Master Servicer or the Special Servicer hereunder), the Trustee shall be
incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding
of title to the Trust or any portion thereof in any such jurisdiction) shall be exercised and performed by such separate trustee or co-trustee
at the direction of the Trustee.

(c)                                   Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees
and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall
refer to this Agreement and the conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance
of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with
the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision
of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument
shall be filed with the Trustee.

(d)                                  Any separate trustee or co-trustee may, at any time, constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and
in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment
of a new or successor trustee.

(e)                                   The appointment of a co-trustee or separate trustee under this Section 8.10 shall not relieve the Trustee of its
duties and responsibilities hereunder.

Section 8.11                   Appointment of Custodians. The Certificate Administrator is hereby appointed as the Custodian to hold all or a portion of
the Mortgage Files. The Custodian shall be a depository institution subject to supervision by federal or state authority, shall have combined
capital and surplus of at least $15,000,000 and shall be qualified to do business in the jurisdiction in which it holds any Mortgage File.
The Custodian shall be subject to the same obligations and standard of care as would be imposed on the Certificate Administrator hereunder
in connection with the retention of Mortgage Files directly by the Certificate Administrator. Upon termination or resignation of the Custodian,
the Certificate Administrator may appoint another Custodian meeting the foregoing requirements. The appointment of one or more Custodians
by the Certificate Administrator shall not relieve the Certificate Administrator from any of its obligations hereunder, and the Certificate
Administrator shall remain responsible for all acts and omissions of any Custodian other than the initial Custodian. Any Custodian appointed
hereunder must maintain a fidelity bond and errors and omissions policy in an amount customary for Custodians which serve in such capacity
in commercial mortgage loan securitization transactions, or may self-insure.

Section 8.12                   Representations and Warranties of the Trustee. The Trustee hereby represents and warrants to the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, each Serviced Companion Noteholder and the Certificate
Administrator for the benefit of the Certificateholders and the RR Interest Owners, as of the Closing Date, that:

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(i)                                      The Trustee is a national banking association, duly organized, validly existing and in good standing under the laws of the United
States of America;

(ii)                                   The execution and delivery of this Agreement by the Trustee, and the performance and compliance with the terms of this Agreement
by the Trustee, will not violate the Trustee’s charter and by-laws or constitute a default (or an event which, with notice or
lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which
it is a party or which is applicable to it or any of its assets;

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

(iv)                               This Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal
and binding obligation of the Trustee, enforceable against the Trustee in accordance with the terms hereof, subject to (a) applicable
bankruptcy, insolvency, reorganization, moratorium and other laws affecting the enforcement of creditors’ rights generally and the
rights of creditors of national banking associations specifically and (b) general principles of equity, regardless of whether such
enforcement is considered in a proceeding in equity or at law;

(v)                                  The Trustee is not in violation of, and its execution and delivery of this Agreement and its performance and compliance with the
terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation
or demand of any federal, state or local governmental or regulatory authority, which violation, in the Trustee’s good faith and
reasonable judgment, is likely to affect materially and adversely the ability of the Trustee to perform its obligations under this Agreement;

(vi)                               No litigation is pending or, to the best of the Trustee’s knowledge, threatened against the Trustee which would prohibit
the Trustee from entering into this Agreement or, in the Trustee’s good faith and reasonable judgment, is likely to materially and
adversely affect the ability of the Trustee to perform its obligations under this Agreement; and

(vii)                            No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery
and performance by the Trustee, or compliance by the Trustee with, this Agreement or the consummation of the transactions contemplated
by this Agreement, except for any consent, approval, authorization or order which has not been obtained or cannot be obtained prior to
the actual performance by the Trustee of its obligations under this Agreement, and which, if not obtained would not have a materially
adverse effect on the ability of the Trustee to perform its obligations hereunder.

Section 8.13                   Provision of Information to Certificate Administrator, Master Servicer and Special Servicer. The Master Servicer shall promptly,
upon request, provide the

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Special Servicer and the Certificate Administrator
with notice of any change in the identity and/or contact information of any Serviced Companion Noteholder (to the extent it receives written
notice of such change). The Certificate Administrator, Master Servicer and Special Servicer may each conclusively rely on the information
provided to them regarding identity and/or contact information regarding any Serviced Companion Noteholder, and the Certificate Administrator,
Master Servicer and Special Servicer, as applicable, shall have no liability for notices not sent to the correct Serviced Companion Noteholders
or any obligation to determine the identity and/or contact information of the Serviced Companion Noteholders to the extent updated or
correct information regarding the holders of any of the Serviced Companion Noteholders or the most recent identity and/or contact information
regarding any of the Serviced Companion Noteholders has not been provided to the Certificate Administrator, Master Servicer or Special
Servicer, as applicable.

Section 8.14                   Representations and Warranties of the Certificate Administrator. The Certificate Administrator hereby represents and warrants
to the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, each Serviced
Companion Noteholder, and the Trustee, for the benefit of the Certificateholders and the RR Interest Owners, as of the Closing Date, that:

(i)                                      The Certificate Administrator is a national banking association duly organized under the laws of the United States of America,
duly organized, validly existing and in good standing under the laws thereof;

(ii)                                   The execution and delivery of this Agreement by the Certificate Administrator, and the performance and compliance with the terms
of this Agreement by the Certificate Administrator, will not violate the Certificate Administrator’s charter and by-laws or
constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach
of, any material agreement or other instrument to which it is a party or which is applicable to it or any of its assets;

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

(iv)                               This Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal
and binding obligation of the Certificate Administrator, enforceable against the Certificate Administrator in accordance with the terms
hereof, subject to (a) applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting the enforcement of
creditors’ rights generally and the rights of creditors of national banking associations specifically and (b) general principles
of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law;

(v)                                  The Certificate Administrator is not in violation of, and its execution and delivery of this Agreement and its performance and
compliance with the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or

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arbiter, or any order, regulation or
demand of any federal, state or local governmental or regulatory authority, which violation, in the Certificate Administrator’s
good faith and reasonable judgment, is likely to affect materially and adversely either the ability of the Certificate Administrator to
perform its obligations under this Agreement or the financial condition of the Certificate Administrator;

(vi)                               No litigation is pending or, to the best of the Certificate Administrator’s knowledge, threatened against the Certificate
Administrator which would prohibit the Certificate Administrator from entering into this Agreement or, in the Certificate Administrator’s
good faith and reasonable judgment, is likely to materially and adversely affect either the ability of the Certificate Administrator to
perform its obligations under this Agreement or the financial condition of the Certificate Administrator; and

(vii)                            No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery
and performance by the Certificate Administrator, or compliance by the Certificate Administrator with, this Agreement or the consummation
of the transactions contemplated by this Agreement, except for any consent, approval, authorization or order which has not been obtained
or cannot be obtained prior to the actual performance by the Certificate Administrator of its obligations under this Agreement, and which,
if not obtained would not have a materially adverse effect on the ability of the Certificate Administrator to perform its obligations
hereunder.

Section 8.15                   Compliance with the PATRIOT Act. In order to comply with the laws, rules, regulations and executive orders in effect from
time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering
(“Applicable Laws”), each of the Trustee, the Certificate Administrator, the Special Servicer and the Master Servicer
is required to obtain, verify and record certain information relating to individuals and entities which maintain a business relationship
with the Trustee, the Certificate Administrator, the Special Servicer or the Master Servicer, as applicable. Accordingly, each of the
parties to this Agreement agrees to provide to the Trustee, the Certificate Administrator, the Special Servicer and the Master Servicer,
upon its respective reasonable request from time to time such identifying information and documentation as may be available for such party
in order to enable the Trustee, the Certificate Administrator, the Special Servicer and the Master Servicer to comply with Applicable
Laws.

[End of Article VIII]

Article IX

TERMINATION

Section 9.01                   Termination upon Repurchase or Liquidation of All Mortgage Loans. Subject to this Section 9.01 and Section 9.02,
the Trust and the respective obligations and responsibilities under this Agreement of the Certificate Administrator (other than (i) any
obligations of the parties hereto under this Article IX, (ii) the obligations of the Certificate Administrator to provide for and make
payments to Certificateholders as hereafter set forth and (iii) the indemnification rights and obligations of the parties hereto), the
Depositor, the Master

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Servicer, the Special Servicer, the Operating
Advisor, the Asset Representations Reviewer and the Trustee, shall terminate upon payment (or provision for payment) to the Certificateholders
and the RR Interest Owners of all amounts held by the Certificate Administrator and required hereunder to be so paid on the Distribution
Date following the earlier to occur of (i) the final payment (or related Advance) or other liquidation of the last Mortgage Loan
and REO Property (as applicable) subject hereto, (ii) the purchase or other liquidation by the Holders of the majority of the Controlling
Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates, in that order of priority, of all the
Mortgage Loans and the Trust’s portion of each REO Property remaining in the Trust Fund at a price equal to (a) the sum of
(1) the aggregate Purchase Price of all the Mortgage Loans (exclusive of REO Loans) included in the Trust Fund, (2) the Appraised
Value of the Trust’s portion of each REO Property, if any, included in the Trust Fund (such Appraisals in clause (a)(2)
to be conducted by an Independent MAI-designated appraiser selected by the Master Servicer, and approved by more than 50% of the Voting
Rights of the Classes of Certificates then outstanding (other than the Controlling Class unless the Controlling Class is the only Class
of Certificates then outstanding)) (which approval shall be deemed given unless more than 50% of such Certificateholders object within
twenty (20) days of receipt of notice thereof), (3) the reasonable out-of-pocket expenses of the Master Servicer with respect
to such termination, unless the Master Servicer is the purchaser of such Mortgage Loans and (4) if a Mortgaged Property secures a Non-Serviced
Mortgage Loan and is an “REO property” under the terms of the related Non-Serviced PSA, the pro rata portion of the
fair market value of the related Mortgaged Property, as determined by the Non-Serviced Master Servicer in accordance with clause (2)
above (clauses (1) through (4), the “Termination Purchase Amount”), minus (b) solely in the case where
the Master Servicer is exercising such purchase right, the aggregate amount of unreimbursed Advances, together with any interest accrued
and payable to the Master Servicer in respect of such Advances in accordance with Sections 3.03(d) and 4.03(d) and
any unpaid Servicing Fees, remaining outstanding and payable solely to the Master Servicer (which items shall be deemed to have been paid
or reimbursed to the Master Servicer in connection with such purchase) or (iii) so long as the Class A-1, Class A-2, Class A-4, Class
A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are no longer outstanding, the
voluntary exchange by the Sole Certificateholder of all the outstanding Certificates (other than the Class R Certificates) and the
RR Interest for the remaining Mortgage Loans and REO Properties in the Trust Fund, of which (a) an amount equal to the product of (x)
the VRR Percentage and (y) the Termination Purchase Amount shall be paid to the VRR Interest Owners in exchange for the surrender of the
VRR Interest, and (b) an amount equal to the product of (i) the Non-VRR Percentage and (ii) the Termination Purchase Amount shall be deemed
paid to the Trust and deemed distributed to the holder or holders described in the immediately succeeding paragraph in exchange for the
then-outstanding Certificates and the RR Interest pursuant to the terms of the immediately succeeding paragraph; provided, however,
that in no event shall the Trust created hereby continue beyond the expiration of twenty-one (21) years from the death of the last
survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Court of St. James’s, living on
the date hereof.

Upon termination of the Trust
pursuant to clause (i) of the immediately preceding sentence, the Custodian shall release or cause to be released to the Servicer, at
the address provided in Section 13.05 of this Agreement or to such other address designated by the Servicer in writing, any Mortgage Files
remaining in its possession, and the Trustee shall execute and deliver all assignments, endorsements and other instruments furnished to
it by the Master Servicer or Special

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Servicer, as applicable, as shall be necessary
to effectuate the transfer of the Mortgage Loans, any REO Properties and any other collateral for the Mortgage Loans, as applicable.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E
Certificates are retired (and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then outstanding
Certificates (other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the
consent of the Master Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for
all of the Mortgage Loans and each REO Property remaining in the Trust Fund as contemplated by clause (iii) of the first paragraph
of this Section 9.01 by giving written notice to all the parties hereto no later than sixty (60) days prior to the anticipated
date of exchange. In the event that the Sole Certificateholder elects to exchange all of its Certificates (other than the Class R
Certificates) and the RR Interest for all of the Mortgage Loans and the Trust’s portion of each REO Property remaining in the Trust
in accordance with the preceding sentence, such Sole Certificateholder, not later than the Distribution Date on which the final distribution
on the Certificates is to occur, shall deposit in the Collection Account an amount in immediately available funds equal to (a) the product
of the VRR Percentage and the Termination Purchase Amount plus (b) all amounts due and owing to the Depositor, the Master Servicer, the
Special Servicer, the Trustee and the Certificate Administrator hereunder through the date of the liquidation of the Trust that may be
withdrawn from the Collection Account, or an escrow account acceptable to the respective parties hereto, pursuant to Section 3.05(a)
or that may be withdrawn from the Distribution Account pursuant to Section 3.05(a), but only to the extent that such amounts
are not already on deposit in the Collection Account and be deemed to pay to the Trust (which amount shall be further deemed distributed
to the Holders of all outstanding Non-VRR Certificates) an amount equal to the product of the Non-VRR Percentage and the Termination Purchase
Amount. In addition, the Master Servicer shall transfer all amounts required to be transferred to the Lower-Tier REMIC Distribution
Account on the Master Servicer Remittance Date related to such Distribution Date in which the final distribution on the Certificates is
to occur from the Collection Account pursuant to the first paragraph of Section 3.04(b) (provided, however,
that if a Serviced Whole Loan is secured by REO Property, the portion of the above-described purchase price allocable to such Trust’s
portion of REO Property shall initially be deposited into the related REO Account). Upon confirmation that such final deposits have been
made and following the surrender of all its Certificates (other than the Class R Certificates) and the RR Interest on the applicable
Distribution Date, the Custodian shall, upon receipt of a Request for Release from the Master Servicer, release or cause to be released
to the Sole Certificateholder or any designee thereof, the Mortgage Files for the remaining Mortgage Loans and shall execute all assignments,
endorsements and other instruments furnished to it by the Sole Certificateholder as shall be necessary to effectuate transfer of the Mortgage
Loans and REO Properties remaining in the Trust Fund, and the Trust shall be liquidated in accordance with Section 9.02. Solely
for federal income tax purposes, the Sole Certificateholder shall be deemed to have purchased the assets of the Lower-Tier REMIC for
an amount equal to the remaining Certificate Balance of the Principal Balance Certificates, plus accrued, unpaid interest with respect
thereto, and the Certificate Administrator shall credit such amounts against amounts distributable in respect of such Certificates and
Related Lower-Tier Regular Interests.

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The obligations and responsibilities
under this Agreement of the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator and the Companion
Paying Agent shall terminate with respect to any Companion Loan to the extent (i) its related Serviced Mortgage Loan has been paid
in full or is no longer part of the Trust Fund and (ii) no amounts payable by the related Companion Holder to or for the benefit
of the Trust or any party hereto in accordance with the related Intercreditor Agreement remain due and owing.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates, in that order of
priority, may, at their option, elect to purchase all of the Mortgage Loans (and all property acquired through exercise of remedies in
respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust Fund as contemplated by
clause (ii) of the first paragraph of this Section 9.01 by giving written notice to the Trustee, the Certificate
Administrator, and the other parties hereto no later than sixty (60) days prior to the anticipated date of purchase; provided,
however, that the Holders of the Controlling Class, the Special Servicer, the Master Servicer, or the Holders of the Class R
Certificates may so elect to purchase all of the Mortgage Loans and the Trust’s portion of each REO Property remaining in the Trust
Fund only on or after the first Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion
of any REO Loans held by the Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans as set forth in the
Preliminary Statement. This purchase shall terminate the Trust and retire the then-outstanding Certificates. In the event that the Master
Servicer or the Special Servicer purchases, or the Holders of the majority of the Controlling Class or the Holders of the Class R
Certificates purchase, all of the Mortgage Loans and the Trust’s portion of each REO Property remaining in the Trust Fund in accordance
with the preceding sentence, the Master Servicer, the Special Servicer, the Holders of the majority of the Controlling Class or the Holders
of the Class R Certificates, as applicable, shall deposit in the Lower-Tier REMIC Distribution Account not later than the Master
Servicer Remittance Date relating to the Distribution Date on which the final distribution on the Certificates is to occur, an amount
in immediately available funds equal to the above-described purchase price (exclusive of any portion thereof payable to any Person
other than the Certificateholders pursuant to Section 3.05(a), which portion shall be deposited in the Collection Account).
In addition, the Master Servicer shall transfer to the Lower-Tier REMIC Distribution Account all amounts required to be transferred
thereto on such Master Servicer Remittance Date from the Collection Account pursuant to the first paragraph of Section 3.04(b),
together with any other amounts on deposit in the Collection Account that would otherwise be held for future distribution. Upon confirmation
that such final deposits and payments have been made, the Custodian shall release or cause to be released to the Master Servicer, the
Special Servicer, the Holders of the majority of the Controlling Class or the Holders of the Class R Certificates, as applicable,
the Mortgage Files for the remaining Mortgage Loans and shall execute all assignments, endorsements and other instruments furnished to
it by the Master Servicer, the Special Servicer, the Holders of the majority of the Controlling Class or the Holders of the Class R
Certificates, as applicable, as shall be necessary to effectuate transfer of the Mortgage Loans and REO Properties remaining in the Trust
Fund.

For purposes of this Section 9.01,
the Holders of the majority of the Controlling Class shall have the first option to terminate the Upper-Tier REMIC and Lower-Tier
REMIC, then the Special Servicer, then the Master Servicer, and then the Holders of the Class R Certificates. For purposes of this
Section 9.01, the Directing Certificateholder with the consent of the Holders

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of the Controlling Class, shall act on behalf
of the Holders of the Controlling Class in purchasing the assets of the Trust and terminating the Trust.

Notice of any termination
pursuant to this Section 9.01 shall be given promptly by the Certificate Administrator by letter to the Certificateholders,
each Serviced Companion Noteholder and the 17g-5 Information Provider in accordance with the provisions of Section 3.13(c)
(who shall promptly post a copy of such additional notice on the 17g-5 Information Provider’s Website in accordance with the
provisions of Section 3.13(c)) and, if not previously notified pursuant to this Section 9.01, to the other parties
hereto mailed (a) in the event such notice is given in connection with the purchase of all of the Mortgage Loans and each REO Property
remaining in the Trust Fund, not earlier than the 15th day and not later than the 25th day of the month next preceding the month of the
final distribution on the Certificates, or (b) otherwise during the month of such final distribution on or before the P&I Advance
Determination Date in such month, in each case specifying (i) the Distribution Date upon which the Trust will terminate and final
payment of the Certificates will be made, (ii) the amount of any such final payment and (iii) that the Record Date otherwise
applicable to such Distribution Date is not applicable, payments being made only upon presentation and surrender of the Certificates at
the offices of the Certificate Registrar or such other location therein designated.

After transferring the Lower-Tier
Distribution Amount and the amount of any Prepayment Premiums and Yield Maintenance Charges distributable to the Regular Certificates
and the VRR Interest pursuant to Section 4.01(e) to the Upper-Tier REMIC Distribution Account, in each case pursuant to
Section 3.04(b) and upon presentation and surrender of the Certificates by the Certificateholders on the final Distribution
Date, the Certificate Administrator shall distribute to the VRR Interest Owners and to each Certificateholder so presenting and surrendering
its Certificates (i) such Certificateholder’s Percentage Interest of, and the RR Interest Owner’s portion of that portion
of the amounts then on deposit in the Upper-Tier REMIC Distribution Account that are allocable to payments on the RR Interest and
Class of Certificates so presented, (ii) any remaining amounts of Prepayment Premiums and Yield Maintenance Charges distributable
to the Holders of the Class X-D Certificates or the VRR Interest pursuant to Section 4.01(e), and (iii) any remaining
amount shall be distributed to the Class R Certificates in respect of the Class LR Interest or the Class UR Interest, as
applicable. Amounts transferred from the Lower-Tier REMIC Distribution Account to the Upper-Tier REMIC Distribution Account as
of the final Distribution Date, shall be distributed in termination and liquidation of the Lower-Tier Regular Interests and the Class LR
Interest in accordance with Sections 4.01(a), 4.01(c), 4.01(e) and 4.01(f). Any funds not distributed
on such Distribution Date shall be set aside and held uninvested in trust for the benefit of the Certificateholders not presenting and
surrendering their Certificates in the aforesaid manner and shall be disposed of in accordance with this Section 9.01 and
Section 4.01(h).

Section 9.02                   Additional Termination Requirements. In the event the Master Servicer or the Special Servicer purchases, or the Holders
of the Controlling Class or the Holders of the Class R Certificates purchase, all of the Mortgage Loans, the RR Interest and the
Trust’s portion of each REO Property remaining in the Trust Fund as provided in Section 9.01, the Upper-Tier REMIC
and Lower-Tier REMIC shall be terminated in accordance with the following additional requirements, which meet the definition of a
“qualified liquidation” in Section 860F(a)(4) of the Code:

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(i)                                      the Certificate Administrator shall specify the date of adoption of the plan of complete liquidation (which shall be the date
of mailing of the notice specified in Section 9.01) in a statement attached to each of the related Trust REMICs’
final Tax Returns pursuant to Treasury Regulations Section 1.860F-1;

(ii)                                  during the 90-day liquidation period and at or prior to the time of the making of the final payment on the Certificates and
the RR Interest, the Certificate Administrator on behalf of the Trustee shall sell all of the assets of the related Trust REMICs to the
Master Servicer, the Special Servicer, the Holders of the Controlling Class or the Holders of the Class R Certificates, as applicable,
for cash; and

(iii)                                within such 90-day liquidation period and immediately following the making of the final payment on the Lower-Tier Regular Interests
and the Certificates and the RR Interest, the Certificate Administrator shall distribute or credit, or cause to be distributed or credited,
to the Holders of the Class R Certificates in respect of the Class LR Interest (in the case of the Lower-Tier REMIC) and
in respect of the Class UR Interest (in the case of the Upper-Tier REMIC) all cash on hand (other than cash retained to meet
claims), and the Trust (if applicable) or the related Trust REMIC(s) shall terminate at that time.

[End of Article IX]

Article X

ADDITIONAL REMIC PROVISIONS

Section 10.01             REMIC Administration. (a) The Certificate Administrator shall make elections or cause elections to be made to treat
each Trust REMIC as a REMIC under the Code and, if necessary, under Applicable State and Local Tax Law. Each such election will be made
on Form 1066 or other appropriate federal tax return for the taxable year ending on the last day of the calendar year in which the
Lower-Tier Regular Interests and the Regular Certificates are issued. For the purposes of the REMIC election in respect of the Upper-Tier
REMIC, each Class of the Regular Certificates and the VRR Interest shall be designated as a class of “regular interests” and
the Class UR Interest shall be designated as the sole class of “residual interests” in the Upper-Tier REMIC. For
purposes of the REMIC election in respect of the Lower-Tier REMIC, each Class of Lower-Tier Regular Interests shall be designated
as a class of “regular interests” and the Class LR Interest shall be designated as the sole class of “residual
interests” in the Lower-Tier REMIC. None of the Special Servicer, the Master Servicer or the Trustee shall permit the creation
of any “interests” (within the meaning of Section 860G of the Code) in any Trust REMIC other than the foregoing interests.

(b)                                  The Closing Date is hereby designated as the “startup day” (“Startup Day”) of each Trust REMIC within
the meaning of Section 860G(a)(9) of the Code.

(c)                                   The Certificate Administrator shall act on behalf of each Trust REMIC in relation to any tax matter or controversy involving either
such REMIC and shall represent each such REMIC in any administrative or judicial proceeding relating to an examination or audit by

    	 	397	 

    

    

any governmental taxing authority with respect
thereto. The legal expenses, including without limitation attorneys’ or accountants’ fees, and costs of any such proceeding
and any liability resulting therefrom shall be expenses of the Trust and the Certificate Administrator shall be entitled to reimbursement
therefor out of amounts attributable to the Mortgage Loans and any REO Properties on deposit in the Collection Account as provided by
Section 3.05(a) unless such legal expenses and costs are incurred by reason of the Certificate Administrator’s willful
misconduct, bad faith or negligence. The Holder of the Class R Certificates agree that: the Certificate Administrator shall be designated
as the “partnership representative” (within the meaning of section 6223 of the Code) of each Trust REMIC. By their acceptance
thereof, the Holders of the Class R Certificates hereby agree to such appointment and designation.

(d)                                  The Certificate Administrator shall prepare or cause to be prepared and shall file, or cause to be filed, all of the Tax Returns
that it determines are required with respect to each Trust REMIC created hereunder, and shall cause the Trustee to sign (and the Trustee
shall timely sign) such Tax Returns in a timely manner. The ordinary expenses of preparing such returns shall be borne by the Certificate
Administrator without any right of reimbursement therefor. The Certificate Administrator shall prepare or cause to be prepared, and file
or cause to be filed with the IRS, and the Trustee shall sign on behalf of each of the Lower-Tier REMIC and the Upper-Tier REMIC, an application
for a taxpayer identification number for such REMIC on IRS Form SS-4 or obtain such number by other permissible means. The Certificate
Administrator shall be responsible for the preparation of the related IRS Form W-9, if such form is requested.  The Trustee shall
be entitled to rely on the information contained therein, and is hereby directed to execute such IRS Form W-9; provided, however, the
Certificate Administrator shall also be directed to execute such IRS Form W-9 (in lieu of the Trustee) if permitted by IRS regulations.

(e)                                   The Certificate Administrator shall provide or cause to be provided (i) to any Transferor of a Class R Certificate such
information as is necessary for the application of any tax relating to the Transfer of such Class R Certificate to any Person who
is a Disqualified Organization, or in the case of a Transfer to an agent thereof, to such agent, (ii) to the Certificateholders and
the RR Interest Owners such information or reports as are required by the Code or the REMIC Provisions including reports relating to interest,
original issue discount and market discount or premium (using the Prepayment Assumption) and (iii) to the Internal Revenue Service
a Form 8811, within thirty (30) days after the Closing Date. The Certificate Administrator shall prepare, and the Trustee shall sign,
the Form 8811.

(f)                                     The Certificate Administrator shall take such actions and shall cause the Trust to take such actions as are reasonably within the
Certificate Administrator’s control and the scope of its duties more specifically set forth herein as shall be necessary to maintain
the status of each Trust REMIC as a REMIC under the REMIC Provisions and the Trustee shall assist the Certificate Administrator to the
extent reasonably requested by the Certificate Administrator to do so. Neither the Master Servicer nor the Special Servicer shall knowingly
or intentionally take any action, cause the Trust to take any action or fail to take (or fail to cause to be taken) any action reasonably
within its control and the scope of duties more specifically set forth herein, that, under the REMIC Provisions, if taken or not taken,
as the case may be, could (i) cause any Trust REMIC to fail to qualify as a REMIC or (ii) result in the imposition of a tax
upon any Trust REMIC or the Trust (including but not limited to the tax on “prohibited transactions” as defined in Section 860F(a)(2)
of the Code and the tax on contributions to a REMIC set forth in

    	 	398	 

    

    

Section 860G(d) of the Code, but not including
the tax on “net income from foreclosure property”) (either such event, an “Adverse REMIC Event”) unless
the Certificate Administrator receives an Opinion of Counsel (at the expense of the party seeking to take such action or, if such party
fails to pay such expense, and the Certificate Administrator determines that taking such action is in the best interest of the Trust and
the Certificateholders and the RR Interest Owners, at the expense of the Trust, but in no event at the expense of the Certificate Administrator
or the Trustee) to the effect that the contemplated action will not, with respect to the Trust or any Trust REMIC created hereunder, cause
the loss of such status or, unless the Certificate Administrator determines in its sole discretion to indemnify the Trust against such
tax, result in the imposition of such a tax (not including a tax on “net income from foreclosure property”). The Trustee shall
not take or fail to take any action (whether or not authorized hereunder) as to which the Certificate Administrator has advised it in
writing that it has received an Opinion of Counsel to the effect that an Adverse REMIC Event could occur with respect to such action.
The Certificate Administrator may consult with counsel to make such written advice, and the cost of same shall be borne by the party seeking
to take the action not expressly permitted by this Agreement, but in no event at the expense of the Certificate Administrator or the Trustee.
At all times as may be required by the Code, the Certificate Administrator will to the extent within its control and the scope of its
duties more specifically set forth herein, maintain substantially all of the assets of each Trust REMIC as “qualified mortgages”
as defined in Section 860G(a)(3) of the Code and “permitted investments” as defined in Section 860G(a)(5) of the
Code.

(g)                                  In the event that any applicable federal, state or local tax, including interest, penalties or assessments, additional amounts
or additions to tax, is imposed on any Trust REMIC, such tax shall be charged against amounts otherwise distributable to the Holders of
the Certificates and the RR Interest Owners, except as provided in the last sentence of this Section 10.01(g); provided
that with respect to the estimated amount of tax imposed on any “net income from foreclosure property” pursuant to Section 860G(c)
of the Code or any similar tax imposed by a state or local tax authority, the Special Servicer shall retain in the related REO Account
a reserve for the payment of such taxes in such amounts and at such times as it shall deem appropriate (or as advised by the Certificate
Administrator in writing), and shall remit to the Master Servicer such reserved amounts as the Master Servicer shall request in order
to pay such taxes. Except as provided in the preceding sentence, the Master Servicer shall withdraw from the Collection Account sufficient
funds to pay or provide for the payment of, and to actually pay, such tax as is estimated to be legally owed by any Trust REMIC (but such
authorization shall not prevent the Certificate Administrator from contesting, at the expense of the Trust (other than as a consequence
of a breach of its obligations under this Agreement), any such tax in appropriate proceedings, and withholding payment of such tax, if
permitted by law, pending the outcome of such proceedings). The Certificate Administrator is hereby authorized to and shall segregate,
into a separate non-interest bearing account, the net income from any “prohibited transaction” under Section 860F(a)
of the Code or the amount of any taxable contribution to any Trust REMIC after the Startup Day that is subject to tax under Section 860G(d)
of the Code and use such income or amount, to the extent necessary, to pay such prohibited transactions tax. To the extent that any such
tax (other than any such tax paid in respect of “net income from foreclosure property”) is paid to the Internal Revenue Service
or applicable state or local tax authorities, the Certificate Administrator shall retain an equal amount from future amounts otherwise
distributable to the Holders of Class R Certificates (as applicable) and shall distribute such retained amounts, (x) in the
case of the Lower-Tier Regular Interests, to the Upper-Tier REMIC to the extent they are fully

    	 	399	 

    

    

reimbursed for any Non-VRR Realized Losses
or VRR Realized Losses, as applicable, arising therefrom and then to the Holders of the Class R Certificates in respect of the Class LR
Interest in the manner specified in Section 4.01(c) and (y) in the case of the Upper-Tier REMIC, to the Holders of
the Principal Balance Certificates and the VRR Interest in the manner specified in Section 4.01(a), to the extent they are
fully reimbursed for any Non-VRR Realized Losses or VRR Realized Losses, as applicable, arising therefrom and then to the Holders of the
Class R Certificates in respect of the Class UR Interest. None of the Trustee, the Certificate Administrator, the Master Servicer
or the Special Servicer shall be responsible for any taxes imposed on any Trust REMIC except to the extent such taxes arise as a consequence
of a breach of their respective obligations under this Agreement which breach constitutes willful misconduct, bad faith, or negligence
by such party.

(h)                                  The Certificate Administrator shall, for federal income tax purposes, maintain or cause to be maintained books and records with
respect to each Trust REMIC on a calendar year and on an accrual basis or as otherwise may be required by the REMIC Provisions.

(i)                                      Following the Startup Day, neither the Certificate Administrator nor the Trustee shall accept any contributions of assets to any
Trust REMIC unless the Certificate Administrator and the Trustee shall have received an Opinion of Counsel (at the expense of the party
seeking to make such contribution) to the effect that the inclusion of such assets in such Trust REMIC will not cause an Adverse REMIC
Event to occur.

(j)                                      Neither the Certificate Administrator nor the Trustee shall enter into any arrangement by which the Trust or any Trust REMIC will
receive a fee or other compensation for services nor permit the Trust or any Trust REMIC to receive any income from assets other than
“qualified mortgages” as defined in Section 860G(a)(3) of the Code or “permitted investments” as defined
in Section 860G(a)(5) of the Code.

(k)                                   Solely for the purposes of Treasury Regulations Section 1.860G-1(a)(4)(iii), the “latest possible maturity date”
of the Lower-Tier Regular Interests, the Regular Certificates and the VRR Interest is the Distribution Date in July 2055.

(l)                                      None of the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer, as applicable, shall sell, dispose
of or substitute for any of the Mortgage Loans (except in connection with (i) the default, imminent default or foreclosure of a Mortgage
Loan, including but not limited to, the acquisition or sale of a Mortgaged Property acquired by foreclosure or deed in lieu of foreclosure,
(ii) the bankruptcy of the Trust, (iii) the termination of the Trust pursuant to Article IX of this Agreement or
(iv) a purchase of Mortgage Loans pursuant to Article II or Article III of this Agreement) or acquire any
assets for the Trust or any Trust REMIC or sell or dispose of any investments in the Collection Account or the REO Account for gain unless
it has received an Opinion of Counsel that such sale, disposition or substitution will not (a) affect adversely the status of any
Trust REMIC as a REMIC or (b) unless the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer, as
applicable, has determined in its sole discretion to indemnify the Trust against such tax, cause the Trust or any Trust REMIC to be subject
to a tax on “prohibited transactions” pursuant to the REMIC Provisions.

    	 	400	 

    

    

(m)                                The
Certificate Administrator’s authority under this Agreement includes the authority to make, and the Certificate Administrator is
hereby directed to make, any elections allowed under the Code (i) to avoid the application of Section 6221 of the Code
(or successor provisions) to any Trust REMIC and (ii) to avoid payment by any Trust REMIC under Section 6225 of the Code
(or successor provisions) of any tax, penalty, interest or other amount imposed under the Code that would otherwise be imposed on any
Holder of Class R Certificate, past or present. Each Holder of Class R Certificate agrees, by acquiring such Certificate,
to any such elections.

Section 10.02             Use of Agents. (a) The Trustee shall execute all of its obligations and duties under this Article X through
its Corporate Trust Office. The Trustee may execute any of its obligations and duties under this Article X either directly
or by or through agents or attorneys. The Trustee shall not be relieved of any of its duties or obligations under this Article X
by virtue of the appointment of any such agents or attorneys.

(b)                                  The Certificate Administrator may execute any of its obligations and duties under this Article X either directly or
by or through agents or attorneys. The Certificate Administrator shall not be relieved of any of its duties or obligations under this
Article X by virtue of the appointment of any such agents or attorneys.

Section 10.03             Depositor, Master Servicer and Special Servicer to Cooperate with Certificate Administrator. (a) The Depositor shall
provide or cause to be provided to the Certificate Administrator within ten (10) days after the Depositor receives a request from the
Certificate Administrator, all information or data that the Certificate Administrator reasonably determines to be relevant for tax purposes
as to the valuations and issue prices of the Certificates and the RR Interest, including, without limitation, the price, yield, Prepayment
Assumptions and projected cash flow of the Certificates and the RR Interest.

(b)                                  The Master Servicer and the Special Servicer shall each furnish such reports, certifications and information, and upon reasonable
notice and during normal business hours, access to such books and records maintained thereby, as may relate to the Certificates, the RR
Interest or the Trust and as shall be reasonably requested by the Certificate Administrator in order to enable it to perform its duties
hereunder.

Section 10.04            Appointment of REMIC Administrators. (a) The Certificate Administrator may appoint at the Certificate Administrator’s
expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator in performing the
functions set forth in Section 10.01 herein. The Certificate Administrator shall cause any such REMIC Administrator to execute
and deliver to the Certificate Administrator an instrument in which REMIC Administrator shall agree to act in such capacity, with the
obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator from
any of its obligations hereunder, and the Certificate Administrator shall remain responsible and liable for all acts and omissions of
the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator and must be organized and doing
business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state
authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator

    	 	401	 

    

    

hereby agrees to act in such capacity in accordance
with the terms hereof. If Computershare Trust Company, National Association is removed as Certificate Administrator, then Computershare
Trust Company, National Association shall be terminated as REMIC Administrator.

(b)                                  Any Person into which any REMIC Administrator may be merged or converted or with which it may be consolidated, or any Person resulting
from any merger, conversion, or consolidation to which any REMIC Administrator shall be a party, or any Person succeeding to the corporate
agency business of any REMIC Administrator, shall continue to be the REMIC Administrator without the execution or filing of any paper
or any further act on the part of the Certificate Administrator or the REMIC Administrator.

(c)                                   Any REMIC Administrator may at any time resign by giving at least thirty (30) days’ advance written notice of resignation
to the Trustee, the Certificate Registrar, the Certificate Administrator, the Master Servicer, the Special Servicer and the Depositor.
The Certificate Administrator may at any time terminate the agency of any REMIC Administrator by giving written notice of termination
to such REMIC Administrator, the Master Servicer, the Certificate Registrar and the Depositor. Upon receiving a notice of resignation
or upon such a termination, or in case at any time any REMIC Administrator shall cease to be eligible in accordance with the provisions
of this Section 10.04, the Certificate Administrator may appoint a successor REMIC Administrator, in which case the Certificate
Administrator shall give written notice of such appointment to the Master Servicer, the Trustee and the Depositor and shall mail notice
of such appointment to all Certificateholders and the RR Interest Owners; provided, however, that no successor REMIC Administrator
shall be appointed unless eligible under the provisions of this Section 10.04. Any successor REMIC Administrator upon acceptance
of its appointment hereunder shall become vested with all the rights, powers, duties and responsibilities of its predecessor hereunder,
with like effect as if originally named as REMIC Administrator. No REMIC Administrator shall have responsibility or liability for any
action taken by it as such at the direction of the Certificate Administrator.

[End of Article X]

Article XI

EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE

Section 11.01             Intent of the Parties; Reasonableness. The parties hereto acknowledge and agree that the purpose of Article XI
of this Agreement is to facilitate compliance by the Depositor (and any Other Depositor of any Other Securitization that includes a Serviced
Companion Loan) with the provisions of Regulation AB and the related rules and regulations of the Commission. The Depositor shall
not exercise its rights to request delivery of information or other performance under these provisions other than in reasonable good faith,
or for purposes other than compliance with the Securities Act, the Exchange Act, the Sarbanes-Oxley Act and, in each case, the rules
and regulations of the Commission thereunder. The parties hereto acknowledge that interpretations of the requirements of Regulation AB
may change over time, due to interpretive guidance provided by the Commission or its staff, and agree to comply with requests made by
the Depositor (or any Other Depositor or Other Trustee of any Other Securitization that includes a Serviced Companion Loan) in good faith
for delivery of information under these

    	 	402	 

    

    

provisions on the basis of such evolving interpretations
of Regulation AB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with
the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36, and any Other Securitization
subject to Regulation AB that includes a Serviced Companion Loan, each of the Master Servicer, the Special Servicer, the Operating Advisor,
the Trustee, the Custodian and the Certificate Administrator shall cooperate fully with the Depositor and the Certificate Administrator,
and any Other Depositor, Other Trustee and Other Certificate Administrator of any Other Securitization that includes a Serviced Companion
Loan, as applicable, to deliver or make available to the Depositor or the Certificate Administrator, and any such Other Depositor, Other
Trustee or Other Certificate Administrator, as applicable (including any of its assignees or designees), any and all statements, reports,
certifications, records and any other information (in its possession or reasonably attainable) necessary in the reasonable good faith
determination of the Depositor or such Other Depositor, as applicable, to permit the Depositor or such Other Depositor, as applicable,
to comply with the provisions of Regulation AB, together with such disclosures relating to the Master Servicer, the Special Servicer,
the Operating Advisor, the Trustee, the Custodian, the Asset Representations Reviewer and the Certificate Administrator, as applicable,
and any Servicing Function Participant, or the servicing of the Mortgage Loans (and the related Serviced Companion Loan, if applicable),
reasonably believed by the Depositor or the related Other Depositor to be necessary in order to effect such compliance. Each party to
this Agreement shall have a reasonable period of time to comply with any written request made under this Section 11.01, but
in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor and each Other
Depositor to satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation
to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any
legal action against such third party in connection with such obligation.

Section 11.02             Succession;
Subcontractors. (a) As a condition to the succession to the Master Servicer and Special Servicer or to any Sub-Servicer
(but only if such Sub-Servicer is a Servicing Function Participant and a servicer as contemplated by Item 1108(a)(2)) as servicer
or sub-servicer under this Agreement by any Person (i) into which the Master Servicer and Special Servicer or such Sub-Servicer
may be merged or consolidated, or (ii) which may be appointed as a successor to the Master Servicer and Special Servicer or to
any such Sub-Servicer, the person removing and replacing the Master Servicer and Special Servicer shall provide to the Depositor,
the Master Servicer, the Special Servicer and the Certificate Administrator, at least fifteen (15) calendar days prior to the
effective date of such succession or appointment (or such shorter period as is agreed to by the Depositor), (x) written notice
to the Depositor of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to the
Depositor, all information relating to such successor reasonably requested by the Depositor in order to comply with its reporting obligation
under Item 6.02 of Form 8-K pursuant to the Exchange Act (if such reports under the Exchange Act are required to be
filed under the Exchange Act); provided, however that if disclosing such information prior to such effective date would
violate any applicable law or confidentiality agreement, the Master Servicer, the Special Servicer or any Additional Servicer, as the
case may be, shall submit such disclosure to the Depositor no later than the first Business Day after the effective date of such succession
or appointment.

    	 	403	 

    

    

(b)                                  Each of the Master Servicer, the Special Servicer, the Sub-Servicer, the Trustee, the Operating Advisor, the Asset Representations
Reviewer and the Certificate Administrator (each of the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor, the
Asset Representations Reviewer and the Certificate Administrator and each Sub-Servicer, for purposes of this Section 11.02,
a “Servicer”) is permitted to utilize one or more Subcontractors to perform certain of its obligations hereunder. If
such Subcontractor will be a Servicing Function Participant, such Servicer shall promptly upon written request provide to the Depositor
or any Mortgage Loan Seller (and any Other Trustee, Other Certificate Administrator and Other Depositor related to any Other Securitization
that includes a related Serviced Companion Loan) a written description (in form and substance satisfactory to the Depositor, such Mortgage
Loan Seller or such Other Trustee, Other Certificate Administrator or Other Depositor, as applicable) of the role and function of each
Subcontractor utilized by such Servicer, specifying (i) the identity of such Subcontractor and (ii) the elements of the Servicing
Criteria that will be addressed in assessments of compliance provided by each such Subcontractor. As a condition to the utilization by
such Servicer of any Subcontractor determined to be a Servicing Function Participant, such Servicer shall (i) with respect to any
such Subcontractor engaged by such Servicer that is an Initial Sub-Servicer, use commercially reasonable efforts to cause, and (ii) with
respect to any other Subcontractor with which it has entered into a servicing relationship, cause such Subcontractor used by such Servicer
for the benefit of the Depositor and the Trustee (and any Other Trustee, Other Certificate Administrator and Other Depositor related to
any Other Securitization that includes a related Serviced Companion Loan) to comply with the provisions of Section 11.10 and
Section 11.11 of this Agreement to the same extent as if such Subcontractor were such Servicer. With respect to any Servicing
Function Participant engaged by such Servicer that is an Initial Sub-Servicer, such Servicer shall be responsible for using commercially
reasonable efforts to obtain, and with respect to each other Servicing Function Participant engaged by such Servicer, such Servicer shall
obtain from each such Servicing Function Participant and deliver to the applicable Persons any assessment of compliance report and related
accountant’s attestation required to be delivered by such Subcontractor under Section 11.10 and Section 11.11,
in each case, as and when required to be delivered. For the avoidance of doubt, the Custodian shall not be permitted to utilize any Subcontractor
to perform any of its obligations hereunder.

(c)                                   Notwithstanding
the foregoing, if a Servicer engages a Subcontractor, other than an Initial Sub-Servicer in connection with the performance of any
of its duties under this Agreement, such Servicer shall be responsible for determining whether such Subcontractor is a “servicer”
within the meaning of Item 1101 of Regulation AB and whether any such Subcontractor meets the criteria in Item 1108(a)(2)(i),
(ii) or (iii) of Regulation AB. If a Servicer determines, pursuant to the preceding sentence, that such Subcontractor is a “servicer”
within the meaning of Item 1101 of Regulation AB and meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of
Regulation AB, then such Subcontractor shall be deemed to be a Sub-Servicer for purposes of this Agreement, the engagement
of such Sub-Servicer shall not be effective unless and until notice is given to the Depositor and the Certificate Administrator of
any such Sub-Servicer and Sub-Servicing Agreement. Other than with respect to the Initial Sub-Servicer, no Sub-Servicing Agreement
shall be effective until fifteen (15) days after such written notice is received by the Depositor and the Certificate Administrator (or
such shorter period as is agreed to by the Depositor). Such notice shall contain all information reasonably necessary to enable the Certificate
Administrator to accurately and timely report the event under Item 6.02 of Form 8-K

    	 	404	 

    

    

pursuant to the Exchange Act (if such reports
under the Exchange Act are required to be filed under the Exchange Act).

(d)                                  In connection with the succession to the Trustee under this Agreement by any Person (i) into which the Trustee may be merged
or consolidated, or (ii) which may be appointed as a successor to the Trustee, the Trustee shall deliver written notice to the Depositor,
the Certificate Administrator and the 17g-5 Information Provider, which shall promptly post such notice to the 17g-5 Information
Provider’s Website pursuant to Section 3.13(c), in each case at least thirty (30) calendar days prior to the effective
date of such succession or appointment (or if such prior notice is violative of applicable law or any applicable confidentiality agreement,
no later than one (1) Business Day after such effective date of succession) and shall furnish to the Depositor and the Certificate Administrator,
in writing and in form and substance reasonably satisfactory to the Depositor and the Certificate Administrator, all information reasonably
necessary for the Certificate Administrator to accurately and timely report, pursuant to Section 11.07, the event under Item 6.02
of Form 8-K pursuant to the Exchange Act (if such reports under the Exchange Act are required to be filed under the Exchange
Act).

(e)                                   Notwithstanding anything to the contrary contained in this Article XI, in connection with any Sub-Servicer and/or
any Mortgage Loan that is the subject of an Initial Sub-Servicing Agreement, with respect to all matters related to Regulation AB,
the Master Servicer shall not have any obligation other than to use commercially reasonable efforts to cause such Sub-Servicer to
comply with its obligations under such Initial Sub-Servicing Agreement.

(f)                                     Any
information furnished pursuant to this Section 11.02 shall also be provided, and subject to the reimbursement of any applicable
expenses under Section 11.15, to each Other Depositor and each Other Certificate Administrator (to the extent the information
relates to a party that services, specially services or is trustee for a Serviced Companion Loan) in the same time frame as set forth
in this Section 11.02.

Section 11.03             Filing
Obligations. (a) The Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer and the Trustee shall reasonably cooperate with the Depositor in connection with the satisfaction of the Trust’s
reporting requirements under the Exchange Act. Pursuant to Sections 11.04, 11.05, 11.06 and 11.07
of this Agreement, the Certificate Administrator shall prepare for execution by the Depositor any Forms 8-K, 10-D, ABS-EE
and 10-K required by the Exchange Act, in order to permit the timely filing thereof, and the Certificate Administrator shall file
(via the Commission’s Electronic Data Gathering, Analysis and Retrieval System (“EDGAR”)) such Forms executed
by the Depositor.

Each party hereto shall be
entitled to rely on the information in the Prospectus or this Agreement with respect to the identity of any “sponsor”, credit
enhancer, derivative provider or “significant obligor” as of the Closing Date other than with respect to itself or any information
required to be provided by it or indemnified for by it pursuant to any separate agreement.

(b)                                  In the event that the Certificate Administrator is unable to timely file with the Commission all or any required portion of any
Form 8-K, 10-D, ABS-EE or 10-K required to be filed by this Agreement because required disclosure information was
either not delivered to it

    	 	405	 

    

    

or delivered to it after the delivery deadlines
set forth in this Agreement, the Certificate Administrator will promptly notify the Depositor. In the case of Forms 10-D, ABS-EE
and 10-K, the Depositor, the Master Servicer, the Certificate Administrator, the Operating Advisor and the Trustee will thereupon
cooperate to prepare and file a Form 12b-25 and a Form 10-D/A, Form ABS-EE/A or Form 10-K/A, as applicable,
pursuant to Rule 12b-25 of the Exchange Act. In the case of Form 8-K, the Certificate Administrator will, upon receipt
of all required Form 8-K Disclosure Information and upon the approval and direction of the Depositor, include such disclosure
information on the next succeeding Form 10-D to be filed for the Trust. In the event that any previously filed Form 8-K,
Form 10-D, Form ABS-EE or Form 10-K needs to be amended, the Certificate Administrator will notify the Depositor,
and such other parties as needed and the parties hereto will cooperate with the Certificate Administrator to prepare any necessary Form 8-K/A,
Form 10-D/A, Form ABS-EE/A or Form 10-K/A. Any Form 15, Form 12b-25 or any amendment to Form 8-K,
Form 10-D, Form ABS-EE or Form 10-K shall be signed by an officer of the Depositor. The parties to this Agreement
acknowledge that the performance by the Certificate Administrator of its duties under this Section 11.03 related to the timely
preparation and filing of Form 15, a Form 12b-25 or any amendment to Form 8-K, Form 10-D, Form ABS-EE
or Form 10-K is contingent upon the parties observing all applicable deadlines in the performance of their duties under Sections 11.03,
11.04, 11.05, 11.06, 11.07, 11.08, 11.09, 11.10, 11.11 and 11.16 of this
Agreement. The Certificate Administrator shall have no liability for any loss, expense, damage, claim arising out of or with respect to
any failure to properly prepare, arrange for execution and/or timely file any such Form 15, Form 12b-25 or any amendments
to Form 8-K, Form 10-D, Form ABS-EE or Form 10-K, where such failure results from the Certificate
Administrator’s inability or failure to receive, on a timely basis, any information from any other party hereto needed to prepare,
arrange for execution or file such Form 15, Form 12b-25 or any amendments to Form 8-K, Form 10-D, Form ABS-EE
or Form 10-K, not resulting from its own negligence, bad faith or willful misconduct.

Section 11.04             Form 10-D and Form ABS-EE Filings. (a) Within fifteen (15) days after each Distribution Date (subject to permitted
extensions under the Exchange Act), the Certificate Administrator shall prepare and file on behalf of the Trust any Form 10-D
required by the Exchange Act, in form and substance as required by the Exchange Act. The Certificate Administrator shall file each Form 10-D
with a copy of the related Distribution Date Statement attached thereto. Any disclosure in addition to the Distribution Date Statement
that is required to be included on Form 10-D (“Additional Form 10-D Disclosure”) shall, pursuant
to the following paragraph be reported by the parties set forth on Exhibit BB to the Depositor and the Certificate Administrator
and approved by the Depositor, and the Certificate Administrator will have no duty or liability for any failure hereunder to determine
or prepare any Additional Form 10-D Disclosure, absent such reporting, direction and approval.

For so long as the Trust
is subject to the reporting requirements of the Exchange Act, as set forth on Exhibit BB hereto, within five (5) calendar
days after the related Distribution Date, (i) certain parties to this Agreement identified on Exhibit BB hereto shall
be required to provide to the Certificate Administrator and the Depositor (and in the case of any Servicing Function Participant, with
a copy to the Master Servicer), to the extent a Regulation AB Servicing Officer or Responsible Officer, as the case may be, has actual
knowledge, in EDGAR-Compatible Format, or in such other format as otherwise agreed upon by the Certificate Administrator, the Depositor
and such providing parties, the form and substance of any Additional Form 10-D

    	 	406	 

    

    

Disclosure, if applicable; provided
that information relating to any REO Account to be reported under “Item 8: Other Information” on Exhibit BB shall
be reported by the Special Servicer to the Master Servicer within four (4) calendar days after the related Distribution Date on Exhibit MM;
(ii) the parties listed on Exhibit BB hereto shall include with such Additional Form 10-D Disclosure, an Additional
Disclosure Notification in the form attached hereto as Exhibit EE (except with respect to the reporting of REO Account balances
which shall be delivered in the form of Exhibit MM hereto) and (iii) the Depositor shall approve, as to form and substance,
or disapprove, as the case may be, the inclusion of the Additional Form 10-D Disclosure on Form 10-D. Information delivered
to the Certificate Administrator hereunder should be delivered by email to cts.sec.notifications@wellsfargo.com or by facsimile to (410)
715-2380, Attn: CTS SEC Notifications. Neither the Trustee nor the Certificate Administrator shall have any duty under this Agreement
to monitor or enforce the performance by the parties listed on Exhibit BB of their duties under this paragraph or proactively
solicit or procure from such parties any Additional Form 10-D Disclosure information. The Depositor shall be responsible for
any reasonable expenses incurred by the Trustee or Certificate Administrator in connection with including any Additional Form 10-D
Disclosure on Form 10-D pursuant to this paragraph.

The Certificate Administrator
shall include in any Form 10-D filed by it (i) the information required by Rule 15Ga-1(a) of the Exchange Act concerning
all assets held by the Trust that were subject of a demand for the repurchase of, or the substitution of a Qualified Substitute Mortgage
Loan for, a Mortgage Loan contemplated by Section 2.03(b), (ii) a reference to the most recent Form ABS-15G
filed by the Depositor and the Mortgage Loan Sellers, if applicable, and the Commission’s assigned “Central Index Key”
for each such filer, (iii) to the extent such information is provided to the Certificate Administrator by the Master Servicer in
the form of Exhibit MM hereto for inclusion therein within the time period described in this Section 11.04, the
balances of the REO Account (to the extent the related information has been received from the Special Servicer within the time period
specified in Section 11.04 hereof) and the Collection Account as of the related Distribution Date and as of the immediately
preceding Distribution Date and (iv) the balances of the Distribution Accounts, the Non-VRR Gain-on-Sale Reserve Account, the VRR
Interest Gain-on-Sale Reserve Account and the Interest Reserve Account, in each case as of the related Distribution Date and as
of the immediately preceding Distribution Date. The Depositor and the Mortgage Loan Sellers, in accordance with Section 6(b) of the
applicable Mortgage Loan Purchase Agreement, shall deliver such information as described in clause (i) and clause (ii)
of this paragraph.

Form 10-D requires
the registrant to indicate (by checking “yes” or “no”) that it “(1) has filed all reports required
to be filed by Section 13 or 15(d) of the Exchange Act during the preceding twelve (12) months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such filing requirements for the past ninety (90) days.” 
The Depositor shall notify the Certificate Administrator in writing via cts.sec.notifications@wellsfargo.com, no later than the 5th calendar
day after the related Distribution Date with respect to the filing of a report on Form 10-D if the answer to the questions should
be “no.”  The Certificate Administrator shall be entitled to rely on such representations in preparing, executing and/or
filing any such report.

With respect to any Mortgage
Loan that permits Additional Secured Debt or mezzanine debt in the future, the Certificate Administrator shall include as part of any
applicable

    	 	407	 

    

    

Form 10-D filed by it, to the extent such
information is received by the Certificate Administrator from the Master Servicer or the Special Servicer, as applicable, substantially
in the form of Exhibit KK (A) the amount of any such Additional Secured Debt or mezzanine debt, as applicable, that is
incurred during the related Collection Period, (B) the total debt service coverage ratio calculated on the basis of the Mortgage
Loan and such Additional Secured Debt or mezzanine debt, as applicable, and (C) the aggregate LTV Ratio calculated on the basis of
the Mortgage Loan and such Additional Secured Debt or mezzanine debt, as applicable.

The Depositor hereby directs
the Certificate Administrator to include the following individual’s name and phone number on the cover of Forms 10-D and ABS-EE
for each reporting period: Name: Kunal K. Singh, Telephone: (212) 834-5467. The Certificate Administrator may rely without further investigation
that this information remains correct unless and until the Depositor provides the Certificate Administrator with a new individual’s
name and phone number in writing.

Upon receipt of an Asset
Review Report Summary from the Asset Representations Reviewer required to be delivered pursuant to Section 12.01(b), the Certificate
Administrator shall (i) include such Asset Review Report Summary in Item 1B on the Form 10-D for such period in which such Asset
Review Report Summary was delivered, and (ii) post such Asset Review Report Summary to the Certificate Administrator’s Website
not later than two (2) Business Days after receipt of such Asset Review Report Summary from the Asset Representations Reviewer.

To the extent the Certificate
Administrator receives a request from any Certificateholder or Certificate Owner to communicate with other Certificateholders or Certificate
Owners pursuant to Section 5.06, the Certificate Administrator shall include under Item 1B on the Form 10-D relating to the
reporting period in which such request was received a Special Notice regarding the request to communicate, and such Special Notice is
required to include the following and no more than the following: (a) the name of the Certificateholder or Certificate Owner making
the request, (b) the date the request was received, (c) a statement to the effect that the Certificate Administrator has received
such request, stating that such Certificateholder or Certificate Owner is interested in communicating with other Certificateholders or
Certificate Owners with regard to the possible exercise of rights under this Agreement, and (d) a description of the method other
Certificateholders or Certificate Owners may use to contact the requesting Certificateholder or Certificate Owner.

(b)                                  After preparing the Form 10-D and Form ABS-EE, the Certificate Administrator shall forward electronically copies of the
Form 10-D and Form ABS-EE to the Depositor for review no later than ten (10) calendar days after the related Distribution Date
or, if the 10th calendar day after the related Distribution Date is not a Business Day, the immediately preceding Business Day. Within
two (2) Business Days after receipt of such copies, but no later than the two (2) Business Days prior to the 15th calendar day after the
Distribution Date, the Depositor shall notify the Certificate Administrator in writing (which may be furnished electronically) of any
changes to or approval of such Form 10-D and Form ABS-EE, respectively, and, a duly authorized officer of the Depositor shall
sign the Form 10-D and Form ABS-EE and return an electronic or fax copy of such signed Form 10-D and Form ABS-EE (with
an original executed hard copy to follow by overnight mail) to the Certificate Administrator. Alternatively, if the Certificate Administrator
agrees in its sole discretion, the Depositor may deliver to the

    	 	408	 

    

    

Certificate Administrator manually signed copies
of a power of attorney meeting the requirements of Item 601(b)(24) of Regulation S-K under the Securities Act, and certified
copies of a resolution of the Depositor’s board of directors authorizing such power of attorney, each to be filed with each Form 10-D
and each Form ABS-EE, as applicable, in which case the Certificate Administrator shall sign such Forms 10-D and Forms ABS-EE,
as applicable, as attorney in fact for the Depositor. As provided in Section 11.04(a), the Certificate Administrator shall
file such Form ABS-EE, upon receipt of the Depositor’s signature thereof, prior to the filing of the related Form 10-D. If a Form
10-D or Form ABS-EE cannot be filed on time or if a previously filed Form 10-D or Form ABS-EE needs to be amended, the Certificate
Administrator shall follow the procedures set forth in Section 11.03(b). Promptly after filing with the Commission, the Certificate
Administrator shall make available on its Internet website a final executed copy of each Form 10-D and Form ABS-EE filed by the
Certificate Administrator. The signing party at the Depositor for any Form 10-D or Form ABS-EE can be contacted at Ian W. Sterling, Executive
Director & Assistant General Counsel, J.P. Morgan Chase Commercial Mortgage Securities Corp., 4 New York Plaza, 21st Floor, New York,
New York 10004-2413, telecopy number: (917) 464-6116, with a copy to Kunal Singh, President and CEO, J.P. Morgan Chase Commercial Mortgage
Securities Corp., 383 Madison Avenue, 8th Floor, New York, New York 10179, telecopy number: (212) 834-6029. The parties to this Agreement
acknowledge that the performance by the Certificate Administrator of its duties under this Section 11.04(b) and Section 11.04(c)
related to the timely preparation and filing of Form 10-D and Form ABS-EE, as applicable, is contingent upon such parties observing
all applicable deadlines in the performance of their duties under this Section 11.04(b) and Section 11.04(c).
Neither the Trustee nor the Certificate Administrator shall have any liability for any loss, expense, damage, or claim arising out of
or with respect to any failure to properly prepare, arrange for execution and/or timely file such Form 10-D or such Form ABS-EE,
respectively, where such failure results from the Certificate Administrator’s inability or failure to receive, on a timely basis,
any information from any party to this Agreement needed to prepare, arrange for execution or file such Form 10-D or such Form
ABS-EE, respectively, not resulting from its own negligence, bad faith or willful misconduct.

(c)                                   Prior to the filing of each Form 10-D by the Certificate Administrator pursuant to Section 11.04(a), the Certificate
Administrator shall prepare and file on behalf of the Trust any Form ABS-EE in form and substance as required by the Exchange Act and
the rules and regulations of the Commission thereunder; provided that the foregoing shall not apply to any Form ABS-EE required
to be filed with the Commission and incorporated by reference in either the preliminary Prospectus or the final Prospectus. The Certificate
Administrator shall file each Form ABS-EE with a copy of the related CREFC® Schedule AL File received by the Certificate
Administrator pursuant to Section 3.12(d) as Exhibit 102 thereto. To the extent the Certificate Administrator receives any
Schedule AL Additional File with respect to such Form ABS-EE pursuant to Section 3.12(d), the Certificate Administrator shall
file such Schedule AL Additional File as Exhibit 103 to such Form ABS-EE. The Certificate Administrator shall not be required to combine
multiple CREFC® Schedule AL Files or Schedule AL Additional Files. The Certificate Administrator shall not be required
to review, redact, reconcile, edit or verify the content, completeness or accuracy of the information contained in any CREFC®
Schedule AL File or Schedule AL Additional File. After preparing the Form ABS-EE, the Certificate Administrator shall forward electronically
a copy of such Form ABS-EE (together with the related CREFC® Schedule AL File and any Schedule AL Additional File received by the
Certificate Administrator) concurrently with the related Form 10-D to the Depositor for review and approval. Any questions

    	 	409	 

    

    

are to be directed to Midland Loan Services,
a Division of PNC Bank, National Association at the email address provided with the submission of such CREFC® Schedule
AL File and Schedule AL Additional File (or such other email address or phone number provided to the Certificate Administrator and Depositor
by written notice from the Master Servicer). The Master Servicer shall reasonably cooperate with the Depositor to answer any reasonable
questions that the Depositor may pose to the Master Servicer regarding the data or information contained in any CREFC®
Schedule AL File or Schedule AL Additional File (other than questions regarding data that is in the Initial Schedule AL File, Initial
Schedule AL Additional File or the Annex A to the Prospectus) as of the time the Master Servicer delivered such CREFC®
Schedule AL File or Schedule AL Additional File, as applicable, to the Certificate Administrator. The Certificate Administrator, the Master
Servicer and the Depositor, as applicable, shall each, to the extent related to such party’s obligations hereunder, reasonably cooperate
to remedy any filing errors regarding any CREFC® Schedule AL File or any Schedule AL Additional File promptly.

Section 11.05             Form 10-K Filings. (a) Within ninety (90) days after the end of each fiscal year of the Trust (it being understood
that the fiscal year for the Trust ends on December 31 of each year) or such earlier date as may be required by the Exchange Act
(the “10-K Filing Deadline”), commencing in March 2023, the Certificate Administrator shall prepare and file on
behalf of the Trust a Form 10-K, in form and substance as required by the Exchange Act. Each such Form 10-K shall include
the following items, in each case to the extent they have been delivered to the Certificate Administrator within the applicable time frames
set forth in this Agreement:

(i)                                      an annual compliance statement for the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian
and each Additional Servicer, as described under Section 11.09, including disclosure regarding any material instance of noncompliance
and the nature and status thereof;

(ii)                                  (A) the annual reports on assessment of compliance with servicing criteria for the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Custodian, the Operating Advisor, each Additional Servicer and each other Servicing Function
Participant;

(B)                   if any such report on assessment of compliance with Servicing Criteria described under Section 11.10 identifies any
material instance of noncompliance, disclosure identifying such instance of noncompliance (including whether such instance of noncompliance
involved the servicing of the assets backing the Certificates issued pursuant to this Agreement and any steps taken to remedy such instance
of noncompliance), or if such report on assessment of compliance with Servicing Criteria described under Section 11.10 is
not included as an exhibit to such Form 10-K, disclosure that such report is not included and an explanation why such report
is not included;

(iii)                               (A) the registered public accounting firm attestation report for the Trustee, the Master Servicer, the Special Servicer, the
Certificate Administrator, the Custodian, the Operating Advisor, each Additional Servicer and each Servicing Function Participant; and
(B) if any registered public accounting firm attestation report described under

    	 	410	 

    

    

Section 11.11 identifies
any material instance of noncompliance, disclosure identifying such instance of noncompliance, or if any such registered public accounting
firm attestation report is not included as an exhibit to such Form 10-K, disclosure that such report is not included and an explanation
why such report is not included; and

(iv)                               a certification in the form attached hereto as Exhibit Y, with such changes as may be necessary or appropriate as a
result of changes promulgated by the Commission (the “Sarbanes-Oxley Certification”), which shall, except as described
below, be signed by the senior officer of the Depositor in charge of securitization.

Any disclosure or information in addition to
(i) through (iv) above that is required to be included on Form 10-K (“Additional Form 10-K Disclosure”)
shall, pursuant to the following paragraph be reported by the parties set forth on Exhibit CC to the Depositor and the Certificate
Administrator and approved by the Depositor and the Certificate Administrator will have no duty or liability for any failure hereunder
to determine or prepare any Additional Form 10-K Disclosure, absent such reporting, direction and approval. Information delivered
to the Certificate Administrator hereunder should be delivered (i) by email to cts.sec.notifications@wellsfargo.com and also (ii) by email
to form10K.compliance@cwt.com.

As set forth on Exhibit CC
hereto, no later than March 1st of each year that the Trust is subject to the Exchange Act reporting requirements, commencing in
2022, (i) the parties listed on Exhibit CC shall be required to provide to the Certificate Administrator and the Depositor,
to the extent a Regulation AB Servicing Officer or Responsible Officer, as the case may be, has actual knowledge, in EDGAR-Compatible
Format or in such other format as otherwise agreed upon by the Certificate Administrator, the Depositor and such providing parties, the
form and substance of any Additional Form 10-K Disclosure, if applicable, (ii) the parties listed on Exhibit CC
hereto shall include with such Additional Form 10-K Disclosure, an Additional Disclosure Notification in the form attached hereto
as Exhibit EE and (iii) the Depositor will approve, as to form and substance, or disapprove, as the case may be, the
inclusion of the Additional Form 10-K Disclosure on Form 10-K. Neither the Trustee nor the Certificate Administrator
has any duty under this Agreement to monitor or enforce the performance by the parties listed on Exhibit CC of their duties
under this paragraph or proactively solicit or procure from such parties any Additional Form 10-K Disclosure information. The
Depositor will be responsible for any reasonable expenses incurred by the Trustee and the Certificate Administrator in connection with
including any Additional Form 10-K Disclosure on Form 10-K pursuant to this paragraph.

Form 10-K requires
the registrant to indicate (by checking “yes” or “no”) that it “(1) has filed all reports required
to be filed by Section 13 or 15(d) of the Exchange Act during the preceding twelve (12) months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such filing requirements for the past ninety (90) days.” 
The Depositor shall notify the Certificate Administrator in writing via cts.sec.notifications@wellsfargo.com, no later than March 1st
with respect to the filing of a report on Form 10-K, if the answer to the questions should be “no.” The Certificate
Administrator shall be entitled to rely on such representations in preparing, executing and/or filing any such report.

    	 	411	 

    

    

(b)                                  After preparing the Form 10-K, the Certificate Administrator shall forward electronically a copy of the Form 10-K
to the Depositor for review no later than six (6) Business Days prior to the 10-K Filing Deadline. Within three (3) Business Days
after receipt of such copy, but no later than March 25th, the Depositor shall notify the Certificate Administrator in writing
(which may be furnished electronically) of any changes to or approval of such Form 10-K and the senior officer in charge of
securitization for the Depositor shall sign the Form 10-K and return an electronic or fax copy of such signed Form 10-K
(with an original executed hard copy to follow by overnight mail) to the Certificate Administrator at such time. If a Form 10-K
cannot be filed on time or if a previously filed Form 10-K needs to be amended, the Certificate Administrator shall follow
the procedures set forth in Section 11.03(b). Promptly after filing with the Commission, the Certificate Administrator
shall make available on its Internet website a final executed copy of each Form 10-K filed by the Certificate Administrator.
The signing party at the Depositor can be contacted at Ian W. Sterling, Executive Director & Assistant General Counsel, J.P. Morgan
Chase Commercial Mortgage Securities Corp., 4 New York Plaza, 21st Floor, New York, New York 10004-2413, telecopy number: (917) 464-6116,
with a copy to Kunal Singh, President and CEO, J.P. Morgan Chase Commercial Mortgage Securities Corp., 383 Madison Avenue, 8th Floor,
New York, New York 10179, telecopy number: (212) 834-6029. The parties to this Agreement acknowledge that the performance by the
Certificate Administrator of its duties under this Section 11.05 related to the timely preparation and filing of Form 10-K
is contingent upon the parties to this Agreement (and any Additional Servicer or Servicing Function Participant engaged or utilized,
as applicable, by any such parties) observing all applicable deadlines in the performance of their duties under this Section 11.05.
Neither the Trustee nor the Certificate Administrator shall have any liability for any loss, expense, damage, claim arising out of or
with respect to any failure to properly prepare, arrange for execution and/or timely file such Form 10-K, where such failure
results from the Certificate Administrator’s failure to receive, on a timely basis, any information from the parties to this Agreement
(or any Servicing Function Participant engaged by any such parties) needed to prepare, arrange for execution or file such Form 10-K,
not resulting from its own negligence, bad faith or willful misconduct.

(c)                                   Upon written request from any Mortgage Loan Seller, the Master Servicer or the Special Servicer, the Certificate Administrator
shall confirm to such Mortgage Loan Seller, Master Servicer or Special Servicer whether it has received notice that any party to this
Agreement has changed since the Closing Date and will provide to such Mortgage Loan Seller, the Master Servicer or the Special Servicer,
if known to the Certificate Administrator, the identity of the new party.

Section 11.06             Sarbanes-Oxley Certification. Each Form 10-K shall include a Sarbanes-Oxley Certification in the form attached
as Exhibit Y required to be included therewith pursuant to the Sarbanes-Oxley Act. For so long as the Trust or the trust
for any Other Securitization is subject to the reporting requirements of the Exchange Act, the Master Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Custodian, the Operating Advisor and the Asset Representations Reviewer (in the case of
the Asset Representations Reviewer, solely with respect to reporting periods in which the Asset Representations Reviewer is required to
conduct an Asset Review or prepare or deliver an Asset Review Report) shall provide, and (i) with respect to each Initial Sub-Servicer
engaged by the Master Servicer or the Special Servicer, as applicable, that is a Servicing Function Participant use commercially reasonable
efforts to cause such Initial Sub-Servicer to provide, and (ii) with respect to each other Servicing

    	 	412	 

    

    

Function Participant with which the Master
Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian or the Operating Advisor has entered into a
servicing relationship with respect to the Mortgage Loans, shall cause such Servicing Function Participant to provide, to each Person
who signs the Sarbanes-Oxley Certification for the Trust or any Other Securitization that includes a Serviced Companion Loan (individually
and collectively, the “Certifying Person”), on or before March 1st of each year commencing in March 2023, a certification
substantially in the form attached hereto as Exhibits Z-1, Z-2, Z-3, Z-4, Z-5,
Z-6 or Z-7 (each, a “Performance Certification”), as applicable, on which the Certifying Person, each
entity for which such Certifying Person acts as an officer (if the Certifying Person is an individual), and such entity’s officers,
directors and Affiliates (collectively with the Certifying Person, “Certification Parties”) can reasonably rely; provided
that, if a Servicing Function Participant (other than an Initial Sub-Servicer) with which the Master Servicer, the Special Servicer, the
Trustee, the Certificate Administrator, the Custodian or the Operating Advisor has entered into a servicing relationship with respect
to the Mortgage Loans fails to provide a Performance Certification, the Performance Certification provided by the Master Servicer, the
Special Servicer, the Trustee, the Certificate Administrator, the Custodian or the Operating Advisor, as applicable, that engaged such
Servicing Function Participant shall not exclude information that would have been provided by such Servicing Function Participant. In
addition, in the event that any Serviced Companion Loan is deposited into a commercial mortgage securitization (including an “Other
Securitization”) and the Reporting Servicer is provided with timely and complete contact information for the parties to such
Other Securitization, each Reporting Servicer, upon not less than thirty (30) days prior written request, shall provide to the Person
who signs the Sarbanes-Oxley Certification with respect to such Other Securitization either the Performance Certification or a separate
certification in form and substance similar to applicable Performance Certification (which shall address the matters contained in the
applicable Performance Certification, but solely with respect to the related Companion Loan) on which such Person, the entity for which
the Person acts as an officer (if the Person is an individual), and such entity’s officers, directors and Affiliates can reasonably
rely. With respect to any Non-Serviced Companion Loan, the Certificate Administrator will use its reasonable efforts to procure a
Sarbanes-Oxley Certification from the applicable Non-Serviced Master Servicer, Non-Serviced Special Servicer and Non-Serviced
Trustee in form and substance similar to a Performance Certification. The senior officer in charge of securitization for the Depositor
shall serve as the Certifying Person on behalf of the Trust. In addition, each Reporting Servicer shall execute a reasonable reliance
certificate (which may be included as part of such other certifications being delivered by such Reporting Servicer) to enable the Certification
Parties to rely upon each (i) annual compliance statement provided pursuant to Section 11.09, if applicable, (ii) annual
report on assessment of compliance with Servicing Criteria provided pursuant to Section 11.10 and (iii) accountant’s
report provided pursuant to Section 11.11, and shall include a certification that each such annual compliance statement or
report discloses any deficiencies or defaults described to the registered public accountants of such Reporting Servicer to enable such
accountants to render the certificates provided for in Section 11.11. In the event any Reporting Servicer is terminated or
resigns pursuant to the terms of this Agreement, or any applicable sub-servicing agreement or primary servicing agreement, as the
case may be, such Reporting Servicer shall provide a certification to the Certifying Person pursuant to this Section 11.06
with respect to the period of time it was subject to this Agreement or the applicable sub-servicing or primary servicing agreement,
as the case may be. Each such Performance Certification shall be

    	 	413	 

    

    

provided in EDGAR-Compatible Format, or
in such other format agreed upon by the Depositor, the Certificate Administrator and such providing parties. Notwithstanding the foregoing,
nothing in this Section 11.06 shall require any Reporting Servicer (i) to certify or verify the accurateness or completeness
of any information provided to such Reporting Servicer by third parties (including a Significant Obligor, but other than an Additional
Servicer or a Sub-Servicer appointed pursuant to Section 3.20), (ii) to certify information other than to such Reporting
Servicer’s knowledge and in accordance with such Reporting Servicer’s responsibilities hereunder or (iii) with respect
to completeness of information and reports, to certify anything other than that all fields of information called for in written reports
prepared by such Reporting Servicer have been completed except as they have been left blank on their face.

Notwithstanding anything
to the contrary contained in this Section 11.06, with respect to each year in which the Trust is not subject to the reporting
requirements of the Exchange Act, none of the parties required to deliver any certification under this Section 11.06 shall
be obligated to do so.

Section 11.07             Form 8-K Filings. Within four (4) Business Days after the occurrence of an event requiring disclosure on Form 8-K
(each such event, a “Reportable Event”), and if requested by the Depositor and to the extent it receives the Form 8-K
Disclosure Information described below, the Certificate Administrator shall prepare and file on behalf of the Trust any Form 8-K,
as required by the Exchange Act, provided that the Depositor shall file the initial Form 8-K in connection with the issuance
of the Certificates. Any disclosure or information related to a Reportable Event or that is otherwise required to be included on Form 8-K
(“Form 8-K Disclosure Information”) shall, pursuant to the following paragraph be reported by the parties
set forth on Exhibit DD to the Depositor and the Certificate Administrator and approved by the Depositor, and the Certificate
Administrator will have no duty or liability for any failure hereunder to determine or prepare any Form 8-K Disclosure Information
or any Form 8-K, absent such reporting, direction and approval.

As set forth on Exhibit DD
hereto, for so long as the Trust is subject to the Exchange Act reporting requirements, no later than close of business, New York City
time, on the 2nd Business Day after the occurrence of a Reportable Event (i) the parties set forth on Exhibit DD hereto
shall be required to provide to the Depositor and the Certificate Administrator, to the extent a Regulation AB Servicing Officer
or Responsible Officer, as the case may be, has actual knowledge, in EDGAR-Compatible Format or in such other format agreed upon by
the Depositor, the Certificate Administrator and such providing parties any Form 8-K Disclosure Information, if applicable, (ii) the
parties listed on Exhibit DD hereto shall include with such Form 8-K Disclosure Information, an Additional Disclosure
Notification in the form attached hereto as Exhibit EE and (iii) the Depositor will approve, as to form and substance,
or disapprove, as the case may be, the inclusion of the Form 8-K Disclosure Information on Form 8-K. Neither the Trustee
nor the Certificate Administrator has any duty under this Agreement to monitor or enforce the performance by the parties listed on Exhibit DD
of their duties under this paragraph or proactively solicit or procure from such parties any Form 8-K Disclosure Information.
The Depositor will be responsible for any reasonable expenses incurred by the Trustee and the Certificate Administrator in connection
with including any Form 8-K Disclosure Information on Form 8-K pursuant to this paragraph. Information delivered to
the Certificate Administrator hereunder should be delivered

    	 	414	 

    

    

by email to cts.sec.notifications@wellsfargo.com
or by facsimile to (410) 715-2380, Attn: CTS SEC Notifications.

After preparing the Form 8-K,
the Certificate Administrator shall forward electronically a copy of the Form 8-K to the Depositor for review no later than noon,
New York City time, on the 3rd Business Day after the Reportable Event, but in no event earlier than 24 hours after having received the
Form 8-K Disclosure Information pursuant to the immediately preceding paragraph. Promptly, but no later than the close of business
on the 3rd Business Day after the Reportable Event, the Depositor shall notify the Certificate Administrator in writing (which may be
furnished electronically) of any changes to or approval of such Form 8-K. No later than noon, New York City time, on the 4th
Business Day after the Reportable Event, a duly authorized officer of the Depositor shall sign the Form 8-K and return an electronic
or fax copy of such signed Form 8-K (with an original executed hard copy to follow by overnight mail) to the Certificate Administrator.
If a Form 8-K cannot be filed on time or if a previously filed Form 8-K needs to be amended, the Certificate Administrator
will follow the procedures set forth in Section 11.03(b). The Certificate Administrator shall file such Form 8-K. Promptly
after filing with the Commission, the Certificate Administrator will, make available on its Internet website a final executed copy of
each Form 8-K filed by the Certificate Administrator. The signing party at the Depositor can be contacted at Ian W. Sterling,
Executive Director & Assistant General Counsel, J.P. Morgan Chase Commercial Mortgage Securities Corp., 4 New York Plaza, 21st Floor,
New York, New York 10004-2413, telecopy number: (917) 464-6116, with a copy to Kunal Singh, President and CEO, J.P. Morgan
Chase Commercial Mortgage Securities Corp., 383 Madison Avenue, 8th Floor, New York, New York 10179, telecopy number: (212) 834-6029.
The parties to this Agreement acknowledge that the performance by the Certificate Administrator of its duties under this Section 11.07
related to the timely preparation and filing of Form 8-K is contingent upon such parties observing all applicable deadlines in
the performance of their duties under this Section 11.07. Neither the Trustee nor the Certificate Administrator shall have
any liability for any loss, expense, damage, claim arising out of or with respect to any failure to properly prepare, arrange for execution
and/or timely file such Form 8-K, where such failure results from the Certificate Administrator’s inability or failure
to receive, on a timely basis, any information from the parties to this Agreement needed to prepare, arrange for execution or file such
Form 8-K, not resulting from its own negligence, bad faith or willful misconduct.

The Master Servicer, the
Special Servicer, the Certificate Administrator and the Trustee shall promptly notify (and the Master Servicer and the Special Servicer,
as applicable, shall (i) with respect to each Initial Sub-Servicer that is an Additional Servicer engaged by such Master Servicer
or Special Servicer, as applicable, use commercially reasonable efforts to cause such Additional Servicer to promptly notify and (ii) with
respect to each other Additional Servicer with which it has entered into a servicing relationship with respect to the Mortgage Loans (other
than a party to this Agreement) cause such Additional Servicer to promptly notify) the Depositor and the Certificate Administrator, but
in no event later than noon, New York City time, on the 2nd Business Day after its occurrence, of any Reportable Event applicable to such
party to the extent a Regulation AB Servicing Officer or Responsible Officer, as the case may be, has actual knowledge, in EDGAR-Compatible
Format.

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Notwithstanding anything
to the contrary in this Section 11.07, with respect to each year in which the Trust is not subject to the reporting requirements
of the Exchange Act, none of the parties hereto are required to deliver Form 8-K Disclosure Information.

For so long as the Trust
is subject to the reporting obligations of the Exchange Act, with respect to any Non-Serviced Mortgage Loan serviced under the related
Non-Serviced PSA, no resignation, removal or replacement of any party to such Non-Serviced PSA that would be required to be reported on
a Form 8-K relating to this Trust shall become effective with respect to this Trust until the Certificate Administrator has filed any
required Form 8-K pursuant to this Section 11.07.

Section 11.08             Form 15 Filing. On or prior to January 30th of the first year in which the Depositor shall provide notice to the
Certificate Administrator of its ability under applicable law to suspend its Exchange Act filings, the Certificate Administrator shall
prepare and file a notification relating to the automatic suspension of reporting in respect of the Trust under the Exchange Act (the
“Form 15 Suspension Notification”) or any form necessary to be filed with the Commission to suspend such reporting
obligations. With respect to any reporting period occurring after the filing of such form, the obligations of the parties to this Agreement
under Section 11.04, Section 11.05 and Section 11.07 shall be suspended and reports or certifications
due under Section 11.09, 11.10 and 11.11 shall not be due until April 15th of each year. The Certificate Administrator
shall provide prompt notice to the Mortgage Loan Sellers and all other parties hereto that such form has been filed. If, after the filing
of a Form 15 Suspension Notification, the Depositor shall provide notice to the Certificate Administrator that it is required to
resume its Exchange Act filings, the Certificate Administrator shall recommence preparing and filing reports on Forms 10-K, 10-D,
ABS-EE and 8-K as required pursuant to Section 11.04, Section 11.05 and Section 11.07, and all
parties’ obligations under this Article XI shall recommence.

Section 11.09             Annual Compliance Statements. The Master Servicer, the Special Servicer (regardless of whether the Special Servicer has
commenced special servicing of a Mortgage Loan), the Custodian, the Trustee (provided, however, that the Trustee shall not
be required to deliver an assessment of compliance with respect to any period during which there was no Relevant Servicing Criteria applicable
to it) and the Certificate Administrator (each, a “Certifying Servicer”) shall (and each such party shall (i) with
respect to each Additional Servicer engaged by the Certifying Servicer that is an Initial Sub-Servicer, use commercially reasonable
efforts to cause such Additional Servicer to and (ii) with respect to each other Additional Servicer that is also a Servicing Function
Participant with which it has entered into a servicing relationship with respect to the Mortgage Loans, cause such Additional Servicer
to), on or before March 1st of each year commencing in March 2023, furnish to the Trustee, the Certificate Administrator (which copy
shall be deemed furnished by the Certificate Administrator when made available on its Internet website), the Depositor and the 17g-5
Information Provider (who shall post to the 17g-5 Information Provider’s Website), an Officer’s Certificate, in the form
attached hereto as Exhibit HH (or such other form, similar in substance, as may be reasonably acceptable to the Depositor)
stating that (A) a review of such Certifying Servicer’s activities during the preceding calendar year or portion thereof and
of such Certifying Servicer’s performance under this Agreement, or the applicable sub-servicing agreement or primary servicing
agreement in the case of an Additional Servicer, has been made under such officer’s supervision and (B) to the best of

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such officer’s knowledge, based on such
review, such Certifying Servicer has fulfilled all its obligations under this Agreement, or the applicable sub-servicing agreement
or primary servicing agreement in the case of an Additional Servicer, in all material respects throughout such year or portion thereof,
or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer
and the nature and status thereof. Such Officer’s Certificate shall be provided in EDGAR-Compatible Format, or in such other
format agreed upon by the Depositor, the Certificate Administrator and such providing parties. Each Certifying Servicer shall (i) with
respect to each Additional Servicer engaged by such Certifying Servicer that is an Initial Sub-Servicer, cause (or, in the case of
a sub-servicer that is also a Servicing Function Participant that a Mortgage Loan Seller requires the Master Servicer to retain, to use
commercially reasonable efforts to cause) such Additional Servicer, and (ii) with respect to each other Additional Servicer with
which it has entered into a servicing relationship with respect to the Mortgage Loans, cause such Additional Servicer to forward a copy
of each such statement (or, in the case of the Certificate Administrator, make a copy of each such statement available on its Internet
website) to the Directing Certificateholder and the 17g-5 Information Provider. With respect to any Non-Serviced Companion Loan,
the Certificate Administrator will use its reasonable efforts to procure such Officer’s Certificate from the applicable Non-Serviced
Master Servicer, Non-Serviced Special Servicer and Non-Serviced Trustee in form and substance similar to the form attached hereto
as Exhibit HH. Promptly after receipt of each such Officer’s Certificate, the Depositor may review each such Officer’s
Certificate and, if applicable, consult with the Certifying Servicer as to the nature of any failures by the Certifying Servicer or any
related Additional Servicer with which the Certifying Servicer has entered into a servicing relationship with respect to the Mortgage
Loans in the fulfillment of any of the Certifying Servicer’s or Additional Servicer’s obligations hereunder or under the applicable
sub-servicing or primary servicing agreement. The obligations of the Certifying Servicer and each Additional Servicer under this Section 11.09
apply to the Certifying Servicer and each Additional Servicer that serviced a Mortgage Loan during the applicable period, whether or not
such Certifying Servicer or Additional Servicer is acting as the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator
or Additional Servicer at the time such Officer’s Certificate is required to be delivered. None of the Master Servicer, Special
Servicer or Additional Servicer shall be required to cause the delivery of any such statement until April 15 in any given year so
long as it has received written confirmation from the Depositor (or, in the case of an Other Securitization, the related Other Depositor)
that a report on Form 10-K is not required to be filed in respect of the Trust or the trust for any Other Securitization for
the preceding calendar year.

In the event the Master Servicer,
the Special Servicer, the Trustee or the Certificate Administrator is terminated or resigns pursuant to the terms of this Agreement, such
party shall provide, and each of the Master Servicer and the Special Servicer shall (i) with respect to an Initial Sub-Servicer
engaged by such party that is an Additional Servicer that resigns or is terminated under any applicable servicing agreement, use its reasonable
efforts to cause such Additional Servicer to provide and (ii) with respect to any other Additional Servicer engaged by such party
that resigns or is terminated under any applicable servicing agreement, cause such Additional Servicer to provide, an annual statement
of compliance pursuant to this Section 11.09 with respect to the period of time that the Master Servicer, the Special Servicer,
the Trustee or the Certificate Administrator was subject to this Agreement or the period of time that such Additional Servicer was subject
to such other servicing agreement.

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Section 11.10          Annual Reports on Assessment
of Compliance with Servicing Criteria. (a) On or before March 1st of each year commencing in March
2023, the Master Servicer, the Special Servicer (regardless of whether the Special Servicer has commenced special servicing of the
Mortgage Loans), the Trustee (provided, however, that the Trustee shall not be required to deliver an assessment of
compliance with respect to any period during which there was no Relevant Servicing Criteria applicable to it), the Custodian, the
Operating Advisor, the Certificate Administrator and each Additional Servicer, each at its own expense, shall furnish (and each such
party shall (i) with respect to each Initial Sub-Servicer engaged by such Master Servicer, Special Servicer, Trustee,
Operating Advisor, Custodian or Certificate Administrator that is a Servicing Function Participant, use commercially reasonable
efforts to cause such Servicing Function Participant to furnish and (ii) with respect to each other Servicing Function
Participant with which it has entered into a servicing relationship with respect to the Mortgage Loans, cause such Servicing
Function Participant to furnish) to the Trustee, the Certificate Administrator, the Depositor (which copy shall be deemed furnished
by the Certificate Administrator when made available on its Internet website) (and, with respect to the Special Servicer, also to
the Operating Advisor), and the 17g-5 Information Provider, a report substantially in the form of Exhibit II or
such other form provided by such Reporting Servicer that complies in all material respects with the requirements of Item 1122
of Regulation AB, on an assessment of compliance with the Servicing Criteria applicable to it that contains (A) a
statement by such Reporting Servicer of its responsibility for assessing compliance with the Relevant Servicing Criteria,
(B) a statement that such Reporting Servicer used the Relevant Servicing Criteria to assess compliance with the Relevant
Servicing Criteria, (C) such Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria as of
and for the period ending the end of the fiscal year covered by the Form 10-K required to be filed pursuant to Section 11.05,
including, if there has been any material instance of noncompliance with the Relevant Servicing Criteria, a discussion of each such
failure and the nature and status thereof, and (D) a statement that a registered public accounting firm has issued an
attestation report on such Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria as of and for
such period. With respect to any Non-Serviced Companion Loan, the Certificate Administrator will use its reasonable efforts to
procure such report from the applicable Non-Serviced Master Servicer, Non-Serviced Special Servicer and Non-Serviced
Trustee in form and substance similar to the form attached hereto as Exhibit II. Such report shall be provided in
EDGAR-Compatible Format, or in such other format agreed upon by the Depositor, the Certificate Administrator and the Reporting
Servicer.

Each such report shall be
addressed to the Depositor and signed by an authorized officer of the applicable company, and shall address the Relevant Servicing Criteria
specified on a certification substantially in the form of Exhibit AA hereto delivered to the Depositor on the Closing Date.
Promptly after receipt of each such report, (i) the Depositor may review each such report and, if applicable, consult with each Reporting
Servicer as to the nature of any material instance of noncompliance with the Relevant Servicing Criteria applicable to it (and each Servicing
Function Participant engaged or utilized by each Reporting Servicer, as applicable), and (ii) the Certificate Administrator shall
confirm that the assessments taken individually address the Relevant Servicing Criteria for each party as set forth on Exhibit AA
and notify the Depositor of any exceptions. None of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee
or any Servicing Function Participant shall be required to cause the delivery of any such assessments until April 15th in any given year
so long as it has received written confirmation from the Depositor (or, in the case of an Other Securitization, the related Other Depositor)
that a

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report on Form 10-K is not required
to be filed in respect of the Trust or the trust for any Other Securitization for the preceding calendar year.

Notwithstanding the foregoing,
at any time that the Certificate Administrator and the Trustee are the same entity, the Certificate Administrator and Trustee may provide
a combined assessment of compliance required pursuant to this Section 11.10(a) in respect of their combined Relevant Servicing
Criteria as set forth on Exhibit AA hereto.

(b)                                  The Master Servicer, the Special Servicer, the Trustee, the Operating Advisor and the Certificate Administrator hereby acknowledge
and agree that the Relevant Servicing Criteria set forth on Exhibit AA is appropriately set forth with respect to such party
and any Servicing Function Participant with which the Master Servicer, Special Servicer, Trustee, Operating Advisor or Certificate Administrator
has entered into a servicing relationship.

(c)                                   No later than ten (10) Business Days after the end of each fiscal year for the Trust, the Master Servicer and the Special Servicer
shall notify the Certificate Administrator, the Depositor and each Mortgage Loan Seller as to the name of each Additional Servicer engaged
by it and each Servicing Function Participant utilized by it, in each case other than with respect to any Initial Sub-Servicer, and
the Trustee, the Operating Advisor and the Certificate Administrator shall notify the Depositor and each Mortgage Loan Seller as to the
name of each Servicing Function Participant utilized by it, in each case by providing an updated Exhibit GG, and each such
notice (except to a Mortgage Loan Seller) shall specify what specific Servicing Criteria will be addressed in the report on assessment
of compliance prepared by such Servicing Function Participant. When the Master Servicer, the Special Servicer, the Trustee, the Certificate
Administrator and the Operating Advisor submit their assessments pursuant to Section 11.10(a), the Master Servicer, the Special
Servicer, the Trustee, the Certificate Administrator and the Operating Advisor, as applicable, shall also at such time include the assessment
(and related attestation pursuant to Section 11.11) of each Servicing Function Participant engaged by it.

In the event the Master Servicer,
the Special Servicer, the Trustee, the Operating Advisor, the Custodian or the Certificate Administrator is terminated or resigns pursuant
to the terms of this Agreement, such party shall provide, and each such party shall cause any Servicing Function Participant engaged by
it to provide (and each of the Master Servicer and the Special Servicer shall (i) with respect to an Initial Sub-Servicer engaged
by such Master Servicer or Special Servicer that is an Additional Servicer that resigns or is terminated under any applicable servicing
agreement, use its reasonable efforts to cause such Additional Servicer and (ii) with respect to any other Additional Servicer that
resigns or is terminated under any applicable servicing agreement, cause such Additional Servicer to provide) an annual assessment of
compliance pursuant to this Section 11.10, coupled with an attestation as required in Section 11.11 with respect
to the period of time that the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor, the Custodian or the Certificate
Administrator was subject to this Agreement or the period of time that the Additional Servicer was subject to such other servicing agreement.

(d)                                  The Operating Advisor may at any time request from the Certificate Administrator confirmation of whether a Control Termination
Event or Consultation Termination Event occurred during the previous calendar year, and upon such request the Certificate

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Administrator shall deliver such confirmation
to the Operating Advisor within ten (10) days of such request.

Section 11.11             Annual Independent Public Accountants’ Attestation Report. On or before March 1st of each year commencing
in March 2023, the Master Servicer, the Special Servicer, the Trustee, the Custodian, the Operating Advisor and the Certificate Administrator,
each at its own expense, shall cause (and each such party shall (i) with respect to each Initial Sub-Servicer engaged by such
Master Servicer, Special Servicer, Trustee, Operating Advisor or Certificate Administrator that is a Servicing Function Participant use
commercially reasonable efforts to cause such Servicing Function Participant to cause and (ii) with respect to each other Servicing
Function Participant with which it has entered into a servicing relationship with respect to the Mortgage Loans, cause such Servicing
Function Participant to cause) a registered public accounting firm (which may also render other services to the Master Servicer, the Special
Servicer, the Trustee, the Certificate Administrator, the Custodian, the Operating Advisor or the applicable Servicing Function Participant,
as the case may be) and that is a member of the American Institute of Certified Public Accountants to furnish a report to the Trustee,
the Certificate Administrator (who will promptly post such report on the Certificate Administrator’s Website pursuant to Section 3.13(b))
and the Depositor, the 17g-5 Information Provider and, prior to the occurrence of a Consultation Termination Event, the Directing
Certificateholder, and, promptly, but not earlier than the second Business Day following the delivery of such report to the 17g-5
Information Provider, to the Rating Agencies, to the effect that (i) it has obtained a representation regarding certain matters from
the management of such Reporting Servicer, which includes an assertion that such Reporting Servicer has complied with the Relevant Servicing
Criteria applicable to it and (ii) on the basis of an examination conducted by such firm in accordance with standards for attestation
engagements issued or adopted by the PCAOB, it is issuing an opinion as to whether such Reporting Servicer’s assessment of compliance
with the Relevant Servicing Criteria applicable to it was fairly stated in all material respects. In the event that an overall opinion
cannot be expressed, such registered public accounting firm shall state in such report why it was unable to express such an opinion. Each
such related accountant’s attestation report shall be made in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X
under the Securities Act and the Exchange Act. Such report must be available for general use and not contain restricted use language.
With respect to any Non-Serviced Companion Loan, the Certificate Administrator will use its reasonable efforts to procure such report
from the applicable Non-Serviced Master Servicer, Non-Serviced Special Servicer and Non-Serviced Trustee. Copies of such statement
will be provided by the Certificate Administrator in accordance with Section 3.13(b). Such report shall be provided in EDGAR-Compatible
Format, or in such other format agreed upon by the Depositor, the Certificate Administrator and the providing parties.

Promptly after receipt of
such report from the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Custodian
or any Servicing Function Participant, (i) the Depositor may review the report and, if applicable, consult with the Master Servicer,
the Special Servicer, the Trustee, the Operating Advisor, the Custodian or the Certificate Administrator as to the nature of any defaults
by the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor, the Custodian, the Certificate Administrator or any
Servicing Function Participant with which it has entered into a servicing relationship with respect to the Mortgage Loans, as the case
may be, in the fulfillment of any of the Master Servicer’s, the Special Servicer’s, the Trustee’s, the Certificate Administrator’s,
the Operating Advisor’s, the

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Custodian’s or the applicable Servicing
Function Participants’ obligations hereunder or under the applicable sub servicing or primary servicing agreement, and (ii) the
Certificate Administrator shall confirm that each accountants’ attestation report submitted pursuant to this Section 11.11
relates to an assessment of compliance meeting the requirements of Section 11.10 and notify the Depositor of any exceptions.
None of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Custodian nor
any Additional Servicer shall be required to deliver, or shall be required to cause the delivery of such reports until April 15th
in any given year so long as it has received written confirmation from the Depositor that a Form 10-K is not required to be filed
with respect to the Trust for the preceding fiscal year.

Section 11.12             Indemnification. Each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian,
the Operating Advisor and the Asset Representations Reviewer shall indemnify and hold harmless each Certification Party from and against
any claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments and other costs and expenses
incurred by such Certification Party arising out of (i) an actual breach by the Master Servicer, the Special Servicer, the Trustee,
the Operating Advisor, the Asset Representations Reviewer, the Custodian or the Certificate Administrator, as the case may be, of its
obligations under this Article XI, (ii) negligence, bad faith or willful misconduct on the part of the Master Servicer,
the Special Servicer, the Trustee, the Operating Advisor, the Asset Representations Reviewer, the Custodian or the Certificate Administrator
in the performance of such obligations, or (iii) delivery of any Deficient Exchange Act Deliverable.

The Master Servicer, the
Special Servicer, the Trustee, the Operating Advisor and the Certificate Administrator shall (i) with respect to any Initial Sub-Servicer
engaged by the Master Servicer, Special Servicer, Trustee or Certificate Administrator that is a Servicing Function Participant or Additional
Servicer, use commercially reasonable efforts to cause such party to, and (ii) with respect to each other Additional Servicer and
each Servicing Function Participant with which, in each case, it has entered into a servicing relationship with respect to the Mortgage
Loans, cause such party to, in each case, indemnify and hold harmless each Certification Party from and against any and all claims, losses,
damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments and any other costs, fees and expenses incurred
by such Certification Party arising out of (a) a breach of its obligations to provide any of the annual compliance statements or
annual assessment of compliance with the Servicing Criteria or attestation reports pursuant to the applicable sub-servicing or primary
servicing agreement, (b) negligence, bad faith or willful misconduct on its part in the performance of such obligations, (c) any
failure by it, as a Servicer (as defined in Section 11.02(b)) to identify a Servicing Function Participant pursuant to Section 11.02(b),
or (d) delivery of any Deficient Exchange Act Deliverable.

In addition, each of the
Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian, the Certificate Administrator
and the Trustee shall cooperate (and require each Servicing Function Participant and Additional Servicer retained by it to cooperate under
the applicable Sub-Servicing Agreement) with the Depositor and each Other Depositor as necessary for the Depositor or such Other Depositor,
as applicable, to conduct any reasonable due diligence necessary to evaluate and assess any material instances of non-compliance disclosed
in any of the deliverables required by the applicable reporting requirements under the Securities Act, the Exchange Act, the Sarbanes-Oxley
Act and the rules and regulations promulgated thereunder (“Reporting Requirements”).

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In connection with comments provided to the
Depositor or any Other Depositor from the Commission or its staff regarding information (x) delivered by the Master Servicer, the
Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian, the Certificate Administrator, the Trustee,
a Servicing Function Participant or an Additional Servicer, as applicable (“Affected Reporting Party”), (y) regarding
such Affected Reporting Party, and (z) prepared by such Affected Reporting Party or any registered public accounting firm, attorney or
other agent retained by such Affected Reporting Party to prepare such information, which information is contained in a report filed by
the Depositor or any Other Depositor under the Reporting Requirements and which comments are received subsequent to the Depositor’s
or any Other Depositor’s filing of such report, the Depositor or any Other Depositor shall promptly provide to such Affected Reporting
Party any such comments which relate to such Affected Reporting Party. Such Affected Reporting Party shall be responsible for timely preparing
a written response to the Commission or its staff for inclusion in the Depositor’s or any Other Depositor’s response to the
Commission or its staff, unless such Affected Reporting Party elects, with the consent of the Depositor or any Other Depositor, as applicable
(which consent shall not be unreasonably denied, withheld or delayed), to directly communicate with the Commission or its staff and negotiate
a response and/or resolution with the Commission or its staff; provided, however, that if an Affected Reporting Party is
a Servicing Function Participant or Additional Servicer retained by the Master Servicer, the Master Servicer shall receive copies of all
material communications pursuant to this Section 11.12. If such election is made, the applicable Affected Reporting Party
shall be responsible for directly negotiating such response and/or resolution with the Commission or its staff in a timely manner; provided
that (i) such Affected Reporting Party shall use reasonable efforts to keep the Depositor or any Other Depositor informed of its
progress with the Commission or its staff and copy the Depositor or any Other Depositor on all correspondence with the Commission or its
staff and provide the Depositor or any Other Depositor with the opportunity to participate (at the Depositor’s or any Other Depositor’s
expense) in any telephone conferences and meetings with the Commission or its staff and (ii) the Depositor or any Other Depositor
shall cooperate with any Affected Reporting Party in order to authorize such Affected Reporting Party and its representatives to respond
to and negotiate directly with the Commission or its staff with respect to any comments from the Commission or its staff relating to such
Affected Reporting Party and to notify the Commission or its staff of such authorization. The Depositor (or any Other Depositor) and the
Affected Reporting Party shall cooperate and coordinate with one another with respect to any requests made to the Commission or its staff
for extension of time for submitting a response or compliance. All respective reasonable out-of-pocket costs and expenses incurred
by the Depositor or any Other Depositor (including reasonable legal fees and expenses of outside counsel to the Depositor or any Other
Depositor, as the case may be) in connection with the foregoing (other than those costs and expenses required to be at the Depositor’s
or any Other Depositor’s expense as set forth above) and any amendments to any reports filed with the Commission or its staff related
thereto shall be promptly paid by the applicable Affected Reporting Party upon receipt of an itemized invoice from the Depositor or any
Other Depositor, as the case may be. Each of the Master Servicer, the Special Servicer, the Operating Advisor, the Custodian, the Certificate
Administrator and the Trustee shall (i) with respect to any Initial Sub-Servicer engaged by it that is a Servicing Function Participant
or Additional Servicer, use commercially reasonable efforts to cause such party to, and (ii) with respect to each other Additional
Servicer and each Servicing Function Participant with which, in each case, it has entered into a servicing relationship with respect to
the Mortgage Loans, cause

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such party to, comply with the foregoing by
inclusion of similar provisions in the related sub-servicing or similar agreement.

If the indemnification provided
for herein is unavailable or insufficient to hold harmless any Certification Party, then the Master Servicer, the Special Servicer, the
Trustee, the Certificate Administrator, the Custodian or the Operating Advisor (the “Performing Party”) shall contribute
to the amount paid or payable to the Certification Party as a result of the losses, claims, damages or liabilities of the Certification
Party in such proportion as is appropriate to reflect the relative fault of the Certification Party on the one hand and the Performing
Party on the other in connection with a breach of the Performing Party’s obligations pursuant to Sections 11.06, 11.09
(if applicable), 11.10, 11.11 (or breach of its obligations under the applicable sub-servicing or primary servicing
agreement to provide any of the annual compliance statements or annual servicing criteria compliance reports or attestation reports) or
the Performing Party’s negligence, bad faith or willful misconduct in connection therewith. The Master Servicer, the Special Servicer,
the Trustee, the Operating Advisor and the Certificate Administrator shall (i) with respect to any Initial Sub-Servicer engaged
by the Master Servicer, Special Servicer, Trustee or Certificate Administrator that is a Servicing Function Participant or Additional
Servicer, use commercially reasonable efforts to cause such party to, and (ii) with respect to each other Additional Servicer or
Servicing Function Participant, in each case, with which it has entered into a servicing relationship with respect to the Mortgage Loans
cause such party, in each case, to agree to the foregoing indemnification and contribution obligations. This Section 11.12
shall survive the termination of this Agreement or the earlier resignation or removal of the Master Servicer, the Special Servicer, the
Trustee, the Operating Advisor, the Custodian or the Certificate Administrator.

Section 11.13             Amendments. This Article XI may be amended with the written consent of the parties hereto pursuant to Section 13.01
for purposes of complying with Regulation AB and/or to conform to standards developed within the commercial mortgage-backed securities
market and the Sarbanes-Oxley Act without any Opinions of Counsel, Officer’s Certificates, Rating Agency Confirmation with respect
to the Certificates or, with respect to any Serviced Companion Loan Securities, a confirmation of the rating agencies that such action
will not result in the downgrade, withdrawal or qualification of its then-current ratings (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25), or the consent of any Certificateholder, notwithstanding anything to the contrary contained in
this Agreement; provided that the reports and certificates required to be prepared pursuant to Sections 3.13, 11.09,
11.10 and 11.11 shall not be eliminated without Rating Agency Confirmation with respect to the Certificates or, with respect
to any Serviced Companion Loan Securities, without a confirmation of the rating agencies that such action will not result in the downgrade,
withdrawal or qualification of its then-current ratings (provided that such rating agency confirmation may be considered satisfied
in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25).

Section 11.14             Regulation AB Notices. Any notice, report or certificate required to be delivered by any of the Master Servicer, the
Special Servicer, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the Custodian or the Trustee,
as the case may be, to the Depositor pursuant to this Article XI may be delivered via email (and additionally delivered via
phone or telecopy), notwithstanding the provisions of Section 13.05, to J.P. Morgan

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Chase Commercial Mortgage Securities Corp.,
383 Madison Avenue, 8th Floor, New York, New York 10179, Attention: Kunal K. Singh, email: US_CMBS_Notice@jpmorgan.com, with a copy to
J.P. Morgan Chase Commercial Mortgage Securities Corp., 4 New York Plaza, Floor 21, New York, NY 10004-2413, Attention: SPG Legal, email:
US_CMBS_Notice@jpmorgan.com.

Section 11.15             Certain Matters Relating to the Future Securitization of the Serviced Pari Passu Companion Loans. (a) Each of the Trustee,
the Certificate Administrator, the Master Servicer and the Special Servicer shall, and the Master Servicer and the Special Servicer shall
use commercially reasonable efforts to cause any sub-servicer appointed with respect to any Serviced Pari Passu Companion Loan to, upon
written request or notice from a Mortgage Loan Seller (or a permitted transferee of such Mortgage Loan Seller pursuant to the related
Intercreditor Agreement), reasonably cooperate with the Mortgage Loan Seller (or such permitted transferee) selling any Serviced Pari
Passu Companion Loan into a securitization that is required to comply with Regulation AB (a “Regulation AB Companion Loan Securitization”)
and, to the extent needed in order to comply with Regulation AB, provide to the Mortgage Loan Seller (or such permitted transferee) information
about itself that such Mortgage Loan Seller reasonably requires to meet the requirements of Items 1117 and 1119 and paragraphs (b), (c)(3),
(c)(4) and (c)(5) of Item 1108 of Regulation AB and shall reasonably cooperate with such Mortgage Loan Seller to provide such other information
as may be reasonably necessary to comply with the requirements of Regulation AB. Each of the Trustee, the Certificate Administrator, the
Master Servicer and the Special Servicer understands that such information may be included in the offering material related to a Regulation
AB Companion Loan Securitization and agrees to negotiate in good faith an agreement (subject to the final sentence of this sub-section)
to indemnify and hold the related depositor and underwriters involved in the offering of the related Certificates harmless for any costs,
liabilities, fees and expenses incurred by the depositor or such underwriters as a result of any material misstatements or omissions or
alleged material misstatements or omissions in any such offering material to the extent that such material misstatement or omission was
made in reliance upon any such information provided by the Trustee (where such information pertains to the Trustee individually and not
to any specific aspect of the Trustee’s duties or obligations under this Agreement), the Certificate Administrator (where such information
pertains to the Certificate Administrator individually and not to any specific aspect of the Certificate Administrator’s duties
or obligations under this Agreement), the Master Servicer (where such information pertains to the Master Servicer individually and not
to any specific aspect of the Master Servicer’s duties or obligations under this Agreement) and the Special Servicer (where such
information pertains to the Special Servicer individually and not to any specific aspect of the Special Servicer’s duties or obligations
under this Agreement), as applicable, to such depositor, underwriters or Mortgage Loan Seller (or permitted transferee) as required by
this clause (a) (to the extent the cost thereof is paid by the related Mortgage Loan Seller). Notwithstanding the foregoing, to the
extent that the information provided by the Trustee, the Certificate Administrator the Master Servicer or the Special Servicer, as applicable,
for inclusion in the offering materials related to such Regulation AB Companion Loan Securitization is substantially and materially similar
to the information provided by such party with respect to the offering materials related to this transaction, subject to any required
changes due to any amendments to Regulation AB or any changes in the interpretation of Regulation AB, such party shall be deemed to be
in compliance with this Section 11.15(a). Any indemnification agreement executed by the Trustee, the Certificate Administrator
the Master Servicer or Special Servicer in connection with the Regulation AB Companion Loan Securitization shall be substantially similar
to the related indemnification agreement executed in connection with

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this Agreement. It shall be a condition precedent
to any party’s obligations otherwise set forth above and/or elsewhere in Article XI that the applicable Mortgage Loan
Seller (or permitted transferee) shall have (a) provided reasonable advance notice (and, in any event, not less than ten (10) Business
Days) of the exercise of its rights hereunder and (b) paid, or entered into reasonable agreement to cause to be paid, the reasonable
out-of-pocket expenses (including reasonable fees and expenses of counsel) incurred by such party in reviewing and/or causing the delivery
of any disclosure, opinion of counsel or indemnification agreement.

(b)                                  Each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall, and the Master Servicer
and the Special Servicer shall use commercially reasonable efforts to cause any Servicing Function Participant appointed with respect
to a Serviced Securitized Companion Loan to, upon request or notice from such parties (which request or notice may be given once at the
closing of such Regulation AB Companion Loan Securitization instead of each time a filing is required), cooperate with the depositor,
trustee, certificate administrator, master servicer or special servicer for any Regulation AB Companion Loan Securitization in preparing
each Form 10-D, Form ABS-EE and Form 10-K required to be filed by such Regulation AB Companion Loan Securitization (until January 30 of
the first year in which the trustee or other applicable party for such Regulation AB Companion Loan Securitization files a Form 15 Suspension
Notification with respect to the related trust) and shall provide to such depositor, trustee, certificate administrator or master servicer
within the time period set forth in the Other Pooling and Servicing Agreement (so long as such time period is no earlier than the time
periods set forth herein) for such Regulation AB Companion Loan Securitization such information relating to a Serviced Securitized Companion
Loan as may be reasonably necessary for the depositor, trustee, certificate administrator and master servicer of the Regulation AB Companion
Loan Securitization to comply with the reporting requirements of Regulation AB and the Exchange Act; provided, however,
that any parties to any Regulation AB Companion Loan Securitization shall consult with the Trustee, the Certificate Administrator, the
Master Servicer and the Special Servicer (and Master Servicer shall consult with any sub-servicer appointed with respect to the related
Serviced Whole Loan), and the Trustee, the Certificate Administrator, such Master Servicer and the Special Servicer shall cooperate with
such parties in respect of establishing the time periods for preparation of the Form 10-D and Form ABS-EE reports in the documentation
for such Regulation AB Companion Loan Securitization. Notwithstanding the foregoing, to the extent the Trustee, the Certificate Administrator,
the Master Servicer or the Special Servicer, as the case may be, complies in all material respects with the timing, reporting and attestation
requirements imposed on such party in Article XI of this Agreement (other than this Section 11.15) with respect
to the comparable timing, reporting and attestation requirements contemplated in this Section 11.15(b) with respect to such
Regulation AB Companion Loan Securitization, such party shall be deemed to be in compliance with the provisions of this Section 11.15(b).

(c)                                   Each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall, and the Master Servicer
and the Special Servicer shall use commercially reasonable efforts to cause any Servicing Function Participant appointed with respect
to a Serviced Securitized Companion Loan to, upon request or notice from such trustee or certificate administrator (which request or notice
may be given once at the closing of such Regulation AB Companion Loan Securitization instead of each time a filing is required), provide
the trustee or certificate administrator, as applicable, under a Regulation AB Companion Loan Securitization (until January 30 of the
first year in which the trustee or certificate administrator, as applicable,

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for such Regulation AB Companion Loan Securitization
files a Form 15 Suspension Notification with respect to the related trust) information with respect to any event that is required to be
disclosed under Form 8-K with respect to a Serviced Securitized Companion Loan within two Business Days after the occurrence of such event
of which it has knowledge. Notwithstanding the foregoing, to the extent the Trustee, the Certificate Administrator, the Master Servicer
or the Special Servicer, as the case may be, complies in all material respects with the timing, reporting and attestation requirements
imposed on such party in Article XI of this Agreement (other than this Section 11.15) with respect to the comparable
timing, reporting and attestation requirements contemplated in this Section 11.15(c) with respect to such Regulation AB Companion
Loan Securitization, such party shall be deemed to be in compliance with the provisions of this Section 11.15(c).

(d)                                  On or before March 1st of each year commencing in March 2023 during which a Regulation AB Companion Loan Securitization is
required to file an annual report on Form 10-K (and not in respect of any year in which Regulation AB Companion Loan Securitization is
not required to file an annual report on Form 10-K because a Form 15 Suspension Notification with respect to the related trust was filed),
each of the Trustee, the Master Servicer and the Special Servicer shall, and the Master Servicer and the Special Servicer shall use commercially
reasonable efforts to cause any Servicing Function Participant appointed with respect to a Serviced Securitized Companion Loan to, upon
request or notice from such trustee or certificate administrator (which request or notice may be given once at the closing of such Regulation
AB Companion Loan Securitization instead of each time a filing is required), provide, with respect to itself, to the trustee or certificate
administrator, as applicable, under such Regulation AB Companion Loan Securitization, to the extent required pursuant to Item 1122 of
Regulation AB, (i) a report on an assessment of compliance with the Servicing Criteria to the extent required pursuant to Item 1122(a)
of Regulation AB, (ii) a registered accounting firm’s attestation report on such Person’s assessment of compliance with
the applicable servicing criteria to the extent required pursuant to Item 1122(b) of Regulation AB and (iii) such other information
as may be required pursuant to Item 1122(c) of Regulation AB. Notwithstanding the foregoing, to the extent the Master Servicer or the
Special Servicer, as the case may be, complies in all material respects with the timing, reporting and attestation requirements imposed
on such party in Article XI of this Agreement (other than this Section 11.15) with respect to the comparable timing,
reporting and attestation requirements contemplated in this Section 11.15(d) with respect to such Regulation AB Companion
Loan Securitization, such party shall be deemed to be in compliance with the provisions of this Section 11.15(d).

(e)                                   On or before March 1st of each year commencing in March 2023 during which a Regulation AB Companion Loan Securitization is
required to file an annual report on Form 10-K (and not in respect of any year in which Regulation AB Companion Loan Securitization is
not required to file an annual report on Form 10-K because a Form 15 Suspension Notification with respect to the related trust was filed),
each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall, and the Master Servicer and the
Special Servicer shall use commercially reasonable efforts to cause any Servicing Function Participant appointed with respect to a Serviced
Securitized Companion Loan to, to the extent required pursuant to Item 1123 of Regulation AB, deliver, with respect to itself, to the
trustee or certificate administrator under the such Regulation AB Companion Loan Securitization, upon request or notice from such trustee
(which request or notice may be given once at the closing of such Regulation AB

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Companion Loan Securitization instead of each
time a filing is required), under such Regulation AB Companion Loan Securitization a servicer compliance statement signed by an authorized
officer of such Person that satisfies the requirements of Item 1123 of Regulation AB. Notwithstanding the foregoing, to the extent the
Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer, as the case may be, complies in all material respects
with the timing, reporting and attestation requirements imposed on such party in Article XI of this Agreement (other than
this Section 11.15) with respect to the comparable timing, reporting and attestation requirements contemplated in this Section 11.15(e)
with respect to such Regulation AB Companion Loan Securitization, such party shall be deemed to be in compliance with the provisions of
this Section 11.15(e).

(f)                                     Each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall use commercially reasonable
efforts to cause a Servicing Function Participant to agree (severally but not jointly) to indemnify (such indemnity limited to each such
parties respective failure described below) and hold the related Mortgage Loan Seller (or permitted transferee), depositor, sponsor(s),
trustee, certificate administrator or master servicer under a Regulation AB Companion Loan Securitization harmless for any costs, liabilities,
fees and expenses incurred by such Mortgage Loan Seller, depositor, sponsor(s), trustee, certificate administrator or master servicer
as a result of any failure by the Servicing Function Participant to comply with the reporting requirements to the extent applicable set
forth under Sections 11.15(b), (c), (d) or (e) above.

Any subservicing agreement
related to a Serviced Securitized Companion Loan shall contain a provision requiring the related Sub-Servicer to provide to the Master
Servicer or Special Servicer, as applicable, information, reports, statements and certificates with respect to itself and such Serviced
Securitized Companion Loan comparable to any information, reports, statements or certificates required to be provided by the Master Servicer
or Special Servicer pursuant to this Section 11.15, even if such Sub-Servicer is not otherwise required to provide such information,
reports or certificates to any Person in order to comply with Regulation AB. Such information, reports or certificates shall be provided
to the Master Servicer or Special Servicer, as applicable, no later than two Business Days prior to the date on which the Master Servicer
or Special Servicer, as applicable, is required to deliver its comparable information, reports, statements or certificates pursuant to
this Section 11.15.

(g)                                  With respect to any Mortgaged Property that secures a Serviced Companion Loan that the applicable Other Depositor has notified
the Master Servicer and the Special Servicer in writing is a “significant obligor” (within the meaning of Item 1101(k) of
Regulation AB) (together with notification of the Relevant Distribution Date) with respect to an Other Securitization that includes such
Serviced Companion Loan, to the extent that the Master Servicer or the Special Servicer is in receipt of the updated financial statements
of such “significant obligor” for any calendar quarter (other than the fourth calendar quarter of any calendar year) from
the Mortgagor, beginning with the first calendar quarter following receipt of such notice from the Other Depositor, or the updated financial
statements of such “significant obligor” for any calendar year from the related Mortgagor, beginning for the calendar year
following such notice from the Other Depositor, as applicable, the Master Servicer or the Special Servicer shall deliver to the Other
Depositor, on or prior to the day that occurs two (2) Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline
or seven (7) Business Days prior to the related

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Significant Obligor NOI Yearly Filing Deadline,
as applicable, (A) if such financial statement receipt occurs twelve (12) or more Business Days prior to the related Significant
Obligor NOI Quarterly Filing Deadline or seventeen (17) or more Business Days prior to the related Significant Obligor NOI Yearly Filing
Deadline, as applicable, such financial statements of the “significant obligor”, together with the net operating income of
such “significant obligor” for the applicable period as calculated by the Master Servicer or the Special Servicer, as applicable,
in accordance with CREFC® guidelines and (B) if such financial statement receipt occurs less than twelve (12) Business
Day prior to the related Significant Obligor NOI Quarterly Filing Deadline or less than seventeen (17) Business Days prior to the related
Significant Obligor NOI Yearly Filing Deadline, as applicable, such financial statements of the “significant obligor”, together
with the net operating income of such “significant obligor” for the applicable period as reported by the related Mortgagor
in such financial statements.

If the Master Servicer or
Special Servicer, as applicable, does not receive financial information satisfactory to comply with Item 6 of Form 10-D or Item 1112(b)(1)
of Form 10-K, as the case may be, of such “significant obligor” within ten (10) Business Days after the date such financial
information is required to be delivered under the related Mortgage Loan documents, the Master Servicer or Special Servicer, as applicable,
shall notify the Other Depositor with respect to such Other Securitization that includes the related Companion Loan (and shall cause each
applicable Sub-Servicing Agreement to require any related Sub-Servicer to notify such Other Depositor) that it has not received such financial
information.  The Master Servicer or Special Servicer, as applicable, shall use efforts consistent with the Servicing Standard (taking
into account, in addition, the ongoing reporting obligations of such Other Depositor under the Exchange Act) to obtain the periodic financial
statements of the related Mortgagor under the related Mortgage Loan documents.

The Master Servicer or Special
Servicer, as applicable, shall (and shall cause any related Sub-Servicing Agreement entered into after receipt of written notice from
the Other Depositor that such Serviced Pari Passu Companion Loan is a significant obligor to require the related Sub-Servicer to) retain
written evidence of each instance in which it (or a Sub-Servicer) attempts to contact the related Mortgagor related to any such “significant
obligor” (identified to it as such by the Other Depositor in accordance with the second preceding paragraph) to obtain the required
financial information and is unsuccessful and, within five (5) Business Days prior to the date in which a Form 10-D or Form 10-K, as applicable,
is required to be filed by the Other Securitization, shall forward an Officer’s Certificate evidencing its attempts to obtain this
information to the certificate administrator and Other Depositor related to such Other Securitization. This Officer’s Certificate
should be addressed to the certificate administrator at its corporate trust office, as specified in the related Other Pooling and Servicing
Agreement.

Section 11.16             Certain Matters Regarding Significant Obligors. For the avoidance of doubt, there is no “significant obligor”
(within the meaning of Item 1101(k) of Regulation AB) as of the Closing Date (“Significant Obligor”) related to the Trust.

Section 11.17             Impact of Cure Period. For the avoidance of doubt, neither the Master Servicer nor the Special Servicer shall be subject
to a Servicer Termination Event pursuant to clause (iii) of the definition thereof prior to the expiration of the grace period
applicable to such party’s obligations under Article XI as provided for in such clause (iii) nor shall any
such party be

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deemed to not be in compliance under this Agreement,
during any grace period provided for in this Article XI; provided that if any such party fails to comply with the delivery
requirements of this Article XI by the expiration of any applicable grace period such failure shall constitute a Servicer
Termination Event. Neither the Master Servicer nor the Special Servicer shall be subject to a Servicer Termination Event pursuant to clause (iii)
of the definition thereof prior to the expiration of the grace period applicable to such party’s obligations under this Article XI
as provided for in such clause (iii) nor shall any such party be deemed to not be in compliance under this Agreement, for
failing to deliver any item required under this Article XI by the time required hereunder with respect to any reporting period
for which the Trust (or any trust in a related Other Securitization) is not required to file Exchange Act reports.

[End of Article XI]

Article XII

THE ASSET REPRESENTATIONS REVIEWER

Section 12.01             Asset Review. (a) On or prior to each Distribution Date, based on either the CREFC® Delinquent Loan
Status Report or the CREFC® Loan Periodic Update File, the Certificate Administrator shall determine if an Asset Review
Trigger has occurred. If an Asset Review Trigger is determined to have occurred, the Certificate Administrator shall promptly provide
notice to all Certificateholders, the RR Interest Owners and each other party to this Agreement. Any notice required to be delivered to
the Certificateholders and the RR Interest Owners pursuant to this Article XII shall be delivered by the Certificate Administrator
by posting such notice on the Certificate Administrator’s Website, by mailing such notice to the Certificateholders’ addresses
appearing in the Certificate Register in the case of Definitive Certificates and by delivering such notice via the Depository in the case
of Book-Entry Certificates and by mailing such notice to the RR Interest Owner’s address. The Certificate Administrator shall include
in the Form 10-D relating to the reporting period in which the Asset Review Trigger occurred the following statement describing the events
that caused the Asset Review Trigger to occur: “As of the [Date of Distribution], the following Mortgage Loans identified below
are 60 or more days delinquent and an Asset Review Trigger as defined in the Pooling and Servicing Agreement has occurred”. On each
Distribution Date occurring after providing such notice to Certificateholders and the RR Interest Owners, the Certificate Administrator,
based on information provided to it by the Master Servicer, shall determine whether (1) any additional Mortgage Loan has become a
Delinquent Loan, (2) any Mortgage Loan has ceased to be a Delinquent Loan and (3) whether an Asset Review Trigger has ceased
to exist, and, if there is an occurrence of any of the events or circumstances identified in clauses (1), (2) and/or (3),
deliver written notice of such information (which may be via email) substantially in the form attached hereto as Exhibit SS
within two (2) Business Days to the Master Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer.

If Certificateholders evidencing
not less than 5% of the aggregate Voting Rights of the Certificates deliver to the Certificate Administrator, within ninety (90) days
after the filing of the Form 10-D reporting the occurrence of an Asset Review Trigger, a written direction requesting a vote to commence
an Asset Review (such written direction, the “Asset Review Vote Election”), then upon receipt of the Asset Review Vote
Election, the Certificate Administrator shall promptly

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provide written notice thereof to all Certificateholders
and the RR Interest Owners, the Asset Representations Reviewer and conduct a solicitation of votes in accordance with Section 5.10
to authorize an Asset Review. Upon the affirmative vote to authorize an Asset Review of Holders of Certificates evidencing at least a
majority of an Asset Review Quorum within 150 days of receipt of the Asset Review Vote Election (an “Affirmative Asset Review
Vote”), the Certificate Administrator shall promptly provide written notice thereof to all parties to this Agreement, the Underwriters,
the Mortgage Loan Sellers, the Directing Certificateholder, the Risk Retention Consultation Parties, the RR Interest Owners and the Certificateholders
(the “Asset Review Notice”). Upon receipt of an Asset Review Notice, the Asset Representations Reviewer shall request
access to the Secure Data Room by providing the Certificate Administrator with a certification substantially in the form attached hereto
as Exhibit RR (which shall be sent via email to trustadministrationgroup@wellsfargo.com or submitted electronically via the
Certificate Administrator’s Website). Upon receipt of such certification, the Certificate Administrator shall promptly grant the
Asset Representations Reviewer access to the Secure Data Room. In the event an Affirmative Asset Review Vote has not occurred within such
150-day period following the receipt of the Asset Review Vote Election, no Certificateholder may request a vote or cast a vote for an
Asset Review and the Asset Representations Reviewer shall not be required to review any Delinquent Loan unless and until (A) an additional
Mortgage Loan has become a Delinquent Loan after the expiration of such 150-day period, (B) an Asset Review Trigger has occurred
as a result or otherwise is in effect, (C) the Certificate Administrator has received any Asset Review Vote Election after the occurrence
of the events described in clauses (A) and (B) in this sentence and (D) an Affirmative Asset Review Vote has occurred
within 150 days after the Asset Review Vote Election described in clause (C) in this sentence. After the occurrence of any
Asset Review Vote Election or an Affirmative Asset Review Vote, no Certificateholder may make any additional Asset Review Vote Election
except as described in the immediately preceding sentence. Any reasonable out-of-pocket expenses incurred by the Certificate Administrator
in connection with administering such vote will be paid as an expense of the Trust from the Collection Account. The Certificate Administrator
shall be entitled to administer any vote in connection with the foregoing through an agent.

(b)                                  (i) Upon receipt of an Asset Review Notice, the Custodian (with respect to the following clauses (1) - (5) for
all Mortgage Loans), the Master Servicer (with respect to the following clauses (6) and (7) for Non-Specially Serviced Loans)
and the Special Servicer (with respect to the following clauses (6) and (7) for Specially Serviced Loans), in each case
to the extent in such party’s possession, shall promptly, but in no event later than ten (10) Business Days (except with respect
to the following clause (7)) after receipt of such notice from the Certificate Administrator, provide or make available, the
following materials (in secure electronic format) to the Asset Representations Reviewer (collectively, with the Diligence Files, a copy
of the Prospectus, a copy of each related Mortgage Loan Purchase Agreement and a copy of this Agreement, the “Review Materials”):

(1)                     a
copy of an assignment of the Mortgage in favor of the Trustee, with evidence of recording thereon, for each Delinquent Loan that is subject
to an Asset Review;

(2)                     a
copy of an assignment of any related assignment of leases (if such item is a document separate from the Mortgage) in favor of the Trustee,
with

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evidence of recording thereon, related
to each Delinquent Loan that is subject to an Asset Review;

(3)                     a copy of the assignment of all unrecorded documents relating to each Delinquent Loan that is subject to an Asset Review, if not already
covered pursuant to items (1) or (2) above;

(4)                     a
copy of all filed copies (bearing evidence of filing) or evidence of filing of any UCC Financing Statements related to each Delinquent
Loan that is subject to an Asset Review;

(5)                     a
copy of an assignment in favor of the Trustee of any financing statement executed and filed in the relevant jurisdiction related to each
Delinquent Loan that is subject to an Asset Review;

(6)                     a
copy of any notice previously delivered by the Master Servicer or the Special Servicer, as applicable, of any alleged Defect or Breach
with respect to any Delinquent Loan; and

(7)                     any
other related documents that are reasonably requested by the Asset Representations Reviewer to be delivered by the Master Servicer or
the Special Servicer, as applicable, in the time frames and as otherwise described below.

(ii)                                   In the event that, as part of an Asset Review of any Mortgage Loan, the Asset Representations Reviewer determines that the Review
Materials provided to it with respect to any Mortgage Loan are missing any document delivered in connection with the origination of the
related Mortgage Loan that are necessary to review and assess one or more documents comprising the Diligence File in connection with its
completion of any Test, the Asset Representations Reviewer shall promptly, but in no event later than ten (10) Business Days after receipt
of the Review Materials, identified in clauses (1) through (6) above, notify the Master Servicer (with respect to Non-Specially Serviced
Loans) or the Special Servicer (with respect to Specially Serviced Loans), as applicable, of such missing documents, and the Master Servicer
or the Special Servicer, as applicable, shall promptly, but in no event later than ten (10) Business Days after receipt of such notification
from the Asset Representations Reviewer, deliver to the Asset Representations Reviewer such missing documents to the extent in its possession;
provided that any such notification and/or request shall be in writing, specifically identifying the documents being requested
and sent to the notice address for the related party set forth in Section 13.05 of this Agreement. In the event any missing
documents are not provided by the Master Servicer or Special Servicer, as applicable, within such 10-Business Day period, the Asset Representations
Reviewer shall request such documents from the related Mortgage Loan Seller; provided that the Special Servicer or the Master Servicer,
as applicable, shall, and the Mortgage Loan Seller shall be required under the related Mortgage Loan Purchase Agreement to, deliver such
additional documents only to the extent such documents are in the possession of such party.

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(iii)                                The Asset Representations Reviewer may, but is under no obligation to, consider and rely upon information furnished to it by a
Person that is not a party to this Agreement or the applicable Mortgage Loan Seller, and shall do so only if such information can be
independently verified (without unreasonable effort or expense to the Asset Representations Reviewer) and is determined by the Asset
Representations Reviewer in its good faith and sole discretion to be relevant to the Asset Review (any such information, “Unsolicited
Information”) conducted pursuant to this Section 12.01 hereof.

(iv)                               Upon receipt by the Asset Representations Reviewer of the Asset Review Notice and access to the Diligence Files posted to the Secure
Data Room with respect to a Delinquent Loan, the Asset Representations Reviewer, as an independent contractor, shall commence a review
of the compliance of each Delinquent Loan with the representations and warranties related to that Delinquent Loan (such review, the “Asset
Review”). The Asset Representations Reviewer shall perform an Asset Review with respect to each representation and warranty
made by the related Mortgage Loan Seller with respect to such Delinquent Loan in accordance with the Asset Review Standard and the procedures
set forth on Exhibit QQ hereto, as applicable (such procedure, a “Test”); provided, however, the Asset
Representations Reviewer may, but is under no obligation to, modify any Test and/or associated Review Materials described in Exhibit
QQ if, and only to the extent, the Asset Representations Reviewer determines pursuant to the Asset Review Standard that it is necessary
to modify such Test and/or such associated Review Materials in order to facilitate its Asset Review in accordance with the Asset Review
Standard. Once an Asset Review of a Mortgage Loan is completed, no further Asset Review shall be required in respect of, or performed
on, such Mortgage Loan notwithstanding that such Mortgage Loan may continue to be a Delinquent Loan or again become a Delinquent Loan
at a time when a new Asset Review Trigger occurs and a new Affirmative Asset Review Vote is obtained subsequent to the occurrence of such
new Asset Review Trigger.

(v)                                  The Asset Representations Reviewer shall not be required to review any information other than (x) the Review Materials or
(y) if applicable, Unsolicited Information.

(vi)                               The Asset Representations Reviewer may, absent manifest error and subject to the Asset Review Standard, (x) assume, without
independent investigation or verification, that the Review Materials are accurate and complete in all material respects and (y) conclusively
rely on such Review Materials.

(vii)                            The Asset Representations Reviewer shall prepare a preliminary report with respect to each Delinquent Loan within forty (40) Business
Days after the date on which access to the Secure Data Room is provided to the Asset Representations Reviewer by the Certificate Administrator;
provided that the Asset Representations Reviewer shall not be required to prepare a preliminary report in the event the Asset Representations
Reviewer determines that there is no Test failure with respect to the related Delinquent Loan. In the event that the Asset Representations
Reviewer determines that the Review Materials are insufficient to complete a Test and such missing documentation is not delivered to the
Asset Representations Reviewer by the Master Servicer (with respect to Non-Specially Serviced Loans) or the Special Servicer (with respect
to Specially Serviced Loans) to the

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extent in its possession or by the related
Mortgage Loan Seller within ten (10) Business Days following the request by the Asset Representations Reviewer as described in Section 12.01(b)(ii),
the Asset Representations Reviewer shall list such missing documents in such preliminary report setting forth the preliminary results
of the application of the Tests and the reasons why such missing documents are necessary to complete a Test and (if the Asset Representations
Reviewer has so concluded) that the absence of such documents shall be deemed to be a failure of such Test. The Asset Representations
Reviewer shall provide such preliminary report to the Master Servicer (with respect to Non-Specially Serviced Loans) or the Special Servicer
(with respect to Specially Serviced Loans), as applicable, and the related Mortgage Loan Seller. The Special Servicer, if applicable,
may review such preliminary report and determine whether any information contained in such preliminary report shall be labeled as “Privileged
Information” and thus be excluded from the Asset Review Report and Asset Review Report Summary, subject to Section 12.01(c).
If the preliminary report indicates that any of the representations and warranties fails or is deemed to fail any Test, the related Mortgage
Loan Seller shall have ninety (90) days (the “Cure/Contest Period”) to remedy or otherwise refute the failure. Any
documents provided or explanations given to support the Mortgage Loan Seller’s claim that the representation and warranty has not
failed a Test or that any missing documents in the Review Materials are not required to complete a Test shall be promptly delivered by
the related Mortgage Loan Seller to the Asset Representations Reviewer.

(viii)                         The Asset Representations Reviewer shall, within sixty (60) days after the date on which access to the Secure Data Room is provided
to the Asset Representations Reviewer by the Certificate Administrator or within the ten (10) days after the expiration of the Cure/Contest
Period (whichever is later), complete an Asset Review with respect to each Delinquent Loan and deliver (i) a report setting forth
the Asset Representations Reviewer’s findings and conclusions as to whether or not it has determined there is any evidence of a
failure of any Test based on the Asset Review and a statement that the Asset Representations Reviewer’s findings and conclusions
set forth in such report were not influenced by any third party (an “Asset Review Report”) to each party to this Agreement
and the related Mortgage Loan Seller for each Delinquent Loan and (ii) a summary of the Asset Representations Reviewer’s conclusions
included in such Asset Review Report (an “Asset Review Report Summary”) to the Trustee, the Master Servicer and the
Certificate Administrator. The period of time by which the Asset Review Report must be completed and delivered may be extended by up to
an additional thirty (30) days, upon written notice to the parties to this Agreement and the applicable Mortgage Loan Seller, if the Asset
Representations Reviewer determines pursuant to the Asset Review Standard that such additional time is required due to the characteristics
of the Mortgage Loan and/or the Mortgaged Property or Mortgaged Properties. In no event may the Asset Representations Reviewer determine
whether any Test failure constitutes a Material Defect, or whether the Trust should enforce any rights it may have against the applicable
Mortgage Loan Seller, which, in each case, shall be a responsibility of the Special Servicer or Master Servicer, as applicable, pursuant
to Section 2.03(f) of this Agreement.

(ix)                                 In addition, in the event that the Asset Representations Reviewer does not receive any documentation that it requested from the
Master Servicer or the Special Servicer, as applicable, or the related Mortgage Loan Seller in sufficient time to allow the

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Asset Representations Reviewer to complete
its Asset Review and deliver an Asset Review Report, the Asset Representations Reviewer shall prepare the Asset Review Report solely based
on the documentation received by the Asset Representations Reviewer with respect to the related Delinquent Loan, and the Asset Representations
Reviewer shall have no responsibility to independently obtain any such documentation from any party to this Agreement.

(x)                                    Within forty-five (45) days after receipt of an Asset Review Report with respect to any Mortgage Loan, the Master Servicer (with
respect to Non-Specially Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans) shall determine whether at
that time, based on the Servicing Standard, there exists a Material Defect with respect to such Mortgage Loan. If the Master Servicer
or the Special Servicer, as applicable, determines that a Material Defect exists, the Master Servicer or Special Servicer, as applicable,
shall enforce the obligations of the related Mortgage Loan Seller with respect to such Material Defect in accordance with Section 2.03(b).

(xi)                                 With respect to any Delinquent Loan, that is a Non-Serviced Mortgage Loan, to the extent any documents required by the Asset Representations
Reviewer to complete a Test are missing or have not been received from the related Mortgage Loan Seller, the Asset Representations Reviewer
will request such document(s) from the related Non-Serviced Master Servicer (if such Non-Serviced Mortgage Loan is being serviced by a
Non-Serviced Master Servicer) or the related Non-Serviced Special Servicer (if such Non-Serviced Mortgage Loan is being serviced by a
Non-Serviced Special Servicer).

(c)                                   The Asset Representations Reviewer shall keep all information appropriately labeled as “Privileged Information” confidential
and shall not disclose such Privileged Information to any Person (including Certificateholders or the RR Interest Owners), other than
(1) to the extent expressly required by this Agreement in an Asset Review Report or otherwise, to the other parties to this Agreement
with a notice indicating that such information is Privileged Information or (2) pursuant to a Privileged Information Exception. Each party
to this Agreement that receives Privileged Information from the Asset Representations Reviewer with a notice stating that such information
is Privileged Information shall not disclose such Privileged Information to any Person without the prior written consent of the Special
Servicer other than pursuant to a Privileged Information Exception. In addition, the Asset Representations Reviewer shall keep all documents
and information received by the Asset Representations Reviewer in connection with an Asset Review that are provided by the applicable
Mortgage Loan Seller, the Master Servicer and the Special Servicer confidential and shall not disclose such documents or information except
(i) for purposes of complying with its duties and obligations under this Agreement, (ii) if such documents or information become generally
available and known to the public other than as a result of a disclosure directly or indirectly by the Asset Representations Reviewer,
(iii) if it is reasonable and necessary for the Asset Representations Reviewer to disclose such documents or information in working with
legal counsel, auditors, taxing authorities or other governmental agencies, (iv) if such documents or information was already known to
the Asset Representations Reviewer and not otherwise subject to a confidentiality obligation and/or (v) if the Asset Representations Reviewer
is required by law, rule, regulation, order, judgment or decree to disclose such document or information.

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In addition, with respect
to any Delinquent Loan that is a Non-Serviced Mortgage Loan, to the extent any documents required by the Asset Representations Reviewer
to complete a Test are missing or have not been received from the related Mortgage Loan Seller, the Asset Representations Reviewer shall
request such document(s) from the related Non-Serviced Master Servicer (if such Non-Serviced Mortgage Loan is being serviced by a Non-Serviced
Master Servicer) or the related Non-Serviced Special Servicer (if such Non-Serviced Mortgage Loan is being serviced by a Non-Serviced
Special Servicer).

(d)                                  The Asset Representations Reviewer may delegate its duties to agents or subcontractors so long as the related agreements or arrangements
with such agents or subcontractors are consistent with the provisions of this Section 12.01; provided that no agent
or subcontractor may (1) be affiliated with any Mortgage Loan Seller, Master Servicer, Special Servicer, the Depositor, the Certificate
Administrator, the Trustee, the Directing Certificateholder or any of their respective Affiliates or (2) have been paid any fees,
compensation or other remuneration by an Underwriter, Master Servicer, Special Servicer, the Depositor, the Certificate Administrator,
the Trustee, the Directing Certificateholder or any of their respective Affiliates in connection with due diligence or other services
with respect to any Mortgage Loan prior to the Closing Date. Notwithstanding the foregoing sentence, the Asset Representations Reviewer
shall remain obligated and primarily liable for any Asset Review required hereunder in accordance with the provisions of this Agreement
without diminution of such obligation or liability or related obligation or liability by virtue of such delegation or arrangements or
by virtue of indemnification from any Person acting as its agents or subcontractor to the same extent and under the same terms and conditions
as if the Asset Representations Reviewer alone were performing its obligations under this Agreement. The Asset Representations Reviewer
shall be entitled to enter into an agreement with any agent or subcontractor providing for indemnification of the Asset Representations
Reviewer by such agent or subcontractor, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.

Section 12.02             Payment of Asset Representations Reviewer Asset Review Fees and Expenses; Limitation of Liability. (a) As compensation
for the performance of its routine duties, the Asset Representations Reviewer shall be paid a $5,000 setup fee and shall be paid a fee
(the “Asset Representations Reviewer Fee”), payable monthly from amounts received in respect of the Mortgage Loans
and shall be equal to the product of a rate equal to 0.00033% per annum (the “Asset Representations Reviewer Fee Rate”)
and the Stated Principal Balance of the Mortgage Loans and any REO Loans (including each Non-Serviced Mortgage Loan, but not any Companion
Loan) and shall be calculated in the same manner as interest is calculated on such Mortgage Loans.

(b)                                  Upon the completion of any Asset Review with respect to a Delinquent Loan, the Asset Representations Reviewer shall be entitled
to a fee (the “Asset Representations Reviewer Asset Review Fee”) that is equal the sum of: (i) $19,000 multiplied by
the number of the Mortgage Loans that are Delinquent Loans and subject to an Asset Review (the “Subject Loans”), plus
(ii) $1,900 per Mortgaged Property relating to the Subject Loans in excess of one Mortgaged Property per Subject Loan, plus (iii) $2,500
per Mortgaged Property relating to a Subject Loan subject to a ground lease, plus (iv) $1,400 per Mortgaged Property relating to a Subject
Loan subject to a franchise agreement, hotel management agreement or hotel license agreement, subject, in the case of each of clauses
(i) through (iv), to annual adjustments on the basis of the year-end Consumer Price Index for All Urban Consumers or, if the Consumer
Price

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Index for All Urban Consumers is no longer
calculated, another similar index for the year of the Closing Date and for the year in which the related Asset Review Notice is given.

(c)                                   The Asset Representations Reviewer Asset Review Fee with respect to each Delinquent Loan (or, in the case of a Joint Mortgage Loan,
the applicable Mortgage Loan Seller Percentage Interest thereof) shall be paid by the related Mortgage Loan Seller; provided that
if the total charge for the Asset Representations Reviewer on an hourly fee plus costs and expenses basis would exceed the Asset Representations
Reviewer Cap, each Mortgage Loan Seller’s required payment shall be reduced pro rata according to its proportion of the total
charges until the aggregate amount owed by all Mortgage Loan Sellers is equal to the Asset Representations Reviewer Cap; provided,
however, that if the related Mortgage Loan Seller is insolvent, such fee shall become an expense of the Trust following delivery
by the Asset Representations Reviewer of evidence reasonably satisfactory to the Master Servicer or the Special Servicer, as applicable,
of such insolvency to pay such amount; provided, further, however, that notwithstanding any payment of such fee by
the Trust to the Asset Representations Reviewer, such fee shall remain an obligation of the related Mortgage Loan Seller and the Master
Servicer or the Special Servicer, as applicable, shall be required, to the extent consistent with the Servicing Standard, to pursue remedies
against such Mortgage Loan Seller in accordance with the Servicing Standard in order to seek recovery of such amounts from such Mortgage
Loan Seller or its insolvency estate.

(d)                                  Notwithstanding
the foregoing, the Asset Representations Reviewer Asset Review Fee with respect to a Delinquent Loan shall be included in the Purchase
Price for any Mortgage Loan that was the subject of a completed Asset Review that is repurchased by a Mortgage Loan Seller to the extent
such fee was not already paid by the related Mortgage Loan Seller, and such portion of the Purchase Price received shall be used to reimburse
the Trust for such fees paid to the Asset Representations Reviewer pursuant to Section 12.02(c).

(e)                                   The Asset Representations Reviewer shall be liable in accordance herewith only to the extent of the obligations specifically imposed
by this Agreement.

(f)                                     The Asset Representations Reviewer may assign its rights and obligations under this Agreement in connection with the sale or transfer
of all or substantially all of its Asset Representations Reviewer portfolio, provided that: (i) the purchaser or transferee accepting
such assignment and delegation (A) is an Eligible Asset Representations Reviewer, organized and doing business under the laws of the United
States of America, any state of the United States of America or the District of Columbia, authorized under such laws to perform the duties
of the asset representations reviewer resulting from a merger, consolidation or succession that is permitted under this Agreement, (B)
executes and delivers to the Trustee and the Certificate Administrator an agreement that contains an assumption by such person of the
due and punctual performance and observance of each covenant and condition to be performed or observed by the asset representations reviewer
under this Agreement from and after the date of such agreement and (C) is not a Prohibited Party under this Agreement; (ii) the Asset
Representations Reviewer shall not be released from its obligations under this Agreement that arose prior to the effective date of such
assignment and delegation; (iii) the rate at which each of the Asset Representations Reviewer Fee and the Asset Representations Reviewer
Asset Review Fee (or any component thereof) is calculated shall not exceed the rate then in effect and (iv) the resigning Asset Representations
Reviewer shall be responsible for the reasonable costs and expenses of each other party to this

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Agreement and the Rating Agencies in connection
with such transfer. Upon acceptance of such assignment and delegation, the purchaser or transferee shall provide notice to each party
to this Agreement and then will be the successor asset representations reviewer hereunder.

Section 12.03             Resignation of the Asset Representations Reviewer.(a) The Asset Representations Reviewer may at any time resign and be discharged
from its obligations hereunder by giving written notice thereof to the other parties to this Agreement and each Rating Agency. In addition,
the Asset Representations Reviewer shall at all times be, and shall resign if it fails to be an Eligible Asset Representations Reviewer
by giving written notice to the other parties to this Agreement. Upon such notice of resignation, the Depositor shall promptly appoint
a successor asset representations reviewer that is an Eligible Asset Representations Reviewer. No resignation of the asset representations
reviewer will be effective until a successor asset representations reviewer that is an Eligible Asset Representations Reviewer has been
appointed and accepted the appointment. If no successor asset representations reviewer shall have been so appointed and have accepted
appointment within thirty (30) days after the giving of such notice of resignation, the resigning Asset Representations Reviewer
may petition any court of competent jurisdiction for the appointment of a successor asset representations reviewer that is an Eligible
Asset Representations Reviewer. The Asset Representations Reviewer will bear all costs and expenses of each other party hereto and each
Rating Agency in connection with its resignation.

Section 12.04             Restrictions of the Asset Representations Reviewer. Neither the Asset Representations Reviewer nor any of its Affiliates
shall make any investment in any Class of Certificates or the RR Interest; provided, however, that such prohibition shall
not apply to (i) riskless principal transactions effected by a broker dealer Affiliate of the Asset Representations Reviewer or (ii) investments
by an Affiliate of the Asset Representations Reviewer if the Asset Representations Reviewer and such Affiliate maintain policies and procedures
that (A) segregate personnel involved in the activities of the Asset Representations Reviewer under this Agreement from personnel
involved in such Affiliate’s investment activities and (B) prevent such Affiliate and its personnel from gaining access to
information regarding the Trust and the Asset Representations Reviewer and its personnel from gaining access to such Affiliate’s
information regarding its investment activities.

Section 12.05             Termination of the Asset Representations Reviewer. (a) An “Asset Representations Reviewer Termination Event”
means any one of the following events whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any
judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body:

(i)                                      any failure by the Asset Representations Reviewer to observe or perform in any material respect any of its covenants or agreements
or the material breach of its representations or warranties under this Agreement, which failure shall continue unremedied for a period
of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given
to the Asset Representations Reviewer by the Trustee or to the Asset Representations Reviewer and the Trustee by the Holders of Certificates
having greater than 25% of the aggregate Voting Rights of all the then outstanding Certificates;

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(ii)                                   any
failure by the Asset Representations Reviewer to perform in accordance with the Asset Review Standard in any material respect which failure
shall continue unremedied for a period of thirty (30) days after the date on which written notice of such failure, requiring the
same to be remedied, is given to the Asset Representations Reviewer by any party to this Agreement;

(iii)                                any
failure by the Asset Representations Reviewer to be an Eligible Asset Representations Reviewer, which failure shall continue unremedied
for a period of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied, is
given to the Asset Representations Reviewer by any party to this Agreement;

(iv)                               a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver or liquidator
in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation
of its affairs, shall have been entered against the Asset Representations Reviewer, and such decree or order shall have remained in force
undischarged or unstayed for a period of sixty (60) days;

(v)                                  the Asset Representations Reviewer shall consent to the appointment of a conservator or receiver or liquidator or liquidation committee
in any insolvency, readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or similar proceedings of or relating
to the Asset Representations Reviewer or of or relating to all or substantially all of its property; or

(vi)                               the Asset Representations Reviewer shall admit in writing its inability to pay its debts generally as they become due, file a petition
to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily
suspend payment of its obligations.

Upon receipt by the Certificate
Administrator of written notice of the occurrence of any Asset Representations Reviewer Termination Event, the Certificate Administrator
shall promptly provide written notice to all Certificateholders and the RR Interest Owners (which shall be simultaneously delivered to
the Asset Representations Reviewer) in accordance with the notice distribution procedures described in Section 12.01(a), unless
the Certificate Administrator has received written notice that such Asset Representations Reviewer Termination Event has been remedied.
If an Asset Representations Reviewer Termination Event shall occur then, and in each and every such case, so long as such Asset Representations
Reviewer Termination Event shall not have been remedied, either the Trustee (i) may or (ii) upon the written direction of Holders
of Certificates evidencing not less than 25% of the Voting Rights (without regard to the application of any Cumulative Appraisal Reduction
Amounts), the Trustee shall, terminate all of the rights and obligations of the Asset Representations Reviewer under this Agreement, other
than rights and obligations accrued prior to such termination (including the right to receive all amounts accrued and owing to it under
this Agreement) and other than indemnification rights (arising out of events occurring prior to such termination), by notice in writing
to the Asset Representations Reviewer. The Asset Representations Reviewer is required to bear all reasonable costs and expenses of itself
and of each other party to this Agreement in connection with its termination due to an Asset

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Representations Reviewer Termination Event.
Notwithstanding anything herein to the contrary, the Depositor and each Mortgage Loan Seller shall have the right, but not the obligation,
to notify the Certificate Administrator and the Trustee of any Asset Representations Reviewer Termination Event of which it becomes aware.

(b)                                  Upon (i) the written direction of Holders of Certificates evidencing not less than 25% of the Voting Rights (without regard
to the application of any Cumulative Appraisal Reduction Amounts) requesting a vote to terminate and replace the Asset Representations
Reviewer with a proposed successor asset representations reviewer that is an Eligible Asset Representations Reviewer and (ii) payment
by such Holders to the Certificate Administrator of the reasonable fees and expenses to be incurred by the Certificate Administrator in
connection with administering such vote, the Certificate Administrator shall promptly provide written notice thereof to the Asset Representations
Reviewer by mailing such notice to the Asset Representations Reviewer and to all Certificateholders and the RR Interest Owners in accordance
with the notice distribution procedures described in Section 12.01(a). Upon the written direction of Holders of Principal
Balance Certificates and Class RR Certificates evidencing at least 75% of a Certificateholder Quorum (without regard to the application
of any Cumulative Appraisal Reduction Amounts), the Trustee shall terminate all of the rights and obligations of the Asset Representations
Reviewer under this Agreement (other than any rights or obligations that accrued prior to the date of such termination and other than
indemnification rights arising out of events occurring prior to such termination) by notice in writing to the Asset Representations Reviewer
and appoint the proposed successor. As between the Asset Representations Reviewer, on the one hand, and the Holders of Principal Balance
Certificates and the Class RR Certificates, on the other, the Holders of Principal Balance Certificates and the Class RR Certificates
shall be entitled in their sole discretion to vote for the termination or not vote for the termination of the Asset Representations Reviewer.

(c)                                   On or after the receipt by the Asset Representations Reviewer of written notice of termination, subject to this Section 12.05,
all of its authority and power under this Agreement shall be terminated and, without limitation, the terminated Asset Representations
Reviewer shall execute any and all documents and other instruments, and do or accomplish all other acts or things reasonably necessary
or appropriate to effect the purposes of such notice of termination. As soon as practicable, but in no event later than thirty (30) days
after (1) the Asset Representations Reviewer resigns pursuant to Section 12.03 of this Agreement or (2) the Trustee delivers
such written notice of termination to the Asset Representations Reviewer, the Trustee shall appoint a successor asset representations
reviewer that is an Eligible Asset Representations Reviewer. The Trustee shall provide written notice of the appointment of an Asset Representations
Reviewer to the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Directing Certificateholder
and each Certificateholder within one Business Day of such appointment.

The Asset Representations
Reviewer shall at all times be an Eligible Asset Representations Reviewer and if the Asset Representations Reviewer ceases to be an Eligible
Asset Representations Reviewer, the Asset Representations Reviewer shall immediately notify the Master Servicer, the Special Servicer,
the Trustee, the Operating Advisor, the Certificate Administrator and the Directing Certificateholder of such disqualification and immediately
resign under Section 12.03 of this Agreement and the Trustee shall appoint a successor asset

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representations reviewer subject to and in
accordance with this Section 12.05. Notwithstanding the foregoing, if the Trustee is unable to find a successor asset representations
reviewer within thirty (30) days of the termination of the Asset Representations Reviewer, the Depositor shall be permitted to find
a replacement. The Trustee shall not be liable for any failure to identify and appoint a successor asset representations reviewer so long
as the Trustee uses commercially reasonable efforts to conduct a search for a successor asset representations reviewer and such failure
is not a result of the Trustee’s negligence, bad faith or willful misconduct in the performance of its obligations hereunder.

(d)                                  Upon any termination of the Asset Representations Reviewer and appointment of a successor to the Asset Representations Reviewer,
the Trustee shall, as soon as possible, give written notice thereof to the Special Servicer, the Master Servicer, the Certificate Administrator
(who shall, as soon as possible, give written notice thereof to the Certificateholders and the RR Interest Owners), the Operating Advisor,
the Mortgage Loan Sellers, the Depositor and, prior to the occurrence and continuance of a Consultation Termination Event, the Directing
Certificateholder and each Rating Agency. In the event that the Asset Representations Reviewer is terminated, all of its rights and obligations
under this Agreement shall terminate, other than any rights or obligations that accrued prior to the date of such termination (including
the right to receive all amounts accrued and owing to it under this Agreement) and other than indemnification rights (arising out of events
occurring prior to such termination).

[End of Article XII]

Article XIII

MISCELLANEOUS PROVISIONS

Section 13.01             Amendment. (a) This Agreement may be amended from time to time by the parties hereto, without the consent of any of
the Certificateholders, the RR Interest Owners or the Companion Holders:

(i)                                      to correct any defect or ambiguity in this Agreement in order to address any manifest error in any provision of this Agreement;

(ii)                                   to cause the provisions in this Agreement to conform or be consistent with or in furtherance of the statements made in the Prospectus
(or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR Interest, the Trust or
this Agreement or to correct or supplement any of its provisions which may be defective or inconsistent with any other provisions therein
or to correct any error;

(iii)                                to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date
and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or any RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced

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by a Rating Agency Confirmation from
each Rating Agency with respect to such amendment;

(iv)                               to modify, eliminate or add to any of its provisions to such extent as shall be necessary to maintain the qualification of any
Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding, or to avoid or minimize
the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate Administrator have
received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such action is necessary
or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (b) such action
will not adversely affect in any material respect the interests of any Certificateholder, Companion Holder or RR Interest Owner;

(v)                                  to modify, eliminate or add to the provisions of Section 5.03(o) or any other provision hereof restricting transfer of the
Class R Certificates; provided the Depositor has determined that such change shall not, as evidenced by an Opinion of Counsel,
cause the Trust, any Trust REMIC or any of the Certificateholders or the RR Interest Owners (other than the Transferor) to be subject
to a federal tax caused by a Transfer to a Person that is a Disqualified Organization or a Disqualified Non-U.S. Tax Person;

(vi)                               to revise or add any other provisions with respect to matters or questions arising under this Agreement or any other change; provided
that the required action shall not adversely affect in any material respect the interests of any Certificateholder, any RR Interest Owner
or any holder of a Serviced Companion Loan not consenting to such revision or addition, as evidenced in writing by an Opinion of Counsel,
at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
with respect to such amendment or supplement and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25);

(vii)                            to amend or supplement any provision hereof to the extent necessary to maintain the then-current ratings assigned to each Class
of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies and confirmation
of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings
of any securities related to a Companion Loan, if any (provided that such rating agency confirmation may be considered satisfied
in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25);
provided that such amendment or supplement shall not adversely affect in any material respect the interests of any Certificateholder
or any RR Interest Owner not consenting to such amendment or supplement, as evidenced by an Opinion of Counsel;

(viii)                         to modify the provisions of Sections 3.05 and 3.17 (with respect to reimbursement of Nonrecoverable Advances
and Workout-Delayed Reimbursement

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Amounts) if (a) the Depositor, the
Master Servicer, the Trustee and, for so long as a Control Termination Event has not occurred and is not continuing and with respect to
any Mortgage Loans other than any Excluded Loan, the Directing Certificateholder, determine that the CMBS industry standard for such provisions
has changed, in order to conform to such industry standard, (b) such modification does not adversely affect the status of any Trust
REMIC as a REMIC under the relevant provisions of the Code, as evidenced by an Opinion of Counsel and (c) each Rating Agency has
delivered a Rating Agency Confirmation and, with regard to any class of Serviced Companion Loan Securities, the applicable rating agencies
have delivered a confirmation that such action will not result in the downgrade, withdrawal or qualification of its then-current ratings
(provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation
may be considered satisfied with respect to the Certificates pursuant to Section 3.25);

(ix)                                 to modify the procedures of this Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided
that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and any RR Interest Owner,
as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation from
each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall give notice
of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website pursuant
to Section 3.13(c) and the Certificate Administrator shall post such notice to the Certificate Administrator’s Website;

(x)                                    to modify, eliminate or add to any provisions of this Agreement (i) to such extent as would be necessary to comply with the requirements
of the Risk Retention Rule, as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention Rule or any other regulations
applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent required to comply
with any such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion
of Counsel; or

(xi)                                 to modify, eliminate or add to any provisions of this Agreement to such extent as would be necessary to comply with the requirements
for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing, no such amendment
(A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any Mortgage Loan
Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
hereunder, without the consent of such Mortgage Loan Seller, (B) may materially and adversely affect the holders of a Companion Loan
without such Companion Holder’s consent or (C) may materially and adversely affect any RR Interest Owner without such RR Interest
Owner’s consent.

(b)                                  This Agreement may also be amended from time to time by the parties hereto with the consent of the RR Interest Owners (if affected
by such amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a

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majority of the aggregate Percentage Interests
constituting the Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this
Agreement or of modifying in any manner the rights of the Holders of Certificates of such Class or the RR Interest Owners; provided,
however, that no such amendment shall:

(i)                                      reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)                                   reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then-outstanding or such Companion Holders, as applicable; or

(iii)                                adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

(iv)                               change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary hereunder, without the consent of such Mortgage Loan Seller; or

(v)                                  amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owners or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25) and, if required under the related Intercreditor Agreement,
the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

(c)                                   Notwithstanding the foregoing, none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate
Administrator, the Depositor, the Master Servicer nor the Special Servicer will be required to consent to any amendment hereto without
having first received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted hereunder, that
all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master Servicer, the
Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer
or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of the Trust
Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify as a REMIC under the relevant provisions of the Code. Furthermore,
no amendment to this Agreement may be made that changes any provisions

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specifically required to be included in this
Agreement by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s) or that otherwise materially
and adversely affects any RR Interest Owner without such RR Interest Owner’s consent.

(d)                                  Promptly after the execution of any amendment to this Agreement, the Certificate Administrator shall post a copy of the same to
the Certificate Administrator’s Website, deliver a copy of the same to the 17g-5 Information Provider who shall post a copy
of the same on the 17g-5 Information Provider’s Website pursuant to Section 3.13(b) and Section 3.13(c),
as applicable, and, thereafter, the Certificate Administrator shall furnish a written notification of the substance of such amendment
to each Certificateholder and each Serviced Companion Noteholder, the Depositor, the Master Servicer, the Special Servicer, the Underwriters
and the Rating Agencies.

(e)                                   It shall not be necessary for the consent of Certificateholders or the RR Interest Owners under this Section 13.01
to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders or the RR Interest
Owners shall be subject to such reasonable regulations as the Certificate Administrator may prescribe.

(f)                                     The Trustee and the Certificate Administrator shall not be obligated to enter into any amendment pursuant to this Section 13.01
that affects its rights, duties and immunities under this Agreement or otherwise.

(g)                                  The cost of any Opinion of Counsel to be delivered pursuant to Section 13.01(a) or Section 13.01(c) and
the cost of any amendment entered into hereunder shall be borne by the Person seeking the related amendment, except that if the Master
Servicer, the Certificate Administrator or the Trustee requests any amendment of this Agreement in furtherance of the rights and interests
of Certificateholders and the RR Interest Owners, the cost of any Opinion of Counsel required in connection therewith pursuant to Section 13.01(a)
or Section 13.01(c) shall be payable out of the Collection Account.

(h)                                  The Servicing Standard shall not be amended unless each Rating Agency provides Rating Agency Confirmation and, with respect to
any class of Serviced Companion Loan Securities, the applicable rating agencies provide a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then-current ratings, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25).

(i)                                      To the extent the Operating Advisor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the
Asset Representations Reviewer or the Depositor obtains an Opinion of Counsel as provided for in Section 13.01(c) in connection
with executing any amendment to this Agreement, such party shall be deemed not to have acted negligently in connection with entering into
such amendment for purposes of availing itself of any indemnity provided to such party under this Agreement.

(j)                                      Notwithstanding any other provision of this Agreement, for purposes of the giving or withholding of consents pursuant to this Section 13.01,
Certificates or the RR Interest

    	 	444	 

    

    

registered in the name of the Depositor or
any Affiliate of the Depositor shall be entitled to the same Voting Rights with respect to matters described above as they would if any
other Person held such Certificates, so long as neither the Depositor nor any of its Affiliates is performing servicing duties with respect
to any of the Mortgage Loans.

(k)                                   This Agreement may not be amended without the consent of the AB Whole Loan Controlling Holder if such amendment would materially
and adversely affect the related Mortgage Loan or the rights of such Companion Holder hereunder.

(l)                                      In addition, if one but not all of the Mortgage Notes evidencing a Joint Mortgage Loan is repurchased by the applicable Mortgage
Loan Sellers, this Agreement may be amended by the parties hereto (at the expense of the party requesting such amendment (or, if the Master
Servicer or Special Servicer is requesting such amendment in connection with the fulfillment of its duties under this Agreement, at the
expense of the Trust)), without the consent of any Certificateholder, to add or modify provisions relating to the applicable Repurchased
Note for purposes of the servicing and administration of such Repurchased Note provided that the amendment shall not adversely affect
in any material respect the interests of the Certificateholders, as evidenced by a Rating Agency Confirmation from each Rating Agency
(obtained at the expense of the Repurchasing Mortgage Loan Seller) with respect to such amendment (or, if no such Rating Agency Confirmation
is actually received, by an Opinion of Counsel to such effect). Prior to the effectiveness of such amendment, if one but not all of the
Mortgage Notes with respect to a Joint Mortgage Loan is repurchased, the terms of Section 3.33 shall govern the servicing
and administration of such Joint Mortgage Loan.

Section 13.02             Recordation of Agreement; Counterparts. (a)  To the extent permitted by applicable law, this Agreement is subject
to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which
any or all of the properties subject to the Mortgages are situated, and in any other appropriate public recording office or elsewhere,
such recordation to be effected by the Certificate Administrator at the expense of the Depositor on direction by the Special Servicer
and with the consent of the Depositor (which may not be unreasonably withheld), but only upon direction accompanied by an Opinion of Counsel
(the cost of which shall be paid by the Depositor) to the effect that such recordation materially and beneficially affects the interests
of the Certificateholders and the RR Interest Owners.

(b)                                  For the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may
be executed in counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall
constitute one and the same instrument, and the words “executed,” “signed,” “signature,” and words
of like import as used above and elsewhere in this Agreement or in any other certificate, agreement or document related to this transaction
shall include, in addition to manually executed signatures, images of manually executed signatures transmitted by facsimile or other electronic
format (including, without limitation, “pdf”) and other electronic signatures (including, without limitation, any electronic
sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with
the intent to sign the record). The use of electronic signatures and electronic records (including, without limitation, any contract or
other record created, generated, sent, communicated, received, or stored by electronic means)

    	 	445	 

    

    

shall be of the same legal effect, validity
and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable
law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records
Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the
Uniform Commercial Code.

(c)                                   The
Trustee shall make any filings required under the laws of the state of its place of business required solely by virtue of the fact of
the location of the Trustee’s place of business, the costs of which, if any, to be at the Trustee’s expense.

Section 13.03             Limitation on Rights of Certificateholders and the RR Interest Owners. (a) The death or incapacity of any Certificateholder
or any RR Interest Owner shall not operate to terminate this Agreement or the Trust, nor entitle such Certificateholder’s or such
RR Interest Owner’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a
partition or winding up of the Trust, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

(b)                                  No Certificateholder or RR Interest Owner shall have any right to vote (except as expressly provided for herein) or in any manner
otherwise control the operation and management of the Trust, or the obligations of the parties hereto, nor shall anything herein set forth,
or contained in the terms of the Certificates, be construed so as to constitute the Certificateholders or the RR Interest Owners from
time to time as partners or members of an association; nor shall any Certificateholder or any RR Interest Owner be under any liability
to any third party by reason of any action taken by the parties to this Agreement pursuant to any provision hereof.

(c)                                   Other than with respect to any rights to deliver a Certificateholder Repurchase Request and exercise the rights described under
Section 2.03(k)(i), no Certificateholder or RR Interest Owner shall have any right by virtue of any provision of this Agreement
to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, any Intercreditor Agreement,
any Mortgage Loan, the RR Interest or with respect to the Certificates, unless, with respect to any suit, action or proceeding upon or
under or with respect to this Agreement, such Holder or such RR Interest Owner previously shall have given to the Trustee and the Certificate
Administrator a written notice of default, and of the continuance thereof, as herein before provided, or of the need to institute such
suit, action or proceeding on behalf of the Trust and unless also (except in the case of a default by the Trustee) the RR Interest Owners
and the Holders of Certificates of any Class evidencing not less than 50% of the related Percentage Interests in such Class shall have
made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such indemnity reasonably satisfactory to it as it may require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for sixty (60) days after its receipt of such notice, request and offer of such indemnity,
shall have neglected or refused to institute any such action, suit or proceeding. The Trustee shall be under no obligation to exercise
any of the trusts or powers vested in it hereunder or to institute, conduct or defend any litigation hereunder or in relation hereto at
the request, order or direction of any of the Holders of Certificates or the RR Interest Owners unless such Holders or the RR Interest
Owners, as applicable, have

    	 	446	 

    

    

offered to the Trustee indemnity reasonably
satisfactory to it against the costs, expenses and liabilities which may be incurred therein or hereby. It is understood and intended,
and expressly covenanted by each Certificateholder with every other Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatsoever by virtue of any provision of this Agreement or the Certificates to affect,
disturb or prejudice the rights of the Holders of any other of such Certificates, or to obtain or seek to obtain priority over or preference
to any other such Holder, which priority or preference is not otherwise provided for herein, or to enforce any right under this Agreement
or the Certificates, except in the manner herein or therein provided and for the equal, ratable and common benefit of all Certificateholders.
For the protection and enforcement of the provisions of this Section 13.03(c), each and every Certificateholder and the Trustee
shall be entitled to such relief as can be given either at law or in equity.

Section 13.04             Governing Law; Submission to Jurisdiction; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING
UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE
RIGHTS AND DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS
OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401
OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.

EACH OF THE PARTIES HERETO
IRREVOCABLY (I) SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE FEDERAL COURTS OF THE UNITED
STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT; (II) WAIVES,
TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM IN ANY ACTION OR PROCEEDING IN ANY SUCH COURT; (III) AGREES
THAT A FINAL JUDGMENT IN ANY ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION
BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; AND (IV) CONSENTS TO SERVICE OF PROCESS UPON IT BY MAILING A COPY
THEREOF BY CERTIFIED MAIL ADDRESSED TO IT AS PROVIDED FOR NOTICES HEREUNDER.

THE PARTIES HERETO HEREBY
WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM, WHETHER IN CONTRACT,
TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

Section 13.05             Notices. (a)  Any communications provided for or permitted hereunder shall be in writing and, unless otherwise
expressly provided herein, shall be deemed to have been duly given if personally delivered at or couriered, sent by facsimile transmission
(other than with respect to the Depositor or Mortgage Loan Sellers) or mailed by registered mail, postage prepaid (except for notices
to the Mortgage Loan Sellers, the Master Servicer the Certificate

    	 	447	 

    

    

Administrator and the Trustee which shall be
deemed to have been duly given only when received), to:

In the case of the Depositor:

J.P. Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

E-mail: US_CMBS_Notice@jpmorgan.com

with a copy to:

J.P. Morgan Chase Commercial Mortgage Securities Corp.

4 New York Plaza, Floor 21

New York, New York 10004-2413

Attention: SPG Legal

E-mail: US_CMBS_Notice@jpmorgan.com

In the case of the Master Servicer:

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

10851 Mastin Street

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Fax number: 1-800-327-8083

Email: NoticeAdmin@midlandls.com

with a copy to:

Stinson LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

Attention: Kenda K. Tomes

Email: kenda.tomes@stinson.com

In the case of the Special Servicer:

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

10851 Mastin Street, Suite 700

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head,

Fax number: 1-800-327-8083

    	 	448	 

    

    

Email: NoticeAdmin@midlandls.com

 

with a copy to:

Stinson LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

Fax Number: (816) 412-9338

Attention: Kenda K. Tomes

Email: kenda.tomes@stinson.com

 

In the case of the Directing Certificateholder:

KKR Real Estate Credit Opportunity Partners II L.P.

30 Hudson Yards, Suite 7500

New York, New York 10001

Attention: Matt Salem

Facsimile Number: (212) 750-0003

Email: RESecurities@kkr.com

 

with a copy to:

Dechert LLP

Cira Centre

2929 Arch Street

Philadelphia, Pennsylvania 19104-2808

Facsimile number: (215) 655-2647

Attention: David Forti

Email: david.forti@dechert.com

In the case of the Trustee:

Wilmington Trust, National Association

1100 North Market Street

Wilmington Delaware 19890

Attention: CMBS Trustee

with a copy to:

Telecopy number: (302) 636-4140

Email: CMBSTrustee@wilmingtontrust.com

    	 	449	 

    

    

In the case of the Certificate Administrator:

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2022-B36 Mortgage Trust

with a copy to:

Telecopy Number: (410) 715-2380

E-Mail: cts.cmbs.bond.admin@wellsfargo.com, and to trustadministrationgroup@wellsfargo.com, except as otherwise set forth herein

In the case of the surrender, transfer
or exchange for Certificates other than the Retained Certificates during the applicable Transfer Restriction Period, to the Certificate
Registrar:

Computershare Trust Company, National Association

Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Certificate Transfer Services (CMBS): Benchmark 2022-B36

In the case of a release, transfer or
surrender of the Retained Certificates to the Certificate Administrator:

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody – Benchmark 2022-B36

with a copy to:

riskretentioncustody@wellsfargo.com

In the case of the Custodian:

Computershare Trust Company, National Association

1055 10th Ave SE

Minneapolis, Minnesota 55414

Attn: Document Custody Group: Benchmark 2022-B36

with a copy to:

Email: cmbscustody@wellsfargo.com

    	 	450	 

    

    

In the case of the Operating Advisor
and the Asset Representations Reviewer:

Park Bridge Lender Services LLC

600 Third Avenue, 40th Floor

New York, New York 10016

Attention: Benchmark 2022-B36—Surveillance Manager

With a copy sent via email to: cmbs.notices@parkbridgefinancial.com

with a copy to:

Polsinelli

900 W. 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig M. Kohring

Email: kkohring@polsinelli.com

In the case of the Mortgage Loan Sellers
or an initial Risk Retention Consultation Party:

		(i)	JPMorgan Chase Bank, National Association

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

E-mail: US_CMBS_Notice@jpmorgan.com

with a copy to:

JPMorgan Chase Bank, National Association

4 New York Plaza, Floor 21

New York, New York 10004-2413

Attention: SPG Legal

Email: US_CMBS_Notice@jpmorgan.com

		(ii)	German American Capital Corporation

1 Columbus Circle

New York, New York 10019

Attention: Helaine Kaplan

with a copy via email to:

cmbs.requests@db.com

with a copy to:

German American Capital Corporation

1 Columbus Circle

    	 	451	 

    

    

New York, New York 10019

Attention: General Counsel

Facsimile No.: (646) 736-5721

		(iii)	Citi Real Estate Funding Inc.

388 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson

Facsimile No.: (646) 328-2943

with a copy to:

Citi Real Estate Funding Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco

Facsimile No.: (347) 394-0898

with a copy to:

Citi Real Estate Funding Inc.

388 Greenwich Street, 17th Floor

New York, New York 10013

Attention: Ryan M. O’Connor

Facsimile No.: (646) 862-8988

with copies by electronic mail to:

Richard Simpson at Richard.simpson@citi.com, Ryan M. O’Connor at ryan.m.oconnor@citi.com and, in the case of each 15Ga-1 Notice,
cmbs.notice@citi.com

		(iv)	Goldman Sachs Mortgage Company

200 West Street

New York, New York 10282

Attention: Leah Nivison

E-mail: leah.nivison@gs.com and gs-refgsecuritization@gs.com

with a copy to:

Structured Finance Legal (REFG)

gs-refglegal@gs.com

In the case of any mezzanine lender:

The address set forth in the related Intercreditor Agreement.

    	 	452	 

    

    

To each such Person, such other address as
may hereafter be furnished by such Person to the parties hereto in writing. Any communication required or permitted to be delivered to
a Certificateholder shall be deemed to have been duly given when mailed first class, postage prepaid, to the address of such Holder as
shown in the Certificate Register. Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to
have been duly given, whether or not the Certificateholder receives such notice.

(b)                                  Any party required to deliver any notice or information pursuant to the terms of this Agreement to the Rating Agencies shall deliver
such written notice of the events or information specified in Section 3.13(c) to the Rating Agencies at the address listed
below, promptly following the occurrence thereof. The Master Servicer or Special Servicer, as applicable, the Certificate Administrator,
and Trustee also shall furnish such other information regarding the Trust as may be reasonably requested by the Rating Agencies to the
extent such party has or can obtain such information without unreasonable effort or expense; provided, however, that such
other information is first provided to the 17g-5 Information Provider in accordance with the procedures set forth in Section 3.13(c);
provided, further, that the 17g-5 Information Provider shall not disclose which Rating Agency has requested such information.
Notwithstanding the foregoing, the failure to deliver such notices or copies shall not constitute a Servicer Termination Event, as the
case may be, under this Agreement. Any confirmation of the rating by the Rating Agencies required hereunder shall be in writing.

Any notices to the Rating Agencies shall
be sent to the following addresses:

DBRS, Inc.

22 West Washington Street

Chicago, Illinois 60602

Attention: Commercial Mortgage Surveillance

Facsimile No.: (312) 332-3492

Email: cmbs.surveillance@dbrs.com

Fitch Ratings, Inc.

300 West 57th Street

New York, New York 10019

Attention: Commercial Mortgage Surveillance Group

Facsimile No.: (212) 635-0295

E-mail: info.cmbs@fitchratings.com

Moody’s Investors Service, Inc.

7 World Trade Center

250 Greenwich Street

New York, New York 10007

Attention: Commercial Mortgage Surveillance Group

E mail: CMBSSurveillance@moodys.com

Section 13.06             Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall
be for any reason whatsoever held invalid,

    	 	453	 

    

    

then such covenants, agreements, provisions
or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way
affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof
or the RR Interest Owners.

Section 13.07             Grant of a Security Interest. The Depositor intends that the conveyance of the Depositor’s right, title and interest
in, to and under the Conveyed Property pursuant to this Agreement shall constitute a sale and not a pledge of security for a loan. If
such conveyance is deemed to be a pledge of security for a loan, however, the Depositor intends that the rights and obligations of the
parties to such loan shall be established pursuant to the terms of this Agreement. The Depositor also intends and agrees that, in such
event, (i) the Depositor shall be deemed to have granted to the Trustee (in such capacity) a first priority security interest in
the Depositor’s entire right, title and interest in, to and under, whether now owned or existing or hereafter acquired or arising,
the Conveyed Property and all proceeds thereof and (ii) this Agreement shall constitute a security agreement under applicable law.
The Depositor shall file or cause to be filed, as a precautionary filing, a UCC Financing Statements in all appropriate locations promptly
following the initial issuance of the Certificates to reflect the assignments made by the Mortgage Loan Sellers to the Depositor (and
the Trustee) and by the Depositor to the Trustee (copies of which shall be delivered no later than ten (10) days following the Closing
Date), and the Certificate Administrator shall, at the expense of the Depositor (to the extent reasonable) but in no event at the expense
of the Trust, prepare and file continuation statements with respect thereto, in each case in the six-month period prior to every fifth
anniversary of the date of the initial UCC Financing Statement. The Depositor shall cooperate in a reasonable manner with the Certificate
Administrator in the preparation and filing of such continuation statements. This Section 13.07 shall constitute notice to
the Trustee pursuant to any of the requirements of the applicable UCC.

Section 13.08            Successors and Assigns; Third Party Beneficiaries. (a) The provisions of this Agreement shall be binding upon and inure
to the benefit of the respective successors and assigns of the parties hereto, and all such provisions shall inure to the benefit of the
Certificateholders and the RR Interest Owners, subject to Section 13.03. Each Mortgage Loan Seller (and its respective agents),
each Companion Holder (and its respective agents), each Underwriter, each depositor of a Regulation AB Companion Loan Securitization and
the Initial Purchasers is an intended third-party beneficiary to this Agreement in respect of the respective rights afforded it hereunder.
No other person, including, without limitation, any Mortgagor, shall be entitled to any benefit or equitable right, remedy or claim under
this Agreement. If one, but not all, of the Mortgage Notes evidencing any Joint Mortgage Loan is repurchased, the applicable Repurchasing
Mortgage Loan Seller shall be a third-party beneficiary of this Agreement to the same extent as if it were a holder of a Serviced Pari
Passu Companion Loan, as contemplated by Section 3.33 hereof.

(b)                                  Each Serviced Companion Noteholder shall be a third-party beneficiary to this Agreement in respect to the rights afforded it hereunder.
Each of the Other Servicers and the Other Trustees shall be a third-party beneficiary to this Agreement in respect to all provisions herein
expressly relating to compensation, reimbursement or indemnification of such Other Servicer and Other Trustee, and any provisions regarding
reimbursement or advances or interest thereon to such Other Servicer or Other Trustee.

    	 	454	 

    

    

(c)                                   Each of the applicable Non-Serviced Trustee, Non-Serviced Master Servicer, Non-Serviced Special Servicer and any Non-Serviced
Trust holding a related Non-Serviced Companion Loan, shall be a third-party beneficiary to this Agreement in respect to its rights
as specifically provided for herein and under the applicable Non-Serviced Intercreditor Agreement.

(d)                                  Subject to Section 2.03(k)(ii), Section 2.03(l)(iv) and Section 2.03(l)(v), any Requesting
Certificateholder shall be an express third-party beneficiary to this Agreement for purposes of exercising rights under Section 2.03(k)
through Section 2.03(o).

Section 13.09             Article and Section Headings. The article and section headings herein are for convenience of reference only, and shall not
limit or otherwise affect the meaning hereof.

Section 13.10             Notices to the Rating Agencies. (a) The Certificate Administrator shall use reasonable efforts promptly to provide
notice to the 17g-5 Information Provider for posting on the 17g-5 Information Provider’s Website pursuant to Section 3.13(c),
(and the related 17g-5 information provider for any class of Serviced Companion Loan Securities to the extent applicable to any Serviced
Whole Loan) with respect to each of the following of which it has actual knowledge:

(i)                                      any material change or amendment to this Agreement;

(ii)                                   the occurrence of a Servicer Termination Event that has not been cured;

(iii)                                the resignation or termination of the Certificate Administrator, the Master Servicer, the Asset Representations Reviewer or the
Special Servicer; and

(iv)                               the repurchase or substitution of Mortgage Loans by the related Mortgage Loan Seller pursuant to Section 6 of the related
Mortgage Loan Purchase Agreement.

(b)                                  The Master Servicer shall use reasonable efforts to promptly provide notice to the 17g-5 Information Provider for posting on
the 17g-5 Information Provider’s Website pursuant to Section 3.13(c), with respect to each of the following of which
it has actual knowledge:

(i)                                      the resignation or removal of the Trustee or the Certificate Administrator;

(ii)                                   any change in the location of the Collection Account;

(iii)                                any event that would result in the voluntary or involuntary termination of any insurance of the accounts of the Trustee;

(iv)                               any change in the lien priority of any Mortgage Loan with respect to an assumption of the Mortgage Loan or additional encumbrance
described in Section 3.08;

(v)                                  any additional lease to an anchor tenant or termination of any existing lease to an anchor tenant at retail properties for any
Mortgage Loan with a Stated Principal

    	 	455	 

    

    

Balance that is equal to or greater than
the lesser of (A) an amount greater than 5% of the then aggregate outstanding principal balances of the Mortgage Loans and (B) $35,000,000;

(vi)                               any material damage to any Mortgaged Property;

(vii)                            any assumption with respect to a Mortgage Loan; and

(viii)                         any release or substitution of any Mortgaged Property.

(c)                                   The Certificate Administrator shall promptly furnish notice to the 17g-5 Information Provider for posting on the 17g-5
Information Provider’s Website pursuant to Section 3.13(c), and thereafter to the Rating Agencies of (i) any change
in the location of the Distribution Accounts and (ii) the final payment to any Class of Certificateholders.

(d)                                  The Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer, as applicable, shall furnish to the 17g-5
Information Provider for posting on the 17g-5 Information Provider’s Website pursuant to Section 3.13(c), and thereafter
to each Rating Agency (and any rating agency for any class of Serviced Companion Loan Securities to the extent applicable to any Serviced
Whole Loan) with respect to each Mortgage Loan (other than any Non-Serviced Mortgage Loan) such information as any Rating Agency shall
reasonably request and which the Trustee, the Certificate Administrator, the Master Servicer or Special Servicer, can reasonably provide
in accordance with applicable law and without waiving any attorney-client privilege relating to such information or violating the
terms of this Agreement or any Mortgage Loan documents. The Trustee, the Certificate Administrator, the Master Servicer and Special Servicer,
as applicable, may include any reasonable disclaimer it deems appropriate with respect to such information. Notwithstanding anything to
the contrary herein, nothing in this Section 13.10 shall require a party to provide duplicative notices or copies to the Rating
Agencies with respect to any of the above listed items. In connection with the delivery by the Master Servicer or Special Servicer to
the 17g-5 Information Provider of any information, report, notice or document for posting to the 17g-5 Information Provider’s Website,
the 17g-5 Information Provider shall notify the Master Servicer or Special Servicer when such information, report, notice or document
has been posted. The Master Servicer or Special Servicer, as applicable, may, but shall not be obligated to send such information, report,
notice or document to the applicable Rating Agency so long as such information, report, notice or document (i) was previously provided
to the 17g-5 Information Provider or (ii) is simultaneously provided to the 17g-5 Information Provider.

Section 13.11             PNC Bank, National Association. PNC Bank, National Association, by execution hereof by its division, Midland
Loan Services, a Division of PNC Bank, National Association, acknowledges and agrees that this Agreement is binding upon and enforceable
against PNC Bank, National Association to the full extent of the obligations set forth herein with respect to Midland Loan Services, a
Division of PNC Bank, National Association.

[End of Article XIII]

[SIGNATURES COMMENCE ON FOLLOWING PAGE]

    	 	456	 

    

    

IN WITNESS WHEREOF, the parties
hereto have caused their names to be signed hereto by their respective officers thereunto duly authorized, in each case as of the day
and year first above written.

	 	J.P. MORGAN CHASE COMMERCIAL 

MORTGAGE SECURITIES CORP., Depositor
	 	 	 
	 	 	 
	 	By:	 /s/ Harris Rendelstein
	 	 	Name:	Harris Rendelstein
	 	 	Title:	Vice President

 

 

    	 	BMARK 2022-B36: POOLING AND SERVICING AGREEMENT	 

     

    

	 	MIDLAND LOAN SERVICES, A DIVISION 

OF PNC BANK, NATIONAL ASSOCIATION,

                  as Master Servicer

	 	 	 
	 	By:	/s/ David A. Eckels
	 	 	Name:	David A. Eckels
	 	 	Title:	Senior Vice President

 

 

    	 	BMARK
                                            2022-B36: Pooling and Servicing Agreement	 

     

    

	 	MIDLAND LOAN SERVICES, A DIVISION 

OF PNC
BANK, NATIONAL ASSOCIATION,

as Special Servicer
	 	 	 
	 	By:	/s/ David A. Eckels
	 	 	Name:	David A. Eckels
	 	 	Title:	Senior Vice President

 

 

    	 	BMARK
                                            2022-B36: Pooling and Servicing Agreement	 

     

    

 

	 	COMPUTERSHARE TRUST COMPANY, 

National Association

  not in its individual capacity, but solely as 

Certificate Administrator
	 	 	 
	 	 	 
	 	By:	/s/ Stacey Gross
	 	 	Name:	Stacey Gross
	 	 	Title:	Vice President

    	 	BMARK 2022-B36: POOLING AND SERVICING AGREEMENT	 

     

    

	 	Wilmington Trust, National 

Association,

  not in its individual capacity, but solely as Trustee
	 	 	 
	 	 	 
	 	By:	/s/ Clarice Wright
	 	 	Name:	Clarice Wright
	 	 	Title:	Vice President

    	 	BMARK 2022-B36: POOLING AND SERVICING AGREEMENT	 

     

    

	 	Park Bridge Lender Services LLC,
	 	 	Operating Advisor
	 	 	 	 
	 	By:	Park Bridge Advisors LLC
	 	 	Its Sole Member
	 	 	 	 
	 	 	By:	Park Bridge Financial LLC
	 	 	 	Its Sole Member
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By:	 /s/ Robert J. Spinna, Jr.
	 	 	Name:	 Robert J. Spinna, Jr.
	 	 	Title:	 Managing Member

    	 	BMARK 2022-B36: POOLING AND SERVICING AGREEMENT	 

     

    

 

	 	Park Bridge Lender Services LLC,
	 	 	Asset Representation Reviewer
	 	 	 	 
	 	By:	Park Bridge Advisors LLC
	 	 	Its Sole Member
	 	 	 	 
	 	 	By:	Park Bridge Financial LLC
	 	 	 	Its Sole Member
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By:	 /s/ Robert J. Spinna, Jr.
	 	 	Name:	 Robert J. Spinna, Jr.
	 	 	Title:	 Managing Member

 

 

    	 	BMARK 2022-B36: POOLING AND SERVICING AGREEMENT	 

     

    

 

EXHIBIT A-1

FORM OF CLASS A-1 CERTIFICATE

CLASS A-1

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS A-1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

 

1
               Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2
               Book-Entry Certificate legend.

    	 	A-1-1	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

    	 	A-1-2	 

    

    

 

	
    PASS-THROUGH RATE: 4.1406%

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE

    CERTIFICATE BALANCE

    OF THE CLASS A-1 CERTIFICATES

    AS OF THE CLOSING DATE: $1,000,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK, 

NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    CUSIP NO.: 08163QBE7

    ISIN NO.: US08163QBE70

    COMMON CODE NO.: []

    CERTIFICATE NO.: A-1-[1]

	 	 

 

    	 	A-1-3	 

    

    

CLASS A-1 CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class A-1 Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class A-1 Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-1-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class A-1 Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-1-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class A-1 Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional
amount equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)         
         to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)                         to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)         
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date
and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner or
any Companion Holder;

    	 	A-1-6	 

    

    

(v)             
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)         
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing by
an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from each
of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such action
will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan,
if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation
may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)           to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)           
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)                
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-1-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)           
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)        
          reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                     adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)          
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)              
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-1-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-1-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	AUTHORIZED SIGNATORY

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
A-1 CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	AUTHORIZED SIGNATORY

    	 	A-1-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated: _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	 	 
	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-1-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-1-12	 

    

    

EXHIBIT A-2

FORM OF CLASS A-2 CERTIFICATE

CLASS A-2

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS A-2

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

 

1
                Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2
               Book-Entry Certificate
legend.

    	 	A-2-1	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT, ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

    	 	A-2-2	 

    

    

 

	
    PASS-THROUGH RATE: 4.6590%

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS A-2 CERTIFICATES 

AS OF THE CLOSING DATE: $106,901,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    CUSIP NO.: 08163QBF4

    ISIN NO.: US08163QBF46

    COMMON CODE NO.: []

    CERTIFICATE NO.: A-2-[1]

	 	 

 

    	 	A-2-3	 

    

    

CLASS A-2 CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class A-2 Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class A-2 Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-2-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class A-2 Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-2-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class A-2 Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional
amount equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)                 
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner or
any Companion Holder;

    	 	A-2-6	 

    

    

(v)                      to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
or the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)                  to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)               to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating
Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification
of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)              to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)                
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-2-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)           
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                         reduce
in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required to be distributed
on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest Owner or which
are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                  adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)               change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-2-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-2-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
		 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
A-2 CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-2-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

 

	TEN COM   	-	as tenant in common	UNIF GIFT MIN ACT __________ Custodian
	TEN ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	common	Act __________________________
	 	 	 	(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________ 

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:__________________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-2-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-2-12	 

    

    

EXHIBIT A-3

FORM OF CLASS A-4 CERTIFICATE

CLASS A-4

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS A-4

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

 

1
               Legend required
as long as DTC is the Depository under the Pooling and Servicing Agreement.

2
               Book-Entry Certificate
legend.

    	 	A-3-1	 

    

    

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE
ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION
OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH
BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

    	 	A-3-2	 

    

    

 

	
    PASS-THROUGH RATE: 4.2038%

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS A-4 CERTIFICATES 

AS OF THE CLOSING DATE: $170,000,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    CUSIP NO.: 08163QBG2

    ISIN NO.: US08163QBG29

    COMMON CODE NO.: []

    CERTIFICATE NO.: A-4-[1]

	 	 

    	 	A-3-3	 

    

    

CLASS A-4 CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class A-4 Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class A-4 Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-3-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class A-4 Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-3-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class A-4 Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional
amount equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)         
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)         
     to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner or
any Companion Holder;

    	 	A-3-6	 

    

    

(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)           to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating
Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification
of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)          to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)                
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-3-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)         
  to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                  adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-3-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-3-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
A-4 CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-3-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto ___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-3-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

    	 	A-3-12	 

    

    

EXHIBIT A-4

FORM OF CLASS A-5 CERTIFICATE

CLASS A-5

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS A-5

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

THE PORTION OF THE CERTIFICATE BALANCE
OF THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND
THE PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

 

1
                                                            Legend
                                            required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2
               Book-Entry Certificate
legend.

    	 	A-4-1	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

    	 	A-4-2	 

    

    

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 23, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS A-5 CERTIFICATES 

AS OF THE CLOSING DATE: $221,140,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    CUSIP NO.: 08163QBH0

    ISIN NO.: US08163QBH02

    COMMON CODE NO.: []

    CERTIFICATE NO.: A-5-[1]

	 	 

 

    	 	A-4-3	 

    

    

CLASS A-5 CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class A-5 Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class A-5 Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-4-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class A-5 Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-4-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class A-5 Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional
amount equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
         to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner or
any Companion Holder;

    	 	A-4-6	 

    

    

(v)                    to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
or the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)                   to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)               to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating
Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification
of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)                
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-4-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)           
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                 adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)        
     amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-4-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-4-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

 

THIS IS ONE OF THE CLASS
A-5 CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-4-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-4-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

    	 	A-4-12	 

    

    

EXHIBIT A-5

FORM OF CLASS A-SB CERTIFICATE

CLASS A-SB

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS A-SB

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES ON THE RELATED MORTGAGE LOANS FOR

 

1
                Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2
               Book-Entry Certificate
legend.

    	 	A-5-1	 

    

    

NONRECOVERABLE ADVANCES (PLUS INTEREST
THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR
PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE
ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

    	 	A-5-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS A-SB CERTIFICATES 

AS OF THE CLOSING DATE: $2,240,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    CUSIP NO.: 08163QBJ6

    ISIN NO.: US08163QBJ67

    COMMON CODE NO.: []

    CERTIFICATE NO.: A-SB-[1]

	 	 

 

    	 	A-5-3	 

    

    

CLASS A-SB CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class A-SB Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class A-SB Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-5-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class A-SB Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-5-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class A-SB Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional
amount equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)         
     to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-5-6	 

    

    

(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)           to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)        
       to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-5-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                 
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)             
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                  adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-5-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-5-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
A-SB CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-5-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-5-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

    	 	A-5-12	 

    

    

EXHIBIT A-6

FORM OF CLASS X-A CERTIFICATE

CLASS X-A

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS X-A

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

THIS CLASS X-A CERTIFICATE HAS NO PRINCIPAL
BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE
WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS
A-SB AND CLASS A-S CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL
AMOUNT SET FORTH BELOW.

THE NOTIONAL AMOUNT ON WHICH THE INTEREST
PAYABLE TO THE HOLDERS OF THE CLASS X-A CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT OF PRINCIPAL PAYMENTS AND LOSSES ON THE MORTGAGE
LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW.

 

1
                                                            Legend
                                            required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2
               Book-Entry Certificate
legend.

    	 	A-6-1	 

    

    

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

    	 	A-6-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE NOTIONAL 

AMOUNT OF THE CLASS X-A CERTIFICATES 

AS OF THE CLOSING DATE: $565,731,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    CUSIP NO.: 08163QBK3

    ISIN NO.: US08163QBK31

    COMMON CODE NO.: []

    CERTIFICATE NO.: X-A-[1][2]

	 	 

 

    	 	A-6-3	 

    

    

CLASS X-A CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class X-A Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class X-A Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of interest then distributable, if any, allocable to the Class of Certificates
of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement.
Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing
Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America as at the time
of payment is legal tender for the payment of public and private debts.

    	 	A-6-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class X-A Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s
pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as of such Distribution Date,
with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-6-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class X-A Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Notional Amount of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-6-6	 

    

    

(v)        
     to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)           to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)         
 to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-6-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)        
         reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)         
    reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)               adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-6-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-6-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
X-A CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-6-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-6-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-6-12	 

    

    

EXHIBIT A-7

FORM OF CLASS X-B CERTIFICATE

CLASS X-B

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS X-B

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

THIS CLASS X-B CERTIFICATE HAS NO PRINCIPAL
BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE
WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS B AND CLASS C CERTIFICATES. ACCORDINGLY, THE
NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THE NOTIONAL AMOUNT ON WHICH THE INTEREST
PAYABLE TO THE HOLDERS OF THE CLASS X-B CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT OF PRINCIPAL PAYMENTS AND LOSSES ON THE MORTGAGE
LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW.

 

 

1
                                                            Legend
                                            required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2
               Book-Entry Certificate
legend.

    	 	A-7-1	 

    

    

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

    	 	A-7-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE NOTIONAL 

AMOUNT OF THE CLASS X-B CERTIFICATES 

AS OF THE CLOSING DATE: $34,016,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    CUSIP NO.: 08163QBL1

    ISIN NO.: US08163QBL14

    COMMON CODE NO.: []

    CERTIFICATE NO.: X-B-[1]

	 	 

 

    	 	A-7-3	 

    

    

CLASS X-B CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class X-B Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class X-B Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of interest then distributable, if any, allocable to the Class of Certificates
of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement.
Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing
Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America as at the time
of payment is legal tender for the payment of public and private debts.

    	 	A-7-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class X-B Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s
pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as of such Distribution Date,
with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-7-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class X-B Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Notional Amount of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-7-6	 

    

    

(v)                   to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
or the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)              to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)            to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)        
       to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-7-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                 
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)             
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-7-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-7-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
X-B CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-7-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-7-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-7-12	 

    

    

EXHIBIT A-8

FORM OF CLASS X-D CERTIFICATE

CLASS X-D

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS X-D

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-8-1	 

    

    

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION”, AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CLASS X-D CERTIFICATE HAS NO PRINCIPAL
BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE
WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS D AND CLASS E CERTIFICATES. ACCORDINGLY, THE
NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THE NOTIONAL AMOUNT ON WHICH THE INTEREST
PAYABLE TO THE HOLDERS OF THE CLASS X-D CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT OF PRINCIPAL PAYMENTS AND LOSSES ON THE MORTGAGE
LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. THIS CERTIFICATE REPRESENTS
A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY,
IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

    	 	A-8-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE NOTIONAL 

AMOUNT OF THE CLASS X-D CERTIFICATES 

AS OF THE CLOSING DATE: $35,805,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAA6 

    ISIN NO.: US08163QAA67]4

    [CUSIP NO.: U0745WAA4 

    ISIN NO.: USU0745WAA46]5

    [CUSIP NO.: 08163QAB4 

    ISIN NO.: US08163QAB41]6

    CERTIFICATE NO.: X-D-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only. 

    	 	A-8-3	 

    

    

CLASS X-D CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class X-D Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class X-D Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of interest then distributable, if any, allocable to the Class of Certificates
of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement.
Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing
Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America as at the time
of payment is legal tender for the payment of public and private debts.

    	 	A-8-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class X-D Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s
pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as of such Distribution Date,
with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-8-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class X-D Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Notional Amount of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)         
to change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date
and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)         
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain
the qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner or
any Companion Holder;

    	 	A-8-6	 

    

    

(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)         
to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing by
an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from each
of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such action
will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan,
if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation
may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)          to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-8-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                 adversely affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such
Class then outstanding; or

(iv)             change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-8-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-8-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
X-D CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-8-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-8-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-8-12	 

    

    

EXHIBIT A-9

FORM OF CLASS X-F CERTIFICATE

CLASS X-F

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS X-F

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN
INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE,
THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE 

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-9-1	 

    

    

NOR THE UNDERLYING MORTGAGE LOANS ARE INSURED
OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION”, AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CLASS X-F CERTIFICATE HAS NO PRINCIPAL
BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE
WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS F AND CLASS G CERTIFICATES. ACCORDINGLY, THE
NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THE NOTIONAL AMOUNT ON WHICH THE INTEREST
PAYABLE TO THE HOLDERS OF THE CLASS X-F CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT OF PRINCIPAL PAYMENTS AND LOSSES ON THE MORTGAGE
LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. THIS CERTIFICATE REPRESENTS
A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY,
IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

    	 	A-9-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE NOTIONAL 

AMOUNT OF THE CLASS X-F CERTIFICATES 

AS OF THE CLOSING DATE: $8,952,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAC2 

    ISIN NO.: US08163QAC24]4

    [CUSIP NO.: U0745WAB2 

    ISIN NO.: USU0745WAB29]5

    [CUSIP NO.: 08163QAD0 

    ISIN NO.: US08163QAD07]6

    CERTIFICATE NO.: X-F-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only.

    	 	A-9-3	 

    

    

CLASS X-F CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class X-F Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class X-F Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of interest then distributable, if any, allocable to the Class of Certificates
of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement.
Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing
Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America as at the time
of payment is legal tender for the payment of public and private debts.

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Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class X-F Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s
pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as of such Distribution Date,
with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

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for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class X-F Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Notional Amount of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

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(v)                   to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
or the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)               to revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or
any other change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing by
an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from each
of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such action
will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan,
if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation
may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)             to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

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the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                    adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)             change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-9-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

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IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
X-F CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

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ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto ___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

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DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-9-12	 

    

    

EXHIBIT A-10

FORM OF CLASS X-G CERTIFICATE

CLASS X-G

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS X-G

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-10-1	 

    

    

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION”, AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS,
TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR
LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING
ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA)
TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED
TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL
BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B)
WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING
AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

THIS CLASS X-G CERTIFICATE HAS NO PRINCIPAL
BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE
WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS F AND CLASS G CERTIFICATES. ACCORDINGLY, THE
NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THE NOTIONAL AMOUNT ON WHICH THE INTEREST
PAYABLE TO THE HOLDERS OF THE CLASS X-G CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT OF PRINCIPAL PAYMENTS AND LOSSES ON THE MORTGAGE
LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. THIS CERTIFICATE REPRESENTS
A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY,
IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

    	 	A-10-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE NOTIONAL 

AMOUNT OF THE CLASS X-G CERTIFICATES 

AS OF THE CLOSING DATE: $8,951,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAE8 

    ISIN NO.: US08163QAE89]4

    [CUSIP NO.: U0745WAC0 

    ISIN NO.: USU0745WAC02]5

    [CUSIP NO.: 08163QAF5

    ISIN NO.: US08163QAF54]6

    CERTIFICATE NO.: X-G-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only.

 

    	 	A-10-3	 

    

    

CLASS X-G CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class X-G Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class X-G Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of interest then distributable, if any, allocable to the Class of Certificates
of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement.
Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing
Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America as at the time
of payment is legal tender for the payment of public and private debts.

    	 	A-10-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class X-G Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s
pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as of such Distribution Date,
with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-10-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class X-G Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Notional Amount of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)         
     to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-10-6	 

    

    

(v)        
    to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
or the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)           to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)        to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)         
 to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)        
       to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-10-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)         
         reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                 adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)          
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-10-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-10-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
X-G CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-10-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-10-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-10-12	 

    

    

EXHIBIT A-11

FORM OF CLASS X-H CERTIFICATE

CLASS X-H

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS X-H

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-11-1	 

    

    

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION”, AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS,
TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING
OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I)
SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60,
AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE
COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING
OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT
CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

THIS CLASS X-H CERTIFICATE HAS NO PRINCIPAL
BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE
WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCE OF THE CLASS H CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT
OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THE NOTIONAL AMOUNT ON WHICH THE INTEREST
PAYABLE TO THE HOLDERS OF THE CLASS X-H CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT OF PRINCIPAL PAYMENTS AND LOSSES ON THE MORTGAGE
LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. THIS CERTIFICATE REPRESENTS
A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY,
IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

    	 	A-11-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE NOTIONAL 

AMOUNT OF THE CLASS X-H CERTIFICATES 

AS OF THE CLOSING DATE: $7,161,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAG3 

    ISIN NO.: US08163QAG38]4

    [CUSIP NO.: U0745WAD8

    ISIN NO.: USU0745WAD84]5

    [CUSIP NO.: 08163QAH1

    ISIN NO.: US08163QAH11]6

    CERTIFICATE NO.: X-H-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only. 

 

    	 	A-11-3	 

    

    

CLASS X-H CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class X-H Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class X-H Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of interest then distributable, if any, allocable to the Class of Certificates
of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement.
Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing
Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America as at the time
of payment is legal tender for the payment of public and private debts.

    	 	A-11-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class X-H Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s
pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as of such Distribution Date,
with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-11-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class X-H Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Notional Amount of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)          
    to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-11-6	 

    

    

(v)        
    to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
or the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)           to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         
to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-11-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                 adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)         
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-11-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-11-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
X-H CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-11-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-11-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

    	 	A-11-12	 

    

    

EXHIBIT A-12

FORM OF CLASS X-J CERTIFICATE

CLASS X-J

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS X-J

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-12-1	 

    

    

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION”, AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS,
TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING
OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I)
SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60,
AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE
COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING
OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT
CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

THIS CLASS X-J CERTIFICATE HAS NO PRINCIPAL
BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE
WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS J AND CLASS K CERTIFICATES. ACCORDINGLY, THE
NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THE NOTIONAL AMOUNT ON WHICH THE INTEREST
PAYABLE TO THE HOLDERS OF THE CLASS X-J CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT OF PRINCIPAL PAYMENTS AND LOSSES ON THE MORTGAGE
LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. THIS CERTIFICATE REPRESENTS
A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY,
IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

    	 	A-12-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE NOTIONAL 

AMOUNT OF THE CLASS X-J CERTIFICATES 

AS OF THE CLOSING DATE: $11,602,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAJ7 

ISIN NO.: US08163QAJ76]4

    [CUSIP NO.: U0745WAE6 

ISIN NO.: USU0745WAE67]5

    [CUSIP NO.: 08163QAK4 

ISIN NO.: US08163QAK40]6

    CERTIFICATE NO.: X-J-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only. 

 

    	 	A-12-3	 

    

    

CLASS X-J CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class X-J Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class X-J Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of interest then distributable, if any, allocable to the Class of Certificates
of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement.
Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing
Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America as at the time
of payment is legal tender for the payment of public and private debts.

    	 	A-12-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class X-J Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s
pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as of such Distribution Date,
with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-12-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class X-J Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Notional Amount of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-12-6	 

    

    

(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)          to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-12-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                 adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)             change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)        
     amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-12-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-12-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
X-J CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-12-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-12-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

    	 	A-12-12	 

    

    

EXHIBIT A-13

FORM OF CLASS X-K CERTIFICATE

CLASS X-K

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS X-K

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN
INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE,
THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-13-1	 

    

    

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION”, AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS,
TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF
OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING
OF DEPARTMENT OF LABOR REGULATION § 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I)
SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60,
AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE
COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING
OR DISPOSITION OF THIS CERTIFICATE BY ANY PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT
CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

THIS CLASS X-K CERTIFICATE HAS NO PRINCIPAL
BALANCE AND WILL NOT RECEIVE ANY DISTRIBUTION OF PRINCIPAL.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE
WILL BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS J AND CLASS K CERTIFICATES. ACCORDINGLY, THE
NOTIONAL AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THE NOTIONAL AMOUNT ON WHICH THE INTEREST
PAYABLE TO THE HOLDERS OF THE CLASS X-K CERTIFICATES IS BASED WILL BE REDUCED AS A RESULT OF PRINCIPAL PAYMENTS AND LOSSES ON THE MORTGAGE
LOANS. ACCORDINGLY, THE INTEREST PAYABLE PURSUANT TO THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. THIS CERTIFICATE REPRESENTS
A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY,
IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

    	 	A-13-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE NOTIONAL 

AMOUNT OF THE CLASS X-K CERTIFICATES 

AS OF THE CLOSING DATE: $13,463,056
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAL2 

ISIN NO.: US08163QAL23]4

    [CUSIP NO.: U0745WAF3 

    ISIN NO.: USU0745WAF33]5

    [CUSIP NO.: 08163QAM0 

ISIN NO.: US08163QAM06]6

    CERTIFICATE NO.: X-K-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only. 

 

    	 	A-13-3	 

    

    

CLASS X-K CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class X-K Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class X-K Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of interest then distributable, if any, allocable to the Class of Certificates
of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement.
Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing
Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America as at the time
of payment is legal tender for the payment of public and private debts.

    	 	A-13-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class X-K Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s
pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as of such Distribution Date,
with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-13-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class X-K Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $1,000,000 initial Notional Amount, and in integral multiples of $1 in excess thereof, with one Certificate of each such
Class evidencing an additional amount equal to the remainder of the initial Notional Amount of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-13-6	 

    

    

(v)        
     to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)            to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)          to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-13-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)               to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                  adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)                change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)        
     amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-13-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-13-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
X-K CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-13-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-13-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

    	 	A-13-12	 

    

    

EXHIBIT A-14

FORM OF CLASS A-S CERTIFICATE

CLASS A-S

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS A-S

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

 

1                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2                  Book-Entry
Certificate legend. 

    	 	A-14-1	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

THIS CERTIFICATE IS SUBORDINATED TO THE
CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS X-F, CLASS X-G, CLASS X-H, CLASS X-J AND
CLASS X-K CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    	 	A-14-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS A-S CERTIFICATES 

AS OF THE CLOSING DATE: $64,450,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    CUSIP NO.: 08163QBM9

    ISIN NO.: US08163QBM96

    COMMON CODE NO.: []

    CERTIFICATE NO.: A-S-[1]

	 	 

 

    	 	A-14-3	 

    

    

CLASS A-S CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class A-S Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class A-S Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-14-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class A-S Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such
Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall take
such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall deem
appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first anniversary
of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest shall accrue
or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate Administrator
as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with Section
4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-14-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class A-S Certificates will be issued in book-entry form through the facilities of DTC in minimum
denominations of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional
amount equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

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(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)           to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating
Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification
of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-14-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                 
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                   adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)             change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-14-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-14-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
A-S CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-14-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-14-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-14-12	 

    

    

EXHIBIT A-15

FORM OF CLASS B CERTIFICATE

CLASS B

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS B

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

 

1                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2                  Book-Entry
Certificate legend. 

    	 	A-15-1	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

THIS CERTIFICATE IS SUBORDINATED TO THE
CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS X-F, CLASS X-G, CLASS X-H, CLASS X-J, CLASS
X-K AND CLASS A-S CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    	 	A-15-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS B CERTIFICATES 

AS OF THE CLOSING DATE: $34,016,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    CUSIP NO.: 08163QBN7

    ISIN NO.: US08163QBN79

    COMMON CODE NO.: []

    CERTIFICATE NO.: B-[1]

	 	 

 

    	 	A-15-3	 

    

    

CLASS B CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class B Certificates issued by the Trust created pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase
Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity
under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the
Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class B Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-15-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class B Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-15-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class B Certificates will be issued in book-entry form through the facilities of DTC in minimum denominations
of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount
equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-15-6	 

    

    

(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)              to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)           to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)          to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)        
       to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-15-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)         
 to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                 
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)             change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-15-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-15-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
B CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-15-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-15-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-15-12	 

    

    

EXHIBIT A-16

FORM OF CLASS C CERTIFICATE

CLASS C

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS C

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

 

1                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2                  Book-Entry
Certificate legend.

    	 	A-16-1	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

THIS CERTIFICATE IS SUBORDINATED TO THE
CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS X-F, CLASS X-G, CLASS X-H, CLASS X-J, CLASS
X-K, CLASS A-S AND CLASS B CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    	 	A-16-2	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS C CERTIFICATES 

AS OF THE CLOSING DATE: $30,435,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    CUSIP NO.: 08163QBP2

    ISIN NO.: US08163QBP28

    COMMON CODE NO.: []

    CERTIFICATE NO.: C-[1]

	 	 

 

    	 	A-16-3	 

    

    

CLASS C CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class C Certificates issued by the Trust created pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial
Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity under the Pooling
and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor
and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set
forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling
and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class C Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates and the
RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-16-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class C Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-16-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class C Certificates will be issued in book-entry form through the facilities of DTC in minimum denominations
of $10,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount
equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-16-6	 

    

    

(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)          to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)          to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-16-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                  adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)             change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)              
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-16-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-16-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
C CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-16-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

 

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-16-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-16-12	 

    

    

EXHIBIT A-17

FORM OF CLASS D CERTIFICATE

CLASS D

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS D

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-17-1	 

    

    

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE
ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION
OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH
BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

THIS CERTIFICATE IS SUBORDINATED TO THE
CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS X-F, CLASS X-G, CLASS X-H, CLASS X-J, CLASS
X-K, CLASS A-S, CLASS B AND CLASS C CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    	 	A-17-2	 

    

    

 

	
    PASS-THROUGH RATE: 2.5000 %

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS D CERTIFICATES 

AS OF THE CLOSING DATE: $19,693,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAN8 

ISIN NO.: US08163QAN88]4

    [CUSIP NO.: U0745WAG1 

ISIN NO.: USU0745WAG16]5

    [CUSIP NO.: 08163QAP3 

ISIN NO.: US08163QAP37]6

    CERTIFICATE NO.: D-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only. 

    	 	A-17-3	 

    

    

CLASS D CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class D Certificates issued by the Trust created pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial
Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity under the Pooling
and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor
and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set
forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling
and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class D Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates and the
RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-17-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class D Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-17-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class D Certificates will be issued in book-entry form through the facilities of DTC in minimum denominations
of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount
equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-17-6	 

    

    

(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)          to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)        to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)        
       to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-17-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                   
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                  adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)           
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-17-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-17-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
D CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-17-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-17-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

    	 	A-17-12	 

    

    

EXHIBIT A-18

FORM OF CLASS E CERTIFICATE

CLASS E

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS E

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-18-1	 

    

    

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”).

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE
ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION
OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH
BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

THIS CERTIFICATE IS SUBORDINATED TO THE
CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS X-F, CLASS X-G, CLASS X-H, CLASS X-J, CLASS
X-K, CLASS A-S, CLASS B, CLASS C AND CLASS D CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED
TO HEREIN.

 

    	 	A-18-2	 

    

    

 

	
    PASS-THROUGH RATE: 2.5000%

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS E CERTIFICATES 

AS OF THE CLOSING DATE: $16,112,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAQ1 

    ISIN NO.: US08163QAQ10]4

    [CUSIP NO.: U0745WAH9 

    ISIN NO.: USU0745WAH98]5

    [CUSIP NO.: 08163QAR9 

    ISIN NO.: US08163QAR92]6

    CERTIFICATE NO.: E-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only. 

    	 	A-18-3	 

    

    

CLASS E CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class E Certificates issued by the Trust created pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial
Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity under the Pooling
and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor
and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set
forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling
and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class E Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates and the
RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-18-4	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class E Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-18-5	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class E Certificates will be issued in book-entry form through the facilities of DTC in minimum denominations
of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount
equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-18-6	 

    

    

(v)        
     to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)          to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)        to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)        
       to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-18-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                   
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                   adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)              change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)              
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-18-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-18-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
E CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-18-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-18-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

    	 	A-18-12	 

    

    

EXHIBIT A-19

FORM OF CLASS F CERTIFICATE

CLASS F

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS F

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-19-1	 

    

    

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR
TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN
SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE
FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING
THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION
§ 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE
COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS
I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION,
HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY
PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
VIOLATION OF SIMILAR LAW.

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY
WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE CODE.

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

    	 	A-19-2	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

THIS CERTIFICATE IS SUBORDINATED TO THE
CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS X-F, CLASS X-G, CLASS X-H, CLASS X-J, CLASS
X-K, CLASS A-S, CLASS B, CLASS C, CLASS D AND CLASS E CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN.

 

 

 

    	 	A-19-3	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS F CERTIFICATES 

AS OF THE CLOSING DATE: $8,952,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAS7 

    ISIN NO.: US08163QAS75]4

    [CUSIP NO.: U0745WAJ5 

    ISIN NO.: USU0745WAJ54]5

    [CUSIP NO.: 08163QAT5 

    ISIN NO.: US08163QAT58]6

    CERTIFICATE NO.: F-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only. 

    	 	A-19-4	 

    

    

CLASS F CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class F Certificates issued by the Trust created pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial
Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity under the Pooling
and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor
and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set
forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling
and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class F Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates and the
RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-19-5	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class F Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-19-6	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class F Certificates will be issued in book-entry form through the facilities of DTC in minimum denominations
of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount
equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-19-7	 

    

    

(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)           to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-19-8	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)         
     reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                  adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)              change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)              
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-19-9	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-19-10	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
F CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-19-11	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-19-12	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-19-13	 

    

    

EXHIBIT A-20

FORM OF CLASS G CERTIFICATE

CLASS G

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS G

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-20-1	 

    

    

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR
TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN
SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE
FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING
THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION
§ 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE
COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS
I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION,
HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY
PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
VIOLATION OF SIMILAR LAW.

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY
WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE CODE.

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

    	 	A-20-2	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

THIS CERTIFICATE IS SUBORDINATED TO THE
CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS X-F, CLASS X-G, CLASS X-H, CLASS X-J, CLASS
X-K, CLASS A-S, CLASS B, CLASS C, CLASS D, CLASS E AND CLASS F CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND SERVICING
AGREEMENT REFERRED TO HEREIN.

 

    	 	A-20-3	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS G CERTIFICATES 

AS OF THE CLOSING DATE: $8,951,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC 

BANK, NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAU2 

    ISIN NO.: US08163QAU22]4

    [CUSIP NO.: U0745WAK2 

    ISIN NO.: USU0745WAK28]5

    [CUSIP NO.: 08163QAV0 

    ISIN NO.: US08163QAV05]6

    CERTIFICATE NO.: G-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only.

    	 	A-20-4	 

    

    

CLASS G CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class G Certificates issued by the Trust created pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial
Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity under the Pooling
and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor
and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set
forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling
and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class G Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates and the
RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-20-5	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class G Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-20-6	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class G Certificates will be issued in book-entry form through the facilities of DTC in minimum denominations
of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount
equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)              to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-20-7	 

    

    

(v)        
    to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any
other provision of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor
has determined that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
or the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)          to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current
ratings assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating
Agencies and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification
of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)        to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)         
 to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-20-8	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                 adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)          
change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage
Loan Seller under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party
beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-20-9	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-20-10	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
G CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-20-11	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-20-12	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made,
by wire transfer or otherwise, in immediately available funds to _________________________________ for the account of __________________________________
account number _______________ or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

    	 	A-20-13	 

    

    

EXHIBIT A-21

FORM OF CLASS H CERTIFICATE

CLASS H

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS H

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-21-1	 

    

    

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR
TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN
SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE
FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING
THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION
§ 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE
COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS
I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION,
HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY
PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
VIOLATION OF SIMILAR LAW.

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY
WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE CODE.

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

    	 	A-21-2	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

THIS CERTIFICATE IS SUBORDINATED TO THE
CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS X-F, CLASS X-G, CLASS X-H, CLASS X-J, CLASS
X-K, CLASS A-S, CLASS B, CLASS C, CLASS D, CLASS E, CLASS F AND CLASS G CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING AND
SERVICING AGREEMENT REFERRED TO HEREIN.

 

    	 	A-21-3	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS H CERTIFICATES 

AS OF THE CLOSING DATE: $7,161,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAW8 

    ISIN NO.: US08163QAW87]4

    [CUSIP NO.: U0745WAL0 

    ISIN NO.: USU0745WAL01]5

    [CUSIP NO.: 08163QAX6 

    ISIN NO.: US08163QAX60]6

    CERTIFICATE NO.: H-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only. 

    	 	A-21-4	 

    

    

CLASS H CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class H Certificates issued by the Trust created pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial
Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity under the Pooling
and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor
and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set
forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling
and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class H Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates and the
RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-21-5	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class H Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-21-6	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class H Certificates will be issued in book-entry form through the facilities of DTC in minimum denominations
of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount
equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-21-7	 

    

    

(v)        
    to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
or the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)          to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)        to modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result in
the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be considered
satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates pursuant to
Section 3.25 of the Pooling and Servicing Agreement);

(ix)         
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)        
       to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-21-8	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)         
     reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)             change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-21-9	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-21-10	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
H CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-21-11	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-21-12	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent

 

    	 	A-21-13	 

    

    

EXHIBIT A-22

FORM OF CLASS J CERTIFICATE

CLASS J

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS J

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend.

    	 	A-22-1	 

    

    

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR
TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN
SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE
FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING
THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION
§ 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE
COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS
I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION,
HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY
PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
VIOLATION OF SIMILAR LAW.

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY
WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE CODE.

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

    	 	A-22-2	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

THIS CERTIFICATE IS SUBORDINATED TO THE
CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS X-F, CLASS X-G, CLASS X-H, CLASS X-J, CLASS
X-K, CLASS A-S, CLASS B, CLASS C, CLASS D, CLASS E, CLASS F, CLASS G AND CLASS H CERTIFICATES AS AND TO THE EXTENT SET FORTH IN THE POOLING
AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    	 	A-22-3	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS J CERTIFICATES 

AS OF THE CLOSING DATE: $11,602,000
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QAY4 

    ISIN NO.: US08163QAY44]4

    [CUSIP NO.: U0745WAM8 

    ISIN NO.: USU0745WAM83]5

    [CUSIP NO.: 08163QAZ1 

    ISIN NO.: US08163QAZ19]6

    CERTIFICATE NO.: J-[1]

 

4
For Certificate sold in reliance on Rule 144A only.

5
For Regulation S Global Certificate only.

6
For IAI Definitive Certificate only. 

 

    	 	A-22-4	 

    

    

CLASS J CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class J Certificates issued by the Trust created pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial
Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity under the Pooling
and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor
and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set
forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling
and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class J Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates and the
RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-22-5	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class J Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-22-6	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class J Certificates will be issued in book-entry form through the facilities of DTC in minimum denominations
of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount
equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-22-7	 

    

    

(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)           to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-22-8	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)             change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-22-9	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-22-10	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
J CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-22-11	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-22-12	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent

 

    	 	A-22-13	 

    

    

EXHIBIT A-23

FORM OF CLASS K CERTIFICATE

CLASS K

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS K

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE FOR PURPOSES OF REGULATION S (“REGULATION S”) UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE NOR ANY INTEREST HEREIN
MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S BOOK-ENTRY CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE
BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR
FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS BOOK-ENTRY CERTIFICATE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE,
AND TRANSFERS OF BENEFICIAL INTERESTS IN THIS BOOK-ENTRY CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

 

1
                                                            Temporary
                                            Regulation S Book-Entry Certificate legend.

2                   Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3                  Book-Entry
Certificate legend. 

    	 	A-23-1	 

    

    

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR
TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN
SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE
FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING
THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION
§ 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE
COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS
I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION,
HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY
PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
VIOLATION OF SIMILAR LAW.

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY
WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT”, AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE CODE.

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE

    	 	A-23-2	 

    

    

AND WILL BE INCREASED BY RECOVERIES ON
THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS
ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION OF THE NON-VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE
OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE
BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR.

THIS CERTIFICATE IS SUBORDINATED TO THE
CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5, CLASS A-SB, CLASS X-A, CLASS X-B, CLASS X-D, CLASS X-F, CLASS X-G, CLASS X-H, CLASS X-J, CLASS
X-K, CLASS A-S, CLASS B, CLASS C, CLASS D, CLASS E, CLASS F, CLASS G, CLASS H AND CLASS J CERTIFICATES AS AND TO THE EXTENT SET FORTH
IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

 

    	 	A-23-3	 

    

    

 

	
    PASS-THROUGH RATE: VARIABLE IN 

ACCORDANCE WITH THE POOLING AND 

SERVICING AGREEMENT

    DENOMINATION: $[            ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS K CERTIFICATES 

AS OF THE CLOSING DATE: $13,463,056
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QBA5 

    ISIN NO.: US08163QBA58]4

    [CUSIP NO.: U0745WAN6 

    ISIN NO.: USU0745WAN66]5

    [CUSIP NO.: 08163QBB3 

    ISIN NO.: US08163QBB32]6

    CERTIFICATE NO.: K-[1]

	 	 

 

4                 For
Certificate sold in reliance on Rule 144A only.

5
                For Regulation
S Global Certificate only

6
                For IAI Definitive
Certificate only. 

    	 	A-23-4	 

    

    

CLASS K CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT CEDE & CO. is the registered
owner of the interest evidenced by this Certificate in the Class K Certificates issued by the Trust created pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial
Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity under the Pooling
and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor
and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set
forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling
and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class K Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates and the
RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit”, as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and take no action
inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal income taxes, state
and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and private debts.

    	 	A-23-5	 

    

    

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date at the Class K Pass-Through Rate specified above on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the Non-VRR Available Funds to be distributed on the Certificates of this Class as
of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Non-VRR Realized Losses previously allocated to this Certificate) shall be made
in like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other
location specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate

    	 	A-23-6	 

    

    

for registration of transfer at the office
of the Certificate Registrar or at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below
or other written instrument of transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s
attorney-in-fact duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations
will be issued to the designated transferee or transferees.

Subject to the terms of the
Pooling and Servicing Agreement, the Class K Certificates will be issued in book-entry form through the facilities of DTC in minimum denominations
of $100,000, and in integral multiples of $1 in excess thereof, with one Certificate of each such Class evidencing an additional amount
equal to the remainder of the initial Certificate Balance of such Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
        to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)              
to cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements
made in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR
Interest, the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or
inconsistent with any other provisions therein or to correct any error;

(iii)              to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)             to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-23-7	 

    

    

(v)            
 to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or
the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)             to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)          to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)         to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)          
to modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange
Act; provided that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and
the RR Interest Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating
Agency Confirmation from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator
shall give notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website
pursuant to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)               
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to

    	 	A-23-8	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)          
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply
with the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)                  
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)              
reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment
or remove the requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates
of such Class then outstanding or such Companion Holders, as applicable; or

(iii)                 adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)             change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)             
amend the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating
Agency Confirmation from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the
downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided
that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered
satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the
related Intercreditor Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-23-9	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-23-10	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
K CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

    	 	A-23-11	 

    

    

ABBREVIATIONS

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto ___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-23-12	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent

 

    	 	A-23-13	 

    

    

EXHIBIT A-24

FORM OF CLASS R CERTIFICATE

CLASS R

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS R

THIS CERTIFICATE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), ANY STATE SECURITIES LAWS OR THE LAWS OF ANY OTHER
JURISDICTION. NEITHER THIS CERTIFICATE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO,
REGISTRATION UNDER THE SECURITIES ACT.

THE HOLDER OF THIS CERTIFICATE BY ITS ACCEPTANCE
HEREOF AGREES NOT TO OFFER, SELL OR OTHERWISE TRANSFER SUCH CERTIFICATE EXCEPT IN ACCORDANCE WITH ALL APPLICABLE STATE SECURITIES LAWS
AND (A) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT OR (B) FOR SO LONG AS
THIS CERTIFICATE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON WHOM THE SELLER REASONABLY BELIEVES
IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A.

THE INITIAL INVESTOR IN THIS CERTIFICATE,
AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY
WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. A TRANSFEREE IS ALSO REQUIRED TO DELIVER AN INVESTMENT
REPRESENTATION LETTER SUBSTANTIALLY IN THE FORM OF EXHIBIT C TO THE POOLING AND SERVICING AGREEMENT.

THIS CERTIFICATE DOES NOT REPRESENT AN
INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE,
THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED
OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
ONLY (A) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES
IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE
ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE
144A, AND (B)

    	 	A-24-1	 

    

    

IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS,
TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE, OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING
THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION
§ 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE.

THIS CERTIFICATE REPRESENTS A “RESIDUAL
INTEREST” IN TWO “REAL ESTATE MORTGAGE INVESTMENT CONDUITS” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(2)
AND 860D OF THE CODE. EACH TRANSFEREE OF THIS CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE SUBJECT TO
CERTAIN RESTRICTIONS ON TRANSFERABILITY TO DISQUALIFIED ORGANIZATIONS, DISQUALIFIED NON-U.S. TAX PERSONS OR AGENTS OF EITHER, AS SET FORTH
IN SECTION 5.03 OF THE POOLING AND SERVICING AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT TO THE TRANSFEROR, THE CERTIFICATE
ADMINISTRATOR AND THE TRUSTEE TO THE EFFECT THAT, AMONG OTHER THINGS, (A) IT IS NOT A DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED
IN SECTION 860E(e)(5) OF THE CODE, OR AN AGENT (INCLUDING A BROKER, NOMINEE OR OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION AND
IS OTHERWISE A PERMITTED TRANSFEREE, (B) IT HAS HISTORICALLY PAID ITS DEBTS AS THEY HAVE COME DUE AND INTENDS TO PAY ITS DEBTS AS THEY
COME DUE IN THE FUTURE, (C) IT UNDERSTANDS THAT IT MAY INCUR TAX LIABILITIES WITH RESPECT TO THIS CERTIFICATE IN EXCESS OF CASH FLOWS
GENERATED HEREBY, (D) IT INTENDS TO PAY ANY TAXES ASSOCIATED WITH HOLDING THIS CERTIFICATE AS THEY BECOME DUE, (E) IT WILL NOT CAUSE INCOME
WITH RESPECT TO THIS CERTIFICATE TO BE ATTRIBUTABLE TO A FOREIGN PERMANENT ESTABLISHMENT OR FIXED BASE, WITHIN THE MEANING OF AN APPLICABLE
INCOME TAX TREATY, OF SUCH PERSON OR ANY OTHER U.S. TAX PERSON AND (F) IT WILL NOT TRANSFER THIS CERTIFICATE TO ANY PERSON OR ENTITY
THAT DOES NOT PROVIDE A SIMILAR AFFIDAVIT. ANY PURPORTED TRANSFER TO A DISQUALIFIED ORGANIZATION OR OTHER PERSON THAT IS NOT A PERMITTED
TRANSFEREE OR OTHERWISE IN VIOLATION OF THESE RESTRICTIONS SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO RIGHTS IN ANY PURPORTED
TRANSFEREE. THIS CERTIFICATE REPRESENTS ONE OR MORE “NON-ECONOMIC RESIDUAL INTERESTS”, AS DEFINED IN TREASURY REGULATIONS
SECTION 1.860E-1(c), AND THEREFORE, TRANSFERS OF THIS CERTIFICATE MAY BE DISREGARDED FOR FEDERAL INCOME TAX PURPOSES. IN ORDER TO SATISFY
A REGULATORY SAFE HARBOR UNDER WHICH SUCH TRANSFERS WILL NOT BE DISREGARDED, THE TRANSFEROR MAY BE REQUIRED, AMONG OTHER THINGS, TO SATISFY
ITSELF AS TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND EITHER TO TRANSFER AT A MINIMUM PRICE OR TO AN ELIGIBLE TRANSFEREE
AS SPECIFIED IN TREASURY REGULATIONS.

 

    	 	A-24-2	 

    

    

 

	
    PERCENTAGE INTEREST EVIDENCED BY 

THIS CERTIFICATE: [100%]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    CLASS R PERCENTAGE INTEREST: 100%
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QBC1 

    ISIN NO.: US08163QBC15]1

    

    [CUSIP NO.: U0745WAP1 

    ISIN NO.: USU0745WAP15]2

    

    [CUSIP NO.: 08163QBD9 

    ISIN NO.: US08163QBD97]3

    

    CERTIFICATE NO.: R-[1]

	 	 

 

1                 For
Certificate sold in reliance on Rule 144A only.

2
                For Regulation
S Global Certificate only

3
                For IAI
Definitive Certificate only. 

    	 	A-24-3	 

    

    

CLASS R CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT [_______] is the registered
owner of the interest evidenced by this Certificate in the Class R Certificates issued by the Trust created pursuant to the Pooling and
Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P. Morgan Chase Commercial
Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor entity under the Pooling
and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor
and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set
forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned thereto in the Pooling
and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof. The Certificates are designated as the Benchmark
2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36 and are issued in the classes as specifically
set forth in the Pooling and Servicing Agreement. The Certificates and the RR Interest will evidence in the aggregate 100% of the beneficial
ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Class R Certificate
represents a “residual interest” in two “real estate mortgage investment conduits”, as those terms are defined,
respectively, in Sections 860G(a)(1) and 860D of the Code. Each Holder of this Certificate, by acceptance hereof, agrees to treat, and
take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal
income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income. The Certificate Administrator
will be designated as the “partnership representative” of each Trust REMIC (within the meaning of Section 6223 of the Internal
Revenue Code).

Pursuant to the terms of
the Pooling and Servicing Agreement, distributions, if any, on this Certificate shall be made by the Certificate Administrator in an amount
equal to such Person’s pro rata share (based on the Percentage Interest represented by this Certificate) and to the extent
and subject to the limitations set forth in the Pooling and Servicing Agreement, on the Distribution Date to the Person in whose name
this Certificate is registered as of the related Record Date. All sums distributable on this Certificate are payable in the coin or currency
of the United States of America as at the time of payment is legal tender for the payment of public and private debts.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement.

    	 	A-24-4	 

    

    

As provided in the Pooling and Servicing Agreement,
the Collection Account and the Distribution Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates
and the RR Interest Owner specified in the Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account)
or the Certificate Administrator (with respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts
on deposit in such accounts may be invested in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing
Agreement. Interest or other investment income earned on funds in the Collection Account will be paid to the Master Servicer as set forth
in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall
be made from time to time for purposes other than distributions to Certificateholders or the RR Interest Owner, such purposes including
reimbursement of certain expenses incurred with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of Realized Losses previously allocated to this Certificate) shall be made in like
manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon surrender of this Certificate for registration of transfer at the office of the Certificate Registrar or
at the office of its transfer agent, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of
transfer in form satisfactory to the Certificate Registrar duly executed by the Holder hereof or such Holder’s attorney-in-fact
duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized Denominations will be issued to
the designated transferee or transferees.

Each Person who has or acquires
any Ownership Interest in a Class R Certificate shall be deemed by the acceptance or acquisition of such Ownership Interest in a Class
R Certificate to have agreed to be bound by the following provisions and the rights of each Person acquiring any Ownership Interest in
a Class R Certificate are expressly subject to the following provisions: (A) no Person holding or acquiring any Ownership Interest in
a Class R Certificate shall be a Disqualified Organization, a Disqualified Non-U.S. Tax Person or any agent of either (including a broker,
nominee or other middleman) (an “Agent”), or a Plan or a Person acting on behalf of or using the assets of a Plan (such
Plan or Person, an “ERISA Prohibited Holder”) and shall promptly notify the Certificate Registrar of any change or
impending change to such status; (B) in connection with any proposed Transfer of any

    	 	A-24-5	 

    

    

Ownership Interest in a Class R Certificate,
the Certificate Registrar shall require delivery to it, and no Transfer of any Class R Certificate shall be registered until the Certificate
Registrar receives, an affidavit substantially in the form attached to the Pooling and Servicing Agreement as Exhibit D-1 (a “Transferee
Affidavit”) from the proposed Transferee, in form and substance satisfactory to the Certificate Registrar, representing and
warranting, among other things, that such Transferee is not a Disqualified Organization, a Disqualified Non-U.S. Tax Person or any Agent
of either, or an ERISA Prohibited Holder and that it agrees to be bound by and to abide by the provisions of Section 5.03(o) of the Pooling
and Servicing Agreement; (C) notwithstanding the delivery of a Transferee Affidavit by a proposed Transferee under clause (B) above, if
the Certificate Registrar has actual knowledge or reason to believe that the proposed Transferee is a Disqualified Organization, a Disqualified
Non-U.S. Tax Person or any Agent of either, or an ERISA Prohibited Holder, no Transfer of an Ownership Interest in a Class R Certificate
to such proposed Transferee shall be effected; and (D) each Person holding or acquiring any Ownership Interest in a Class R Certificate
shall agree (1) not to transfer its Ownership Interest in such Class R Certificate to any Person that does not provide a Transferee Affidavit
and (2) not to transfer its Ownership Interest in such Class R Certificate unless it provides to the Certificate Registrar a letter substantially
in the form attached to the Pooling and Servicing Agreement as Exhibit D-2 (a “Transferor Letter”) certifying that,
among other things, it has no actual knowledge or reason to know that the proposed Transferee’s statements in such Transferee Affidavit
are false.

The Class R Certificates
will be issued in fully registered, certificated form, in minimum Percentage Interests of 10% and integral multiples of 1% in excess thereof.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)        
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)          to
cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements made
in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR Interest,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

(iii)       to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)        to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the

    	 	A-24-6	 

    

    

relevant provisions of the Code at all
times that any Certificate is outstanding, or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided
that the Trustee and the Certificate Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment)
to the effect that (a) such action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the
imposition of any such tax and (b) such action will not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any Companion Holder;

(v)         to
modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision of the Pooling
and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined that such change
shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders or the RR Interest
Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified Organization
or a Disqualified Non-U.S. Tax Person;

(vi)       to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)      to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)    to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)        to
modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided
that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and the RR Interest
Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall give

    	 	A-24-7	 

    

    

notice of any such amendment to the 17g-5
Information Provider for posting to the 17g-5 Information Provider’s Website pursuant to Section 3.13(c) of the Pooling and Servicing
Agreement and the Certificate Administrator shall post such notice to the Certificate Administrator’s Website;

(x)        
to modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to
comply with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention
Rule or any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed,
to the extent required to comply with any such amendment or to modify or eliminate the risk retention requirements in the event of such
repeal, as evidenced by an Opinion of Counsel; or

(xi)        to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply with
the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)        
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)          reduce
the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment or remove the
requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates of such
Class then outstanding or such Companion Holders, as applicable; or

(iii)        adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)       change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)        amend
the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating Agency Confirmation
from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with
respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the related Intercreditor
Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

    	 	A-24-8	 

    

    

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any Trust REMIC, or cause any Trust REMIC to fail to qualify as a REMIC under the relevant provisions of the Code. Furthermore,
no amendment to the Pooling and Servicing Agreement may be made that changes any provisions specifically required to be included in the
Pooling and Servicing Agreement by any Designated Intercreditor Agreement without the consent of the related Companion Holder(s) or that
otherwise materially and adversely affects the RR Interest Owner without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

    	 	A-24-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
R CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, 

N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

    	 	A-24-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in
the inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws
or regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto ___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or irrevocably
constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full power of substitution
in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-24-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or ______________________________, as its agent.

 

    	 	A-24-12	 

    

    

EXHIBIT A-25

FORM OF CLASS RR CERTIFICATE

CLASS RR

BENCHMARK 2022-B36 MORTGAGE TRUST

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

SERIES 2022-B36, CLASS RR

THIS CERTIFICATE IS INTENDED TO CONSTITUTE
PART OF AN “ELIGIBLE VERTICAL INTEREST” (AS DEFINED IN REGULATION RR PROMULGATED UNDER SECTION 15G OF THE SECURITIES EXCHANGE
ACT OF 1934, AS AMENDED), AND AS SUCH IS SUBJECT TO VARIOUS PROHIBITIONS ON HEDGING, TRANSFER AND FINANCING SET FORTH IN REGULATION RR
PROMULGATED UNDER SECTION 15G OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. THE INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT
PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER
REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT.  

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE MORTGAGE LOAN SELLERS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE
OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CERTIFICATE ADMINISTRATOR, THE DIRECTING CERTIFICATEHOLDER, THE RISK RETENTION
CONSULTATION PARTIES, THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS
ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) TO AN INSTITUTION THAT IS A NON-“U.S. PERSON” IN AN “OFFSHORE TRANSACTION” AS DEFINED IN, AND
IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) UPON INITIAL ISSUANCE ONLY, TO AN INSTITUTION
THAT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES
ACT (“REGULATION D”) OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS ARE “ACCREDITED INVESTORS” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D, AND (B) IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

    	 	A-25-1	 

    

    

THIS CERTIFICATE MAY NOT BE PURCHASED BY
OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO THE
FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR
TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN
SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE
FOREGOING PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAW”), OR ANY PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING
THE ASSETS OF SUCH PLAN (INCLUDING AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION
§ 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE
COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS
I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION,
HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY
PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT
VIOLATION OF SIMILAR LAW.

THIS CERTIFICATE REPRESENTS (I) A BENEFICIAL
INTEREST IN MULTIPLE “REGULAR INTERESTS” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND (II) A BENEFICIAL INTEREST IN THE
EXCESS INTEREST AND PROCEEDS THEREOF IN THE EXCESS INTEREST DISTRIBUTION ACCOUNT.

THE PORTION OF THE CERTIFICATE BALANCE OF
THE CERTIFICATES EVIDENCED BY THIS CERTIFICATE WILL BE DECREASED BY THE PORTION OF PRINCIPAL DISTRIBUTIONS ON THE CERTIFICATES AND THE
PORTION OF REALIZED LOSSES ALLOCABLE TO THIS CERTIFICATE AND WILL BE INCREASED BY RECOVERIES ON THE RELATED MORTGAGE LOANS FOR NONRECOVERABLE
ADVANCES (PLUS INTEREST THEREON) THAT WERE PREVIOUSLY REIMBURSED FROM PRINCIPAL COLLECTIONS ON THE MORTGAGE LOANS THAT RESULTED IN A REDUCTION
OF THE VRR PRINCIPAL DISTRIBUTION AMOUNT. ACCORDINGLY, THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THAT SET FORTH BELOW.
ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT CERTIFICATE BALANCE BY INQUIRY OF THE CERTIFICATE ADMINISTRATOR. 

 

 

    	 	A-25-2	 

    

    

 

	
    PASS-THROUGH RATE: N/A

    DENOMINATION: $[              ]

    DATE OF POOLING AND SERVICING 

AGREEMENT: AS OF AUGUST 1, 2022

    CUT-OFF DATE: AS SET FORTH IN THE 

POOLING AND SERVICING AGREEMENT
    (AS 

DEFINED HEREIN)

    CLOSING DATE: AUGUST 23, 2022

    FIRST DISTRIBUTION DATE:

    SEPTEMBER 16, 2022

    APPROXIMATE AGGREGATE 

CERTIFICATE BALANCE 

OF THE CLASS RR CERTIFICATES 

AS OF THE CLOSING DATE: $7,850,625
	
    MASTER SERVICER:       MIDLAND LOAN SERVICES,
    

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    SPECIAL SERVICER:      MIDLAND
LOAN SERVICES, 

A DIVISION OF PNC BANK,

 NATIONAL ASSOCIATION

    TRUSTEE: WILMINGTON TRUST, NATIONAL

 ASSOCIATION

    CERTIFICATE ADMINISTRATOR: 

COMPUTERSHARE
    TRUST 

COMPANY, NATIONAL 

ASSOCIATION

    OPERATING
    Advisor: PARK BRIDGE LENDER 

SERVICES LLC

    ASSET REPRESENTATIONS REVIEWER: PARK
    

BRIDGE LENDER SERVICES LLC

    [CUSIP NO.: 08163QBQ0 

    ISIN NO.: US08163QBQ01]1

    

    [CUSIP NO.: U0745WAQ9 

    ISIN NO.: USU0745WAQ97]2 

    

    [CUSIP NO.: 08163QBR8 

    ISIN NO.: US08163QBR83]3

    

    CERTIFICATE NO.: RR-[1]

	 	 

 

1                 For
Certificate sold in reliance on Rule 144A only.

2
                For Regulation
S Global Certificate only

3
                For IAI
Definitive Certificate only. 

    	 	A-25-3	 

    

    

CLASS RR CERTIFICATE

evidencing a beneficial ownership interest
in a Trust Fund, consisting primarily of a pool of commercial mortgage loans (the “Mortgage Loans”), all payments on
or collections in respect of the Mortgage Loans due after the Cut-off Date, all REO Properties and revenues received in respect thereof,
the mortgagee’s rights under the insurance policies, any Assignment of Leases, and any guaranties or other collateral as security
for the Mortgage Loans and such amounts as shall from time to time be held in the Collection Account, the Distribution Accounts, the Interest
Reserve Account, the Non-VRR Gain-on-Sale Reserve Account, the VRR Interest Gain-on-Sale Interest Reserve Account and the REO Accounts,
formed and sold by

J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES
CORP.

THIS CERTIFIES THAT [______________________________]
is the registered owner of the interest evidenced by this Certificate in the Class RR Certificates issued by the Trust created pursuant
to the Pooling and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), among J.P.
Morgan Chase Commercial Mortgage Securities Corp. (hereinafter called the “Depositor”, which term includes any successor
entity under the Pooling and Servicing Agreement), the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Operating Advisor and the Asset Representations Reviewer. A summary of certain of the pertinent provisions of the Pooling and Servicing
Agreement is set forth hereafter. To the extent not defined herein, the capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate is one of
a duly authorized issue of Certificates designated as Certificates of the series specified on the face hereof (herein called the “Certificates”)
and representing an interest in the Class of Certificates specified on the face hereof equal to the quotient expressed as a percentage
obtained by dividing the Denomination of this Certificate specified on the face hereof, by the aggregate initial Certificate Balance of
the Class RR Certificates. The Certificates are designated as the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2022-B36 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement. The Certificates
and the RR Interest will evidence in the aggregate 100% of the beneficial ownership of the Trust.

This Certificate does not
purport to summarize the Pooling and Servicing Agreement and reference is made to that agreement for information with respect to the interests,
rights, benefits, obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee and the Certificate
Administrator. This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement,
to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents
and by which the Certificateholder is bound. In the case of any conflict between terms specified in this Certificate and terms specified
in the Pooling and Servicing Agreement, the terms of the Pooling and Servicing Agreement shall govern.

This Certificate represents
(i) a beneficial interest in multiple “regular interests” in a “real estate mortgage investment conduit”, as those
terms are defined, respectively, in Sections 860G(a)(1) and 860D of the Code; and (ii) a beneficial interest in the Excess Interest and
proceeds thereof in the Excess Interest Distribution Account. Each Holder of this Certificate, by acceptance hereof, agrees to treat,
and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence for purposes of federal
income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

Pursuant to the terms of
the Pooling and Servicing Agreement, the Certificate Administrator shall distribute to the Person in whose name this Certificate is registered
as of the related Record Date, an amount equal to such Person’s pro rata share (based on the Percentage Interest represented
by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class
of Certificates of the same Class as this Certificate for such Distribution Date, all as more fully described in the Pooling and Servicing
Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling
and Servicing Agreement. All sums distributable on this Certificate are payable in the coin or currency of the United States of America
as at the time of payment is legal tender for the payment of public and

    	 	A-25-4	 

    

    

private debts. Holders of this Certificate
may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement.

Interest on this Certificate
will accrue (computed as if each year consisted of 360 days and each month consisted of 30 days) during the Interest Accrual Period relating
to such Distribution Date as specified in the Pooling and Servicing Agreement on the Certificate Balance of this Certificate immediately
prior to each Distribution Date. Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal
to this Certificate’s pro rata share of the VRR Available Funds to be distributed on the Certificates of this Class as of
such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing
Agreement.

Realized Losses and certain
other amounts on the Mortgage Loans shall be allocated on the applicable Distribution Date to Certificateholders and the RR Interest Owner
in the manner set forth in the Pooling and Servicing Agreement. All Realized Losses on the Mortgage Loans allocated to any Class of Certificates
will be allocated pro rata among the outstanding Certificates of such Class.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries respecting the Mortgage Loans, all as more specifically
set forth in the Pooling and Servicing Agreement. As provided in the Pooling and Servicing Agreement, the Collection Account and the Distribution
Accounts will be held on behalf of the Trustee for the benefit of the Holders of Certificates and the RR Interest Owner specified in the
Pooling and Servicing Agreement and the Master Servicer (with respect to the Collection Account) or the Certificate Administrator (with
respect to the Distribution Accounts) will be authorized to make withdrawals therefrom. Amounts on deposit in such accounts may be invested
in Permitted Investments in accordance with Section 3.06 of the Pooling and Servicing Agreement. Interest or other investment income
earned on funds in the Collection Account will be paid to the Master Servicer as set forth in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement, withdrawals from the Collection Account shall be made from time to time for purposes
other than distributions to Certificateholders or the RR Interest Owner, such purposes including reimbursement of certain expenses incurred
with respect to the servicing of the Mortgage Loans and administration of the Trust.

All distributions under the
Pooling and Servicing Agreement to a Class of Certificates shall be made on each Distribution Date (other than the final distribution
on any Certificate) to Certificateholders of record on the related Record Date by check mailed to the address set forth therefor in the
Certificate Register or, provided that such Certificateholder has provided the Certificate Administrator with wire instructions
at least five (5) Business Days prior to the related Record Date, by wire transfer of immediately available funds to the account of such
Certificateholder at a bank or other entity having appropriate facilities therefor. The final distribution on this Certificate (determined
without regard to any possible future reimbursement of VRR Realized Losses previously allocated to this Certificate) shall be made in
like manner, but only upon presentment and surrender of this Certificate at the offices of the Certificate Registrar or such other location
specified in the notice to Certificateholders of such final distribution.

Any funds not distributed
to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Certificateholders to
tender their Certificates shall, on such date, be set aside and held uninvested in trust and credited to the account or accounts of the
appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to Section 4.01(h) of
the Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such
notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their
Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice
all such Certificates shall not have been surrendered for cancellation, the Certificate Administrator, directly or through an agent, shall
take such steps to contact the remaining non-tendering Certificateholders concerning the surrender of their Certificates as it shall
deem appropriate. The costs and expenses of holding such funds in trust and of contacting such Certificateholders following the first
anniversary of the delivery of such second notice to the non-tendering Certificateholders shall be paid out of such funds. No interest
shall accrue or be payable to any Certificateholder on any amount held in trust under the Pooling and Servicing Agreement by the Certificate
Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance
with Section 4.01(h) of the Pooling and Servicing Agreement.

    	 	A-25-5	 

    

    

As provided in the Pooling
and Servicing Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the
Certificate Register only upon receipt by the Certificate Administrator of (i) a certificate from the prospective Transferee in the form
set forth in the Pooling and Servicing Agreement, countersigned by the Retaining Sponsor and (ii) a certificate from the prospective Transferor
in the form set forth in the Pooling and Servicing Agreement.

Subject to the terms of the
Pooling and Servicing Agreement, the Class RR Certificates will be issued in fully registered, certificated form in minimum denominations
of $10,000, and in integral multiples of $1 in excess thereof (or such lesser amount if the Certificate Balance is not a multiple of $1),
with one Certificate of each such Class evidencing an additional amount equal to the remainder of the initial Certificate Balance of such
Class.

No fee or service charge
shall be imposed by the Certificate Registrar for its services in respect of any registration of transfer or exchange of any Certificate
(other than Definitive Certificates) referred to in Section 5.03 of the Pooling and Servicing Agreement. In connection with any transfer
to an Institutional Accredited Investor, the Transferor shall reimburse the Trust for any costs (including the cost of the Certificate
Registrar’s counsel’s review of the documents and any legal opinions, submitted by the transferor or transferee to the Certificate
Registrar as provided in Section 5.03 of the Pooling and Servicing Agreement) incurred by the Certificate Registrar in connection with
such transfer. The Certificate Registrar may require payment by each transferor of a sum sufficient to cover any tax, expense or other
governmental charge payable in connection with any such transfer or exchange.

The Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor and the Certificate Registrar, and any agent of any of them, may
treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Depositor, the Certificate Registrar, nor any agent of any of them, shall
be affected by any notice to the contrary.

The Pooling and Servicing
Agreement may be amended from time to time by the parties thereto, without the consent of any of the Certificateholders or the Companion
Holders:

(i)         
to correct any defect or ambiguity in the Pooling and Servicing Agreement in order to address any manifest error in any provision
of the Pooling and Servicing Agreement;

(ii)         to
cause the provisions in the Pooling and Servicing Agreement to conform or be consistent with or in furtherance of the statements made
in the Prospectus (or in an offering document for any related non-offered certificates) with respect to the Certificates, the RR Interest,
the Trust or the Pooling and Servicing Agreement or to correct or supplement any of its provisions which may be defective or inconsistent
with any other provisions therein or to correct any error;

(iii)       to
change the timing and/or nature of deposits in the Collection Account, the Distribution Accounts or any REO Account; provided
that (a) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution
Date and (b) such change shall not adversely affect in any material respect the interests of any Certificateholder or the RR Interest
Owner, as evidenced in writing by an Opinion of Counsel at the expense of the party requesting such amendment or as evidenced by a Rating
Agency Confirmation from each Rating Agency with respect to such amendment;

(iv)       to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as shall be necessary to maintain the
qualification of any Trust REMIC as a REMIC under the relevant provisions of the Code at all times that any Certificate is outstanding,
or to avoid or minimize the risk of imposition of any tax on the Trust, any Trust REMIC; provided that the Trustee and the Certificate
Administrator have received an Opinion of Counsel (at the expense of the party requesting such amendment) to the effect that (a) such
action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and
(b) such action will not adversely affect in any material respect the interests of any Certificateholder, the RR Interest Owner
or any Companion Holder;

    	 	A-25-6	 

    

    

(v)        to modify, eliminate or add to the provisions of Section 5.03(o) of the Pooling and Servicing Agreement or any other provision
of the Pooling and Servicing Agreement restricting transfer of the Class R Certificates; provided the Depositor has determined
that such change shall not, as evidenced by an Opinion of Counsel, cause the Trust, any Trust REMIC or any of the Certificateholders
or the RR Interest Owner (other than the Transferor) to be subject to a federal tax caused by a Transfer to a Person that is a Disqualified
Organization or a Disqualified Non-U.S. Tax Person;

(vi)       to
revise or add any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other
change; provided that the required action shall not adversely affect in any material respect the interests of any Certificateholder,
the RR Interest Owner or any holder of a Serviced Companion Loan not consenting to such revision or addition as evidenced in writing
by an Opinion of Counsel, at the expense of the party requesting such amendment or as evidenced by a Rating Agency Confirmation from
each of the Rating Agencies with respect to such amendment or supplement and confirmation of the applicable rating agencies that such
action will not result in the downgrade, withdrawal or qualification of its then-current ratings of any securities related to a Companion
Loan, if any (provided that such rating agency confirmation may be considered satisfied in the same manner as any Rating Agency
Confirmation may be considered satisfied with respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(vii)      to
amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the then-current ratings
assigned to each Class of Certificates by each Rating Agency, as evidenced by a Rating Agency Confirmation from each of the Rating Agencies
and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal or qualification of
its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating agency confirmation
may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement); provided that such amendment or supplement shall not adversely
affect in any material respect the interests of any Certificateholder or the RR Interest Owner not consenting to such amendment or supplement,
as evidenced by an Opinion of Counsel;

(viii)    to
modify the provisions of Sections 3.05 and 3.17 of the Pooling and Servicing Agreement (with respect to reimbursement of Nonrecoverable
Advances and Workout-Delayed Reimbursement Amounts) if (a) the Depositor, the Master Servicer, the Trustee and, for so long as a Control
Termination Event has not occurred and is not continuing and with respect to any Mortgage Loans other than any Excluded Loan, the Directing
Certificateholder, determine that the CMBS industry standard for such provisions has changed, in order to conform to such industry standard,
(b) such modification does not adversely affect the status of any Trust REMIC as a REMIC under the relevant provisions of the Code, as
evidenced by an Opinion of Counsel and (c) each Rating Agency has delivered a Rating Agency Confirmation and, with regard to any class
of Serviced Companion Loan Securities, the applicable rating agencies have delivered a confirmation that such action will not result
in the downgrade, withdrawal or qualification of its then current ratings (provided that such rating agency confirmation may be
considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with respect to the Certificates
pursuant to Section 3.25 of the Pooling and Servicing Agreement);

(ix)        to
modify the procedures of the Pooling and Servicing Agreement relating to compliance with Rule 17g-5 of the Exchange Act; provided
that such amendment shall not adversely affect in any material respects the interests of any Certificateholders and the RR Interest
Owner, as evidenced by (x) an Opinion of Counsel or (y) if any Certificate is then rated, receipt of Rating Agency Confirmation
from each Rating Agency rating such Certificates; and provided, further, that the Certificate Administrator shall give
notice of any such amendment to the 17g-5 Information Provider for posting to the 17g-5 Information Provider’s Website pursuant
to Section 3.13(c) of the Pooling and Servicing Agreement and the Certificate Administrator shall post such notice to the Certificate
Administrator’s Website;

(x)          to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement (i) to such extent as would be necessary to comply
with the requirements of the Risk Retention Rule as evidenced by an Opinion of Counsel or (ii) in the event the Risk Retention Rule or
any other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to

    	 	A-25-7	 

    

    

the extent required to comply with any
such amendment or to modify or eliminate the risk retention requirements in the event of such repeal, as evidenced by an Opinion of Counsel;
or

(xi)        to
modify, eliminate or add to any provisions of the Pooling and Servicing Agreement to such extent as would be necessary to comply with
the requirements for use of Form SF-3 in registered offerings to the extent provided in CFR 239.45(b)(1)(ii), (iii) or (iv).

Notwithstanding the foregoing,
no such amendment (A) may change in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations of any
Mortgage Loan Seller under any Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third
party beneficiary under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller, (B) may materially and
adversely affect the holders of a Companion Loan without such Companion Holder’s consent or (C) may materially and adversely affect
the RR Interest Owner without the RR Interest Owner’s consent.

The Pooling and Servicing
Agreement may also be amended from time to time by the parties thereto with the consent of the RR Interest Owner (if affected by such
amendment) and the Holders of Certificates of each Class affected by such amendment evidencing, in each case, not less than a majority
of the aggregate Percentage Interests constituting the Class for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Holders of Certificates
of such Class or the RR Interest Owner; provided, however, that no such amendment shall:

(i)        
reduce in any manner the amount of, or delay the timing of, payments received on the Mortgage Loans or Whole Loans that are required
to be distributed on a Certificate of any Class or the RR Interest without the consent of the Holder of the Certificate or the RR Interest
Owner or which are required to be distributed to a Companion Holder without the consent of such Companion Holder; or

(ii)         reduce
the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment or remove the
requirement to obtain consent of any Companion Holder, in any such case without the consent of the Holders of all Certificates of such
Class then outstanding or such Companion Holders, as applicable; or

(iii)        adversely
affect the Voting Rights of any Class of Certificates without the consent of the Holders of all Certificates of such Class then outstanding;
or

(iv)        change
in any manner any defined term used in any Mortgage Loan Purchase Agreement or the obligations or rights of any Mortgage Loan Seller
under such Mortgage Loan Purchase Agreement or otherwise or change any rights of any Mortgage Loan Seller as a third party beneficiary
under the Pooling and Servicing Agreement, without the consent of such Mortgage Loan Seller; or

(v)         amend
the Servicing Standard without the consent of 100% of the Certificateholders and the RR Interest Owner or receipt of Rating Agency Confirmation
from each Rating Agency and confirmation of the applicable rating agencies that such action will not result in the downgrade, withdrawal
or qualification of its then-current ratings of any securities related to a Companion Loan, if any (provided that such rating
agency confirmation may be considered satisfied in the same manner as any Rating Agency Confirmation may be considered satisfied with
respect to the Certificates pursuant to Section 3.25 of the Pooling and Servicing Agreement) and, if required under the related Intercreditor
Agreement, the consent of the holder of any AB Subordinate Companion Loan for each Serviced AB Whole Loan.

Notwithstanding the foregoing,
none of the Operating Advisor, the Asset Representations Reviewer, the Trustee, the Certificate Administrator, the Depositor, the Master
Servicer nor the Special Servicer will be required to consent to any amendment to the Pooling and Servicing Agreement without having first
received an Opinion of Counsel (at the Trust’s expense) to the effect that such amendment is permitted under the Pooling and Servicing
Agreement, that all conditions precedent have been satisfied and that such amendment or the exercise of any power granted to the Master
Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations
Reviewer or any other specified Person in accordance with such amendment will not result in the imposition of a tax on any portion of
the Trust Fund or any

    	 	A-25-8	 

    

    

Trust REMIC, or cause any Trust REMIC to fail
to qualify as a REMIC under the relevant provisions of the Code. Furthermore, no amendment to the Pooling and Servicing Agreement may
be made that changes any provisions specifically required to be included in the Pooling and Servicing Agreement by any Designated Intercreditor
Agreement without the consent of the related Companion Holder(s) or that otherwise materially and adversely affects the RR Interest Owner
without the RR Interest Owner’s consent.

The Holders of the majority
of the Controlling Class, the Special Servicer, the Master Servicer or the Holders of the Class R Certificates may, in that order of priority,
at their option, upon no less than 60 days’ prior written notice given to the Trustee, the Certificate Administrator and each of
the other parties to the Pooling and Servicing Agreement, elect to purchase all of the Mortgage Loans (and all property acquired through
exercise of remedies in respect of any related Mortgage Loan) and the Trust’s portion of each REO Property remaining in the Trust
Fund, and thereby effect termination of the Trust and early retirement of the then-outstanding Certificates, on or after the first
Distribution Date on which the aggregate Stated Principal Balances of the Mortgage Loans and the portion of any REO Loans held by the
Trust is less than 1.0% of the aggregate Cut-off Date Balance of the Mortgage Loans.

Following the date on which
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates are retired
(and provided that there is only one Holder (or multiple Holders acting in unanimity) of the then-outstanding Certificates
(other than the Class R Certificates)) and the RR Interest, the Sole Certificateholder shall have the right, with the consent of the Master
Servicer, to exchange all of its Certificates (other than the Class R Certificates) and the RR Interest for all of the Mortgage Loans
and each REO Property remaining in the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement.

The obligations created by
the Pooling and Servicing Agreement and the Trust created thereby (other than the obligation of the Certificate Administrator to make
payments to Certificateholders as provided for in the Pooling and Servicing Agreement), shall terminate upon reduction of the Certificate
Balances of all the Certificates and the RR Interest Balance of the RR Interest to zero (including, without limitation, any such final
payment resulting from a termination of the Trust due to a sale of its property) pursuant to the terms of the Pooling and Servicing Agreement.
In no event, however, will the Trust created by the Pooling and Servicing Agreement continue beyond the expiration of 21 years from the
death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James,
living on the date hereof.

Unless the certificate of
authentication hereon has been executed by the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any
benefit under the Pooling and Servicing Agreement or be valid for any purpose. The Certificate Registrar has executed this Certificate
on behalf of the Trust as Certificate Registrar under the Pooling and Servicing Agreement and makes no representation or warranty as to
any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans.

THIS CERTIFICATE AND THE
POOLING AND SERVICING AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO CONFLICT OF LAWS PRINCIPLES APPLIED IN NEW YORK.

 

    	 	A-25-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Registrar has caused this Certificate to be duly executed under this official seal.

	 	COMPUTERSHARE TRUST COMPANY, N.A., not in its individual capacity but solely as Certificate Registrar under
  the Pooling and Servicing Agreement
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

		Dated:	August 23, 2022

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CLASS
RR CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED POOLING AND SERVICING AGREEMENT.

	 	COMPUTERSHARE TRUST COMPANY, N.A., as Authenticating Agent
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-25-10	 

    

    

ABBREVIATIONS

The following abbreviations, when used in
the inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws
or regulations:

	 	 	 	 
	TEN COM   	-	as tenant in common	UNIF
                                         GIFT MIN ACT __________ Custodian
	TEN
        ENT	-	as tenants by the entireties	     (Cust)
	JT TEN	-	as joint tenants with rights of 	Under
        Uniform Gifts to Minors
	 	 	survivorship and not as tenants in	 
	 	 	 common	Act
        __________________________
	 	 		
(State)

Additional abbreviations
may also be used though not in the above list.

 

 

FORM OF TRANSFER

FOR VALUE RECEIVED, the
undersigned hereby sells, assigns and transfers unto ___________________

 

(Please insert Social Security or other identifying
number of Assignee)

 

(Please print or typewrite name and address of assignee)

 

the within Certificate and does hereby or
irrevocably constitute and appoint to transfer the said Certificate in the Certificate register of the within-named Trust, with full
power of substitution in the premises.

 

	Dated:  _________________	NOTICE:  The signature to this assignment must correspond with the name as written upon the face of this Certificate in every particular without alteration or enlargement or any change whatever.

	SIGNATURE GUARANTEED	 

The signature must be guaranteed by a commercial
bank or trust company or by a member firm of the New York Stock Exchange or another national securities exchange. Notarized or witnessed
signatures are not acceptable.

 

    	 	A-25-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The assignee should include
the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately
available funds to _________________________________ for the account of __________________________________ account number _______________
or, if mailed by check, to _______________________________________. Statements should be mailed to _______________________________________________________________.
This information is provided by assignee named above, or _______________________, as its agent.

 

    	 	A-25-12	 

    

    

EXHIBIT B

MORTGAGE LOAN SCHEDULE

 

 

    	 	B-1	 

    

    

BMARK
2022-B36 - Mortgage Loan Schedule

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 		 	 	 	 	 			
	ID	Loan Number	Mortgage Loan 

Seller	Mortgage Loan Name	Street Address	City	State	Zip Code	Mortgage

Rate (%)	Original Principal

Balance ($)	Cut-off Date 

Stated Principal Balance ($)
	CREFI/JPMCB1	1	CREFI/JPMCB	79 Fifth Avenue	79 Fifth Avenue	New York	New York	10003	4.92000%	71,000,000	71,000,000
	CREFI2	2	CREFI	Yorkshire & Lexington Towers	Various	New York	New York	Various	3.04000%	66,000,000	66,000,000
	CREFI2.01 	2.01	CREFI	Yorkshire Towers	305 East 86th Street	New York	New York	10028	 	56,798,742	 
	CREFI2.02	2.02	CREFI	Lexington Towers	160 East 88th Street	New York	New York	10128	 	9,201,258	 
	CREFI3	3	CREFI	39 Broadway 	39 Broadway	New York	New York	10006	5.05000%	65,000,000	65,000,000
	GACC4	4	GACC	935 & 953 Sycamore	7051 Willoughby Avenue and 911-953 North Sycamore Avenue	Los Angeles	California	90038	5.44000%	60,000,000	60,000,000
	CREFI5	5	CREFI	JANAF Shopping Yard	5900 East Virginia Beach Boulevard	Norfolk	Virginia	23502	5.31000%	60,000,000	60,000,000
	JPMCB6	6	JPMCB	One Campus Martius	1000 Woodward Avenue	Detroit	Michigan	48226	6.02000%	50,000,000	50,000,000
	GSMC7	7	GSMC	Gateway Plaza	800 East Canal Street	Richmond	Virginia	23219	5.92100%	40,000,000	40,000,000
	GACC8	8	GACC	The Lion Building	2525 16th Street	San Francisco	California	94103	5.19750%	35,000,000	35,000,000
	GSMC9	9	GSMC	NMC Industrial Portfolio I	Various	Various	Various	Various	4.43000%	32,076,375	32,076,375
	GSMC9.01	9.01	GSMC	2912 3rd Avenue North	2912 3rd Avenue North	Birmingham	Alabama	35203	 	5,629,460	 
	GSMC9.02	9.02	GSMC	85 Sidney Phillips Drive	85 Sidney Phillips Drive	Mobile	Alabama	36607	 	3,926,188	 
	GSMC9.03	9.03	GSMC	2609 Clinton Avenue West	2609 Clinton Avenue West	Huntsville	Alabama	35805	 	1,633,987	 
	GSMC9.04	9.04	GSMC	1130 Lincoln Road	1130 Lincoln Road	Montgomery	Alabama	36109	 	1,587,796	 
	GSMC9.05	9.05	GSMC	3015 10th Avenue	3015 10th Avenue	Tuscaloosa	Alabama	35401	 	1,518,511	 
	GSMC9.06	9.06	GSMC	320 North 3rd Street	320 North 3rd Street	Gadsden	Alabama	35901	 	1,483,868	 
	GSMC9.07	9.07	GSMC	458 Bic Road	458 Bic Road	Dothan	Alabama	36303	 	1,437,677	 
	GSMC9.08	9.08	GSMC	1732 Creighton Avenue Southeast	1732 Creighton Avenue Southeast	Decatur	Alabama	35601	 	1,379,939	 
	GSMC9.09	9.09	GSMC	437 South Noble Street	437 South Noble Street	Anniston	Alabama	36201	 	1,385,713	 
	GSMC9.10	9.10	GSMC	4211 North Jackson Highway	4211 North Jackson Highway	Sheffield	Alabama	35660	 	1,287,559	 
	GSMC9.11	9.11	GSMC	2609 Decatur Highway	2609 Decatur Highway	Gardendale	Alabama	35071	 	1,140,327	 
	GSMC9.12	9.12	GSMC	125 Hollywood Boulevard Northeast	125 Hollywood Boulevard Northeast	Fort Walton Beach	Florida	32548	 	1,114,344	 
	GSMC9.13	9.13	GSMC	7 Armstrong Street Northwest	7 Armstrong Street Northwest	Rome	Georgia	30165	 	1,056,606	 
	GSMC9.14	9.14	GSMC	1212 Webster Avenue	1212 Webster Avenue	Columbus	Georgia	31901	 	1,039,285	 
	GSMC9.15	9.15	GSMC	4025 North Palafox Street	4025 North Palafox Street	Pensacola	Florida	32505	 	998,868	 
	GSMC9.16	9.16	GSMC	2310 Frederick Road	2310 Frederick Road	Opelika	Alabama	36801	 	808,333	 
	GSMC9.17	9.17	GSMC	501 & 503 Railroad Avenue	501 & 503 Railroad Avenue	Albertville	Alabama	35950	 	802,559	 
	GSMC9.18	9.18	GSMC	20762 Brinks Willis Road	20762 Brinks Willis Road	Foley	Alabama	36535	 	721,726	 
	GSMC9.19	9.19	GSMC	2201-C Highway 31 South	2201-C Highway 31 South	Pelham	Alabama	35124	 	678,422	 
	GSMC9.20	9.20	GSMC	1112 US Highway 31 South	1112 US Highway 31 South	Athens	Alabama	35611	 	623,571	 
	GSMC9.21	9.21	GSMC	1916 11th Avenue North	1916 11th Avenue North	Bessemer	Alabama	35020	 	513,869	 
	GSMC9.22	9.22	GSMC	1715 Main Avenue Southwest	1715 Main Avenue Southwest	Cullman	Alabama	35055	 	476,339	 
	GSMC9.23	9.23	GSMC	9715 Milton Jones Road	9715 Milton Jones Road	Daphne	Alabama	36526	 	438,809	 
	GSMC9.24	9.24	GSMC	710 Oakhill Road	710 Oakhill Road	Jasper	Alabama	35504	 	392,619	 
	CREFI10	10	CREFI	Keylock Storage Portfolio II	Various	Various	Various	Various	5.60000%	32,000,000	32,000,000
	CREFI10.01	10.01	CREFI	Keylock Storage - Middleton	17792 Middleton Road	Nampa	Idaho	83687	 	8,097,474	 
	CREFI10.02	10.02	CREFI	Keylock Storage - Hayden	9906 North Government Way	Hayden	Idaho	83835	 	7,201,601	 
	CREFI10.03	10.03	CREFI	Keylock Storage - Apple	2200 West Appleway Avenue	Coeur d'Alene	Idaho	83814	 	6,375,305	 
	CREFI10.04	10.04	CREFI	Keylock Storage - Nampa	146 North Middleton Road	Nampa	Idaho	83651	 	5,639,768	 
	CREFI10.05	10.05	CREFI	Keylock Storage - Pasco	3030 West Irving Street	Pasco	Washington	99301	 	4,685,852	 
	GSMC11	11	GSMC	NMC Industrial Portfolio II	Various	Various	Various	Various	4.36000%	30,187,500	30,187,500
	GSMC11.01	11.01	GSMC	1919 Superior Street	1919 Superior Street	Elkhart	Indiana	46516	 	14,317,500	 
	GSMC11.02	11.02	GSMC	11170 Green Valley Drive	11170 Green Valley Drive	Olive Branch	Mississippi	38654	 	12,592,500	 
	GSMC11.03	11.03	GSMC	2030 Old Candler Road	2030 Old Candler Road	Gainesville	Georgia	30507	 	3,277,500	 
	JPMCB12	12	JPMCB	Lincoln Place	5905-6115 North Illinois Street	Fairview Heights	Illinois	62208	5.16000%	28,012,500	28,012,500
	CREFI13	13	CREFI	Amsdell Southern Storage Portfolio	Various	Various	Various	Various	5.48000%	23,500,000	23,500,000
	CREFI13.01	13.01	CREFI	Compass Self Storage - Fate	159 Riding Club Road	Fate	Texas	75087	 	11,100,000	 
	CREFI13.02	13.02	CREFI	Compass Self Storage - Mansfield	2231 Country Club Drive	Mansfield	Texas	76063	 	6,700,000	 
	CREFI13.03	13.03	CREFI	Compass Self Storage - Leesburg	8125 County Road 44	Leesburg	Florida	34788	 	5,700,000	 
	GSMC14	14	GSMC	7800 Red Road	7800 Southwest 57th Avenue	South Miami	Florida	33143	6.35000%	20,000,000	20,000,000
	GACC15	15	GACC	NC Self Storage Portfolio	Various	Various	North Carolina	Various	5.31300%	16,900,000	16,900,000
	GACC15.01	15.01	GACC	30 Mount Gilead Church Road	30 Mount Gilead Church Road	Pittsboro	North Carolina	27312	 	9,311,146	 
	GACC15.02	15.02	GACC	1004 Greensboro Road	1000 and 1004 Greensboro Road	High Point	North Carolina	27260	 	7,588,854	 
	GACC16	16	GACC	Covington Center	17307 Southeast 272nd Street	Covington	Washington	98042	5.68500%	16,000,000	16,000,000
	GSMC17	17	GSMC	NMC Industrial Portfolio III	Various	Various	Various	Various	4.43000%	13,167,500	13,167,500
	GSMC17.01	17.01	GSMC	4001, 4161 & 4171 East 7th Avenue	4001, 4161 & 4171 East 7th Avenue	Tampa	Florida	33605	 	6,382,500	 
	GSMC17.02	17.02	GSMC	861 Finches Ferry Road	861 Finches Ferry Road	Eutaw	Alabama	35462	 	5,951,250	 
	GSMC17.03	17.03	GSMC	112 Walker Drive	112 Walker Drive	Springville	Alabama	35146	 	833,750	 
	GACC18	18	GACC	Paloma Village Center	6330-6370 North Campbell Avenue	Tucson	Arizona	85718	5.00000%	11,200,000	11,200,000
	JPMCB19	19	JPMCB	Embassy Suites Orlando North	225 Shorecrest Drive	Altamonte Springs	Florida	32701	5.81800%	10,600,000	10,600,000
	GACC20	20	GACC	The Reef	1933 South Broadway	Los Angeles	California	90007	5.42500%	10,000,000	10,000,000
	CREFI21	21	CREFI	South Park Business Center 	21-63 and 50-164 South Park Boulevard	Greenwood	Indiana	46143	6.07000%	8,470,000	8,470,000
	GSMC22	22	GSMC	Chantilly Self Storage	14151 Mariah Court	Chantilly	Virginia	20151	5.50400%	8,000,000	8,000,000
	GACC23	23	GACC	ABC Self Storage Portfolio	Various	Various	Michigan	Various	5.66000%	6,792,500	6,792,500
	GACC23.01	23.01	GACC	ABC Storage	600 Carson Road, 790 US Highway 41 and 19 US Highway 41 East	Ishpeming and Negaunee	Michigan	49849 and 49866	 	5,567,500	 
	GACC23.02	23.02	GACC	ABC Easy	1120 East State Highway M-35 and 295 South State Highway M553	Gwinn	Michigan	49841	 	1,225,000	 
	GACC24	24	GACC	Florida NNN Portfolio	Various	Various	Florida	Various	6.06400%	6,600,000	6,600,000
	GACC24.01	24.01	GACC	CVS - South Orange	12077 South Orange Blossom Trail	Orlando	Florida	32837	 	5,244,427	 
	GACC24.02	24.02	GACC	Dollar General - Mims	3685 Lionel Road	Mims	Florida	32754	 	1,355,573	 
	GSMC25	25	GSMC	Johns Hopkins University	7700 Montpelier Road	Laurel	Maryland	20723	5.71000%	6,190,000	6,190,000
	GACC26	26	GACC	Walgreens Coney Island Ave	2586 Coney Island Avenue	Brooklyn	New York	11230	5.63000%	6,050,000	6,050,000
	GACC27	27	GACC	Village at Thrashers	20804-20806 Bothell Everett Highway	Bothell	Washington	98021	6.04600%	5,800,000	5,800,000
	CREFI28	28	CREFI	Stonington Self Storage	30 Extrusion Drive	Stonington	Connecticut	06379	5.93000%	5,700,000	5,700,000
	GSMC29	29	GSMC	CIG Self Storage Portfolio	Various	Various	Utah	Various	6.15000%	4,290,000	4,290,000
	GSMC29.01	29.01	GSMC	West Valley	1656 Whitlock Avenue	West Valley City	Utah	84119	 	2,475,000	 
	GSMC29.02	29.02	GSMC	Layton	3207 North 750 East	Layton	Utah	84041	 	1,815,000	 
	GACC30	30	GACC	Absolute Self Storage	5656 Military Parkway	Dallas	Texas	75227	5.31900%	3,000,000	3,000,000
	GACC31	31	GACC	Wagner Ford Self Storage	2130 Wagner Ford Road	Dayton	Ohio	45414	5.43600%	2,270,000	2,270,000

 

    	 	 

     

    

BMARK
2022-B36 - Mortgage Loan Schedule

 

	 	 	 	 	 	 	 	 	 	Interest	 	 	 	 
	 	 	Mortgage Loan	 	Maturity Date	Due	Monthly	Monthly	Servicing	Accrual 	 Letter of  	Part of	Leasehold	Current Mezzanine
	ID	Loan Number	 Seller	Mortgage Loan Name	or ARD	Date 	Debt Service (P&I) ($)(1)	Debt Service (IO) ($)(1)	Fee Rate (%)	Method	 Credit 	Whole Loan	Interest	or Subordinate Debt
	CREFI/JPMCB1	1	CREFI/JPMCB	79 Fifth Avenue	5/6/2032	6	NAP	295,143.06	0.002500	Actual/360	No	Yes	Fee	No
	CREFI2	2	CREFI	Yorkshire & Lexington Towers	6/6/2027	6	NAP	169,522.22	0.002500	Actual/360	No	Yes	 	Yes
	CREFI2.01 	2.01	CREFI	Yorkshire Towers	 	 	 	 	 	 	 	 	Fee	 
	CREFI2.02	2.02	CREFI	Lexington Towers	 	 	 	 	 	 	 	 	Fee	 
	CREFI3	3	CREFI	39 Broadway 	8/6/2032	6	NAP	277,340.86	0.002500	Actual/360	No	Yes	Fee	No
	GACC4	4	GACC	935 & 953 Sycamore	8/6/2032	6	NAP	275,777.78	0.002500	Actual/360	No	No	Fee	No
	CREFI5	5	CREFI	JANAF Shopping Yard	7/6/2032	6	NAP	269,187.50	0.002500	Actual/360	No	No	Fee / Leasehold	No
	JPMCB6	6	JPMCB	One Campus Martius	7/1/2032	1	NAP	254,317.13	0.051250	Actual/360	No	Yes	Fee	No
	GSMC7	7	GSMC	Gateway Plaza	7/6/2027	6	NAP	200,107.87	0.022500	Actual/360	No	No	Leasehold	No
	GACC8	8	GACC	The Lion Building	7/6/2032	6	NAP	153,699.22	0.002500	Actual/360	No	Yes	Fee	No
	GSMC9	9	GSMC	NMC Industrial Portfolio I	7/6/2032	6	NAP	120,059.94	0.002500	Actual/360	No	No	 	No
	GSMC9.01	9.01	GSMC	2912 3rd Avenue North	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.02	9.02	GSMC	85 Sidney Phillips Drive	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.03	9.03	GSMC	2609 Clinton Avenue West	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.04	9.04	GSMC	1130 Lincoln Road	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.05	9.05	GSMC	3015 10th Avenue	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.06	9.06	GSMC	320 North 3rd Street	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.07	9.07	GSMC	458 Bic Road	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.08	9.08	GSMC	1732 Creighton Avenue Southeast	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.09	9.09	GSMC	437 South Noble Street	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.10	9.10	GSMC	4211 North Jackson Highway	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.11	9.11	GSMC	2609 Decatur Highway	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.12	9.12	GSMC	125 Hollywood Boulevard Northeast	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.13	9.13	GSMC	7 Armstrong Street Northwest	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.14	9.14	GSMC	1212 Webster Avenue	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.15	9.15	GSMC	4025 North Palafox Street	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.16	9.16	GSMC	2310 Frederick Road	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.17	9.17	GSMC	501 & 503 Railroad Avenue	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.18	9.18	GSMC	20762 Brinks Willis Road	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.19	9.19	GSMC	2201-C Highway 31 South	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.20	9.20	GSMC	1112 US Highway 31 South	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.21	9.21	GSMC	1916 11th Avenue North	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.22	9.22	GSMC	1715 Main Avenue Southwest	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.23	9.23	GSMC	9715 Milton Jones Road	 	 	 	 	 	 	 	 	Fee	 
	GSMC9.24	9.24	GSMC	710 Oakhill Road	 	 	 	 	 	 	 	 	Fee	 
	CREFI10	10	CREFI	Keylock Storage Portfolio II	8/6/2032	6	NAP	151,407.41	0.002500	Actual/360	No	No	 	No
	CREFI10.01	10.01	CREFI	Keylock Storage - Middleton	 	 	 	 	 	 	 	 	Fee	 
	CREFI10.02	10.02	CREFI	Keylock Storage - Hayden	 	 	 	 	 	 	 	 	Fee	 
	CREFI10.03	10.03	CREFI	Keylock Storage - Apple	 	 	 	 	 	 	 	 	Fee	 
	CREFI10.04	10.04	CREFI	Keylock Storage - Nampa	 	 	 	 	 	 	 	 	Fee	 
	CREFI10.05	10.05	CREFI	Keylock Storage - Pasco	 	 	 	 	 	 	 	 	Fee	 
	GSMC11	11	GSMC	NMC Industrial Portfolio II	7/6/2032	6	NAP	111,204.60	0.002500	Actual/360	No	No	 	No
	GSMC11.01	11.01	GSMC	1919 Superior Street	 	 	 	 	 	 	 	 	Fee	 
	GSMC11.02	11.02	GSMC	11170 Green Valley Drive	 	 	 	 	 	 	 	 	Fee	 
	GSMC11.03	11.03	GSMC	2030 Old Candler Road	 	 	 	 	 	 	 	 	Fee / Leasehold	 
	JPMCB12	12	JPMCB	Lincoln Place	6/5/2032	5	NAP	122,126.72	0.002500	Actual/360	No	No	Fee	No
	CREFI13	13	CREFI	Amsdell Southern Storage Portfolio	8/6/2032	6	NAP	108,807.18	0.002500	Actual/360	No	No	 	No
	CREFI13.01	13.01	CREFI	Compass Self Storage - Fate	 	 	 	 	 	 	 	 	Fee	 
	CREFI13.02	13.02	CREFI	Compass Self Storage - Mansfield	 	 	 	 	 	 	 	 	Fee	 
	CREFI13.03	13.03	CREFI	Compass Self Storage - Leesburg	 	 	 	 	 	 	 	 	Fee	 
	GSMC14	14	GSMC	7800 Red Road	7/6/2032	6	NAP	107,303.24	0.002500	Actual/360	No	No	Fee	No
	GACC15	15	GACC	NC Self Storage Portfolio	7/6/2032	6	NAP	75,863.98	0.002500	Actual/360	No	No	 	No
	GACC15.01	15.01	GACC	30 Mount Gilead Church Road	 	 	 	 	 	 	 	 	Fee	 
	GACC15.02	15.02	GACC	1004 Greensboro Road	 	 	 	 	 	 	 	 	Fee	 
	GACC16	16	GACC	Covington Center	5/6/2032	6	NAP	76,852.78	0.002500	Actual/360	No	No	Fee	No
	GSMC17	17	GSMC	NMC Industrial Portfolio III	6/6/2032	6	NAP	49,285.16	0.002500	Actual/360	No	No	 	No
	GSMC17.01	17.01	GSMC	4001, 4161 & 4171 East 7th Avenue	 	 	 	 	 	 	 	 	Fee	 
	GSMC17.02	17.02	GSMC	861 Finches Ferry Road	 	 	 	 	 	 	 	 	Fee	 
	GSMC17.03	17.03	GSMC	112 Walker Drive	 	 	 	 	 	 	 	 	Fee	 
	GACC18	18	GACC	Paloma Village Center	7/6/2032	6	NAP	47,314.81	0.002500	Actual/360	No	No	Fee	No
	JPMCB19	19	JPMCB	Embassy Suites Orlando North	7/1/2032	1	74,832.94	52,106.12	0.002500	Actual/360	No	No	Fee	No
	GACC20	20	GACC	The Reef	5/6/2032	6	NAP	45,836.23	0.002500	Actual/360	No	Yes	Fee	No
	CREFI21	21	CREFI	South Park Business Center 	8/6/2032	6	51,163.74	43,439.14	0.002500	Actual/360	No	No	Fee	No
	GSMC22	22	GSMC	Chantilly Self Storage	8/6/2032	6	NAP	37,202.96	0.002500	Actual/360	No	No	Fee	No
	GACC23	23	GACC	ABC Self Storage Portfolio	7/6/2032	6	NAP	32,482.93	0.002500	Actual/360	No	No	 	No
	GACC23.01	23.01	GACC	ABC Storage	 	 	 	 	 	 	 	 	Fee	 
	GACC23.02	23.02	GACC	ABC Easy	 	 	 	 	 	 	 	 	Fee	 
	GACC24	24	GACC	Florida NNN Portfolio	6/6/2027	6	NAP	33,815.22	0.002500	Actual/360	No	No	 	No
	GACC24.01	24.01	GACC	CVS - South Orange	 	 	 	 	 	 	 	 	Fee	 
	GACC24.02	24.02	GACC	Dollar General - Mims	 	 	 	 	 	 	 	 	Fee	 
	GSMC25	25	GSMC	Johns Hopkins University	8/6/2032	6	NAP	29,863.17	0.042500	Actual/360	No	No	Fee	No
	GACC26	26	GACC	Walgreens Coney Island Ave	7/6/2032	6	NAP	28,778.81	0.002500	Actual/360	No	No	Fee	No
	GACC27	27	GACC	Village at Thrashers	7/6/2032	6	NAP	29,628.20	0.002500	Actual/360	No	No	Fee	No
	CREFI28	28	CREFI	Stonington Self Storage	8/6/2032	6	NAP	28,558.72	0.002500	Actual/360	No	No	Fee	No
	GSMC29	29	GSMC	CIG Self Storage Portfolio	8/6/2032	6	NAP	22,291.61	0.002500	Actual/360	No	No	 	No
	GSMC29.01	29.01	GSMC	West Valley	 	 	 	 	 	 	 	 	Fee	 
	GSMC29.02	29.02	GSMC	Layton	 	 	 	 	 	 	 	 	Fee	 
	GACC30	30	GACC	Absolute Self Storage	6/6/2032	6	NAP	13,482.19	0.002500	Actual/360	No	No	Fee	No
	GACC31	31	GACC	Wagner Ford Self Storage	6/6/2032	6	NAP	10,425.92	0.002500	Actual/360	No	No	Fee	No

 

    	 	 

     

    

 

EXHIBIT C

FORM OF INVESTMENT REPRESENTATION LETTER

 

Computershare Trust Company, National
Association

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

J.P. Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

		Re:	Transfer of Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36

Ladies and Gentlemen:

This letter is delivered
pursuant to Section 5.03 of the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator,
Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, on behalf of the holders of Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36
(the “Certificates”) and the RR Interest Owner in connection with the transfer by _________________ (the “Seller”)
to the undersigned (the “Purchaser”) of $_______________ aggregate Certificate Balance of Class ___ Certificates
(the “Certificate”). Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed
to such terms in the Pooling and Servicing Agreement.

In connection with such transfer,
the Purchaser hereby represents and warrants to you and the addressees hereof as follows:

1.       Check
one of the following:*

		☐	The Purchaser is not purchasing a Class R Certificate and the Purchaser is an institution that is
an “accredited investor” (an “Institutional Accredited Investor”) within the meaning of Rule 501(a)(1),
(2), (3) or (7) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) or any entity in
which

 

*    Purchaser must include one of the following two
certifications.

    	 	Exhibit C-1	 

    

    

all of the equity owners come within such
paragraphs and has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks
of its investment in the Certificates, and the Purchaser and any accounts for which it is acting are each able to bear the economic risk
of the Purchaser’s or such account’s investment. The Purchaser is acquiring the Certificates purchased by it for its own account
or for one or more accounts, each of which is an Institutional Accredited Investor, as to each of which the Purchaser exercises sole investment
discretion. The Purchaser hereby undertakes to reimburse the Trust Fund for any costs incurred by it in connection with this transfer.

		☐	The Purchaser is a “qualified institutional buyer” (a “QIB”) within the
meaning of Rule 144A (“Rule 144A”) under the Securities Act. The Purchaser is aware that the transfer is being made
in reliance on Rule 144A, and the Purchaser has had the opportunity to obtain the information required to be provided pursuant to
paragraph (d)(4)(i) of Rule 144A.

2.       The
Purchaser’s intention is to acquire the Certificate (a) for investment for the Purchaser’s own account or (b) for
reoffer, resale, pledge or other transfer (i) to QIBs in transactions under Rule 144A, and not in any event with the view to, or
for resale in connection with, any distribution thereof, or (ii) to Institutional Accredited Investors, subject in the case of clause (ii) above
to (w) the receipt by the Certificate Registrar of a letter substantially in the form hereof, (x) the receipt by the Certificate
Registrar of an opinion of counsel acceptable to the Trustee and Certificate Registrar that such reoffer, resale, pledge or transfer is
in compliance with the Securities Act, (y) the receipt by the Certificate Registrar of such other evidence acceptable to the Certificate
Registrar that such reoffer, resale, pledge or transfer is in compliance with the Securities Act and other applicable laws and (z) a
written undertaking to reimburse the Trust Fund for any costs incurred by it in connection with the proposed transfer. The Purchaser understands
that the Certificate (and any subsequent Certificate) has not been registered under the Securities Act, by reason of a specified exemption
from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the Purchaser’s
investment intent (or intent to reoffer, resell, pledge or transfer the Certificate only to certain investors in certain exempted transactions)
as expressed herein.

3.       The
Purchaser has reviewed the Preliminary Prospectus and the Prospectus relating to the Registered Certificates (collectively, the “Prospectus”)
(and, with respect to the Non-Registered Certificates, the Preliminary Private Placement Memorandum and the Final Private Placement Memorandum
related to such Non-Registered Certificates) and the agreements and other materials referred to therein and has had the opportunity to
ask questions and receive answers concerning the terms and conditions of the transactions contemplated by the Prospectus.

4.       The
Purchaser acknowledges that the Certificate (and any Certificate issued on transfer or exchange thereof) has not been registered or qualified
under the Securities Act or the securities laws of any State or any other jurisdiction, and that the Certificate cannot be reoffered,
resold, pledged or otherwise transferred unless it is registered or qualified thereunder or unless an exemption from such registration
or qualification is available.

    	 	Exhibit C-2	 

    

    

5.       The
Purchaser hereby undertakes to be bound by the terms and conditions of the Pooling and Servicing Agreement in its capacity as an owner
of a Certificate or Certificates, as the case may be (each, a “Certificateholder”), in all respects as if it were a
signatory thereto. This undertaking is made for the benefit of the Trust, the Certificate Registrar and all Certificateholders present
and future.

6.       The
Purchaser will not sell or otherwise transfer any portion of the Certificate or Certificates, except in compliance with Section 5.03
of the Pooling and Servicing Agreement.

7.       Check
one of the following:**

		☐	The Purchaser is a U.S. Tax Person (as defined below) and it has attached hereto an Internal Revenue Service
(“IRS”) Form W-9 (or successor form).

		☐	The Purchaser is not a U.S. Tax Person and under applicable law in effect on the date hereof, no taxes
will be required to be withheld by the Certificate Registrar (or its agent) with respect to distributions to be made on the Certificate.
The Purchaser has attached hereto [(i) a duly executed IRS Form W-8BEN or IRS Form W-8BEN-E (or successor form, as applicable),
which identifies such Purchaser as the beneficial owner of the Certificate and states that such Purchaser is not a U.S. Tax Person, (ii)
IRS Form W-8IMY (with all appropriate attachments) or (iii)]*** two
duly executed copies of IRS Form W-8ECI (or successor form), which identify such Purchaser as the beneficial owner of the Certificate
and state that interest and original issue discount on the Certificate and Permitted Investments is, or is expected to be, effectively
connected with a U.S. trade or business. The Purchaser agrees to provide to the Certificate Registrar updated [IRS Form W-8BEN, IRS
Form W-8BEN-E, IRS Form W-8IMY or]*** IRS Form W-8ECI, [as the case may be,]*** any applicable successor IRS forms, or such other
certifications as the Certificate Registrar may reasonably request, on or before the date that any such IRS form or certification expires
or becomes obsolete, or promptly after the occurrence of any event requiring a change in the most recent IRS form of certification furnished
by it to the Certificate Registrar.

For purposes of this paragraph 7, “U.S.
Tax Person” means a citizen or resident of the United States, a corporation or partnership (except to the extent provided in
applicable Treasury Regulations) or other entity created or organized in, or under the laws of, the United States, any State thereof or
the District of Columbia, including any entity treated as a corporation or partnership for federal income tax purposes, an estate whose
income is subject to United States federal income tax regardless of its source or a trust if a court within the United States is able
to exercise primary supervision over the administration of such trust, and one or more such U.S. Tax Persons have the authority to control
all substantial decisions of such trust (or, to the extent

 

** Each
Purchaser must include one of the two alternative certifications.

***
Does not apply to a transfer of Class R Certificates.

    	 	Exhibit C-3	 

    

    

provided in applicable Treasury Regulations,
certain trusts in existence on August 20, 1996 that have elected to be treated as U.S. Tax Persons).

8.       Please
make all payments due on the Certificates:****

☐              (a)      by
wire transfer to the following account at a bank or entity in New York, New York, having appropriate facilities therefor:

	 	Bank:		 

	 	ABA #:	 	 

		Account #:	 	

	 	Attention:	 	 

☐             (b)     by
mailing a check or draft to the following address:

	 	 	 
	 	 	 
	 	 	 
	 	 	 	 

9.       If
the Purchaser is purchasing a Class R Certificate, the Purchaser is not a partnership (including any entity treated as a partnership
for U.S. federal income tax purposes), any interest in which is owned, directly or indirectly, through one or more partnerships, trusts
or other pass-through entities by a Disqualified Non-U.S. Tax Person.

	 	 
	 	 
	 	Very truly yours,
	 	 	 
	 	 
	 	 	[The Purchaser]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Dated:

 

****
  Only to be filled out by Purchasers of Definitive Certificates. Please select (a) or (b). For holders of the Definitive Certificates,
wire transfers are only available if such holder’s Definitive Certificates have an aggregate Certificate Balance or Notional Amount,
as applicable, of at least U.S. $5,000,000.

 

    	 	Exhibit C-4	 

    

    

EXHIBIT D-1

Form
of Transferee Affidavit

[Date]

 

Computershare Trust Company, National
Association

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

		Re:	Benchmark 2022-B36 Mortgage Trust Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 (the “Certificates”) issued pursuant
to the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), dated as of August 1, 2022, between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.

	STATE OF 	)	 
	 	)           	ss.:
	COUNTY OF                  	) 	 

I, [______], under penalties
of perjury, declare that, to the best of my knowledge and belief, the following representations are true, correct and complete, and being
first sworn, depose and say that:

1.       I
am a [______] of [______] (the “Purchaser”), on behalf
of which I have the authority to make this affidavit.

2.       The
Purchaser is acquiring Class R Certificates representing [__]% of the residual interest in each of the real estate mortgage investment
conduits (each, a “REMIC” or “Trust REMIC”)
designated as the (i)  “Lower-Tier REMIC”
and (ii) “Upper-Tier REMIC”, respectively, relating
to the Certificates for which an election is to be made under Section 860D of the Internal Revenue Code of 1986 (the “Code”).

3.       The
Purchaser is not a “Disqualified Organization” (as
defined below), and that the Purchaser is not acquiring the Class R Certificates for the account of, or as agent or nominee of, or with
a view to the transfer of direct or indirect record or beneficial ownership thereof, to a Disqualified Organization. For the purposes
hereof, a Disqualified Organization is any of the following: (i) the United States, any State or political subdivision thereof, any
possession of the United States or any agency or instrumentality of any of the foregoing (other than an instrumentality which is a corporation
if all of its activities are subject to tax and, except

    	 	Exhibit D-1-1	 

    

    

for Freddie Mac, a majority of its board of
directors is not selected by such governmental unit), (ii) a foreign government, any international organization or any agency or
instrumentality of any of the foregoing, (iii) any organization which is exempt from the tax imposed by Chapter 1 of the Code (including
the tax imposed by Section 511 of the Code on unrelated business taxable income) on any excess inclusions (as defined in Section 860E(c)(1)
of the Code) with respect to the Class R Certificates (except certain farmers’ cooperatives described in Section 521 of the
Code), (iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code and (v) any other
Person so designated by the Trustee or the Certificate Administrator based upon an Opinion of Counsel as provided to the Trustee or the
Certificate Administrator (at no expense to the Trustee or the Certificate Administrator) that the holding of an Ownership Interest in
a Class R Certificate by such Person may cause any Trust REMIC to fail to qualify as a REMIC at any time that the Certificates are outstanding
or any Person having an Ownership Interest in any Class of Certificates (other than such Person) to incur a liability for any federal
tax imposed under the Code that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Class R Certificate
to such Person. The terms “United States,” “State” and “international organization” shall have the
meanings set forth in Section 7701 of the Code or successor provisions.

4.       The
Purchaser acknowledges that Section 860E(e) of the Code would impose a substantial tax on the transferor or, in certain circumstances,
on an agent for the transferee, with respect to any transfer of any interest in any Class R Certificates to a Disqualified Organization.

5.       The
Purchaser is a Permitted Transferee and, to the extent applicable, the Purchaser’s U.S. taxpayer identification number is [__________].

6.       No
purpose of the acquisition of the Class R Certificates is to impede the assessment or collection of tax.

7.       The
Purchaser will not cause income from the Class R Certificate to be attributable to a foreign permanent establishment or fixed base, within
the meaning of an applicable income tax treaty, of the Purchaser or any other person.

8.       Check
the applicable paragraph:

☐        The present value
of the anticipated tax liabilities associated with holding the Class R Certificate, as applicable, does not exceed the sum of:

(i)       the
present value of any consideration given to the Purchaser to acquire such Class R Certificate;

(ii)      the
present value of the expected future distributions on such Class R Certificate; and

(iii)     the
present value of the anticipated tax savings associated with holding such Class R Certificate as the related REMIC generates losses.

    	 	Exhibit D-1-2	 

    

    

For purposes of this calculation,
(i) the Purchaser is assumed to pay tax at the corporate income tax rate (but the tax rate in Section 55(b)(1)(B) of the
Code may be used instead if the Purchaser has been subject to the alternative minimum tax under Section 55 of the Code in the preceding
two years and will compute its taxable income in the current taxable year using the alternative minimum tax rate) and (ii) present
values are computed using a discount rate equal to the short-term Federal rate prescribed by Section 1274(d) of the Code for
the month of the transfer and the compounding period used by the Purchaser.

☐       The transfer
of the Class R Certificate complies with U.S. Treasury Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly,

(i)       the
Purchaser is an “eligible corporation,” as defined in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i), as to
which income from the Class R Certificate will only be taxed in the United States;

(ii)      at
the time of the transfer, and at the close of the Purchaser’s two fiscal years preceding the year of the transfer, the Purchaser
had gross assets for financial reporting purposes (excluding any obligation of a person related to the Purchaser within the meaning of
U.S. Treasury Regulations Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets in excess of $10 million;

(iii)     the
Purchaser will transfer the Class R Certificate only to another “eligible corporation,” as defined in Treasury Regulations
Section 1.860E-1(c)(6)(i), in a transaction that satisfies the requirements of Sections 1.860E-1(c)(4)(i), (ii) and (iii) and
Treasury Regulations Section 1.860E-1(c)(5); and

(iv)      the
Purchaser determined the consideration paid to it to acquire the Class R Certificate based on reasonable market assumptions (including,
but not limited to, borrowing and investment rates, prepayment and loss assumptions, expense and reinvestment assumptions, tax rates and
other factors specific to the Purchaser) that it has determined in good faith.

☐       None of the above.

9.       The
Purchaser historically has paid its debts as they have come due and intends to pay its debts as they come due in the future and the Purchaser
intends to pay taxes associated with holding the Class R Certificates as they become due.

10.       The
Purchaser understands that it may incur tax liabilities with respect to the Class R Certificate in excess of any cash flows generated
by such Certificate.

11.       The
Purchaser is aware that the Certificate Registrar will not register any transfer of a Class R Certificate by the Transferor unless the
Purchaser, or such Purchaser’s agent, delivers to the Certificate Registrar, among other things, an affidavit and agreement in substantially
the same form as this affidavit and agreement. The Purchaser expressly agrees that it will not consummate any such transfer if it knows
or believes that any representation contained in such affidavit and agreement is false.

    	 	Exhibit D-1-3	 

    

    

12.     The
Purchaser represents that it is not acquiring the Class R Certificate as a nominee, trustee or agent for any person that is not a Permitted
Transferee and that for so long as it retains its interest in the Class R Certificate, it will endeavor to remain a Permitted Transferee.

13.     The
Purchaser consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel to constitute
a reasonable arrangement to ensure that the Class R Certificate will only be owned, directly or indirectly, by a Permitted Transferee.

14.     The
Purchaser has reviewed the provisions of Section 5.03 of the Pooling and Servicing Agreement, a description of which provisions is
set forth in the Class R Certificates; and the Purchaser expressly agrees to be bound by and to comply with such provisions.

15.     The
Purchaser consents to the designation of the Certificate Administrator as the “partnership representative” of each Trust REMIC
pursuant to Section 10.01 of the Pooling and Servicing Agreement.

Capitalized terms used but
not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

IN WITNESS WHEREOF, the
Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized officer this ___day of _________, 20__.

 

	 	By:	
	 		Name:
	 		Title:
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

 

    	 	Exhibit D-1-4	 

    

    

On this ____ day of _______20__,
before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned and sworn, personally appeared
______________________ and ________________________, known or proved to me to be the same persons who executed the foregoing instrument
and to be _____________________________ and ___________________________, respectively, of the Purchaser, and acknowledged to me that
they executed the same as their respective free acts and deeds and as the free act and deed of the Purchaser.

	 	 	 
	 	 	 
		 	 
		 	NOTARY PUBLIC in and for the
		 	State of                                 
	[SEAL]	 	 	 
	 	 	 	 
	My Commission expires:	 	 	 
				
	 	 	 	 
	 	 	 	 
	                               	 	 	 

 

    	 	Exhibit D-1-5	 

    

    

EXHIBIT D-2

FORM OF TRANSFEROR LETTER

[Date]

 

Computershare Trust Company, National
Association

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

 

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 (the “Certificates”)

Ladies and Gentlemen:

This letter is delivered
to you in connection with the transfer by [______] (the “Transferor”)
to [______] (the “Transferee”) of Class R Certificates
evidencing a [__]% Percentage Interest in such Class (the “Residual
Certificates”). The Certificates, including the Residual Certificates, were issued pursuant to the Pooling and Servicing
Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator,
Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer. All capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in the Pooling and
Servicing Agreement. The Transferor hereby certifies, represents and warrants to you, as Certificate Registrar, that:

(1)      No
purpose of the Transferor relating to the transfer of the Residual Certificates by the Transferor to the Transferee is or will be to impede
the assessment or collection of any tax.

(2)      The
Transferor understands that the Transferee has delivered to you a Transferee Affidavit and Agreement in the form attached to the Pooling
and Servicing Agreement as Exhibit D-1. The Transferor does not know or believe that any representation contained therein is false.

(3)      The
Transferor has at the time of this transfer conducted a reasonable investigation of the financial condition of the Transferee as contemplated
by Treasury regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Transferor has determined that
the Transferee has historically paid its debts as they became due and has found no significant evidence to indicate that the Transferee
will not continue to pay its debts as they become due in the future. The Transferor understands that the transfer of the Residual Certificates
may not be respected for United States income tax purposes (and the Transferor may continue to be liable

    	 	Exhibit D-2-1	 

    

    

for United States income taxes associated
therewith) unless the Transferor has conducted such an investigation.

	 	 
	 	 
	 	Very truly yours,
	 	 	 
	 	 	(Transferor)
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

 

    	 	Exhibit D-2-2	 

    

    

EXHIBIT
D-3

Form
of Transferee CERTIFICATE FOR TRANSFERS

OF THE CLASS RR CERTIFICATES

[Date]

 

Computershare Trust Company, National Association

   as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody – Benchmark 2022-B36

 

JPMorgan Chase Bank, National Association

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

 

J.P. Morgan Chase Commercial Mortgage
Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 (the “Certificates”) issued pursuant to the Pooling and Servicing Agreement (the “Pooling
and Servicing Agreement”), dated as of August 1, 2022, between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor,
Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company,
National Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services
LLC, as Operating Advisor and as Asset Representations Reviewer

[_____] (the “Purchaser”)
hereby certifies, represents and warrants to you, as Certificate Registrar, as “retaining sponsor” as such term is defined
in the Risk Retention Rule or as Depositor that:

		1.	The Purchaser is acquiring $[_____] Certificate Balance of the Class RR Certificates (the “Retained
Certificates”), from [_____] (the “Transferor”).

		2.	The Purchaser is aware that the Certificate Registrar will not register any transfer of a Retained Certificate
by the Transferor unless the Purchaser, or such Purchaser’s agent, delivers to the Certificate Registrar, among other things, a
certificate in substantially the same form as this certificate. The Purchaser expressly agrees that it will not

    	 	Exhibit D-3-1	 

    

    

consummate any such transfer if it knows
or believes that any representation contained in such certificate is false.

		3.	Any transfer of a Retained Certificate to an insurance company general account relying on Sections I and
III of PTCE 95-60 will be effected through J.P. Morgan Securities LLC, Deutsche Bank Securities, Inc., Citigroup Global Markets Inc.,
Goldman Sachs & Co. LLC, Drexel Hamilton, LLC or Academy Securities, Inc.

		4.	Check one of the following:

☐       The
Purchaser certifies, represents and warrants to the Certificate Registrar, the “retaining sponsor” as such term is defined
in the Risk Retention Rule or the Depositor that the transfer will occur during the Transfer Restriction Period and that the transfer
will comply with all applicable requirements of the Risk Retention Rule.

☐       The
Purchaser certifies, represents and warrants to you, as Certificate Registrar, as “retaining sponsor” as such term is defined
in the Risk Retention Rule or as Depositor, that the transfer will occur after the termination of the Transfer Restriction Period.

Capitalized terms used but
not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

IN WITNESS WHEREOF,
the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this [__] day of [____],
20[__].

 

	 	By:	
	 		Name:
	 		Title:

 

 

The foregoing certificate
is hereby confirmed, and the transfer is accepted, as of the date first above written:

	 	 	 
	 	 	 
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION	 	 
	 	 	 	 
	 	 	 	 
	By:		 	
	 	Name:	 	 
	 	Title:	 	 

 

    	 	Exhibit D-3-2	 

    

    

EXHIBIT
D-4

FORM OF TRANSFEROR CERTIFICATE FOR TRANSFERS

OF THE CLASS RR CERTIFICATES

[Date]

 

Computershare Trust Company, National Association

   as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody – Benchmark 2022-B36

 

JPMorgan Chase Bank, National Association

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

 

J.P. Morgan Chase Commercial Mortgage
Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 (the “Certificates”)

Ladies and Gentlemen:

This is delivered to you
in connection with the transfer by [______] (the “Transferor”)
to [______] (the “Transferee”) of $[_____] Certificate
Balance of the Class RR Certificates (the “Retained Certificates”). The Certificates were issued pursuant to the Pooling
and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and
Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association,
as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor
and as Asset Representations Reviewer. All capitalized terms used but not otherwise defined herein shall have the respective meanings
set forth in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you that:

		1.	The transfer is in compliance with Sections 5.01, 5.02 and 5.03 of the Pooling and Servicing Agreement.

		2.	Any transfer of a Certificate evidencing a Retained Certificate to an insurance company general account
relying on Sections I and III of PTCE 95-60 will be effected through J.P.

 

    	 	Exhibit D-4-1	 

    

    

Morgan Securities LLC, Deutsche Bank
Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Drexel Hamilton, LLC or Academy Securities, Inc.

		3.	Check one of the following:

		☐	The Transferor certifies, represents and warrants to the Certificate Registrar, the “retaining sponsor”
as such term is defined in the Risk Retention Rule or the Depositor that the transfer will occur during the Transfer Restriction Period
and that the transfer will comply with all applicable requirements of the Risk Retention Rule.

		☐	The Transferor certifies, represents and warrants to the Certificate Registrar or the Depositor that the
transfer will occur after the termination of the Transfer Restriction Period.

		4.	The Transferor understands that the Transferee has delivered to you a Transferee Certificate in the form
attached to the Pooling and Servicing Agreement as Exhibit D-3. The Transferor does not know or believe that any representation
contained therein is false.

IN WITNESS WHEREOF, the
Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this [__] day of [____],
20[__].

	 	 
	 	 
	 	 	[TRANSFEROR]
	 	 	 
	 	By:	
	 		Name:
	 		Title:

The foregoing certificate
is hereby confirmed, and the transfer is accepted, as of the date first above written:

	 	 	 
	 	 	 
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION	 	 
	 	 	 	 
	 	 	 	 
	By:		 	
	 	Name:	 	 
	 	Title:	 	 

    	 	Exhibit D-4-2	 

    

    

EXHIBIT
D-5

Form
of Transferee CERTIFICATE FOR TRANSFERS

OF THE RR INTEREST

[Date]

 

Computershare Trust Company, National Association

as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody – Benchmark 2022-B36

 

JPMorgan Chase Bank, National Association

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

 

J.P. Morgan Chase Commercial Mortgage
Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 (the “Certificates”) issued pursuant to the Pooling and Servicing Agreement (the “Pooling
and Servicing Agreement”), dated as of August 1, 2022, between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor,
Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company,
National Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services
LLC, as Operating Advisor and as Asset Representations Reviewer

[_____] (the “Purchaser”)
hereby certifies, represents and warrants to you, as Certificate Registrar, as “retaining sponsor” as such term is defined
in the Risk Retention Rule or as Depositor that:

		5.	The Purchaser is acquiring $[_____] RR Interest Balance of the RR Interest (the “Retained Interest”),
from [_____] (the “Transferor”).

		6.	The Purchaser is aware that the Certificate Registrar will not register any transfer of a Retained Interest
by the Transferor unless the Purchaser, or such Purchaser’s agent, delivers to the Certificate Registrar, among other things, a
certificate in substantially the same form as this certificate. The Purchaser expressly agrees that it will not

    	 	Exhibit D-5-1	 

    

    

consummate any such transfer if it knows
or believes that any representation contained in such certificate is false.

		7.	The Purchaser is not and will not become (a) an employee benefit plan or other plan subject to the fiduciary
responsibility provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”),
or to Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”),
or a governmental plan (as defined in Section 3(32) of ERISA) or other plan subject to any federal, state or local law (“Similar
Law”) which is, to a material extent, similar to the foregoing provisions of ERISA or the Code (each, a “Plan”)
or (b) any person acting on behalf of or using the assets of any such Plan (including an entity whose underlying assets include Plan assets
by reason of investment in the entity by such a Plan or Plans and the application of Department of Labor Regulation § 2510.3-101,
as modified by Section 3(42) of ERISA).

		8.	Check one of the following:

☐       The
Purchaser certifies, represents and warrants to the Certificate Registrar, the “retaining sponsor” as such term is defined
in the Risk Retention Rule or the Depositor that the transfer will occur during the Transfer Restriction Period and that the transfer
will comply with all applicable requirements of the Risk Retention Rule.

☐       The
Purchaser certifies, represents and warrants to you, as Certificate Registrar, as “retaining sponsor” as such term is defined
in the Risk Retention Rule or as Depositor, that the transfer will occur after the termination of the Transfer Restriction Period.

Capitalized terms used but
not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

IN WITNESS WHEREOF, the
Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this [__] day of [____],
20[__].

	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

 

The foregoing certificate
is hereby confirmed, and the transfer is accepted, as of the date first above written:

	 	 	 
	 	 	 
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION	 	 
	 	 	 	 
	 	 	 	 
	By:		 	
	 	Name:	 	 

 

    	 	Exhibit D-5-2	 

    

    

 

	        	Title:	 	 

    	 	Exhibit D-5-3	 

    

    

EXHIBIT
D-6

FORM OF TRANSFEROR CERTIFICATE FOR TRANSFERS

OF THE RR INTEREST

[Date]

 

Computershare Trust Company, National Association

   as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody – Benchmark 2022-B36

 

JPMorgan Chase Bank, National Association

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

 

J.P. Morgan Chase Commercial Mortgage
Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Kunal K. Singh

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 (the “Certificates”)

Ladies and Gentlemen:

This is delivered to you
in connection with the transfer by [______] (the “Transferor”)
to [______] (the “Transferee”) of $[_____] RR Interest
Balance of the RR Interest (the “Retained Interest”). The Certificates were issued and the RR Interest was created
pursuant to the Pooling and Servicing Agreement, dated as of August 1, 2022 (the “Pooling
and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National
Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as
Operating Advisor and as Asset Representations Reviewer. All capitalized terms used but not otherwise defined herein shall have the respective
meanings set forth in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you that:

		9.	The transfer is in compliance with Sections 5.01, 5.02 and 5.03 of the Pooling and Servicing Agreement.

		10.	The Purchaser is not and will not become (a) an employee benefit plan or other plan subject to the fiduciary
responsibility provisions of the Employee Retirement Income

    	 	Exhibit D-6-1	 

    

    

Security Act of 1974, as amended (“ERISA”),
or to Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”),
or a governmental plan (as defined in Section 3(32) of ERISA) or other plan subject to any federal, state or local law (“Similar
Law”) which is, to a material extent, similar to the foregoing provisions of ERISA or the Code (each, a “Plan”)
or (b) any person acting on behalf of or using the assets of any such Plan (including an entity whose underlying assets include Plan assets
by reason of investment in the entity by such a Plan or Plans and the application of Department of Labor Regulation § 2510.3-101,
as modified by Section 3(42) of ERISA).

		11.	Check one of the following:

		☐	The Transferor certifies, represents and warrants to the Certificate Registrar, the “retaining sponsor”
as such term is defined in the Risk Retention Rule or the Depositor that the transfer will occur during the Transfer Restriction Period
and that the transfer will comply with all applicable requirements of the Risk Retention Rule.

		☐	The Transferor certifies, represents and warrants to the Certificate Registrar or the Depositor that the
transfer will occur after the termination of the Transfer Restriction Period.

		12.	The Transferor understands that the Transferee has delivered to you a Transferee Certificate in the form
attached to the Pooling and Servicing Agreement as Exhibit D-3. The Transferor does not know or believe that any representation
contained therein is false.

IN WITNESS WHEREOF, the
Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this [__] day of [____],
20[__].

	 	 
	 	 
	 	 	[TRANSFEROR]
	 	 	 
	 	By:	
	 		Name:
	 		Title:

The foregoing certificate
is hereby confirmed, and the transfer is accepted, as of the date first above written:

	 	 	 
	 	 	 
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION	 	 
	 	 	 	 
	 	 	 	 
	By:		 	

 

    	 	Exhibit D-6-2	 

    

    

 

	       	Name:	 	 
	 	Title:	 	 

    	 	Exhibit D-6-3	 

    

    

 

EXHIBIT E

FORM OF REQUEST FOR RELEASE

(for Custodian)

	Loan Information
	 	Name of Mortgagor:	

	 	[Master 	

	 	Servicer][Special 	 
	 	Servicer] Loan No.:	 
	Custodian
	 	Name:	Computershare Trust Company, National Association
	 	Address:	1055 10th Ave SE

Minneapolis, Minnesota 55414

Attn: Document Custody Group: Benchmark 2022-B36
	 	Custodian/Trustee

 Mortgage File No.:	

	Depositor
	 	Name:	J.P. Morgan Chase Commercial Mortgage Securities Corp.
	 	Address:	
    383 Madison Avenue, 8th Floor,
    New York, New York 10179, Attention: Kunal K. Singh

    

    

	 	Certificates:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36

The undersigned [Master Servicer][Special
Servicer] hereby requests delivery from Computershare Trust Company, National Association, as custodian (the “Custodian”)
on behalf of Wilmington Trust, National Association, as trustee (the “Trustee”), for the Holders of Benchmark 2022-B36
Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36 and the RR Interest Owner, the documents referred to below
(the “Documents”). All capitalized terms not otherwise defined in this Request for Release shall have the meanings
given them in the Pooling and Servicing Agreement dated as of August 1, 2022, between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer,
Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National

    	 	Exhibit E-1-1	 

    

    

Association, as Trustee, and Park Bridge Lender
Services LLC, as Operating Advisor and as Asset Representations Reviewer (the “Pooling and Servicing Agreement”).

	 	( )	 	 
	 	 	 	 
	 	( )	 	 
	 	 	 	 
	 	( )	 	 
	 	 	 	 
	 	( )	 	 

The undersigned [Master Servicer][Special
Servicer] hereby acknowledges and agrees as follows:

(1)      The
[Master Servicer][Special Servicer] shall hold and retain possession of the Documents in trust for the benefit of the Trustee, solely
for the purposes provided in the Pooling and Servicing Agreement.

(2)      The
[Master Servicer][Special Servicer] shall not cause or permit the Documents to become subject to, or encumbered by, any claims, liens,
security interests, charges, writs of attachment or other impositions nor shall the [Master Servicer][Special Servicer]assert or seek
to assert any claims or rights of set-off to or against the Documents or any proceeds thereof except as otherwise provided in the Pooling
and Servicing Agreement.

(3)      The
[Master Servicer][Special Servicer] shall return the Documents to the Custodian when the need therefor no longer exists, unless the Mortgage
Loans have been liquidated or the Mortgage Loans have been paid in full and the proceeds thereof have been remitted to the Collection
Account except as expressly provided in the Pooling and Servicing Agreement.

(4)      The
Documents and any proceeds thereof, including proceeds of proceeds, coming into the possession or control of the [Master Servicer][Special
Servicer] shall at all times be earmarked for the account of the Trustee, and the [Master Servicer][Special Servicer] shall keep the
Documents separate and distinct from all other property in the [Master Servicer’s] [Special Servicer’s] possession, custody
or control.

	 	 
	 	 
	 	[____________]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:
	 	 	 
	Date:                        	 	 

 

    	 	Exhibit E-1-2	 

    

    

EXHIBIT F-1

FORM OF ERISA REPRESENTATION

LETTER REGARDING ERISA RESTRICTED CERTIFICATES (OTHER THAN CLASS R CERTIFICATES)

 

Computershare Trust Company, National Association

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

J.P. Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York 10179

Attention: Real Estate Structured Finance – Securitization Group

		   Re:	Transfer of Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36

Ladies and Gentlemen:

The undersigned (the “Purchaser”)
proposes to purchase US$[___] initial [aggregate] [Certificate Balance][Notional Amount] in the Benchmark 2022-B36 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2022-B36, Class [X-G][X-H][X-J][X-K][F][G][H][J][K][RR] issued pursuant to that certain Pooling
and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between J.P. Morgan Chase
Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National Association,
as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized terms used and
not otherwise defined herein have the respective meanings ascribed to such terms in the Pooling and Servicing Agreement.

In connection with such transfer,
the undersigned hereby represents and warrants to you as follows:

1.       The
Purchaser is not and will not become (a) an employee benefit plan or other plan subject to the fiduciary responsibility provisions of
the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or to Section 4975 of the Internal Revenue
Code of 1986, as amended (the “Code”), or a governmental plan (as defined in Section 3(32) of ERISA) or other plan
subject to any federal, state or local law (“Similar Law”) which is, to a material extent, similar to the foregoing
provisions of ERISA or the Code (each a “Plan”) or (b) a person acting on behalf of or using the assets of any such
Plan (including an entity whose underlying assets include Plan assets by reason of investment in the entity by such a Plan or Plans and
the application of Department of Labor Regulation § 2510.3-101, as modified by

    	 	Exhibit F-1-1	 

    

    

Section 3(42) of ERISA), other than an insurance
company using the assets of its “insurance company general account” (as such term is defined in Section V(e) of Prohibited
Transaction Class Exemption (“PTCE”) 95-60) under circumstances whereby the purchase and holding of Certificates by
such insurance company will be exempt from the prohibited transaction provisions of ERISA and the Code under Sections I and III of PTCE
95-60 (or, with respect to a Plan subject to Similar Law, where the purchase, holding and disposition of the Certificates by such Plan
will not constitute or result in a non-exempt violation of applicable Similar Law).

2.       The
Purchaser understands that if the Purchaser is a Person referred to in 1(a) or (b) above, such Purchaser is required to provide to the
Trustee and Certificate Administrator an Opinion of Counsel in form and substance satisfactory to the Trustee and Certificate Administrator
and the Depositor to the effect that the acquisition and holding of such Certificate by such purchaser or transferee will not constitute
or result in a non-exempt “prohibited transaction” within the meaning of ERISA or Section 4975 of the Code or a non-exempt
violation of any Similar Law, and will not subject the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer
(including, for the avoidance of doubt, any Excluded Special Servicer), any sub-servicer, the Initial Purchasers, the Underwriters, the
Operating Advisor, the Asset Representations Reviewer or the Depositor to any obligation or liability (including obligations or liabilities
under ERISA, Section 4975 of the Code or any such Similar Law) in addition to those set forth in the Pooling and Servicing Agreement,
which Opinion of Counsel shall not be at the expense of the Depositor, the Master Servicer, the Special Servicer (including, for the avoidance
of doubt, any Excluded Special Servicer), any sub-servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Initial Purchasers, the Underwriters or the Trust Fund.

IN WITNESS WHEREOF, the
Purchaser hereby executes this ERISA Representation Letter on the ___ day of _____________, 20__.

	 	 
	 	 
	 	Very truly yours,
	 	 	 
	 	 
	 	 	[The Purchaser]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Date: _________

 

    	 	Exhibit F-1-2	 

    

    

EXHIBIT F-2

Form
of ERISA Representation Letter

regarding [cLASS R Certificates][rr iNTEREST]

[Date]

 

Computershare Trust Company, National Association,

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

 

[Transferor]

[______]

[______]

Attention: [______]

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36

Ladies and Gentlemen:

The undersigned (the “Purchaser”)
proposes to purchase [$[__] aggregate Certificate Balance] [[__]% Percentage Interest] in the Benchmark 2022-B36 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2022-B36, [Class R Certificates (the “Class
R Certificate”) issued][the RR Interest created] pursuant to that certain Pooling and Servicing Agreement dated as of August
1, 2022 (the “Pooling and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as
Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare
Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge
Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized terms used and not otherwise defined herein
have the respective meanings ascribed to such terms in the Pooling and Servicing Agreement.

In connection with such transfer,
the undersigned hereby represents and warrants to you that, with respect to the [Class R Certificate][RR Interest], the Purchaser is not
and will not become (a) an employee benefit plan or other plan subject to the fiduciary responsibility provisions of the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”), or to Section 4975 of the Internal Revenue Code of 1986, as amended
(the “Code”), or a governmental plan (as defined in Section 3(32) of ERISA) or other plan subject to any federal, state
or local law which is, to a material extent, similar to the foregoing provisions of ERISA or the Code (each, a “Plan”)
or (b) any person acting on behalf of or using the assets of any such Plan (including an entity whose underlying assets include Plan assets
within the meaning of

    	 	Exhibit F-2-1	 

    

    

Department of Labor Regulation § 2510.3-101,
as modified by Section 3(42) of ERISA) to purchase such [Class R Certificate][RR Interest].

IN WITNESS WHEREOF, the
Purchaser hereby executes this ERISA Representation Letter on the ___ day of _____, 20__.

	 	 
	 	Very truly yours,
	 	 	 
	 	[The Purchaser]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

 

 

    	 	Exhibit F-2-2	 

    

    

EXHIBIT G

FORM OF DISTRIBUTION DATE STATEMENT

 

 

    	 	Exhibit G-1	 

    

    

 

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	Table
    of Contents
	Section	Pages
	Certificate
    Distribution Detail	2-3
	Certificate
    Factor Detail	4
	Certificate
    Interest Reconciliation Detail	5
	Additional
    Information	6
	Bond
    / Collateral Reconciliation - Cash Flows	7
	Bond
    / Collateral Reconciliation - Balances	8
	Current
    Mortgage Loan and Property Stratification	9-13
	Mortgage
    Loan Detail (Part 1)	14
	Mortgage
    Loan Detail (Part 2)	15
	Principal
    Prepayment Detail	16
	Historical
    Detail	17
	Delinquency
    Loan Detail	18
	Collateral
    Stratification and Historical Detail	19
	Specially
    Serviced Loan Detail - Part 1	20
	Specially
    Serviced Loan Detail - Part 2	21
	Modified
    Loan Detail	22
	Historical
    Liquidated Loan Detail	23
	Historical
    Bond / Collateral Loss Reconciliation Detail	24
	Interest
    Shortfall Detail - Collateral Level	25
	Supplemental
    Notes	26
	 	 
	 	 

	Contacts
	  Role	Party
    and Contact Information
	Depositor	J.P. Morgan Chase Commercial Mortgage Securities Corp.	 
	 	Kunal
    K. Singh	 	US_CMBS_Notice@jpmorgan.com
	 	383
    Madison Avenue, 8th Floor | New York, NY 10179 | United States
	Certificate
    Administrator	Computershare
    Trust Company, N.A.	 	 
	 	Corporate
    Trust Services (CMBS)	 	cts.cmbs.bond.admin@wellsfargo.com;
    trustadministrationgroup@wellsfargo.com
	 	9062
    Old Annapolis Road | Columbia, MD 21045 | United States
	Master
    & Special Servicer	Midland
    Loan Services, a Division of PNC Bank, N.A.	 	 
	 	Executive
    Vice President - Division Head	 	askmidlandls.com
	 	10851
    Mastin Street, Suite 700 | Overland Park, KS 66210 | United States
	Operating
    Advisor & Asset Representations Reviewer	Park
    Bridge Lender Services LLC	 	 
	 	Surveillance
    Manager	 	cmbs.notices@parkbridgefinancial.com
	 	600
    Third Avenue,40th Floor | New York, NY 10016 | United States
	Trustee	Wilmington
    Trust, National Association	 	 
	 	Attention:
    CMBS Trustee	(302)
    636-4140	CMBSTrustee@wilmingtontrust.com
	 	1100
    North Market Street | Wilmington, DE 19890 | United States

	 	This
    report is compiled by Computershare Trust Company, N.A. from information provided by third parties. Computershare Trust Company,
    N.A. has not independently confirmed the accuracy of the information.
	 	Please
    visit www.ctslink.com for additional information and if applicable, any special notices and any credit risk retention
    notices. In addition, certificate holders may register online for email notification when special notices are posted. For
    information or assistance please call 866-846-4526.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-1 	Page 1 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Certificate
                     Distribution Detail

                      

	Class	CUSIP	Pass-Through
    Rate (2)	 	Original
    Balance	Beginning
    Balance	Principal
    Distribution	Interest
    Distribution	Prepayment
    Penalties	Realized
    Losses	Total
    Distribution	Ending
    Balance	Current
    

Credit Support1	Original
    Credit Support1
	 Regular
    Certificates
	A-1	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	A-2	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	A-4	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	A-5	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	A-SB	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	A-S	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	B	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	C	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	D	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	E	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	F	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	G	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	H	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	J	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	K	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	R	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	RR	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	 RR Interest	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	 Regular
    SubTotal	 	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Notional
    Certificates
	X-A	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	X-B	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Certificate
    Distribution Detail continued to next page

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-2 	Page 2 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	Certificate
Distribution Detail

 

	Class	CUSIP	Pass-Through
    Rate (2)	 	Original
    Balance	Beginning
    Balance	Principal
    Distribution	Interest
    Distribution	Prepayment
    Penalties	Realized
    Losses	Total
    Distribution	Ending
    Balance	Current
    

Credit Support1	Original
    Credit Support1
	 Notional
    Certificates
	X-D	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	X-F	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	X-G	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	X-H	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	X-J	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	X-K	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	 Notional
    SubTotal	 	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Deal
    Distribution Total	 	 	 	0.00	0.00	0.00	0.00	0.00	 	 	 

	 	*	Denotes
    the Controlling Class (if required)
	 	(1)	Calculated
    by taking (A) the sum of the ending certificate balance of all classes in a series less (B) the sum of (i) the ending certificate
    balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated
    class and dividing the result by (A).
	 	(2)	Pass-Through
    Rates with respect to any Class of Certificates on next month’s Payment Date is expected to be the same as the current
    respective Pass-Through Rate, subject to any modifications on the underlying loans, any change in certificate or pool balance,
    any change in the underlying index (if and as applicable), and any other matters provided in the governing documents.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-3 	Page 3 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

	Certificate
    Factor Detail

 

	Class	CUSIP	Beginning
    Balance	Principal
    Distribution	Interest
    Distribution	Interest
    Shortfalls / (Paybacks)	Cumulative
    Interest Shortfalls	Prepayment
    Penalties	Realized
    Losses	Total
    Distribution	Ending
    Balance
	Regular
    Certificates
	A-1	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	A-2	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	A-4	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	A-5	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	A-SB	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	A-S	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	B	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	C	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	D	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	E	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	F	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	G	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	H	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	J	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	K	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	R	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	RR	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	RR
    Interest	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	 	 	 	 	 	 	 	 	 	 	 
	Notional
    Certificates
	X-A	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-B	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-D	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-F	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-G	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-H	 	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-J	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-K	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	 	 	 	 	 	 	 	 	 	 	 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-4 	Page 4 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

	Certificate
    Interest Reconciliation Detail

 

	Class	Accrual
    Period	Accrual
    Days	Prior
    Cumulative Interest Shortfalls	Accrued
    Certificate Interest	Net
    Aggregate Prepayment Interest Shortfall	Distributable
    Certificate Interest	Interest
    Shortfalls / (Paybacks)	Payback
    of Prior Realized Losses	Additional
    Interest Distribution Amount	Interest
    

Distribution	Cumulative
    Interest Shortfalls	 
	A-1	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	A-2	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	A-4	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	A-5	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	A-SB	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	X-A	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	X-B	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	A-S	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	B	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	C	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	X-D	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	X-F	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	X-G	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	X-H	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	X-J	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	X-K	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	D	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	E	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	F	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	G	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	H	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	J	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	K	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	RR	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	RR
    Interest	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 
	Totals	 	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-5 	Page 5 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Additional
Information

 

	 
	Total
    Available Distribution Amount (1)	0.00

		(1)	The
                                         Available Distribution Amount includes any Prepayment Premiums.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-6 	Page 6 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Bond
/ Collateral Reconciliation - Cash Flows

 

	Total Funds Collected

 

	 	Interest
	 	 	Interest
    Paid or Advanced	0.00
	 	 	Interest
    Reductions due to Nonrecoverability Determination	0.00
	 	 	Interest
    Adjustments	0.00
	 	 	Deferred
    Interest	0.00
	 	 	ARD
    Interest	0.00
	 	 	Net
    Prepayment Interest Excess / (Shortfall)	0.00
	 	 	Extension
    Interest	0.00
	 	 	Interest
    Reserve Withdrawal	0.00
	 	 	Total
    Interest Collected	0.00

 

	 	Principal
	 	 	Scheduled
    Principal	0.00
	 	 	Unscheduled
    Principal Collections	 
	 	 	Principal
    Prepayments	0.00
	 	 	Collection
    of Principal after Maturity Date	0.00
	 	 	Recoveries
    From Liquidations and Insurance Proceeds	0.00
	 	 	Excess
    of Prior Principal Amounts Paid	0.00
	 	 	Curtailments	0.00
	 	 	Negative
    Amortization	0.00
	 	 	Principal
    Adjustments	0.00
	 	 	 	 
	 	 	 	 
	 	 	Total
    Principal Collected	0.00

 

 

 

	 	Other
	 	 	Prepayment
    Penalties / Yield Maintenance	0.00
	 	 	Gain
    on Sale / Excess Liquidation Proceeds	0.00
	 	 	Borrower
    Option Extension Fees	0.00
	 	 	Total
    Other Collected	0.00

 

	 	Total Funds Collected	0.00

	Total Funds Distributed

 

	 	Fees
	 	 	Master
    Servicing Fee	0.00
	 	 	Certificate
    Administrator Fee	0.00
	 	 	Trustee
    Fee	0.00
	 	 	CREFC®
    Intellectual Property Royalty License Fee	0.00
	 	 	Operating
    Advisor Fee	0.00
	 	 	Asset
    Representations Reviewer Fee	0.00
	 	 	 	 
	 	 	 	 
	 	 	Total
    Fees	0.00

 

	 	Expenses/Reimbursements
	 	 	Reimbursement
    for Interest on Advances	0.00
	 	 	ASER
    Amount	0.00
	 	 	Special
    Servicing Fees (Monthly)	0.00
	 	 	Special
    Servicing Fees (Liquidation)	0.00
	 	 	Special
    Servicing Fees (Work Out)	0.00
	 	 	Legal
    Fees	0.00
	 	 	Rating
    Agency Expenses	0.00
	 	 	Taxes
    Imposed on Trust Fund	0.00
	 	 	Non-Recoverable
    Advances	0.00
	 	 	Workout
    Delayed Reimbursement Amounts	0.00
	 	 	Other
    Expenses	0.00
	 	 	Total
    Expenses/Reimbursements	0.00

 

	 	Interest Reserve Deposit	0.00

 

	 	Payments to Certificateholders and Others
	 	 	Interest
    Distribution	0.00
	 	 	Principal
    Distribution	0.00
	 	 	Prepayment
    Penalties / Yield Maintenance	0.00
	 	 	Total
    Payments to Certificateholders and Others	0.00

 

	 	Total Funds Distributed	0.00

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-7 	Page 7 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Bond
/ Collateral Reconciliation - Balances

 

	Collateral Reconciliation

	 	 	 	 	Total
	Beginning
    Scheduled Collateral Balance	0.00	 	 	0.00
	(-)
    Scheduled Principal Collections	0.00	 	 	0.00
	(-)
    Unscheduled Principal Collections	0.00	 	 	0.00
	(-)
    Principal Adjustments (Cash)	0.00	 	 	0.00
	(-)
    Principal Adjustments (Non-Cash)	0.00	 	 	0.00
	(-)
    Realized Losses from Collateral	0.00	 	 	0.00
	(-)
    Other Adjustments2	0.00	 	 	0.00
	 	 	 	 	 
	 Ending
    Scheduled Collateral Balance	0.00	 	 	0.00
	 Beginning
    Actual Collateral Balance	0.00	 	 	0.00
	 Ending
    Actual Collateral Balance	0.00	 	 	0.00

	Certificate Reconciliation

	 	Total
	Beginning
    Certificate Balance	0.00
	(-)
    Principal Distributions	0.00
	(-)
    Realized Losses	0.00
	 	Realized
    Loss and Realized Loss Adjustments on Collateral	0.00
	 	Current
    Period NRA1	0.00
	 	Current
    Period WODRA1	0.00
	 	Principal
    Used to Pay Interest	0.00
	 	Non-Cash
    Principal Adjustments	0.00
	 	Certificate
    Other Adjustments**	0.00
	Ending
    Certificate Balance	0.00

	NRA/WODRA Reconciliation
	 	Non-Recoverable
    Advances (NRA) from Principal	Workout
    Delayed Reimbursement of Advances (WODRA) from Principal
	Beginning
    Cumulative Advances	0.00	0.00
	Current
    Period Advances	0.00	0.00
	Ending
    Cumulative Advances	0.00	0.00
	 	 	 

	Under
    / Over Collateralization Reconciliation
	Beginning
    UC / (OC)	0.00
	UC
    / (OC) Change	0.00
	Ending
    UC / (OC)	0.00
	Net
    WAC Rate	0.00%
	UC
    / (OC) Interest	0.00

	(1)	Current
    Period NRA and WODRA displayed will represent the portion applied as Realized Losses to the bonds.
	(2)	Other
    Adjustments value will represent miscellaneous items that may impact the Scheduled Balance of the collateral.
	**	A
    negative value for Certificate Other Adjustments represents the payback of prior Principal Shortfalls, if any.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-8 	Page 8 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Current
Mortgage Loan and Property Stratification

 

Aggregate
Pool

 

	Scheduled Balance
	
        Scheduled

        Balance

        	
        # Of

        Loans

        	
        Scheduled

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	Debt Service Coverage Ratio1
	
        Debt Service Coverage

        Ratio

        	
        # Of 

        Loans

        	
        Scheduled

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	(1)	Debt
    Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In
    all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer,
    information from the offering document is used. The debt service coverage ratio information was provided to the Certificate
    Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such
    information.
	(2)	Anticipated
    Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment
    Date, if applicable, and the Maturity Date.
	(3)	Data in this table was calculated
    by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance of each property
    as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans as
    reported in the CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the “State”
    and “Property” stratification tables is not equal to the sum of the scheduled balance figures for each state or
    property, the difference is explained by loans that have been modified into a split loan structure. The “State”
    and “Property” stratification tables do not include the balance of the subordinate note (sometimes called the
    B-piece or a “hope note”) of a loan that has been modified into a split-loan structure. Rather, the scheduled
    balance for each state or property only reflects the balance of the senior note (sometimes called the A-piece) of a loan that
    has been modified into a split-loan structure.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-9 	Page 9 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Current
Mortgage Loan and Property Stratification

 

Aggregate
Pool

 

	State3
	State	
        # Of 

        Properties

        	
        Scheduled 

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

	Totals	 	 	 	 	 	 

	Property Type3
	Property Type	
        # Of

        Properties

        	
        Scheduled

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

Note: Please refer to footnotes on the next
page of the report.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-10 	Page 10 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Current
Mortgage Loan and Property Stratification

 

Aggregate
Pool

 

	Note Rate
	Note Rate	
        # Of 

        Loans

        	
        Scheduled 

        Balance

        	
        % Of

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	Seasoning
	Seasoning	
        # Of

        Loans

        	
        Scheduled

        Balance

        	
        % Of

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	(1)	Debt
    Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In
    all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer,
    information from the offering document is used. The debt service coverage ratio information was provided to the Certificate
    Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such
    information.
	(2)	Anticipated
    Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment
    Date, if applicable, and the Maturity Date.
	(3)	Data
    in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off
    Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances
    of all pooled loans as reported in the CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure
    for the “State” and “Property” stratification tables is not equal to the sum of the scheduled balance
    figures for each state or property, the difference is explained by loans that have been modified into a split loan structure.
    The “State” and “Property” stratification tables do not include the balance of the subordinate note
    (sometimes called the B-piece or a “hope note”) of a loan that has been modified into a split-loan structure.
    Rather, the scheduled balance for each state or property only reflects the balance of the senior note (sometimes called the
    A-piece) of a loan that has been modified into a split-loan structure.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-11 	Page 11 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Current
Mortgage Loan and Property Stratification

 

Aggregate
Pool

  

	Anticipated Remaining Term (ARD and Balloon Loans)
	
        Anticipated

        Remaining Term

        	
        # Of

        Loans

        	
        Scheduled 

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	Remaining Amortization Term (ARD and Balloon Loans)
	
        Remaining

        Amortization Term

        	
        # Of

        Loans

        	
        Scheduled 

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	(1)	Debt
    Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In
    all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer,
    information from the offering document is used. The debt service coverage ratio information was provided to the Certificate
    Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such
    information.
	(2)	Anticipated
    Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment
    Date, if applicable, and the Maturity Date.
	(3)	Data
    in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off
    Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances
    of all pooled loans as reported in the CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure
    for the “State” and “Property” stratification tables is not equal to the sum of the scheduled balance
    figures for each state or property, the difference is explained by loans that have been modified into a split loan structure.
    The “State” and “Property” stratification tables do not include the balance of the subordinate note
    (sometimes called the B-piece or a “hope note”) of a loan that has been modified into a split-loan structure.
    Rather, the scheduled balance for each state or property only reflects the balance of the senior note (sometimes called the
    A-piece) of a loan that has been modified into a split-loan structure.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-12 	Page 12 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Current
Mortgage Loan and Property Stratification

 

Aggregate
Pool

  

	Age of Most Recent NOI
	
        Age of Most

        Recent NOI

        	
        # Of

        Loans

        	
        Scheduled 

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	Remaining Stated Term (Fully Amortizing Loans)
	
        Age of Most

        Recent NOI

        	
        # Of

        Loans

        	
        Scheduled 

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	(1)	Debt
    Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In
    all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer,
    information from the offering document is used. The debt service coverage ratio information was provided to the Certificate
    Administrator by the Master Servicer and the Certificate Administrator has not independently confirmed the accuracy of such
    information.
	(2)	Anticipated
    Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment
    Date, if applicable, and the Maturity Date.
	(3)	Data
    in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off
    Date Balance of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances
    of all pooled loans as reported in the CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure
    for the “State” and “Property” stratification tables is not equal to the sum of the scheduled balance
    figures for each state or property, the difference is explained by loans that have been modified into a split loan structure.
    The “State” and “Property” stratification tables do not include the balance of the subordinate note
    (sometimes called the B-piece or a “hope note”) of a loan that has been modified into a split-loan structure.
    Rather, the scheduled balance for each state or property only reflects the balance of the senior note (sometimes called the
    A-piece) of a loan that has been modified into a split-loan structure.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-13 	Page 13 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	Mortgage Loan Detail (Part 1)

                                                                     

	Pros ID 	Loan ID	Loan Group	Prop Type (1)	City 	State	Interest Accrual Type	Gross Rate	Scheduled Interest	Scheduled Principal	Principal

Adjustments	Anticipated Repay Date	Original Maturity Date	Adjusted Maturity Date	Beginning Scheduled Balance	Ending Scheduled Balance	Paid 

Through

 Date
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	1
    Property Type Codes
	 	 	HC
    - Health Care	MU
    - Mixed Use	WH
    - Warehouse	MF
    - Multi-Family
	 	 	SS
    - Self Storage	LO
    - Lodging	RT
    - Retail	SF
    - Single Family Rental
	 	 	98
    - Other	IN
    - Industrial	OF
    - Office	MH
    - Mobile Home Park
	 	 	SE
    - Securities	CH
    - Cooperative Housing	ZZ
    - Missing Information/Undefined	 

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-14 	Page 14 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	Mortgage
    Loan Detail (Part 2)
	 
	Pros ID 	Loan Group	Most Recent Fiscal NOI	Most Recent NOI	Most Recent NOI Start Date	Most Recent NOI End Date	Appraisal Reduction Date	Appraisal Reduction Amount	Cumulative ASER	Current P&I Advances	Cumulative P&I Advances	Cumulative Servicer Advances	Current NRA/WODRA from Principal	Defease Status
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-15 	Page 15 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	Principal
    Prepayment Detail
	 
	 	 	 	Unscheduled Principal 	Prepayment Premiums
	Pros ID	Loan Number	Loan

Group	Amount	 	Prepayment / Liquidation Code	Prepayment Premium Amount	Yield Maintenance Amount
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 
	 

	 	Note:
    Principal Prepayment Amount listed here may include Principal Adjustment Amounts on the loan in addition to the Unscheduled
    Principal Amount.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-16 	Page 16 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	Historical
    Detail
	 
	 	Delinquencies1	Prepayments	Rate
    and Maturities
	 	30-59 Days	60-89 Days	90 Days or More	Foreclosure	REO	Modifications	Curtailments	Payoff	Next Weighted Avg.	 
	Distribution Date	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance	#	Amount	#	Amount	Coupon	Remit	WAM1
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	(1)	Foreclosure and REO Totals are included in the delinquencies aging categories.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-17 	Page 17 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	Delinquency
    Loan Detail
	 
	Pros ID	Loan ID	Paid Through Date	Months Delinquent	Mortgage

Loan

Status1	Current P&I Advances	Outstanding P&I Advances	
        Outstanding 

        Servicer

        Advances

        	Actual Principal Balance	
        Servicing 

        Transfer

        Date

        	Resolution

Strategy

Code2	Bankruptcy Date	Foreclosure Date	REO Date
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	1 Mortgage
    Loan Status
	 	 	A
    - Payment Not Received But Still in Grace Period	0
    - Current	4
    - Performing Matured Balloon
	 	 	B
    - Late Payment But Less Than 30 days  Delinquent	1
    - 30-59 Days Delinquent	5
    - Non Performing Matured Balloon
	 	 	 	2
    - 60-89 Days Delinquent	6
    - 121+ Days Delinquent
	 	 	 	3
    - 90-120 Days Delinquent	 
	 	 	 	 	 

	 	2 Resolution Strategy Code
	 	 	1
    - Modification	6
    - DPO	10
    - Deed in Lieu of Foreclosures
	 	 	2
    - Foreclosure	7
    - REO	11-
    Full Payoff
	 	 	3
    - Bankruptcy	8
    - Resolved	12
    - Reps and Warranties
	 	 	4
    - Extension	9
    - Pending Return to Master Servicer	13
    -  TBD
	 	 	5
    - Note Sale	98
    - Other	 

	 	Note:
    Outstanding P & I Advances include the current period advance.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-18 	Page 18 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Collateral
Stratification and Historical Detail

 

	Maturity Dates and Loan Status1

	 	Total	Performing	Non-Performing	REO/Foreclosure
	 			
	Past
    Maturity	0	0	0	0
	0
    - 6 Months	0	0	0	0
	7
    - 12 Months	0	0	0	0
	13
    - 24 Months	0	0	0	0
	25
    - 36 Months	0	0	0	0
	37
    - 48 Months	0	0	0	0
	49
    - 60 Months	0	0	0	0
	>
    60 Months	0	0	0	0

 

	Historical Delinquency Information

	 	Total	Current	30-59
    Days	60-89
    Days	90+
    Days	REO/Foreclosure
	 					
	Sep-22	0	0	0	0	0	0
	Aug-22	0	0	0	0	0	0
	Jul-22	0	0	0	0	0	0
	Jun-22	0	0	0	0	0	0
	May-22	0	0	0	0	0	0
	Apr-22	0	0	0	0	0	0
	Mar-22	0	0	0	0	0	0
	Feb-22	0	0	0	0	0	0
	Jan-22	0	0	0	0	0	0
	Dec-21	0	0	0	0	0	0
	Nov-21	0	0	0	0	0	0
	Oct-21	0	0	0	0	0	0

	(1)	Maturity
    dates used in this chart are based on the dates provided by the Master Servicer in the Loan Periodic File.

    
	© 2021 Computershare. All rights reserved. Confidential.	G-19 	Page 19 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	Specially
    Serviced Loan Detail - Part 1
	 
	Pros ID	Loan ID	Ending Scheduled Balance	Actual Balance	Appraisal Value	Appraisal Date	Net Operating Income	DSCR	DSCR Date	Maturity Date	
        Remaining

        Amort Term

        
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 	 	 	 
	 

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-20 	Page 20 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	Specially
    Serviced Loan Detail - Part 2
	 
	Pros ID	Loan ID	Property Type1	State	
        Servicing

        Transfer

        Date

        	Resolution Strategy Code2	Special Servicing Comments
	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 
	 	 
	 

	 	1
    Property Type Codes
	 	 	HC
    - Health Care	MU
    - Mixed Use	WH
    - Warehouse
	 	 	MF
    - Multi-Family	SS
    - Self Storage	LO
    - Lodging
	 	 	RT
    - Retail	SF
    - Single Family Rental	98
    - Other
	 	 	IN
    - Industrial	OF
    - Office	MH
    - Mobile Home Park
	 	 	SE
    - Securities	CH
    - Cooperative Housing	ZZ
    - Missing Information/Undefined

 

	 	2
    Resolution Strategy Code
	 	 	1
    - Modification	6
    - DPO	10
    - Deed in Lieu of Foreclosures
	 	 	2
    - Foreclosure	7
    - REO	11-
    Full Payoff
	 	 	3
    - Bankruptcy	8
    - Resolved	12
    - Reps and Warranties
	 	 	4
    - Extension	9
    - Pending Return to Master Servicer   	13
    -  TBD
	 	 	5
    - Note Sale	98
    - Other	 

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-21 	Page 21 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Modified
Loan Detail

 

	 	 	 	Pre-Modification	Post-Modification	 	 	 	 
	Pros ID	Loan Number	 	Balance	Rate	Balance	Rate	
        Modification 

        Code1

        	
        Modification Booking 

        Date

        	
        Modification

 Closing 

        Date

        	
        Modification

 Effective 

        Date

        
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 	 	 	 
	 

	1 Modification Codes
	 	1
    - Maturity Date Extension	5
    - Temporary Rate Reduction	8
    - Other	 
	 	2
    - Amortization Change	6
    - Capitalization on Interest	9
    - Combination	 
	 	3
    - Principal Write-Off	7
    - Capitalization on Taxes	10
    - Forbearance	 
	 	 	 	 	 

	 	Note:
    Please refer to Servicer Reports for modification comments.

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-22 	Page 22 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	Historical
    Liquidated Loan Detail
	 
	Pros ID1	
        Loan

        Number

        	Dist.Date	
        Loan

        Beginning

        Scheduled

        Balance

        	
        Most Recent

        Appraised

        Value or BPO

        	
        Gross Sales

        Proceeds or

        Other

        Proceeds

        	
        Fees,

        Advances,

        and Expenses

        	
        Net Proceeds

        Received on

        Liquidation

        	
        Net Proceeds

        Available for

        Distribution

        	
        Realized Loss

        to Loan

        	
        Current 

        Period

        Adjustment to

        Loan

        	
        Cumulative

        Adjustment to

        Loan

        	
        Loss to Loan

        with

        Cumulative

        Adjustment

        	
        Percent of

        Original

        Loan

        Balance

        
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	Current Period Totals	 	 	 	 	 	 	 	 	 	 	 
	Cumulative Totals	 	 	 	 	 	 	 	 	 	 	 

 

	 	Note: Fees, Advances and Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.).

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-23 	Page 23 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

	 	 	Historical
    Bond / Collateral Loss Reconciliation Detail	 
	 	 	 	 
	Pros ID	
        Loan

        Number

        	Distribution Date	
        Certificate 

        Interest Paid

        from Collateral

        Principal

        Collections

        	
        Reimb of Prior

        Realized Losses

        from Collateral

        Interest

        Collections

        	
        Aggregate

        Realized Loss to

        Loan

        	
        Loss Covered by

        Credit

        Support/Deal

        Structure

        	
        Loss Applied to

        Certificate

        Interest Payment

        	
        Loss Applied to

        Certificate

        Balance

        	
        Non-Cash 

        Principal

        Adjustment

        	
        Realized Losses

        from

        NRA/WODRA

        	
        Total Loss 

        Applied to

        Certificate

        Balance

        
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Current Period Totals	 	 	 	 	 	 	 	 	 	 
	Cumulative Totals	 	 	 	 	 	 	 	 	 	 
	 	 

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-24 	Page 24 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Interest Shortfall
Detail - Collateral Level

 

	Pros ID	
        Interest

        Adjustments

        	
        Deferred

        Interest

        Collected

        	Special Servicing Fees	ASER	PPIS /  (PPIE)	
        Non-

        Recoverable

        Interest

        	
        Interest on

        Advances

        	
        Reimbursement of 

        Advances from

        Interest

        	
        Other

        Shortfalls /

        (Refunds)

        	
        Modified

        Interest

        Reduction /

        (Excess)

        
	Monthly	Liquidation	Work Out
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Note:
    Interest Adjustments listed for each loan do not include amounts that were used to adjust the Weighted Average Net Rate of
    the mortgage loans.	 	Collateral Shortfall Total	0.00

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-25 	Page 26 of 26

     

    

 

	Distribution
    Date:	09/16/22	BENCHMARK 2022-B36 MORTGAGE TRUST	
	Determination
    Date:	09/12/22
	Record
    Date:	08/31/22	Commercial Mortgage Pass-Through Certificates

Series 2022-B36
	 	 	 	 

 

Supplemental
Notes

 

	None

 

    
	© 2021 Computershare. All rights reserved. Confidential.	G-26 	Page 26 of 26

     

    

EXHIBIT H

FORM OF OMNIBUS ASSIGNMENT

[NAME OF CURRENT ASSIGNOR]
having an address at [ADDRESS OF CURRENT ASSIGNOR] (the “Assignor”)
for good and valuable consideration, the receipt and sufficiency of which are acknowledged, hereby sells, transfers, assigns, delivers,
sets over and conveys, without recourse, representation or warranty, express or implied, unto “Wilmington Trust, National Association,
as Trustee for the registered holders of Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36
and the RR Interest Owner” (the “Assignee”), having an office at 1100 North Market Street, Wilmington Delaware
19890, Attention: CMBS Trustee, its successors and assigns, all right, title and interest of the Assignor in and to:

That certain mortgage and
security agreement, deed of trust and security agreement, deed to secure debt and security agreement, or similar security instrument (the
“Security Instrument”), and that certain Promissory
Note (the “Mortgage Note”), for each of the Mortgage
Loans shown on the Mortgage Loan Schedule attached hereto as Exhibit B, and that certain assignment of leases and rents given in
connection therewith and all of the Assignor’s right, title and interest in any claims, collateral, insurance policies, certificates
of deposit, letters of credit, escrow accounts, performance bonds, demands, causes of action and any other collateral arising out of and/or
executed and/or delivered in or to or with respect to the Security Instrument and the Mortgage Note, together with any other documents
or instruments executed and/or delivered in connection with or otherwise related to the Security Instrument and the Mortgage Note.

IN WITNESS WHEREOF, the
Assignor has executed this instrument under seal to be effective as of the [__] day of [_____________], 20[__].

	 	 
	 	 
	 	[NAME OF CURRENT ASSIGNOR]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:
	 	 	 

 

    	 	Exhibit H-1	 

    

    

EXHIBIT I

FORM OF TRANSFER CERTIFICATE

FOR RULE 144A BOOK-ENTRY CERTIFICATE

TO TEMPORARY REGULATION S BOOK-ENTRY CERTIFICATE

DURING RESTRICTED PERIOD

(Exchanges or transfers pursuant to

Section 5.03(c) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.
Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Book-Entry Certificate of such Class (CUSIP No. [______]) with
the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested an exchange
or transfer of such beneficial interest for a beneficial interest in the Temporary Regulation S Book-Entry Certificate of such Class (CINS
No. [______] and ISIN No. [______]) to be held with the Depository in the name of [Euroclear] [Clearstream]*
(Common Code No. [______]).

In connection with such request
and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in compliance with
the transfer restrictions set forth in the Pooling and Servicing Agreement and pursuant to and in accordance with Regulation S (“Regulation S”)
under the Securities Act of 1933, as amended (the “Securities Act”), and accordingly the Transferor does hereby certify
that:

(1)       the
offer of the Certificates was not made to a person in the United States;

 

*
 Select appropriate depository.

    	 	Exhibit I-1	 

    

    

[(2)         at the time the buy
order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed
and believes that the transferee was outside the United States;]**

[(2)         the transaction was
executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person acting
on its behalf knows that the transaction was pre-arranged with a buyer in the United States;]**

(3)          no
“directed selling efforts” within the meaning of Rule 902(c) of Regulation S have been made in contravention of the requirements
of Rule 903(b) or 904(b) of Regulation S, as applicable; and

(4)          the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Master
Servicer, the Special Servicer, the Asset Representations Reviewer and the Initial Purchasers.

	 	 
	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:
	 	 	 
	Dated:                        	 	 

cc: J.P. Morgan Chase Commercial
Mortgage 

Securities Corp.

 

** Insert one of these two provisions,
which come from the definition of “offshore transaction” in Regulation S.

    	 	Exhibit I-2	 

    

    

EXHIBIT J

Form
of Transfer Certificate

for Rule 144A Book-Entry Certificate

to Regulation S Book-Entry Certificate after Restricted Period

(Exchange or transfers pursuant to

Section 5.03(d) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36, Class
[__]

Reference is hereby made
to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.
Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Book-Entry Certificate of such Class (CUSIP No. [______]) with
the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested an exchange
or transfer of such beneficial interest for a beneficial interest in the Regulation S Book-Entry Certificate of such Class (CINS
No. [______], ISIN No. [______], and Common Code No. [______]).

In connection with such request
and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in compliance with
the transfer restrictions set forth in the Pooling and Servicing Agreement pursuant to and in accordance with Regulation S (“Regulation S”)
under the Securities Act of 1933, as amended (the “Securities Act”), and accordingly the Transferor does hereby certify
that:

(1)           the
offer of the Certificates was not made to a person in the United States,

    	 	Exhibit J-1	 

    

    

[(2)           at the time the buy
order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed
and believes that the transferee was outside the United States,]*

[(2)         the transaction was
executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person acting
on its behalf knows that the transaction was pre-arranged with a buyer in the United States,] *

(3)          no
“directed selling efforts” within the meaning of Rule 902(c) of Regulation S have been made in contravention of the requirements
of Rule 903(b) or 904(b) of Regulation S, as applicable, and

(4)         the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Master
Servicer, the Special Servicer, the Asset Representations Reviewer and the Initial Purchasers.

	 	 
	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:
	 	 	 
	Dated:                        	 	 

cc: J.P. Morgan Chase Commercial Mortgage 

Securities Corp.

 

*   Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

    	 	Exhibit J-2	 

    

    

EXHIBIT K

Form
of Transfer Certificate

for Temporary Regulation S Book-Entry Certificate

to Rule 144A Book-Entry Certificate during Restricted Period

(Exchange or transfers pursuant to

Section 5.03(e) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.
Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Temporary Regulation S Book-Entry Certificate of such Class (CINS No. [______]
and ISIN No. [______]) with [Euroclear] [Clearstream]*
(Common Code [______]) through the Depository in the name of [insert name of transferor] (the “Transferor”). The Transferor
has requested an exchange or transfer of such beneficial interest for a beneficial interest in the Rule 144A Book-Entry Certificate
of such Class (CUSIP No. [______]).

In connection with such request,
and in respect of such Certificates, the Transferor does hereby certify that such Certificates are being exchanged or transferred in accordance
with Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended (the “Securities Act”),
to a transferee that the Transferor reasonably believes is purchasing the Certificates for its own account, or for one or more accounts
with respect to which the transferee exercises sole investment discretion, and the transferee and any such account is a “qualified
institutional buyer” within the meaning of Rule 144A in each case in a transaction meeting the requirements of Rule 144A
and in accordance with any applicable securities laws of any state of the United States or other applicable jurisdiction.

 

*
 Select appropriate depository.

    	 	Exhibit K-1	 

    

    

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, the Trustee, the Certificate Administrator, the Operating Advisor, the Master
Servicer, the Special Servicer, the Asset Representations Reviewer and the Initial Purchasers.

	 	 
	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Dated: _______

cc: J.P. Morgan Chase Commercial Mortgage 

Securities Corp.

    	 	Exhibit K-2	 

    

    

EXHIBIT L

Form
of Transfer Certificate

for Temporary Regulation S Book-Entry Certificate

to Regulation S Book-Entry Certificate after Restricted Period

(Exchanges pursuant to

Section 5.03(f) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.
Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

[For purposes of acquiring
a beneficial interest in a Regulation S Book-Entry Certificate of the Class specified above after the expiration of the Restricted
Period,] [For purposes of receiving payments under a Temporary Regulation S Book-Entry Certificate of the Class specified above,]*
the undersigned holder of a beneficial interest in a Temporary Regulation S Book-Entry Certificate of the Class specified above issued
under the Pooling and Servicing Agreement certifies that it is not a U.S. Person as defined by Regulation S under the Securities
Act of 1933, as amended.

We undertake to advise you
promptly by facsimile on or prior to the date on which you intend to submit your corresponding certification relating to the Certificates
of the Class specified above held by you for our account if any applicable statement herein is not correct on such date, and in the absence
of any such notification it may be assumed that this certification applies as of such date.

We understand that this certificate
is required in connection with certain securities laws of the United States. In connection therewith, if administrative or legal proceedings
are commenced or threatened in connection with which this certificate is or would be relevant, we

 

*      Select,
as applicable.

    	 	Exhibit L-1	 

    

    

irrevocably authorize you to produce this
certificate to any interested party in such proceeding. This certificate and the statements contained herein are made for your benefit
and the benefit of the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Asset Representations Reviewer and the Initial Purchasers.

	 	 
	 	 
	 	Dated:______________
	 	 	 
	 	 	 
	 	By:	
	 		as, or as agent for, the holder of a beneficial 

interest in the Certificates to which this 

certificate relates.

 

    	 	Exhibit L-2	 

    

    

EXHIBIT M

Form
of Transfer Certificate

for Non-Book Entry Certificate

to Temporary Regulation S Book-Entry Certificate

(Exchanges or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

 

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.
Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates for a
beneficial interest in the Temporary Regulation S Book-Entry Certificate of such Class (CINS No. [______] and ISIN No. [______]) to be
held with [Euroclear] [Clearstream]* (Common
Code [______]) through the Depository.

In connection with such request,
and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in compliance with
the transfer restrictions set forth in the Pooling and Servicing Agreement and pursuant to and in accordance with Regulation S (“Regulation S”)
under the Securities Act of 1933, as amended (the “Securities Act”), and accordingly the Transferor does hereby certify
that:

(1)      the
offer of the Certificates was not made to a person in the United States;

 

*
   Select appropriate depository.

    	 	Exhibit M-1	 

    

    

[(2)         at the time the buy
order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed
and believes that the transferee was outside the United States;]**

[(2)         the transaction was
executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person acting
on its behalf knows that the transaction was pre-arranged with a buyer in the United States;] **

(3)      no
“directed selling efforts” within the meaning of Rule 902(c) of Regulation S have been made in contravention of the requirements
of Rule 903(b) or 904(b) of Regulation S, as applicable; and

(4)      the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Asset Representations Reviewer and the Initial Purchasers.

	 	 
	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Dated: ________

cc: J.P. Morgan Chase Commercial Mortgage 

Securities Corp.

 

**  Insert one of these
two provisions, which come from the definition of “offshore transaction” in Regulation S.

    	 	Exhibit M-2	 

    

    

EXHIBIT N

Form
of Transfer Certificate

for Non-Book Entry Certificate

to Regulation S Book-Entry Certificate

(Exchange or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

 

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36, Class
[__]

Reference is hereby made
to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.
Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates for a
beneficial interest in the Regulation S Book-Entry Certificate (CINS No. [______], ISIN No. [______], and Common Code No. [______]).

In connection with such request,
and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in compliance with
the transfer restrictions set forth in the Pooling and Servicing Agreement pursuant to and in accordance with Regulation S (“Regulation S”)
under the Securities Act of 1933, as amended (the “Securities Act”), and accordingly the Transferor does hereby certify
that:

(1)          the
offer of the Certificates was not made to a person in the United States,

    	 	Exhibit N-1	 

    

    

[(2)            at the time the buy
order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed
and believes that the transferee was outside the United States,]*

[(2)          the transaction was
executed in, on or through the facilities of a designated offshore securities market and neither the Transferor nor any person acting
on its behalf knows that the transaction was pre-arranged with a buyer in the United States,] *

(3)             no
“directed selling efforts” within the meaning of Rule 902(c) of Regulation S have been made in contravention of the requirements
of Rule 903(b) or 904(b) of Regulation S, as applicable, and

(4)            the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, the Asset Representations Reviewer and the Initial Purchasers. 

	 	 
	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Dated: _______

cc: J.P. Morgan Chase Commercial Mortgage 

Securities Corp.

 

*     Insert one of these
two provisions, which come from the definition of “offshore transaction” in Regulation S.

    	 	Exhibit N-2	 

    

    

EXHIBIT O

Form
of Transfer Certificate

for Non-Book Entry Certificate

to Rule 144A Book-Entry Certificate

(Exchange or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: Corporate Trust Services (CMBS): Benchmark 2022-B36

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.
Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such beneficial interest for a beneficial
interest in the Rule 144A Book-Entry Certificate of such Class (CUSIP No. [______]).

In connection with such request,
and in respect of such Certificates, the Transferor does hereby certify that such Certificates are being exchanged or transferred in accordance
with Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended (the “Securities Act”),
to a transferee that the Transferor reasonably believes is purchasing the Certificates for its own account, or for one or more accounts
with respect to which the transferee exercises sole investment discretion, and the transferee and any such account is a “qualified
institutional buyer” within the meaning of Rule 144A in each case in a transaction meeting the requirements of Rule 144A
and in accordance with any applicable securities laws of any state of the United States or other applicable jurisdiction.

We understand that this certificate
is required in connection with certain securities laws of the United States. In connection therewith, if administrative or legal proceedings
are

    	 	Exhibit O-1	 

    

    

commenced or threatened in connection with
which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate to any interested party in such
proceeding. This certificate and the statements contained herein are made for your benefit and the benefit of the Depositor, the Master
Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer
and the Initial Purchasers.

	 	 
	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Dated: _______

cc: J.P. Morgan Chase Commercial Mortgage 

Securities Corp.

    	 	Exhibit O-2	 

    

    

EXHIBIT P-1A

FORM OF INVESTOR CERTIFICATION for
Non-Borrower PartY and/or risk retention consultation party

(for Persons other than the DIRECTING CERTIFICATEHOLDER AND/OR a Controlling Class Certificateholder)

[Date]

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2022-B36 Mortgage Trust

Email: trustadministrationgroup@wellsfargo.com;

           cts.cmbs.bond.admin@wellsfargo.com

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36

In accordance with the
Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between J.P. Morgan
Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master
Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, with respect
to the certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:

1.       The
undersigned is a Certificateholder, a beneficial owner or prospective purchaser of the Class [__] Certificates, a Risk Retention Consultation
Party or a Companion Holder (or any investment advisor or manager or other representative of the foregoing).

2.       The
undersigned is neither the Directing Certificateholder nor a Controlling Class Certificateholder.

3.       In
the case that the undersigned is a Certificateholder, a beneficial owner or prospective purchaser of a Registered Certificate, the undersigned
has received a copy of the Prospectus.

4.       The
undersigned is not a Borrower Party.

5.       The
undersigned is requesting access pursuant to the Pooling and Servicing Agreement to certain information (the “Information”)
on the Certificate Administrator’s Website [and/or is requesting the information identified on the schedule attached hereto (also,
the “Information”) pursuant to the provisions of the Pooling and Servicing Agreement]. In

    	 	Exhibit P-1A-1	 

    

    

consideration of the disclosure to the undersigned
of the Information, or the access thereto, the undersigned will keep the Information confidential (except from such outside persons as
are assisting it in making an evaluation in connection with purchasing the related Certificates, from its accountants and attorneys, and
otherwise from such governmental or banking authorities or agencies to which the undersigned is subject), and such Information will not,
without the prior written consent of the Depositor, be otherwise disclosed by the undersigned or by its officers, directors, partners,
employees, agents or representatives (collectively, the “Representatives”) in any manner whatsoever, in whole or in
part; provided, however, that the obligations of the undersigned to keep any such Information confidential shall expire
one year following the date that the undersigned receives such Information (with respect to a prospective purchaser only) or is no longer
a Certificateholder, a beneficial owner or prospective purchaser of the Class of Certificates referenced above. The undersigned will not
use or disclose the Information in any manner which could result in a violation of any provision of the Securities Act of 1933, as amended
(the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration of any Certificate
not previously registered pursuant to Section 5 of the Securities Act.

6.       The
undersigned shall be fully liable for any breach of the terms of this certification by itself or any of its Representatives and shall
indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor,
the Asset Representations Reviewer, the Underwriters, the Initial Purchasers and the Trust Fund for any loss, liability or expense incurred
thereby with respect to any such breach by the undersigned or any of its Representatives.

7.       The
undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Information on the Certificate Administrator’s
Website, and the Certificate Administrator shall have no obligation to monitor, determine or verify whether the undersigned has properly
certified or recertified under this Investor Certification any time the undersigned accesses the Certificate Administrator’s Website.

8.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

BY ITS CERTIFICATION HEREOF, the undersigned has made
the representations above and shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly authorized
signatory, as of the date certified.

    	 	Exhibit P-1A-2	 

    

    

EXHIBIT P-1B

FORM OF INVESTOR CERTIFICATION for
Non-Borrower PartY

(for the DIRECTING CERTIFICATEHOLDER AND/OR a Controlling Class Certificateholder)

[Date]

 

	
    Midland Loan Services, a Division of PNC
    

Bank, National Association

    10851 Mastin Street

    Building 82, Suite 300

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Telecopy number: 1-888-706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association

    1100 North Market Street

    Wilmington Delaware 19890

    Attention: CMBS Trustee

    Email: CMBSTrustee@wilmingtontrust.com

	 	 
	
    Park Bridge Lender Services LLC

    600 Third Avenue, 40th Floor

    New York, New York, 10016

    Attention: BMARK 2022-B36 Surveillance 

Manager

    With a copy sent contemporaneously via email 

to cmbs.notices@parkbridgefinancial.com
    

(with Benchmark 2022-B36 in the subject line)
	
    Computershare Trust Company, National
    

Association,

    600 South 4th Street, 7th
    Floor

    Minneapolis, Minnesota 55415

    Attention: Corporate Trust Services (CMBS)

    Benchmark 2022-B36 Mortgage Trust

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36

In accordance with the
Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between J.P. Morgan
Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master
Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, with respect
to the certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:

1.       The
undersigned is [the Directing Certificateholder][a Controlling Class Certificateholder].

2.       The
undersigned has received a copy of the Prospectus.

3.       The
undersigned is not a Borrower Party.

    	 	Exhibit P-1B-1	 

    

    

4.       The
undersigned is requesting access pursuant to the Pooling and Servicing Agreement to certain information (the “Information”)
on the Certificate Administrator’s Website [and/or is requesting the information identified on the schedule attached hereto (also,
the “Information”) pursuant to the provisions of the Pooling and Servicing Agreement]. In consideration of the disclosure
to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential (except from such
outside persons as are assisting it in making an evaluation in connection with purchasing the related Certificates, from its accountants
and attorneys, and otherwise from such governmental or banking authorities or agencies to which the undersigned is subject), and such
Information will not, without the prior written consent of the Depositor, be otherwise disclosed by the undersigned or by its officers,
directors, partners, employees, agents or representatives (collectively, the “Representatives”) in any manner whatsoever,
in whole or in part; provided, however, that the obligations of the undersigned to keep any such Information confidential
shall expire one year following the date that the undersigned receives such Information (with respect to a prospective purchaser only)
or is no longer a Certificateholder, a beneficial owner or prospective purchaser of the Class of Certificates referenced above. The undersigned
will not use or disclose the Information in any manner which could result in a violation of any provision of the Securities Act of 1933,
as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration
of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

5.       The
undersigned shall be fully liable for any breach of the terms of this certification by itself or any of its Representatives and shall
indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor,
the Asset Representations Reviewer, the Underwriters, the Initial Purchasers and the Trust Fund for any loss, liability or expense incurred
thereby with respect to any such breach by the undersigned or any of its Representatives.

6.       At
any time the undersigned becomes a Borrower Party with respect to any Mortgage Loan or Whole Loan, the undersigned shall deliver the certification
attached as Exhibit P-1D to the Pooling and Servicing Agreement and shall deliver to the applicable parties the notices attached as Exhibit
P-1E and Exhibit P-1F to the Pooling and Servicing Agreement.

7.       The
undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Information on the Certificate Administrator’s
Website, and the Certificate Administrator shall have no obligation to monitor, determine or verify whether the undersigned has properly
certified or recertified under this Investor Certification any time the undersigned accesses the Certificate Administrator’s Website.

8.       [For
use with any party other than the initial Directing Certificateholder]The undersigned hereby certifies that an executed copy of this certification
in [paper][electronic click-through] form has been delivered in accordance with the notice provisions of the Pooling and Servicing Agreement
to the applicable Information provider listed above [(a) by overnight courier or (b) mailed by registered mail, postage prepaid].

9.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

    	 	Exhibit P-1B-2	 

    

    

       BY ITS CERTIFICATION
HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have caused its name to be signed
hereto by its duly authorized signatory, as of the date certified.

 

    	 	Exhibit P-1B-3	 

    

    

EXHIBIT P-1C

FORM OF INVESTOR CERTIFICATION for
Borrower PartY

(for Persons other than the DIRECTING CERTIFICATEHOLDER, a Controlling Class Certificateholder AND/OR a risk retention consultation party)

[Date]

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2022-B36 Mortgage Trust

Email: trustadministrationgroup@wellsfargo.com;

          cts.cmbs.bond.admin@wellsfargo.com

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

10851 Mastin Street

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Telecopy number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36

In accordance with the
Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between J.P. Morgan
Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master
Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, with respect
to the certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:

1.       The
undersigned is a Certificateholder, a beneficial owner or prospective purchaser of the Class [__] Certificates or a Companion Holder (or
any investment advisor or manager or other representative of the foregoing).

2.       The
undersigned is neither the Directing Certificateholder nor a Controlling Class Certificateholder.

    	 	Exhibit P-1C-1	 

    

    

3.       In
the case that the undersigned is a Certificateholder, a beneficial owner or prospective purchaser of a Registered Certificate, the undersigned
has received a copy of the Prospectus.

4.       The
undersigned is a Borrower Party.

5.       The
undersigned is requesting access to the Distribution Date Statements pursuant to the Pooling and Servicing Agreement. In consideration
of the disclosure to the undersigned of the Distribution Date Statement, or the access thereto, the undersigned will keep the Distribution
Date Statements confidential (except from such outside persons as are assisting it in making an evaluation in connection with purchasing
the related Certificates, from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies
to which the undersigned is subject), and such Distribution Date Statements will not, without the prior written consent of the Depositor,
be otherwise disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives (collectively,
the “Representatives”) in any manner whatsoever, in whole or in part; provided, however, that the obligations
of the undersigned to keep any such Distribution Date Statements confidential shall expire one year following the date that the undersigned
receives such Distribution Date Statements (with respect to a prospective purchaser only) or is no longer a Certificateholder, a beneficial
owner or prospective purchaser of the Class of Certificates referenced above. The undersigned will not use or disclose the Distribution
Date Statements in any manner which could result in a violation of any provision of the Securities Act of 1933, as amended (the “Securities
Act”), or the Securities Exchange Act of 1934, as amended, or would require registration of any Certificate not previously registered
pursuant to Section 5 of the Securities Act.

6.       The
undersigned shall be fully liable for any breach of the terms of this certification by itself or any of its Representatives and shall
indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor,
the Asset Representations Reviewer, the Underwriters, the Initial Purchasers and the Trust Fund for any loss, liability or expense incurred
thereby with respect to any such breach by the undersigned or any of its Representatives.

7.       The
undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Distribution Date Statements on the
Certificate Administrator’s Website, and the Certificate Administrator shall have no obligation to monitor, determine or verify
whether the undersigned has properly certified or recertified under this Investor Certification any time the undersigned accesses the
Certificate Administrator’s Website.

8.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

BY ITS CERTIFICATION HEREOF, the undersigned has made
the representations above and shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly authorized
signatory, as of the date certified.

    	 	Exhibit P-1C-2	 

    

    

EXHIBIT P-1D

FORM OF INVESTOR CERTIFICATION for
Borrower PartY

(for the DIRECTING CERTIFICATEHOLDER AND/OR a Controlling Class Certificateholder)

[Date]

 

	
    Midland Loan Services, a Division of PNC
    

Bank, National Association

    10851 Mastin Street

    Building 82, Suite 300

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Telecopy number: 1-888-706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association

    1100 North Market Street

    Wilmington Delaware 19890

    Attention: CMBS Trustee

    Email: CMBSTrustee@wilmingtontrust.com

	 	 
	
    Park Bridge Lender Services LLC

    600 Third Avenue, 40th Floor

    New York, New York, 10016

    Attention: BMARK 2022-B36 Surveillance 

Manager

    With a copy sent contemporaneously via email 

to cmbs.notices@parkbridgefinancial.com
    

(with Benchmark 2022-B36 in the subject line)
	
    Computershare Trust Company, National
    

Association,

    600 South 4th Street, 7th
    Floor

    Minneapolis, Minnesota 55415

    Attention: Corporate Trust Services (CMBS)

    Benchmark 2022-B36 Mortgage Trust

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36

In accordance with the
Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between J.P. Morgan
Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master
Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, with respect
to the certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:

1. The undersigned is [the
Directing Certificateholder][the Holder of the majority of the Controlling Class][a Controlling Class Certificateholder].

2.       The
undersigned is a Borrower Party with respect to the following [Excluded Loan][Excluded Controlling Class Loan](s):

    	 	Exhibit P-1D-1	 

    

    

[IDENTIFY [EXCLUDED
LOAN][EXCLUDED CONTROLLING CLASS LOAN](S)] (the “[Excluded Loan][Excluded Controlling Class Loan](s)”)

The undersigned is not
a Borrower Party with respect to any other Mortgage Loan.

3.       The
undersigned has received a copy of the Prospectus.

4.       Except
with respect to the [Excluded Loan][Excluded Controlling Class Loan](s), the undersigned is requesting access pursuant to the Pooling
and Servicing Agreement to certain information (the “Information”) on the Certificate Administrator’s Website
[and/or is requesting the information identified on the schedule attached hereto (also, the “Information”) pursuant
to the provisions of the Pooling and Servicing Agreement]. In consideration of the disclosure to the undersigned of the Information, or
the access thereto, the undersigned will keep the Information confidential (except from such outside persons as are assisting it in making
an evaluation in connection with purchasing the related Certificates, from its accountants and attorneys, and otherwise from such governmental
or banking authorities or agencies to which the undersigned is subject), and such Information will not, without the prior written consent
of the Depositor, be otherwise disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives
(collectively, the “Representatives”) in any manner whatsoever, in whole or in part; provided, however,
that the obligations of the undersigned to keep any such Information confidential shall expire one year following the date that the undersigned
receives such Information (with respect to a prospective purchaser only) or is no longer a Certificateholder, a beneficial owner or prospective
purchaser of the Class of Certificates referenced above. The undersigned will not use or disclose the Information in any manner which
could result in a violation of any provision of the Securities Act of 1933, as amended (the “Securities Act”), or the
Securities Exchange Act of 1934, as amended, or would require registration of any Certificate not previously registered pursuant to Section
5 of the Securities Act.

5.       The
undersigned hereby acknowledges and agrees that it is prohibited from accessing, reviewing and using Excluded Information (as defined
in the Pooling and Servicing Agreement) relating to the [Excluded Loan][Excluded Controlling Class Loan](s) to the extent the undersigned
receives access to such Excluded Information on the Certificate Administrator’s Website or otherwise receives access to such Excluded
Information in connection with its duties, or exercise of its rights pursuant to the Pooling and Servicing Agreement.

6.       The
undersigned shall be fully liable for any breach of the terms of this certification by itself or any of its Representatives and shall
indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor,
the Asset Representations Reviewer, the Underwriters, the Initial Purchasers and the Trust Fund for any loss, liability or expense incurred
thereby with respect to any such breach by the undersigned or any of its Representatives.

7.       To
the extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise receives
access to such Excluded Information, the undersigned shall be deemed to have agreed that it (i) will not directly or indirectly provide
any such Excluded Information to (A) the related Borrower Party, (B) any related Excluded Controlling Class Holder, (C) any employees
or personnel of the undersigned or any of its Affiliates involved in the management of any investment in the related Borrower Party or
the

    	 	Exhibit P-1D-2	 

    

    

related Mortgaged Property or (D) to its actual
knowledge, any non-Affiliate that holds a direct or indirect ownership interest in the related Borrower Party, and (ii) will maintain
sufficient internal controls and appropriate policies and procedures in place in order to comply with the obligations described in clause
(i) above.

8.       The
undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Information on the Certificate Administrator’s
Website, and the Certificate Administrator shall have no obligation to monitor, determine or verify whether the undersigned has properly
certified or recertified under this Investor Certification any time the undersigned accesses the Certificate Administrator’s Website.

9.       The
undersigned hereby certifies that an executed copy of this certification in [paper][electronic click-through][[for use by the initial
Controlling Class Certificateholder] PDF] form has been delivered in accordance with the notice provisions of the Pooling and Servicing
Agreement to the applicable Information provider listed above [(a) by overnight courier, (b) mailed by registered mail, postage prepaid
or (c) [for use by the initial Controlling Class Certificateholder] electronic mail].

10.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

BY ITS CERTIFICATION HEREOF, the undersigned has made
the representations above and shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly authorized
signatory, as of the date certified. 

	 	 
	 	 
	 	[Directing Certificateholder][Holder of the majority 
	 	 	of the Controlling Class][Controlling Class 
	 	 	Certificateholder]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Dated: _______

cc: J.P. Morgan Chase Commercial Mortgage

Securities Corp.

    	 	Exhibit P-1D-3	 

    

    

EXHIBIT P-1E

FORM OF NOTICE OF EXCLUDED CONTROLLING CLASS
HOLDER

[Date]

	
    Midland Loan Services, a Division of PNC
    

Bank, National Association

    10851 Mastin Street

    Building 82, Suite 300

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Telecopy number: 1-888-706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association

    1100 North Market Street

    Wilmington Delaware 19890

    Attention: CMBS Trustee

    Email: CMBSTrustee@wilmingtontrust.com

	 	 
	
    Park Bridge Lender Services LLC

    600 Third Avenue, 40th Floor

    New York, New York, 10016

    Attention: BMARK 2022-B36 Surveillance 

Manager

    With a copy sent contemporaneously via
    email 

to cmbs.notices@parkbridgefinancial.com 

(with Benchmark 2022-B36 in the subject 

line)
	
    Computershare Trust Company, National
    

Association,

    600 South 4th Street, 7th
    Floor

    Minneapolis, Minnesota 55415

    Attention: Corporate Trust Services (CMBS)

    Benchmark 2022-B36 Mortgage Trust

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36

THIS NOTICE IDENTIFIES
AN “[EXCLUDED LOAN][EXCLUDED CONTROLLING CLASS LOAN]” RELATING TO THE BENCHMARK 2022-B36 MORTGAGE TRUST COMMERCIAL MORTGAGE
PASS-THROUGH CERTIFICATES, SERIES 2022-B36 REQUIRING ACTION BY YOU AS THE RECIPIENT PURSUANT TO SECTION 3.13(b) OF THE POOLING AND SERVICING
AGREEMENT.

In accordance with Section
3.13(b) of the Pooling and Servicing Agreement, with respect to the above-referenced certificates (the “Certificates”),
the undersigned (the “Excluded Controlling Class Holder”) hereby certifies and agrees as follows:

1.                 
The undersigned is [the Directing Certificateholder][the Holder of the majority of the Controlling Class][a Controlling Class Certificateholder]
as of the date hereof.

2.                 
The undersigned has become a Borrower Party with respect to the following [Mortgage Loan(s)] [and] [Whole Loan(s)] (the “[Excluded
Loan][Excluded Controlling Class Loan](s)”):

    	 	Exhibit P-1E-1	 

    

    

 

	Loan Number	ODCR	Loan Name	Borrower Name
	 	 	 	 
	 	 	 	 
	 	 	 	 

[[If applicable] For the
avoidance of doubt, [each] of the foregoing loans is both an Excluded Loan and an Excluded Controlling Class Loan.] The undersigned
is not a Borrower Party with respect to any other Mortgage Loan. If the undersigned becomes a Borrower Party with respect to any other
Mortgage Loan or Whole Loan, the undersigned agrees to and shall deliver the certification attached as Exhibit P-1D to the Pooling and
Servicing Agreement and shall deliver to the applicable parties the notices attached as Exhibit P-1E and Exhibit P-1F to the Pooling and
Servicing Agreement.

3.                 
Except with respect to the [Excluded Loan][Excluded Controlling Class Loan](s), the undersigned is requesting access pursuant to
the Pooling and Servicing Agreement to certain information (the “Information”) on the Certificate Administrator’s
Website [and/or is requesting the information identified on the schedule attached hereto (also, the “Information”)
pursuant to the provisions of the Pooling and Servicing Agreement]. In consideration of the disclosure to the undersigned of the Information,
or the access thereto, the undersigned will keep the Information confidential (except from such outside persons as are assisting it in
making an evaluation in connection with purchasing the related Certificates, from its accountants and attorneys, and otherwise from such
governmental or banking authorities or agencies to which the undersigned is subject), and such Information will not, without the prior
written consent of the Depositor, be otherwise disclosed by the undersigned or by its officers, directors, partners, employees, agents
or representatives (collectively, the “Representatives”) in any manner whatsoever, in whole or in part; provided,
however, that the obligations of the undersigned to keep any such Information confidential shall expire one year following the
date that the undersigned receives such Information (with respect to a prospective purchaser only) or is no longer a Certificateholder,
a beneficial owner or prospective purchaser of the Class of Certificates referenced above. The undersigned will not use or disclose the
Information in any manner which could result in a violation of any provision of the Securities Act of 1933, as amended (the “Securities
Act”), or the Securities Exchange Act of 1934, as amended, or would require registration of any Certificate not previously registered
pursuant to Section 5 of the Securities Act.

4.                 
The undersigned hereby acknowledges and agrees that it is prohibited from accessing, reviewing and using Excluded Information (as
defined in the Pooling and Servicing Agreement) relating to the [Excluded Loan][Excluded Controlling Class Loan](s) to the extent the
undersigned receives access to such Excluded Information on the Certificate Administrator’s Website or otherwise receives access
to such Excluded Information in connection with its duties, or exercise of its rights pursuant to the Pooling and Servicing Agreement.

5.                 
The undersigned shall be fully liable for any breach of the terms of this certification by itself or any of its Representatives
and shall indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating

    	 	Exhibit P-1E-2	 

    

    

Advisor, the Asset Representations Reviewer,
the Underwriters, the Initial Purchasers and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such
breach by the undersigned or any of its Representatives.

6.                 
To the extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise
receives access to such Excluded Information, the undersigned shall be deemed to have agreed that it (i) will not directly or indirectly
provide any such Excluded Information to (A) the related Borrower Party, (B) any related Excluded Controlling Class Holder, (C) any employees
or personnel of the undersigned or any of its Affiliates involved in the management of any investment in the related Borrower Party or
the related Mortgaged Property or (D) to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest in
the related Borrower Party, and (ii) will maintain sufficient internal controls and appropriate policies and procedures in place in order
to comply with the obligations described in clause (i) above.

7.                 
The undersigned shall be deemed to have recertified to the provisions herein each time it accesses the Information on the Certificate
Administrator’s Website, and the Certificate Administrator shall have no obligation to monitor, determine or verify whether the
undersigned has properly certified or recertified under this Investor Certification any time the undersigned accesses the Certificate
Administrator’s Website.

8.                 
[[For use by parties other than the initial Directing Certificateholder] The undersigned hereby certifies that an executed copy
of this certification in paper form has been delivered in accordance with the notice provisions of the Pooling and Servicing Agreement
to each of the addressees listed above (a) by overnight courier or (b) mailed by registered mail, postage prepaid.] [[For use by the initial
Directing Certificateholder] The undersigned hereby certifies that an executed copy of this certification in PDF form has been delivered
in accordance with the terms of the Pooling and Servicing Agreement to each of the addressees listed above by electronic mail.]

9.                 
The undersigned is simultaneously providing notice to the Certificate Administrator in the form of Exhibit P-1F to the Pooling
and Servicing Agreement, requesting termination of access to any Excluded Information. The undersigned acknowledges that it is not permitted
to access and shall not access any Excluded Information relating to the [Excluded Loan][Excluded Controlling Class Loan](s) on the Certificate
Administrator’s Website unless and until it has (i) delivered notice of the termination of the related Excluded Controlling Class
Holder status and (ii) submitted a new investor certification in accordance with Section 3.13(b) of the Pooling and Servicing Agreement.

10.             
The undersigned agrees to indemnify and hold harmless each party to the Pooling and Servicing Agreement, the Underwriters, the
Initial Purchasers and the Trust Fund from any damage, loss, cost or liability (including legal fees and expenses and the cost of enforcing
this indemnity) arising out of or resulting from any unauthorized access by the undersigned or any agent, employee, representative or
person acting on its behalf of any Excluded Information relating to the [Excluded Loan][Excluded Controlling Class Loan](s) listed in
Paragraph 2 above.

    	 	Exhibit P-1E-3	 

    

    

Capitalized terms used
but not defined herein have the respective meanings given to them in the Pooling and Servicing Agreement.

BY ITS CERTIFICATION HEREOF,
the undersigned has made the representations above and shall have caused, or shall be deemed to have caused its name to be signed hereto
by its duly authorized signatory, as of the date certified.

	 	 
	 	 
	 	[Directing Certificateholder][Holder of the majority 
	 	 	of the Controlling Class][Controlling Class 
	 	 	Certificateholder]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Dated: _______

cc: J.P. Morgan Chase Commercial Mortgage

Securities Corp.

    	 	Exhibit P-1E-4	 

    

    

EXHIBIT P-1F

FORM OF NOTICE OF EXCLUDED CONTROLLING CLASS
HOLDER TO CERTIFICATE ADMINISTRATOR

[Date]

	
    Via: Email

    Computershare Trust Company, National Association

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services (CMBS)

    Benchmark 2022-B36 Mortgage Trust

    trustadministrationgroup@wellsfargo.com;

    cts.cmbs.bond.admin@wellsfargo.com

    with a copy to:

     

    Computershare Trust Company, National
    Association,

    8480 Stagecoach Circle

    Frederick, Maryland 21701-4747

    Attention: Benchmark 2022-B36 Mortgage Trust

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36

In accordance with Section 3.13(b) of the Pooling
and Servicing Agreement, with respect to the above-referenced certificates (the “Certificates”), the undersigned (the
“Excluded Controlling Class Holder”) hereby directs you as follows:

1.                 
The undersigned is [the Directing Certificateholder][the Holder of the majority of the Controlling Class][a Controlling Class Certificateholder]
as of the date hereof.

2.                 
The undersigned has become a Borrower Party with respect to the following [Mortgage Loan(s)] [and] [Whole Loan(s)] (the “[Excluded
Loan][Excluded Controlling Class Loan](s)”):

 

	Loan
    Number	ODCR	Loan
    Name	Borrower
    Name
	 	 	 	 
	 	 	 	 
	 	 	 	 

    	 	Exhibit P-1F-1	 

    

    

3.                 
The following USER IDs for CTSLink are affiliated with the undersigned and access to any information on the Certificate Administrator’s
Website with respect to the Benchmark 2022-B36 Mortgage Trust securitization should be revoked as to such users:

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

4.                 
The undersigned acknowledges that it is not permitted to access and shall not access any Excluded Information with respect to such
[Excluded Loan][Excluded Controlling Class Loan](s) on the Certificate Administrator’s Website unless and until it (i) is no longer
an Excluded Controlling Class Holder with respect to such [Excluded Loan][Excluded Controlling Class Loan](s), (ii) has delivered notice
of the termination of the related Excluded Controlling Class Holder status and (iii) has submitted an investor certification in the form
of Exhibit P-1B to the Pooling and Servicing Agreement.

Capitalized terms used but not defined herein
have the respective meanings given to them in the Pooling and Servicing Agreement.

BY ITS CERTIFICATION HEREOF, the undersigned
has made the representations above and shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly
authorized signatory, as of the date certified.

	 	 
	 	 
	 	[Directing Certificateholder][Holder of the majority 
	 	 	of the Controlling Class][Controlling Class 
	 	 	Certificateholder]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Dated: _______

cc: J.P. Morgan Chase Commercial Mortgage

Securities Corp.

The undersigned hereby acknowledges that

access to CTSLink has been revoked for

the users listed in Paragraph 3.

	 	 	 
	 	 	 
	COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION,	 	 
	Certificate Administrator	 	 
	 	 	 
		 	
	Name:	 	 
	Title:	 	 

 

    	 	Exhibit P-1F-2	 

    

    

EXHIBIT P-1G

 

Form of
Certification of the Directing Certificateholder

 

[Date]

	
    Midland Loan Services, a Division of PNC
    

Bank, National Association

    10851 Mastin Street

    Building 82, Suite 300

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Telecopy number: 1-888-706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association

    1100 North Market Street

    Wilmington Delaware 19890

    Attention: CMBS Trustee

    Email: CMBSTrustee@wilmingtontrust.com

	 	 
	
    Park Bridge Lender Services LLC

    600 Third Avenue, 40th Floor

    New York, New York, 10016

    Attention: BMARK 2022-B36 Surveillance 

Manager

    With a copy sent contemporaneously via email 

to cmbs.notices@parkbridgefinancial.com
    

(with Benchmark 2022-B36 in the subject line)
	
    Computershare Trust Company, National
    

Association,

    600 South 4th Street, 7th
    Floor

    Minneapolis, Minnesota 55415

    Attention: Corporate Trust Services (CMBS)

    Benchmark 2022-B36 Mortgage Trust

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36

In accordance with Section
3.23 of the Pooling and Servicing Agreement, the undersigned hereby certifies and agrees as follows:

1.       The
undersigned has been appointed to act as the Directing Certificateholder.

2.       The
undersigned is not a Borrower Party.

3.       If
the undersigned becomes a Borrower Party with respect to any Mortgage Loan or Whole Loan, the undersigned agrees to and shall deliver
the certification attached as Exhibit P-1D to the Pooling and Servicing Agreement and shall deliver to the applicable parties the notices
attached as Exhibit P-1E and Exhibit P-1F to the Pooling and Servicing Agreement.

4.       [For
use with any party other than the initial Directing Certificateholder]The undersigned hereby certifies that an executed copy of this certification
in paper form has been delivered in accordance with the notice provisions of the Pooling and Servicing Agreement to each of the addressees
listed above (a) by overnight courier or (b) mailed by registered mail, postage prepaid

    	 	Exhibit P-1G-1	 

    

    

5.       [If
the undersigned or its parent entity primarily operate under an identity other than that of the undersigned and the affiliation of such
identity with the undersigned is not reasonably evident from the undersigned name]The undersigned or its parent entity primarily operates
under the identity __________________________. The directing holder is __________________________.

6.       The
undersigned hereby acknowledges that the Certificate Administrator will provide the information provided in item 5 above on its Distribution
Date Statement.

7.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

BY ITS CERTIFICATION HEREOF,
the undersigned shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly authorized signatory, as
of the date certified.

	 	 
	 	 
	 	[Directing Certificateholder]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Dated: _______

cc: J.P. Morgan Chase Commercial Mortgage

Securities Corp

 

 

    	 	Exhibit P-1G-2	 

    

    

EXHIBIT P-1H

 

Form of
Certification of A risk retention consultation party

 

[Date]

	
    Midland Loan Services, a Division of PNC
    

Bank, National Association

    10851 Mastin Street

    Building 82, Suite 300

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Telecopy number: 1-888-706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association

    1100 North Market Street

    Wilmington Delaware 19890

    Attention: CMBS Trustee

    Email: CMBSTrustee@wilmingtontrust.com

	 	 
	
    Park Bridge Lender Services LLC

    600 Third Avenue, 40th Floor

    New York, New York 10016

    Attention: BMARK 2022-B36 Surveillance 

Manager

    With a copy sent contemporaneously via email 

to cmbs.notices@parkbridgefinancial.com
    

(with Benchmark 2022-B36 in the subject line)

     
	
    Computershare Trust Company, National
    

Association,

    600 South 4th Street, 7th
    Floor

    Minneapolis, Minnesota 55415

    Attention: Corporate Trust Services (CMBS)

    Benchmark 2022-B36 Mortgage Trust

	 	J.P. Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue, 8th Floor

New York, New York  10179

Attention: Kunal K. Singh, email: US_CMBS_Notice@jpmorgan.com

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36

In accordance with [Section
3.23] [Section 6.08] of the Pooling and Servicing Agreement, the undersigned hereby certifies and agrees as follows:

1.       The
undersigned has been appointed to act as a Risk Retention Consultation Party.

2.       [For
use with any Risk Retention Consultation Party other than an initial Risk Retention Consultation Party] The undersigned hereby certifies
that an executed copy of this certification in paper form has been delivered in accordance with the notice provisions of the Pooling and
Servicing Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered mail, postage prepaid.

    	 	Exhibit P-1H-1	 

    

    

3.       The
contact information for the undersigned for all notices and other communications is as follows:

[_____]

4.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

BY ITS CERTIFICATION HEREOF,
the undersigned shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly authorized signatory, as
of the date certified. 

	 	 
	 	 
	 	[RISK RETENTION CONSULTATION PARTY]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

Dated: _______

 

 

    	 	Exhibit P-1H-2	 

    

    

EXHIBIT P-2

FORM OF CERTIFICATION FOR NRSROs

[Date]

 

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

		Attention:	Corporate Trust Services (CMBS), Benchmark 2022-B36 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2022-B36

In accordance with the
requirements for obtaining certain information pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling
and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association,
as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor
and as Asset Representations Reviewer, with respect to the certificates (the “Certificates”), the undersigned hereby
certifies and agrees as follows:

The undersigned is a Rating
Agency hired by the Depositor to provide ratings on the Certificates; or

		1.	The undersigned, a Nationally Recognized Statistical Rating Organization (as defined under Section 3(a)(62)
of the Exchange Act);

a.         
has provided the Depositor with the appropriate certifications under Exchange Act 17g-5(e);

b.     
    has access to the Depositor’s 17g-5 website; and

c.      
 agrees that either (x) any confidentiality agreement applicable to the undersigned with respect to information obtained from the
Depositor’s 17g-5 website shall also be applicable to information obtained from the 17g-5 Information Provider’s website or
(y) if the undersigned did not access the Depositor’s 17g-5 website prior to the Closing Date, it hereby agrees that it shall be
bound by the provisions of the confidentiality agreement attached hereto as Annex A, which shall be applicable to it with respect
to any information obtained from the 17g-5 Information Provider’s website, including any information that is obtained from the section
of the 17g-5 Information Provider’s website that hosts the Depositor’s 17g-5 website after the Closing Date.

The undersigned shall be
deemed to have recertified to the provisions herein each time it accesses the Information on the Certificate Administrator’s Website
and the 17g-5 Information Provider’s Website.

    	 	Exhibit P-2-1	 

    

    

Capitalized terms used but
not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

BY ITS CERTIFICATION HEREOF,
the undersigned has made the representations above and shall have caused, or shall be deemed to have caused its name to be signed hereto
by its duly authorized signatory, as of the date certified.

 

	 	By:	
	 		Name:
	 		Title:

    	 	Exhibit P-2-2	 

    

    

 

ANNEX A

CONFIDENTIALITY AGREEMENT

This Confidentiality Agreement (the “Confidentiality Agreement”)
is made in connection with JP Morgan Securities LLC (together with its affiliates, the “Furnishing Entities” and each
a “Furnishing Entity”) furnishing certain financial, operational, structural and other information relating to the
issuance of the Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36 (the “Certificates”)
pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator,
Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, and the assets underlying or referenced by the Certificates, including the identity of, and financial information with respect
to borrowers, sponsors, guarantors, managers and lessees with respect to such assets (together, the “Collateral”)
to you (the “NRSRO”) through the website of Computershare Trust Company, National Association, as 17g-5 Information
Provider under the Pooling and Servicing Agreement, including the section of the 17g-5 Information Provider’s website that hosts
the Depositor’s 17g-5 website after the Closing Date (as defined in the Pooling and Servicing Agreement). Information provided
by each Furnishing Entity is labeled as provided by the specific Furnishing Entity.

		1.	Definition of Confidential Information. For purposes of this Confidentiality Agreement, the term “Confidential Information”
shall include the following information (irrespective of its source or form of communication, including information obtained by you through
access to this site) that may be furnished to you by or on behalf of a Furnishing Entity in connection with the issuance or monitoring
of a rating with respect to the Certificates: (x) all data, reports, interpretations, forecasts, records, agreements, legal documents
and other information (such information, the “Evaluation Material”) and (y)  any of the terms, conditions or
other facts with respect to the transactions contemplated by the Pooling and Servicing Agreement, including the status thereof; provided,
however, that the term Confidential Information shall not include information which:

		·	was or becomes generally available to the public (including through filing with the Securities and Exchange Commission or disclosure
in an offering document) other than as a result of a disclosure by you or a NRSRO Representative (as defined in Section 2(c)(i)
below) in violation of this Confidentiality Agreement;

		·	was or is lawfully obtained by you from a source other than a Furnishing Entity or its representatives that (i) is reasonably
believed by you to be under no obligation to maintain the information as confidential and (ii) provides it to you without any obligation
to maintain the information as confidential; or

    	 	Exhibit P-2-3	 

    

    

		·	is independently developed by the NRSRO without reference to any Confidential Information.

		2.	Information to Be Held in Confidence.

		a.	You will use the Confidential Information solely for the purpose of determining or monitoring a credit
rating on the Certificates and, to the extent that any information used is derived from but does not reveal any Confidential Information,
for benchmarking, modeling or research purposes (the “Intended Purpose”).

		b.	You acknowledge that you are aware that the United States and state securities laws impose restrictions
on trading in securities when in possession of material, non-public information and that the NRSRO will advise (through policy manuals
or otherwise) each NRSRO Representative who is informed of the matters that are the subject of this Confidentiality Agreement to that
effect.

		c.	You will treat the Confidential Information as private and confidential. Subject to Section 4, without
the prior written consent of the applicable Furnishing Entity, you will not disclose to any person any Confidential Information, whether
such Confidential Information was furnished to you before, on or after the date of this Confidentiality Agreement. Notwithstanding the
foregoing, you may:

		i.	disclose the Confidential Information to any of the NRSRO’s affiliates, directors, officers, employees,
legal representatives, agents and advisors (each, a “NRSRO Representative”) who, in the reasonable judgment of the
NRSRO, need to know such Confidential Information in connection with the Intended Purpose; provided, that, prior to disclosure
of the Confidential Information to a NRSRO Representative, the NRSRO shall have taken reasonable precautions to ensure, and shall be satisfied,
that such NRSRO Representative will act in accordance with this Confidentiality Agreement;

		ii.	solely to the extent required for compliance with Rule 17g-5(a)(3) of the Act (17 C.F.R. 240.17g-5), post
the Confidential Information to the NRSRO’s password protected website; and

		iii.	use information derived from the Confidential Information in connection with an Intended Purpose, if such
derived information does not reveal any Confidential Information.

		3.	Disclosures Required by Law. If you or any NRSRO Representative is requested or required (orally
or in writing, by interrogatory, subpoena, civil investigatory demand, request for information or documents, deposition or similar process
relating to any legal proceeding, investigation, hearing or otherwise) to disclose any Confidential Information, you agree to provide
the relevant Furnishing Entity with notice as soon as practicable (except in the case of regulatory or other governmental inquiry, examination
or investigation, and otherwise to the extent practical and permitted by law, regulation or

    	 	Exhibit P-2-4	 

    

    

regulatory or other governmental authority)
that a request to disclose the Confidential Information has been made so that the relevant Furnishing Entity may seek an appropriate protective
order or other reasonable assurance that confidential treatment will be accorded the Confidential Information if it so chooses. Unless
otherwise required by a court or other governmental or regulatory authority to do so, and provided that you been informed by written notice
that the related Furnishing Entity is seeking a protective order or other reasonable assurance for confidential treatment with respect
to the requested Confidential Information, you agree not to disclose the Confidential Information while the Furnishing Entity’s
effort to obtain such a protective order or other reasonable assurance for confidential treatment is pending. You agree to reasonably
cooperate with each Furnishing Entity in its efforts to obtain a protective order or other reasonable assurance that confidential treatment
will be accorded to the portion of the Confidential Information that is being disclosed, at the sole expense of such Furnishing Entity;
provided, however, that in no event shall the NRSRO be required to take a position that such information should be entitled
to receive such a protective order or reasonable assurance as to confidential treatment. If a Furnishing Entity succeeds in obtaining
a protective order or other remedy, you agree to comply with its terms with respect to the disclosure of the Confidential Information,
at the sole expense of such Furnishing Entity. If a protective order or other remedy is not obtained or if the relevant Furnishing Entity
waives compliance with the provisions of this Confidentiality Agreement in writing, you agree to furnish only such information as you
are legally required to disclose, at the sole expense of the relevant Furnishing Entity.

		4.	Obligation to Return Evaluation Material. Promptly upon written request by or on behalf of the
relevant Furnishing Entity, all material or documents, including copies thereof, that contain Evaluation Material will be destroyed or,
in your sole discretion, returned to the relevant Furnishing Entity. Notwithstanding the foregoing, (a) the NRSRO may retain one
or more copies of any document or other material containing Evaluation Material to the extent necessary for legal or regulatory compliance
(or compliance with the NRSRO’s internal policies and procedures designed to ensure legal or regulatory compliance) and (b) the
NRSRO may retain any portion of the Evaluation Material that may be found in backup tapes or other archive or electronic media or other
documents prepared by the NRSRO and any Evaluation Material obtained in an oral communication; provided, that any Evaluation Material
so retained by the NRSRO will remain subject to this Confidentiality Agreement and the NRSRO will remain bound by the terms of this Confidentiality
Agreement.

		5.	Violations of this Confidentiality Agreement.

		a.	The NRSRO will be responsible for any breach of this Confidentiality Agreement by you, the NRSRO or any
NRSRO Representative.

		b.	You agree promptly to advise each relevant Furnishing Entity in writing of any misappropriation or unauthorized
disclosure or use by any person of the Confidential Information which may come to your attention and to take all steps reasonably requested
by such Furnishing Entity to limit, stop or otherwise remedy such misappropriation, or unauthorized disclosure or use.

    	 	Exhibit P-2-5	 

    

    

		c.	You acknowledge and agree that the Furnishing Entities would not have an adequate remedy at law and would
be irreparably harmed in the event that any of the provisions of this Confidentiality Agreement were not performed in accordance with
their specific terms or were otherwise breached. It is accordingly agreed that each Furnishing Entity shall be entitled to specific performance
and injunctive relief to prevent breaches of this Confidentiality Agreement and to specifically enforce the terms and provisions hereof,
in addition to any other remedy to which a Furnishing Entity may be entitled at law or in equity. It is further understood and agreed
that no failure to or delay in exercising any right, power or privilege hereunder shall preclude any other or further exercise of any
right, power or privilege.

		6.	Term. Notwithstanding the termination or cancellation of this Confidentiality Agreement and regardless
of whether the NRSRO has provided a credit rating on a Security, your obligations under this Confidentiality Agreement will survive indefinitely.

		7.	Governing Law. This Confidentiality Agreement and any claim, controversy or dispute arising under
the Confidentiality Agreement, the relationships of the parties and/or the interpretation and enforcement of the rights and duties of
the parties shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made and
to be performed within such State.

		8.	Amendments. This Confidentiality Agreement may be modified or waived only by a separate writing
by the NRSRO and each Furnishing Entity.

		9.	Entire Agreement. This Confidentiality Agreement represents the entire agreement between you and
the Furnishing Entities relating to the treatment of Confidential Information heretofore or hereafter reviewed or inspected by you. This
agreement supersedes all other understandings and agreements between us relating to such matters; provided, however, that,
if the terms of this Confidentiality Agreement conflict with another agreement relating to the Confidential Information that specifically
states that the terms of such agreement shall supersede, modify or amend the terms of this Confidentiality Agreement, then to the extent
the terms of this Confidentiality Agreement conflict with such agreement, the terms of such agreement shall control notwithstanding acceptance
by you of the terms hereof by entry into this website.

		10.	Contact Information. Notices for each Furnishing Entity under this Confidentiality Agreement, shall
be directed as set forth below:

JP Morgan Securities LLC

383 Madison Avenue, 8th Floor

New York, New York 10179

    	 	Exhibit P-2-6	 

    

    

EXHIBIT P-3

ONLINE MARKET DATA PROVIDER CERTIFICATION

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

		Attention:	Corporate Trust Services (CMBS), Benchmark 2022-B36 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2022-B36

This Certification has been prepared for
provision of information to the market data providers listed in Paragraph 1 below pursuant to the direction of the Depositor. If you represent
a Market Data Provider not listed herein and would like access to the information, please contact CTSLink at 866-846-4526, or at ctslink.customerservice@wellsfargo.com.

In accordance with the
requirements for obtaining certain information pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling
and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association,
as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor
and as Asset Representations Reviewer, with respect to the above-referenced certificates (the “Certificates”), the
undersigned hereby certifies and agrees as follows:

		1.	The undersigned is an employee or agent of Bloomberg, L.P., Trepp, LLC, Intex Solutions, Inc., BlackRock
Financial Management, Inc., Interactive Data Corporation, CMBS.com, Inc., Markit Group Limited, Moody’s Analytics, MBS Data, LLC,
KBRA Analytics, Inc., RealINSIGHT, Thomson Reuters Corporation and DealView Technologies Ltd., a market data provider that has been given
access to the Statements to Certificateholders, CREFC® Reports and supplemental notices on www.ctslink.com (“CTSLink”)
by request of the Depositor.

		2.	The undersigned agrees that each time it accesses CTSLink, the undersigned is deemed to have recertified
that the representation above remains true and correct.

		3.	The undersigned acknowledges and agrees that the provision to it of information and/or reports on CTSLink
is for its own use only, and agrees that it will not disseminate or otherwise make such information available to any other person without
the written consent of the Depositor.

		4.	The undersigned shall be fully liable for any breach of the terms of this certification by itself or any
of its Representatives and shall indemnify the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special
Servicer, the Operating Advisor, the Asset

    	 	Exhibit P-3-1	 

    

    

Representations Reviewer and the Trust
Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any of its Representatives.

		5.	Capitalized terms used but not defined herein shall have the respective meanings assigned thereto in the
Pooling and Servicing Agreement.

 

BY ITS CERTIFICATION HEREOF,
the undersigned has made the representations above and shall have caused, or shall be deemed to have caused its name to be signed hereto
by its duly authorized signatory, as of the date certified.

    	 	Exhibit P-3-2	 

    

    

EXHIBIT Q

CUSTODIAN CERTIFICATION/EXCEPTION REPORT

[DATE]

To the Persons Listed on the attached Schedule A

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36

Ladies and Gentlemen:

In
accordance with Section 2.02 of the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing
Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate
Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer, the undersigned, as Custodian, hereby certifies that, except as noted
on the attached Custodial Exception Report, as to each Mortgage Loan listed in the Mortgage Loan Schedule
(other than any Mortgage Loan paid in full or for which a Liquidation Event has occurred) the Custodian has, subject to Section 2.02(c)
of the Pooling and Servicing Agreement, reviewed the documents delivered to it pursuant to Section 2.01 of the Pooling and Servicing Agreement
and has determined that (i) all documents specified in [clauses (i) through (v), (viii), (ix), (xi), (xii) and (xiii) (or with
respect to clause (xii)], a copy of such letter of credit and the required officer’s certificate), if any, of the definition of
“Mortgage File”, as applicable, with respect to the Mortgage Loans are in its possession, (ii) the foregoing documents delivered
or caused to be delivered by the Mortgage Loan Seller have been reviewed by it or by a Custodian on its behalf and appear regular on their
face and appear to be executed and to relate to such Mortgage Loan and (iii) based on such examination and only as to the foregoing documents,
the information set forth in the Mortgage Loan Schedule with respect to the items specified in clauses (iv), (vi) and (viii)(c) in the
definition of “Mortgage Loan Schedule” is correct.

Capitalized words and phrases
used herein shall have the respective meanings assigned to them in the above-captioned Pooling and Servicing Agreement.

	 	 
	 	 
	 	COMPUTERSHARE TRUST COMPANY, 
	 	 	NATIONAL ASSOCIATION, 
	 	 	as Custodian
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

    	 	Exhibit Q-1	 

    

    

SCHEDULE A

 

	
    J.P. Morgan Chase Commercial Mortgage 

Securities Corp.

    383 Madison Avenue

    8th Floor

    New York, New York 10179

     

    Moody’s Investors Service, Inc.

    7 World Trade Center

    New York, New York 10007

    Attention: Commercial Mortgage Surveillance Group

    Fax number: (212) 553-0300

    Email: CMBSSurveillance@Moodys.com

     

    Fitch Ratings, Inc.

    33 Whitehall Street

    New York, New York 10004

    Attention: Commercial Mortgage Surveillance 

Group

    Facsimile No: (212) 635-0295

    E-mail: Info.cmbs@fitchratings.com

     

    DBRS, Inc.

    22 W. Washington Street

    Attention: CMBS Surveillance

    Chicago, Illinois 60602

    Cmbs.surveillance@morningstar.com

    

    

    Midland Loan Services, a Division of PNC
    

Bank, National Association

    10851 Mastin Street

    Building 82, Suite 300

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Telecopy number: 1-888-706-3565

    Email: NoticeAdmin@midlandls.com
	
    Computershare Trust Company, National 

Association

    9062 Old Annapolis Road

    Columbia, Maryland 21045-1951

    Attention: Corporate Trust Services (CMBS)

    Benchmark 2022-B36 Mortgage Trust

    Telecopy Number: (410) 715 2380

    E-Mail: 

trustadministrationgroup@wellsfargo.com; cts.cmbs.bond.admin@wellsfargo.com

     

    Park Bridge Lender Services LLC

    600 Third Avenue, 40th Floor

    New York, New York, 10016

    Attention: BMARK 2022-B36 Surveillance 

Manager

    With a copy sent contemporaneously via 

email to 

cmbs.notices@parkbridgefinancial.com
    

(with Benchmark 2022-B36 in the subject 

line)

     

     

    [DIRECTING CERTIFICATEHOLDER NOTICE ADDRESS]

     

     

    [APPLICABLE MORTGAGE LOAN SELLER’S
    NOTICE ADDRESS]

     

     

    	 	Exhibit Q-2	 

    

    

EXHIBIT R

FORM OF POWER OF ATTORNEY BY TRUSTEE

FOR MASTER SERVICER AND SPECIAL SERVICER 

After recording, return to:

 

	
    Legal Department

    Midland Loan Services

    P. 0. Box 25965

    Shawnee Mission, KS 66225-5965

 

SPACE ABOVE THIS LINE FOR RECORDER’S USE

 

LIMITED POWER OF ATTORNEY

KNOW ALL BY THESE PRESENTS:

WHEREAS, J.P. Morgan Chase Commercial
Mortgage Securities Corp., as Depositor, Midland Loan Services, a division of PNC Bank, National Association, as Master Servicer and as
Special Servicer (the “Servicer”), Wilmington Trust, National Association, as Trustee (the “Trustee”),
Computershare Trust Company, National Association, as Certificate Administrator, and Park Bridge Lender Services LLC, as Operating Advisor
and as Asset Representations Reviewer, entered into a Pooling and Servicing Agreement dated as of August 1, 2022 (the “PSA”),
pertaining to a securitization trust formed for the benefit of the registered holders of Benchmark 2022-B36 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2022-B36 and the RR Interest Owner (the “Trust”),
and which provides in part that the Servicer shall administer and service certain “Mortgage Loans” and provide services to
the “Mortgagors” as those terms are defined in the PSA, for the benefit of the Trustee in accordance with the terms of the
PSA and the Mortgage Loans;

and

WHEREAS, pursuant to the terms
of the PSA, the Servicer is granted certain powers, responsibilities and authority in connection with its servicing and administration
of the Mortgage Loans subject to the terms of the PSA; and

WHEREAS, the Trustee has been
requested by the Servicer pursuant to Section 3.0l(b) of the PSA to grant this Limited Power of Attorney to the Servicer to enable the
Servicer to execute and deliver, on behalf of the Trustee, certain documents and instruments related to the Mortgage Loans thereby empowering
the Servicer to take such actions as it deems necessary to comply with its servicing, administrative and management duties under and
in accordance with the PSA.

    	 	1	 

    

    

NOW, THEREFORE, KNOW ALL BY THESE PRESENTS:

Wilmington Trust, National Association,
a nationally chartered banking association, not in its individual or banking capacity, but solely in its capacity as trustee for the registered
holders of the above referenced Trust (the “Trustee”) under the PSA, does make, constitute and appoint Midland Loan
Services, a division of PNC Bank, National Association, with principal corporate offices at 10851 Mastin Street, Building 82, Suite 300,
Overland Park, Kansas 66210, as Servicer by and through its designated officers, as the Trustee’s true and lawful attorney-in-fact
with respect to the Mortgage Loans and each mortgaged property and related collateral (the “Mortgaged Property”) held
by the Trustee to secure the obligations of the Mortgage Loans in its capacity as Trustee, and in Trustee’s name, place and stead,
to prepare, complete, execute, deliver, record and file on behalf of the registered holders and the Trustee, and in any event in accordance
with the terms of the PSA; (i) customary consents or waivers and other instruments and documents including, without limitation, estoppel
certificates, financing statements, continuation statements, title endorsements and reports and other documents and instruments necessary
to preserve and maintain the validity, enforceability, perfection and priority of the lien on the Mortgaged Property; (ii) to consent
to assignments and assumptions or substitutions, and transfers of interest of the Mortgagors, in each case subject to and in accordance
with the terms of the Mortgage Loan and subject to the provisions of the PSA; (iii) to collect any insurance proceeds, condemnation proceeds
and liquidation proceeds in accordance with the terms of the Mortgage Loan; (iv) to consent to any subordinate financing to be secured
by any Mortgaged Property to the extent that such consent is required pursuant to the terms of the Mortgage Loan or which otherwise is
required under the PSA; (v) to consent to the application of any proceeds of insurance policies or condemnation awards to the restoration
of the related Mortgaged Property or to repayment of the Mortgage Loans or otherwise, in each case in accordance with the terms of the
Mortgage Loans; (vi) to execute any and all instruments necessary or appropriate for judicial or nonjudicial foreclosure of, the taking
of a deed in lieu of foreclosure with respect to, or the conversion of title to any Mortgaged Property securing a Mortgage Loan owned
by the Trustee and serviced by the Servicer for the Trustee, and, consistent with the authority granted by the PSA, to take any and all
actions on behalf of the Trustee in connection with maintaining and defending the enforceability of such Mortgage Loan obligation and
the collection thereof including, without limitation, the execution of any and all instruments necessary or appropriate in defense of
and for the collection and enforcement of said Mortgage Loan obligation in accordance with the terms of the PSA; (vii) to execute and
deliver documents relating to the management, operation, maintenance, repair, leasing and marketing of the Mortgaged Properties, including
agreements and requests by the Mortgagors with respect to modifications of the management of the Mortgaged Properties or the replacement
of managers; (viii) to exercise all rights, powers and privileges granted or provided to the holder of the Mortgage Loan under their respective
terms including all rights of approval and consent thereunder; (ix) to enter into lease subordination agreements, non-disturbance and
attornment agreements or other leasing or rental arrangements which may be requested by the Mortgagors or their tenants in accordance
with the terms of the Mortgage Loan; (x) to join the Mortgagor in granting, modifying or releasing any easements, covenants, conditions,
restrictions, equitable servitudes, or land use or zoning requirements with respect to the Mortgaged Properties to the extent such does
not adversely affect the value of the Mortgaged Property; (xi) to execute and deliver, on behalf of the Trustee, any and all instruments
of satisfaction or cancellation, or of partial or full release or discharge and all other comparable instruments, with respect to the
Mortgage Loans and the Mortgaged Property; (xii) to draw upon, replace, substitute, release or amend any letters of credit standing as
collateral under the Mortgage Loans; and (xiii) to apply

    	 	2	 

    

    

amounts in the various escrow accounts set up under the
Mortgage Loans pursuant to the terms provided for therein.

ARTICLE I

The enumeration of particular
powers hereinabove is not intended in any way to limit the grant to the Servicer as the Trustee’s attorney-in-fact of full power
and authority with respect to the Mortgage Loans consistent with the PSA to execute and deliver any such documents, instrument or other
writing, as fully, to all intents and purposes, as the Trustee might or could do if personally present, hereby ratifying and confirming
whatsoever such attorney-in-fact shall and may do by virtue hereof; and the Trustee agrees and represents to those dealing with such attorney-in-fact
that they may rely upon this limited power of attorney until termination of the limited power of attorney under the provisions of Article
III below. As between and among the Trustee, the registered holders, the Trust, and the Servicer, the Servicer may not exercise any right,
authority or power granted by this instrument in a manner which would violate the terms of the PSA or the servicing standard imposed on
the Servicer by the PSA, but any and all third parties dealing with the Servicer as the Trustee’s attorney-in-fact may rely completely,
unconditionally and conclusively on the Servicer’s authority and need not make inquiry about whether the Servicer is acting pursuant
to the PSA or such standard. Any purchaser, title company, recorder’s office or other third party may rely upon a written statement
by the Servicer that any particular loan or property in question and the release thereof is subject to and included under this power of
attorney and the PSA.

ARTICLE II

 

Any act or thing lawfully done by
the Servicer, and otherwise authorized under this Limited Power of Attorney, shall be binding on the Trustee and the Trustee’s successors
and assigns.

ARTICLE III

This Limited Power of Attorney
shall continue in full force and effect until the earliest occurrence of any of the following events, unless sooner revoked in writing
by the Trustee:

		(i)	the suspension or termination of this Limited Power of Attorney by the Trustee;

 

		(ii)	the transfer of servicing under the PSA from the Servicer to another servicer;

 

		(iii)	the termination, resignation or removal of the Trustee as trustee of such Trust;

 

		(iv)	the appointment of a receiver or conservator with respect to the business of the Servicer;

		(v)	the filing of a voluntary or involuntary petition in bankruptcy by or against the Servicer;

 

		(vi)	the termination of the PSA; or

 

		(vii)	the termination of the Servicer.

 

    	 	3	 

    

    

Nothing herein shall be deemed to
amend or modify the PSA or the respective rights, duties or obligations of the Trustee, or the Servicer thereunder, and nothing herein
shall constitute a waiver of any rights or remedies thereunder.

IN WITNESS WHEREOF, the Trustee
has caused this instrument to be executed and its corporate seal to be affixed hereto by its officer duly authorized as of the___day
of August, 2022.

	 	 
	 	 
	 	Wilmington Trust, National Association, as 
	 	Trustee, for the benefit of the registered holders of 
	 	Benchmark 2022-B36 Mortgage Trust, 
	 	Commercial
Mortgage Pass- Through Certificates, 
	 	Series 2022-B36 and the RR Interest Owner (and 
	 	not in its individual capacity)
	(SEAL)	 
	 	By:
	 	 
	 	Name:
	 	 
	 	Title:
	 	 
	 	 
	ATTEST:	 
	 	 
	 	 
	Witness	 
	 	 
	 	 
	Witness	 
	 	 
	 	 
	STATE OF	)	 
	 	)  ss.	 
	MARYLAND	)	 
	 	 	 
	COUNTY OF	 	 
	 	 	 
	HOWARD	 	 

    	 	4	 

    

    

 

 

On this___day of _______, ________, before me personally appeared, to me ________________

personally known, who, being
by me duly sworn, did acknowledge and say that she is the ____________ of Wilmington Trust, National Association, a nationally chattered
banking association, and acknowledged to me that she executed the foregoing instrument on behalf of Wilmington Trust, National Association,
as Trustee, for the benefit of the registered holders of Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 and the RR Interest Owner (and not in its individual capacity),

	 	 
	 	 
	 	 
	 	Notary Public:
	 	My Commission
    expires:

 

 

    	 	Exhibit R-1	 

    

    

EXHIBIT S 

INITIAL COMPANION HOLDERS

 

	Loan	Companion Holder
	
    Bedrock – One Campus Martius

     
	
    Notes A-1, A-2, A-3, A-4, A-5

    JPMorgan Chase Bank, National Association

     

    Notice Address:

    383 Madison Avenue, 31th Floor

    New York, New York 10179

    Attention: Kunal K. Singh

    E mail: US_CMBS_Notice@jpmorgan.com

     

    with a copy to:

     

    JPMorgan Chase Bank, National Association

    4 New York Plaza, Floor 21

    New York, New York 10004-2413

    Attention: SPG Legal

    Email: US_CMBS_Notice@jpmorgan.com

     

    with a copy to:

     

    Cadwalader Wickersham & Taft LLP

    227 West Trade Street

    Charlotte, North Carolina 28202

    Attention: David Burkholder

    Email: David.Burkholder@cwt.com

     

    Notes A-6, A-7, A-8

    Morgan Stanley Bank, N.A.

     

    Notice Addrress:

    Morgan Stanley Bank, N.A.

    1585 Broadway

    New York, New York 10036

    Attention: Jane Lam

     

    with a copy to:

     

    1633 Broadway, 29th Floor

    New York, New York 10019

    Attention: legal Complaince Division

     

    And a copy by email to:

    Cmbs_notices@morganstanley.com

	 

                                                                                79 Fifth Avenue
	Note A-1-1, A-1-2 and A-1-3

Citi Real Estate Funding Inc.

 

Notice Address:

Citi Real Estate Funding Inc.

    	 	Exhibit S-1	 

    

    

 

 

	
    

     
	
    

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Facsimile number: (646) 328-2943

     

    with an electronic copy emailed to: richard.simpson@citi.com

     

    with copies to:

     

    Citi Real Estate Funding Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Facsimile number: (347) 394-0898

     

    with an electronic copy emailed to: raul.d.orozco@citi.com

     

    and

     

    Citi Real Estate Funding Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Facsimile number: (646) 862-8988

     

    with an electronic copy emailed to: ryan.m.oconnor@citi.com

     

    Notes A-2-1, A-2-2, A-2-3-1, A-2-3-2

    Wells Fargo Bank, National Association

     

    Notice Address:

    30 Hudson Yards, 15th Floor

    New York, New York 10001

    Attention: A.J. Sfarra

    Email: anthony.sfarra@wellsfargo.com

     

    with a copy to:

     

    Troy Stoddard, Esq.

    Senior Counsel

    Wells Fargo Legal Department

    401 South Tryon Street

    MAC D1050-272

    26th Floor

    Charlotte, North Carolina 28202-1911

    Email: troy.stoddard@wellsfargo.com

     

    Notes A-3-1, A-3-2, A-3-3

    JPMorgan Chase Bank, National Association

     

    Notice Address:

    383 Madison Avenue, 31th Floor

    New York, New York 10179

    Attention: Kunal K. Singh

    E mail: US_CMBS_Notice@jpmorgan.com

     

    	 	Exhibit S-2	 

    

    

 

	 	with a copy to:

 

JPMorgan Chase Bank, National Association

4 New York Plaza, Floor 21

New York, New York 10004-2413

Attention: SPG Legal

Email: US_CMBS_Notice@jpmorgan.com

 

with a copy to:

 

Cadwalader Wickersham & Taft LLP

227 West Trade Street

Charlotte, North Carolina 28202

Attention: David Burkholder

Email: David.Burkholder@cwt.com

	Yorkshire & Lexington Towers	
    Notes: BMO Note A, B-1

    BMO Capital Markets Corp.

     

    Notice Address:

    151 West 42nd Street

    New York, New York 10036

    Attention: Michael Birajiclian and David Schell

    Email: Michael.Birajiclian@bmo.com and David.Schell@bmo.com

     

    with a copy to:

     

    Bank of Montreal

    c/o BMO Capital Markets Corp.

    151 West 42nd Street

    New York, New York 10036

    Attention: Legal Department

     

    Notes: CREFI Note A, B-2

    Citi Real Estate Funding Inc.

     

    Notice Address:

    Citi Real Estate Funding Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Facsimile number: (646) 328-2943

     

    with an electronic copy emailed to: richard.simpson@citi.com

     

    with copies to:

     

    Citi Real Estate Funding Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Facsimile number: (347) 394-0898

     

    with an electronic copy emailed to:
raul.d.orozco@citi.com

     

 

    	 	Exhibit S-3	 

    

    

 

	 	and

                                                                                 

                                                                                Citi Real Estate Funding Inc.

                                                                                388 Greenwich Street, 17th Floor

New York, New York 10013

Attention: Ryan M. O’Connor

Facsimile number: (646) 862-8988

with an electronic copy emailed to: ryan.m.oconnor@citi.com

 

N Notes A-2-1, A-2-2, A-2-3, A-2-4

Starwood Mortgage Capital LLC

 

Notice Address:

2340 Collins Avenue, Suite 700

Miami Beach, Florida 33139

Attention: Leslie K. Fairbanks

Email: lfairbanks@starwood.com and jbeard@starwood.com

 

with a copy to:

Starwood Property Trust, Inc.

2340 Collins Avenue, Suite 700

Miami Beach, Florida 33139

Attention: Heather Bennett

Email: hbennett@starwood.com and lnr.cmbs.notices@lnrproperty.com

	
    The Reef

     
	
    Notes A-1, A-2, A-3, A-4, A-5

    DBR Investments Co. Limited

     

    Notice Address:

    1Columbus Circle

    New York, New York 10019

    Attention: Robert W. Pettinato, Jr.

    Facsimile No.: (212) 797-4489

    E-mail: Robert.Pettinato@db.com

     

    with a copy to:

     

    DBR Investments Co. Limited

    1 Columbus Circle

    New York, New York 10019

    Attention: General Counsel

    Facsimile No. (646) 736-5721

 

 

 

    	 	Exhibit S-4	 

    

    

EXHIBIT T

FORM OF NOTICE RELATING TO THE NON-SERVICED
MORTGAGE LOANS

[Date]

 

[[79 FIFTH AVENUE][YORKSHIRE & LEXINGTON TOWERS][THE LION BUILDING]:

 

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

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Fax number: 1-888-706-3565

 

with a copy to:

 

Stinson LLP

1201 Walnut Street, Suite 2900

Kansas City, Missouri 64106

Attention: Kenda K. Tomes

Fax number: (816) 412-9338]

 

[THE REEF:

KeyBank National Association

11501 Outlook Street, Suite 300

Overland Park, Kansas 66211

Attention: Michael A. Tilden

E-mail: michael_a_tilden@keybank.com

 

with a copy to:

Polsinelli

900 West 48th Place, Suite 900

Kansas City, Missouri 64112

Attention: Kraig Kohring

E-mail: kkohring@polsinelli.com]

 

 

    	 	Exhibit T-1	 

    

    

VIA FACSIMILE

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36

Dear [__________]:

[Midland Loan Services, a
Division of PNC Bank, National Association][KeyBank National Association], is the master servicer (the “Non-Serviced Master Servicer”)
for Whole Loan secured by the [Mortgaged Propert[y][ies]][portfolio of Mortgaged Properties] identified As [79 Fifth Avenue][Yorkshire
& Lexington Towers][The Lion Building][The Reef] (The “Subject Whole Loan”) On The Mortgage Loan Schedule, As Such
Term Is Defined under the Pooling and Servicing Agreement, dated as of August 1, 2022 (the “2022-B36 Pooling and Servicing Agreement”)
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as master servicer (the “2022-B36 Master Servicer”) and as special servicer, Computershare Trust Company,
National Association, as certificate administrator (the “Certificate Administrator”), Wilmington Trust, National Association,
as trustee (the “Trustee”), and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer. The Certificate Administrator hereby directs the Non-Serviced Master Servicer, as follows:

The Non-Serviced Master Servicer
shall remit to the 2022-B36 Master Servicer all amounts payable to, and forward, deliver or otherwise make available, as the case may
be, to the 2022-B36 Master Servicer all reports, statements, documents, communications, and other information that are to be forwarded,
delivered or otherwise made available to, the holder of the Subject Whole Loan.

The Subject Whole Loan [is][is
not] a Significant Obligor (as such term is defined in the 2022-B36 Pooling and Servicing Agreement) under the 2022-B36 Pooling and Servicing
Agreement.

Thank you for your attention
to this matter.

 

Date:_________________________

    	 	Exhibit T-2	 

    

    

	 	 
	 	 	Computershare Trust Company, National 

Association, as Certificate Administrator for 

the Holders of the Benchmark 2022-B36 

Mortgage Trust,
Commercial Mortgage 

Pass-Through Certificates, Series 2022-B36 

and the RR Interest Owner
	 	 	 
	 	 	 
	 	By:	 	 
	 		[Name]
	 		[Title]

 

    	 	Exhibit T-3	 

    

    

EXHIBIT U

FORM OF NOTICE AND CERTIFICATION

REGARDING DEFEASANCE OF MORTGAGE LOAN 

To:

	 	
    Moody’s Investors Service, Inc.

    7 World Trade Center

    New York, New York 10007

    Attention: Commercial Mortgage Surveillance Group

    Fax number: (212) 553-0300

    Email: CMBSSurveillance@Moodys.com
	
    DBRS, Inc.

    22 W. Washington Street

    Attention: CMBS Surveillance

    Chicago, Illinois 60602

    Cmbs.surveillance@morningstar.com

    

    

     

	 	Fitch Ratings, Inc.

300 West 57th Street

New York, New York 10019

Attention:  Commercial Mortgage Surveillance Group 

Facsimile No.:  (212) 635-0295

E-mail: info.cmbs@fitchratings.com	 

 

	From:	Midland Loan Services, a Division of PNC Bank, National Association, in its capacity as Master Servicer under
the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between J.P.
Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.

		Date:	_________, 20___

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36

Mortgage Loan (the “Mortgage Loan”) identified by loan number _____ [and loan number [_______]] on the Mortgage Loan
Schedule attached to the Pooling and Servicing Agreement and heretofore secured by the Mortgaged Properties identified on the Mortgage
Loan Schedule by the following names:____________________

       ____________________

 

    	 	Exhibit U-1	 

    

    

Reference is made to the
Pooling and Servicing Agreement described above. Capitalized terms used but not defined herein have the meanings assigned to such terms
in the Pooling and Servicing Agreement.

As Servicer under the Pooling
and Servicing Agreement, we hereby:

(a)  
Notify you that the Mortgagor has consummated a defeasance of the Mortgage Loan pursuant to the terms of the Mortgage Loan, of
the type checked below:

____    a full defeasance of the entire
principal balance of the Mortgage Loan; or

____    a partial defeasance of a portion
of the principal balance of the Mortgage Loan that represents and, an allocated loan amount of $____________ or _______% of the entire
principal balance of the Mortgage Loan;

(b)      Certify
that each of the following is true, subject to those exceptions set forth with explanatory notes on Exhibit A hereto, which exceptions
the Master Servicer has determined, consistent with the Servicing Standards, will have no material adverse effect on the Mortgage Loan
or the defeasance transaction:

(i)        The
Mortgage Loan documents permit the defeasance, and the terms and conditions for defeasance specified therein were satisfied in all material
respects in completing the defeasance.

(ii)      The
defeasance was consummated on __________, 20__.

(iii)     The
defeasance collateral consists of securities that (i) constitute “government securities” as defined in Section 2(a)(16) of
the Investment Company Act of 1940 as amended (15 U.S.C. 80A1), (ii) are listed as “Qualified Investments for ‘AAA’
Financings” under Paragraphs 1, 2 or 3 of “Cash Flow Approach” in Standard & Poor’s Public Finance Criteria
2000, as amended to the date of the defeasance, (iii) if they include a principal obligation, the principal due at maturity cannot vary
or change, and (iv) are not subject to prepayment, call or early redemption.

(iv)    The
Master Servicer received an opinion of counsel (from counsel approved by the Servicer in accordance with the Servicing Standard) that
the defeasance will not result in an Adverse REMIC Event.

(v)      The
Master Servicer determined that the defeasance collateral will be owned by an entity (the “Defeasance Obligor”) that
is a Single-Purpose Entity (as defined in Standard & Poor’s Structured Finance Ratings Real Estate Finance Criteria, as amended
to the date of the defeasance (the “S&P Criteria”)) or is subject to restrictions in its organizational documents
substantially similar to those contained in the organization documents of the original Borrower with respect to bankruptcy remoteness
and single purpose as of the date of the defeasance, and after the defeasance owns no assets other than the defeasance collateral and
real property securing Mortgage Loans included in the pool.

    	 	Exhibit U-2	 

    

    

(vi)     The defeasance documents require the crediting of the defeasance collateral to an Eligible Account (as defined in the S&P
Criteria) in the name of the Trustee on behalf of the Trust, which account is maintained as a securities account by a securities intermediary
and has been pledged to the Trustee on behalf of the Trust.

(vii)   The
agreements executed in connection with the defeasance (i) grant control of the pledged securities account to Trustee on behalf of the
Trust, (ii) require the securities intermediary to make the scheduled payments on the Mortgage Loan from the proceeds of the defeasance
collateral directly to the Master Servicer’s collection account in the amounts and on the dates specified in the Mortgage Loan
documents or, in a partial defeasance, the portion of such scheduled payments attributed to the allocated loan amount for the real property
defeased, increased by any defeasance premium specified in the Mortgage Loan documents (the “Scheduled Payments”),
(iii) permit reinvestment of proceeds of the defeasance collateral only in Permitted Investments (as defined in the Pooling and Servicing
Agreement or as defined in the documents evidencing the defeasance), (iv) permit release of surplus defeasance collateral and earnings
on reinvestment from the pledged securities account only after the Mortgage Loan has been paid in full, if any such release is permitted,
(v) prohibit transfers by the Defeasance Obligor of the defeasance collateral and subordinate liens against the defeasance collateral,
and (vi) provide for payment from sources other than the defeasance collateral or other assets of the Defeasance Obligor of all fees
and expenses of the securities intermediary for administering the defeasance and the securities account and all fees and expenses of
maintaining the existence of the Defeasance Obligor.

(viii) The
Master Servicer received written confirmation from a firm of independent certified public accountants, who were approved by the Master
Servicer in accordance with the Servicing Standard stating that (i) revenues from the defeasance collateral (without taking into account
any earnings on reinvestment of such revenues) will be sufficient to timely pay each of the Scheduled Payments after the defeasance including
the payment in full of the Mortgage Loan (or the allocated portion thereof in connection with a partial defeasance) on its Maturity Date,
(ii) the revenues received in any month from the defeasance collateral will be applied to make Scheduled Payments within four (4) months
after the date of receipt, and (iii) interest income from the defeasance collateral to the Defeasance Obligor in any calendar or fiscal
year will not exceed such Defeasance Obligor’s interest expense for the Mortgage Loan (or the allocated portion thereof in a partial
defeasance) for such year.

(ix)     The
Mortgage Loan is not among the ten (10) largest loans in the pool as of the date of the Current Report (as defined below). The entire
principal balance of the Mortgage Loan as of the date of defeasance was less than both $[______] and five percent of pool balance, which
is less than [__]% of the aggregate Certificate Balance of the Certificates as of the date of the most recent Distribution Date Statement
received by us (the “Current Report”).

(x)      The
Master Servicer has received opinions of counsel stating that the Trustee on behalf of the Trust possesses a valid, perfected first priority
security interest in

    	 	Exhibit U-3	 

    

    

the defeasance collateral and that the
documents executed in connection with the defeasance are enforceable in accordance with their respective terms.

(c)           Certify
that Exhibit B hereto is a list of the material agreements, instruments, organizational documents for the Defeasance Obligor,
and opinions of counsel and independent accountants executed and delivered in connection with the defeasance.

(d)          Certify that the
individual under whose hand the Master Servicer has caused this Notice and Certification to be executed did constitute a Servicing Officer
as of the date of the defeasance described above.

(e)            Agree to provide
copies of all items listed in Exhibit B to you upon request.

    	 	Exhibit U-4	 

    

    

IN WITNESS WHEREOF, the
Master Servicer has caused this Notice and Certification to be executed as of the date captioned above.

	 	 
	 	 
	 	[____________]
	 	 	 
	 	By:	
	 		Name:
	 		Title:

 

    	 	Exhibit U-5	 

    

    

EXHIBIT V

FORM OF OPERATING ADVISOR
ANNUAL REPORT1

Report Date: This report will be delivered annually no later
than 120 days after the end of the calendar year, pursuant to the terms and conditions of the Pooling and Servicing Agreement, dated as
of August 1, 2022 (the “Pooling and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer,
Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and
Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer.

Transaction: Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B36

Operating Advisor: Park Bridge Lender Services LLC

Special Servicer as of December 31, 20[__]: [_____]

Directing Certificateholder: KKR Real Estate Credit Opportunity Partners II L.P.

	 	I.       	 Population of Mortgage Loans that Were Considered in Compiling this
  Report

		1.	The Special Servicer has notified the Operating Advisor that [●] Specially Serviced Loans were transferred
to special servicing in the prior calendar year [INSERT YEAR].

		a.	[●] of those Specially Serviced Loans are still being analyzed by the Special Servicer as part of
the development of a [Final] Asset Status Report.

		b.	[Final] Asset Status Reports were issued with respect to [●] of such Specially Serviced Loans. This
report is based only on the Specially Serviced Loans in respect of which a [Final] Asset Status Report has been issued. The [Final] Asset
Status Reports may not yet be fully implemented.

		II.	Executive Summary

Based on the requirements
and qualifications set forth in the Pooling and Servicing Agreement, as well as the items listed below, the Operating Advisor (in accordance
with the Operating Advisor’s analysis requirements outlined in the Pooling and Servicing Agreement) has undertaken a limited review
of the Special Servicer’s actions under the Pooling and Servicing Agreement on the loans identified in this report. Based solely
on such limited review of the items listed below, and subject to the assumptions, limitations and qualifications set forth herein, the
Operating Advisor believes, in its sole discretion exercised in good faith, that the Special Servicer [is/is not] operating in compliance
with the Servicing Standard with respect to its performance of its duties under the Pooling and Servicing Agreement during the prior

 

1
    This report is an indicative report and does not reflect the final form of annual report to be used in any particular year. The
Operating Advisor will have the ability to modify or alter the organization and content of any particular report, subject to the compliance
with the terms of the Pooling and Servicing Agreement, including, without limitation, provisions relating to Privileged Information.

    	 	Exhibit V-1	 

    

    

calendar year on an “asset-level”
basis. [The Operating Advisor believes, in its sole discretion exercised in good faith, that the Special Servicer has failed to comply
with the Servicing Standard as a result of the following material deviations.]

		●	[LIST OF ANY MATERIAL DEVIATION ITEMS]

In addition, the Operating
Advisor notes the following: [PROVIDE SUMMARY OF ANY ADDITIONAL MATERIAL INFORMATION].

[ADD RECOMMENDATION OF REPLACEMENT
OF SPECIAL SERVICER, IF APPLICABLE]

III.       List
of Items that Were Considered in Compiling this Report

In rendering our assessment
herein, we examined and relied upon the accuracy and completeness of the items listed below:

		1.	Any Major Decision Reporting Package that is delivered or made available to the Operating Advisor by the
Special Servicer pursuant to the Pooling and Servicing Agreement.

	2.	Reports by the Special Servicer made available to Privileged Persons that are posted on the certificate administrator’s website
that is relevant to the Operating Advisor’s obligations under the Pooling and Servicing Agreement, each Asset Status Report (after
a Control Termination Event), and each Final Asset Status Report, in each case, delivered or made available to the Operating Advisor
pursuant to the terms of the Pooling and Servicing Agreement.

		3.	The Special Servicer’s assessment of compliance report, attestation report by a third party regarding
the Special Servicer’s compliance with its obligations and net present value calculations and Appraisal Reduction Amount calculations
delivered or made available to the Operating Advisor pursuant to the terms of the Pooling and Servicing Agreement.

		4.	[LIST OTHER REVIEWED INFORMATION]

		5.	[INSERT IF AFTER A CONTROL TERMINATION EVENT:] Consulted with the Special Servicer as provided under the
Pooling and Servicing Agreement on Asset Status Reports for a Specially Serviced Loan delivered or made available to the Operating Advisor
pursuant to the terms of the Pooling and Servicing Agreement and with respect to Major Decisions processed by the Special Servicer.]

NOTE: The Operating Advisor’s
review of the above materials should be considered a limited review and not be considered a full or limited audit, legal review or legal
conclusion. For instance, we did not review each page of the Special Servicer’s policy and procedure manuals (including amendments
and appendices), review underlying lease agreements or similar underlying documents, re-engineer the quantitative aspects of their net
present value calculation, visit any related property, visit the Special Servicer, visit the Directing Certificateholder or interact with
any borrower. In addition, our review of the net present value

    	 	Exhibit V-2	 

    

    

calculations and Appraisal Reduction Amount
calculations is limited to the mathematical accuracy of the calculations and the corresponding application of the non-discretionary portions
of the applicable formulas, and as such, does not take into account the reasonableness of the discretionary portions of such formulas.

IV.       Assumptions,
Qualifications and Disclaimers Related to the Work Product Undertaken and Opinions Related to this Report

		1.	As provided in the Pooling and Servicing Agreement, the Operating Advisor (i) is not required to report
on instances of non-compliance with, or deviations from, the Servicing Standard or the special servicer’s obligations under the
Pooling and Servicing Agreement that the Operating Advisor determines, in its sole discretion exercised in good faith, to be immaterial
and (ii) will not be required to provide or obtain a legal opinion, legal review or legal conclusion.

		2.	In rendering our assessment herein, we have assumed that all executed factual statements, instruments,
and other documents that we have relied upon in rendering this assessment have been executed by persons with legal capacity to execute
such documents.

		3.	Other than the receipt of any Major Decision Reporting Package or any Asset Status Report that is delivered
or made available to the Operating Advisor pursuant to the terms of the Pooling and Servicing Agreement, the Operating Advisor did not
participate in, or have access to, the Special Servicer’s and Directing Certificateholder’s discussion(s) regarding any Specially
Serviced Loan. The Operating Advisor does not have authority to speak with the Directing Certificateholder directly. As such, the Operating
Advisor relied solely upon the information delivered to it by the Special Servicer as well as its interaction with the Special Servicer,
if any, in gathering the relevant information to generate this report. The services that we perform are not designed and cannot be relied
upon to detect fraud or illegal acts should any exist.

		4.	The Special Servicer has the legal authority and responsibility to service any Specially Serviced Loan
pursuant to the Pooling and Servicing Agreement. The Operating Advisor has no responsibility or authority to alter the standards set forth
in the Pooling and Servicing Agreement or the actions of the Special Servicer.

		5.	Confidentiality and other contractual limitations limit the Operating Advisor’s ability to outline
the details or substance of any communication held between it and the Special Servicer regarding any Specially Serviced Loan and certain
information it reviewed in connection with its duties under the Pooling and Servicing Agreement. As a result, this report may not reflect
all the relevant information that the Operating Advisor is given access to by the Special Servicer.

		6.	The Operating Advisor is not empowered to speak with any investors directly. If the investors have questions
regarding this report, they should address such questions to the certificate administrator through the certificate administrator’s
website.

		7.	This report does not constitute recommendations to buy, sell or hold any security, nor does the Operating
Advisor take into account market prices of securities or financial

    	 	Exhibit V-3	 

    

    

markets generally when performing its
limited review of the Special Servicer as described above.

Terms used but not defined in this report have
the meaning set forth in the Pooling and Servicing Agreement.

    	 	Exhibit V-4	 

    

    

EXHIBIT W

 

Form
of Notice from Operating Advisor Recommending Replacement of Special Servicer

 

Wilmington Trust, National Association

    as Trustee

1100 North Market Street

Wilmington Delaware 19890

Attention: CMBS Trustee

Email: CMBSTrustee@wilmingtontrust.com

 

Computershare Trust Company, National Association

    as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2022-B36 Mortgage Trust

Telecopy Number: (410) 715-2380

 

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

    as Special Servicer

10851 Mastin Street

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Telecopy number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 

Recommendation of Replacement of Special Servicer

Ladies and Gentlemen:

This letter is delivered
pursuant to Section 7.01(d) of the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing
Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate
Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer, on behalf of the holders of Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 (the “Certificates”) and the RR Interest Owner regarding the replacement of the Special Servicer.

    	 	Exhibit W-1	 

    

    

Capitalized terms used and not otherwise defined
herein shall have the respective meanings ascribed to such terms in the Pooling and Servicing Agreement.

Based upon our review of
the Special Servicer’s operational practices conducted pursuant to and in accordance with Section 3.26 of the Pooling and Servicing
Agreement, it is our assessment that Midland Loan Services, a Division of PNC Bank, National Association, in its current capacity as Special
Servicer, is not [performing its duties under the Pooling and Servicing Agreement][acting in accordance with the Servicing Standard].
The following factors support our assessment: [________].

Based upon such assessment,
we further hereby recommend that Midland Loan Services, a Division of PNC Bank, National Association be removed as Special Servicer and
that [________] be appointed its successor in such capacity.

	 	 
	 	 
	 	Very truly yours,
	 	 	 
	 	 
	 	[The Operating Advisor]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:
	 	 	 
	 	Dated:	 	 

 

    	 	Exhibit W-2	 

    

    

EXHIBIT X

Form
of CONFIDENTIALITY Agreement

 

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

10851 Mastin Street

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Telecopy number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

		Re:	Access to Certain Information Regarding Benchmark 2022-B36 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, Series 2022-B36

Ladies and Gentlemen:

Reference is hereby made to that certain Pooling
and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between J.P. Morgan Chase
Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National Association,
as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer. Defined terms used herein
and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement.

[Midland Loan Services, a Division of PNC Bank,
National Association (“Midland”)] understands that [____] (the “Company”)
is requesting certain confidential or non-public information relating to the Mortgage Loans to which the Company has continuing rights
as a Certificateholder. The Company is requesting such information for the purpose of analyzing asset performance and evaluating any continuing
rights the Company may have under the Trust (the “Permitted Purpose”).
The Company agrees that the Permitted Purpose shall not include the use or disclosure of the Confidential Information (as defined below)
in any manner that violates any applicable law, the Pooling and Servicing Agreement or the related mortgage loan documents.

[Midland] will provide the Company with certain
confidential, non-public servicing information (the “Confidential Information”)
pertaining to the Mortgage Loans and the related Mortgaged Properties and borrowers. The Company acknowledges that the Confidential Information
(a) includes or may be based upon information provided to [Midland] by third parties, (b) may not have been verified by [Midland],
and (c) may be incomplete or contain inaccuracies. The Company agrees that [Midland], the [“Master Servicer”/“Special
Servicer”] (as defined in the Pooling and Servicing Agreement) and its respective Representatives (as defined below) shall not
have any liability to the Company or its Representatives resulting from (x) any inaccuracies or omissions in the Confidential Information,
(y) any use of the Confidential Information, or

    	 	Exhibit X-1	 

    

    

[_____] [__], 20[__] 

Page 2

(z) [Midland]’s failure or inability
to provide the Confidential Information to the Company for any reason. Notwithstanding the foregoing, the following will not constitute
“Confidential Information” for purposes of this letter
agreement: (a) information that was already in Company’s possession prior to its receipt from [Midland]; (b) information
that is obtained by Company from a third person who, insofar as is known to Company, is not prohibited from transmitting the information
to Company by a contractual, legal or fiduciary obligation to [Midland]; (c) information that is or becomes publicly available through
no fault of Company; and (d) information that is independently developed by Company. The term “Representatives” with
respect to any entity shall mean the officers, directors, general partners, employees, agents, affiliates, auditors and legal counsel
(which may be internal counsel) of that entity.

The Company may have access to the Confidential
Information through (at [Midland]’s election): (i) responses to reasonable written inquiries received from the Company, (ii) conference
calls conducted on a reasonably scheduled basis with [Midland]’s surveillance group, or (iii) direct on-line access (read-only
capacity) to the information available on the applicable [____] system or any successor or replacement system (“System”).
[Midland] may cease or defer providing the Company with Confidential Information in the event that (a) the Company or its Representatives
violate any provision hereof, or (b) [Midland] determines (in its sole discretion) that such termination is necessary for any reason,
including its determination that such action is required pursuant to the terms of the Pooling and Servicing Agreement, the related Mortgage
Loan documents, or any applicable law. [Midland] shall cease to provide the Company with Confidential Information if [Midland] has actual
knowledge that the Company or its Representatives are affiliates of any borrower under the Mortgage Loan documents and [Midland] determines
that the provision, notice or access to such Confidential Information would violate the accepted servicing practices or servicing standards
as defined in the Pooling and Servicing Agreement. The Company’s obligations and the restrictions applicable to the protection of
the Confidential Information hereunder shall survive the termination of the Company’s access to the Confidential Information. [Midland]’s
remedies hereunder, at law or at equity, are cumulative and may be combined.

The Company agrees that it will not, and it
shall not permit its Representatives, to disclose the Confidential Information in any manner whatsoever to any other person or entity,
other than its Representatives (but only to the extent necessary to accomplish the Permitted Purpose) who have a need to know the information,
or as otherwise required by applicable law, court order or any governmental agency or regulator. The Company acknowledges (i) its
obligations under the U.S. federal securities laws, and (ii) that any disclosure of the Confidential Information by it or its Representatives
for any purpose other than a Permitted Purpose, in addition to being a breach of this letter agreement, may constitute a violation of
federal and state securities laws. The Company will take reasonable measures to ensure that each Representative is advised of this letter
agreement and agrees to keep the Confidential Information confidential. The Company shall be liable for any breach of this letter agreement
by its Representatives. Notwithstanding the foregoing, the Company may subsequently provide all or any part of such Confidential Information
to any other person or entity that holds or is contemplating the purchase of any Certificate or interest therein, but only if such person
or entity confirms such ownership interest or prospective ownership interest and provided that, prior to the delivery of such Confidential
Information, such persons shall have executed and delivered to the Company an agreement that is substantially similar in form and substance
to this agreement.

    	 	Exhibit X-2	 

    

    

[_____] [__], 20[__] 

Page 3

This letter agreement shall be governed by
and construed in accordance with the laws of the State of New York without the application of conflict of laws principles. Anything herein
to the contrary notwithstanding, [Midland] intends at all times to comply with the terms and provisions of the Pooling and Servicing Agreement
and nothing in this letter agreement should be construed to limit or qualify any of [Midland]’s rights or obligations under the
Pooling and Servicing Agreement. This letter agreement may be executed in counterparts and by facsimile/Portable Document Format (PDF);
each such counterpart shall be deemed to be an original instrument, and all such counterparts together shall constitute one agreement.

This agreement shall terminate with respect
to the information received by the Company one year after the Company receives such information or ceases to be a Certificateholder. Company
agrees that this letter agreement supersedes and replaces and survives any click-through agreement regarding confidentiality of Confidential
Information agreed to in connection with accessing the System whether agreed to in accessing the System before or after signing this letter
agreement.

 

    	 	Exhibit X-3	 

    

    

Please have an authorized signatory countersign
in the space provided below to indicate the Company’s confirmation of, and agreement to, the matters set forth herein.

	 	 	 
	 	 	 
	 	Very truly yours,
	 	 	 
	 	 	 
	 	[MIDLAND LOAN SERVICES, A DIVISION 

OF PNC BANK, NATIONAL ASSOCIATION]
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:]
	 	 	 
	 	 	 
	CONFIRMED AND AGREED TO:	 	 
	 	 	 	 
	[COMPANY NAME]	 	 
	 	 	 	 
	 	 	 	 
	By:		 	
	 	Name:	 	 
	 	Title:	 	 

 

    	 	Exhibit X-4	 

    

    

EXHIBIT Y

FORM CERTIFICATION TO BE PROVIDED WITH FORM
10-K

CERTIFICATION

I, [identifying the certifying
individual], the President and Chief Executive Officer of J.P. Morgan Chase Commercial Mortgage Securities Corp., the depositor into the
above-referenced Trust, certify that:

1.                  I
have reviewed this report on Form 10-K, and all reports on Form 10-D required to be filed in respect of the period covered by this report
on Form 10-K, of the Benchmark 2022-B36 Mortgage Trust (the “Exchange
Act periodic reports”);

2.                  Based
on my knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or omit
to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made,
not misleading with respect to the period covered by this report;

3.                 Based
on my knowledge, all of the distribution, servicing and other information required to be provided under Form 10-D for the period covered
by this report is included in the Exchange Act periodic reports;

4.                 Based
on my knowledge and the servicer compliance statements required in this report under Item 1123 of Regulation AB, and except as disclosed
in the Exchange Act periodic reports, the servicers have fulfilled their obligations under the servicing agreements in all material respects;
and

5.                 All
of the reports on assessment of compliance with servicing criteria for asset-backed securities and their related attestation reports
on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance
with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this report, except as otherwise
disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this report on Form
10-K.

In giving the certifications
above, I have reasonably relied on information provided to me by the following unaffiliated parties:

(A) Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association,
as Certificate Administrator and Custodian, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as
Operating Advisor and Asset Representations Reviewer;

(B) Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer for the 79 Fifth Avenue Mortgage Loan, Greystone Servicing Company, as

    	 	Exhibit Y-1	 

    

    

Special Servicer for the 79 Fifth Avenue Mortgage
Loan, Computershare Trust Company, National Association, as Certificate Administrator and Custodian for the 79 Fifth Avenue Mortgage Loan,
Wilmington Trust, National Association, as Trustee for the Novo Nordisk HQ Mortgage Loan and Park Bridge Lender Services LLC, as Operating
Advisor and Asset Representations Reviewer for the 79 Fifth Avenue Mortgage Loan;

(C) Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer for the Yorkshire & Lexington Towers Mortgage Loan, Rialto Capital
Advisors, LLC, as Special Servicer for the Yorkshire & Lexington Towers Mortgage Loan, Computershare Trust Company, National Association,
as Certificate Administrator and Custodian for the Yorkshire & Lexington Towers Mortgage Loan, Wilmington Trust, National Association,
as Trustee for the Yorkshire & Lexington Towers Mortgage Loan and Park Bridge Lender Services LLC, as Operating Advisor and Asset
Representations Reviewer for the Yorkshire & Lexington Towers Mortgage Loan;

(D) Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer for The Lion Building Mortgage Loan, Rialto Capital Advisors, LLC, as
Special Servicer for The Lion Building Mortgage Loan, Computershare Trust Company, National Association, as Certificate Administrator
and Custodian for The Lion Building Mortgage Loan, Wilmington Trust, National Association, as Trustee for The Lion Building Mortgage Loan
and Pentalpha Surveillance LLC, as Operating Advisor and Asset Representations Reviewer for The Lion Building Mortgage Loan;

(E) KeyBank National Association,
as Master Servicer for The Reef Mortgage Loan, KeyBank National Association, as Special Servicer for The Reef Mortgage Loan, Computershare
Trust Company, National Association, as Certificate Administrator and Custodian for The Reef Mortgage Loan, Wilmington Trust, National
Association, as Trustee for The Reef Mortgage Loan and Park Bridge Lender Services LLC, as Operating Advisor and Asset Representations
Reviewer for The Reef Mortgage Loan. 

 

Date:_________________________

	 	 	 
	 	 	 
	 	 	 
	President and Chief Executive Officer 

J.P. Morgan Chase Commercial Mortgage 

Securities Corp. 

(Senior officer in charge of the securitization
of 

the depositor)	 	 
	 	 	 	 

    	 	Exhibit Y-2	 

    

    

EXHIBIT Z-1

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY CERTIFICATE ADMINISTRATOR

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, issued pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing
Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate
Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer.

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be signed
by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other Securitization,
to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange Commission pursuant to
the Sarbanes-Oxley Act of 2002:

1.                 
I (or an officer under my supervision) have reviewed the annual report on Form 10-K for the period ended December 31, 20[__] (the
“Form 10-K”) and all reports on Form 10-D and Form 8-K filed in respect of the period covered by the Form 10-K (collectively,
with the Form 10-K, the “Reports”);

2.                 
Based on my knowledge, the Reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading
with respect to the period covered by the Form 10-K;

3.                 
Based on my knowledge, all of the distribution and other information required to be provided by the Certificate Administrator under
the Pooling and Servicing Agreement for inclusion in the Reports for the period covered by the Form 10-K is included in the Reports and
all of the distribution, servicing and other information provided to the Certificate Administrator by the trustee, the custodian, the
master servicer, the special servicer and the operating advisor under the Pooling and Servicing Agreement for inclusion in the Reports
for the period covered by the Form 10-K is included in the Reports;

4.                 
I (or an officer under my supervision) am responsible for reviewing the activities performed by the Certificate Administrator under
the Pooling and Servicing Agreement and based on my knowledge and the compliance review conducted in preparing the Certificate

    	 	Exhibit Z-1-1	 

    

    

Administrator compliance statement required
to be delivered under Article XI of the Pooling and Servicing Agreement for inclusion in the Form 10-K under Item 1123 of Regulation AB,
and except as disclosed in the Reports, the Certificate Administrator has fulfilled its obligations under the Pooling and Servicing Agreement
in all material respects; and

5.                 
All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Certificate
Administrator or any Servicing Function Participant retained by the Certificate Administrator (the “Relevant Servicing Criteria”)
and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required to be included in the
Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to the
Form 10-K. Any material instances of noncompliance described in such reports have been disclosed in the Form 10-K and such assessment
of compliance is fairly stated in all material respects.

This Certification is being
signed by me as an officer of the Certificate Administrator responsible for reviewing the activities performed by the Certificate Administrator
under the Pooling and Servicing Agreement. 

	 	 
	 	 
	Dated:	 	 	 
	 	 	 	 
	 	 		
	 	 		Name:
	 	 		Title:

    	 	Exhibit Z-1-2	 

    

    

EXHIBIT Z-2

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY MASTER SERVICER

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, issued pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing
Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate
Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer.

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be signed
by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other Securitization,
to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange Commission pursuant to
the Sarbanes-Oxley Act of 2002:

1.                 
I (or Servicing Officers under my supervision) have reviewed the servicing and other information required to be provided by the
Master Servicer in accordance with the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for the period
ended December 31, 20[__] (“Form 10-K”) and all information required to be provided by the Master Servicer in accordance
with the Pooling and Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required to be filed in respect of the
period covered by the Form 10-K (collectively, with the Form 10-K, the “Reports”) (such information provided by the
Master Servicer, collectively, the “Master Servicer Periodic Information”);

2.                 
Based on my knowledge, and assuming the accuracy of the statements required to be made by each Special Servicer in the special
servicer backup certificate delivered by each Special Servicer relating to the relevant period, the Master Servicer Periodic Information,
taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by the Form
10-K;

3.                 
Based on my knowledge, and assuming the accuracy of the statements required to be made by each Special Servicer in the special
servicer backup certificate delivered by each Special Servicer relating to the relevant period, all of servicing and other information
required to be provided by the Master Servicer under the Pooling and Servicing Agreement for

    	 	Exhibit Z-2-1	 

    

    

inclusion in the Reports for the period covered
by the Form 10-K is included in the Master Servicer Periodic Information;

4.                 
I (or Servicing Officers under my supervision) am responsible for reviewing the activities performed by the Master Servicer under
the Pooling and Servicing Agreement and based on my knowledge and the compliance review conducted in preparing the Master Servicer compliance
statement required to be delivered under Article XI of the Pooling and Servicing Agreement for inclusion in the Form 10-K under Item 1123
of Regulation AB, and except as disclosed in the Master Servicer Periodic Information, the Master Servicer has fulfilled its obligations
under the Pooling and Servicing Agreement in all material respects;

5.                 
The accountants that are to deliver the annual attestation report on assessment of compliance with the Relevant Servicing Criteria
in respect of the Master Servicer with respect to the Trust’s fiscal year _____ have been provided all information relating to the
Master Servicer’s assessment of compliance with the Relevant Servicing Criteria in order to enable them to conduct a review in compliance
with the standards for attestation engagements issued or adopted by the PCAOB; and

6.                 
All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Master Servicer
or any Servicing Function Participant retained by the Master Servicer (the “Relevant Servicing Criteria”) and their
related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Pooling and Servicing
Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and
15d-18, have been delivered in accordance with the Pooling and Servicing Agreement. All material instances of noncompliance with the Relevant
Servicing Criteria have been disclosed in such reports and such assessment of compliance is fairly stated in all material respects.

This Certification is being
signed by me as an officer of the Master Servicer responsible for reviewing the activities performed by the Master Servicer under the
Pooling and Servicing Agreement.

	 	 
	 	 
	Dated:	 	 	 
	 	 	 	 
	 	 		
	 	 		Name:
	 	 		Title:

    	 	Exhibit Z-2-2	 

    

    

EXHIBIT Z-3

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY SPECIAL SERVICER

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, issued pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing
Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate
Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer.

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be signed
by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other Securitization,
to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange Commission pursuant to
the Sarbanes-Oxley Act of 2002:

1.                 
I (or Servicing Officers under my supervision) have reviewed the servicing and other information required to be provided by the
Special Servicer in accordance with the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for the period
ended December 31, 20[__] (“Form 10-K”) and all information required to be provided by the Special Servicer in accordance
with the Pooling and Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required to be filed in respect of the
period covered by the Form 10-K (collectively with the Form 10-K, the “Reports”) (such information provided by the
Special Servicer, collectively, the “Special Servicer Periodic Information”);

2.                 
Based on my knowledge, the Special Servicer Periodic Information, taken as a whole, does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K;

3.                 
Based on my knowledge, all servicing and other information required to be provided by the Special Servicer under the Pooling and
Servicing Agreement for inclusion in the Reports for the period covered by the Form 10-K is included in the Special Servicer Periodic
Information;

4.                 
I (or Servicing Officers under my supervision) am responsible for reviewing the activities performed by the Special Servicer under
the Pooling and Servicing

    	 	Exhibit Z-3-1	 

    

    

Agreement, and based on my knowledge and the
compliance review conducted in preparing the Special Servicer’s compliance statement required to be delivered under Article XI of
the Pooling and Servicing Agreement for inclusion in the Form 10-K under Item 1123 of Regulation AB, and except as disclosed in the Special
Servicer Periodic Information, the Special Servicer has fulfilled its obligations under the Pooling and Servicing Agreement in all material
respects;

5.                 
The accountants that are to deliver the annual attestation report on assessment of compliance with the Relevant Servicing Criteria
in respect of the Special Servicer with respect to the Trust’s fiscal year _____ have been provided all information relating to
the Special Servicer’s assessment of compliance with the Relevant Servicing Criteria in order to enable them to conduct a review
in compliance with the standards for attestation engagements issued or adopted by the PCAOB; and

6.                 
All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Special Servicer
or any Servicing Function Participant retained by the Special Servicer (the “Relevant Servicing Criteria”) and their
related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Pooling and Servicing
Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and
15d-18, have been delivered in accordance with the Pooling and Servicing Agreement. All material instances of noncompliance with the Relevant
Servicing Criteria have been disclosed in such reports and such assessment of compliance with servicing criteria is fairly stated in all
material respects.

This Certification is being
signed by me as an officer of the Special Servicer responsible for reviewing the activities performed by the Special Servicer under the
Pooling and Servicing Agreement.

	 	 
	 	 
	Dated:	 	 	 
	 	 	 	 
	 	 		
	 	 		Name:
	 	 		Title:

    	 	Exhibit Z-3-2	 

    

    

EXHIBIT Z-4

Form
of Certification to be Provided

to Depositor by Trustee

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, issued pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing
Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate
Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer.

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be signed
by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other Securitization,
to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange Commission pursuant to
the Sarbanes-Oxley Act of 2002:

1.                 
I (or officers under my supervision) have reviewed the information required to be provided by the Trustee in accordance with the
Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December 31, 20[__] (“Form
10-K”) and all information required to be provided by the Trustee in accordance with the Pooling and Servicing Agreement for
inclusion in the reports on Form 10-D and Form 8-K required to be filed in respect of the period covered by the Form 10-K (collectively
with the Form 10-K, the “Reports”) (such information provided by the Trustee, collectively, the “Trustee Periodic
Information”);

2.                 
Based on my knowledge, the Trustee Periodic Information, taken as a whole, does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K;

3.                 
Based on my knowledge, all information required to be provided by the Trustee under the Pooling and Servicing Agreement for inclusion
in the Reports for the period covered by the Form 10-K is included in the Trustee Periodic Information;

4.                 
I (or officers under my supervision) am responsible for reviewing the activities performed by the Trustee under the Pooling and
Servicing Agreement, and based on my knowledge and the compliance review conducted in preparing the Trustee’s compliance

    	 	Exhibit Z-4-1	 

    

    

statement to be delivered under Article XI
of the Pooling and Servicing Agreement required for inclusion in the Form 10-K under Item 1123 of Regulation AB, and except as disclosed
in the Trustee Periodic Information, the Trustee has fulfilled its obligations under the Pooling and Servicing Agreement in all material
respects; and

5.                 
All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Trustee or
any Servicing Function Participant retained by the Trustee (the “Relevant Servicing Criteria”) and their related attestation
reports on assessment of compliance with the Relevant Servicing Criteria required under the Pooling and Servicing Agreement to be delivered
for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18, have been delivered
in accordance with the Pooling and Servicing Agreement. All material instances of noncompliance with the Relevant Servicing Criteria have
been disclosed in such reports and such assessment of compliance with servicing criteria is fairly stated in all material respects.

This Certification is being
signed by me as an officer of the Trustee responsible for reviewing the activities performed by the Trustee under the Pooling and Servicing
Agreement.

	 	 
	 	 
	Dated:	 	 	 
	 	 	 	 
	 	 		
	 	 		Name:
	 	 		Title:

    	 	Exhibit Z-4-2	 

    

    

EXHIBIT Z-5

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY OPERATING ADVISOR

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, issued pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing
Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate
Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer.

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be signed
by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other Securitization,
to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange Commission pursuant to
the Sarbanes-Oxley Act of 2002:

1.                 
I (or officers under my supervision) have reviewed the information required to be provided by the Operating Advisor in accordance
with the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December 31, 20[__] (“Form
10-K”) and all information required to be provided by the Operating Advisor in accordance with the Pooling and Servicing Agreement
for inclusion in all reports on Form 10-D and Form 8-K required to be filed in respect of the period covered by the Form 10-K (collectively
with the Form 10-K, the “Reports”) (such information provided by the Operating Advisor, collectively, the “Operating
Advisor Periodic Information”);

2.                 
Based on my knowledge, the Operating Advisor Periodic Information, taken as a whole, does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K;

3.                 
Based on my knowledge, all information required to be provided by the Operating Advisor under the Pooling and Servicing Agreement
for inclusion in the Reports for the period covered by the Form 10-K is included in the Operating Advisor Periodic Information;

4.                 
The accountants that are to deliver the annual attestation report on assessment of compliance with the Relevant Servicing Criteria
in respect of the Operating Advisor with respect to the Trust’s fiscal year _____ have been provided all information relating

    	 	Exhibit Z-5-1	 

    

    

to the Operating Advisor’s assessment
of compliance with the Relevant Servicing Criteria in order to enable them to conduct a review in compliance with the standards for attestation
engagements issued or adopted by the PCAOB; and

5.                 
All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Operating
Advisor or any Servicing Function Participant retained by the Operating Advisor (the “Relevant Servicing Criteria”)
and their related attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Pooling and
Servicing Agreement to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules
13a-18 and 15d-18, have been delivered in accordance with the Pooling and Servicing Agreement. All material instances of noncompliance
with the Relevant Servicing Criteria have been disclosed in such reports and such assessment of compliance with servicing criteria is
fairly stated in all material respects.

This Certification is being
signed by me as an officer of the Operating Advisor responsible for reviewing the activities performed by the Operating Advisor under
the Pooling and Servicing Agreement.

	 	 
	 	 
	Dated:	 	 	 
	 	 	 	 
	 	 		
	 	 		Name:
	 	 		Title:

    	 	Exhibit Z-5-2	 

    

    

EXHIBIT Z-6

Form
of Certification to be Provided

to Depositor by CUSTODIAN

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36, issued pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing
Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate
Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset
Representations Reviewer.

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be signed
by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other Securitization,
to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange Commission pursuant to
the Sarbanes-Oxley Act of 2002:

1.                 
I (or officers under my supervision) have reviewed the information required to be provided by the Custodian in accordance with
the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December 31, 20[__] (“Form
10-K”) and all information required to be provided by the Custodian in accordance with the Pooling and Servicing Agreement for
inclusion in all reports on Form 10-D and Form 8-K required to be filed in respect of the period covered by the Form 10-K (collectively
with the Form 10-K, the “Reports”) (such information provided by the Custodian, collectively, the “Custodian
Periodic Information”);

2.                 
Based on my knowledge, the Custodian Periodic Information, taken as a whole, does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K;

3.                 
Based on my knowledge, all information required to be provided by the Custodian under the Pooling and Servicing Agreement for inclusion
in the Reports for the period covered by the Form 10-K is included in the Custodian Periodic Information;

4.                 
I (or officers under my supervision) am responsible for reviewing the activities performed by the Custodian under the Pooling and
Servicing Agreement, and based on my knowledge and the compliance review conducted in preparing the Custodian’s compliance

    	 	Exhibit Z-6-1	 

    

    

statement to be delivered under Article XI
of the Pooling and Servicing Agreement required for inclusion in the Form 10-K under Item 1123 of Regulation AB, and except as disclosed
in the Custodian Periodic Information, the Custodian has fulfilled its obligations under the Pooling and Servicing Agreement in all material
respects; and

5.                 
All of the reports on assessment of compliance with servicing criteria for asset-backed securities applicable to the Custodian
or any Servicing Function Participant retained by the Custodian (the “Relevant Servicing Criteria”) and their related
attestation reports on assessment of compliance with the Relevant Servicing Criteria required under the Pooling and Servicing Agreement
to be delivered for inclusion in the Form 10-K in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18,
have been delivered in accordance with the Pooling and Servicing Agreement. All material instances of noncompliance with the Relevant
Servicing Criteria have been disclosed in such reports and such assessment of compliance with servicing criteria is fairly stated in all
material respects.

This Certification is being
signed by me as an officer of the Custodian responsible for reviewing the activities performed by the Custodian under the Pooling and
Servicing Agreement.

	 	 
	 	 
	Dated:	 	 	 
	 	 	 	 
	 	 		
	 	 		Name:
	 	 		Title:

    	 	Exhibit Z-6-2	 

    

    

EXHIBIT Z-7

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY ASSET REPRESENTATIONS REVIEWER

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series
2022-B36, issued pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator,
Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer.

I, [identity of certifying
individual], hereby certify, with the knowledge and intent that this Certification will be relied upon by the applicable Certification
Parties (as defined in the Pooling and Servicing Agreement) (i) in connection with the certification concerning the Trust, to be signed
by an officer of the Depositor and/or (ii) in connection with the certification concerning the trust related to an Other Securitization,
to be signed by an officer of the Other Depositor, as applicable, and submitted to the Securities and Exchange Commission pursuant to
the Sarbanes-Oxley Act of 2002:

 

1.       I
(or officers under my supervision) have reviewed the information required to be provided by the Asset Representations Reviewer in accordance
with the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K for the period ended December 31, 20[__] (“Form
10-K”) and all information required to be provided by the Asset Representations Reviewer in accordance with the Pooling and
Servicing Agreement for inclusion in all reports on Form 10-D and Form 8-K required to be filed in respect of the period covered by the
Form 10-K (collectively with the Form 10-K, the “Reports”) (such information provided by the Asset Representations
Reviewer, collectively, the “Asset Representations Reviewer Periodic Information”);

 

2.       Based
on my knowledge, the Asset Representations Reviewer Periodic Information, taken as a whole, does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by the Form 10-K; and

 

3.       Based
on my knowledge, all information required to be provided by the Asset Representations Reviewer under the Pooling and Servicing Agreement
for inclusion in the Reports for the period covered by the Form 10-K is included in the Asset Representations Reviewer Periodic Information.

 

    	 	Exhibit Z-7-1	 

    

    

       This
Certification is being signed by me as an officer of the Asset Representations Reviewer responsible for reviewing the activities performed
by the Asset Representations Reviewer under the Pooling and Servicing Agreement.

	 	 
	 	 
	Dated:	 	 	 
	 	 	 	 
	 	 		
	 	 		Name:
	 	 		Title:

    	 	Exhibit Z-7-2	 

    

    

EXHIBIT AA

Servicing
Criteria

to be Addressed in Assessment of Compliance

The assessment of compliance
to be delivered by the referenced party shall address, at a minimum, the criteria identified below as “Applicable Servicing Criteria”
applicable to such party, as such criteria may be updated or limited by the Commission or its staff (including, without limitation, not
requiring the delivery of certain of the items set forth on this Exhibit based on interpretive guidance provided by the Commission or
its staff relating to Item 1122 of Regulation AB). For the avoidance of doubt, for purposes of this Exhibit AA, other than with
respect to Item 1122(d)(2)(iii), references to Servicer below shall include any Sub-Servicer engaged by a Master Servicer or Special Servicer.

 

	 	APPLICABLE Servicing Criteria 	applicable

PARTY
	Reference	Criteria	 
	 	General Servicing Considerations	 
	1122(d)(1)(i)	Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.	
    Certificate Administrator

    Master Servicer

    Special Servicer

	1122(d)(1)(ii)	If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.	
    Certificate Administrator

    Master Servicer

    Special Servicer

	1122(d)(1)(iii)	Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.	N/A
	1122(d)(1)(iv)	A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.	
    Master Servicer

    Special Servicer

    Custodian (as applicable)

	1122(d)(1)(v)	Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.	Certificate Administrator

Master Servicer

Special Servicer
	 	Cash Collection and Administration	 
	1122(d)(2)(i)	Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.	
    Certificate Administrator

    Master Servicer

    Special Servicer

	1122(d)(2)(ii)	Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	Certificate Administrator
	1122(d)(2)(iii)	Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.	Master Servicer

Special Servicer

Trustee (as applicable)1
	1122(d)(2)(iv)	The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	
    Certificate Administrator

    Master Servicer

    Special Servicer

 

 

1     Only to the extent that the Trustee was required to make an Advance pursuant to the Pooling
and Servicing Agreement during the applicable calendar year.

    	 	Exhibit AA-1	 

    

    

 

	 	APPLICABLE Servicing Criteria 	applicable 

PARTY
	Reference	Criteria	 
	1122(d)(2)(v)	Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Exchange Act.	
    Certificate Administrator

    Master Servicer

    Special Servicer

	1122(d)(2)(vi)	Unissued checks are safeguarded so as to prevent unauthorized access.	
    Certificate Administrator

    Master Servicer

    Special Servicer

	1122(d)(2)(vii)	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.	Certificate Administrator

Master Servicer

Special Servicer
	 	Investor Remittances and Reporting	 
	1122(d)(3)(i)	Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of mortgage loans serviced by the Reporting Servicer.	Certificate Administrator

Operating Advisor (with respect to A and B)

	1122(d)(3)(ii)	Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.	Certificate Administrator
	1122(d)(3)(iii)	Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.	Certificate Administrator
	1122(d)(3)(iv)	Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	Certificate Administrator
	 	Pool Asset Administration	 
	1122(d)(4)(i)	Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.	Custodian

Master Servicer

Special Servicer
	1122(d)(4)(ii)	Mortgage loan and related documents are safeguarded as required by the transaction agreements	Custodian
	1122(d)(4)(iii)	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.	Certificate Administrator

Master Servicer

Special Servicer
	1122(d)(4)(iv)	Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan documents.	Master Servicer
	1122(d)(4)(v)	The Reporting Servicer’s records regarding the mortgage loans agree with the Reporting Servicer’s records with respect to an obligor’s unpaid principal balance.	Master Servicer
	1122(d)(4)(vi)	Changes with respect to the terms or status of an obligor’s mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.	Master Servicer

Special Servicer

    	 	Exhibit AA-2	 

    

    

 

	 	APPLICABLE Servicing Criteria 	applicable 

PARTY
	Reference	Criteria	 
	1122(d)(4)(vii)	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.	Special Servicer

Operating Advisor
	1122(d)(4)(viii)	Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	Master Servicer

Special Servicer
	1122(d)(4)(ix)	Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents.	Master Servicer
	1122(d)(4)(x)	Regarding any funds held in trust for an obligor (such as escrow accounts):  (A) such funds are analyzed, in accordance with the obligor’s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements.	Master Servicer
	1122(d)(4)(xi)	Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	Master Servicer
	1122(d)(4)(xii)	Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.	Master Servicer
	1122(d)(4)(xiii)	Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.	Master Servicer
	1122(d)(4)(xiv)	 Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	Master Servicer
	1122(d)(4)(xv)	Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.	N/A

At all times that the Certificate
Administrator and the Trustee are the same entity, the Trustee and Certificate Administrator may provide a combined assessment of compliance
in respect of their combined responsibilities under Section 1122 of Regulation AB.

At all times that the Master
Servicer and the Special Servicer are the same entity, the Master Servicer and the Special Servicer may provide a combined assessment
of compliance in respect of their combined responsibilities under Section 1122 of Regulation AB.

    	 	Exhibit AA-3	 

    

    

EXHIBIT BB

ADDITIONAL
FORM 10-D DISCLOSURE

The parties identified in
the “Party Responsible” column are obligated pursuant to Section 11.04 of the Pooling and Servicing Agreement to disclose
to the Depositor and the Certificate Administrator (or the Master Servicer, to the extent specified in Section 11.04 of the Pooling and
Servicing Agreement) any information described in the corresponding Form 10-D Item described in the “Item on Form 10-D” column
to the extent such party has knowledge (and in the case of net operating income information, financial statements, annual operating statements,
budgets and/or rent rolls required to be provided in connection with Item 6 below, possession) of such information (other than information
as to itself). Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such)
shall be entitled to rely on the accuracy of the Prospectus (other than information with respect to itself that is set forth in or omitted
from the Prospectus), in the absence of specific notice to the contrary from the Depositor or a Mortgage Loan Seller. Each of the Certificate
Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled to assume that there
is no “significant obligor” other than a party or property identified as such in the Prospectus and to assume that no other
party or property will constitute a “significant obligor” after the Cut-off Date. In no event shall the Master Servicer or
the Special Servicer be required to provide any information for inclusion in a Form 10-D that relates to any Mortgage Loan for which the
Master Servicer or the Special Servicer is not the Master Servicer or the Special Servicer, as the case may be. For this Benchmark 2022-B36
Pooling and Servicing Agreement, each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in
its capacity as such) shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative instruments
within the meaning of Items 1114 or 1115 of Regulation AB.

 

	Item
    on Form 10-D	Party
    Responsible
	
    Item 1A: Asset-Level Information

    ●   Item 1111(h)
    of Regulation AB

    ●   Item 1125
    of Regulation AB
	
    ●   Each
    Mortgage Loan Seller (as to its Mortgage Loans for any period prior to the reporting period applicable to the first Form 10-D filed
    with respect to the Trust)

    ●   Master
    Servicer

	
    Item 1B: Asset Representations Reviewer and Investor Communication:

    ●   Item 1121(d)
    of Regulation AB

    ●   Item 1121(e)
    of Regulation AB
	
    ●   Certificate
    Administrator

    ●   Depositor

    ●   Asset
    Representations Reviewer

    	 	Exhibit BB-1	 

    

    

 

	Item
    on Form 10-D	Party
    Responsible
	Item
                                            2: Legal Proceedings:

    ●     Item
    1117 of Regulation AB (it being acknowledged that such Item 1117 requires disclosure only of proceedings described therein that
    are material to security holders)
	●     Master
                                            Servicer (as to itself)

    ●     Special
    Servicer (as to itself)

    ●     Certificate
    Administrator (as to itself)

    ●     Trustee
    (as to itself)

    ●     Depositor
    (as to itself)

    ●     Operating
    Advisor (as to itself)

    ●     Asset
    Representations Reviewer (as to itself)

    ●     Any
    other Reporting Servicer (as to itself)

    ●     Trustee/Certificate
    Administrator/Master Servicer/Depositor/Special Servicer as to the Trust (whichever of them is in principal control of the proceedings)

    ●     Each
    Mortgage Loan Seller as sponsor (as defined in Regulation AB)

    ●     Originators
    under Item 1110 of Regulation AB

    ●     Party
    under Item 1100(d)(1) of Regulation AB

	Item
    3:  Sale of Securities and Use of Proceeds	●     Depositor
	Item
    4:  Defaults Upon Senior Securities	●     Certificate
    Administrator
	Item
    5:  Submission of Matters to a Vote of Security Holders	●     Certificate
    Administrator
	Item
                                            6: Significant Obligors of Pool Assets:

●     Item
1112(b) of Regulation AB 
	●     Master
                                            Servicer (excluding information for which the Special Servicer is the “Party Responsible”)

 

 

    	 	Exhibit BB-2	 

    

    

	Item
    on Form 10-D	Party
    Responsible
	provided,
                                            however, that all of the following conditions shall apply:

    (a) information shall be required
    to be reported only with respect to a party or property (if any) identified as a “significant obligor” in the Prospectus;

    (b) the information to be reported
    shall consist of such quarterly and annual operating statements, budgets and rent rolls of the related Mortgaged Property or REO
    Property (as applicable), and quarterly and annual financial statements of the related Borrower (except in the case of an REO Property),
    received or prepared by the “Party Responsible” pursuant to its obligations under Section 3.12(b) of this Agreement;
    provided, however, that for a significant obligor under item 1101(k)(2) of Regulation AB, only net operating income
    for the most recent fiscal year and interim period is required and, if such information for a prior period was required but
    not previously reported, such information for such prior period; and

    (c) the information shall be
    reportable in the Form 10-D that relates to the Distribution Date that immediately follows the Collection Period in which the information
    was received or prepared by the “Party Responsible” as described in clause (b) above.

     
	

    ●     Special
    Servicer (as to REO Properties)

	Item
                                            7: Change in Sponsor Interest in the Securities:

    ●     Item 1124 of Regulation AB
	●     Each
    Mortgage Loan Seller (as to itself in its capacity as a sponsor as defined in Regulation AB)

	Item
                                            8: Significant Enhancement Provider Information:

    ●     Item
    1114(b)(2) and Item 1115(b) of 
	●     Depositor

 

    	 	Exhibit BB-3	 

    

    

 

	Item
    on Form 10-D	Party
    Responsible
	Regulation
                                            AB
	 
	Item
    9:  Other Information, but only to the extent of any information that meets all the following conditions:  (a)
    such information constitutes “Additional Form 8-K Disclosure” pursuant to Exhibit DD, (b) such information is
    required to be reported as “Additional Form 8-K Disclosure” during the period to which the Form 10-D relates, and (c)
    such information was not previously reported as “Additional Form 8-K Disclosure”.	●     Certificate
                                            Administrator, Trustee, Master Servicer and/or Special Servicer, in each case to the extent
                                            that such party is the “Party Responsible” with respect to such information pursuant
                                            to Exhibit DD.

    ●     Certificate
    Administrator (including the balances of the Distribution Account, the Interest Reserve Account and the Gain-on-Sale Reserve Account
    as of the related Distribution Date and the preceding Distribution Date)

    ●     Master
    Servicer (with respect to the balances of each REO Account (to the extent the related information has been received from the Special
    Servicer within the time period specified in Section 11.04 of this Agreement) and the Collection Account as of the related Distribution
    Date and the preceding Distribution Date)

    ●     Special
    Servicer (with respect to the balance of each REO Account as of the related Distribution Date and the preceding Distribution Date)

    ●     Any
    other party responsible for disclosure items on Form 8-K (including each applicable Seller with respect to Item 1100(e) of Regulation
    AB to the extent material to Certificateholders)

	Item
                                            10: Exhibits (no. 3):

    Articles of incorporation and
    by-laws (Exhibit No. 3(i) and 3(ii) of Item 601 of Regulation S-K)
	●     Depositor

	Item
    10: Exhibits (no. 4):	●     Certificate
                                            Administrator

 

    	 	Exhibit BB-4	 

    

    

	Item
    on Form 10-D	Party
    Responsible
	

    With respect to instruments defining
    the rights of security holders (Exhibit No. 4 of Item 601 of Regulation S-K)
	

    ●     Depositor

    provided, in each case,
    that this shall in no event be construed to make such party responsible for the initial filing of this 

    provided further, in
    each case, that in the event any reportable agreement is executed by the Depositor and the Trustee or Certificate Administrator,
    then the Depositor shall be the responsible party.

	Item 10: Exhibits (no. 10):

    Material contracts (Exhibit No.
    10 of Item 601 of Regulation S-K)
	●     Certificate
    Administrator, Trustee, Master Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies all
    the following conditions:  (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage Loans,
    and (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party or that such
    party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the Trust

	Item 10: Exhibits (no. 22):

    Published Report Regarding Matters
    Submitted to a Vote of Security Holders (Exhibit No. 22 of Item 601 of Regulation S-K), but only if the party that is the “Party
    Responsible” with respect to Item 5 above elects to publish a report containing the information required by such Item 5 above
    and also elects to report the information on Form 10-D by means of filing the published report and answering Item 5 by referencing
    the published report.
	●     The
    applicable party that is the “Party Responsible” with respect to Item 5 as set forth above.

	
    Item 10: Exhibits (no. 23):

    Consents of Experts and Counsel (Exhibit No. 23(ii) of Item 601
    of Regulation S-K), where the filing of a written consent is 
	●     Depositor

 

    	 	Exhibit BB-5	 

    

    

 

 

	Item
    on Form 10-D	Party
    Responsible
	required with respect
    to material (in the Form 10-D) that is incorporated by reference in the Depositor’s registration statement.	 
	Item 10: Exhibits (no. 24)

    Power of Attorney (Exhibit No.
    24 of Item 601 of Regulation S-K), but only if the name of any party signing the Form 10-D, or the name of any officer signing the
    Form 10-D on behalf of a party, is signed pursuant to a power of attorney.
	●     Certificate
    Administrator

	Item 10: Exhibits (no. 99)

    Additional exhibits (Exhibit
    No. 99 of Item 601 of Regulation S-K)
	●     Not
    Applicable.

	Item 10: Exhibits (no. 100)

    XBRL-Related Documents (Exhibit
    No. 100 of Item 601 of Regulation S-K).
	●     Not
    Applicable.

	Item
    10:  Exhibits (By Operation of Item 8 Above), but only to the extent of any document that meets all the following conditions:  (a)
    such document constitutes “Additional Form 8-K Disclosure” pursuant to Item 9.01(d) of Exhibit DD, (b) such document
    is required to be reported as “Additional Form 8-K Disclosure” during the period to which the Form 10-D relates, and
    (c) such document was not previously reported as “Additional Form 8-K Disclosure”.	●     Certificate
    Administrator, Depositor and Trustee, in each case only to the extent that such party is the “Party Responsible” for
    the exhibit pursuant to Item 9(d) of Exhibit DD (it being acknowledged that none of the Master Servicer or the Special Servicer
    constitutes a “Party Responsible” under Exhibit DD with respect to any exhibits to a Form 10-K); provided,
    in each case, that in the event any reportable agreement is executed by the Depositor and the Trustee or Certificate Administrator,
    then the Depositor shall be the responsible party for this Item 10.

    	 	Exhibit BB-6	 

    

    

EXHIBIT CC

ADDITIONAL
FORM 10-K DISCLOSURE

The parties identified in
the “Party Responsible” column are obligated pursuant to Section 11.05 of the Pooling and Servicing Agreement to disclose
to the Depositor and the Certificate Administrator any information described in the corresponding Form 10-K Item described in the “Item
on Form 10-K” column to the extent such party has knowledge (and in the case of net operating income information, financial statements,
annual operating statements, budgets and/or rent rolls required to be provided in connection with 1112(b) below, possession) of such information
(other than information as to itself). Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer
(in its capacity as such) shall be entitled to rely on the accuracy of the Prospectus (other than information with respect to itself that
is set forth in or omitted from the Prospectus), in the absence of specific notice to the contrary from the Depositor or a Mortgage Loan
Seller. Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall
be entitled to assume that there is no “significant obligor” other than a party or property identified as such in the Prospectus
and to assume that no other party or property will constitute a “significant obligor” after the Cut-off Date. In no event
shall the Master Servicer or the Special Servicer be required to provide any information for inclusion in a Form 10-K that relates to
any Mortgage Loan for which the Master Servicer or the Special Servicer is not the applicable Master Servicer or Special Servicer, as
the case may be. For this Benchmark 2022-B36 Pooling and Servicing Agreement, each of the Certificate Administrator, the Trustee, the
Master Servicer and the Special Servicer (in its capacity as such) shall be entitled to assume that there is no provider of credit enhancement,
liquidity or derivative instruments within the meaning of Items 1114 or 1115 of Regulation AB.

 

	Item on Form 10-K	Party Responsible
	
    Item 1B: Unresolved Staff Comments

     
	●     Depositor

	
    Item 9B: Other Information, but only to the extent of any information
    that meets all the following conditions:

    (a) such information constitutes “Additional Form 8-K Disclosure”
    pursuant to Exhibit DD,

    (b) such information is required to be reported as “Additional
    Form 8-K Disclosure” during the period to which the Form 10-K relates, and

    (c) such information was not previously 
	●     Certificate Administrator, Trustee, Master Servicer and/or Special Servicer, in each case to the extent that such party is the “Party Responsible” with respect to such information pursuant to Exhibit DD.  

 

    	 	Exhibit CC-1	 

    

    

 

	Item
    on Form 10-K	Party
    Responsible
	reported
    as “Additional Form 8-K Disclosure” or as “Additional Form 10-D Disclosure”	 
	Item
    15:  Exhibits, Financial Statement Schedules (SEE BELOW)	SEE
    BELOW
	Instruction
                                            J(2)(b) (Significant Obligors of Pool Assets) – Part 1 of 3 Parts:

    ●     Item
    1112(b) of Regulation AB, but only to the extent that (i) such information was required to have been set forth in the Prospectus,
    (ii) such information was not so set forth and (iii) the applicable Master Servicer has not previously reported such information
    as “Additional Form 10-D Information”.

     
	●     The
                                            applicable Mortgage Loan Seller

     

	Instruction
                                            J(2)(b) (Significant Obligors of Pool Assets) – Part 2 of 3 Parts:

    ●     Item
    1112(b) of Regulation AB, but only to the extent that (i) such information was set forth in the Prospectus and (ii) the applicable
    Master Servicer has not previously reported such information or updated versions thereof as “Additional Form 10-D Information”.

     
	●     The
    Depositor

	Instruction J(2)(b) (Significant
    Obligors of Pool Assets) – Part 3 of 3 Parts:

    ●     Item
    1112(b) of Regulation AB; provided, however, that all of the following conditions shall apply:

    (a) information shall be required
    to be reported only with respect to a party or

     
	●     Master
    Servicer (excluding information for which the Special Servicer is the “Party Responsible”)

    ●     Special
    Servicer (as to REO Properties)

 

    	 	Exhibit CC-2	 

    

    

 

	Item
    on Form 10-K	Party
    Responsible
	property
                                            (if any) identified as a “significant obligor” in the Prospectus;

(b) the information to be reported
shall consist of such quarterly and annual operating statements, budgets and rent rolls of the related Mortgaged Property or REO Property
(as applicable), and quarterly and annual financial statements of the related Borrower (except in the case of an REO Property), received
or prepared by the “Party Responsible” pursuant to its obligations under Section 3.12(b) of this Agreement; provided,
however, that for a significant obligor described under item 1101(k)(2) of Regulation AB, only net operating income for the most
recent fiscal year and interim period is required and, if such information for a prior period was required but not previously reported, such
information for such prior period; and

(c) the information shall be reportable
only to the extent that is has not previously been reported as “Additional Form 10-D Information”.
	 
	Instruction
                                            J(2)(c) (Significant Enhancement Provider Information):

    ●     Items
    1114(b)(2) and 1115(b) of Regulation AB

     
	●     Depositor

	Instruction
                                            J(2)(d) (Legal Proceedings):

                                                                                                                                                                            

●     Item
1117 of Regulation AB (it being acknowledged that such Item 1117 requires disclosure only of proceedings described therein that are
material to security holders)
	●     Master
                                            Servicer (as to itself)

●     Special
Servicer (as to itself)

●     Certificate
Administrator (as to itself)

●     Trustee
(as to itself)
 

 

    	 	Exhibit CC-3	 

    

    

	Item
    on Form 10-K	Party
    Responsible
	
	

    ●     Depositor
    (as to itself)

    ●     Trustee/Certificate
    Administrator /Master Servicer/Depositor/Special Servicer as to the Trust (whichever of them is in principal control of the proceedings)

    ●     Each
    Mortgage Loan Seller as sponsor (as defined in Regulation AB)

    ●     Originators
    under Item 1110 of Regulation AB

    ●     Party
    under Item 1100(d)(1) of Regulation AB

	Instruction
                                            J(2)(e) (Affiliations and Certain Relationships and Related Transactions) – Part 1
                                            of 2 Parts:

1119(a) of Regulation AB,

but only the existence and (if existent)
how there is (that is, the nature of) any affiliation between itself (that is, the particular “Party Responsible”), on the
one hand, and any one or more of the following, on the other: (1) the Depositor, (2) any Mortgage Loan Seller, (3) the Trust and (4)
any other party listed under this item as a “Party Responsible”; provided, however, that an affiliation
need not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the Prospectus or if it was previously reported
as “Additional Form 10-K Disclosure”.

and

●     1119(b)
of Regulation AB,

but only the existence and (if existent)
the general character of any business relationship, agreement, arrangement,
 	●     Master
                                            Servicer (as to itself) (only as to affiliations under Item 1119(a) with the Trustee, Certificate
                                            Administrator, each Special Servicer or a sub-servicer retained by it meeting any of the
                                            descriptions in Item 1108(a)(3)).

●     Special
Servicer

●     Certificate
Administrator

●     Trustee

●     Asset
Representations Reviewer

●     Each
party (other than a Mortgage Loan Seller), if any, that is identified in the Prospectus as an “originator” of one or more
Mortgage Loans, if the Prospectus specifically states that the applicable Mortgage Loans were 10% or more of the assets of the Trust
at the date of the Prospectus (provided that such a party shall no longer constitute a “Party Responsible” under this item
from and after the date (if any) when the Depositor notifies the parties to this Agreement to the effect that such party no longer constitutes
an originator of 10% or

 

 

    	 	Exhibit CC-4	 

    

    

 

	Item
    on Form 10-K	Party
    Responsible
	transaction or understanding that
    is entered into outside the ordinary course of business or is on terms other than would be obtained in an arm’s length transaction
    with an unrelated third party (apart from the Series 2022-B36 transaction) between itself (that is, the particular “Party Responsible”)
    or any of its affiliates, on the one hand, and any one or more of the following, on the other: (1) the Depositor, (2) any Mortgage
    Loan Seller, and (3) the Trust; provided, however, that a relationship, agreement, arrangement, transaction or understanding
    (A) must be reported only if it then exists or existed within the two prior years, (B) need not be reported if it is not material
    to an investor’s understanding of the Certificates and (C) need not be disclosed for purposes of the applicable Form 10-K if
    it was disclosed in the Prospectus or if it was previously reported as “Additional Form 10-K Disclosure”.

    and

    ●     1119(c)
    of Regulation AB,

    but only the existence and (if
existent) a description (including the terms and approximate dollar amount) of any specific relationship involving or related to the
Series 2022-B36 transaction or the Mortgage Loans between itself (that is, the particular “Party Responsible”) or any of
its affiliates, on the one hand, and any one or more of the following, on the other: (1) the Depositor, (2) any Mortgage Loan Seller,
and (3) the Trust; provided, however, that a relationship (A) must be reported only if it then exists or existed within
the two prior years, (B) need not be reported if it is not material to an investor’s understanding of the Certificates and (C)
need not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the Prospectus or if it was previously
	more
    of the assets of the Trust).

    ●     Each
    party (other than a Mortgage Loan Seller), if any, that is specifically identified as an “originator of 10% or more of the
    assets of the Trust for purposes of Regulation AB and the upcoming Form 10-K” in a written notice delivered to the parties
    to this Agreement, which notice is delivered not later than February 15 of the year in which the Form 10-K is due.

    ●     Each
    party (if any) that is identified in the Prospectus as an “other material party to the securities or transaction” (or
    substantially similar phrasing); provided, however, that such a party shall no longer constitute a “Party Responsible”
    under this item from and after the date (if any) when the Depositor notifies the parties to this Agreement to the effect that such
    party no longer constitutes a material party for purposes of Regulation AB.

    ●     Each
    party (if any) that that is specifically identified as an “other material party to the securities or transaction for purposes
    of Regulation AB and the upcoming Form 10-K” (or substantially similar phrasing) in a written notice delivered by the Depositor
    to the parties to this Agreement, which notice is delivered not later than February 15 of the year in which the Form 10-K is due.

 

    	 	Exhibit CC-5	 

    

    

 

	Item
    on Form 10-K	Party
    Responsible
	reported
    as “Additional Form 10-K Disclosure”.	 
	Instruction J(2)(e) (Affiliations
    and Certain Relationships and Related Transactions) – Part 2 of 2 Parts:

    1119(a) of Regulation AB,

    But only the existence and (if
    existent) how there is any affiliation between itself (that is, the particular “Party Responsible”), on the one hand,
    and any one or more of the parties listed under the preceding item as a “Party Responsible”, on the other; provided,
    however, that an affiliation need not be disclosed for purposes of the applicable Form 10-K if it was disclosed in the Prospectus
    or if it was previously reported as “Additional Form 10-K Disclosure”.

    and

    ●     1119(b)
    of Regulation AB,

    but only the existence and (if
existent) the general character of any business relationship, agreement, arrangement, transaction or understanding that is entered into
outside the ordinary course of business or is on terms other than would be obtained in an arm’s length transaction with an unrelated
third party (apart from the Series 2022-B36 transaction) between itself (that is, the particular “Party Responsible”), on
the one hand, and any one or more of the parties listed under the preceding item as a “Party Responsible”, on the
other; provided, however, that a relationship, agreement, arrangement, transaction or understanding (A) must be reported
only if it then exists or existed within the two prior years, (B) need not be reported if it is not material to an 

     
	●     The
    Depositor

    ●     Each
    Mortgage Loan Seller

 

    	 	Exhibit CC-6	 

    

    

 

	Item
    on Form 10-K	Party
    Responsible
	investor’s
                                            understanding of the Certificates and (C) need not be disclosed for purposes of the applicable
                                            Form 10-K if it was disclosed in the Prospectus or if it was previously reported as “Additional
                                            Form 10-K Disclosure”.

and

●     1119(c)
of Regulation AB,

but only the existence and (if existent)
a description (including the terms and approximate dollar amount) of any specific relationship involving or related to the Series 2022-B36
transaction or the Mortgage Loans between itself (that is, the particular “Party Responsible”) or any of its affiliates,
on the one hand, and any one or more of the parties listed under the preceding item as a “Party Responsible”, on the
other; provided, however, that a relationship (A) must be reported only if it then exists or existed within the two prior
years, (B) need not be reported if it is not material to an investor’s understanding of the Certificates and (C) need not be disclosed
for purposes of the applicable Form 10-K if it was disclosed in the Prospectus or if it was previously reported as “Additional
Form 10-K Disclosure”.

	 
	Item
                                            15: Exhibits (no. 2):

    Plan of acquisition, reorganization,
    arrangement, liquidation or succession (Exhibit No. 2 of Item 601 of Regulation S-K)
	●     Depositor

	Item
                                            15: Exhibits (no. 3):

Articles of incorporation and by-laws
(Exhibit No. 3(i) and 3(ii) of Item 601 of 

	●     Depositor

 

    	 	Exhibit CC-7	 

    

    

 

	Item
    on Form 10-K	Party
    Responsible
	Regulation S-K)	 
	Item 15: Exhibits (no. 4):

    With respect to instruments defining
    the rights of security holders (Exhibit No. 4 of Item 601 of Regulation S-K)
	●     Trustee

    ●     Certificate
    Administrator

    ●     Depositor

    provided, in each case,
    that this shall in no event be construed to make such party responsible for the initial filing of this Agreement

    provided further, in
    each case, that in the event any reportable agreement is executed by the Depositor and the Trustee or Certificate Administrator,
    then the Depositor shall be the responsible party.

	Item 15: Exhibits (no. 10):

    Material contracts (Exhibit No.
    10 of Item 601 of Regulation S-K)
	●     Certificate
    Administrator, Trustee, Master Servicer and/or Special Servicer, in each case to the extent of any contract that satisfies all
    the following conditions:  (a) such contract relates to the Trust or one or more Mortgage Loans or REO Mortgage Loans,
    and (b) such contract is a contract to which such party (or a subcontractor or vendor engaged by such party) is a party or that such
    party (or a subcontractor or vendor engaged by such party) has caused to have been executed on behalf of the Trust.

	Item 15: Exhibits (no. 11):

    Statement regarding computation
    of per share earnings (Exhibit No. 11 of Item 601 of Regulation S-K)
	●     Not
    Applicable

	Item 15: Exhibits (no. 12):

    Statement regarding computation
    of ratios (Exhibit No. 12 of Item 601 of Regulation S-K)
	●     Not
    Applicable.

 

    	 	Exhibit CC-8	 

    

    

 

	Item
    on Form 10-K	Party
    Responsible
	Item 15: Exhibits (no. 13):

    Annual report to security holders,
    Form 10-Q and Form 10-QSB, or quarterly report to security holders (Exhibit No. 13 of Item 601 of Regulation S-K)
	●     Not
                                            Applicable

	Item 15: Exhibits (no. 14):

    Code of Ethics (Exhibit No. 14
    of Item 601 of Regulation S-K)
	●     Not
                                            Applicable.

	Item 15: Exhibits (no. 16):

    Letter re change in certifying
    accountant (Exhibit No. 16 of Item 601 of Regulation S-K)
	●     Not
                                            Applicable

	Item 15: Exhibits (no. 18):

    Letter re change in accounting
    principles (Exhibit No. 18 of Item 601 of Regulation S-K)
	●     Not
                                            Applicable.

	Item 15: Exhibits (no. 21):

    Subsidiaries of registrant (Exhibit
    No. 18 of Item 601 of Regulation S-K)
	●     Depositor.

	Item 15: Exhibits (no. 22):

    Published Report Regarding Matters
    Submitted to a Vote of Security Holders (Exhibit No. 22 of Item 601 of Regulation S-K).
	●     Not
                                            Applicable.

	Item
                                            15: Exhibits (no. 23) – Part 1 of 2 Parts:

                                                                                                                                                        

Consents of Experts and Counsel (Exhibit
No. 23(ii) of Item 601 of Regulation S-K), where (a) the filing of a written consent is required with respect to material (in the Form
10-D) that is incorporated by reference in the Depositor’s registration statement and (b) the
	●     Depositor

    	 	Exhibit CC-9	 

    

    

	Item
    on Form 10-K	Party
    Responsible
	consent is not the consent of a registered
    public accounting firm in connection with an attestation delivered pursuant to Section 11.11 of this Agreement.
	
	Item 15: Exhibits (no. 23) –
    Part 2 of 2 Parts:

    Consents of Experts and Counsel
    (Exhibit No. 23(ii) of Item 601 of Regulation S-K), but the required shall consist of a consent of the registered public accounting
    firm for purposes of any attestation report rendered with respect to the particular “Party Responsible” pursuant to Section
    11.11 of this Agreement.
	●     Master
    Servicer

    ●     Special
    Servicer

    ●     Depositor

    ●     Any
    other Servicing Function Participant

    provided, however,
    in each case, that such party shall have the duty to report or deliver, or cause the reporting or delivery, of such consent only
    to the extent that such party is required to deliver or cause the delivery of the related attestation report.

	Item 15: Exhibits (no. 24)

    Power of Attorney (Exhibit No.
    24 of Item 601 of Regulation S-K), but only if the name of any party signing the Form 10-D, or the name of any officer signing the
    Form 10-D on behalf of a party, is signed pursuant to a power of attorney.
	●     Certificate
    Administrator 

	Item 15: Exhibits (no. 31(i))

    Rule 13a-14(a)/15d-14(a) Certifications
    (Exhibit No. 31(i) of Item 601 of Regulation S-K).
	●     Not
    Applicable

	Item 15: Exhibits (no. 31(ii))

    Rule 13a-14(d)/15d-14(d) Certifications
    (Exhibit No. 31(ii) of Item 601 of Regulation S-K).
	●     Delivery
    of this exhibit (Sarbanes-Oxley certification and backup certifications) is governed by Section 11.06 (and Section 11.05) of this
    Agreement.

	Item 15: Exhibits (no. 32)

    Section 1350 Certifications (Exhibit
    No. 32 of Item 601 of Regulation S-K).
	●     Not
    Applicable.

	Item
    15: Exhibits (no. 33)	●     Delivery
                                            of this exhibit (annual compliance 

 

    	 	Exhibit CC-10	 

    

    

 

	Item
    on Form 10-K	Party
    Responsible
	
    

    Report on assessment of compliance with servicing criteria for asset-backed
    securities (Exhibit No. 33 of Item 601 of Regulation S-K).
	assessment) is governed by Section 11.10 (and Section 11.07) of this Agreement.

	
    Item 15: Exhibits (no. 34)

    Attestation report on assessment of compliance with servicing criteria
    for asset-backed securities (Exhibit No. 34 of Item 601 of Regulation S-K).
	●     Delivery of this exhibit (annual accountants’ attestation report) is governed by Section 11.11 (and Section 11.07) of this Agreement.

	
    Item 15: Exhibits (no. 35)

    Servicer compliance statement (Exhibit No. 35 of Item 601 of Regulation
    S-K).
	●     Delivery of this exhibit (annual servicer compliance statements) is governed by Section 11.09 (and Section 11.07) of this Agreement.

	
    Item 15: Exhibit (no. 36)

    Certification For Shelf Offerings of Asset-Backed Securities (Exhibit
    No. 36 of Item 601 of Regulation S-K).
	●     Depositor.

	
    Item 15: Exhibits (no. 99)

    Additional exhibits (Exhibit No. 99 of Item 601 of Regulation S-K)
	●     Not Applicable.

	
    Item 15: Exhibits (no. 100)

    XBRL-Related Documents (Exhibit No. 100 of Item 601 of Regulation
    S-K).
	●     Not Applicable.

	Item 15:  Exhibits (By Operation of Item 9B Above), but only to the extent of any document that meets all the following conditions:  (a) such document constitutes “Additional Form 8-K Disclosure” pursuant to Item 9.01(d) of Exhibit DD, (b) such document is required to be reported as “Additional Form 8-K Disclosure” during the period to which the Form 10-K relates, and (c) such document was not previously reported as “Additional Form 8-K Disclosure”.	●     Certificate Administrator, Depositor and Trustee, in each case only to the extent that such party is the “Party Responsible” for the exhibit pursuant to Item 9(d) of Exhibit DD (it being acknowledged that none of the Master Servicer or the Special Servicer constitutes a “Party Responsible” under Exhibit DD with respect to any exhibits to a Form 10-K).

    	 	Exhibit CC-11	 

    

    

 

	Item
    on Form 10-K	Party
    Responsible
	Item 15:  Exhibit (no. 101)

Interactive Data File (Exhibit No. 101 of Item 601 of Regulation S-K).	●     Not Applicable

	Item 15:  Exhibit (no. 102)

Asset Data File (Exhibit No. 102 of Item 601 of Regulation S-K).	
    ●     Certificate
    Administrator

    ●     Depositor

	Item 15:  Exhibit (no. 103)

Asset Related Document (Exhibit No. 103 of Item 601 of Regulation S-K).	
    ●     Certificate
    Administrator

    ●     Depositor

 

 

    	 	Exhibit CC-12	 

    

    

EXHIBIT DD

FORM
8-K DISCLOSURE INFORMATION

The parties identified in
the “Party Responsible” column are obligated pursuant to Section 11.07 of the Pooling and Servicing Agreement to report to
the Depositor and the Certificate Administrator the occurrence of any event described in the corresponding Form 8-K Item described in
the “Item on Form 8-K” column to the extent such party has knowledge of such information (other than information as to itself).
Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled
to rely on the accuracy of the Prospectus (other than information with respect to itself that is set forth in or omitted from the Prospectus),
in the absence of specific notice to the contrary from the Depositor or a Mortgage Loan Seller. Each of the Certificate Administrator,
the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled to assume that there is no “significant
obligor” other than a party or property identified as such in the Prospectus and to assume that no other party or property will
constitute a “significant obligor” after the Cut-off Date. In no event shall the Master Servicer or the Special Servicer be
required to provide any information for inclusion in a Form 8-K that relates to any Mortgage Loan for which the Master Servicer or the
Special Servicer is not the applicable Master Servicer or Special Servicer, as the case may be. For this Benchmark 2022-B36 Pooling and
Servicing Agreement, each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity
as such) shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative instruments within the meaning
of Items 1114 or 1115 of Regulation AB.

 

	Item
    on Form 8-K	Party
    Responsible 
	Item 1.01: Entry into a Material
    Definitive Agreement

     
	●     Depositor,
    except as described in the next bullet (it being acknowledged that Item 601 of Regulation S-K requires filing of material contracts
    to which the registrant or a subsidiary thereof is a party).

    ●     Certificate
    Administrator, Trustee, Master Servicer and/or Special Servicer (it being acknowledged that Instruction 3 to Item 1.01 of Form
    8-K requires disclosure regarding the entry into or an amendment of a definitive agreement that is material to the asset-backed securities
    transaction, even if the registrant is not a party to such agreement), in each case to the extent of any amendment or definitive
    agreement 

 

    	 	Exhibit DD-1	 

    

    

 

	Item
    on Form 8-K	Party
    Responsible 
	 	that
                                            satisfies all the following conditions: (a) such amendment or definitive agreement relates
                                            to the Trust or one or more Mortgage Loans or REO Mortgage Loans, and (b) such amendment
                                            or definitive agreement is an amendment or definitive agreement to which such party (or a
                                            subcontractor or vendor engaged by such party) is a party or that such party (or a subcontractor
                                            or vendor engaged by such party) has caused to have been executed on behalf of the Trust;
                                            provided, however, that the Certificate Administrator shall be the “Party
                                            Responsible” in connection with any amendment to this Agreement.

	Item
    1.02:  Termination of a Material Definitive Agreement– Part 1 of 2 Parts	●     Certificate
                                            Administrator, Trustee, Master Servicer and/or Special Servicer, in each case to the extent
                                            of any contract that satisfies all the following conditions:  (a) such contract
                                            relates to the Trust or one or more Mortgage Loans or REO Mortgage Loans, and (b) such contract
                                            is a contract to which such party (or a subcontractor or vendor engaged by such party) is
                                            a party or that such party (or a subcontractor or vendor engaged by such party) has caused
                                            to have been executed on behalf of the Trust; provided, however, that the Certificate
                                            Administrator shall be the “Party Responsible” in connection with any amendment
                                            to this Agreement.

	Item
    1.02:  Termination of a Material Definitive Agreement– Part 2 of 2 Parts	●     Depositor,
                                            to the extent of any material agreement not covered in the prior item

	Item
    1.03:  Bankruptcy or Receivership	●     Depositor

 

    	 	Exhibit DD-2	 

    

    

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
    2.04:  Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance
    Sheet Arrangement	●     Depositor

    ●     Certificate
    Administrator

	Item
    3.03:  Material Modification to Rights of Security Holders	●     Certificate
                                            Administrator

	Item
    5.03:  Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year	●     Depositor

	Item
    6.01:  ABS Informational and Computational Material	●     Depositor

	Item
    6.02 (Part 1 of 3 Parts):  Change of Servicer or Trustee, but only to the extent related to a change in trustee	●     Trustee

    ●     Depositor

	Item
    6.02 (Part 2 of 3 Parts):  Change of Servicer or Trustee, but only to the extent related to a change in Master Servicer
    or Special Servicer	●     Certificate
    Administrator

    ●     Master
    Servicer or Special Servicer, as the case may be (in each case, as to itself)

	Item
    6.02 (Part 3 of 3 Parts):  Change of Servicer or Trustee, but only to the extent related to a servicer (other than
    a party to the Pooling and Servicing Agreement) appointed by the particular “Party Responsible”.	●     Master
    Servicer

    ●     Special
    Servicer

    ●     Certificate
    Administrator

    ●     Depositor

	Item
    6.03:  Change in Credit Enhancement or External Support	●     Depositor

    ●     Certificate
    Administrator

	Item
    6.04:  Failure to Make a Required Distribution	●     Certificate
                                            Administrator

	Item
    6.05:  Securities Act Updating Disclosure	●     Depositor

	Item
    7.01:  Regulation FD Disclosure	●     Depositor

 

    	 	Exhibit DD-3	 

    

    

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
    8.01:  Other Events	●     Depositor

	Item 9.01(d): Exhibits (no. 1):

     

    Underwriting agreement (Exhibit
    No. 1 of Item 601 of Regulation S-K)
	●     Not
                                            applicable

	Item 9.01(d): Exhibits (no. 2):

     

    Plan of acquisition, reorganization,
    arrangement, liquidation or succession (Exhibit No. 2 of Item 601 of Regulation S-K)
	●     Depositor

	Item 9.01(d): Exhibits (no. 3):

     

    Articles of incorporation and
    by-laws (Exhibit No. 3(i) and 3(ii) of Item 601 of Regulation S-K)
	●     Depositor

	Item 9.01(d): Exhibits (no. 4):

     

    With respect to instruments defining
    the rights of security holders (Exhibit No. 4 of Item 601 of Regulation S-K)
	●     Certificate
    Administrator

     

    provided, in each case,
    that this shall in no event be construed to make such party responsible for the initial filing of this Agreement

	Item 9.01(d): Exhibits (no. 7):

    Correspondence from an independent
    accountant regarding non-reliance on a previously issued audit report or completed interim review. (Exhibit No. 7 of Item 601 of
    Regulation S-K)
	●     Not
                                            Applicable

	Item
    9.01(d): Exhibits (no. 14):	●     Not
    Applicable

 

    	 	Exhibit D-4	 

    

    

 

	Item
    on Form 8-K	Party
    Responsible 
	
    

    Code of Ethics (Exhibit No. 14 of Item 601 of Regulation S-K)
	
	
    Item 9.01(d): Exhibits (no. 16):

    Letter re change in certifying accountant (Exhibit No. 16 of Item
    601 of Regulation S-K)
	●     Not Applicable

	
    Item 9.01(d): Exhibits (no. 17):

    Correspondence on departure of director (Exhibit No. 17 of Item
    601 of Regulation S-K)
	●     Not Applicable

	
    Item 9.01(d): Exhibits (no. 20):

    Other documents or statements to security holders (Exhibit No. 20
    of Item 601 of Regulation S-K)
	●     Not Applicable

	
    Item 9.01(d): Exhibits (no. 23):

    Consents of Experts and Counsel (Exhibit No. 23(ii) of Item 601
    of Regulation S-K), where the filing of a written consent is required with respect to material (in the Form 10-D) that is incorporated
    by reference in the Depositor’s registration statement.
	●     Depositor

	
    Item 9.01(d): Exhibits (no. 24)

    Power of Attorney (Exhibit No. 24 of Item 601 of Regulation S-K),
    but only if the name of any party signing the Form 10-D, or the name of any officer signing the Form 10-D on behalf of a party, is signed
    pursuant to a power of attorney.
	●     Certificate Administrator 

	
    Item 15: Exhibits (no. 99)

    Additional exhibits (Exhibit No. 99 of Item 601 of Regulation S-K)
	●     Not Applicable.

	
    Item 15: Exhibits (no. 100)

    
	●     Not Applicable.

 

    	 	Exhibit DD-5	 

    

    

 

	Item
    on Form 8-K	Party
    Responsible 
	XBRL-Related
    Documents (Exhibit No. 100 of Item 601 of Regulation S-K).	 

    	 	Exhibit DD-6	 

    

    

EXHIBIT EE

ADDITIONAL
DISCLOSURE NOTIFICATION

**SEND VIA FAX TO 410-715-2380 AND VIA EMAIL TO cts.sec.notifications@wellsfargo.com
AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDIATELY BELOW**

Computershare Trust Company, National Association, as Certificate
Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attn: Corporate Trust Services (CMBS) Benchmark 2022-B36 Mortgage Trust,
Commercial Mortgage Pass-Through Certificates, Series 2022-B36—SEC REPORT PROCESSING

RE: **Additional Form [10-D][10-K][8-K] Disclosure** Required

Ladies and Gentlemen:

In accordance with Section
[11.04] [11.05] [11.07] of the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator,
Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, the undersigned, as [ ], hereby notifies you that certain events have come to our attention that [will] [may] need to be disclosed
on Form [10-D][10-K][8-K].

Description of Additional Form [10-D][10-K][8-K] Disclosure:

List of any Attachments hereto to be included in the Additional
Form [10-D][10-K][8-K] Disclosure:

Any inquiries related to this notification should be directed
to [                       ],
phone number: [                       ];
email address: [                       ].

	 	 
	 	 
	 	[NAME OF PARTY],
	 	as [role]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	cc: Depositor		Title:

    	 	Exhibit EE-1	 

    

    

EXHIBIT FF 

INITIAL
SUB-SERVICERS

 

	Property Name	Subservicer Name	Sub-Servicer’s Duties
	Gateway Plaza, Johns Hopkins University	JLL Real Estate Capital, LLC	Limited, Non-Cashiering SSA
	One Campus Martius	Bernard Financial	Full, Cashiering
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    	 	Exhibit FF-1	 

    

    

EXHIBIT GG 

SERVICING
FUNCTION PARTICIPANTS

 

Bernard Financial Servicing Group

 

 

    	 	Exhibit GG-1	 

    

    

EXHIBIT HH

FORM
OF ANNUAL COMPLIANCE STATEMENT

CERTIFICATION

Benchmark 2022-B36 Mortgage Trust,

Commercial Mortgage Pass-Through Certificates

Series 2022-B36 (the “Trust”)

I, [identifying the certifying
individual], on behalf of [Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer]
[Computershare Trust Company, National Association, as Certificate Administrator] [Wilmington Trust, National Association, as Trustee]
(the “Certifying Servicer”), certify to J.P. Morgan Chase Commercial Mortgage Securities Corp. and its officers, directors
and affiliates, and with the knowledge and intent that they will rely upon this certification, that:

		1.	I (or Servicing Officers under my supervision) have reviewed the Certifying Servicer’s activities
[during the preceding calendar year] [between [__] and [__]] (the “Reporting Period”) and the Certifying Servicer’s
performance under the Pooling and Servicing Agreement; and

		2.	To the best of my knowledge, based on such review, the Certifying Servicer has fulfilled all of its obligations
under the Pooling and Servicing Agreement in all material respects during the Reporting Period. [To my knowledge, the Certifying Servicer
has failed to fulfill the following obligations under the Pooling and Servicing Agreement: [SPECIFY EACH SUCH FAILURE AND THE NATURE AND
STATUS THEREOF]].

	Date:	 	

[MIDLAND LOAN SERVICES, A DIVISION OF
PNC 

BANK, NATIONAL ASSOCIATION, as master servicer]

[MIDLAND LOAN SERVICES, A DIVISION OF 

PNC BANK, NATIONAL ASSOCIATION, as special servicer]

[COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION, as certificate administrator]

[WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as trustee]

	 	 	 
	 	 	 
	By:		 
		Name:	 
		Title:	 

    	 	Exhibit HH-1	 

    

    

EXHIBIT II

FORM
OF REPORT ON ASSESSMENT OF

COMPLIANCE with SERVICING CRITERIA

[Name of Reporting Servicer] (the “Reporting
Servicer”) is responsible for assessing compliance with the servicing criteria applicable to it under paragraph (d) of
Item 1122 of Regulation AB, as of and for the 12-month period ending December 31, 20[__] (the “Reporting
Period”), as set forth in Exhibit AA to the Pooling and Servicing Agreement. The transactions covered by this report
include asset-backed securities transactions for which the Reporting Servicer acted as [a master servicer, special servicer, trustee,
certificate administrator] involving commercial mortgage loans [other than __________________1]
(the “Platform”);

The Reporting Servicer has engaged certain
vendors, which are not servicers as defined in Item 1101(j) of Regulation AB (the “Vendors”)
to perform specific, limited or scripted activities, and the Reporting Servicer elects to take responsibility for assessing compliance
with the servicing criteria or portion of the servicing criteria applicable to such Vendors’ activities as set forth on Schedule
A;

Except as set forth in paragraph 4 below, the
Reporting Servicer used the criteria set forth in paragraph (d) of Item 1122 of Regulation AB to assess the compliance with the applicable
servicing criteria;

The criteria listed in the column titled “Inapplicable
Servicing Criteria” on Schedule A hereto are inapplicable to the Reporting Servicer based on the activities it performs, directly
or through its Vendors, with respect to the Platform;

The Reporting Servicer has complied, in all
material respects, with the applicable servicing criteria as of December 31, 20[__] and for the Reporting Period with respect to the Platform
taken as a whole[, except as described on Schedule B hereto];

The Reporting Servicer has not identified and
is not aware of any material instance of noncompliance by the Vendors with the applicable servicing criteria as of December 31, 20[__]
and for the Reporting Period with respect to the Platform taken as a whole[, except as described on Schedule B hereto];

The Reporting Servicer has not identified any
material deficiency in its policies and procedures to monitor the compliance by the Vendors with the applicable servicing criteria as
of December 31, 20[__] and for the Reporting Period with respect to the Platform taken as a whole[, except as described on Schedule
B hereto]; and

 

1   Describe
any permissible exclusions, including those permitted under telephone interpretation 17.04 (i.e. transactions registered prior to compliance
with Regulation AB, transactions involving an offer and sale of asset backed securities that were not required to be issued), if applicable.

    	 	Exhibit II-1	 

    

    

[____], a registered public accounting firm,
has issued an attestation report on the Reporting Servicer’s assessment of compliance with the applicable servicing criteria for
the Reporting Period.

[Date of Certification]

	 	 
	 	 
	 	[NAME OF REPORTING SERVICER]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

 

    	 	Exhibit II-2	 

    

    

EXHIBIT JJ

CREFC®
PAYMENT INFORMATION

 

Payments shall be made to “CRE Finance Council” and sent to:

Commercial Real Estate Finance Council, Inc.

28 West 44th Street, Suite 815

New York, NY 10036

Attn: Executive Director

 

or by wire transfer to:

 

Account Name: Commercial Real Estate Finance Council (CREFC®)

Bank Name: Chase

Bank Address: 80 Broadway, New York, NY 10005

Routing Number: 021000021

Account Number: 213597397

 

 

 

    	 	Exhibit JJ-1	 

    

    

EXHIBIT KK

 

Form of
Notice of ADDITIONAL 

INDEBTEDNESS
NOTIFICATION

 

VIA E-MAIL:

To: Computershare Trust Company, National Association, as Certificate
Administrator; cts.sec.notifications@wellsfargo.com 

 

Ref: Benchmark 2022-B36, Additional Debt Notice for Form 10-D

 

The following information is being furnished to you for inclusion on Form
10-D pursuant to Sections 3.18(e) and 11.04(a) of the Pooling and Servicing Agreement

 

	 	Portfolio Name	Mortgage Loan	Position in Debt Stack	Additional Debt	OPB	OPB Date	Appraised Value	Appraised Value Date	Aggregate LTV	Aggregate NCF DSCR	Aggregate NCF DSCR Date	Primary Servicer	Master Servicer	Lead Servicer	Prospectus ID
	1	Benchmark 2022-B36	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	
    $
	 	 	$	 	%	 	 	 	 	 	 
	 	        Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 
	2	Benchmark 2022-B36	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	
    $
	 	 	$	 	%	 	 	 	 	 	 
	 	        Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 
	3	Benchmark 2022-B36	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	
    $
	 	 	$	 	%	 	 	 	 	 	 
	 	        Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 

 

 

    	 	Exhibit KK-1	 

    

    

EXHIBIT LL

 

[Reserved.]

 

 

    	 	Exhibit LL-1	 

    

    

EXHIBIT MM

ADDITIONAL
DISCLOSURE NOTIFICATION (ACCOUNTS)

 

INSTRUCTIONS:

 

FOR ACCOUNT BALANCE REPORTING: SEND VIA EMAIL TO:

CTS.SEC.NOTIFICATIONS@WELLSFARGO.COM

FOR ALL OTHER NOTIFICATIONS: SEND VIA FAX, EMAIL AND OVERNIGHT MAIL
TO THE ADDRESS IMMEDIATELY BELOW**

 

Computershare Trust Company, National Association, as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attn: Corporate Trust Services (CMBS) Benchmark 2022-B36—SEC REPORT
PROCESSING

E-Mail: cts.sec.notifications@wellsfargo.com

 

RE: **Additional Form [10-D][10-K][8-K] Disclosure** Required

Ladies and Gentlemen:

In accordance with Section
11.04 of the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”), between
J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer,
the undersigned, as [ ], hereby notifies you that certain events have come to our attention that [will] [may] need to be disclosed on
Form [10-D][10-K][8-K].

Description of Additional Form [10-D][10-K][8-K] Disclosure:

With respect to the Collection Account and REO Account balance information:

	Account
    Name	Beginning Balance
    as of 

    MM/DD/YYYY
	Ending Balance
    as of 

    MM/DD/YYYY

	Collection Account	 	 
	REO Account	 	 

 

    	 	Exhibit MM-1	 

    

    

List of any Attachments hereto to be included in the Additional
Form [10-D][10-K][8-K] Disclosure:

Any inquiries related to this notification should be directed to
[                       ],
phone number: [         ]; email address:  [                   ].

	 	 
	 	 
	 	[NAME OF PARTY],
	 	as [role]
	 	 	 
	 	 	 
	 	By:	
	 		Name:
			Title:

cc: Depositor

 

 

    	 	Exhibit MM-2	 

    

    

EXHIBIT NN

Form
of NOTICE OF PURCHASE OF CONTROLLING CLASS CERTIFICATE

[Date]

 

Computershare Trust Company, National Association

              as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Email: trustadministrationgroup@wellsfargo.com

 

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

              as Master Servicer

10851 Mastin Street

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Telecopy number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

Park Bridge Lender Services LLC

600 Third Avenue, 40th Floor

New York, New York, 10016

Attention: BMARK 2022-B36 Surveillance Manager

With a copy sent contemporaneously via email to cmbs.notices@parkbridgefinancial.com
(with Benchmark 2022-B36 in the subject line)

 

		Re:	Benchmark 2022-B36 Mortgage Trust Commercial Mortgage Pass-Through Certificates,
Series 2022-B36 (the “Certificates”) issued pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022
(the “Pooling and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor,
Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company,
National Association, as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services
LLC, as Operating Advisor and as Asset Representations Reviewer.

This letter is delivered to you, pursuant to
Section 3.23 of the Pooling and Servicing Agreement in connection with the transfer by ____________ (the “Transferor”)
to us (the “Transferee”) of $__________________ original principal balance in the Class [__] Certificates, representing
[_____]% of the Class [__] Certificates. The Certificates were issued pursuant to the Pooling and Servicing Agreement.

    	 	Exhibit NN-1	 

    

    

		1.	Our name and address is as follows:

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Contact Info: [Tel/Email]	 

		2.	[IF APPLICABLE] We hereby certify, represent and warrant to you, as Certificate Administrator, that we
are purchasing a majority interest in the Class [__] Certificates, and that we are not affiliated with the Transferor. To the extent
that any Control Termination Event or Consultation Termination Event has occurred due to a waiver of a prior Class [__] Certificateholder
of its rights under the Pooling and Servicing Agreement, we hereby request that you reinstate such rights and post a “special notice”
on your website to the following effect:

“A Consultation Termination Event
or a Control Termination Event has been terminated and is no longer in effect due to a transfer of a majority interest of the Controlling
Class to an unaffiliated third party which has terminated any waiver by the prior Holder.”

All capitalized terms used
but not otherwise defined herein shall have the respective meanings set forth in the Pooling and Servicing Agreement.

	 	 
	 	 
	 	Very truly yours,
	 	 	 
	 	 
	 	 	(Transferee)
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

 

 

    	 	Exhibit NN-2	 

    

    

EXHIBIT OO

FORM OF ASSET REVIEW REPORT

BY THE ASSET REPRESENTATIONS
REVIEWER1

To: [Addresses of Recipients]

		Re:	Benchmark 2022-B36 Mortgage Trust

Ladies and Gentlemen:

In accordance
with Section 12.01 of the Pooling and Servicing Agreement, dated as of August 1, 2022 (the “Pooling and Servicing Agreement”),
the undersigned Asset Representations Reviewer (“ARR”) has performed an Asset Review on each Delinquent Loan identified
in accordance with the terms of the Pooling and Servicing Agreement, and is hereby issuing the following Asset Review Report.

		1.	As described in the detailed scorecard attached hereto
as Exhibit A, we have performed an Asset Review on each Delinquent Loan identified in accordance with the terms of the Pooling and Servicing
Agreement and our conclusion is that there is [no evidence of a Test failure/evidence of [•] Test failures] with respect to the
Delinquent Loans. 

		2.	A conclusion by the ARR of a Test pass or a Test failure shall not constitute
a determination by the ARR of (i) the existence or nonexistence of a Material Defect, or (ii) whether the Trust should enforce any rights
it may have against the applicable Mortgage Loan Seller. In addition, the Tests may not be sufficient to determine every instance of noncompliance.

		3.	The ARR, other than forwarding this report to the persons listed above,
will not be required to take or participate in any other or further action with respect to the aforementioned Asset Review Report.

		4.	Capitalized words and phrases used herein shall have the respective meanings
assigned to them in the above-captioned Pooling and Servicing Agreement.

	 	PARK BRIDGE LENDER SERVICES LLC,
	 	 	as Asset Representations Reviewer
	 	 	 
	 	 	 
	 	By:	 	 
	 		Name:
	 		Title:

 

1
   This report is an indicative report, and the Asset Representations Reviewer will have the ability
to modify or alter the organization and content of this report, subject to compliance with the terms of the Pooling and Servicing Agreement,
including without limitation, provisions relating to Privileged Information.

    	 	Exhibit OO-1	 

    

    

 

Exhibit A

 

Detailed Scorecard [Template Example Below]

 

 

	
    Test failures

     

	Loan #	Loan Name	R&W #	R&W Name	Test #	Test Description	Findings
	[Insert Loan Number]	[Insert Loan Name]	44	Lease Estoppels	44c	[Insert Test Description]	[Insert Test findings]
	32	Due on Sale or Encumbrance	32b	 	 

 

 

 

 

    	 	Exhibit OO-2	 

    

    

 

EXHIBIT PP

FORM OF ASSET REVIEW REPORT
SUMMARY1

To: [Addresses of Recipients]

		Re:	Benchmark 2022-B36 Mortgage Trust

Ladies and Gentlemen:

In
accordance with Section 12.01 of the Pooling and Servicing Agreement, dated as of August 1, 2022 (the
“Pooling and Servicing Agreement”), the undersigned Asset Representations Reviewer (“ARR”) has performed
an Asset Review on each Delinquent Loan identified in accordance with the terms of the Pooling and Servicing Agreement, and is hereby
issuing the following Asset Review Report Summary.

		1.	As described in the summary scorecard attached hereto
as Exhibit A, we have performed an Asset Review on each Delinquent Loan identified in accordance with the terms of the Pooling and Servicing
Agreement and our conclusion is that there is [no evidence of a Test failure/evidence of [•] Test failures] with respect to the
Delinquent Loans. 

		2.	A conclusion by the ARR of a Test pass or a Test failure
shall not constitute a determination by the ARR of (i) the existence or nonexistence of a Material Defect, or (ii) whether the Trust should
enforce any rights it may have against the applicable Mortgage Loan Seller. In addition, the Tests may not be sufficient to determine
every instance of noncompliance.

		3.	The ARR, other than forwarding this Asset Review Report Summary to the parties
listed above, will not be required to take or participate in any other or further action with respect to the aforementioned Asset Review
Report Summary.

		4.	Capitalized words and phrases used herein shall have the respective meanings
assigned to them in the above-captioned Pooling and Servicing Agreement.

	 	 
	 	 
	 	PARK BRIDGE LENDER SERVICES LLC,
	 	 	as Asset Representations Reviewer
	 	 	 
	 	 	 
	 	By:	             	 
	 		Name:
	 		Title:

 

1
This report is an indicative report, and the Asset Representations Reviewer will have the ability
to modify or alter the organization and content of this report, subject to compliance with the terms of the Pooling and Servicing Agreement,
including without limitation, provisions relating to Privileged Information.

    	 	Exhibit PP-1	 

    

    

 

Exhibit A

 

Summary Scorecard [Template Example Below]

 

 

	
    Test failures

     
	 	 	 	 
	Loan #	Loan Name	Representations and Warranty #	Representation and Warranty Name	Test #
	[Insert Loan #]	[Insert Loan Name]	44	Lease Estoppels	44c
	32	Due on Sale or Encumbrance	32b

 

 

 

 

    	 	Exhibit PP-2	 

    

    

EXHIBIT QQ

ASSET REVIEW PROCEDURES

Subject to the Pooling and Servicing Agreement, this Exhibit sets forth Asset Representations Reviewer’s review procedures
for each Subject Loan based on the information provided for an Asset Review. Capitalized terms used herein and not defined herein shall
have the meanings ascribed to them in the Pooling and Servicing Agreement. In the event of any conflict between this Exhibit QQ
and the terms of the Pooling and Servicing Agreement, the Pooling and Servicing Agreement shall control and govern the Asset Representations
Reviewer’s responsibilities and duties with respect to Asset Reviews.

 

Call for Review and Collection and Inventory of
Review Materials

 

	Step 1	Asset Representations Reviewer (“ARR”) receives the following items before beginning its review:

 

		■	CREFC® Delinquent Mortgage Loan Status Report

		■	Notice of Asset Review Trigger (with attachments)

		■	Notice of Asset Review Vote Election

		■	Notice of Affirmative Asset Review Vote

		■	Asset Review Notice

		■	List of all Subject Loans

		■	Review Materials for each Subject Loan via Secure Data Room access, including the Diligence File

		■	Any Unsolicited Information (if applicable)

Step 2For each Subject Loan, ARR inventories all Review Materials to which ARR is provided access in the Secure Data Room
to determine what, if any, Review Materials for such Subject Loan are missing, using the list of documents provided in the definition
of “Mortgage File” of this Agreement, any comparable lists included in the related Mortgage Loan Purchase Agreement, and any
closing checklist from the origination of such Subject Loan, to guide its review and determination.

 

Step 3If ARR determines that
the information made available to it in the Secure Data Room with respect to any Subject Loan is missing any documents required to complete
an Asset

    	 	Exhibit QQ-1	 

    

    

Review of such Subject Loan, ARR prepares list of
such missing documents and, within the time periods specified in Section 12.01 of this Agreement, (i) notifies the Master Servicer
(with respect to Non-Specially Serviced Loans) and the Special Servicer (with respect to Specially Serviced Loans) of such missing documents,
and request that the Master Servicer or the Special Servicer, as the case may be, deliver to the ARR such missing document(s) to the extent
in its possession and (ii) in the event any missing documents are not provided by the Master Servicer or the Special Servicer, as the
case may be, the ARR shall request such documents from the related Mortgage Loan Seller.

Analysis and Testing
of Representations and Warranties

 

	Step 4	For each Subject Loan for which ARR has received all Review Materials required to complete an Asset Review of such Subject Loan, ARR
tests such Subject Loan for compliance with each representation and warranty made by the related Mortgage Loan Seller with respect to
such Subject Loan as follows:

		■	ARR reviews each representation and warranty and each item included in the Review Materials applicable
or related to such representation or warranty to determine whether there is any evidence that such representation or warranty was not
true when made by the related Mortgage Loan Seller.

		■	For each representation and warranty, ARR lists

		●	all items from the Review Materials reviewed
or used in its testing of such representation and warranty;

		●	whether ARR has determined that there is any
evidence that such representation or warranty was not true when made by the related Mortgage Loan Seller; and

		o	if so, stating the aspect of the applicable representation or warranty that does not appear to have been
true when made by the related Mortgage Loan Seller and ARR’s basis for its conclusion;

		o	completing the Asset Review Report by setting forth, for each [Subject Loan], the information contemplated
herein with respect to each representation and warranty.

ARR will not attempt (and
has no obligation) to determine the materiality of any potential breach of a representation or warranty that it discovers evidence of
during its review as contemplated herein.

    	 	Exhibit QQ-2	 

    

    

EXHIBIT RR

FORM OF CERTIFICATION TO
CERTIFICATE ADMINISTRATOR REQUESTING ACCESS TO SECURE DATA ROOM

 

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

Benchmark 2022-B36 Mortgage Trust

Email: trustadministrationgroup@wellsfargo.com

		Attention:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36

 

In accordance with the requirements
for obtaining access to the Secure Data Room pursuant to the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling
and Servicing Agreement”), between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services,
a Division of PNC Bank, National Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association,
as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor
and as Asset Representations Reviewer, with respect to the certificates (the “Certificates”), the undersigned hereby
certifies and agrees as follows:

		1.	The undersigned is an authorized representative of the [Asset Representations Reviewer][Depositor].

		2.	The undersigned acknowledges and agrees that (a) access to the Secure Data Room
is being granted to it solely for purposes of the undersigned carrying out its obligations under the Pooling and Servicing Agreement (b)
it will not disseminate or otherwise make information contained on the Secure Data Room available to any other person except in accordance
with the Pooling and Servicing Agreement or otherwise with the written consent of the Depositor and (c) it will only access information
relating to the Mortgage Loans to which the Asset Review relates.

 

		3.	The undersigned agrees that each time it accesses the Secure Data Room, the undersigned
is deemed to have recertified that the representations above remains true and correct.

 

    	 	Exhibit RR-1	 

    

    

		4.	[The undersigned is not a Certificateholder, a beneficial owner or a prospective
purchaser of any Certificate.]*

BY ITS CERTIFICATION HEREOF,
the undersigned has made the representations above and shall have caused, or shall be deemed to have caused its name to be signed hereto
by its duly authorized signatory, as of the date certified. 

	 	 	 
	 	 	 
	 		[NAME OF PARTY],
	 	 	as [role]
	 	 	 	 
	 	 	 	 
	 		By:	
	 		 	Name:
	 		 	Title:
	 	 	 
	Dated:                    	 
	 	 	 	 
	 	 	 	 
	 	 	 
	 	 	 
	[J.P. Morgan Chase Commercial Mortgage Securities Corp.,	 	 
	as Depositor]*		 
	 	 	 	 
	 	 	 	 
	By:		 	
	 	[Name]	 	 
	 	[Title]	 	 

 

*        Required
to the extent that a party other than the Asset Representations Reviewer is identified by the Depositor as needing access to the Secure
Data Room.

    	 	Exhibit RR-2	 

    

    

EXHIBIT SS

FORM OF NOTICE OF [ADDITIONAL DELINQUENT
LOAN][CESSATION OF DELINQUENT LOAN][CESSATION OF ASSET REVIEW TRIGGER]

[Date]

	
    Midland Loan Services, a Division of PNC
    

Bank, National Association

    10851 Mastin Street

    Building 82, Suite 300

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Telecopy number: 1-888-706-3565

    Email: NoticeAdmin@midlandls.com
	
    Park Bridge Lender Services LLC

    600 Third Avenue, 40th Floor

    New York, New York, 10016

    Attention: BMARK 2022-B36 Surveillance Manager

    With a copy sent contemporaneously via email to cmbs.notices@parkbridgefinancial.com
    (with Benchmark 2022-B36 in the subject line)

	 	 

		Attention:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36

In accordance with Section
12.01(a) of the Pooling and Servicing Agreement dated as of August 1, 2022 (the “Pooling and Servicing Agreement”),
between J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National
Association, as Master Servicer and as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator,
Wilmington Trust, National Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, the Certificate Administrator hereby notifies you that as of [RELATED DISTRIBUTION DATE]:

		5.	_____  An additional Mortgage Loan has become a Delinquent Loan.

		6.	_____  A Mortgage Loan has ceased to be a Delinquent Loan.

 

		7.	_____  An Asset Review Trigger has ceased to exist.

(check all that apply)

Capitalized terms used
but not defined herein have the respective meanings given to them in the Pooling and Servicing Agreement.

 

    	 	Exhibit SS-1	 

    

    

	 	Computershare Trust Company, National 
	 	 	Association, as Certificate Administrator for 

the Holders of the Benchmark 2022-B36 

Mortgage Trust,
Commercial Mortgage 

Pass-Through Certificates, Series 2022-B36 

and the RR Interest Owner
	 	 	 
	 	 	 
	 	By:	
	 		[Name]
	 		[Title]

 

 

    	 	Exhibit SS-2	 

    

    

EXHIBIT TT

CERTIFICATE ADMINISTRATOR RECEIPT OF THE
RETAINED CERTIFICATES [UPON TRANSFER]

[DATE]

	
    J.P. Morgan Chase Commercial Mortgage Securities 

Corp.

    383 Madison Avenue, 8th Floor

    New York, New York 10179

    Attention: Kunal K. Singh

    E-mail: US_CMBS_Notice@jpmorgan.com

     

    JPMorgan Chase Bank, National Association

         as Retaining Sponsor

    383 Madison Avenue, 8th Floor

    New York, New York 10179

    Attention: Kunal K. Singh

    E-mail: US_CMBS_Notice@jpmorgan.com
	[APPLICABLE RETAINING PARTY’S NOTICE ADDRESS]
	 	 

		Re:	Benchmark 2022-B36 Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
Series 2022-B36                                                  

In accordance with [Section 5.02(e)][Section 5.03(i)]
of the Pooling and Servicing Agreement, dated as of August 1, 2022 (the “Agreement”), pursuant to which the captioned
series of commercial mortgage pass-through certificates (the “Certificates”) were issued, the undersigned, as Certificate
Administrator, hereby acknowledges receipt and possession of, and further agrees that it will hereafter hold in the Retained Interest
Safekeeping Account, the Certificates identified on Schedule I attached hereto (the “Subject Certificates”), which
constitute some or all of the Class RR Certificates, for the benefit of [Retaining Party], the registered holder of the Subject Certificates,
pursuant to the Agreement. Payments on the Subject Certificates will be made to the registered holder thereof in accordance with the Agreement,
including pursuant to any written wiring instructions provided in accordance with the Agreement.

This receipt is solely for
the benefit of the addressees and is non-transferable. Possession of this receipt by any other Person will not entitle such Person to
delivery of, or any rights in respect of, the Subject Certificates. The Subject Certificates are subject to the restrictions on transfer
set forth in, and may not be released from the Retained Interest Safekeeping Account except in accordance with, the Agreement.

Capitalized terms used but
not defined herein shall the respective meanings set forth in the Agreement.

    	 	Exhibit TT-1	 

    

    

	 	COMPUTERSHARE TRUST COMPANY,
	 	 	NATIONAL ASSOCIATION, 

not in its individual capacity 

but solely as Certificate Administrator
	 	 	 
	 	 	 
	 	By:	
	 		Name:
	 		Title:

 

    	 	Exhibit TT-2	 

    

    

 

Schedule I

 

 

    	 	Exhibit TT-3	 

    

    

SCHEDULE 1

Mortgage
Loans with Additional secured Debt

 

 

		1.	79 Fifth Avenue

		2.	Yorkshire & Leington Towers

		3.	39 Broadway

		4.	One Campus Martius

		5.	The Lion Building

		6.	The Reef

 

 

    	 	Schedule 1-1	 

    

    

SCHEDULE 2

CLass
A-SB Planned Principal Balance SchedulE

See Annex H to the Prospectus

 

 

.

    	 	Schedule 2-1	 

    

    

SCHEDULE 3 

identified
escrows, reserves, holdbacks and related letters of credit

		1.	Embassy Suites Orlando North - Closing Date PIP Reserve ($4,532,250.00)

		2.	South Park Business Center

 

    	 	Schedule 3-1Exhibit 4.2 

 

CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,

Depositor,

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

Greystone
Servicing Company LLC and

Rialto Capital Advisors, LLC,

each as a Special Servicer as described herein,

Park
Bridge Lender Services LLC,

Operating Advisor and Asset Representations Reviewer,

COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION,

Certificate Administrator,

and

Wilmington
Trust, National Association,

Trustee

 

 POOLING AND SERVICING AGREEMENT

Dated as of June 1, 2022

 

 

 

Citigroup Commercial Mortgage Trust 2022-GC48,

Commercial Mortgage Pass-Through Certificates

Series 2022-GC48

 

 

    	 	-1-	 

     

    

TABLE OF CONTENTS

Page

	Article I
	 
	DEFINITIONS
	 	 	 
	Section 1.01	Defined
    Terms	8
	Section 1.02	Certain
    Calculations	155
	Section 1.03	Certain
    Constructions	164
	 
	Article II
	 
	CONVEYANCE OF MORTGAGE LOANS AND TRUST SUBORDINATE COMPANION 

LOAN; ORIGINAL ISSUANCE OF CERTIFICATES
	 	 	 
	Section 2.01	Conveyance
    of Mortgage Loans and Trust Subordinate Companion Loan	165
	Section 2.02	Acceptance
    by the Trustee, the Custodian and the Certificate Administrator	172
	Section 2.03	Mortgage
    Loan Sellers’ Repurchase, Substitution or Cures of Trust Loans for Document Defects in Mortgage Files and Breaches of Representations
    and Warranties	175
	Section 2.04	Representations
    and Warranties of the Depositor	193
	Section 2.05	Representations,
    Warranties and Covenants of the Master Servicer	195
	Section 2.06	Representations,
    Warranties and Covenants of the Special Servicers	197
	Section 2.07	Representations
    and Warranties of the Trustee	199
	Section 2.08	Representations
    and Warranties of the Certificate Administrator	201
	Section 2.09	Representations,
    Warranties and Covenants of the Operating Advisor	203
	Section 2.10	Representations,
    Warranties and Covenants of the Asset Representations Reviewer	204
	Section 2.11	Execution
    and Delivery of Certificates; Issuance of Lower-Tier Regular Interests	206
	Section 2.12	Miscellaneous
    REMIC and Grantor Trust Provisions	207
	 
	Article III
	 
	ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS AND TRUST 

SUBORDINATE COMPANION LOAN
	 	 	 
	Section 3.01	Master
    Servicer to Act as Master Servicer; Administration of the Mortgage Loans and Trust Subordinate Companion Loan; Sub-Servicing Agreements;
    Outside Serviced Mortgage Loans	208
	Section 3.02	Liability
    of the Master Servicer	223
	Section 3.03	Collection
    of Certain Mortgage Loan Payments	223
	Section 3.04	Collection
    of Taxes, Assessments and Similar Items; Escrow Accounts	225
	Section 3.05	Collection
    Account; Distribution Accounts; and Excess Liquidation Proceeds Reserve Account; and Excess Interest Distribution Account	228
	Section
    3.05A          	Whole
    Loan Custodial Account	233
	Section 3.06	Permitted
    Withdrawals From the Collection Account	235

 

    	 	
 - i -	 

     

    

 

	 	 	Page
	 	 	 
	Section 3.06A.         	Permitted Withdrawals From the Whole Loan Custodial
    Account	243
	Section 3.07	Investment of Funds in the Collection Account, the REO Account,
    the Mortgagor Accounts, and Other Accounts	248
	Section 3.08	Maintenance of Insurance Policies and Errors and Omissions
    and Fidelity Coverage	251
	Section 3.09	Enforcement of Due-On-Sale and Due-On-Encumbrance Clauses;
    Assumption Agreements; Defeasance Provisions	256
	Section 3.10	Appraisal Reductions; Calculation and Allocation of Collateral
    Deficiency Amounts; Realization Upon Defaulted Loans	263
	Section 3.11	Trustee, Certificate Administrator and Custodian to Cooperate;
    Release of Mortgage Files	270
	Section 3.12	Servicing Fees, Trustee/Certificate Administrator Fees and
    Special Servicing Compensation	272
	Section 3.13	Compensating Interest Payments	281
	Section 3.14	Application of Penalty Charges and Modification Fees	283
	Section 3.15	Access to Certain Documentation	284
	Section 3.16	Title and Management of REO Properties	286
	Section 3.17	Sale of Defaulted Loans and REO Properties; Sale of Outside
    Serviced Mortgage Loans	291
	Section 3.18	Additional Obligations of the Master Servicer; Inspections;
    Obligation to Notify Ground Lessors; Delivery of Certain Reports to the Serviced Companion Loan Holder	299
	Section 3.19	Lock-Box Accounts, Escrow Accounts	300
	Section 3.20	Property Advances	301
	Section 3.21	Appointment of Special Servicer; Asset Status Reports	305
	Section 3.22	Transfer of Servicing Between Master Servicer and Special
    Servicer; Record Keeping	311
	Section 3.23	Interest Reserve Account	312
	Section 3.24	Modifications, Waivers, Amendments and Other Actions	313
	Section 3.25	Additional Obligations With Respect to Certain Mortgage
    Loans	319
	Section 3.26	Certain Matters Relating to the Outside Serviced Mortgage
    Loans	319
	Section 3.27	Additional Matters Regarding Advance Reimbursement	320
	Section 3.28	Serviced Companion Loan Intercreditor Matters	322
	Section 3.29	Appointment and Duties of the Operating Advisor	325
	Section 3.30	Rating Agency Confirmation	332
	Section 3.31	General Acknowledgement Regarding Companion Loan Holders	336
	Section 3.32	Delivery of Excluded Information to the Certificate Administrator	336
	Section 3.33	Resignation Upon Prohibited Risk Retention Affiliation.	337
	 
	Article IV
	 
	DISTRIBUTIONS TO CERTIFICATEHOLDERS
	 	 	 
	Section 4.01	Distributions	338
	Section 4.02	Statements to Certificateholders and the Uncertificated
    VRR Interest Owner; Certain Reports by the Master Servicer and the Special Servicer	357

 

    	 	
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	 	 	Page
	 	 	 
	Section 4.03	Compliance With Withholding Requirements	379
	Section 4.04	REMIC Compliance	380
	Section 4.05	Imposition of Tax on the Trust REMICs	382
	Section 4.06	Remittances; P&I Advances	383
	Section 4.07	Grantor Trust Reporting	390
	Section 4.08	Calculations	392
	Section 4.09	Secure Data Room	392
	 
	Article V
	 
	THE CERTIFICATES AND THE Loan-Specific CertificateS
	 	 	 
	Section 5.01	The Certificates	393
	Section 5.02	Form and Registration	394
	Section 5.03	Registration of Transfer and Exchange of Certificates	399
	Section 5.04	Mutilated, Destroyed, Lost or Stolen Certificates	409
	Section 5.05	Persons Deemed Owners	410
	Section 5.06	Appointment of Paying Agent	410
	Section 5.07	Access to Certificateholders’ Names and Addresses;
    Special Notices	410
	Section 5.08	Actions of Certificateholders or Loan-Specific Certificateholders	412
	Section 5.09	Authenticating Agent	412
	Section 5.10	Appointment of Custodian	413
	Section 5.11	Maintenance of Office or Agency	414
	Section 5.12	Voting Procedures	414
	 
	Article VI
	 
	THE DEPOSITOR, THE MASTER SERVICER, THE SPECIAL SERVICER, the Operating Advisor, THE Asset Representations Reviewer and the Controlling Class Representative
	 	 	 
	Section 6.01	Liability of the Depositor, the Master Servicer, the Special
    Servicer, the Asset Representations Reviewer and the Operating Advisor	416
	Section 6.02	Merger or Consolidation of the Master Servicer, the Special
    Servicer, the Operating Advisor and the Asset Representations Reviewer	417
	Section 6.03	Limitation on Liability of the Depositor, the Master Servicer,
    the Special Servicer, the Operating Advisor, the Asset Representations Reviewer and Others	417
	Section 6.04	Limitation on Resignation of the Master Servicer, the Special
    Servicer or the Operating Advisor	419
	Section 6.05	Rights of the Depositor, the Trustee and the Certificate
    Administrator in Respect of the Master Servicer and Special Servicer	422
	Section 6.06	Master Servicer, Special Servicer as Owner of a Certificate	423
	Section 6.07	Rating Agency Fees	424
	Section 6.08             	Termination of the Special Servicer	424
	Section 6.09	The Directing Holder, the Controlling Class Representative
    and the Risk Retention Consultation Parties	435

 

    	 	
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	Page
	 
	Article VII
	 
	DEFAULT
	 	 	 
	Section 7.01	Servicer Termination
    Events	446
	Section 7.02	Trustee to
    Act; Appointment of Successor	453
	Section 7.03	Notification
    to Certificateholders	455
	Section 7.04	Other Remedies
    of Trustee	455
	Section 7.05	Waiver of
    Past Servicer Termination Events and Operating Advisor Termination Events; Termination	456
	Section 7.06	Termination
    of the Operating Advisor	457
	 
	Article VIII
	 
	CONCERNING THE TRUSTEE and The Certificate Administrator
	 	 	 
	Section 8.01	Duties of
    the Trustee and the Certificate Administrator	461
	Section 8.02	Certain Matters
    Affecting the Trustee and the Certificate Administrator	464
	Section 8.03	Neither the
    Trustee Nor the Certificate Administrator Is Liable for Certificates or Trust Loans	468
	Section 8.04	Trustee and
    Certificate Administrator May Own Certificates	469
	Section 8.05	Payment of
    Trustee/Certificate Administrator Fees and Expenses; Indemnification	469
	Section 8.06	Eligibility
    Requirements for the Trustee and the Certificate Administrator	472
	Section 8.07	Resignation
    and Removal of the Trustee or the Certificate Administrator	473
	Section 8.08	Successor
    Trustee or Successor Certificate Administrator	476
	Section 8.09	Merger or
    Consolidation of the Trustee or the Certificate Administrator	476
	Section 8.10	Appointment
    of Co-Trustee or Separate Trustee	477
	Section 8.11	Access to
    Certain Information	478
	 
	Article IX
	 
	TERMINATION; OPTIONAL MORTGAGE LOAN PURCHASE
	 	 	 
	Section 9.01	Termination;
    Optional Trust Loan Purchase	480
	 
	Article X
	 
	EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE
	 	 	 
	Section 10.01	Intent of
    the Parties; Reasonableness	488
	Section 10.02	Succession;
    Sub-Servicers; Subcontractors.	488
	Section 10.03	Filing Obligations	491
	Section 10.04	Form 10-D
    and Form ABS-EE Filings.	492
	Section 10.05	Form 10-K
    Filings.	497
	Section 10.06           	Sarbanes-Oxley
    Certification	500

 

 

    	 	
 - iv -	 

     

    

	 	 	Page
	 	 	 
	 	 	 
	Section 10.07	Form 8-K Filings	501
	Section 10.08	Annual Compliance Statements	503
	Section 10.09	Annual Reports on Assessment of Compliance With Servicing
    Criteria	505
	Section 10.10	Annual Independent Public Accountants’ Servicing Report	507
	Section 10.11	Significant Obligors	508
	Section 10.12	Indemnification	509
	Section 10.13	Amendments	512
	Section 10.14	Regulation AB Notices	512
	Section 10.15	Termination of the Certificate Administrator	512
	Section 10.16	Termination of the Master Servicer or the Special Servicer	513
	Section 10.17	Termination of Sub-Servicing Agreements	513
	Section 10.18	Notification Requirements and Deliveries in Connection With
    Securitization of a Serviced Companion Loan	513
	Section 10.19	Termination of Exchange Act Filings With Respect to the
    Trust	516
	 
	Article XI
	 
	ASSET REVIEW PROVISIONS
	 	 	 
	Section 11.01	Asset Review	516
	Section 11.02	Payment of Asset Representations Asset Review Fee and Expenses;
    Limitation of Liability	524
	Section 11.03	Resignation of the Asset Representations Reviewer	525
	Section 11.04	Restrictions of the Asset Representations Reviewer	526
	Section 11.05	Termination of the Asset Representations Reviewer	526
	 
	Article XII
	 
	MISCELLANEOUS PROVISIONS
	 	 	 
	Section 12.01	Counterparts	529
	Section 12.02	Limitation on Rights of Certificateholders	530
	Section 12.03	Governing Law	531
	Section 12.04	Notices	531
	Section 12.05	Severability of Provisions	542
	Section 12.06	Notice to the Rule 17g-5 Information Provider, Depositor
    and Each Rating Agency	543
	Section 12.07	Amendment	545
	Section 12.08	Confirmation of Intent	549
	Section 12.09	Third-Party Beneficiaries	549
	Section 12.10	Request by Certificateholders or the Serviced Companion
    Loan Holder	550
	Section 12.11	Waiver of Jury Trial	550
	Section 12.12	Submission to Jurisdiction	550
	Section 12.13	Exchange Act Rule 17g-5 Procedures	550
	Section 12.14	Cooperation With the Mortgage Loan Sellers With Respect
    to Rights Under the Loan Agreements	556
	Section 12.15	Electronic Signatures.	557
	Section 12.16           	PNC Bank, National Association	557

 

    	 	
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	Page

 

 

 

 

 

 

    	 	
 - vi -	 

     

    

 

	TABLE
    OF EXHIBITS
	Exhibit A-1	Form of Class A-1 Certificate
	Exhibit A-2	Form of Class A-2 Certificate
	Exhibit A-3	Form of Class A-4 Certificate
	Exhibit A-4	Form of Class A-5 Certificate
	Exhibit A-5	Form of Class A-SB Certificate
	Exhibit A-6	Form of Class X-A Certificate
	Exhibit A-7	Form of Class A-S Certificate
	Exhibit A-8	Form of Class B Certificate
	Exhibit A-9	Form of Class C Certificate
	Exhibit A-10	Form of Class X-D Certificate
	Exhibit A-11	Form of Class X-F Certificate
	Exhibit A-12	Form of Class X-G Certificate
	Exhibit A-13	Form of Class X-H Certificate
	Exhibit A-14                     	Form of Class D Certificate
	Exhibit A-15	Form of Class E Certificate
	Exhibit A-16	Form of Class F Certificate
	Exhibit A-17	Form of Class G Certificate
	Exhibit A-18	Form of Class H Certificate
	Exhibit A-19	Form of Class R Certificate
	Exhibit A-20	Form of Class S Certificate
	Exhibit A-21	Form of Class VRR Certificate
	Exhibit A-22	Form of Class YL-A Certificate
	Exhibit A-23	Form of Class YL-B Certificate
	Exhibit A-24	Form of Class YL-C Certificate
	Exhibit A-25	Form of Class YL-D Certificate
	Exhibit A-26	Form of Class YLRR Certificate
	Exhibit B	Mortgage Loan Schedule
	Exhibit C	Form of Request for Release
	Exhibit D	Form of Distribution Date Statement
	Exhibit E	Form of Transfer Certificate for Rule 144A
    Global Certificate to Temporary Regulation S Global Certificate
	Exhibit F	Form of Transfer Certificate for Rule 144A
    Global Certificate to Regulation S Global Certificate
	Exhibit G	Form of Transfer Certificate for Temporary Regulation S
    Global Certificate to Rule 144A Global Certificate during Restricted Period
	Exhibit H	Form of Certification to be given by Certificate
    Owner of Temporary Regulation S Global Certificate
	Exhibit I	Form of Transfer Certificate for Non-Book Entry
    Certificate to Temporary Regulation S Global Certificate
	Exhibit J	Form of Transfer Certificate for Non-Book Entry
    Certificate to Regulation S Global Certificate
	Exhibit K	Form of Transfer Certificate for Non-Book Entry
    Certificate to Rule 144A Global Certificate
	Exhibit L-1	Form of Affidavit Pursuant to Sections 860D(a)(6)(A)
    and 860E(e)(4) of the Internal Revenue Code of 1986, as Amended

 

    	 	
 - i -	 

     

    

 

	Exhibit L-2A	Form of Transferor Letter for Transfer
    of Class R Certificates
	Exhibit L-2B	Form of Transferor Letter for Transfer of Non-Book
    Entry Certificates (other than Public Certificates)
	Exhibit L-3	Form of Transferee Letter
	Exhibit L-4	Form of Investment Representation Letter
	Exhibit L-5A	Form of Transferee Certificate for Transfer of Class
    VRR Certificates
	Exhibit L-5B	[RESERVED]
	Exhibit L-5C	Form of Transferee Certificate for Transfer of Class
    YLRR Certificates
	Exhibit L-6A	Form of Transferor Certificate for Transfer of Class
    VRR Certificates
	Exhibit L-6B	[RESERVED]
	Exhibit L-6C	Form of Transferor Certificate for Transfer of Class
    YLRR Certificates
	Exhibit L-7A	Form of Transferee Certificate for Transfer of Uncertificated
    VRR Interest
	Exhibit L-7B	Form of Transferor Certificate for Transfer of Uncertificated
    VRR Interest
	Exhibit M-1A	Form of Investor Certification for Non-Borrower
    Party (for persons other than the Controlling Class Representative, a Controlling Class Certificateholder, the Loan-Specific
    Controlling Class Representative and/or a Loan-Specific Controlling Class Certificateholder)
	Exhibit M-1B	Form of Investor Certification for Non-Borrower
    Party (for the Controlling Class Representative, a Controlling Class Certificateholder, the Loan-Specific Controlling Class
    Representative and/or a Loan-Specific Controlling Class Certificateholder)
	Exhibit M-1C	Form of Investor Certification for Borrower Party
    (for the Controlling Class Representative, a Controlling Class Certificateholder, the Loan-Specific Controlling Class Representative
    and/or a Loan-Specific Controlling Class Certificateholder)
	Exhibit M-1D	Form of Investor Certification for Borrower Party
    (for persons other than the Controlling Class Representative, a Controlling Class Certificateholder, a Risk Retention Consultation
    Party, a Holder of Class VRR Certificate(s), the Uncertificated VRR Interest Owner, the Loan-Specific Controlling Class Representative
    and/or a Loan-Specific Controlling Class Certificateholder)
	Exhibit M-1E	Form of Investor Certification for Borrower Party
    (for a Risk Retention Consultation Party, a Holder of Class VRR Certificate(s) or the Uncertificated VRR Interest Owner)
	Exhibit M-1F	Form of Notice of Excluded Controlling Class Holder
	Exhibit M-1G	Form of Notice of Excluded Controlling Class Holder
    to Certificate Administrator
	Exhibit M-1H                   	Form of Certification of the Controlling Class Representative
    and the Loan-Specific Controlling Class Representative
	Exhibit M-1I	Form of Certification of a Risk Retention Consultation
    Party

 

    	 	
 - ii -	 

     

    

 

	Exhibit M-2A                   	Form of Investor Certification for Exercising
    Voting Rights or Pooled Voting Rights for Non-Borrower Party
	Exhibit M-2B	Form of Investor Certification for Exercising Voting
    Rights or Pooled Voting Rights for Borrower Party
	Exhibit M-3	Form of Online Vendor Certification
	Exhibit M-4	Form of Confidentiality Agreement
	Exhibit M-5	Form of NRSRO Certification
	Exhibit N	Custodian Certification
	Exhibit O	Servicing Criteria to be Addressed in Assessment
    of Compliance
	Exhibit P	[Reserved]
	Exhibit Q	Retained Defeasance Rights and Obligations Mortgage
    Loans
	Exhibit R	Form of Operating Advisor Annual Report
	Exhibit S	Sub-Servicing Agreements
	Exhibit T	Form of Recommendation of Special Servicer Termination
	Exhibit U	Additional Form 10-D Disclosure
	Exhibit V	Additional Form 10-K Disclosure
	Exhibit W-1	Form of Additional Disclosure Notification
	Exhibit W-2	Form of Additional Disclosure Notification (Accounts)
	Exhibit W-3	Form of Notice of Additional Indebtedness Notification
	Exhibit X	Form Certification to be Provided with Form 10-K
	Exhibit Y-1	Form of Certification to be Provided to Depositor
    by the Certificate Administrator
	Exhibit Y-2	Form of Certification to be Provided to Depositor
    by the Master Servicer
	Exhibit Y-3	Form of Certification to be Provided to Depositor
    by the Special Servicer
	Exhibit Y-4	Form of Certification to be Provided to Depositor
    by the Operating Advisor
	Exhibit Y-5	Form of Certification to be Provided to Depositor
    by the Custodian
	Exhibit Y-6	Form of Certification to be Provided to Depositor
    by the Trustee
	Exhibit Y-7	Form of Certification to be Provided to Depositor
    by the Asset Representations Reviewer
	Exhibit Y-8	Form of Certification to be Provided to Depositor
    by a Sub-Servicer
	Exhibit Z	Form 8-K Disclosure Information
	Exhibit AA-1	Form of Power of Attorney for Master Servicer
	Exhibit AA-2	Form of Power of Attorney for Special Servicer
	Exhibit BB	Class A-SB Scheduled Principal Balance
	Exhibit CC-1	Form of Transferor Certificate for Transfer of the
    Excess Servicing Fee Rights
	Exhibit CC-2	Form of Transferee Certificate for Transfer of the
    Excess Servicing Fee Rights
	Exhibit DD	Form of Notice and Certification Regarding Defeasance
    of Mortgage Loan
	Exhibit EE	[Reserved]

 

    	 	
 - iii -	 

     

    

 

	Exhibit FF-1	Form of Notice Regarding Outside Serviced
    Mortgage Loan (Stockton Self Storage Portfolio) [TO BE SENT UPON THE RELATED SERVICING SHIFT DATE]
	Exhibit FF-2	Form of Notice Regarding Outside Serviced Mortgage
    Loan (Bell Works, 2550 M Street and ExchangeRight Net Leased Portfolio #55)
	Exhibit FF-3	Form of Notice Regarding Outside Serviced Mortgage
    Loan (One Wilshire)
	Exhibit FF-4	Form of Notice Regarding Outside Serviced Mortgage
    Loan (360 Rosemary and 111 River Street)
	Exhibit FF-5	Form of Notice Regarding Outside Serviced Mortgage
    Loan (2 Riverfront Plaza)
	Exhibit GG	Specified Mortgage Loans
	Exhibit HH	Form of Asset Review Report
	Exhibit II	Form of Asset Review Report Summary
	Exhibit JJ	Asset Review Procedures
	Exhibit KK	Form of Certification to Certificate Administrator
    Requesting Access to Secure Data Room
	Exhibit LL	Form of Notice of [Additional Delinquent Loan][Cessation
    of Delinquent Loan][Cessation of Asset Review Trigger]
	Exhibit MM                     	Form of Certificate Administrator Receipt in Respect
    of Risk Retention Certificates
	Exhibit NN	Initial Serviced Companion Loan Holders

 

    	 	
 - iv -	 

     

    

    

Pooling and Servicing Agreement,
dated as of June 1, 2022, among Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC
Bank, National Association, as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC,
solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating
Advisor, Park Bridge Lender Services LLC, as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate
Administrator, and Wilmington Trust, National Association, as Trustee.

PRELIMINARY STATEMENT:

(Terms used but not defined in this Preliminary

Statement shall have the meanings

specified in Article I hereof)

The Depositor intends to
sell pass-through certificates to be issued hereunder in multiple classes which in the aggregate, together with the Uncertificated
VRR Interest, will evidence the entire beneficial ownership interest in the Trust Fund consisting primarily of the Mortgage Loans and
the Trust Subordinate Companion Loan. As provided herein, the Certificate Administrator will elect that three segregated portions of the
Trust Fund (other than any VRR Specific Grantor Trust Assets and any Class S Specific Grantor Trust Assets) be treated for federal
income tax purposes as three separate REMICs (designated as the “Trust Subordinate Companion Loan REMIC,” the “Upper-Tier
REMIC” and the “Lower-Tier REMIC”, respectively).

In addition, the parties
intend that the portion of the Trust Fund consisting of any VRR Specific Grantor Trust Assets and any Class S Specific Grantor Trust
Assets will be treated as a grantor trust under subpart E of Part I of subchapter J of the Code. Solely for federal income tax purposes,
the Class VRR Certificates and the Uncertificated VRR Interest shall represent undivided beneficial interests in any VRR Specific
Grantor Trust Assets, and the Class S Certificates shall represent undivided beneficial interests in any Class S Specific Grantor
Trust Assets.

TRUST SUBORDINATE COMPANION LOAN REMIC

The Trust Subordinate Companion
Loan REMIC will hold the Trust Subordinate Companion Loan and will issue (i) 5 classes of uncertificated Trust Subordinate Companion Loan
Regular Interests (designated as the Class LYL-A, Class LYL-B, Class LYL-C, Class LYL-D and Class LYLRR, respectively), each of which
will constitute a class of “regular interests” in the Trust Subordinate Companion Loan REMIC, and (ii) the Trust Subordinate
Companion Loan Residual Interest, which will be the sole class of “residual interests” in the Trust Subordinate Companion
Loan REMIC and will be evidenced by the Class R Certificates.

    	 	- 1 -	 

     

    

The following table sets
forth the per annum rate at which interest will accrue on, and the original Trust Subordinate Companion Loan Principal Balance
of, each Trust Subordinate Companion Loan Regular Interest:

	
    Designation of
    Trust Subordinate Companion Loan Regular Interest
	
    Interest Rate
	
    Original Trust
    Subordinate Companion Loan Principal Balance

	Class LYL-A 	(1)	$25,000,000
	Class LYL-B	(1)	$56,000,000
	Class LYL-C 	(1)	$62,200,000
	Class LYL-D 	(1)	$64,300,000
	Class LYLRR	(1)	$14,000,000

 

(1)       Each
Trust Subordinate Companion Loan Regular Interest will accrue interest at the Net Mortgage Pass-Through Rate on the Trust Subordinate
Companion Loan in effect from time to time.

The Trust Subordinate Companion
Loan Residual Interest will not have a principal balance, will not bear interest and will not be entitled to distributions of Yield Maintenance
Charges. Any Trust Subordinate Companion Loan Available Funds remaining in the Trust Subordinate Companion Loan REMIC Distribution Account
after all distributions deemed made on the Trust Subordinate Companion Loan Regular Interests on any Distribution Date will be payable
to the Holders of the Class R Certificates in respect of the Trust Subordinate Companion Loan Residual Interest.

The Holders of the Loan-Specific
Certificates shall only be entitled to receive distributions in respect of, and shall only incur losses with respect to, the Trust Subordinate
Companion Loan, which is not part of the Mortgage Pool backing the Regular Certificates, the Class S Certificates and the Uncertificated
VRR Interest. None of the Uncertificated VRR Interest, the Class S Certificates or any Class of Regular Certificates has an interest
in the Trust Subordinate Companion Loan.

LOWER-TIER
REMIC

The Lower-Tier REMIC
will hold the Mortgage Loans (exclusive of any Excess Interest) and will issue (i) 14 classes of uncertificated Lower-Tier Regular
Interests (designated as the Class LA-1, Class LA-2, Class LA-4, Class LA-5, Class LA-SB, Class LA-S,
Class LB, Class LC, Class LD, Class LE, Class LF, Class LG, Class LH and Class LVRR Lower-Tier Regular Interests,
respectively), each of which will constitute a class of “regular interests” in the Lower-Tier REMIC, and (ii) the
Lower-Tier Residual Interest, which will be the sole class of “residual interests” in the Lower-Tier REMIC and will
be evidenced by the Class R Certificates.

The following table sets
forth the per annum rate at which interest will accrue on, and the original Lower-Tier Principal Balance of, each Lower-Tier Regular
Interest:

	
    Designation of
    Lower-Tier Regular Interest
	
    Interest Rate
	
    Original Lower-Tier
    Principal Balance

	Class LA-1	(1)	$	3,961,000	 
	Class LA-2	(1)	$	93,366,000	 

    	 	- 2 -	 

     

    

 

	Class LA-4	(1)	$	115,000,000	 
	Class LA-5	(1)	$	202,858,000	 
	Class LA-SB	(1)	$	5,942,000	 
	Class LA-S	(1)	$	42,112,000	 
	Class LB	(1)	$	30,833,000	 
	Class LC	(1)	$	30,080,000	 
	Class LD	(1)	$	18,801,000	 
	Class LE	(1)	$	15,040,000	 
	Class LF	(1)	$	15,040,000	 
	Class LG	(1)	$	6,768,000	 
	Class LH	(1)	$	21,809,280	 
	Class LVRR	(1)	$	31,663,699	 

 

(1)       Each
Lower-Tier Regular Interest will accrue interest at the WAC Rate in effect from time to time.

The Lower-Tier Residual
Interest will not have a Lower-Tier Principal Balance, will not bear interest and will not be entitled to distributions of Yield Maintenance
Charges. Any Aggregate Available Funds remaining in the Lower-Tier REMIC Distribution Account after all distributions deemed made
on the Lower-Tier Regular Interests on any Distribution Date will be payable to the Holders of the Class R Certificates in respect
of the Lower-Tier Residual Interest.

UPPER-TIER
REMIC

The Upper-Tier REMIC
will hold the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests and will issue (i) the
Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D,
Class E, Class F, Class G, Class H, Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates, each class
of which evidences a class of “regular interests” in the Upper-Tier REMIC, (ii) the Class VRR Upper-Tier
Regular Interest, which will be a class of “regular interests” in the Upper-Tier REMIC, (iii) the Class X-A,
Class X-D, Class X-F, Class X-G and Class X-H Certificates, each class of which evidences one or more classes of “regular
interests” in the Upper-Tier REMIC, and (iv) the Upper-Tier Residual Interest, which will be the sole class of “residual
interests” in the Upper-Tier REMIC and will also be evidenced by the Class R Certificates.

The following table sets
forth the approximate initial pass-through rate and the original Certificate Balance or, in the case of the Class X-A, Class X-D,
Class X-F, Class X-G and Class X-H Certificates, original Notional Amount, as applicable, for each Class of Non-Vertically
Retained Regular Certificates and Loan-Specific Certificates and for the Class VRR Upper-Tier Regular Interest:

	
    Class Designation
	
    Approximate Initial
    Pass-Through Rate (per annum)
	
    Original Certificate
    Balance / Original Notional Amount

	Class A-1	4.10700%	$	3,961,000	 

    	 	- 3 -	 

     

    

 

	Class A-2	4.66526%	$	93,366,000	 
	Class A-4	4.47900%	$	115,000,000	 
	Class A-5	4.58026%	$	202,858,000	 
	Class A-SB	4.64526%	$	5,942,000	 
	Class X-A(1)	0.30734%	$	421,127,000	 
	Class A-S	4.87526%	$	42,112,000	 
	Class B	4.87526%	$	30,833,000	 
	Class C	4.87526%	$	30,080,000	 
	Class X-D(1)	2.37526%	$	33,841,000	 
	 	 	 
	Class X-F(1)	1.35000%	$	15,040,000	 
	Class X-G(1)	1.35000%	$	6,768,000	 
	Class X-H(1)	1.35000%	$	21,809,280	 
	Class D	2.50000%	$	18,801,000	 
	Class E	2.50000%	$	15,040,000	 
	Class F	3.52526%	$	15,040,000	 
	Class G	3.52526%	$	6,768,000	 
	Class H	3.52526%	$	21,809,280	 
	Class VRR Upper-Tier Regular Interest	(2)	$	31,663,699	(3)
	Class YL-A	3.03700%	$	25,000,000	 
	Class YL-B	3.03700%	$	56,000,000	 
	Class YL-C	3.03700%	$	62,200,000	 
	Class YL-D	3.03700%	$	64,300,000	 
	Class YLRR	3.03700%	$	14,000,000	 

 

(1)       The Class X-A,
Class X-D, Class X-F, Class X-G and Class X-H Certificates will not have Certificate Balances; rather, each such Class of
Certificates will accrue interest as provided herein on the related Notional Amount.

(2)       Other
than for tax reporting purposes, the Class VRR Upper-Tier Regular Interest will not have a Pass-Through Rate, but will be
entitled to interest on any Distribution Date equal to the VRR Interest Distribution Amount for such Distribution Date as set forth in
Section 4.01(c). For tax reporting purposes, the Class VRR Upper-Tier Regular Interest will accrue interest at the WAC
Rate in effect from time to time.

(3)       $31,663,699
is also the initial Combined VRR Interest Balance.

 The Upper-Tier Residual Interest
will not have a Certificate Balance or Notional Amount, will not bear interest and will not be entitled to distributions of Yield Maintenance
Charges. Any Available Funds remaining in the Upper-Tier REMIC Distribution Account, after all required distributions under this
Agreement have been made with respect to the Non-Vertically Retained Regular Certificates, the Loan-Specific Certificates and the Class
VRR Upper-Tier Regular Interest, will be distributed to the Holders of the Class R Certificates in respect of the Upper-Tier
Residual Interest.

The following table sets
forth, with respect to each Class of Non-Vertically Retained Principal Balance Certificates and Loan-Specific Certificates and with
respect to the Class VRR Upper-Tier Regular Interest, the corresponding Lower-Tier Regular Interest (the “Corresponding Lower-Tier
Regular Interest”) or Trust Subordinate Companion Loan Regular Interest (the “Corresponding Trust Subordinate Companion
Loan Regular Interest”), as applicable, and any corresponding component of the Class X Certificates (the “Corresponding
Component”). Each

    	 	- 4 -	 

     

    

Class of Non-Vertically Retained Principal
Balance Certificates constitutes the “Corresponding Certificates” with respect to each of the Corresponding Lower-Tier
Regular Interest and the Corresponding Component (if any) for that Class. The Class VRR Upper-Tier Regular Interest is deemed to be the
“Corresponding Certificates” with respect to the Class LVRR Lower-Tier Regular Interest. Each Class of Loan-Specific
Certificates constitutes the “Corresponding Certificates” with respect to the Corresponding Trust Subordinate Companion
Loan Regular Interest for that Class.

	
    Class Designation
	
    Corresponding
    Lower-Tier Regular Interest or Trust Subordinate Companion Loan Regular Interest(1)
	
    Corresponding
    Component(1)

	Class A-1	Class LA-1	Class A-1
	Class A-2	Class LA-2	Class A-2
	Class A-4	Class LA-4	Class A-4
	Class A-5	Class LA-5	Class A-5
	Class A-SB	Class LA-SB	Class A-SB
	Class A-S	Class LA-S	N/A
	Class B	Class LB	N/A
	Class C	Class LC	N/A
	Class D	Class LD	Class D
	Class E	Class LE	Class E
	Class F	Class LF	Class F
	Class G	Class LG	Class G
	Class H	Class LH	Class H
	Class VRR Upper-Tier Regular Interest	Class LVRR	N/A
	Class YL-A	Class LYL-A	N/A
	Class YL-B	Class LYL-B	N/A
	Class YL-C	Class LYL-C	N/A
	Class YL-D	Class LYL-D	N/A
	Class YLRR	Class LYLRR	N/A

 

(1)The Corresponding Lower-Tier Regular
Interest and the Corresponding Component, if any, with respect to any Class of Non-Vertically Retained Principal Balance Certificates
are also the Corresponding Lower-Tier Regular Interest and Corresponding Component with respect to each other..

GRANTOR TRUST

The portions of the Trust
Fund consisting of the VRR Specific Grantor Trust Assets and the Class S Specific Grantor Trust Assets shall be treated as a grantor
trust under subpart E, part I of subchapter J of the Code (the “Grantor Trust”) for federal income tax purposes. The
Class VRR Certificates (with an initial Certificate Balance of $24,392,599) and the Uncertificated VRR Interest (with an initial
Uncertificated VRR Interest Balance of $7,271,100) shall represent undivided beneficial interests in the portion of the Grantor Trust
consisting of the VRR Specific Grantor Trust Assets, and the Class S Certificates shall represent undivided beneficial interests
in

    	 	- 5 -	 

     

    

the portion of the Grantor Trust consisting
of the Class S Specific Grantor Trust Assets. As provided herein, the Certificate Administrator shall not take any actions that would
cause the Grantor Trust to either (i) lose its status as a “grantor trust” or (ii) be treated as part of any Trust REMIC.

WHOLE LOANS

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

	
    Loan No. for related
    Mortgage Loan
	
    Name of related Mortgaged
    Property or Portfolio of Mortgaged Properties
	
    Servicing Type
	
    Outside Servicing
    Agreement
	
    Date of Co-Lender
    Agreement
	
    Mortgage Loan
	
    Pari Passu Companion
    Loan(s)
	
    Subordinate Companion
    Loan(s)

	1	Yorkshire & Lexington Towers 	Serviced	N/A	May 12, 2022	
    Note A-4

    Note A-9

    Note A-11
	
    Note A-1

    Note A-2

    Note A-3

    Note A-5

    Note A-6

    Note A-7

    Note A-8

    Note A-10

    Note A-12

    Note A-13

    Note A-14

    Note A-15

    Note A-16

    Note A-17

    Note A-18
	
    Note B-1

    Note B-2

	3	79 Fifth Avenue	Serviced	N/A	May 11, 2022	Note A-1-1	
    Note A-1-2

    Note A-1-3

    Note A-2-1

    Note A-2-2

    Note A-2-3-1

    Note A-2-3-2

    Note A-3-1

    Note A-3-2

    Note A-3-3
	N/A
	6	2550 M Street	Outside Serviced	BMARK 2022-B35 PSA	April 19, 2022	Note A-2	Note A-1	N/A
	7	Bell Works 	Outside Serviced	BMARK 2022-B35 PSA	June 16, 2022	Note A-2-1 Note A-4	Note A-1

Note A-2-2

Note A-3-1

Note A-3-2

Note A-5

	N/A

    	 	- 6 -	 

     

    

 

	
    Loan No. for related
    Mortgage Loan
	
    Name of related Mortgaged
    Property or Portfolio of Mortgaged Properties
	
    Servicing Type
	
    Outside Servicing
    Agreement
	
    Date of Co-Lender
    Agreement
	
    Mortgage Loan
	
    Pari Passu Companion
    Loan(s)
	
    Subordinate Companion
    Loan(s)

						
    

     
	
    

    Note A-6

    Note A-7

    Note A-8

    Note A-9

    Note A-10

    Note A-11
	
	9	One Wilshire	Outside Serviced	BMARK 2022-B32 PSA	February 16, 2022	Note A-5	
    Note A-1

    Note A-2

    Note A-3

    Note A-4
	 
	10	ExchangeRight Net Leased Portfolio #55	Outside Serviced	BMARK 2022-B35 PSA	April 8, 2022	
    Note A-1-B

     
	
    Note A-1-A

    Note A-2
	N/A
	15	Stockton Self Storage Portfolio 	Servicing Shift(1)	N/A(2)	May 3, 2022	Note A-2	Note A-1	 
	25	360 Rosemary 	Outside Serviced	BMO 2022-C1 PSA	February 1, 2022	Note A-5	
    Note A-1

    Note A-2

    Note A-3

    Note A-4
	Note B Note C
	26	111 River Street 	Outside Serviced	BMO 2022-C1 PSA	February 1, 2022	
    Note A-4

     
	
    Note A-1

    Note A-2

    Note A-3

    Note A-5
	Note B
	27	2 Riverfront Plaza	Outside Serviced	BBCMS 2022-C15 PSA	February 1, 2022	
    Note A-4

     
	
    Note A-1 Note A-2

    Note A-3

    Note A-5
	 

 

	 	(1)	 The related Servicing Shift Lead Note is Note A-1.
		(2)	As of the Closing Date, a Servicing Shift Whole Loan will be a Serviced Whole Loan serviced pursuant to this Agreement. On and after
the related Servicing Shift Date, a Servicing Shift Whole Loan will be an Outside Serviced Whole Loan serviced pursuant to the Outside
Servicing Agreement governing the securitization of the related Pari Passu Companion Loan evidenced by the related Servicing Shift Lead
Note.

 

CREDIT RISK
RETENTION

Regular Certificates, Class S Certificates and Uncertificated
VRR Interest

CREFI will be the “retaining
sponsor” (as such term is defined in Regulation RR) for the securitization transaction constituted by the securitization of the
Mortgage Pool and the issuance of the Regular Certificates, the Class S Certificates and the Uncertificated VRR Interest.

On the Closing Date, pursuant
to the CREFI Mortgage Loan Purchase Agreement, CREFI will receive, as partial consideration, for the Mortgage Loans and/or portions thereof
that CREFI is transferring to the Depositor, $24,392,599 of the Combined VRR Interest in the form of Class

    	 	- 7 -	 

     

    

VRR Certificates (such portion of the Combined
VRR Interest, the “VVR1 Interest” or “CREFI VRR Interest Portion”).

On the Closing Date, pursuant
to the GSMC Mortgage Loan Purchase Agreement, GS Bank, an “originator” (within the meaning of Regulation RR) of Mortgage Loans
and/or portions thereof representing approximately 23% of the aggregate Cut-off Date Balance of all the Mortgage Loans, will receive
from the Depositor, at the direction of GSMC, $7,271,100 of the Combined VRR Interest in the form of the Uncertificated VRR Interest (such
portion of the Combined VRR Interest, the “VVR2 Interest” or “GS Bank VRR Interest Portion”), in
exchange for a reduction in the price that GS Bank is to receive for its sale (through GSMC) to the Depositor of the Mortgage Loans and/or
portions thereof that it is transferring (through GSMC) to the Depositor.

Loan-Specific Certificates

BMO will be the “retaining
sponsor” (as such term is defined in Regulation RR) (the “Yorkshire & Lexington Towers Retaining Sponsor”)
for the securitization transaction constituted by the securitization of the Trust Subordinate Companion Loan and the issuance of the Loan-Specific
Certificates. The Yorkshire & Lexington Towers Retaining Sponsor will satisfy its risk retention requirements under Regulation RR
with respect to such securitization by a third party purchaser (the “Yorkshire & Lexington Towers Retaining Third Party Purchaser”),
which will be FS CREIT Investments HRR, LLC, a Delaware limited liability company, purchasing, on the Closing Date for cash, and holding
for its own account an “eligible horizontal residual interest” (as defined in Regulation RR) that will consist of the Class YLRR
Certificates having a fair value equal to at least 5.0% of the aggregate fair value of all Loan-Specific Certificates, as of the Closing
Date.

* * * * *

As of the Cut-Off Date,
the Mortgage Loans have an aggregate Stated Principal Balance equal to approximately $633,273,980. As of the Cut Off Date, the Trust Subordinate
Companion has a Stated Principal Balance equal to approximately $221,500,000.

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

Article
I

DEFINITIONS

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

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

“30/360 Basis”:
The accrual of interest on the basis of a 360-day year consisting of twelve 30-day months.

    	 	- 8 -	 

     

    

“AB Whole Loan”:
A Whole Loan that includes a Subordinate Companion Loan. The only AB Whole Loans related to the Trust as of the Closing Date are those
with related Notes listed in the Whole Loan Table under the column heading “Subordinate Companion Loan(s).”

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

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

“Acceptable Insurance
Default”: With respect to any Serviced Mortgage Loan (or Serviced Whole Loan), any Default arising when the related Loan Documents
require that the related Mortgagor must maintain all risk casualty insurance or other insurance that covers damages or losses arising
from acts of terrorism and the Special Servicer has determined, in its reasonable judgment in accordance with the Servicing Standard (and
with the consent of the applicable Directing Holder and after non-binding consultation with any applicable Consulting Parties pursuant
to Section 6.09), that (i) such insurance is not available at commercially reasonable rates and the subject hazards are not
commonly insured against by prudent owners of similar real properties located in or near the geographic region in which the Mortgaged
Property is located (but only by reference to such insurance that has been obtained by such owners at current market rates), or (ii) such
insurance is not available at any rate; provided, however, that the applicable Directing Holder shall be required to respond
to the Special Servicer’s request for such consent (or be deemed to have provided such consent) within the time period in Section 6.09(a)
with respect to Acceptable Insurance Defaults; provided, further, that upon the Special Servicer’s determination,
consistent with the Servicing Standard, that exigent circumstances do not allow the Special Servicer to consult with the related Directing
Holder or the applicable Consulting Parties, the Special Servicer shall not be required to do so. In making this determination, the Special
Servicer, to the extent consistent with the Servicing Standard, may rely on the opinion of an insurance consultant.

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

    	 	- 9 -	 

     

    

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

“Actual/360 Basis”:
The accrual of interest on the basis of the actual number of days elapsed during any relevant accrual period in a year assumed to
consist of 360 days.

“Actual/360 Mortgage
Loan”: A Mortgage Loan that accrues interest on an Actual/360 Basis.

“Additional Debt”:
With respect to any Mortgage Loan, any debt owed by the related Mortgagor to a party other than the lender under such Mortgage Loan that
is secured by the related Mortgaged Property.

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

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

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

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

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

“Additional Servicing
Compensation”: As defined in Section 3.12(a) of this Agreement.

“Additional Special
Servicing Compensation”: As defined in Section 3.12(c) of this Agreement.

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

    	 	- 10 -	 

     

    

Fund, (v) any fees or expenses that are expressly
designated as an Additional Trust Fund Expense pursuant to any provision of this Agreement and (vi) any other default-related
or unanticipated expense of the Trust Fund that is not covered by a Property Advance and for which there is no corresponding collection
from a Mortgagor.

“Administrative
Cost Rate”: (i) With respect to any Mortgage Loan as of any date of determination, a per annum rate equal to the sum of the
Servicing Fee Rate, the Operating Advisor Fee Rate, the Asset Representations Reviewer Ongoing Fee Rate, the CREFC® Intellectual
Property Royalty License Fee Rate and the Trustee/Certificate Administrator Fee Rate; and (ii) with respect to the Trust Subordinate Companion
Loan as of any date of determination, a per annum rate equal to the sum of the Servicing Fee Rate and the CREFC® Intellectual
Property Royalty License Fee Rate, which is equal to 0.00300% per annum.

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

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

“Advance Rate”:
A per annum rate equal to the Prime Rate, compounded annually (and solely with respect to the Master Servicer, subject to a floor
rate of 2.0% per annum).

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

“Affiliate”:
With respect to any specified Person, any other Person controlling or controlled by or under common control with such specified Person;
provided that, solely for the purposes of the definition of “Borrower Party”, the term “Affiliate” means, with
respect to any specified Person, (i) any other Person controlling or controlled by or under common control with such specified Person
or (ii) any other Person that owns, directly or indirectly, 25% (or in the case of the Yorkshire & Lexington Towers Whole Loan, 10%)
or more of the beneficial interests in such specified Person. For the purposes of this definition, “control” when used with
respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled”
have meanings correlative to the foregoing. Upon reasonable request of the Trustee and/or the Certificate Administrator, the Trustee and/or
the Certificate Administrator may obtain and rely on an Officer’s Certificate of the Master Servicer, the Special Servicer or the
Depositor to determine whether any Person is an Affiliate of such party.

    	 	- 11 -	 

     

    

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

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

(a)       the
aggregate amount of all cash received on the Mortgage Loans and any REO Properties on deposit in the Collection Account (in each case,
exclusive of any amount on deposit in or credited to any portion of the Collection Account that is held for the benefit of the Companion
Loan Holders or is otherwise allocable to the Trust Subordinate Companion Loan) and/or the Lower-Tier REMIC Distribution Account as
of the close of business on the Business Day immediately preceding the related Master Servicer Remittance Date, exclusive of any portion
of the foregoing that represents (without duplication):

(i)       Monthly
Payments, together with any Balloon Payments that are accompanied by interest through the related Maturity Date, paid by the related Mortgagors
in respect of a Mortgage Loan, that are due on a Due Date (without regard to grace periods) that occurs after the related Determination
Date;

(ii)      payments
(scheduled or otherwise) of principal (including Principal Prepayments) and interest, Net Liquidation Proceeds, Net Insurance Proceeds,
Net Condemnation Proceeds and other unscheduled recoveries that were received in respect of the Mortgage Pool subsequent to the related
Determination Date (other than any remittances on the Outside Serviced Mortgage Loans or the Trust’s applicable interest in any
related REO Property contemplated by clause (b) of this definition for the subject Distribution Date);

(iii)     amounts
payable or reimbursable to any Person from the Collection Account pursuant to clauses (ii) through (ix), inclusive, of Section 3.06(a)
of this Agreement;

(iv)     Yield
Maintenance Charges on the Mortgage Loans;

(v)      Excess
Interest on the ARD Mortgage Loan(s);

(vi)     Penalty
Charges retained in the Collection Account pursuant to Section 3.14 of this Agreement;

(vii)    all
amounts deposited in the Collection Account or the Lower-Tier REMIC Distribution Account, as the case may be, in error; and

(viii)    with
respect to the Mortgage Loans (including REO Mortgage Loans) for which Withheld Amounts are required to be deposited in the Interest Reserve
Account, and any Distribution Date in January (other than during a leap year) or February of any calendar year (unless such
Distribution Date is the final Distribution Date), an amount equal to one day of interest on the Stated Principal Balance of such Mortgage
Loan as of the close of business on the Distribution Date in the month preceding the month in which the subject Distribution Date occurs
at

    	 	- 12 -	 

     

    

the related Mortgage Rate, less the Administrative
Cost Rate, to the extent such amounts are on deposit in the Collection Account;

(b)       if
and to the extent not already included in clause (a) of this definition for the subject Distribution Date, (i) the aggregate amount
allocable to the Mortgage Loans transferred from any REO Account or Whole Loan Custodial Account to the Collection Account for the subject
Distribution Date pursuant to Section 3.16 or Section 3.06A, as applicable, of this Agreement, and (ii) all remittances
received on the Outside Serviced Mortgage Loans or the Trust’s interest in any related REO Property in the month of the subject
Distribution Date, in each case to the extent that such transfer is made or such remittances are received, as the case may be, by the
close of business on the Business Day immediately preceding the related Master Servicer Remittance Date;

(c)       the
aggregate amount of any Compensating Interest Payments made by the Master Servicer with respect to the Mortgage Loans with respect to
the subject Distribution Date and P&I Advances made by the Master Servicer or the Trustee, as applicable, with respect to the Mortgage
Loans for the subject Distribution Date (net of the related Trustee/Certificate Administrator Fee, Asset Representations Reviewer Ongoing
Fee and Operating Advisor Fee with respect to the Mortgage Loans (including REO Mortgage Loans) for which such Compensating Interest Payments
or P&I Advances are made, to the extent not already deducted from Aggregate Available Funds pursuant to clause (a)(iii) of this
definition);

(d)       the
aggregate amount of Excess Liquidation Proceeds transferred to the Lower-Tier REMIC Distribution Account from the Excess Liquidation
Proceeds Reserve Account for distribution on the subject Distribution Date; and

(e)       with
respect to each Actual/360 Mortgage Loan and any Distribution Date occurring in each March (or February, if the related Distribution
Date is the final Distribution Date), commencing in 2023, the Withheld Amounts remitted to the Lower-Tier REMIC Distribution Account
pursuant to Section 3.23 of this Agreement.

Notwithstanding the investment
of funds held in the Collection Account or the Lower-Tier REMIC Distribution Account pursuant to Section 3.07 of this
Agreement, for purposes of calculating the Aggregate Available Funds, the amounts so invested shall be deemed to remain on deposit in
such account.

“Aggregate Principal
Distribution Amount”: For any Distribution Date, an amount equal to the sum of the following amounts (which, for the avoidance
of doubt, will not include any amounts received in respect of any Trust Subordinate Companion Loan):

(A)      the
Scheduled Principal Distribution Amount for such Distribution Date; and

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

provided that the Aggregate Principal
Distribution Amount for any Distribution Date shall be reduced, to not less than zero, by the amount of any reimbursements of (i) Nonrecoverable

    	 	- 13 -	 

     

    

Advances (including any servicing advance with
respect to an Outside Serviced Mortgage Loan under the related Outside Servicing Agreement), together with interest on such Nonrecoverable
Advances at the Advance Rate, that are paid or reimbursed from principal collections on the Mortgage Loans (including the REO Mortgage
Loans) in a period during which such principal collections would have otherwise been included in the Aggregate Principal Distribution
Amount for such Distribution Date and (ii) Workout-Delayed Reimbursement Amounts that were paid or reimbursed from principal collections
on the Mortgage Loans (including the REO Mortgage Loans) in a period during which such principal collections would have otherwise been
included in the Aggregate Principal Distribution Amount for such Distribution Date (provided that, in the case of clause (i)
and (ii) above, if any of the amounts that were reimbursed from principal collections on the Mortgage Loans (including the REO Mortgage
Loans) for a prior Distribution Date are subsequently recovered on the related Mortgage Loan (including any successor REO Mortgage Loan
with respect thereto), such recovery will increase the Aggregate Principal Distribution Amount for the Distribution Date related to the
Collection Period in which such recovery occurs).

The principal component of
the amounts set forth above shall be determined in accordance with Section 1.02 hereof.

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

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

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

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

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

“Applicable Co-sponsors”:
(i) With respect to the CREFI-BMO Co-sponsored Mortgage Loan, CREFI and BMO; (ii) with respect to the CREFI-BMO Co-sponsored Trust Subordinate
Companion Loan, CREFI and BMO; and (iii) with respect the BMO-SMC-CREFI Co-sponsored Mortgage Loan, BMO, SMC and CREFI.

    	 	- 14 -	 

     

    

“Applicable DBRS
Morningstar Permitted Investment Rating”: (A) In the case of any investments with maturities of 30 days or less, the short-term
obligations (or, if applicable, deposit accounts) of which are rated at least “R-1 (middle)” by DBRS Morningstar or the long-term
obligations (or, if applicable, deposit accounts) of which are rated at least “A” by DBRS Morningstar, (B) in the case of
any investments with maturities of three months or less, but more than 30 days, the short-term obligations (or, if applicable, deposit
accounts) of which are rated at least “R-1 (middle)” by DBRS Morningstar or the long-term obligations (or, if applicable,
deposit accounts) of which are rated at least “AA(low)” by DBRS Morningstar, (C) in the case of any investments with maturities
of six months or less, but more than three months, the short-term obligations (or, if applicable, deposit accounts) of which are rated
in the highest short-term rating category by DBRS Morningstar or the long-term obligations (or, if applicable, deposit accounts) of which
are rated at least “AA” by DBRS Morningstar, and (D) in the case of any investments with maturities of 365 days or less, but
more than six months, the short-term obligations (or, if applicable, deposit accounts) of which are rated in the highest short-term rating
category by DBRS Morningstar or the long-term obligations (or, if applicable, deposit accounts) of which are rated “AAA” by
DBRS Morningstar.

“Applicable Fitch
Permitted Investment Rating”: (A) in the case of any investments with maturities of thirty (30) days or less, the short-term
obligations of which are rated at least “F1” by Fitch or the long-term obligations of which are rated at least “A”
by Fitch, and (B) in the case of such investments with maturities of more than thirty (30) days, the short-term obligations of which are
rated at least “F1+” by Fitch or the long-term obligations of which are rated at least “AA-” by Fitch.

“Applicable KBRA
Permitted Investment Rating”: (A) In the case of any investments with maturities of 90 days or less, the short-term obligations
of which are rated at least “K3” by KBRA or the long-term obligations of which are rated at least “BBB-” by KBRA,
and (B) in the case of any investments with maturities of more than 90 days but less than 365 days, the short-term obligations of which
are rated at least “K1” by KBRA or the long-term obligations of which are rated at least “A-” by KBRA.

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

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

    	 	- 15 -	 

     

    

“Applicable Moody’s
Permitted Investment Rating”: In the case of any investments, the short-term debt obligations of which are rated at least “P-1”
by Moody’s or the long-term debt obligations of which are rated at least “A2” by Moody’s.

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

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

“Appraisal Reduction
Amount”: For any Distribution Date and for any Serviced Mortgage Loan (or Serviced Whole Loan, if applicable) as to which an
Appraisal Reduction Event has occurred and an Appraisal Reduction Amount is required to be calculated, an amount equal to the excess,
if any, of (a) the Stated Principal Balance of such Serviced Mortgage Loan (or Serviced Whole Loan) as of the last day of the related
Collection Period over (b) the excess of (i) the sum of (A) 90% of the appraised value of the related Mortgaged Property
or Properties (as determined by (1) one or more Appraisals obtained by the Special Servicer (the cost of which shall be advanced by the
Master Servicer as a Property Advance (or, if such Property Advance would be a Nonrecoverable Advance, paid by the Master Servicer out
of the Collection Account as an expense of the Trust Fund)) or (2) an internal valuation performed by the Special Servicer with respect
to any Serviced Mortgage Loan (considering any Cross-Collateralized Group as a single Mortgage Loan) or Serviced Whole Loan with an
outstanding principal balance of less than $2,000,000 (provided that the Special Servicer may, in its sole discretion in accordance with
the Servicing Standard, obtain Appraisal(s) with respect to such Serviced Mortgage Loan or Serviced Whole Loan as contemplated by the
preceding clause (1)), minus, with respect to any Appraisal, such downward adjustments as the Special Servicer may make in accordance
with the Servicing Standard (without implying any obligation to do so) based upon the Special Servicer’s review of the Appraisal
and such other information as the Special Servicer may deem appropriate and (B) all escrows, letters of credit and reserves in respect
of such Serviced Mortgage Loan (or Serviced Whole Loan) as of the date of the calculation over (ii) the sum, as of the Due Date occurring
in the month of the date of determination, of (A) to the extent not previously advanced by the Master Servicer or the Trustee, all
unpaid interest on such Serviced Mortgage Loan (or Serviced Whole Loan) at a per annum rate equal to its Mortgage Rate (and with
respect to a Serviced Whole Loan, interest on the related Serviced Companion Loan(s) at the related Mortgage Rate), (B) all unreimbursed
Advances (which shall include, without limitation, (1) any Advances as to which the advancing party was reimbursed from a source
other than the related Mortgagor and (2) any Unliquidated Advances), with interest thereon at the Advance Rate in respect of such
Serviced Mortgage Loan (or Serviced Whole Loan) and (C) all currently due and unpaid real estate taxes and assessments, insurance
premiums and ground rents, unpaid Special Servicing Fees and all other amounts, due and unpaid with respect to such Serviced Mortgage
Loan (or Serviced Whole Loan) (which taxes, premiums, ground rents and other amounts have not been the subject of an Advance by the Master
Servicer, the Special Servicer or the Trustee, as applicable, and/or for which funds have not been escrowed). Promptly upon knowledge
of the occurrence of an Appraisal Reduction Event (or a longer period so long as the Special Servicer is (as certified thereby to the
Trustee in writing) diligently and in good faith proceeding to obtain such), if an Appraisal has not been obtained within the immediately
preceding nine (9) months (or if the Special Servicer has determined in accordance with the Servicing Standard such Appraisal to
be materially inaccurate), the Special Servicer shall use reasonable efforts to obtain an Appraisal, the

    	 	- 16 -	 

     

    

costs of which shall be paid by the Master
Servicer as a Property Advance (or as an expense of the Trust Fund and paid by the Master Servicer out of the Collection Account if such
Property Advance would be a Nonrecoverable Advance), or conduct an internal valuation, as applicable, in accordance with Section 3.10(a)
of this Agreement. The Master Servicer shall provide (via electronic delivery) the Special Servicer with information in its possession
that is reasonably required to calculate or recalculate any Appraisal Reduction Amount pursuant to this definition using reasonable efforts
to deliver such information within four (4) Business Days of the Special Servicer’s reasonable written request. None of the Master
Servicer, the Trustee or the Certificate Administrator shall calculate or verify Appraisal Reduction Amounts. On the first Determination
Date that is at least five (5) Business Days following the receipt of such Appraisal or the conducting of an internal valuation, the Special
Servicer in consultation with the Controlling Class Representative or applicable Loan-Specific Controlling Class Representative (in each
case, for so long as such party is the applicable Directing Holder or a Consulting Party) shall calculate or adjust, as applicable, the
Appraisal Reduction Amount to take into account such Appraisal or internal valuation, as applicable, and such information, if any, reasonably
requested by the Special Servicer from the Master Servicer reasonably required to calculate or recalculate the Appraisal Reduction Amount.
Notwithstanding the foregoing, if an Appraisal is required to be obtained in accordance with Section 3.10(a) of this Agreement
but is not obtained and, if permitted, an internal valuation has not been conducted, within 120 days following the events described
in the applicable clause of the definition “Appraisal Reduction Event” (without regard to the time periods stated therein),
then, until such Appraisal is obtained or, if permitted, such internal valuation is conducted and solely for purposes of determining the
amounts of P&I Advances, the Appraisal Reduction Amount for or allocable to the related Serviced Mortgage Loan (or, in the case of
any Trust Subordinate Companion Whole Loan, for such Whole Loan) will equal 25% of the then current Stated Principal Balance of such related
Serviced Mortgage Loan (or, in the case of any Trust Subordinate Companion Whole Loan, 25% of the then current Stated Principal Balance
of such Whole Loan, subject to allocation in accordance with the second following paragraph); provided that, upon receipt of an
Appraisal, or, if permitted, completion of an internal valuation however, the Appraisal Reduction Amount for such Serviced Mortgage Loan
(or Serviced Whole Loan) will be recalculated in accordance with this definition without regard to this sentence. With respect to each
Serviced Loan as to which an Appraisal Reduction Event has occurred (unless the Serviced Loan has become a Corrected Loan (if a Servicing
Transfer Event had occurred with respect to the related Serviced Loan) and has remained current for three consecutive Monthly Payments,
and with respect to which no other Appraisal Reduction Event has occurred during the preceding three months), the Special Servicer shall,
within 30 days of each anniversary of such Appraisal Reduction Event, order an Appraisal (which may be an update of the prior Appraisal)
(the cost of which will be covered by, and reimbursable as, a Property Advance by the Master Servicer or as an expense of the Trust Fund
and paid by the Master Servicer out of the Collection Account if such Property Advance would be a Nonrecoverable Advance) or, if applicable,
conduct an internal valuation, provided, however, no new or updated Appraisal or internal valuation will be required if
the Serviced Loan or REO Property is under contract to be sold within 90 days of such Appraisal Reduction Event or anniversary thereof
and the Special Servicer reasonably believes such sale is likely to close. Based upon such Appraisal or letter updates thereto, or, if
applicable, an internal valuation, the Special Servicer shall determine and report to the Master Servicer and the Certificate Administrator
the Appraisal Reduction Amount, if any, with respect to such Serviced Mortgage Loan (or Serviced Whole Loan), and each of those parties
shall be entitled to rely conclusively on

    	 	- 17 -	 

     

    

such determination by the Special Servicer.
The Special Servicer shall deliver a copy of any such Appraisal or internal valuation to the Master Servicer and the Certificate Administrator,
which shall be in electronic format. Each Appraisal Reduction Amount shall also be adjusted with respect to the next Distribution Date
to take into account any subsequent Appraisal and annual letter updates or, if applicable, any subsequent internal valuation, as of the
date of each such subsequent Appraisal or letter update or, if applicable, internal valuation.

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

Appraisal Reduction Amounts
with respect to each Serviced Whole Loan shall be allocated, first, to any related Serviced Subordinate Companion Loan(s) (up to
the outstanding principal balance(s) thereof), and then, to the related Serviced Mortgage Loan and any related Serviced Pari Passu
Companion Loan(s) on a pro rata and pari passu basis in accordance with the respective outstanding principal balances of such Serviced
Mortgage Loan and the related Serviced Pari Passu Companion Loan(s). Notwithstanding the foregoing, if so provided in the related Co-Lender
Agreement, the holder of a Serviced Subordinate Companion Loan may be permitted to post cash or a letter of credit to offset all or some
portion of an Appraisal Reduction Amount.

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

“Appraisal Reduction
Event”: With respect to any Serviced Loan, the earliest of (i) the date on which such Serviced Loan becomes a Modified
Asset, (ii) the date on which such Serviced Loan is 60 days or more delinquent in respect of any Monthly Payment, which does
not include a Balloon Payment, (iii) solely in the case of a delinquent Balloon Payment, (A) the date occurring 30 days
after the date on which such Balloon Payment was due (except as described in the immediately following clause (B)) or (B) if
the related Mortgagor has delivered to the Master Servicer (who shall promptly deliver a copy thereof to the Special Servicer) or the
Special Servicer (who shall promptly deliver a copy thereof to the Master Servicer) a signed purchase agreement or a refinancing commitment
acceptable to the Special Servicer prior to the date 30 days after the Balloon Payment was due, the date occurring 120 days
after the date on which the Balloon

    	 	- 18 -	 

     

    

Payment was due (or such shorter period beyond
the date on which that Balloon Payment was due during which the refinancing is scheduled to occur), (iv) the date on which the related
Mortgaged Property has become an REO Property, (v) a receiver or similar official is appointed and continues for 60 days in
such capacity in respect of the related Mortgaged Property, (vi) 60 days after the related Mortgagor is subject to a bankruptcy,
insolvency or similar proceedings, which, in the case of an involuntary bankruptcy, insolvency or similar proceeding, is not dismissed
within those 60 days, or (vii) the date on which such Serviced Loan remains outstanding five (5) years following any extension
of its maturity date pursuant to Section 3.24 of this Agreement. Notwithstanding the foregoing, for purposes of the clauses
(i) and (ii) in the immediately preceding sentence of this definition, neither (i) a Payment Accommodation with respect to
any Serviced Loan nor (ii) any default or delinquency that would have existed but for such Payment Accommodation shall constitute an Appraisal
Reduction Event, for so long as the related borrower is complying with the terms of such Payment Accommodation. For the avoidance of doubt,
in the event a borrower fails to comply with the terms of a Payment Accommodation (as determined by the Special Servicer in accordance
with the Servicing Standard), a determination as to whether any applicable event specified in the preceding sentence constitutes an Appraisal
Reduction Event shall be made as though the Payment Accommodation never occurred; provided, however, if, pursuant to this sentence,
an Appraisal Reduction Event is determined to occur prior to the date of such borrower’s failure to comply with the terms of the
related Payment Accommodation, then such Appraisal Reduction Event will be deemed to occur on the date of such borrower’s failure
to comply. If an Appraisal Reduction Event occurs with respect to any Serviced Mortgage Loan that is part of a Serviced Whole Loan, then
an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Companion Loan(s). If an Appraisal
Reduction Event occurs with respect to any Serviced Companion Loan that is part of a Serviced Whole Loan, then an Appraisal Reduction
Event shall be deemed to have occurred with respect to the related Serviced Mortgage Loan and any other Serviced Companion Loan(s) included
as part of that Serviced Whole Loan. No Appraisal Reduction Event may occur at any time when the aggregate Certificate Balance of all
Classes of Non-Vertically Retained Principal Balance Certificates (other than the Class A-1, Class A-2, Class A-4, Class A-5
and Class A-SB Certificates) and, solely in the case of any Trust Subordinate Companion Whole Loan, in addition to the aggregate
Certificate Balance of all related Classes of Loan-Specific Certificates, has been reduced to zero. The Special Servicer shall notify
the Master Servicer and the Master Servicer shall notify the Special Servicer, as applicable, promptly upon the occurrence of any of the
foregoing events.

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

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

    	 	- 19 -	 

     

    

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

“Arbitration Rules”:
As defined in Section 2.03(i)(i).

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

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

“Asset Representations
Reviewer”: Park Bridge Lender Services LLC, a New York limited liability company, or its successor-in-interest, or any
successor Asset Representations Reviewer as herein provided.

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

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

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

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

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

“Asset Review Notice”:
As defined in Section 11.01(a).

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

“Asset Review Report”:
As defined in Section 11.01(b)(vii)(C).

“Asset Review Report
Summary”: As defined in Section 11.01(b)(vii)(C).

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

    	 	- 20 -	 

     

    

“Asset Review Trigger”:
Any time when, as of the end of the applicable Collection Period, either (1) Mortgage Loans with an aggregate outstanding principal
balance of 30% or more of the aggregate outstanding principal balance of all of the Mortgage Loans (including any REO Mortgage Loans)
held by the Trust are Delinquent Loans, or (2) at least 15 Mortgage Loans are Delinquent Loans and the aggregate outstanding
principal balance of such Delinquent Loans constitutes at least 20.0% of the aggregate outstanding principal balance of all of the Mortgage
Loans (including any REO Mortgage Loans) held by the Trust.

“Asset Review Vote
Election”: As defined in Section 11.01(a).

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

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

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

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

“Available Funds”:
For any Distribution Date, (i) with respect to distributions to be made on the Certificates and the Uncertificated VRR Interest, the Aggregate
Available Funds, (ii) with respect to distributions to be made on the Non-Vertically Retained Certificates (other than the Class S Certificates),
the Non-Vertically Retained Available Funds, (iii) with respect to distributions to be made on the Combined VRR Interest and the Class
R Certificates, the Combined VRR Available Funds and (iv) with respect to distributions to be made on the Loan-Specific Certificates,
the related Trust Subordinate Companion Loan Available Funds.

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

    	 	- 21 -	 

     

    

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

“Base Interest Fraction”:
With respect to any Principal Prepayment on any Mortgage Loan and with respect to any Class of the Class A-1, Class A-2,
Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates,
a fraction (a) whose numerator is the amount, if any, by which (i) the Pass-Through Rate on such Class of Certificates
exceeds (ii) the discount rate used in accordance with the related Loan Documents in calculating the Yield Maintenance Charge with
respect to such Principal Prepayment (or, if the Yield Maintenance Charge is a fixed percentage of the principal balance of the related
Mortgage Loan, the yield rate applicable to any related yield maintenance charge or that is otherwise described in the related Loan Documents)
and (b) whose denominator is the amount, if any, by which (i) the Mortgage Rate on such Mortgage Loan exceeds (ii) the
discount rate used in accordance with the related Loan Documents in calculating the Yield Maintenance Charge with respect to such Principal
Prepayment (or, if the Yield Maintenance Charge is a fixed percentage of the principal balance of the related Mortgage Loan, the yield
rate applicable to any related yield maintenance charge or that is otherwise described in the related Loan Documents); provided,
however, that under no circumstances shall the Base Interest Fraction be greater than one. If the discount rate referred to in
the preceding sentence is greater than or equal to both of (x) the Mortgage Rate on the related Mortgage Loan and (y) the Pass-Through
Rate described in the preceding sentence, then the Base Interest Fraction shall equal zero, and if such discount rate is greater than
or equal to the Mortgage Rate on such Mortgage Loan, but less than the Pass-Through Rate described in the preceding sentence, then
the Base Interest Fraction shall equal one.

“BBCMS 2022-C15
PSA”: The Pooling and Servicing Agreement, dated as of April 1, 2022, between Barclays Commercial Mortgage Securities LLC, as
depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as special
servicer, Computershare Trust Company, National Association, as certificate administrator, Wilmington Trust, National Association, as
trustee, and Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer, as the same may be amended from time
to time in accordance with the terms thereof, pursuant to which the BBCMS 2022-C15 Mortgage Trust, Commercial Mortgage Pass Through Certificates,
Series 2022-C15 were issued.

“Bell Works Mortgage
Loan”: The Mortgage Loan secured by the Mortgaged Property identified on the Mortgage Loan Schedule as Bell Works.

“BMARK 2022-B32
PSA”: The Pooling and Servicing Agreement, dated as of February 1, 2022, between J.P. Morgan Chase Commercial Mortgage Securities
Corp., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, KeyBank National Association,
as special servicer, Computershare Trust Company, National Association, as certificate administrator, Wilmington Trust, National Association,
as trustee, and Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer, as the same may be amended from
time to time in accordance with the terms thereof, pursuant to which the Benchmark 2022-B32 Mortgage Trust, Commercial Mortgage Pass Through
Certificates, Series 2022-B32 were issued.

    	 	- 22 -	 

     

    

“BMARK 2022-B35
PSA”: The Pooling and Servicing Agreement, dated as of May 1, 2022, between Citigroup Commercial Mortgage Securities Inc., as
depositor, KeyBank National Association, as master servicer and special servicer, Park Bridge Lender Services LLC, as operating advisor
and asset representations reviewer, Computershare Trust Company, National Association, as certificate administrator, and Wilmington Trust,
National Association, as trustee, as the same may be amended from time to time in accordance with the terms thereof, pursuant to which
the Benchmark 2022-B35 Mortgage Trust, Commercial Mortgage Pass Through Certificates, Series 2022-B35 were issued.

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

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

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

“BMO”:
Bank of Montreal, a Canadian chartered bank, and its successors in interest.

“BMO 2022-C1 PSA”:
The Pooling and Servicing Agreement, dated as of February 1, 2022, among BMO Commercial Mortgage Securities LLC, as depositor, KeyBank
National Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Situs Holdings, LLC, as a special servicer,
solely with respect to the 360 Rosemary loan combination, KeyBank National Association, as a Special Servicer solely with respect to the
111 River Street loan combination, Park Bridge Lender Services LLC, as Operating Advisor and as asset representations reviewer, Computershare
Trust Company, National Association, as certificate administrator, and Wilmington Trust, National Association, as trustee, as the same
may be amended from time to time in accordance with the terms thereof, pursuant to which the BMO 2022-C1 Mortgage Trust, Commercial Mortgage
Pass Through Certificates, Series 2022-C1 were issued.

“BMO Bell Works
Note”: With respect to the Bell Works Mortgage Loan, that certain promissory note A-4 with an outstanding principal balance
as of the Cut-off Date of $20,000,000, made by the related Mortgagor in favor of BMO, as the same may hereafter be amended, restated,
replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise modified

“BMO Co-sponsored
Mortgage Loan”: The Yorkshire & Lexington Towers Mortgage Loan and the Bell Works Mortgage Loan, as applicable, as the context
requires.

“BMO Co-sponsored
Note”: The BMO Yorkshire & Lexington Towers Note, the BMO Yorkshire & Lexington Towers Subordinate Note or the BMO Bell
Works Note, as applicable, as the context requires.

    	 	- 23 -	 

     

    

“BMO Co-sponsored
Trust Subordinate Companion Loan”: The Yorkshire & Lexington Towers Trust Subordinate Companion Loan.

“BMO Mortgage Loan
Purchase Agreement”: The mortgage loan purchase agreement, dated as of June 1, 2022, by and between BMO and the Depositor.

“BMO Mortgage Loans”:
The Mortgage Loans (or portions thereof) transferred by BMO to the Depositor and/or the Trust pursuant to the BMO Mortgage Loan Purchase
Agreement and this Agreement.

“BMO-SMC-CREFI Co-sponsored
Mortgage Loan”: The Yorkshire & Lexington Towers Mortgage Loan.

“BMO Yorkshire &
Lexington Towers Note”: With respect to the Yorkshire & Lexington Towers Mortgage Loan, that certain promissory note A-4
with an outstanding principal balance as of the Cut-off Date of $20,000,000, made by the related Mortgagor in favor of BMO, as the same
may hereafter be amended, restated, replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise modified.

“BMO Yorkshire &
Lexington Towers Subordinate Note”: With respect to the Yorkshire & Lexington Towers Trust Subordinate Companion Loan, that
certain promissory note B-1 with an outstanding principal balance as of the Cut-off Date of $147,666,667, made by the related Mortgagor
in favor of BMO, as the same may hereafter be amended, restated, replaced, extended, renewed, supplemented, consolidated, severed, split
or otherwise modified.

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

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

“Certificate”:
Any Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B,
Class C, Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR, Class
S or Class R Certificate, in any event issued, authenticated and delivered hereunder.

    	 	- 24 -	 

     

    

“Certificate Administrator”:
Computershare Trust Company, National Association, a national banking association, or its successor in interest, or any successor Certificate
Administrator appointed as herein provided.

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

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

“Certificate Administrator’s
Website”: The internet website of the Certificate Administrator, initially located at www.ctslink.com.

“Certificate Balance”:
(i) With respect to any Class of Principal Balance Certificates or the Class VRR Upper-Tier Regular Interest outstanding
at any time, (a) as of any date of determination on or prior to the first Distribution Date, an amount equal to the aggregate initial
Certificate Balance of such Class of Principal Balance Certificates or the Class VRR Upper-Tier Regular Interest, as specified
in the Preliminary Statement hereto, and (b) as of any date of determination after the first Distribution Date, an amount equal to
the Certificate Balance of such Class of Principal Balance Certificates or the Class VRR Upper-Tier Regular Interest on
the Distribution Date immediately prior to such date of determination, after any actual (or, in the case of the Class VRR Upper-Tier
Regular Interest, deemed) distributions of principal thereon and allocations of applicable Realized Losses thereto on such prior Distribution
Date, and after any increases to such Certificate Balance on such prior Distribution Date (as and to the extent provided in Section 4.01(g)
of this Agreement) in connection with recoveries of Nonrecoverable Advances previously reimbursed out of collections of principal on the
Mortgage Loans.

(ii)       With
respect to any Class of Loan-Specific Certificates outstanding at any time, (a) as of any date of determination on or prior
to the first Distribution Date, an amount equal to the aggregate initial Certificate Balance of such Class of Loan-Specific Certificates,
as specified in the Preliminary Statement hereto, and (b) as of any date of determination after the first Distribution Date, an amount
equal to the Certificate Balance of such Class of Loan-Specific Certificates on the Distribution Date immediately prior to such date
of determination, after any actual distributions of principal thereon and allocations of applicable Realized Losses thereto on such prior
Distribution Date, and after any increases to such Certificate Balance on such prior Distribution Date (as and to the extent provided
in Section 4.01(g) of this Agreement) in connection with recoveries of Nonrecoverable Advances previously reimbursed out of
collections of principal on the Trust Subordinate Companion Loan.

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

    	 	- 25 -	 

     

    

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

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

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

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

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

(c)       if
the Master Servicer, the Special Servicer or an Affiliate of the Master Servicer or the Special Servicer is a member of the Controlling
Class, it shall be permitted

    	 	- 26 -	 

     

    

to act in such capacity and exercise
all rights under this Agreement bestowed upon the Controlling Class (other than, with respect to any Excluded Controlling Class Mortgage
Loan with respect to which such party is an Excluded Controlling Class Holder, as described in the proviso in parenthesis in clause (b)
above).

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

“Certificateholder
Quorum”: A quorum that

(1)       with
respect to the Certificates and any related Loan-Specific Certificates, for purposes of a vote to terminate and replace the Special
Servicer for a Trust Subordinate Companion Whole Loan at the request of the Holders of Regular Certificates and/or Loan-Specific Certificates
evidencing not less than 25% of the Voting Rights allocable to the Regular Certificates and Loan-Specific Certificates (without regard
to the application of any Appraisal Reduction Amounts) pursuant to Section 6.08(a)(iii) of this Agreement, consists of the
Holders of Certificates and/or Loan-Specific Certificates evidencing at least 50% of the Voting Rights (taking into account the allocation
of any Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the respective Classes of applicable Principal Balance
Certificates and related Loan-Specific Certificates) of all of the Regular Certificates and the related Loan-Specific Certificates,
on an aggregate basis;

(2)       with
respect to the Certificates, (a) for purposes of a vote to terminate and replace the Special Servicer or the Asset Representations Reviewer
at the request of the Holders of Regular Certificates evidencing not less than 25% of the Voting Rights (without regard to the application
of any Appraisal Reduction Amounts) pursuant to Section 6.08(a)(ii) or Section 11.05(b), as applicable, of this
Agreement, consists of the Holders of Regular Certificates evidencing at least 50% of the Pooled Voting Rights (taking into account the
allocation of any Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the respective Classes of Principal Balance
Certificates) of all of the Regular Certificates, on an aggregate basis; and (b) for purposes of a vote to terminate and replace the Special
Servicer (other than with respect to any Trust Subordinate Companion Whole Loan) based on a recommendation of the Operating Advisor pursuant
to Section 6.08(b)(i) of this Agreement, consists of the Holders and/or beneficial owners of Principal Balance Certificates evidencing
at least 20% of the Pooled Voting Rights (taking into account the application of Appraisal Reduction Amounts to notionally reduce Certificate
Balances) of all Principal Balance Certificates on an aggregate basis;

(3)       with
respect to the Certificates and any related Loan-Specific Certificates, for purposes of a vote to terminate and replace the Special
Servicer with respect to a Trust Subordinate Companion Whole Loan based on a recommendation of the Operating Advisor pursuant to Section 6.08(b)(ii)
of this Agreement, consists of the Holders of Certificates and/or Loan-Specific Certificates evidencing at least 20% of the Voting
Rights (taking into account the application of Appraisal Reduction Amounts to notionally reduce Certificate Balances) of all Principal
Balance Certificates and Loan-Specific Principal Balance Certificates on an aggregate basis; and

    	 	- 27 -	 

     

    

(4)       with
respect to the Yorkshire & Lexington Towers Whole Loan and the related Loan-Specific Certificates, for purposes of a vote to terminate
and replace the Special Servicer based on a recommendation of the Operating Advisor pursuant to Section 6.08(b)(iii) of this
Agreement, consists of the holders of related Loan-Specific Certificates evidencing at least 20% of the aggregate of the outstanding principal
balances of all such Loan-Specific Certificates, with such quorum including at least three (3) holders or beneficial owners of such Loan-Specific
Certificates that are not Risk Retention Affiliated with each other.

“Certificateholder
Repurchase Request”: As defined in Section 2.03(f) of this Agreement.

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

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

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

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

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

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

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

“Class A-1
Pass-Through Rate”: For any Distribution Date, a per annum rate equal to 4.10700%.

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

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

“Class A-2
Pass-Through Rate”: For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date
minus 0.21000%.

“Class A-4 Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-3 hereto.

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

    	 	- 28 -	 

     

    

“Class A-4 Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to the lesser of (a) 4.47900% and (b) the WAC Rate for such
Distribution Date.

“Class A-5
Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-4 hereto.

“Class A-5
Component”: The Component having such designation.

“Class A-5
Pass-Through Rate”: For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date
minus 0.29500%.

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

“Class A-SB
Component”: The Component having such designation.

“Class A-SB
Pass-Through Rate”: For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date
minus 0.23000%.

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

“Class A-S
Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-7 hereto.

“Class A-S
Pass-Through Rate”: For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date.

“Class B Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-8 hereto.

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

“Class C Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-9 hereto.

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

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

    	 	- 29 -	 

     

    

“Class D Component”:
The Component having such designation.

“Class D Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to 2.50000%.

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

“Class E Component”:
The Component having such designation.

“Class E Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to 2.50000%.

“Class F Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-16 hereto.

“Class F Component”:
The Component having such designation.

“Class F Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date minus 1.35000%.

“Class G Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-17 hereto.

“Class G Component”:
The Component having such designation.

“Class G Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date minus 1.35000%.

“Class H Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-18 hereto.

“Class H Component”:
The Component having such designation.

“Class H Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to the WAC Rate for such Distribution Date minus 1.35000%.

“Class R Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-19 hereto. The Class R Certificates have no Pass-Through Rate, Certificate Balance
or Notional Amount.

“Class S Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in

    	 	- 30 -	 

     

    

Exhibit A-20 hereto and evidencing
an undivided beneficial interest in the Class S Specific Grantor Trust Assets. The Class S Certificates have no Pass-Through
Rate, Certificate Balance or Notional Amount.

“Class S Specific
Grantor Trust Assets”: The portion of the Trust Fund consisting of the Non-Vertically Retained Percentage of any Excess
Interest collected on the ARD Mortgage Loans and the Non-Vertically Retained Percentage of amounts held from time to time in the Excess
Interest Distribution Account.

“Class VRR
Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-21 hereto. The Class VRR Certificates evidence beneficial ownership
of a portion of the Class VRR Specific Grantor Trust Assets. For tax reporting purposes, the Class VRR Certificates will accrue interest
at the WAC Rate in effect from time to time.

“Class VRR
Upper-Tier Regular Interest”: A class of “regular interests”, within the meaning of Code Section 860G(a)(1),
in the Upper-Tier REMIC, with the designation “Class VRR”. The beneficial interest in the Class VRR Upper-Tier Regular
Interest is evidenced or constituted, as applicable, by the Combined VRR Interest and the Class VRR Upper-Tier Regular Interest will have
a Certificate Balance equal to the Combined VRR Interest Balance from time to time. For tax reporting purposes, the Class VRR Upper-Tier
Regular Interest and the Combined VRR Interest (insofar as it represents or constitutes, as applicable, undivided beneficial interests
in the Class VRR Upper-Tier Regular Interest) will accrue interest at the WAC Rate in effect from time to time.

“Class X Certificates”:
The Class X-A Certificates, the Class X-D Certificates, the Class X-F Certificates, the Class X-G Certificates and/or the Class X-H
Certificates, as the context requires.

“Class X Strip
Rate”: With respect to each Component for any Distribution Date, a rate per annum equal to: (a) in the case of each of
the Class X-A Components and the Class X-D Components, (i) the WAC Rate for such Distribution Date, minus (ii) the Pass-Through
Rate for the Corresponding Certificates; (b) in the case of each of the Class X-F Component, the Class X-G Component and the Class X-H
Component, 1.35000%.

“Class X-A
Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-6 hereto.

“Class X-A
Components”: The Class A-1 Component, Class A-2 Component, Class A-4 Component, Class A-5 Component
and Class A-SB Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code
Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time
and a notional amount equal to its Component Notional Amount from time to time.

“Class X-A
Notional Amount”: With respect to the Class X-A Certificates as of any date of determination, the sum of the Component
Notional Amounts of the Class X-A Components.

    	 	- 31 -	 

     

    

“Class X-A
Pass-Through Rate”: For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-A
Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding
immediately prior to such Distribution Date).

“Class X-D
Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-10 hereto.

“Class X-D
Components”: The Class D Component and Class E Component, each of which constitutes a separate class of “regular
interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to
its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.

“Class X-D
Notional Amount”: With respect to the Class X-D Certificates as of any date of determination, the sum of the Component
Notional Amounts of the Class X-D Components.

“Class X-D
Pass-Through Rate”: For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-D
Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding
immediately prior to such Distribution Date).

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

“Class X-F
Component”: The Class F Component, which constitutes a separate class of “regular interests”, within the meaning
of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time
to time and a notional amount equal to its Component Notional Amount from time to time.

“Class X-F
Notional Amount”: With respect to the Class X-F Certificates as of any date of determination, the Component Notional
Amount of the Class X-F Component.

“Class X-F
Pass-Through Rate”: For any Distribution Date, the Class X Strip Rate for the Class X-F Component for such
Distribution Date.

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

“Class X-G
Component”: The Class G Component, which constitutes a separate class of “regular interests”, within the meaning
of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time
to time and a notional amount equal to its Component Notional Amount from time to time.

    	 	- 32 -	 

     

    

“Class X-G
Notional Amount”: With respect to the Class X-G Certificates as of any date of determination, the Component Notional
Amount of the Class X-G Component.

“Class X-G
Pass-Through Rate”: For any Distribution Date, the Class X Strip Rate for the Class X-G Component for such
Distribution Date.

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

“Class X-H
Component”: The Class H Component, which constitutes a separate class of “regular interests”, within the meaning
of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time
to time and a notional amount equal to its Component Notional Amount from time to time.

“Class X-H
Notional Amount”: With respect to the Class X-H Certificates as of any date of determination, the Component Notional
Amount of the Class X-H Component.

“Class X-H
Pass-Through Rate”: For any Distribution Date the Class X Strip Rate for the Class X-H Component for such
Distribution Date.

“Class YL-A Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-22 hereto.

“Class YL-A Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to the Net Mortgage Pass-Through Rate on the Trust Subordinate
Companion Loan for such Distribution Date.

“Class YL-B Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-23 hereto.

“Class YL-B Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to the Net Mortgage Pass-Through Rate on the Trust Subordinate
Companion Loan for such Distribution Date.

“Class YL-C Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-24 hereto.

“Class YL-C Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to the Net Mortgage Pass-Through Rate on the Trust Subordinate
Companion Loan for such Distribution Date.

“Class YL-D Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-25 hereto.

    	 	- 33 -	 

     

    

“Class YL-D Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to the Net Mortgage Pass-Through Rate on the Trust Subordinate
Companion Loan for such Distribution Date.

“Class YLRR Certificate”:
Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the
form set forth in Exhibit A-26 hereto.

“Class YLRR Pass-Through
Rate”: For any Distribution Date, a per annum rate equal to the Net Mortgage Pass-Through Rate on the Trust Subordinate
Companion Loan for such Distribution Date.

 

 

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

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

“Closing Date”:
June 21, 2022.

“CMBS”:
Commercial mortgage-backed securities.

“Co-Lender Agreement”:
With respect to any Whole Loan, the co-lender agreement, intercreditor agreement, agreement among noteholders or similar agreement,
dated as of the date set forth in the Whole Loan Table under the column heading “Date of Co-Lender Agreement” and governing
the relative rights of the holders of the related Mortgage Loan and Companion Loan(s), as the same may be amended, restated or otherwise
modified from time to time in accordance with the terms thereof. A Co-Lender Agreement exists with respect to each Whole Loan as of
the Closing Date.

“Co-sponsored Mortgage
Loan”: The Yorkshire & Lexington Towers Mortgage Loan and the Bell Works Mortgage Loan, as applicable, as the context requires.

“Co-sponsored Trust
Subordinate Companion Loan”: The Yorkshire & Lexington Towers Trust Subordinate Companion Loan.

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

“Collateral Deficiency
Amount”: With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance
of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of
a Whole Loan, solely to the extent allocable to the subject Trust Loan) (x) the most recent

    	 	- 34 -	 

     

    

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

“Collection Account”:
The account or accounts created and maintained by the Master Servicer pursuant to Section 3.05(a) of this Agreement, which
(subject to any changes in the identities of the Master Servicer and/or the Trustee) shall be entitled “Midland Loan Services, a
Division of PNC Bank, National Association, as Master Servicer on behalf of Wilmington Trust, National Association, as Trustee, for the
benefit of the registered holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates,
Series 2022-GC48, and the Uncertificated VRR Interest Owner, Collection Account” and which must be an Eligible Account.

“Collection Period”:
With respect any Distribution Date, the period beginning on the day immediately following the Determination Date occurring in the month
preceding the month in which that Distribution Date occurs (or, in the case of the Collection Period for the initial Distribution Date,
with respect to any particular Mortgage Loan or Companion Loan, beginning on the day immediately following the Due Date for such Mortgage
Loan or Companion Loan in the month preceding the month in which that Distribution Date occurs (or the date that would have been the Due
Date if such Mortgage Loan or Companion Loan had a Due Date in such preceding month)) and ending on and including the Determination Date
occurring in the month in which that Distribution Date occurs.

“Combined VRR Available
Funds”: With respect to any Distribution Date, an amount equal to the product of the Aggregate Available Funds for such Distribution
Date multiplied by the Vertically Retained Percentage.

“Combined VRR Interest”:
The Class VRR Certificates and the Uncertificated VRR Interest, collectively. The Combined VRR Interest represents undivided beneficial
interests in the VRR Specific Grantor Trust Assets.

“Combined VRR Interest
Balance”: The Certificate Balance of the Class VRR Certificates and the Uncertificated VRR Interest Balance, together.

“Combined VRR Interest
Owner”: Any Holder of a Class VRR Certificate or the Uncertificated VRR Interest Owner.

    	 	- 35 -	 

     

    

“Commission”:
The Securities and Exchange Commission.

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

“Companion Loan”:
With respect on any Whole Loan, as defined in the definition of “Whole Loan.” If, with respect to any Whole Loan, any promissory
note evidencing a related Companion Loan is split and replaced with 2 or more replacement promissory notes, each such related promissory
note will evidence a separate Companion Loan with respect to such Whole Loan. Each Companion Loan is either a Pari Passu Companion Loan
or a Subordinate Companion Loan. In the case of a Companion Loan serviced under this Agreement, the term “Companion Loan”
shall include a REO Companion Loan.

“Companion Loan
Holder”: The holder of a Companion Loan (other than the Trust Subordinate Companion Loan held by the Trust).

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

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

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

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

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

“Component”:
With respect to the Class X-A Certificates, each of the Class A-1 Component, Class A-2 Component, Class A-4
Component, Class A-5 Component and Class A-SB Component; with respect to the Class X-D Certificates, each of the
Class D Component and Class E Component; with respect to the Class X-F Certificates, the Class F Component; with

    	 	- 36 -	 

     

    

respect to the Class X-G Certificates, the
Class G Component; and with respect to the Class X-H Certificates, the Class H Component.

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

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

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

“Consultation Election
Notice”: As defined in Section 2.03(g).

“Consultation Requesting
Certificateholder”: Any Certificateholder or Certificate Owner of a Pooled Certificate that timely delivers a Consultation Election
Notice.

“Consultation Termination
Event”: The event that either (a) will occur when none of the Classes of Control Eligible Certificates has a Certificate Balance,
without regard to the allocation of any Cumulative Appraisal Reduction Amount, that is equal to or greater than 25% of the initial Certificate
Balance of that Class of Certificates or (b) is deemed to occur in accordance with the next sentence; provided, however,
that a Consultation Termination Event shall in no event exist at any time that the Certificate Balance of each Class of Non-Vertically
Retained Principal Balance Certificates senior to the Control Eligible Certificates has been reduced to zero (without regard to the allocation
of Cumulative Appraisal Reduction Amounts); provided, further, that with respect to any Trust Subordinate Companion Whole Loan,
the foregoing will only apply if a Control Appraisal Period exists or is deemed to exist with respect to such Whole Loan. With respect
to Excluded Mortgage Loans as to which the Controlling Class Representative would otherwise be a Consulting Party, a Consultation
Termination Event shall be deemed to exist.

“Consulting Party”:
With respect to any Serviced Mortgage Loan or, if applicable, Serviced Whole Loan, will be each of:

(i)       except
with respect to a Serviced Outside Controlled Whole Loan, solely (a) after the occurrence and during the continuance of a Control
Termination Event, but prior to the occurrence and continuance of a Consultation Termination Event, (b) for so long as the related
Mortgage Loan is not an Excluded Mortgage Loan, and (c) in the case of a Trust Subordinate Companion Whole Loan, provided that an
applicable Control

    	 	- 37 -	 

     

    

Appraisal Period exists with respect
to such Whole Loan, the Controlling Class Representative;

(ii)       with
respect to any Serviced Outside Controlled Whole Loan (which may include a Servicing Shift Whole Loan or a Serviced Whole Loan with a
Controlling Subordinate Companion Loan held outside the Trust), solely (a) if and for so long as the holder of the Mortgage Loan
included in this securitization transaction is entitled under the related Co-Lender Agreement to exercise consultation rights with
respect to such Whole Loan, (b) prior to the occurrence and continuance of a Consultation Termination Event, and (c) for so
long as the related Mortgage Loan is not an Excluded Mortgage Loan, the Controlling Class Representative;

(iii)       with
respect to any Serviced Whole Loan that includes a Pari Passu Companion Loan, the holder of such Pari Passu Companion Loan if and to the
extent such holder (a) is not the applicable Directing Holder, and (b) is entitled to exercise consultation rights under the
related Co-Lender Agreement;

(iv)       solely
after the occurrence and during the continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion
Loan Securitization, a related Operating Advisor Consultation Trigger Event), the Operating Advisor;

(v)       with
respect to the Yorkshire & Lexington Towers Whole Loan, solely (a) after the occurrence and during the continuance of a Yorkshire
& Lexington Towers Control Termination Event, but prior to the occurrence and continuance of a Yorkshire & Lexington Towers Consultation
Termination Event, and (b) provided that no Yorkshire & Lexington Towers Control Appraisal Period exists or is deemed to exist with
respect to the Yorkshire & Lexington Towers Whole Loan, the Loan-Specific Controlling Class Representative; and

(vi)       except
with respect to any Excluded RRCP Mortgage Loan, (a) for so long as no Consultation Termination Event is continuing, with respect
to any Specially Serviced Loan, and (b) during the continuance of a Consultation Termination Event, with respect to any Mortgage
Loan, each Risk Retention Consultation Party;

provided, that with respect to any Serviced
Whole Loan, the rights of any Consulting Party set forth in clauses (i) through (iii) above will be subject to and may
be limited by the terms and provisions of any related Co-Lender Agreement.

For the avoidance of doubt,
(A) the Controlling Class Representative shall not be a Consulting Party if and for so long as (1) a Consultation Termination
Event is in effect, (2) the related Mortgage Loan is an Excluded Mortgage Loan, (3) with respect to any Serviced Outside Controlled
Whole Loan, it is not entitled under the related Co-Lender Agreement to exercise consultation rights with respect to such Whole Loan,
and/or (4) with respect to any Trust Subordinate Companion Loan, no related Control Appraisal Period exists or is deemed to exist with
respect to the Trust Subordinate Companion Whole Loan, (B) the Operating Advisor shall not be a Consulting Party if and for so long
as no Control Termination Event (or, in the case of an

    	 	- 38 -	 

     

    

EHRI Trust Subordinate Companion Loan Securitization,
a related Operating Advisor Consultation Trigger Event) has occurred and is continuing, (C) none of the Risk Retention Consultation Parties
shall be a Consulting Party with respect to any Mortgage Loan that is an Excluded RRCP Mortgage Loan with respect to such party, or with
respect to any Mortgage Loans other than as described in the immediately preceding clause (v), and (D) the consultation rights
of the holder of a Pari Passu Companion Loan with respect to any related Serviced Whole Loan shall be subject to the terms of the related
Co-Lender Agreement.

Further for the avoidance
of doubt, with respect to any Serviced Mortgage Loan or Serviced Whole Loan, if none of the Controlling Class Representative, any
Loan-Specific Controlling Class Representative, the Operating Advisor, a Risk Retention Consultation Party, or a holder of a Pari Passu
Companion Loan is a Consulting Party in accordance with the foregoing definition, then there will be no Consulting Party for that Serviced
Mortgage Loan or Serviced Whole Loan. If any Consulting Party has not been identified to the Master Servicer or the Special Servicer,
as applicable (and (I) if the applicable Consulting Party is the Controlling Class Representative or a Risk Retention Consultation Party,
the Master Servicer or the Special Servicer, as the case may be, has attempted to obtain such information from the Certificate Administrator
or (II) if the applicable Consulting Party is the holder of a Pari Passu Companion Loan, the Master Servicer or the Special Servicer,
as the case may be, has attempted to obtain such information in accordance with Section 3.28(g), and, in the case of either of
clause (I) or clause (II), no such entity has been identified to the Master Servicer or the Special Servicer, as applicable), then until
such time as such Consulting Party is identified to the Master Servicer or the Special Servicer, as applicable, the Master Servicer or
the Special Servicer, as applicable, shall have no duty to consult with such Consulting Party. For the avoidance of doubt, the initial
Controlling Class Representative is identified in the definition of “Controlling Class Representative”, the initial Loan-Specific
Controlling Class Representative” is identified in the definition of “Loan-Specific Controlling Class Representative”,
the initial Risk Retention Consultation Parties are identified in the definition of “Risk Retention Consultation Party”, and
the initial holder(s) of the Serviced Companion Loan(s) are identified on Exhibit NN hereto.

“Control Appraisal
Period”: With respect to: (1) the Yorkshire & Lexington Towers Whole Loan, the Yorkshire & Lexington Towers Control
Appraisal Period; and (2) any other AB Whole Loan, the “control appraisal period” (or analogous concept) under the related
Co-Lender Agreement.

“Control Eligible
Certificates”: Any of the Class F, Class G and Class H Certificates.

“Control Termination
Event”: The event that either (a) will occur when none of the Classes of the Control Eligible Certificates has a Certificate
Balance (as notionally reduced by any Cumulative Appraisal Reduction Amount then allocable to such Class in accordance with Section 3.10(a)
of this Agreement) that is at least equal to 25% of the initial Certificate Balance of that Class of Certificates or (b) is deemed
to occur as provided in the next sentence; provided, however, that a Control Termination Event shall in no event exist at any time
that the Certificate Balance of each Class of the Non-Vertically Retained Principal Balance Certificates senior to the Control Eligible
Certificates has been reduced to zero (without regard to the allocation of Cumulative Appraisal Reduction Amounts); and provided, further,
that with respect to any Trust

    	 	- 39 -	 

     

    

Subordinate Companion Whole Loan, the foregoing
will only apply if a Control Appraisal Period exists or is deemed to exist with respect to such Whole Loan. With respect to Excluded Mortgage
Loans as to which the Controlling Class Representative would otherwise be the Directing Holder, a Control Termination Event shall
be deemed to exist.

“Controlling Class”:
As of any time of determination, the most subordinate Class of Control Eligible Certificates then outstanding that has a Certificate
Balance (as notionally reduced by any portion of the Cumulative Appraisal Reduction Amount allocable to such Class in accordance
with Section 3.10(a) of this Agreement) at least equal to 25% of the initial Certificate Balance of such Class; provided,
however, that (except under the circumstances set forth in the following proviso) if no Class of Control Eligible Certificates
meets the preceding requirement, then the Class F Certificates will be the Controlling Class; and provided, further, however,
that if, at any time the aggregate outstanding Certificate Balance of the Classes of Non-Vertically Retained Principal Balance Certificates
senior to the Control Eligible Certificates has been reduced to zero (without regard to the allocation of any Cumulative Appraisal Reduction
Amount), then the Controlling Class shall be the most subordinate Class of Control Eligible Certificates that has an outstanding
Certificate Balance greater than zero (without regard to the allocation of any Cumulative Appraisal Reduction Amount). The Controlling
Class as of the Closing Date will be the Class H Certificates.

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

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

    	 	- 40 -	 

     

    

Class Representative on the Closing Date
shall be LD III Sub IX, LLC, and the Certificate Registrar and the other parties to this Agreement shall be entitled to assume LD III
Sub IX, LLC is the Controlling Class Representative on behalf of the Controlling Class Certificateholders, until the Certificate
Administrator, the Master Servicer, the Special Servicer and each other Controlling Class Certificateholder receives (a) written
notice of a replacement Controlling Class Representative or (b) written notice that LD III Sub IX, LLC is no longer the Holder
(or Certificate Owner) of a majority of the applicable Controlling Class.

“Controlling Subordinate
Companion Loan”: A Subordinate Companion Loan that is evidenced by the “control note” (or analogous concept) under
the related Co-Lender Agreement, or the holder of which is the “directing holder” (or analogous concept) under the related
Co-Lender Agreement.

“Corporate Trust
Office”: The office of the Trustee or the Certificate Administrator, at which at any particular time its corporate trust business
shall be principally administered. At the date of this Agreement, the corporate trust office of (i) the Trustee is located at 1100 North
Market Street, Wilmington, Delaware 19890, Attention: CMBS Trustee CGCMT 2022-GC48, and (ii) the Certificate Administrator is located,
for certificate transfer purposes, at 480 Washington Boulevard, 30th Floor, Jersey City, New Jersey 07310, Attention - Securities
Window, and for all other purposes, except as specifically set forth herein, 388 Greenwich Street, New York, New York 10013, Attention:
Global Transaction Services, CGCMT 2022-GC48.

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

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

“Corresponding Component”:
As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or
Lower-Tier Regular Interest.

“Corresponding Lower-Tier
Regular Interest”: As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal
Balance Certificates, the Class VRR Upper-Tier Regular Interest or Component.

“Corresponding Trust
Subordinate Companion Loan Regular Interest”: As identified in the Preliminary Statement with respect to any Class of Loan-Specific
Certificates.

“CREFC®”:
CRE Finance Council, formerly known as Commercial Mortgage Securities Association, or any association or organization that is a successor
thereto. If neither such association nor any successor remains in existence, “CREFC®” shall be deemed to refer
to such other association or organization as may exist whose principal membership consists of servicers, trustees, certificateholders,
issuers, placement agents and underwriters generally involved in the commercial mortgage loan securitization industry, which is the principal
such

    	 	- 41 -	 

     

    

association or organization in the commercial
mortgage loan securitization industry and whose principal purpose is the establishment of industry standards for reporting transaction-specific
information relating to commercial mortgage pass-through certificates and commercial mortgage-backed bonds and the commercial
mortgage loans and foreclosed properties underlying or backing them to investors holding or owning such certificates or bonds, and any
successor to such other association or organization. If an organization or association described in one of the preceding sentences of
this definition does not exist, “CREFC®” shall be deemed to refer to such other association or organization
as shall be selected by the Master Servicer and reasonably acceptable to the Certificate Administrator, the Special Servicer and, for
so long as no Control Termination Event has occurred and is continuing, the Controlling Class Representative.

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

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

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

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

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

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

    	 	- 42 -	 

     

    

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

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

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

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

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

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

“CREFC®
Intellectual Property Royalty License Fee”: With respect to each Mortgage Loan (including any successor REO Mortgage Loan with
respect thereto) and the Trust Subordinate Companion Loan (including any successor REO Companion Loan with respect thereto, but excluding
any REO Companion Loan related to any other Serviced Companion Loan) and for any Distribution Date, the amount accrued during the related
Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution
Date, the Cut-Off Date Balance of such Trust Loan and, in the case of any subsequent Distribution

    	 	- 43 -	 

     

    

Date, the Stated Principal Balance of such
Trust Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts
shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed
due on the related Trust Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC®
Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC or the Trust Subordinate Companion Loan REMIC,
as applicable.

“CREFC®
Intellectual Property Royalty License Fee Rate”: With respect to each Trust Loan, a rate equal to 0.00050% per annum.

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

“CREFC®
Investor Reporting Package (IRP)”: Collectively: (a) the following nine data files (and any other files as may be, or have
been, adopted and promulgated by CREFC® as part of the CREFC® Investor Reporting Package (IRP) from time
to time): (i) CREFC® Loan Setup File, (ii) CREFC® Loan Periodic Update File, (iii) CREFC®
Property File, (iv) CREFC® Bond Level File, (v) CREFC® Financial File, (vi) CREFC®
Collateral Summary File, (vii) CREFC® Special Servicer Loan File, (viii) CREFC® Special Servicer Property
File and (ix) CREFC® Schedule AL File;

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

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

    	 	- 44 -	 

     

    

(xiv) CREFC® Assumption
Modification Posting Instructions Template, and (xv) CREFC® Capitalized Amounts/Non-Recoverable Trust Expense
Template; and

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

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

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

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

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

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

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

“CREFC®
NOI Adjustment Worksheet”: The worksheet in the “NOI Adjustment Worksheet” format substantially in the form of and
containing the information called for therein

    	 	- 45 -	 

     

    

for the Mortgage Loans and Trust Subordinate
Companion Loan, or such other form for the presentation of such information as may be approved from time to time by the CREFC®
for commercial mortgage securities transactions generally.

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

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

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

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

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

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

“CREFC®
Schedule AL File”: The data file in the “Schedule AL File” format substantially in the form of and containing
the information required by Items 1111(h)(1), 1111(h)(2) and 1111(h)(3) of Regulation AB, Item 1125 of Regulation AB and Item 601(b)(102)
of Regulation S-K and otherwise called for therein, or such other form containing such required

    	 	- 46 -	 

     

    

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

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

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

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

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

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

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

“CREFC®
Total Loan Report”: The report in the “Total Loan Report” format substantially in the form of and containing the
information called for therein for the Mortgage Loans and Trust Subordinate Companion Loan, or such other form for the presentation of
such

    	 	- 47 -	 

     

    

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

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

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

“CREFI Co-sponsored
Note”: The CREFI Yorkshire & Lexington Towers Note, the CREFI Yorkshire & Lexington Towers Subordinate Note or the CREFI
Bell Works Note, as applicable, as the context requires.

“CREFI Co-sponsored
Mortgage Loan”: The Yorkshire & Lexington Towers Mortgage Loan and the Bell Works Mortgage Loan, as applicable, as the context
requires.

“CREFI Co-sponsored
Trust Subordinate Companion Loan”: The Yorkshire & Lexington Towers Trust Subordinate Companion Loan.

“CREFI Mortgage
Loan Purchase Agreement”: The mortgage loan purchase agreement, dated as of June 1, 2022, by and between CREFI and the Depositor.

“CREFI Mortgage
Loans”: The Mortgage Loans (or portions thereof) transferred by CREFI to the Depositor and/or the Trust pursuant to the CREFI
Mortgage Loan Purchase Agreement and this Agreement.

“CREFI Bell Works
Note”: With respect to the Bell Works Mortgage Loan, that certain promissory note A-2-1 with an outstanding principal balance
as of the Cut-off Date of $20,000,000, made by the related Mortgagor in favor of CREFI, as the same may hereafter be amended, restated,
replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise modified

“CREFI Yorkshire
& Lexington Towers Note”: With respect to the Yorkshire & Lexington Towers Mortgage Loan, that certain promissory note
A-9 with an outstanding principal balance as of the Cut-off Date of $20,000,000, made by the related Mortgagor in favor of CREFI, as the
same may hereafter be amended, restated, replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise modified.

“CREFI Yorkshire
& Lexington Towers Subordinate Note”: With respect to the Yorkshire & Lexington Towers Trust Subordinate Companion Loan,
that certain promissory note B-2 with an outstanding principal balance as of the Cut-off Date of $73,833,333, made by the related Mortgagor
in favor of CREFI, as the same may hereafter be amended, restated, replaced, extended, renewed, supplemented, consolidated, severed, split
or otherwise modified.

“CREFI-BMO Co-sponsored
Mortgage Loan”: The Bell Works Mortgage Loan.

“CREFI-BMO Co-sponsored
Trust Subordinate Companion Loan” The Yorkshire & Lexington Towers Trust Subordinate Companion Loan.

    	 	- 48 -	 

     

    

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

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

“Cross-Over
Date”: The first Distribution Date as of which (prior to any distributions of principal or allocations of Realized Losses on
such Distribution Date) the Certificate Balances of the Class A-S, Class B, Class C, Class D, Class E, Class
F, Class G and Class H Certificates have all been previously reduced to zero due to the application of applicable Realized Losses.

“Cumulative Appraisal
Reduction Amount”: As of any date of determination by the Special Servicer, the sum of (i) all Appraisal Reduction Amounts
then in effect, and (ii) with respect to any AB Modified Loan, any Collateral Deficiency Amount then in effect. The Certificate Administrator
and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Cumulative
Appraisal Reduction Amount. None of the Master Servicer, the Trustee nor the Certificate Administrator shall calculate or verify any Cumulative
Appraisal Reduction Amount.

“Cure/Contest Period”:
As defined in Section 11.01(b)(vii).

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

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

“Cut-Off Date”:
With respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June 2022,
the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as applicable,
if a Monthly Payment were scheduled to be due in that month).

“Cut-Off Date
Balance”: With respect to any Mortgage Loan or Serviced Companion Loan, the outstanding principal balance of such Mortgage Loan
or Serviced

    	 	- 49 -	 

     

    

Companion Loan, as applicable, as of the Cut-Off
Date, after application of all payments of principal due on or before such date, whether or not received (or, if such Mortgage Loan was
originated subsequent to the Cut-Off Date, its original principal balance) .

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

“Debt Service Coverage
Ratio”: With respect to any Mortgage Loan (or Serviced Whole Loan, if applicable), for any twelve-month period covered by
an annual operating statement for the related Mortgaged Property, the ratio of (i) Net Operating Income produced by the related Mortgaged
Property during such period to (ii) the aggregate amount of Monthly Payments (which do not include Balloon Payments) due under such
Mortgage Loan (or Serviced Whole Loan, if applicable) during such period; provided that with respect to the Mortgage Loans (and
with respect to any Serviced Whole Loan that includes a Mortgage Loan) identified on the Mortgage Loan Schedule as paying interest only
for a specified period of time set forth in the related Loan Documents and then paying principal and interest, the related Monthly Payment
will be calculated (for purposes of this definition only) to include interest and principal (based on the remaining amortization term
indicated in the Mortgage Loan Schedule).

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

“Default Interest”:
With respect to any Mortgage Loan or Serviced Companion Loan, all interest other than Excess Interest accrued in respect of such Mortgage
Loan or Serviced Companion Loan as provided in the related Note or Mortgage as a result of a default (exclusive of late payment charges)
that is in excess of interest at the related Mortgage Rate.

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

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

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

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

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

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

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

“Definitive Certificate”:
Any Certificate or Loan-Specific Certificate in fully registered certificated form without interest coupons.

“Delinquent Loan”:
A Mortgage Loan that is delinquent at least sixty (60) days in respect of its Monthly Payments or Balloon Payment, if any, in either
case such delinquency to be determined without giving effect to any Grace Period. Notwithstanding the foregoing, a delinquency that would
have existed but for a Payment Accommodation will not constitute a delinquency, for so long as the related Mortgagor is complying with
the terms of such Payment Accommodation.

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

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

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

“Designated Site”:
The internet website to which Diligence Files are uploaded as designated by the Depositor to the Mortgage Loan Sellers, initially located
at www.intralinks.com.

“Determination Date”:
The eleventh day of each calendar month (or, if the eleventh day of that month is not a Business Day, the next Business Day), commencing
in July 2022.

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

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

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

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

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

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

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

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

(vii)      the
related Loan Agreement, if any;

    	 	- 52 -	 

     

    

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

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

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

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

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

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

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

(xv)     any
related environmental insurance policy;

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

(xvii)    any
related franchise agreement, property management agreement or hotel management agreement and related comfort letters (together with
(i) copies of any notices of transfer that are necessary to transfer or assign to the Trust or the Trustee for the benefit of the
Certificateholders and the Uncertificated VRR Interest Owner the benefits of such comfort letter or (ii) if the related comfort
letter contemplates that a request be made of the related franchisor to issue a replacement comfort letter for the benefit of the
Trust or Trustee, a copy of the notice requesting the issuance of such replacement comfort letter) and/or estoppel letters relating
to such Mortgage Loan or the related Serviced Whole Loan and any related assignment thereof; 

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

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

    	 	- 53 -	 

     

    

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

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

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

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

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

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

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

(k)        a
copy of all zoning reports;

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

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

(n)       a
copy of all UCC searches;

(o)       a
copy of all litigation searches;

(p)       a
copy of all bankruptcy searches;

(q)       a
copy of the origination settlement statement;

(r)        a
copy of any Insurance Summary Report;

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

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

    	 	- 54 -	 

     

    

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

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

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

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

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

“Directing Holder”:
With respect to any Serviced Mortgage Loan or, if applicable, Serviced Whole Loan:

(a)       except
(i) with respect to an Excluded Mortgage Loan, (ii) with respect to a Trust Subordinate Companion Loan prior to a related Control
Appraisal Period, (iii) with respect to any Serviced Outside Controlled Whole Loan, and (iv) during any period that a Control
Termination Event has occurred and is continuing, the Controlling Class Representative;

(b)       with
respect to any Serviced Outside Controlled Whole Loan (which may include a Servicing Shift Whole Loan or a Serviced Whole Loan with a
Controlling Subordinate Companion Loan held outside the Trust), if and for so long the applicable Companion Loan Holder or its representative
is entitled under the related Co-Lender Agreement to exercise consent rights similar to those entitled to be exercised by the Controlling
Class Representative (when it is the Directing Holder under the circumstances described in clause (a) of this definition), the related
Outside Controlling Note Holder; and

(c)       with
respect to a Trust Subordinate Companion Whole Loan (i) for so long as no related Control Appraisal Period or Loan-Specific Control Termination
Event exists or is deemed to exist with respect to such Whole Loan, the Loan-Specific Controlling

    	 	- 55 -	 

     

    

Class Representative (if and for
so long as the related Loan-Specific Controlling Class Representative is entitled to act as Directing Holder) and (ii) for so long
as a related Control Appraisal Period exists or is deemed to exist and a Control Termination Event has not occurred and is continuing,
the Controlling Class Representative;

provided, that with respect to any Serviced
Whole Loan, the rights of the Directing Holder will be subject to and may be limited by the terms and provisions of any related Co-Lender
Agreement.

For the avoidance of doubt:
(A) the Controlling Class Representative will not be the Directing Holder if and for so long as (1) a Control Termination Event is
in effect, (2) the related Mortgage Loan is an Excluded Mortgage Loan, (3) the related Serviced Whole Loan is a Serviced Outside Controlled
Whole Loan, and/or (4) with respect to a Trust Subordinate Companion Whole Loan, no related Control Appraisal Period exists or is deemed
to exist with respect to the Trust Subordinate Companion Whole Loan; and (B) with respect to any Serviced Outside Controlled Whole Loan,
the related Outside Controlling Note Holder will be the Directing Holder only if and for so long as such note holder or note holder representative
is entitled under the related Co-Lender Agreement to exercise consent rights similar to those entitled to be exercised by the Controlling
Class Representative (when it is the Directing Holder under the circumstances described in clause (a) of the prior paragraph of this
definition).

Further for the avoidance
of doubt, with respect to any Mortgage Loan or Whole Loan, if none of the Controlling Class Representative, an Outside Controlling
Note Holder or a Loan-Specific Controlling Class Representative is a Directing Holder in accordance with the foregoing definition,
then there will be no Directing Holder for that Serviced Mortgage Loan or Serviced Whole Loan.

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

“Disclosable Special
Servicer Fees”: With respect to any Serviced Loan or related REO Property, any compensation and other remuneration (including,
without limitation, in the form of commissions, brokerage fees and rebates) received or retained by the Special Servicer or any of its
Affiliates that is paid by any Person (including, without limitation, the Trust, any Mortgagor, any Manager, any guarantor or indemnitor
in respect of a Serviced Loan and any purchaser of any Serviced Loan or REO Property (or an interest in an REO Property related to a Serviced
Whole Loan, if applicable) in connection with the disposition, workout or foreclosure of any Serviced Loan, the management or disposition
of any REO Property, and the performance by

    	 	- 56 -	 

     

    

the Special Servicer or any such Affiliate
of any other special servicing duties under this Agreement, other than (1) any compensation which is payable to the Special Servicer under
this Agreement and that is set forth in a report that is part of the CREFC® Investor Reporting Package (IRP) for the applicable period,
and (2) any Permitted Special Servicer/Affiliate Fees. For the avoidance of doubt, any compensation or other remuneration that an entity
acting in the capacities of both the Master Servicer and Special Servicer is entitled to in its capacity as Master Servicer pursuant to
this Agreement will not constitute Disclosable Special Servicer Fees.

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

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

“Dispute Resolution
Requesting Holder”: Either a Requesting Certificateholder or a Consultation Requesting Certificateholder, as applicable.

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

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

“Distribution Account”:
Collectively, the Lower-Tier REMIC Distribution Account, the Upper-Tier REMIC Distribution Account and a Trust Subordinate Companion
Loan REMIC Distribution Account, each of which may be subaccounts of a single Eligible Account.

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“Distribution Date”:
The fourth Business Day following each Determination Date, commencing in July 2022. The first Distribution Date shall be July 15,
2022.

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

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

“Dodd-Frank
Act”: The Dodd-Frank Wall Street Reform and Consumer Protection Act, as it may be amended from time to time.

“Due Date”:
With respect to any Mortgage Loan or Companion Loan, for any calendar month: (i) up to and including the calendar month in which
its Maturity Date occurs, the day of such month set forth in the related Note on which the Monthly Payment thereon is scheduled to be
first due (without regard to any grace period); (ii) after the calendar month in which its Maturity Date occurred, the day of such
month that would have been the Due Date in accordance with clause (i) of this definition without regard to the occurrence of the
Maturity Date; and (iii) if such Mortgage Loan or Companion Loan, as applicable, has become an REO Mortgage Loan or REO Companion
Loan, as applicable, the day of such month that would have been the Due Date in accordance with clause (i) of this definition without
regard to the occurrence of such event.

“Due Diligence Service
Provider”: As defined in Section 12.13(l) of this Agreement.

“Due Period”:
With respect to any Distribution Date and any Mortgage Loan (including any successor REO Mortgage Loan with respect thereto) or Companion
Loan (including any successor REO Companion Loan with respect thereto), the period beginning on the day immediately following the Due
Date in the month preceding the month in which such Distribution Date occurs (or, in the case of the Distribution Date occurring in July
2022, if such Mortgage Loan or Companion Loan does not have a Due Date in such preceding month, beginning on the day after the date that
would have been the Due Date if such Mortgage Loan or Companion Loan had a Due Date in such preceding month) and ending on and including
the Due Date in the month in which such Distribution Date occurs.

“Early Termination
Notice Date”: Any date as of which (a) the aggregate Stated Principal Balance of the Mortgage Loans (including successor REO
Mortgage Loans with respect thereto) and any Trust Subordinate Companion Loans (including successor REO Companion Loans with respect thereto)
remaining in the Trust Fund is less than (b) 1.0% of the sum of the aggregate Stated Principal Balance of the Mortgage Pool and any Trust
Subordinate Companion Loan as of the Cut-Off Date (excluding, for the purposes of the calculation in each of clauses (a) and (b) in this
definition, the unpaid principal balance of the One Wilshire Mortgage Loan, but only if the option described above is exercised after
the Distribution Date in June 2031).

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

“EDGAR-Compatible
Format”: (a) With respect to the CREFC® Schedule AL File, the Schedule AL Additional File and any other information required
pursuant to Item 1111(h) of Regulation AB, XML Format or such other format as mutually agreed to between the Depositor, Certificate
Administrator and the Master Servicer and (b) with respect to any other document or

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information, any format compatible with EDGAR,
including HTML, Word, Excel or clean, searchable PDFs.

“EHRI Trust Subordinate
Companion Loan Securitization”: With respect to any Trust Subordinate Companion Loan, a securitization constituted by the issuance
of the related Loan-Specific Certificates that is characterized by risk retention in the form of an “eligible horizontal interest”
held by a “third party purchaser” in accordance with Rule 7 of Regulation RR. With respect to the Yorkshire & Lexington
Towers Trust Subordinate Companion Loan, the securitization constituted by the issuance of the Yorkshire & Lexington Towers Loan-Specific
Certificates is an EHRI Trust Subordinate Companion Loan Securitization.

“Eligible Account”:
Any of: (i) a segregated account or accounts maintained with a federal or state chartered depository institution or trust company
(including the Trustee and the Certificate Administrator), (a) the long-term unsecured debt obligations (or short-term unsecured
debt obligations if the account holds funds for less than 30 days) or commercial paper of which are rated by Fitch in its highest
rating category at all times (or, in the case of the REO Account, Collection Account, Whole Loan Custodial Account, Interest Reserve Account,
Excess Liquidation Proceeds Reserve Account and Escrow Account, the long-term unsecured debt obligations (or short-term unsecured
debt obligations if the account holds funds for less than 30 days) of which are rated at least “AA-“ by Fitch (or
“A” by Fitch so long as the short-term deposit or short-term unsecured debt obligations of such depository institution
or trust company are rated no less than “F1” by Fitch) or, if applicable, the short-term rating equivalent thereof, which
is at least “F1” by Fitch), (b) the obligations of which satisfy the Applicable Moody’s Permitted Investment Rating
and (c) the long-term unsecured debt obligations of which are rated at least “BBB(high)” by DBRS Morningstar (or, if not rated
by DBRS Morningstar, then at least an equivalent rating by two other NRSROs); (ii) an account or accounts maintained with PNC Bank,
National Association so long as the long-term unsecured debt rating or deposit account rating of PNC Bank, National Association shall
be at least “A” by Fitch, “A2” by Moody’s and “BBB(high)” by DBRS Morningstar (or, if not rated
by DBRS Morningstar, then at least an equivalent rating by two other NRSROs) (if the deposits are to be held in the account for more than
30 days) or the short-term deposit account or short-term unsecured debt rating of PNC Bank, National Association shall be
at least “F1” by Fitch, “P-1” by Moody’s and “R-1 (low)” by DBRS Morningstar (or, if not rated
by DBRS Morningstar, then at least an equivalent rating by two other NRSROs) (if the deposits are to be held in the account for 30 days
or less); (iii) a segregated trust account or accounts maintained with the corporate trust department of a federal or state chartered
depository institution or trust company that, in either case, has corporate trust powers, acting in its fiduciary capacity, which institution
or trust company has a combined capital and surplus of at least $50,000,000, is (in the case of a state chartered depository institution
or trust company) subject to regulations substantially similar to 12 C.F.R. §9.10(b), and is subject to supervision or examination
by federal and state authority, and the long term unsecured debt obligations of which are rated at least “A2” by Moody’s
and “BBB(high)” by DBRS Morningstar (or, if not rated by DBRS Morningstar, then at least an equivalent rating by two other
NRSROs); (iv) such other account or accounts that, but for the failure to satisfy one or more of the minimum rating(s) set forth
in the applicable clause, would be listed in clauses (i) through (iii) above, with respect to which a Rating Agency Confirmation
has been obtained from KBRA and each Rating Agency for which the minimum ratings set forth in the applicable clause is not satisfied
with respect to such account; or (v) such other account or accounts not listed in clauses (i) through (iii) above with

    	 	- 59 -	 

     

    

respect to which a Rating Agency Confirmation
or Companion Loan Rating Agency Confirmation, as applicable, has been obtained from each Rating Agency and Companion Loan Rating Agency.
Eligible Accounts may bear interest No Eligible Account shall be evidenced by a certificate of deposit, passbook or other similar instrument.

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

“Eligible Operating
Advisor”: An entity (i) that is the special servicer or operating advisor on a transaction rated by any of Moody’s,
Fitch, KBRA, S&P and/or DBRS Morningstar but has not been the special servicer or operating advisor on a transaction for which Moody’s,
Fitch, KBRA, S&P and/or DBRS Morningstar has qualified, downgraded or withdrawn its rating or ratings of, one or more classes of certificates
for such transaction citing servicing concerns with the special servicer or operating advisor, as applicable, as the sole or material
factor in such rating action, (ii) that (x) has been regularly engaged in the business of analyzing and advising clients in
commercial mortgage-backed securities matters and has at least five years of experience in collateral analysis and loss projections,
and (y) has at least five years of experience in commercial real estate asset management and experience in the workout and management
of distressed commercial real estate assets, (iii) that can and will make the representations and warranties set forth in Section 2.09(a)
of this Agreement, (iv) that is not (and is not affiliated with) the Depositor, the Trustee, the Certificate Administrator, the Master
Servicer, the Special Servicer, any Mortgage Loan Seller, any Directing Holder, any Consulting Party or a depositor, a trustee, a certificate
administrator, a master servicer or a special servicer with respect to the securitization of a Companion Loan, or any of their respective
Affiliates, (v) in the case of an EHRI Trust Subordinate Companion Loan Securitization, that is not and is not a Risk Retention Affiliate
of the applicable Loan-Specific Retaining Third Party Purchaser, or any other Impermissible Risk Retention

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Affiliate), (vi) that has not been paid
any fees, compensation or other remuneration by any entity acting as Special Servicer or successor Special Servicer (x) in respect
of its obligations under this Agreement or (y) for the recommendation of the replacement of the Special Servicer or the appointment
of a successor special servicer to become the Special Servicer and (vii) that does not directly or indirectly, through one or more
Affiliates or otherwise, own any interest in any Certificates (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization,
any Loan-Specific Certificates), the Uncertificated VRR Interest, any Mortgage Loans, any Companion Loan or any securities backed by a
Companion Loan or otherwise have any financial interest in the securitization transaction to which this Agreement relates, other than
in fees from its role as Operating Advisor or any fees to which it is entitled as Asset Representations Reviewer, if the Person acting
as Operating Advisor is also acting as Asset Representations Reviewer.

“Emergency Advance”:
Any Property Advance that, pursuant hereto, the Special Servicer is required to either (a) make (in its sole discretion in accordance
with the Servicing Standard) or (b) to request the Master Servicer to make, that must be made in an emergency situation or on an
urgent basis within two (2) Business Days of the Special Servicer becoming aware that it must be made in order to avoid any material penalty,
any material harm to a Mortgaged Property securing a Serviced Loan or any other material adverse consequence to the Trust Fund or any
related Companion Loan Holder.

“Enforcing Party”:
In connection with any Repurchase Request, (i) in the event one or more Dispute Resolution Requesting Holders has delivered a Final
Dispute Resolution Election Notice with respect thereto pursuant to Section 2.03(g) of this Agreement, with respect to the
mediation or arbitration that arises out of such Final Dispute Resolution Election Notice, such Dispute Resolution Requesting Holder(s),
or (ii) in all other cases, the Enforcing Servicer.

“Enforcing Servicer”:
The Special Servicer.

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

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

“ERISA Restricted
Certificate”: Any Class X-F, Class X-G, Class X-H, Class F, Class G, Class H, Class YL-C, Class YL-D or Class YLRR Certificate
or, if transferred through Citigroup Global Markets Inc., Goldman Sachs & Co. LLC or BMO Capital Markets Corp., any Class VRR
Certificate; provided that any such Certificate: (a) will cease to be considered an ERISA Restricted Certificate and (b) will
cease to be subject to the transfer restrictions with respect to ERISA Restricted Certificates contained in Section 5.03(n)
of this Agreement if, as of the date of a proposed transfer of such Certificate, it is rated in one of the four highest generic ratings
categories by a credit rating agency that meets the requirements of the Underwriter Exemption or (ii) relevant provisions of ERISA
would permit the transfer of such Certificate to a Plan.

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

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

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

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

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

“Excess Interest
Distribution Account”: The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(d)
of this Agreement in trust for the Holders of the Excess Interest Certificates and the Uncertificated VRR Interest Owner, which (subject
to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Computershare Trust Company,
National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of
the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
Class VRR and Class S, and the Uncertificated VRR Interest Owner, Excess Interest Distribution Account.” Any such account
shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess
Interest Certificates and the Uncertificated VRR Interest Owner. The Excess Interest Distribution Account shall not be an asset of any
Trust REMIC, but rather shall be an asset of the Grantor Trust.

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

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determined in accordance with the applicable
Outside Servicing Agreement and the related Co-Lender Agreement that are received by the Trust.

“Excess Liquidation
Proceeds Reserve Account”: The trust account or subaccount created and maintained by the Certificate Administrator pursuant
to Section 3.05(c) of this Agreement in trust for the Certificateholders and the Uncertificated VRR Interest Owner, which
(subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Computershare
Trust Company, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for
the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates,
Series 2022-GC48, and the Uncertificated VRR Interest Owner, Excess Liquidation Proceeds Reserve Account.” Any such account shall
be an Eligible Account.

“Excess Modification
Fees”: With respect to any Serviced Mortgage Loan (or Serviced Whole Loan, if applicable), the sum of (A) the excess of
(i) any and all Modification Fees with respect to any modification, waiver, extension or amendment of any of the terms of a Serviced
Mortgage Loan (or Serviced Whole Loan, if applicable), over (ii) all unpaid or unreimbursed Advances and Additional Trust
Fund Expenses (including, without limitation, interest on unreimbursed Advances to the extent not otherwise paid or reimbursed by the
related Mortgagor (including indirect reimbursement from Penalty Charges or otherwise), but excluding (1) Special Servicing Fees, Workout
Fees and Liquidation Fees, and (2) Borrower Delayed Reimbursements) outstanding or previously incurred hereunder with respect to the related
Serviced Mortgage Loan (or Serviced Whole Loan, if applicable) and reimbursed from such Modification Fees (which such Advances and Additional
Trust Fund Expenses shall be reimbursed from such Modification Fees), and (B) Advances and Additional Trust Fund Expenses previously
paid or reimbursed from Modification Fees as described in the preceding clause (A), which Advances and Additional Trust Fund Expenses
have been recovered from the related Mortgagor as Penalty Charges, specific reimbursements or otherwise. All Excess Modification Fees
earned by the Special Servicer shall offset any future Workout Fees or Liquidation Fees payable with respect to the related Serviced Mortgage
Loan (or Serviced Whole Loan, if applicable) or REO Property; provided that if the Serviced Mortgage Loan (or Serviced Whole Loan,
if applicable) ceases being a Corrected Loan, and is subject to a subsequent modification, any Excess Modification Fees earned by the
Special Servicer prior to such Serviced Mortgage Loan (or Serviced Whole Loan, if applicable) ceasing to be a Corrected Loan shall no
longer be offset against future Liquidation Fees and Workout Fees unless such Serviced Mortgage Loan (or Serviced Whole Loan, if applicable)
ceased to be a Corrected Loan within 18 months of it becoming a modified Serviced Mortgage Loan (or modified Serviced Whole Loan,
if applicable). If such Mortgage Loan (or Serviced Whole Loan) ceases to be a Corrected Loan, the Special Servicer shall be entitled to
a Liquidation Fee or Workout Fee (to the extent not previously offset) with respect to the new modification, waiver, extension or amendment
or future liquidation of the Specially Serviced Loan or related REO Property (including in connection with a repurchase, sale, refinance,
discounted or full payoff or other liquidation); provided that any Excess Modification Fees earned and paid to the Special Servicer
in connection with such subsequent modification, waiver, extension or amendment (or, as contemplated by the preceding proviso, a prior
modification, waiver, extension or amendment) shall be applied to offset such Liquidation Fee or Workout Fee to the extent described above.
Within any prior 12-month period, all Excess Modification Fees earned by the Master Servicer or the Special Servicer (after taking
into account any offset described above applied during such

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12-month period) with respect to any Serviced
Mortgage Loan (or Serviced Whole Loan, if applicable) shall be subject to a cap equal to the greater of (i) 1% of the outstanding principal
balance of such Serviced Mortgage Loan (or Serviced Whole Loan, if applicable) after giving effect to such transaction, and (ii) $25,000.

“Excess Penalty
Charges”: With respect to any Serviced Loan and any Collection Period, the sum of (A) the excess of (i) any and all
Penalty Charges collected in respect of such Serviced Loan during such Collection Period, over (ii) all unpaid or unreimbursed Advances
and Additional Trust Fund Expenses (including, without limitation, Advances and interest on Advances to the extent not otherwise paid
or reimbursed by the related Mortgagor, Special Servicing Fees, Workout Fees and Liquidation Fees) outstanding or previously incurred
on behalf of the Trust (and, if applicable, the related Serviced Companion Loan Holder(s)) with respect to such Serviced Loan and reimbursed
from such Penalty Charges (which such Advances and Additional Trust Fund Expenses shall be reimbursed from such Penalty Charges) in accordance
with Section 3.14 of this Agreement and (B) Advances and expenses previously paid or reimbursed from Penalty Charges
as described in the immediately preceding clause (A), which Advances and expenses have been recovered from the related Mortgagor
or otherwise.

“Excess Prepayment
Interest Shortfall”: With respect to any Distribution Date, (i) with respect to the Mortgage Loans, the aggregate of any
Prepayment Interest Shortfalls resulting from any principal prepayments made on the Mortgage Loans to be included in the Aggregate Available
Funds for such Distribution Date that are not covered by the portion of the Master Servicer’s Compensating Interest Payment for
the related Distribution Date allocable to the Mortgage Loans or, in the case of an Outside Serviced Mortgage Loan, the portion of any
compensating interest payments allocable to such Outside Serviced Mortgage Loan to the extent received from the related Outside Servicer,
and (ii) with respect to any Trust Subordinate Companion Loan, the amount of any Prepayment Interest Shortfall resulting from any
principal prepayment made on such Trust Subordinate Companion Loan to be included in the applicable Trust Subordinate Companion Loan Available
Funds for such Distribution Date that is not covered by the portion of the Master Servicer’s Compensating Interest Payment for the
related Distribution Date allocable to such Trust Subordinate Companion Loan.

“Excess Servicing
Fees”: With respect to each Mortgage Loan (including any successor REO Mortgage Loan with respect thereto) and Trust Subordinate
Companion Loan (including any successor REO Companion Loan with respect thereto), that portion of the Servicing Fee that accrues at a
per annum rate equal to the Excess Servicing Fee Rate.

“Excess Servicing
Fee Rate”: With respect to each Mortgage Loan (including any successor REO Mortgage Loan with respect thereto) and Trust Subordinate
Companion Loan (including any successor REO Companion Loan with respect thereto), a rate per annum equal to the Servicing Fee Rate
minus (i) if no primary servicing fee rate or subservicing fee rate is payable to a party other than Midland, 0.00125% or (ii) if a primary
servicing fee rate or subservicing fee rate is payable to a party other than Midland, 0.000625% plus any such primary servicing fee rate
or subservicing fee rate payable to a party other than Midland or (iii) with respect to any Outside Serviced Mortgage Loan, 0.000625%
plus any outside servicing fee rate payable to the related Outside Servicer; provided that such rate shall be subject to reduction
at any time following any resignation of the Master Servicer pursuant to Section 6.04 of this Agreement (if no successor is

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appointed in accordance with Section 6.04
of this Agreement) or any termination of the Master Servicer pursuant to Section 7.01 of this Agreement, to the extent reasonably
necessary (in the sole discretion of the Trustee) for the Trustee to appoint a qualified successor Master Servicer (which successor may
include the Trustee) that meets the requirements of Section 7.02 of this Agreement.

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

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

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

“Excluded Controlling
Class Mortgage Loan”: (i) Any Mortgage Loan or Whole Loan with respect to which, as of any date of determination, the Controlling
Class Representative or any Controlling Class Certificateholder, as applicable, is a Borrower Party, or (ii) a Trust Subordinate
Companion Whole Loan (if any) with respect to which, as of any date of determination, the related Loan-Specific Controlling Class Representative
or any related Loan-Specific Controlling Class Certificateholder is a Borrower Party; provided in the case of this clause (ii) that a
related Control Appraisal Period is not continuing. For the avoidance of doubt, if a Mortgage Loan or a Whole Loan is not an Excluded
Controlling Class Mortgage Loan, such Mortgage Loan or Whole Loan also is not an Excluded Mortgage Loan.

“Excluded Information”:
With respect to any Excluded Controlling Class Mortgage Loan, any information and reports solely relating to such Excluded Controlling
Class Mortgage Loan and/or the related Mortgaged Property or portfolio of Mortgaged Properties, including, without limitation, any
Asset Status Reports, Final Asset Status Reports (or summaries

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thereof), any Appraisals, inspection reports
(related to Specially Serviced Loans conducted by the Special Servicer or the Excluded Mortgage Loan Special Servicer, as applicable),
any Officer’s Certificates delivered by the Master Servicer, the Special Servicer or the Trustee pursuant to Section 3.20(c)
or Section 4.06(b) supporting a non-recoverability determination, the Operating Advisor Annual Reports, any determination
of the Special Servicer’s net present value calculation, any Appraisal Reduction Amount calculations, environmental assessments,
seismic reports and property condition reports and such other information and reports designated as Excluded Information (other than such
information with respect to such Excluded Controlling Class Mortgage Loan that is aggregated with information of other Mortgage Loans
at a pool level) by the Master Servicer, the Special Servicer or the Operating Advisor, as the case may be. For the avoidance of doubt,
any file or report contained in the CREFC® Investor Reporting Package (CREFC® IRP) (other than the CREFC® Special
Servicer Loan File and CREFC® Special Servicer Property File relating to any Excluded Controlling Class Mortgage Loan)
and any Schedule AL Additional File shall not be considered “Excluded Information.” Each of the Master Servicer, the Special
Servicer or the Operating Advisor shall deliver any Excluded Information for posting to the Certificate Administrator’s Website
to the Certificate Administrator in accordance with Section 3.32 hereof. For the avoidance of doubt, the Certificate Administrator’s
obligation to segregate any information delivered to it under the “Excluded Information” tab on the Certificate Administrator’s
Website shall be triggered solely by such information being delivered in the manner provided in Section 3.32 hereof.

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

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

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

“Excluded Special
Servicer Information”: With respect to any Excluded Special Servicer Mortgage Loan, any information and reports solely relating
to such Excluded Special Servicer Mortgage Loan and/or the related Mortgaged Property or portfolio of Mortgaged Properties, including,
without limitation, any Asset Status Reports, Final Asset Status Reports (or summaries thereof), any Appraisals, inspection reports, any
Officer’s Certificates delivered by the Master Servicer, the related Excluded Mortgage Loan Special Servicer or the Trustee pursuant
to Section 3.20(c) or Section 4.06(b) supporting a non-recoverability determination, the Operating Advisor
Annual Reports (provided that the Special Servicer or the Excluded Mortgage Loan Special Servicer, as applicable, shall be entitled to
access and view any Operating Advisor Annual

    	 	- 66 -	 

     

    

Report relating to itself, even if such report
also includes information about any Excluded Special Servicer Mortgage Loan), any determination of the related Excluded Mortgage Loan
Special Servicer’s net present value calculation, any Appraisal Reduction Amount calculations, environmental assessments, seismic
reports and property condition reports and such other information and reports designated as Excluded Special Servicer Information (other
than such information with respect to such Excluded Special Servicer Mortgage Loan that is aggregated with information of other Mortgage
Loans at a pool level) by the Master Servicer, the related Excluded Mortgage Loan Special Servicer or the Operating Advisor, as the case
may be. For the avoidance of doubt, any file or report contained in the CREFC® Investor Reporting Package (CREFC®
IRP) (other than the CREFC® Special Servicer Loan File and CREFC® Special Servicer Property File relating
to any Excluded Special Servicer Mortgage Loan, which shall be Excluded Special Servicer Information) shall not be considered “Excluded
Special Servicer Information.”

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

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

“Final Asset Status
Report”: With respect to any Specially Serviced Loan, each related Asset Status Report, together with such other data or supporting
information provided by the Special Servicer to any applicable Directing Holder or Consulting Party or, if different, the Operating Advisor
or any related Serviced Companion Loan Holder (or its Companion Loan Holder Representative), in each case, which does not include any
communications (other than the related Asset Status Report) between the Special Servicer, on the one hand, and any applicable Directing
Holder or Consulting Party, on the other hand, with respect to such Specially Serviced Loan; provided that no Asset Status Report
shall be considered to be a Final Asset Status Report unless any applicable Directing Holder has either finally approved of and consented
to the actions proposed to be taken in connection therewith, or has exhausted all of its rights of approval and consent pursuant to this
Agreement, or has been deemed to have approved or consented to such action, or unless the Asset Status Report is otherwise being implemented
by the Special Servicer in accordance with this Agreement.

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

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

    	 	- 67 -	 

     

    

by the related Outside Special Servicer in
accordance with the applicable Outside Servicing Agreement.

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

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

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

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

“Grace Period”:
The number of days before a payment default is an event of default under the related Mortgage Loan or Companion Loan.

“Grantor Trust”:
A segregated asset pool within the Trust Fund, which at all times shall be treated as a “grantor trust” under the Grantor
Trust Provisions, consisting of the VRR Specific Grantor Trust Assets, the Class S Specific Grantor Trust Assets and the Excess Interest
Distribution Account, beneficial ownership of which is represented by the Grantor Trust Certificates and the Uncertificated VRR Interest.

“Grantor Trust Certificates”:
Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest
in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates
issued under this Agreement.

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

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

“GS Bank”:
Goldman Sachs Bank USA, and its successors in interest.

“GSMC”:
Goldman Sachs Mortgage Company, a New York limited partnership, and its successors in interest.

“GSMC Mortgage Loan
Purchase Agreement”: The mortgage loan purchase agreement, dated as of June 1, 2022, by and between GSMC and the Depositor.

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“GSMC Mortgage Loans”:
The Mortgage Loans (or portions thereof) transferred by GSMC to the Depositor and/or the Trust pursuant to the GSMC Mortgage Loan Purchase
Agreement and this Agreement.

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

“Holder”:
(i) With respect to any Certificate, a Certificateholder; (ii) with respect to any Loan-Specific Certificate, a Loan-Specific Certificateholder;
and (iii)with respect to any Lower-Tier Regular Interest or Trust Subordinate Companion Loan Regular Interest, the Trustee for the
benefit of the Certificateholders.

“Impermissible Risk
Retention Affiliate”: As defined in Section 3.33 of this Agreement.

“Impermissible TPP
Affiliate”: As defined in Section 3.33 of this Agreement.

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

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

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

    	 	- 69 -	 

     

    

Companion Loan Holder Representative) or any
Affiliate thereof, as the case may be, provided that such ownership constitutes less than 1% of the total assets owned by such
Person.

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

“Initial Purchasers”:
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and BMO Capital Markets Corp.

“Initial Requesting
Certificateholder”: With respect to a Mortgage Loan, the first Certificateholder or Certificate Owner (in either case, other
than a Holder or Certificate Owner of the Class VRR Certificates) to deliver a Certificateholder Repurchase Request as described
in Section 2.03(f) with respect to such Mortgage Loan. For the avoidance of doubt, there may not be more than one Initial
Requesting Certificateholder with respect to any Mortgage Loan, and a Holder of a Class VRR Certificate may not be an Initial Requesting
Certificateholder.

“Initial Schedule
AL Additional File”: The data file containing additional information or schedules regarding data points in the Initial Schedule
AL File and filed as Exhibit 103 to the Form ABS-EE or, if applicable, Form ABS-EE/A incorporated by reference in the Prospectus.

“Initial Schedule
AL File”: The data file prepared by, or on behalf of, the Depositor and filed as Exhibit 102 to the Form ABS-EE or,
if applicable, Form ABS-EE/A incorporated by reference in the Prospectus.

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

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

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

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

“Interest Accrual
Amount”: (a) With respect to any Distribution Date and any Class of Non-Vertically Retained Principal Balance Certificates,
an amount equal to interest for the related Interest Accrual Period accrued at the applicable Pass-Through Rate for such Class on
the related Certificate Balance outstanding immediately prior to such Distribution Date; and (b) with respect to any Distribution Date
and a Class of the Class X Certificates, an amount equal to the Accrued Component Interest for the related Interest Accrual
Period for the applicable Component (or, if there are multiple related Components, the sum of the Accrued Component Interest for the related
Interest Accrual Period for all of the respective Components) for such Class for such Interest Accrual Period. Calculations of interest
for each Interest Accrual Period shall be made on 30/360 Basis.

“Interest Accrual
Period”: With respect to any Distribution Date, the calendar month prior to the month in which such Distribution Date occurs.

“Interest Distribution
Amount”: With respect to any Distribution Date and any Class of Non-Vertically Retained Regular Certificates, an amount
equal to (A) the sum of (i) the Interest Accrual Amount with respect to such Class for such Distribution Date and (ii) the
Interest Shortfall, if any, with respect to such Class for such Distribution Date, less (B) any Excess Prepayment Interest Shortfall
with respect to the Mortgage Pool allocated to such Class on such Distribution Date pursuant to Section 4.01(j).

“Interest Reserve
Account”: The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.23
of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled
“Computershare Trust Company, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association,
as Trustee, for the benefit of the registered

    	 	- 71 -	 

     

    

Holders of Citigroup Commercial Mortgage Trust
2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48, and the Uncertificated VRR Interest Owner, Interest Reserve
Account” and which shall be an Eligible Account.

“Interest Shortfall”:
With respect to any Distribution Date for any Class of Non-Vertically Retained Regular Certificates, subject to increase as provided
in Section 4.01(g) of this Agreement, the sum of (a) the portion of the Interest Distribution Amount for such Class remaining
unpaid as of the close of business on the preceding Distribution Date (if any), and (b) to the extent permitted by applicable law,
(i) in the case of a Class of Non-Vertically Retained Principal Balance Certificates, one month’s interest on that
amount remaining unpaid at the Pass-Through Rate applicable to such Class for the subject Distribution Date, and (ii) in
the case of a Class of Interest-Only Certificates, one month’s interest on that amount remaining unpaid at the WAC Rate
for the subject Distribution Date.

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

“Interest-Only
Certificates”: The Class X-A, Class X-D, Class X-F, Class X-G and Class X-H Certificates, collectively.

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

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

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

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

    	 	- 72 -	 

     

    

Affiliate thereof, the Certificate Administrator
or any Affiliate thereof, or the Trustee or any Affiliate thereof, as applicable, has discretion in connection with Investments.

“Investor Certification”:
A certificate representing that such Person executing the certificate is a Certificateholder, Loan-Specific Certificateholder, a Certificate
Owner or a prospective purchaser of a Certificate or Loan-Specific Certificate (or any investment advisor or manager of the foregoing),
the Uncertificated VRR Interest Owner, the Controlling Class Representative or a Loan-Specific Controlling Class Representative
(to the extent the Controlling Class Representative or such Loan-Specific Controlling Class Representative is not a Certificateholder
or a Certificate Owner), a Risk Retention Consultation Party (to the extent such Risk Retention Consultation Party is not a Certificateholder
or Certificate Owner) or a Serviced Companion Loan Holder or its Companion Loan Holder Representative, and that (i) for purposes of obtaining
certain information and notices (including access to information and notices on the Certificate Administrator’s Website) pursuant
to this Agreement, (A) (1) in the case of a Person that is not the Controlling Class Representative, a Controlling Class Certificateholder,
a Loan-Specific Controlling Class Representative or any Loan-Specific Controlling Class Certificateholder, such Person
is or is not a Borrower Party and such Person is or is not a Risk Retention Consultation Party (and, for purposes of obtaining information
and notices with respect to a Whole Loan, such Person is either (x) not a Consulting Party or (y) not a “borrower party”,
“borrower restricted party”, “restricted holder” or any other analogous concept under the related Co-Lender Agreement)
or (2) in the case of the Controlling Class Representative, any Controlling Class Certificateholder, a Loan-Specific Controlling
Class Representative or any Loan-Specific Controlling Class Certificateholder, such Person is or is not a Borrower Party
as to any identified Excluded Controlling Class Mortgage Loan, and (B) except in the case of a Serviced Companion Loan Holder or
its Companion Loan Holder Representative, such Person has received a copy of the Prospectus, which certificate shall be substantially
in the form of Exhibit M-1A, Exhibit M-1B, Exhibit M-1C, Exhibit M-1D
or Exhibit M-1E to this Agreement or in the form of an electronic certification contained on the Certificate Administrator’s
Website, and/or (ii) for purposes of exercising Voting Rights (which does not apply to a prospective purchaser of a Certificate or
Loan-Specific Certificate, the Uncertificated VRR Interest Owner or a Serviced Companion Loan Holder or its Companion Loan Holder Representative),
(A) (1) such Person is not a Borrower Party or (2) in the case of the Controlling Class Representative, any Controlling Class Certificateholder,
a Loan-Specific Controlling Class Representative or any Loan-Specific Controlling Class Certificateholder, such Person
is a Borrower Party as to any identified Excluded Controlling Class Mortgage Loan, (B) such Person is or is not the Depositor, the
Master Servicer, the Special Servicer, an Excluded Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating
Advisor, the Asset Representations Reviewer, a Mortgage Loan Seller or an Affiliate of any of the foregoing and (C) such Person has
received a copy of the Prospectus, which certificate shall be substantially in the form of Exhibit M-2A or Exhibit M-2B
to this Agreement or in the form of an electronic certification (which may be a click-through confirmation) contained on the Certificate
Administrator’s Website or the Master Servicer’s website. The Certificate Administrator may require that Investor Certifications
are resubmitted from time to time in accordance with its policies and procedures. For the avoidance of doubt if a Borrower Party is the
Directing Holder, a Controlling Class Certificateholder or a Loan-Specific Controlling Class Certificateholder, such Person
(A) shall be prohibited from having access to the Excluded Information solely with respect to the related Excluded Controlling Class Mortgage
Loan and (B) shall not be permitted to exercise voting or control, consultation and/or special

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servicer appointment rights as a member of
the Controlling Class solely with respect to the related Excluded Controlling Class Mortgage Loan.

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

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

“IRS”:
The Internal Revenue Service.

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

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

“Liquidation Expenses”:
All customary, reasonable and necessary costs and expenses incurred by the Master Servicer, the Special Servicer, the Certificate Administrator
and the Trustee in connection with the liquidation of any Specially Serviced Loan or REO Property

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acquired in respect thereof or final payoff
of a Corrected Loan (including, without limitation, legal fees and expenses, committee or referee fees, and, if applicable, brokerage
commissions, and conveyance taxes associated with such Mortgage Loan or Mortgaged Property).

“Liquidation Fee”:
(i) With respect to each Specially Serviced Loan as to which the Special Servicer receives a full or discounted payoff (or unscheduled
partial payment to the extent such prepayment is required by the Special Servicer as a condition to a workout) from the related Mortgagor,
(ii) except as otherwise described below, with respect to any Serviced Mortgage Loan (or Serviced Whole Loan, if applicable) repurchased
or substituted, or with respect to which a Loss of Value Payment is made, as contemplated by Section 2.03 of this Agreement,
and (iii) with respect to any Specially Serviced Loan or any REO Property (other than an REO Property related to an Outside Serviced Mortgage
Loan) as to which the Special Servicer receives Liquidation Proceeds (including through a trustee’s sale, foreclosure sale or otherwise),
Insurance Proceeds or Condemnation Proceeds, an amount calculated by the application of the applicable Liquidation Fee Rate to the related
payment or proceeds (exclusive of any portion of such payoff or proceeds that represents Penalty Charges); provided that the Liquidation
Fee with respect to such Specially Serviced Loan or REO Property shall be reduced by the amount of any Excess Modification Fees paid by
or on behalf of the related Mortgagor with respect to the Specially Serviced Loan or REO Property as described in the definition of “Excess
Modification Fees” in this Agreement, but only to the extent those fees have not previously been deducted from a Workout Fee
or Liquidation Fee; provided, however, that, except as contemplated by the preceding proviso with respect to offset in connection
with Excess Modification Fees and the next two (2) provisos, no Liquidation Fee will be less than $25,000 with respect to any Serviced
Mortgage Loan (or related Serviced Whole Loan, if applicable); provided, further, that (a) the Liquidation Fee shall
be zero with respect to any Serviced Mortgage Loan or Serviced Whole Loan or any Mortgaged Property purchased, repurchased or substituted
for pursuant to clauses (iii) through (v) of the first sentence of the definition of Liquidation Event (unless with respect to (A) clause (iii),
the applicable Mortgage Loan Seller does not repurchase or substitute for such Mortgage Loan until after more than 120 days following
its receipt of notice or discovery of the Material Defect that gave rise to the particular repurchase or substitution obligation, and
(B) clause (v), the applicable mezzanine loan holder (based on a purchase option set forth under the related intercreditor agreement)
or the applicable Subordinate Companion Loan Holder (based on a purchase option set forth under the related Co-Lender Agreement) does
not purchase such Serviced Mortgage Loan or Serviced Whole Loan within 90 days of the date that the first purchase option related
to the subject Servicing Transfer Event first becomes exercisable under the related intercreditor agreement or the related Co-Lender
Agreement, as applicable) or pursuant to clauses (ii) or (iv) of the second sentence of the definition of Liquidation Event
(unless with respect to clause (iv), the applicable mezzanine loan holder (based on a purchase option set forth under the related
intercreditor agreement) or the applicable Subordinate Companion Loan Holder (based on a purchase option set forth under the related Co-Lender
Agreement) does not purchase such REO Property within 90 days of the date that the first purchase option related to the subject Servicing
Transfer Event first becomes exercisable under the related intercreditor agreement or the related Co-Lender Agreement, as applicable),
(b) the Liquidation Fee shall be zero with respect to any Serviced Mortgage Loan or Serviced Whole Loan or any Mortgaged Property
with respect to which a Loss of Value Payment is made as contemplated by Section 2.03(a) of this Agreement unless the applicable
Mortgage Loan Seller does not make the particular Loss of Value Payment with respect to such Mortgage Loan until after more than 120 days
following its receipt of notice

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or discovery of the Material Defect that gave
rise to the payment of the particular Loss of Value Payment, and (c) the Liquidation Fee with respect to each Serviced Mortgage Loan
or REO Mortgage Loan repurchased or substituted for after more than 120 days following the Mortgage Loan Seller’s receipt of
notice or discovery of a Material Defect shall be in an amount equal to the Liquidation Fee Rate of the outstanding principal balance
of such Serviced Mortgage Loan or REO Mortgage Loan; provided, further that if a Serviced Mortgage Loan or Serviced Whole
Loan becomes a Specially Serviced Loan only because of an event described in clause (a)(ii) of the definition of Specially Serviced
Loan as a result of a payment default at maturity and the related Liquidation Proceeds or payment are received within 90 days following
the related default in connection with the full and final payoff or refinancing of the related Serviced Mortgage Loan or Serviced Whole
Loan, if applicable, the Special Servicer will not be entitled to collect a Liquidation Fee, but may collect and retain appropriate fees
from the related Mortgagor in connection with such liquidation. For the avoidance of doubt, no Liquidation Fee is payable in connection
with an optional termination of the Trust (or any Trust Subordination Companion Loan REMIC) pursuant to Section 9.01.

“Liquidation Fee
Rate”: A rate equal to the lesser of (a) 1.0% or (b) with respect to any Serviced Mortgage Loan (or related Serviced Whole Loan,
if applicable), such lesser rate as would result in a Liquidation Fee of $1,000,000; provided, however, that except as contemplated
in the definition of “Liquidation Fee”, no Liquidation Fee with respect to any Serviced Mortgage Loan (or related Serviced
Whole Loan, if applicable) will be less than $25,000.

“Liquidation Proceeds”:
The amount (other than Insurance Proceeds and Condemnation Proceeds) received in connection with (i) a full or discounted payoff (or unscheduled
partial payment to the extent such prepayment is required by the Special Servicer as a condition to a workout) with respect to a Specially
Serviced Loan, (ii) a Liquidation Event, (iii) the transfer of any Loss of Value Payments from the Loss of Value Reserve Fund to
the Collection Account in accordance with Section 3.06(c) of this Agreement (provided that, for the purpose of determining
the amount of the Liquidation Fee (if any) payable to the Special Servicer in connection with such Loss of Value Payment, the full amount
of such Loss of Value Payment shall be deemed to constitute “Liquidation Proceeds” from which the Liquidation Fee (if any)
is payable as of such time such Loss of Value Payment is made by the applicable Mortgage Loan Seller) or (iv) the transfer of any Threshold
Event Collateral to the related Whole Loan Custodial Account pursuant to Section 3.28(e) of this Agreement.

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

“Loan Documents”:
With respect to any Mortgage Loan, or Serviced Whole Loan, the documents executed or delivered in connection with the origination or any
subsequent modification of such Mortgage Loan or Serviced Whole Loan, as applicable, or subsequently added to the related Mortgage File,
and any related Co-Lender Agreement and/or intercreditor agreement.

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

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

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

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

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

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

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“Loan-Specific
Certificates”: The Yorkshire & Lexington Towers Loan-Specific Certificates.

“Loan-Specific Control
Eligible Certificates”: The Yorkshire & Lexington Towers Control Eligible Certificates.

“Loan-Specific Control
Termination Event”: With respect to the Yorkshire & Lexington Towers Whole Loan and the Loan-Specific Certificates, the
Yorkshire & Lexington Towers Control Termination Event.

“Loan-Specific Controlling
Class”: The Yorkshire & Lexington Towers Controlling Class.

“Loan-Specific Controlling
Class Certificate”: A Loan-Specific Certificate of the Loan-Specific Controlling Class.

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

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

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“Loan-Specific
Principal Balance Certificates”: The Yorkshire & Lexington Towers Loan-Specific Principal Balance Certificates.

“Loan-Specific Retaining
Third Party Purchaser”: A “third party purchaser” (as defined in Rule 7 of Regulation RR) that is the holder of
risk retention in the form of an “eligible horizontal residual interest” in accordance with Rule 7 of Regulation RR as part
of an EHRI Trust Subordinate Companion Loan Securitization.

“Loan-Specific Voting
Rights”: The portion of the voting rights of all of the Loan-Specific Certificates in the aggregate that is allocated to any
Loan-Specific Certificate or Class of Loan-Specific Certificates. At all times during the term of this Agreement, 100% of the Loan-Specific
Voting Rights shall be allocated to the Loan-Specific Principal Balance Certificates, and the percentage of Loan-Specific Voting Rights
allocated to any particular Class of Loan-Specific Principal Balance Certificates shall equal a fraction, the numerator of which is equal
to the Certificate Balance of such Class Loan-Specific Principal Balance Certificates as of the date of determination, and the denominator
of which is equal to the aggregate of the Certificate Balances of all Classes of the Loan-Specific Principal Balance Certificates, in
each case as of the date of determination (provided that, if, but only if, expressly so provided herein in any circumstance, the
allocation or exercise of Loan-Specific Voting Rights for any particular purpose shall take into account the allocation of Appraisal Reduction
Amounts to notionally reduce Certificate Balances).

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

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

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

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

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

“Lower-Tier
Principal Balance”: The principal amount of any Lower-Tier Regular Interest outstanding as of any date of determination.
As of the Closing Date, the Lower-Tier

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

“Lower-Tier
Regular Interests”: The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1),
in the Lower-Tier REMIC, designated as the Class LA-1, Class LA-2, Class LA-4, Class LA-5, Class LA-SB,
Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG, Class LH and Class LVRR Lower-Tier
Regular Interests.

“Lower-Tier
REMIC”: A segregated asset pool within the Trust Fund consisting of the Mortgage Loans and collections thereon (other than Excess
Interest), any related REO Property (or a beneficial interest in the applicable portion of the “REO Property” under the applicable
Outside Servicing Agreement related to any Outside Serviced Mortgage Loan) acquired in respect thereof and all proceeds of such REO Property
allocable to the related Mortgage Loan, other property of the Trust Fund related thereto and amounts (other than Excess Interest and any
interest or other income earned thereon) held in respect thereof from time to time in the Collection Account, any Serviced Whole Loan
Custodial Account, the Interest Reserve Account and the related REO Account, and amounts held from time to time in the Lower-Tier
REMIC Distribution Account and the Excess Liquidation Proceeds Reserve Account, in each case excluding the beneficial interest of any
Companion Loan Holder in an REO Property and any amounts allocable to the Companion Loans and any interest or other income earned on such
amounts allocable to the Companion Loans. Any Threshold Event Collateral posted by a Serviced Subordinate Companion Loan Holder will be
part of the Trust Fund but not part of the Grantor Trust or any Trust REMIC.

“Lower-Tier
REMIC Distribution Account”: The account or accounts created and maintained as a separate account (or separate sub-account
within the same account as another Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b)
of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled
“Computershare Trust Company, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association,
as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through
Certificates, Series 2022-GC48, and the Uncertificated VRR Interest Owner, Lower-Tier REMIC Distribution Account” and which
must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.

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

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“MAI”:
Member of the Appraisal Institute.

“Major Decision”:
Collectively:

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

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

(c)       any
sale of a Serviced Mortgage Loan that is a Defaulted Mortgage Loan (and any related Serviced Companion Loan) or REO Property (other than
in connection with the termination of the Trust Fund) for less than the applicable Purchase Price;

(d)       any
determination to bring an REO Property into compliance with applicable environmental laws or to otherwise address Hazardous Materials
located at an REO Property or any approval of a Mortgagor’s determination to bring a Mortgaged Property into compliance with applicable
environmental laws or to otherwise address Hazardous Materials located at a Mortgaged Property, to the extent the lender is required to
consent to, or approve, any such determination by the Mortgagor under the related Loan Documents;

(e)       any
release of collateral or any acceptance of substitute or additional collateral for a Serviced Loan, or any consent to either of the foregoing,
unless such action is otherwise required pursuant to the specific terms of the related Serviced Loan and there is no lender discretion;

(f)          any
waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to a Serviced Loan or, if
lender consent is required, any consent to such waiver or consent to a transfer of the Mortgaged Property or interests in the Mortgagor
(including any interests in any applicable mezzanine borrower) or consent to the incurrence of additional debt, other than any such transfer
or incurrence of debt as may be effected pursuant to the terms of the related loan agreement and without the consent of the lender under
the related loan agreement and for which there is no lender discretion;

(g)       any
approval of property management company changes or franchise changes, in each case to the extent the lender is required to consent to,
or approve, such changes under the related Loan Documents, provided that with respect to property management company changes (i) the
Serviced Loan has an outstanding principal balance greater than $2,500,000, or (ii) the successor property manager is affiliated
with the related Mortgagor;

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(h)       releases
of any holdback amounts, escrow accounts, reserve accounts or letters of credit held as performance or “earn-out” holdbacks,
escrows or reserves, other than those required pursuant to the specific terms of the related Serviced Loan and for which there is no lender
discretion (for the avoidance of doubt the determination of whether conditions precedent to a Mortgagor’s right to obtain release
have been satisfied will be a matter of lender discretion), but solely with respect to any Specified Mortgage Loans);

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

(j)         any
acceleration of a Serviced Loan or the exercise of any other remedy following a default or an event of default with respect to a Serviced
Loan, any initiation of judicial, bankruptcy or similar proceedings under the related Loan Documents or with respect to the related Mortgagor
or Mortgaged Property;

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

(l)         any
modification, waiver or amendment of an intercreditor agreement, Co-Lender Agreement or similar agreement (other than with respect
to amendments to split or re-size notes consistent with the terms of the subject Co-Lender Agreement and as to which the consent of the
holder of the related Mortgage Loan is not required), in each case entered into with any mezzanine lender or Companion Loan Holder or
subordinate debt holder related to a Serviced Loan, or an action to enforce rights with respect thereto and in each case, in a manner
that materially and adversely affects the Holders of the Control Eligible Certificates or (provided that (i) no related Control Appraisal
Period exists or is deemed to exist with respect to the Trust Subordinate Companion Whole Loan and (ii) no Loan-Specific Control Termination
Event has occurred and is continuing) the Holders of the Loan-Specific Control Eligible Certificates;

(m)       any
determination of an Acceptable Insurance Default;

(n)       in
the case of any Specially Serviced Loan, approval of any waiver regarding the receipt of financial statements (other than immaterial timing
waivers including late financial statements which in no event relieve any Mortgagor of the obligation to provide financial statements
on at least a quarterly basis) following three consecutive late deliveries of financial statements;

(o)       in
the case of any Specially Serviced Loan, any modification, waiver or amendment of any lease, the execution of any new lease or the granting
of a subordination, non-disturbance and attornment agreement in connection with any lease (other than a Ground Lease) at a Mortgaged Property
or REO Property, if (a) the lease affects an area greater than or equal to 30% of the net rentable area of the improvements at the Mortgaged
Property or (b) such transaction is not a routine leasing matter, provided, that if lender consent is not required for such transaction
pursuant to the related Loan Documents or

    	 	- 82 -	 

     

    

there is no lender discretion in connection
with such transaction, such transaction will not constitute a Major Decision;

(p)       any
consent to incurrence of additional debt by a Mortgagor or mezzanine debt by a direct or indirect parent of a Mortgagor, other than such
debt that is permitted pursuant to the specific terms of the related Serviced Loan and for which there is no lender discretion (for the
avoidance of doubt, the determination of whether conditions precedent to the right to incur additional debt or additional mezzanine debt
will not be a matter of lender discretion);

(q)       in
the case of any Specially Serviced Loan, any approval of or consent to a grant of an easement or right of way that materially affects
the use or value of a Mortgaged Property or a Mortgagor’s ability to make payments with respect to such Specially Serviced Loan;

(r)        agreeing
to any modification, waiver, consent or amendment of the related Serviced Loan in connection with a defeasance if such proposed modification,
waiver, consent or amendment is with respect to (i) a waiver of a mortgage loan event of default (but excluding non-monetary events of
default other than defaults relating to transfers of interest in the Mortgagor or the existing collateral or material modifications of
the existing collateral) that would permit the defeasance of the subject Serviced Loan, (ii) a modification of the type of defeasance
collateral required under the related Loan Documents such that defeasance collateral other than direct, non-callable obligations of the
United States would be permitted or (iii) a modification that would permit a principal prepayment instead of defeasance if the applicable
Loan Documents do not otherwise permit such principal prepayment; and

(s)        determining
whether to permit any Ground Lease modification, amendment or subordination, non-disturbance and attornment agreement or entry into a
new Ground Lease other than pursuant to the specific terms of the Serviced Loan and for which there is no lender discretion;

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

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

    	 	- 83 -	 

     

    

to exercise any consultation or consent rights
available to such party under this Agreement. For the avoidance of doubt, the Special Servicer may provide the information described in
clauses (a)(i) and (a)(ii) above in the form of an Asset Status Report.

“Majority-Owned
Affiliate”: A “majority-owned affiliate” as defined under Regulation RR.

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

“Master Servicer”:
Midland Loan Services, a Division of PNC Bank, National Association, a national banking association, or its successor in interest, or
any successor Master Servicer appointed as herein provided.

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

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

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

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

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

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

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

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

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

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

    	 	- 84 -	 

     

    

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

(b)       except
as expressly contemplated by the related Loan Documents, results in a release of the lien of the related Mortgage on any material portion
of the related Mortgaged Property without a corresponding Principal Prepayment in an amount, or the delivery of substitute real property
collateral with a fair market value (as is), that is not less than the fair market value (as is) of the property to be released, as determined
by an appraisal delivered to the Special Servicer (at the expense of the related Mortgagor and upon which the Special Servicer may conclusively
rely); or

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

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

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

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

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

(1)       (A)
the original executed Note for such Mortgage Loan (and, in the case of the Yorkshire & Lexington Towers Mortgage Loan, the original
executed Mortgage Note

    	 	- 85 -	 

     

    

for the Trust Subordinate Companion Loan),
endorsed on its face or by allonge thereto (without recourse, representation or warranty, express or implied) to the order of “Wilmington
Trust, National Association, as Trustee, on behalf of the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial
Mortgage Pass-Through Certificates, Series 2022-GC48 and the Uncertificated VRR Interest Owner” or in blank, and further showing
a complete, unbroken chain of endorsement from the originator (if such originator is not the applicable Mortgage Loan Seller) (or,
alternatively, if the original executed Note has been lost, a lost note affidavit and indemnity with a copy of such Note), and (B) if
such Mortgage Loan is part of a Serviced Whole Loan, a copy of the executed Note for each related Serviced Companion Loan held outside
the Trust;

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

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

(4)       an
original executed assignment, in recordable form (except for missing recording information not yet available if the instrument being assigned
has not been returned from the applicable recording office), of (A) the Mortgage and (B) any related Assignment of Leases (if
such item is a document separate from the Mortgage), in favor of “Wilmington Trust, National Association, as Trustee, on behalf
of the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series
2022-GC48 and the Uncertificated VRR Interest Owner [and the holder of the related Serviced Companion Loan, as their interests may appear]”
or in blank, or a copy of such assignment if the related Mortgage Loan Seller or its designee, rather than the Trustee, is responsible
for recording such assignment; provided, however, that with respect to a Servicing Shift Mortgage Loan, each such assignment shall be
executed in blank until the earliest of (A) the related Servicing Shift Date, (B) such Servicing Shift Mortgage Loan becoming a Specially
Serviced Mortgage Loan, and (C) 180 days after the Closing Date;

(5)       the
original assignment of all unrecorded documents relating to the Mortgage Loan (or the related Serviced Whole Loan, if applicable), in
favor of “Wilmington Trust, National Association, as Trustee, on behalf of the registered Holders of Citigroup Commercial Mortgage
Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48 and the Uncertificated VRR Interest Owner [and the
holder of the related Serviced Companion Loan, as their interests may appear]”; provided, however, that with respect to a Servicing
Shift Mortgage Loan, each such assignment shall be executed in blank until the earliest of (A) the related Servicing Shift Date,
(B) such Servicing Shift Mortgage Loan becoming a Specially Serviced Mortgage Loan, and (C) 180 days after the Closing Date;

    	 	- 86 -	 

     

    

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

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

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

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

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

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

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

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

(14)       an
original assignment of the related security agreement (if such item is a document separate from the Mortgage and if such item is not included
in the assignment described in clause (5)), in favor of “Wilmington Trust, National Association, as Trustee, on behalf of the
registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48
and the Uncertificated VRR Interest Owner [and the holder of the related Serviced Companion Loan, as their interests may appear]”;
provided, however, that with respect to a Servicing Shift Mortgage Loan, each such assignment shall be executed in blank until the earliest
of (A) the related Servicing Shift Date, (B) such Servicing Shift Mortgage Loan becoming a Specially Serviced Mortgage Loan, and (C) 180 days
after the Closing Date;

(15)     any
filed copies (bearing evidence of filing) or evidence of filing of any UCC financing statements in favor of the originator of such Mortgage
Loan (or the related Serviced Whole Loan, if applicable) or in favor of any assignee prior to the Trustee, and

    	 	- 87 -	 

     

    

an original UCC-3 assignment thereof,
in form suitable for filing, in favor of the Trustee (or, in each case, a copy thereof, certified to be the copy of such assignment submitted
or to be submitted for filing);

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

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

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

(19)     copies
of any related franchise agreement, property management agreement or hotel management agreement and related comfort letters (together
with (i) copies of any notices of transfer that are necessary to transfer or assign to the Trust or the Trustee the benefits of such comfort
letter or (ii) if the related comfort letter contemplates that a request be made of the related franchisor to issue a replacement comfort
letter for the benefit of the Trust or Trustee, a copy of the notice requesting the issuance of such replacement comfort letter (the copy
of such notice shall be delivered by the related Mortgage Loan Seller to the Custodian for inclusion in the Mortgage File within the time
period set forth in the penultimate paragraph of Section 2.01(b)), with the original of any replacement comfort letter to be included
in the Mortgage File following receipt thereof by the Master Servicer) and/or estoppel letters relating to such Mortgage Loan or the related
Serviced Whole Loan and any related assignment thereof; and

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

provided that, whenever the term “Mortgage
File” is used to refer to documents actually received by the Certificate Administrator or a Custodian appointed thereby, such term
shall not be deemed to include such documents and instruments required to be included therein unless they are actually so received. For
the avoidance of doubt, references to the Mortgage File for any Trust Subordinate Companion Loan(s) shall refer to the Mortgage File for
the related Mortgage Loan, and shall include the Mortgage Note(s) evidencing such Trust Subordinate Companion Loan.

“Mortgage Loan”:
Each of the mortgage loans transferred and assigned to the Trustee pursuant to Section 2.01 and from time to time held in
the Trust Fund (other than the Trust Subordinate Companion Loan), the mortgage loans originally so transferred, assigned and held being
identified on the Mortgage Loan Schedule as of the Cut-Off Date. Such term shall include any Specially Serviced Mortgage Loan, REO
Mortgage Loan or defeased Mortgage Loan and each Outside Serviced Mortgage Loan (but not the Companion Loans). For the avoidance of doubt,
no Retained Defeasance Rights and Obligations will be part of a “Mortgage Loan” or an asset of the Trust. Notwithstanding
anything to the contrary in this Agreement, with respect to each Co-sponsored Mortgage Loan (which consists of two or more separate notes
contributed to the Trust by the related Applicable Co-sponsors), the term “Mortgage Loan” shall mean the entire such Co-

    	 	- 88 -	 

     

    

sponsored Mortgage Loan, except that: (i) for
the purposes of determining any rights or obligations of CREFI with respect to each CREFI Co-sponsored Mortgage Loan under this Agreement
or the CREFI Mortgage Loan Purchase Agreement, except as otherwise provided in Section 11.02(b), the term “Mortgage Loan”
shall refer to the portion of such CREFI Co-sponsored Mortgage Loan evidenced by the applicable CREFI Co-sponsored Note and such promissory
note(s) shall be treated like a separate Mortgage Loan; (ii) for the purposes of determining any rights or obligations of SMC with respect
to each SMC Co-sponsored Mortgage Loan under this Agreement or the SMC Mortgage Loan Purchase Agreement, except as otherwise provided
in Section 11.02(b), the term “Mortgage Loan” shall refer to the portion of such SMC Co-sponsored Mortgage Loan evidenced
by the applicable SMC Co-sponsored Note and such promissory note(s) shall be treated like a separate Mortgage Loan; and (iii) for the
purposes of determining any rights or obligations of BMO with respect to each BMO Co-sponsored Mortgage Loan under this Agreement or the
BMO Mortgage Loan Purchase Agreement, except as otherwise provided in Section 11.02(b), the term “Mortgage Loan” shall
refer to the portion of such BMO Co-sponsored Mortgage Loan evidenced by the applicable BMO Co-sponsored Note and such promissory note(s)
shall be treated like a separate Mortgage Loan.

“Mortgage Loan Purchase
Agreement”: The CREFI Mortgage Loan Purchase Agreement, the GSMC Mortgage Loan Purchase Agreement, the SMC Mortgage Loan Purchase
Agreement or the BMO Mortgage Loan Purchase Agreement, as applicable.

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

(i)         the
Loan Number;

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

(iii)       the
Cut-Off Date Balance;

(iv)      the
original Mortgage Rate;

(v)       the
(A) remaining term to maturity/ARD and (B) Maturity Date/ARD;

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

(vii)     the
Servicing Fee Rate (which may be presented as consisting of the following separate components: “Master Servicing Fee Rate (%)”,
“Primary Servicing Fee Rate (%)”, “Subservicing Fee Rate (%)” and “Outside Servicing Fee Rate (%)”)
(separately identifying any primary servicing fee rate or subservicing fee rate included in the Servicing Fee Rate, and in the case of
a Serviced Whole Loan, separately identifying the Servicing Fee Rate applicable to the related Serviced Companion Loan in such Serviced
Whole Loan, and in the case of an Outside Serviced Mortgage Loan, separately identifying the primary servicing fee rate payable to the
Outside Servicer);

(viii)     the
Mortgage Loan Seller(s);

    	 	- 89 -	 

     

    

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

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

(xi)       the
ARD Mortgage Loan final Maturity Date, if applicable;

(xii)      the
Revised Rate, if applicable;

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

(xiv)    whether
the related Mortgaged Property is in a flood zone and, if applicable, the flood zone code thereof.

“Mortgage Loan Seller”:
Each of CREFI, GSMC, SMC and BMO, and their respective successors in interest.

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

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

“Mortgage Rate”:
With respect to any Mortgage Loan (including an REO Mortgage Loan) or Serviced Companion Loan (including an REO Companion Loan), the per
annum rate at which interest accrues (or, if and while it is an REO Mortgage Loan or REO Companion Loan, is deemed to accrue) on such
Mortgage Loan or Serviced Companion Loan, as the case may be, as stated in the related Note or Co-Lender Agreement, in each case without
giving effect to the Default Rate, any Excess Interest or any Revised Rate with respect to such Mortgage Loan or Serviced Companion Loan,
as the case may be.

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

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

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

“Net Condemnation
Proceeds”: The Condemnation Proceeds received with respect to any Mortgage Loan or Serviced Companion Loan (including an REO
Mortgage Loan or REO Companion Loan) net of the amount of (i) costs and expenses incurred with respect thereto and (ii) amounts
required to be applied to the restoration or repair of the related Mortgaged Property; provided that, in the case of an Outside
Serviced Mortgage Loan, “Net Condemnation Proceeds” under this Agreement shall be limited to any related Condemnation Proceeds
that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the
related Co-Lender Agreement.

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

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

“Net Mortgage Rate”:
With respect to any Mortgage Loan (including any successor REO Mortgage Loan with respect thereto) or Trust Subordinate Companion Loan
(including any successor REO Companion Loan with respect thereto), the per annum rate equal to the related Mortgage Rate minus
the related Administrative Cost Rate.

“Net Mortgage Pass-Through
Rate”: (a) With respect to any Mortgage Loan (including any successor REO Mortgage Loan with respect thereto) or Trust
Subordinate Companion Loan (including any successor REO Companion Loan with respect thereto) that accrues interest on a 30/360 Basis,
for any Distribution Date, the Net Mortgage Rate in effect for such Mortgage Loan or Trust Subordinate Companion Loan during the one-month
accrual period applicable to the Due Date for such Mortgage Loan or Trust Subordinate Companion Loan that occurs in the same month as
that Distribution Date; and (b) with respect to any Mortgage Loan (including any successor REO Mortgage Loan with respect thereto)
or Trust Subordinate Companion Loan (including any successor REO Companion Loan with respect thereto) that accrues interest on an Actual/360
Basis, for any Distribution Date, the annualized rate at which interest would have to accrue in respect of such Mortgage Loan or Trust
Subordinate Companion Loan on a 30/360 Basis in order to produce the aggregate amount of interest actually accrued (or, in the event of
a voluntary or involuntary principal prepayment affecting same, that otherwise would have accrued) in respect of such Mortgage Loan or
Trust Subordinate Companion Loan (adjusted to the related Net Mortgage Rate and, if applicable, exclusive of any Excess Interest) during
the one-month accrual period applicable to the Due Date for such Mortgage Loan or Trust

    	 	- 91 -	 

     

    

Subordinate Companion Loan that occurs in the
same month as that Distribution Date. However, with respect to each Mortgage Loan or Trust Subordinate Companion Loan that accrues interest
on an Actual/360 Basis, when determining: (i) the related Net Mortgage Pass-Through Rate for the Distribution Date in January
(except during a leap year) or February of any year beginning in 2023 (in any event unless that Distribution Date is the final Distribution
Date), the “aggregate amount of interest actually accrued (or, in the event of a voluntary or involuntary principal prepayment affecting
same, that otherwise would have accrued)”, as referred to in clause (b) of the preceding sentence, shall be deemed to exclude
related Withheld Amounts to be transferred to the Interest Reserve Account in such month; and (ii) the related Net Mortgage Pass-Through
Rate for the Distribution Date in March (or in February if the final Distribution Date occurs in such particular month of February) in
any year, beginning in 2023, the “aggregate amount of interest actually accrued (or, in the event of a voluntary or involuntary
principal prepayment affecting same, that otherwise would have accrued)”, as referred to in clause (b) of the preceding sentence,
shall be deemed to include related Withheld Amounts to be deposited in the Lower-Tier REMIC Distribution Account (or the related Trust
Subordinate Companion Loan REMIC Distribution Account, if applicable) for distribution on such Distribution Date. In addition, the Net
Mortgage Pass-Through Rate with respect to any Mortgage Loan or Trust Subordinate Companion Loan for any Distribution Date shall be
determined without regard to: (i) any modification, waiver or amendment of the terms of such Mortgage Loan or Trust Subordinate Companion
Loan, whether agreed to by the Master Servicer, the Special Servicer, an Outside Servicer or an Outside Special Servicer or resulting
from a bankruptcy, insolvency or similar proceeding involving the related borrower; (ii) the occurrence and continuation of a default
under such Mortgage Loan or Trust Subordinate Companion Loan; (iii) the passage of the related maturity date or, in the case of an
ARD Mortgage Loan, the related Anticipated Repayment Date; and (iv) the related Mortgaged Property becoming an REO Property.

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

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

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

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

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“Non-Conforming
Policy”: As defined in Section 3.08(a) of this Agreement.

“Non-Exempt Person”
shall mean any Person other than a Person who either (i) is a U.S. person or (ii) has provided to the Certificate Administrator
for the relevant year such duly executed form(s) or statement(s) which may, from time to time, be prescribed by law and which, pursuant
to applicable provisions of (A) any income tax treaty between the United States and the country of residence of such Person, (B) the
Code or (C) any applicable rules or regulations in effect under clauses (A) or (B) above, permit the Certificate
Administrator to make such payments free of any obligation or liability for withholding, provided that duly executed form(s) provided
to the Certificate Administrator pursuant to Section 5.03(o)(ii), shall be sufficient to evidence that such providing Person is
not a Non-Exempt Person.

“Non-Reduced
Certificates”: As of any date of determination, any Class of Principal Balance Certificates then outstanding for which
(a)(1) the initial Certificate Balance of such Class of Certificates minus (2) the sum (without duplication) of
(x) the aggregate payments of principal (whether as principal prepayments or otherwise) previously distributed to the Holders of
such Class of Certificates as of such date of determination, (y) any Appraisal Reduction Amounts allocated to such Class of
Certificates as of such date of determination and (z) any applicable Realized Losses previously allocated to such Class of Certificates
as of such date of determination, is equal to or greater than (b) 25% of the remainder of (i) the initial Certificate Balance
of such Class of Certificates less (ii) any payments of principal (whether as principal prepayments or otherwise) previously
distributed to the Holders of that Class of Certificates as of such date of determination.

“Non-Reduced Loan-Specific
Certificates”: As of any date of determination, any Class of Loan-Specific Principal Balance Certificates then outstanding for
which (a) (1) the initial Certificate Balance of such Class of Loan-Specific Principal Balance Certificates minus (2) the sum (without
duplication) of (x) the aggregate payments of principal (whether as principal prepayments or otherwise) previously distributed to the
Holders of such Class of Loan-Specific Principal Balance Certificates as of such date of determination, (y) any Appraisal Reduction Amounts
allocated to such Class of Loan-Specific Principal Balance Certificates as of the date of determination and (z) any applicable Realized
Losses previously allocated to such class of Loan-Specific Principal Balance Certificates, is equal to or greater than (b) 25% of the
remainder of (i) the initial Certificate Balance of such Class of Loan-Specific Principal Balance Certificates less (ii) any payments
of principal (whether as principal prepayments or otherwise) previously distributed to the Holders of such Class of Loan-Specific Principal
Balance Certificates.

“Non-Specially
Serviced Loan”: A Trust Loan that is not, and is not part of, a Specially Serviced Loan.

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

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

“Non-Vertically
Retained Percentage”: An amount expressed as a percentage equal to 100% less the Vertically Retained Percentage. For the avoidance
of doubt, at all times, the sum

    	 	- 93 -	 

     

    

of the Vertically Retained Percentage and the
Non-Vertically Retained Percentage shall equal 100%.

“Non-Vertically
Retained Available Funds”: With respect to any Distribution Date, an amount equal to the Non-Vertically Retained Percentage
of the Aggregate Available Funds for such Distribution Date.

“Non-Vertically
Retained Certificates”: All Certificates other than the Class VRR Certificates.

“Non-Vertically
Retained Principal Balance Certificates”: All Principal Balance Certificates other than the Class VRR Certificates.

“Non-Vertically
Retained Regular Certificates”: The Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB,
Class X-A, Class X-D, Class X-F, Class X-G, Class X-H, Class A-S, Class B,
Class C, Class D, Class E, Class F, Class G and Class H Certificates, collectively.

“Non-Vertically
Retained Yield Maintenance Charge”: As defined in Section 4.01(d)(ii).

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

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

    	 	- 94 -	 

     

    

Mortgage Loan with respect thereto) or such
Subordinate Trust Companion Loan (or any successor REO Companion Loan with respect thereto), as the case may be.

“Nonrecoverable
Property Advance”: Any Property Advance (including any Emergency Advance) previously made or proposed to be made in respect
of a Serviced Mortgage Loan, Serviced Whole Loan or REO Property by the Master Servicer, the Special Servicer or the Trustee, which Property
Advance the advancing party (or, in the case of an Emergency Advance made by the Special Servicer pursuant to the proviso to the penultimate
sentence of Section 3.20(e), the reimbursing party) or, if different, the Special Servicer has determined pursuant to and
in accordance with Section 3.20 of this Agreement, would not or will not, as applicable, be ultimately recoverable from late
payments, Insurance Proceeds, Condemnation Proceeds, Liquidation Proceeds, or any other recovery on or in respect of such Serviced Mortgage
Loan, Serviced Whole Loan or REO Property, as the case may be. Any Property Advance (including any Emergency Advance) that is not required
to be repaid by the related Mortgagor under the terms of the related Loan Documents shall be deemed to be a Nonrecoverable Advance for
purposes of the Master Servicer’s, the Special Servicer’s or the Trustee’s entitlement to reimbursement for such Advance.
In the case of an Outside Serviced Mortgage Loan or any related REO Property, the term “Nonrecoverable Property Advance” shall
have the meaning assigned thereto in the Outside Servicing Agreement.

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

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

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

“Notional Amount”:
For any date of determination, (a) with respect to the Class X-A Certificates, the Class X-A Notional Amount, (b)
with respect to the Class X-D Certificates, the Class X-D Notional Amount; (c) with respect to the Class X-F
Certificates, the Class X-F Notional Amount, (d) with respect to the Class X-G Certificates, the Class X-G
Notional Amount, and (e) with respect to the Class X-H Certificates, the Class X-H Notional Amount.

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

“NRSRO Certification”:
A certification executed by an NRSRO (other than a Rating Agency) in favor of the Rule 17g-5 Information Provider substantially
in the form attached as Exhibit M-5 hereto that states that such NRSRO has provided the Depositor with the appropriate
certifications pursuant to paragraph (e) of Rule 17g-5 under the Exchange Act and that such NRSRO will keep any information
obtained from the Rule 17g-5 Information Provider’s Website

    	 	- 95 -	 

     

    

confidential, except to the extent such information
has been made available to the general public. Each NRSRO shall be deemed to recertify to the foregoing each time it accesses the Rule 17g-5
Information Provider’s Website.

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

“Offering Circular”:
The offering circular dated June 6, 2022 relating to the Private Certificates (other than the Class VRR Certificates, the Class S
Certificates and the Loan-Specific Certificates).

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

“One Wilshire Mortgage
Loan”: The Mortgage Loan secured by the Mortgaged Property identified on the Mortgage Loan Schedule as One Wilshire.

“Operating Advisor”:
Park Bridge Lender Services LLC, a New York limited liability company, or its successor in interest, or any successor Operating Advisor
appointed as herein provided.

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

“Operating Advisor
Consultation Trigger Event”: With respect to the Yorkshire & Lexington Towers Whole Loan, the event that occurs when the
aggregate outstanding Certificate Balance of the Class YLRR Certificates (as notionally reduced by any Cumulative Appraisal Reduction
Amount then allocable to the Class YLRR Certificates pursuant to Section 3.10(a) of this Agreement) is 25% or less of the initial
aggregate Certificate Balance of the Class YLRR Certificates. Furthermore, if a Yorkshire & Lexington Towers Control Appraisal Period
is deemed to exist under the Yorkshire & Lexington Towers Co-Lender Agreement, an Operating Advisor Consultation Trigger Event will
be deemed to exist.

“Operating Advisor
Consulting Fee”: A fee for each Major Decision on which the Operating Advisor has consultation rights equal to $10,000 or such
lesser amount as the related Mortgagor pays with respect to any Serviced Mortgage Loan (or Serviced Whole Loan, if applicable), payable
pursuant to Section 3.06(a) and Section 3.06A(a) of this Agreement; provided, that the Operating Advisor
Consulting Fee shall be payable only to the extent such fee is actually received from the related Mortgagor as a separately identifiable
fee; provided, further that the Operating Advisor may in its sole discretion reduce the Operating Advisor Consulting Fee
with respect to any Major Decision; and provided, further that the Master Servicer or Special Servicer, as applicable, may
waive or reduce the amount of any Operating Advisor Consulting Fee payable by the related Mortgagor if it determines that such full or
partial waiver is in accordance with the Servicing Standard (provided that the Master Servicer or the Special Servicer, as applicable,
shall consult with the Operating Advisor on a non-binding basis prior to any such waiver or reduction).

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

“Operating Advisor
Fee Rate”: With respect to each Interest Accrual Period, a rate equal to 0.00220% per annum with respect to each Mortgage
Loan (or any successor REO Mortgage Loan with respect thereto). The Operating Advisor Fee shall not accrue on the Trust Subordinate Companion
Loan.

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

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

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

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

“Other 17g-5
Information Provider”: The applicable other “17g-5 information provider” under an Other Pooling and Servicing
Agreement relating to a Serviced Companion Loan.

“Other Asset Representations
Reviewer”: Any party acting as “asset representations reviewer” (within the meaning of Item 1101(m) of Regulation
AB) under an Other Pooling and Servicing Agreement.

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

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

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

“Other Indemnified
Party”: As defined in Section 8.05(c) of this Agreement.

“Other Operating
Advisor”: The applicable other “operating advisor” under an Other Pooling and Servicing Agreement relating to a
Serviced Companion Loan.

“Other Operating
Advisor Consultation Trigger Event”: With respect to any Regulation RR Other PSA, an “Operating Advisor Consultation Trigger
Event” (or analogous concept) under such related Regulation RR Other PSA.

“Other Pooling and
Servicing Agreement”: With respect to a Serviced Companion Loan or the related Serviced Whole Loan, the pooling and servicing
agreement or other comparable agreement governing the creation of any related Other Securitization Trust and the issuance of securities
backed by the assets of such Other Securitization Trust, but not the servicing of such Serviced Companion Loan or Serviced Whole Loan
or the related Mortgage Loan.

“Other PSA Asset
Review”: With respect to any Serviced Companion Loan, any review of representations and warranties with respect to such Serviced
Companion Loan conducted by any related Other Asset Representations Reviewer.

“Other Securitization
Trust”: Any “issuing entity” (within the meaning of Item 1101(f) of Regulation AB) that holds a Serviced Companion
Loan or successor REO Companion Loan (or any portion thereof or interest therein), as identified in writing to the parties to this Agreement.

“Other Servicer”:
The applicable other “master servicer” under an Other Pooling and Servicing Agreement relating to a Serviced Companion Loan.

“Other Special Servicer”:
The applicable other “special servicer” under an Other Pooling and Servicing Agreement relating to a Serviced Companion Loan.

“Other Trustee”:
The applicable other “trustee” or, if applicable, the other “certificate administrator” or, if applicable, the
other “custodian” under an Other Pooling and Servicing Agreement relating to a Serviced Companion Loan.

    	 	- 98 -	 

     

    

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

“Outside Controlling
Note Holder”: With respect to any Whole Loan that is, and only for so long as such Whole Loan is, a Serviced Outside Controlled
Whole Loan, at any such time, the holder of the related controlling note (regardless of whether such note evidences a Pari Passu Companion
Loan or a Subordinate Companion Loan) or such holder’s designated representative; provided that if, with respect to any Serviced
Outside Controlled Whole Loan, the related controlling note is included in a securitization trust, the Outside Controlling Note Holder
shall be the party designated under the pooling and servicing agreement, trust and servicing agreement or comparable agreement governing
the securitization of the related controlling note as authorized to exercise the rights of the holder of the related controlling note;
and provided, further, that the right of any such designated party to exercise some or all of such rights may terminate or shift to another
designated party upon the occurrence of certain trigger events if and to the extent set forth in the pooling and servicing agreement,
trust and servicing agreement or comparable agreement governing the securitization of the related controlling note. With respect to each
Servicing Shift Whole Loan, the holder of the related controlling note (regardless of whether such note evidences a Pari Passu Companion
Loan or a Subordinate Companion Loan) will (i) be an Outside Controlling Note Holder prior to the related Servicing Shift Date and (ii)
cease to be an Outside Controlling Note Holder on and after the related Servicing Shift Date. With respect to each Serviced AB Whole Loan
(other than the Yorkshire & Lexington Towers Whole Loan), the holder of a related Subordinate Companion Loan will be an Outside Controlling
Note Holder for so long as such Subordinate Companion Loan (or, in the case of a Serviced AB Whole Loan with multiple Subordinate Companion
Loans, at least one such Subordinate Companion Loan) is not the subject of a “control appraisal period” (or analogous concept)
and not held by a “borrower-related party” (or analogous concept), in any event under the related Co-Lender Agreement.

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

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

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

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

“Outside Securitization
Trust”: With respect to any Outside Serviced Mortgage Loan, the “issuing entity” (within the meaning of Item 1101(f)
of Regulation AB) that holds a related Outside Serviced Companion Loan (or any portion thereof or interest therein) and is created under
the related Outside Servicing Agreement.

“Outside Service
Providers”: With respect to any Outside Serviced Mortgage Loan, the related Outside Trustee, Outside Custodian, Outside Certificate
Administrator, Outside

    	 	- 99 -	 

     

    

Paying Agent, Outside Servicer, Outside Special
Servicer and any sub-servicer of any of the foregoing.

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

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

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

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

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

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

“Outside Servicing
Agreement”: With respect to an Outside Serviced Mortgage Loan or the related Outside Serviced Whole Loan, the pooling and servicing
agreement, trust and servicing agreement or other comparable agreement governing the creation of an Outside Securitization Trust that
includes a related Outside Serviced Companion Loan, the issuance of securities backed by the assets of such Outside Securitization Trust
and the servicing of such Outside Serviced Mortgage Loan, such Outside Serviced Whole Loan and the related Outside Serviced Companion
Loan(s), or any successor servicing agreement with respect to such Outside Serviced Mortgage Loan, such Outside Serviced Whole Loan and
the related Outside Serviced Companion Loan(s) contemplated by the related Co-Lender Agreement. The only Outside Servicing Agreements
related to the Trust as of the Closing Date are identified in the Whole Loan Table under the column heading “Outside Servicing Agreement.”
With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Whole Loan, on or after the related Servicing

    	 	- 100 -	 

     

    

Shift Date, the related Servicing Shift Mortgage
Loan Pooling and Servicing Agreement shall be an Outside Servicing Agreement.

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

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

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

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

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

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

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

“Pari Passu Whole
Loan”: A Whole Loan that includes a Pari Passu Companion Loan. The only Pari Passu Whole Loans related to the Trust are those
with related Notes listed in the Whole Loan Table under the column heading “Pari Passu Companion Loan(s).”

“Pass-Through
Rate”: Each of the Class A-1 Pass-Through Rate, the Class A-2 Pass-Through Rate, the Class A-4 Pass-Through
Rate, the Class A-5 Pass-Through Rate, the Class A-SB Pass-Through Rate, the Class X-A Pass-Through
Rate, the Class A-S Pass-Through Rate, the Class B Pass-Through Rate, the Class C Pass-Through Rate, the
Class D Pass-Through Rate, the Class X-D Pass-Through Rate, the Class X-F Pass-Through Rate, the Class X-G
Pass-Through Rate, the Class X-H Pass-Through Rate, the Class E Pass-Through Rate, the Class F Pass-Through
Rate, the Class G Pass-Through Rate, the Class H Pass-Through Rate, the Class YL-A Pass-Through Rate, the Class YL-B Pass-Through
Rate, the Class YL-C Pass-Through Rate, the Class YL-D Pass-Through Rate and the Class YLRR Pass-Through Rate. The Class S Certificates,
the Class R Certificates and, other than for tax reporting purposes, the Class VRR Certificates and the Uncertificated VRR Interest
do not have Pass-Through Rates.

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

“Payment Accommodation”:
With respect to any Serviced Mortgage Loan (or Serviced Whole Loan, if applicable), the entering into of any temporary forbearance agreement
as a result of the COVID-19 emergency (as reasonably determined by the Master Servicer (if the Master Servicer and Special Servicer agree
that the Master Servicer will determine) or the Special Servicer in accordance with the Servicing Standard) relating to payment obligations
or operating covenants under the related Loan Documents or the use of funds on deposit in any reserve account or escrow account for any
purpose other than the explicit purpose described in the related Loan Documents, that in each case (i) is entered into prior to the date
that is 6 months following the Closing Date, (ii) defers no greater than 3 monthly debt service payments and (iii) requires full repayment
of deferred payments, reserves and escrows by the earlier of (a) the date that is 12 months following the date of the Payment Accommodation
for such Serviced Mortgage Loan (or Serviced Whole Loan, if applicable) and (b) the maturity date for such Serviced Mortgage Loan (or
Serviced Whole Loan, if applicable).

“Payment Accommodation
Fee Cap”: As defined in Section 3.12(d).

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

“Percentage Allocation
Entitlement”: (a) With respect to the Combined VRR Interest, the Vertically Retained Percentage; and (b) with respect to the
Non-Vertically Retained Regular Certificates, the Non-Vertically Retained Percentage.

“Percentage Interest”:
As to any Certificate or Loan-Specific Certificate, the percentage interest evidenced thereby in distributions required to be made with
respect to the related Class. With respect to any Certificate (other than a Class S or Class R Certificate) or Loan-Specific
Certificate, the percentage interest is equal to the initial denomination as of the Closing Date of such Certificate or Loan-Specific
Certificate, as applicable, divided by the initial Certificate Balance or Notional Amount, as applicable, of the related Class of
Certificates or Loan-Specific Certificates, as applicable. With respect to any Class S or Class R Certificate, the percentage
interest is set forth on the face thereof.

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

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

    	 	- 102 -	 

     

    

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

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

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

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

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

(ii)       Federal
Housing Administration debentures;

(iii)       obligations
of the following United States government sponsored agencies: Federal Home Loan Mortgage Corp. (debt obligations), the Farm Credit System
(consolidated system wide bonds and notes), the Federal Home Loan Banks (consolidated debt obligations), and the Federal National Mortgage
Association (debt obligations); provided, however, that the investments described in this clause must (A) have a predetermined
fixed dollar amount of principal due at maturity that cannot vary or change,

    	 	- 103 -	 

     

    

(B) if such investments have a variable
rate of interest, such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately
with that index, and (C) such investments must not be subject to liquidation prior to their maturity;

(iv)       federal
funds, unsecured certificates of deposit, time or similar deposits, bankers’ acceptances and repurchase agreements of any bank,
the obligations of which are rated no less than (A) the Applicable Fitch Permitted Investment Rating by Fitch, (B) the Applicable Moody’s
Permitted Investment Rating by Moody’s, (C) if rated by KBRA, the Applicable KBRA Permitted Investment Rating by KBRA and (D) the
Applicable DBRS Morningstar Permitted Investment Rating by DBRS Morningstar (or, in the case of any such Rating Agency as set forth in
clauses (A) through (D) above, such lower rating as is the subject of a Rating Agency Confirmation by such Rating Agency and KBRA); provided,
however, that the investments described in this clause must (x) have a predetermined fixed dollar amount of principal due
at maturity that cannot vary or change, (y) if such investments have a variable rate of interest, such interest rate must be tied
to a single interest rate index plus a fixed spread (if any) and must move proportionately with that index, and (z) such investments
must not be subject to liquidation prior to their maturity;

(v)       demand
and time deposits in, or certificates of deposit of, or bankers’ acceptances issued by, any bank or trust company, savings and loan
association or savings bank, the obligations of which are rated no less than (A) the Applicable Fitch Permitted Investment Rating by Fitch,
(B) the Applicable Moody’s Permitted Investment Rating by Moody’s, (C) if rated by KBRA, the Applicable KBRA Permitted Investment
Rating by KBRA and (D) the Applicable DBRS Morningstar Permitted Investment Rating by DBRS Morningstar (or, in the case of any such Rating
Agency as set forth in clauses (A) through (D) above, such lower rating as is the subject of a Rating Agency Confirmation by such Rating
Agency and KBRA); provided, however, that the investments described in this clause must (x) have a predetermined fixed
dollar amount of principal due at maturity that cannot vary or change, (y) if such investments have a variable rate of interest,
such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately with that index,
and (z) such investments must not be subject to liquidation prior to their maturity;

(vi)      debt
obligations issued by an entity, the obligations of which are rated no less than (A) the Applicable Fitch Permitted Investment Rating
by Fitch, (B) the Applicable Moody’s Permitted Investment Rating by Moody’s, (C) if rated by KBRA, the Applicable KBRA Permitted
Investment Rating by KBRA and (D) the Applicable DBRS Morningstar Permitted Investment Rating by DBRS Morningstar (or, in the case of
any such Rating Agency as set forth in clauses (A) through (D) above, such lower rating as is the subject of a Rating Agency Confirmation
by such Rating Agency and KBRA); provided, however, that the investments described in this clause must (x) have a predetermined
fixed dollar amount of principal due at maturity that cannot vary or change, (y) if such investments have a variable rate of interest,
such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately with that index,
and (z) such investments must not be subject to liquidation prior to their maturity;

    	 	- 104 -	 

     

    

(vii)     commercial
paper (including both non-interest bearing discount obligations and interest bearing obligations) payable on demand or on a specified
date maturing in one (1) year or less from the date of acquisition thereof issued by any corporation or other entity organized under the
laws of the United States or any state thereof, the obligations of which are rated no less than (A) the Applicable Fitch Permitted Investment
Rating by Fitch, (B) the Applicable Moody’s Permitted Investment Rating by Moody’s, (C) if rated by KBRA, the Applicable KBRA
Permitted Investment Rating by KBRA and (D) the Applicable DBRS Morningstar Permitted Investment Rating by DBRS Morningstar (or, in the
case of any such Rating Agency as set forth in clauses (A) through (D) above, such lower rating as is the subject of a Rating Agency Confirmation
by such Rating Agency and KBRA); provided, however, that the investments described in this clause must (x) have a predetermined
fixed dollar of principal due at maturity that cannot vary or change, (y) if such investments have a variable rate of interest, such
interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately with that index,
and (z) such investments must not be subject to liquidation prior to their maturity;

(viii)     units
of money market mutual funds, which funds are regulated investment companies and seek to maintain a constant net asset value per share,
so long as such funds are (A) rated by Fitch in its highest money market fund ratings category, (B) rated at least “Aaa-mf”
by Moody’s and (C) rated by DBRS Morningstar in its highest money market fund ratings category (or, if not rated by any such Rating
Agency, otherwise acceptable to KBRA and such Rating Agency as confirmed in a Rating Agency Confirmation);

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

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

provided, however, that (A) such
instrument continues to qualify as a “cash flow investment” pursuant to Code Section 860G(a)(6) earning a passive return
in the nature of interest, (B) such instrument shall have an unqualified rating (i.e., one with no qualifying suffix), with the exception
of ratings with regulatory indicators, such as the “(sf)” subscript, and unsolicited ratings, (C) such instrument shall have
a predetermined fixed dollar of principal due at maturity that cannot vary or change, and (D) no instrument or security shall be a Permitted
Investment if (i) such instrument or security evidences a right to receive only interest payments, (ii) the right to receive
principal and interest payments derived from the underlying investment provides a yield to maturity in excess of 120% of the yield to
maturity at par of such underlying investment, (iii) the rating for such instrument or security includes an “r” designation
or (iv) if such instrument may be redeemed at a

    	 	- 105 -	 

     

    

price below the purchase price; and provided,
further, that no amount beneficially owned by a Trust REMIC (even if not yet deposited in the Trust) may be invested in investments
(other than money market funds) treated as equity interests for federal income tax purposes, unless the Master Servicer receives an Opinion
of Counsel, at the expense of the party directing such Permitted Investment, to the effect that such investment will not adversely affect
the status of any Trust REMIC. Permitted Investments may not be purchased at a price in excess of par.

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

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

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

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

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

“Pooled Voting Rights”:
The portion of the voting rights of all of the Certificates (which do not include any Loan-Specific Certificates) that is allocated to
any Certificate or Class of Certificates. At all times during the term of this Agreement, the Pooled Voting Rights shall be allocated
among the respective Classes of Certificateholders as follows: (a) 1% in the aggregate in the case of the respective Classes of the
Interest-Only Certificates, allocated pro rata based upon their respective Notional Amounts as of the date of determination
(but only for so long as the Notional Amount of at least one Class of Interest-Only Certificates is greater than zero), and (b) in
the case of any Class of Principal Balance Certificates, a percentage equal to the product of 99% (or, if the Notional Amounts of
all Classes of Interest-Only Certificates have been reduced to zero, 100%) and a fraction, the numerator of which is equal to the
Certificate Balance of such Class of Principal Balance Certificates as of the date of determination, and the denominator of which
is equal to the aggregate of the Certificate Balances of all Classes of the Principal Balance Certificates, in each case as of the date
of determination (provided that, if, but only if, expressly

    	 	- 106 -	 

     

    

so provided herein in any circumstance, the
allocation or exercise of Pooled Voting Rights for any particular purpose shall take into account the allocation of Appraisal Reduction
Amounts to notionally reduce Certificate Balances). The Pooled Voting Rights of any Class of Certificates shall be allocated among
Holders of Certificates of such Class in proportion to their respective Percentage Interests. The Class S and Class R Certificates
and the Uncertificated VRR Interest shall not be entitled to any Pooled Voting Rights.

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

“Preliminary Prospectus”:
The prospectus dated June 1, 2022, relating to the Public Certificates.

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

“Prepayment Interest
Excess”: With respect to any Distribution Date, for each Mortgage Loan or Serviced Whole Loan that was subject to a Principal
Prepayment in full or in part during the related Collection Period, which Principal Prepayment was applied to such Mortgage Loan or Serviced
Whole Loan after the related Due Date in such Collection Period, the amount of interest (net of the related Servicing Fee and any related
Excess Interest and Default Interest) that accrued on the amount of such Principal Prepayment during the period commencing from such Due
Date to, but not including, the date as of which such Principal Prepayment was applied to the unpaid principal balance of the Mortgage
Loan or Serviced Whole Loan (or any later date through which interest accrues), to the extent collected from the related Mortgagor (without
regard to any related Yield Maintenance Charge actually collected) and, in the case of an Outside Serviced Mortgage Loan, remitted to
the Trust Fund.

“Prepayment Interest
Shortfall”: With respect to any Distribution Date, for each Mortgage Loan or Serviced Whole Loan that was subject to a Principal
Prepayment in full or in part during the related Collection Period, which Principal Prepayment was applied to such Mortgage Loan or Serviced
Whole Loan (with such prepayment allocated between the related Mortgage Loan and Serviced Companion Loan in accordance with the related
Co-Lender Agreement) prior to the related Due Date in such Collection Period, the amount of interest (net of the related Servicing
Fee and any related Excess Interest and Default Interest) to the extent not collected from the related Mortgagor (without regard to any
Yield Maintenance Charge that may be collected), that would have accrued on the amount of such Principal Prepayment during the period
commencing on the date as of which such Principal Prepayment was applied to the unpaid principal balance of such Mortgage Loan or Serviced
Whole Loan through the end of the one-month accrual period applicable to such Due Date, inclusive.

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

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

“Principal Balance
Certificates”: The Certificates (other than the Class X, Class S and Class R Certificates), collectively.

“Principal Distribution
Amount”: With respect to any Distribution Date and the Non-Vertically Retained Principal Balance Certificates, the sum of
(i) the Non-Vertically Retained Percentage of the Aggregate Principal Distribution Amount for such Distribution Date and (ii) the
Principal Shortfall, if any, for such Distribution Date.

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

“Principal Shortfall”:
For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date
exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance
Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.

“Private Certificates”:
The Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR, Class S,
Class R, Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates, collectively.

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

“Privileged Information
Exception”: With respect to any Privileged Information, at any time (a) such Privileged Information becomes generally available
and known to the public

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

“Privileged Person”:
The Depositor and its designees, the Initial Purchasers, the Underwriters, the Mortgage Loan Sellers, the Master Servicer, the Special
Servicer, any Excluded Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, any Additional Servicer designated
by the Master Servicer or the Special Servicer, any Directing Holder, any Consulting Party, the Operating Advisor, any Affiliate of the
Operating Advisor designated by the Operating Advisor, the Asset Representations Reviewer, any affiliate of the Asset Representations
Reviewer designated by the Asset Representations Reviewer, any Companion Loan Holder that delivers an Investor Certification (subject
to the next sentence and the proviso to this sentence), any other Person who provides the Certificate Administrator with an Investor Certification
(subject to the next sentence and the proviso to this sentence), any Rating Agency, and any other NRSRO that delivers a NRSRO Certification
to the Certificate Administrator; provided that in no event shall an Excluded Controlling Class Holder be entitled to Excluded
Information with respect to a related Excluded Controlling Class Mortgage Loan with respect to which it is a Borrower Party (but
this exclusion shall not apply to any other Mortgage Loan). In no event shall a Borrower Party (other than a Risk Retention Consultation
Party if it is a Borrower Party) be considered a Privileged Person; provided that the foregoing shall not be applicable to, nor limit,
an Excluded Controlling Class Holder’s right to access information with respect to any Mortgage Loan other than Excluded Information
with respect to a related Excluded Controlling Class Mortgage Loan. For the avoidance of doubt, each applicable Directing Holder,
Controlling Class Certificateholder, Loan-Specific Controlling Class Certificateholder and Consulting Party (other than
the Operating Advisor and the Risk Retention Consultation Party ) and the Special Servicer shall, at any given time, only be considered
a Privileged Person with respect to any Mortgage Loans or Serviced Whole Loans for which it is not then a Borrower Party, and the limitations
on access to information set forth in this Agreement will apply only with respect to the related Mortgage Loan or Trust Subordinate Companion
Loan for which the applicable party is a Borrower Party and only with respect to the related Excluded Information (in the case of the
applicable Directing Holder, a Controlling Class Certificateholder or any Loan-Specific Controlling Class Certificateholder)
or the related Excluded Special Servicer Information (in the case of the Special Servicer).

“Property Advance”:
As to any Serviced Mortgage Loan, Serviced Whole Loan or REO Property (other than an REO Property related to an Outside Serviced Mortgage
Loan), any advance made by the Master Servicer or the Trustee in respect of Property Protection Expenses, together with all other customary,
reasonable and necessary “out-of-pocket” costs and expenses

    	 	- 109 -	 

     

    

(including attorneys’ fees and fees and
expenses of real estate brokers) incurred by the Master Servicer, the Special Servicer or the Trustee in connection with the servicing
and administration of a Serviced Mortgage Loan or Serviced Whole Loan, if a default is imminent thereunder or a default, delinquency or
other unanticipated event has occurred with respect thereto, or in connection with the administration of any REO Property (other than
an REO Property related to an Outside Serviced Mortgage Loan), including, but not limited to, the cost of (a) compliance with the
obligations of the Master Servicer, the Special Servicer or the Trustee, if any, set forth in Sections 2.03, 3.04 and
3.07 of this Agreement, (b) the preservation, insurance, restoration, protection and management of a related Mortgaged Property,
(c) obtaining any Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds, (d) any enforcement or judicial proceedings
with respect to a related Mortgaged Property, including foreclosures, (e) any Appraisal or any other appraisal or update thereof
expressly permitted or required to be obtained hereunder and (f) the operation, management, maintenance and liquidation of any such
REO Property; provided that, notwithstanding anything to the contrary, “Property Advances” shall not include allocable
overhead of the Master Servicer, the Special Servicer or the Trustee, such as costs for office space, office equipment, supplies and related
expenses, employee salaries and related expenses and similar internal costs and expenses, or costs and expenses incurred by any such party
in connection with its purchase of any Trust Loan or REO Property pursuant to any provision of this Agreement or an intercreditor agreement;
and provided, further, that, no Property Advances shall be made with regard to a Subordinate Companion Loan held outside
the Trust if the related Mortgage Loan is no longer held by the Trust. Each reference to the payment or reimbursement of a Property Advance
shall be deemed to include, whether or not specifically referred to, payment or reimbursement of interest thereon at the Advance Rate
from and including the date of the making of such Advance to but excluding the date of payment or reimbursement. If and when used with
respect to an Outside Serviced Mortgage Loan or any related REO Property, the term “Property Advance” shall have the meaning
assigned thereto or to the term “Servicing Advance” in the applicable Outside Servicing Agreement.

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

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

“Prospectus”:
The prospectus dated June 6, 2022, relating to the Public Certificates.

“PSA Party Repurchase
Request”: As defined in Section 2.03 of this Agreement.

“PTCE”:
Prohibited Transaction Class Exemption.

“Public Certificates”:
The Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B
and Class C Certificates.

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

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

“Purchase Price”:
With respect to any Mortgage Loan or Trust Subordinate Companion Loan (or REO Property), a price equal to the sum of the following (without
duplication): (a) the outstanding principal balance of such Mortgage Loan or Trust Subordinate Companion Loan (or the related REO
Trust Loan) as of the time of purchase less any portion of any Loss of Value Payment then on deposit in the Loss of Value Reserve
Fund allocable to pay principal of such Mortgage Loan or Trust Subordinate Companion Loan (or REO Property); plus (b) all accrued
and unpaid interest on the principal balance of such Mortgage Loan or Trust Subordinate Companion Loan (or the related REO Trust Loan),
other than Default Interest or Excess Interest, at the related Mortgage Rate in effect from time to time through the Due Date in the Collection
Period of purchase; plus (c) all related unreimbursed Property Advances (including any Property Advances and Advance Interest Amounts
with respect thereto that were reimbursed out of general collections on the Mortgage Loans or the Trust Subordinate Companion Loan, as
applicable) (or, in the case of an Outside Serviced Mortgage Loan, the pro rata portion of any similar amounts allocable to such
Mortgage Loan and payable with respect thereto pursuant to the related Co-Lender Agreement); plus (d) all accrued and unpaid
Advance Interest Amounts in respect of related Advances (or, in the case of an Outside Serviced Mortgage Loan, all such amounts with respect
to P&I Advances related to such Outside Serviced Mortgage Loan and, with respect to outstanding Property Advances, the pro rata
portion of any similar interest amounts payable with respect thereto pursuant to the related Co-Lender Agreement); plus (e) to
the extent not otherwise covered by clause (d) above, any Special Servicing Fees and any other Additional Trust Fund Expenses outstanding
or previously incurred in respect of the related Mortgage Loan or Trust Subordinate Companion Loan; plus (f) if such Mortgage Loan or
Trust Subordinate Companion Loan is being repurchased or substituted for by a Mortgage Loan Seller pursuant to Section 6 of the related
Mortgage Loan Purchase Agreement, all expenses incurred or to be incurred by the Master Servicer, the Special Servicer, the Depositor,
the Certificate Administrator and the Trustee in respect of the Material Defect giving rise to the repurchase or substitution obligation
(to the extent not otherwise included in the amounts described in clause (e) above); provided, however, that such expenses
shall not include expenses incurred by Certificateholders or Certificate Owners in instituting an Asset Review Vote Election, in taking
part in an Affirmative Asset Review vote or in exercising such Certificateholder’s or Certificate Owner’s, as applicable,
rights under the dispute resolution mechanics pursuant to Section 2.03(g) hereof; plus (g) to the extent not otherwise included
in the amount described in clause (e) above, any Liquidation Fee if and to the extent payable in accordance with the terms and conditions
of this Agreement; plus (h) solely in the case of a Mortgage Loan, any related Asset Representations Reviewer Asset Review Fee to
the extent not previously paid by the related Mortgage Loan Seller.

With respect to any REO Property
that relates to a Serviced Whole Loan, the Purchase Price for the Trust Fund’s interest in such REO Property shall be the amount
calculated in accordance with the first sentence of this definition in respect of the related REO Trust Loan(s) and, solely for purposes
of calculating fair prices under the final sentence of Section 3.17(k) of this Agreement, such amount shall be calculated
as if the REO Trust Loan consisted of the REO Mortgage Loan and all the related REO Companion Loan(s), if applicable.

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

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

“Qualified Insurer”:
As used in Sections 3.08 and 5.10 of this Agreement, in the case of: (i) all policies not referred to in clause (ii) below,
an insurance company or security or bonding company qualified to write the related insurance policy in the relevant jurisdiction and whose
claims paying ability is rated (a) at least “A-” by Fitch (or, if not rated by Fitch, an equivalent rating such as that listed
above by at least two NRSROs (which may include DBRS, KBRA and/or Moody’s) or one NRSRO (which may include DBRS, KBRA or Moody’s)
and A.M. Best) or Fitch has issued a Rating Agency Confirmation with respect to such insurance company), (b) at least “A3”
by Moody’s (or, if not rated by Moody’s, then either (x) an equivalent rating such as that listed above by at least two NRSROs
(which may include DBRS, KBRA and/or Fitch) or one NRSRO (which may include DBRS, KBRA or Fitch) and A.M. Best) or (y) Moody’s has
issued a Rating Agency Confirmation with respect to such insurance company), (c) at least “A(low)” by DBRS Morningstar (or,
if not rated by DBRS Morningstar, an equivalent rating by two other NRSROs) and (d) at least “A-“ by KBRA (or, if not rated
by KBRA, then either (x) an equivalent rating such as that listed above by at least two NRSROs (which may include DBRS, Moody’s
and/or Fitch) or one NRSRO (which may include DBRS, Moody’s or Fitch) and A.M. Best) or (y) KBRA has issued a Rating Agency Confirmation
with respect to such insurance company); or (ii) in the case of the fidelity bond and the errors and omissions insurance required
to be maintained pursuant to Section 3.08(c) of this Agreement, a company that shall have a claims-paying ability rated
at least as follows by at least one of the following NRSROs: “A (low)” by DBRS Morningstar, “A-“ by S&P,
“A-“ by Fitch, “A3” by Moody’s, “A-“ by KBRA or “A:X” by A.M. Best, or (iii)
in either case, an insurance company not satisfying the ratings criteria of any Rating Agency set forth in clause (i) or (ii), as
applicable, but with respect to which the Master Servicer or the Special Servicer, as applicable, has received a Rating Agency Confirmation
from such Rating Agency. “Qualified Insurer” shall also mean any entity that satisfies all of the criteria, other than the
ratings criteria, set forth in one of the foregoing clauses and whose obligations under the related insurance policy are guaranteed or
backed by an entity that satisfies the ratings criteria set forth in such clause (construed as if such entity were an insurance company
referred to therein).

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

“Qualified Substitute
Mortgage Loan”: A mortgage loan that must, on the date of substitution: (i) have an outstanding principal balance, after
application of all scheduled payments of principal and interest due during or prior to the month of substitution, whether or not received,
not in excess of the Stated Principal Balance of the deleted Mortgage Loan as of the Due Date in the calendar month during which the substitution
occurs; (ii) have a Mortgage Rate not less than the Mortgage Rate of the deleted Mortgage Loan; (iii) have the same Due Date
as and a grace period no longer than that of the deleted Mortgage Loan; (iv) accrue interest on the same basis as the deleted Mortgage
Loan (for example, on the basis of a 360-day year consisting of twelve 30-day months); (v) have a remaining term to
stated maturity not greater than, and not more than two years less than, the remaining term to stated maturity of the deleted Mortgage
Loan;

    	 	- 112 -	 

     

    

(vi) have a then-current loan-to-value
ratio equal to or less than the lesser of (a) the loan-to-value ratio of the deleted Mortgage Loan as of the Cut-Off
Date and (b) 75%, in each case using the “value” for the Mortgaged Property as determined using an Appraisal; (vii) comply
(except in a manner that would not be adverse to the interests of the Certificateholders or the Uncertificated VRR Interest Owner) as
of the date of substitution in all material respects with all of the representations and warranties set forth in the applicable Mortgage
Loan Purchase Agreement; (viii) have an environmental report that indicates no material adverse environmental conditions with respect
to the related Mortgaged Property and which will be delivered as a part of the related Servicing File; (ix) have a then-current
debt service coverage ratio at least equal to the greater of (a) the debt service coverage ratio of the deleted Mortgage Loan as
of the Closing Date and (b) 1.25x; (x) constitute a “qualified replacement mortgage” within the meaning of Code
Section 860G(a)(4) as evidenced by an Opinion of Counsel (provided at the applicable Mortgage Loan Seller’s expense); (xi) not
have a maturity date or an amortization schedule that extends to a date that is after the date that is five years prior to the Rated Final
Distribution Date for the rated Regular Certificates; (xii) have prepayment restrictions comparable to those of the deleted Mortgage
Loan; (xiii) not be substituted for a deleted Mortgage Loan unless the Trustee and the Certificate Administrator have received a
prior Rating Agency Confirmation (the cost, if any, of obtaining such Rating Agency Confirmation to be paid by the applicable Mortgage
Loan Seller); (xiv) have been approved, so long as a Consultation Termination Event has not occurred and is not continuing, by the
Controlling Class Representative; (xv) prohibit defeasance within two years of the Closing Date; (xvi) not be substituted
for a deleted Mortgage Loan if it would result in the termination of the REMIC status of any Trust REMIC or the imposition of tax on any
Trust REMIC other than a tax on income expressly permitted or contemplated to be imposed by the terms of this Agreement, as determined
by an Opinion of Counsel; (xvii) have an engineering report with respect to the related Mortgaged Property that will be delivered
as a part of the related Servicing File; (xviii) be current in the payment of all scheduled payments of principal and interest then
due; and (xix) not be an ARD Mortgage Loan unless the Mortgage Loan for which it is being substituted is an ARD Mortgage Loan. In the
event that more than one mortgage loan is substituted for a deleted Mortgage Loan or Mortgage Loans, then (x) the amounts described in
clause (i) above shall be determined on the basis of aggregate principal balances and (y) each such proposed Qualified Substitute
Mortgage Loan shall individually satisfy each of the requirements specified in clauses (ii) through (xviii) above, except that the
rates described in clause (ii) above and the remaining term to stated maturity referred to in clause (v) above shall be determined
on a weighted average basis; provided that no individual Mortgage Rate (net of the Administrative Cost Rate) shall be lower than
the highest fixed Pass-Through Rate (and not based on, or subject to a cap equal to, the WAC Rate) of any Class of Non-Vertically
Retained Principal Balance Certificates having a Certificate Balance then outstanding. When a Qualified Substitute Mortgage Loan is substituted
for a deleted Mortgage Loan, the applicable Mortgage Loan Seller shall certify that the replacement Mortgage Loan(s) meet(s) all of the
requirements of the above definition and shall send such certification to the Certificate Administrator and the Trustee and, so long as
a Consultation Termination Event has not occurred and is not continuing, the Controlling Class Representative.

“Rated Final Distribution
Date”: With respect to the rated Certificates, the Distribution Date occurring in May 2054; and with respect to the rated Loan-Specific
Certificates, the Distribution Date occurring in June 2039.

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“Rating Agency”:
Each of Fitch, Moody’s, KBRA and DBRS Morningstar or their successors in interest. If no such rating agency nor any successor thereof
remains in existence, “Rating Agency” shall be deemed to refer to such nationally recognized statistical rating organization
or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate
Administrator, the Special Servicer and the Master Servicer, and specific ratings of Fitch, Moody’s, KBRA and DBRS Morningstar herein
referenced shall be deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.
References herein to the highest long-term unsecured debt rating category of Fitch, Moody’s, KBRA and DBRS Morningstar shall
mean “AAA” with respect to Fitch, KBRA and DBRS Morningstar and “Aaa” with respect to Moody’s, and, in the
case of any other rating agency, shall mean such highest rating category without regard to any plus or minus or numerical qualification.

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

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

“Realized Loss”:
With respect to any Distribution Date:

(a)       with
respect to the Non-Vertically Retained Principal Balance Certificates and the Corresponding Lower-Tier Regular Interests for such Certificates,
the amount, if any, by which (i) the aggregate Certificate Balance of all Classes of Non-Vertically Retained Principal Balance Certificates,
after giving effect to distributions of principal on such Distribution Date, exceeds (ii) the product of (A) the Non-Vertically Retained
Percentage and (B) the aggregate Stated Principal Balance of the Mortgage Loans (including any REO Mortgage Loans) expected to be outstanding
immediately following such Distribution Date (for purposes of this calculation only, not giving effect to any reductions of such aggregate
Stated Principal Balance for principal payments received on the Mortgage Loans that were used to reimburse the Master Servicer, the Special
Servicer or the Trustee from general collections of principal on the Mortgage Loans for Workout Delayed Reimbursement Amounts, to the
extent such Workout Delayed Reimbursement Amounts are not otherwise determined to be Nonrecoverable Advances);

(b)       with
respect to the Combined VRR Interest, the Class VRR Upper-Tier Regular Interest and the Class LVRR Lower-Tier Regular Interest, the amount,
if any, by which (i) the Combined VRR Interest Balance, after giving effect to distributions of principal on such Distribution Date, exceeds
(ii) the product of (A) the Vertically Retained

    	 	- 114 -	 

     

    

Percentage and (B) the aggregate Stated
Principal Balance the Mortgage Loans (including any REO Mortgage Loans) expected to be outstanding immediately following such Distribution
Date (for purposes of this calculation only, not giving effect to any reductions of such aggregate Stated Principal Balance for principal
payments received on the Mortgage Loans that were used to reimburse the Master Servicer, the Special Servicer or the Trustee from general
collections of principal on the Mortgage Loans for Workout Delayed Reimbursement Amounts, to the extent such Workout Delayed Reimbursement
Amounts are not otherwise determined to be Nonrecoverable Advances); and

(c)       with
respect to the Yorkshire & Lexington Towers Loan-Specific Principal Balance Certificates and the Corresponding Trust Subordinate Companion
Loan Regular Interests for such Loan-Specific Certificates, the amount, if any, by which (A) the Stated Principal Balance (for purposes
of this calculation only, the Stated Principal Balance will not be reduced by the amount of principal payments received on the Yorkshire
& Lexington Towers Trust Subordinate Companion Loan that were used to reimburse the Master Servicer, the Special Servicer or the Trustee
for Workout Delayed Reimbursement Amounts with respect to the Yorkshire & Lexington Towers Trust Subordinate Companion Loan, to the
extent those amounts are not otherwise determined to be Nonrecoverable Advances) of the Yorkshire & Lexington Towers Trust Subordinate
Companion Loan (including any successor REO Companion Loan with respect thereto) expected to be outstanding immediately following that
Distribution Date, is less than (B) the then aggregate Certificate Balance of the Yorkshire & Lexington Towers Loan-Specific Principal
Balance Certificates after giving effect to distributions of principal on that Distribution Date.

The allocation of Realized
Losses may be reversed as provided in Section 4.01(g) of this Agreement.

“Record Date”:
With respect to each Distribution Date and each Class of Certificates, the last Business Day of the month preceding the month in
which that Distribution Date occurs.

“Registered Rating
Agency”: (a) Any Rating Agency that has registered as a user of the Rule 17g-5 Information Provider’s Website;
or (b) any NRSRO other than the Rating Agencies (i) that has registered as a user of the Rule 17g-5 Information Provider’s
Website and (ii) with respect to which the Rule 17g-5 Information Provider has received an NRSRO Certification pursuant
to Section 12.13(h) of this Agreement.

“Regular Certificates”:
The Non-Vertically Retained Regular Certificates and, to the extent they represent a portion of the Class VRR Upper-Tier Regular Interest,
the Class VRR Certificates, collectively.

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

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“Regulation RR”:
The final credit risk retention rules issued by the Office of the Comptroller of the Currency (appearing at 12 C.F.R. § 43.1, et
seq.), the Securities and Exchange Commission (appearing at 17 C.F.R. § 246.1, et seq.) and the Board of Governors of
the Federal Reserve System (appearing at 12 C.F.R. § 244.1, et seq.), in each case as applicable to any particular matter
arising hereunder, that adopted the joint final rule promulgated by the Regulatory Agencies (appearing at 79 F.R. 77601; pages 77740-77766)
to implement the credit risk retention requirements of Section 15G of the Securities Exchange Act of 1934, as added by Section 941 of
the Dodd-Frank Wall Street Reform and Consumer Protection Act, as such rule may be amended from time to time, and subject to such clarification
and interpretation as have been provided by the Regulatory Agencies in the adopting release (79 FR 77601 et seq.) or by the
staff of any such agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective from time
to time.

“Regulation RR Other
PSA”: As defined in Section 3.28(e) of this Agreement.

“Regulation S”:
Regulation S under the Act.

“Regulation S
Global Certificates”: As defined in Section 5.02(c)(i) of this Agreement.

“Regulation S
Investor”: With respect to a transferee of a Regulation S Global Certificate, a transferee that acquires such Certificate
pursuant to Regulation S.

“Regulation S-K”:
Regulation S-K under the Act.

“Regulatory Agencies”:
The Office of the Comptroller of the Currency; the Board of Governors of the Federal Reserve System; the Federal Deposit Insurance Corporation;
the Federal Housing Finance Agency; the Securities and Exchange Commission; and the Department of Housing and Urban Development.

“Relevant Distribution
Date”: With respect to (a) any Significant Obligor with respect to the Trust, the Distribution Date, and (b) any Significant
Obligor with respect to an Other Securitization Trust, the “Distribution Date” (or an analogous concept) under the related
Other Pooling and Servicing Agreement.

“Relevant Servicing
Criteria”: The Servicing Criteria applicable to a specific party, as set forth on Exhibit O to this Agreement. For
clarification purposes, multiple parties can have responsibility for the same Relevant Servicing Criteria. With respect to a Servicing
Function Participant engaged by the Master Servicer, the Special Servicer or the Certificate Administrator, the term “Relevant Servicing
Criteria” may refer to a portion of the Relevant Servicing Criteria applicable to the Master Servicer, the Special Servicer or the
Certificate Administrator.

“Remaining Certificateholder”:
Any Holder (or Holders provided they act in unanimity) holding 100% of the Certificates (other than the Class S and Class R
Certificates) and 100% of the Loan-Specific Certificates or an assignment of the voting rights thereof, together with the Uncertificated
VRR Interest Owner; provided, however, that the Certificate Balances of the Class A-1, Class A-2, Class
A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C, Class D

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and Class E Certificates and the Notional
Amounts of the Class X-A and Class X-D Certificates have been reduced to zero.

“REMIC”:
A “real estate mortgage investment conduit” within the meaning of Code Section 860D.

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

“Rents from Real
Property”: With respect to any REO Property, gross income of the character described in Code Section 856(d), which income,
subject to the terms and conditions of that Section of the Code in its present form, does not include:

(1)       except
as provided in Code Section 856(d)(4) or (6), any amount received or accrued, directly or indirectly, with respect to such REO
Property, if the determination of such amount depends in whole or in part on the income or profits derived by any Person from such property
(unless such amount is a fixed percentage or percentages of receipts or sales and otherwise constitutes Rents from Real Property);

(2)       any
amount received or accrued, directly or indirectly, from any Person if the Trust Fund owns directly or indirectly (including by attribution) a
ten percent or greater interest in such Person determined in accordance with Code Sections 856(d)(2)(B) and (d)(5);

(3)       any
amount received or accrued, directly or indirectly, with respect to such REO Property if any Person Directly Operates such REO Property;

(4)       any
amount charged for services that are not customarily furnished in connection with the rental of property to tenants in buildings of a
similar class in the same geographic market as such REO Property within the meaning of Treasury Regulations Section 1.856-4(b)(1) (whether
or not such charges are separately stated); and

(5)       rent
attributable to personal property unless such personal property is leased under, or in connection with, the lease of such REO Property
and, for any taxable year of the Trust Fund, such rent is no greater than 15 percent of the total rent received or accrued under, or in
connection with, the lease.

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“REO Account”:
A segregated custodial account or accounts created and maintained by (a) with respect to each REO Property relating to a Mortgage Loan
(other than any Outside Serviced Mortgage Loan) or any Serviced Whole Loan (other than the Yorkshire & Lexington Towers Whole Loan),
Greystone Servicing Company LLC, as the Special Servicer pursuant to Section 3.16 of this Agreement on behalf of the Trustee
in trust for the Certificateholders, the Uncertificated VRR Interest Owner and any related Serviced Companion Loan Holders, which (subject
to any change in the identities of such Special Servicer and/or the Trustee) shall be entitled “Greystone Servicing Company LLC,
as Special Servicer, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup
Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48, the Uncertificated VRR Interest
Owner and the Companion Loan Holders, as their interests may appear--REO Account”; and (b) with respect to any REO Property relating
to the Yorkshire & Lexington Towers Whole Loan, Rialto Capital Advisors, LLC, as the Special Servicer pursuant to Section 3.16
of this Agreement on behalf of the Trustee in trust for the Certificateholders, the Uncertificated VRR Interest Owner, the Loan-Specific
Certificateholders and any related Serviced Companion Loan Holders, which (subject to any change in the identities of such Special Servicer
and/or the Trustee) shall be entitled “Rialto Capital Advisors, LLC, as Special Servicer, on behalf of Wilmington Trust, National
Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage
Pass Through Certificates, Series 2022-GC48, the Uncertificated VRR Interest Owner and the related Companion Loan Holders, as their interests
may appear--REO Account”. Any such account or accounts shall be an Eligible Account.

“REO Companion Loan”:
Any Serviced Companion Loan if the related Mortgaged Property has become an REO Property.

“REO Extension”:
As defined in Section 3.16(a) of this Agreement.

“REO Loan”:
An REO Mortgage Loan, REO Companion Loan, REO Trust Loan or REO Whole Loan, as the context may require.

“REO Whole Loan”:
Any Serviced Whole Loan as to which the related Mortgaged Property has become an REO Property.

“REO Mortgage Loan”:
Any Mortgage Loan as to which the related Mortgaged Property has become an REO Property (including an REO Property consisting of the Trust’s
beneficial interest in a Mortgaged Property acquired upon a foreclosure or deed-in-lieu of foreclosure of any of the Outside Serviced
Mortgage Loans under the applicable Outside Servicing Agreement; for the avoidance of doubt, any such beneficial interest will not be
serviced by the Special Servicer under this Agreement).

“REO Proceeds”:
With respect to any REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan) and the related REO Mortgage
Loan and REO Companion Loan, all revenues received by the Special Servicer with respect to such REO Property, REO Mortgage Loan or REO
Companion Loan which do not constitute Liquidation Proceeds. In the case of an Outside Serviced Mortgage Loan that has become an REO Mortgage
Loan and in the case of the related REO Property, “REO Proceeds” under this Agreement shall be limited to

    	 	- 118 -	 

     

    

any proceeds of the type described above in
this definition that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations
set forth in the related Co-Lender Agreement.

“REO Property”:
A Mortgaged Property as to which title has been acquired on behalf of the Trust Fund and any related Serviced Companion Loan Holder through
foreclosure, deed-in-lieu of foreclosure or otherwise; provided that a Mortgaged Property that secures an Outside Serviced
Mortgage Loan shall constitute an REO Property if and when it is acquired under the applicable Outside Servicing Agreement on behalf of
the Trustee for the benefit of the Trust Fund as the holder of such Outside Serviced Mortgage Loan and of the related Companion Loan Holder(s)
through foreclosure, acceptance of a deed-in-lieu of foreclosure or otherwise in accordance with applicable law in connection
with a default or imminent default of such Outside Serviced Mortgage Loan.

“REO Trust Loan”:
Any REO Mortgage Loan or any successor REO Companion Loan with respect to the Trust Subordinate Companion Loan.

“Reportable Event”:
As defined in Section 10.07 of this Agreement.

“Reporting Servicer”:
As defined in Section 10.09(a) of this Agreement.

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

“Repurchase Communication”:
For purposes of Sections 2.03(a) and 3.01(c) of this Agreement only, any communication, whether oral or written, which
need not be in any specific form.

“Repurchase Request”:
A Certificateholder Repurchase Request, a PSA Party Repurchase Request or any other Repurchase Communication of a request or demand for
repurchase or replacement of any Trust Loan alleging a Document Defect or Breach with respect to such Trust Loan.

“Repurchase Request
Rejection”: As defined in Section 2.03(a) of this Agreement.

“Repurchase Request
Withdrawal”: As defined in Section 2.03(a) of this Agreement.

“Request for Release”:
A request for a release signed by a Servicing Officer, substantially in the form of Exhibit C hereto.

“Requesting Certificateholder”:
(i) The Initial Requesting Certificateholder, if any, or (ii) any other Certificateholder or Certificate Owner of a Pooled Certificate
(other than a holder of the Class VRR Certificates) that, in each case, is exercising its rights under Section 2.03(g) of
this Agreement to refer a matter involving a Repurchase Request with respect to a Mortgage Loan to either mediation or arbitration; provided
that a Holder of a Class VRR Certificate may not be a Requesting Certificateholder.

“Requesting Holders”:
As defined in Section 3.10(a) of this Agreement.

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“Requesting Party”:
As defined in Section 3.30(a) of this Agreement.

“Residual Ownership
Interest”: Any record or beneficial interest in the Class R Certificates.

“Resolution Failure”:
As defined in Section 2.03(f) of this Agreement.

“Resolved”:
With respect to a Repurchase Request relating to a Mortgage Loan, means that (i) the related Material Defect has been cured, (ii) the
related Mortgage Loan has been repurchased in accordance with the related Mortgage Loan Purchase Agreement, (iii) a mortgage loan
has been substituted for the related Mortgage Loan in accordance with the related Mortgage Loan Purchase Agreement, (iv) the applicable
Mortgage Loan Seller has made a Loss of Value Payment, (v) a contractually binding agreement has been entered into between the Enforcing
Servicer, on behalf of the Trust, and the related Mortgage Loan Seller that settles the related Mortgage Loan Seller’s obligations
under the related Mortgage Loan Purchase Agreement, or (vi) the related Mortgage Loan is no longer property of the Trust as a result
of a sale or other disposition in accordance with this Agreement.

“Responsible Officer”:
When used with respect to (i) the Trustee, any officer of the Corporate Trust Office of the Trustee (and, in the event that the Trustee
is the Certificate Registrar or the Paying Agent, of the Certificate Registrar or the Paying Agent, as applicable) assigned to the
Corporate Trust Office with direct responsibility for the administration of this Agreement and also, with respect to a particular matter,
any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject
and (ii) the Certificate Administrator, any officer assigned to the Corporate Trust Services group, with direct responsibility for
the administration of this Agreement and also, with respect to a particular matter, any other officer to whom a particular matter is referred
by the Certificate Administrator because of such officer’s knowledge of and familiarity with the particular subject. When used with
respect to any Certificate Registrar (other than the Trustee or the Certificate Administrator), any officer or assistant officer thereof.

“Restricted Group”:
Collectively, the following persons and entities: the Trustee; the Underwriters; the Depositor; the Master Servicer; the Special Servicer;
any Sub-Servicers; the Sponsors; each Mortgagor, if any, with respect to Mortgage Loans constituting more than 5% of the total unamortized
principal balance of all the Mortgage Loans in the Trust Fund as of the Closing Date; and any and all Affiliates of any of the aforementioned
Persons.

“Restricted Party”:
As defined in the definition of “Privileged Information Exception” in this Agreement.

“Restricted Period”:
As defined in Section 5.02(c)(i) of this Agreement.

“Retained Defeasance
Rights and Obligations”: As defined in Section 3.09(d)(ii) of this Agreement.

“Retained Defeasance
Rights and Obligations Mortgage Loan”: As defined in Section 3.09(d)(ii) of this Agreement.

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“Retained Interest
Safekeeping Account”: An account maintained by the Certificate Administrator, which account shall be deemed to be owned by the
Holder(s) of the Risk Retention Certificates in proportion equal to their respective ownership interests in such Risk Retention Certificates.

“Retaining Party”:
Each of CREFI as holder of the VRR1 Interest and GS Bank as holder of the VRR2 Interest, and any successor holder of all or part of the
VRR1 Interest or the VRR2 Interest; and the Yorkshire & Lexington Towers Retaining Third Party Purchaser as holder of the Yorkshire
& Lexington Towers HRR Interest and any successor holder of all or part of the Yorkshire & Lexington Towers HRR Interest.

“Retaining Sponsor”:
CREFI, acting as retaining sponsor as such term is defined under Rule 2 of Regulation RR.

“Review Materials”:
As defined in Section 11.01(b)(i).

“Review Package”:
A package of documents consisting of a memorandum outlining the analysis and recommendation (in accordance with the Servicing Standard)
of the Master Servicer or the Special Servicer, as the case may be, with respect to the matters that are the subject thereof, and copies
of all relevant documentation.

“Revised Rate”:
With respect to any ARD Mortgage Loan, the increased interest rate after the Anticipated Repayment Date (in the absence of a default)
for such ARD Mortgage Loan, as calculated and as set forth in the related Loan Agreement.

“Risk Retention
Affiliate” or “Risk Retention Affiliated”: Means “affiliate” of or “affiliated” with,
as such terms are defined in Rule 2 of Regulation RR applicable to the securitization transaction constituted by the issuance of the Loan-Specific
Certificates.

“Risk Retention
Certificate”: Any of the Class VRR or Class YLRR Certificates.

“Risk Retention
Consultation Party”: Each of (i) the party selected by CREFI and (ii) the party selected by GS Bank. The Certificate Administrator
shall promptly provide the name and contact information for the initial Risk Retention Consultation Parties upon request of any party
to this Agreement and any such requesting party may conclusively rely on the name and contact information provided by the Certificate
Administrator. The other parties hereto shall be entitled to assume, without independent investigation or verification, that the identity
of any Risk Retention Consultation Party has not changed until such parties receive written notice of (including the identity of and contact
information for) a replacement of such Risk Retention Consultation Party from CREFI (in the case of the VRR1 Risk Retention Consultation
Party) or GS Bank (in the case of the VRR2 Risk Retention Consultation Party). Notwithstanding the foregoing, no Risk Retention Consultation
Party shall have any consultation rights with respect to any Excluded RRCP Mortgage Loan with respect thereto. The initial VRR1 Risk Retention
Consultation Party shall be CREFI, and the initial VRR2 Risk Retention Consultation Party shall be GSMC.

“RR Interest Transfer
Restriction Period”: With respect to: (a) the VRR Interest, the VRR Interest Transfer Restriction Period; and (b) the Yorkshire
& Lexington HRR Interest, the Yorkshire & Lexington Towers HRR Transfer Restriction Period.

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“Rule 144A”:
Rule 144A under the Act.

“Rule 144A
Global Certificates”: As defined in Section 5.02(c)(ii) of this Agreement.

“Rule 15Ga-1”:
Rule 15Ga-1 under the Exchange Act.

“Rule 15Ga-1
Notice”: As defined in Section 2.03(a) of this Agreement.

“Rule 15Ga-1
Notice Provider”: As defined in Section 2.03(a) of this Agreement.

“Rule 17g-5”:
Rule 17g-5 under the Exchange Act.

“Rule 17g-5
Information Provider”: The Certificate Administrator acting in such capacity under this Agreement.

“Rule 17g-5
Information Provider’s Website”: The website established and maintained by the Rule 17g-5 Information Provider
pursuant to Section 12.06 and Section 12.13 of this Agreement, initially located at www.ctslink.com, under
the “NRSRO” tab for the related transaction.

“S&P”:
S&P Global Ratings, a Standard & Poor’s Financial Services LLC business, or its successors in interest. If neither S&P
nor any successor remains in existence, “S&P” shall be deemed to refer to such other nationally recognized statistical
rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee,
the Certificate Administrator, the Master Servicer and the Special Servicer and specific ratings of S&P herein referenced shall be
deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.

“Sarbanes-Oxley
Act”: The Sarbanes-Oxley Act of 2002 and the rules and regulations of the Commission promulgated thereunder (including any
interpretations thereof by the Commission’s staff).

“Sarbanes-Oxley
Certification”: As defined in Section 10.05(a)(iv) of this Agreement.

“Schedule AL Additional
File”: With respect to each CREFC® Schedule AL File prepared by the Master Servicer pursuant to Section 4.02(b),
any data file containing additional information or schedules regarding data points in such CREFC® Schedule AL File required
by Items 1111(h)(4) and/or 1111(h)(5) of Regulation AB and Item 601(b)(103) of Regulation S-K.

“Scheduled Principal
Distribution Amount”: With respect to each Distribution Date, an amount equal to the aggregate of the principal portions of:

(A)       all
Monthly Payments (which do not include Balloon Payments) with respect to the Mortgage Loans (including any REO Mortgage Loans) due or
deemed due during or, if and to the extent not previously received or advanced pursuant to Section 4.06 and distributable
to the Certificateholders or the Uncertificated VRR Interest Owner on a

    	 	- 122 -	 

     

    

preceding Distribution Date, prior to
the related Collection Period, in each case to the extent either (i) paid by the Mortgagor as of the Determination Date (or, in the case
of an Outside Serviced Mortgage Loan, received by the Master Servicer as of the Business Day immediately preceding the related Master
Servicer Remittance Date) or (ii) advanced by the Master Servicer or the Trustee, as applicable, pursuant to Section 4.06
in respect of such Distribution Date); and

(B)       all
Balloon Payments with respect to the Mortgage Loans (including any REO Mortgage Loans) to the extent received during the related Collection
Period (or, in the case of an Outside Serviced Mortgage Loan, received by the Master Servicer as of the Business Day immediately preceding
the related Master Servicer Remittance Date), and to the extent not included in clause (A) above for the subject Distribution Date
and not previously received or advanced and distributable to the Certificateholders or the Uncertificated VRR Interest Owner on a preceding
Distribution Date.

For purposes of clarification, the Scheduled
Principal Distribution Amount from time to time shall include all late payments of principal made by the Mortgagors with respect to the
Mortgage Loans, including late payments in respect of a delinquent Balloon Payment, received during the periods or by the times described
above in this definition, except to the extent those late payments are otherwise applied to reimburse the Master Servicer or the Trustee,
as the case may be, for prior P&I Advances, pursuant to Section 3.06(a) and Section 3.06A(a).

“Secure Data Room”:
The “Diligence Files” tab on the page relating to this transaction located within the Certificate Administrator’s Website
(initially “www.ctslink.com”).

“Service(s)”
or “Servicing”: In accordance with Regulation AB, the act of servicing, managing or administering the Mortgage
Loans or any other assets of the Trust by an entity (other than the Certificate Administrator and the Trustee) that meets the definition
of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in
Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall have the meaning commonly
understood by participants in the commercial mortgage-backed securities market.

“Serviced AB Whole
Loan”: A Serviced Whole Loan that includes a Subordinate Companion Loan. The Yorkshire & Lexington Towers Whole Loan is
a Serviced AB Whole Loan relating to the Trust.

“Serviced Companion
Loan”: A Companion Loan that is part of a Serviced Whole Loan. With respect to each Servicing Shift Mortgage Loan and the related
Servicing Shift Whole Loan, each related Companion Loan will no longer be a Serviced Companion Loan on and after the related Servicing
Shift Date.

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

“Serviced Companion
Loan Holder Register”: As defined in Section 3.28(g).

“Serviced Companion
Loan Securities”: Any commercial mortgage-backed securities (including any Loan-Specific Certificates) that evidence an
interest in or are secured by

    	 	- 123 -	 

     

    

the assets of an Other Securitization Trust
(or, in the case of any Loan-Specific Certificates, the Trust), which assets include a Serviced Companion Loan (or a portion thereof or
interest therein).

“Serviced Loan”:
A Serviced Mortgage Loan or Serviced Companion Loan.

“Serviced Whole
Loan”: A Whole Loan that is being serviced pursuant to this Agreement. The only Serviced Whole Loans related to the Trust as
of the Closing Date are the Whole Loans as to which “Serviced” is set forth in the Whole Loan Table under the column heading
“Servicing Type,” together with any Servicing Shift Whole Loans. A Servicing Shift Whole Loan will no longer be a Serviced
Whole Loan on and after the related Servicing Shift Date.

“Serviced Whole
Loan Remittance Date”: With respect to any Serviced Companion Loan: (i) the date specified as the applicable “remittance
date” (or analogous concept) in the related Co-Lender Agreement; or (ii) if no such applicable “remittance date”
(or analogous concept) is so specified in the related Co-Lender Agreement, then, if such Serviced Companion Loan is not included in
an Other Securitization Trust, the Master Servicer Remittance Date and, if such Serviced Companion Loan is included in an Other Securitization
Trust, the Business Day immediately following the “determination date” (or analogous concept) set forth in the related Other
Pooling and Servicing Agreement.

“Serviced Mortgage
Loan”: A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

“Serviced Outside
Controlled Whole Loan”: A Serviced Whole Loan with respect to which the related “controlling note” (regardless of
whether such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) is not an asset of the Trust. Each Servicing
Shift Whole Loan will be a Serviced Outside Controlled Whole Loan prior to the related Servicing Shift Date. Each Servicing Shift Whole
Loan will cease to be a Serviced Outside Controlled Whole Loan from and after the related Servicing Shift Date. Each Serviced AB Whole
Loan (other than the Yorkshire & Lexington Towers Whole Loan) will be a Serviced Outside Controlled Whole Loan for so long as a related
Subordinate Companion Loan is evidenced by the “control note” (or analogous concept), or the holder of a related Subordinate
Companion Loan is the “directing holder” (or analogous concept), under the related Co-Lender Agreement.

“Serviced Outside
Controlled Mortgage Loan”: With respect to a Serviced Outside Controlled Whole Loan, the related Serviced Mortgage Loan included
in the Trust, which is evidenced by one or more non-controlling promissory notes made by the related Mortgagor. Each Servicing Shift
Mortgage Loan will be a Serviced Outside Controlled Mortgage Loan prior to the related Servicing Shift Date. Each Servicing Shift Mortgage
Loan will cease to be a Serviced Outside Controlled Mortgage Loan on and after the related Servicing Shift Date. The Mortgage Loan included
in a Serviced AB Whole Loan (other than the Yorkshire & Lexington Towers Whole Loan) will be a Serviced Outside Controlled Mortgage
Loan for so long as a related Subordinate Companion Loan is evidenced by the “control note” (or analogous concept), or the
holder of a related Subordinate Companion Loan is the “directing holder” (or analogous concept), under the related Co-Lender
Agreement.

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“Serviced Pari Passu
Companion Loan”: A Pari Passu Companion Loan that is part of a Serviced Whole Loan. With respect to each Servicing Shift Mortgage
Loan and the related Servicing Shift Whole Loan, each related Pari Passu Companion Loan will cease to be a Serviced Pari Passu Companion
Loan on and after the related Servicing Shift Date.

“Serviced Pari Passu
Companion Loan Holder”: A holder of a Serviced Pari Passu Companion Loan.

“Serviced Pari Passu
Whole Loan”: A Pari Passu Whole Loan that is a Serviced Whole Loan. Each Servicing Shift Whole Loan will cease to be a Serviced
Pari Passu Whole Loan on and after the related Servicing Shift Date.

“Serviced Subordinate
Companion Loan”: A Subordinate Companion Loan that is part of a Serviced AB Whole Loan. The Trust Subordinate Companion Loan
is a Serviced Subordinate Companion Loan.

“Serviced Subordinate
Companion Loan Holder”: A holder of a Serviced Subordinate Companion Loan (other than the Trust Subordinate Companion Loan held
by the Trust).

“Serviced Trust
Loan”: Any Serviced Mortgage Loan or Trust Subordinate Companion Loan.

“Servicer”:
As defined in Section 10.02(b) of this Agreement.

“Servicer Indemnified
Party”: As defined in Section 8.05(c) of this Agreement.

“Servicer Termination
Event”: As defined in Section 7.01 of this Agreement.

“Servicing Criteria”:
The criteria set forth in paragraph (d) of Item 1122 of Regulation AB, as such may be amended from time to time.

“Servicing Fee”:
With respect to each Mortgage Loan (including each Mortgage Loan that is a Specially Serviced Loan and each Outside Serviced Mortgage
Loan), each REO Mortgage Loan, each Serviced Companion Loan (including each Serviced Companion Loan that is a Specially Serviced Loan)
and each REO Companion Loan that is included as part of a Serviced Whole Loan and for any Distribution Date, the amount accrued during
the related Interest Accrual Period at the related Servicing Fee Rate on, in the case of the initial Distribution Date, the Cut-Off
Date Balance and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan, REO Mortgage Loan,
Serviced Companion Loan or REO Companion Loan, as the case may be, as of the close of business on the Distribution Date in the related
Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis
respecting which any related interest payment due or deemed due on the related Mortgage Loan or Serviced Whole Loan is computed and shall
be prorated for partial periods; and provided, further, that, notwithstanding Section 3.05, Section 3.06
or Section 3.12 of this Agreement, (1) the Servicing Fee shall be payable from the Lower-Tier REMIC and (2) the
portion thereof payable with respect to each Outside Serviced Mortgage Loan to the applicable Outside Servicer shall be calculated and
paid under the applicable Outside Servicing Agreement,

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shall not be payable to the Master Servicer,
shall previously have been deducted by the applicable Outside Servicer prior to remittance to the Trust and shall not be withdrawn from
the Collection Account.

“Servicing Fee Rate”:
With respect to each Mortgage Loan (including any Outside Serviced Mortgage Loan) (or any successor REO Mortgage Loan with respect thereto),
the per annum rate equal to the sum of the rates set forth under the columns labeled “Master Servicing Fee Rate (%)”,
“Primary Servicing Fee Rate (%)”, “Subservicing Fee Rate (%)” and “Outside Servicing Fee Rate (%)”
on the Mortgage Loan Schedule; with respect to the Trust Subordinate Companion Loan, 0.00250%; and with respect to each Serviced Companion
Loan (other than the Trust Subordinate Companion Loan), the per annum rate set forth under the column labeled “Serviced Companion
Loan Servicing Fee (%)” on the Mortgage Loan Schedule.

“Servicing File”:
Any documents (other than documents required to be part of the related Mortgage File but including copies of such documents required to
be part of the related Mortgage File) related to the origination or the servicing of a Trust Loan that are in the possession of or
under the control of the applicable Mortgage Loan Seller, including but not limited to appraisals, environmental reports, engineering
reports, legal opinions, and the applicable Mortgage Loan Seller’s asset summary, delivered to the Master Servicer or the Special
Servicer; provided that no information that is proprietary to the related Mortgage Loan Seller or any draft documents, privileged
or other related Mortgage Loan Seller communications, credit underwriting, due diligence analyses or data, or internal worksheets, memoranda,
communications or evaluations shall be required to be delivered as part of the Servicing File. Notwithstanding anything to the contrary
contained herein, with respect to each Outside Serviced Mortgage Loan, the Servicing File shall consist solely of any related documents
or records generated by the Master Servicer or Special Servicer hereunder or received by either of them from the applicable Outside Servicer
or Outside Special Servicer.

“Servicing Function
Participant”: Any Additional Servicer, Sub-Servicer, Subcontractor or any other Person, other than the Certificate Administrator,
the Operating Advisor, the Master Servicer, the Special Servicer and the Trustee, that is performing activities that address the Servicing
Criteria, unless such Person’s activities relate only to 5% or less of the Mortgage Loans by unpaid principal balance calculated
in accordance with the provisions of Regulation AB.

“Servicing Officer”:
Any officer or employee of the Master Servicer or the Special Servicer, as applicable, involved in, or responsible for, the administration
and servicing of the Mortgage Loans and the Serviced Companion Loans or this Agreement and also, with respect to a particular matter,
any other officer to whom such matter is referred because of such officer’s or employee’s knowledge of and familiarity with
the particular subject, and, in the case of any certification required to be signed by a Servicing Officer, such an officer or employee
whose name and specimen signature appears on a list of servicing officers furnished to the Trustee, the Operating Advisor and the Certificate
Administrator by the Master Servicer or the Special Servicer, as applicable, as such list may from time to time be amended.

“Servicing Shift
Date”: With respect to any Servicing Shift Whole Loan, the date on which the related Pari Passu Companion Loan evidenced by
the Servicing Shift Lead Note is included in an Outside Securitization Trust, and which is also the date on which the pooling and

    	 	- 126 -	 

     

    

servicing agreement or other comparable agreement
governing the creation of such Outside Securitization Trust becomes the Outside Servicing Agreement for such Servicing Shift Whole Loan.

“Servicing Shift
Lead Note”: With respect to any Servicing Shift Whole Loan, the related Note, the securitization of which shall cause the servicing
of such Servicing Shift Whole Loan to shift to the applicable pooling and servicing agreement or other comparable agreement governing
that securitization. With respect to any Servicing Shift Whole Loan, the related Servicing Shift Lead Note as of the Closing Date is identified
in the footnotes to the Whole Loan Table.

“Servicing Shift
Whole Loan”: Any Whole Loan that is initially serviced under this Agreement provided, that upon the inclusion of a designated
related Companion Loan in a future securitization, the servicing of such Whole Loan will shift to the pooling and servicing agreement
or other comparable agreement governing the securitization of such related Companion Loan (whether by itself or with other mortgage assets).
A Servicing Shift Whole Loan will be (i) a Serviced Whole Loan prior to the related Servicing Shift Date servicing and (ii) an Outside
Serviced Whole Loan on and after the related Servicing Shift Date. The only Servicing Shift Whole Loans related to the Trust as of the
Closing Date are the Whole Loans as to which “Servicing Shift” is set forth in the Whole Loan Table under the column heading
“Servicing Type.”

“Servicing Shift
Mortgage Loan”: Any Mortgage Loan that is part of a Servicing Shift Whole Loan.

“Servicing Shift
Mortgage Loan Pooling and Servicing Agreement”: With respect to a Servicing Shift Mortgage Loan or a Servicing Shift Whole Loan,
on and after the related Servicing Shift Date, the related pooling and servicing agreement or other comparable agreement governing the
creation of the Outside Securitization Trust that holds the related Pari Passu Companion Loan evidenced by the related Servicing Shift
Lead Note.

“Servicing Standard”:
With respect to the Master Servicer or the Special Servicer, to service and administer the Serviced Loans and any REO Properties that
such party is obligated to service and administer hereunder, on behalf of the Trust Fund and the Trustee (as the trustee for the Certificateholders
and the Uncertificated VRR Interest Owner or, with respect to each Serviced Whole Loan, on behalf of the Certificateholders, the Uncertificated
VRR Interest Owner and the related Serviced Companion Loan Holder(s), as a collective whole as if such Certificateholders and the Uncertificated
VRR Interest Owner or, with respect to each Serviced Whole Loan, such Certificateholders, the Uncertificated VRR Interest Owner and the
related Serviced Companion Loan Holder(s), constituted a single lender (and, in the case of a Serviced AB Whole Loan, taking into account
the subordinate nature of any related Subordinate Companion Loan(s))), in accordance with the terms of this Agreement and in accordance
with the following: (i) the higher of the following standards of care: (A) with the same care, skill, prudence and diligence
with which the Master Servicer or the Special Servicer, as the case may be, services and administers comparable mortgage loans with similar
borrowers and comparable REO properties for other third-party portfolios (giving due consideration to the customary and usual standards
of practice of prudent institutional commercial mortgage lenders servicing their own mortgage loans and REO properties); and (B) with
the same care, skill, prudence and diligence with which the Master

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Servicer or the Special Servicer, as the case
may be, services and administers comparable mortgage loans and REO properties owned by the Master Servicer or the Special Servicer, as
the case may be; and in either case, exercising reasonable business judgment and acting in accordance with applicable law, the terms of
the respective Serviced Loans and, if applicable, the related Co-Lender Agreement; (ii) with a view to: the timely recovery of
all payments of principal and interest, including Balloon Payments, under the Serviced Loans or, in the case of (1) a Specially Serviced
Loan or (2) a Mortgage Loan or Serviced Whole Loan as to which the related Mortgaged Property is an REO Property, the maximization
of recovery on that Mortgage Loan or Serviced Whole Loan to the Certificateholders and the Uncertificated VRR Interest Owner (as a collective
whole as if such Certificateholders and the Uncertificated VRR Interest Owner constituted a single lender) (or, if a Serviced Whole Loan
is involved, with a view to the maximization of recovery on such Serviced Whole Loan to the Certificateholders, the Uncertificated VRR
Interest Owner and the related Serviced Companion Loan Holder(s) (as a collective whole as if such Certificateholders, the Uncertificated
VRR Interest Owner and Serviced Companion Loan Holder(s) constituted a single lender (and, in the case of a Serviced AB Whole Loan, taking
into account the subordinate nature of any related Subordinate Companion Loan(s)))) of principal and interest, including Balloon Payments,
on a present value basis (the relevant discounting of anticipated collections that will be distributable to the Certificateholders and
the Uncertificated VRR Interest Owner (or, in the case of any Serviced Whole Loan, to the Certificateholders, the Uncertificated VRR Interest
Owner and the related Companion Loan Holder) to be performed at the Calculation Rate); and (iii) without regard to (A) any relationship,
including as lender on any other debt, that the Master Servicer or the Special Servicer, as the case may be, or any Affiliate thereof,
may have with any of the related Mortgagors, or any Affiliate thereof, or any other party to this Agreement; (B) the ownership of
any Certificate (or any Companion Loan or other indebtedness secured by the related Mortgaged Property or any security backed by a Companion
Loan) by the Master Servicer or the Special Servicer, as the case may be, or any Affiliate thereof; (C) the obligation of the Master
Servicer to make Advances; (D) the right of the Master Servicer or the Special Servicer, as the case may be, or any Affiliate thereof,
to receive compensation or reimbursement of costs hereunder generally or with respect to any particular transaction; and (E) the
ownership, servicing or management for others of any other mortgage loan or real property not subject to this Agreement by the Master
Servicer or the Special Servicer, as the case may be, or any Affiliate thereof; provided that the foregoing standards shall apply
with respect to an Outside Serviced Mortgage Loan and any related REO Property only to the extent that the Master Servicer or the Special
Servicer has any express duties or rights to grant consent with respect thereto pursuant to this Agreement.

“Servicing Transfer
Event”: With respect to any Serviced Mortgage Loan or any Serviced Whole Loan, the occurrence of any of the events described
in clauses (a) through (g) of the definition of “Specially Serviced Loan” , subject to the terms of such definition.

“Significant Obligor”:
Any “significant obligor” (within the meaning of Item 1101(k) of Regulation AB) (i) with respect to the Trust, or (ii)
with respect to a Serviced Companion Loan and an Other Securitization Trust, as to which the applicable Other Depositor has notified the
Master Servicer in writing is a “significant obligor” (within the meaning of Item 1101(k) of Regulation AB) as to such
Other Securitization Trust. There is no Significant Obligor with respect to the Trust.

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“Significant Obligor
NOI Quarterly Filing Deadline”: With respect to each calendar quarter (other than the fourth calendar quarter of any calendar
year) and each Significant Obligor, the date that is fifteen (15) days after the Relevant Distribution Date occurring on or immediately
following the date by which the related Mortgagor is required to deliver quarterly financial statements to the lender under the related
Loan Agreement in connection with such calendar quarter (which date is set forth in Section 10.11(a) for any Significant Obligor
with respect to the Trust).

“Significant Obligor
NOI Yearly Filing Deadline”: With respect to each calendar year and each Significant Obligor, the date that is the 90th day
after the end of such calendar year.

“Similar Law”:
As defined in Section 5.03(n) of this Agreement.

“SMC”:
Starwood Mortgage Capital LLC, a Delaware limited liability company, and its successors in interest.

“SMC Co-sponsored
Note”: The SMC Yorkshire & Lexington Towers Note.

“SMC Co-sponsored
Mortgage Loan”: The Yorkshire & Lexington Towers Mortgage Loan.

“SMC Mortgage Loan
Purchase Agreement”: The mortgage loan purchase agreement, dated as of June 1, 2022, by and between SMC and the Depositor.

“SMC Mortgage Loans”:
The Mortgage Loans (or portions thereof) transferred by SMC to the Depositor and/or the Trust pursuant to the SMC Mortgage Loan Purchase
Agreement and this Agreement.

“SMC Yorkshire &
Lexington Towers Note”: With respect to the Yorkshire & Lexington Towers Mortgage Loan, that certain promissory note A-11
with an outstanding principal balance as of the Cut-off Date of $20,000,000, made by the related Mortgagor in favor of SMC, as the same
may hereafter be amended, restated, replaced, extended, renewed, supplemented, consolidated, severed, split or otherwise modified.

“Special Notice”:
As defined in Section 5.07(b).

“Special Servicer”:
With respect to (a) each Serviced Loan (other than the Yorkshire & Lexington Towers Whole Loan), Greystone Servicing Company
LLC, or its successor in interest, or any successor Special Servicer appointed as provided herein and (b) the Yorkshire &
Lexington Towers Whole Loan, Rialto Capital Advisors, LLC, or its successor in interest, or any successor Special Servicer appointed
as provided herein, which successor Special Servicer shall, in the case of each of clauses (a) and (b) of this definition, with respect
to any related Excluded Special Servicer Mortgage Loan, include the related Excluded Mortgage Loan Special Servicer appointed pursuant
to Section 6.08(j) of this Agreement, in each case as applicable and as the context may require. All references in this
Agreement to the “Special Servicer” mean, (x) with respect to each Serviced Loan or Serviced Whole Loan, the applicable Special
Servicer that acts as the special servicer for such Serviced Loan or Serviced Whole Loan, as applicable and (y)

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only each applicable Special Servicer with
respect to the representations, warranties and covenants of the Special Servicers in Section 2.08.

“Special Servicer
Decision”: With respect to any Serviced Loan or Serviced Whole Loan, any of the following (to the extent it is not a Major Decision):

(a)       approving
leases, lease modifications or amendments or any requests for subordination, non-disturbance and attornment agreements or other similar
agreements for (i) all ground leases, including any determination whether to cure any borrower defaults relating to any ground lease,
and (ii) all other leases in excess of the lesser of (y) 30,000 square feet and (z) 30% of the net rentable square footage at
the related Mortgaged Property so long as it is reviewable by the lender under the related Loan Documents;

(b)       approving
any waiver regarding the receipt of financial statements (other than an immaterial timing waiver including late financial statements);

(c)       approving
annual budgets for the related Mortgaged Property (to the extent lender approval is required under the related Loan Documents) that provide
for (i) operating expenses equal to more than 110% of the amount that was budgeted therefor in the prior year or (ii) payments
to Persons or entities known by the Master Servicer to be affiliates of the related Mortgagor (excluding affiliated managers paid at fee
rates agreed to at the origination of the related Mortgage Loan or Whole Loan);

(d)       approving
rights of way and easements that materially affect the use or value of a Mortgaged Property or the Mortgagor’s ability to make payments
with respect to the related Mortgage Loan and approving consent to subordination of the related Mortgage Loan to such rights of way and
easements;

(e)       agreeing
to any modification, waiver, consent or amendment of the related Mortgage Loan or Whole Loan in connection with a defeasance if such proposed
modification, waiver, consent or amendment is with respect to (i) a waiver of a Mortgage Loan event of default (but excluding non-monetary
events of default other than defaults relating to transfers of interest in the related Mortgagor or the existing collateral or material
modifications of the existing collateral), (ii) a modification of the type of defeasance collateral required under the related Loan Documents
such that defeasance collateral other than direct, non-callable obligations of the United States would be permitted or (iii) a modification
that would permit a Principal Prepayment instead of defeasance if the related Loan Documents do not otherwise permit such Principal Prepayment;

(f)         in
circumstances where no lender discretion is permitted other than confirming that the conditions in the related Loan Documents have been
satisfied (including determining whether any applicable terms or tests are satisfied), approving any request to incur additional debt
in accordance with the terms of the related Loan Documents;

(g)        approving
any requests for the funding or disbursement of amounts from any escrow accounts, reserve funds or letters of credit held as “performance-based”,

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“earn-out” or “holdback”
escrows or reserves with respect to (i) any Serviced Loan as to which such escrows or reserves exceeded, as at the time of origination,
10% of the original principal balance of such Serviced Loan, regardless of whether such funding or disbursements may be characterized
as routine and/or customary escrow and reserve fundings or disbursements for which the satisfaction of performance-related criteria
is not required pursuant to the terms of the related Loan Documents, (ii) any Mortgage Loan as to which such escrows or reserves may not
be characterized as routine and/or customary escrows, and (iii) any Specified Mortgage Loans (for the avoidance of doubt with respect
to sub-clauses (i) and (ii) above, any request for the funding or disbursement of ordinary course impounds, repair and replacement
reserves, lender approved budget and operating expenses, and tenant improvements pursuant to an approved lease, each in accordance with
the related Loan Documents or any other funding or disbursement as mutually agreed upon by the Master Servicer and the Special Servicer,
shall not constitute a Special Servicer Decision);

(h)       in
circumstances where no lender discretion is required other than confirming satisfaction of the applicable terms of the related Loan Documents
(including determining whether any applicable terms or tests are satisfied), approving requests for any release of collateral or any acceptance
of substitute or additional collateral for a Mortgage Loan; provided that, in any case, Special Servicer Decisions will not include (i)
grants of easements or rights of way that do not materially affect the use or value of the Mortgaged Property or the Mortgagor’s
ability to make any payments with respect to the Mortgage Loan; or (ii) the release, substitution or addition of collateral securing any
Serviced Mortgage Loan or Serviced Whole Loan in connection with a defeasance of such collateral;

(i)          any
modification, consent to a modification or waiver of any material term of any intercreditor or similar agreement (which shall not include
any amendments to split or re-size notes consistent with the terms of any Co-Lender Agreement as to which the consent of the holder of
the related Mortgage Loan is not required) related to a Serviced Mortgage Loan or Serviced Whole Loan, or any action to enforce rights
with respect thereto, except that, if any such modification or amendment would adversely impact the Master Servicer, such modification
or amendment will additionally require the consent of the Master Servicer as a condition to its effectiveness;

(j)          approving
any transfers of an interest in the Mortgagor under a Serviced Mortgage Loan or an assumption agreement, unless such transfer or assumption
(i) is allowed under the terms of the related Loan Documents without the exercise of any lender approval or discretion other than confirming
the satisfaction of the other conditions to the transfer or assumption set forth in the related Loan Documents that do not include any
other approval or exercise of discretion, including a consent to transfer to any subsidiary or affiliate of such Mortgagor or to a Person
acquiring less than a majority interest in such Mortgagor and (ii) does not involve incurring new mezzanine financing or a change in control
of the Mortgagor;

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

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(l)          any
approval of any casualty insurance settlements (unless such casualty insurance settlements are less than the threshold specified in the
related Loan Documents and there is no lender discretion provided for in the related Loan Documents, including determining whether any
conditions precedent have been satisfied) or condemnation settlements (unless such condemnation settlements are immaterial and there is
no lender discretion provided for in the related Loan Documents, including determining whether any conditions precedent have been satisfied),
and any determination to apply casualty proceeds or condemnation awards to the reduction of the debt rather than to the restoration of
the Mortgaged Property; and

(n)       any
determination whether to permit any ground lease modification, amendment or subordination, non-disturbance and attornment agreement or
entry into a new ground lease other than pursuant to the specific terms of such Serviced Loan and for which there is no lender discretion
or any determination whether to cure a default by borrower under a ground lease.

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

“Special Servicing
Compensation”: With respect to any Serviced Mortgage Loan, Serviced Whole Loan or REO Property (other than an REO Property related
to an Outside Serviced Mortgage Loan), any of the Special Servicing Fee, the Workout Fee, and the Liquidation Fee which shall be due to
the Special Servicer.

“Special Servicing
Fee”: With respect to each Specially Serviced Loan and REO Property (other than an REO Property related to an Outside Serviced
Mortgage Loan) and any Distribution Date, an amount accrued during the related Interest Accrual Period at the applicable Special Servicing
Fee Rate on the Stated Principal Balance of the related Specially Serviced Loan as of the close of business on the Distribution Date
in such Interest Accrual Period; provided that (a) such amounts shall be computed for the same period and on the same interest
accrual basis respecting which any related interest payment due or deemed due on the related Specially Serviced Loan is computed and shall
be prorated for partial periods and (b) such fee shall be payable monthly (i) in the case of a Serviced Whole Loan, from collections on
such Serviced Whole Loan; and (ii) in the case of a Mortgage Loan (including a Mortgage Loan that is part of a Serviced Whole Loan, if
the fee remains unpaid as described in the immediately preceding clause (i)), from general collections on all the Mortgage Loans
and any REO Properties.

“Special Servicing
Fee Rate”: With respect to any Specially Serviced Loan (or related Serviced Whole Loan, if applicable) or REO Property (other
than an REO Property related to an Outside Serviced Mortgage Loan), a rate equal to (a) 0.25% per annum or (b) if the
rate in clause (a) would result in a Special Servicing Fee that would be less than $3,500 in any given month (as prorated for a partial
period), then the Special Servicing Fee Rate for such month for such Specially Serviced Loan (or related Serviced Whole Loan, if applicable)
or REO Property shall be such higher per annum rate as would result in a Special Servicing Fee equal to $3,500 for such month (as prorated
for a partial period) with respect to such Specially Serviced Loan (or related Serviced Whole Loan, if applicable) or REO Property.

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“Specially Serviced
Loan”: Any Serviced Loan (including a related REO Mortgage Loan or REO Companion Loan) as to which any of the following events
has occurred (taking into account any cure rights of any related Serviced Subordinate Companion Loan Holder under the related Co-Lender
Agreement.):

(a)       the
related Mortgagor has failed to make when due any Monthly Payment or a Balloon Payment, which failure continues unremedied (without regard
to any grace period):

(i)       except
in the case of a Balloon Loan delinquent in respect of its Balloon Payment, beyond 60 days after the date on which the subject payment
was due, or

(ii)      solely
in the case of a delinquent Balloon Payment, (A) one Business Day after the date on which that Balloon Payment was due (except as described
in clause B below) or (B) if (1) the related Mortgagor has delivered to the Master Servicer or the Special Servicer (each of whom
shall promptly deliver a copy to the other and any applicable Directing Holder and Consulting Party), on or before the date on which that
Balloon Payment was due, a refinancing commitment, letter of intent or otherwise binding application or other similar binding document
for refinancing from an acceptable lender or signed purchase agreement related to the sale of the related Mortgaged Property reasonably
acceptable to the Special Servicer, (2) the related Mortgagor continued to make its Monthly Payments on each Due Date, and (3) no other
Servicing Transfer Event has occurred with respect to the Serviced Loan, then a Servicing Transfer Event will not occur until the earlier
of (x) 120 days after the date on which the Balloon Payment was due and (y) the termination of the refinancing commitment, letter
of intent or otherwise binding application or similar binding document or the purchase agreement; or

(b)       there
shall have occurred a default (other than as set forth in clause (a) above and other than an Acceptable Insurance Default) that (i)
the Master Servicer or the Special Servicer (and, in the case of the Special Servicer, with the consent of any applicable Directing Holder)
determines materially impairs the value of the related Mortgaged Property as security for the Serviced Loan or otherwise materially adversely
affects the interests of Certificateholders and the Uncertificated VRR Interest Owner in the Serviced Mortgage Loan (or, in the case of
a Serviced Whole Loan, the interests of the Certificateholders, the Uncertificated VRR Interest Owner and the related Serviced Companion
Loan Holder(s) in such Serviced Whole Loan), and (ii) continues unremedied for the applicable grace period under the terms of the
Serviced Loan (or, if no grace period is specified and the default is capable of being cured, for 60 days); provided, that
any default requiring a Property Advance will be deemed to materially and adversely affect the interests of the Certificateholders and
the Uncertificated VRR Interest Owner in the subject Serviced Mortgage Loan (or, in the case of a Serviced Whole Loan, the interests of
the Certificateholders, the Uncertificated VRR Interest Owner and the related Serviced Companion Loan Holder(s) in such Serviced Whole
Loan); or

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(c)       a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in any involuntary case under any present
or future federal or state bankruptcy, insolvency or similar law, or the appointment of a conservator, receiver or liquidator in any insolvency,
readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs,
shall have been entered into against the related Mortgagor; or

(d)       the
related Mortgagor consents to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment or debt, marshaling
of assets and liabilities or similar proceedings of or relating to such Mortgagor or of or relating to all or substantially all of its
property; or

(e)       the
related Mortgagor shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage
of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment
of its obligations; or

(f)         the
Master Servicer or the Special Servicer shall have received notice of the commencement of foreclosure or similar proceedings with respect
to the related Mortgaged Property; or

(g)       the
Master Servicer or the Special Servicer (and, in the case of the Special Servicer, with the consent of any applicable Directing Holder)
determines that (i) a default (other than an Acceptable Insurance Default) under the Serviced Loan is reasonably foreseeable, (ii) such
default would materially impair the value of the corresponding Mortgaged Property as security for such Serviced Loan or otherwise materially
adversely affects the interests of Certificateholders and the Uncertificated VRR Interest Owner in the Serviced Mortgage Loan (or, in
the case of a Serviced Whole Loan, the interests of the Certificateholders, the Uncertificated VRR Interest Owner or the related Serviced
Companion Loan Holder(s) in such Serviced Whole Loan), and (iii) the default is likely to continue unremedied for the applicable
cure period under the terms of such Serviced Loan or, if no cure period is specified and the default is capable of being cured, for 60 days;

provided, however, that a Serviced
Loan will cease to be a Specially Serviced Loan, when a Liquidation Event has occurred with respect to such Serviced Loan or any related
REO Property or, so long as at such time no circumstance identified in clauses (a) through (g) above exists that would cause the
subject Serviced Mortgage Loan or any related Serviced Companion Loan to continue to be characterized as a Specially Serviced Loan, when:

(w)       with
respect to the circumstances described in clause (a) of this definition, the related Mortgagor has made three consecutive full and
timely Monthly Payments under the terms of such Serviced Loan (as such terms may be changed or modified in connection with a bankruptcy
or similar proceeding involving the related Mortgagor or by reason of a modification, extension, waiver or amendment granted or agreed
to by the Master Servicer or the Special Servicer pursuant to Section 3.24 of this Agreement);

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(x)       with
respect to the circumstances described in clauses (c), (d), (e) and (g) of this definition, such circumstances cease to exist in
the good faith, reasonable judgment of the Special Servicer, but, with respect to any bankruptcy or insolvency proceedings described in
clauses (c), (d) and (e), no later than the entry of an order or decree dismissing such proceeding;

(y)       with
respect to the circumstances described in clause (b) of this definition, such default is cured as determined by the Special Servicer
in its reasonable, good faith judgment; and

(z)       with
respect to the circumstances described in clause (f) of this definition, such proceedings are terminated.

Notwithstanding the foregoing,
for purposes of clauses (a) (but solely with respect to delinquent Monthly Payments), (b), (e) and (g) of this definition, neither (i)
a Payment Accommodation with respect to any Serviced Loan nor (ii) any default or delinquency that would have existed but for such Payment
Accommodation shall constitute a Servicing Transfer Event or cause such Serviced Loan to be characterized as a Specially Serviced Loan,
for so long as the related Mortgagor is complying with the terms of such Payment Accommodation. For the avoidance of doubt, in the event
a borrower fails to comply with the terms of a Payment Accommodation (as determined by the Special Servicer in accordance with the Servicing
Standard), a determination as to whether any applicable event specified in the preceding sentence constitutes a Servicing Transfer Event
or causes such Serviced Loan to be characterized as a Specially Serviced Loan shall be made as though the Payment Accommodation never
occurred; provided, however, if, pursuant to this sentence, a Servicing Transfer Event is determined to occur prior to the date
of such borrower’s failure to comply with the terms of the related Payment Accommodation, then such Servicing Transfer Event will
be deemed to occur on the date of such borrower’s failure to comply. The Special Servicer may conclusively rely on the Master Servicer’s
determination and the Master Servicer may conclusively rely on the Special Servicer’s determination as to whether a Servicing Transfer
Event has occurred giving rise to a Serviced Loan’s becoming a Specially Serviced Loan. If any Serviced Mortgage Loan that is part
of a Serviced Whole Loan becomes a Specially Serviced Loan, then the related Serviced Companion Loan shall also become a Specially Serviced
Loan. If the Serviced Companion Loan that is included in a Serviced Whole Loan becomes a Specially Serviced Loan, then the related Serviced
Mortgage Loan that is part of such Serviced Whole Loan shall also become a Specially Serviced Loan.

“Specially Serviced
Mortgage Loan”: A Mortgage Loan that is, or is part of, a Specially Serviced Loan.

“Specified Mortgage
Loans”: The Mortgage Loans identified on Exhibit GG to this Agreement.

“Split Mortgage
Loan”: Any Mortgage Loan that is part of a Whole Loan. The only Split Mortgage Loans that are assets of the Trust as of the
Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Whole Loan Table
under the column heading “Loan No. for related Mortgage Loan.”

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“Sponsor”:
Each of CREFI, GSMC, SMC and BMO, and their respective successors in interest.

“Startup Day”:
The day designated as such pursuant to Section 2.12(c) of this Agreement.

“Stated Principal
Balance”: With respect to any Mortgage Loan or Trust Subordinate Companion Loan (other than an REO Trust Loan), as of any date
of determination, an amount equal to (a) the Cut-Off Date Balance of such Mortgage Loan or Trust Subordinate Companion Loan (or,
in the case of a Qualified Substitute Mortgage Loan, the unpaid principal balance of such Mortgage Loan (as of the date of substitution)
after application of all scheduled payments of principal and interest due during or prior to the month of substitution, whether or not
received), minus (b) the sum of (i) any and all amounts (without duplication) attributable to such Mortgage Loan or Trust Subordinate
Companion Loan that are part of the Scheduled Principal Distribution Amount, the Unscheduled Principal Distribution Amount, the Trust
Subordinate Companion Loan Scheduled Principal Distribution Amount and/or the Trust Subordinate Companion Loan Unscheduled Principal Distribution
Amount, as applicable, for each and every Distribution Date coinciding with or preceding such date of determination and (ii) any
adjustment to the principal balance of such Mortgage Loan or Trust Subordinate Companion Loan as a result of a reduction of principal
by a bankruptcy court or as a result of a modification reducing the principal balance of such Mortgage Loan or Trust Subordinate Companion
Loan as of the Determination Date for the most recent Distribution Date coinciding with or preceding such date of determination. The Stated
Principal Balance of a Mortgage Loan or Trust Subordinate Companion Loan with respect to which title to the related Mortgaged Property
has been acquired on behalf of the Trust Fund and, if such Trust Loan is part of a Whole Loan, the related Companion Loan Holder(s), is
equal to the Stated Principal Balance thereof outstanding on the date on which such title is acquired less any and all amounts attributable
to the related REO Trust Loan that are part of the Unscheduled Principal Distribution Amount or Trust Subordinate Companion Loan Unscheduled
Principal Distribution Amount, as applicable, and the principal portion of any P&I Advances with respect to such REO Trust Loan for
each and every Distribution Date coinciding with or preceding such date of determination but after the date on which such title is acquired.
With respect to any Serviced Companion Loan (other than the Trust Subordinate Companion Loan) (including any successor REO Companion Loan
with respect to such Serviced Companion Loan), as of any date of determination, the Stated Principal Balance shall equal the unpaid principal
balance of such Serviced Companion Loan as of the Cut-off Date, minus (i) all amounts remitted to the related Serviced Companion
Loan Holder on or prior to the most recent Distribution Date coinciding with or preceding such date of determination that are allocable
to principal of such Serviced Companion Loan and (ii) any adjustment to the principal balance of such Serviced Companion Loan as
a result of a reduction of principal by a bankruptcy court or as a result of a modification reducing the principal amount due on such
Serviced Companion Loan as of the Determination Date for the most recent Distribution Date coinciding with or preceding such date of determination.
Notwithstanding the foregoing, the Stated Principal Balance of a Mortgage Loan, Trust Subordinate Companion Loan or other Serviced Companion
Loan that has been paid in full or a Specially Serviced Loan with respect to which the Special Servicer has made a Final Recovery Determination
(or, in the case of an Outside Serviced Mortgage Loan, with respect to which the Outside Special Servicer has made an equivalent determination)
shall be zero from and after the Distribution Date related to the Collection Period in which such payment or determination

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is made. The Stated Principal Balance of a
Serviced Whole Loan (including an REO Whole Loan), as of any date of determination, shall equal the sum of the then Stated Principal Balances
of the related Mortgage Loan (including an REO Mortgage Loan) and the related Serviced Companion Loan(s) (including any related REO Companion
Loan(s)).

“Stockton Self Storage
Portfolio Mortgage Loan”: The Mortgage Loan evidenced by one pari passu promissory note designated as Note A-2 made by the related
Mortgagor (identified as Mortgage Loan No.15 on the Mortgage Loan Schedule) and secured by the Mortgage on the Stockton Self Storage Portfolio
Mortgaged Properties, which is included in the Trust and which is pari passu in right of payment to the Stockton Self Storage Portfolio
Pari Passu Companion Loan to the extent set forth in the related Loan Documents and as provided in the related Co-Lender Agreement.

“Stockton Self Storage
Portfolio Mortgaged Properties”: The underlying portfolio of real properties securing the Stockton Self Storage Portfolio Whole
Loan referred to in the Mortgage Loan Schedule as “Stockton Self Storage Portfolio” as more fully described in the related
Loan Documents.

“Stockton Self Storage
Portfolio Pari Passu Companion Loan”: The mortgage loan evidenced by one pari passu promissory note designated as Note A-1 made
by the related Mortgagor and secured by the Mortgage on the Stockton Self Storage Portfolio Mortgaged Properties, which is not included
in the Trust and is pari passu in right of payment to the Stockton Self Storage Portfolio Mortgage Loan to the extent set forth in the
related Loan Documents and as provided in the related Co-Lender Agreement.

“Stockton Self Storage
Portfolio Whole Loan”: The Whole Loan consisting of the Stockton Self Storage Portfolio Mortgage Loan and the Stockton Self
Storage Portfolio Pari Passu Companion Loan.

“Subcontractor”:
Any vendor, subcontractor or other Person that is not responsible for the overall or general servicing (as “servicing” is
commonly understood by participants in the mortgage-backed securities market) of Trust Loans but performs one or more discrete functions
of the Servicing Criteria with respect to Trust Loans under the direction or authority of the Master Servicer, the Special Servicer, the
Certificate Administrator, the Trustee, an Additional Servicer, or a Sub-Servicer.

“Subordinate Companion
Loan”: A Companion Loan that, to the extent provided in the related Loan Documents and/or the related Co-Lender Agreement,
is generally subordinate in right of payment to the related Split Mortgage Loan. The only Subordinate Companion Loans related to the Trust
as of the Closing Date are evidenced by the Notes identified in the Whole Loan Table under the column heading “Subordinate Companion
Loan(s),” each of which Notes evidences a separate Subordinate Companion Loan.

“Subordinate Companion
Loan Holder”: The holder of a Subordinate Companion Loan (other than the Trust Subordinate Companion Loan).

“Subordinate YM
Certificates”: As defined in Section 4.01(d) of this Agreement.

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“Substitution Shortfall
Amount”: With respect to a substitution pursuant to Section 2.03(a) of this Agreement, an amount equal to the excess,
if any, of the Purchase Price of the Mortgage Loan being replaced calculated as of the date of substitution over the Stated Principal
Balance of the related Qualified Substitute Mortgage Loan after application of all scheduled payments of principal and interest due during
or prior to the month of substitution. In the event that one or more Qualified Substitute Mortgage Loans are substituted (at the same
time by the same Mortgage Loan Seller) for one or more deleted Mortgage Loans, the Substitution Shortfall Amount shall be determined as
provided in the preceding sentence on the basis of the aggregate Purchase Prices of the Mortgage Loan or Mortgage Loans being replaced
and the aggregate Stated Principal Balances of the related Qualified Substitute Mortgage Loans.

“Sub-Servicer”:
Any Person that Services Trust Loans on behalf of the Master Servicer, the Special Servicer or an Additional Servicer and is responsible
for the performance (whether directly or through Sub-Servicers or Subcontractors) of all or a material portion of the Servicing functions
required to be performed by the Master Servicer, the Special Servicer or an Additional Servicer under this Agreement, with respect to
some or all of the Trust Loans. As of the Closing Date, the Sub-Servicer(s) set forth on Exhibit S to this Agreement will
be the Sub-Servicer for the related Mortgage Loan(s) set forth on Exhibit S to this Agreement.

“Sub-Servicing
Agreement”: The written contract between the Master Servicer, an Additional Servicer or the Special Servicer (if it is permitted
to appoint sub-servicers pursuant to Section 3.01(c) of this Agreement), as the case may be, and any Sub-Servicer
relating to servicing and administration of Trust Loans as provided in Section 3.01(c) of this Agreement.

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

“Tax Returns”:
The federal income tax return on IRS Form 1066, U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return, including
Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable Income or Net Loss Allocation, or any successor forms,
to be filed on behalf of each Trust REMIC under the REMIC Provisions, and the federal income tax return to be filed by the Certificate
Administrator on behalf of the Grantor Trust due to its classification as a grantor trust under subpart E, part I of subchapter J
of the Code, together with any and all other information, reports or returns that may be required to be furnished to the Certificateholders
and/or the Uncertificated VRR Interest Owner or filed with the IRS or any other governmental taxing authority under any applicable provisions
of federal, state or local tax laws.

“Temporary Regulation S
Global Certificate”: As defined in Section 5.02(c)(i) of this Agreement.

“Terminated Party”:
As defined in Section 7.01(c) of this Agreement.

“Termination Date”:
The Distribution Date on which the Trust Fund is terminated pursuant to Section 9.01.

“Termination Purchase
Amount”: As of any time of determination, an amount equal to the sum of (A) the aggregate Purchase Price (excluding the
amount described in clause (g) of the definition of “Purchase Price”) of all the Mortgage Loans (exclusive of any successor
REO

    	 	- 138 -	 

     

    

Mortgage Loans with respect thereto) and any
Trust Subordinate Companion Loan (exclusive of any successor REO Companion Loan with respect thereto) then included in the Trust and (B) the
Appraised Value of the Trust’s portion of each REO Property, if any, then included in the Trust, as determined by the Special Servicer
(the relevant appraisals for purposes of this clause (B) shall be obtained by the Special Servicer and prepared by an Appraiser
in accordance with MAI standards).

“Test”:
As defined in Section 11.01(b)(iv).

“Third Party Reports”:
With respect to any Mortgaged Property, the related Appraisal, Phase I environmental report, Phase II environmental report,
seismic report or property condition report, if any.

“TPP Risk Retention
Requirements” means all of the requirements and obligations set forth in Rule 7 and/or Rule 12 of Regulation RR that
are applicable to a third-party purchaser who purchases an eligible horizontal residual interest or to its Affiliates, as such requirements
or obligations may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Regulatory
Agencies in the adopting release (79 FR 77601 et seq.) or by the staff of any such agency, or as may be provided by any such
agency or its staff from time to time, in each case, as effective from time to time as of the applicable date compliance is required.

“Threshold Event
Collateral”: As defined in Section 3.28(f).

“Transfer”:
Any direct or indirect transfer or other form of assignment of any Ownership Interest in a Class R Certificate.

“Transferee Affidavit”:
As defined in Section 5.03(p)(ii) of this Agreement.

“Transferor Letter”:
As defined in Section 5.03(p)(ii) of this Agreement.

“Treasury Regulations”:
Applicable final or temporary regulation of the U.S. Department of the Treasury.

“Trust”:
The trust created by this Agreement.

“Trust Certificate”:
A Certificate or a Loan-Specific Certificate, as the context may require.

“Trust Certificates”:
Collectively, the Certificates and the Loan-Specific Certificates.

“Trust Fund”:
The corpus of the trust created hereby and to be administered hereunder, consisting of: (i) such Mortgage Loans and Trust Subordinate
Companion Loan as from time to time are subject to this Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled
or unscheduled payments on or collections in respect of the Mortgage Loans and Trust Subordinate Companion Loan due after the Cut-Off
Date or, with respect to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating
to periods prior to, but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to

    	 	- 139 -	 

     

    

any REO Property relating to a Whole Loan,
only to the extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property
(but, with respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole
Loan); (v) the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans
and Trust Subordinate Companion Loan required to be maintained pursuant to this Agreement and any proceeds thereof; (vi) the Trustee’s
rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights under any indemnities
or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all of the Trustee’s
and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds of the Mortgage Loans
and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest Distribution Account,
the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any reinvestment income thereon;
(ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties; (x) the Depositor’s
rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section 2.01 of this
Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests; (xii) the Loss of
Value Reserve Fund; and (xiii) any Threshold Event Collateral.

“Trust Interest
Owner”: Individually or collectively, as the context may require, any Certificateholder, any Loan-Specific Certificateholder
or the Uncertificated VRR Interest Owner.

“Trust Interests”:
The Certificates, the Loan-Specific Certificates and the Uncertificated VRR Interests, collectively.

“Trust Loan”:
Any Mortgage Loan (including any successor REO Mortgage Loan) or Trust Subordinate Companion Loan (including any successor REO Companion
Loan) held in the Trust Fund.

“Trust Reimbursement
Amount”: As defined in Section 3.06A(a) of this Agreement.

“Trust Reimbursement
Amount No.1”: As defined in Section 3.06(a) of this Agreement.

“Trust Reimbursement
Amount No.2”: As defined in Section 3.06A(a) of this Agreement.

“Trust REMIC”:
Each of the Trust Subordinate Companion Loan REMIC, the Lower-Tier REMIC and the Upper-Tier REMIC.

“Trust Subordinate
Companion Loan”: The Yorkshire & Lexington Towers Subordinate Companion Loan. For the avoidance of doubt, the Yorkshire
& Lexington Towers Subordinate Companion Loan is the only Trust Subordinate Companion Loan relating to the Trust. Notwithstanding
anything to the contrary in this Agreement, with respect to each Co-sponsored Trust Subordinate Companion Loan (which consists of two
or more separate notes contributed to

    	 	- 140 -	 

     

    

the Trust by the related Applicable Co-sponsors),
the term “Trust Subordinate Companion Loan” shall mean the entire such Co-sponsored Trust Subordinate Companion Loan, except
that: (i) for the purposes of determining any rights or obligations of CREFI with respect to each CREFI Co-sponsored Trust Subordinate
Companion Loan under this Agreement or the CREFI Mortgage Loan Purchase Agreement, the term “Trust Subordinate Companion Loan”
shall refer to the portion of such CREFI Co-sponsored Trust Subordinate Companion Loan evidenced by the applicable CREFI Co-sponsored
Note and such promissory note(s) shall be treated like a separate Trust Subordinate Companion Loan; and (ii) for the purposes of determining
any rights or obligations of BMO with respect to each BMO Co-sponsored Trust Subordinate Companion Loan under this Agreement or the BMO
Mortgage Loan Purchase Agreement, the term “Trust Subordinate Companion Loan” shall refer to the portion of such BMO Co-sponsored
Trust Subordinate Companion Loan evidenced by the applicable BMO Co-sponsored Note and such promissory note(s) shall be treated like a
separate Trust Subordinate Companion Loan.

“Trust Subordinate
Companion Loan Available Funds”: The sum of the following amounts (without duplication) (which, for the avoidance of doubt,
will not include any amounts received in respect of the Mortgage Loans):

(a)       the
aggregate amount of all cash received on the Trust Subordinate Companion Loan and, to the extent allocable to the Trust Subordinate Companion
Loan, any related REO Property that is on deposit in the Collection Account (in each case, exclusive of any amount on deposit in or credited
to any portion of the Collection Account that is allocable to any Mortgage Loan or any other Companion Loan or held for the benefit of
the holders of the Regular Certificates, the holders of the Class S Certificates and/or the Uncertificated VRR Interest Owner) and/or
the Trust Subordinate Companion Loan REMIC Distribution Account as of the close of business on the Business Day immediately preceding
the Master Servicer Remittance Date, exclusive of any portion of the foregoing that represents (without duplication):

(i)       any
scheduled payments of principal and/or interest, including any Balloon Payments that are accompanied by interest due through the related
maturity date, paid by the related Mortgagor with respect to the Trust Subordinate Companion Loan, that are due (without regard to grace
periods) on a Due Date that occurs after the related Determination Date;

(ii)      payments
(scheduled or otherwise) of principal (including prepayments) and interest, Net Liquidation Proceeds, Net Insurance Proceeds and Net Condemnation
Proceeds and other unscheduled recoveries allocable to the Trust Subordinate Companion Loan that were received after the related Determination
Date;

(iii)     amounts
payable or reimbursable to any Person (other than the Loan-Specific Certificateholders) from the Collection Account pursuant to clauses
(ii) through (ix), inclusive, of Section 3.06(a) of this Agreement;

(iv)      with
respect to any Distribution Date occurring in January (other than during a leap year) or February of any calendar year (unless such Distribution

    	 	- 141 -	 

     

    

Date is the final Distribution Date), the
Withheld Amount related to the Trust Subordinate Companion Loan to the extent those funds are on deposit in the Collection Account;

(v)       Yield
Maintenance Charges on the Trust Subordinate Companion Loan (which are separately distributed to holders of the Loan-Specific Certificates);

(vi)      amounts
deposited in the Collection Account or the Trust Subordinate Companion Loan REMIC Distribution Account in error; and/or

(vii)    late
payment charges or accrued interest on the Trust Subordinate Companion Loan allocable to the default interest rate for the Trust Subordinate
Companion Loan, to the extent permitted by law, excluding any interest calculated at the Mortgage Rate for the Trust Subordinate Companion
Loan;

(b)       if
and to the extent not already included in clause (a) of this definition for the subject Distribution Date, the aggregate amount allocable
to the Trust Subordinate Companion Loan transferred from the REO Account to the Collection Account for the subject Distribution Date,
to the extent that such transfer is made or such remittance is received by the close of business on the Business Day immediately preceding
the related Master Servicer Remittance Date;

(c)       all
Compensating Interest Payments made by the Master Servicer with respect to the Trust Subordinate Companion Loan for the subject Distribution
Date and P&I Advances made by the Master Servicer or the Trustee, as applicable, with respect to the Trust Subordinate Companion Loan
for the subject Distribution Date (net of the related Trustee/Certificate Administrator Fee, if any, with respect to the Trust Subordinate
Companion Loan for which such Compensating Interest Payments or P&I Advances are made, to the extent not already deducted from Trust
Subordinate Companion Loan Available Funds pursuant to clause (a)(iii) of this definition); and

(d)       with
respect to any Distribution Date occurring in March (or February, if such Distribution Date is the final Distribution Date), commencing
in 2023, the related Withheld Amounts related to the Trust Subordinate Companion Loan as required to be deposited in the Trust Subordinate
Companion Loan REMIC Distribution Account.

“Trust Subordinate
Companion Loan Principal Balance” or “Yorkshire & Lexington Towers Principal Balance”: The principal
amount of any Trust Subordinate Companion Loan Regular Interest outstanding as of any date of determination. As of the Closing Date, the
Trust Subordinate Companion Loan Principal Balance of each Trust Subordinate Companion Loan Regular Interest shall equal the original
Trust Subordinate Companion Loan Principal Balance as set forth in the Preliminary Statement hereto. On each Distribution Date, the Trust
Subordinate Companion Loan Principal Balance of each Trust Subordinate Companion Loan Regular Interest shall be permanently reduced by
all distributions of principal deemed to have been made in respect of such Trust Subordinate Companion Loan Regular Interest on such Distribution
Date pursuant to Section 4.01(a)(iii) of this Agreement, and shall be further permanently reduced on such Distribution Date
by all applicable Realized Losses deemed to have been allocated thereto on such

    	 	- 142 -	 

     

    

Distribution Date pursuant to Section 4.01(f)
of this Agreement, such that at all times the Trust Subordinate Companion Loan Principal Balance of a Trust Subordinate Companion Loan
Regular Interest shall equal the Certificate Balance of the Corresponding Certificates. The Trust Subordinate Companion Loan Principal
Balance of any Trust Subordinate Companion Loan Regular Interest may be increased on a particular Distribution Date as and to the extent
contemplated by Section 4.01(g) of this Agreement.

“Trust Subordinate
Companion Loan Regular Interests” or “Yorkshire & Lexington Towers Regular Interests”: The respective
classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Trust Subordinate Companion Loan
REMIC, designated as the Class LYL-A, Class LYL-B, Class LYL-C, Class LYL-D and Class LYLRR Regular Interests.

“Trust Subordinate
Companion Loan REMIC” or “Yorkshire & Lexington Towers REMIC” : One of three separate REMICs comprising
a portion of the Trust Fund, which consists of the Trust Subordinate Companion Loan and the proceeds thereof, any allocable portion of
any related REO Property with respect thereto, the related REO Account (to the extent of amounts therein allocable to the Trust Subordinate
Companion Loan), the Trust Subordinate Companion Loan REMIC Distribution Account and the Interest Reserve Account (to the extent of amounts
therein allocable to the Trust Subordinate Companion Loan).

“Trust Subordinate
Companion Loan REMIC Distribution Account” or “Yorkshire & Lexington Towers REMIC Distribution Account”:
The account or accounts created and maintained as a separate account (or separate sub-account within the same account as another Distribution
Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any
changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Computershare Trust Company, National
Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered
Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48, Trust Subordinate
Companion Loan REMIC Distribution Account” and which must be an Eligible Account. The Trust Subordinate Companion Loan REMIC Distribution
Account shall be an asset of the Trust Subordinate Companion Loan REMIC.

“Trust Subordinate
Companion Loan Residual Interest” or “Yorkshire & Lexington Towers Residual Interest”: The sole class
of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Trust Subordinate Companion Loan REMIC
and evidenced by the Class R Certificates.

“Trust Subordinate
Companion Whole Loan”: Any Whole Loan that includes a Trust Subordinate Companion Loan. The only Trust Subordinate Companion
Whole Loan related to the Trust is the Yorkshire & Lexington Towers Whole Loan.

“Trustee”:
Wilmington Trust, National Association, a national banking association, in its capacity as trustee, or its successor in interest, or any
successor trustee appointed as herein provided.

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

“Trustee/Certificate
Administrator Fee”: With respect to each Mortgage Loan and for any Distribution Date, an amount accrued during the related Interest
Accrual Period at the Trustee/Certificate Administrator Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date
Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan
as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be
computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on
the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the Trustee/Certificate Administrator
Fee shall be payable from the Lower-Tier REMIC.

“Trustee/Certificate
Administrator Fee Rate”: With respect to each Mortgage Loan, a rate equal to 0.01216% per annum.

“Uncertificated
VRR Interest”: An uncertificated interest in the Trust representing the right to receive or be allocated pursuant to Section
4.01(c) a pro rata portion (based on the Uncertificated VRR Interest Balance relative to the sum of the Certificate Balance of the
Class VRR Certificates and the Uncertificated VRR Interest Balance) of any Combined VRR Available Funds and any Appraisal Reduction Amounts,
Yield Maintenance Charges, Prepayment Interest Shortfalls, and Excess Interest allocated to the Combined VRR Interest. The Uncertificated
VRR Interest evidences beneficial ownership of a portion of the Class VRR Specific Grantor Trust Assets. For the avoidance of doubt, the
parties hereto agree not to treat the Uncertificated VRR Interest as a security under applicable law. For tax reporting purposes, the
Uncertificated VRR Interest will accrue interest at the WAC Rate in effect from time to time.

“Uncertificated
VRR Interest Balance”: With respect to the Uncertificated VRR Interest, (a) as of any date of determination on or prior
to the first Distribution Date, an amount equal to the initial Uncertificated VRR Interest Balance as specified in the Preliminary Statement
hereto, and (b) as of any date of determination after the first Distribution Date, an amount equal to the Uncertificated VRR Interest
Balance on the Distribution Date immediately prior to such date of determination, after any actual distributions of principal thereon
and allocations of applicable Realized Losses thereto on such prior Distribution Date, and after any increases to the Uncertificated VRR
Interest Balance on such prior Distribution Date (as and to the extent provided in Section 4.01(g) of this Agreement) in connection
with recoveries of Nonrecoverable Advances previously reimbursed out of collections of principal on the Mortgage Loans.

“Uncertificated
VRR Interest Owner”: Any Person in whose name the Uncertificated VRR Interest is registered on the Certificate Register or other
registry of ownership maintained by the Certificate Administrator.

“Underwriter Exemption”:
Collectively, (a) Prohibited Transaction Exemption 91-23, granted to a predecessor of Citigroup Global Markets Inc., (b) Prohibited
Transaction Exemption 89-88 granted to Goldman Sachs & Co. LLC, and (c) the Prohibited Transaction Exemption 2013-08 granted to BMO
Capital Markets Corp. or a predecessor thereof, each as most

    	 	- 144 -	 

     

    

recently amended by Prohibited Transaction
Exemption 2013-08 and as further amended by the Department of Labor from time to time.

“Underwriters”:
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and BMO Capital Markets Corp.

“Unliquidated Advance”:
Any Advance previously made by a party hereto that has been previously reimbursed, as between the Person that made the Advance hereunder,
on the one hand, and the Trust Fund, on the other, as part of a Workout-Delayed Reimbursement Amount pursuant to subsections (ii) (B)
and (C) of Section 3.06(a) of this Agreement but that has not been recovered from the Mortgagor or otherwise from
collections on or the proceeds of the Mortgage Loan or REO Property in respect of which the Advance was made.

“Unscheduled Principal
Distribution Amount”: With respect to any Distribution Date, an amount equal to the aggregate of: (a) all Principal Prepayments
received on the Mortgage Loans during the related Collection Period (or, in the case of the Outside Serviced Mortgage Loans, all Principal
Prepayments received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date); and
(b) any other collections (exclusive of payments by Mortgagors) received on the Mortgage Loans and, to the extent allocable to the related
Mortgage Loan, on any REO Properties during the related Collection Period (or, in the case of an Outside Serviced Mortgage Loan or any
interest in REO Property acquired with respect thereto, all such proceeds received during the period that renders them includable in the
Aggregate Available Funds for such Distribution Date), whether in the form of Liquidation Proceeds, Insurance Proceeds, Condemnation proceeds,
net income, rents, and REO Proceeds or otherwise, that were identified and applied by the Master Servicer (and/or, in the case of an Outside
Serviced Mortgage Loan, the related Outside Servicer) as recoveries of previously unadvanced principal of the related Mortgage Loan.

“Unsolicited Information”:
As defined in Section 11.01(b)(iii).

“Upper-Tier
REMIC”: A segregated asset pool within the Trust Fund consisting of the Lower-Tier Regular Interests and the Trust Subordinate
Companion Loan Regular Interests and amounts held from time to time in the Upper-Tier REMIC Distribution Account.

“Upper-Tier
REMIC Distribution Account”: The trust account or accounts created and maintained as a separate trust account (or separate sub-account
within the same account as another Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b)
of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled
“Computershare Trust Company, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association,
as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through
Certificates, Series 2022-GC48, and the Uncertificated VRR Interest Owner, Upper-Tier REMIC Distribution Account” and which
must be an Eligible Account. The Upper-Tier REMIC Distribution Account shall be an asset of the Upper-Tier REMIC.

    	 	- 145 -	 

     

    

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

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

“Vertical Risk Retention
Allocation Percentage”: A percentage equal to the Vertically Retained Percentage divided by the Non-Vertically Retained
Percentage.

“Vertically Retained
Percentage”: A fraction, expressed as a percentage, the numerator of which is the initial Combined VRR Interest Balance of the
Combined VRR Interest, and the denominator of which is the sum of (x) the aggregate initial Certificate Balance of all Classes of Principal
Balance Certificates and (y) the initial Uncertificated VRR Interest Balance of the Uncertificated VRR Interest.

“Voting Rights”:
The portion of the voting rights of all of the Certificates and any Loan-Specific Certificates in the aggregate that is allocated to any
Certificate or Class of Certificates or any Loan-Specific Certificate or Class of Loan-Specific Certificates. At all times during the
term of this Agreement, the Voting Rights shall be allocated among the respective Classes of Certificateholders and Loan-Specific Certificateholders
as follows: (a) 1% in the aggregate in the case of the respective Classes of the Interest-Only Certificates and any classes of interest-only
Loan-Specific Certificates, allocated pro rata based upon their respective Notional Amounts as of the date of determination (but
only for so long as the Notional Amount of at least one Class of Interest-Only Certificates or interest-only Loan-Specific Certificates
is greater than zero), and (b) in the case of any Class of Principal Balance Certificates or any class of Loan-Specific Principal
Balance Certificates, a percentage equal to the product of 99% (or, if the Notional Amounts of all Classes of Interest-Only Certificates
and interest-only Loan-Specific Certificates have been reduced to zero, 100%) and a fraction, the numerator of which is equal to the Certificate
Balance of such Class of Principal Balance Certificates or Loan-Specific Principal Balance Certificates as of the date of determination,
and the denominator of which is equal to the aggregate of the Certificate Balances of all Classes of the Principal Balance Certificates
and Loan-Specific Principal Balance Certificates, in each case as of the date of determination (provided that, if, but only if,
expressly so provided herein in any circumstance, the allocation or exercise of Voting Rights for any particular purpose shall take into
account the allocation of Appraisal Reduction Amounts to notionally reduce Certificate Balances). The Voting Rights of any Class of Certificates
or Loan-Specific Certificates shall be allocated among Holders of Certificates or Loan-Specific Certificates, as applicable, of such Class
in proportion to their respective Percentage Interests. The Class S and Class R Certificates and the Uncertificated VRR Interest shall
not be entitled to any Voting Rights.

    	 	- 146 -	 

     

    

“VRR Interest”:
All of the Class VRR Certificates collectively. The VRR Interest represents undivided beneficial interests in a portion of the VRR
Specific Grantor Trust Assets.

“VRR Interest Distribution
Amount”: With respect to the Combined VRR Interest for any Distribution Date, an amount equal to the product of (A) the
Vertical Risk Retention Allocation Percentage and (B) the aggregate amount of interest distributed to the Holders of the Non-Vertically
Retained Regular Certificates pursuant to Sections 4.01(b)(i), (iv), (vii), (x), (xiii), (xvi),
(xix), (xxii) and (xxv) on such Distribution Date.

“VRR Interest Transfer
Restriction Period”: With respect to the Combined VRR Interest, the period from the Closing Date to the earlier of: (i) the
date that is latest of (A) the date on which the aggregate unpaid principal balance of all outstanding Mortgage Loans has been reduced
to 33% of the aggregate Cut-off Date Balance of the Mortgage Loans, (B) the date on which the sum of the aggregate outstanding Certificate
Balance of all Classes of Principal Balance Certificates and the Uncertificated VRR Interest Balance of the Uncertificated VRR Interest
has been reduced to 33% of the sum of the aggregate outstanding Certificate Balance of all Classes of Principal Balance Certificates and
the Uncertificated VRR Interest Balance of the Uncertificated VRR Interest as of the Closing Date, and (C) two (2) years after the Closing
Date; and (ii) in the sole discretion of the Retaining Sponsor and the Depositor, the date on which the provisions of Regulation RR applicable
to the Retaining Sponsor, the Retaining Parties and the securitization transaction contemplated by this Agreement are repealed in their
entirety or are otherwise eliminated and the Retaining Sponsor and the Depositor have determined that such repeal or elimination renders
Regulation RR in its entirety inapplicable (and that there are no other risk retention requirements under the Dodd-Frank Act that
would be applicable) to the securitization transaction contemplated by this Agreement.

“VRR Principal Distribution
Amount”: With respect to the Combined VRR Interest for any Distribution Date, an amount equal to the product of (A) the Vertical
Risk Retention Allocation Percentage and (B) the aggregate amount of principal distributed to the Holders of the Non-Vertically Retained
Principal Balance Certificates pursuant to Sections 4.01(b)(ii), (v), (viii), (xi), (xiv), (xvii),
(xx), (xxiii) and (xxvi) and the penultimate paragraph of Section 4.01(b) on such Distribution Date.

“VRR Realized Loss
Interest Distribution Amount”: With respect to the Combined VRR Interest for any Distribution Date, an amount equal to the product
of (A) the Vertical Risk Retention Allocation Percentage and (B) the aggregate amount of interest on related reimbursed Realized
Losses distributed to the Holders of the Non-Vertically Retained Principal Balance Certificates pursuant to Sections 4.01(b)(iii),
(vi), (ix), (xii), (xv), (xviii), (xxi), (xxiv) and (xxvii) on such Distribution
Date.

“VRR Specific Grantor
Trust Assets”: The portion of the Trust Fund consisting of (i) the Class VRR Upper-Tier Regular Interest, together
with all distributions thereon and proceeds thereof, (ii) the Vertically Retained Percentage of any Excess Interest collected on the ARD
Mortgage Loans, and (iii) the Vertically Retained Percentage of amounts held from time to time in the Excess Interest Distribution
Account.

“VRR1 Interest”:
As defined in the Preliminary Statement.

    	 	- 147 -	 

     

    

“VRR1 Risk Retention
Consultation Party”: The Risk Retention Consultation Party selected by CREFI.

“VRR2 Interest”:
As defined in the Preliminary Statement.

“VRR2 Risk Retention
Consultation Party”: The Risk Retention Consultation Party selected by GS Bank.

“WAC Rate”:
With respect to any Distribution Date, a per annum rate equal to the weighted average of the applicable Net Mortgage Pass-Through
Rates of the Mortgage Loans (including the REO Mortgage Loans) for such Distribution Date, weighted on the basis of their respective Stated
Principal Balances immediately prior to such Distribution Date.

“WHFIT”:
A “Widely Held Fixed Investment Trust” as that term is defined in Treasury Regulations section 1.671-5(b)(22) or
successor provisions.

“WHFIT Regulations”:
Treasury Regulations section 1.671-5, as amended.

“WHMT”:
A “Widely Held Mortgage Trust” as that term is defined in Treasury Regulations section 1.671-5(b)(23) or successor
provisions.

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

“Whole Loan Custodial
Account”: With respect to any Serviced Whole Loan, the respective segregated account or sub-account created and maintained
by the Master Servicer pursuant to Section 3.05A of this Agreement on behalf of the holders of such Serviced Whole Loan, which
(subject to any changes in the identities of the Master Servicer and/or the Trustee) shall be entitled “Midland Loan Services, a
Division of PNC Bank, National Association, as Master Servicer, on behalf of Wilmington Trust, National Association, as Trustee, for the
benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates,
Series 2022-GC48, the Uncertificated VRR Interest Owner, and the related Serviced Companion Loan Holder, as their interests may appear.”

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

“Whole Loan Table”:
The table that appears under the heading “WHOLE LOANS” in the Preliminary Statement.

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“Withheld Amounts”:
As defined in Section 3.23 of this Agreement.

“Workout-Delayed
Reimbursement Amounts”: With respect to any Mortgage Loan, Trust Subordinate Companion Loan or Serviced Whole Loan, the amount
of any Advance made with respect to such Mortgage Loan, Trust Subordinate Companion Loan or Serviced Whole Loan on or before the date
such Mortgage Loan, Trust Subordinate Companion Loan or Serviced Whole Loan becomes (or, but for the making of three monthly payments
under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest
on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date,
if any, on which such Mortgage Loan, Trust Subordinate Companion Loan or Serviced Whole Loan becomes a Corrected Loan and (ii) the
amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount
constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder
to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

“Workout Fee”:
The fee paid to the Special Servicer with respect to each Corrected Loan equal to the applicable Workout Fee Rate applied to each collection
of interest (excluding Default Interest and Excess Interest) and principal (other than any amount for which a Liquidation Fee is paid)
received on such Corrected Loan for so long as it remains a Corrected Loan; provided that no Workout Fee shall be payable by the
Trust with respect to such Corrected Loan if and to the extent that the Corrected Loan became a Specially Serviced Loan under clause (g)
of the definition of Specially Serviced Loan (and no other clause thereof) and no mortgage loan event of default actually occurs,
unless the Serviced Mortgage Loan (or Serviced Whole Loan, if applicable) is modified by the Special Servicer in accordance with the terms
hereof; provided, further, that if a Serviced Mortgage Loan (or Serviced Whole Loan, if applicable) becomes a Specially
Serviced Loan under this Agreement only because of an event described in clause (a)(ii) of the definition of Specially Serviced Loan
as a result of a payment default at maturity and the related collection of interest and principal is received within 90 days following
the related Maturity Date in connection with the full and final payoff or refinancing of the related Serviced Mortgage Loan (or Serviced
Whole Loan, if applicable), the Special Servicer will not be entitled to collect a Workout Fee, but may collect and retain appropriate
fees from the related Mortgagor in connection with such workout; provided, further, that the Workout Fee with respect to
any Specially Serviced Loan that becomes a Corrected Loan under this Agreement shall be reduced by any Excess Modification Fees paid by
or on behalf of the related Mortgagor with respect to such Serviced Mortgage Loan (or Serviced Whole Loan, if applicable) as described
in the definition of Excess Modification Fees in this Agreement, but only to the extent those fees have not previously been deducted from
a Workout Fee or Liquidation Fee.

“Workout Fee Rate”:
A rate equal to the lesser of (a) 1.0% and (b) such lower rate as would result in a Workout Fee of $1,000,000 when applied to
each expected payment of principal and interest (other than Default Interest and Excess Interest) on the subject Serviced Mortgage Loan
(or related Serviced Whole Loan, if applicable) from the date such Mortgage Loan (or related Serviced Whole Loan, if applicable) becomes
a Corrected Loan, through and including the then-related maturity date; provided that, if the rate in clause (a) above
would result in a Workout Fee that would be less than $25,000 when applied to each expected payment of principal and interest (other than
Default Interest and Excess Interest) on the subject Serviced Mortgage

    	 	- 149 -	 

     

    

Loan (or related Serviced Whole Loan, if applicable)
from the date such Serviced Mortgage Loan (or related Serviced Whole Loan, if applicable) becomes a Corrected Loan through and including
the then-related maturity date, then the Workout Fee Rate shall be a rate equal to such higher rate as would result in a Workout Fee
equal to $25,000 when applied to each expected payment of principal and interest (other than Default Interest and Excess Interest) on
such Serviced Mortgage Loan (or related Serviced Whole Loan, if applicable) from the date such Serviced Mortgage Loan (or related Serviced
Whole Loan, if applicable) becomes a Corrected Loan through and including the then-related maturity date.

“XML Format”:
Extensible markup language electronic format.

“Yield Maintenance
Charge”: With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if
any, payable under the related Note in connection with certain prepayments.

“Yorkshire &
Lexington Towers Base Interest Fraction”: With respect to any Principal Prepayment on the Trust Subordinate Companion Loan and
with respect to any Class of the Yorkshire & Lexington Towers Loan-Specific Principal Balance Certificates, a fraction (not greater
than one) (a) whose numerator is the greater of zero and the amount, if any, by which (i) the Pass-Through Rate on such
Class of Yorkshire & Lexington Towers Loan-Specific Principal Balance Certificates exceeds (ii) the yield rate (as provided
by the Master Servicer) used in calculating the Yield Maintenance Charge with respect to such Principal Prepayment and (b) whose
denominator is the amount, if any, by which (i) the Net Mortgage Rate on the Yorkshire & Lexington Towers Trust Subordinate Companion
Loan exceeds (ii) the yield rate (used in accordance with the related Loan Documents) used in calculating the Yield Maintenance Charge
with respect to such Principal Prepayment; provided, however, that if such yield rate is greater than or equal to the Net
Mortgage Rate on the Yorkshire & Lexington Towers Trust Subordinate Companion Loan, then the Yorkshire & Lexington Towers Base
Interest Fraction shall equal zero; provided, further, that, if such yield rate is greater than or equal to the Net Mortgage
Rate on the Yorkshire & Lexington Towers Trust Subordinate Companion Loan, but less than the Pass-Through Rate described in clause
(a)(i) above, then the Yorkshire & Lexington Towers Base Interest Fraction shall equal one. The yield rate with respect to the Yorkshire
& Lexington Towers Trust Subordinate Companion Loan shall be equal to the yield rate stated in the related Loan Documents, or if none
is stated, shall be the yield rate which, when compounded monthly, is equivalent to the yield on the U.S. Treasury primary issue with
a maturity date closest to the maturity date of the Yorkshire & Lexington Towers Trust Subordinate Companion Loan. In the event that
there are: (a) two or more U.S. Treasury issues with the same coupon, the issue with the lower yield shall be selected and (b) two or
more U.S. Treasury issues with maturity dates equally close to the maturity date of the Yorkshire & Lexington Towers Trust Subordinate
Companion Loan, the issue with the earlier maturity date shall be selected.

    	 	- 150 -	 

     

    

“Yorkshire &
Lexington Towers Co-Lender Agreement”: That certain Agreement Between Noteholders, dated as of May 12, 2022, by and between
the holder of the Yorkshire & Lexington Towers Mortgage Loan, the holder of the Trust Subordinate Companion Loan and the holders of
the Yorkshire & Lexington Towers Pari Passu Companion Loans, relating to the relative rights of such holders, as the same may be further
amended in accordance with the terms thereof.

“Yorkshire &
Lexington Towers Consultation Termination Event”: With respect to the Yorkshire & Lexington Towers Loan-Specific Certificates,
the event that will either (a) occur when none of the Classes of the Loan-Specific Control Eligible Certificates has a Certificate Balance,
without regard to the allocation of any Cumulative Appraisal Reduction Amount, that is equal to or greater than 25% of the initial Certificate
Balance of that Class of Loan-Specific Certificates or (b) be deemed to occur if a Yorkshire & Lexington Towers Control Appraisal
Period is deemed to occur under the related Co-Lender Agreement

“Yorkshire &
Lexington Towers Control Appraisal Period”: A “Control Appraisal Period” as defined in the Yorkshire & Lexington
Towers Co-Lender Agreement.

“Yorkshire &
Lexington Towers Control Eligible Certificates”: The Class YLRR Certificates, if and for so long as a Yorkshire & Lexington
Towers Consultation Termination Event is not in effect with respect to the Class YLRR Certificates.

“Yorkshire &
Lexington Towers Control Termination Event”: With respect to the Yorkshire & Lexington Towers Loan-Specific Certificates,
the event that will (a) occur when Class YLRR does not have a Certificate Balance (as notionally reduced by any Cumulative Appraisal Reduction
Amounts then allocable to such Class) that is at least equal to 25% of the initial Certificate Balance of that Class of Loan-Specific
Certificates, and (b) be deemed to occur if a Yorkshire & Lexington Towers Control Appraisal Period is deemed to occur under the related
Co-Lender Agreement.

    	 	- 151 -	 

     

    

“Yorkshire &
Lexington Towers Controlling Class”: As of any time of determination, the Yorkshire & Lexington Towers Control Eligible
Certificates. The Yorkshire & Lexington Towers Controlling Class as of the Closing Date will be Class YLRR Certificates.

“Yorkshire &
Lexington Towers HRR Interest”: The Class YLRR Certificates.

“Yorkshire &
Lexington Towers HRR Transfer Restriction Period”: With respect to the Class YLRR Certificates, the period from the Closing
Date to the earliest of: (i) the date that is latest of (A) the date on which the total unpaid principal balance of the Yorkshire &
Lexington Towers Trust Subordinate Companion Loan has been reduced to 33% of the Cut-off Date Balance of the Yorkshire & Lexington
Towers Trust Subordinate Companion Loan, (B) the date on which the aggregate outstanding Certificate Balance of the Loan-Specific Certificates
has been reduced to 33% of the aggregate outstanding Certificate Balance of the Yorkshire & Lexington Towers Loan-Specific Certificates
as of the Closing Date, and (C) two (2) years after the Closing Date; (ii) the date on which the Yorkshire & Lexington
Towers Whole Loan (including the Yorkshire & Lexington Towers Trust Subordinate Companion Loan) has been defeased in accordance with
Rule 7(b)(8)(i) of Regulation RR; and (iii) the date on which Regulation RR has been officially repealed (and the securitization transaction
constituted by the issuance of the Loan-Specific Certificates is not subject to any other applicable credit risk retention requirements
under the Dodd-Frank Act) or, based on a written opinion of counsel reasonably acceptable to the Depositor and the Yorkshire &
Lexington Towers Retaining Sponsor, officially determined by the Regulatory Agencies to be no longer applicable to the securitization
transaction constituted by the issuance of the Yorkshire & Lexington Towers Loan-Specific Certificates.

“Yorkshire &
Lexington Towers Interest Accrual Amount”: With respect to any Distribution Date and any Class of Yorkshire & Lexington
Towers Loan-Specific Certificates, the interest for the related Interest Accrual Period accrued at the Pass-Through Rate for such
Class on the Certificate Balance for such Class immediately prior to that Distribution Date. Calculations of interest for each
Interest Accrual Period will be made on 30/360 Basis.

“Yorkshire &
Lexington Towers Interest Distribution Amount”: With respect to any Distribution Date and each Class of Loan-Specific Certificates,
(A) the sum of (i) the Yorkshire & Lexington Towers Interest Accrual Amount with respect to such Class for such Distribution
Date and (ii) the Yorkshire & Lexington Towers Interest Shortfall, if any, with respect to such Class for such Distribution Date,
less (B) any Excess Prepayment Interest Shortfall with respect to the Yorkshire & Lexington Towers Trust Subordinate Companion Loan
that is allocated to such Class on such Distribution Date.

“Yorkshire &
Lexington Towers Interest Shortfall”: With respect to any Distribution Date for any Class of Loan-Specific Certificates,
the sum of (a) the portion of the Yorkshire & Lexington Towers Interest Distribution Amount for such Class remaining unpaid as
of the close of business on the preceding Distribution Date (if any), and (b) to the extent permitted by applicable law, one month’s
interest on that amount remaining unpaid at the Pass-Through Rate applicable to such Class for the subject Distribution Date.

“Yorkshire &
Lexington Towers Loan-Specific Certificates”: The Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates.

    	 	- 152 -	 

     

    

“Yorkshire &
Lexington Towers Loan-Specific Principal Balance Certificates”: The Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class
YLRR Certificates.

“Yorkshire &
Lexington Towers Mortgage Loan”: The Mortgage Loan evidenced by three senior promissory notes designated as Note A-4, Note A-9
and Note A-11 made by the related Mortgagor (identified as Mortgage Loan No.1 on the Mortgage Loan Schedule) and secured by the Mortgage
on the Yorkshire & Lexington Towers Mortgaged Property, which is included in the Trust and which is senior in right of payment to
the Trust Subordinate Companion Loan to the extent set forth in the related Loan Documents and as provided in the Yorkshire & Lexington
Towers Co-Lender Agreement.

“Yorkshire &
Lexington Towers Mortgaged Property”: The underlying real property securing the Yorkshire & Lexington Towers Whole Loan
referred to in the Mortgage Loan Schedule as “Yorkshire & Lexington Towers” as more fully described in the related Loan
Documents.

“Yorkshire &
Lexington Towers Pari Passu Companion Loans”: The mortgage loans evidenced by 15 senior pari passu promissory notes designated
as Notes A-1, A-2, A-3, A-5, A-6, A-7, A-8, A-10, A-12, A-13, A-14, A-15, A-16, A-17 and A-18 made by the related Mortgagor and secured
by the Mortgage on the Yorkshire & Lexington Towers Mortgaged Property, which are not included in the Trust and are senior in right
of payment to the Yorkshire & Lexington Towers Trust Subordinate Companion Loan to the extent set forth in the related Loan Documents
and as provided in the Yorkshire & Lexington Towers Co-Lender Agreement.

“Yorkshire &
Lexington Towers Principal Distribution Amount”: For any Distribution Date, the sum of the following amounts:

(a)       the
Yorkshire & Lexington Towers Scheduled Principal Distribution Amount for that Distribution Date;

(b)       the
Yorkshire & Lexington Towers Unscheduled Principal Distribution Amount for that Distribution Date; and

(c)       the
Yorkshire & Lexington Towers Principal Shortfall for such Distribution Date;

provided, that the Yorkshire & Lexington
Towers Principal Distribution Amount for any Distribution Date will be reduced, to not less than zero, by the amount of any reimbursements
of:

(A)       Nonrecoverable
Advances, together with interest on such Nonrecoverable Advances at the Advance Rate, that are paid or reimbursed from principal collections
on the Yorkshire & Lexington Towers Trust Subordinate Companion Loan in a period during which such principal collections would have
otherwise been included in the Yorkshire & Lexington Towers Principal Distribution Amount for such Distribution Date, and

(B)       Workout-Delayed
Reimbursement Amounts that were paid or reimbursed from principal collections on the Yorkshire & Lexington Towers Trust Subordinate
Companion Loan in a period during which such principal collections would have otherwise

    	 	- 153 -	 

     

    

been included in the Yorkshire &
Lexington Towers Principal Distribution Amount for such Distribution Date;

provided, further, that in the case
of clauses (A) and (B) above, if any of the amounts that were reimbursed from principal collections on the Yorkshire & Lexington
Towers Trust Subordinate Companion Loan (including the portion of any successor REO Loan allocable to the Yorkshire & Lexington Towers
Trust Subordinate Companion Loan with respect thereto) for a prior Distribution Date are subsequently recovered on the Yorkshire &
Lexington Towers Trust Subordinate Companion Loan (or the portion of any REO Loan allocable to the Yorkshire & Lexington Towers Trust
Subordinate Companion Loan) for a prior Distribution Date, such recovery will increase the Yorkshire & Lexington Towers Principal
Distribution Amount for the Distribution Date related to the Collection Period in which such recovery occurs.

“Yorkshire &
Lexington Towers Principal Shortfall”: For any Distribution Date, the amount, if any, by which (1) the Yorkshire & Lexington
Towers Principal Distribution Amount for the preceding Distribution Date exceeds (2) the aggregate amount actually distributed on such
preceding Distribution Date to holders of the Yorkshire & Lexington Towers Loan-Specific Certificates in respect of such Yorkshire
& Lexington Towers Loan-Specific Certificates Principal Distribution Amount.

“Yorkshire &
Lexington Towers Retaining Sponsor”: As defined in the Preliminary Statement.

“Yorkshire &
Lexington Towers Retaining Third Party Purchaser”: As defined in the Preliminary Statement.

“Yorkshire &
Lexington Towers Scheduled Principal Distribution Amount”: For each Distribution Date, the aggregate of the principal portions
of (a) all Monthly Payments (which do not include Balloon Payments) with respect to the Yorkshire & Lexington Towers Trust Subordinate
Companion Loan (including any successor REO Companion Loan with respect thereto), due or deemed due during or, if and to the extent not
previously received or advanced and distributed to Loan-Specific Certificateholders on a preceding Distribution Date, prior to the related
Collection Period, in each case to the extent paid by the related Mortgagor as of the related Determination Date or advanced by the Master
Servicer or the Trustee, as applicable, in respect of such Distribution Date, and (b) all Balloon Payments allocable to the Yorkshire
& Lexington Towers Trust Subordinate Companion Loan (including any successor REO Companion Loan with

    	 	- 154 -	 

     

    

respect thereto) to the extent received during
the related Collection Period, and to the extent not included in clause (a) above for the subject Distribution Date and not previously
received or advanced and distributable to Loan-Specific Certificateholders on a preceding Distribution Date. The Yorkshire & Lexington
Towers Scheduled Principal Distribution Amount from time to time will include all late payments of principal made by a Mortgagor with
respect to the Yorkshire & Lexington Towers Trust Subordinate Companion Loan, including late payments in respect of a delinquent Balloon
Payment, received during the periods or by the times described above in this definition, except to the extent those late payments are
otherwise available to reimburse the Master Servicer or the Trustee, as the case may be, for prior P&I Advances.

“Yorkshire &
Lexington Towers Trust Subordinate Companion Loan”: The Subordinate Companion Loan evidenced by the promissory notes B-1 and
B-2 made by the related Mortgagor and secured by the Mortgage on the Yorkshire & Lexington Towers Mortgaged Property, which is included
in the Trust and which is subordinate in right of payment to the Yorkshire & Lexington Towers Mortgage Loan and the Yorkshire &
Lexington Towers Pari Passu Companion Loans to the extent set forth in the related Loan Documents and as provided in the Yorkshire &
Lexington Towers Co-Lender Agreement.

“Yorkshire &
Lexington Towers Unscheduled Principal Distribution Amount”: For each Distribution Date, the aggregate of: (a) all prepayments
of principal received on the Yorkshire & Lexington Towers Trust Subordinate Companion Loan during the related Collection Period; and
(b) the principal portion of any other collections (exclusive of payments by the related Mortgagor) received on the Yorkshire &
Lexington Towers Trust Subordinate Companion Loan and, to the extent allocable to the Yorkshire & Lexington Towers Trust Subordinate
Companion Loan, any related REO Property as of the related Determination Date whether in the form of Liquidation Proceeds, Insurance Proceeds,
Condemnation Proceeds, net income, rents, and profits from any related REO Property or otherwise, that were identified and applied by
the Master Servicer or Special Servicer, as applicable, as recoveries of previously unadvanced principal of the Yorkshire & Lexington
Towers Trust Subordinate Companion Loan.

“Yorkshire &
Lexington Towers Whole Loan”: The Whole Loan consisting of the Yorkshire & Lexington Towers Mortgage Loan, the Trust Subordinate
Companion Loan and the Yorkshire & Lexington Towers Pari Passu Companion Loans.

Section 1.02          
Certain Calculations. Unless otherwise specified herein, the following provisions shall apply:

(a)              
All calculations of interest with respect to the Mortgage Loans and Trust Subordinate Companion Loan shall be made in accordance
with the terms of the related Note and Mortgage.

(b)              
For purposes of distribution of Yield Maintenance Charges to the Certificateholders pursuant to Section 4.01(d) of
this Agreement on any Distribution Date, the Class of Non-Vertically Retained Principal Balance Certificates as to which the
Non-Vertically Retained Percentage of any prepayment shall be deemed to be distributed shall be determined on the assumption that
the portion of the Principal Distribution Amount paid to the Non-Vertically Retained Principal Balance Certificates on such Distribution

    	 	- 155 -	 

     

    

Date in respect of principal shall consist
first of the Non-Vertically Retained Percentage of scheduled payments included in the definition of Principal Distribution Amount
and second of the Non-Vertically Retained Percentage of prepayments included in such definition.

(c)              
Any Mortgage Loan or Trust Subordinate Companion Loan payment is deemed to be received by the Trust Fund on the date such payment
is actually received by the Master Servicer, the Special Servicer or the Certificate Administrator; provided, however, that
for purposes of calculating distributions on the Certificates, Principal Prepayments with respect to any Mortgage Loan or Trust Subordinate
Companion Loan are deemed to be received on the date they are applied in accordance with Section 3.01(b) of this Agreement
to reduce the outstanding principal balance of such Mortgage Loan or Trust Subordinate Companion Loan on which interest accrues.

(d)              
For purposes of calculating distributions on the Certificates and the Uncertificated VRR Interest and, in the absence of express
provisions in the related Loan Documents (and/or, with respect to each Outside Serviced Mortgage Loan, the related Outside Servicing Agreement)
to the contrary, for purposes of otherwise collecting amounts due under a Mortgage Loan, all amounts collected by or on behalf of the
Trust in respect of any Mortgage Loan in the form of payments from the related Mortgagor, Liquidation Proceeds, Condemnation Proceeds
or Insurance Proceeds (excluding, if applicable, in the case of each Serviced Whole Loan, any amounts payable to the holder(s) of the
related Companion Loan(s) pursuant to the related Co-Lender Agreement) shall be deemed to be allocated in the following order of priority:

(i)     
as a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to the related
Mortgage Loan, and unpaid interest at the Advance Rate on such Advances and, if applicable, unreimbursed and unpaid expenses of the Trust
with respect to the related Mortgage Loan;

(ii)       
as a recovery of Nonrecoverable Advances with respect to the related Mortgage Loan and any interest on those Nonrecoverable Advances
at the Advance Rate, to the extent previously paid or reimbursed from principal collections on the Mortgage Pool (as described in the
first proviso in the definition of “Aggregate Principal Distribution Amount”);

(iii)       
to the extent not previously so allocated pursuant to clause (i) or (ii) above, as a recovery of accrued and unpaid interest
on such Mortgage Loan (exclusive of Default Interest and Excess Interest) to the extent of the excess of (A) all unpaid interest
(exclusive of Default Interest and Excess Interest) accrued on such Mortgage Loan at the related Mortgage Rate in effect from time to
time through the end of the applicable Mortgage Loan interest accrual period, over (B) after taking into account any allocations
pursuant to clause (v) below on earlier dates, the aggregate portion of the accrued and unpaid interest described in subclause (A)
of this clause (iii) that either (1) was not advanced because of the reductions (if any) in the amount of related P&I
Advances for such Mortgage Loan that have theretofore occurred under Section 4.06(a) of this Agreement in

    	 	- 156 -	 

     

    

connection with related Appraisal Reduction
Amounts or (2) accrued at the related Net Mortgage Rate on the portion of the Stated Principal Balance of such Mortgage Loan equal
to any related Collateral Deficiency Amount in effect from time to time and as to which no P&I Advance was made;

(iv)         
to the extent not previously so allocated pursuant to clause (i) or (ii) above, as a recovery of principal of such Mortgage
Loan then due and owing, including by reason of acceleration of such Mortgage Loan following a default thereunder (or, if the Mortgage
Loan has been liquidated, as a recovery of principal to the extent of its entire remaining unpaid principal balance);

(v)          
as a recovery of accrued and unpaid interest on such Mortgage Loan (exclusive of Default Interest and Excess Interest) to the
extent of the sum of (A) the cumulative amount of the reductions (if any) in the amount of related P&I Advances for such Mortgage
Loan that have theretofore occurred under Section 4.06(a) of this Agreement in connection with related Appraisal Reduction
Amounts, plus (B) any unpaid interest (exclusive of Default Interest and Excess Interest) that accrued at the related Net Mortgage
Rate on the portion of the Stated Principal Balance of such Mortgage Loan equal to any related Collateral Deficiency Amount in effect
from time to time and as to which no P&I Advance was made (to the extent that collections have not been allocated as recovery of
such accrued and unpaid interest pursuant to this clause (v) on earlier dates);

(vi)         
as a recovery of amounts to be currently allocated to the payment of, or escrowed for the future payment of, real estate taxes,
assessments and insurance premiums and similar items relating to such Mortgage Loan;

(vii)          as a recovery of any other reserves to the extent then required to be held in escrow with respect to such Mortgage Loan;

(viii)       as
a recovery of any Yield Maintenance Charge then due and owing under such Mortgage Loan;

(ix)      
as a recovery of any late payment charges and Default Interest then due and owing under such Mortgage Loan;

(x)       
as a recovery of any Assumption Fees, assumption application fees and Modification Fees then due and owing under such Mortgage
Loan;

(xi)      
as a recovery of any other amounts then due and owing under such Mortgage Loan other than remaining unpaid principal and other
than, if applicable, accrued and unpaid Excess Interest (and, if both Consent Fees and Operating Advisor Consulting Fees are due and owing,
first, allocated to Consent Fees and, then, allocated to Operating Advisor Consulting Fees);

(xii)    
as a recovery of any remaining principal of such Mortgage Loan to the extent of its entire remaining unpaid principal balance;
and

    	 	- 157 -	 

     

    

(xiii)    in the case of an ARD Mortgage Loan after the related Anticipated Repayment Date, as a recovery of any accrued but unpaid Excess
Interest;

provided that, to the extent required
under the REMIC Provisions, payments or proceeds received (or receivable by exercise of the lender’s rights under the related Loan
Documents) with respect to any partial release of a Mortgaged Property (including following a condemnation) at a time when the loan-to-value
ratio of the related Mortgage Loan or Serviced Whole Loan, as applicable, exceeds 125%, or would exceed 125% following any partial release
(based solely on the value of the real property and excluding personal property and going concern value, if any) must be collected and
allocated to reduce the principal balance of the Mortgage Loan or the related Serviced Whole Loan in the manner permitted by the REMIC
Provisions.

(e)              
Collections by or on behalf of the Trust in respect of any REO Property (exclusive of amounts to be allocated to the payment of
the costs of operating, managing, leasing, maintaining and disposing of such REO Property and, if applicable, in the case of each Serviced
Whole Loan, exclusive of any amounts payable to the holder(s) of the related Companion Loan(s) pursuant to the related Co-Lender Agreement)
shall be deemed to be allocated for purposes of calculating distributions on the Certificates and (subject to any related Co-Lender
Agreement and/or Outside Servicing Agreement) for purposes of otherwise collecting amounts due under the Mortgage Loan in the following
order of priority:

(i)     
as a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to the related
REO Mortgage Loan and interest at the Advance Rate on all Advances and, if applicable, unreimbursed and unpaid expenses of the Trust with
respect to the related REO Mortgage Loan;

(ii)       
as a recovery of any Nonrecoverable Advances with respect to the related REO Mortgage Loan and any interest on those Nonrecoverable
Advances at the Advance Rate, to the extent previously paid or reimbursed from principal collections on the Mortgage Loans (as described
in the first proviso in the definition of “Aggregate Principal Distribution Amount”);

(iii)      
to the extent not previously so allocated pursuant to clause (i) or (ii) above, as a recovery of accrued and unpaid interest
on the related REO Mortgage Loan (exclusive of Default Interest and Excess Interest) to the extent of the excess of (A) all unpaid
interest (exclusive of Default Interest and Excess Interest) accrued on such REO Mortgage Loan at the applicable Mortgage Rate in effect
from time to time through the end of the applicable Mortgage Loan interest accrual period, over (B) after taking into account
any allocations pursuant to clause (v) below or clause (v) of Section 1.02(d) above on earlier dates, the
aggregate portion of the accrued and unpaid interest described in subclause (A) of this clause (iii) that either (1) was
not advanced because of the reductions (if any) in the amount of related P&I Advances for the related REO Mortgage Loan that have
theretofore occurred under Section 4.06(a) of this Agreement in connection with Appraisal Reduction Amounts or (2) accrued
at the applicable Net Mortgage Rate on the portion of the

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Stated Principal Balance of such REO Mortgage
Loan equal to any related Collateral Deficiency Amount in effect from time to time and as to which no P&I Advance was made;

(iv)     
to the extent not previously so allocated pursuant to clause (i) or (ii) above, as a recovery of principal of the related
REO Mortgage Loan to the extent of its entire unpaid principal balance;

(v)       
as a recovery of accrued and unpaid interest on the related REO Mortgage Loan (exclusive of Default Interest and Excess Interest)
to the extent of the sum of (A) the cumulative amount of the reductions (if any) in the amount of related P&I Advances for such REO
Mortgage Loan that have theretofore occurred under Section 4.06(a) of this Agreement in connection with related Appraisal
Reduction Amounts, plus (B) any unpaid interest (exclusive of Default Interest and Excess Interest) that accrued at the applicable Net
Mortgage Rate on the portion of the Stated Principal Balance of such REO Mortgage Loan equal to any related Collateral Deficiency Amount
in effect from time to time and as to which no P&I Advance was made (to the extent that collections have not theretofore been allocated
as a recovery of such accrued and unpaid interest on earlier dates pursuant to this clause (v) or clause (v) of Section 1.02(d)
above);

(vi)     
as a recovery of any Yield Maintenance Charge then due and owing under the related REO Mortgage Loan;

(vii)    
as a recovery of any late payment charges and Default Interest then due and owing under the related REO Mortgage Loan;

(viii)  
as a recovery of any Assumption Fees, assumption application fees and Modification Fees then due and owing under the related REO
Mortgage Loan;

(ix)      
as a recovery of any other amounts then due and owing under the related REO Mortgage Loan other than, if applicable, accrued and
unpaid Excess Interest (and, if both Consent Fees and Operating Advisor Consulting Fees are due and owing, first, allocated to
Consent Fees and, then, allocated to Operating Advisor Consulting Fees); and

(x)        
in the case of an ARD Mortgage Loan after the related Anticipated Repayment Date, as a recovery of any accrued but unpaid Excess
Interest.

(f)               
The applications of amounts received in respect of any Mortgage Loan pursuant to paragraph (d) of this Section 1.02
shall be determined by the Master Servicer in accordance with the Servicing Standard. The applications of amounts received in respect
of any Mortgage Loan or any REO Property pursuant to paragraph (e) of this Section 1.02 shall be determined by the Special
Servicer (unless such Mortgage Loan is, or such REO Property relates to, an Outside Serviced Mortgage Loan, in which case such applications
shall be determined by the Master Servicer) in accordance with the Servicing Standard.

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(g)              
 For purposes of calculating distributions on the Loan-Specific Certificates and, in the absence of express provisions in the related
Loan Documents and/or the Yorkshire & Lexington Towers Co-Lender Agreement to the contrary, for purposes of otherwise collecting amounts
due under the Trust Subordinate Companion Loan, all amounts collected by or on behalf of the Trust in respect of the Trust Subordinate
Companion Loan in the form of payments from the related Mortgagor, Liquidation Proceeds, Condemnation Proceeds or Insurance Proceeds (excluding
any amounts payable to the Yorkshire & Lexington Towers Mortgage Loan pursuant to the Yorkshire & Lexington Towers Co-Lender Agreement)
shall be deemed to be allocated in the following order of priority:

(i)     
as a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to the Trust Subordinate
Companion Loan, and unpaid interest at the Advance Rate on such Advances and, if applicable, unreimbursed and unpaid expenses of the Trust
with respect to the Trust Subordinate Companion Loan;

(ii)                  as a recovery of Nonrecoverable Advances with respect to the Trust Subordinate Companion Loan and any interest on those Nonrecoverable
Advances at the Advance Rate, to the extent previously paid or reimbursed from principal collections on the Trust Subordinate Companion
Loan (as described in the first proviso in the definition of “Yorkshire & Lexington Towers Principal Distribution Amount”);

(iii)      
to the extent not previously so allocated pursuant to clause (i) or (ii) above, as a recovery of accrued and unpaid interest on
the Trust Subordinate Companion Loan (exclusive of Default Interest and Excess Interest) to the extent of the excess of (A) all unpaid
interest (exclusive of Default Interest and Excess Interest) accrued on the Trust Subordinate Companion Loan at the related Mortgage
Rate in effect from time to time through the end of the applicable mortgage interest accrual period, over (B) after taking into account
any allocations pursuant to clause (v) below on earlier dates, the aggregate portion of the accrued and unpaid interest described in
subclause (A) of this clause (iii) that either (1) was not advanced because of the reductions (if any) in the amount of related P&I
Advances for the Trust Subordinate Companion Loan that have theretofore occurred under Section 4.06(a) of this Agreement in connection
with the related Appraisal Reduction Amounts or (2) accrued at the related Net Mortgage Rate on the portion of the Stated Principal Balance
of the Trust Subordinate Companion Loan equal to any related Collateral Deficiency Amount in effect from time to time and as to which
no P&I Advance was made;

(iv)     
to the extent not previously so allocated pursuant to clause (i) or (ii) above, as a recovery of principal of the Trust Subordinate
Companion Loan then due and owing, including by reason of acceleration of the Trust Subordinate Companion Loan following a default thereunder
(or, if the Trust Subordinate Companion Loan has been liquidated, as a recovery of principal to the extent of its entire remaining unpaid
principal balance);

    	 	- 160 -	 

     

    

(v)          as
a recovery of accrued and unpaid interest on the Trust Subordinate Companion Loan (exclusive of Default Interest and Excess Interest)
to the extent of the sum of (A) the cumulative amount of the reductions (if any) in the amount of related P&I Advances for the Trust
Subordinate Companion Loan that have theretofore occurred under Section 4.06(a) of this Agreement in connection with related Appraisal
Reduction Amounts, plus (B) any unpaid interest (exclusive of Default Interest and Excess Interest) that accrued at the related Net Mortgage
Rate on the portion of the Stated Principal Balance of the Trust Subordinate Companion Loan equal to any related Collateral Deficiency
Amount in effect from time to time and as to which no P&I Advance was made (to the extent that collections have not been allocated
as recovery of such accrued and unpaid interest pursuant to this clause (v) on earlier dates);

(vi)     
as a recovery of amounts to be currently allocated to the payment of, or escrowed for the future payment of, real estate taxes,
assessments and insurance premiums and similar items relating to the Trust Subordinate Companion Loan;

(vii)   
as a recovery of any other reserves to the extent then required to be held in escrow with respect to the Trust Subordinate Companion
Loan;

(viii) 
as a recovery of any Yield Maintenance Charge then due and owing under the Trust Subordinate Companion Loan;

(ix)      
as a recovery of any late payment charges and Default Interest then due and owing under the Trust Subordinate Companion Loan;

(x)       
as a recovery of any Assumption Fees, assumption application fees and Modification Fees then due and owing under the Trust Subordinate
Companion Loan;

(xi)     
as a recovery of any other amounts then due and owing under the Trust Subordinate Companion Loan other than remaining unpaid principal
and other than, if applicable, accrued and unpaid Excess Interest (and, if both Consent Fees and Operating Advisor Consulting Fees are
due and owing, first, allocated to Consent Fees and, then, allocated to Operating Advisor Consulting Fees);

(xii)    
as a recovery of any remaining principal of the Trust Subordinate Companion Loan to the extent of its entire remaining unpaid
principal balance;

provided that, to the extent required
under the REMIC Provisions, payments or proceeds received (or receivable by exercise of the lender’s rights under the related Loan
Documents) with respect to any partial release of the Yorkshire & Lexington Towers Mortgaged Property (including following a condemnation)
at a time when the loan-to-value ratio of the Trust Subordinate Companion Loan exceeds 125%, or would exceed 125% following any
partial release (based solely on the value of the real property and excluding personal property and going concern value, if any) must
be collected and allocated to reduce the principal balance of the Trust Subordinate Companion Loan in the manner permitted by the REMIC
Provisions.

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(h)              
 Collections by or on behalf of the Trust in respect of any REO Property relating to the Trust Subordinate Companion Loan (exclusive
of amounts to be allocated to the payment of the costs of operating, managing, leasing, maintaining and disposing of such REO Property
and exclusive of any amounts payable to the Yorkshire & Lexington Towers Mortgage Loan pursuant to the Yorkshire & Lexington Towers
Co-Lender Agreement) shall be deemed to be allocated for purposes of calculating distributions on the Loan-Specific Certificates and (subject
to the Yorkshire & Lexington Towers Co-Lender Agreement) for purposes of otherwise collecting amounts due under the Trust Subordinate
Companion Loan in the following order of priority:

(i)      
as a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to the Trust Subordinate
Companion Loan and interest at the Advance Rate on all Advances and, if applicable, unreimbursed and unpaid expenses of the Trust with
respect to the Trust Subordinate Companion Loan;

(ii)      
as a recovery of any Nonrecoverable Advances with respect to the Trust Subordinate Companion Loan and any interest on those Nonrecoverable
Advances at the Advance Rate, to the extent previously paid or reimbursed from principal collections on the Trust Subordinate Companion
Loan (as described in the first proviso in the definition of “Yorkshire & Lexington Towers Principal Distribution Amount”);

(iii)      
to the extent not previously so allocated pursuant to clause (i) or (ii) above, as a recovery of accrued and unpaid interest
on the Trust Subordinate Companion Loan (exclusive of Default Interest and Excess Interest) to the extent of the excess of (A) all
unpaid interest (exclusive of Default Interest and Excess Interest) accrued on the Trust Subordinate Companion Loan at the related Mortgage
Rate in effect from time to time through the end of the applicable mortgage interest accrual period, over (B) after taking into
account any allocations pursuant to clause (v) below or clause (v) of Section 1.02(g) above on earlier dates,
the aggregate portion of the accrued and unpaid interest described in subclause (A) of this clause (iii) that either (1) was
not advanced because of the reductions (if any) in the amount of related P&I Advances for the Trust Subordinate Companion Loan that
have theretofore occurred under Section 4.06(a) of this Agreement in connection with related Appraisal Reduction Amounts
or (2) accrued at the applicable Net Mortgage Rate on the portion of the Stated Principal Balance of the Trust Subordinate Companion
Loan equal to any related Collateral Deficiency Amount in effect from time to time and as to which no P&I Advance was made;

(iv)       
to the extent not previously so allocated pursuant to clause (i) or (ii) above, as a recovery of principal of the Trust
Subordinate Companion Loan to the extent of its entire unpaid principal balance;

(v)      
as a recovery of accrued and unpaid interest on the Trust Subordinate Companion Loan (exclusive of Default Interest and Excess
Interest) to the extent of the sum of (A) the cumulative amount of the reductions (if any) in the amount

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of related P&I Advances for the Trust
Subordinate Companion Loan that have theretofore occurred under Section 4.06(a) of this Agreement in connection with related
Appraisal Reduction Amounts, plus (B) any unpaid interest (exclusive of Default Interest and Excess Interest) that accrued at the applicable
Net Mortgage Rate on the portion of the Stated Principal Balance of the Trust Subordinate Companion Loan equal to any related Collateral
Deficiency Amount in effect from time to time and as to which no P&I Advance was made (to the extent that collections have not theretofore
been allocated as a recovery of such accrued and unpaid interest on earlier dates pursuant to this clause (v) or clause (v)
of Section 1.02(g) above);

(vi)    
as a recovery of any Yield Maintenance Charge then due and owing under the Trust Subordinate Companion Loan;

(vii)    
as a recovery of any late payment charges and Default Interest then due and owing under the Trust Subordinate Companion Loan;

(viii)  
as a recovery of any Assumption Fees, assumption application fees and Modification Fees then due and owing under the Trust Subordinate
Companion Loan; and

(ix)     
as a recovery of any other amounts then due and owing under the Trust Subordinate Companion Loan other than, if applicable, accrued
and unpaid Excess Interest (and, if both Consent Fees and Operating Advisor Consulting Fees are due and owing, first, allocated to Consent
Fees and, then, allocated to Operating Advisor Consulting Fees) .

(i)                
The applications of amounts received in respect of the Trust Subordinate Companion Loan pursuant to paragraph (g) of this Section 1.02
shall be determined by the Master Servicer in accordance with the Servicing Standard. The applications of amounts received in respect
of the Trust Subordinate Companion Loan or any REO Property pursuant to paragraph (h) of this Section 1.02 shall be determined
by the Special Servicer in accordance with the Servicing Standard.

(j)                
All net present value calculations and determinations made hereunder with respect to the Mortgage Loans, the Serviced Companion
Loans or a Mortgaged Property or REO Property (including for purposes of the definition of “Servicing Standard”, and including,
if and when applicable, with respect to an Outside Serviced Mortgage Loan or the related Mortgaged Property or any related REO Property)
shall be made using the Calculation Rate.

(k)              
For purposes of calculating Pass-Through Rates (where applicable) and distributions on, and allocations of applicable Realized
Losses (where applicable) to, the Certificates and the Uncertificated VRR Interest, as well as for purposes of calculating the Servicing
Fee, the Trustee/Certificate Administrator Fee, the Operating Advisor Fee and the Asset Representations Reviewer Ongoing Fee payable each
month, each REO Property (including any REO Property with respect to an Outside Serviced Mortgage Loan held

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pursuant to an Outside Servicing Agreement)
will be treated as if the related Mortgage Loan and any related Companion Loan(s) had remained outstanding and the related Loan Documents
continued in full force and effect; and all references to “Mortgage Loan,” “Mortgage Loans” or “Mortgage
Pool” (or any other capitalized terms of which such terms are a part) in this Agreement, when used in that context, will be deemed
to also be references to or to also include, as the case may be, any related REO Mortgage Loan, and all references to “Companion
Loan,” “Companion Loans” or “Trust Subordinate Companion Loan” (or any other capitalized terms of which
such terms are a part) in this Agreement, when used in that context, will be deemed to also be references to or to also include, as the
case may be, any related REO Companion Loan. Each REO Loan will generally be deemed to have the same characteristics as its actual predecessor
Mortgage Loan or Companion Loan, as applicable, including the same fixed Mortgage Rate (and, accordingly, the same Net Mortgage Rate)
and the same unpaid principal balance and Stated Principal Balance. Amounts due on the predecessor Mortgage Loan or Companion Loan, as
applicable, including any portion of those amounts payable or reimbursable to the Master Servicer, the Special Servicer, the Operating
Advisor, the Asset Representations Reviewer, the Certificate Administrator or the Trustee, as applicable, will continue to be “due”
in respect of the REO Loan; and amounts received in respect of the related REO Property, net of payments to be made, or reimbursements
to the Master Servicer or Special Servicer for payments previously advanced, in connection with the operation and management of that property,
generally will be applied by the Master Servicer as if received on the predecessor Mortgage Loan or Companion Loan, as applicable.

Section 1.03          
Certain Constructions. (a) For purposes of this Agreement, references to the most or next most subordinate Class of
Non-Vertically Retained Regular Certificates outstanding at any time shall mean the most or next most subordinate Class of Non-Vertically
Retained Regular Certificates then outstanding as among the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB,
Class X-A, Class X-D, Class X-F, Class X-G, Class X-H, Class A-S, Class B, Class C, Class D,
Class E, Class F, Class G and Class H Certificates; provided, however, that for purposes of determining the most subordinate
Class of Non-Vertically Retained Regular Certificates, in the event that the Class A-1, Class A-2, Class A-4,
Class A-5 and Class A-SB Certificates are the only Classes of Non-Vertically Retained Principal Balance Certificates outstanding,
the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB and Class X-A Certificates together
will be treated as the most subordinate Class of Non-Vertically Retained Regular Certificates. For purposes of this Agreement,
each Class of Certificates (other than the Class S and Class R Certificates) shall be deemed to be outstanding only to
the extent its respective Certificate Balance or Notional Amount has not been reduced to zero. For purposes of this Agreement, the Class R
Certificates shall be deemed to be outstanding so long as the Trust REMICs have not been terminated pursuant to Section 9.01
of this Agreement.

(b)              
For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires:

(i)           
the terms defined in this Agreement include the plural as well as the singular, and the use of any gender herein shall be deemed
to include the other gender;

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(ii)                references herein to “Articles”, “Sections”, “Subsections”, “Paragraphs” and other
subdivisions without reference to a document are to designated Articles, Sections, Subsections, Paragraphs and other subdivisions of
this Agreement;

(iii)     
 a reference to a Subsection without further reference to a Section is a reference to such Subsection as contained in the
same Section in which the reference appears, and this rule shall also apply to Paragraphs and other subdivisions;

(iv)     
 the words “herein”, “hereof”, “hereunder”, “hereto”, “hereby” and
other words of similar import refer to this Agreement as a whole and not to any particular provision; and

(v)        
the terms “include” or “including” shall mean without limitation by reason of enumeration.

(c)              
For the avoidance of doubt, with respect to any indemnification provisions in this Agreement providing that the Trust is required
to indemnify a party to this Agreement, or a party to this Agreement is required to indemnify the Trust or another party to this Agreement,
for costs, fees and expenses, such costs, fees and expenses are intended to include costs (including, but not limited to, reasonable attorney’s
fees and expenses) of the enforcement of such indemnity.

Article
II

CONVEYANCE OF MORTGAGE LOANS AND TRUST SUBORDINATE COMPANION LOAN; ORIGINAL ISSUANCE OF CERTIFICATES

Section 2.01          
Conveyance of Mortgage Loans and Trust Subordinate Companion Loan.

(a)              
The Depositor, concurrently with the execution and delivery hereof, does hereby establish a trust to be designated as Citigroup
Commercial Mortgage Trust 2022-GC48, appoint the Trustee to serve as trustee of such trust and assign, sell, transfer, set over and otherwise
convey to the Trustee (as holder of the Lower-Tier Regular Interests and Trust Subordinate Companion Loan Regular Interests) in trust
without recourse for the benefit of the Certificateholders, the Uncertificated VRR Interest Owner and the Loan-Specific Certificateholders
all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in, to and
under (i) the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) Sections 2, 3, 4, 5 (other than Section 5(e),
5(f), 5(h) (insofar as it relates to the delivery of the subject certification to the Depositor) and 5(m) (insofar as the indemnity relates
to the failure in clause (ii) of such section 5(m)), 6 (other than Sections 6(i), 6(j) and 6(k)) and (to the extent related
to the foregoing) 7, 11, 12, 13, 14, 16, 17, 18, 20, 22, 23 and 24 of each Mortgage Loan Purchase Agreement, (iii) each Co-Lender
Agreement, if any, (iv) the Trust Subordinate Companion Loan and (v) all Escrow Accounts, Lock-Box Accounts and all other assets
included or to

    	 	- 165 -	 

     

    

be included in the Trust Fund for the
benefit of the Certificateholders, the Uncertificated VRR Interest Owner and the Loan-Specific Certificateholders. Such assignment includes
all interest and principal received or receivable on or with respect to the Mortgage Loans and the Trust Subordinate Companion Loan (other
than payments of principal and interest and other amounts due and payable on the Mortgage Loans and the Trust Subordinate Companion Loan
on or before the Cut-Off Date and excluding any Retained Defeasance Rights and Obligations with respect to the Mortgage Loans and
the Trust Subordinate Companion Loan). Such assignment of any Outside Serviced Mortgage Loan is further subject to the terms and conditions
of the applicable Outside Servicing Agreement and the related Co-Lender Agreement. The transfer of the Mortgage Loans, the Trust Subordinate
Companion Loan and the related rights and property accomplished hereby is absolute and, notwithstanding Section 12.08 of this
Agreement, is intended by the parties to constitute a sale.

(b)              
In connection with the Depositor’s assignment pursuant to Section 2.01(a) of this Agreement, the Depositor shall
direct each Mortgage Loan Seller (pursuant to the related Mortgage Loan Purchase Agreement) to deliver to and deposit with (or to cause
to be delivered to and deposited with) the Custodian (on behalf of the Trustee), on or before the Closing Date, the Mortgage File for
each Mortgage Loan and Trust Subordinate Companion Loan, with copies (other than with respect to an Outside Serviced Mortgage Loan) to
be delivered, within five (5) Business Days after the Closing Date, to the Master Servicer. Notwithstanding anything to the contrary contained
herein, (A) with respect to an Outside Serviced Mortgage Loan as of the Closing Date, (i) if the Custodian is not also the applicable
Outside Custodian with respect to such Outside Serviced Mortgage Loan, the preceding document delivery requirements shall be deemed satisfied
by the delivery by the applicable Mortgage Loan Seller to the Custodian (on behalf of the Trustee) of (I) with respect to the documents
and/or instruments referred to in clause (1) of the definition of “Mortgage File”, executed originals of the related
documents, and (II) with respect to the documents and/or instruments referred to in clauses (2) through (20) of the definition of
“Mortgage File”, a copy of such documents (with the actual such documents to be delivered to the applicable Outside Custodian
under the applicable Outside Servicing Agreement) and (ii) if the Custodian is also the applicable Outside Custodian with respect to such
Outside Serviced Mortgage Loan, the preceding document delivery requirements shall be deemed satisfied by the delivery by the applicable
Mortgage Loan Seller to the Custodian (on behalf of the Trustee) of (I) with respect to the documents and/or instruments referred to in
clause (1) of the definition of “Mortgage File”, executed originals of the related documents, and (II) with respect
to the documents and/or instruments referred to in clauses (2) through (20) of the definition of “Mortgage File”,
a copy of any such document only if such document was not required to be delivered to the applicable Outside Custodian under the applicable
Outside Servicing Agreement; provided that with respect to such Outside Serviced Mortgage Loan, (x) if Computershare Trust Company, National
Association ceases to be the Custodian under this Agreement with respect to such Outside Serviced Mortgage Loan, it shall, upon receipt
of a request for release, provide to the successor Custodian executed originals of the documents and/or instruments referred to in clause (1)
of the definition of “Mortgage File” and copies of the documents and/or instruments referred to in clauses (2) through
(20) of the definition of “Mortgage File”, and (y) if Computershare Trust Company, National Association ceases to be the
Outside

    	 	- 166 -	 

     

    

Custodian under the applicable Outside
Servicing Agreement with respect to such Outside Serviced Mortgage Loan, it shall, promptly provide copies of the documents and/or instruments
referred to in clauses (2) through (20) of the definition of “Mortgage File” to the Custodian under this Agreement;
and (B) with respect to a Servicing Shift Mortgage Loan, the related Mortgage File delivered to and deposited with the Custodian (on behalf
of the Trustee) as contemplated by the first sentence of this Section 2.01(b) shall, on or after the related Servicing Shift
Date, be transferred to the Outside Custodian related to the securitization of the related Pari Passu Companion Loan evidenced by the
related Servicing Shift Lead Note in accordance with the second paragraph of Section 2.01(c) and with the expectation that
the assignments referred to in clauses (4), (5) and (14) of the definition of “Mortgage File” (to the extent that recordation
of such item would have otherwise been required) will be recorded in the name of the trustee for that securitization. None of the Certificate
Administrator, the Trustee, the Custodian, the Master Servicer or the Special Servicer shall be liable for any failure by any Mortgage
Loan Seller or the Depositor to comply with the document delivery requirements of the related Mortgage Loan Purchase Agreement and this
Section 2.01(b). Notwithstanding anything herein to the contrary, with respect to letters of credit (exclusive of those relating
to an Outside Serviced Mortgage Loan), the applicable Mortgage Loan Seller shall deliver, on or before the Closing Date, to the Master
Servicer and the Master Servicer shall hold the original (or copy, if such original has been submitted by the applicable Mortgage Loan
Seller to the issuing bank to effect an assignment or amendment of such letter of credit (changing the beneficiary thereof to the Trustee
(in care of the Master Servicer) for the benefit of the Certificateholders, the Uncertificated VRR Interest Owner, any related Loan-Specific
Certificateholders and, if applicable, the related Serviced Companion Loan Holder and, to the extent required in order for the Master
Servicer to draw on such letter of credit on behalf of the Trustee for the benefit of the Certificateholders, the Uncertificated VRR Interest
Owner, any related Loan-Specific Certificateholders and, if applicable, the related Serviced Companion Loan Holder in accordance with
the applicable terms thereof and/or of the related Loan Documents)) and the applicable Mortgage Loan Seller shall be deemed to have satisfied
any delivery requirements of the related Mortgage Loan Purchase Agreement and this Section 2.01(b) by delivering, on or before
the Closing Date, with respect to any letter(s) of credit a copy thereof to the Custodian together with an Officer’s Certificate
of the applicable Mortgage Loan Seller certifying that such document has been delivered to the Master Servicer or an Officer’s Certificate
from the Master Servicer certifying that it holds the letter(s) of credit pursuant to this Section 2.01(b). If a letter of
credit referred to in the previous sentence is not in a form that would allow the Master Servicer to draw on such letter of credit on
behalf of the Trustee for the benefit of Certificateholders, the Uncertificated VRR Interest Owner, any related Loan-Specific Certificateholders
and, if applicable, the related Serviced Companion Loan Holder(s) in accordance with the applicable terms thereof and/or of the related
Loan Documents, the applicable Mortgage Loan Seller shall deliver the appropriate assignment or amendment documents (or copies of such
assignment or amendment documents if the related Mortgage Loan Seller has submitted the originals to the related issuer of such letter
of credit for processing) to the Master Servicer within 90 days of the Closing Date; provided that with respect to a Servicing Shift
Mortgage Loan, no such assignments shall be made until the earlier of (i) the related Servicing Shift Date, in which case such assignments
shall be made in

    	 	- 167 -	 

     

    

accordance with the related Servicing
Shift Mortgage Loan Pooling and Servicing Agreement, and (ii) the earlier of (A) 180 days after the Closing Date and (B) such time
as any such letter of credit is required to be drawn upon by the Master Servicer, in which case such assignments shall be made in favor
of the Trustee for the benefit of the Certificateholders and the Uncertificated VRR Interest Owner and for the benefit of the holder(s)
of the related Companion Loan(s) and any related Loan-Specific Certificateholders, until the occurrence of the related Servicing Shift
Date. Contemporaneous with the securitization of the related Pari Passu Companion Loan evidenced by the related Servicing Shift Lead Note,
any such letter of credit shall be assigned to the related Outside Servicer or related Outside Trustee, as applicable, as provided in
the related Servicing Shift Mortgage Loan Pooling and Servicing Agreement. The applicable Mortgage Loan Seller shall pay any costs of
assignment or amendment of such letter(s) of credit required in order for the Master Servicer to draw on such letter(s) of credit on behalf
of the Trustee for the benefit of Certificateholders, the Uncertificated VRR Interest Owner and, if applicable, the related Serviced Companion
Loan Holder and any related Loan-Specific Certificateholders, and shall cooperate with the reasonable requests of the Master Servicer
or the Special Servicer, as applicable, in connection with effectuating a draw under any such letter of credit prior to the date such
letter of credit is assigned or amended in order that it may be drawn by the Master Servicer on behalf of the Trustee for the benefit
of Certificateholders, the Uncertificated VRR Interest Owner and, if applicable, the related Serviced Companion Loan Holder and any related
Loan-Specific Certificateholders.

Notwithstanding anything
to the contrary contained herein, with respect to each Co-sponsored Mortgage Loan and Co-sponsored Trust Subordinate Companion Loan, the
obligations of each of the related Applicable Co-sponsors to deliver a Mortgage Note (and any related allonge or assignment) to the Custodian
shall be limited to delivery to the Custodian of only the Mortgage Note(s) evidencing the portion of such Co-sponsored Mortgage Loan or
Co-sponsored Trust Subordinate Companion Loan, as applicable, being sold by such party (and any related allonge or assignment). With respect
to each Co-sponsored Mortgage Loan and Co-sponsored Trust Subordinate Companion Loan, the obligations of the related Applicable Co-sponsors
to deliver the remaining portion of the related Mortgage File or any remaining document required to be delivered with respect thereto
shall be joint and several, provided that either of the related Applicable Co-sponsors may deliver one Mortgage File (exclusive of the
related Mortgage Notes) or one of any other remaining document required to be delivered with respect to such Co-sponsored Mortgage Loan
or Co-sponsored Trust Subordinate Companion Loan, as applicable, hereunder and such delivery shall satisfy the corresponding delivery
requirements for each of the related Applicable Co-sponsors.

With respect to any Serviced
Mortgage Loan secured by a Mortgaged Property that is subject to a franchise agreement with a related comfort letter in favor of the related
Mortgage Loan Seller that requires notice to or request of the related franchisor to transfer or assign any such related comfort letter
to the Trustee for the benefit of the Certificateholders and the Uncertificated VRR Interest Owner (and, if applicable, the related Serviced
Companion Loan Holder(s) and any related Loan-Specific Certificateholders) or have a new comfort letter (or any such new document or acknowledgement
as may be contemplated under the existing comfort letter) issued in the name of the Trustee for the benefit of the Certificateholders
and the Uncertificated VRR Interest Owner

    	 	- 168 -	 

     

    

(and, if applicable, the related Serviced Companion
Loan Holder(s) and any related Loan-Specific Certificateholders), the related Mortgage Loan Seller or its designee shall, within 45 days
of the Closing Date (or any shorter period if required by the applicable comfort letter), provide any such required notice or make any
such required request to the related franchisor for the transfer or assignment of such comfort letter or issuance of a new comfort letter
(or any such new document or acknowledgement as may be contemplated under the existing comfort letter), with a copy of such notice or
request to the Custodian (who shall include such document in the related Mortgage File) and the Master Servicer, and the Master Servicer
shall use reasonable efforts in accordance with the Servicing Standard to acquire such replacement comfort letter, if necessary (or to
acquire any such new document or acknowledgement as may be contemplated under the existing comfort letter), and the Master Servicer shall,
as soon as reasonably practicable following receipt thereof, deliver the original of such replacement comfort letter, new document or
acknowledgement, as applicable, to the Custodian for inclusion in the Mortgage File.

After the Depositor’s
transfer of the Mortgage Loans and the Trust Subordinate Companion Loan to the Trustee pursuant to this Section 2.01(b), the
Depositor shall not take any action inconsistent with the Trust’s ownership of the Mortgage Loans and the Trust Subordinate Companion
Loan.

(c)              
The Depositor hereby represents and warrants that each Mortgage Loan Seller has covenanted in the applicable Mortgage Loan Purchase
Agreement that it shall record and file, or cause a third party on its behalf to record and file, at the related Mortgage Loan Seller’s
expense, in the appropriate public recording office for real property records or UCC financing statements, as appropriate, each related
assignment of Mortgage and assignment of Assignment of Leases referred to in clause (4) of the definition of “Mortgage File”
and each related UCC-3 assignment referred to in clause (15) of the definition of “Mortgage File”, in each case in
favor of the Trustee. This subsection (c) shall not apply to any Outside Serviced Mortgage Loan because the documents
referred to herein have been assigned to the related Outside Trustee. Notwithstanding the foregoing, with respect to a Servicing Shift
Mortgage Loan: (A) the instruments of assignment referred to in clauses (4), (5) and (14) in the definition of “Mortgage File”
may be in blank and need not be recorded pursuant to this Agreement (to the extent recordation would have otherwise been required) until
the earliest of (i) the related Servicing Shift Date, in which case such instruments shall be completed and, if applicable, recorded
in accordance with the related Servicing Shift Mortgage Loan Pooling and Servicing Agreement, and the related Mortgage Loan Seller shall
deliver or cause the delivery of photocopies of any such instruments of assignment so completed and recorded to the Custodian, (ii) such
Servicing Shift Mortgage Loan becomes a Specially Serviced Mortgage Loan prior to the related Servicing Shift Date, in which case such
assignments shall be completed and, if applicable, recorded in accordance with this Agreement upon such occurrence, and (iii) the
expiration of 180 days following the Closing Date, in which case assignments shall be completed and, if applicable, recordations
shall be effected in accordance with this Agreement upon such occurrence; and (B) on or promptly following the related Servicing
Shift Date and upon the transfer of servicing of the related Servicing Shift Mortgage Loan to the related Outside Servicing Agreement
in accordance with the related Co-Lender Agreement, the Custodian shall deliver the originals of all documents constituting the related
Mortgage File and any other related Loan Documents (if not a part of the related Mortgage File) in its possession

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(other than the documents described in
clause (1) of the definition of “Mortgage File”) to the related Outside Trustee or the Outside Custodian; provided
that, prior to the delivery of any such original documents to the related Outside Trustee or Outside Custodian, the Custodian shall make
and retain photocopies of any and all documents so delivered to the related Outside Trustee or the Outside Custodian; and provided, further,
that, to the extent any instruments of assignment that are part of the Mortgage File have been recorded or filed pursuant to this Agreement
prior to the related Servicing Shift Date, the Trustee shall execute and deliver assignments to the Outside Trustee.

The Depositor hereby represents
and warrants that the applicable Mortgage Loan Seller has covenanted in the related Mortgage Loan Purchase Agreement as to each Mortgage
Loan (exclusive of any Outside Serviced Mortgage Loan) and the Trust Subordinate Companion Loan, that if it cannot deliver or cause to
be delivered the documents and/or instruments referred to in clauses (2), (3) and (6) (if recorded) and (15) of the definition
of “Mortgage File” solely because of a delay caused by the public recording or filing office where such document or instrument
has been delivered for recordation or filing, as applicable, a copy of the original certified by the applicable Mortgage Loan Seller or
the title agent to be a true and complete copy of the original thereof submitted for recording, shall be forwarded to the Custodian. Each
assignment referred to in the prior paragraph that is recorded and the file copy of each UCC-3 assignment referred to in the previous
paragraph shall reflect that it should be returned by the public recording or filing office to the Custodian or its agent following recording
(or, alternatively, to the applicable Mortgage Loan Seller or its designee, in which case the applicable Mortgage Loan Seller shall deliver
or cause the delivery of the recorded/filed original to the Custodian promptly following receipt); provided that, in those instances
where the public recording office retains the original assignment of Mortgage or assignment of Assignment of Leases, the applicable Mortgage
Loan Seller or its designee shall obtain and provide to the Custodian a certified copy of the recorded original. On a monthly basis, at
the expense of the applicable Mortgage Loan Seller, the Custodian shall forward to the Master Servicer a copy of each of the aforementioned
assignments following the Custodian’s receipt thereof.

If the Custodian has received
written notice that any of the aforementioned assignments is lost or returned unrecorded or unfiled, as the case may be, because of a
defect therein, then the Custodian shall direct the applicable Mortgage Loan Seller (pursuant to the Mortgage Loan Purchase Agreement)
promptly to prepare or cause the preparation of a substitute therefor or cure such defect or cause such defect to be cured, as the case
may be, and to record or file, or with respect to any assignments that a third party on the Mortgage Loan Seller’s behalf has agreed
to record or file as described above, to deliver to such third party the substitute or corrected document.

(d)              
In connection with the Depositor’s assignment pursuant to Section 2.01(a) of this Agreement, except with respect
to any Outside Serviced Mortgage Loan, the Depositor shall direct the applicable Mortgage Loan Seller (pursuant to the related Mortgage
Loan Purchase Agreement) to deliver to and deposit with (or cause to be delivered to and deposited with) the Master Servicer within
five (5) Business Days after the Closing Date: (i) a copy of the Mortgage File; (ii) all documents and records not otherwise
required to be contained in the Mortgage File that (A) relate to the origination and/or servicing and administration of the Mortgage
Loans, the Trust Subordinate

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Companion Loan and any other related
Serviced Companion Loan(s), (B) are reasonably necessary for the ongoing administration and/or servicing of the Mortgage Loans (including
any asset summaries related to the Mortgage Loans that were delivered to the Rating Agencies in connection with the rating of the Certificates),
the Trust Subordinate Companion Loan or any other related Serviced Companion Loans or for evidencing or enforcing any of the rights of
the holder of the Mortgage Loans, the Trust Subordinate Companion Loan or any other related Serviced Companion Loans or holders of interests
therein, and (C) are in possession or under control of the applicable Mortgage Loan Seller; and (iii) all unapplied Escrow Payments
and reserve funds in the possession or under control of the applicable Mortgage Loan Seller that relate to such Mortgage Loans, the Trust
Subordinate Companion Loan and any other related Serviced Companion Loans, together with a statement indicating which Escrow Payments
and reserve funds are allocable to each Mortgage Loan, Trust Subordinate Companion Loan or any other related Serviced Companion Loan;
provided that the applicable Mortgage Loan Seller shall not be required to deliver any draft documents, privileged or other related
Mortgage Loan Seller communications, credit underwriting, due diligence analyses or data, or internal worksheets, memoranda, communications
or evaluations. The Master Servicer shall hold all such documents, records and funds on behalf of the Trustee in trust for the benefit
of the Certificateholders, the Uncertificated VRR Interest Owner and any related Loan-Specific Certificateholders (and, insofar as they
also relate to a Serviced Companion Loan held outside the Trust, on behalf of and for the benefit of the applicable Serviced Companion
Loan Holder). Notwithstanding anything to the contrary, the foregoing provisions of this Section 2.01(d) shall not apply to
the Outside Serviced Mortgage Loans. In addition, each Mortgage Loan Seller is required, pursuant to the related Mortgage Loan Purchase
Agreement, to provide to the Master Servicer the initial data with respect to its Mortgage Loans and, in the case of CREFI and BMO, their
Trust Subordinate Companion Loan for the CREFC® Financial File and the CREFC® Loan Periodic Update File
that are required to be prepared by the Master Servicer pursuant to this Agreement.

(e)              
In connection with the Depositor’s assignment pursuant to subsection (a) above, the Depositor shall deliver,
and hereby represents and warrants that it has delivered, to the Custodian and the Master Servicer, on or before the Closing Date, a fully
executed original counterpart of each Mortgage Loan Purchase Agreement, as in full force and effect, without amendment or modification,
on the Closing Date.

(f)               
With respect to a Serviced Whole Loan, the Custodian shall also hold the related Mortgage File for the use and benefit of the related
Serviced Companion Loan Holder(s).

(g)            
The parties to this Agreement acknowledge and agree, with respect to the Outside Serviced Mortgage Loans, that the Trust assumes
the obligations and rights of the holder of each Outside Serviced Mortgage Loan under the respective Co-Lender Agreement and/or Outside
Servicing Agreement.

(h)              
It is not intended that this Agreement create a partnership or a joint-stock association.

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(i)              
 The parties to this Agreement acknowledge that each Mortgage Loan Purchase Agreement provides that: (1) within sixty (60) days
after the Closing Date, the related Mortgage Loan Seller is required to deliver or cause to be delivered the Diligence File for each of
its Mortgage Loans to the Depositor by uploading such Diligence Files to the Designated Site; and (2) promptly upon completion of such
delivery of the Diligence Files (but in no event later than sixty (60) days after the Closing Date), the applicable Mortgage Loan
Seller is required to provide to the Depositor (with a copy (which may be sent by email if and to the extent provided for in Section 12.04
of this Agreement) to each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian, the
Controlling Class Representative, the Asset Representations Reviewer and the Operating Advisor) an officer’s certificate signed
by such Mortgage Loan Seller certifying that the electronic copies of the documents uploaded to the Designated Site constitute all documents
required under the definition of “Diligence File” and such Diligence Files are organized and categorized in accordance with
the electronic file structure reasonably requested by the Depositor (the “Diligence File Certification”).The Depositor
shall have no responsibility for determining whether any Diligence Files delivered to it are complete and shall have no liability to the
Trust or the Certificateholders or the Uncertificated VRR Interest Owner or any related Loan-Specific Certificateholders for the failure
of any Mortgage Loan Seller to deliver a Diligence File (or a complete Diligence File) to the Depositor.

(j)                   Within
one (1) Business Day after the Closing Date, the Depositor shall deliver to the Master Servicer the Initial Schedule AL File and the
Initial Schedule AL Additional File in XML Format and Excel format at the following email address: NoticeAdmin@midlandls.com.

(k)            
The parties to this Agreement acknowledge that each Mortgage Loan Purchase Agreement provides that, contemporaneously with the
execution of such Mortgage Loan Purchase Agreement by the Depositor and the related Mortgage Loan Seller, the related Mortgage Loan Seller
is required to deliver to the Special Servicer a power of attorney (substantially in the form of Exhibit G to such Mortgage
Loan Purchase Agreement) that permits the Special Servicer to take such other action as is necessary to effect the delivery, assignment
and/or recordation of any documents and/or instruments relating to any related Mortgage Loan or, if applicable, Trust Subordinate Companion
Loan which have not been delivered, assigned or recorded at the time required for enforcement actions by the Special Servicer on behalf
of the Trust Fund.

Section 2.02          
Acceptance by the Trustee, the Custodian and the Certificate Administrator.

(a)              
The Trustee, by its execution and delivery of this Agreement, hereby accepts receipt, directly or through the Custodian on its
behalf, of (i) the Mortgage Loans, the Trust Subordinate Companion Loan and all documents delivered to it that constitute portions
of the related Mortgage Files and (ii) all other assets delivered to it and included in the Trust Fund, in good faith and without
notice of any adverse claim, and declares that it or the Custodian on its behalf holds and will hold such documents and any other documents
subsequently received by it that constitute portions of the Mortgage Files, and

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that the Custodian on behalf of the Trustee
holds and will hold the Mortgage Loans, the Trust Subordinate Companion Loan and such other assets, together with any other assets subsequently
delivered to it that are to be included in the Trust Fund, in trust for the exclusive use and benefit of all present and future Certificateholders,
the Uncertificated VRR Interest Owner, any related Loan-Specific Certificateholders and, if applicable, the Serviced Companion Loan Holders
pursuant to Section 2.01(f) of this Agreement. With respect to each Serviced Whole Loan, the Custodian shall also hold the
portion of such Mortgage File that relates to any Serviced Companion Loan in such Whole Loan that is held outside the Trust in trust for
the use and benefit of the related Serviced Companion Loan Holder. In connection with the foregoing, the Certificate Administrator, as
the initial Custodian, hereby certifies to each of the other parties hereto, the applicable Mortgage Loan Seller, each Underwriter and
each Initial Purchaser that, as to each Mortgage Loan and Trust Subordinate Companion Loan, (i) all documents specified in clause (1)
of the definition of “Mortgage File” are in its possession, and (ii) the original Note (or, if accompanied by a lost
note affidavit, the copy of such Note) received by it with respect to such Mortgage Loan or Trust Subordinate Companion Loan has
been reviewed by it and (A) appears regular on its face (handwritten additions, changes or corrections shall not constitute irregularities
if initialed by the Mortgagor), (B) appears to have been executed (where appropriate) and (C) purports to relate to such Mortgage
Loan or Trust Subordinate Companion Loan, as applicable.

(b)              
On or about the 60th day following the Closing Date (and, if any exceptions are noted, again on or about the 90th day following
the Closing Date and monthly thereafter until the earliest of (i) the second anniversary of the Closing Date, (ii) the day on
which all exceptions have been removed and (iii) the day on which the applicable Mortgage Loan Seller has repurchased or substituted
for the last affected Trust Loan), the Custodian shall review the documents delivered to it with respect to each Trust Loan, and the Custodian
shall, subject to Sections 2.01(c), 2.02(c) and 2.02(d) of this Agreement and the terms of the respective Mortgage
Loan Purchase Agreements, certify in writing (substantially in the form of Exhibit N to this Agreement) to each of the other
parties hereto, the applicable Mortgage Loan Seller, each Underwriter and each Initial Purchaser (and upon request, in the case of a Serviced
Whole Loan that is held outside the Trust, to the related Serviced Companion Loan Holder) that, as to each Mortgage Loan and Trust Subordinate
Companion Loan then subject to this Agreement (except as specifically identified in any exception report annexed to such certification,
which exception report shall also be available in electronic format (including Excel-compatible format) upon request): (i) all
documents specified in clauses (1), (2), (3), (4) (other than with respect to an Outside Serviced Mortgage Loan), (5), (6) (provided
that the Custodian has been notified of any related modification), (7), (15) and (20) (for each Mortgage Loan that is part of a Whole
Loan and the Trust Subordinate Companion Loan) of the definition of “Mortgage File” are in its possession; (ii) the recordation/filing
contemplated by Section 2.01(c) of this Agreement has been completed (based solely on receipt by the Custodian (whether
that is the Certificate Administrator or any other Custodian appointed by it) of the particular recorded/filed documents); (iii) all
documents received by the Custodian with respect to such Mortgage Loan or Trust Subordinate Companion Loan have been reviewed by the Custodian
and (A) appear regular on their face (handwritten additions, changes or corrections shall not constitute irregularities if initialed
by the Mortgagor), (B) appear to

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have been executed (where appropriate)
and (C) purport to relate to such Mortgage Loan or Trust Subordinate Companion Loan; and (iv) based on the examinations referred
to in Section 2.02(a) of this Agreement and this Section 2.02(b) and only as to the foregoing documents (together
with any Loan Agreement that has been delivered by the related Mortgage Loan Seller), the information set forth in the Mortgage Loan Schedule
with respect to the items specified in clauses (iv) and (v)(B) of the definition of “Mortgage Loan Schedule” accurately
reflects the information set forth in the Mortgage File. With respect to the items listed in clauses (2), (3), (4) and (6) of the
definition of “Mortgage File” if the original of such document is not in the Custodian’s possession because it has not
been returned from the applicable recording office, then the Custodian’s certification prepared pursuant to this Section 2.02(b)
should indicate the absence of such original. In addition, as it relates to the Outside Serviced Mortgage Loans (including, for the avoidance
of doubt, each Outside Serviced Mortgage Loan with respect to which the Custodian is also the applicable Outside Custodian under the applicable
Outside Servicing Agreement), with respect to the items listed in clauses (1), (2), (3), (4), (5), (6), (7), (15) and (20) of the
definition of “Mortgage File”, the Custodian’s certification prepared pursuant to this Section 2.02(b) should
indicate the absence of such document: (i) in the case of the item listed in clause (1) of the definition of “Mortgage File”,
unless the Custodian is in possession of the original of such document; and (ii) in the case of the items listed in clauses (2),
(3), (4), (5), (6), (7), (15) and (20) of the definition of “Mortgage File”, unless the Custodian is in possession of a copy
of such document. If the Custodian’s obligation to deliver the certifications contemplated in this subsection terminates because
two years have elapsed since the Closing Date, the Certificate Administrator shall deliver (or cause any other Custodian appointed by
it to deliver) a comparable certification to any party hereto, the Serviced Companion Loan Holder and any Underwriter and any Initial
Purchaser on request.

(c)                  It is acknowledged that none of the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator or the Custodian
is under any duty or obligation to inspect, review or examine any of the documents, instruments, certificates or other papers relating
to the Trust Loans delivered to it to determine that the same are valid, legal, effective, genuine, binding, enforceable, sufficient or
appropriate for the represented purpose or that they are other than what they purport to be on their face. Furthermore, none of the Trustee,
the Master Servicer, the Special Servicer, the Certificate Administrator or the Custodian shall have any responsibility for determining
whether the text of any assignment or endorsement is in proper or recordable form, whether the requisite recording of any document is
in accordance with the requirements of any applicable jurisdiction, or whether a blanket assignment is permitted in any applicable jurisdiction.

(d)              
The parties hereto hereby agree that the scope of the Custodian’s review of the Mortgage Files is limited solely to confirming
that the documents specified in clauses (1), (2), (3), (4) (other than with respect to an Outside Serviced Mortgage Loan), (5), (6)
(provided that the Custodian has been notified of any related modification), (7), (15) and (20) (for each Mortgage Loan that is part of
a Whole Loan and the Trust Subordinate Companion Loan) of the definition of “Mortgage File” have been received, appear regular
on their face and such additional information as will be necessary for delivering the certifications required by Sections 2.02(a)
and 2.02(b) of this Agreement,

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and such review is in no way intended
to, nor shall it be used to, verify the content of any collateral descriptions included in any data tapes and shall not otherwise directly
or indirectly be reflected in any offering document. Any review of the Mortgage Files by the Custodian and any certification with respect
thereto is not intended to, and shall not be deemed by the parties to this Agreement to, constitute “due diligence services”
or a “third party due diligence report” as such terms are defined in Rule 17g-10 and 15Ga-2, respectively, under
the Exchange Act. Any recipient of the Custodian’s certification or a copy thereof by its receipt thereof is deemed to agree, and
each party to this Agreement hereby agrees, that it shall not share such certification with any NRSRO or any party not addressed on such
certification. Notwithstanding the foregoing, nothing in this Section 2.02(d) shall relieve any party to this Agreement from
its obligation to deliver information to the Rating Agencies as required under and in accordance with the terms of this Agreement.

(e)              
If, after the Closing Date, the Depositor comes into possession of any documents or records that constitute part of the Mortgage
File or Servicing File for any Trust Loan, the Depositor shall promptly deliver such document to the Custodian with a copy to the Master
Servicer (if it constitutes part of the Servicing File).

Section 2.03          
Mortgage Loan Sellers’ Repurchase, Substitution or Cures of Trust Loans for Document Defects in Mortgage Files and Breaches
of Representations and Warranties.

(a)              
If (i) any party hereto (other than the Asset Representations Reviewer) (A) discovers or receives notice alleging that
any document constituting a part of a Mortgage File has not been properly executed, is missing, contains information that does not conform
in any material respect with the corresponding information set forth in the Mortgage Loan Schedule, or does not appear to be regular on
its face (each, a “Document Defect”) or (B) discovers or receives notice alleging a breach of any representation
or warranty of the applicable Mortgage Loan Seller made pursuant to Section 6(c) of the related Mortgage Loan Purchase Agreement
with respect to any Trust Loan (a “Breach”) or (ii) the Special Servicer or the Depositor receives a Repurchase
Request, then such Person shall give prompt written notice thereof to the applicable Mortgage Loan Seller, the Controlling Class Representative
(prior to the occurrence and continuance of a Consultation Termination Event), the other parties hereto, any related Serviced Companion
Loan Holder (if applicable) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13
of this Agreement, the Rule 17g-5 Information Provider (to the extent notice has not previously been delivered to such Persons
pursuant to this sentence). If any such Document Defect or Breach materially and adversely affects, or any such Document Defect is deemed
in accordance with Section 2.03(b) of this Agreement to materially and adversely affect, the value of the related Mortgage
Loan or Trust Subordinate Companion Loan, the value of the related Mortgaged Property (or any related REO Property) or the interests of
the Trustee or any Certificateholder or the Uncertificated VRR Interest Owner (or any Loan-Specific Certificateholder) in the related
Mortgage Loan or Trust Subordinate Companion Loan or the related Mortgaged Property (or any related REO Property) or causes any Mortgage
Loan or Trust Subordinate Companion Loan to fail to be a Qualified Mortgage, then such Document Defect shall, subject to Section 2.03(b),
constitute a “Material Document Defect” or such Breach shall constitute a “Material

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Breach”, as the case may
be. The Enforcing Servicer shall determine, with respect to any affected Mortgage Loan (including any successor REO Mortgage Loan with
respect thereto) or Trust Subordinate Companion Loan (including any successor REO Companion Loan with respect thereto), whether a Document
Defect is a Material Document Defect or a Breach is a Material Breach. If such Document Defect or Breach has been determined to be a
Material Defect, then the Enforcing Servicer shall give prompt written notice to the other parties hereto, the Controlling Class Representative
(prior to the occurrence and continuance of a Consultation Termination Event), and the applicable Mortgage Loan Seller (a) notifying
such parties of the existence of such Material Defect and (b) demanding that the applicable Mortgage Loan Seller, not later than 90 days
from the earlier of the applicable Mortgage Loan Seller’s (x) discovery of, and (y) receipt of notice of, and receipt of a demand
to take action with respect to, such Material Defect (or, in the case of a Material Defect relating to a Trust Loan not being a Qualified
Mortgage, not later than 90 days from any party discovering such Material Defect), cure the same in all material respects (which
cure shall include payment of losses and any Additional Trust Fund Expenses associated therewith (including, if applicable, the amount
of any fees of the Asset Representations Reviewer payable pursuant to the related Mortgage Loan Purchase Agreement attributable to the
Asset Review of such Mortgage Loan)) or, if such Material Defect cannot be cured within such 90 day period, either (before
the end of such 90-day period) (i) repurchase the affected Trust Loan or any related REO Property (or the Trust’s interest
therein with respect to any Outside Serviced Mortgage Loan) at the applicable Purchase Price by wire transfer of immediately available
funds to the Collection Account or (ii) solely in the case of an affected Mortgage Loan, substitute a Qualified Substitute Mortgage Loan
for such affected Mortgage Loan (provided that in no event shall any such substitution occur on or after the second anniversary
of the Closing Date and in no event shall any substitution be effected with respect to the Trust Subordinate Companion Loan) and pay
the Master Servicer for deposit into the Collection Account, any Substitution Shortfall Amount in connection therewith, all in conformity
with the applicable Mortgage Loan Purchase Agreement and this Agreement; provided, however, that no Mortgage Loan Seller
may repurchase its portion of the Trust Subordinate Companion Loan without repurchasing the portion of the related Mortgage Loan that
it contributed (so long as there is a Material Defect with respect to such related Mortgage Loan); provided, further, that
if (i) such Material Defect is capable of being cured but not within such 90 day period, (ii) such Material Defect
is not related to any Mortgage Loan or Trust Subordinate Companion Loan not being a Qualified Mortgage and (iii) the applicable
Mortgage Loan Seller has commenced and is diligently proceeding with the cure of such Material Defect within such 90 day period,
then such Mortgage Loan Seller shall have an additional 90 days to complete such cure or, in the event of a failure to so cure,
to complete such repurchase or substitution (it being understood and agreed that, in connection with such Mortgage Loan Seller’s
receiving such additional 90 day period, such Mortgage Loan Seller shall deliver an Officer’s Certificate to the Trustee,
the Master Servicer, the Special Servicer and the Certificate Administrator setting forth the reasons such Material Defect is not capable
of being cured within the initial 90 day period and what actions such Mortgage Loan Seller is pursuing in connection with the
cure thereof and stating that such Mortgage Loan Seller anticipates that such Material Defect will be cured within such additional 90 day
period); and provided, further, that, if any such Material Defect is still not cured after the initial

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90 day period and any such additional
90 day period solely due to the failure of such Mortgage Loan Seller to have received the recorded document, then such Mortgage Loan
Seller shall be entitled to continue to defer its cure, repurchase and/or substitution obligations in respect of such Material Defect
so long as such Mortgage Loan Seller certifies to the Trustee, the Master Servicer, the Special Servicer and the Certificate Administrator
every 30 days thereafter that the Material Defect is still in effect solely because of its failure to have received the recorded
document and that such Mortgage Loan Seller is diligently pursuing the cure of such defect (specifying the actions being taken), except
that no such deferral of cure, repurchase or substitution may continue beyond the date that is 18 months following the Closing Date. If
the affected Mortgage Loan or Trust Subordinate Companion Loan is to be repurchased, the Master Servicer shall designate the Collection
Account as the account to which funds in the amount of the Purchase Price are to be wired. If the affected Mortgage Loan is to be substituted
for, the Master Servicer shall designate the Collection Account as the account to which funds in the amount of the Substitution Shortfall
Amount are to be wired. Any such repurchase or substitution of a Mortgage Loan shall be on a whole loan, servicing released basis. Monthly
Payments due with respect to each Qualified Substitute Mortgage Loan (if any) after the related Due Date in the month of substitution,
and Monthly Payments due with respect to each Mortgage Loan or Trust Subordinate Companion Loan being repurchased or replaced after the
related Cut-Off Date and received by the Master Servicer or the Special Servicer on behalf of the Trust on or prior to the related
date of repurchase or substitution, shall be part of the Trust Fund. Monthly Payments due with respect to each Qualified Substitute Mortgage
Loan (if any) on or prior to the related Due Date in the month of substitution, and Monthly Payments due with respect to each Mortgage
Loan or Trust Subordinate Companion Loan being repurchased or replaced and received by the Master Servicer or the Special Servicer on
behalf of the Trust after the related date of repurchase or substitution, shall not be part of the Trust Fund and are to be remitted by
the Master Servicer to the Mortgage Loan Seller effecting the related repurchase or substitution promptly following receipt. From and
after the date of substitution, each Qualified Substitute Mortgage Loan, if any, that has been substituted shall be deemed to constitute
a “Mortgage Loan” hereunder for all purposes. No mortgage loan may be substituted for a Defective Mortgage Loan as contemplated
by this Section 2.03(a) if the Mortgage Loan to be replaced was itself a Qualified Substitute Mortgage Loan that had replaced
a prior Mortgage Loan, in which case, absent a cure (including by the making of a Loss of Value Payment pursuant to the following paragraph)
of the relevant Material Defect, the affected Mortgage Loan will be required to be repurchased.

Notwithstanding the foregoing
provisions of this Section 2.03(a), in lieu of the related Mortgage Loan Seller performing its obligations with respect to
any Material Defect as set forth in the preceding paragraph, to the extent that such Mortgage Loan Seller and the Enforcing Servicer (subject
to the consent of the applicable Directing Holder) are able to agree upon a cash payment payable by such Mortgage Loan Seller to the Trust
that would be deemed sufficient to compensate the Trust for such Material Defect (a “Loss of Value Payment”), such
Mortgage Loan Seller may elect, in its sole discretion, to pay such Loss of Value Payment to the Trust, and the amount of such Loss of
Value Payment shall be deposited into the Loss of Value Reserve Fund to be applied in accordance with Section 3.06(c) of this
Agreement; provided that a Material Defect as a result of a Trust Loan not constituting a Qualified Mortgage may not be cured by
a Loss of

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Value Payment. In connection with the Enforcing
Servicer’s reaching an agreement with a Mortgage Loan Seller as to a Loss of Value Payment, the Master Servicer shall, upon the
Enforcing Servicer’s request, promptly provide the Enforcing Servicer with a copy of the Servicing File for such Trust Loan and
any other information relating to such Trust Loan and reasonably requested by the Enforcing Servicer. Any agreement by the Enforcing Servicer
with a Mortgage Loan Seller as to any Loss of Value Payment with respect to a Specially Serviced Loan shall be subject to the consent
of the applicable Directing Holder. The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Special
Servicer in respect of such Loss of Value Payment and, in the case of a Mortgage Loan, the portion of fees of the Asset Representations
Reviewer attributable to any Asset Review of such Mortgage Loan. Upon its making a Loss of Value Payment, the applicable Mortgage Loan
Seller shall be deemed to have cured the subject Material Defect in all respects. Provided that such Loss of Value Payment is made, this
paragraph describes the sole remedy available to the Certificateholders, the Uncertificated VRR Interest Owner, any related Loan-Specific
Certificateholders or the Trust regarding any such Material Defect in respect of which such Loss of Value Payment is accepted, and the
related Mortgage Loan Seller shall not be obligated to repurchase or replace the affected Mortgage Loan or Trust Subordinate Companion
Loan or otherwise cure such Material Defect. This paragraph is intended to apply only to a mutual agreement or settlement between the
applicable Mortgage Loan Seller and the Enforcing Servicer, provided that, prior to any such agreement or settlement, nothing in
this paragraph shall preclude the Mortgage Loan Seller or the Enforcing Servicer, as applicable, from exercising any of its rights related
to a Material Defect in the manner and within the time frames set forth in the related Mortgage Loan Purchase Agreement or this Section 2.03
(excluding this paragraph) (including any right to cure, repurchase or substitute for such Mortgage Loan or Trust Subordinate Companion
Loan).

In the case of a Material
Defect with respect to any CREFI Co-sponsored Mortgage Loan or CREFI Co-sponsored Trust Subordinate Companion Loan, CREFI shall be responsible
for any remedies under this Agreement and the CREFI Mortgage Loan Purchase Agreement solely in respect of the portion of such CREFI Co-sponsored
Mortgage Loan or CREFI Co-sponsored Trust Subordinate Companion Loan, as applicable, evidenced by the applicable CREFI Co-sponsored Note
as if such promissory note(s) were a separate Mortgage Loan or Trust Subordinate Companion Loan, as applicable. In the case of a Material
Defect with respect to any SMC Co-sponsored Mortgage Loan, SMC shall be responsible for any remedies under this Agreement and the SMC
Mortgage Loan Purchase Agreement solely in respect of the portion of such SMC Co-sponsored Mortgage Loan evidenced by the applicable SMC
Co-sponsored Note as if such promissory note(s) were a separate Mortgage Loan. In the case of a Material Defect with respect to any BMO
Co-sponsored Mortgage Loan or BMO Co-sponsored Trust Subordinate Companion Loan, BMO shall be responsible for any remedies under this
Agreement and the BMO Mortgage Loan Purchase Agreement solely in respect of the portion of such BMO Co-sponsored Mortgage Loan or BMO
Co-sponsored Trust Subordinate Companion Loan, as applicable, evidenced by the applicable BMO Co-sponsored Note as if such promissory
note(s) were a separate Mortgage Loan or Trust Subordinate Companion Loan, as applicable.

If (x) a Mortgage Loan is
to be repurchased or replaced as described above (a “Defective Mortgage Loan”), (y) such Defective Mortgage Loan is
part of a Cross-Collateralized Group and (z) the applicable Document Defect or Breach does not constitute a Material Defect as to
the other Mortgage Loan(s) that are a part of such Cross-Collateralized Group (the “Other

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Crossed Loans”) (without regard
to this paragraph), then the applicable Document Defect or Breach (as the case may be) shall be deemed to constitute a Material Defect
as to each such Other Crossed Loan for purposes of the above provisions, and the related Mortgage Loan Seller shall be obligated to repurchase
or replace each such Other Crossed Loan in accordance with the provisions above unless, in the case of such Breach or Document Defect,
as applicable:

(A)            
the related Mortgage Loan Seller (at its expense) delivers or causes to be delivered to the Trustee, the Master Servicer and the
Special Servicer an Opinion of Counsel to the effect that such Mortgage Loan Seller’s repurchase or replacement of only the Mortgage
Loan(s) as to which a Material Defect has actually occurred without regard to the provisions of this paragraph (the “Affected
Loan(s)”) and the operation of the remaining provisions of this Section 2.03(a) (i) will not cause any Trust
REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under subpart E, part I of subchapter
J of the Code for federal income tax purposes at any time that any Certificate is outstanding and (ii) will not result in the imposition
of a tax upon any Trust REMIC or the Trust Fund (including but not limited to the tax on “prohibited transactions” as defined
in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code); and

(B)             
each of the following conditions would be satisfied if the related Mortgage Loan Seller were to repurchase or replace only the
Affected Loans and not the Other Crossed Loans:

(1)              
the debt service coverage ratio for such Other Crossed Loan(s) (excluding the Affected Loan(s)) for the four calendar quarters
immediately preceding the repurchase or replacement is not less than the lesser of (A) 0.10x below the debt service coverage ratio for
the Cross-Collateralized Group (including the Affected Loan(s)) set forth in Annex A to the Prospectus and (B) the debt service
coverage ratio for the Cross-Collateralized Group (including the Affected Loan(s)) for the four preceding calendar quarters preceding
the repurchase or replacement;

(2)              
the loan-to-value ratio for the Other Crossed Loans (excluding the Affected Loan(s)) is not greater than the greatest of
(A) the loan-to-value ratio, expressed as a whole number percentage (taken to one decimal place), for the Cross-Collateralized
Group (including the Affected Loan(s)) set forth in Annex A to the Prospectus plus 10%, (B) the loan-to-value
ratio, expressed as a whole number percentage (taken to one decimal place), for the Cross-Collateralized Group (including the Affected
Loan(s)) at the time of repurchase or replacement and (C) 75%; and

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(3)              
 either (x) the exercise of remedies against the Primary Collateral of any Mortgage Loan in the Cross-Collateralized Group
will not impair the ability to exercise remedies against the Primary Collateral of the other Mortgage Loans in the Cross-Collateralized
Group or (y) the Loan Documents evidencing and securing the relevant Mortgage Loans have been modified in a manner that complies
with the related Mortgage Loan Purchase Agreement and this Agreement and that removes any threat of impairment of the ability to exercise
remedies against the Primary Collateral of the other Mortgage Loans in the Cross-Collateralized Group as a result of the exercise
of remedies against the Primary Collateral of any Mortgage Loan in the Cross-Collateralized Group.

The determination of the
Enforcing Servicer as to whether the conditions set forth above have been satisfied shall be conclusive and binding in the absence of
manifest error on the Certificateholders, the Uncertificated VRR Interest Owner, the other parties to this Agreement and the related Mortgage
Loan Seller. The Enforcing Servicer will be entitled to cause to be delivered, or direct the related Mortgage Loan Seller to cause to
be delivered, to the Enforcing Servicer an Appraisal of any or all of the related Mortgaged Properties for purposes of determining whether
the condition set forth in clause (B)(2) above has been satisfied, in each case at the expense of the related Mortgage Loan Seller
if the scope and cost of the Appraisal is approved by the related Mortgage Loan Seller and, so long as a Consultation Termination Event
has not occurred and is not continuing, by the Controlling Class Representative (such approval not to be unreasonably withheld in
each case).

With respect to any Defective
Mortgage Loan that forms a part of a Cross-Collateralized Group and as to which the conditions described in the second preceding paragraph
are satisfied, such that the Trust Fund will continue to hold the Other Crossed Loans, the related Mortgage Loan Seller and the Trustee,
as successor to the Depositor, are bound by an agreement (set forth in the related Mortgage Loan Purchase Agreement) to forbear from enforcing
any remedies against the other’s Primary Collateral but each is permitted to exercise remedies against the Primary Collateral securing
its respective Mortgage Loans, including with respect to the Trustee, the Primary Collateral securing the Affected Loan(s) still held
by the Trust Fund. If the exercise of remedies by one such party would impair the ability of the other such party to exercise its remedies
with respect to the Primary Collateral securing the Affected Loan or the Other Crossed Loans, as the case may be, held by the other such
party, then both parties have agreed to forbear from exercising such remedies unless and until the Loan Documents evidencing and securing
the relevant Mortgage Loans can be modified in a manner that complies with the related Mortgage Loan Purchase Agreement to remove the
threat of impairment as a result of the exercise of remedies. Any reserve or other cash collateral or letters of credit securing any of
the Mortgage Loans that form a Cross-Collateralized Group shall be allocated between such Mortgage Loans in accordance with the related
Loan Documents, or otherwise on a pro rata basis based upon their outstanding Stated Principal Balances. All other terms of the
related Mortgage Loans shall remain in full force and effect, without any modification thereof. The provisions of this paragraph shall
be binding on all future holders of each Mortgage Loan that forms part of a Cross-Collateralized Group.

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Pursuant to each Mortgage
Loan Purchase Agreement, if there is a Material Defect with respect to one or more Mortgaged Properties securing a Mortgage Loan, the
related Mortgage Loan Seller shall not be obligated to repurchase the Mortgage Loan (or (a) in the case of any CREFI Co-sponsored Mortgage
Loan, with respect to CREFI, the applicable portion of such CREFI Co-sponsored Mortgage Loan evidenced by the applicable CREFI Co-sponsored
Note, or (b) in the case of any SMC Co-sponsored Mortgage Loan, with respect to SMC, the applicable portion of such SMC Co-sponsored Mortgage
Loan evidenced by the applicable SMC Co-sponsored Note, or (c) in the case of any BMO Co-sponsored Mortgage Loan, with respect to BMO,
the applicable portion of such BMO Co-sponsored Mortgage Loan evidenced by the applicable BMO Co-sponsored Note) if (i) the affected Mortgaged
Property(ies) may be released pursuant to the terms of any partial release provisions in the related Loan Documents (and such Mortgaged
Property(ies) is, in fact, released), (ii) the remaining Mortgaged Property(ies) satisfy the requirements, if any, set forth in the related
Loan Documents and the related Mortgage Loan Seller provides an opinion of counsel to the effect that such release would not (A) cause
any Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail as a grantor trust or (B) result in the imposition
of a tax upon any Trust REMIC or the Trust and (iii) each Rating Agency has provided a Rating Agency Confirmation.

To the extent necessary and
appropriate, the Master Servicer or Special Servicer, as applicable, shall execute (pursuant to a limited power of attorney provided by
the Trustee that enables the Master Servicer or Special Servicer, as applicable, to execute) the modification of the Loan Documents that
complies with the applicable Mortgage Loan Purchase Agreement to remove the threat of impairment of the ability of the Mortgage Loan Seller
or the Trust Fund to exercise its remedies with respect to the Primary Collateral securing the Mortgage Loan(s) held by such party resulting
from the exercise of remedies by the other such party; provided that the Trustee shall not be liable for any misuse of any such
power of attorney by the Master Servicer or Special Servicer, as applicable, or any of its agents or subcontractors. The Master Servicer
shall advance all costs and expenses incurred by the Trustee, the Special Servicer and the Master Servicer with respect to any Cross-Collateralized
Group pursuant to this paragraph and the first, second and third preceding paragraphs, and such advances and interest thereon shall (i) constitute
and be reimbursable as Property Advances and (ii) be included in the calculation of Purchase Price for the Affected Loan(s) to be repurchased
or replaced. Neither the Master Servicer nor the Special Servicer shall be liable to any Certificateholder, the Uncertificated VRR Interest
Owner, any related Loan-Specific Certificateholder or any other party hereto if a modification of the Loan Documents described above cannot
be effected for any reason beyond the control of the Master Servicer or the Special Servicer or should not be effected as determined by
the Master Servicer or Special Servicer, as applicable, in accordance with the Servicing Standard.

If the Master Servicer, the
Special Servicer or the Depositor receives a Repurchase Communication of a withdrawal of a Repurchase Request of which notice has been
previously received or given and which withdrawal is by the Person making such Repurchase Request (a “Repurchase Request Withdrawal”),
such party shall give written notice of such Repurchase Request Withdrawal to the applicable Mortgage Loan Seller, the other parties hereto,
the Controlling Class Representative (prior to the occurrence and continuance of a Consultation Termination Event), any Serviced
Companion Loan Holder (if applicable) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13
of this Agreement, the Rule 17g-5 Information Provider (to the extent notice has not previously been delivered to such

    	 	- 181 -	 

     

    

Persons pursuant to this sentence). If the
Master Servicer or the Special Servicer receives a Repurchase Communication that any Mortgage Loan or Trust Subordinate Companion Loan
that was subject of a Repurchase Request has been repurchased or replaced (a “Repurchase”), or that such Repurchase
Request has been rejected (a “Repurchase Request Rejection”), then the Master Servicer or the Special Servicer, as
applicable, shall (in accordance with the following paragraph) give written notice of such Repurchase or Repurchase Request Rejection
to the other such party, the Depositor, the applicable Mortgage Loan Seller (unless it is the entity that has repurchased or replaced
the subject Mortgage Loan or Trust Subordinate Companion Loan or rejected such Repurchase Request), and the Certificate Administrator
(in each case unless the proposed recipient is the party that notified the Master Servicer or the Special Servicer, as applicable, thereof).

Each notice of a Repurchase
Request, Repurchase Request Withdrawal, Repurchase or Repurchase Request Rejection required to be given by a party pursuant to this Section 2.03(a)
(each, a “Rule 15Ga-1 Notice”) shall be given no later than ten (10) Business Days after receipt of a
Repurchase Communication of such Repurchase Request, Repurchase Request Withdrawal, Repurchase or Repurchase Request Rejection, as applicable,
and shall include (i) the identity of the related Mortgage Loan or Trust Subordinate Companion Loan and the Person making the Repurchase
Request, (ii) the date that the Repurchase Communication regarding the Repurchase Request, Repurchase Request Withdrawal, Repurchase
or Repurchase Request Rejection was received, as applicable, (iii) if known, the basis for the Repurchase Request (as asserted in
the Repurchase Request) and (iv) in the case of Rule 15Ga-1 Notices provided by the Special Servicer with respect to a Repurchase
Request, a statement as to whether the Special Servicer currently plans to pursue such Repurchase Request.

If the Trustee, the Master
Servicer, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer or the Custodian receives a Repurchase
Communication of a Repurchase Request, a Repurchase Request Withdrawal, a Repurchase or a Repurchase Request Rejection, then such party
shall promptly forward such Repurchase Communication of such Repurchase Request, Repurchase Request Withdrawal, Repurchase or Repurchase
Request Rejection to the Special Servicer and, prior to the occurrence and continuance of a Consultation Termination Event, the Controlling
Class Representative, and include the following statement in the related correspondence: “This is a Repurchase Communication
regarding [a “Repurchase Request”] [a “Repurchase Request Withdrawal”] [a “Repurchase”] [a “Repurchase
Request Rejection”] under Section 2.03(a) of the Pooling and Servicing Agreement relating to the Citigroup Commercial Mortgage
Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48, requiring action by you as the recipient of such
[Repurchase Request] [Repurchase Request Withdrawal] [Repurchase] [Repurchase Request Rejection] thereunder”. Upon receipt of any
Repurchase Communication of a Repurchase Request, Repurchase Request Withdrawal, Repurchase or Repurchase Request Rejection by the Special
Servicer pursuant to the foregoing provisions of this paragraph, the Special Servicer shall be deemed to be the recipient of such Repurchase
Communication of such Repurchase Request, Repurchase Request Withdrawal, Repurchase or Repurchase Request Rejection, and the Special Servicer
shall comply with the notice procedures set forth in the preceding paragraphs of this Section 2.03(a) with respect to such
Repurchase Communication of such Repurchase Request, Repurchase Request Withdrawal, Repurchase or Repurchase Request Rejection.

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No Person that is required
to provide a Rule 15Ga-1 Notice pursuant to this Section 2.03(a) (a “Rule 15Ga-1 Notice Provider”)
shall be required to provide any information in a Rule 15Ga-1 Notice protected by the attorney-client privilege or attorney
work product doctrines. Each Mortgage Loan Purchase Agreement will provide that (i) any Rule 15Ga-1 Notice provided pursuant
to this Section 2.03(a) is so provided only to assist the related Mortgage Loan Seller, the Depositor and their respective
Affiliates to comply with Rule 15Ga-1, Items 1104 and 1121 of Regulation AB and any other requirement of law or regulation and
(ii)(A) no action taken by, or inaction of, a Rule 15Ga-1 Notice Provider and (B) no information provided pursuant
to this Section 2.03(a) by a Rule 15Ga-1 Notice Provider in a Rule 15Ga-1 Notice shall be deemed to constitute
a waiver or defense to the exercise of any legal right the Rule 15Ga-1 Notice Provider may have with respect to the related Mortgage
Loan Purchase Agreement, including with respect to any Repurchase Request that is the subject of a Rule 15Ga-1 Notice.

On or before the Closing
Date, the Depositor shall deliver to the Master Servicer a copy of each Mortgage Loan Purchase Agreement, which the Master Servicer shall
provide to each Sub-Servicer.

(b)              
Subject to the applicable Mortgage Loan Seller’s right to cure as contemplated in this Section 2.03, and further subject
to Section 2.01(b) and Section 2.01(c) of this Agreement, failure of such Mortgage Loan Seller to deliver the
documents referred to in clauses (1), (2), (7), (8) and (18) in the definition of “Mortgage File” in accordance with
this Agreement and the applicable Mortgage Loan Purchase Agreement for any Mortgage Loan or Trust Subordinate Companion Loan shall be
deemed a Material Document Defect; provided, however, that no Document Defect (except a deemed Material Document Defect
described above) shall be considered to be a Material Document Defect unless the document with respect to which the Document Defect exists
is required in connection with an imminent enforcement of the lender’s rights or remedies under the related Mortgage Loan or Trust
Subordinate Companion Loan, defending any claim asserted by any Mortgagor or third party with respect to the related Mortgage Loan or
Trust Subordinate Companion Loan, establishing the validity or priority of any lien on any collateral securing the related Mortgage Loan
or Trust Subordinate Companion Loan or for any immediate significant servicing obligation.

Notwithstanding any provision
of this Agreement, if a Mortgage Loan or Trust Subordinate Companion Loan is not secured by a Mortgaged Property that is, in whole or
in part, a hotel, restaurant (operated by a Mortgagor), healthcare facility, nursing home, assisted living facility, self-storage
facility, theater or fitness center (operated by a Mortgagor), then the failure to deliver copies of the UCC financing statements with
respect to such Mortgage Loan or Trust Subordinate Companion Loan shall not be a Material Defect.

(c)              
In connection with any repurchase of, or substitution of a Qualified Substitute Mortgage Loan for, a Mortgage Loan or Trust Subordinate
Companion Loan pursuant to this Section 2.03, the Trustee, the Certificate Administrator, the Custodian, the Master Servicer
and the Special Servicer shall each tender to the applicable repurchasing entity, upon delivery to each of them of a receipt executed
by the applicable repurchasing entity evidencing such repurchase or substitution, all portions of the Mortgage File and other documents
(including, without limitation, the Servicing File), and all Escrow

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Payments and reserve funds, pertaining
to such Mortgage Loan or Trust Subordinate Companion Loan possessed by it, and each document that constitutes a part of the Mortgage File
shall be endorsed or assigned to the extent necessary or appropriate to the applicable Mortgage Loan Seller or its designee in the same
manner, but only if the respective documents have been previously assigned or endorsed to the Trustee, and pursuant to appropriate forms
of assignment, substantially similar to the manner and forms pursuant to which such documents were previously assigned to the Trustee
or as otherwise reasonably requested to effect the retransfer and reconveyance of the Mortgage Loan or Trust Subordinate Companion Loan
and the security thereof to the Mortgage Loan Seller or its designee; provided that such tender by the Trustee, the Certificate
Administrator and/or and the Custodian shall be conditioned upon its receipt from the Master Servicer of a Request for Release and an
Officer’s Certificate to the effect that the requirements for repurchase or substitution have been satisfied. The Master Servicer
shall, and is hereby authorized and empowered by the Trustee to, prepare, execute and deliver in its own name, on behalf of the Certificateholders,
the Uncertificated VRR Interest Owner, any related Loan-Specific Certificateholder and the Trustee or any of them, the endorsements and
assignments contemplated by this Section 2.03(c), and such other instruments as may be necessary or appropriate to transfer
title to an REO Property (including with respect to an Outside Serviced Mortgage Loan) in connection with the repurchase of, or substitution
for, an REO Trust Loan and the Trustee shall execute and deliver any powers of attorney necessary to permit the Master Servicer to do
so; provided, however, that the Trustee shall not be held liable for any misuse of any such power of attorney by the Master
Servicer or any of its agents or subcontractors. The parties to this Agreement acknowledge that the related Mortgage Loan Purchase Agreement
provides that in the event a Qualified Substitute Mortgage Loan is substituted for a Defective Mortgage Loan by the related Mortgage Loan
Seller as contemplated by this Section 2.03, the related Mortgage Loan Seller will be required to deliver to the Custodian
the related Mortgage File and to the Master Servicer all Escrow Payments and reserve funds pertaining to such Qualified Substitute Mortgage
Loan possessed by it and a certification to the effect that such Qualified Substitute Mortgage Loan satisfies all of the requirements
of the definition of “Qualified Substitute Mortgage Loan” in this Agreement.

The parties to this Agreement
acknowledge that the related Mortgage Loan Purchase Agreement provides that if any Mortgage Loan is to be repurchased or replaced as contemplated
by this Section 2.03, the related Mortgage Loan Seller will be required to amend the Mortgage Loan Schedule (as such term
is defined in the related Mortgage Loan Purchase Agreement) to reflect the removal of any deleted Mortgage Loan and, if applicable, the
substitution of the related Qualified Substitute Mortgage Loan(s) and deliver or cause the delivery of such amended Mortgage Loan Schedule
(as such term is defined in the related Mortgage Loan Purchase Agreement) to the parties to this Agreement. Upon any substitution of a
Qualified Substitute Mortgage Loan for a deleted Mortgage Loan, such Qualified Substitute Mortgage Loan shall become part of the Trust
Fund and be subject to the terms of this Agreement in all respects.

(d)             
The related Mortgage Loan Purchase Agreement provides the sole remedies available to the Certificateholders, the Uncertificated
VRR Interest Owner, any related Loan-Specific Certificateholders or the Trustee on behalf of the Certificateholders, the Uncertificated
VRR Interest Owner and any related Loan-Specific Certificateholders,

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respecting any Document Defect or Breach
with respect to any Mortgage Loan or Trust Subordinate Companion Loan.

(e)              
The parties to this Agreement acknowledge, with respect to each Outside Serviced Mortgage Loan, that the related Mortgage Loan
Purchase Agreement provides that if a “material document defect” (as such term or any analogous term is defined in the related
Outside Servicing Agreement) exists under the related Outside Servicing Agreement with respect to the related Pari Passu Companion Loan
that is included in the Outside Securitization Trust established under the related Outside Servicing Agreement, and such Pari Passu Companion
Loan is repurchased by or on behalf of the related Mortgage Loan Seller (or other responsible repurchasing entity) from such Outside Securitization
Trust as a result of such “material document defect” (as such term or any analogous term is defined in such Outside Servicing
Agreement), then the related Mortgage Loan Seller will be required to repurchase such Outside Serviced Mortgage Loan; provided, however,
that such repurchase obligation does not apply to any “material document defect” (as such term or any analogous term is defined
in the related Outside Servicing Agreement) related solely to the promissory note for the subject Pari Passu Companion Loan.

(f)               
(i)                    In the event an Initial Requesting Certificateholder delivers a written request to a party to this Agreement that a Mortgage
Loan or Trust Subordinate Companion Loan be repurchased by the applicable Mortgage Loan Seller alleging the existence of a Material Defect
with respect to such Mortgage Loan or Trust Subordinate Companion Loan and setting forth the basis for such allegation (a “Certificateholder
Repurchase Request”), such party shall promptly forward that Certificateholder Repurchase Request to the Enforcing Servicer,
and the Enforcing Servicer shall promptly forward that Certificateholder Repurchase Request to the applicable Mortgage Loan Seller and
each other party to this Agreement.

(ii)       
In the event that any of the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or
the Operating Advisor (solely in its capacity as operating advisor) determines that a Mortgage Loan or Trust Subordinate Companion Loan
should be repurchased or replaced due to a Material Defect, or has knowledge of a Material Defect with respect to a Mortgage Loan or Trust
Subordinate Companion Loan, then such party shall deliver prompt written notice of such Material Defect to the Enforcing Servicer identifying
the applicable Mortgage Loan or Trust Subordinate Companion Loan and setting forth the basis for such allegation (a “PSA Party
Repurchase Request”). Notwithstanding anything to the contrary in the first sentence of this clause (ii) or any other provision
of this Agreement, the Trustee may, but is not obligated to, make a determination that a Mortgage Loan or Trust Subordinate Companion
Loan should be repurchased or replaced due to a Material Defect. The Enforcing Servicer shall promptly forward such PSA Party Repurchase
Request to the applicable Mortgage Loan Seller and each other party to this Agreement. Subject to subsections (g), (h),
(i), (j) and (k) of this Section 2.03, the Enforcing Servicer shall act as the Enforcing Party and enforce
the rights of the Trust against the related Mortgage Loan Seller with respect to each Repurchase Request. The Enforcing

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Servicer shall enforce the obligations
of the Mortgage Loan Sellers under the Mortgage Loan Purchase Agreements (including, without limitation, obligations resulting from a
Material Defect) pursuant to the terms of this Agreement and the Mortgage Loan Purchase Agreements. Subject to the provisions of the applicable
Mortgage Loan Purchase Agreement and this Agreement, such enforcement, including, without limitation, the legal prosecution of claims,
if any, shall be carried out in such form, to such extent and at such time as the Enforcing Servicer would require were it, in its individual
capacity, the owner of the affected Mortgage Loan or Trust Subordinate Companion Loan, and in accordance with the Servicing Standard.
Any costs incurred by the Enforcing Servicer with respect to the enforcement of the obligations of a Mortgage Loan Seller under the applicable
Mortgage Loan Purchase Agreement shall be deemed to be Property Advances, to the extent not recovered from the Mortgage Loan Seller or
the applicable Requesting Certificateholder and/or Consultation Requesting Certificateholder.

(iii)      
In the event a Repurchase Request with respect to a Mortgage Loan is not Resolved within 180 days after the Mortgage Loan
Seller receives the Repurchase Request (a “Resolution Failure”), then the provisions described in Section 2.03(g)
below shall apply with respect to such Mortgage Loan (but shall not apply to any Trust Subordinate Companion Loan). Receipt of
the Repurchase Request shall be deemed to occur two (2) Business Days after the Repurchase Request is sent to the related Mortgage
Loan Seller in a commercially reasonable manner. The fact that a Repurchase Request has been Resolved pursuant to clause (vi) of
the definition of “Resolved” shall not preclude the Enforcing Servicer from exercising any of its rights related to a Material
Defect in the manner and timing otherwise set forth in this Agreement, in the related Mortgage Loan Purchase Agreement or as provided
by law. The provisions of subsections (g), (h) and (i) of this Section 2.03 apply solely to Repurchase Requests with respect to
a Mortgage Loan (but not with respect to any Trust Subordinate Companion Loan), and any Certificateholder or Certificate Owner rights
under such subsections may only be exercised by a Certificateholder or a Certificate Owner of a Certificate.

(g)              
(i)                After a Resolution Failure occurs with respect to a Repurchase Request regarding a Mortgage Loan (whether the Repurchase
Request was initiated by an Initial Requesting Certificateholder or by a party to this Agreement), the Enforcing Servicer shall send a
notice (a “Proposed Course of Action Notice”) to the Initial Requesting Certificateholder, if any, to the address specified
in the Initial Requesting Certificateholder’s Repurchase Request, and to the Certificate Administrator who shall make such notice
available to all other Certificateholders and Certificate Owners of Certificates and the Uncertificated VRR Interest Owner by posting
such notice on the Certificate Administrator’s Website indicating the Enforcing Servicer’s intended course of action with
respect to the Repurchase Request. If (a) the Enforcing Servicer’s intended course of action with respect to the Repurchase
Request does not involve pursuing further action to exercise rights against the applicable Mortgage Loan Seller with respect to the Repurchase
Request, or (b) the Enforcing Servicer’s intended course of action is to pursue further action to exercise rights against the
related Mortgage Loan Seller with respect to the Repurchase Request but a Requesting Certificateholder does not agree with the course

    	 	- 186 -	 

     

    

of action selected by the Enforcing Servicer
and, in the case of clause (a) or (b), a Requesting Certificateholder wishes to exercise its right to refer the matter to mediation
(including non-binding arbitration) or arbitration, if any, then a Requesting Certificateholder may deliver to the Enforcing Servicer
a written notice (a “Preliminary Dispute Resolution Election Notice”) within 30 days from the date the Proposed
Course of Action Notice was posted on the Certificate Administrator’s Website (the 30th day following the date of posting, the “Dispute
Resolution Cut-off Date”) indicating its intent to exercise its right to refer the matter to either mediation (including
non-binding arbitration) or arbitration. In addition, any Certificateholder or Certificate Owner of a Certificate may deliver, prior
to the Dispute Resolution Cut-off Date, a written notice (a “Consultation Election Notice”) requesting the right
to participate in any Dispute Resolution Consultation (as defined in clause (iii) below) that is conducted by the Enforcing Servicer
following the Enforcing Servicer’s receipt of a Preliminary Dispute Resolution Election Notice as provided in clause (iii)
below.

(ii)       
If no Requesting Certificateholder delivers a Preliminary Dispute Resolution Election Notice prior to the Dispute Resolution Cut-off
Date, then no Certificateholder or Certificate Owner of a Certificate or Uncertificated VRR Interest Owner shall have the right to refer
the Repurchase Request to mediation or arbitration, and the Enforcing Servicer shall be the sole party obligated and entitled to determine
a course of action, including, but not limited to, enforcing the Trust’s rights against the related Mortgage Loan Seller, subject
to any consent or consultation rights of the Controlling Class Representative if and for as long as it is the applicable Directing
Holder or applicable Consulting Party.

(iii)      
Promptly and in any event within ten (10) Business Days following receipt of a Preliminary Dispute Resolution Election Notice
from a Requesting Certificateholder, the Enforcing Servicer shall consult with each Requesting Certificateholder regarding such Requesting
Certificateholder’s intention to elect either mediation (including non-binding arbitration) or arbitration as the dispute resolution
method with respect to the Repurchase Request, and with any Consultation Requesting Certificateholder (the “Dispute Resolution
Consultation”) so that each such Dispute Resolution Requesting Holder may consider the views of the Enforcing Servicer as to
the claims underlying the Repurchase Request and possible dispute resolution methods, such discussions to occur and be completed no later
than ten (10) Business Days following the Dispute Resolution Cut-off Date. The Enforcing Servicer shall be entitled to establish
procedures the Enforcing Servicer deems to be in accordance with the Servicing Standard relating to the timing and extent of such consultations.
No later than five (5) Business Days after completion of the Dispute Resolution Consultation, a Dispute Resolution Requesting Holder
may provide a final notice to the Enforcing Servicer indicating its decision to exercise its right to refer the matter to either mediation
or arbitration (“Final Dispute Resolution Election Notice”).

(iv)      
If, following the Dispute Resolution Consultation, no Dispute Resolution Requesting Holder timely delivers a Final Dispute Resolution
Election Notice to the Enforcing Servicer, then no Certificateholder or Certificate Owner of

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a Certificate or Uncertificated VRR Interest
Owner shall have any further right to refer the Repurchase Request to mediation or arbitration, and the Enforcing Servicer shall be the
sole party obligated and entitled to determine a course of action including, but not limited to, enforcing the Trust’s rights against
the related Mortgage Loan Seller, subject to any consent or consultation rights of the applicable Directing Holder.

(v)            If a Dispute Resolution Requesting Holder timely delivers a Final Dispute Resolution Election Notice to the Enforcing Servicer,
then such Dispute Resolution Requesting Holder shall become the Enforcing Party and must promptly submit the matter to mediation (including
non-binding arbitration) or arbitration. If more than one Dispute Resolution Requesting Holder timely delivers a Final Dispute Resolution
Election Notice, then such Dispute Resolution Requesting Holders shall collectively become the Enforcing Party, and the holder or holders
of a majority of the Voting Rights among such Dispute Resolution Requesting Holder shall be entitled to make all decisions relating to
such mediation or arbitration (including whether to refer the matter to mediation (including non-binding arbitration) or arbitration).
If, however, no Dispute Resolution Requesting Holder commences arbitration or mediation pursuant to the terms of this Agreement within
thirty (30) days after delivery of its Final Dispute Resolution Election Notice to the Enforcing Servicer, then (i) the rights
of any Dispute Resolution Requesting Holder to act as the Enforcing Party shall terminate and no Certificateholder or Certificate Owner
of a Certificate or Uncertificated VRR Interest Owner shall have any further right to elect to refer the matter to mediation or arbitration,
(ii) if the Proposed Course of Action Notice indicated that the Enforcing Servicer will take no further action with respect to the
Repurchase Request, then the related Material Defect shall be deemed waived for all purposes under this Agreement and the related Mortgage
Loan Purchase Agreement, provided, however, that such Material Defect will not be deemed waived with respect to the Enforcing Servicer
to the extent there is a material change from the facts and circumstances known to it at the time when the Proposed Course of Action Notice
was delivered by the Enforcing Servicer, and (iii) if the Proposed Course of Action Notice had indicated a course of action other
than the course of action under clause (ii), then the Enforcing Servicer shall be the sole party obligated and entitled to determine
a course of action including, but not limited to, enforcing the Trust’s rights against the related Mortgage Loan Seller.

(vi)     
Notwithstanding the foregoing, the dispute resolution provisions described above under this Section 2.03(g) shall not
apply, and the Enforcing Servicer shall be the sole party entitled to enforce the Trust’s rights against the related Mortgage Loan
Seller, if the Enforcing Servicer has commenced litigation with respect to the Repurchase Request, or determines in accordance with the
Servicing Standard that it is in the best interest of Certificateholders and the Uncertificated VRR Interest Owner to commence litigation
with respect to the Repurchase Request to avoid the running of any applicable statute of limitations.

(vii)   
In the event a Dispute Resolution Requesting Holder becomes the Enforcing Party, the Enforcing Servicer, on behalf of the Trust,
shall remain a party

    	 	- 188 -	 

     

    

to any proceedings against the related
Mortgage Loan Seller as further described herein.

(viii)  
For the avoidance of doubt, none of the Depositor, any Mortgage Loan Seller or any of their respective affiliates shall be entitled
to be a Dispute Resolution Requesting Holder or otherwise vote Certificates owned by it or such Affiliate(s) with respect to a course
of action proposed or undertaken pursuant to the procedures described in this Section 2.03.

(ix)    
The Dispute Resolution Requesting Holders are entitled to elect either mediation or arbitration with respect to a Repurchase Request
in their sole discretion; provided, however, no Dispute Resolution Requesting Holder shall be entitled to then utilize the alternative
method in the event that the initial method is unsuccessful, and no other Certificateholder or Certificate Owner of a Certificate or
Uncertificated VRR Interest Owner shall be entitled to elect either arbitration or mediation in the event a mediation or arbitration
is undertaken with respect to such Repurchase Request.

(h)              
If the Enforcing Party selects mediation (including non-binding arbitration), the following provisions shall apply:

(i)        
The mediation shall be administered by a nationally recognized mediation organization selected by the applicable Mortgage Loan
Seller within 30 days of receipt of written notice of the Enforcing Party’s selection of mediation (such provider, the “Mediation
Services Provider”) in accordance with published mediation procedures (the “Mediation Rules”) promulgated
by the Mediation Services Provider.

(ii)       
The mediator shall be impartial, an attorney admitted to practice in the State of New York and have at least fifteen (15) years
of experience in commercial litigation, and if possible, commercial real estate finance or commercial mortgage-backed securitization
matters and who will be appointed from a list of neutrals maintained by the Mediation Services Provider. Upon being supplied a list of
at least ten potential qualified mediators by the Mediation Services Provider each party will have the right to exercise two peremptory
challenges within fourteen (14) days and to rank the remaining potential mediators in order of preference. The Mediation Services
Provider shall select the mediator from the remaining attorneys on the list respecting the preference choices of the parties to the extent
possible.

(iii)      
Prior to accepting an appointment, the mediator must promptly disclose any circumstances likely to create a reasonable inference
of bias or conflict of interest or likely to preclude completion of the hearings within the prescribed time schedule.

    	 	- 189 -	 

     

    

(iv)             The
parties shall use commercially reasonable efforts to conduct an organizational conference to begin the mediation within 10 Business Days
of the selection of the mediator and to conclude the mediation within 60 days thereafter.

(v)     
The expenses of any mediation shall be allocated among the parties to the mediation including, if applicable, between the Enforcing
Party and the Enforcing Servicer, as mutually agreed by the parties as part of the mediation (any such expenses allocated to the Enforcing
Servicer shall be reimbursed as provided in clause (vi) below).

(vi)     
Out-of-pocket costs and expenses of the Enforcing Servicer for mediation or arbitration, to the extent not agreed to be
paid by the Enforcing Party or another party (in the case of mediation) or allocated to the Enforcing Party or another party (in the
case of arbitration), shall be reimbursable as expenses of the Trust Fund payable out of the Collection Account pursuant to Section 3.06(a)
of this Agreement.

(i)                
If the Enforcing Party selects third-party arbitration, the following provisions will apply:

(i)       
The arbitration shall be administered by a nationally recognized arbitration organization selected by the related Mortgage Loan
Seller within 30 days of receipt of written notice of the Enforcing Party’s selection of third-party arbitration (such
provider, the “Arbitration Services Provider”) in accordance with published arbitration procedures (the “Arbitration
Rules”) promulgated by the Arbitration Services Provider.

(ii)       
The arbitrator shall be impartial, an attorney admitted to practice in the State of New York and have at least 15 years of experience
in commercial litigation, and if possible, commercial real estate finance or commercial mortgage-backed securitization matters and
who will be appointed from a list of neutrals maintained by the Arbitration Services Provider. Upon being supplied a list of at least
ten potential arbitrators by the Arbitration Services Provider each party will have the right to exercise two peremptory challenges within
14 days and to rank the remaining potential arbitrators in order of preference. The Arbitration Services Provider will select
the arbitrator from the remaining attorneys on the list respecting the preference choices of the parties to the extent possible.

(iii)      
Prior to accepting an appointment, the arbitrator must promptly disclose any circumstances likely to create a reasonable inference
of bias or conflict of interest or likely to preclude completion of the hearings within the prescribed time schedule.

(iv)    
After consulting with the parties at an organizational conference held not later than 10 Business Days after its appointment,
the arbitrator shall devise procedures and deadlines for the arbitration, to the extent not already agreed to by the parties, with the
goal of expediting the proceeding and completing the

    	 	- 190 -	 

     

    

arbitration within 120 days. The arbitrator
shall have the authority to schedule, hear, and determine any and all motions, including dispositive and discovery motions, in accordance
with the Federal Rules of Civil Procedure for non-jury matters (the “Rules”) (including summary judgment and other
prehearing and post hearing motions), and will do so by reasoned decision on the motion of any party to the arbitration.

(v)     
Notwithstanding whatever other discovery may be available under the Rules, unless otherwise agreed by the parties, each party
to the arbitration will be presumptively limited to the following discovery in the arbitration: (A) the parties shall reasonably
and in good faith voluntarily produce to all other parties all documents upon which they intend to rely and all documents they reasonably
and in good faith believe to be relevant to the claims or defenses asserted by any of the parties, (B) party witness depositions
(excluding Rule 30b-6 witnesses), and (C) expert witness depositions, provided that the arbitrator shall have
the ability to grant the parties, or either of them, additional discovery to the extent that the arbitrator determines good cause is
shown that such additional discovery is reasonable and necessary.

(vi)     
The arbitrator shall make its final determination no later than 30 days after the conclusion of the hearings and submission
of any post-hearing submissions. The arbitrator shall resolve the dispute in accordance with the terms of the related Mortgage Loan
Purchase Agreement and this Agreement, and may not modify or change those agreements in any way or award remedies not consistent with
those agreements. The arbitrator will not have the power to award punitive damages or consequential damages in any arbitration conducted
by them. Interest on any monetary award shall bear interest from the date of the Final Dispute Resolution Election Notice at the Prime
Rate. In its final determination, the arbitrator shall determine and award the costs of the arbitration (including the fees of the arbitrator,
cost of any record or transcript of the arbitration, and administrative fees) and shall award reasonable attorneys’ fees to the
parties to the arbitration as determined by the arbitrator in its reasonable discretion. The determination of the arbitrator shall be
by a reasoned decision in writing and counterpart copies will be promptly delivered to the parties. The final determination of the arbitrator
shall be final and non-appealable, except for actions to confirm or vacate the determination permitted under federal or state law,
and may be enforced in any court of competent jurisdiction.

(vii)    
By selecting arbitration, the Enforcing Party is waiving its right to sue in court, including the right to a trial by jury.

(viii)  
No person may bring a putative or certified class action to arbitration.

(j)                
The following provisions will apply to both mediation and third-party arbitration:

    	 	- 191 -	 

     

    

(i)        
 Any mediation or arbitration will be held in New York, New York unless another location is agreed by all parties;

(ii)      
If the dispute involves a matter that cannot effectively be remedied by the payment of damages, or if there be any dispute relating
to arbitration or the arbitrators that cannot be resolved promptly by the arbitrators or the Arbitration Services Provider, then any
party in such instance may during the pendency of the arbitration proceedings seek temporary equitable remedies, pending the final decision
of the arbitration panel, solely by application in the Southern District of New York if such court shall have subject matter jurisdiction,
or if the Southern District of New York has no jurisdiction, then the Supreme Court of the State of New York for the County of New York.
The arbitration proceedings shall not be stayed unless so ordered by the court.

(iii)     
The details and/or existence of any Repurchase Request, any informal meetings, mediations or arbitration proceedings conducted
under this Section 2.03, including all offers, promises, conduct and statements, whether oral or written, made in the course
of the parties’ attempt to informally resolve any Repurchase Request, will be confidential, privileged and inadmissible for any
purpose, including impeachment, in any mediation, arbitration or litigation, or other proceeding (including any proceeding under this
Section 2.03). Such information will be kept strictly confidential and shall not be disclosed or shared with any third
party (other than a party’s attorneys, experts, accountants and other agents and representatives, as reasonably required in connection
with any resolution procedure under this Section 2.03), except as otherwise required by law, regulatory requirement or
court order. If any party to a resolution procedure receives a subpoena or other request for information from a third party (other than
a governmental regulatory body) for such confidential information, the recipient shall promptly notify the other party to the resolution
procedure and shall provide the other party with a reasonable opportunity to object to the production of its confidential information.

(iv)      
In the event a Dispute Resolution Requesting Holder is the Enforcing Party, the agreement with the arbitrator or mediator, as
the case may be, shall be required to contain an acknowledgment that the Trust, or the Enforcing Servicer on its behalf, shall be a party
to any arbitration or mediation proceedings solely for the purpose of being the beneficiary of any award in favor of the Enforcing Party;
provided that the degree and extent to which the Enforcing Servicer actively prepares for and participates in such proceeding
shall be determined by such Enforcing Servicer in consultation with the Controlling Class Representative (provided that no Consultation
Termination Event has occurred and is continuing and only if an Excluded Mortgage Loan is not involved), and in accordance with the Servicing
Standard. All amounts recovered by the Enforcing Party shall be paid to the Trust, or the Enforcing Servicer on its behalf, and deposited
in the Collection Account. The agreement with the arbitrator or mediator, as the case may be, shall provide that in the event a Dispute
Resolution Requesting Holder is allocated any related costs and expenses pursuant to the terms of the arbitrator’s decision or
the

    	 	- 192 -	 

     

    

agreement reached in mediation, neither
the Trust nor the Enforcing Servicer acting on its behalf shall be responsible for any such costs and expenses allocated to the Dispute
Resolution Requesting Holder.

(v)              
In the event a Dispute Resolution Requesting Holder is the Enforcing Party, the Dispute Resolution Requesting Holder shall be required
to pay any expenses allocated to the Enforcing Party in the arbitration proceedings or any expenses that the Enforcing Party agrees to
bear in the mediation proceedings.

(vi)            
The Trust (or the Enforcing Servicer or a trustee, acting on its behalf), the Depositor or any Mortgage Loan Seller shall be permitted
to redact any personally identifiable customer information included in any information provided for purposes of any mediation or arbitration.
Each party to the proceedings shall be required to agree to keep confidential the details related to the Repurchase Request and the dispute
resolution identified in connection with such procedures; provided, however, that (1) the Certificateholders and Certificate
Owners shall be permitted to communicate prior to the commencement of any such proceedings to the extent provided in Section 5.07,
(2) to the extent that the Enforcing Servicer is required under Section 2.03(a) to provide any Rule 15Ga-1 Notice
in connection with such Repurchase Request, the Enforcing Servicer shall be permitted to include in such Rule 15Ga-1 Notice the
information required pursuant to Section 2.03(a) and (3) the applicable Mortgage Loan Seller shall be permitted to disclose
information related to the Repurchase Request to the extent necessary to comply with its obligations under Rule 15Ga-1 or Item
1104 of Regulation AB.

(vii)         
For the avoidance of doubt, in no event shall the exercise of any right of a Dispute Resolution Requesting Holder to refer a Repurchase
Request to mediation or arbitration or to participate in such mediation or arbitration affect in any manner the ability of the Special
Servicer to perform its obligations with respect to a Specially Serviced Loan (including without limitation, a liquidation, foreclosure,
negotiation of a loan modification or workout, acceptance of a discounted pay off or deed-in-lieu, or bankruptcy or other litigation)
or the exercise of any rights of the Controlling Class Representative if and for as long as it is the applicable Directing Holder.

(viii)       
Any out-of-pocket expenses required to be borne by or allocated to the Enforcing Servicer in a mediation or arbitration
shall be reimbursable as expenses of the Trust Fund payable out of the Collection Account pursuant to Section 3.06(a) of this
Agreement.

Section 2.04          
Representations and Warranties of the Depositor.

(a)              
The Depositor hereby represents and warrants to the Trustee, for its own benefit and the benefit of the Certificateholders, the
Uncertificated VRR Interest Owner and the Serviced Companion Loan Holders, and to the Master Servicer, each Special Servicer, the Operating
Advisor, the Asset Representations Reviewer and the Certificate Administrator, as of the Closing Date, that:

    	 	- 193 -	 

     

    

(i)          
 The Depositor is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware,
and is duly qualified as a foreign corporation in good standing in all jurisdictions in which the ownership or lease of its property or
the conduct of its business requires such qualification (except where the failure to qualify would not have a materially adverse effect
on the consummation of any transactions contemplated by this Agreement); the Depositor has taken all necessary corporate action to authorize
the execution, delivery and performance of this Agreement by it, and has the power and authority to execute, deliver and perform this
Agreement and all the transactions contemplated hereby, including, but not limited to, the power and authority to sell, assign and transfer
the Mortgage Loans and Trust Subordinate Companion Loan in accordance with this Agreement; the Depositor has duly authorized the execution,
delivery and performance of this Agreement, and has duly executed and delivered this Agreement;

(ii)        
Assuming the due authorization, execution and delivery of this Agreement by each other party hereto, this Agreement and all of
the obligations of the Depositor hereunder are the legal, valid and binding obligations of the Depositor, enforceable against the Depositor
in accordance with the terms of this Agreement, except as such enforcement may be limited by bankruptcy, insolvency, reorganization or
other similar laws affecting the enforcement of creditors’ rights generally, and by general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity or at law) and, as to any rights of indemnification hereunder, by
considerations of public policy;

(iii)        
Neither the execution and delivery by the Depositor of this Agreement nor the compliance by the Depositor with the provisions
hereof, nor the consummation by the Depositor of the transactions contemplated by this Agreement, will (A) conflict with or result
in a breach of, or constitute a default under, the organizational documents of the Depositor or, after giving effect to the consents
or taking of the actions contemplated by clause (B) of this paragraph (iii), any of the provisions of any law, governmental
rule, regulation, judgment, decree or order binding on the Depositor or its properties, or any of the provisions of any indenture or
agreement or other instrument to which the Depositor is a party or by which it is bound or result in the creation or imposition of any
lien, charge or encumbrance upon any of its properties pursuant to the terms of any such indenture, agreement or other instrument or
(B) require any consent of, notice to, or filing with any person, entity or governmental body, which has not been obtained or
made by the Depositor, except where, in any of the instances contemplated by clause (A) above or this clause (B), the failure
to do so will not have a material and adverse effect on the consummation of any transactions contemplated by this Agreement;

(iv)       
There is no litigation, charge, investigation, action, suit or proceeding pending or, to the Depositor’s knowledge, threatened
against the Depositor in any court or by or before any other governmental agency or instrumentality the outcome of which could be reasonably
expected to materially and adversely affect the validity of the Mortgage Loans or the Trust Subordinate Companion Loan or the

    	 	- 194 -	 

     

    

ability of the Depositor to carry out the
transactions contemplated by this Agreement;

(v)         
The Depositor is not transferring the Mortgage Loans or the Trust Subordinate Companion Loan to the Trustee with any intent to
hinder, delay or defraud its present or future creditors;

(vi)   
   No proceedings looking toward merger, liquidation, dissolution or bankruptcy of the Depositor are pending or contemplated;

(vii)     
Immediately prior to the transfer of the Mortgage Loans and the Trust Subordinate Companion Loan to the Trustee for the benefit
of the Certificateholders and the Uncertificated VRR Interest Owner pursuant to this Agreement, the Depositor had such right, title and
interest in and to each Mortgage Loan and Trust Subordinate Companion Loan as was transferred to it by the related Mortgage Loan Seller
pursuant to the related Mortgage Loan Purchase Agreement;

(viii)     
The Depositor has not transferred any of its right, title and interest in and to the Mortgage Loans and Trust Subordinate Companion
Loan (as such was transferred to it by the Mortgage Loan Sellers pursuant to the Mortgage Loan Purchase Agreements) to any Person other
than the Trustee; and

(ix)        
The Depositor is transferring all of its right, title and interest in and to the Mortgage Loans and the Trust Subordinate Companion
Loan (as such was transferred to it by the Mortgage Loan Sellers pursuant to the Mortgage Loan Purchase Agreements) to the Trustee for
the benefit of the Certificateholders and the Uncertificated VRR Interest Owner free and clear of any and all liens, pledges, charges,
security interests and other encumbrances created by or through the Depositor.

(b)              
The representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement.
Upon discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder or any Serviced Companion Loan Holder) of a breach of any of
the representations and warranties set forth in this Section which materially and adversely affects the interests of any party to
this Agreement, the Certificateholders or any Serviced Companion Loan Holder or the interests of the Master Servicer, the Special Servicer
or the Trustee in any Trust Loan or Serviced Whole Loan, the party discovering such breach shall give prompt written notice to the other
parties hereto, each Certifying Certificateholder, the Serviced Companion Loan Holders and, prior to the occurrence and continuance of
a Consultation Termination Event, the Controlling Class Representative.

Section 2.05          
Representations, Warranties and Covenants of the Master Servicer.

(a)              
The Master Servicer hereby represents and warrants to, and covenants with, the Trustee, for its own benefit and the benefit of
the Certificateholder, the Uncertificated VRR Interest Owner and the Serviced Companion Loan Holders, and to and with the

    	 	- 195 -	 

     

    

Depositor, each Special Servicer, the
Operating Advisor, the Asset Representations Reviewer and the Certificate Administrator, as of the Closing Date, that:

(i)        
The Master Servicer is a national banking association, duly organized, validly existing and in good standing under the laws of
the United States of America, and the Master Servicer is in compliance with the laws of each jurisdiction in which a Mortgaged Property
is located to the extent necessary to perform its obligations under this Agreement;

(ii)       
The execution and delivery of this Agreement by the Master Servicer, and the performance and compliance with the terms of this
Agreement by the Master Servicer, do not violate the Master Servicer’s organizational documents or constitute a default (or an
event that, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement
or other material instrument to which it is a party or that is applicable to it or any of its assets, in each case, which does or is
likely to materially and adversely affect either the ability of the Master Servicer to perform its obligations under this Agreement or
the financial condition of the Master Servicer;

(iii)    
The Master Servicer has the full power and authority to enter into and consummate all transactions to be performed by it as contemplated
by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

(iv)     
This Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal
and binding obligation of the Master Servicer, enforceable against the Master Servicer in accordance with the terms hereof, subject to
(A) applicable bankruptcy, receivership, insolvency, liquidation, fraudulent transfer, reorganization, moratorium and other laws
affecting the enforcement of creditors’ (including bank creditors’) rights generally, (B) general principles of equity, regardless
of whether such enforcement is considered in a proceeding in equity or at law and (C) public policy considerations regarding the enforceability
of provisions providing or purporting to provide indemnification or contribution with respect to violations of securities laws;

(v)      
The Master Servicer is not in violation of, and its execution and delivery of this Agreement and its performance and compliance
with the terms of this Agreement do not constitute a violation of, any law, any order or decree of any court or arbiter, or any order,
regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in the Master Servicer’s
good faith and reasonable judgment, is likely to affect materially and adversely the ability of the Master Servicer to perform its obligations
under this Agreement or the financial condition of the Master Servicer;

(vi)    
No litigation is pending or, to the best of the Master Servicer’s knowledge, threatened against the Master Servicer that
would prohibit the Master Servicer from entering into this Agreement or, in the Master Servicer’s good faith

    	 	- 196 -	 

     

    

and reasonable judgment, is likely to materially
and adversely affect either the ability of the Master Servicer to perform its obligations under this Agreement or the financial condition
of the Master Servicer;

(vii)    
Each officer or employee of the Master Servicer that has responsibilities concerning the servicing and administration of Mortgage
Loans and the Serviced Companion Loans is covered by errors and omissions insurance in the amounts and with the coverage required by
Section 3.08(c) of this Agreement or the Master Servicer self-insures for such errors and omissions coverage in compliance
with the requirements of Section 3.08(c) of this Agreement; and

(viii)  
No consent, approval, authorization or order of, or filing or registration with, any state or federal court or governmental agency
or body is required for the consummation by the Master Servicer of the transactions contemplated by this Agreement, except for those
consents, approvals, authorizations and orders that previously have been obtained and those filings and registrations that previously
have been completed and except for consents, approvals, authorizations, orders, filings or registrations which are not required in order
for the Master Servicer to enter into this Agreement but may be required (and if so required, will be obtained) in connection with the
Master Servicer’s subsequent performance of this Agreement.

(b)              
The representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement.
Upon discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder) of a breach of any of the representations and warranties set forth in this Section which materially and adversely affects
the interests of any party to this Agreement, the Certificateholders, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder or the interests of the Master Servicer, the Special Servicer or the Trustee in any Trust Loan or Serviced Whole Loan, the
party discovering such breach shall give prompt written notice to the other parties hereto, each Certifying Certificateholder, the Uncertificated
VRR Interest Owner, the Serviced Companion Loan Holders and, prior to the occurrence and continuance of a Consultation Termination Event,
the Controlling Class Representative.

Section 2.06          
Representations, Warranties and Covenants of the Special Servicers.

(a)              
With respect to itself only, each Special Servicer hereby represents and warrants to, and covenants with, the Trustee, for its
own benefit and the benefit of the Certificateholders, the Uncertificated VRR Interest Owner and the Serviced Companion Loan Holders,
and to and with the Depositor, the Master Servicer, the Operating Advisor, the Asset Representations Reviewer and the Certificate Administrator,
as of the Closing Date, that:

(i)         
The Special Servicer is (A) in the case of Greystone Servicing Company LLC, a limited liability company, duly organized, validly
existing and in

    	 	- 197 -	 

     

    

good standing under the laws of the State
of Delaware and (B) in the case of Rialto Capital Advisors, LLC, a limited liability company, duly organized, validly existing and in
good standing under the laws of State of Delaware. The Special Servicer is in compliance with the laws of each jurisdiction in which a
Mortgaged Property is located to the extent necessary to perform its obligations under this Agreement;

(ii)      
The execution and delivery of this Agreement by the Special Servicer do not, and the performance and compliance with the terms
of this Agreement by the Special Servicer will not, (A) violate the Special Servicer’s organizational documents, articles of
incorporation, limited liability company operating agreement or by-laws, as applicable, or (B) constitute a default (or an event
that, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or
other material instrument to which it is a party or that is applicable to it or any of its assets, in each case, which does or is likely
to materially and adversely affect either the ability of the Special Servicer to perform its obligations under this Agreement or the financial
condition of the Special Servicer;

(iii)     
The Special Servicer has the full power and authority to enter into and consummate all transactions to be performed by it as contemplated
by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

(iv)     
This Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal
and binding obligation of the Special Servicer, enforceable against the Special Servicer in accordance with the terms hereof, subject
to (A) applicable bankruptcy, receivership, insolvency, liquidation, fraudulent transfer, reorganization, moratorium and other
laws affecting the enforcement of creditors’ (including bank creditors’) rights generally and (B) general principles
of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law;

(v)       
The Special Servicer is not in violation of, and its execution and delivery of this Agreement do not, and its performance and
compliance with the terms of this Agreement will not, constitute a violation of, any law, any order or decree of any court or arbiter,
or any order, regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in the Special
Servicer’s good faith and reasonable judgment, is likely to affect materially and adversely either the ability of the Special Servicer
to perform its obligations under this Agreement or the financial condition of the Special Servicer;

(vi)    
No litigation is pending or, to the best of the Special Servicer’s knowledge, threatened against the Special Servicer that
would prohibit the Special Servicer from entering into this Agreement or, in the Special Servicer’s good faith and reasonable judgment,
is likely to materially and adversely affect either the ability of the Special Servicer to perform its obligations under this Agreement
or the financial condition of the Special Servicer;

    	 	- 198 -	 

     

    

(vii)     
 Each officer or employee of the Special Servicer that has or, following a transfer of servicing responsibilities to the Special
Servicer pursuant to Section 3.22of this Agreement, would have, responsibilities concerning the servicing and administration
of Mortgage Loans and Serviced Companion Loans is covered by errors and omissions insurance in the amounts and with the coverage required
by Section 3.08(c) of this Agreement or the Special Servicer self-insures for such errors and omissions coverage in compliance
with the requirements of Section 3.08(c) of this Agreement; and

(viii)  
No consent, approval, authorization or order of, or filing or registration with, any state or federal court or governmental agency
or body is required for the consummation by the Special Servicer of the transactions contemplated by this Agreement, except for those
consents, approvals, authorizations and orders that previously have been obtained and those filings and registrations that previously
have been completed and except for consents, approvals, authorizations, orders, filings or registrations which are not required in order
for the Special Servicer to enter into this Agreement but may be required (and if so required, will be obtained) in connection with the
Special Servicer’s subsequent performance of this Agreement.

(b)              
The representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement.
Upon discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder) of a breach of any of the representations and warranties set forth in this Section which materially and adversely affects
the interests of any party to this Agreement, the Certificateholders, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder or the interests of the Master Servicer, the Special Servicer or the Trustee in any Trust Loan or Serviced Whole Loan, the
party discovering such breach shall give prompt written notice to the other parties hereto, each Certifying Certificateholder, the Uncertificated
VRR Interest Owner, the Serviced Companion Loan Holders and, prior to the occurrence and continuance of a Consultation Termination Event,
the Controlling Class Representative.

Section 2.07          
Representations and Warranties of the Trustee.

(a)              
The Trustee hereby represents and warrants for the benefit of the Certificateholders, the Uncertificated VRR Interest Owner and
the Serviced Companion Loan Holders, and to the Depositor, the Master Servicer, each Special Servicer, the Operating Advisor, the Asset
Representations Reviewer and the Certificate Administrator, as of the Closing Date, that:

(i)        
The Trustee is a national banking association, duly organized, validly existing and in good standing under the laws of the United
States of America; the Trustee possesses and shall continue to possess all requisite authority, power, licenses, permits, franchise and
approvals to conduct its business and to execute, deliver and comply with its obligations under this Agreement;

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(ii)      
 The execution and delivery of this Agreement by the Trustee and its performance and compliance with the terms of this Agreement
will not violate the Trustee’s articles of association or by-laws or shareholders’ resolutions or constitute a default
(or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material
contract, agreement or other instrument to which the Trustee is a party or which may be applicable to the Trustee or any of its assets;

(iii)      
Except to the extent that the laws of any jurisdiction in which a part of the Trust Fund may be located require that a co-trustee
or separate trustee be appointed to act with respect to such property as contemplated by Section 8.08 of this Agreement,
the Trustee has the full power and authority to enter into and consummate the transactions contemplated by this Agreement, has duly authorized
the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;

(iv)     
This Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid and binding
obligation of the Trustee, enforceable against it in accordance with the terms of this Agreement, except as such enforcement may be limited
by (A) bankruptcy, insolvency, conservatorship, reorganization, receivership, moratorium or other laws relating to or affecting
the rights of creditors generally, (B) general principles of equity (regardless of whether such enforcement is considered in a
proceeding in equity or at law) and (C) public policy considerations regarding the enforceability of provisions providing or purporting
to provide indemnification or contribution with respect to violations of securities laws;

(v)       
The Trustee is not in violation of, and the execution and delivery of this Agreement by the Trustee and its performance and compliance
with the terms of this Agreement will not constitute a violation with respect to, any order or decree of any court or any order, law
or regulation of any federal, state, municipal or governmental agency of or in the United States of America having jurisdiction, which
violation would have consequences that would materially and adversely affect the financial condition of the Trustee or might have consequences
that would materially affect the ability of the Trustee to perform its duties hereunder or thereunder;

(vi)      
No consent, approval, authorization or order of, or registration of filing with, or notice to any court, governmental or regulatory
agency or body, is required for the execution, delivery and performance by the Trustee of this Agreement or if required, such approval
has been obtained prior to the Closing Date; and

(vii)    
No litigation is pending or, to the best of the Trustee’s knowledge, threatened against the Trustee which would prohibit
its entering into or materially and adversely affect its ability to perform its obligations under this Agreement.

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(b)              
 The representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement.
Upon discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder) of a breach of any of the representations and warranties set forth in this Section which materially and adversely affects
the interests of any party to this Agreement, the Certificateholders, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder or the interests of the Master Servicer, the Special Servicer or the Trustee in any Trust Loan or Serviced Whole Loan, the
party discovering such breach shall give prompt written notice to the other parties hereto, each Certifying Certificateholder, the Uncertificated
VRR Interest Owner, the Serviced Companion Loan Holders and, prior to the occurrence and continuance of a Consultation Termination Event,
the Controlling Class Representative.

Section 2.08          
Representations and Warranties of the Certificate Administrator.

(a)              
The Certificate Administrator hereby represents and warrants to the Trustee, for its own benefit and for the benefit of the Certificateholders,
the Uncertificated VRR Interest Owner and the Serviced Companion Loan Holders, and to the Depositor, the Master Servicer, each Special
Servicer, the Asset Representations Reviewer and the Operating Advisor, as of the Closing Date, that:

(i)        
The Certificate Administrator is a national banking association, duly organized, validly existing and in good standing under the
laws of the United States of America; the Certificate Administrator possesses and shall continue to possess all requisite authority,
power, licenses, permits, franchise and approvals to conduct its business and to execute, deliver and comply with its obligations under
this Agreement;

(ii)      
The execution and delivery of this Agreement by the Certificate Administrator and its performance and compliance with the terms
of this Agreement will not violate the Certificate Administrator’s articles of association or by-laws or shareholders’
resolutions or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result
in the breach of, any material contract, agreement or other instrument to which the Certificate Administrator is a party or which may
be applicable to the Certificate Administrator or any of its assets;

(iii)      
The Certificate Administrator has the full power and authority to enter into and consummate the transactions contemplated by this
Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;

(iv)     
This Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid and binding
obligation of the Certificate Administrator, enforceable against it in accordance with the terms of this Agreement, except as such enforcement
may be limited by (A) bankruptcy,

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insolvency, conservatorship, reorganization,
receivership, moratorium or other laws relating to or affecting the rights of creditors generally (B) general principles of equity
(regardless of whether such enforcement is considered in a proceeding in equity or at law) and (C) public policy considerations regarding
the enforceability of provisions providing or purporting to provide indemnification or contribution with respect to violations of securities
laws;

(v)      
The Certificate Administrator is not in violation of, and the execution and delivery of this Agreement by the Certificate Administrator
and its performance and compliance with the terms of this Agreement will not constitute a violation with respect to, any order or decree
of any court or any order, law or regulation of any federal, state, municipal or governmental agency of or in the United States of America
having jurisdiction, which violation would have consequences that would materially and adversely affect the financial condition of the
Certificate Administrator or might have consequences that would materially affect the ability of the Certificate Administrator to perform
its duties hereunder or thereunder;

(vi)     
No consent, approval, authorization or order of, or registration of filing with, or notice to any court, governmental or regulatory
agency or body, is required for the execution, delivery and performance by the Certificate Administrator of this Agreement or if required,
such approval has been obtained prior to the Closing Date; and

(vii)  
No litigation is pending or, to the best of the Certificate Administrator’s knowledge, threatened against the Certificate
Administrator which would prohibit its entering into or materially and adversely affect its ability to perform its obligations under
this Agreement.

(b)              
The representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement.
Upon discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder) of a breach of any of the representations and warranties set forth in this Section which materially and adversely affects
the interests of any party to this Agreement, the Certificateholders, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder or the interests of the Master Servicer, the Special Servicer or the Certificate Administrator in any Trust Loan or Serviced
Whole Loan, the party discovering such breach shall give prompt written notice to the other parties hereto, each Certifying Certificateholder,
the Uncertificated VRR Interest Owner, the Serviced Companion Loan Holders and, prior to the occurrence and continuance of a Consultation
Termination Event, the Controlling Class Representative.

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Section 2.09          
Representations, Warranties and Covenants of the Operating Advisor.

(a)              
The Operating Advisor hereby represents and warrants to the Trustee, for its own benefit and the benefit of the Certificateholders,
the Uncertificated VRR Interest Owner and the Serviced Companion Loan Holders, and to the Depositor, the Master Servicer, each Special
Servicer and the Certificate Administrator, as of the Closing Date, that:

(i)         
The Operating Advisor is a limited liability company, duly organized, validly existing and in good standing under the laws of the
State of New York; and the Operating Advisor is in compliance with the laws of each jurisdiction in which a Mortgaged Property is located
to the extent necessary to perform its obligations under this Agreement;

(ii)                  The execution and delivery of this Agreement by the Operating Advisor, and the performance and compliance with the terms of this Agreement
by the Operating Advisor, do not violate the Operating Advisor’s organizational documents or constitute a default (or an event
that, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or
other instrument to which it is a party or that is applicable to it or any of its assets, in each case, which does or is likely to materially
and adversely affect the ability of the Operating Advisor to perform its obligations under this Agreement;

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

(iv)     
This Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal
and binding obligation of the Operating Advisor, enforceable against the Operating Advisor in accordance with the terms hereof, subject
to (A) applicable bankruptcy, receivership, insolvency, liquidation, fraudulent transfer, reorganization, moratorium and other
laws affecting the enforcement of creditors’ rights generally, (B) general principles of equity, regardless of whether such
enforcement is considered in a proceeding in equity or at law, and (C) public policy considerations regarding the enforceability
of provisions providing or purporting to provide indemnification or contribution with respect to violations of securities laws;

(v)      
The Operating Advisor is not in violation of, and its execution and delivery of this Agreement and its performance and compliance
with the terms of this Agreement do not constitute a violation of, any law, any order or decree of any court or arbiter, or any order,
regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in the Operating Advisor’s

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good faith and reasonable judgment, is
likely to affect materially and adversely the ability of the Operating Advisor to perform its obligations under this Agreement;

(vi)    
No litigation is pending or, to the best of the Operating Advisor’s knowledge, threatened against the Operating Advisor that
would prohibit the Operating Advisor from entering into this Agreement or, in the Operating Advisor’s good faith and reasonable
judgment, is likely to materially and adversely affect the ability of the Operating Advisor to perform its obligations under this Agreement;

(vii)    
The Operating Advisor has errors and omissions insurance coverage that is in full force and effect, which complies with the requirements
of Section 3.08 hereof;

(viii)   
The Operating Advisor is an Eligible Operating Advisor;

(ix)    
The Operating Advisor possesses sufficient financial strength to fulfill its duties and responsibilities pursuant to this Agreement
over the life of the Trust Fund; and

(x)       
No consent, approval, authorization or order of, or filing or registration with, any state or federal court or governmental agency
or body is required for the consummation by the Operating Advisor of the transactions contemplated by this Agreement, except for any
consent, approval, authorization or order which has not been obtained or cannot be obtained prior to the Closing Date, and which, if
not obtained would not have a materially adverse effect on the ability of the Operating Advisor to perform its obligations hereunder.

(b)              
The representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement.
Upon discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder) of a breach of any of the representations and warranties set forth in this Section which materially and adversely affects
the interests of any party to this Agreement, the Certificateholders, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder or the interests of the Master Servicer, the Special Servicer or the Trustee in any Trust Loan or Serviced Whole Loan, the
party discovering such breach shall give prompt written notice to the other parties hereto, each Certifying Certificateholder, the Uncertificated
VRR Interest Owner, the Serviced Companion Loan Holders and, prior to the occurrence and continuance of a Consultation Termination Event,
the Controlling Class Representative.

Section 2.10          
Representations, Warranties and Covenants of the Asset Representations Reviewer.

(a)              
The Asset Representations Reviewer hereby represents and warrants to the Trustee, for its own benefit and the benefit of the Certificateholders,
the Uncertificated VRR Interest Owner and the Serviced Companion Loan Holders, and to the Depositor, the

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Master Servicer, each Special Servicer
and the Certificate Administrator, as of the Closing Date, that:

(i)         
The Asset Representations Reviewer is a limited liability company, duly organized, validly existing and in good standing under
the laws of the State of New York; and the Asset Representations Reviewer is in compliance with the laws of each jurisdiction in which
a Mortgaged Property is located to the extent necessary to perform its obligations under this Agreement;

(ii)       
The execution and delivery of this Agreement by the Asset Representations Reviewer, and the performance and compliance with the
terms of this Agreement by the Asset Representations Reviewer, do not violate the Asset Representations Reviewer’s organizational
documents or constitute a default (or an event that, with notice or lapse of time, or both, would constitute a default) under, or result
in the breach of, any material agreement or other instrument to which it is a party or that is applicable to it or any of its assets,
in each case, which does or is likely to materially and adversely affect the ability of the Asset Representations Reviewer to perform
its obligations under this Agreement;

(iii)     
The Asset Representations Reviewer has the full power and authority to enter into and consummate all transactions contemplated
by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

(iv)    
This Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal
and binding obligation of the Asset Representations Reviewer, enforceable against the Asset Representations Reviewer in accordance with
the terms hereof, subject to (A) applicable bankruptcy, receivership, insolvency, liquidation, fraudulent transfer, reorganization,
moratorium and other laws affecting the enforcement of creditors’ rights generally, (B) general principles of equity, regardless
of whether such enforcement is considered in a proceeding in equity or at law, and (C) public policy considerations regarding
the enforceability of provisions providing or purporting to provide indemnification or contribution with respect to violations of securities
laws;

(v)       
The Asset Representations Reviewer is not in violation of, and its execution and delivery of this Agreement and its performance
and compliance with the terms of this Agreement do not constitute a violation of, any law, any order or decree of any court or arbiter,
or any order, regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in the Asset
Representations Reviewer’s good faith and reasonable judgment, is likely to affect materially and adversely the ability of the
Asset Representations Reviewer to perform its obligations under this Agreement;

(vi)     
No litigation is pending or, to the best of the Asset Representations Reviewer’s knowledge, threatened against the Asset
Representations Reviewer that

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would prohibit the Asset Representations
Reviewer from entering into this Agreement or, in the Asset Representations Reviewer’s good faith and reasonable judgment, is likely
to materially and adversely affect the ability of the Asset Representations Reviewer to perform its obligations under this Agreement;

(vii)    
The Asset Representations Reviewer has errors and omissions insurance coverage that is in full force and effect, which complies
with the requirements of Section 3.08 hereof;

(viii)   
The Asset Representations Reviewer is an Eligible Asset Representations Reviewer; and

(ix)      
No consent, approval, authorization or order of, or filing or registration with, any state or federal court or governmental agency
or body is required for the consummation by the Asset Representations Reviewer of the transactions contemplated by this Agreement, except
for any consent, approval, authorization or order which has not been obtained or cannot be obtained prior to the Closing Date, and which,
if not obtained would not have a materially adverse effect on the ability of the Asset Representations Reviewer to perform its obligations
hereunder.

(b)              
The representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement.
Upon discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder) of a breach of any of the representations and warranties set forth in this Section which materially and adversely affects
the interests of any party to this Agreement, the Certificateholders, the Uncertificated VRR Interest Owner or any Serviced Companion
Loan Holder or the interests of the Master Servicer, the Special Servicer or the Trustee in any Trust Loan or Serviced Whole Loan, the
party discovering such breach shall give prompt written notice to the other parties hereto, each Certifying Certificateholder, the Uncertificated
VRR Interest Owner, the Serviced Companion Loan Holders and, prior to the occurrence and continuance of a Consultation Termination Event,
the Controlling Class Representative.

Section 2.11          
Execution and Delivery of Certificates; Issuance of Lower-Tier Regular Interests and Trust Subordinate Companion Loan
Regular Interests.

The Trustee (i) acknowledges
the assignment to it of the Mortgage Loans and the Trust Subordinate Companion Loan and the delivery of the related Mortgage Files to
the Custodian (to the extent the documents constituting the Mortgage Files are actually delivered to the Custodian), subject to the provisions
of Sections 2.01 and 2.02 of this Agreement, (ii) concurrently with such delivery described in clause (i),
declares that it holds the Mortgage Loans (exclusive of Excess Interest), the Trust Subordinate Companion Loan (exclusive of Excess Interest)
for the benefit of the Holders of the Class R Certificates (in respect of the Lower-Tier Residual Interest) and the holder(s)
of the Lower-Tier Regular Interests, and (iii) concurrently with such delivery described in clause (i), declares that it holds
the Excess Interest for the benefit of the Holders of

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the Excess Interest Certificates and the Uncertificated
VRR Interest Owner. Concurrently with such delivery described in clause (i) of the prior sentence, (i) the Lower-Tier Regular
Interests, the Trust Subordinate Companion Loan Regular Interests, the Lower-Tier Residual Interest and the Trust Subordinate Companion
Loan Residual Interest shall be issued, and the Trustee and Certificate Administrator acknowledge the issuance thereof, in exchange for
the assets of the Lower-Tier REMIC and the Trust Subordinate Companion Loan REMIC, as applicable, (ii) the Depositor hereby conveys
all right, title and interest in and to the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests
and other property constituting the Upper-Tier REMIC to the Trustee, receipt of which is hereby acknowledged, (iii) the Trustee acknowledges
and hereby declares that it holds the same on behalf of the Holders of the Class R Certificates (in respect of the Upper-Tier
Residual Interest), the Grantor Trust (in respect of the Class VRR Upper-Tier Regular Interest) and the Holders of the Non-Vertically
Retained Regular Certificates, and (iv) in exchange for the conveyance described in the immediately preceding clause (ii), (A) the
Class VRR Upper-Tier Regular Interest (together with the other classes of REMIC regular interests in the Upper-Tier REMIC)
and the Upper-Tier Residual Interest shall be issued, and (B) the Certificate Administrator shall execute and cause to be authenticated
and delivered to and upon the order of the Depositor, (1) the Non-Vertically Retained Regular Certificates, and (2) the
Class R Certificates (representing the Lower-Tier Residual Interest, the Trust Subordinate Companion Loan Residual Interest and
the Upper-Tier Residual Interest), registered in the names set forth in such order and duly authenticated by the Certificate Administrator.
The Depositor hereby conveys all right, title and interest in and to any VRR Specific Grantor Trust Assets, any Class S Specific
Grantor Trust Assets and any other property constituting the Grantor Trust to the Trustee, receipt of which is hereby acknowledged. The
Uncertificated VRR Interest shall be issued and the Certificate Administrator shall execute and cause to be authenticated and delivered
to and upon the order of the Depositor, the Grantor Trust Certificates in exchange for the conveyance pursuant to the prior sentence.

Section 2.12          
Miscellaneous REMIC and Grantor Trust Provisions.

(a)              
The Class LA-1, Class LA-2, Class LA-4, Class LA-5, Class LA-SB, Class LA-S, Class LB,
Class LC, Class LD, Class LE, Class LF, Class LG, Class LH and Class LVRR Lower-Tier Regular Interests are hereby
designated as “regular interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(1), and the
Lower-Tier Residual Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual
interests” in the Lower-Tier REMIC within the meaning of Code Section 860G(a)(2). The Class LYL-A, Class LYL-B,
Class LYL-C, Class LYL-D and Class LYLRR Regular Interests are hereby designated as “regular interests” in the Trust
Subordinate Companion Loan REMIC within the meaning of Code Section 860G(a)(1), and the Trust Subordinate Companion Loan Residual
Interest (evidenced by the Class R Certificates) is hereby designated as the sole class of “residual interests” in the
Trust Subordinate Companion Loan REMIC within the meaning of Code Section 860G(a)(2).

(b)              
The Non-Vertically Retained Regular Certificates, the Loan-Specific Certificates and the Class VRR Upper-Tier Regular Interest
are hereby designated as “regular interests” in the Upper-Tier REMIC within the meaning of Code Section 860G(a)(1),
and the Upper-Tier Residual Interest (evidenced by the Class R

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Certificates) is hereby designated as
the sole class of “residual interests” in the Upper-Tier REMIC within the meaning of Code Section 860G(a)(2).

(c)               The
Closing Date is hereby designated as the “Startup Day” of each Trust REMIC within the meaning of Code Section 860G(a)(9). The “latest possible maturity
date” for purposes of Code Section 860G(a)(1) of (i) the Trust Subordinate Companion Loan Regular Interests and the
Loan-Specific Certificates is the Rated Final Distribution Date for the rated Loan-Specific Certificates; and (ii) the
Lower-Tier Regular Interests, the Non-Vertically Retained Regular Certificates and the Class VRR Upper-Tier Regular Interest is
the Rated Final Distribution Date for the rated Regular Certificates.

(d)              
None of the Depositor, the Trustee, the Master Servicer, the Special Servicer, the Operating Advisor or the Certificate Administrator
shall enter into any arrangement by which the Trust Fund will receive a fee or other compensation for services other than as specifically
contemplated herein.

(e)              
The Class S Certificates shall represent undivided beneficial interests in the portion of the Trust Fund consisting of the
Class S Specific Grantor Trust Assets, distributions thereon and proceeds thereof, which portion will be treated as part of a “grantor
trust” within the meaning of subpart E, part I of subchapter J of the Code. The Class VRR Certificates shall represent, and the
Uncertificated VRR Interest shall constitute, undivided beneficial interests in the portion of the Trust Fund consisting of the VRR Specific
Grantor Trust Assets, distributions thereon and proceeds thereof, which portion will be treated as part of a “grantor trust”
within the meaning of subpart E, part I of subchapter J of the Code.

Article
III

ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS AND TRUST SUBORDINATE COMPANION LOAN

Section 3.01          
Master Servicer to Act as Master Servicer; Administration of the Mortgage Loans and Trust Subordinate Companion Loan; Sub-Servicing
Agreements; Outside Serviced Mortgage Loans.

(a)              
The Master Servicer (with respect to the Performing Serviced Loans) and the Special Servicer (with respect to the Specially Serviced
Loans and, to the extent provided in this Agreement, the Performing Serviced Loans), each as an independent contractor, shall service
and administer the Mortgage Loans (other than the Outside Serviced Mortgage Loans, which will be serviced, together with the related Outside
Serviced Companion Loans, pursuant to the applicable Outside Servicing Agreement) and the Serviced Companion Loans on behalf of the Trust
Fund and the Trustee (for the benefit of the Certificateholders and the Uncertificated VRR Interest Owner (as a collective whole) or,
with respect to each Serviced Whole Loan, for the benefit of the Certificateholders, the Uncertificated VRR Interest Owner and the related
Serviced Companion Loan Holder(s) as a collective whole as if such Certificateholders, the Uncertificated VRR Interest Owner and such
Serviced Companion Loan Holder(s) constituted a single lender (and, in the case

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of a Serviced AB Whole Loan, taking into
account the subordinate nature of the related Subordinate Companion Loan(s)), subject to the terms and conditions of the related Co-Lender
Agreement) in accordance with: (i) any and all applicable laws; (ii) the express terms of this Agreement, the respective Serviced
Mortgage Loans or Serviced Whole Loans and, in the case of the Serviced Whole Loans, the related Co-Lender Agreement; and (iii) the
Servicing Standard. To the extent consistent with the foregoing and subject to any express limitations set forth in this Agreement and
any related Co-Lender Agreement or mezzanine loan intercreditor agreement, the Master Servicer and Special Servicer shall seek to
maximize the timely and complete recovery of principal and interest on the Mortgage Loans (other than the Outside Serviced Mortgage Loans)
and the Serviced Companion Loans. Subject only to the Servicing Standard, the Master Servicer and Special Servicer shall have full power
and authority, acting alone or through Sub-Servicers (subject to paragraph (c) of this Section 3.01 and to Section 3.02
of this Agreement), to do or cause to be done any and all things in connection with such servicing and administration which it may deem
consistent with the Servicing Standard and, in its judgment exercised in accordance with the Servicing Standard, in the best interests
of the Certificateholders, the Uncertificated VRR Interest Owner and, in the case of a Serviced Whole Loan, the related Serviced Companion
Loan Holder(s) (as a collective whole as if such Certificateholders, the Uncertificated VRR Interest Owner and, in the case of a Serviced
Whole Loan, the related Serviced Companion Loan Holder(s) constituted a single lender (and, in the case of a Serviced AB Whole Loan, taking
into account the subordinate nature of the related Subordinate Companion Loan(s)), subject to the terms and conditions of the related
Co-Lender Agreement), including, without limitation, with respect to each Mortgage Loan and Serviced Companion Loan, (A) other than
with respect to the Outside Serviced Mortgage Loans, to prepare, execute and deliver, on behalf of the Certificateholders, the Uncertificated
VRR Interest Owner, the Serviced Companion Loan Holders and the Trustee or any of them: (i) any and all financing statements, continuation
statements and other documents or instruments necessary to maintain the lien on each Mortgaged Property and related collateral; (ii) subject
to Sections 3.07, 3.09, 3.10 and 3.24 of this Agreement, any modifications, waivers, consents or amendments
to or with respect to any documents contained in the related Mortgage File or defeasance of any Mortgage Loan or Serviced Companion Loan;
and (iii) any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable
instruments, with respect to the Mortgage Loan (and any related Serviced Companion Loan) or the related Mortgaged Property; and (B) including
with respect to the Outside Serviced Mortgage Loans, to direct, manage, prosecute and/or defend any action, suit or proceeding of any
kind filed in the name of the Master Servicer or Special Servicer in their respective capacity on behalf of the Trustee or the Trust.
Notwithstanding the foregoing, neither the Master Servicer nor the Special Servicer shall modify, amend, waive or otherwise consent to
any change of the terms of any Mortgage Loan or Serviced Companion Loan except under the circumstances described in Sections 3.03,
3.07, 3.09, 3.10 and 3.24 of this Agreement. The Master Servicer and Special Servicer shall service and administer
the Mortgage Loans (other than the Outside Serviced Mortgage Loans), the Serviced Companion Loans and each related REO Property in accordance
with applicable law and the terms thereof and hereof and the terms of any applicable Co-Lender Agreements and intercreditor agreements
and shall provide to the Mortgagors any reports required to be provided to them thereby.

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Subject to Section 3.11
of this Agreement, the Trustee shall, upon the receipt of a written request of a Servicing Officer, execute and deliver (i) to the Master
Servicer, any powers of attorney substantially in the form of Exhibit AA-1 to this Agreement or such other form as mutually
agreed to by the Trustee and the Master Servicer, (ii) to the Special Servicer, any powers of attorney in the form of Exhibit AA-2
to this Agreement or such other form as mutually agreed to by the Trustee and the Special Servicer, and (iii) to the Master Servicer or
Special Servicer, as applicable, other documents reasonably acceptable to the Trustee prepared by the Master Servicer and Special Servicer
and necessary or appropriate (as certified in such written request) to enable the Master Servicer and Special Servicer to carry out their
servicing and administrative duties hereunder. Notwithstanding anything contained herein to the contrary, none of the Master Servicer,
the Special Servicer or any Sub-Servicer shall, without the Trustee’s written consent: (i) initiate any action, suit or
proceeding solely under the Trustee’s name without indicating the Master Servicer’s or Special Servicer’s, as applicable,
representative capacity, unless prohibited by any requirement of the applicable jurisdiction in which any such action, suit or proceeding
is brought and if so prohibited, in the manner required by such jurisdiction (provided that the Master Servicer or the Special Servicer,
as applicable, shall then provide five (5) Business Days’ written notice to the Trustee of the initiation of such action, suit or
proceeding (or such shorter time period as is reasonably required in the judgment of the Master Servicer or the Special Servicer, as applicable,
made in accordance with the Servicing Standard) prior to filing such action, suit or proceeding), and shall not be required to obtain
the Trustee’s consent or indicate the Master Servicer’s or the Special Servicer’s, as applicable, representative capacity;
or (ii) take any action with the intent to cause, and that actually causes, the Trustee to be registered to do business in any state.
Each of the Master Servicer, the Special Servicer and any Sub-Servicer shall indemnify the Trustee for any and all costs, liabilities
and expenses incurred by the Trustee in connection with the negligent or willful misuse of such powers of attorney by the Master Servicer
or the Special Servicer or its agents or subcontractors, as applicable.

(b)              
Unless otherwise provided in the related Loan Documents, the Master Servicer shall apply any partial principal prepayment received
on a Serviced Loan on a date other than a Due Date, to the principal balance of such Mortgage Loan as of the Due Date immediately following
the date of receipt of such partial principal prepayment. Unless otherwise provided in the related Loan Documents, the Master Servicer
shall apply any amounts received on “government securities” within the meaning of Section 2(a)(16) of the Investment
Company Act, or any other securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii) (which shall not be
redeemed by the Master Servicer prior to the maturity thereof) in respect of such a Serviced Loan being defeased pursuant to its
terms to the principal balance of and interest on such Serviced Loan as of the Due Date immediately following the receipt of such amounts.
If with respect to any Serviced Loan the related Loan Documents permit the lender, at its option, prior to an event of default under the
related Serviced Loan, to apply amounts held in any reserve account as a prepayment or to hold such amounts in a reserve account, the
Master Servicer shall hold such amounts in the applicable reserve account and may not apply such amounts as a prepayment until the occurrence
of an event of default under the related Serviced Loan; provided that any such amounts may be used, if permitted under the related
Loan Documents, to defease the related Serviced Loan or, upon an event of default under the related Serviced Loan, to prepay the Serviced
Loan.

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(c)             The
Master Servicer and the Special Servicer may each enter into Sub-Servicing Agreements with third parties (including a party that
has previously been engaged as a Subcontractor) with respect to any of its obligations hereunder, provided that (i) any
such agreement shall be consistent with the provisions of this Agreement, (ii) any such agreement shall be consistent with the
Servicing Standard, (iii) other than with respect to any Mortgage Loan Seller Sub-Servicer, the Depositor has consented to the
related Sub-Servicer, (iv) any such agreement shall provide that, following receipt of the applicable Mortgage Loan Purchase
Agreement from the Depositor, the Master Servicer or the Special Servicer, as applicable, shall provide a copy of the applicable Mortgage
Loan Purchase Agreement to the related Sub-Servicer, and that such Sub-Servicer shall notify the Master Servicer or the Special
Servicer, as applicable, in writing within five (5) Business Days after such Sub-Servicer discovers or receives notice alleging a
Document Defect or a Breach or receives a Repurchase Communication of a Repurchase Request, a Repurchase Request Withdrawal, a Repurchase
or a Repurchase Request Rejection; (v) the Master Servicer or the Special Servicer, as applicable, shall notify the applicable
Mortgage Loan Seller of any such agreement (other than any Sub-Servicing Agreement in place on the Closing Date with a Mortgage Loan
Seller Sub-Servicer); (vi) any assignment of such Sub-Servicing Agreement by the related Sub-Servicer (other than an assignment to the
Master Servicer (in the case of a Sub-Servicer engaged by the Master Servicer) or the Special Servicer (in the case of a Sub-Servicer
engaged by the Special Servicer)) shall be subject to the prior written consent of the Depositor (which consent shall not be unreasonably
withheld, conditioned or delayed); (vii) any amendment or modification of such Sub-Servicing Agreement shall be subject to the prior
written consent of the Depositor (which consent shall not be unreasonably withheld, conditioned or delayed) if the Master Servicer or
the Special Servicer, as applicable, determines that, as a result of such amendment or modification, the Sub-Servicer would become a
“servicer” within the meaning of Item 1101 of Regulation AB that (1) meets the criteria in Item 1108(a)(2)(i), (ii) or (iii)
of Regulation AB or (2) meets the criteria in Item 1108(a)(2)(iii) of Regulation AB and services 20% or more of the pool assets; (viii)
any such Sub-Servicing Agreement shall provide that it may be assumed by the Trustee or its designee (if the Trustee or its designee
has assumed the duties of the Master Servicer or the Special Servicer, as applicable) or by any successor Master Servicer or Special
Servicer, as applicable, without cost or obligation to the assuming party or the Trust Fund, upon the assumption by such party of the
obligations of the Master Servicer or the Special Servicer, as applicable, pursuant to Section 7.02 hereof; (ix) any such Sub-Servicing
Agreement shall provide that the Trustee (for the benefit of the Certificateholders, the Uncertificated VRR Interest Owner and the related
Companion Loan Holder (if applicable) and the Trust (as holder of the Lower-Tier Regular Interests and the Trust Subordinate Companion
Loan Regular Interests) shall be a third party beneficiary under such Sub-Servicing Agreement, but that (except to the extent the
Trustee or its designee assumes the obligations of such party thereunder as contemplated herein) none of the Trust, the Trustee, the
Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Master Servicer or Special Servicer, as applicable,
any successor master servicer or special servicer or any Certificateholder (or the related Companion Loan Holder, if applicable) shall
have any duties under such Sub-Servicing Agreement or any liabilities arising therefrom; (ix) any such Sub-Servicing Agreement
shall provide that the Sub-Servicer shall be in default under

    	 	- 211 -	 

     

    

the related Sub-Servicing Agreement
and such Sub-Servicing Agreement shall be terminated (unless such default is waived by the Depositor in writing) if the Sub-Servicer
fails (A) to deliver by the due date (which may take into account any grace period permitted pursuant to this Agreement) any Exchange
Act reporting items required to be delivered to the Master Servicer, Special Servicer, the Certificate Administrator or the Depositor
under Article X or under the Sub-Servicing Agreement or to the master servicer under any other pooling and servicing agreement
that the Depositor is a party to, or (B) to perform in any material respect any of its covenants or obligations contained in the
Sub-Servicing Agreement regarding creating, obtaining or delivering any Exchange Act reporting items required for any party to this
Agreement to perform its obligations under Article X or under the Exchange Act reporting requirements of any other pooling and
servicing agreement that the Depositor is a party to; (x) any such Sub-Servicing Agreement shall comply with the requirements set forth
in Section 10.17 of this Agreement; (xi) no Sub-Servicer shall be permitted under any Sub-Servicing Agreement to take (or determine
not to take) action with respect to Major Decisions or Special Servicer Decisions without the consent of the Master Servicer (in the case
of Sub-Servicers engaged by the Master Servicer) or the Special Servicer (in the case of Sub-Servicers engaged by the Special Servicer);
and (xii) no Sub-Servicer shall be the Operating Advisor, the Asset Representations Reviewer or any of their respective Affiliates. Any
such Sub-Servicing Agreement may permit the Sub-Servicer to delegate its duties to agents or subcontractors so long as the related
agreements or arrangements with such agents or subcontractors are consistent with the provisions of this Section 3.01(c). The Master
Servicer and the Special Servicer shall each be responsible for paying the servicing fees of any Sub-Servicer retained by it. The Master
Servicer or the Special Servicer, as applicable, shall, upon request, provide a copy of each Sub-Servicing Agreement (and any assignment
thereof) entered into by it to the Depositor. A Sub-Servicer may be an affiliate of the Depositor, the Master Servicer or the Special
Servicer. Notwithstanding the foregoing, the Special Servicer may not enter into any Sub-Servicing Agreement which provides for the performance
by third parties of any or all of its obligations under this Agreement without, with respect to any Mortgage Loan other than an Excluded
Mortgage Loan and prior to the occurrence and continuance of a Control Termination Event, the consent of the Controlling Class Representative,
except to the extent necessary for the Special Servicer to comply with applicable regulatory requirements.

Any Sub-Servicing Agreement,
and any other transactions or services relating to the Mortgage Loans and/or Serviced Whole Loans involving a Sub-Servicer, shall
be deemed to be between the Master Servicer or the Special Servicer, as applicable, and such Sub-Servicer alone, and the Trustee,
the Certificate Administrator, the Custodian, the Operating Advisor, the Trust Fund and the Certificateholders and the Uncertificated
VRR Interest Owner shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities (including,
without limitation, any obligation to pay any termination fee to any Sub-Servicer as a result of the termination of any Sub-Servicing
Agreement) with respect to the Sub-Servicer, except as set forth in Section 3.01(d) of this Agreement and no provision herein
may be construed so as to require the Trust Fund to indemnify any such Sub-Servicer.

As part of its servicing
activities hereunder, each of the Master Servicer and the Special Servicer for the benefit of the Trustee, the Certificateholders, the
Uncertificated VRR

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Interest Owner and, if applicable, the Serviced
Companion Loan Holders, shall (at no expense to the Trustee, the Certificateholders, the Uncertificated VRR Interest Owner, the Serviced
Companion Loan Holders or the Trust) monitor the performance and enforce the obligations of each of its Sub-Servicers under the related
Sub-Servicing Agreement (except that, to the extent provided in Article X hereof, the Master Servicer shall be required
only to use commercially reasonable efforts to cause any Mortgage Loan Seller Sub-Servicer to comply with the requirements of Article X
hereof). Such enforcement, including, without limitation, the legal prosecution of claims, termination of Sub-Servicing Agreements
in accordance with their respective terms and the pursuit of other appropriate remedies, shall be in such form and carried out to such
an extent and at such time as is in accordance with the Servicing Standard and the terms of this Agreement. Each of the Master Servicer
and the Special Servicer shall have the right to remove a Sub-Servicer retained by it in accordance with the terms of the related
Sub-Servicing Agreement.

(d)              
If the Trustee or any successor Master Servicer or successor Special Servicer, as applicable, assumes the obligations of the Master
Servicer or the Special Servicer, as applicable, in accordance with Section 7.02, the Trustee or such successor, as applicable,
to the extent necessary to permit the Trustee or such successor, as applicable, to carry out the provisions of Section 7.02, shall,
without act or deed on the part of the Trustee or such successor, as applicable, succeed to all of the rights and obligations of the Master
Servicer or the Special Servicer, as applicable, under any Sub Servicing Agreement entered into by the Master Servicer or the Special
Servicer, as applicable, pursuant to Section 3.01(c) of this Agreement. In such event, the Trustee or the successor Master Servicer
or the successor Special Servicer, as applicable, shall be deemed to have assumed all of the Master Servicer’s or the Special Servicer’s,
as applicable, interest therein (but not any liabilities or obligations in respect of acts or omissions of the Master Servicer or the
Special Servicer, as applicable, prior to such deemed assumption) and to have replaced the Master Servicer or the Special Servicer, as
applicable, as a party to such Sub-Servicing Agreement to the same extent as if such Sub Servicing Agreement had been assigned to the
Trustee or such successor Master Servicer, as applicable, except that the Master Servicer or the Special Servicer, as applicable, shall
not thereby be relieved of any liability or obligations under such Sub Servicing Agreement that accrued prior to the succession of the
Trustee or the successor Master Servicer or successor Special Servicer, as applicable.

In the event that the Trustee
or any successor Master Servicer or successor Special Servicer, assumes the servicing obligations of the Master Servicer or the Special
Servicer, as applicable, upon request of the Trustee or such successor Master Servicer or successor Special Servicer, as applicable, the
Master Servicer or the Special Servicer, as applicable, shall at its own expense deliver or cause to be delivered to the Trustee or such
successor Master Servicer or successor Special Servicer, as applicable, all documents and records relating to any Sub-Servicing Agreement
and the Trust Loans then being serviced thereunder and an accounting of amounts collected and held by it, if any, and will otherwise use
its reasonable efforts to effect the orderly and efficient transfer of any Sub-Servicing Agreement to the Trustee or the successor
Master Servicer or successor Special Servicer, as applicable.

(e)              
The parties hereto acknowledge that each Serviced Whole Loan is subject to the terms and conditions of the related Co-Lender
Agreement and recognize the

    	 	- 213 -	 

     

    

respective rights and obligations of
the Trust, as holder of the related Trust Loan(s), and of the related Serviced Companion Loan Holder(s) under the related Co-Lender
Agreement, including: (i) with respect to the allocation of collections on or in respect of such Serviced Whole Loan, and the making
of remittances, to the Trust, as holder of the related Trust Loan(s), and to the related Serviced Companion Loan Holder(s); (ii) with
respect to the allocation of expenses and losses relating to such Serviced Whole Loan to the Trust, as holder of the related Trust Loan(s),
and to the related Serviced Companion Loan Holder(s); (iii) any consultation, consent and Special Servicer appointment rights of a related
Serviced Companion Loan Holder or its Companion Loan Holder Representative, including those specified in this Agreement; (iv) any
right of a related Companion Loan Holder to attend (in-person or telephonically) annual meetings with the Master Servicer or the Special
Servicer, as applicable, upon reasonable notice and at times reasonably acceptable to the Master Servicer or the Special Servicer, as
applicable, for the purpose of discussing servicing issues related to such Serviced Whole Loan; (v) any right of a related Companion Loan
Holder to cure certain defaults under the related Serviced Whole Loan; and (vi) any right of a related Companion Loan Holder to purchase
the related Split Mortgage Loan from the Trust Fund (together with any other related Serviced Pari Passu Companion Loans, if applicable).
With respect to any Serviced Whole Loan, the Master Servicer (if such Serviced Whole Loan is a Performing Serviced Loan) or the Special
Servicer (if such Serviced Whole Loan has become a Specially Serviced Loan or the related Mortgaged Property has been converted to an
REO Property) shall prepare and provide to the related Serviced Companion Loan Holder(s) (or its Companion Loan Holder Representative),
or, if applicable, the master servicer or special servicer for the related Other Securitization Trust, on its behalf, all notices, reports,
statements and communications to be delivered by the holder of the related Mortgage Loan under the related Co-Lender Agreement, and
shall perform all duties and obligations to be performed by a servicer and perform all servicing-related duties and obligations to
be performed by the holder of the related Mortgage Loan pursuant to the related Co-Lender Agreement. Furthermore, to the extent not
otherwise expressly included herein, any provisions required to be included herein pursuant to any Co-Lender Agreement for a Serviced
Whole Loan are deemed incorporated herein by reference, and the parties hereto shall comply with those provisions as if set forth herein
in full. In the event of any conflict between this Agreement and a Co-Lender Agreement with respect to a Serviced Whole Loan, the
terms of such Co-Lender Agreement shall control with respect to such Serviced Whole Loan.

With respect to any Serviced
Outside Controlled Mortgage Loan (including any Servicing Shift Mortgage Loan prior to the related Servicing Shift Date), subject to the
rights of the Controlling Class Representative under this Agreement and any applicable consultation rights of the Operating Advisor
(to the extent set forth in Sections 3.29(g) and (h)), the Master Servicer (if such Serviced Outside Controlled Mortgage Loan
is a Performing Serviced Loan and the matter does not involve a Major Decision or Special Servicer Decision) or the Special Servicer (if
such Serviced Outside Controlled Mortgage Loan is a Specially Serviced Loan or if such Serviced Outside Controlled Mortgage Loan is a
Performing Serviced Loan and the matter involves a Major Decision or Special Servicer Decision) shall be entitled to exercise the rights
and powers granted under the related Co-Lender Agreement to the “Non-Controlling Note Holder” (as such term or any
analogous term is defined in the related Co-Lender Agreement).

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(f)               
 Notwithstanding anything to the contrary herein, (a) at no time shall the Master Servicer or the Trustee be required to make any
P&I Advance on any Companion Loan other than the Trust Subordinate Companion Loan and (b) if the Mortgage Loan and, if applicable,
the Trust Subordinate Companion Loan (or the related REO Property) that is part of a Serviced Whole Loan is no longer part of the Trust
Fund, neither the Master Servicer nor the Trustee, as the case may be, shall have any obligation to make any Property Advance on such
Serviced Whole Loan. If pursuant to the foregoing sentence, the Master Servicer does not intend to make a Property Advance with respect
to a Serviced Whole Loan that the Master Servicer would have made if the related Mortgage Loan or REO Property were still part of the
Trust Fund, the Master Servicer shall promptly notify the holder of the related Serviced Companion Loan of its intention to no longer
make such Property Advances and shall additionally promptly notify such holder of any required Property Advance it would have otherwise
made upon becoming aware of the need for such Property Advance. Additionally, at the time the Mortgage Loan relating to a Serviced Whole
Loan is removed from the Trust Fund, the Master Servicer shall deliver to the related Serviced Companion Loan Holder (or the master servicer
of any securitization of the related Serviced Companion Loan) (i) a copy of the most recent inspection report and the inspection
report for the prior calendar year, (ii) copies of all financial statements collected from the related Mortgagor for the most recent
calendar year and the prior calendar year, (iii) a copy of the most recent Appraisal and any other Appraisal done in the prior year
and (iv) a copy of all tax and insurance bills for the current calendar year and the prior calendar year.

(g)              
Notwithstanding anything herein to the contrary, the parties hereto acknowledge and agree that the Master Servicer’s and
the Special Servicer’s obligations and responsibilities hereunder and the Master Servicer’s and the Special Servicer’s
authority with respect to each Outside Serviced Mortgage Loan and each Outside Serviced Companion Loan related to the Outside Serviced
Mortgage Loans are limited by and subject to the terms of the related Co-Lender Agreement and this Agreement and the rights of the
related Outside Servicer and the related Outside Special Servicer with respect thereto under the applicable Outside Servicing Agreement.
The parties further recognize the respective rights and obligations of the related Outside Trustee and/or the Outside Serviced Companion
Loan Holders (or the representatives thereof) under each respective Co-Lender Agreement including with respect to the allocation of
collections on or in respect of an Outside Serviced Whole Loan in accordance with the related Co-Lender Agreement. The Master Servicer
shall cooperate with the Certificate Administrator, on behalf of the Trust, in connection with the enforcement of the rights by the Trustee
(as holder of the Outside Serviced Mortgage Loans) under each related Co-Lender Agreement and each applicable Outside Servicing Agreement.
The Master Servicer or Special Servicer, as applicable, (under the power of attorney granted by the Trustee) shall take such actions as
it shall deem reasonably necessary to facilitate the servicing of each Outside Serviced Companion Loan by the related Outside Servicer
and the related Outside Special Servicer, including, but not limited to, delivering appropriate requests for release to the Custodian
(if any) in order to deliver any portion of the related Mortgage Files to the related Outside Servicer or related Outside Special
Servicer under the applicable Outside Servicing Agreement.

    	 	- 215 -	 

     

    

To the extent that the Trust,
as holder of an Outside Serviced Mortgage Loan for the benefit of the Certificateholders and the Uncertificated VRR Interest Owner, is
entitled to (i) consent to or approve any modification, waiver or amendment of such Outside Serviced Mortgage Loan or (ii) exercise
any consultation rights with respect to “Major Decisions” or “Material Actions” (as such term or any analogous
term is defined in the applicable Outside Servicing Agreement) in connection with such Outside Serviced Mortgage Loan or any related REO
Property or any consultation rights with respect to the implementation of “Asset Status Reports” (as such term or any analogous
term is defined in the applicable Outside Servicing Agreement), then the following party or parties (to the extent notified by the appropriate
party to the applicable Outside Servicing Agreement of any matter requiring the exercise of consent, approval or consultation rights)
shall actually exercise such consent, approval or consultation rights, and the respective parties to this Agreement shall take such actions
as are reasonably necessary to allow the following party or parties to exercise such consent, approval or consultation rights: (a) the
Controlling Class Representative (unless a Control Termination Event exists or the Controlling Class Representative is not permitted
to consent under the related Co-Lender Agreement) or the Special Servicer (if a Control Termination Event exists or the Controlling Class Representative
is not permitted to consent under the related Co-Lender Agreement) shall exercise any such consent or approval rights, in each case in
accordance with Section 3.01(i); and (b) the Controlling Class Representative (unless a Consultation Termination
Event exists or the Controlling Class Representative is not permitted to consult under the related Co-Lender Agreement) or the Special
Servicer (if a Consultation Termination Event exists or the Controlling Class Representative is not permitted to consult under the
related Co-Lender Agreement) shall exercise any such consultation rights entitled to be exercised by the holder of such Outside Serviced
Mortgage Loan in accordance with Section 3.01(i). The Master Servicer shall only be obligated to forward any requests received
from the Outside Servicer or the Outside Special Servicer, as applicable, for such consent and/or consultation to the Special Servicer
(who shall forward any such request to the Controlling Class Representative except if a Control Termination Event or Consultation
Termination Event, as applicable, has occurred and is continuing or if the Controlling Class Representative is not permitted to consent
or consult, as applicable, under the related Co-Lender Agreement and, following the occurrence and during the continuance of a Control
Termination Event, to the Operating Advisor), and the Master Servicer shall have no right or obligation to exercise any such consent or
consultation rights.

In addition to such consent,
approval or consultation rights, the Controlling Class Representative (if no Control Termination Event has occurred and is continuing
and subject to the related Co-Lender Agreement) and the Special Servicer (if a Control Termination Event has occurred and is continuing),
on behalf of the Trust, as holder of each Outside Serviced Mortgage Loan for the benefit of the Certificateholders and the Uncertificated
VRR Interest Owner, will have the right (exercisable in its sole discretion), to the extent provided in the related Co-Lender Agreement
and/or the applicable Outside Servicing Agreement, to attend (in-person or telephonically) annual meetings with the related Outside
Servicer or Outside Special Servicer, as applicable, upon reasonable notice and at times reasonably acceptable to the related Outside
Servicer or Outside Special Servicer, as applicable, for the purpose of discussing servicing issues related to such Outside Serviced Whole
Loan.

None of the Master Servicer,
the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian or the Trustee shall have any obligation or
authority to

    	 	- 216 -	 

     

    

supervise any Outside Servicer, any Outside
Special Servicer, any Outside Trustee or any other party to the applicable Outside Servicing Agreement or to make Property Advances with
respect to any of the Outside Serviced Mortgage Loans or a Companion Loan related to an Outside Serviced Mortgage Loan. The obligation
of the Master Servicer and the Special Servicer to provide information to the Trustee or any other Person with respect to the Outside
Serviced Mortgage Loans and any Outside Serviced Companion Loan related to an Outside Serviced Mortgage Loan is dependent on their receipt
of the corresponding information from the related Outside Servicer or the related Outside Special Servicer, as applicable.

(h)              
The parties hereto acknowledge that each Outside Serviced Whole Loan is subject to the terms and conditions of the respective Co-Lender
Agreement and further acknowledge that, pursuant to the respective Co-Lender Agreement, (i) the related Outside Serviced Mortgage
Loan and the related Outside Serviced Companion Loans are to be serviced and administered by the related Outside Servicer and Outside
Special Servicer in accordance with the applicable Outside Servicing Agreement, and (ii) in the event that the applicable Outside
Serviced Companion Loan is no longer part of the trust fund created by the applicable Outside Servicing Agreement and the related Outside
Serviced Mortgage Loan remains an asset of the Trust Fund, then, as set forth in the related Co-Lender Agreement, the related Outside
Serviced Whole Loan shall be serviced in accordance with the applicable provisions of the applicable Outside Servicing Agreement as if
such agreement was still in full force and effect with respect to the related Outside Serviced Whole Loan, until such time as a new servicing
agreement has been agreed to by the parties to the related Co-Lender Agreement in accordance with the provisions of such agreement
and confirmation has been obtained from the Rating Agencies that such new servicing agreement would not result in a downgrade, qualification
or withdrawal of the then current ratings of any Class of Certificates then outstanding and any other requirements applicable to
the related Outside Serviced Mortgage Loan.

(i)                
The parties hereto acknowledge that each Outside Serviced Mortgage Loan is subject to the terms and conditions of the related Co-Lender
Agreement. With respect to each Outside Serviced Whole Loan, the parties hereto recognize the respective rights and obligations of the
related Outside Serviced Whole Loan Noteholders under the related Co-Lender Agreement, including with respect to the allocation of
collections and losses on or in respect of the related Outside Serviced Mortgage Loan and the related Outside Serviced Companion Loan(s)
and the making of payments to the related Outside Serviced Whole Loan Noteholders in accordance with the related Co-Lender Agreement
and the applicable Outside Servicing Agreement. The parties hereto further acknowledge that, pursuant to the related Co-Lender Agreement,
each Outside Serviced Mortgage Loan and the related Outside Serviced Companion Loan(s) are to be serviced and administered by the related
Outside Servicer and Outside Special Servicer in accordance with the applicable Outside Servicing Agreement, and that payments allocated
to each Outside Serviced Mortgage Loan and the related Outside Serviced Companion Loans pursuant to the applicable Outside Servicing Agreement
and the related Co-Lender Agreement are to be made by related Outside Servicer. Although each Outside Serviced Mortgage Loan is not
serviced and administered hereunder, the Master Servicer and the Special Servicer hereunder for each such Outside Serviced Mortgage Loan
shall have certain duties as set

    	 	- 217 -	 

     

    

forth herein and shall constitute the
“Master Servicer” and “Special Servicer” hereunder with respect to each such Outside Serviced Mortgage Loan.

If there are at any time
amounts due from the Trust, as holder of an Outside Serviced Mortgage Loan, to any party under the related Co-Lender Agreement or
the applicable Outside Servicing Agreement, the Master Servicer shall pay such amounts out of the Collection Account. If a party to the
applicable Outside Servicing Agreement related to an Outside Serviced Mortgage Loan requests the Master Servicer, Special Servicer, Trustee,
Certificate Administrator or Custodian to consent to, or consult with respect to, a modification, waiver or amendment of, or other loan-level
action related to, such Outside Serviced Mortgage Loan (except a modification, waiver or amendment of the applicable Outside Servicing
Agreement or the related Co-Lender Agreement which shall not be subject to the operation of this sentence but shall instead be subject
to the operation of the provisions below in this paragraph), the party hereto that receives such request shall (but in the case of the
Master Servicer subject to the limitation that it shall only be required to deliver any such request to the Special Servicer) promptly
deliver a copy of such request to the Controlling Class Representative (if no Control Termination Event (in the case of consent rights)
or Consultation Termination Event (in the case of consultation rights) exists and the Controlling Class Representative may consent or
consult, as applicable, under the related Co-Lender Agreement) or to the Special Servicer (if a Control Termination Event (in the case
of consent rights) or Consultation Termination Event (in the case of consultation rights) exists or the Controlling Class Representative
is not permitted to consent or consult, as applicable, under the related Co-Lender Agreement), as applicable, and (a) any such consent
rights shall be exercised by the Controlling Class Representative (unless a Control Termination Event exists or the Controlling Class Representative
is not permitted to consent under the related Co-Lender Agreement) or by the Special Servicer (if a Control Termination Event exists or
the Controlling Class Representative is not permitted to consent under the related Co-Lender Agreement) and (b) any such consultation
rights shall be exercised by the Controlling Class Representative (unless a Consultation Termination Event exists or the Controlling
Class Representative is not permitted to consult under the related Co-Lender Agreement) or by the Special Servicer (if a Consultation
Termination Event exists or the Controlling Class Representative is not permitted to consult under the related Co-Lender Agreement);
provided, that, if such Outside Serviced Mortgage Loan were serviced hereunder and such action would not be permitted without Rating
Agency Confirmation, then the Controlling Class Representative or the Special Servicer, as applicable, shall not exercise any such
right of consent without first having obtained (or having caused the related Outside Servicer or Outside Special Servicer to obtain) or
received such Rating Agency Confirmation (payable at the expense of the party making such request for consent or approval if such requesting
party is a Certificateholder, the Uncertificated VRR Interest Owner or a party to this Agreement, and otherwise payable from the Collection
Account). If a Responsible Officer of the Trustee, Certificate Administrator or Custodian receives actual notice of a termination event
under the applicable Outside Servicing Agreement, then the Trustee, Certificate Administrator or Custodian, as applicable, shall notify
the Master Servicer (in writing), and the Master Servicer shall act in accordance with the instructions of (prior to the occurrence of
a Control Termination Event) the Controlling Class Representative in accordance with the applicable Outside Servicing Agreement with
respect to such termination event (provided that the Master Servicer shall only be required to comply with such instructions if such instructions
are in accordance with the applicable Outside Servicing Agreement and not inconsistent with this Agreement); provided that, if
such instructions are not provided within a reasonable time period (not to exceed ten (10) Business Days or such

    	 	- 218 -	 

     

    

lesser response time as is afforded under the
applicable Outside Servicing Agreement) or if a Control Termination Event exists or if the Master Servicer is not permitted by the applicable
Outside Servicing Agreement to follow such instructions, then the Master Servicer shall take such action or inaction (to the extent permitted
by the applicable Outside Servicing Agreement), as directed in writing by the Holders of the Certificates evidencing at least 25% of the
aggregate of all Voting Rights (such direction to be sought and communicated to the Master Servicer by the Certificate Administrator)
within a reasonable period of time that does not exceed such response time as is afforded under the applicable Outside Servicing Agreement.
Subject to the foregoing, during the continuation of any termination event with respect to the related Outside Servicer or Outside Special
Servicer under the applicable Outside Servicing Agreement, each of the Trustee, the Certificate Administrator, the Master Servicer and
the Special Servicer shall have the right (but not the obligation) to take all actions to enforce its rights and remedies and to protect
the interests, and enforce the rights and remedies, of the Trust (including the institution and prosecution of all judicial, administrative
and other proceedings and the filings of proofs of claim and debt in connection therewith). The reasonable costs and expenses incurred
by the Master Servicer, Special Servicer, the Certificate Administrator, or the Trustee in connection with such enforcement shall be paid
by the Master Servicer out of the Collection Account. If the Trustee receives a request (and, if the Master Servicer, Special Servicer
or the Certificate Administrator receives such request, such party shall promptly forward such request to the Trustee) from any party
to the applicable Outside Servicing Agreement for consent to or approval of a modification, waiver or amendment of the applicable Outside
Servicing Agreement and/or the related Co-Lender Agreement, or the adoption of any servicing agreement that is the successor to and/or
in replacement of the applicable Outside Servicing Agreement in effect as of the Closing Date or a change in servicer under the applicable
Outside Servicing Agreement, then the Trustee is hereby directed to, and the Trustee shall, grant such consent or approval if (a) the
Trustee shall have received a prior Rating Agency Confirmation from each Rating Agency (payable at the expense of the party making such
request for consent or approval to the Trustee, if such requesting party is a Certificateholder, the Uncertificated VRR Interest Owner
or a party to this Agreement, and otherwise payable from the Collection Account) with respect to such consent or approval, and (b) unless
a Control Termination Event has occurred and is continuing or the Controlling Class Representative is not permitted to consent under
the related Co-Lender Agreement, the Trustee shall have obtained the consent of the Controlling Class Representative. The Trustee,
the Certificate Administrator, the Special Servicer and the Master Servicer (each, a “Notifying Party”) shall each
promptly forward all material notices or other communications delivered to it in connection with the applicable Outside Servicing Agreement
to each other Notifying Party (unless a Notifying Party has actual knowledge that such other Notifying Party (i) was copied on such original
notice or communication or (ii) actually received such notice or communication), the Operating Advisor, the Controlling Class Representative
(if a Consultation Termination Event does not exist) and the Depositor and, if such notice or communication is in the nature of a notice
or communication that would be required to be delivered to the Rule 17g-5 Information Provider (for posting to the Rule 17g-5
Information Provider’s Website in accordance with Section 12.13) if the related Outside Serviced Mortgage Loan were
a Mortgage Loan that is serviced and administered under this Agreement, to the Rule 17g-5 Information Provider (who shall promptly
post such notice to the Rule 17g-5 Information Provider’s Website in accordance with Section 12.13); provided
that, notwithstanding the foregoing, the Special Servicer shall have no obligation to forward any such notice or communication under this
provision unless (A) the Special

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Servicer is the only addressee of such notice
or communication or (B) there is no addressee on such notice or communication. Any obligation of the Master Servicer or Special Servicer,
as applicable, to provide information and collections to the Trustee, the Certificate Administrator, the Controlling Class Representative,
the Uncertificated VRR Interest Owner and the Certificateholders with respect to any Outside Serviced Mortgage Loan shall be dependent
on its receipt of the corresponding information and collections from the related Outside Servicer or the related Outside Special Servicer.
Each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall reasonably cooperate with the Master
Servicer, the Special Servicer, the Operating Advisor or the Controlling Class Representative, in each case as and when applicable,
to facilitate the exercise by such party of any consent, approval or consultation rights set forth in this Section 3.01 with
respect to an Outside Serviced Mortgage Loan; provided, however, the Trustee, the Certificate Administrator, the Master Servicer
and the Special Servicer shall have no right or obligation to exercise any consent or consultation rights or obtain a Rating Agency Confirmation
on behalf of the Controlling Class Representative.

(j)                
With respect to each Outside Serviced Mortgage Loan, the parties to this Agreement agree as follows:

(i)         
pursuant to the related Outside Servicing Agreement, the related Outside Servicer or Outside Special Servicer, as applicable, is
obligated to make “Servicing Advances” or “Property Advances” and incur “Additional Trust Fund Expenses”
(as each such term or any analogous term is defined in the related Outside Servicing Agreement) with respect to such Outside Serviced
Mortgage Loan; the Trust shall be responsible for its pro rata share (such pro rata share and the pro rata share
of the holder(s) of the related Outside Serviced Companion Loan(s) to be determined based on the respective principal balances of such
Outside Serviced Mortgage Loan and the related Outside Serviced Companion Loan(s)) of any “Nonrecoverable Servicing Advance”
or “Nonrecoverable Property Advances” (and advance interest thereon) and any “Additional Trust Fund Expenses”
(as each such term or any analogous term is defined in the related Outside Servicing Agreement), but only to the extent that they relate
to servicing and administration of such Outside Serviced Mortgage Loan, including without limitation, any unpaid “Special Servicing
Fees,” “Liquidation Fees” and “Workout Fees” (as each such term or any analogous term is defined in the
related Outside Servicing Agreement) relating to such Outside Serviced Mortgage Loan; and in the event that the funds received with respect
to the related Outside Serviced Whole Loan are insufficient to cover “Servicing Advances,” “Property Advances”
or “Additional Trust Fund Expenses” (as each such term or any analogous term is defined in the applicable Outside Servicing
Agreement) relating to the servicing and administration of the related Outside Serviced Whole Loan, (i) the Master Servicer shall,
promptly following notice from the related Outside Servicer, reimburse the related Outside Servicer, the related Outside Special Servicer,
the related Outside Certificate Administrator or the related Outside Trustee, as applicable (such reimbursement, to the extent owed to
the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee, may be paid by the
Master Servicer to the related Outside Servicer, who shall pay such amounts to the related Outside Special Servicer, the related Outside
Certificate Administrator or the

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related Outside Trustee, as applicable),
out of general funds in the Collection Account for the Trust’s pro rata share (such pro rata share and the pro
rata share of the holder(s) of the related Outside Serviced Companion Loan(s) to be determined based on the respective principal balances
of such Outside Serviced Mortgage Loan and the related Outside Serviced Companion Loan(s)) of any such “Nonrecoverable Servicing
Advance,” “Nonrecoverable Property Advances” and/or “Additional Trust Fund Expenses” (as each such term
or any analogous term is defined in the applicable Outside Servicing Agreement), and (ii) if the related Outside Servicing Agreement
permits the related Outside Servicer, the related Outside Special Servicer, the related Outside Certificate Administrator or the related
Outside Trustee to reimburse itself from the related Outside Securitization Trust’s general account, then the parties to this Agreement
hereby acknowledge and agree that the related Outside Servicer, the related Outside Special Servicer, the related Outside Certificate
Administrator or the related Outside Trustee, as applicable, may do so and the Master Servicer shall be required to, promptly following
notice from the related Outside Servicer, reimburse the related Outside Securitization Trust out of general funds in the Collection Account
for the Trust’s pro rata share (such pro rata share and the pro rata share of the holder(s) of the related
Outside Serviced Companion Loan(s) to be determined based on the respective principal balances of such Outside Serviced Mortgage Loan
and the related Outside Serviced Companion Loan(s)) of any such “Nonrecoverable Servicing Advance,” “Nonrecoverable
Property Advances” and/or “Additional Trust Fund Expenses” (as each such term or any analogous term is defined in the
applicable Outside Servicing Agreement) relating to the servicing and administration of such Outside Serviced Whole Loan;

(ii)       
With respect to each Outside Serviced Mortgage Loan, each of (i) (as and to the same extent the related Outside Securitization
Trust established under the related Outside Servicing Agreement is required to indemnify each of the following parties in respect of other
mortgage loans in the related Outside Securitization Trust pursuant to the terms of the related Outside Servicing Agreement) the related
Outside Servicer, the related Outside Special Servicer, the related Outside Certificate Administrator, the related Outside Trustee, the
related Outside Operating Advisor and the related Outside Depositor (and any director, officer, employee or agent of any of the foregoing,
to the extent such parties are identified as “Indemnified Parties” in the related Outside Servicing Agreement in respect of
other mortgages included in such Outside Securitization Trust) and (ii) the related Outside Securitization Trust (such parties in clause (i)
and the related Outside Securitization Trust, collectively, the “Pari Passu Indemnified Parties”) shall be indemnified
against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees
and expenses incurred in connection with the servicing and administration of such Outside Serviced Mortgage Loan and the related Mortgaged
Property (or, with respect to the related Outside Operating Advisor, incurred in connection with the provision of services for such Outside
Serviced Mortgage Loan) under the applicable Outside Servicing Agreement (collectively, the “Pari Passu Indemnified Items”)
to the extent of the Trust’s pro rata share (such pro rata share and the pro rata share of

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the holder(s) of the related Outside Serviced
Companion Loan(s) to be determined based on the respective principal balances of such Outside Serviced Mortgage Loan and the related Outside
Serviced Companion Loan(s)) of such Pari Passu Indemnified Items, and to the extent amounts on deposit in the “Serviced Whole Loan
Collection Account”, “Serviced Pari Passu Companion Loan Custodial Account”, “Whole Loan Custodial Account”
or “Whole Loan Custodial Account” (as each such term or any analogous term is defined in the applicable Outside Servicing
Agreement), as applicable, maintained pursuant to the related Outside Servicing Agreement that are allocated to the Outside Serviced Mortgage
Loan are insufficient for reimbursement of such amounts, such Indemnified Party shall be entitled to be reimbursed by the Trust (including
out of general collections in the Collection Account) for the Trust’s pro rata share of the insufficiency;

(iii)            To the extent not otherwise expressly included herein, any provisions required to be included herein pursuant to any Co-Lender
Agreement for an Outside Serviced Whole Loan are deemed incorporated herein by reference, and the parties hereto shall comply with those
provisions as if set forth herein in full. In the event of any inconsistency between the provisions of this Agreement and any Outside
Serviced Co-Lender Agreement, such Outside Serviced Co-Lender Agreement shall prevail, provided that in no event shall the Master
Servicer or the Special Servicer, as the case may be, take any action or omit to take any action in accordance with the terms of any Outside
Serviced Co-Lender Agreement, that would cause the Master Servicer or the Special Servicer, as the case may be, to violate the Servicing
Standard or REMIC Provisions; and

(iv)      
each Outside Servicer, each Outside Special Servicer, each Outside Certificate Administrator, each Outside Trustee, each Outside
Operating Advisor and each Outside Securitization Trust shall be third party beneficiaries of this Section 3.01(j).

(k)              
To the extent required under any Loan Documents, the Master Servicer shall, on behalf of the related lender, maintain a Note register
for the related Mortgage Loan in accordance with such Loan Documents.

(l)                
In order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including those relating to the funding of terrorist activities and money laundering (for the purposes of this clause (l), “Applicable
Laws”), the Master Servicer may be required to obtain, verify and record certain information relating to individuals and entities
which maintain a business relationship with the Master Servicer. Accordingly, each of the parties hereto agrees to provide to the Master
Servicer, upon its reasonable request, from time to time such identifying information and documentation as may be readily available to
such party in order to enable the Master Servicer to comply with Applicable Laws; provided that the Master Servicer shall be responsible
for all reasonable actual out-of-pocket expenses incurred by such party in connection therewith.

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Section 3.02          Liability
of the Master Servicer and the Special Servicer. Notwithstanding any Sub-Servicing Agreement or primary servicing agreement,
any of the provisions of this Agreement relating to agreements or arrangements between the Master Servicer or the Special Servicer, as
applicable, and any Person acting as Sub-Servicer (or its agents or subcontractors) or any reference to actions taken through any
Person acting as Sub-Servicer or otherwise, the Master Servicer or the Special Servicer, as applicable, shall remain obligated and
primarily liable to the Trustee, the Certificate Administrator, the Certificateholders, the Uncertificated VRR Interest Owner and any
Serviced Companion Loan Holder for the servicing and administering of the Mortgage Loans (other than the Outside Serviced Mortgage Loans)
and the Serviced Companion Loan(s) in accordance with the provisions of this Agreement without diminution of such obligation or liability
by virtue of such Sub-Servicing Agreements, primary servicing agreements or arrangements or by virtue of indemnification from any
Person acting as Sub-Servicer (or its agents or subcontractors) to the same extent and under the same terms and conditions as if
the Master Servicer or the Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans (other than the
Outside Serviced Mortgage Loans) and the Serviced Companion Loans. The Master Servicer or the Special Servicer, as applicable, shall
be entitled to enter into an agreement with any Sub-Servicer providing for indemnification of the Master Servicer or the Special
Servicer, as applicable, by such Sub-Servicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification,
but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Section 3.03          
Collection of Certain Mortgage Loan Payments.

(a)              
The Master Servicer (with respect to Performing Serviced Loans) or the Special Servicer (with respect to Specially Serviced
Loans), as applicable, shall use reasonable efforts in accordance with the Servicing Standard to collect all payments called for under
the terms and provisions of the Serviced Loans it is obligated to service hereunder, and shall follow the Servicing Standard with respect
to such collection procedures; provided that, with respect to any ARD Mortgage Loan, so long as the related Mortgagor is in compliance
with each provision of the related Loan Documents, the Master Servicer and the Special Servicer shall not take any enforcement action
with respect to the failure of the related Mortgagor to make any payment of Excess Interest, other than requests for collection, until
the Maturity Date of any ARD Mortgage Loan or until the outstanding principal balance of such ARD Mortgage Loan (exclusive of any portion
representing accrued Excess Interest) has been paid in full); provided, further, that, with respect to any ARD Mortgage
Loan, the Master Servicer or Special Servicer, as the case may be, may take action to enforce the Trust Fund’s right to apply excess
cash flow to principal in accordance with the terms of the Loan Documents. For clarification, no obligation of the Master Servicer or
the Special Servicer to use reasonable efforts to collect fees from the related Mortgagor will change the obligation of the Master Servicer
to pay such fees from general collections or other proceeds in accordance with Section 3.06(a) and Section 3.06A(a)
of this Agreement, whether or not such Special Servicing Fees, Workout Fees or Liquidation Fees are collected from or paid by the related
Mortgagor. The Master Servicer, with respect to the Performing Serviced Loans, and the Special Servicer, with respect to the Specially
Serviced Loans, shall use its reasonable efforts to collect income statements, rent rolls and other reporting information from Mortgagors
(as required under the related Loan Documents). Consistent with the foregoing, the Master

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Servicer (with respect to Performing
Serviced Loans) or Special Servicer (with respect to Specially Serviced Loans), as applicable, may in its discretion waive any Penalty
Charges in connection with any delinquent Monthly Payment with respect to any Mortgage Loan (other than an Outside Serviced Mortgage Loan)
or Serviced Companion Loan. In addition, the Master Servicer shall be entitled to take such actions with respect to the collection of
payments on the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Serviced Companion Loan as are permitted or required
under Section 3.21 of this Agreement. Furthermore, with respect to any Mortgage Loan (other than an Outside Serviced Mortgage
Loan), if the related Loan Documents provide for the annual or quarterly testing of financial conditions of the related Mortgagor and/or
Mortgaged Properties (e.g., debt yield tests, debt service coverage ratio tests and/or loan-to-value ratio tests) in connection
with cash-management triggers or the commencement of additional required escrow payments, the Master Servicer (with respect to Performing
Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans), as applicable (only to the extent the related information
required for such testing is to be delivered to the Master Servicer and/or the Special Servicer, as applicable, pursuant to the related
Loan Documents and is actually delivered to the Master Servicer and/or the Special Servicer, as applicable), shall use reasonable efforts
to conduct such financial testing within the timeframes contemplated by such Loan Documents, if any. Furthermore, in accordance with this
Section 3.03(a), with respect to any Mortgage Loan (other than an Outside Serviced Mortgage Loan), the Master Servicer (with
respect to Performing Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans), as applicable, shall use reasonable
efforts to collect financial statements from the related Mortgagor for the periods set forth in the related Loan Documents (e.g., and
as applicable, for the entire fiscal year where annual reporting is required).

(b)              
If the Master Servicer receives Excess Interest directly from the related Mortgagor or through the Special Servicer, which Excess
Interest was collected during the Collection Period for any Distribution Date, or receives notice from the related Mortgagor that the
Master Servicer will be receiving Excess Interest during the Collection Period for any Distribution Date, then the Master Servicer shall
notify the Certificate Administrator no later than two Business Days prior to such Distribution Date by means of a clearly labeled item
in the CREFC® Loan Periodic Update File. None of the Master Servicer, the Special Servicer, the Certificate Administrator
or the Trustee shall be responsible for any failure of the related Mortgagor to pay any such Excess Interest. The preceding statements
shall not, however, be construed to limit the provisions of Section 3.03(a) of this Agreement.

(c)              
With respect to each Outside Serviced Mortgage Loan, the Certificate Administrator shall deliver to the related Outside Trustee,
the related Outside Certificate Administrator, the related Outside Special Servicer, the related Outside Servicer and the related Outside
Operating Advisor promptly following the Closing Date (or, in the case of each Servicing Shift Mortgage Loan, promptly upon the related
Servicing Shift Date), written notice in the form of Exhibit FF-1, Exhibit FF-2, Exhibit FF-3,
Exhibit FF-4 or Exhibit FF-5 attached hereto, as applicable, stating that, as of the Closing Date (or
the related Servicing Shift Date, as applicable), the Trustee is the holder of such Outside Serviced Mortgage Loan and directing each
such recipient to remit to the Master Servicer

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all amounts payable to, and to forward,
deliver or otherwise make available, as the case may be, to the Master Servicer all reports, statements, documents, communications and
other information that are to be forwarded, delivered or otherwise made available to, the holder of such Outside Serviced Mortgage Loan
under the related Co-Lender Agreement and the applicable Outside Servicing Agreement (which notice shall also provide contact information
for the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer and each party designated to exercise the rights
of the “Non-Controlling Note Holder” under the related Co-Lender Agreement), accompanied by a copy of an executed
version of this Agreement, and (B) notice of any subsequent change in the identity of the Master Servicer or any party designated
to exercise the rights of the “Non-Controlling Note Holder” under the related Co-Lender Agreement (together with the
relevant contact information). Upon request of the Certificate Administrator, the Master Servicer shall provide its wire instructions
for inclusion in the written notices referred to in the previous sentence. The Master Servicer shall, within one (1) Business Day of receipt
of properly identified funds, deposit into the Collection Account all amounts received with respect to each Outside Serviced Mortgage
Loan, the Mortgaged Property related to each Outside Serviced Mortgage Loan or any related REO Property; provided, however,
that to the extent any such amounts are received after 2:00 p.m. Eastern time on any given Business Day, the Master Servicer shall
use commercially reasonable efforts to deposit such amounts into the Collection Account within one (1) Business Day of receipt of such
amounts but, in any event, the Master Servicer shall deposit such amounts into the Collection Account within two (2) Business Days of
receipt of such amounts.

(d)              
With respect to each Outside Serviced Mortgage Loan, if the Master Servicer does not receive from the related Outside Servicer
any Monthly Payment or other amounts known by the Master Servicer to be owing on such Outside Serviced Mortgage Loan in accordance with
the terms of the applicable Outside Servicing Agreement and/or the related Co-Lender Agreement, then the Master Servicer shall provide
notice of such failure to the related Outside Servicer and the related Outside Trustee.

Section 3.04          
Collection of Taxes, Assessments and Similar Items; Escrow Accounts.

(a)              
With respect to each Mortgaged Property securing a Serviced Loan, the Master Servicer shall maintain accurate records with respect
to each related Mortgaged Property reflecting the status of taxes, assessments, ground rents and other similar items that are or may become
a lien on the related Mortgaged Property and the status of insurance premiums payable with respect thereto. From time to time, to the
extent such payments are to be made from escrowed funds, the Master Servicer shall (i) obtain all bills for the payment of such items
(including renewal premiums), and (ii) effect payment of all such bills with respect to such Mortgaged Properties prior to the applicable
penalty or termination date, in each case employing for such purpose Escrow Payments as allowed under the terms of the related Serviced
Loan. With respect to non-escrowed payments, when the Master Servicer becomes aware in accordance with the Servicing Standard that
a Mortgagor (other than with respect to the Outside Serviced Mortgage Loan) has failed to make any such payment or, with respect
to escrowed loans, collections from the Mortgagor are insufficient to pay any such item before the applicable penalty or termination date,
the

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Master Servicer shall advance the amount
of any shortfall as a Property Advance unless the Master Servicer determines in accordance with the Servicing Standard that such Advance
would be a Nonrecoverable Advance. Notwithstanding anything in this Agreement to the contrary, the Master Servicer may in accordance with
the Servicing Standard elect (but is not required) to make (and in the case of a Specially Serviced Loan, at the direction of the Special
Servicer will be required to make) a payment from amounts on deposit in the Collection Account that would otherwise be a Property Advance
with respect to a Serviced Trust Loan notwithstanding that the Master Servicer or the Special Servicer has determined that such a Property
Advance would, if advanced, be a Nonrecoverable Property Advance, if making the payment (x) would prevent (i) the related Mortgaged
Property from being uninsured or being sold at a tax sale or (ii) any event that would cause a loss of the priority of the lien of
the related Mortgage, or the loss of any security for the related Trust Loan, or (y) would remediate any adverse environmental condition
or circumstance at the related Mortgaged Property, if, in each instance, the Master Servicer or the Special Servicer, as applicable, determines
in accordance with the Servicing Standard that making the payment is in the best interest of the Certificateholders, the Uncertificated
VRR Interest Owner and any related Serviced Companion Loan Holder(s) (as a collective whole as if the Certificateholders, the Uncertificated
VRR Interest Owner and such Serviced Companion Loan Holder(s) constituted a single lender (and, in the case of a Serviced AB Whole Loan,
taking into account the subordinate nature of the related Subordinate Companion Loan(s))). If the Special Servicer makes such a determination,
it shall notify the Master Servicer and the Master Servicer shall make such payment from the Collection Account. No costs incurred by
the Master Servicer in effecting the payment of taxes and assessments on the Mortgaged Properties shall, for the purpose of calculating
distributions to Certificateholders and the Uncertificated VRR Interest Owner, be added to the amount owing under the related Trust Loans,
notwithstanding that the terms of such Trust Loans so permit.

(b)              
The Master Servicer shall segregate and hold all funds collected and received pursuant to any Mortgage Loan or Serviced Whole Loan
constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more
segregated custodial accounts (each, an “Escrow Account”) into which all Escrow Payments shall be deposited within
two (2) Business Days after receipt of properly identified funds. The Master Servicer shall also deposit into each applicable Escrow Account
any amounts representing losses on Permitted Investments to the extent required by Section 3.07(b) of this Agreement and any
Insurance Proceeds or Condemnation Proceeds which are required to be applied to the restoration or repair of any Mortgaged Property pursuant
to the related Loan Documents. Escrow Accounts shall be Eligible Accounts (except to the extent the related Loan Documents require or
permit it to be held in an account that is not an Eligible Account) in accordance with the terms of the related Loan Documents) and (subject
to any changes in the identities of the Master Servicer and/or the Trustee) shall be entitled, “Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, on behalf of Wilmington Trust, National Association, as Trustee for the benefit
of the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series
2022-GC48, the Uncertificated VRR Interest Owner, the Serviced Companion Loan

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Holders, and Various Mortgagors.”
Withdrawals from an Escrow Account may be made by the Master Servicer only:

(i)        
to effect timely payments of items constituting Escrow Payments for the related Loan Documents and in accordance with the terms
of the related Mortgage Loan or Serviced Whole Loan, as applicable;

(ii)       
to transfer funds to the Collection Account and/or the applicable Whole Loan Custodial Account to reimburse the Master Servicer,
the Special Servicer or the Trustee, as applicable, for any Property Advance (with interest thereon at the Advance Rate) relating to
Escrow Payments, but only from amounts received with respect to the related Mortgage Loan or Serviced Whole Loan, as applicable, which
represent late collections of Escrow Payments thereunder;

(iii)      
for application to the restoration or repair of the related Mortgaged Property in accordance with the related Mortgage Loan or
Serviced Whole Loan, as applicable, and the Servicing Standard;

(iv)      
to clear and terminate such Escrow Account upon the termination of this Agreement;

(v)      
to pay from time to time to the related Mortgagor (a) any interest or investment income earned on funds deposited in the
Escrow Account if such income is required to be paid to the related Mortgagor under law or by the terms of the Mortgage Loan or Serviced
Whole Loan, as applicable, or otherwise to the Master Servicer and (b) any other funds required to be released to the related
Mortgagors pursuant to the related Loan Documents; and

(vi)      
to remove any funds deposited in an Escrow Account that were not required to be deposited therein.

(c)              
In the event any Loan Documents permit the lender, at the discretion of the lender, to use letters of credit and/or cash reserves
to prepay the related Trust Loan prior to the Maturity Date and in the absence of an event of default or acceleration of the Trust Loan,
then the Master Servicer shall hold such amounts in an Escrow Account for so long as the Loan Documents permit such discretion.

(d)              
Unless required by the related Loan Documents, neither the Master Servicer nor the Special Servicer shall apply any earnout escrows
or reserves established with respect to any Trust Loan as a prepayment of such Trust Loan if no event of default has occurred under such
Trust Loan.

(e)              
To the extent that (i) an operations and maintenance plan is required to be established and executed pursuant to the terms
of a Serviced Loan, or (ii) any repairs, capital improvements, actions or remediations are required to have been taken or completed
pursuant to the terms of the Serviced Loan, the Master Servicer shall determine in accordance with the Servicing Standard (which determination
may be made on the basis of inquiry to the Mortgagor and this sentence shall in no event be construed to require a

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physical inspection other than inspections
described in Section 3.18 of this Agreement; provided that all deliveries required to be made to Master Servicer under
the related Loan Documents of supporting documentation have been made; then the Master Servicer shall report the then current status as
a failure) whether the related Mortgagor has failed to perform such obligations under the related Mortgage Loan or Serviced Whole Loan
as of the date required under the related Mortgage Loan or Serviced Whole Loan and report any such failure to the Special Servicer, the
Serviced Companion Loan Holders and, prior to the occurrence and continuance of a Consultation Termination Event, the Controlling Class Representative
within a reasonable time after the date as of which such actions or remediations are required to be or to have been taken or completed.

Section 3.05          
Collection Account; Distribution Accounts; and Excess Liquidation Proceeds Reserve Account; and Excess Interest Distribution
Account.

(a)              
The Master Servicer shall establish and maintain the Collection Account in the Master Servicer’s name on behalf of the Trustee,
for the benefit of the Certificateholders, the Uncertificated VRR Interest Owner, any related Loan-Specific Certificateholders and the
Trustee as the Holder of the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests. The Collection
Account shall be established and maintained as an Eligible Account. Amounts attributable to the Mortgage Loans (other than the Excess
Interest) will be assets of the Lower-Tier REMIC. As and when required under this Agreement, the Master Servicer shall transfer to the
Collection Account any amounts to be transferred thereto from a Whole Loan Custodial Account as contemplated by Section 3.06A(a)(i)
of this Agreement, and the Master Servicer shall deposit in the Collection Account any amounts required to be deposited therein pursuant
to Section 3.07(b) of this Agreement in connection with net losses realized on Permitted Investments with respect to funds
held in the Collection Account. In addition, the Master Servicer shall deposit or cause to be deposited in the Collection Account, within
one (1) Business Day following receipt of properly identified funds, (x) all Net Liquidation Proceeds received on or with respect
to a Trust Loan related to a Serviced Whole Loan in connection with any of the events described in clauses (iii) and (iv) of the
definition of “Liquidation Event” in this Agreement, and (y) without duplication, the following payments and collections
received or made by it on or with respect to the Mortgage Loans (other than any Mortgage Loan related to a Serviced Whole Loan):

(i)        
all payments on account of principal on such Mortgage Loans, including Principal Prepayments and the principal component of Insurance
Proceeds, Condemnation Proceeds and Liquidation Proceeds;

(ii)           
all payments on account of interest on such Mortgage Loans (including Excess Interest);

(iii)        
all Yield Maintenance Charges on such Mortgage Loans;

(iv)      
all amounts with respect to any related REO Property transferred to the Collection Account, or to the Master Servicer for deposit
in the Collection Account, from an REO Account pursuant to Section 3.16(b) of this Agreement;

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(v)        
 all Net Insurance Proceeds, Net Condemnation and Net Liquidation Proceeds with respect to such Mortgage Loans;

(vi)       
any amounts received from Mortgagors under such Mortgage Loans that represent (A) recoveries of Property Protection Expenses,
(B) any recovery of Unliquidated Advances with respect to such Mortgage Loans, or (C) any other reimbursements in accordance with
the related Loan Documents, in each case to the extent not permitted to be retained by the Master Servicer as provided herein;

(vii)      
any Loss of Value Payments, as set forth in Section 3.06(c) of this Agreement; and

(viii) 
   any other amounts required by the provisions of this Agreement to be deposited into the Collection Account by the Master Servicer
or Special Servicer, including pursuant to Section 2.03 and Section 3.03(c) of this Agreement; provided,
however, that to the extent any amounts referred to in clauses (x) or (y) above of this Section 3.05(a)
are received after 2:00 p.m. Eastern time on any given Business Day, the Master Servicer shall use commercially reasonable
efforts to deposit such amounts into the Collection Account within one (1) Business Day of receipt thereof but, in any event, the Master
Servicer shall deposit such amounts into the Collection Account within two (2) Business Days of receipt thereof.

The foregoing requirements
for deposits in the Collection Account shall be exclusive, it being understood and agreed that, without limiting the generality of the
foregoing, to the extent provided herein, Ancillary Fees, Consent Fees, Assumption Fees, assumption application fees, defeasance fees,
review fees and other amounts that constitute other Additional Servicing Compensation or other Additional Special Servicing Compensation
need not be deposited in the Collection Account by the Master Servicer or the Special Servicer, as applicable, and, to the extent permitted
by applicable law, the Master Servicer or the Special Servicer, as applicable, shall be entitled to retain any such Ancillary Fees, Consent
Fees, Assumption Fees, assumption application fees, defeasance fees, review fees and/or amounts that constitute other Additional Servicing
Compensation or other Additional Special Servicing Compensation received with respect to such Mortgage Loans in accordance with Section 3.12
of this Agreement; provided that if the Master Servicer or the Special Servicer, as applicable, receives any such Ancillary Fees, Consent
Fees, Assumption Fees, assumption application fees, defeasance fees and/or amounts that constitute other Additional Servicing Compensation
or other Additional Special Servicing Compensation in excess of the percentage of such fees to which it is entitled pursuant to Section 3.12(a)
(in the case of the Master Servicer) or Section 3.12(c) (in the case of the Special Servicer), then it shall remit to the
other party (i.e. the Special Servicer (if Master Servicer has received the excess percentage of such fees) or the Master Servicer (if
Special Servicer has received the excess percentage of such fees), as applicable) the percentage of such fees to which such other party
is entitled pursuant to Section 3.12(a) or Section 3.12(c), as applicable. To the extent that any Penalty Charges
or Modification Fees received by the Master Servicer or the Special Servicer, as applicable, with respect to any Mortgage Loan constitute
servicing compensation pursuant to Section 3.14(a)(iv) of this Agreement, the Master Servicer and the Special Servicer shall
not deposit such fees into the Collection Account and shall instead apply such fees in accordance with Section 3.14(a)(iv)
of this Agreement. In the event that the Master

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Servicer deposits in the Collection Account
any amount not required to be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein
to the contrary notwithstanding. The Master Servicer shall give written notice to the Certificate Administrator and the Special Servicer
of the location and account number of the Collection Account and shall notify the Certificate Administrator and the Special Servicer in
writing of any subsequent change thereof.

Upon receipt of any of the
amounts described in clauses (i) through (vi) and (viii) of the last sentence of the second preceding paragraph with respect to a
Mortgage Loan (other than a Mortgage Loan related to a Serviced Whole Loan), the Special Servicer shall promptly, but in no event later
than one (1) Business Day after receipt of properly identified funds, remit such amounts to the Master Servicer for deposit into the Collection
Account in accordance with the second preceding paragraph, unless the Special Servicer determines, consistent with the Servicing Standard,
that a particular item should not be deposited because of a restrictive endorsement or other appropriate reason; provided, however,
that to the extent any amounts described in clauses (i) through (vi) and (viii) of the last sentence of the second preceding paragraph
are received after 2:00 p.m. Eastern time on any given Business Day, the Special Servicer shall use commercially reasonable efforts to
remit such amounts to the Master Servicer within one (1) Business Day of receipt of properly identified funds but, in any event, the Special
Servicer shall remit such amounts to the Master Servicer within two (2) Business Days of receipt of properly identified funds. With respect
to any such amounts paid by check to the order of the Special Servicer, the Special Servicer shall endorse such check to the order of
the Master Servicer, unless the Special Servicer determines, consistent with the Servicing Standard, that a particular item cannot be
so endorsed and delivered because of a restrictive endorsement or other appropriate reason. Any such amounts received by the Special Servicer
with respect to an REO Property that relates to any Mortgage Loan (other than a Mortgage Loan related to a Serviced Whole Loan) shall
initially be deposited by the Special Servicer into the related REO Account (or, at the option of the Special Servicer, remitted by the
applicable property manager directly to the Master Servicer) and thereafter remitted to the Master Servicer for deposit into the Collection
Account, all in accordance with Section 3.16 of this Agreement.

(b)              
The Certificate Administrator shall establish and maintain the Lower-Tier REMIC Distribution Account and the Upper-Tier
REMIC Distribution Account in the name of the Certificate Administrator on behalf of the Trustee, for the benefit of the Certificateholders
and the Uncertificated VRR Interest Owner. The Certificate Administrator shall establish and maintain the Trust Subordinate Companion
Loan REMIC Distribution Account in the name of the Certificate Administrator on behalf of the Trustee, for the benefit of the Holders
of the Loan-Specific Certificates. Each of the foregoing accounts shall be non-interest bearing and shall be established and maintained
as Eligible Accounts or as sub-accounts of a single Eligible Account. With respect to each Distribution Date, on or before such Distribution
Date, the Certificate Administrator shall be deemed to make or shall make the withdrawals from the Lower-Tier REMIC Distribution Account
and the Trust Subordinate Companion Loan REMIC Distribution Account as set forth in Section 4.01 of this Agreement, shall
be deemed to make the deposits into the Lower-Tier REMIC Distribution Account, the Upper-Tier REMIC Distribution Account and the
Trust Subordinate Companion Loan REMIC Distribution Account as set forth in Section 4.01 hereof, and shall cause the Available
Funds (including

    	 	- 230 -	 

     

    

P&I Advances) and Yield Maintenance
Charges to be distributed in respect of the applicable Certificates and Uncertificated VRR Interest, pursuant to Section 4.01
hereof on such date.

(c)              
The Certificate Administrator shall establish (upon receipt of written notice that an event that generates Excess Liquidation Proceeds
has occurred) and maintain the Excess Liquidation Proceeds Reserve Account in the name of the Certificate Administrator on behalf of the
Trustee for the benefit of the Certificateholders and the Uncertificated VRR Interest Owner. The Excess Liquidation Proceeds Reserve Account
shall be non-interest bearing and shall be maintained separate and apart from trust funds for mortgage pass-through certificates
of other series administered by the Certificate Administrator and other accounts of the Certificate Administrator.

Upon the disposition of any
REO Property in accordance with Section 3.17 of this Agreement, the Special Servicer shall calculate the Excess Liquidation Proceeds,
if any, realized in connection with such sale. The Special Servicer shall withdraw from each applicable REO Account and remit to the Master
Servicer for deposit into the Collection Account on a monthly basis prior to the related Master Servicer Remittance Date the Excess Liquidation
Proceeds received or collected from each REO Property during the related Collection Period, along with a notation of the amount of such
Excess Liquidation Proceeds in the CREFC® REO Liquidation Report. On the related Master Servicer Remittance Date, the Master
Servicer shall remit the Excess Liquidation Proceeds received from the Special Servicer pursuant to the immediately preceding sentence
to the Certificate Administrator for deposit in the Excess Liquidation Proceeds Reserve Account. Amounts held in the Excess Liquidation
Proceeds Reserve Account on each Distribution Date that exceed amounts reasonably anticipated to be required to offset possible future
Realized Losses and other shortfalls in payments on the Regular Certificates and the Uncertificated VRR Interest, as determined by the
Special Servicer, and all amounts held in the Excess Liquidation Proceeds Reserve Account on the final Distribution Date, in each case
after application in accordance with the first two sentences of Section 4.01(e) of this Agreement, shall be distributed to the
Holders of the Class R Certificates in respect of the Lower-Tier Residual Interest.

(d)              
Prior to the Master Servicer Remittance Date immediately following the end of the first Collection Period during which Excess Interest
is received on any ARD Mortgage Loan, and upon notification from the Master Servicer pursuant to Section 3.03(b) of this Agreement,
the Certificate Administrator shall establish and maintain the Excess Interest Distribution Account in the name of the Certificate Administrator
on behalf of the Trustee, for the benefit of the Holders of the Excess Interest Certificates and the Uncertificated VRR Interest Owner.
The Excess Interest Distribution Account shall be non-interest bearing and shall be established and maintained as an Eligible Account
(or as a subaccount of an Eligible Account). With respect to each Distribution Date, the Master Servicer shall withdraw from the Collection
Account and remit to the Certificate Administrator on the applicable Master Servicer Remittance Date for deposit in the Excess Interest
Distribution Account an amount equal to the Excess Interest received during the applicable Collection Period.

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The Certificate Administrator
shall, on any Distribution Date, make withdrawals from the Excess Interest Distribution Account to the extent required to make the distributions
of Excess Interest required by Section 4.01(k) of this Agreement.

Following the distribution
of Excess Interest to the Holders of the Excess Interest Certificates and the Uncertificated VRR Interest Owner on the first Distribution
Date after which there are no longer any ARD Mortgage Loans outstanding, the Certificate Administrator may terminate the Excess Interest
Distribution Account.

(e)              
Notwithstanding anything to the contrary herein, the Lower-Tier REMIC Distribution Account, the Upper-Tier REMIC Distribution
Account, the Trust Subordinate Companion Loan REMIC Distribution Account, the Excess Interest Distribution Account, the Excess Liquidation
Proceeds Reserve Account and the Interest Reserve Account may all be sub-accounts of a single Eligible Account; provided that each
of them shall be treated as a separate account for purposes of deposits and withdrawals under this Agreement.

(f)               
If any Loss of Value Payments are received in connection with a Material Document Defect or Material Breach, as the case may be,
pursuant to or as contemplated by Section 2.03(a) of this Agreement, the Special Servicer shall establish and maintain one
or more accounts (collectively, the “Loss of Value Reserve Fund”) to be held on behalf of the Trustee for the benefit
of the Certificateholders and the Uncertificated VRR Interest Owner, for purposes of holding such Loss of Value Payments. Each account
that constitutes the Loss of Value Reserve Fund shall be an Eligible Account or a sub-account of an Eligible Account. The Special
Servicer shall, upon receipt, deposit in the Loss of Value Reserve Fund all Loss of Value Payments received by it. The Loss of Value Reserve
Fund shall be accounted for as an outside reserve fund within the meaning of Treasury Regulations Section 1.860G-2(h) and not
an asset of any Trust REMIC. Furthermore, for all federal tax purposes, the Certificate Administrator shall (i) treat amounts paid out
of the Loss of Value Reserve Fund (and any income earned thereon) through the Collection Account to the Certificateholders and the Uncertificated
VRR Interest Owner (or, in the case of any income earned on the Loss of Value Reserve Fund and paid to the Special Servicer as additional
compensation) as damages paid to and distributed by the Trust REMICs on account of a breach of a representation or warranty by the related
Mortgage Loan Seller and (ii) treat any amounts paid out of the Loss of Value Reserve Fund through the Collection Account to a Mortgage
Loan Seller as distributions by the Trust Fund to such Mortgage Loan Seller as beneficial owner of the Loss of Value Reserve Fund. The
applicable Mortgage Loan Seller will be the beneficial owner of the related account in the Loss of Value Reserve Fund for all federal
income tax purposes, and shall be taxable on all income earned thereon.

(g)              
For the avoidance of doubt, the Lower-Tier REMIC Distribution Account, the Excess Liquidation Proceeds Reserve Account, and
the related portion of the Interest Reserve Account (including interest, if any, earned on the investment of funds in such accounts) will
be owned by the Lower-Tier REMIC, the Excess Interest Distribution Account will be owned by the Grantor Trust, the Upper-Tier
REMIC Distribution Account (including interest, if any, earned on the investment of funds in such account) will be owned by the Upper-Tier
REMIC, and the Trust Subordinate Companion Loan REMIC Distribution

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Account and the related portion of the
Interest Reserve Account (including interest, if any, earned on the investment of funds in such accounts) will be owned by the Trust Subordinate
Companion Loan REMIC, each for federal income tax purposes.

Section 3.05AWhole
Loan Custodial Account.

(a)              
The Master Servicer shall establish and maintain, with respect to each Serviced Whole Loan (if any), one or more separate accounts,
which may be sub-accounts of a single account (with respect to each Serviced Whole Loan, the “Whole Loan Custodial Account”)
in which the amounts described in clauses (i) through (viii) below shall be deposited and held in the name of the Master Servicer
on behalf of the Trustee for the benefit of the Certificateholders, the Uncertificated VRR Interest Owner and the related Serviced Companion
Loan Holder(s), as their interests may appear; provided that a Whole Loan Custodial Account may be a sub-account of the Collection
Account or another Whole Loan Custodial Account (but shall be deemed to be a separate account for purposes of applying the terms of this
Agreement). Each of the Whole Loan Custodial Accounts shall be an Eligible Account or a subaccount of an Eligible Account. The Master
Servicer shall deposit or cause to be deposited in each Whole Loan Custodial Account, within one Business Day following receipt of properly
identified funds (or, in the case of payments by the Master Servicer, when otherwise required to be so deposited under this Agreement),
the following payments and collections received or made by it on or with respect to the related Serviced Whole Loan:

(i)          
all payments on account of principal on the related Serviced Whole Loan, including Principal Prepayments and the principal component
of Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds;

(ii)        
all payments on account of interest on the related Serviced Whole Loan;

(iii)       
all Yield Maintenance Charges on the related Serviced Whole Loan;

(iv)     
any amounts required to be deposited pursuant to Section 3.07(b) of this Agreement in connection with net losses
realized on Permitted Investments with respect to funds held in such Whole Loan Custodial Account;

(v)       
all amounts with respect to any REO Property acquired in respect of the related Serviced Whole Loan transferred to such Whole
Loan Custodial Account, or the Master Servicer for deposit in such Whole Loan Custodial Account, from the related REO Account pursuant
to Section 3.16(b) of this Agreement;

(vi)      
all Net Condemnation Proceeds, Net Insurance Proceeds and Net Liquidation Proceeds with respect to the related Serviced Whole
Loan (other than any Net Liquidation Proceeds received on or in respect of the related Trust Loan in connection with any of the events
described in clauses (iii) and (iv) of the definition of “Liquidation Event” in this Agreement);

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(vii)    any amounts received from the Mortgagor under the related Serviced Whole Loan that represent (A) recoveries of Property Protection
Expenses, or (B) any other reimbursements in accordance with the related Loan Documents, in each case to the extent not permitted to be
retained by the Master Servicer as provided herein; and

(viii)   
any other amounts required by the provisions of this Agreement to be deposited into such Whole Loan Custodial Account by the Master
Servicer or Special Servicer, including any recovery of any Unliquidated Advances;

provided, however, that to the
extent any such amounts are received after 2:00 p.m. Eastern time on any given Business Day, the Master Servicer shall use commercially
reasonable efforts to deposit such amounts into the related Whole Loan Custodial Account within one (1) Business Day of receipt
thereof but, in any event, the Master Servicer shall deposit such amounts into the related Whole Loan Custodial Account within two (2)
Business Days of receipt thereof.

(b)              
The foregoing requirements for deposits in each Whole Loan Custodial Account shall be exclusive, it being understood and agreed
that, without limiting the generality of the foregoing, to the extent provided herein, Ancillary Fees, Consent Fees, Assumption Fees,
assumption application fees, defeasance fees, review fees and other amounts that constitute other Additional Servicing Compensation or
other Additional Special Servicing Compensation need not be deposited in such Whole Loan Custodial Account by the Master Servicer or the
Special Servicer, as applicable, and, to the extent permitted by applicable law, the Master Servicer or the Special Servicer, as applicable,
shall be entitled to retain any such Ancillary Fees, Consent Fees, Assumption Fees, assumption application fees, defeasance fees, review
fees and/or other amounts that constitute other Additional Servicing Compensation or other Additional Special Servicing Compensation received
with respect to the Serviced Whole Loans in accordance with Section 3.12 of this Agreement; provided that if the Master Servicer
or the Special Servicer, as applicable, receives any such Ancillary Fees, Consent Fees, Assumption Fees, assumption application fees,
defeasance fees and/or amounts that constitute other Additional Servicing Compensation or other Additional Special Servicing Compensation
in excess of the percentage of such fees to which it is entitled pursuant to Section 3.12(a) (in the case of the Master Servicer)
or Section 3.12(c) (in the case of the Special Servicer), then it shall remit to the other party (i.e. the Special Servicer
(if Master Servicer has received the excess percentage of such fees) or the Master Servicer (if Special Servicer has received the excess
percentage of such fees), as applicable) the percentage of such fees to which such other party is entitled pursuant to Section 3.12(a)
or Section 3.12(c), as applicable. The Master Servicer and the Special Servicer shall not deposit any Modification Fees received
by the Master Servicer or the Special Servicer, as applicable, with respect to any Serviced Whole Loan into the related Whole Loan Custodial
Account and shall instead apply such fees (except to the extent not permitted under the related Co-Lender Agreement) in accordance
with Section 3.14 of this Agreement. In the event that the Master Servicer deposits in a Whole Loan Custodial Account any
amount not required to be deposited therein, it may at any time withdraw such amount from such Whole Loan Custodial Account, any provision
herein to the contrary notwithstanding. The Master Servicer shall give written notice to the Certificate Administrator, the related Serviced

    	 	- 234 -	 

     

    

Companion Loan Holders and the Special
Servicer of the location and account number of each Whole Loan Custodial Account and shall notify the Certificate Administrator, the related
Serviced Companion Loan Holder and the Special Servicer in writing of any subsequent change thereof. Each Whole Loan Custodial Account
shall be maintained as a segregated account (or sub-account of such segregated account), separate and apart from trust funds created
for mortgage backed securities of other series and the other accounts of the Master Servicer.

(c)              
Upon receipt of any of the amounts described in clauses (i) through (viii) of Section 3.05A(a) with
respect to a Serviced Whole Loan, the Special Servicer shall promptly, but in no event later than one (1) Business Day after receipt of
properly identified funds, remit such amounts to the Master Servicer for deposit into the Whole Loan Custodial Account in accordance with
Section 3.05A(a), unless the Special Servicer determines, consistent with the Servicing Standard, that a particular item should
not be deposited because of a restrictive endorsement or other appropriate reason; provided, however, that to the extent any amounts
described in clauses (i) through (vii) and (ix) of Section 3.05A(a) are received after 2:00 p.m. Eastern time
on any given Business Day, the Special Servicer shall use commercially reasonable efforts to remit such amounts to the Master Servicer
within one (1) Business Day of receipt of properly identified funds but, in any event, the Special Servicer shall remit such amounts to
the Master Servicer within two (2) Business Days of receipt of properly identified funds. With respect to any such amounts paid by check
to the order of the Special Servicer, the Special Servicer shall endorse such check to the order of the Master Servicer, unless the Special
Servicer determines, consistent with the Servicing Standard, that a particular item cannot be so endorsed and delivered because of a restrictive
endorsement or other appropriate reason. Any such amounts received by the Special Servicer with respect to an REO Property that relates
to a Serviced Whole Loan shall initially be deposited by the Special Servicer into the related REO Account (or, at the option of the Special
Servicer, remitted by the applicable property manager directly to the Master Servicer) and thereafter remitted to the Master Servicer
for deposit into the related Whole Loan Custodial Account, all in accordance with Section 3.17 of this Agreement.

Section 3.06          
Permitted Withdrawals From the Collection Account.

(a)              
The Master Servicer may make withdrawals from the Collection Account only as described below (the order set forth below not constituting
an order of priority for such withdrawals), subject to the application of Penalty Charges and Modification Fees in accordance with the
related Co-Lender Agreement and Section 3.14 of this Agreement:

(i)          
to remit on or before each Master Servicer Remittance Date to the Certificate Administrator for deposit in the Lower-Tier REMIC
Distribution Account in respect of the Mortgage Loans (or the Trust Subordinate Companion Loan REMIC Distribution Account in respect of
the Trust Subordinate Companion Loan), the Interest Reserve Account, the Excess Interest Distribution Account and the Excess Liquidation
Proceeds Reserve Account the amounts required to be deposited in such accounts pursuant to Sections 3.05(c), 3.05(d), 3.05(e),
3.23, 4.01(a)(i) and/or Section 4.06(a) of this Agreement, as applicable;

    	 	- 235 -	 

     

    

(ii)         
to pay or reimburse the Master Servicer, the Special Servicer or the Trustee, as applicable (A) for Advances made thereby
with respect to Mortgage Loans that are not part of a Serviced Whole Loan (other than Workout-Delayed Reimbursement Amounts) and
any related Advance Interest Amounts (provided that the Trustee shall have priority with respect to such payment or reimbursement
of any such Advances and any related Advance Interest Amounts), the Master Servicer’s right to reimburse any such Person pursuant
to this clause (ii)(A) being limited to late collections (including cure payments by related Serviced Companion Loan Holders)
of the particular item which was the subject of the related Advance, Penalty Charges, Net Condemnation Proceeds, Net REO Proceeds, Net
Insurance Proceeds and Net Liquidation Proceeds on or in respect of the particular Mortgage Loan or REO Property respecting which such
Advance was made, if applicable (provided that (x) prior to the time any Advance is reimbursed, Advance Interest Amounts
may be reimbursed solely from Penalty Charges and Modification Fees collected on the related Mortgage Loan, and (y) at the time
any Advance (other than Workout Delayed Reimbursement Amounts) is reimbursed, Advance Interest Amounts on such reimbursed Advance shall
be payable first from Penalty Charges and Modification Fees collected on the related Mortgage Loan, and, to the extent such Penalty Charges
and Modification Fees are insufficient, then from general collections on deposit in the Collection Account), (B) for Advances made
thereby with respect to Mortgage Loans or Trust Subordinate Companion Loan that are part of a Serviced Whole Loan and any related Advance
Interest Amounts (provided that the Trustee shall have priority with respect to such payment or reimbursement of any such Advances
and any related Advance Interest Amounts), the Master Servicer’s right to reimburse any such person pursuant to this clause (ii)(B)
being limited to Net Liquidation Proceeds on or in respect of the particular Mortgage Loan, Trust Subordinate Companion Loan or REO Property
respecting which such Advance was made, which Net Liquidation Proceeds were received in connection with any of the events described in
clauses (iii), (iv) and (vii) of the definition of “Liquidation Event”, (C) to the extent not reimbursed pursuant
to Section 3.14 of this Agreement, for Advances with respect to Mortgage Loans (or Property Advances (but not P&I
Advances) with respect to the Trust Subordinate Companion Loan) and any related Advance Interest Amounts (or portion thereof) that have
been deemed to be Nonrecoverable Advances or are not recovered from recoveries in respect of the related Mortgage Loan, Serviced Whole
Loan or REO Property after a Final Recovery Determination to the extent not recovered from the related Whole Loan Custodial Account and
Advance Interest Amounts thereon, first, out of the principal portion of general collections on the Mortgage Loans and REO Properties,
and second, to the extent the principal portion of general collections is insufficient and with respect to such excess only, subject
to any election in its sole discretion to defer reimbursement thereof pursuant to Section 3.27 of this Agreement, out of
other collections on the Mortgage Loans and REO Properties, and (D) for Workout-Delayed Reimbursement Amounts with respect to
Mortgage Loans and Advance Interest Amounts thereon, first, out of the principal portion of the general collections on the Mortgage
Loans and REO Properties, net of such amounts being reimbursed pursuant to clause (C) above, and

    	 	- 236 -	 

     

    

second, upon a determination by
the Master Servicer, the Special Servicer or the Trustee, as applicable, that a Workout-Delayed Reimbursement Amount is a Nonrecoverable
Advance, in the same manner as Nonrecoverable Advances may be reimbursed (provided that with respect to each Mortgage Loan or REO
Property that relates to a Serviced Whole Loan, such Workout-Delayed Reimbursement Amounts and Advance Interest Amounts thereon shall
first be reimbursed pursuant to Section 3.06A(a)(ii) of this Agreement and, if not reimbursed pursuant thereto, shall be paid
from the Collection Account as provided in this clause (ii)(D));

(iii)        
to pay on or before each Master Servicer Remittance Date to the Master Servicer (who shall pay the holder of the Excess Servicing
Fee Rights the portion of the Servicing Fee that represents Excess Servicing Fees in accordance with Section 3.12 of this
Agreement) and to the Special Servicer, as applicable, as compensation, the aggregate unpaid Servicing Fee with respect to Mortgage Loans
and Trust Subordinate Companion Loan (to the extent not otherwise required to be applied against Prepayment Interest Shortfalls) in respect
of the immediately preceding Interest Accrual Period, and Special Servicing Compensation (if any) in respect of the immediately preceding
Interest Accrual Period or Collection Period, as applicable, to be paid, in the case of the Servicing Fee, from interest received on the
related Mortgage Loan or Trust Subordinate Companion Loan, and to pay from time to time to the Master Servicer in accordance with Section 3.07(b)
of this Agreement any interest or investment income earned on funds deposited in the Collection Account and, in the case of the Special
Servicing Fee, from general collections; provided, however, that in the case of any Mortgage Loan or REO Mortgage Loan related
to a Serviced Whole Loan or related REO Whole Loan or the Trust Subordinate Companion Loan or related REO Companion Loan, (A) Servicing
Fees may be paid out of the Collection Account pursuant to this clause (iii) only from the interest portion of Net Liquidation Proceeds
on or in respect of such Mortgage Loan, REO Mortgage Loan, Trust Subordinate Companion Loan or REO Companion Loan, as applicable, which
Net Liquidation Proceeds were received in connection with any of the events described in clauses (iii), (iv) and (vii) of the definition
of “Liquidation Event” and (B) Special Servicing Compensation shall first be paid out of the related Whole Loan Custodial
Account pursuant to Section 3.06A(a)(iii) of this Agreement and may be paid out of the Collection Account pursuant to this
clause (iii) only if and to the extent that such Special Servicing Compensation has not been paid out of the related Whole Loan Custodial
Account pursuant to Section 3.06A(a)(iii) of this Agreement and, in the case of the Trust Subordinate Companion Loan or any
related REO Companion Loan, only out of related Net Liquidation Proceeds received in connection with any of the events described in clauses
(iii), (iv) and (vii) of the definition of “Liquidation Event”;

(iv)       
in accordance with Section 2.03 of this Agreement, to reimburse itself, the Trustee or the Special Servicer, out
of general collections on the Mortgage Loans and related REO Properties (including with respect to the Outside Serviced Mortgage Loans)
for any unreimbursed expense reasonably incurred by such Person in respect of any Material Defect giving rise to a repurchase or substitution

    	 	- 237 -	 

     

    

obligation of the applicable Mortgage Loan
Seller or any other obligation of the Mortgage Loan Seller under Section 6 of the applicable Mortgage Loan Purchase Agreement, including,
without limitation, any expenses arising out of the performance of its duties under Section 2.03 of this Agreement in connection
with such Material Defect or out of the enforcement of the repurchase or substitution obligation or any other obligation of the applicable
Mortgage Loan Seller under Section 6 of the applicable Mortgage Loan Purchase Agreement in connection with such Material Defect,
together with interest thereon at the Advance Rate from the time such expense was incurred to, but excluding, the date such expense was
reimbursed, but only to the extent that such expenses are not otherwise reimbursable, each such Person’s right to reimbursement
pursuant to this clause (iv) with respect to any Mortgage Loan being subject to the following: (a) if the Purchase Price is paid
for such Mortgage Loan, then such Person’s right to reimbursement shall be limited to that portion of the Purchase Price that represents
such expense in accordance with clause (f) of the definition of Purchase Price, or (b) if no Purchase Price is paid or if an amount
less than the Purchase Price is paid and proceedings are instituted to enforce the related Mortgage Loan Seller’s payment or performance
pursuant to the applicable Mortgage Loan Purchase Agreement or if a Loss of Value Payment is made, then such Person shall be entitled
to reimbursement from the Trust following the adjudication of such proceedings in favor of such Mortgage Loan Seller, settlement of the
Material Defect claim, or payment of such Loss of Value Payment, as the case may be;

(v)       
to pay out of general collections on the Mortgage Loans and related REO Properties, for costs and expenses incurred by the Trust
Fund with respect to the Mortgage Loans and related REO Properties pursuant to Sections 3.04 and 3.10(e) of this
Agreement and to pay Liquidation Expenses out of related Liquidation Proceeds pursuant to Section 3.11 of this Agreement
(provided that with respect to each Serviced Whole Loan, such expenses shall first be reimbursed pursuant to Section 3.06A(a)(iv)
of this Agreement to the extent related to such Serviced Whole Loan and if not reimbursed pursuant thereto, shall be paid from the
Collection Account as provided in this clause (v));

(vi)      
to the extent not reimbursed or paid pursuant to any other clause of this Section 3.06, to reimburse or pay the
Master Servicer, the Trustee, the Custodian, the Certificate Administrator, the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer, CREFC® or the Depositor, as applicable, for unpaid Additional Trust Fund Expenses (other than Advance Interest
Amounts), unpaid Trustee/Certificate Administrator Fees, unpaid Servicing Fees (but only if the related Mortgage Loan has been liquidated
or a Final Recovery Determination has been made with respect thereto), unpaid Special Servicing Compensation, unpaid Operating Advisor
Fees, unpaid Operating Advisor Consulting Fees (but only to the extent such Operating Advisor Consulting Fee is actually received from
the related Mortgagor), unpaid Asset Representations Reviewer Ongoing Fees and any unpaid Asset Representations Reviewer Asset Review
Fee (to the extent such fee is payable by the Trust), unpaid CREFC® Intellectual Property Royalty License Fees and other
unpaid items incurred by or

    	 	- 238 -	 

     

    

owing to such Person pursuant to Section 2.03(h)(vi),
Section 2.03(j)(viii), the second sentence of Section 3.07(c), Section 3.08(a), Section 3.08(b),
Section 3.10, Section 3.12(c), Section 3.16(a), Section 3.29(k), Section 6.03,
Section 7.04, Section 8.05(a), Section 8.05(b), Section 8.05(d), Section 11.02(a),
Section 11.02(b) or Section 12.07 of this Agreement, or any other provision of this Agreement pursuant to which
such Person is entitled to reimbursement or payment from the Trust Fund, in each case only to the extent expressly reimbursable under
such Section , it being acknowledged that this clause (vi) shall not be deemed to modify the substance of any such Section ,
including the provisions of such Section that set forth the extent to which one of the foregoing Persons is or is not entitled to
payment or reimbursement (provided that with respect to each Mortgage Loan that is part of a Serviced Whole Loan and the Trust
Subordinate Companion Loan, such expenses shall first be reimbursed pursuant to Section 3.06A(a)(v) of this Agreement to the
extent related to such Serviced Whole Loan and, if not reimbursed pursuant thereto, shall be paid from the Collection Account as provided
in this clause (vi), and provided, further, that fees and compensation to any party with respect to any Serviced Companion
Loan (or a successor REO Companion Loan) shall not be payable from the Collection Account pursuant to this clause (vi)) (except in
the case of the Trust Subordinate Companion Loan or successor REO Companion Loan, but only out of related Net Liquidation Proceeds received
in connection with any of the events described in clause (iii), (iv) and (vii) of the definition of “Liquidation Event”);

(vii)     
to transfer to the Certificate Administrator for deposit in one or more separate, non-interest bearing accounts any amount
reasonably determined by the Certificate Administrator to be necessary to pay any applicable federal, state or local taxes imposed on
any Trust REMIC under the circumstances and to the extent described in Section 4.05 of this Agreement;

(viii)    
to make such payments and reimbursements out of Penalty Charges and Modification Fees on deposit in the Collection Account as
are contemplated by Section 3.14 of this Agreement;

(ix)     
  to make such payments and reimbursements as contemplated by Section 3.06(c) of this Agreement out of funds transferred
to the Collection Account from the Loss of Value Reserve Fund pursuant to Section 3.06(c) of this Agreement;

(x)         
to withdraw any amount deposited into the Collection Account that was not required to be deposited therein; or

(xi)        
to clear and terminate the Collection Account pursuant to Section 9.01 of this Agreement.

If and to the extent that
the Master Servicer has reimbursed or made payment to itself or any other Person pursuant to any clause of the prior paragraph above for
any cost, expense, indemnity, fee or Property Advance or Advance Interest Amount thereon with respect to a Whole

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Loan that represents the related Serviced Companion
Loan’s allocable share of such cost, expense, indemnity, fee, or Property Advance or Advance Interest Amount thereon (taking into
account the subordinate nature of any related Subordinate Companion Loan(s)), the Master Servicer (with respect to Performing Serviced
Loans) and the Special Servicer (with respect to Specially Serviced Loans) shall use efforts consistent with the Servicing Standard to
collect such amounts out of collections on such Serviced Companion Loan (or, if and to the extent permitted under the related Co-Lender
Agreement, from the related Serviced Companion Loan Holder) and deposit all such amounts (collectively, with respect to such Serviced
Companion Loan, the “Trust Reimbursement Amount No.1”) collected from or on behalf of the related Serviced Companion
Loan Holder into the Collection Account.

The Master Servicer shall
also be entitled to make withdrawals from time to time, from the Collection Account of amounts necessary for the payments or reimbursement
of amounts required to be paid to the parties to, and/or the securitization trust created under, the applicable Outside Servicing Agreement
by the holder of each Outside Serviced Mortgage Loan pursuant to each Outside Serviced Co-Lender Agreement. In the absence of manifest
error, the Master Servicer may conclusively rely on the request for payments contemplated by the preceding sentence.

The Master Servicer shall
keep and maintain separate accounting, on a Mortgage Loan-by-Mortgage Loan basis, for the purpose of justifying any withdrawal
from the Collection Account pursuant to subclauses (i) to (ix) of the third preceding paragraph.

The Master Servicer shall
pay to each of the Special Servicer (or to third party contractors at the direction of the Special Servicer), the Operating Advisor, the
Asset Representations Reviewer, the Trustee and the Certificate Administrator, as applicable, from the applicable Collection Account,
amounts permitted to be paid thereto from such account promptly upon receipt of a written statement of an officer of the Special Servicer,
an officer of the Operating Advisor, an officer of the Asset Representations Reviewer or a Responsible Officer of the Trustee or the Certificate
Administrator, as the case may be, describing the item and amount to which the Special Servicer (or such third party contractor), the
Operating Advisor, the Asset Representations Reviewer, the Trustee or the Certificate Administrator, as the case may be, is entitled (unless
such payment to the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Trustee or the Certificate Administrator,
as the case may be, is clearly required pursuant to this Agreement, in which case a written statement is not required). The Master Servicer
may rely conclusively on any such written statement and shall have no duty to recalculate the amounts stated therein. The parties seeking
payment pursuant to this Section shall each keep and maintain a separate accounting for the purpose of justifying any request for withdrawal
from each Collection Account, on a loan-by-loan basis.

With respect to each Outside
Serviced Mortgage Loan, the Master Servicer shall pay to, subject to Section 3.01(j)(i) and (j)(ii), the related Outside
Servicer, the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee, as applicable,
from the Collection Account on the Master Servicer Remittance Date amounts permitted to be paid to the related Outside Servicer, the related
Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee, as applicable, therefrom based
upon an Officer’s Certificate received from the related Outside Servicer, the related Outside

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Special Servicer, the related Outside Certificate
Administrator or the related Outside Trustee, as applicable, on the first Business Day following the immediately preceding Determination
Date, describing the item and amount to which the related Outside Servicer, the related Outside Special Servicer, the related Outside
Certificate Administrator or the related Outside Trustee, as applicable, is entitled. The Master Servicer may rely conclusively on any
such certificate and shall have no duty to re-calculate the amounts stated therein.

The Trustee, the Custodian,
the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the Depositor, CREFC®, the Special
Servicer and the Master Servicer shall in all cases have a right prior to the Certificateholders, the Uncertificated VRR Interest Owner
and any applicable Loan-Specific Certificateholders to any funds (or, if applicable, to any expressly specified funds) on deposit in the
Collection Account from time to time for the reimbursement or payment of the Servicing Fees (including investment income), Trustee/Certificate
Administrator Fees, Special Servicing Compensation, Advances, Advance Interest Amounts, Workout-Delayed Reimbursement Amounts, Operating
Advisor Fees, Operating Advisor Consulting Fees (but only to the extent such Operating Advisor Consulting Fees are actually received from
the related Mortgagor(s)), Asset Representations Reviewer Ongoing Fee, Asset Representations Reviewer Asset Review Fee (only to the extent
such fee is payable by the Trust), CREFC® Intellectual Property Royalty License Fees and (for each of such Persons other
than CREFC®) their respective expenses hereunder (including without limitation Additional Trust Fund Expenses) to the extent
such fees, indemnity amounts and expenses are to be reimbursed or paid from amounts on deposit in the Collection Account pursuant to this
Agreement (and to have such amounts paid directly to third party contractors for any invoices submitted to the Trustee, the Master Servicer
or the Special Servicer, as applicable).

(b)              
The Certificate Administrator shall, upon receipt, deposit in each of the Lower-Tier REMIC Distribution Account, the Excess
Interest Distribution Account, the Interest Reserve Account and the Excess Liquidation Proceeds Reserve Account any and all amounts received
by the Certificate Administrator in accordance with Section 3.06(a)(i) of this Agreement and required to be deposited therein.
If, as of 3:00 p.m., New York City time, on any Master Servicer Remittance Date or on such other date as any amount referred to in
the preceding sentence is required to be delivered hereunder, the Master Servicer shall not have delivered to the Certificate Administrator
for deposit in the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account, the Interest Reserve Account and
the Excess Liquidation Proceeds Reserve Account the amounts required to be deposited therein pursuant to the provisions of this Agreement
(including, without limitation, Section 3.06(a)(i) of this Agreement), then the Certificate Administrator shall, to the extent
that a Responsible Officer of the Certificate Administrator has such knowledge, provide notice of such failure to the Master Servicer
by facsimile transmission sent to telecopy number 866-706-3565 (or such alternative number provided by the Master Servicer to the
Certificate Administrator in writing) and by electronic mail at NoticeAdmin@midlandls.com (or such alternative electronic mail address
provided by the Master Servicer to the Certificate Administrator in writing) as soon as possible, but in any event before 5:00 p.m.,
New York City time, on such day; provided, however, that the Master Servicer will pay the Certificate Administrator interest
on such late payment at the Prime Rate until such late payment is received by the Certificate Administrator.

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(c)              
 If any Loss of Value Payments are deposited into the Loss of Value Reserve Fund with respect to any Mortgage Loan, any Trust Subordinate
Companion Loan or any related REO Property, then the Special Servicer shall, promptly upon written direction from the Master Servicer
(provided that, (1) with respect to clause (iv) below, the Special Servicer shall have provided notice to the Master Servicer
of the occurrence of such Liquidation Event and (2) with respect to clause (v) below, the Certificate Administrator shall have
provided the Master Servicer and the Special Servicer with five Business Days’ prior notice of such final Distribution Date), transfer
such Loss of Value Payments (up to the remaining portion thereof) from the Loss of Value Reserve Fund to the Master Servicer for deposit
into the Collection Account (or, in the case of clause (v) below, to the applicable Mortgage Loan Sellers), for the following purposes:

(i)        
to reimburse the Master Servicer, the Special Servicer or the Trustee, in accordance with Section 3.06(a) of this Agreement,
for any Nonrecoverable Advance made by such party with respect to such Mortgage Loan or Trust Subordinate Companion Loan, as applicable,
or any related REO Property (together with any related Advance Interest Amounts);

(ii)       
(A) to pay, in accordance with Section 3.06(a) of this Agreement, or to reimburse the Trust for the prior payment
of, any expense relating to such Mortgage Loan or Trust Subordinate Companion Loan, as applicable, or any related REO Property that constitutes
or, if not paid out of such Loss of Value Payments, would constitute an Additional Trust Fund Expense, and (B) to pay, in accordance
with Section 3.06(a) of this Agreement, any unpaid Liquidation Fee due and owing to the Special Servicer in connection
with the receipt of such Loss of Value Payments;

(iii)       
to offset any portion of Realized Losses that are attributable to such Mortgage Loan or Trust Subordinate Companion Loan, as applicable,
or related REO Property (as calculated without regard to the application of such Loss of Value Payments), incurred with respect to such
Mortgage Loan (or any related successor REO Mortgage Loan with respect thereto) or any Trust Subordinate Companion Loan (or any related
successor REO Companion Loan with respect thereto);

(iv)       
following the occurrence of a Liquidation Event with respect to such Mortgage Loan or Trust Subordinate Companion Loan, as applicable,
or any related REO Property and any related transfers from the Loss of Value Reserve Fund with respect to the items contemplated by the
immediately preceding clauses (i) to (iii) above as to such Mortgage Loan or Trust Subordinate Companion Loan, as applicable, to
cover the items contemplated by the immediately preceding clauses (i), (ii)(A) and (iii) in respect of any other
Mortgage Loan or REO Mortgage Loan; and

(v)       
on the final Distribution Date after all distributions have been made as set forth in clauses (i) through (iv)
above, to each Mortgage Loan Seller, its pro rata share, based on the amount that it contributed, net of any amount contributed
by such Mortgage Loan Seller that was used pursuant to clauses (i) to (iii) to offset

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any portion of Realized Losses that are
attributable to the Mortgage Loan or Trust Subordinate Companion Loan, as applicable, or any related REO Property for which the contribution
was made, Additional Trust Fund Expenses or any Nonrecoverable Advances incurred with respect to the Mortgage Loan or Trust Subordinate
Companion Loan, as applicable, or any related REO Property for which the contribution was made.

Any Loss of Value Payments
transferred to the Collection Account pursuant to clauses (i) to (iii) of the prior paragraph shall be treated as Liquidation Proceeds
received by the Trust in respect of the related Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) or Trust Subordinate
Companion Loan (or any related successor REO Companion Loan with respect thereto) for which such Loss of Value Payments were received;
and any Loss of Value Payments transferred to the Collection Account pursuant to clause (iv) of the prior paragraph shall be treated
as Liquidation Proceeds received by the Trust in respect of the Mortgage Loan or REO Mortgage Loan for which such Loss of Value Payments
are being transferred to the Collection Account to cover an item contemplated by clauses (i), (ii)(A) and (iii)
of the prior paragraph.

Section 3.06A.Permitted
Withdrawals From the Whole Loan Custodial Account.

(a)              
The Master Servicer may make withdrawals from the Whole Loan Custodial Account for each Serviced Whole Loan only as described below
(the order set forth below not constituting an order of priority for such withdrawals), subject to the application of Penalty Charges
and Modification Fees in accordance with the related Co-Lender Agreement and Section 3.14 of this Agreement:

(i)         
(A) after the Determination Date, and on or prior to the Business Day immediately preceding the Master Servicer Remittance Date,
in each calendar month (and also on the Business Day immediately following the receipt of any funds from the REO Account for any REO Property
related to such Serviced Whole Loan, if such funds are received after the Determination Date and before the Distribution Date in any calendar
month and were not available for any earlier transfer to the Collection Account in such calendar month), to transfer to the Collection
Account all amounts on deposit in the Whole Loan Custodial Account payable to the Trust pursuant to the related Co-Lender Agreement with
respect to the related Mortgage Loan (or any successor REO Mortgage Loan), including any applicable Trust Reimbursement Amount, and (B)
(1) on or prior to the related Serviced Whole Loan Remittance Date in each calendar month, to remit to the related Serviced Companion
Loan Holder all amounts on deposit in the Whole Loan Custodial Account that are received as of the Business Day immediately prior to such
Serviced Whole Loan Remittance Date that are payable to such Serviced Companion Loan Holder pursuant to the related Co-Lender Agreement
with respect to the related Serviced Companion Loan (or any successor REO Companion Loan), exclusive of any applicable Trust Reimbursement
Amount and (2) on the Business Day immediately following the receipt of any funds from the REO Account for any REO Property related to
such Serviced Whole Loan, if such funds are received on or after the related Serviced Whole Loan Remittance Date and before the Distribution
Date in any calendar month, to remit to the related Serviced

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Companion Loan Holder all amounts on deposit
in the Whole Loan Custodial Account payable to such Serviced Companion Loan Holder pursuant to the related Co-Lender Agreement with respect
to the related Serviced Companion Loan or any successor REO Companion Loan, exclusive of any applicable Trust Reimbursement Amount;

(ii)       
to pay or reimburse the Master Servicer, the Special Servicer or the Trustee, for Advances made thereby with respect to such Serviced
Whole Loan and any related Advance Interest Amounts (provided that the Trustee shall have priority with respect to such payment or reimbursement
of any such Advances and any related Advance Interest Amounts), the Master Servicer’s right to reimburse any such Person pursuant
to this clause (ii) being limited to late collections (including cure payments by related Serviced Companion Loan Holders) of
the particular item which was the subject of the related Advance, Penalty Charges, Net Condemnation Proceeds, Net REO Proceeds, Net Insurance
Proceeds and Net Liquidation Proceeds on or in respect of the particular Serviced Whole Loan or any related REO Property; provided,
however, that if such Advance has become a Workout-Delayed Reimbursement Amount (but not a Nonrecoverable Advance), then neither
such Workout-Delayed Reimbursement Amount nor any related Advance Interest Amounts shall be reimbursed or paid, as the case may be,
out of payments or other collections of interest (other than Penalty Charges) or Yield Maintenance Charges on or in respect of the related
Mortgage Loan (or any successor REO Mortgage Loan) or the related Serviced Companion Loan (or any successor REO Companion Loan); and
provided, further, that if such Advance is a P&I Advance with respect to the related Mortgage Loan (or a successor REO Mortgage
Loan) or the Trust Subordinate Companion Loan (or a successor REO Companion Loan), then neither such Advance nor any related Advance
Interest Amounts shall be reimbursed or paid, as the case may be, out of, or otherwise result in a reduction of, amounts otherwise payable
to the related Serviced Companion Loan Holder(s) with respect to the related Serviced Companion Loan(s) (or any successor REO Companion
Loan(s)), except that in the case of a Serviced AB Whole Loan, reimbursements or payments, as the case may be, of Advances or any related
Advance Interest Amounts shall be made taking into account the subordinate nature of the related Subordinate Companion Loan(s) to the
extent set forth in, and in accordance with, the related Co-Lender Agreement, and except that neither a P&I Advance on the Trust
Subordinate Companion Loan (or any successor REO Companion Loan) nor any related Advance Interest Amount shall be reimbursed or paid,
as the case may be, out of, or otherwise result in a reduction of, collections on or allocable to the related Mortgage Loan or a successor
REO Mortgage Loan with respect thereto unless such P&I Advance and/or Advance Interest Amount constitutes a Nonrecoverable P&I
Advance;

(iii)      
to pay on or before each Master Servicer Remittance Date (A) to the Master Servicer (who shall pay the holder of the Excess Servicing
Fee Rights the portion of the Servicing Fee that represents Excess Servicing Fees in accordance with Section 3.12 of this Agreement)
as compensation, the aggregate unpaid Servicing Fee with respect to such Serviced Whole Loan (to the extent not

    	 	- 244 -	 

     

    

otherwise required to be applied against
Prepayment Interest Shortfalls) in respect of the immediately preceding Interest Accrual Period, to be paid from interest received on
the related Mortgage Loan or Serviced Companion Loan, as applicable, and to pay from time to time to the Master Servicer in accordance
with Section 3.07(b) any interest or investment income earned on funds deposited in such Whole Loan Custodial Account and
(B) to the Special Servicer as compensation, any Special Servicing Compensation payable with respect to such Serviced Whole Loan; provided,
however, that no Servicing Fees or Special Servicing Compensation earned with respect to the related Mortgage Loan (or a successor REO
Mortgage Loan) shall be payable out of, or otherwise result in a reduction of, amounts otherwise payable to the related Serviced Companion
Loan Holder with respect to the related Serviced Companion Loan (or any successor REO Companion Loan) (provided that, in the case of a
Serviced AB Whole Loan, such payments shall be made taking into account the subordinate nature of the related Subordinate Companion Loan(s)
to the extent set forth in, and in accordance with, the related Co-Lender Agreement), and no Servicing Fees or Special Servicing Compensation
earned with respect to the related Serviced Companion Loan (or any successor REO Companion Loan) not held by the Trust shall be payable
out of, or otherwise result in a reduction of, amounts otherwise payable to the Trust with respect to the related Mortgage Loan (or a
successor REO Mortgage Loan) (it being acknowledged and agreed that this proviso is in no way intended to limit the rights of the Master
Servicer or Special Servicer under the related Co-Lender Agreement to seek payment of any unpaid Servicing Fees or Special Servicing
Compensation, as applicable, with respect to any Serviced Companion Loan not held by the Trust from the related Serviced Companion Loan
Holder);

(iv)     
to pay for costs and expenses incurred by the Trust Fund solely with respect to such Serviced Whole Loan and related REO Property
pursuant to Section 3.10(e) and to pay Liquidation Expenses out of Liquidation Proceeds pursuant to Section 3.11;

(v)       
to the extent not reimbursed or paid pursuant to any other clause of this Section 3.06A, to reimburse or pay the
Master Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the Special Servicer
or the Depositor, as applicable, for unpaid Additional Trust Fund Expenses, Servicing Fees and other unpaid items incurred by or owing
to such Person pursuant to the second sentence of Section 3.07(c), Section 3.08(a), Section 3.08(b),
Section 3.10, the second sentence of Section 3.12(a), the third sentence of Section 3.12(c), Section 3.16(a),
Section 3.29, Section 6.03, Section 7.04, Section 8.05(a), Section 8.05(b),
Section 8.05(d), Section 11.02(a), Section 11.02(b) or Section 12.07, or any other provision of this
Agreement pursuant to which such Person is entitled to reimbursement or payment from the Trust Fund, in each case only to the extent
expressly reimbursable under such Section and to the extent related to such Serviced Whole Loan and not related to amounts which
are solely expenses of the Trust Fund (such as expenses related to administration of the Trust Fund or REMIC taxes, penalties or interest
or preservation of the REMIC status of each Trust REMIC), it being acknowledged

    	 	- 245 -	 

     

    

that this clause (v) shall not be
deemed to modify the substance of any such Section , including the provisions of such Section that set forth the extent to which
one of the foregoing Persons is or is not entitled to payment or reimbursement; provided, however, that no payment or reimbursement to
the Operating Advisor, the Asset Representations Reviewer or the Certificate Administrator or payment or reimbursement of costs and expenses
associated with obtaining a Rating Agency Confirmation, shall be made out of, or otherwise result in a reduction of, amounts otherwise
payable to the related Serviced Companion Loan Holder with respect to the related Serviced Companion Loan (or successor REO Companion
Loan) (provided that, in the case of a Serviced AB Whole Loan, such payments or reimbursements shall be made taking into account the subordinate
nature of the related Subordinate Companion Loan(s) to the extent set forth in, and in accordance with, the related Co-Lender Agreement),
no payment of fees or other compensation to the Operating Advisor, the Trustee or the Certificate Administrator with respect to the Trust
Subordinate Companion Loan or successor REO Companion Loan shall be made out of, or otherwise result in a reduction of, collections on
or otherwise allocable to the related Mortgage Loan or a successor REO Mortgage Loan with respect thereto, and no payment or reimbursement
of costs and expenses associated with obtaining a Companion Loan Rating Agency Confirmation shall be made out of, or otherwise result
in a reduction of, amounts otherwise payable to the Trust with respect to the related Mortgage Loan (or any successor REO Mortgage Loan)
or the Trust Subordinate Companion Loan (or any successor REO Companion Loan);

(vi)     
to make such payments and reimbursements out of Penalty Charges and Modification Fees on deposit in such Whole Loan Custodial
Account as are contemplated by the related Co-Lender Agreement and Section 3.14 of this Agreement;

(vii)    
to withdraw any amount deposited into such Whole Loan Custodial Account that was not required to be deposited therein;

(viii)   
if the related Serviced Companion Loan (or any successor REO Companion Loan with respect thereto) is part of an Other Securitization
Trust, to the extent required by the related Co-Lender Agreement, to reimburse the applicable party to the related Other Pooling
and Servicing Agreement for any advances of delinquent monthly debt service payments made thereby with respect to such Serviced Companion
Loan (or REO Companion Loan), together with interest thereon, provided that such reimbursement, together with interest, shall be made
solely out of payments and other collections on such Serviced Companion Loan (or REO Companion Loan); or

(ix)       
to clear and terminate such Whole Loan Custodial Account pursuant to Section 9.01 of this Agreement.

The Master Servicer shall
keep and maintain separate accounting, on a Mortgage Loan-by-Mortgage Loan and Companion Loan-by-Companion Loan basis,
for the purpose of

    	 	- 246 -	 

     

    

justifying any withdrawal from each Whole Loan
Custodial Account pursuant to subclauses (i) - (ix) above. If and to the extent that the Master Servicer has reimbursed or made
payment to itself or any other Person pursuant to any clause of the prior paragraph above for any cost, expense, indemnity, or Property
Advance or Advance Interest Amount thereon with respect to a Serviced Whole Loan out of monies allocable to the related Mortgage Loan
(or any successor REO Mortgage Loan) to an extent that the Trust as holder of the related Mortgage Loan has borne some or all of the related
Serviced Companion Loan’s allocable share of such cost, expense, indemnity, or Property Advance or Advance Interest Amount thereon
(taking into account the subordinate nature of any related Subordinate Companion Loan(s) to the extent set forth in, and in accordance
with, the related Co-Lender Agreement), the Master Servicer shall use efforts consistent with the Servicing Standard to collect such
amounts disproportionately borne by the Trust out of collections on such Serviced Companion Loan (or, if and to the extent permitted under
the related Co-Lender Agreement, from the related Serviced Companion Loan Holder) and deposit all such amounts (collectively, with
respect to such Serviced Companion Loan, the “Trust Reimbursement Amount No.2” and, together with Trust Reimbursement
Amount No.1, the “Trust Reimbursement Amount”) collected from or on behalf of the related Serviced Companion Loan Holder
into the Collection Account.

The Master Servicer shall
pay to each of the Special Servicer (or to third party contractors at the direction of the Special Servicer), the Operating Advisor, the
Trustee, the Certificate Administrator and an advancing party under any Other Pooling and Servicing Agreement, as applicable, from the
applicable Whole Loan Custodial Account, amounts permitted to be paid thereto from such account promptly upon receipt of a written statement
of an officer of the Special Servicer, an officer of the Operating Advisor, a Responsible Officer of the Trustee or the Certificate Administrator
or an officer of such advancing party under such Other Pooling and Servicing Agreement, as the case may be, describing the item and amount
to which the Special Servicer (or such third party contractor), the Operating Advisor, the Trustee, the Certificate Administrator or such
advancing party under such Other Pooling and Servicing Agreement, as the case may be, is entitled (unless such payment to the Special
Servicer, the Operating Advisor, the Trustee or the Certificate Administrator, as the case may be, is clearly required pursuant to this
Agreement, in which case a written statement is not required). The Master Servicer may rely conclusively on any such written statement
and shall have no duty to re-calculate the amounts stated therein. The parties seeking payment pursuant to this Section shall each
keep and maintain separate accounting for the purpose of justifying any request for withdrawal from each Whole Loan Custodial Account,
on a loan-by-loan basis.

The Trustee, the Depositor,
the Operating Advisor, the Certificate Administrator, the Special Servicer and the Master Servicer shall in all cases have a right prior
to the Certificateholders, the Uncertificated VRR Interest Owner and any applicable Loan-Specific Certificateholders to any funds on deposit
in a Whole Loan Custodial Account from time to time for the reimbursement or payment of the Servicing Fees (including investment income),
or Special Servicing Compensation, Advances, Advance Interest Amounts and their respective indemnity amounts or expenses hereunder to
the extent such fees, indemnity amounts and expenses are to be reimbursed or paid from amounts on deposit in such Whole Loan Custodial
Account pursuant to this Agreement and the related Co-Lender Agreement (and to have such amounts paid directly to third party contractors
for any invoices approved by the Trustee, the Depositor, the Certificate Administrator, the Master Servicer or the Special Servicer, as
applicable); provided, however, for

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the avoidance of doubt, neither the Trustee/Certificate
Administrator Fees nor the Operating Advisor Fee shall be paid from funds on deposit in a Whole Loan Custodial Account.

After the Determination Date,
and on or prior to the Business Day immediately preceding the Master Servicer Remittance Date, in each calendar month (and also on the
Business Day immediately following the receipt of any funds from the REO Account for any REO Property related to the applicable Serviced
Whole Loan, if such funds are received after the Determination Date and before the Distribution Date in any calendar month and were not
available for any earlier transfer to the Collection Account in such calendar month), the Master Servicer shall remit for deposit in the
Collection Account all amounts on deposit in a Whole Loan Custodial Account payable to the Trust pursuant to the related Co-Lender
Agreement with respect to the related Mortgage Loan (or any successor REO Mortgage Loan), including any applicable Trust Reimbursement
Amount; and on or prior to the related Serviced Whole Loan Remittance Date in each calendar month (and also on the Business Day immediately
following the receipt of any funds from the REO Account for any REO Property related to the applicable Serviced Whole Loan, if such funds
are received after the Determination Date and before the Distribution Date in any calendar month), the Master Servicer shall remit to
the related Serviced Companion Loan Holder all amounts on deposit in a Whole Loan Custodial Account payable to such Serviced Companion
Loan Holder pursuant to the related Co-Lender Agreement with respect to the related Serviced Companion Loan (or any successor REO
Companion Loan), exclusive of any applicable Trust Reimbursement Amount, in each case, prior to the required remittance from the Collection
Account to the Certificate Administrator for deposit into the Lower-Tier REMIC Distribution Account on such Master Servicer Remittance
Date.

(b)              
Notwithstanding anything to the contrary contained herein, with respect to each Serviced Companion Loan, the Master Servicer shall
withdraw from the related Whole Loan Custodial Account and remit to the related Serviced Companion Loan Holder, within one (1) Business
Day of receipt of properly identified funds, any amounts that represent late collections or Principal Prepayments received by the Master
Servicer from the related Mortgagor that are allocable to such Serviced Companion Loan or any successor REO Companion Loan with respect
thereto (exclusive of any portion of such amount paid or reimbursed to any third party in accordance with the related Co-Lender Agreement)
unless such amount would otherwise be included in the monthly remittance to the related Serviced Companion Loan Holder for such month
pursuant to Section 3.06A(a); provided, however, that to the extent any such amounts are received after 3:00 p.m.
Eastern time on any given Business Day, the Master Servicer shall use commercially reasonable efforts to remit such amounts to the related
Serviced Companion Loan Holder within one (1) Business Day of receipt of properly identified funds but, in any event, the Master
Servicer shall remit such amounts within two (2) Business Days of receipt of properly identified funds.

Section 3.07          
Investment of Funds in the Collection Account, the REO Account, the Mortgagor Accounts, and Other Accounts.

(a)              
The Master Servicer, or with respect to any REO Account and any Loss of Value Reserve Fund, the Special Servicer, may direct any
depository institution maintaining the Collection Account, any Whole Loan Custodial Account, any Mortgagor

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Account (subject to the second succeeding
sentence), any REO Account or any Loss of Value Reserve Fund (each of the Collection Account, any Whole Loan Custodial Account, any REO
Account, any Loss of Value Reserve Fund and any Mortgagor Account, for purposes of this Section 3.07, an “Investment
Account”), to invest the funds in such Investment Account in one or more Permitted Investments that bear interest or are sold
at a discount, and that mature, unless payable on demand, no later than the Business Day preceding the date on which such funds are required
to be withdrawn from such Investment Account pursuant to this Agreement. Any direction by the Master Servicer or the Special Servicer
to invest funds on deposit in an Investment Account shall be in writing and shall certify that the requested investment is a Permitted
Investment which matures at or prior to the time required hereby or is payable on demand. In the case of any Escrow Account or Lock-Box
Account (the “Mortgagor Accounts”), the Master Servicer shall act upon the written request of the related Mortgagor
or Manager to the extent the Master Servicer is required to do so under the terms of the respective Mortgage Loan (or Serviced Whole Loan)
or related documents, provided that in the absence of appropriate written instructions from the related Mortgagor or Manager meeting
the requirements of this Section 3.07, the Master Servicer shall have no obligation to, but will be entitled to, direct the
investment of funds in such accounts in Permitted Investments. All such Permitted Investments shall be held to maturity, unless payable
on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee or a nominee of the Trustee (in each
case for the benefit of the Certificateholders, the Uncertificated VRR Interest Owner and any applicable Loan-Specific Certificateholders).
The Trustee (for the benefit of the Certificateholders, the Uncertificated VRR Interest Owner and any applicable Loan-Specific Certificateholders)
shall have sole control (except with respect to investment direction, which shall be in the control of the Master Servicer (with respect
to the Collection Account, any Whole Loan Custodial Account or any Mortgagor Account) or the Special Servicer (with respect to any REO
Accounts and any Loss of Value Reserve Fund), as applicable, as an independent contractor to the Trust Fund) over each such investment
and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its nominee (which
shall initially be the Master Servicer or the Special Servicer, as applicable), together with any document of transfer, if any, necessary
to transfer title to such investment to the Trustee or its nominee (for the benefit of the Certificateholders, the Uncertificated VRR
Interest Owner and any applicable Loan-Specific Certificateholders). Neither the Trustee nor the Certificate Administrator shall have
any responsibility or liability with respect to the investment directions of the Master Servicer or the Special Servicer, any Mortgagor
or Manager or any losses resulting therefrom, whether from Permitted Investments or otherwise. The Master Servicer shall have no responsibility
or liability with respect to the investment direction of the Special Servicer, any Mortgagor or Manager or any losses resulting therefrom,
whether from Permitted Investments or otherwise. The Special Servicer shall have no responsibility or liability with respect to the investment
direction of the Master Servicer, any Mortgagor or any property manager or any losses resulting therefrom, whether from Permitted Investments
or otherwise. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand,
the Master Servicer (or the Special Servicer in the case of REO Accounts and any Loss of Value Reserve Fund), shall: (x) consistent
with any notice required to be given thereunder, demand that payment

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thereon be made on the last day such
Permitted Investment may otherwise mature hereunder in an amount equal to the lesser of (1) all amounts then payable thereunder and
(2) the amount required to be withdrawn on such date; and (y) demand payment of all amounts due thereunder promptly upon determination
by the Master Servicer (or the Special Servicer in the case of REO Accounts and any Loss of Value Reserve Fund) that such Permitted
Investment would not constitute a Permitted Investment in respect of funds thereafter on deposit in the related Investment Account. Amounts
on deposit in the Distribution Account, the Excess Interest Distribution Account, the Excess Liquidation Proceeds Reserve Account and
the Interest Reserve Account (each, a “Certificate Administrator Account”) shall remain uninvested.

(b)              
All income and gain realized from investment of funds deposited in any Investment Account shall be for the benefit of the Master
Servicer, except with respect to the investment of funds deposited in (i) any Mortgagor Account to the extent required under the
Mortgage Loan (or Serviced Whole Loan) or applicable law to be for the benefit of the related Mortgagor or (ii) any REO Account and
any Loss of Value Reserve Fund, which shall be for the benefit of the Special Servicer, and if held in the Collection Account, a Whole
Loan Custodial Account or an REO Account, shall be subject to withdrawal by the Master Servicer or the Special Servicer, as applicable,
in accordance with Section 3.06, Section 3.06A or Section 3.16(b) of this Agreement, as applicable.
The Master Servicer (or with respect to any REO Account and any Loss of Value Reserve Fund, the Special Servicer) shall deposit from its
own funds into any applicable Investment Account, the amount of any loss incurred in respect of any such Permitted Investment immediately
upon realization of such loss (except with respect to losses incurred as a result of the related Mortgagor or Manager exercising its power
under the related Loan Documents to direct such investment in such Mortgagor Account); provided, however, that the Master
Servicer or Special Servicer, as applicable, may reduce the amount of such payment to the extent it forgoes any investment income in such
Investment Account otherwise payable to it. The Master Servicer shall also deposit from its own funds in any Mortgagor Account the amount
of any loss incurred in respect of Permitted Investments, except to the extent that amounts are invested for the benefit of the Mortgagor
under the terms of the Mortgage Loan (or Serviced Whole Loan) or applicable law. Notwithstanding the foregoing, neither the Master Servicer
nor the Special Servicer (in their respective capacities as Master Servicer and Special Servicer, respectively) shall be required
to deposit any loss on an investment of funds in an Investment Account if such loss is incurred solely as a result of the insolvency of
the federal or state chartered depository institution or trust company that holds such Investment Account, so long as such depository
institution or trust company is not the Person or an Affiliate of the Person maintaining such account hereunder and satisfied the qualifications
set forth in the definition of Eligible Account both (1) at the time such investment was made and (2) as of the date that is
30 days prior to the insolvency.

(c)              
Except as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any Permitted
Investment, or if a default occurs in any other performance required under any Permitted Investment, the Trustee may, and upon the request
of Holders of Certificates representing greater than 50% of the Percentage Interests of any Class shall, take such action as may
be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate

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proceedings. In the event the Trustee
takes any such action, the Trust Fund shall pay or reimburse the Trustee for all reasonable out-of-pocket expenses, disbursements
and advances incurred or made by the Trustee in connection therewith. In the event that the Trustee does not take any such action, the
Master Servicer may, but is not obligated to, take such action at its own cost and expense.

Section 3.08          
Maintenance of Insurance Policies and Errors and Omissions and Fidelity Coverage.

(a)              
The Master Servicer on behalf of the Trustee, as mortgagee of record, shall use efforts consistent with the Servicing Standard
to cause the related Mortgagor to maintain, to the extent required by each Mortgage Loan (other than an Outside Serviced Mortgage Loan)
and each Serviced Companion Loan (except to the extent that the failure to maintain such insurance coverage is an Acceptable Insurance
Default), and if the Mortgagor does not so maintain, shall itself maintain (subject to the provisions of this Agreement concerning Nonrecoverable
Advances and to the extent the Trustee as mortgagee of record has an insurable interest and to the extent available at commercially reasonable
rates), (i) fire and hazard insurance (and windstorm insurance, if applicable) with extended coverage on the related Mortgaged Property
in an amount which is at least equal to the lesser of (a) one hundred percent (100%) of the then “full replacement cost”
of the improvements and equipment (excluding foundations, footings and excavation costs), without deduction for physical depreciation,
and (b) the outstanding principal balance of the related Mortgage Loan and the related Serviced Companion Loan(s) or such greater
amount as is necessary to prevent any reduction in such policy by reason of the application of co-insurance provisions and to prevent
the Trustee thereunder from being deemed to be a co-insurer and provided such policy shall include a “replacement cost”
rider, (ii) insurance providing coverage against 18 months (or such longer period or with such extended period endorsement as
provided in the related Mortgage or other Loan Document) of rent interruptions and (iii) such other insurance as is required in the
related Mortgage Loan and the related Serviced Companion Loan; provided that, if the Loan Documents with respect to any CREFI Mortgage
Loan permit the related Mortgagor to maintain, with the lender’s consent or agreement, any insurance policy that (A) has coverages,
deductibles and/or other related provisions other than those specified in the related Loan Documents or (B) is provided by an insurer
that does not meet the credit ratings requirements set forth in the related Loan Documents (any such insurance policy, a “Non-Conforming
Policy”), the Master Servicer shall not consent or agree to such Non-Conforming Policy unless the Master Servicer has received
a Rating Agency Confirmation with respect to such Non-Conforming Policy. Subject to Section 3.16 of this Agreement, the
Special Servicer in accordance with the Servicing Standard and to the extent available at commercially reasonable rates (as determined
by the Special Servicer in accordance with the Servicing Standard), shall cause to be maintained for each REO Property (other than an
REO Property related to an Outside Serviced Mortgage Loan) no less insurance coverage than was previously required of the Mortgagor under
the related Loan Documents (except to the extent that the failure to maintain such insurance coverage is an Acceptable Insurance Default);
provided that to the extent the Loan Documents require the related Mortgagor to maintain insurance with an insurer rated better
than as indicated in the definition of “Qualified Insurer”, the Master Servicer may, without a

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Rating Agency Confirmation or the approval
of the Special Servicer, to the extent consistent with the Servicing Standard, permit the related Mortgagor to maintain insurance with
an insurer that does not meet the requirements of the Loan Documents so long as the related Mortgagor maintains insurance with an insurer
rated at least as indicated in the definition of “Qualified Insurer”. All insurance for an REO Property shall be from
a Qualified Insurer, if available from a Qualified Insurer, and if not available from a Qualified Insurer, from an insurance provider
that is rated the next highest available rating who is offering such insurance at commercially reasonable rates. Any amounts collected
by the Master Servicer or the Special Servicer under any such policies (other than amounts required to be applied to the restoration or
repair of the related Mortgaged Property or amounts to be released to the Mortgagor in accordance with the terms of the related Loan Documents) shall
be deposited into the Collection Account pursuant to Section 3.05 of this Agreement or the Whole Loan Custodial Account pursuant
to Section 3.05A of this Agreement, as applicable, subject to withdrawal pursuant to Section 3.05, Section 3.05A,
Section 3.06 or Section 3.06A of this Agreement. Any cost incurred by the Master Servicer or the Special Servicer
in maintaining any such insurance shall not, for the purpose of calculating distributions to Certificateholders and the Uncertificated
VRR Interest Owner, be added to the unpaid principal balance of the related Mortgage Loan, notwithstanding that the terms of such Mortgage
Loan so permit. It is understood and agreed that no other additional insurance other than flood insurance or earthquake insurance subject
to the conditions set forth below is to be required of any Mortgagor or to be maintained by the Master Servicer other than pursuant to
the terms of the related Loan Documents and pursuant to such applicable laws and regulations as shall at any time be in force and as shall
require such additional insurance. If the related Mortgaged Property (other than an REO Property and other than with respect to an Outside
Serviced Mortgage Loan) is located in a federally designated special flood hazard area, the Master Servicer will use efforts consistent
with the Servicing Standard to cause the related Mortgagor to maintain, to the extent required by each Serviced Loan, and if the related
Mortgagor does not so maintain, shall itself obtain (subject to the provisions of this Agreement concerning Nonrecoverable Advances) and
maintain flood insurance in respect thereof. Such flood insurance shall be in an amount equal to the lesser of (i) the unpaid principal
balance of the related Mortgage Loan and the related Serviced Companion Loan(s) and (ii) the maximum amount of such insurance required
by the terms of the related Mortgage Loan or Serviced Whole Loan and as is available for the related property under the national flood
insurance program (assuming that the area in which such property is located is participating in such program). If a Mortgaged Property
(other than an REO Property) is related to a Serviced Loan pursuant to which earthquake insurance is required to be maintained pursuant
to the terms of the Mortgage Loan or Serviced Whole Loan, the Master Servicer shall use efforts consistent with the Servicing Standard
to cause the related Mortgagor to maintain, and if the related Mortgagor does not so maintain will itself obtain (subject to the provisions
of this Agreement concerning Nonrecoverable Advances and for so long as such insurance continues to be available at commercially reasonable
rates) and maintain earthquake insurance in respect thereof, in the amount required by the Mortgage Loan or Serviced Whole Loan or, if
not specified, in-place at origination. If an REO Property (other than an REO Property related to the Outside Serviced Mortgage Loan)
(i) is located in a federally designated special flood hazard area or (ii) is related to a Serviced Loan with respect to

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which earthquake insurance would be appropriate
in accordance with the Servicing Standard and such insurance is available at commercially reasonable rates, the Special Servicer will
obtain (subject to the provisions of this Agreement concerning Nonrecoverable Advances) and maintain flood insurance and/or earthquake
insurance in respect thereof providing the same coverage as described in this Section 3.08(a). Out-of-pocket expenses
incurred by the Master Servicer or Special Servicer in maintaining insurance policies pursuant to this Section 3.08 shall
be advanced by the Master Servicer as a Property Advance and shall be reimbursable to the Master Servicer with interest at the Advance
Rate. The Master Servicer (or the Special Servicer, with respect to REO Properties) agrees to prepare and present, on behalf of itself,
the Trustee and the Certificateholders, the Uncertificated VRR Interest Owner and the Serviced Companion Loan Holders, claims under each
related insurance policy maintained by it pursuant to this Section 3.08(a) in a timely fashion in accordance with the terms
of such policy and to take such reasonable steps as are necessary to receive payment or to permit recovery thereunder. All insurance policies
required to be maintained by the Master Servicer or Special Servicer hereunder shall name the Trustee or the Master Servicer or the Special
Servicer, on behalf of the Trustee as the mortgagee, as loss payee, and shall be issued by Qualified Insurers, if available from a Qualified
Insurer, and if not available from a Qualified Insurer, from an insurance provider that is rated the next highest available rating who
is offering such insurance at commercially reasonable rates. Notwithstanding the foregoing: (A) the Master Servicer shall not be
required to maintain any earthquake or environmental insurance policy on any Mortgaged Property and the Special Servicer shall not be
required to maintain any earthquake or environmental insurance policy on any REO Property, in each case unless such insurance is required
to be maintained under the related Loan Documents and is available at commercially reasonable rates; provided, however,
that neither the Master Servicer nor the Special Servicer shall have any obligation to maintain such earthquake or environmental insurance
policy required under the related Loan Documents if the originator of the Serviced Mortgage Loan or Serviced Whole Loan waived compliance
with such insurance requirements (and if the applicable Master Servicer does not cause the Mortgagor to maintain or does not itself maintain
such earthquake or environmental insurance policy on any Mortgaged Property, the Special Servicer shall have the right, but not the duty,
to obtain, at the Trust’s expense, earthquake or environmental insurance on any Mortgaged Property securing a Specially Serviced
Loan or an REO Property so long as such insurance is available at commercially reasonable rates); (B) with respect to the Master
Servicer’s obligation to cause the related Mortgagor to maintain such insurance, the Master Servicer shall have no obligation beyond
using its efforts consistent with the Servicing Standard to cause any Mortgagor to maintain the insurance required to be maintained or
that the lender is entitled to reasonably require, subject to applicable law, under the related Loan Documents; and (C) in making
determinations as to the availability of insurance at commercially reasonable rates or otherwise, the Master Servicer or the Special Servicer,
as applicable, shall, to the extent consistent with the Servicing Standard, be entitled to rely, at its own expense, on insurance consultants
in making such determination and any such determinations by the Master Servicer or the Special Servicer, as applicable, need not be made
more frequently than annually but in any event shall be made at the approximate date on which the Master

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Servicer or the Special Servicer, as
applicable, receives notice of the renewal, replacement or cancellation of coverage.

Notwithstanding the foregoing,
the Master Servicer or Special Servicer, as applicable, will not be required to maintain, and shall not cause a Mortgagor to be in default
with respect to the failure of the related Mortgagor to obtain, all risk casualty insurance which does not contain any carve out for terrorist
or similar acts, if, and only if, the Special Servicer has determined in accordance with the Servicing Standard that the failure to maintain
such insurance is an Acceptable Insurance Default; provided that, during the period that the Special Servicer is evaluating such
insurance hereunder, the Master Servicer shall not be liable for any loss related to its failure to require the Mortgagor to maintain
terrorism insurance and shall not be in default of its obligations hereunder as a result of such failure. The Special Servicer shall promptly
notify the Master Servicer of each determination under this paragraph.

(b)              
(i)           If the Master Servicer or the Special Servicer obtains and maintains a blanket insurance policy insuring against fire and hazard
losses on all of the Mortgaged Properties (other than REO Properties and other than Mortgaged Properties that secure the Outside Serviced
Mortgage Loans) as to which the related Mortgagor has not maintained insurance required by the related Mortgage Loan or, if applicable,
related Serviced Whole Loan (other than any Mortgagor that is required under the related Loan Documents to maintain insurance with an
insurer rated better than as indicated in the definition of “Qualified Insurer” that maintains insurance with an insurer
rated at least as indicated in the definition of “Qualified Insurer”) or the Special Servicer obtains and maintains
a blanket insurance policy insuring against fire and hazard losses on all of the REO Properties (other than an REO Property acquired in
respect of an Outside Serviced Mortgage Loan), as required under this Agreement, as the case may be, then the Master Servicer or the Special
Servicer, as the case may be, shall conclusively be deemed to have satisfied its respective obligations concerning the maintenance of
insurance coverage set forth in Section 3.08(a) of this Agreement. Any such blanket insurance policy shall be maintained with
a Qualified Insurer. A blanket insurance policy may contain a deductible clause, in which case the Master Servicer or the Special Servicer,
as applicable, shall, in the event that (i) there shall not have been maintained on the related Mortgaged Property a policy otherwise
complying with the provisions of Section 3.08(a) of this Agreement, and (ii) there shall have been one or more losses
which would have been covered by such a policy had it been maintained, immediately deposit into the Collection Account or, if applicable,
related Whole Loan Custodial Account from its own funds the amount not otherwise payable under the blanket policy because of such deductible
clause to the extent that any such deductible exceeds the deductible limitation that pertained to the related Mortgage Loan or Serviced
Whole Loan or, in the absence of any such deductible limitation, the deductible limitation which is consistent with the Servicing Standard.
In connection with its activities as Master Servicer or the Special Servicer hereunder, as applicable, the Master Servicer and the Special
Servicer, respectively, agree to prepare and present, on behalf of itself, the Trustee, the Certificateholders, the Uncertificated VRR
Interest Owner and any related Serviced Companion Loan Holder, claims under any such blanket policy which it maintains in a timely fashion
in accordance with the terms of such policy and to take such reasonable steps as are necessary to receive payment or permit recovery thereunder.

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(ii)       
 If the Master Servicer causes any Mortgaged Property (other than any REO Property and other than any Mortgaged Property that secures
an Outside Serviced Mortgage Loan) or the Special Servicer causes any REO Property (other than an REO Property acquired in respect of
an Outside Serviced Mortgage Loan) to be covered by a master force placed insurance policy and such policy shall be issued by a Qualified
Insurer and provide no less coverage in scope and amount for such Mortgaged Property or REO Property than the insurance required to be
maintained pursuant to Section 3.08(a) of this Agreement, then the Master Servicer or Special Servicer, as the case may be,
shall conclusively be deemed to have satisfied its respective obligations to maintain insurance pursuant to Section 3.08(a)
of this Agreement. Such policy may contain a deductible clause, in which case the Master Servicer or the Special Servicer, as applicable,
shall, in the event that (i) there shall not have been maintained on the related Mortgaged Property or REO Property a policy otherwise
complying with the provisions of Section 3.08(a), and (ii) there shall have been one or more losses which would have
been covered by such a policy had it been maintained, immediately deposit into the Collection Account or, if applicable, related Whole
Loan Custodial Account from its own funds the amount not otherwise payable under such policy because of such deductible to the extent
that any such deductible exceeds the deductible limitation that pertained to the related Mortgage Loan and/or related Serviced Companion
Loan(s) related thereto, or, in the absence of any such deductible limitation, the deductible limitation which is consistent with the
Servicing Standard.

(iii)             In either case, if the Master Servicer or Special Servicer, as applicable, causes any Mortgaged Property or REO Property to be
covered by such “force-placed” insurance policy, the incremental costs of such insurance applicable to such Mortgaged
Property or REO Property (i.e., other than any minimum or standby premium payable for such policy whether or not any Mortgaged Property
or REO Property is covered thereby) shall be paid as a Property Advance. Any legal fees or other out-of-pocket costs incurred
in accordance with the Servicing Standard in connection with any claim under an insurance policy described above (whether by the Master
Servicer or Special Servicer) shall be paid by, and reimbursable to, the Master Servicer as a Property Advance.

(c)              
The Master Servicer and the Special Servicer shall each obtain and maintain in effect a fidelity bond or similar form of insurance
coverage (which may provide blanket coverage) or a combination of fidelity bond and insurance coverage, in such form as is consistent
with the Servicing Standard and in such amounts that are consistent with the Servicing Standard, insuring against loss occasioned by fraud,
theft or other intentional misconduct of the officers and employees of the Master Servicer or the Special Servicer, as the case may be.
The Master Servicer and the Special Servicer each shall be deemed to have complied with this provision if one of its respective Affiliates
has such fidelity bond coverage and, by the terms of such fidelity bond, the coverage afforded thereunder extends to the Master Servicer
or the Special Servicer, as applicable. In addition, the Master Servicer and the Special Servicer shall each keep in force during the
term of this Agreement a policy or policies of insurance covering loss occasioned by the errors and omissions of its officers and employees
in connection with its obligations to service the Mortgage Loans

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and any Serviced Companion Loans hereunder
in such form as is consistent with the Servicing Standard and in such amounts as are consistent with the Servicing Standard. Notwithstanding
the foregoing, so long as the Master Servicer (or its corporate parent) or the Special Servicer (or its corporate parent), as applicable,
has (i) a short term deposit or unsecured debt rating of at least “F1” by Fitch, (ii) if rated by KBRA, a long term unsecured
debt rating of at least “A-” by KBRA, (iii) a long term unsecured debt rating or deposit account rating of at least “A(low)”
as rated by DBRS Morningstar, and (iv) a long term unsecured debt rating or deposit account rating of at least “A3” by Moody’s,
the Master Servicer or the Special Servicer, as applicable, may self-insure for the fidelity bond and errors and omissions coverage
otherwise required above. The Master Servicer shall cause each and every Sub-Servicer it has engaged to maintain or cause to be maintained
by an agent or contractor servicing any Mortgage Loan or Serviced Whole Loan on behalf of such Sub-Servicer, a fidelity bond and an
errors and omissions insurance policy which satisfy the requirements for the fidelity bond and the errors and omissions policy to be maintained
by the Master Servicer to comply with the foregoing. All fidelity bonds and policies of errors and omissions insurance obtained under
this Section 3.08(c) shall be issued by a Qualified Insurer.

(d)              
Each of the Operating Advisor and Asset Representations Reviewer shall obtain and maintain at its own expense and keep in full
force and effect throughout the term of this Agreement an “errors and omissions” insurance policy with a Qualified Insurer
covering losses that may be sustained as a result of an officer’s or employee’s errors or omissions.

Section 3.09          
Enforcement of Due-On-Sale and Due-On-Encumbrance Clauses; Assumption Agreements; Defeasance Provisions.

(a)              
Upon receipt of any request of a waiver or consent in respect of a due-on-sale or due-on-encumbrance provision
under the Loan Documents of a Serviced Loan, the Special Servicer shall promptly process and analyze such request, including the preparation
of written materials in connection with such analysis, and determine in a manner consistent with the Servicing Standard whether to waive
any right to accelerate payment the lender may have, or grant its consent, under the due-on-sale or due-on-encumbrance
provision of such Serviced Loan. If the Master Servicer receives any such request with respect to Performing Serviced Loans, the Master
Servicer shall promptly deliver a copy of such request to the Special Servicer. Notwithstanding the forgoing, with respect to any Performing
Serviced Loan as to which the Master Servicer and the Specially Servicer mutually agree, the Master Servicer shall process and analyze
any such request, including the preparation of written materials in connection with such analysis, in accordance with the Servicing Standard,
and provide its written recommendation and analysis to the Special Servicer as to whether or not to waive any right to accelerate payment
the lender may have, or grant its consent, under the due-on-sale or due-on-encumbrance provision of such Serviced Loan
(with any such recommended course of action to be subject to the Special Servicer’s consent).

Both the Master Servicer
and the Special Servicer (as applicable in accordance with the first paragraph of this Section 3.09(a)) each in a manner consistent
with the Servicing Standard

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and each on behalf of the Trustee as the mortgagee
of record, shall, to the extent permitted by applicable law, enforce the restrictions contained in the related Loan Documents on transfers
or further encumbrances of the related Mortgaged Property and on transfers or further encumbrances of interests in the related Mortgagor,
unless following receipt of a request for a waiver or consent in respect of a due-on-sale or due-on-encumbrance provision
the Master Servicer (to the extent that it is processing such request pursuant to the first paragraph of this Section 3.09(a),
with the written consent of the Special Servicer, which consent shall be deemed given if not denied within 15 Business Days (or, with
respect to a Serviced Whole Loan, such longer period as required by the related Co-Lender Agreement, but in no event less than 5 Business
Days after the time period set forth in such Co-Lender Agreement for review by any related Serviced Companion Loan Holder or its Companion
Loan Holder Representative) after the Special Servicer’s receipt (unless earlier objected to) of the written recommendation and
analysis of the Master Servicer for such action and any additional information reasonably available to the Master Servicer that the Special
Servicer may reasonably request for the analysis of such request, which recommendation and information may be delivered in an electronic
format reasonably acceptable to the Master Servicer and the Special Servicer) or the Special Servicer, as applicable, has determined,
consistent with the Servicing Standard, that the waiver of such restrictions or granting of consent would be in accordance with the Servicing
Standard. Promptly after the Master Servicer (with the written consent of the Special Servicer to the extent required pursuant to this
Section 3.09(a)) or the Special Servicer, as applicable, has made any determination to grant a waiver in respect of a due-on-sale
or due-on-encumbrance provision, the Master Servicer or the Special Servicer, as applicable, shall: (1) deliver to the Trustee,
the Certificate Administrator, each other party to this Agreement and, for posting to the Rule 17g-5 Information Provider’s
Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider an Officer’s Certificate
setting forth the basis for such determination; provided that, notwithstanding anything herein to the contrary, no such Officer’s
Certificate shall be required to be delivered if the Master Servicer or Special Servicer, as applicable, is granting consent to an assumption
pursuant to this Section 3.09(a) in accordance with the terms of the related Loan Documents and there is no material waiver
of any conditions or any other provisions of the related Loan Documents with respect thereto; and (2) close the related transaction, subject
to the consent of the Special Servicer obtained as described above (if the Master Servicer is processing such request) and to the consent
rights of any applicable Directing Holder and/or the consultation rights of any applicable Consulting Party (to the extent any such Directing
Holder or Consulting Party has consent or consultation rights, as applicable, pursuant to any related Co-Lender Agreement or pursuant
to Section 3.29, Section 6.09, Section 3.24 or this Section 3.09(a), as applicable), and subject to Sections
3.09(b), 3.21, 3.24, 3.25 and Section 3.28; provided, however, that neither the Master Servicer nor the
Special Servicer shall enter into any such agreement to the extent that any terms thereof would result in (i) the imposition of a tax
on a Trust REMIC under the REMIC Provisions or cause any Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail
to qualify as a grantor trust under subpart E, part I of subchapter J of the Code for federal income tax purposes at any time that any
Certificate is outstanding or (ii) create any lien on a Mortgaged Property that is senior to, or on parity with, the lien of the related
Mortgage.

With respect to all Serviced
Mortgage Loans and each Serviced Whole Loan, the Special Servicer shall, prior to consenting to a proposed action of the Master Servicer
pursuant to this Section 3.09 that constitutes a Major Decision, and prior to itself taking such an action, obtain the written
consent of any applicable Directing Holder, which consent shall be deemed given ten

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(10) Business Days after receipt (unless earlier
objected to) by such related Directing Holder of the Major Decision Reporting Package for such action, which recommendation and information
may be delivered in an electronic format reasonably acceptable to the related Directing Holder and the Master Servicer or the Special
Servicer, as applicable.

In addition, neither the
Master Servicer nor the Special Servicer may waive the rights of the lender or grant its consent under any “due-on-encumbrance”
provision unless (1) the Master Servicer or the Special Servicer, as applicable (in each case, if it is the party processing the related
request pursuant to this Section 3.09(a)), shall have received a prior written Rating Agency Confirmation with respect to
such action, or (2) the affected Serviced Mortgage Loan (including a Serviced Mortgage Loan related to a Serviced Whole Loan) (A)
represents less than 2% of the aggregate principal balance of all of the Mortgage Loans in the Trust Fund, (B) has a principal balance
that is equal to or less than $35,000,000, (C) has a Loan-to-Value Ratio equal to or less than 85% (including any existing and
proposed debt), (D) has a Debt Service Coverage Ratio equal to or greater than 1.20x (in each case, determined based upon the aggregate
of the Stated Principal Balance of the Serviced Mortgage Loan, any related Serviced Companion Loan (if applicable) and the principal amount
of the proposed additional lien) and (E) is not one of the 10 largest Mortgage Loans (considering any Cross-Collateralized Group as
a single Mortgage Loan) in the Mortgage Pool based on principal balance or (3) the affected Serviced Mortgage Loan (including a Serviced
Mortgage Loan related to a Serviced Whole Loan) has a principal balance less than $10,000,000; provided that, for the avoidance
of doubt, notwithstanding any provision contained in the related Loan Documents to the contrary, no Rating Agency Confirmation shall be
required in connection with such waiver or grant of consent under any “due-on-encumbrance” provision if the affected
Serviced Mortgage Loan satisfies the conditions set forth in clause (2) or clause (3) above of this sentence.

Further, neither the Master
Servicer nor the Special Servicer may waive the rights of the lender or grant its consent under any “due-on-sale”
provision unless (1) the Master Servicer or the Special Servicer, as applicable (in each case, if it is the party processing the related
request pursuant to this Section 3.09(a)), shall have received a prior written Rating Agency Confirmation with respect to
such action, or (2) the affected Serviced Mortgage Loan (including a Serviced Mortgage Loan related to a Serviced Whole Loan) (A) represents
less than 5% of the principal balance of all of the Mortgage Loans in the Trust Fund, (B) has a principal balance that is equal to or
less than $35,000,000 and (C) is not one of the 10 largest Mortgage Loans (considering any Cross-Collateralized Group as a single
Mortgage Loan) in the Mortgage Pool based on principal balance or (3) the affected Serviced Mortgage Loan (including a Serviced Mortgage
Loan related to a Serviced Whole Loan) has a principal balance less than $10,000,000; provided that, for the avoidance of doubt,
notwithstanding any provision contained in the related Loan Documents to the contrary, no Rating Agency Confirmation shall be required
in connection with such waiver or grant of consent under any “due-on-sale” provision if the affected Serviced Mortgage
Loan satisfies the conditions set forth in clause (2) or clause (3) above of this sentence. For the purposes of this Agreement,
due-on-sale provisions shall include, without limitation, sales or transfers of Mortgaged Properties, in full or in part, or the
sale, transfer, pledge or hypothecation of direct or indirect interests in any Mortgagor or its owner, in each case to the extent not
permitted under the related Loan Documents, and due-on-encumbrance provisions shall include, without limitation, any mezzanine/subordinate
financing of any Mortgagor or any Mortgaged Property or any sale or

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transfer of preferred equity in any Mortgagor
or its owners, in each case to the extent not permitted under the related Loan Documents.

The Master Servicer or the
Special Servicer, as applicable (in each case, if it is the party processing the related request pursuant to this Section 3.09(a)),
shall notify in writing the Trustee, the Certificate Administrator, the Special Servicer or the Master Servicer, as applicable, the Controlling
Class Representative (prior to the occurrence and continuance of a Consultation Termination Event), the Operating Advisor, each Risk
Retention Consultation Party (other than with respect to any related Excluded RRCP Mortgage Loan), the Rule 17g-5 Information
Provider (for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement)
and, with respect to a Serviced Whole Loan, each related Serviced Companion Loan Holder, of any assumption or substitution agreement executed
pursuant to this Section 3.09(a) and shall forward thereto a copy of such agreement, and shall also deliver to the Certificate
Administrator (or a Custodian appointed by it) an original of the recorded agreement relating to such assumption or substitution within
15 Business Days following the execution and receipt thereof by the Master Servicer or the Special Servicer, as applicable.

In connection with any request
for a Rating Agency Confirmation from a Rating Agency pursuant to this Section 3.09(a), the Master Servicer or the Special
Servicer, as applicable (in each case, if it is the party processing the related request pursuant to the first paragraph of this Section 3.09(a)),
shall deliver a Review Package to the Rule 17g-5 Information Provider for posting to the Rule 17g-5 Information Provider’s
Website in accordance with Section 12.13 of this Agreement.

Further, subject to the terms
of the related Loan Documents and applicable law, the Master Servicer or the Special Servicer, as applicable (in each case, if it is the
party processing the related request pursuant to this Section 3.09(a)), shall use reasonable efforts to cause all costs in
connection with any assumption or encumbrance, including any arising from seeking a Rating Agency Confirmation, to be paid by the related
Mortgagor. To the extent not collected from the related Mortgagor after the use of such efforts, any rating agency charges in connection
with the foregoing shall be paid by the Master Servicer as a Property Advance (or as an Additional Trust Fund Expense if such Property
Advance would be a Nonrecoverable Advance).

To the extent not prohibited
by the applicable Loan Documents and applicable law, the Master Servicer or Special Servicer, as applicable, may charge the related Mortgagor
a fee in connection with any enforcement or waiver contemplated in this subsection (a); provided that any such fee
shall be applied as if it were a Modification Fee and/or Assumption Fee, as applicable, pursuant to the terms of this Agreement.

(b)              
Nothing in this Section 3.09 shall constitute a waiver of the Trustee’s right, as the mortgagee of record, to
receive notice of any assumption of a Mortgage Loan, any sale or other transfer of the related Mortgaged Property or the creation of any
lien or other encumbrance with respect to such Mortgaged Property.

(c)              
In connection with the taking of, or the failure to take, any action pursuant to this Section 3.09, neither the Master
Servicer nor the Special Servicer shall agree to modify, waive or amend, and no assumption or substitution agreement entered into

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pursuant to Section 3.09(a)
of this Agreement shall contain any terms that are different from, any term of any Mortgage Loan or Serviced Companion Loan or the
related Note, other than pursuant to Section 3.24 of this Agreement.

(d)              
With respect to any Serviced Mortgage Loan or Serviced Whole Loan which permits release of Mortgaged Properties through defeasance,
and to the extent consistent with the terms of the related Loan Documents:

(i)        
Subject to the consent rights of the Special Servicer and the Directing Holder and the process set forth in Sections 3.24
and 6.09 with respect to Major Decisions and Special Servicer Decisions (provided that such consent rights of the Special Servicer
and/or the Directing Holder shall be subject to the limitations set forth in Section 3.09(e)), the Master Servicer shall process
all defeasances of Serviced Mortgage Loans and Serviced Whole Loans in accordance with the terms of the related Loan Documents, and shall
be entitled to any defeasance fees paid relating thereto (provided that for the avoidance of doubt, any such defeasance fee shall not
include the Special Servicer’s portion of any Modification Fees or waiver fees in connection with a defeasance to which the Special
Servicer is entitled under this Agreement).

(ii)         
In the event such Serviced Mortgage Loan or Serviced Whole Loan requires that the Master Servicer on behalf of the Trustee purchase
the required “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940,
or any other securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii), the Master Servicer, an accommodation
Mortgagor pursuant to clause (v) below or the Mortgagor shall, at the Mortgagor’s expense (to the extent consistent with
the related Loan Documents), purchase or cause the purchase of such obligations in accordance with the terms of such Mortgage Loan or
Serviced Whole Loan and deliver to the Master Servicer, in the case of the Mortgagor, or in the case of the Master Servicer, hold the
same on behalf of the Trust Fund and, if applicable, the related Serviced Companion Loan Holder; provided that, subject to the
related Loan Documents, the Master Servicer shall not accept the amounts paid by the related Mortgagor to effect defeasance until acceptable
“government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, or any other
securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii) have been identified, in each case which
are acceptable as defeasance collateral under the then most recently published current guidelines of the Rating Agencies. Notwithstanding
the foregoing, with respect to each of the Mortgage Loans identified on Exhibit Q to this Agreement (each, a “Retained
Defeasance Rights and Obligations Mortgage Loan” and, collectively, the “Retained Defeasance Rights and Obligations
Mortgage Loans”), the related Mortgage Loan Seller or originator has transferred to a third party or has retained the right
to establish or designate the successor borrower and/or to purchase or cause to be purchased the related defeasance collateral (“Retained
Defeasance Rights and Obligations”). In the event the Master Servicer receives notice of a defeasance request with respect
to a Mortgage Loan that provides for Retained Defeasance Rights and Obligations in the related Loan

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Documents, the Master Servicer shall provide,
within five (5) business days of receipt of such notice, written notice of such defeasance request to the related Mortgage Loan Seller
(or such other party specified below) or to the related Mortgage Loan Seller’s assignee. Until such time as CREFI provides written
notice to the contrary, the notice of a defeasance of a Mortgage Loan with Retained Defeasance Rights and Obligations as to which CREFI
is the related Mortgage Loan Seller shall be delivered to richard.simpson@citi.com and ana.rosu@citi.com. Until such time
as SMC provides written notice to the contrary, the notice of a defeasance of a Mortgage Loan with Retained Defeasance Rights and Obligations
as to which SMC is the related Mortgage Loan Seller shall be delivered to SMC in accordance with Section 12.04.

(iii)    
The Master Servicer shall require, to the extent the related Loan Documents grant the mortgagee discretion to so require, delivery
of an Opinion of Counsel (which shall be an expense of the related Mortgagor to the extent consistent with the related Loan Documents)
to the effect that the Trustee on behalf of the Certificateholders and the Uncertificated VRR Interest Owner has a first priority security
interest in the defeasance deposit and the “government securities” within the meaning of Section 2(a)(16) of the Investment
Company Act of 1940, or any other securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii), and the assignment
thereof is valid and enforceable; such opinion, together with any other certificates or documents to be required in connection with such
defeasance shall be in form and substance acceptable to the Master Servicer.

(iv)    
The Master Servicer shall obtain, to the extent the related Loan Documents grant the mortgagee discretion to so obtain, a certificate
(which shall be an expense of the related Mortgagor to the extent consistent with the related Loan Documents) from an Independent certified
public accountant certifying that the “government securities” within the meaning of Section 2(a)(16) of the Investment
Company Act of 1940, or any other securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii), comply with
the requirements of the related Loan Agreement or Mortgage.

(v)       
To the extent consistent with the related Loan Documents, prior to permitting release of any Mortgaged Properties through defeasance,
the Master Servicer shall (at the Mortgagor’s expense) obtain a Rating Agency Confirmation; provided that the Master Servicer shall
not be required to obtain such Rating Agency Confirmation from any Rating Agency to the extent that the Master Servicer has delivered
a defeasance certificate to such Rating Agency substantially in the form of Exhibit DD to this Agreement for any Mortgage
Loan that, at the time of such defeasance, is (x) not one of the ten largest Mortgage Loans by Stated Principal Balance, (y) a
Mortgage Loan with a Stated Principal Balance equal to or less than $35,000,000 and (z) a Mortgage Loan that represents less than 5%
of the Stated Principal Balance of all Mortgage Loans.

(vi)      
If the Mortgage Loan or Serviced Whole Loan permits the related Mortgagor or the lender or its designee to cause an accommodation
Mortgagor to

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assume such defeased obligations, the Master
Servicer shall, or shall cause the Mortgagor to, establish at the Mortgagor’s cost and expense (and shall use efforts consistent
with the Servicing Standard to cause the related Mortgagor to consent to such assumption) a special purpose bankruptcy-remote
entity to assume such obligations, as to which the Trustee and the Certificate Administrator has received a Rating Agency Confirmation
(if such confirmation is required pursuant to the then most recently published guidelines of the Rating Agencies).

(vii)   
To the extent consistent with the related Loan Documents, the Master Servicer shall require the related Mortgagor to pay all costs
and expenses incurred in connection with the defeasance of the related Mortgage Loan or Serviced Whole Loan. In the event that the Mortgagor
is not required to pay any such costs and expenses under the terms of the Loan Documents, such costs and expenses shall be Additional
Trust Fund Expenses.

(viii)  
In no event shall the Master Servicer have liability to any party hereto or beneficiary hereof for obtaining a Rating Agency Confirmation
(or conditioning approval of defeasance on the delivery of a Rating Agency Confirmation) or for imposing conditions to approval
of a defeasance on the satisfaction of conditions that are consistent with the Servicing Standard but are not required under Rating Agency
guidelines (provided that this shall not protect the Master Servicer from any liability that may be imposed as a result of the
violation of applicable law or the Loan Documents).

(ix)      
The Master Servicer may accept as defeasance collateral any “government security,” within the meaning of Treasury
Regulation’s Section 1.860G-(2)(a)(8)(ii), notwithstanding any more restrictive requirements in the Loan Documents;
provided, that the Master Servicer has received an Opinion of Counsel that acceptance of such defeasance collateral will not endanger
the status of any Trust REMIC as a REMIC or result in the imposition of a tax upon any Trust REMIC or the Trust Fund (including but not
limited to the tax on “prohibited transactions” as defined in Section 860F(a)(2) of the Code and the tax on contributions
to a REMIC set forth in Section 860G(d) of the Code, but not including the tax on “net income from foreclosure property”
as set forth in Section 860G(c) of the Code).

(e)              
Notwithstanding any other provision of this Agreement, without any other approval or consent of the Special Servicer or the Directing
Holder, the Master Servicer (for Performing Serviced Loans) or the Special Servicer (for Specially Serviced Loans) may grant and process
a Mortgagor’s request for consent to (i) subject the related Mortgaged Property to an immaterial easement, right of way or similar
agreement for utilities, access, parking, public improvements or another purpose (and may consent to subordination of the related Serviced
Loan to such easement, right of way or similar agreement) and (ii) to the release, substitution or addition of collateral securing any
Serviced Loan in connection with a defeasance of such collateral (provided that the proposed defeasance collateral is of a type permitted
under the related Loan Documents and provided further that, with respect to the Master Servicer, such defeasance does not

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require any modification, waiver or amendment
of such Loan Documents as described in clauses (e)(i) and (ii) of the definition of “Special Servicer Decision”; provided
that in each case, the Master Servicer or Special Servicer, as applicable, (A) shall have determined in accordance with the Servicing
Standard that such action will not materially and adversely affect the operation or value of such Mortgaged Property or the Trust Fund’s
interest in the Mortgaged Property, (B) shall have determined that such action will not cause any Trust REMIC to fail to qualify
as a REMIC at any time that any Certificates are outstanding. The Master Servicer or the Special Servicer may rely on an Opinion of Counsel
in making any such determination and (C) in the case of any action described in clause (ii) above, shall have complied with the provisions
of Section 3.09(d) (other than the requirement to obtain the consent of the Special Servicer and/or the Directing Holder as contemplated
by Section 3.09(d)(i)).

Section 3.10          
Appraisal Reductions; Calculation and Allocation of Collateral Deficiency Amounts; Realization Upon Defaulted Loans.

(a)              
Promptly upon knowledge of the occurrence of an Appraisal Reduction Event with respect to a Serviced Loan, the Special Servicer
shall use reasonable efforts to (i) obtain an updated Appraisal of the related Mortgaged Property, the costs of which shall be advanced
by, and reimbursable to, the Master Servicer as a Property Advance (or shall be an expense of the Trust Fund and paid by the Master Servicer
out of the Collection Account if such Property Advance would be a Nonrecoverable Advance) or (ii) conduct an internal valuation if the
related Serviced Mortgage Loan (considering any Cross-Collateralized Group as a single Mortgage Loan) or Serviced Whole Loan has an
outstanding principal balance of less than $2,000,000 (provided that the Special Servicer may, in its sole discretion in accordance with
the Servicing Standard, obtain an updated Appraisal of the related Mortgaged Property as contemplated by the preceding clause (i));
provided, however, that the Special Servicer shall not be required to obtain an updated Appraisal or conduct an internal
valuation of any Mortgaged Property with respect to which there exists an Appraisal which is less than nine (9) months old unless the
Special Servicer determines in accordance with the Servicing Standard that such previously obtained Appraisal is materially inaccurate.
With respect to any Serviced Loan for which an Appraisal Reduction Event has occurred and still exists, the Special Servicer shall obtain
annual letter updates to any updated Appraisal. Any Appraisal prepared in order to determine the Appraisal Reduction Amount with respect
to a Serviced Whole Loan shall be delivered by the Special Servicer, upon request, to each related Serviced Companion Loan Holder.

As of the first Determination
Date following a Serviced Trust Loan becoming an AB Modified Loan, the Special Servicer shall calculate whether a Collateral Deficiency
Amount exists with respect to such AB Modified Loan, taking into account the most recent Appraisal obtained (or, if applicable, internal
valuation performed) by the Special Servicer with respect to such Serviced Trust Loan, and all other information relevant to a Collateral
Deficiency Amount determination. The Master Servicer shall provide (via electronic delivery) the Special Servicer with information in
its possession that is reasonably required to calculate or recalculate any Collateral Deficiency Amount pursuant to the definition thereof
using reasonable efforts to deliver such information within four (4) Business Days of the Special Servicer’s reasonable written

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request. Upon obtaining actual knowledge or
receipt of notice by the Special Servicer that an Outside Serviced Mortgage Loan has become an AB Modified Loan, the Special Servicer
shall (i) promptly request from the related Outside Servicer, Outside Special Servicer and Outside Trustee the most recent appraisal with
respect to such AB Modified Loan, in addition to all other information reasonably required by the Special Servicer to calculate whether
a Collateral Deficiency Amount exists with respect to such AB Modified Loan, and (ii) as of the first Determination Date following receipt
by the Special Servicer of the appraisal and any other information set forth in the immediately preceding clause (i) that the Special
Servicer reasonably expects to receive (and does receive within a reasonable period of time) and reasonably believes is necessary to perform
such calculation, calculate whether a Collateral Deficiency Amount exists with respect to such AB Modified Loan, taking into account the
most recent appraisal obtained by the Special Servicer from the Outside Servicer, Outside Special Servicer or Outside Trustee, as the
case may be, with respect to such Outside Serviced Mortgage Loan, and all other information relevant to a Collateral Deficiency Amount
determination. In connection with its calculation of a Collateral Deficiency Amount with respect to an Outside Serviced Mortgage Loan
that has become an AB Modified Loan, the Special Servicer shall be entitled to conclusively rely on any appraisal or other information
received from the related Outside Servicer, Outside Special Servicer or Outside Trustee. The Special Servicer shall notify the Master
Servicer and the Certificate Administrator of any Collateral Deficiency Amount calculated by the Special Servicer with respect to an Outside
Serviced Mortgage Loan that has become an AB Modified Loan. The Master Servicer and the Certificate Administrator shall be entitled to
conclusively rely on any Collateral Deficiency Amounts calculated by the Special Servicer with respect to an Outside Serviced Mortgage
Loan. Upon any other party to this Agreement obtaining knowledge or receipt of notice that an Outside Serviced Mortgage Loan has become
an AB Modified Loan, such party shall promptly notify the Special Servicer thereof. None of the Trustee, the Certificate Administrator
or the Master Servicer shall calculate or verify any Collateral Deficiency Amount.

The Certificate Balance of
each Class of applicable Principal Balance Certificates shall be notionally reduced (for purposes of determining the identity of
the Non-Reduced Certificates and the Controlling Class, as well as the occurrence of a Control Termination Event, and, to the extent
expressly set forth herein, for purposes of allocating and/or exercising Voting Rights in connection with certain circumstances involving
the termination of certain parties hereto) as of any date of determination to the extent of the Appraisal Reduction Amount(s) allocated
to such Class on the preceding Distribution Date. An amount equal to the Vertically Retained Percentage of the aggregate Appraisal
Reduction Amount allocated to, or in respect of, the Mortgage Loans for any Distribution Date shall be applied to notionally reduce (to
not less than zero) the Combined VRR Interest Balance of the Combined VRR Interest (which amount shall, in turn, be applied to notionally
reduce (to not less than zero) the Certificate Balance of the Class VRR Certificates and the Uncertificated VRR Interest Balance of the
Uncertificated VRR Interest, pro rata, based on the respective then-outstanding amounts of such Certificate Balance and Uncertificated
VRR Interest Balance). The Non-Vertically Retained Percentage of the aggregate Appraisal Reduction Amount allocated to, or in respect
of, the Mortgage Loans for any Distribution Date shall be applied to notionally reduce the Certificate Balances of the following Classes
of Non-Vertically Retained Principal Balance Certificates in the following order of priority: first, to the Class H Certificates;
second, to the Class G Certificates; third, to the Class F Certificates; fourth, to the Class E Certificates;
fifth, to the Class D Certificates; sixth, to the Class C Certificates; seventh, to the Class B Certificates;
eighth, to the Class A-S Certificates; and

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finally, pro rata to the (i) Class A-1
Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A-5 Certificates and (v) Class A-SB
Certificates, based on their respective Certificate Balances (provided in each case that no Certificate Balance in respect of any such
Class may be notionally reduced below zero). In addition, as of any date of determination for purposes of determining the Controlling
Class or the occurrence of a Control Termination Event, and after taking into account the allocations contemplated by the prior sentence,
the Non-Vertically Retained Percentage of Collateral Deficiency Amounts in respect of or allocated to the Mortgage Loans shall be
applied to notionally reduce the Certificate Balances of each Class of the Control Eligible Certificates in the following order of
priority (in each case after taking into account any Appraisal Reduction Amounts allocated thereto): first, to the Class H Certificates;
second, to the Class G Certificates; and third, to the Class F Certificates (provided in each case that no Certificate Balance
in respect of any such Class may be notionally reduced below zero). For the avoidance of doubt, for purposes of determining the Controlling
Class or the occurrence of a Control Termination Event, any Class of Control Eligible Certificates shall be allocated the Non-Vertically
Retained Percentage of both applicable Appraisal Reduction Amounts and applicable Collateral Deficiency Amounts, in accordance with the
preceding two sentences.

Any Appraisal Reduction Amounts
allocated to the Trust Subordinate Companion Loan shall be allocated to each Class of Loan-Specific Certificates in reverse sequential
order to notionally reduce the Certificate Balance thereof until the related Certificate Balance of each such Class is reduced to
zero (i.e., first to the Class YLRR Certificates, second to the Class YL-D Certificates, third to the Class YL-C
Certificates, fourth to the Class YL-B Certificates, last to the Class YL-A Certificates). In addition, for purposes of
determining the Loan-Specific Controlling Class, any Collateral Deficiency Amounts in respect of or allocated to the Trust Subordinate
Companion Loan shall be allocated to each Class of the Loan-Specific Control Eligible Certificates (if more than one, in reverse sequential
order) to notionally reduce the Certificate Balance thereof until the related Certificate Balance of each such Class is reduced to zero.
For the avoidance of doubt, for purposes of determining the Loan-Specific Controlling Class, any Class of the Loan-Specific Control Eligible
Certificates shall be allocated both applicable Appraisal Reduction Amounts and applicable Collateral Deficiency Amounts, as described
in this paragraph.

With respect to any Appraisal
Reduction Amount calculated for the purposes of determining the Non-Reduced Certificates or, to the extent expressly set forth herein,
for the purposes of allocating and/or exercising Voting Rights or Pooled Voting Rights in connection with certain circumstances involving
the termination of certain parties hereto, and with respect to any Appraisal Reduction Amount or Collateral Deficiency Amount calculated
for purposes of determining the Controlling Class (or any applicable Loan-Specific Controlling Class), or the occurrence of a Control
Termination Event (or any applicable Loan-Specific Control Termination Event), the appraised value of the related Mortgaged Property shall
be determined on an “as-is” basis.

The Special Servicer shall
promptly notify the Master Servicer, the Controlling Class Representative (for so long as the Controlling Class Representative is the
applicable Directing Holder or Consulting Party), the Operating Advisor, the Certificate Administrator of the determination and any redetermination
of (i) any Appraisal Reduction Amount, (ii) any Collateral Deficiency Amount, and (iii) any resulting Cumulative Appraisal Reduction Amount
by providing such information in the CREFC® Appraisal Reduction Template or in a format mutually agreeable

    	 	- 265 -	 

     

    

to both the Special Servicer and the recipient,
and the Certificate Administrator shall promptly post notice of the determination of any such Appraisal Reduction Amount, Collateral Deficiency
Amount and/or Cumulative Appraisal Reduction Amount, as applicable, including such CREFC® Appraisal Reduction Template,
on the Certificate Administrator’s Website.

Any Appraisal Reduction Amounts
with respect to each Serviced Whole Loan shall be allocated, first, to any related Serviced Subordinate Companion Loan(s) (up to the outstanding
principal balance(s) thereof), and then, to the related Serviced Mortgage Loan and any related Serviced Pari Passu Companion Loan(s),
on a pro rata and pari passu basis in accordance with the respective outstanding principal balances of such related Serviced Mortgage
Loan and the related Serviced Pari Passu Companion Loan(s). Notwithstanding the foregoing, if so provided in the related Co-Lender
Agreement, the holder of a Serviced Subordinate Companion Loan may be permitted to post cash or a letter of credit to offset all or some
portion of an Appraisal Reduction Amount.

The Holders of the majority
(by Certificate Balance) of an Appraised-Out Class shall have the right, at their sole expense, to require the Special Servicer
to order a second Appraisal of the Mortgaged Property securing any Serviced Loan (or, in the case of a Class of Loan-Specific Control
Eligible Certificates that is an Appraised-Out Class, the related Serviced Whole Loan) as to which there exists an Appraisal Reduction
Amount or a Collateral Deficiency Amount (such Holders, the “Requesting Holders”). The Special Servicer shall use its
reasonable efforts to cause such Appraisal to be (i) delivered within 30 days from receipt of the Requesting Holders’
written request and (ii) prepared on an “as-is” basis by an Appraiser in accordance with MAI standards. Upon receipt
of such second Appraisal, the Special Servicer shall determine, in accordance with the Servicing Standard, whether, based on its assessment
of such second Appraisal, any recalculation of the applicable Appraisal Reduction Amount or Collateral Deficiency Amount is warranted
and, if so warranted, the Special Servicer shall recalculate such Appraisal Reduction Amount or Collateral Deficiency Amount, as applicable,
based upon such second Appraisal and receipt of information reasonably requested by the Special Servicer from the Master Servicer and
reasonably required to calculate or recalculate the Appraisal Reduction Amount or Collateral Deficiency Amount, as applicable. The Special
Servicer shall promptly deliver notice to the Certificate Administrator and the Master Servicer of any such determination and recalculation
of Appraisal Reduction Amount or Collateral Deficiency Amount, as applicable, and the Certificate Administrator shall promptly post such
notice to the Certificate Administrator’s Website. If required by any such recalculation, the applicable Appraised-Out Class shall
be reinstated as the Controlling Class or applicable Loan-Specific Controlling Class and each other affected Class of Principal Balance
Certificates and the Uncertificated VRR Interest will, if applicable, have its related Certificate Balance or Uncertificated VRR Interest
Balance, as applicable, notionally restored to the extent required by such recalculation of the Appraisal Reduction Amount or Collateral
Deficiency Amount, as applicable.

Any Appraised-Out Class as
to which one or more Holders are Requesting Holders challenging the Special Servicer’s Appraisal Reduction Amount or Collateral
Deficiency Amount determination may not exercise any direction, control, consent and/or similar rights of the Controlling Class (or
any applicable Loan-Specific Controlling Class) until such time, if any, as such Class is reinstated as the Controlling
Class (or any applicable Loan-Specific Controlling Class) and no Control Termination Event (or Control Appraisal Period with
respect to a Serviced

    	 	- 266 -	 

     

    

Whole Loan or related Loan-Specific Control
Termination Event), exists, and the rights of the Controlling Class (or Loan-Specific Controlling Class) shall be exercised
by the most subordinate Class of Control Eligible Certificates (or Loan-Specific Control Eligible Certificates, as applicable) that
is not an Appraised-Out Class, if any, during such period.

Appraisals that are to be
obtained by the Special Servicer at the request of, Holders of an Appraised-Out Class shall be in addition to any Appraisals
that the Special Servicer may otherwise be required to obtain in accordance with the Servicing Standard or this Agreement without regard
to any appraisal requests made by any Holder of an Appraised-Out Class.

(b)              
In connection with any foreclosure, enforcement of the Loan Documents or other acquisition, the Master Servicer in accordance with
Section 3.20 of this Agreement shall pay the out-of-pocket costs and expenses in any such proceedings as a Property
Advance unless the Master Servicer determines, in accordance with the Servicing Standard, that such Advance would constitute a Nonrecoverable
Advance (in which case such costs shall be an expense of the Trust Fund and paid by the Master Servicer out of the Collection Account).
The Master Servicer shall be entitled to reimbursement of Advances (with interest at the Advance Rate) made pursuant to the preceding
sentence to the extent permitted by Section 3.06(a)(ii) of this Agreement.

Subject to Section 3.21
of this Agreement, if the Special Servicer elects to proceed with a non-judicial foreclosure in accordance with the laws of the state
where the Mortgaged Property is located, the Special Servicer shall not be required to pursue a deficiency judgment against the related
Mortgagor or any other liable party if the laws of the state do not permit such a deficiency judgment after a non-judicial foreclosure
or if the Special Servicer determines, in accordance with the Servicing Standard, that the likely recovery if a deficiency judgment is
obtained will not be sufficient to warrant the cost, time, expense and/or exposure of pursuing the deficiency judgment and such determination
is evidenced by an Officer’s Certificate delivered to the Trustee, the Certificate Administrator, any applicable Directing Holder
and any applicable Consulting Party.

In the event that title to
any Mortgaged Property (other than any Mortgaged Property related to an Outside Serviced Mortgage Loan) is acquired in foreclosure or
by deed-in-lieu of foreclosure, the deed or certificate of sale shall be issued to the Trustee, to a co-trustee or to its
nominee (which shall not include the Master Servicer but may be a single member limited liability company owned by the Trust and managed
by the Special Servicer) or a separate trustee or co-trustee on behalf of the Trustee as holder of the Lower-Tier Regular
Interests and the Trust Subordinate Companion Loan Regular Interests and on behalf of the Holders of the Certificates, the Uncertificated
VRR Interest Owner and, if applicable, the related Loan-Specific Certificateholders and the related Serviced Companion Loan Holders. Notwithstanding
any such acquisition of title and cancellation of the related Serviced Mortgage Loan, the related Serviced Mortgage Loan shall (except
for purposes of Section 9.01) be considered to be an REO Mortgage Loan held in the Trust Fund until such time as the related
REO Property shall be sold by the Trust Fund and shall be reduced only by collections net of expenses.

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(c)              
 Notwithstanding any provision to the contrary, the Special Servicer shall not acquire for the benefit of the Trust Fund any personal
property pursuant to this Section 3.10 unless either:

(i)         
such personal property is (in the good faith judgment of the Special Servicer) incident to real property (within the meaning
of Code Section 856(e)(1)) so acquired by the Special Servicer for the benefit of the Trust Fund; or

(ii)        
the Special Servicer shall have requested and received an Opinion of Counsel (which opinion shall be an expense of the Trust Fund)
to the effect that the holding of such personal property by the Trust Fund will not cause the imposition of a tax on a Trust REMIC under
the REMIC Provisions or cause any Trust REMIC to fail to qualify as a REMIC for federal income tax purposes or cause the Grantor Trust
to fail to qualify as a grantor trust for federal income tax purposes at any time that any Certificate is outstanding.

(d)              
Notwithstanding any provision to the contrary in this Agreement, neither the Special Servicer nor the Master Servicer shall, on
behalf of the Trust Fund or, if applicable, the related Serviced Companion Loan Holder, obtain title to any direct or indirect partnership
or membership interest or other equity interest in any Mortgagor pledged pursuant to any pledge agreement, unless the Master Servicer
or the Special Servicer shall have requested and received an Opinion of Counsel (which opinion shall be an expense of the Trust Fund)
to the effect that the holding of such partnership or membership interest or other equity interest by the Trust Fund will not cause the
imposition of a tax on a Trust REMIC under the REMIC Provisions or cause any Trust REMIC to fail to qualify as a REMIC for federal income
tax purposes or cause the Grantor Trust to fail to qualify as a grantor trust for federal income tax purposes at any time that any Certificate
is outstanding.

(e)              
Notwithstanding any provision to the contrary contained in this Agreement, the Special Servicer shall not, on behalf of the Trust
Fund or, if applicable, the related Serviced Companion Loan Holders, obtain title to a Mortgaged Property as a result of foreclosure or
by deed-in-lieu of foreclosure or otherwise, obtain title to any direct or indirect partnership or membership interest in any
Mortgagor pledged pursuant to a pledge agreement and thereby be the beneficial owner of a Mortgaged Property, and shall not otherwise
acquire possession of, or take any other action with respect to, any Mortgaged Property if, as a result of any such action, the Custodian,
the Trustee, the Certificate Administrator, the Trust Fund, the Certificateholders, the Uncertificated VRR Interest Owner or, if applicable,
the related Serviced Companion Loan Holders, would be considered to hold title to, or be a “mortgagee-in-possession”
of, or to be an “owner” or “operator” of such Mortgaged Property within the meaning of the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, as amended from time to time, or any comparable law, unless the Special Servicer has
previously determined in accordance with the Servicing Standard, based on an updated environmental assessment report prepared by an Independent
Person who regularly conducts environmental audits, that:

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(i)         
 such Mortgaged Property is in compliance with applicable environmental laws or, if not, after consultation with an environmental
consultant, that it would be in the best economic interest of the Trust Fund and any related Serviced Companion Loan Holder (as a collective
whole) to take such actions as are necessary to bring such Mortgaged Property in compliance therewith; and

(ii)      
there are no circumstances present at such Mortgaged Property relating to the use, management or disposal of any Hazardous Materials
for which investigation, testing, monitoring, containment, clean-up or remediation could be required under any currently effective
federal, state or local law or regulation, or that, if any such Hazardous Materials are present for which such action could be required,
after consultation with an environmental consultant, it would be in the best economic interest of the Trust Fund and any related Serviced
Companion Loan Holder(s) (as a collective whole as if the Trust Fund and, if applicable, any related Serviced Companion Loan Holder(s)
constituted a single lender (and, in the case of a Serviced AB Whole Loan, taking into account the subordinate nature of any related
Subordinate Companion Loan(s))) to take such actions with respect to the affected Mortgaged Property as could be required by such law
or regulation.

In the event that the environmental
assessment first obtained by the Special Servicer with respect to a Mortgaged Property indicates that such Mortgaged Property may not
be in compliance with applicable environmental laws or that Hazardous Materials may be present but does not definitively establish such
fact, the Special Servicer shall cause such further environmental tests to be conducted by an Independent Person who regularly conducts
such tests as the Special Servicer shall deem prudent to protect the interests of Certificateholders, the Uncertificated VRR Interest
Owner and any related Serviced Companion Loan Holder. Any such tests shall be deemed part of the environmental assessment obtained by
the Special Servicer for purposes of this Section 3.10.

In the event that the Special
Servicer seeks to obtain title to a Mortgaged Property on behalf of the Trust Fund and any related Serviced Companion Loan Holder, the
Special Servicer may, in its discretion, establish a single member limited liability company with the Trust Fund and any related Serviced
Companion Loan Holder as the sole owner to hold title to such Mortgaged Property.

(f)               
The environmental assessment contemplated by Section 3.10(e) of this Agreement shall be prepared within three
months of the determination that such assessment is required by any Independent Person who regularly conducts environmental audits for
purchasers of commercial property where the Mortgaged Property is located, as determined by the Special Servicer in a manner consistent
with the Servicing Standard and, if applicable, any secured creditor impaired property policy issued on or prior to the Closing Date with
respect to any Trust Loan (including that the environmental assessment identify any potential pollution conditions (as defined in the
environmental insurance policy) with respect to the related Mortgaged Property). The Master Servicer shall advance the cost of preparation
of such environmental assessments unless the Master Servicer determines, in accordance with the Servicing Standard, that such Advance
would be a Nonrecoverable Advance (in which case such costs shall be an expense of the Trust Fund and paid by the

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Master Servicer out of the Collection
Account). The Master Servicer shall be entitled to reimbursement of Advances (with interest at the Advance Rate) made pursuant to
the preceding sentence in the manner set forth in Section 3.06 of this Agreement. Copies of any environmental assessment prepared
pursuant to Section 3.10(e) of this Agreement shall be provided to the Holder of any Principal Balance Certificates and
any related Serviced Companion Loan Holder upon written request to the Special Servicer.

(g)              
If the Special Servicer determines pursuant to Section 3.10(e)(i) of this Agreement that a Mortgaged Property
is not in compliance with applicable environmental laws, but that it is in the best economic interest of the Trust Fund and any related
Serviced Companion Loan Holder(s), as a collective whole as if the Trust Fund and any related Serviced Companion Loan Holder(s) constituted
a single lender (and, in the case of a Serviced AB Whole Loan, taking into account the subordinate nature of any related Subordinate Companion
Loan(s)), to take such actions as are necessary to bring such Mortgaged Property in compliance therewith, or if the Special Servicer determines
pursuant to Section 3.10(e)(ii) of this Agreement that the circumstances referred to therein relating to Hazardous Materials
are present, but that it is in the best economic interest of the Trust Fund and any related Serviced Companion Loan Holder(s), as a collective
whole as if the Trust Fund and any related Serviced Companion Loan Holder(s) constituted a single lender (and, in the case of a Serviced
AB Whole Loan, taking into account the subordinate nature of any related Subordinate Companion Loan(s)), to take such action with respect
to the containment, clean-up or remediation of Hazardous Materials affecting such Mortgaged Property as is required by law or regulation,
then the Special Servicer shall take such action as it deems to be in the best economic interest of the Trust Fund and any related Serviced
Companion Loan Holder(s), as a collective whole as if the Trust Fund and any related Serviced Companion Loan Holder(s) constituted a single
lender (and, in the case of a Serviced AB Whole Loan, taking into account the subordinate nature of any related Subordinate Companion
Loan(s)). The Master Servicer shall pay the cost of any such compliance, containment, clean-up or remediation from the Collection
Account.

(h)              
The Special Servicer shall notify the Master Servicer of any abandoned and/or foreclosed properties which require reporting to
the IRS and shall provide the Master Servicer with all information regarding forgiveness of indebtedness and required to be reported with
respect to any Mortgage Loan or Serviced Companion Loan which is abandoned or foreclosed and the Master Servicer shall report to the IRS
and the related Mortgagor, in the manner required by applicable law, such information and the Master Servicer shall report, via IRS Form 1099C,
all forgiveness of indebtedness to the extent such information has been provided to the Master Servicer by the Special Servicer. Upon
request, the Master Servicer shall deliver a copy of any such report to the Trustee, the Certificate Administrator and, if affected, to
any related Serviced Companion Loan Holder.

Section 3.11          
Trustee, Certificate Administrator and Custodian to Cooperate; Release of Mortgage Files. Upon the payment in full of any
Mortgage Loan or Serviced Whole Loan or the receipt by the Master Servicer or the Special Servicer of a notification that payment in full
has been escrowed in a manner customary for such purposes, the Master Servicer or the Special Servicer shall immediately notify the Trustee,
the Certificate Administrator and the Custodian and, if affected, the related Serviced Companion Loan Holder by delivery of a certification
(which

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certification shall include a statement to
the effect that all amounts received or to be received in connection with such payment which are required to be deposited in the Collection
Account pursuant to Section 3.05 of this Agreement have been or will be so deposited) of a Servicing Officer and shall request
delivery to it of the Mortgage File. No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall
be chargeable to the Trust Fund.

From time to time upon request
of the Master Servicer or Special Servicer and delivery to the Certificate Administrator of a Request for Release, the Certificate Administrator
(or a Custodian appointed by it) shall promptly release the Mortgage File (or any portion thereof) designated in such Request for Release
to the Master Servicer or Special Servicer, as applicable. Upon return of the foregoing to the Certificate Administrator (or a Custodian
appointed by it) or, in the event of a liquidation or conversion of the Mortgage Loan or Serviced Whole Loan into an REO Property, receipt
by the Trustee and the Certificate Administrator of a certificate of a Servicing Officer stating that such Mortgage Loan or Serviced Whole
Loan was liquidated and that all amounts received or to be received in connection with such liquidation which are required to be deposited
into the Collection Account have been so deposited, or that such Mortgage Loan or Serviced Whole Loan has become an REO Property, the
Certificate Administrator shall deliver (or cause any Custodian appointed by it to deliver) a copy of the Request for Release to the Master
Servicer or Special Servicer, as applicable.

Within three (3) Business
Days, after receipt of written certification of a Servicing Officer, the Trustee shall execute and deliver to the Special Servicer any
court pleadings, requests for trustee’s sale or other documents prepared by the Special Servicer, its agents or attorneys and reasonably
acceptable to the Trustee, necessary to the foreclosure or trustee’s sale in respect of a Mortgaged Property or to any legal action
brought to obtain judgment against any Mortgagor on the Mortgage Loan or Serviced Whole Loan, or to obtain a deficiency judgment, or to
enforce any other remedies or rights provided by the Loan Documents or otherwise available at law or in equity. Each such certification
shall include a request that such pleadings or documents be executed by the Trustee and a statement as to the reason such documents or
pleadings are required, and that the execution and delivery thereof by the Trustee will not invalidate or otherwise affect the lien of
the Mortgage or other security agreement, except for the termination of such a lien upon completion of the foreclosure or trustee’s
sale.

If from time to time, pursuant
to the terms of the Co-Lender Agreement and the applicable Outside Servicing Agreement related to an Outside Serviced Mortgage Loan,
and as appropriate for enforcing the terms of, or otherwise properly servicing, such Outside Serviced Mortgage Loan, the related Outside
Servicer, the related Outside Special Servicer or other similar party requests delivery to it of the original Note for such Outside Serviced
Mortgage Loan, then such party shall deliver a Request for Release in the form of Exhibit C attached hereto to the Certificate
Administrator and the Certificate Administrator shall release (or cause any Custodian appointed by it to release) such original Note to
the requesting party or its designee. In connection with the release of the original Note for an Outside Serviced Mortgage Loan in accordance
with the preceding sentence, the Certificate Administrator (or a Custodian appointed by it) shall obtain such documentation as is appropriate
to evidence the holding by the related Outside Servicer, the related Outside Special Servicer or such other similar party, as the case
may be, of such original Note as custodian on behalf of and for the benefit of the Trustee.

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Section 3.12          
Servicing Fees, Trustee/Certificate Administrator Fees and Special Servicing Compensation.

(a)              
As compensation for its activities hereunder, the Master Servicer shall be entitled, with respect to each Mortgage Loan (including
each Mortgage Loan that is a Specially Serviced Loan and each Outside Serviced Mortgage Loan), each REO Mortgage Loan, each Serviced Companion
Loan (including each Serviced Companion Loan that is a Specially Serviced Loan) and each REO Companion Loan that is included as part of
a Serviced Whole Loan and each Interest Accrual Period, to the Servicing Fee, which shall be payable from amounts on deposit in the Collection
Account and/or, in the case of a Serviced Whole Loan or portion thereof, the related Whole Loan Custodial Account as set forth in Section 3.06(a)(iii)
and Section 3.06(a)(vii) and/or Section 3.06A of this Agreement, as applicable. In addition, the Master Servicer
shall be entitled to receive, as additional servicing compensation (the following items, collectively, “Additional Servicing
Compensation”), (i) 100% of any Excess Modification Fees with respect to a modification, waiver, extension or amendment
of a Performing Serviced Loan (except in connection with any Payment Accommodation) consented to by the Master Servicer pursuant to Section 3.24
of this Agreement that did not require the approval of the Special Servicer, (ii) 50% of any Excess Modification Fees with respect
to a modification, waiver, extension or amendment of a Performing Serviced Loan (except in connection with any Payment Accommodation)
consented to by the Special Servicer pursuant to Section 3.24 of this Agreement (whether or not the Special Servicer elects
to handle any related processing), (iii) (A) 0% of any Excess Modification Fees in respect of a Payment Accommodation processed by the
Special Servicer with respect to any Serviced Mortgage Loan, whether or not it is a Specially Serviced Loan and (B) 50% of any Excess
Modification Fees in respect of a Payment Accommodation processed by the Master Servicer (with the agreement of the Special Servicer as
described in Section 3.24(a) of this Agreement) with respect to a Performing Serviced Loan, (iv) 100% of any defeasance fee
received in connection with a defeasance of a Serviced Loan as contemplated under Section 3.09 of this Agreement (provided
that for the avoidance of doubt, any such defeasance fee shall not include the Special Servicer’s portion of any Modification Fees
or waiver fees in connection with a defeasance to which the Special Servicer is entitled under this Agreement), (v) 100% of any Assumption
Fees with respect to a Performing Serviced Loan involving a transaction described in the definition of “Assumption Fees” consented
to by the Master Servicer that did not require the approval of the Special Servicer, (vi) 50% of any Assumption Fees with respect
to a Performing Serviced Loan involving a transaction described in the definition of “Assumption Fees” consented to by the
Special Servicer (whether or not the Special Servicer elects to handle any related processing), (vii) the aggregate Prepayment Interest
Excess (exclusive of any portion thereof attributable to an Outside Serviced Mortgage Loan), but only to the extent such amount is not
required to be included in any Compensating Interest Payment, in each case to the extent received and not required to be deposited or
retained in the Collection Account pursuant to Section 3.05 of this Agreement, and (in the case of a Serviced Companion Loan)
to the extent permitted under the related Co-Lender Agreement, (viii) 100% of Ancillary Fees (other than (A) fees for insufficient
or returned checks and (B) beneficiary statement charges) actually received from Mortgagors in the case of items prepared by the Master
Servicer or with respect to the accounts held by the Master Servicer pursuant to this Agreement or the related Loan

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Documents, including the Collection Account
or any related subaccount, any Escrow Account or related subaccount, any Whole Loan Custodial Account or related subaccount, any Lock-Box
Account or related subaccount or any reserve account or related subaccount, (ix) 100% of assumption application fees actually received
from Mortgagors on Performing Serviced Loans (if the related assumption was processed by the Master Servicer), (x) 100% of Consent
Fees with respect to a Performing Serviced Loan (except in connection with any Payment Accommodation) that did not require the approval
of, or processing by, the Special Servicer, (xi) 50% of any Consent Fees with respect to a Performing Serviced Loan (except in connection
with any Payment Accommodation) consented to by the Special Servicer (regardless of whether the Master Servicer or the Special Servicer
processes the related servicing matter), (xii) (A) 0% of any Consent Fees in respect of a Payment Accommodation processed by the Special
Servicer with respect to any Serviced Mortgage Loan, whether or not it is a Specially Serviced Loan and (B) 50% of any Consent Fees in
respect of a Payment Accommodation processed by the Master Servicer (with the agreement of the Special Servicer as described in Section
3.24(a) of this Agreement) with respect to a Performing Serviced Loan, (xiii) 100% of Excess Penalty Charges paid by the Mortgagors
with respect to any Serviced Loan other than Excess Penalty Charges accrued during the period such Serviced Loan is a Specially Serviced
Loan (provided that for the avoidance of doubt, the Master Servicer shall be entitled to any collections of Excess Penalty Charges
that represent amounts accrued while the related Serviced Loan is a Performing Serviced Loan even if collected when the Serviced Loan
is a Specially Serviced Loan), (xiv) 100% of fees for insufficient or returned checks actually received from Mortgagors relating
to the accounts held by the Master Servicer, and (xv) 100% of beneficiary statement charges actually received from Mortgagors to the extent
the related beneficiary statements were prepared by the Master Servicer; provided, however, that the Master Servicer shall
not be entitled to apply or retain any amounts described in clauses (i) through (vi) above as additional compensation with respect
to a specific Mortgage Loan or Serviced Whole Loan, as applicable, with respect to which a default or event of default thereunder has
occurred and is continuing unless and until such default or event of default has been cured (or has been waived in accordance with the
terms of this Agreement) and all delinquent amounts required to have been paid by the Mortgagor, Advance Interest Amounts and Additional
Trust Fund Expenses (other than Special Servicing Fees, Workout Fees and Liquidation Fees) both (x) due with respect to such
Mortgage Loan or Serviced Whole Loan, as applicable, and (y) in the case of expense items, that arose within the last 12 months,
have been paid. The Master Servicer shall also be entitled pursuant to, and to the extent provided for in Sections 3.06(a)(iii),
Section 3.06(A) and Section 3.07(b), to withdraw from the Collection Account and the Whole Loan Custodial Accounts
and to receive from any Mortgagor Accounts (to the extent not payable to the related Mortgagor under a Mortgage Loan or Serviced Whole
Loan or applicable law) any interest or other income earned on deposits therein. Interest or other income earned on funds in the Collection
Account, Whole Loan Custodial Account and Mortgagor Accounts (to the extent consistent with the related Loan Documents), shall be paid
to the Master Servicer as additional servicing compensation and interest or other income earned on funds in any REO Account shall be payable
to the Special Servicer. In addition, the Master Servicer shall be entitled to charge and retain reasonable review fees in connection
with any Mortgagor request with respect to any Performing Serviced Loan

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as to which the Mortgagor request does
not relate to a Major Decision or a Special Servicer Decision or in connection with any Mortgagor request that relates to a Major Decision
or Special Servicer Decision being processed by the Master Servicer with the mutual agreement of the Special Servicer, to the extent such
fees are (i) not inconsistent with the related Loan Documents, (ii) in accordance with the Servicing Standard and (iii) actually paid
by or on behalf of the related Mortgagor. The Special Servicer shall not waive any review fee due to the Master Servicer without the Master
Servicer’s consent. Notwithstanding the foregoing, the Master Servicer’s right to the additional servicing compensation described
in this paragraph with respect to a Serviced Companion Loan shall be subject to the related Co-Lender Agreement.

For the avoidance of doubt,
with respect to any Excess Modification Fee, Assumption Fee, Consent Fee or other fee with respect to a Performing Serviced Loan that
is required to be split between the Master Servicer and the Special Servicer pursuant to the terms of this Agreement, the Master Servicer
and the Special Servicer shall each have the right in its sole discretion, but not any obligation, to reduce or elect not to charge its
respective percentage interest in any such fee; provided, however (x) neither the Master Servicer nor the Special Servicer shall have
the right to reduce or elect not to charge the percentage interest of any fee due to the other and (y) to the extent either of the Master
Servicer or the Special Servicer exercises its right to reduce or elect not to charge its respective percentage interest in any fee, the
party that reduced or elected not to charge such fee shall not have any right to share in any portion of the other party’s fee.
For the avoidance of doubt, if the Master Servicer decides not to charge any fee, the Special Servicer shall still be entitled to charge
the portion of the related fee the Special Servicer would have been entitled to if the Master Servicer had charged a fee and the Master
Servicer shall not be entitled to any of such fee charged by the Special Servicer. The foregoing provisions of this paragraph shall only
apply to Performing Serviced Loans and, subject to the other terms of this Agreement, shall not prohibit any waiver or reduction by the
Special Servicer of any fee payable by the Mortgagor with respect to any Specially Serviced Loan.

Midland Loan Services, a
Division of PNC Bank, National Association and any successor holder of the Excess Servicing Fee Rights shall be entitled, at any time,
at its own expense, to transfer, sell, pledge or otherwise assign such Excess Servicing Fee Rights in whole (but not in part), in either
case, to any Qualified Institutional Buyer or Institutional Accredited Investor (other than a Plan); provided that no such transfer,
sale, pledge or other assignment shall be made unless (i) that transfer, sale, pledge or other assignment is exempt from the registration
and/or qualification requirements of the Securities Act and any applicable state securities laws and is otherwise made in accordance with
the Securities Act and such state securities laws, (ii) the prospective transferor shall have delivered to the Depositor a certificate
substantially in the form attached as Exhibit CC-1 to this Agreement, and (iii) the prospective transferee shall have
delivered to Midland Loan Services, a Division of PNC Bank, National Association and the Depositor a certificate substantially in the
form attached as Exhibit CC-2 to this Agreement. None of the Depositor, the Trustee, the Certificate Administrator, the Operating
Advisor, the Asset Representations Reviewer or the Certificate Registrar is obligated to register or qualify an Excess Servicing Fee Right
under the Securities Act or any other securities law or to take any action not otherwise required under this Agreement to permit the transfer,
sale, pledge or assignment of an Excess Servicing Fee Right without registration or qualification. Midland Loan Services, a Division of
PNC Bank, National Association and each holder of an Excess Servicing Fee Right

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desiring to effect a transfer, sale, pledge
or other assignment of such Excess Servicing Fee Right shall, and Midland Loan Services, a Division of PNC Bank, National Association
hereby agrees, and each such holder of an Excess Servicing Fee Right by its acceptance of such Excess Servicing Fee Right shall be deemed
to have agreed, in connection with any transfer of such Excess Servicing Fee Right effected by such Person, to indemnify the Certificateholders,
the Uncertificated VRR Interest Owner, the Trust, the Depositor, the Underwriters, the Initial Purchasers, the Certificate Administrator,
the Trustee, the Custodian, the Master Servicer, the Operating Advisor, the Asset Representations Reviewer, the Certificate Registrar
and the Special Servicer against any liability that may result if such transfer is not exempt from registration and/or qualification under
the Securities Act or other applicable federal and state securities laws or is not made in accordance with such federal and state laws
or in accordance with the foregoing provisions of this paragraph. By its acceptance of an Excess Servicing Fee Right, the holder thereof
shall be deemed to have agreed not to use or disclose any information received in connection with its acquisition and holding of such
Excess Servicing Fee Right in any manner that could result in a violation of any provision of the Securities Act or other applicable securities
laws or that would require registration of such Excess Servicing Fee Right or any Certificate pursuant to the Securities Act. From time
to time following any transfer, sale, pledge or assignment of an Excess Servicing Fee Right, the Person then acting as the Master Servicer
shall pay, out of each amount paid to such Master Servicer as Servicing Fees with respect to each related Mortgage Loan or REO Mortgage
Loan, as the case may be, the related Excess Servicing Fees to the holder of such Excess Servicing Fee Right within one (1) Business Day
following the payment of such Servicing Fees to the Master Servicer, in each case in accordance with payment instructions provided by
such holder in writing to the Master Servicer. The holder of an Excess Servicing Fee Right shall not have any rights under this Agreement
except as set forth in the preceding sentences of this paragraph. None of the Certificate Administrator, the Certificate Registrar, the
Operating Advisor, the Asset Representations Reviewer, the Depositor, the Special Servicer, the Trustee or the Custodian shall have any
obligation whatsoever regarding payment of the Excess Servicing Fee or the assignment or transfer of the Excess Servicing Fee Right.

Except as otherwise provided
herein, the Master Servicer shall pay all expenses incurred by it in connection with its servicing activities hereunder, including all
fees of any Sub-Servicers retained by it.

The Master Servicer will
not be entitled to retain any portion of Excess Interest paid on any Mortgage Loan. Notwithstanding anything herein to the contrary, in
the case of a Serviced Whole Loan, in no event shall Servicing Fees with respect to the related Mortgage Loan (including an REO Mortgage
Loan) be payable out of payments and other collections with respect to the related Serviced Pari Passu Companion Loan(s), and in no event
shall Servicing Fees with respect to the related Serviced Pari Passu Companion Loan(s) (including an REO Companion Loan) be payable out
of payments and other collections with respect to the related Mortgage Loan or the Mortgage Pool. In addition, with respect to any Serviced
Subordinate Companion Loan, in no event shall Servicing Fees with respect to such Serviced Subordinate Companion Loan (including an REO
Companion Loan) be payable out of payments and other collections with respect to any related Serviced Pari Passu Companion Loan(s), the
related Mortgage Loan or the Mortgage Pool. This paragraph is in no way intended to limit the rights, if any, of the Master Servicer under
the related Co-Lender Agreement to seek payment of unpaid Servicing Fees with respect to any Serviced Companion Loan from the related
Serviced Companion Loan Holder.

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(b)              
 As compensation for its activities hereunder, on each Distribution Date the Trustee shall be entitled with respect to each Trust
Loan to its portion of the Trustee/Certificate Administrator Fee, and the Certificate Administrator shall be entitled with respect to
each Trust Loan to its portion of the Trustee/Certificate Administrator Fee. The Certificate Administrator shall pay the Trustee the Trustee’s
portion of the Trustee/Certificate Administrator Fee. Except as otherwise provided herein, the Trustee/Certificate Administrator Fee includes
all routine expenses of the Trustee, the Certificate Registrar, the Paying Agent, the Certificate Administrator and the Authenticating
Agent. Each of the Trustee’s and Certificate Administrator’s rights to the Trustee/Certificate Administrator Fee may not be
transferred in whole or in part except in connection with the transfer of all of the Trustee’s or Certificate Administrator’s,
as applicable, responsibilities and obligations under this Agreement.

(c)              
As compensation for its activities hereunder, the Special Servicer shall be entitled with respect to each Specially Serviced Loan
(including each Serviced Companion Loan that is included as part of each Serviced Whole Loan) in respect of each Interest Accrual Period
to the Special Servicing Fee, which shall be payable from amounts on deposit in the Collection Account and/or, in the case of a Serviced
Whole Loan or portion thereof, the related Whole Loan Custodial Account as set forth in Section 3.06(a) and Section 3.06A.
The Special Servicer’s rights to the Special Servicing Fee may not be transferred in whole or in part except in connection with
the transfer of all of the Special Servicer’s responsibilities and obligations under this Agreement. In addition, the Special Servicer
shall be entitled to receive, as additional servicing compensation (the following items, collectively, the “Additional Special
Servicing Compensation”): (i) 50% of any Excess Modification Fees with respect to a modification, waiver, extension or
amendment of a Performing Serviced Loan (except in connection with any Payment Accommodation) consented to by the Special Servicer pursuant
to Section 3.24 of this Agreement (whether or not the Special Servicer elects to handle any related processing); (ii) 100%
of any Excess Modification Fees with respect to a modification, waiver, extension or amendment of a Specially Serviced Loan consented
to by the Special Servicer pursuant to Section 3.24 of this Agreement; (iii) 100% of any Excess Modification Fees in respect
of a Payment Accommodation processed by the Special Servicer with respect to any Serviced Mortgage Loan, whether or not it is a Specially
Serviced Loan and (B) 50% of any Excess Modification Fees in respect of a Payment Accommodation processed by the Master Servicer (with
the agreement of the Special Servicer as described in Section 3.24(a) of this Agreement) with respect to a Performing Serviced
Loan; (iv) 100% of any Assumption Fees with respect to a Specially Serviced Loan; (v) 50% of any Assumption Fees with respect
to a Performing Serviced Loan involving a transaction described in the definition of “Assumption Fees” consented to by the
Special Servicer (whether or not the Special Servicer elects to handle any related processing); (vi) 100% of Ancillary Fees (other
than (A) fees for insufficient or returned checks and (B) beneficiary statement charges) actually received from Mortgagors in
the case of items prepared by the Special Servicer or with respect to accounts held by the Special Servicer pursuant to this Agreement
or the related Loan Documents, including the Loss of Value Reserve Fund and any REO Accounts; (vii) 100% of assumption application
fees actually received from Mortgagors on (A) Specially Serviced Loans and (B) Performing Serviced Loans if the related assumption
was processed by the Special Servicer; (viii) 100% of Consent Fees with respect to a

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Specially Serviced Loan; (ix) 50%
of any Consent Fees with respect to a Performing Serviced Loan (except in connection with any Payment Accommodation) consented to by the
Special Servicer (regardless of whether the Master Servicer or the Special Servicer processes the related servicing matter); (x) (A) 100%
of any Consent Fees in respect of a Payment Accommodation processed by the Special Servicer with respect to any Serviced Mortgage Loan,
whether or not it is a Specially Serviced Loan and (B) 50% of any Consent Fees in respect of a Payment Accommodation processed by the
Master Servicer (with the agreement of the Special Servicer as described in Section 3.24(a) of this Agreement) with respect to
a Performing Serviced Loan; (xi) 100% of Excess Penalty Charges accrued with respect to any Serviced Loan during the period such
Serviced Loan is a Specially Serviced Loan and actually received from the Mortgagors (provided that for the avoidance of doubt,
the Special Servicer shall be entitled to any collections of Excess Penalty Charges that represent amounts accrued while the related Serviced
Loan is a Specially Serviced Loan even if collected when the Serviced Loan is not a Specially Serviced Loan); (xii) any interest
or other income earned on deposits in the REO Accounts and any Loss of Value Reserve Fund; (xiii) 100% of fees for insufficient or
returned checks actually received from Mortgagors relating to the accounts held by the Special Servicer; and (xiv) 100% of beneficiary
statement charges actually received from Mortgagors to the extent the related beneficiary statements were prepared by the Special Servicer.
In addition, the Special Servicer shall be entitled to charge and retain reasonable review fees in connection with any Mortgagor request
with respect to any Specially Serviced Loan or any Mortgagor request with respect to any Performing Serviced Loan that is being processed
or consented to by the Special Servicer, to the extent such fees are (i) not inconsistent with the related Loan Documents, (ii) in
accordance with the Servicing Standard and (iii) actually paid by or on behalf of the related Mortgagor. The Master Servicer shall
not waive any review fee due to the Special Servicer without the Special Servicer’s consent. The Special Servicer shall not be entitled
to any Special Servicing Fees with respect to the Outside Serviced Mortgage Loans. Notwithstanding the foregoing, the Special Servicer’s
right to the additional servicing compensation described in this paragraph with respect to a Serviced Companion Loan shall be subject
to the related Co-Lender Agreement.

For the avoidance of doubt,
with respect to any Excess Modification Fee, Assumption Fee, Consent Fee or other fee with respect to a Performing Serviced Loan that
is required to be split between the Master Servicer and the Special Servicer pursuant to the terms of this Agreement, the Master Servicer
and the Special Servicer shall each have the right in its sole discretion, but not any obligation, to reduce or elect not to charge its
respective percentage interest in any such fee; provided, however (x) neither the Master Servicer nor the Special Servicer shall have
the right to reduce or elect not to charge the percentage interest of any fee due to the other and (y) to the extent either of the Master
Servicer or the Special Servicer exercises its right to reduce or elect not to charge its respective percentage interest in any fee, the
party that reduced or elected not to charge such fee shall not have any right to share in any portion of the other party’s fee.
For the avoidance of doubt, if the Master Servicer decides not to charge any fee, the Special Servicer shall still be entitled to charge
the portion of the related fee the Special Servicer would have been entitled to if the Master Servicer had charged a fee and the Master
Servicer shall not be entitled to any of such fee charged by the Special Servicer. The foregoing provisions of this paragraph shall only
apply to Performing Serviced Loans and, subject to the other terms of this

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Agreement, shall not prohibit any waiver or
reduction by the Special Servicer of any fee payable by the Mortgagor with respect to any Specially Serviced Loan.

Except as otherwise provided
herein, the Special Servicer shall pay all expenses incurred by it in connection with its servicing activities hereunder.

The Special Servicer shall
also be entitled to additional servicing compensation in the form of a Workout Fee with respect to each Corrected Loan at the Workout
Fee Rate on such Mortgage Loan or Serviced Whole Loan for so long as it remains a Corrected Loan. The Special Servicer shall not be entitled
to any Workout Fee with respect to any Outside Serviced Mortgage Loan. The Workout Fee with respect to any Corrected Loan will cease to
be payable if such loan again becomes a Specially Serviced Loan; provided that a new Workout Fee will become payable if and when
such Specially Serviced Loan again becomes a Corrected Loan. If the Special Servicer is terminated (other than for cause) or resigns:
(1) it shall retain the right to receive any and all Workout Fees payable in respect of Mortgage Loans or Serviced Whole Loans that
became Corrected Loans prior to the time of that termination or resignation, except the Workout Fees will no longer be payable if any
such Mortgage Loan or Serviced Whole Loan subsequently becomes a Specially Serviced Loan; and (2) it will receive any Workout Fees
payable in respect of any Mortgage Loan or Serviced Whole Loan that was, at the time of that termination or resignation, a Specially Serviced
Loan for which the resigning or terminated Special Servicer had cured the event of default through a modification, restructuring or workout
negotiated by the Special Servicer and evidenced by a signed writing, but which had not as of the time the Special Servicer resigned or
was terminated become a Corrected Loan solely because the Mortgagor had not had sufficient time to make three consecutive full and timely
Monthly Payments as described in clause (w) of the definition of “Specially Serviced Loan” and which thereafter becomes
a Corrected Loan as a result of the Mortgagor making such three consecutive full and timely Monthly Payments as described in clause (w)
of the definition of “Specially Serviced Loan”, except the Workout Fees will no longer be payable if any such Mortgage
Loan or Serviced Whole Loan subsequently becomes a Specially Serviced Loan. In either case, the successor special servicer will not be
entitled to any portion of such Workout Fees. The Special Servicer shall also be entitled to additional servicing compensation in the
form of a Liquidation Fee (other than with respect to the Outside Serviced Mortgage Loans) payable out of the Liquidation Proceeds prior
to the deposit of the Net Liquidation Proceeds in the Collection Account or the Whole Loan Custodial Account, as applicable. However,
no Liquidation Fee will be payable with respect to an Outside Serviced Mortgage Loan or in connection with, or out of, Liquidation Proceeds
as set forth in the final two provisos of the definition of “Liquidation Fee” herein. Notwithstanding anything herein
to the contrary, the Special Servicer shall not be entitled to receive both a Liquidation Fee and a Workout Fee with respect to any specific
collections or proceeds on any Mortgage Loan or Serviced Whole Loan. For purposes of the foregoing provisions of this Section 3.12(c),
a termination and removal of the Special Servicer under Section 6.08 of this Agreement shall be deemed to constitute a termination
without cause.

If at any time a Mortgage
Loan or Serviced Whole Loan becomes a Specially Serviced Loan, the Special Servicer shall use its reasonable efforts to collect the amount
of any Special Servicing Fee, Liquidation Fee and/or Workout Fee from the related Mortgagor pursuant to the related Loan Documents, including
exercising all remedies available under such Loan Documents that would be in accordance with the Servicing Standard, specifically taking
into

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account the costs or likelihood of success
of any such collection efforts and the Realized Loss(es) that would be incurred by Certificateholders in connection therewith as opposed
to the Realized Loss(es) that would be incurred as a result of not collecting such amounts from the related Mortgagor.

The Special Servicer shall
not be entitled to any Liquidation Fee with respect to any Outside Serviced Mortgage Loan or any Outside Serviced Companion Loan. In addition,
the Special Servicer will not be entitled to retain any portion of Excess Interest paid on any Mortgage Loan.

Notwithstanding anything
herein to the contrary, in the case of a Serviced Whole Loan, in no event shall Special Servicing Compensation with respect to the related
Mortgage Loan (including an REO Mortgage Loan) be payable out of payments and other collections with respect to the related Serviced Pari
Passu Companion Loan(s), and in no event shall Special Servicing Compensation with respect to the related Serviced Pari Passu Companion
Loan(s) (including an REO Companion Loan) be payable out of payments and other collections with respect to the related Mortgage Loan or
the Mortgage Pool. In addition, with respect to any Serviced Subordinate Companion Loan, unless otherwise provided in the related Co-Lender
Agreement, in no event shall Special Servicing Compensation with respect to such Companion Loan (including an REO Companion Loan) be payable
out of payments and other collections with respect to any related Serviced Pari Passu Companion Loan(s), the related Mortgage Loan or
the Mortgage Pool. This paragraph is in no way intended to limit the rights of the Special Servicer under the related Co-Lender Agreement
to seek payment of unpaid Special Servicing Compensation with respect to any Serviced Companion Loan from the related Serviced Companion
Loan Holder.

(d)              
Notwithstanding anything herein to the contrary, any fees or other charges charged by the Master Servicer or the Special Servicer
in connection with processing any Payment Accommodation with respect to any Serviced Loan (in the aggregate with each other such Payment
Accommodation with respect to such Serviced Loan) shall not exceed $45,000 (excluding attorneys’ fees and out-of-pocket third party
expenses) (the “Payment Accommodation Fee Cap”) and shall only be borne by the related borrower, not the Trust. For
the avoidance of doubt, in the event of a borrower default under a Payment Accommodation, the Payment Accommodation Fee Cap shall only
apply to the initial processing of such Payment Accommodation, and, in such event, the Master Servicer or the Special Servicer, as applicable,
shall be entitled to all fees that would be payable to it pursuant to the terms of this Agreement with respect to further servicing actions
with respect to the related Mortgage Loan

(e)              
The Master Servicer, Special Servicer, the Certificate Administrator and Trustee shall be entitled to reimbursement from the Trust
Fund for the costs and expenses incurred by them in the performance of their duties under this Agreement which are “unanticipated
expenses incurred by the REMIC” within the meaning of Treasury Regulations Section 1.860G-1(b)(3)(iii). Such expenses shall
include, by way of example and not by way of limitation, environmental assessments, Appraisals in connection with foreclosure, the fees
and expenses of any administrative or judicial proceeding and expenses expressly identified as reimbursable in Section 3.06(a)(vi)
of this Agreement.

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(f)               
 No provision of this Agreement or of the Certificates shall require the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee to expend or risk their own funds or otherwise incur any financial liability in the performance of any of
their duties hereunder or thereunder, or in the exercise of any of their rights or powers, if, in the good faith business judgment of
the Master Servicer, Special Servicer, the Certificate Administrator or the Trustee, as the case may be, repayment of such funds would
not be ultimately recoverable from late payments, Net Insurance Proceeds, Net Condemnation Proceeds, Net Liquidation Proceeds and other
collections on or in respect of the Mortgage Loans or Serviced Whole Loan (to the extent recovery is permitted from a Serviced Whole Loan
hereunder) or from adequate indemnity from other assets comprising the Trust Fund against such risk or liability.

If the Master Servicer, the
Special Servicer, the Operating Advisor, the Certificate Administrator or the Trustee receives a request or inquiry from a Mortgagor,
any Certificateholder or any other Person the response to which would, in the Master Servicer’s, the Special Servicer’s or
the Operating Advisor’s commercially reasonable judgment or the Certificate Administrator’s or the Trustee’s good faith
business judgment require the assistance of Independent legal counsel or other consultant to the Master Servicer, the Special Servicer,
the Operating Advisor, the Certificate Administrator or the Trustee the cost of which would not be an expense of the Trust Fund hereunder,
then the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator or the Trustee, as the case may be,
shall not be required to take any action in response to such request or inquiry unless the Mortgagor or such Certificateholder or such
other Person, as applicable, makes arrangements for the payment of the Master Servicer’s, the Special Servicer’s, the Operating
Advisor’s, the Certificate Administrator’s or the Trustee’s expenses associated with such counsel (including, without
limitation, posting an advance payment for such expenses) satisfactory to the Master Servicer, the Special Servicer, the Operating Advisor,
the Certificate Administrator or the Trustee as the case may be, in its sole discretion. Unless such arrangements have been made, the
Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator or the Trustee as the case may be, shall have
no liability to any Person for the failure to respond to such request or inquiry.

(g)              
With respect to each Collection Period, the Special Servicer shall deliver or cause to be delivered to the Master Servicer, within
two Business Days following the related Determination Date, and the Master Servicer shall deliver, to the extent it has received such
information, to the Certificate Administrator, without charge and within one Business Day prior to the related Distribution Date, an electronic
report that discloses and contains an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any
of its Affiliates during the related Collection Period; provided, that no such report shall be due in any month during which no
Disclosable Special Servicer Fees were received.

(h)              
The Special Servicer and its Affiliates shall be prohibited from receiving or retaining any compensation or any other remuneration
(including, without limitation, in the form of commissions, brokerage fees or rebates) from any Person (including, without limitation,
the Trust, any Mortgagor, any Manager, any guarantor or indemnitor in respect of a Serviced Mortgage Loan or Serviced Companion Loan and
any purchaser of any Serviced Mortgage Loan, Serviced Companion Loan or REO Property) in connection with

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the disposition, workout or foreclosure
of any Serviced Loan, the management or disposition of any REO Property, or the performance of any other special servicing duties under
this Agreement, other than as expressly provided in this Section 3.12; provided that such prohibition shall not apply
to Permitted Special Servicer/Affiliate Fees or the fees received by any Person acting as an Outside Servicer or Outside Special Servicer
as expressly provided for under the applicable Outside Servicing Agreement with respect to an Outside Serviced Mortgage Loan, or as master
servicer or special servicer as expressly provided for under the applicable Other Pooling and Servicing Agreement governing the securitization
of a Serviced Companion Loan. For the avoidance of doubt, the foregoing is not intended to act as a prohibition on the right of any entity
acting in the capacities of both Master Servicer and Special Servicer from receiving or retaining any fees, compensation or other remuneration
it is entitled to in its capacity as Master Servicer pursuant to this Agreement.

(i)                
If a Servicing Shift Mortgage Loan becomes a Specially Serviced Mortgage Loan prior to the related Servicing Shift Date, the Special
Servicer shall service and administer the related Whole Loan and any related REO Property in the same manner as any other Specially Serviced
Loan or REO Property and shall be entitled to all rights and compensation earned with respect to the related Whole Loan during the period
for which it acts as Special Servicer of the related Whole Loan. With respect to a Servicing Shift Mortgage Loan, prior to the related
Servicing Shift Date, no other special servicer will be entitled to any such compensation or have such rights and obligations. If a Servicing
Shift Mortgage Loan is still a Specially Serviced Mortgage Loan on the related Servicing Shift Date, the related Outside Special Servicer
and the Special Servicer shall be entitled to compensation with respect to the related Whole Loan as if the Special Servicer were being
terminated as Special Servicer and the related Outside Special Servicer were replacing it as the successor special servicer. Upon receipt
of notice of its termination as Special Servicer with respect to a Servicing Shift Mortgage Loan, the Special Servicer shall reasonably
cooperate with the related Outside Special Servicer in connection with the servicing transition of such Servicing Shift Mortgage Loan
on and after the related Servicing Shift Date.

Section 3.13          
Compensating Interest Payments. The Master Servicer shall deliver to the Certificate Administrator for deposit in the Lower-Tier
REMIC Distribution Account (other than the portion of any Compensating Interest Payment described below that is allocable to a Serviced
Companion Loan which shall be remitted by the Master Servicer to the related Serviced Companion Loan Holder or, in the case of any Trust
Subordinate Companion Loan, delivered to the Certificate Administrator for deposit in the related Trust Subordinate Companion Loan REMIC
Distribution Account) on each Master Servicer Remittance Date, without any right of reimbursement therefor, an amount, with respect to
each Mortgage Loan (other than an Outside Serviced Mortgage Loan) and any related Serviced Pari Passu Companion Loan, equal to the lesser
of:

(i)                
the aggregate of all Prepayment Interest Shortfalls incurred in connection with voluntary Principal Prepayments received in respect
of the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and any related Serviced Pari Passu Companion Loan(s) and Trust
Subordinate Companion Loan

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(in each case other than a Specially Serviced
Loan or a Mortgage Loan or any related Serviced Pari Passu Companion Loan or Trust Subordinate Companion Loan on which the Special Servicer
allowed a prepayment on a date other than the applicable Due Date) for the related Distribution Date; and

(ii)             
the aggregate of (A) that portion of the Master Servicer’s Servicing Fees for the related Distribution Date that is,
in the case of each Mortgage Loan, Serviced Pari Passu Companion Loan, Trust Subordinate Companion Loan and REO Loan for which such Servicing
Fees are being paid in such Collection Period, calculated at a per annum rate equal to (1) 0.00125% for each Mortgage Loan (other
than an Outside Serviced Mortgage Loan), Serviced Companion Loan and related REO Loan without an initial Sub-Servicer, and (2) 0.000625%
for each Mortgage Loan (other than an Outside Serviced Mortgage Loan), Serviced Companion Loan and the related REO Loan where servicing
functions are performed by an initial Sub-Servicer, or (3) with respect to any Outside Serviced Mortgage Loan, 0.000625%, and (B) all
Prepayment Interest Excesses received by the Master Servicer during such Collection Period with respect to the Mortgage Loans and any
Trust Subordinate Companion Loans (and, so long as a Whole Loan is serviced under this Agreement and the related Co-Lender Agreement so
permits, any related Serviced Companion Loan) and net investment earnings on such Prepayment Interest Excesses. In no event will the rights
of the Certificateholders and the Uncertificated VRR Interest Owner to the offset of the aggregate Prepayment Interest Shortfalls be cumulative.

If a Prepayment Interest
Shortfall occurs with respect to a Trust Loan as a result of the Master Servicer allowing the related Mortgagor to deviate from the terms
of the related Loan Documents regarding Principal Prepayments (other than (w) if the Trust Loan is an Outside Serviced Mortgage Loan,
(x) subsequent to a default under the related Loan Documents or if the Trust Loan is a Specially Serviced Loan, (y) pursuant to applicable
law or a court order or otherwise in such circumstances where the Master Servicer is required to accept such principal prepayment in accordance
with the Servicing Standard, or (z) in connection with the payment of any Insurance Proceeds or Condemnation Proceeds) (a “Prohibited
Prepayment”), then for purposes of calculating the Compensating Interest Payment for the related Distribution Date, the Master
Servicer shall pay, without regard to clause (ii) of the preceding paragraph, the amount of the Prepayment Interest Shortfall with
respect to such Trust Loan otherwise described in clause (i) of the preceding paragraph in connection with such Prohibited Prepayment.

Compensating Interest Payments
with respect to a Serviced Whole Loan shall be allocated: first, between the related Mortgage Loan and the related Serviced Pari
Passu Companion Loan(s) in accordance with their respective principal amounts until the respective Prepayment Interest Shortfalls with
respect thereto are fully covered, and the Master Servicer shall pay the portion of such Compensating Interest Payments allocable to a
related Serviced Pari Passu Companion Loan to the holder thereof; and then, if applicable, to any Trust Subordinate Companion Loan.

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Section 3.14          
Application of Penalty Charges and Modification Fees.

(a)              
On or prior to the second Business Day before each Master Servicer Remittance Date, the Master Servicer shall apply all Penalty
Charges and Modification Fees (to the extent permitted under any related Co-Lender Agreement (in the case of a Serviced Whole Loan)
and not applied pursuant to Section 3.06A(a)(ii) or Section 3.06(a)(ii), as applicable, of this Agreement) received
by it with respect to any Mortgage Loan or Serviced Whole Loan, including an Outside Serviced Mortgage Loan (to the extent allocable to
such Outside Serviced Mortgage Loan pursuant to the related Co-Lender Agreement and remitted to the Master Servicer by the related
Outside Servicer) during the related Collection Period, as follows:

(i)                
first, to the extent of all Penalty Charges and Modification Fees (in such order), to pay or reimburse the Master Servicer,
the Special Servicer and/or the Trustee, as applicable, for all outstanding Advances (including unreimbursed Advances that have been determined
to be Nonrecoverable Advances) and the related Advance Interest Amounts and other outstanding Additional Trust Fund Expenses (including,
in the case of the application of Penalty Charges, Special Servicing Fees, Workout Fees and Liquidation Fees) other than Borrower Delayed
Reimbursements, in each case, with respect to such Mortgage Loan or Serviced Whole Loan;

(ii)                 second,
to the extent of all remaining Penalty Charges and Modification Fees (in such order), as a reimbursement to the Trust of all Advances
(and related Advance Interest Amounts) with respect to such Mortgage Loan or Serviced Whole Loan previously determined to be Nonrecoverable
Advances and previously reimbursed to the Master Servicer, the Special Servicer and/or the Trustee, as applicable, from amounts on deposit
in the Collection Account (and such amounts will be retained or deposited in the Collection Account as recoveries of such Nonrecoverable
Advances and related Advance Interest Amounts) other than Borrower Delayed Reimbursements;

(iii)           
third, to the extent of all remaining Penalty Charges and Modification Fees (in such order), as a reimbursement to the Trust
of all other Additional Trust Fund Expenses (including, in the case of the application of Penalty Charges, Special Servicing Fees, Workout
Fees and Liquidation Fees) with respect to such Mortgage Loan or Serviced Whole Loan previously paid from the Collection Account or related
Whole Loan Custodial Account (and such amounts will be retained or deposited in the Collection Account or related Whole Loan Custodial
Account as recoveries of such Additional Trust Fund Expenses) other than Borrower Delayed Reimbursements; and

(iv)            
fourth, to the extent of any remaining Penalty Charges and any remaining Modification Fees, to the Master Servicer or the
Special Servicer, as applicable, as servicing compensation, pro rata, based on their entitlement set forth in Section 3.12
of this Agreement prior to the applications set forth in clauses (i) through (iii) above;

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provided that, notwithstanding the foregoing,
in the case of a Whole Loan, Penalty Charges shall be allocated for the purposes and in the order set forth in the related Co-Lender
Agreement.

(b)              
In connection with the operation of the provisions of this Section 3.14, not later than the 25th day of the month in
which each Distribution Date occurs (beginning with the 25th day of the month following the first Collection Period in which an Additional
Trust Fund Expense, Advance or Advance Interest Amount is incurred), the Master Servicer shall deliver to the Special Servicer a report
in the form reasonably agreed to by both the Master Servicer and the Special Servicer setting forth information regarding (1) the
amount of Penalty Charges, Modification Fees and Assumption Fees collected by the Master Servicer and the Special Servicer, as applicable,
and (2) the related loan expenses and other amounts paid to the Trust from such Penalty Charges, Modification Fees and Assumption
Fees, in each case for the related Collection Period or other reporting period as agreed to by the Master Servicer and the Special Servicer.
The Master Servicer shall respond promptly to any inquiries of the Special Servicer with respect to the contents of any such report and
shall provide any supporting information with respect thereto that is reasonably requested by the Special Servicer.

Section 3.15             Access
to Certain Documentation. The Master Servicer and Special Servicer shall provide to the Trustee, the Certificate Administrator, the
Controlling Class Representative (but only prior to the occurrence and continuance of any Consultation Termination Event), the
Operating Advisor, the Underwriters, the Initial Purchasers, the Depositor and any Certificateholders and Serviced Companion Loan Holders
that are, in the case of any Certificateholder or Serviced Companion Loan Holder, federally insured financial institutions, the Federal
Reserve Board, the FDIC and the OCC and the supervisory agents and examiners of such boards and such corporations, and any other governmental
or regulatory body to the jurisdiction of which any Certificateholder or Serviced Companion Loan Holder is subject, access to the documentation
regarding the Trust Loans required by applicable regulations of the Federal Reserve Board, FDIC, OCC or any such governmental or regulatory
body, such access being afforded without charge but only upon reasonable request and during normal business hours at the offices of the
Master Servicer or Special Servicer (which access shall be limited, in the case of the Serviced Companion Loan Holders or any regulatory
authority seeking such access in respect of the Serviced Companion Loan Holders, to records relating to the Serviced Companion Loans).
Nothing in this Section 3.15 shall detract from the obligation of the Master Servicer and Special Servicer to observe any
applicable law prohibiting disclosure of information with respect to the Mortgagors, and the failure of the Master Servicer and Special
Servicer to provide access as provided in this Section 3.15 as a result of such obligation shall not constitute a breach
of this Section 3.15.

In connection with providing
or granting any information or access pursuant to the prior paragraph to a Certificateholder, a Serviced Companion Loan Holder or any
regulatory authority that may exercise authority over a Certificateholder or Serviced Companion Loan Holder, the Master Servicer and the
Special Servicer may each require payment from such Certificateholder or Serviced Companion Loan Holder of a sum sufficient to cover the
reasonable costs and expenses of providing such information or access, including copy charges and reasonable fees for employee time and
for space; provided that no charge may be made if such information or access was required to be given or made available without
charge under applicable law. In connection with providing Certificateholders or beneficial owners of Certificates access to the

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information described in the preceding paragraph,
the Master Servicer and the Special Servicer shall require (prior to affording such access) a written confirmation executed by the
requesting Person substantially in such form as may be reasonably acceptable to the Master Servicer or the Special Servicer, as the case
may be, generally to the effect that such Person is a Holder of Certificates or a beneficial holder of book entry Certificates and will
keep such information confidential.

In addition, in connection
with providing access to information pursuant to this Section 3.15, each of the Master Servicer and the Special Servicer may
(i) affix a reasonable disclaimer to any information provided by it for which it is not the original source (without suggesting liability
on the part of any other party hereto); (ii) affix to any information provided by it a reasonable statement regarding securities
law restrictions on such information and/or condition access to information on the execution of a reasonable confidentiality agreement;
(iii) withhold access to confidential information or any intellectual property; and (iv) withhold access to items of information
contained in the Servicing File for any Mortgage Loan or Serviced Companion Loan if the disclosure of such items would constitute a waiver
of the attorney-client privilege.

Each of the Master Servicer
and the Special Servicer, as applicable, shall, without charge, make a knowledgeable Servicing Officer available via telephone to verbally
answer questions from any applicable Directing Holder and Consulting Party (to the extent such Consulting Party has consultation rights
pursuant to any related Co-Lender Agreement or pursuant to Section 3.21, Section 3.29 or Section 6.09, as applicable),
on a monthly basis, during regular business hours at such time and for such duration as the Master Servicer or the Special Servicer, as
applicable, on the one hand, and such applicable Directing Holder or Consulting Party, as applicable, on the other hand, shall reasonably
agree, regarding the performance and servicing of the applicable Serviced Trust Loans and/or related REO Properties for which the Master
Servicer or the Special Servicer, as applicable, is responsible. In any event, each applicable Directing Holder or applicable Consulting
Party, as applicable, agrees to identify for the Master Servicer and the Special Servicer in advance (but at least two (2) Business
Days prior to the related monthly conference) the applicable Mortgage Loans (or Serviced Whole Loan) and/or REO Properties it intends
to discuss. As a condition to such disclosure, the related Directing Holder shall execute a confidentiality agreement substantially in
the form of Exhibit M-4 to this Agreement and an Investor Certification.

The Master Servicer may (but
shall not be required to), in accordance with such rules and procedures as it may adopt in its sole discretion, make available through
the Master Servicer’s website or otherwise, any additional information relating to the Mortgage Loans, the Serviced Companion Loans,
the related Mortgaged Properties and/or the related Mortgagors that is not Privileged Information, for review by the Depositor, the Trustee,
the Master Servicer, the Special Servicer and the Operating Advisor.

The Special Servicer shall
deliver (to the extent available to the Special Servicer) to the Operating Advisor such reports and other information produced or otherwise
available to any Outside Controlling Note Holder, the Controlling Class Representative, the Uncertificated VRR Interest Owner or
Certificateholders generally, as requested by the Operating Advisor in support of the performance of the Operating Advisor’s obligations
under this Agreement in electronic format.

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The Operating Advisor hereby
agrees that it shall use the information provided to it by the Special Servicer solely for purposes of performing its duties as Operating
Advisor under this Agreement and shall not disclose such information to any other Person or entity except (i) with respect to Privileged
Information, pursuant to Section 3.29(i) of this Agreement, or (ii) with respect to any information other than Privileged
Information, to the extent necessary to support its conclusions in its Operating Advisor Annual Report required under Section 3.29
of this Agreement or to discharge its other duties under this Agreement.

Section 3.16          
Title and Management of REO Properties.

(a)              
In the event that title to any Mortgaged Property (other than a Mortgaged Property with respect to an Outside Serviced Mortgage
Loan) is acquired for the benefit of the Certificateholders and the Uncertificated VRR Interest Owner (or, with respect to a Serviced
Whole Loan, for the benefit of the Certificateholders, the Uncertificated VRR Interest Owner, any related Loan-Specific Certificateholders
and the related Serviced Companion Loan Holder(s)) (as a collective whole as if such Certificateholders, the Uncertificated VRR Interest
Owner and, if applicable, such Loan-Specific Certificateholders and such Serviced Companion Loan Holder(s) constituted a single lender)
(either by the Trust Fund or by a single member limited liability company established for that purpose) in foreclosure, by deed-in-lieu
of foreclosure or upon abandonment or reclamation from bankruptcy, the deed or certificate of sale shall be taken in the name of a nominee
of the Trustee (which shall not include the Master Servicer), or a separate trustee or co-trustee, on behalf of the Trust Fund and
any related Serviced Companion Loan Holders. The Special Servicer, on behalf of the Trust Fund, shall sell any REO Property prior to the
close of the third calendar year following the year in which the Lower-Tier REMIC or the Trust Subordinate Companion Loan REMIC, as
applicable, acquires ownership of such REO Property, within the meaning of Treasury Regulations Section 1.856-6(b)(1), for
purposes of Code Section 860G(a)(8), unless (i) the IRS grants (or does not deny) an extension of time (an “REO Extension”)
to sell such REO Property or (ii) the Special Servicer obtains an Opinion of Counsel for the Special Servicer, the Certificate Administrator
and the Trustee, addressed to the Special Servicer, the Certificate Administrator and the Trustee, to the effect that the holding by the
Lower-Tier REMIC or the Trust Subordinate Companion Loan REMIC, as applicable, of such REO Property subsequent to the close of the
third calendar year following the year in which such acquisition occurred will not result in the imposition of taxes on “prohibited
transactions” (as defined in Code Section 860F) of any Trust REMIC, or cause any Trust REMIC to fail to qualify as a REMIC
under the Code at any time that any of the Lower-Tier Regular Interests, the Trust Subordinate Companion Loan Regular Interests, the
Regular Certificates, the Loan-Specific Certificates or the Class VRR Upper-Tier Regular Interest is outstanding. If the Special Servicer
is granted (or is not denied) the REO Extension contemplated by clause (i) of the immediately preceding sentence or obtains the Opinion
of Counsel contemplated by clause (ii) of the immediately preceding sentence, the Special Servicer shall sell such REO Property within
such longer period as is permitted by such REO Extension or such Opinion of Counsel, as the case may be. Any expense incurred by the Special
Servicer in connection with its receiving the REO Extension contemplated by clause (i) of the second preceding sentence or its obtaining
the Opinion of Counsel contemplated by clause (ii) of the second preceding sentence shall be an expense of the

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Trust Fund payable out of the Collection
Account pursuant to Section 3.06(a) of this Agreement. The Special Servicer, on behalf of the Trust Fund and any related Serviced
Companion Loan Holder, in accordance with the Servicing Standard, shall dispose of any REO Property held by the Trust Fund (i) prior
to the last day of such period (taking into account extensions) by which such REO Property is required to be disposed of pursuant
to the provisions of the immediately preceding sentence in a manner provided under Section 3.17 of this Agreement and (ii) on
the same terms and conditions as if it were the owner of such REO Property. The Special Servicer shall manage, conserve, protect and operate
each REO Property for the Certificateholders (and any applicable Loan-Specific Certificateholders), the Uncertificated VRR Interest Owner
and, if applicable, the related Serviced Companion Loan Holder, solely for the purpose of its prompt disposition and sale in a manner
which does not cause such REO Property to fail to qualify as “foreclosure property” within the meaning of Code Section 860G(a)(8) or
result in the receipt by the Trust Fund of any “income from non-permitted assets” within the meaning of Code Section 860F(a)(2)(B) or
(i) endanger the status of any Trust REMIC as a REMIC or (ii) result in the imposition of a tax upon any Trust REMIC or the
Trust Fund.

(b)                 The
Special Servicer shall have full power and authority, subject only to the specific requirements and prohibitions of this Agreement, to
do any and all things in connection with any REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan) as
are consistent with the Servicing Standard and the terms of this Agreement, all on such terms and for such period as the Special Servicer
deems to be in the best interests of Certificateholders (and any applicable Loan-Specific Certificateholders), the Uncertificated VRR
Interest Owner and, if applicable, the related Serviced Companion Loan Holder(s) (as a collective whole as if such Certificateholders
(and any applicable Loan-Specific Certificateholders), the Uncertificated VRR Interest Owner and, if applicable, the related Serviced
Companion Loan Holder(s) constituted a single lender (and, in the case of a Serviced AB Whole Loan, taking into account the subordinate
nature of any related Subordinate Companion Loan(s))), and, in connection therewith, the Special Servicer shall only agree to the payment
of management fees that are consistent with general market standards or to terms that are more favorable. Consistent with the foregoing,
the Special Servicer shall cause or permit to be earned with respect to such REO Property any “net income from foreclosure property,”
within the meaning of Code Section 860G(c), which is subject to tax under the REMIC Provisions only if it has determined, and
has so advised the Certificate Administrator in writing, that the earning of such income on a net after-tax basis could reasonably
be expected to result in a greater recovery on behalf of Certificateholders (and any applicable Loan-Specific Certificateholders), the
Uncertificated VRR Interest Owner and, if applicable, the related Companion Loan Holder(s) (as a collective whole as if such Certificateholders
(and any applicable Loan-Specific Certificateholders), the Uncertificated VRR Interest Owner and, if applicable, the related Companion
Loan Holder(s), constituted a single lender (and, in the case of a Serviced AB Whole Loan, taking into account the subordinate nature
of any related Subordinate Companion Loan(s))) than an alternative method of operation or rental of such REO Property that would
not be subject to such a tax. The Special Servicer shall segregate and hold all revenues received by it with respect to any REO Property
separate and apart from its own funds and general assets and shall establish and maintain with respect to any REO Property a segregated
custodial account (each, an “REO Account”),

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each of which shall be an Eligible Account
and (subject to any changes in the identities of the Special Servicer and/or the Trustee) shall be entitled (a) with respect to each of
the Mortgage Loans (other than any Outside Serviced Mortgage Loan) and any Serviced Whole Loans (other than the Yorkshire & Lexington
Towers Whole Loan), “Greystone Servicing Company LLC, as Special Servicer, on behalf of Wilmington Trust, National Association,
as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through
Certificates, Series 2022-GC48, and the Uncertificated VRR Interest Owner [IN THE CASE OF AN REO PROPERTY RELATED TO A SERVICED WHOLE
LOAN: and the related Serviced Companion Loan Holder(s)], as their interests may appear--REO Account”; and (b) with respect to the
Yorkshire & Lexington Towers Whole Loan, “Rialto Capital Advisors, LLC, as Special Servicer, on behalf of Wilmington Trust,
National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial
Mortgage Pass Through Certificates, Series 2022-GC48, the Uncertificated VRR Interest Owner and the related Serviced Companion Loan Holder(s),
as their interests may appear--REO Account”. The Special Servicer shall be entitled to withdraw for its account any interest or
investment income earned on funds deposited in an REO Account to the extent provided in Section 3.07(b) of this Agreement.
The Special Servicer shall deposit or cause to be deposited in the REO Account, within two (2) Business Days after receipt of properly
identified funds, all revenues and proceeds received by it with respect to any REO Property, and shall withdraw therefrom funds necessary
for the proper operation, management and maintenance of such REO Property and for other Property Protection Expenses with respect to such
REO Property, including:

(i)                 all
insurance premiums due and payable in respect of any REO Property;

(ii)             
all real estate taxes and assessments in respect of any REO Property that may result in the imposition of a lien thereon;

(iii)           
all costs and expenses reasonable and necessary to protect, maintain, manage, operate, repair and restore any REO Property including,
if applicable, the payments of any ground rents in respect of such REO Property; and

(iv)              any
taxes imposed on any Trust REMIC in respect of net income from foreclosure property in accordance with Section 4.05 of
this Agreement.

To the extent that such REO
Proceeds are insufficient for the purposes set forth in clauses (i) through (iv) above and the Special Servicer has provided written
notice of such shortfall to the Master Servicer at least five (5) Business Days (or, in an emergency situation or on an urgent basis,
two (2) Business Days, provided that the written notice sets forth the nature of the emergency or the basis of the urgency) prior
to the date that such amounts are due, the Master Servicer shall advance the amount of such shortfall unless the Master Servicer determines,
in accordance with the Servicing Standard, that such Advance would be a Nonrecoverable Advance (in which case such costs shall be an expense
of the Trust Fund and paid by the Master Servicer out of the Collection Account). If the Master Servicer does not make any such Advance
in violation of the immediately preceding sentence, the Trustee shall make such Advance unless the Trustee

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determines that such Advance would be a Nonrecoverable
Advance. The Trustee shall be entitled to rely, conclusively, on any determination by the Master Servicer that an Advance, if made, would
be a Nonrecoverable Advance. The Trustee, in determining whether or not a proposed Advance would be a Nonrecoverable Advance, shall use
its good faith business judgment. The Master Servicer or the Trustee, as applicable, shall be entitled to reimbursement of such Advances
(with interest at the Advance Rate) made pursuant to the preceding sentence, to the extent set forth in Section 3.06
and/or, if applicable, Section 3.06A of this Agreement. The Special Servicer shall withdraw from each REO Account and remit
to the Master Servicer for deposit into the Collection Account, or, for a Serviced Whole Loan, the related Whole Loan Custodial Account,
on a monthly basis prior to the related Master Servicer Remittance Date the Net REO Proceeds, Net Liquidation Proceeds, Net Condemnation
Proceeds and Net Insurance Proceeds received or collected from each REO Property during the related Collection Period, except that in
determining the amount of any such Net REO Proceeds, the Special Servicer may retain in each REO Account reasonable reserves for repairs,
replacements and necessary capital improvements and other related expenses. Notwithstanding the foregoing, the Special Servicer shall
not:

(i)                  permit the Trust Fund to enter into, renew or extend any New Lease, if the New Lease by its terms will give rise to any income
that does not constitute Rents from Real Property;

(ii)                              permit
any amount to be received or accrued under any New Lease, other than amounts that will constitute Rents from Real Property;

(iii)                 authorize
or permit any construction on any REO Property, other than the repair or maintenance thereof or the completion of a building or other
improvement thereon, and then only if more than ten percent of the construction of such building or other improvement was completed before
default on the related Mortgage Loan or Serviced Whole Loan became imminent, all within the meaning of Code Section 856(e)(4)(B);
or

(iv)                  Directly
Operate or allow any Person to Directly Operate any REO Property on any date more than 90 days after its date of acquisition by
the Trust Fund, unless such Person is an Independent Contractor;

unless, in any such case, the Special Servicer
has requested and received an Opinion of Counsel addressed to the Special Servicer, any related Serviced Companion Loan Holder, the Certificate
Administrator and the Trustee (which opinion shall be an expense of the Trust Fund and, if any related Serviced Companion Loan is part
of a REMIC, the related Serviced Companion Loan Holder) to the effect that such action will not cause such REO Property to fail to qualify
as “foreclosure property” within the meaning of Code Section 860G(a)(8) (determined without regard to the exception
applicable for purposes of Code Section 860D(a)) at any time that it is held by the Trust Fund, in which case the Special Servicer
may take such actions as are specified in such Opinion of Counsel.

The Special Servicer shall be required to contract
with an Independent Contractor, the fees and expenses of which shall be an expense of the Trust Fund and payable out of REO Proceeds,
for the operation and management of any REO Property, within 90 days of the Trust Fund’s

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acquisition thereof (unless the Special Servicer
shall have provided the Trustee and the Certificate Administrator with an Opinion of Counsel that the operation and management of any
REO Property other than through an Independent Contractor shall not cause such REO Property to fail to qualify as “foreclosure property”
within the meaning of Code Section 860G(a)(8)) (which opinion shall be an expense of the Trust Fund), provided that:

(i)                  the
terms and conditions of any such contract shall be reasonable and customary for the area and type of property and shall not be inconsistent
herewith;

(ii)             
any such contract shall require, or shall be administered to require, that the Independent Contractor pay all costs and expenses
incurred in connection with the operation and management of such REO Property, including those listed above, and remit all related revenues
(net of such costs and expenses) to the Special Servicer as soon as practicable, but in no event later than thirty days following
the receipt thereof by such Independent Contractor;

(iii)           
 none of the provisions of this Section 3.16(b) relating to any such contract or to actions taken through any such Independent
Contractor shall be deemed to relieve the Special Servicer of any of its duties and obligations to the Trust Fund or the Trustee on behalf
of the Certificateholders (and any applicable Loan-Specific Certificateholders), the Uncertificated VRR Interest Owner and, if applicable,
any related Serviced Companion Loan Holder with respect to the operation and management of any such REO Property; and

(iv)               the
Special Servicer shall be obligated with respect thereto to the same extent as if it alone were performing all duties and obligations
in connection with the operation and management of such REO Property.

The Special Servicer shall
be entitled to enter into any agreement with any Independent Contractor performing services for it related to its duties and obligations
hereunder for indemnification of the Special Servicer by such Independent Contractor, and nothing in this Agreement shall be deemed to
limit or modify such indemnification.

(c)                  When
and as necessary, the Special Servicer shall send to the Trustee and the Certificate Administrator and the related Serviced Companion
Loan Holder (or the master servicer or special servicer for the related Other Securitization Trust on its behalf) a statement prepared
by the Special Servicer setting forth the amount of net income or net loss, as determined for federal income tax purposes, resulting
from the operation and management of a trade or business on, the furnishing or rendering of a non-customary service to the tenants
of, or the receipt of any other amount not constituting Rents from Real Property in respect of, any REO Property in accordance with Section 3.16(a)
and Section 3.16(b) of this Agreement.

(d)              
Notwithstanding anything to the contrary, this Section 3.16 shall not apply to any REO Property related to an Outside
Serviced Mortgage Loan.         

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Section 3.17 
                 Sale
of Defaulted Loans and REO Properties; Sale of Outside Serviced Mortgage Loans.

(a)               
The parties hereto may sell or purchase, or permit the sale or purchase of, a Mortgage Loan (excluding an Outside Serviced
Mortgage Loan) only (i) on the terms and subject to the conditions set forth in this Section 3.17, (ii) as otherwise
expressly provided in or contemplated by Sections 2.03 and 9.01 of this Agreement, or (iii) (A) in the case
of a Mortgage Loan related to a Serviced Whole Loan in accordance with and subject to the provisions of the related Co-Lender Agreement
and Section 3.28 of this Agreement and (B) in the case of a Mortgage Loan with a related mezzanine loan or subordinate
mortgage loan, in accordance with and subject to the provisions of the related intercreditor agreement.

(b)                 Promptly
upon a Serviced Loan or Serviced Whole Loan becoming a Defaulted Loan and if the Special Servicer determines in accordance with the Servicing
Standard that it would be in the best interests of the Certificateholders (and any applicable Loan-Specific Certificateholders), the
Uncertificated VRR Interest Owner and, in the case of a Serviced Whole Loan, any related Serviced Companion Loan Holder(s) (as a collective
whole as if such Certificateholders, any such applicable Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner and,
in the case of a Serviced Whole Loan, any related Serviced Companion Loan Holder(s), constituted a single lender, taking into account
the subordinate nature of any related Subordinate Companion Loan) to attempt to sell such Defaulted Loan, the Special Servicer shall
use reasonable efforts to solicit offers for such Defaulted Loan on behalf of the Certificateholders (and any applicable Loan-Specific
Certificateholders), the Uncertificated VRR Interest Owner and, if applicable, any related Serviced Companion Loan Holder(s) in such
manner as will be reasonably likely to realize a fair price. Subject to the other subsections of this Section 3.17, the
Special Servicer shall accept the first (and, if multiple offers are contemporaneously received, the highest) cash offer received from
any Person that constitutes a fair price for such Defaulted Loan. The Special Servicer shall notify any applicable Directing Holder and
Consulting Party of any written offers (excluding, for the sake of clarity, any unsuccessful bids received during an auction, whether
live or on-line, that were lower than the accepted offer) received regarding the sale of any Defaulted Loan, in each case to the extent
requested by any such party. Any Serviced Companion Loan that is part of a Defaulted Serviced Whole Loan is to be sold together with
the related Mortgage Loan, subject to the other subsections of this Section 3.17 and any additional requirements set forth
in the related Co-Lender Agreement.

(c)              
The Special Servicer shall give the Trustee, the Certificate Administrator, the Master Servicer, any related Serviced Companion
Loan Holder (in the case of a Serviced Whole Loan), any applicable Directing Holder and Consulting Party not less than five (5) Business
Days’ prior written notice of its intention to sell any Defaulted Loan. No Interested Person shall be obligated to submit an offer
to purchase any Defaulted Loan, and notwithstanding anything to the contrary contained herein, neither the Trustee, in its individual
capacity, nor any of its Affiliates may offer to purchase, or purchase any Defaulted Loan pursuant hereto.

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(d)                Whether any cash offer constitutes a fair price for any Defaulted Loan for purposes of Section 3.17(b) of this Agreement
shall be determined by the Special Servicer, if the offeror is a Person other than an Interested Person, and by the Trustee, if the offeror
is an Interested Person (provided that the Trustee may not be an offeror); provided, however, that no offer from
an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least two other
offers are received from independent third parties; and provided, further, notwithstanding the immediately preceding proviso,
the Purchase Price for any Defaulted Loan (and any equivalent amount for any related Serviced Companion Loan) shall be deemed a fair
price in all cases, including with respect to any offer from an Interested Person. In all cases under this Agreement (except to the extent
the Trustee is not required to determine whether any cash offer constitutes a fair price for any Defaulted Loan pursuant to the immediately
preceding sentence), in determining whether any offer received from an Interested Person represents a fair price for any Defaulted Loan,
the Trustee shall (at the expense of the Interested Person) designate an independent third party expert in real estate or commercial
mortgage loan matters with at least five (5) years’ experience in valuing or investing in mortgage loans similar to such Defaulted
Loan that has been selected with reasonable care by the Trustee to determine if such cash offer constitutes a fair price for such Defaulted
Loan; provided that the Trustee will not engage a third party expert whose fees exceed a commercially reasonable amount as determined
by the Trustee. The reasonable costs of all appraisals, inspection reports and broker opinions of value incurred by any such third party
pursuant to this Section 3.17(d) will be covered by, and will be reimbursable by the Interested Person. The Trustee will be entitled
to rely conclusively upon such third party’s determination. In determining whether any such offer from a Person other than an Interested
Person constitutes a fair price for any such Defaulted Loan, the Special Servicer shall take into account (in addition to the results
of any Appraisal, updated Appraisal or narrative Appraisal that it may have obtained pursuant to this Agreement within the prior 9 months),
among other factors, the period and amount of any delinquency on such Defaulted Loan, the occupancy level and physical condition of the
related Mortgaged Property and the state of the local economy. The appraiser conducting any new Appraisal for determining whether any
offer from a Person other than an Interested Person represents a fair price for any Defaulted Loan shall be an Appraiser selected by
the Special Servicer. The cost of any such Appraisal shall be covered by, and shall be reimbursable to, the Master Servicer as a Property
Advance if no Interested Person is offering to purchase such Defaulted Loan.

(e)                  Subject
to Section 3.17(a) through Section 3.17(d), Section 3.17(f), Section 3.17(g) and Section 3.17(m),
the Special Servicer shall act on behalf of the Trust Fund and any affected Serviced Companion Loan Holder in negotiating and taking
any other action necessary or appropriate in connection with the sale of any Defaulted Loan, and the collection of all amounts payable
in connection therewith. In connection therewith, the Special Servicer may charge prospective offerors, and may retain, fees that approximate
the Special Servicer’s actual costs in the preparation and delivery of information pertaining to such sales or exchanging offers
without obligation to deposit such amounts into the Collection Account or, if applicable, the Whole Loan Custodial Account. Any sale
of any Defaulted Loan shall be final and without recourse to the Trustee, the Certificate Administrator or the Trust Fund (except such
recourse to the Trust Fund imposed by those representations and warranties typically given in such transactions, any appropriations

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applied thereto and any customary closing
matters), and if such sale is consummated in accordance with the terms of this Agreement, none of the Special Servicer, the Master Servicer,
the Depositor, the Certificate Administrator, the Operating Advisor or the Trustee shall have any liability to any Certificateholder or
the Uncertificated VRR Interest Owner with respect to the purchase price therefor accepted by the Special Servicer or the Trustee.

(f)                  Subject
to (x) the rights of a holder of a mezzanine loan, under the respective intercreditor agreement, and (y) the rights of a Subordinate
Companion Loan Holder, under the respective Co-Lender Agreement, to purchase a Mortgage Loan or Serviced Whole Loan (or senior portion
thereof), unless and until a Defaulted Loan is sold pursuant to this Section , the Special Servicer shall continue to service
and administer such Defaulted Loan in accordance with the Servicing Standard and this Agreement and shall pursue such other resolutions
or recovery strategies including workout, foreclosure or sale of such Defaulted Loan, as is consistent with this Agreement and the Servicing
Standard.

(g)                Any
sale of a Defaulted Loan pursuant to this Section 3.17 shall be for cash only. The purchase price for any Defaulted Loan
purchased under this Section 3.17 or any Outside Serviced Mortgage Loan sold in accordance with the related Co-Lender
Agreement or Outside Servicing Agreement, shall be deposited into the Collection Account or the related Whole Loan Custodial Account,
as applicable, and the Certificate Administrator (or a Custodian appointed by it), upon receipt of (i) an Officer’s Certificate
from the Master Servicer to the effect that such deposit has been made and (ii) a Request for Release, shall release or cause to be released
to the purchaser of the Defaulted Loan the related Mortgage File, and the Trustee, the Master Servicer or the Special Servicer, as applicable,
shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as shall be necessary to vest in
such purchaser ownership of such Defaulted Loan. In connection with any such purchase, the Special Servicer and the Master Servicer shall
deliver the related Servicing File (to the extent either has possession of such file) to such purchaser.

(h)                 The
parties hereto may sell or purchase, or permit the sale or purchase of, an REO Property (other than an REO Property related to an Outside
Serviced Mortgage Loan) only on the terms and subject to the conditions set forth in this Section 3.17.

(i)                
The Special Servicer shall use reasonable efforts to solicit offers for each REO Property (other than an REO Property related to
an Outside Serviced Mortgage Loan) on behalf of the Certificateholders, the Uncertificated VRR Interest Owner and the related Serviced
Companion Loan Holder in such manner as will be reasonably likely to realize a fair price within the time period specified by Section 3.16
of this Agreement. Subject to Section 3.17(m) of this Agreement, the Special Servicer shall accept the first (and, if multiple
offers are contemporaneously received, highest) cash offer received from any Person that constitutes a fair price for such REO Property.
If the Special Servicer determines, in its good faith and reasonable judgment, that it will be unable to realize a fair price for any
REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan) within the time constraints imposed by Section 3.16
of this Agreement, then the Special Servicer shall dispose of such REO Property upon such terms and conditions as the Special Servicer
shall deem necessary and desirable to maximize the

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recovery thereon under the circumstances
and, in connection therewith, shall accept the highest outstanding cash offer, regardless from whom received. The Liquidation Proceeds
(net of related Liquidation Expenses) for any REO Property sold hereunder shall be deposited in the Collection Account or, if applicable,
the related Whole Loan Custodial Account.

(j)                   The
Special Servicer shall give the Trustee, the Certificate Administrator, the Master Servicer, any related Serviced Companion Loan Holder,
any applicable Directing Holder and any applicable Consulting Party not less than three (3) Business Days’ prior written notice
of its intention to sell any REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan) hereunder. No Interested
Person shall be obligated to submit an offer to purchase any REO Property, and notwithstanding anything to the contrary contained herein,
neither the Trustee, in its individual capacity, nor any of its Affiliates may offer to purchase, or purchase, any REO Property pursuant
hereto.

(k)              
Whether any cash offer constitutes a fair price for any REO Property (other than an REO Property related to an Outside Serviced
Mortgage Loan) for purposes of Section 3.17(i) of this Agreement shall be determined by the Special Servicer, if the
offeror is a Person other than an Interested Person, and by the Trustee, if the offeror is an Interested Person (provided that
the Trustee may not be an offeror); provided, however, that no offer from an Interested Person shall constitute a fair price
unless (i) it is the highest offer received and (ii) at least two other offers are received from independent third parties;
and provided, further, notwithstanding the immediately preceding proviso, the Purchase Price for any such REO Property shall be
deemed a fair price in all cases, including with respect to any offer from an Interested Person. In determining whether any offer received
from an Interested Person represents a fair price for any such REO Property, the Trustee shall (at the expense of the Interested Person)
designate an independent third party expert in real estate or commercial mortgage loan matters with at least five (5) years’ experience
in valuing or investing in properties similar to such REO Property that has been selected with reasonable care by the Trustee to determine
if such cash offer constitutes a fair price for such REO Property; provided that the Trustee will not engage a third party expert
whose fees exceed a commercially reasonable amount as determined by the Trustee. The reasonable costs of all appraisals, inspection reports
and broker opinions of value incurred by any such third party pursuant to this Section 3.17(k) will be covered by, and will
be reimbursable by the Interested Person. The Trustee will be entitled to rely conclusively upon such third party’s determination.
In determining whether any such offer from a Person other than an Interested Person constitutes a fair price for any such REO Property,
the Special Servicer shall take into account (in addition to the results of any Appraisal, updated Appraisal or narrative Appraisal that
it may have obtained pursuant to this Agreement within the prior 9 months), among other factors, the period and amount of any delinquency
on the related Mortgage Loan or Serviced Whole Loan, the occupancy level and physical condition of such REO Property, the state of the
local economy and the obligation to dispose of such REO Property within the time period specified in Section 3.16 of this
Agreement. The appraiser conducting any new Appraisal for determining whether any offer from a Person other than an Interested Person
represents a fair price for any REO Property shall be an Appraiser selected by the Special Servicer. The cost of any such

    	 	- 294 -	 

     

    

Appraisal shall be covered by, and shall
be reimbursable to, the Master Servicer as a Property Advance if no Interested Person is offering to purchase such REO Property.

(l)                  Subject
to Section 3.17(a) through Section 3.17(k) and Section 3.17(m) of this Agreement, the Special
Servicer shall act on behalf of the Trust Fund and any affected Serviced Companion Loan Holder in negotiating and taking any other action
necessary or appropriate in connection with the sale of any Defaulted Loan or REO Property (other than an REO Property related to an
Outside Serviced Mortgage Loan), and the collection of all amounts payable in connection therewith. In connection therewith, the Special
Servicer may charge prospective offerors, and may retain, fees that approximate the Special Servicer’s actual costs in the preparation
and delivery of information pertaining to such sales or exchanging offers without obligation to deposit such amounts into the Collection
Account or, if applicable, the related Whole Loan Custodial Account. Any sale of any Defaulted Loan or REO Property (other than an REO
Property related to an Outside Serviced Mortgage Loan) shall be final and without recourse to the Trustee, the Certificate Administrator
or the Trust Fund or any related Serviced Companion Loan Holder (except such recourse to the Trust Fund and the related Serviced Companion
Loan Holder imposed by those representations and warranties typically given in such transactions, any appropriations applied thereto
and any customary closing matters), and if such sale is consummated in accordance with the terms of this Agreement, none of the Special
Servicer, the Master Servicer, the Depositor, the Certificate Administrator, the Operating Advisor or the Trustee shall have any liability
to any Certificateholder or the Uncertificated VRR Interest Owner with respect to the purchase price therefor accepted by the Special
Servicer or the Trustee.

(m)              
Notwithstanding any of the foregoing paragraphs of this Section 3.17, the Special Servicer shall not be obligated to
accept the highest cash offer for a Defaulted Loan if the Special Servicer determines (in consultation with any applicable Directing Holder
and Consulting Parties), in accordance with the Servicing Standard, that rejection of such offer would be in the best interests of the
applicable Certificateholders, the Uncertificated VRR Interest Owner and, in the case of a sale of a Serviced Whole Loan (or applicable
portion thereof), the related affected Serviced Companion Loan Holder(s) (as a collective whole as if such Certificateholders, the Uncertificated
VRR Interest Owner and, if applicable, any such related Serviced Companion Loan Holder(s) constituted a single lender), and the Special
Servicer may accept a lower cash offer (from any Person other than itself or an Affiliate) if it determines, in its reasonable and
good faith judgment, that acceptance of such offer would be in the best interests of the applicable Certificateholders, the Uncertificated
VRR Interest Owner and, in the case of a Serviced Whole Loan, any related affected Serviced Companion Loan Holder(s) (as a collective
whole as if such Certificateholders, the Uncertificated VRR Interest Owner and, if applicable, any such related Serviced Companion Loan
Holder(s) constituted a single lender) (for example, if the prospective buyer making the lower offer is more likely to perform its obligations
or the terms offered by the prospective buyer making the lower offer are more favorable).

Notwithstanding any of the
foregoing paragraphs of this Section 3.17, the Special Servicer shall not be obligated to accept the highest cash offer for
an REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan) if the Special Servicer determines

    	 	- 295 -	 

     

    

(in consultation with any applicable Directing
Holder and Consulting Parties), in accordance with the Servicing Standard, that rejection of such offer would be in the best interests
of the applicable Certificateholders, the Uncertificated VRR Interest Owner and, in the case of a sale of an REO Property that corresponds
to a Serviced Whole Loan, the related Serviced Companion Loan Holder(s) (as a collective whole as if such Certificateholders, the Uncertificated
VRR Interest Owner and, if applicable, any Serviced Companion Loan Holder(s) constituted a single lender (and, in the case of a Serviced
AB Whole Loan, taking into account the subordinate nature of the related Subordinate Companion Loan(s))), and the Special Servicer may
accept a lower cash offer (from any Person other than itself or an Affiliate) if it determines, in its reasonable and good faith
judgment, that acceptance of such offer would be in the best interests of the applicable Certificateholders, the Uncertificated VRR Interest
Owner and, in the case of an REO Property that corresponds to a Serviced Whole Loan, any related Serviced Companion Loan Holder(s) (as
a collective whole as if such Certificateholders, the Uncertificated VRR Interest Owner and, if applicable, any related Serviced Companion
Loan Holder(s) constituted a single lender (and, in the case of a Serviced AB Whole Loan, taking into account the subordinate nature of
the related Serviced Subordinate Companion Loan(s))) (for example, if the prospective buyer making the lower offer is more likely to perform
its obligations or the terms offered by the prospective buyer making the lower offer are more favorable).

(n)              
In no event shall the Trust Fund or the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer on
the Trust’s behalf purchase, or pay or advance costs to purchase, any Outside Serviced Mortgage Loan, or any Companion Loan or any
Mortgage Loan.

(o)                 Notwithstanding
anything herein to the contrary, any party identified in the related Co-Lender Agreement or Outside Servicing Agreement (which, if
the identified party is the holder of an Outside Serviced Mortgage Loan, shall mean the Controlling Class Representative for so
long as no Control Termination Event has occurred and is continuing), in its individual capacity and not on behalf of the Trust, shall
be entitled to purchase an Outside Serviced Mortgage Loan in accordance with the terms and conditions set forth in the related Co-Lender
Agreement and Outside Servicing Agreement. In no event shall the Trust Fund or the Trustee, the Master Servicer or the Special Servicer
on its behalf purchase, or pay or advance costs to purchase, any Outside Serviced Mortgage Loan or the related Companion Loan(s) or any
other Mortgage Loan.

(p)              
Notwithstanding anything to the contrary herein, any purchase or sale of a Specially Serviced Loan pursuant to this Section 3.17
will remain subject to the cure, purchase and other rights of, in each case if applicable, any related Subordinate Companion Loan Holder
as set forth in the related Co-Lender Agreement and any holder of a related mezzanine loan as set forth in the related intercreditor
agreement. The Special Servicer shall determine the price to be paid in accordance with the terms of the related Co-Lender Agreement
or the related mezzanine loan intercreditor agreement in connection with any such purchase rights in favor of any related Subordinate
Companion Loan Holder or mezzanine loan holder and shall provide such notices to the related Subordinate Companion Loan Holder or the
holder of a related mezzanine loan as are required by the related Co-Lender Agreement or the related mezzanine loan intercreditor
agreement in connection with each such holders’ purchase rights.

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(q)                With respect to any Serviced Whole Loan (other than any such Whole Loan that is a Serviced Outside Controlled Whole Loan) that,
pursuant to terms of the related Co-Lender Agreement, becomes a Defaulted Serviced Whole Loan, if the Special Servicer determines
to sell the related Serviced Mortgage Loan in accordance with this Section 3.17, then the Special Servicer shall sell each
related Serviced Pari Passu Companion Loan (and any related Trust Subordinate Companion Loan) together with such Serviced Mortgage Loan
as a single whole loan in accordance with this Agreement and subject to any rights of the applicable Directing Holder and the holder
of any related non-controlling Serviced Pari Passu Companion Loan hereunder or under the related Co-Lender Agreement. Notwithstanding
anything to the contrary herein, the Special Servicer shall not sell any such Serviced Whole Loan if it becomes a Defaulted Serviced
Whole Loan without the written consent of each related Serviced Pari Passu Companion Loan Holder (provided that such consent is
not required if the consenting party is the related Mortgagor or an Affiliate of the related Mortgagor) unless the Special Servicer has
delivered (which delivery may be by electronic mail to the extent it would not be prohibited under the terms of the related Co-Lender
Agreement) to such related Serviced Pari Passu Companion Loan Holder (at the expense of such Serviced Pari Passu Companion Loan Holder
to the extent permitted under the terms of the related Co-Lender Agreement; provided, that to the extent an Other Securitization
Trust is the related Serviced Pari Passu Companion Loan Holder, no such expense shall be payable out of such Other Securitization Trust
or by the parties to the related Other Pooling and Servicing Agreement): (a) at least 15 Business Days’ prior written notice
of any decision to attempt to sell such Defaulted Serviced Whole Loan; (b) at least 10 days prior to the proposed sale
date, a copy of each bid package (together with any material amendments to such bid packages) received by the Special Servicer in connection
with any such proposed sale; (c) at least 10 days prior to the proposed sale date, a copy of the most recent appraisal
for the subject Serviced Whole Loan, and any documents in the Servicing File reasonably requested by such related Serviced Pari Passu
Companion Loan Holder that are material to the price of the subject Serviced Whole Loan; and (d) until the sale is completed,
and a reasonable period of time (but no less time than is afforded to other offerors) prior to the proposed sale date, all information
and other documents being provided to other offerors and all leases or other documents that are approved by the Master Servicer or the
Special Servicer in connection with the proposed sale; provided, that a related Serviced Pari Passu Companion Loan Holder may waive as
to itself any of the delivery or timing requirements set forth in this sentence. The applicable Directing Holder and each related Serviced
Pari Passu Companion Loan Holder may submit an offer to purchase, and any such party is permitted to be the purchaser at any sale of,
the subject Defaulted Serviced Whole Loan unless such Person is the related Mortgagor or an agent or Affiliate of the related Mortgagor.

(r)               
With respect to any Serviced Whole Loan that is a Serviced Outside Controlled Whole Loan that, pursuant to the terms of the related
Co-Lender Agreement, becomes a Defaulted Serviced Whole Loan, and if the Special Servicer determines to sell the related Serviced
Mortgage Loan in accordance with this Section 3.17, then the Special Servicer shall sell each related Serviced Pari Passu
Companion Loan together with such Serviced Mortgage Loan as a single whole loan in accordance with this Agreement and subject to any rights
of any related Outside Controlling Note Holder, the Controlling Class Representative and/or the holder of any related non-controlling
Serviced Pari Passu

    	 	- 297 -	 

     

    

Companion Loan hereunder or under the
related Co-Lender Agreement. Notwithstanding anything to the contrary herein, the Special Servicer shall not sell any such Serviced
Whole Loan if it becomes a Defaulted Serviced Whole Loan without the written consent of the Controlling Class Representative (unless
a Consultation Termination Event exists), the related Outside Controlling Note Holder and the holder of each related non-controlling
Serviced Pari Passu Companion Loan (provided that such consent is not required if the consenting party is the related Mortgagor or an
Affiliate of the related Mortgagor) unless the Special Servicer has delivered (which delivery may be by electronic mail to the extent
it would not be prohibited under the terms of the related Co-Lender Agreement) to the Controlling Class Representative, the related
Outside Controlling Note Holder and the holder of each related non-controlling Serviced Pari Passu Companion Loan (at the expense
of such Outside Controlling Note Holder and the holder of each related non-controlling Serviced Pari Passu Companion Loan, to the
extent permitted under the terms of the related Co-Lender Agreement): (a) at least 15 Business Days’ prior written notice of
any decision to attempt to sell such Serviced Whole Loan; (b) at least 10 days prior to the proposed sale date, a copy of each bid
package (together with any material amendments to such bid packages) received by the Special Servicer in connection with any such proposed
sale; (c) at least 10 days prior to the proposed sale date, a copy of the most recent appraisal for the subject Serviced Whole Loan,
and any documents in the Servicing File reasonably requested by the Controlling Class Representative, the related Outside Controlling
Note Holder and the holder of each related non-controlling Serviced Pari Passu Companion Loan that are material to the price of the
subject Serviced Whole Loan; and (d) until the sale is completed, and a reasonable period of time (but no less time than is afforded to
other offerors and the Controlling Class Representative) prior to the proposed sale date, all information and other documents being
provided to other offerors and all leases or other documents that are approved by the Master Servicer or the Special Servicer in connection
with the proposed sale; provided, that the Controlling Class Representative, the related Outside Controlling Note Holder and
the holder of each related non-controlling Serviced Pari Passu Companion Loan may each waive as to itself any of the delivery or timing
requirements set forth in this sentence. The Controlling Class Representative, the related Outside Controlling Note Holder and the
holder of each related non-controlling Serviced Pari Passu Companion Loan shall be permitted to submit an offer to purchase, and any
such party is permitted to be the purchaser at any sale of, the subject Serviced Whole Loan unless such Person is the related Mortgagor
or an agent or Affiliate of the related Mortgagor.

Notwithstanding the prior
paragraph, with respect to any Serviced AB Whole Loan that includes a Subordinate Companion Loan held outside the Issuing Entity, if such
Serviced AB Whole Loan becomes a Defaulted Serviced Whole Loan, and if the Special Servicer determines to sell the related Serviced Mortgage
Loan in accordance with this Section 3.17, then the Special Servicer shall not be permitted or required to sell the related
Serviced Subordinate Companion Loan(s) together with such Serviced Mortgage Loan and any related Serviced Pari Passu Companion Loan(s)
as a single whole loan except as required by the related Co-Lender Agreement.

If any Trust Subordinate
Companion Whole Loan becomes a Defaulted Serviced Whole Loan, and if the Special Servicer determines to sell the related Serviced Mortgage
Loan in accordance with this Section 3.17, then the Special Servicer shall sell the related Trust Subordinate

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Companion Loan together with such Serviced
Mortgage Loan and any related Serviced Pari Passu Companion Loan(s) as one whole loan in accordance with this Agreement and the related
Co-Lender Agreement.

(s)                 With
respect to any Outside Serviced Mortgage Loan upon becoming a “Defaulted Mortgage Loan” (as such term or any analogous
term is defined pursuant to the terms of the applicable Outside Servicing Agreement), and with respect to any REO Property related to
an Outside Serviced Mortgage Loan, the liquidation of such Outside Serviced Mortgage Loan or such REO Property shall be administered
by the related Outside Special Servicer in accordance with the applicable Outside Servicing Agreement and the related Co-Lender Agreement.
Any such sale of an Outside Serviced Mortgage Loan or any related REO Property pursuant to the applicable Outside Servicing Agreement
and/or the related Co-Lender Agreement shall be final and without recourse to the Trustee or the Trust, and none of the Master Servicer,
the Special Servicer, the Certificate Administrator or the Trustee shall have any liability to any Certificateholder or the Uncertificated
VRR Interest Owner with respect to the purchase price for such Outside Serviced Mortgage Loan or such REO Property accepted on behalf
of the Trust. Any proceeds of such a sale received by the Trust Fund shall be promptly deposited in the Collection Account.

Section 3.18             Additional
Obligations of the Master Servicer; Inspections; Obligation to Notify Ground Lessors; Delivery of Certain Reports to the Serviced Companion
Loan Holder.

(a)              
The Master Servicer (or, with respect to Specially Serviced Loans and REO Properties, the Special Servicer) shall inspect or cause
to be inspected each Mortgaged Property that secures a Serviced Loan at such times and in such manner as are consistent with the Servicing
Standard, but in any event at least once every calendar year with respect to such Mortgaged Property relating to Serviced Mortgage Loans
with an outstanding principal balance of $2,000,000 or more and at least once every other calendar year with respect to such Mortgaged
Property relating to Serviced Mortgage Loans with an outstanding principal balance of less than $2,000,000, in each case commencing in
2023; provided that the Master Servicer is not required to inspect any Mortgaged Property that has been inspected by the Special
Servicer during the preceding 12 months. If any Serviced Mortgage Loan or Serviced Whole Loan becomes a Specially Serviced Loan, the related
Mortgaged Property shall be inspected by the Special Servicer as soon as practicable and thereafter at least every calendar year for so
long as such condition exists. The cost of any annual inspection, or bi-annual inspection, as the case may be, shall be borne by the
Master Servicer unless the related Serviced Mortgage Loan or Serviced Whole Loan is a Specially Serviced Loan. The Master Servicer shall
reimburse the Special Servicer for the cost of any inspection of a Specially Serviced Loan as a Property Advance (or as an expense of
the Trust Fund and paid by the Master Servicer out of the Collection Account if such Property Advance would be a Nonrecoverable Advance)
and any out-of-pocket costs incurred with respect to such inspection shall be borne by the Trust Fund. The Special Servicer or
the Master Servicer, as applicable, shall prepare or cause to be prepared a written report of each such inspection performed by it pursuant
to this Section 3.18(a), and shall, as soon as reasonably practicable following completion, deliver or make available a

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copy (in electronic format) of each such
report to the Certificate Administrator (who shall post such report to the Certificate Administrator’s Website for review by Privileged
Persons in accordance with Section 4.02(a)).

(b)                 The
Master Servicer shall, as to each Mortgage Loan (excluding an Outside Serviced Mortgage Loan) which is secured by the interest of the
related Mortgagor under a Ground Lease, even if the corresponding fee interest is encumbered, promptly (and in any event within 60 days
following the later of the Closing Date or its receipt of a copy of the Ground Lease) notify the related ground lessor of the transfer
of such Mortgage Loan to the Trust Fund pursuant to this Agreement and inform such ground lessor that any notices of default under the
related Ground Lease should thereafter be forwarded to the Master Servicer. The Master Servicer shall forward to the Special Servicer
any written notice of default under a ground lease.

(c)              
The Master Servicer and the Special Servicer shall each promptly prepare or cause to be prepared and deliver to each Serviced Companion
Loan Holder a written report, prepared in the manner set forth in Section 4.02, of each inspection performed by it with respect
to the related Mortgaged Property and Serviced Companion Loan related thereto.

(d)                 The
Master Servicer is hereby authorized to exercise any rights granted under the applicable Outside Servicing Agreement in favor of the
Trust (or a party on its behalf) as the holder of each Outside Serviced Mortgage Loan to obtain information from the related Outside
Servicer (or other similar parties with an obligation to make advances) in connection with making nonrecoverability determinations.
The Master Servicer shall promptly deliver to any related Outside Servicer, upon request, such information in the Master Servicer’s
possession as the related Outside Servicer reasonably requests in order to determine whether an advance similar to a P&I Advance
would be “nonrecoverable.”

(e)              
If required under the related Co-Lender Agreement, the Master Servicer shall promptly deliver to each Serviced Companion Loan
Holder or provide electronically: (i) copies of operating statements and rent rolls; (ii) annual CREFC® NOI Adjustment
Worksheets (with annual operating statements as exhibits); and (iii) annual CREFC® Operating Statement Analysis Reports,
in each case prepared, received or obtained by it pursuant to this Agreement with respect to the Mortgaged Properties securing the related
Serviced Companion Loan.

Section 3.19          
Lock-Box Accounts, Escrow Accounts.

Except with respect to the
Outside Serviced Mortgage Loans, the Master Servicer shall administer each Lock-Box Account and Escrow Account in accordance with
the related Mortgage or Loan Agreement or Lock-Box Agreement, if any, and administer any letters of credit pursuant to the related
letter of credit agreement and the Loan Documents.

Notwithstanding the foregoing,
to the extent that any cash amounts are held in an Escrow Account or other cash collateral account and the mortgagee under the related
Loan

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Documents is permitted, but not required, to
apply such amounts to prepay the related Mortgage Loan (or Serviced Whole Loan), neither the Master Servicer nor the Special Servicer
shall apply such amounts to prepay the Mortgage Loan (or Serviced Whole Loan) until after the occurrence of an event of default under
the Mortgage Loan (or Serviced Whole Loan) that may result in the Mortgage Loan (or Serviced Whole Loan) being accelerated or becoming
a Specially Serviced Loan.

Section 3.20          
Property Advances.

(a)              
Except with respect to an Outside Serviced Mortgage Loan, the Master Servicer (or, to the extent provided in Section 3.20(b)
of this Agreement, the Trustee) shall make any Property Advances as and to the extent incidental to the performance of its duties
under this Agreement or otherwise required pursuant to the terms hereof; provided that no Property Advances shall be made with
regard to a Subordinate Companion Loan held outside the Trust if the related Mortgage Loan is no longer held by the Trust. The Special
Servicer shall give the Master Servicer, the Trustee and any affected Serviced Companion Loan Holder not less than five (or, in the case
of Emergency Advances pursuant to Section 3.20(e) of this Agreement, two) Business Days’ written notice before
the date on which the Master Servicer is requested to make any Property Advance with respect to a given Specially Serviced Loan or REO
Property (other than an REO Property related to an Outside Serviced Mortgage Loan). In addition, the Special Servicer shall provide the
Master Servicer, the Trustee and any affected Serviced Companion Loan Holder with such information in its possession as the Master Servicer,
the Trustee or such Serviced Companion Loan Holder, as applicable, may reasonably request to enable the Master Servicer or the Trustee,
as applicable, to determine whether a requested Property Advance would constitute a Nonrecoverable Advance. Any such notice by the Special
Servicer to the Master Servicer of a required Property Advance shall be deemed to be a determination by the Special Servicer that such
requested Property Advance is not a Nonrecoverable Advance, and the Master Servicer shall be entitled to conclusively rely on such determination.
In the absence of a determination by the Special Servicer that a Property Advance is a Nonrecoverable Advance, all determinations of recoverability
with respect to Property Advances to be made (or contemplated to be made) by the Master Servicer or the Trustee will remain with the Master
Servicer or the Trustee, as applicable. On the fourth Business Day before each Distribution Date, the Special Servicer shall report
to the Master Servicer the Special Servicer’s determination as to whether any Property Advance previously made with respect to a
Specially Serviced Loan is a Nonrecoverable Advance promptly after making such determination. The Master Servicer and the Trustee shall
be entitled to conclusively rely on and shall be bound by such a determination and shall be bound by a determination by the Special Servicer
that a Property Advance previously made or contemplated to be made with respect to a Specially Serviced Loan is or would be a Nonrecoverable
Advance. Although the Special Servicer may determine whether a Property Advance is a Nonrecoverable Advance, the Special Servicer will
have no right to (i) make an affirmative determination that any Property Advance previously made or to be made (or contemplated to be
made) by the Master Servicer or the Trustee is, or would be, recoverable or (ii) reverse any determination that may have been made by
the Master Servicer or the Trustee or to prohibit the Master Servicer or the Trustee from making a determination that any Property Advance
constitutes or would constitute a Nonrecoverable

    	 	- 301 -	 

     

    

Advance; provided that this sentence
will not be construed to limit the Special Servicer’s right to make a determination that a Property Advance to be made (or contemplated
to be made) would be, or a previously made Advance is, a Nonrecoverable Advance, as described in this Section 3.20. The Master
Servicer and the Special Servicer shall consider Unliquidated Advances in respect of prior Property Advances for the purposes of non-recoverability
determinations as if such amounts were unreimbursed Property Advances.

For purposes of distributions
to Certificateholders, the Uncertificated VRR Interest Owner and Serviced Companion Loan Holders and compensation to the Master Servicer
or the Trustee, Property Advances shall not be considered to increase the principal balance of any Mortgage Loan or Serviced Whole Loan,
notwithstanding that the terms of such Mortgage Loan or Serviced Whole Loan so provide.

(b)                 The
Master Servicer shall notify the Trustee, the Special Servicer and any related Serviced Companion Loan Holder in writing promptly upon,
and in any event within one (1) Business Day after, becoming aware that it will be unable to make any Property Advance required to be
made pursuant to the terms hereof, and in connection therewith, shall set forth in such notice the amount of such Property Advance, the
Person to whom it will be paid, and the circumstances and purpose of such Property Advance, and shall set forth therein information and
instructions for the payment of such Property Advance, and, on the date specified in such notice for the payment of such Property Advance,
or, if the date for payment has passed or if no such date is specified, then within five (5) Business Days following such notice, the
Trustee, subject to the provisions of Section 3.20(c) of this Agreement, shall pay the amount of such Property Advance
in accordance with such information and instructions. Any notice to the Trustee pursuant to this Section shall be deemed to be given
to a Responsible Officer of the Trustee if made in accordance with Section 12.04 of this Agreement.

(c)              
None of the Master Servicer, the Special Servicer or the Trustee shall be obligated to make a Property Advance as to any Mortgage
Loan or Serviced Whole Loan or REO Property if the Master Servicer, the Special Servicer or the Trustee, as applicable, determines that
such Advance will be a Nonrecoverable Advance. The determination by any Person with an obligation hereunder to make Property Advances
that it has made a Nonrecoverable Advance or that any proposed Property Advance, if made, would constitute a Nonrecoverable Advance or
a determination by the Special Servicer that a Property Advance previously made or proposed to be made is or would, if made, constitute
a Nonrecoverable Advance, shall be made by such Person (i) in the case of the Master Servicer or the Special Servicer, in accordance
with the Servicing Standard and (ii) in the case of the Trustee, in accordance with its good faith business judgment and shall be
evidenced by an Officer’s Certificate delivered on or prior to the next Master Servicer Remittance Date to (1) the affected
Serviced Companion Loan Holders or their Companion Loan Holder representatives (and the related master servicer and special servicer under
any related Other Pooling and Servicing Agreement, if applicable), in the case of any Serviced Whole Loan, (2) the Trustee (unless
it is the Person making the determination), (3) any applicable Directing Holder, (4) the Master Servicer (unless it is the Person
making the determination), (5) the Special Servicer (unless it is the Person making the determination),

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and (6) the Depositor (if the Trustee
is making the determination), setting forth the basis for such determination, together with any other information that supports such determination
together with a copy of any Appraisal of the related Mortgaged Property or REO Property, as the case may be (which Appraisal shall be
an expense of the Trust Fund, shall take into account any material change in circumstances of which such Person is aware or such Person
has received new information, either of which has a material effect on the value and shall have been conducted in accordance with the
standards of the Appraisal Institute within the twelve months preceding such determination of nonrecoverability), and further accompanied
by related Mortgagor operating statements and financial statements, budgets and rent rolls of the related Mortgaged Property (to the extent
available and/or in such Person’s possession) and any engineers’ reports, environmental surveys or similar reports that such
Person may have obtained and that support such determination. In connection with a determination by the Special Servicer, the Master Servicer
or the Trustee as to whether a Property Advance previously made or to be made constitutes or would constitute a Nonrecoverable Advance:

(A)            
any such Person will be entitled to consider (among other things) the obligations of the Mortgagor under the terms of the
related Mortgage Loan or Serviced Whole Loan as it may have been modified, to consider (among other things) the related Mortgaged
Properties in their “as is” or then current conditions and occupancies, as modified by such party’s assumptions regarding
the possibility and effects of future adverse change with respect to such Mortgaged Properties, to estimate and consider (among other
things) future expenses and to estimate and consider (among other things) the timing of recoveries;

(B)             
any such Person may update or change its recoverability determinations at any time (but not reverse any other Person’s determination
that an Advance is a Nonrecoverable Advance) and may obtain at the expense of the Trust Fund any analysis, Appraisals or market value
estimates or other information as reasonably may be required for such purposes;

(C)             
the Special Servicer may, at its option, make a determination in accordance with the Servicing Standard that any proposed Property
Advance, if made, would be a Nonrecoverable Advance or that any outstanding Property Advance is a Nonrecoverable Advance and may deliver
to the Master Servicer, the Trustee, any applicable Directing Holder and the Controlling Class Representative if it is an applicable
Consulting Party and, in the case of a Property Advance with respect to a Serviced Outside Controlled Whole Loan, the related Outside
Controlling Note Holder notice of such determination, which determination shall be conclusive and binding on the Master Servicer and the
Trustee (but this statement shall not be construed to entitle the Special Servicer to reverse any other authorized Person’s determination,
or to prohibit any such other authorized Person from making a determination, that a Property Advance constitutes or would constitute a
Nonrecoverable Advance);

    	 	- 303 -	 

     

    

(D)            
 the Trustee shall be entitled to rely, conclusively, on any determination by the Master Servicer or Special Servicer that a Property
Advance is or, if made, would be a Nonrecoverable Advance, and the Master Servicer shall be entitled to rely, conclusively, on any determination
by the Special Servicer that a Property Advance is or, if made, would be a Nonrecoverable Advance;

(E)                 any
non-recoverability determination by the Master Servicer or the Special Servicer pursuant to this Section 3.20 with
respect to the non-recoverability of Property Advances shall be conclusive and binding on the Master Servicer (in the case of such
a determination by the Special Servicer) and the Trustee; and

(F)             
notwithstanding the foregoing, the Trustee may conclusively rely upon any determination by the Master Servicer or the Special Servicer
that any Property Advance would be recoverable (unless a non-recoverability determination has been made by the other servicer in accordance
with clause (E) above which is binding on the Trustee), and the Master Servicer may conclusively rely upon any determination by the
Special Servicer that any Property Advance would be recoverable.

(d)              
The Master Servicer, the Special Servicer and/or the Trustee, as applicable, shall be entitled to the reimbursement of Property
Advances made by any of them to the extent permitted pursuant to Section 3.06(a)(ii) or Section 3.06A(a)(ii) of
this Agreement, together with any related Advance Interest Amount in respect of such Property Advances, and the Master Servicer and the
Special Servicer, as applicable, hereby covenant and agree to use efforts consistent with the Servicing Standard to obtain the reimbursement
of such Property Advances from the related Mortgagors to the extent permitted by applicable law and the related Loan Documents.

(e)              
Notwithstanding anything to the contrary contained in this Agreement, if a Property Advance is required to be made under this Agreement
with respect to any Specially Serviced Loan or REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan),
the Special Servicer shall request that the Master Servicer make such Property Advance, such request to be made, in writing, at least
five (5) Business Days (or, in the case of an Emergency Advance, two (2) Business Days, provided that the written request
sets forth the nature of the emergency or the basis of the urgency) in advance of the date on which such Property Advance is required
to be made hereunder and to be accompanied by such information and documentation regarding the subject Property Advance as the Master
Servicer may reasonably request, subject to the Master Servicer’s right to determine that such Property Advance does not constitute
or would not constitute a Nonrecoverable Advance. The Master Servicer shall have the obligation to make any such Property Advance that
it is so requested by the Special Servicer to make, within five (5) Business Days (or, in the case of an Emergency Advance, two (2) Business
Days) of the Master Servicer’s receipt of such request. The Special Servicer shall have no obligation to make any Property Advance;
provided that the Special Servicer may in its sole discretion elect to make an Emergency Advance, and the Master

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Servicer shall reimburse the Special
Servicer for such Property Advance (with interest thereon), provided that such Advance is not determined by the Master Servicer, in accordance
with the Servicing Standard, to be nonrecoverable. The Master Servicer shall be entitled to reimbursement for any Advance made by it at
the direction of the Special Servicer, together with interest thereon at the same time, in the same manner and to the same extent as the
Master Servicer is entitled with respect to any other Advances made thereby.

(f)               
Within five (5) Business Days of making an Emergency Advance pursuant to the proviso to the penultimate sentence of Section 3.20(e),
the Special Servicer shall deliver to the Master Servicer a request for reimbursement for such Emergency Advance, along with all information
and documentation regarding the subject Emergency Advance as the Master Servicer may reasonably request, and the Master Servicer shall
be obligated, out of such Master Servicer’s own funds, to reimburse the Special Servicer for any such unreimbursed Emergency Advances
(other than any Emergency Advance determined by the Master Servicer, in accordance with Section 3.20(c) of this Agreement,
to be a Nonrecoverable Property Advance) made by the Special Servicer pursuant to the proviso to the penultimate sentence of Section 3.20(e),
together with interest thereon at the Advance Rate from the date made to, but not including, the date of reimbursement. Such reimbursement
and any accompanying payment of interest shall be made within five (5) Business Days of the written request therefor pursuant
to the preceding sentence by wire transfer of immediately available funds to an account designated in writing by the Special Servicer.
Upon the Master Servicer’s reimbursement to the Special Servicer of any Emergency Advance and payment to the Special Servicer of
interest thereon, all in accordance with this Section 3.20(f), the Master Servicer shall for all purposes of this Agreement
be deemed to have made such Emergency Advance at the same time as the Special Servicer actually made such Emergency Advance, and accordingly,
the Master Servicer shall be entitled to be reimbursed for such Emergency Advance, together with interest thereon at the Advance Rate,
at the same time, in the same manner and to the same extent as the Master Servicer would otherwise have been entitled if it had actually
made such Emergency Advance at the time the Special Servicer did. Notwithstanding the foregoing provisions of this Section 3.20(f),
the Master Servicer shall not be required to reimburse the Special Servicer for any Emergency Advance if the Master Servicer determines
in accordance with Section 3.20(c) of this Agreement that such Emergency Advance, although not characterized by the Special
Servicer as a Nonrecoverable Property Advance, is in fact a Nonrecoverable Property Advance. The Master Servicer shall notify the Special
Servicer in writing of such determination and, if applicable, such Nonrecoverable Property Advance shall be reimbursed to the Special
Servicer pursuant to Section 3.06(a) of this Agreement.

Section 3.21          
Appointment of Special Servicer; Asset Status Reports.

(a)              
Greystone Servicing Company LLC is hereby appointed as the initial Special Servicer to specially service each of the Mortgage Loans
and each Serviced Whole Loan (other than the Yorkshire & Lexington Towers Whole Loan and the Outside Serviced Mortgage Loans). Rialto
Capital Advisors, LLC is hereby appointed as the initial Special Servicer to specially service the Yorkshire & Lexington Towers Whole
Loan.

    	 	- 305 -	 

     

    

(b)              
 The Special Servicer, at the earlier of (x) within 60 days after a Servicing Transfer Event occurs and (y) prior
to taking action with respect to any Major Decision (or making a determination not to take action with respect to a Major Decision) with
respect to a Specially Serviced Loan, shall prepare a report (the “Asset Status Report”) for the related Mortgage Loan
or Serviced Whole Loan. Each Asset Status Report shall be delivered in electronic format to the Operating Advisor (subject to Section 3.21(e)
of this Agreement), any applicable Directing Holder, any applicable Consulting Parties and, for posting to the Rule 17g-5 Information
Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider; provided,
however, the Special Servicer shall not be required to deliver an Asset Status Report to the related Directing Holder if they are
the same entity. Prior to the occurrence and continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate
Companion Loan Securitization, a related Operating Advisor Consultation Trigger Event), the Special Servicer shall deliver to the Operating
Advisor each Final Asset Status Report promptly after such Final Asset Status Report has been approved or deemed approved. The Special
Servicer shall notify the Operating Advisor of whether any Asset Status Report delivered to the Operating Advisor is a Final Asset Status
Report, which notification may be satisfied by (i) delivery of an Asset Status Report that is either signed by the applicable Directing
Holder or that otherwise includes an indication that such Asset Status Report is deemed approved due to the passage of any required consent
or consultation time period or (ii) such other method as reasonably agreed to by the Operating Advisor and the Special Servicer. The Special
Servicer shall deliver a summary of each Final Asset Status Report to the Certificate Administrator. Such Asset Status Report shall be
consistent with the Servicing Standard and set forth the following information to the extent reasonably determinable:

(i)                 summary
of the status of the related Mortgage Loan or Serviced Whole Loan and any negotiations with the Mortgagors;

(ii)              
if a Servicing Transfer Event has occurred and is continuing:

(A)            
a discussion of the legal and environmental considerations reasonably known at such time to the Special Servicer, consistent with
the Servicing Standard, that are applicable to the exercise of remedies as aforesaid and to the enforcement of any related guaranties
or other collateral for the Mortgage Loan or Serviced Whole Loan and whether outside legal counsel has been retained;

(B)                the
most current rent roll and income or operating statement available for the related Mortgaged Properties;

(C)             
the Special Servicer’s recommendations on how the related Mortgage Loan might be returned to performing status or otherwise
realized upon;

(D)              
a copy of the last obtained Appraisal of the Mortgaged Property;

    	 	- 306 -	 

     

    

(E)                  the status of any foreclosure actions or other proceedings undertaken with respect thereto, any proposed workouts with respect
thereto and the status of any negotiations with respect to such workouts, and an assessment of the likelihood of additional defaults
under the related Mortgage Loan or Serviced Whole Loan;

(F)             
a description of any amendment, modification or waiver of a material term of any ground lease; and

(G)            
if the Special Servicer elects to proceed with a non-judicial foreclosure, then a statement as to (i) whether there was
a violation of a non-recourse carve-out under the related Mortgage Loan or Serviced Whole Loan and (ii) any determination
not to pursue a deficiency judgment against the related Mortgagor or guarantor;

(iii)             
a description of any such proposed or taken actions;

(iv)              the
alternative courses of action that were or are being considered by the Special Servicer in connection with the proposed or taken actions;

(v)                the
decision that the Special Servicer made, or intends or proposes to make, including a narrative analysis setting forth the Special Servicer’s
rationale for its proposed decision, including its rejection of the alternatives;

(vi)            
an analysis of whether or not taking such proposed action is reasonably likely to produce a greater recovery on a present value
basis than not taking such action, setting forth (x) the basis on which the Special Servicer made such determination and (y) the
net present value calculation (including the applicable Calculation Rate used) and all related assumptions; and

(vii)          
such other information as the Special Servicer deems relevant in light of the proposed or taken action and the Servicing Standard.

If any applicable Directing
Holder does not disapprove an Asset Status Report in writing within 10 Business Days of receiving such Asset Status Report, then such
Directing Holder shall be deemed to have approved such Asset Status Report and the Special Servicer shall implement the recommended action
as outlined in such Asset Status Report; provided, however, that the Special Servicer may not take any action that is contrary
to applicable law, the Servicing Standard or the terms of the applicable Loan Documents. If the applicable Directing Holder disapproves
such Asset Status Report within 10 Business Days of receipt and the Special Servicer has not made the affirmative determination contemplated
below, the Special Servicer shall revise such Asset Status Report and deliver to the Operating Advisor (subject to Section 3.21(e)
of this Agreement), any applicable Directing Holder, any applicable Consulting Party, any related Serviced Companion Loan Holder(s) (in
the case of a Serviced Whole Loan) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13
of this Agreement, the Rule 17g-5 Information Provider a new Asset Status Report as soon as practicable, but in no event later than 30 days
after such disapproval. The Special Servicer shall revise such Asset Status Report as described above until the applicable Directing Holder
shall fail to disapprove such

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revised Asset Status Report in writing within
10 Business Days of receiving such revised Asset Status Report or until the Special Servicer makes a determination, consistent with the
Servicing Standard, that such objection is not in the best interests of all the Certificateholders, the Uncertificated VRR Interest Owner
and, if applicable, the related Serviced Companion Loan Holder(s) (as a collective whole as if such Certificateholders, the Uncertificated
VRR Interest Owner and/or Serviced Companion Loan Holder(s), if applicable, constitute a single lender (and, in the case of a Serviced
AB Whole Loan, taking into account the subordinate nature of the related Subordinate Companion Loan(s))). The Special Servicer may, from
time to time, modify any Asset Status Report it has previously delivered and implement such report, provided such report shall
have been prepared, reviewed and not rejected pursuant to the terms of this Section 3.21(b). If the applicable Directing Holder
does not approve an Asset Status Report within 60 Business Days from the first submission thereof, the Special Servicer shall take such
action as directed by such Directing Holder, provided such action does not violate the Servicing Standard (or, if such action would
violate the Servicing Standard, the Special Servicer shall take such action as was reflected in the most recent Asset Status Report prepared
by the Special Servicer with respect to the subject Serviced Loan that is consistent with the Servicing Standard and such Asset Status
Report shall be deemed a Final Asset Status Report). Notwithstanding the foregoing, if the Special Servicer determines that emergency
action is necessary to protect the related Mortgaged Property or the interests of the Certificateholders, the Uncertificated VRR Interest
Owner and any related Serviced Companion Loan Holder(s), or if a failure to take any such action at such time would be inconsistent with
the Servicing Standard, the Special Servicer may take actions with respect to the related Mortgaged Property before the expiration of
a 10 Business Day period if the Special Servicer reasonably determines in accordance with the Servicing Standard that failure to take
such actions before the expiration of a 10 Business Day period would materially and adversely affect the interest of the Certificateholders,
the Uncertificated VRR Interest Owner and any related Serviced Companion Loan Holder(s) (if applicable) and the Special Servicer has made
a reasonable effort to contact the applicable Directing Holder (during the period that such Directing Holder has approval rights); provided
that the foregoing shall not relieve the Special Servicer of its duties to comply with the Servicing Standard. If the Special Servicer
acts or intends to act in accordance with either of the prior two sentences, then the Special Servicer shall act in accordance with the
most recent Asset Status Report provided by the Special Servicer with respect to the subject Serviced Loan that is consistent with the
Servicing Standard and such Asset Status Report shall be deemed a Final Asset Status Report. To the extent that the Special Servicer received
notice of an Excluded Controlling Class Mortgage Loan (in the form of Exhibit M-1C or M-1F), any Asset Status Report or
Excluded Information delivered with respect to an Excluded Controlling Class Mortgage Loan shall be labeled by the Special Servicer with
“Excluded Information” followed by the loan number and loan name.

The Special Servicer shall
consult on a non-binding basis with any applicable Consulting Party in connection with each Asset Status Report prior to finalizing and
executing such Asset Status Report and any applicable Consulting Party shall be permitted to propose alternative courses of action and
provide other feedback within 10 Business Days of receipt of each Asset Status Report. The Special Servicer shall consider any such
proposals and other feedback from any such applicable Consulting Party and determine whether any changes to its proposed Asset Status
Report should be made, such determination being made in accordance with the Servicing Standard and the other terms of this Agreement,
but the Special Servicer will be under no obligation to revise such Asset Status Report based on the input or comments of any

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applicable Consulting Party. In the event no
applicable Consulting Party proposes alternative courses of action within 10 Business Days after receipt of such Asset Status Report,
the Special Servicer shall (subject to the approval rights of any applicable Directing Holder) implement the Asset Status Report as proposed
by the Special Servicer.

The Special Servicer may
choose to revise the Asset Status Report as it deems reasonably necessary in accordance with the Servicing Standard to take into account
any input and/or recommendations of any applicable Consulting Party, but is under no obligation to follow any particular recommendation
of any applicable Consulting Party. From and after the Closing Date, the Controlling Class Representative shall have no right to receive
any Asset Status Report related to an Excluded Mortgage Loan or otherwise to consent or object thereto under this Section 3.21(b)
or consult with the Special Servicer with respect to any matter set forth therein. Notwithstanding anything herein to the contrary, a
Risk Retention Consultation Party shall have no right to receive any Asset Status Report with respect to any related Excluded RRCP Mortgage
Loan.

With respect to a Servicing
Shift Whole Loan that is a Serviced Outside Controlled Whole Loan, prior to the related Servicing Shift Date, no request for approval
of the Controlling Class Representative shall be made on any matter related to such Servicing Shift Whole Loan, nor shall the Controlling
Class Representative have the right to approve Asset Status Reports related to such Servicing Shift Whole Loan, except that the Controlling
Class Representative (prior to the occurrence and continuance of a Consultation Termination Event and only if the related Servicing Shift
Mortgage Loan is not an Excluded Mortgage Loan) may exercise the consultation rights, if any, of the holder of the related Servicing Shift
Mortgage Loan with respect to Asset Status Reports, Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan set forth
in the applicable Co-Lender Agreement. With respect to a Servicing Shift Whole Loan that is a Serviced Outside Controlled Whole Loan and
any related REO Property, prior to the related Servicing Shift Date, the Outside Controlling Note Holder with respect to such Servicing
Shift Whole Loan shall exercise all approval rights regarding any Asset Status Report in respect of such Servicing Shift Whole Loan or
REO Property set forth in the second paragraph of this Section 3.21(b) without regard to the occurrence of any Control Termination
Event or Consultation Termination Event. Notwithstanding the foregoing, after the occurrence and during the continuance of a Control Termination
Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization, a related Operating Advisor Consultation Trigger Event),
the Operating Advisor will be entitled to consult on a non-binding basis with the Special Servicer and propose alternative courses of
action and provide other feedback in respect of any Asset Status Report, Major Decisions and any proposed sale of such Servicing Shift
Mortgage Loan while it is serviced hereunder. The Special Servicer may choose to revise the Asset Status Report as it deems reasonably
necessary in accordance with the Servicing Standard to take into account any input and/or recommendations of the Operating Advisor after
the occurrence and during the continuance of a Control Termination Event or the Controlling Class Representative after the occurrence
and during the continuance of a Control Termination Event but prior to the occurrence of a Consultation Termination Event, but is under
no obligation to follow any particular recommendation of the Operating Advisor or Controlling Class Representative.

(c)              
Subject to Section 3.21(b) of this Agreement, during the continuance of a Servicing Transfer Event, the Special Servicer
shall have the authority to meet with the

    	 	- 309 -	 

     

    

related Mortgagors and take any actions
consistent with the Servicing Standard and the most recent Asset Status Report for the related Mortgage Loan.

(d)              
Upon request of any Certificateholder (or any Certificate Owner, if applicable, which shall have provided the Certificate Administrator
with an Investor Certification), the Certificate Administrator shall mail, without charge, to the address specified in such request a
copy of the summary of the Final Asset Status Report for each Specially Serviced Loan; provided that an Excluded Controlling Class Holder
shall not be provided with any Final Asset Status Report (or copy thereof) or the summary of any Final Asset Status Report (or copy thereof)
with respect to any Excluded Controlling Class Mortgage Loan with respect to which such Excluded Controlling Class Holder is
a Borrower Party.

(e)               
Prior to the occurrence and continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion
Loan Securitization, a related Operating Advisor Consultation Trigger Event), the Special Servicer shall deliver to the Operating Advisor
only each related Final Asset Status Report.

(f)               
With respect to any Asset Status Report provided to the Operating Advisor pursuant to this Section 3.21, the Special
Servicer shall make available to the Operating Advisor one or more Servicing Officers with relevant knowledge regarding the applicable
Trust Loan and such Asset Status Report in order to address reasonable questions that the Operating Advisor may have relating to, among
other things, such Asset Status Report and potential conflicts of interest and compensation with respect to such Asset Status Report.

(g)                 Notwithstanding
the foregoing, the Special Servicer shall not follow any advice, direction or consultation provided by a Directing Holder or Consulting
Party that would require or cause the Special Servicer to violate any applicable law, be inconsistent with the Servicing Standard, require
or cause the Special Servicer to violate provisions of this Agreement or the REMIC Provisions, require or cause the Special Servicer
to violate the terms of any Mortgage Loan or Serviced Whole Loan, any related Loan Documents, any related Co-Lender Agreement or any
intercreditor agreement, expose any Certificateholder, the Uncertificated VRR Interest Owner, the Trust Fund, any Mortgage Loan Seller
(other than with respect to enforcing the rights and remedies against such Mortgage Loan Seller pursuant to this Agreement or the related
Mortgage Loan Purchase Agreement with respect to any Material Defect) or any party to this Agreement or their respective Affiliates,
officers, directors, employees or agents to any claim, suit or liability, cause any Trust REMIC to fail to qualify as a REMIC or the
Grantor Trust to fail to qualify as a grantor trust for federal income tax purposes, result in the imposition of a “prohibited
transaction” or “prohibited contribution” tax under the REMIC Provisions, materially expand the scope of any Special
Servicer’s responsibilities under this Agreement or any Co-Lender Agreement, or cause the Special Servicer to act, or fail to act,
in a manner that in the reasonable judgment of the Special Servicer is not in the best interests of the Certificateholders, the Uncertificated
VRR Interest Owner and/or the Serviced Companion Loan Holders. In addition, the Special Servicer is under no obligation to act upon any
recommendation of the Operating Advisor.

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(h)              
 In order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including those relating to the funding of terrorist activities and money laundering (for the purposes of this clause (l), “Applicable
Laws”), the Special Servicer may be required to obtain, verify and record certain information relating to individuals and entities
which maintain a business relationship with the Special Servicer. Accordingly, each of the parties hereto agrees to provide to the Special
Servicer, upon its reasonable request, from time to time such identifying information and documentation as may be readily available to
such party in order to enable the Special Servicer to comply with Applicable Laws; provided that the Special Servicer shall be responsible
for all reasonable actual out-of-pocket expenses incurred by such party in connection therewith.

Section 3.22          
Transfer of Servicing Between Master Servicer and Special Servicer; Record Keeping.

(a)              
Upon determining that any Serviced Loan has become a Specially Serviced Loan, the Master Servicer shall promptly give written notice
thereof to the Special Servicer, any related Serviced Companion Loan Holder (in the case of a Serviced Whole Loan), the Operating Advisor,
the Certificate Administrator, the Trustee, any applicable Directing Holder, any applicable Consulting Party and, for posting to the Rule 17g-5
Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider
and shall promptly deliver a copy of the Servicing File to the Special Servicer and concurrently provide a copy of such Servicing File
to the Operating Advisor and shall use its reasonable efforts to provide the Special Servicer with all information, documents (but excluding
the original documents constituting the Mortgage File, but including copies thereof) and records (including records stored electronically
on computer tapes, magnetic discs and the like) relating to such Serviced Loan and reasonably requested by the Special Servicer to enable
it to assume its duties hereunder with respect thereto without acting through a Sub-Servicer. The Master Servicer shall use its reasonable
efforts to comply with the preceding sentence within five (5) Business Days of the date such Serviced Loan became a Specially
Serviced Loan and in any event shall continue to act as Master Servicer and administrator of such Serviced Loan until the Special Servicer
has commenced the servicing of such Serviced Loan, which shall occur upon the receipt by the Special Servicer of the Servicing File. With
respect to each such Serviced Loan that becomes a Specially Serviced Loan, the Master Servicer shall instruct the related Mortgagor to
continue to remit all payments in respect of such Serviced Loan to the Master Servicer. The Master Servicer shall forward any notices
it would otherwise send to the Mortgagor of such a Specially Serviced Loan to the Special Servicer who shall send such notice to the related
Mortgagor.

Upon determining that a Specially
Serviced Loan has become a Corrected Loan, the Special Servicer shall promptly give written notice thereof to the Master Servicer, the
Trustee, the Operating Advisor, the Certificate Administrator, any related Serviced Companion Loan Holder, the related Directing Holder
(prior to the occurrence and continuance of a Consultation Termination Event with respect to the related Mortgage Loan) and, for posting
to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5
Information Provider and, upon giving such notice and the return of the Servicing File to the

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Master Servicer, such Serviced Loan shall cease
to be a Specially Serviced Loan in accordance with the first proviso of the definition of Specially Serviced Loans, the Special Servicer’s
obligation to service such Serviced Loan shall terminate and the obligations of the Master Servicer to service and administer such Serviced
Loan as a Serviced Loan that is not a Specially Serviced Loan shall resume. In addition, if the related Mortgagor has been instructed,
pursuant to the preceding paragraph, to make payments to the Special Servicer, upon such determination, the Special Servicer shall instruct
the related Mortgagor to remit all payments in respect of such Specially Serviced Loan directly to the Master Servicer.

(b)                 In
servicing any Specially Serviced Loan, the Special Servicer shall provide to the Custodian originals of documents included within the
definition of “Mortgage File” for inclusion in the related Mortgage File (to the extent such documents are in the possession
of the Special Servicer) and copies of any additional related Serviced Loan information, including written or electronic correspondence
with the related Mortgagor, and the Special Servicer shall promptly provide copies of all of the foregoing to the Master Servicer as
well as copies of any analysis or internal review prepared by or for the benefit of the Special Servicer.

(c)               
Notwithstanding the provisions of subsections (a) and (b) of this Section 3.22, the Master Servicer shall
maintain ongoing payment records with respect to each of the Specially Serviced Loans and, upon request, shall provide the Special Servicer
and the Operating Advisor with any information reasonably required by the Special Servicer or the Operating Advisor to perform its duties
under this Agreement to the extent such information is within the Master Servicer’s possession. Upon request, the Special Servicer
shall provide the Master Servicer and the Operating Advisor with any information reasonably required by the Master Servicer or the Operating
Advisor to perform its duties under this Agreement to the extent such information is within the Special Servicer’s possession.

Section 3.23             Interest
Reserve Account. The Certificate Administrator shall establish and maintain the Interest Reserve Account in the Certificate Administrator’s
name, on behalf of the Trustee, for the benefit of the Certificateholders. The Interest Reserve Account shall be established and maintained
as a non-interest bearing Eligible Account. On each Master Servicer Remittance Date occurring in January (except during a leap year)
or February (commencing in 2023) (unless, in either such case, the related Distribution Date is the final Distribution Date), the Master
Servicer shall remit to the Certificate Administrator for deposit into the Interest Reserve Account, in respect of all the Trust Loans
that accrue interest on the basis of a 360-day year and the actual number of days in the related month, an amount equal to
one day’s interest at the related Net Mortgage Rate on the Stated Principal Balance of each such Trust Loan as of the close of
business on the Distribution Date in the month preceding the month in which such Master Servicer Remittance Date occurs, to the extent
a Monthly Payment or P&I Advance is made in respect thereof (all amounts so deposited in any consecutive January (if applicable)
and February, “Withheld Amounts”). On or prior to the Master Servicer Remittance Date in March (or February if the
final Distribution Date occurs in such month) of each calendar year (commencing in 2023), the Certificate Administrator shall transfer
(1) to the Lower-Tier REMIC Distribution Account the aggregate of all Withheld Amounts with respect to the Mortgage Loans on deposit
in the Interest Reserve Account and (2) to the Trust Subordinate Companion Loan REMIC Distribution Account

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the aggregate of all Withheld Amounts with
respect to the Trust Subordinate Companion Loan on deposit in the Interest Reserve Account.

 

Section 3.24          
Modifications, Waivers, Amendments and Other Actions.

(a)              
(i) With respect to any Performing Serviced Loan, the Master Servicer (if the related modification, waiver or amendment (A) does
not constitute a Special Servicer Decision or Major Decision or (B) constitutes a Special Servicer Decision or Major Decision and
the Master Servicer is processing such modification, waiver or amendment subject to the consent of the Special Servicer as provided in
the immediately succeeding paragraph), or (ii) with respect to any Specially Serviced Loan or (if the related modification, waiver
or amendment constitutes a Special Servicer Decision or Major Decision unless the Master Servicer is processing such modification, waiver
or amendment as provided in the immediately succeeding paragraph) any Performing Serviced Loan, the Special Servicer, in each case subject
to any consent rights of any applicable Directing Holder and/or the consultation rights of any applicable Consulting Party (to the extent
any such Directing Holder or Consulting Party has consent or consultation rights, as applicable, pursuant to Section 3.29, Section
6.09 or this Section 3.24, as applicable) and, to the extent required in accordance with the related Co-Lender Agreement,
any applicable consultation rights of any related Serviced Companion Loan Holder (or its Companion Loan Holder Representative), may modify,
waive or amend any term of any Serviced Loan if such modification, waiver or amendment (A) is consistent with the Servicing Standard
and (B) would not constitute a “significant modification” of such Serviced Loan pursuant to Treasury Regulations Section 1.860G-2(b)
and would not otherwise (1) cause any Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as
a grantor trust under subpart E, part I of subchapter J of the Code for federal income tax purposes or (2) result
in the imposition of a tax upon any Trust REMIC or the Trust Fund (including but not limited to the tax on “prohibited transactions”
as defined in Code Section 860F(a)(2) and the tax on contributions to a REMIC set forth in Code Section 860G(d), but not including
the tax on “net income from foreclosure property” under Code Section 860G(c)). The Master Servicer and the Special Servicer
may rely on an Opinion of Counsel with respect to the determination described in clause (B) of the immediately preceding sentence.

In addition, with respect
to Performing Serviced Loans, to the extent any modification, waiver, amendment or other action constitutes (i) a Major Decision or (ii)
a Special Servicer Decision, the Master Servicer (if (1) the Master Servicer and the Special Servicer have mutually agreed that the Master
Servicer shall process such modification, waiver, amendment or other action, or (2) such modification, waiver, amendment or other action
constitutes a Major Decision described in subclause (i) or (ii) of clause (r) of the definition of “Major Decision”, or (3)
such modification, waiver, amendment or other action constitutes a Special Servicer Decision described in clause (b), clause (c)
or subclause (i) or (ii) of clause (e) of the definition of “Special Servicer Decision”) shall obtain the consent
of the Special Servicer, and, in each case, to the extent any modification, waiver, amendment or other action constitutes a Major Decision,
the Special Servicer shall obtain the consent of any applicable Directing Holder in accordance with Section 6.09(a) of this
Agreement, and shall consult with any applicable Consulting Parties (to the extent required pursuant to any related Co-Lender Agreement
or pursuant to Section 3.21, Section

    	 	- 313 -	 

     

    

3.29, Section 6.09 or this Section
3.24, as applicable). With respect to any modification, waiver, amendment, consent or other action that constitutes a Major Decision
with regard to any Serviced Loan, the Special Servicer shall also obtain the consent of any applicable Directing Holder in accordance
with Section 6.09(a) of this Agreement and shall consult with any applicable Consulting Parties (to the extent required
pursuant to any related Co-Lender Agreement or pursuant to Section 3.21, Section 3.29, Section 6.09 or this Section
3.24).

No modification, waiver or
amendment of any Co-Lender Agreement related to a Serviced Loan, or any action to enforce rights with respect thereto, in each case,
in a manner that materially and adversely affects the rights, duties and obligations of the Special Servicer or the Master Servicer, as
applicable, shall be permitted without the prior written consent of the Special Servicer or the Master Servicer, as applicable.

The Special Servicer shall
process any modification, waiver, amendment or other action that constitutes a Major Decision or Special Servicer Decision with respect
to: (a) any Specially Serviced Loan; and (b) any Performing Serviced Loan unless the Special Servicer and the Master Servicer have mutually
agreed that the Master Servicer shall process such Major Decision or Special Servicer Decision with respect to such Performing Serviced
Loan (provided that, the Master Servicer shall, without the need for any such mutual agreement, process (1) any Major Decision described
in subclause (i) or (ii) of clause (r) of the definition of “Major Decision” and (2) any Special Servicer Decision described
in clause (b), clause (c) or subclause (i) or (ii) of clause (e) of the definition of “Special Servicer Decision”)
subject, in each case, to the consent of the Special Servicer as set forth below.

With respect to Performing
Serviced Loans, the Master Servicer, prior to taking (or making a determination not to take) any action with respect to any modification,
waiver, amendment, consent or other action that constitutes a Major Decision or a Special Servicer Decision, shall refer the request to
the Special Servicer, and the Special Servicer shall process the request directly or, if mutually agreed to by the Special Servicer and
the Master Servicer, the Master Servicer shall process such request (provided that, the Master Servicer shall, without the need for any
such mutual agreement, process (1) any Major Decision described in subclause (i) or (ii) of clause (r) of the definition of “Major
Decision” with respect to any Performing Serviced Loan and (2) any Special Servicer Decision described in clause (b), clause (c)
or subclause (i) or (ii) of clause (e) of the definition of “Special Servicer Decision” with respect to any Performing
Serviced Loan) subject to the consent of the Special Servicer as set forth below.

When the Special Servicer’s
consent is required with respect to any modification, waiver, amendment, consent or other action that is a Major Decision or a Special
Servicer Decision with respect to a Performing Serviced Loan (i.e., when (1) the Master Servicer and Special Servicer have mutually agreed
that the Master Servicer shall process such modification, waiver or amendment with respect to a Performing Serviced Loan, or (2) the Master
Servicer is processing any Major Decision described in subclause (i) or (ii) of clause (r) of the definition of “Major Decision”
with respect to any Performing Serviced Loan, or (3) the Master Servicer is processing any Special Servicer Decision described in clause (b),
clause (c) or subclause (i) or (ii) of clause (e) of the definition of “Special Servicer Decision” with respect
to any Performing Serviced Loan, in each case, as set forth in the preceding paragraphs), the Master Servicer shall, in a manner consistent
with the Servicing Standard, provide the Special Servicer with written notice of any

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request for such modification, waiver, amendment,
consent or other action, accompanied by the Master Servicer’s written recommendation and analysis and any and all information in
the Master Servicer’s possession or reasonably available to it that the Special Servicer or, with respect to a Major Decision, the
related Directing Holder may reasonably request in order to withhold or grant its consent, and in all cases the Special Servicer shall
be entitled (subject to, with respect to Major Decision, in each case if applicable, the consultation rights of any applicable Consulting
Parties (to the extent required pursuant to any related Co-Lender Agreement or pursuant to Section 3.21, Section 3.29, Section
6.09 or this Section 3.24), the consent rights of the applicable Directing Holder (to the extent required pursuant to any related
Co-Lender Agreement or pursuant to Section 6.09 or this Section 3.24) and/or the consultation rights of any related Serviced
Companion Loan Holder or its Companion Loan Holder Representative) to approve or disapprove such modification, waiver, amendment, consent
or other action. The Special Servicer shall have 15 Business Days (or, with respect to a Serviced Whole Loan, such longer period as required
by the related Co-Lender Agreement, but in no event less than 5 Business Days after the time period set forth in such Co-Lender
Agreement for review by any related Serviced Companion Loan Holder or its Companion Loan Holder Representative) (or 60 days with
respect to an Acceptable Insurance Default), from the date that the Special Servicer receives the Master Servicer’s written analysis
and recommendation and any supporting information it requested from the Master Servicer, to analyze and approve such modification, waiver,
amendment, consent or other action and, prior to the end of such 15 Business Day period or such longer period if required by the applicable
Co-Lender Agreement or 60-day period (with respect to an Acceptable Insurance Default), as applicable, the Special Servicer shall
notify any applicable Directing Holder of such request for approval of each such modification, waiver, amendment, consent or other action
that constitutes a Major Decision and provide its written analysis and recommendation (or, in the case of any action that constitutes
a Major Decision, the Major Decision Reporting Package) with respect thereto. Following such notice, the applicable Directing Holder shall
have 10 Business Days (or, in the case of a determination of an Acceptable Insurance Default, 20 days) from the date it receives
from the Special Servicer the recommendation and analysis of the Master Servicer or the Special Servicer (or, in the case of any action
that constitutes a Major Decision, the related Major Decision Reporting Package), as applicable, and any other information it may reasonably
request (or, with respect to a Serviced Whole Loan, such longer time period as may be provided in the related Co-Lender Agreement)
to approve any recommendation of the Special Servicer or the Master Servicer relating to any such request for approval of modification,
waiver, amendment, consent or other action that constitutes a Major Decision. In any such event, if the applicable Directing Holder does
not respond to a request for approval by 5:00 p.m. on the 10th Business Day (or, with respect to a Serviced Whole Loan, such longer
time period as may be provided in the related Co-Lender Agreement) or 20th day, as applicable, after receipt of the applicable recommendation
and analysis (or, in the case of any action that constitutes a Major Decision, the related Major Decision Reporting Package) and other
requested information as set forth in the preceding sentence, the Special Servicer or the Master Servicer, as applicable, may deem its
recommendation approved by the applicable Directing Holder, and if the Special Servicer does not respond to a request for approval within
the required 15 Business Days (or, with respect to a Serviced Whole Loan, such longer period as required by the related Co-Lender
Agreement, but in no event less than 5 Business Days after the time period set forth in such Co-Lender Agreement for review by any
related Serviced Companion Loan Holder or its Companion Loan Holder Representative) or 60 days (with

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respect to an Acceptable Insurance Default),
as applicable, the Master Servicer may deem its recommendation approved by the Special Servicer.

With respect to any Performing
Serviced Loan, the Master Servicer, without the consent or consultation of the Special Servicer, any applicable Consulting Parties and/or
any applicable Directing Holder, shall process and determine whether to consent to or approve any request by the related Mortgagor with
respect to any action that is not (1) a Major Decision, (2) a Special Servicer Decision or (3) an action with respect to which the
Special Servicer’s consent is required pursuant to Section 3.09 of this Agreement.

(b)                All
modifications, waivers or amendments of any Serviced Loan shall be in writing and shall be effected in a manner consistent with the Servicing
Standard. The Master Servicer or the Special Servicer, as applicable (in each case, if it is the party processing the related modification,
waiver or amendment pursuant to Section 3.24(a)), shall notify in writing the other such party, the Trustee, the Certificate
Administrator, the Depositor, any related Serviced Companion Loan Holder, any applicable Directing Holder, any applicable Consulting
Parties and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of
this Agreement, the Rule 17g-5 Information Provider, in writing, of any modification, waiver or amendment of any term of any
Serviced Loan and the date thereof, and shall deliver a copy to the Trustee, any related Serviced Companion Loan Holder (which, in the
case of a Serviced Companion Loan that has been included in an Other Securitization Trust, shall be deemed to be the related master servicer
under the related Other Pooling and Servicing Agreement, unless the notifying party has received written notice otherwise), any applicable
Directing Holder and any applicable Consulting Parties, and the original to the Certificate Administrator (or any Custodian appointed
by it) of the recorded agreement relating to such modification, waiver or amendment within 15 Business Days following the execution and
recordation thereof. For the avoidance of doubt, the requirement with respect to the delivery of assumption or substitution agreements
shall be governed by Section 3.09.

(c)              
Subject to Section 3.30 of this Agreement, any modification of any Loan Documents that requires obtaining a Rating
Agency Confirmation pursuant to such Loan Documents, or any modification that would eliminate, modify or alter the requirement of obtaining
a Rating Agency Confirmation in such Loan Documents, shall not be made without obtaining a Rating Agency Confirmation. The Rating Agency
Confirmation shall be obtained at the related Mortgagor’s expense in accordance with the related Loan Agreement or, if not so provided
in such Loan Agreement or if such Mortgagor does not pay, at the expense of the Trust Fund.

(d)              
Promptly after any Mortgage Loan, Trust Subordinate Companion Loan or Serviced Whole Loan becomes a Specially Serviced Loan, the
Special Servicer shall request from the Certificate Administrator the name of the current Controlling Class Representative (or, in
the case of any Trust Subordinate Companion Whole Loan, so long as no related Control Appraisal Period exists with respect to such Whole
Loan, the current related Loan-Specific Controlling Class Representative, as applicable) and, if applicable, shall request from the Master
Servicer the name of the current related Serviced Companion Loan Holder(s). Upon receipt of the name of such current Controlling

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Class Representative (or, if applicable,
such current Loan-Specific Controlling Class Representative) from the Certificate Administrator, the Special Servicer shall notify the
Controlling Class Representative (or, if applicable, such current Loan-Specific Controlling Class Representative) that such Trust
Loan became a Specially Serviced Loan. Upon receipt of the name of such current related Serviced Companion Loan Holder(s) from the Master
Servicer, the Special Servicer shall notify the related Serviced Companion Loan Holder(s) that the related Serviced Whole Loan became
a Specially Serviced Loan. The Certificate Administrator shall be responsible for providing the name of the current Controlling Class Representative
or a current Loan-Specific Controlling Class Representative only to the extent the Controlling Class Representative or such Loan-Specific
Controlling Class Representative, as applicable, has identified itself as such to the Certificate Administrator; provided that
(i) if the Controlling Class Representative is determined pursuant to the proviso in the definition of “Controlling Class Representative”,
then (A) the Certificate Administrator shall determine which Class is the Controlling Class and (B) the Special Servicer
shall request from the Certificate Administrator, and the Certificate Administrator shall request from the Depository at the expense of
the Trust, the list of Beneficial Holders of the Controlling Class, and the Certificate Administrator shall provide such list to the Special
Servicer and the Master Servicer at the expense of the Trust Fund; and (ii) if the Loan-Specific Controlling Class Representative
is determined pursuant to the proviso in the definition of “Loan-Specific Controlling Class Representative”, then the
Special Servicer shall request from the Certificate Administrator, and the Certificate Administrator shall request from the Depository
at the expense of the Trust, the list of Beneficial Holders of the Loan-Specific Controlling Class, and the Certificate Administrator
shall provide such list to the Special Servicer and the Master Servicer at the expense of the Trust Fund.

(e)              
Neither the Master Servicer nor the Special Servicer shall enter into, or structure (including, without limitation, by way of the
application of credits, discounts, forgiveness or otherwise), any modification, waiver, amendment, work-out, consent or approval with
respect to any Serviced Loan or Serviced Whole Loan in a manner that would have the effect of placing amounts payable as compensation,
or otherwise directly or indirectly reimbursable, to the Master Servicer or the Special Servicer in a higher priority than that which
is set forth in Sections 1.02(d), 1.02(e), 1.02(g) and/or 1.02(h) hereof or in the related Co-Lender Agreement.

(f)                   The
Special Servicer or Master Servicer may, as a condition to granting any request by a Mortgagor for consent to a modification, extension,
waiver or indulgence or any other matter or thing, the granting of which is within its discretion pursuant to the terms of the instruments
evidencing or securing the related Mortgage Loan or Serviced Whole Loan and, further, pursuant to the terms of this Agreement and applicable
law, require that such Mortgagor pay to it a reasonable or customary fee for the additional services performed in connection with such
request and any related costs and expenses incurred by it; provided that the charging of such fee would not be a “significant
modification” of the Mortgage Loan within the meaning of Treasury Regulations Section 1.860G-2(b).

(g)                 Notwithstanding
anything set forth in this Agreement, in no event shall the Special Servicer be permitted to:

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(i)                 extend the Maturity Date of a Serviced Loan (other than any Trust Subordinate Companion Loan) beyond a date that is 5 years prior
to the Rated Final Distribution Date of the rated Regular Certificates (or extend the maturity of a Trust Subordinate Companion Loan
beyond a date that is 7 years prior to the Rated Final Distribution Date of any related rated Loan-Specific Certificates); or

(ii)             
if the Serviced Loan is secured by a ground lease, extend the Maturity Date of such Serviced Loan beyond a date which is 20 years
or, to the extent consistent with the Servicing Standard, giving due consideration to the remaining term of the ground lease, 10 years
prior to the end of the current term of such ground lease, plus any options to extend exercisable unilaterally by the related Mortgagor.

(h)              
In connection with (i) the release of a Mortgaged Property or any portion of a Mortgaged Property from the lien of the related
Mortgage or (ii) the taking of a Mortgaged Property or any portion of a Mortgaged Property by exercise of the power of eminent domain
or condemnation, if the related Loan Documents require the Master Servicer or the Special Servicer, as applicable, to calculate (or require
the Mortgagor to provide such calculation to the Master Servicer or the Special Servicer, as applicable) the loan-to-value ratio
of the remaining Mortgaged Property or Mortgaged Properties or the fair market value of the real property constituting the remaining Mortgaged
Property or Mortgaged Properties, for purposes of REMIC qualification of the related Serviced Trust Loan, then, unless then permitted
by the REMIC Provisions, such calculation shall exclude the value of personal property and going concern value, if any. In connection
with approving any such release or taking, the Master Servicer or Special Servicer, as applicable, shall calculate the loan-to-value
ratio in a manner consistent with the prior sentence, and if such calculation is greater than 125%, the Master Servicer or Special Servicer,
as applicable, will require a payment of principal in an amount equal to or greater than a “qualified amount” as determined
under Revenue Procedure 2010-30 or successor provisions unless the related Mortgagor provides an Opinion of Counsel that if such amount
is not paid the related Trust Loan will not fail to be a Qualified Mortgage.

(i)                
If and to the extent that the Trust, as holder of an Outside Serviced Mortgage Loan, is entitled to exercise any consent and/or
consultation rights with respect to modifications, waivers and amendments or certain other major decisions under the applicable Outside
Servicing Agreement, (a) any such consent rights shall be exercised by the Controlling Class Representative (unless a Control Termination
Event exists or the Controlling Class Representative is not permitted to consent under the related Co-Lender Agreement) or by the
Special Servicer (if a Control Termination Event exists or the Controlling Class Representative is not permitted to consent under
the related Co-Lender Agreement), in each case in accordance with Section 3.01(i), and (b) any such consultation rights
shall be exercised by the Controlling Class Representative (unless a Consultation Termination Event exists or the Controlling Class Representative
is not permitted to consult under the related Co-Lender Agreement) or by the Special Servicer (if a Consultation Termination Event exists
or the Controlling Class Representative is not permitted to consult under the related Co-Lender Agreement), in each case in accordance
with Section 3.01(i). The Master Servicer shall only be obligated to forward any requests received from the related Outside
Servicer or the related Outside Special Servicer, as

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applicable, for such consent and/or consultation
to the Special Servicer (who shall forward any such request to the Controlling Class Representative except if a Control Termination
Event or Consultation Termination Event, as applicable, has occurred and is continuing or if the Controlling Class Representative is not
permitted to consent or consult, as applicable, under the related Co-Lender Agreement and, following the occurrence and during the continuance
of a Control Termination Event, to the Operating Advisor), and the Master Servicer shall have no right or obligation to exercise any such
consent or consultation rights.

Section 3.25          
Additional Obligations With Respect to Certain Mortgage Loans.

(a)                 With
respect to each Mortgage Loan (other than an Outside Serviced Mortgage Loan) with a Stated Principal Balance in excess of $35,000,000,
in connection with any replacement of the Manager for the related Mortgaged Property, the Master Servicer or Special Servicer, as applicable,
to the extent permitted by the related Loan Documents, shall require a Rating Agency Confirmation and shall condition its consent to
such replacement on the Mortgagor paying for such Rating Agency Confirmation.

(b)                With
respect to any Mortgage Loan (other than an Outside Serviced Mortgage Loan), if any mezzanine loan is directly or indirectly secured
by any equity interest of the related Mortgagor, the Master Servicer (if (i) the related Mortgage Loan is a Performing Serviced Loan
and (ii) the performance of the particular obligation would not constitute a Special Servicer Decision or a Major Decision) or the Special
Servicer (if (i) the related Mortgage Loan is a Specially Serviced Loan or (ii) the performance of the particular obligation would
constitute a Special Servicer Decision or a Major Decision) shall perform the obligations of the Trust, as holder of the related Mortgage
Loan, or its servicer or agent under the related mezzanine loan intercreditor agreement.

Section 3.26          
Certain Matters Relating to the Outside Serviced Mortgage Loans.

(a)              
With respect to each Outside Serviced Mortgage Loan, in the event that any of the related Outside Trustee, the related Outside
Servicer or the related Outside Special Servicer shall be replaced in accordance with the terms of the applicable Outside Servicing Agreement,
the Master Servicer and the Special Servicer shall acknowledge its successor as the successor to the related Outside Trustee, the related
Outside Servicer or the related Outside Special Servicer, as the case may be, in each case with reasonable promptness following request
therefor by a party to the applicable Outside Servicing Agreement. In addition to the foregoing, with respect to each Servicing Shift
Whole Loan, after the related Servicing Shift Date the related Mortgage Loan shall be an Outside Serviced Mortgage Loan, and the rights,
duties and obligations of the Trust and the parties to this Agreement shall be as set forth herein with respect to Outside Serviced Mortgage
Loans.

(b)                With
respect to each Servicing Shift Whole Loan, prior to the related Servicing Shift Date, the Custodian shall hold the Mortgage File with
respect to such Servicing Shift Whole Loan. Following the related Servicing Shift Date and upon the transfer of servicing of the related
Servicing Shift Mortgage Loan to the related Outside Servicing Agreement in accordance with the related Co-Lender Agreement, (i)
the

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Certificate Administrator shall transfer
(or cause any Custodian appointed by it to transfer) the Mortgage File (other than the Note(s) evidencing the related Servicing Shift
Mortgage Loan and corresponding allonges, the originals of which shall be retained by the Custodian) for such Servicing Shift Whole Loan
to the related Outside Trustee (provided that the Custodian shall retain a photocopy of the Mortgage File) in accordance with the provisions
and conditions set forth in clause (B) of the second paragraph of Section 2.01(c) and (ii) the Master Servicer shall,
upon written request, if the Master Servicer is not the related Outside Servicer, transfer the Servicing File, any original letter of
credit and any escrows or reserve funds held for such Servicing Shift Whole Loan to the related Outside Servicer.

Section 3.27          
Additional Matters Regarding Advance Reimbursement.

(a)              
Upon the determination that a previously made Advance (other than a P&I Advance on the Trust Subordinate Companion Loan) is
a Nonrecoverable Advance, to the extent that the reimbursement thereof would exceed the full amount of the principal portion of general
collections on the Mortgage Loans deposited in the Collection Account, the Master Servicer, the Special Servicer or the Trustee, at its
own option and in its sole discretion, as applicable, instead of obtaining reimbursement for the remaining amount of such Nonrecoverable
Advance pursuant to Section 3.06(a)(ii)(B) of this Agreement immediately, may elect to defer reimbursement for some or all
such portion of the Nonrecoverable Advance during the one-month Collection Period ending on the then-current Determination Date,
for successive one-month periods for a total not to exceed 12 months; provided that any deferral in excess of 6 months
shall be subject to the consent of the applicable Directing Holder; and provided further that, if it is an applicable Consulting Party,
the Controlling Class Representative must be consulted with. If the Master Servicer, the Special Servicer or the Trustee makes such
an election in its sole discretion to defer reimbursement with respect to all or a portion of a Nonrecoverable Advance (together with
interest thereon), then such Nonrecoverable Advance (together with interest thereon) or portion thereof shall continue to be fully reimbursable
in the subsequent Collection Period (subject, again, to the same sole discretion option to defer; it is acknowledged that, in such a subsequent
period, such Nonrecoverable Advance shall again be reimbursable pursuant to Section 3.06(a)(ii)(B) of this Agreement). In
connection with a potential election by the Master Servicer, the Special Servicer or the Trustee to defer reimbursement of a particular
Nonrecoverable Advance or portion thereof during the one-month Collection Period ending on the related Determination Date for any
Distribution Date, the Master Servicer, the Special Servicer or the Trustee shall further be authorized to wait for principal collections
to be received before making its determination of whether to defer reimbursement of a particular Nonrecoverable Advance or portion thereof) until
the end of such Collection Period; provided, however, if, at any time the Master Servicer, the Special Servicer or the Trustee,
as applicable, determines that the reimbursement of a Nonrecoverable Advance during any Collection Period will exceed the full amount
of the principal portion of general collections deposited in the Collection Account for the related Distribution Date, then the Master
Servicer, the Special Servicer or the Trustee, as applicable, shall, through a posting to the Rule 17g-5 Information Provider’s
Website pursuant to Section 12.13 of this Agreement, give the Rating Agencies at least 15 days’ notice prior to
any reimbursement to it of Nonrecoverable Advances from amounts in the Collection Account allocable to interest on the Mortgage Loans
unless (1) the Master

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Servicer, the Special Servicer or the
Trustee, as applicable, determines in its sole discretion that waiting 15 days after such a notice could jeopardize the Master Servicer’s,
the Special Servicer’s or the Trustee’s, as applicable, ability to recover such Nonrecoverable Advances, (2) changed
circumstances or new or different information becomes known to the Master Servicer, the Special Servicer or the Trustee, as applicable,
that could affect or cause a determination of whether any Advance is a Nonrecoverable Advance, whether to defer reimbursement of a Nonrecoverable
Advance or the determination in clause (1) above, or (3) the Master Servicer or the Special Servicer, as applicable, has not timely
received from the Trustee information requested by the Master Servicer or the Special Servicer, as applicable, to consider in determining
whether to defer reimbursement of a Nonrecoverable Advance; provided that, if clause (1), (2) or (3) apply, the Master Servicer,
the Special Servicer or the Trustee, as applicable, shall, through a posting to the Rule 17g-5 Information Provider’s Website
pursuant to Section 12.13 of this Agreement, give Rating Agencies notice of an anticipated reimbursement to it of Nonrecoverable
Advances from amounts in the Collection Account allocable to interest on the Mortgage Loans as soon as reasonably practicable in such
circumstances. Subject to Section 12.13 of this Agreement, the Master Servicer, the Special Servicer or the Trustee, as applicable,
shall have no liability for any loss, liability or expense resulting from any notice provided to Rating Agencies contemplated by the immediately
preceding sentence. Any election by the Master Servicer, the Special Servicer or the Trustee to defer reimbursing itself for any Nonrecoverable
Advance (together with interest thereon) or portion thereof with respect to any Collection Period shall not be construed to impose on
the other such parties any obligation to make such an election (or any entitlement in favor of any Certificateholder, the Uncertificated
VRR Interest Owner or any other Person to such an election) with respect to any subsequent Collection Period or to constitute a waiver
or limitation on the right of the Master Servicer, the Special Servicer or the Trustee to otherwise be reimbursed for such Nonrecoverable
Advance immediately (together with interest thereon). Any such election by the Master Servicer, the Special Servicer or the Trustee shall
not be construed to impose any duty on any other such party to make such an election (or any entitlement in favor of any Certificateholder,
the Uncertificated VRR Interest Owner or any other Person to such an election). Any such election by any such party to defer reimbursing
itself or obtaining reimbursement for any Nonrecoverable Advance or portion thereof with respect to any one or more Collection Periods
shall not limit the accrual of interest on such Nonrecoverable Advance for the period prior to the actual reimbursement of such Nonrecoverable
Advance. None of the Master Servicer, the Special Servicer, the Trustee or the other parties to this Agreement will have any liability
to one another or to any of the Certificateholders or the Uncertificated VRR Interest Owner for any such election that such party makes
to defer or not to defer reimbursing itself as contemplated by this paragraph or for any losses, damages or other adverse economic or
other effects that may arise from such an election nor will such election constitute a violation of the Servicing Standard or any duty
under this Agreement. The Master Servicer’s, the Special Servicer’s or the Trustee’s, as applicable, election, if any,
to defer reimbursement of such Nonrecoverable Advances as set forth above is an accommodation to the Certificateholders and the Uncertificated
VRR Interest Owner and shall not be construed as an obligation on the part of the Master Servicer, the Special Servicer or the Trustee,
as applicable, or a right of the Certificateholders or the Uncertificated VRR Interest Owner. Nothing herein shall give

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the Master Servicer, the Special Servicer
or the Trustee the right to defer reimbursement of a Nonrecoverable Advance if there are principal collections then available in the Collection
Account pursuant to Section 3.06 of this Agreement or to defer reimbursement of a Nonrecoverable Advance for an aggregate
period exceeding 12 months.

(b)              
If the Master Servicer is required to make a Property Advance, but does not do so within 15 days after the Property Advance
is required to be made, then the Trustee will be required: (i) if a Responsible Officer of the Trustee has actual knowledge of the
failure, to give the Master Servicer notice of its failure; and (ii) if the failure continues for three more Business Days, to make
the Advance unless the Trustee determines such advance to be a Nonrecoverable Advance.

Section 3.28          
Serviced Companion Loan Intercreditor Matters.

(a)              
If, pursuant to Section 2.03, Section 3.17 or Section 9.01 of this Agreement, any Mortgage
Loan that relates to a Serviced Whole Loan is purchased from, repurchased from or substituted out of, the Trust Fund, the subsequent holder
thereof shall be bound by the terms of the related Co-Lender Agreement and shall assume the rights and obligations of the holder of
the Note that represents the related Mortgage Loan under such Co-Lender Agreement. Subject to the provisions of the related Co-Lender
Agreement regarding servicing and custodial responsibilities: (i) all portions of the related Mortgage File and (to the extent provided
under the related Mortgage Loan Purchase Agreement) other documents pertaining to such Mortgage Loan shall be endorsed or assigned to
the extent necessary or appropriate to the purchaser of such Mortgage Loan in its capacity as the holder of the Note that represents the
related Mortgage Loan (as a result of such purchase, repurchase or substitution) and (except for the actual Note) on behalf of the holder
of the Note(s) that represents the Serviced Companion Loan(s); (ii) thereafter, such Mortgage File shall be held by the holder of the
Note that represents the related Mortgage Loan or a custodian appointed thereby for the benefit thereof, on behalf of itself and the holder
of the related Serviced Companion Loan(s) as their interests appear under the related Co-Lender Agreement; and (iii) if the related
Servicing File is not already in the possession of such party, it shall be delivered to the master servicer or special servicer, as the
case may be, under any separate servicing agreement for the Serviced Whole Loans.

(b)              
With respect to each Serviced Companion Loan held outside the Trust, notwithstanding any rights the Operating Advisor, a Risk Retention
Consultation Party or the Controlling Class Representative hereunder may have to consult with respect to any action or other matter with
respect to the servicing of such Serviced Companion Loan, to the extent the related Co-Lender Agreement provides that such right is
exercisable by the related Serviced Companion Loan Holder or its Companion Loan Holder Representative or is exercisable in conjunction
with any related Serviced Companion Loan Holder, then (i) neither the Operating Advisor nor the Controlling Class Representative
shall be permitted to exercise such right or (ii) to the extent provided in the related Co-Lender Agreement, the Operating Advisor
or the Controlling Class Representative, as applicable, shall be required to exercise such right in conjunction with any related
Serviced Companion Loan Holder or its Companion Loan Holder Representative, as applicable. Additionally, notwithstanding anything in this
Agreement to the contrary, the Master Servicer or Special

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Servicer, as applicable, shall consult
with, seek the approval of, or obtain the consent of the holder of any Serviced Companion Loan or its Companion Loan Holder Representative
with respect to any matters with respect to the servicing of such Serviced Companion Loan to the extent required under related Co-Lender
Agreement and shall not take such actions requiring consent of or consultation with the Serviced Companion Loan Holder or its Companion
Loan Holder Representative without such consent or consultation. In addition, notwithstanding anything to the contrary, the Master Servicer
or Special Servicer, as applicable, shall deliver reports and notices to the Serviced Companion Loan Holder or its Companion Loan Holder
Representative (or the master servicer or special servicer for the related Other Securitization Trust on behalf of the Serviced Companion
Loan Holder) as required under the Co-Lender Agreement.

(c)              
With respect to each Serviced Whole Loan, the Master Servicer shall prepare, or cause to be prepared, on an ongoing basis a statement
setting forth, to the extent applicable to such Serviced Whole Loan:

(i)                
    (A) the amount of the distribution from the related Whole Loan Custodial Account allocable to principal and (B) separately identifying
the amount of scheduled principal payments, balloon payments, principal prepayments made at the option of the Mortgagor or other principal
prepayments (specifying the reason therefor), net liquidation proceeds and foreclosure proceeds included therein and information on distributions
made with respect to the related Serviced Whole Loan;

(ii)                       
the amount of the distribution from the related Whole Loan Custodial Account allocable to interest and the amount of Default Interest
allocable to the related Serviced Whole Loan;

(iii)                       
the amount of the distribution to the related Serviced Companion Loan Holder, separately identifying the non-default interest,
principal and other amounts included therein, and if the distribution to a Serviced Companion Loan Holder is less than the full amount
that would be distributable to such Serviced Companion Loan Holder if there were sufficient amounts available therefor, the amount of
the shortfall and the allocation thereof between interest and principal and the amount of the shortfall, if any, under the related Serviced
Whole Loan;

(iv)                   
the principal balance of each of the related Serviced Whole Loan and related Serviced Companion Loan after giving effect to the
distribution of principal on the most recent Distribution Date; and

(v)                      
the amount of the servicing fees paid to the Master Servicer and the Special Servicer with respect to the most recent Distribution
Date, showing separately the Servicing Fee, the Special Servicing Fee, the Workout Fee and the Liquidation Fee.

Not later than each Distribution
Date, the Master Servicer shall make the foregoing statement available to the Serviced Companion Loan Holder (or the master servicer or
special servicer for the related Other Securitization Trust on its behalf) by electronic means (which may

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include posting such information pursuant to
the applicable CREFC® reports on the Master Servicer’s website) and by such other means of delivery as required under the related
Co-Lender Agreement.

(d)              
If any Serviced Companion Loan becomes the subject of an Other PSA Asset Review pursuant to the related Other Pooling and Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the Certificate Administrator shall reasonably cooperate (and the
Certificate Administrator shall cause any Custodian appointed by it to reasonably cooperate) with the related Other Asset Representations
Reviewer in connection with such Other PSA Asset Review by providing the related Other Asset Representations Reviewer with any documents
reasonably requested by the related Other Asset Representations Reviewer, but only to the extent that (i) the Other Asset Representations
Reviewer has not been able to obtain such documents from the related Mortgage Loan Seller and (ii) such documents are in the possession
of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or any Custodian appointed by the Certificate
Administrator, as the case may be. For the avoidance of doubt, none of the Master Servicer, the Special Servicer, the Trustee, the Certificate
Administrator or the Custodian shall have other obligations with respect to any such Other PSA Asset Review nor shall any such party be
bound by the results of any such asset review.

(e)              
With respect to any Other Pooling and Servicing Agreement that satisfies Regulation RR in whole or in part through the purchase
by a third party purchaser of an eligible horizontal residual interest pursuant to Rule 7 of Regulation RR (a “Regulation
RR Other PSA”), at any time that the Special Servicer has received written notice of such Regulation RR Other PSA and that an
Other Operating Advisor Consultation Trigger Event has occurred under such Regulation RR Other PSA because such eligible horizontal residual
interest has been reduced as set forth under Rule 7(b)(6)(iv) of Regulation RR, the Special Servicer shall consult with the related
Other Operating Advisor under such Other Pooling and Servicing Agreement with respect to any decisions that are Major Decisions with respect
to the related Serviced Companion Loan. Such consultation shall be on a non-binding basis and shall be performed in accordance with
the same process for consultations between the Special Servicer and Operating Advisor with respect to Major Decisions under this Agreement.

(f)               
With respect to each Serviced AB Whole Loan with respect to which the holder of any related Serviced Subordinate Companion Loan
is entitled under the related Co-Lender Agreement to avoid its applicable “control appraisal period” (or analogous concept)
by posting cash or letter of credit as collateral (a “Threshold Event Collateral”), the Special Servicer shall administer
any such Threshold Event Collateral in accordance with the terms of the related Co-Lender Agreement. Any Threshold Event Collateral
posted by a Serviced Subordinate Companion Loan Holder shall be held in an outside reserve fund which shall not be an asset of any Trust
REMIC, and the party that posted such Threshold Event Collateral shall be the owner of such outside reserve fund, all within the meaning
of Treasury Regulations Section 1.860G-2(h). Upon a Final Recovery Determination with respect to any such Serviced AB Whole Loan,
the Special Servicer shall transfer any related Threshold Event Collateral held in the form of cash (or, if the related Threshold Event
Collateral is a letter of credit, the proceeds of such Threshold

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Event Collateral) to the related Whole
Loan Custodial Account, which such transferred amount shall be treated as Liquidation Proceeds and applied in accordance with the terms
of the related Co-Lender Agreement and Section 3.06A of this Agreement.

(g)                 The
Master Servicer shall maintain a register (the “Serviced Companion Loan Holder Register”) with respect to each Serviced
Companion Loan on which the Master Servicer shall record the names and addresses of, and wire transfer instructions for, the Serviced
Companion Loan Holders from time to time, to the extent such information is provided in writing to the Master Servicer by a Serviced
Companion Loan Holder. The name and address of each initial Serviced Companion Loan Holder as of the Closing Date is set forth on Exhibit
NN hereto. The Master Servicer shall be entitled to conclusively rely upon the information delivered by any Serviced Companion Loan
Holder until it receives notice of transfer or of any change in information.

In the event that
a Serviced Companion Loan Holder transfers the related Serviced Companion Loan without notice to the Master Servicer, the Master Servicer
shall have no liability whatsoever for any misdirected payment on such Serviced Companion Loan and shall have no obligation to recover
and redirect such payment.

The Master Servicer
shall promptly provide the names and addresses of any Serviced Companion Loan Holder to any party hereto, any related Companion Loan Note
Holder or any successor thereto upon written request, and any such Person may, without further investigation, conclusively rely upon such
information. The Master Servicer shall have no liability to any Person for the provision of any such names and addresses.

For the avoidance
of doubt, any notices or information required to be delivered pursuant to this Agreement by any party hereto to a Serviced Companion Loan
Holder with respect to a Serviced Companion Loan that has been included in an Other Securitization Trust shall be provided to the Other
Servicer under the related Other Pooling and Servicing Agreement.

 

Section 3.29          
Appointment and Duties of the Operating Advisor.

(a)              
Park Bridge Lender Services LLC is hereby appointed to serve as the initial Operating Advisor. The Operating Advisor shall at all
times be an Eligible Operating Advisor. The Operating Advisor shall at all times act in accordance with the Operating Advisor Standard
in fulfilling its responsibilities and obligations under this Agreement.

(b)              
The Operating Advisor, as an independent contractor, shall (i) after the occurrence and during the continuance of a Control Termination
Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization, at any time), review the Special Servicer’s actions
and decisions in respect of Specially Serviced Loans and, solely in connection with Major Decisions as to which the Operating Advisor
has consultation rights following the occurrence and during the continuance of a Control Termination Event (or, in the case of an EHRI
Trust Subordinate Companion Loan Securitization, a related Operating Advisor Consultation Trigger Event), Performing Serviced Loans (in
light of the Servicing Standard and the requirements of this Agreement), (ii) consult with the Special

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Servicer regarding the Major Decisions
and Asset Status Reports as contemplated by Section 3.29(h), and (iii) perform each other obligation of the Operating Advisor
as set forth in this Agreement, in each such case solely on behalf of the Trust Fund and in the best interest of, and for the benefit
of, the Certificateholders and the Uncertificated VRR Interest Owner (as a collective whole), and not any particular Class of Certificateholders
or the Uncertificated VRR Interest Owner, as determined by the Operating Advisor in the exercise of its good faith and reasonable judgment,
but without regard to any conflict of interest arising from any relationship that the Operating Advisor or any of its Affiliates may have
with any of the Mortgagors, any Sponsor, any Mortgage Loan Seller, the Depositor, the Master Servicer, the Special Servicer, the Asset
Representations Reviewer, the Directing Holder, any Risk Retention Consultation Party or any of their respective Affiliates (the “Operating
Advisor Standard”). The Operating Advisor shall act solely as a contracting party to the extent set forth in this Agreement
and shall not owe any fiduciary duty to any party to this Agreement or any other Person in connection with this Agreement. The Operating
Advisor’s duties shall be limited to its specific obligations under this Agreement, and the Operating Advisor shall have no duty
or liability to any particular Class of Certificates or the Uncertificated VRR Interest or any Certificateholder or the Uncertificated
VRR Interest Owner. The Operating Advisor is not a servicer or a sub-servicer and will not be charged with changing the outcome on any
particular Specially Serviced Loan or with respect to any Major Decision on which it consults for a Performing Serviced Loan. The Uncertificated
VRR Interest Owner and, by its acceptance of a Certificate, each Certificateholder acknowledges and agrees that there could be multiple
strategies to resolve any Specially Serviced Loan and a variety of actions or decisions made with respect to any Major Decision and that
the goal of the Operating Advisor’s participation is to provide additional input relating to the Special Servicer’s compliance
with the Servicing Standard in making its determinations as to which strategy to execute. The Operating Advisor shall not owe any fiduciary
duty to the Master Servicer, the Special Servicer or any other Person in connection with this Agreement.

(c)              
The Operating Advisor shall promptly review (i) all information available to Privileged Persons on the Certificate Administrator’s
Website with respect to the Special Servicer, assets on the CREFC® Servicer Watch List, Specially Serviced Loans and, if
a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization, a related Operating Advisor Consultation
Trigger Event) exists, Major Decisions on Performing Serviced Loans, (ii) each Final Asset Status Report delivered by the Special
Servicer to the Operating Advisor, (iii) if a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization,
a related Operating Advisor Consultation Trigger Event) exists, each other Asset Status Report delivered by the Special Servicer to the
Operating Advisor, (iv) each Major Decision Reporting Package delivered by the Special Servicer to the Operating Advisor pursuant to Section 6.09(a)
(A) in connection with the Operating Advisor’s consultation rights with respect to the subject Major Decision regarding each Serviced
Loan if a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization, a related Operating Advisor
Consultation Trigger Event) exists, and (B) with respect to the subject Major Decision regarding each Specially Serviced Loan when a Control
Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization, a related Operating Advisor Consultation
Trigger Event) does not exist, after the Special Servicer

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receives the Directing Holder’s
approval or deemed approval of such Major Decision Reporting Package, and (v) if specifically required to be delivered to the Operating
Advisor under this Agreement, such other reports, documents, certificates and other information prepared by the Special Servicer and received
by the Operating Advisor, as relate to the actions and decisions of the Special Servicer in respect of Specially Serviced Loans and, solely
in connection with Major Decisions as to which the Operating Advisor has consultation rights, Performing Serviced Loans. To the extent
not otherwise deliverable by the Special Servicer to the Operating Advisor hereunder or available to the Operating Advisor on the Certificate
Administrator’s Website, the Special Servicer shall: (i) concurrently deliver to the Operating Advisor any and all reports
provided by the Special Servicer to any of the other parties to this Agreement or to the Uncertificated VRR Interest Owner or any Certificateholder
or Loan-Specific Certificateholder or Certificate Owner, in each case, to the extent that such reports relate to any Specially Serviced
Loan or any Major Decision with respect to which the Operating Advisor has consultation rights pursuant to Section 3.29(h)
of this Agreement (provided, that, for so long as a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion
Loan Securitization, a related Operating Advisor Consultation Trigger Event) does not exist, such reports shall exclude any Major Decision
Reporting Package that does not relate to a Specially Serviced Loan and any Asset Status Report that is not a Final Asset Status Report);
and (ii) grant the Operating Advisor adequate and timely access to information and reports prepared by or otherwise in the possession
of the Special Servicer necessary for the Operating Advisor to fulfill its duties under this Agreement.

(d)                 The
Operating Advisor shall review the Special Servicer’s actions and decisions, in light of the Servicing Standard and the requirements
of this Agreement, with respect to (i) after the occurrence and during the continuance of a Control Termination Event (or, in the case
of an EHRI Trust Subordinate Companion Loan Securitization, at any time), the applicable Specially Serviced Loan(s) and (ii) after the
occurrence and during the continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization,
a related Operating Advisor Consultation Trigger Event), the applicable Performing Serviced Loans solely in connection with Major Decisions
as to which the Operating Advisor has consultation rights pursuant to Section 3.29(h) of this Agreement.

(e)              
Following the occurrence and during the continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate
Companion Loan Securitization, at any time), based on the Operating Advisor’s review of the following information (to the extent
delivered to the Operating Advisor or made available to the Operating Advisor on the Certificate Administrator’s Website): any annual
compliance statement and any assessment of compliance delivered to the Operating Advisor pursuant to Section 10.08 and Section 10.09
of this Agreement, as applicable; any attestation report delivered to the Operating Advisor pursuant to Section 10.10 of this
Agreement; any Major Decision Reporting Package; any Final Asset Status Report and, during the continuance of a Control Termination Event
(or, in the case of an EHRI Trust Subordinate Companion Loan Securitization, a related Operating Advisor Consultation Trigger Event),
any other Asset Status Report; any other reports made available to Privileged Persons on the Certificate Administrator’s Website
during the prior calendar year that the Operating

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Advisor is required to review pursuant
to Section 3.29(c); and any other information (other than any communications between the applicable Directing Holder, any
Risk Retention Consultation Party or any Serviced Companion Loan Holder (or its Companion Loan Holder Representative), as applicable,
and the Special Servicer that would be Privileged Information) prepared by the Special Servicer and delivered to the Operating Advisor
under this Agreement, the Operating Advisor shall (if, during the prior calendar year, (i) any Mortgage Loan was a Specially Serviced
Mortgage Loan or (ii) there existed a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization,
a related Operating Advisor Consultation Trigger Event)) prepare and deliver to the Depositor, the Rule 17g-5 Information Provider
(who shall promptly post such Operating Advisor Annual Report on the Rule 17g-5 Information Provider’s Website), the Trustee
and the Certificate Administrator (who shall promptly post such Operating Advisor Annual Report on the Certificate Administrator’s
Website), within 120 days of the end of the prior calendar year an annual report (the “Operating Advisor Annual Report”).
The Operating Advisor Annual Report shall be substantially in the form of Exhibit R of this Agreement (which form may be modified
or altered as to either its organization or content by the Operating Advisor, subject to compliance of such form with the terms and provisions
of this Agreement; provided, that in no event shall the information or any other content included in the Operating Advisor Annual
Report contravene any provision of this Agreement). The Operating Advisor Annual Report shall set forth the Operating Advisor’s
assessment of the Special Servicer’s performance of its duties under this Agreement during the prior calendar year. Subject to the
restrictions in this Agreement, including, without limitation, Section 3.29(b) of this Agreement, each such Operating Advisor
Annual Report shall (A) state whether the Operating Advisor believes, in its sole discretion exercised in good faith, that the Special
Servicer is performing its duties in compliance with (1) the Servicing Standard and (2) the Special Servicer’s obligations
under this Agreement, (B) identify any material deviations with respect to such matters from (i) the Servicing Standard or (ii) the
Special Servicer’s obligations under this Agreement, (C) comply with all of the confidentiality requirements applicable to
the Operating Advisor with respect to Privileged Information provided for in this Agreement (subject to any permitted exceptions set forth
in this Agreement), and (D) with respect to any EHRI Trust Subordinate Companion Loan Securitization, comply with the requirements with
respect to reports of the Operating Advisor set forth under Rule 7(b) of Regulation RR. In the event a lack of access to Privileged Information
limits the Operating Advisor from performing its duties under this Agreement, the Operating Advisor shall not be subject to any liability
arising from its lack of access to Privileged Information. Such Operating Advisor Annual Report shall be delivered to the Trustee, the
Certificate Administrator, the Rule 17g-5 Information Provider and the Depositor, and the Certificate Administrator and the Rule 17g-5
Information Provider shall promptly, upon receipt, post such Operating Advisor Annual Report on the Certificate Administrator’s
Website and the Rule 17g-5 Information Provider’s Website, respectively; provided, however, that the Operating
Advisor shall deliver any Operating Advisor Annual Report (at least ten (10) calendar days prior to its delivery to the Depositor, the
Trustee and the Certificate Administrator) to (a) the Special Servicer, (b) in the case of a Trust Subordinate Companion Loan, the applicable
Directing Holder, and (c) the Controlling Class Representative (at any time that it is an applicable Directing Holder or Consulting
Party). The Operating Advisor

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may, but shall not be obligated to, revise
the Operating Advisor Annual Report based on any comments received from the Special Servicer or the Controlling Class Representative.
Notwithstanding the foregoing, except with respect to an EHRI Trust Subordinate Companion Loan Securitization, no Operating Advisor Annual
Report shall be required from the Operating Advisor with respect to the Special Servicer if during the prior calendar year no Asset Status
Report was prepared by the Special Servicer in connection with a Specially Serviced Loan or REO Property or was otherwise in the process
of being implemented in connection with a Specially Serviced Loan or REO Property. In the event the Special Servicer is replaced during
the prior calendar year, the Operating Advisor shall only be required to prepare an Operating Advisor Annual Report relating to each entity
that was acting as Special Servicer as of December 31 of the prior calendar year and is continuing in such capacity through the date
of such Operating Advisor Annual Report. In preparing an Operating Advisor Annual Report, the Operator Advisor is not required to report
on instances of non-compliance with, or deviations from, the Servicing Standard or the Special Servicer’s obligations under this
Agreement that the Operating Advisor determines, in accordance the Operating Advisor Standard, to be immaterial. In connection with the
Operating Advisor Annual Report and the reviews provided for above in this Section 3.29, the Operating Advisor (i) shall,
following the occurrence and during the continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion
Loan Securitization, at any time), perform its review on the basis of the Special Servicer’s performance of its duties with respect
to Specially Serviced Loans (in each case since such Serviced Loan became a Specially Serviced Loan) and (ii) shall, following the occurrence
and during the continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization,
a related Operating Advisor Consultation Trigger Event), to perform its review with respect to Major Decisions on Performing Serviced
Loans, as well as the extent to which those duties were performed in accordance with the Servicing Standard, with reasonable consideration
by the Operating Advisor of any annual compliance statement, any assessment of compliance and any attestation report delivered to the
Operating Advisor pursuant to Section 10.08, Section 10.09 and Section 10.10 of this Agreement, as
applicable, or made available to the Operating Advisor on the Certificate Administrator’s Website, any Asset Status Report, any
Major Decision Reporting Package and other information (other than any communications between the applicable Directing Holder, any Risk
Retention Consultation Party or any Serviced Companion Loan Holder (or its Companion Loan Holder Representative), as applicable, and the
Special Servicer that would be Privileged Information) that the Operating Advisor is required to review on the Certificate Administrator’s
Website or that is prepared by the Special Servicer and delivered or made available to the Operating Advisor pursuant to this Agreement.

(f)                
The Special Servicer shall forward any Appraisal Reduction Amount, Collateral Deficiency Amount and net present value calculations
used in the Special Servicer’s determination of the course of action to be taken in connection with the workout or liquidation of
a Specially Serviced Loan to the Operating Advisor after they have been finalized. Prior to the occurrence and continuance of a Control
Termination Event (except, in the case of an EHRI Trust Subordinate Companion Loan Securitization, as provided in Section 3.29(g)),
the Operating Advisor shall review such calculations but may not opine on, or otherwise call into question such Appraisal Reduction Amount,
Collateral

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Deficiency Amount and/or net present
value calculations; provided, however, if the Operating Advisor discovers a mathematical error contained in such calculations, then the
Operating Advisor shall notify the Special Servicer of such error.

(g)              
After the occurrence and during the continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion
Loan Securitization, at any time), after the calculation but prior to the utilization by the Special Servicer of any of the calculations
with respect to an applicable Specially Serviced Loan related to (i) Appraisal Reduction Amounts, (ii) Collateral Deficiency Amounts
or (iii) net present value used in the Special Servicer’s determination of the course of action to be taken in connection with
the workout or liquidation of such Specially Serviced Loan, the Special Servicer shall forward such calculations, together with any supporting
material or additional information in the Special Servicer’s possession or reasonably obtainable by the Special Servicer necessary
in support thereof (including such additional information reasonably requested by the Operating Advisor to confirm the mathematical accuracy
of such calculations, but not including any Privileged Information), to the Operating Advisor promptly, but in any event no later than
two (2) Business Days after preparing such calculations, and the Operating Advisor shall promptly, but no later than five (5) Business
Days after receipt of such calculations and any supporting or additional materials, recalculate and verify the accuracy of the mathematical
calculations and the corresponding application of the non-discretionary portion of the applicable formulas required to be utilized
in connection with any such calculation.

In connection with this Section 3.29(g),
in the event the Operating Advisor does not agree with the mathematical calculations in any material respect or does not agree with the
application of the non-discretionary portions of the applicable formulas required to be utilized for such calculation, the Operating
Advisor and the Special Servicer shall consult with each other in order to resolve any inaccuracy in the mathematical calculations or
the application of the non-discretionary portions of the applicable formulas in arriving at those mathematical calculations or any
disagreement within five (5) Business Days of delivery of such calculations to the Operating Advisor. In the event the Operating
Advisor and Special Servicer are not able to resolve such inaccuracies or disagreement prior to the end of such five (5) Business Day
period, the Operating Advisor shall promptly notify the Certificate Administrator of such disagreement and the Certificate Administrator
shall determine which calculation is to apply. In making such determination, the Certificate Administrator may hire an independent third-party
to assist with any such calculation at the expense of the Trust Fund.

(h)              
After the occurrence and during the continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion
Loan Securitization, a related Operating Advisor Consultation Trigger Event), the Operating Advisor shall consult (on a non-binding
basis) with the Special Servicer in connection with (i) any Major Decision with respect to a Serviced Loan in accordance with Section
3.24, Section 6.09 and this Section 3.29, (ii) each Asset Status Report in accordance with Section 3.21, and
(iii) the matters set forth in, and in accordance with, Section 3.09 and Section 3.17(m), and in each case, the Special
Servicer or the Trustee, as applicable, shall consider any alternative courses of action and any other feedback provided by the Operating
Advisor. In connection with the Operating Advisor’s obligation to consult (on a non-binding basis)

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with the Special Servicer with respect
to Asset Status Report in accordance with Section 3.21, the Operating Advisor shall propose, by written notice, alternative courses
of action within 10 Business Days of receipt of each Asset Status Report to the extent the Operating Advisor determines such alternatives
to be in the best interest of the Certificateholders (including any Certificateholders that were previously included in the Control Eligible
Classes) and the Uncertificated VRR Interest Owner, as a collective whole as if such Certificateholders and the Uncertificated VRR Interest
Owner constituted a single lender. After the occurrence and during the continuance of a Control Termination Event (or, in the case of
an EHRI Trust Subordinate Companion Loan Securitization, a related Operating Advisor Consultation Trigger Event), the Operating Advisor
shall consult with the Trustee in connection with the matter set forth in, and in accordance with, Section 7.02.

(i)                  Subject
to the requirements of confidentiality imposed on the Operating Advisor herein (including without limitation in respect of Privileged
Information), the Operating Advisor shall respond to Inquiries relating to the Operating Advisor Annual Reports or actions by the Master
Servicer or the Special Servicer as to which the Operating Advisor has consultation rights, whether or not referenced in any Operating
Advisor Annual Report and made by Privileged Persons from time to time in accordance with the terms of Section 4.02(a)
of this Agreement.

(j)                  Subject
to the Privileged Information Exception, the Operating Advisor will be obligated to keep confidential any Privileged Information received
from the Special Servicer, the applicable Directing Holder, any Risk Retention Consultation Party or any related Serviced Companion Loan
Holder (or its Companion Loan Holder Representative) in connection with the exercise of the rights of the applicable Directing Holder,
such Risk Retention Consultation Party or such related Serviced Companion Loan Holder under this Agreement (including, without limitation,
in connection with the review and/or approval of any Asset Status Report), subject to any law, rule, regulation, order, judgment or decree
requiring the disclosure of such Privileged Information.

(k)                  The
Operating Advisor shall keep all Privileged Information confidential and shall not disclose such Privileged Information to any Person
(including Certificateholders and the Uncertificated VRR Interest Owner, other than the Controlling Class Representative or the
Loan-Specific Controlling Class Representative), other than (1) to the extent expressly required by this Agreement, to the other parties
to this Agreement with a notice indicating that such information is Privileged Information, (2) pursuant to a Privileged Information
Exception or (3) when necessary to support, and directly related to, specific findings or conclusions (i) in the Operating Advisor Annual
Report or (ii) in connection with a recommendation by the Operating Advisor for the replacement of the Special Servicer. Notwithstanding
the foregoing, the Operating Advisor, solely to the extent required in connection with its duties under this Agreement, will be permitted
to share Privileged Information with its Affiliates and any subcontractors of the Operating Advisor provided such Affiliates and subcontractors
of the Operating Advisor agree in writing prior to their receipt of such Privileged Information to be bound by the same confidentiality
provisions applicable to the Operating Advisor described in this Agreement and a copy of such agreement is provided to the parties hereto.
Each party to this Agreement that receives Privileged Information from the Operating Advisor with a

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notice stating that such information
is Privileged Information shall not disclose such Privileged Information to any Person without the prior written consent of the Special
Servicer and, as applicable, any related Outside Controlling Note Holder (if a Serviced Outside Controlled Whole Loan is involved), the
Risk Retention Consultation Parties and/or, unless a Consultation Termination Event has occurred and is continuing, the Controlling Class Representative
other than pursuant to a Privileged Information Exception.

(l)                   On
each Master Servicer Remittance Date, the Operating Advisor shall be paid the applicable Operating Advisor Fee accrued on the Mortgage
Loans from amounts on deposit in the Collection Account, pursuant to Section 3.06 of this Agreement, and the applicable
Operating Advisor Fee accrued on a Mortgage Loan that is part of a Whole Loan from collections on such Mortgage Loan on deposit in the
related Whole Loan Custodial Account, pursuant to Section 3.06(A) of this Agreement. In addition, the Operating Advisor Consulting
Fee shall be payable to the Operating Advisor (but only to the extent such fee is actually received from the related Mortgagor as a separately
identifiable fee) with respect to each Major Decision for which the Operating Advisor has consultation rights. Each of the Operating
Advisor Fee and the Operating Advisor Consulting Fee shall be payable from funds on deposit in the Collection Account as provided in
Section 3.06 of this Agreement, but with respect to the Operating Advisor Consulting Fee only to the extent such Operating
Advisor Consulting Fee is actually received from the related Mortgagor. If the Operating Advisor has consultation rights with respect
to a Major Decision under this Agreement, the Master Servicer or the Special Servicer, as applicable, shall use commercially reasonable
efforts consistent with the Servicing Standard to collect the applicable Operating Advisor Consulting Fee from the related Mortgagor
in connection with such Major Decision, but only to the extent not prohibited by the related Loan Documents, and shall deposit any Operating
Advisor Consulting Fee so collected from the related Mortgagor into the Collection Account. The Master Servicer or Special Servicer,
as applicable, may waive or reduce the amount of any Operating Advisor Consulting Fee payable by the related Mortgagor if it determines
that such full or partial waiver is in accordance with the Servicing Standard, but in no event shall the Master Servicer or the Special
Servicer take any enforcement action with respect to the collection of such Operating Advisor Consulting Fee other than requests for
collection; provided that the Master Servicer or the Special Servicer, as applicable, shall consult (on a non-binding basis)
with the Operating Advisor prior to any such waiver or reduction.

(m)              
In no event shall the Operating Advisor have the power to compel any transaction party to take or refrain from taking any action.

Section 3.30          
Rating Agency Confirmation.

(a)               
Notwithstanding the terms of any related Loan Documents or other provisions of this Agreement, if any action under any Loan Documents
or this Agreement requires Rating Agency Confirmation as a condition precedent to such action, if the party (the “Requesting
Party”) required to obtain such Rating Agency Confirmation from each Rating Agency has made a request to any Rating Agency for
such Rating Agency Confirmation and if, within 10 Business Days of the Rating Agency Confirmation request

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being posted to the Rule 17g-5
Information Provider’s Website, any Rating Agency has not granted such request, rejected such request or provided a Rating Agency
Declination, then (i) such Requesting Party shall promptly request the related Rating Agency Confirmation again, and (ii) if
there is no response to such second Rating Agency Confirmation request from the applicable Rating Agency within five (5) Business Days
of such second request, whether in the form of granting or rejecting such Rating Agency Confirmation request or providing a Rating Agency
Declination, then: (x) with respect to any condition in any Loan Document or related intercreditor agreement or Co-Lender Agreement
requiring a Rating Agency Confirmation or any other matter under this Agreement relating to the servicing of the Serviced Mortgage Loans
and any Trust Subordinate Companion Loans (other than as set forth in clause (y) or (z) below), the Requesting Party (or, if the
Requesting Party is the related Mortgagor, then the Master Servicer (with respect to Performing Serviced Loans if the subject action is
not a Major Decision or a Special Servicer Decision or the Master Servicer is processing a Major Decision or a Special Servicer Decision)
or the Special Servicer (with respect to Specially Serviced Loans and REO Properties and with respect to Performing Serviced Loans if
the subject action is a Major Decision or a Special Servicer Decision processed by the Special Servicer), as applicable) shall determine
(with the consent of the applicable Directing Holder (but in each case only in the case of actions that would otherwise be Major Decisions),
which consent shall be pursued by the Special Servicer and deemed given if such Directing Holder does not respond within seven (7)
Business Days of receipt of a request from the Special Servicer to consent to the Requesting Party’s determination), in accordance
with its duties under this Agreement and in accordance with the Servicing Standard, except as provided in Section 3.30(b),
whether or not such action would be in accordance with the Servicing Standard, and if the Requesting Party (or, if the Requesting Party
is the related Mortgagor, then the Master Servicer or the Special Servicer, as applicable) makes such determination, then the requirement
to obtain a Rating Agency Confirmation shall not apply; (y) with respect to a replacement of the Master Servicer or the Special Servicer,
such condition shall be considered satisfied if: (1) the applicable replacement master servicer has a master servicer rating of at least
“CMS3” from Fitch or the applicable replacement special servicer has a special servicer rating of at least “CSS3”
from Fitch, if Fitch is the non-responding Rating Agency; (2) if Moody’s is the non-responding Rating Agency, (A) the applicable
replacement master servicer or special servicer, as applicable, has confirmed in writing that it was appointed to act, and as of the date
of determination is acting, as the servicer or special servicer, as applicable, on a transaction level basis of a CMBS transaction with
respect to which Moody’s rated one or more classes of securities and one or more of such classes of securities are still outstanding
and rated by Moody’s and (B) Moody’s has not cited servicing concerns of the applicable replacement master servicer or special
servicer, as applicable, as the sole or material factor in any qualification, downgrade or withdrawal (or placement on “watch status”
in contemplation of a ratings downgrade or withdrawal) of the ratings of securities in any other CMBS transaction serviced by the applicable
servicer prior to the time of determination; (3) KBRA has not cited servicing concerns of the applicable replacement master servicer or
special servicer as the sole or material factor in any qualification, downgrade or withdrawal (or placement on “watch status”
in contemplation of a ratings downgrade or withdrawal) of the ratings of securities in any other CMBS transaction

    	 	- 333 -	 

     

    

serviced by the applicable servicer prior
to the time of determination, if KBRA is the non-responding Rating Agency; and (4) in the case of the replacement of the Special Servicer
in respect of the Yorkshire & Lexington Towers Whole Loan or the Master Servicer, if DBRS Morningstar is the non-responding Rating
Agency, the applicable replacement master servicer or special servicer, as applicable, (A) has a current ranking from DBRS Morningstar
of at least “MOR CS3” or (B) if not ranked by DBRS Morningstar, is currently acting as servicer or special servicer, as applicable,
for a CMBS transaction rated by DBRS Morningstar and as to which DBRS Morningstar has not cited servicing concerns with respect to such
servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status”
in contemplation of a ratings downgrade or withdrawal, which placement on “watch status” has not been withdrawn within 60
days without any ratings downgrade or withdrawal) of securities in such CMBS transaction serviced by the applicable servicer prior to
the time of determination; and (z) with respect to a replacement or successor of the Operating Advisor, such condition shall be deemed
to be waived with respect to any non-responding Rating Agency so long as such Rating Agency has not cited concerns regarding the replacement
operating advisor as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch
status” in contemplation of a ratings downgrade or withdrawal) of securities in any other CMBS transaction with respect to which
the replacement operating advisor acts as trust advisor or operating advisor prior to the time of determination.

Any Rating Agency Confirmation
request made by the Master Servicer, Special Servicer, Certificate Administrator, Operating Advisor or Trustee, as applicable, pursuant
to this Agreement, shall be made in writing, which writing shall contain a cover page indicating the nature of the Rating Agency Confirmation
request, and shall contain all back-up material reasonably necessary for the Rating Agency to process such request, subject to Section 12.13.
Such written Rating Agency Confirmation request shall be provided in electronic format in accordance with Section 12.13(b)
and the Master Servicer, Special Servicer, Certificate Administrator, Operating Advisor or Trustee, as applicable, shall be required to
send the Rating Agency Confirmation request to the Rating Agencies in accordance with Section 12.13(b).

Promptly following the Requesting
Party’s (or, if the Requesting Party is the related Mortgagor, then the Master Servicer’s or the Special Servicer’s,
as applicable) determination to take any action discussed in this Section 3.30(a) without receiving any required Rating Agency
Confirmation, such Requesting Party (or the Master Servicer or the Special Servicer, as applicable) shall provide electronic written notice
in accordance with Section 12.13(b) of the action taken for the particular item at such time and the Master Servicer, Special
Servicer, Certificate Administrator or Trustee, as applicable, shall be required to send the Rating Agency Confirmation request to the
Rating Agencies in accordance with Section 12.13(b).

(b)              
For the purposes of clause (ii) of Section 3.30(a), and notwithstanding anything to the contrary in Section 3.30(a),
with respect to the provisions of any Loan Document relating to defeasance (including without limitation the type of collateral acceptable
for use as defeasance collateral), release or substitution of any collateral, any applicable Rating Agency Confirmation requirement in
the Loan Documents shall not apply, even without the determination pursuant to Section 3.30(a)(ii)(x) by the Requesting Party
(or, if the Requesting Party is the related Mortgagor, by the Master Servicer (with

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respect to Performing Serviced Loans
if the subject action is not a Major Decision or a Special Servicer Decision or the Master Servicer is processing a Major Decision or
a Special Servicer Decision) or the Special Servicer (with respect to Specially Serviced Loans and REO Properties and with respect to
Performing Serviced Loans if the subject action is a Major Decision or a Special Servicer Decision processed by the Special Servicer),
as applicable); provided, that the Master Servicer (with respect to Performing Serviced Loans if the subject action is not a Major
Decision or a Special Servicer Decision or the Master Servicer is processing a Major Decision or a Special Servicer Decision) or the Special
Servicer (with respect to Specially Serviced Loans and REO Properties and with respect to Performing Serviced Loans if the subject action
is a Major Decision or a Special Servicer Decision processed by the Special Servicer), as applicable, shall in any event review the other
conditions required under the related Loan Documents with respect to such defeasance, release or substitution and confirm to its satisfaction
in accordance with the Servicing Standard that such conditions (other than the requirement for a Rating Agency Confirmation) have been
satisfied.

(c)              
For all other matters or actions (i) not specifically discussed in clause (ii) (x), (ii) (y) or (ii) (z) of Section 3.30(a)
above and (ii) that are not the subject of a Rating Agency Declination, the proposed action shall not be permitted to proceed unless
the applicable Requesting Party shall deliver Rating Agency Confirmation from each Rating Agency.

(d)                With
respect to any Serviced Companion Loan as to which there exists Serviced Companion Loan Securities, if any action relating to the servicing
and administration of any or all of the related Serviced Loans or any related REO Property (including, but not limited to, the replacement
of the Master Servicer, the Special Servicer or a sub-servicer) (the “Relevant Action”) requires delivery of a
Rating Agency Confirmation as a condition precedent to such action pursuant to this Agreement, then, except as set forth below in this
paragraph, such action will also require delivery of a Companion Loan Rating Agency Confirmation as a condition precedent to such action
from each Companion Loan Rating Agency. Each Companion Loan Rating Agency Confirmation shall be sought by the Master Servicer or Special
Servicer, as applicable, depending on whichever such party is seeking the corresponding Rating Agency Confirmation(s) in connection with
the Relevant Action. The requirement to obtain a Companion Loan Rating Agency Confirmation with respect to any Serviced Companion Loan
Securities will be subject to, will be permitted to be waived by the Master Servicer and the Special Servicer on, and will be deemed
satisfied or not to apply on, the same terms and conditions applicable to obtaining Rating Agency Confirmations, as set forth in this
Agreement; provided, that the Master Servicer or Special Servicer, as applicable, depending on which is seeking the subject Companion
Loan Rating Agency Confirmation, shall forward to one or more of its counterparts (i.e., the master servicer or special servicer, as
applicable), the Rule 17g-5 Information Provider’s counterpart for the related Other Securitization Trust, or such other
party or parties (as are agreed to by the Master Servicer or the Special Servicer, as applicable, and the applicable parties for the
related Other Securitization Trust), at the expense of the related Other Securitization Trust to the extent not borne by the related
Mortgagor, and in such format as the sender and recipient may reasonably agree, (i) the request for such Companion Loan Rating
Agency Confirmation

    	 	- 335 -	 

     

    

at least two (2) Business Days before
it is sent to the applicable Companion Loan Rating Agency, (ii) all materials forwarded to the Rule 17g-5 Information Provider
under this Agreement in connection with seeking the Rating Agency Confirmation(s) for the applicable Relevant Action at approximately
the same time that such materials are forwarded to the Rule 17g-5 Information Provider, and (iii) any other materials that
the applicable Companion Loan Rating Agency may reasonably request in connection with such Companion Loan Rating Agency Confirmation promptly
following such request.

(e)              
Each of the Master Servicer and the Certificate Administrator shall, promptly following receipt of written request from the Special
Servicer, provide to the Special Servicer the contact information for the master servicer, the special servicer, the trustee, the certificate
administrator and the Rule 17g-5 Information Provider’s counterpart for an Other Securitization Trust, in each case to
the extent known to it.

Section 3.31          
General Acknowledgement Regarding Companion Loan Holders. Each Certificateholder and the Uncertificated VRR Interest Owner
acknowledges and agrees, by its acceptance of its Certificates or the Uncertificated VRR Interest, as applicable, that: (i) each
Companion Loan Holder may have special relationships and interests that conflict with those of the Uncertificated VRR Interest Owner and/or
Holders of one or more Classes of Certificates; (ii) each Companion Loan Holder may act solely in its own interests; (iii) no
Companion Loan Holder has any duty to the Uncertificated VRR Interest Owner or the Holders of any Class of Certificates; and (iv) no
Companion Loan Holder shall have any liability whatsoever for having so acted in its own interests, and neither the Uncertificated VRR
Interest Owner nor any Certificateholder may take any action whatsoever against any Companion Loan Holder or any director, officer, employee,
agent or principal thereof for such Companion Loan Holder’s having so acted in its own interests.

Section 3.32             Delivery
of Excluded Information to the Certificate Administrator. Any Excluded Information that the Master Servicer, the Special Servicer
or the Operating Advisor identifies and delivers to the Certificate Administrator for posting to the Certificate Administrator’s
Website shall be delivered to the Certificate Administrator via e-mail (or such other electronic means as is mutually acceptable
to the parties) in one or more separate files labeled “Excluded Information” followed by the applicable loan name and loan
file to loandata@citi.com. For the avoidance of doubt, any information that is not appropriately labeled and delivered in accordance
with this Section 3.32 shall not be separately posted as Excluded Information on the Certificate Administrator’s
Website, and any information appropriately labeled and delivered to the Certificate Administrator pursuant to this Section 3.32
shall be posted on the Certificate Administrator’s Website under the “Excluded Information” section, as provided
under Section 4.02 (unless a loan-by-loan segregation is later performed by the Certificate Administrator in which
case any information appropriately labeled and delivered to the Certificate Administrator pursuant to this Section 3.32
shall be posted on the Certificate Administrator’s Website in such a manner that an Excluded Controlling Class Holder will
only be prohibited from accessing Excluded Information with respect to those Excluded Controlling Class Mortgage Loan(s) for which
such Excluded Controlling Class Holder is a Borrower Party; provided that the foregoing shall not be construed as an affirmative
obligation for the Certificate Administrator to perform such segregation). When so posted, the Excluded Controlling Class Holders
shall be prohibited from accessing Excluded Information with respect to any Excluded Controlling Class Mortgage Loans on the Certificate
Administrator’s Website. None of the Master Servicer, the Special Servicer or the Operating

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Advisor shall have any obligations to separately
label and deliver any Excluded Information in accordance with this Section 3.32 until such party has received written notice
with respect to the related Excluded Controlling Class Mortgage Loan in the form of Exhibit M-1C to this Agreement.
Nothing set forth in this Agreement shall prohibit the Controlling Class Representative or any Controlling Class Certificateholder
from receiving, requesting or reviewing any Excluded Information relating to any Excluded Controlling Class Mortgage Loan with respect
to which the Controlling Class Representative or such Controlling Class Certificateholder is not a Borrower Party and, if such
Excluded Information is not available on the Certificate Administrator’s Website, such Controlling Class Representative or
Controlling Class Certificateholder that is not a Borrower Party with respect to the related Excluded Controlling Class Mortgage
Loan shall be entitled to obtain (upon reasonable request) such information in accordance with Section 4.02(e) of this Agreement.

Section 3.33          
Resignation Upon Prohibited Risk Retention Affiliation.

Under Regulation RR, the Loan-Specific Retaining Third Party Purchaser
is prohibited from being Risk Retention Affiliated with, among other persons, the Master Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor or the Asset Representations Reviewer. As long as the prohibition referred to in the preceding sentence exists,
upon the occurrence of (i) a Servicing Officer of the Master Servicer or a Responsible Officer of the Certificate Administrator or the
Trustee, as applicable, obtaining actual knowledge that the Master Servicer, the Certificate Administrator or the Trustee, as applicable,
is or has become Risk Retention Affiliated with or a Risk Retention Affiliate of the Loan-Specific Retaining Third Party Purchaser (in
such case, an “Impermissible TPP Affiliate”), (ii) the Master Servicer, Certificate Administrator or the Trustee receiving
written notice by any other party to this Agreement, the Loan-Specific Retaining Third Party Purchaser, any Sponsor or any Underwriter
or Initial Purchaser that the Master Servicer, Certificate Administrator or the Trustee, as applicable, is or has become an Impermissible
TPP Affiliate, or (iii) the Operating Advisor or the Asset Representations Reviewer obtaining actual knowledge that it is or has become
an Affiliate (including a Risk Retention Affiliate) of the Loan-Specific Retaining Third Party Purchaser, any Sponsor or any other party
to this Agreement (other than the Operating Advisor and Asset Representations Reviewer) (together with an Impermissible TPP Affiliate,
an “Impermissible Risk Retention Affiliate”), then, in each case, such Impermissible Risk Retention Affiliate shall
promptly notify the Sponsors and the other parties to this Agreement and resign in accordance with Section 6.04, Section 8.07
or Section 11.03, as applicable. The resigning Impermissible Risk Retention Affiliate shall bear all reasonable out of pocket costs
and expenses of each other party to this Agreement, the Trust and each Rating Agency in connection with such resignation as and to the
extent required under this Agreement, provided however, if the affiliation causing an Impermissible Risk Retention Affiliate is the result
of the Loan-Specific Retaining Third Party Purchaser acquiring an interest in such Impermissible Risk Retention Affiliate or an affiliate
of such Impermissible Risk Retention Affiliate, then such costs and expenses shall be an expense of the Trust.

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Article
IV

DISTRIBUTIONS TO CERTIFICATEHOLDERS

Section 4.01          
Distributions.

(a)              
(i) On each Master Servicer Remittance Date, the Master Servicer shall make the remittances and deposits specified in the
first paragraph of Section 4.06(a) of this Agreement. On or prior to the Master Servicer Remittance Date in March (or February
if the final Distribution Date occurs in such month) of each calendar year (commencing in 2023), pursuant to Section 3.23,
the Certificate Administrator shall withdraw from the Interest Reserve Account the aggregate of all Withheld Amounts on deposit therein
and shall deposit any such amounts in the Lower-Tier REMIC Distribution Account (to the extent such Withheld Amounts relate to the
Mortgage Loans) and the Trust Subordinate Companion Loan REMIC Distribution Account (to the extent such Withheld Amounts relate to the
Trust Subordinate Companion Loan), as applicable. On each Master Servicer Remittance Date, the Certificate Administrator shall withdraw
from the Excess Liquidation Proceeds Reserve Account and deposit in the Lower-Tier REMIC Distribution Account any Excess Liquidation
Proceeds required to be so transferred pursuant to Section 4.01(e) of this Agreement. On each Distribution Date, the amounts
that have been transferred to the Lower-Tier REMIC Distribution Account from the Collection Account or as P&I Advances or Compensating
Interest Payments or as otherwise contemplated by the preceding sentences of this Section 4.01(a) shall be deemed distributed
on the Lower-Tier Regular Interests to the Upper-Tier REMIC, in accordance with Section 4.01(a)(ii) and the last paragraph
of Section 4.01(d). On each Distribution Date, the amounts that have been transferred to the Trust Subordinate Companion Loan
REMIC Distribution Account from the Collection Account or as P&I Advances or Compensating Interest Payments or as otherwise contemplated
by the preceding sentences of this Section 4.01(a) shall be deemed distributed on the Trust Subordinate Companion Loan Regular
Interests to the Upper-Tier REMIC, in accordance with Section 4.01(a)(iii) and the last paragraph of Section 4.01(d).
Thereafter, such amounts shall be considered to be held in the Upper-Tier REMIC Distribution Account until distributed to the Certificateholders
and the Uncertificated VRR Interest Owner.

(ii)                 All
distributions made in respect of interest on any Class of Non-Vertically Retained Principal Balance Certificates or in respect
of interest of the Class VRR Upper Tier Regular Interest on each Distribution Date pursuant to Section 4.01(b),
Section 4.01(c) or Section 9.01 shall be deemed to have first been distributed from the Lower-Tier REMIC
to the Upper-Tier REMIC as interest in respect of its Corresponding Lower-Tier Regular Interest set forth in the Preliminary
Statement hereto. All distributions made in respect of interest on any Class of the Class X Certificates on each Distribution
Date pursuant to Section 4.01(b) or Section 9.01, and allocable to any particular Component of such Class of
Certificates in accordance with the last paragraph of Section 4.01(b), shall be deemed to have first been distributed from
the Lower-Tier REMIC to the Upper-Tier REMIC as interest in respect of such Component’s Corresponding Lower-Tier Regular
Interest. All distributions made in respect of principal of any

    	 	- 338 -	 

     

    

Class of Non-Vertically Retained Principal
Balance Certificates or in respect of principal of the Class VRR Upper-Tier Regular Interest on each Distribution Date pursuant
to Section 4.01(b), Section 4.01(c) or Section 9.01 shall be deemed to have first been distributed
from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of principal of its Corresponding Lower-Tier Regular Interest
set forth in the Preliminary Statement hereto. All reimbursements (with interest) of applicable Realized Losses made in respect of any
Class of Non-Vertically Retained Principal Balance Certificates or in respect of the Class VRR Upper-Tier Regular Interest
on each Distribution Date pursuant to Section 4.01(b), Section 4.01(c) or Section 9.01 shall be deemed
to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC as reimbursements (with interest) of applicable
Realized Losses, in respect of its Corresponding Lower-Tier Regular Interest.

(iii)             
All distributions made in respect of interest on any Class of Loan-Specific Certificates on each Distribution Date pursuant
to Section 4.01(m) or Section 9.01 shall be deemed to have first been distributed from the Trust Subordinate Companion
Loan REMIC to the Upper-Tier REMIC as interest in respect of its Corresponding Trust Subordinate Companion Loan Regular Interest set
forth in the Preliminary Statement hereto. All distributions made in respect of principal of any Class of Loan-Specific Certificates
on each Distribution Date pursuant to Section 4.01(m) or Section 9.01 shall be deemed to have first been distributed
from the Trust Subordinate Companion Loan REMIC to the Upper-Tier REMIC in respect of principal of its Corresponding Trust Subordinate
Companion Loan Regular Interest set forth in the Preliminary Statement hereto. All reimbursements (with interest, if applicable) of applicable
Realized Losses made in respect of any Class of Loan-Specific Certificates on each Distribution Date pursuant to Section 4.01(m)
or Section 9.01 shall be deemed to have first been distributed from the Trust Subordinate Companion Loan REMIC to the Upper-Tier
REMIC as reimbursements (with interest, if applicable) of applicable Realized Losses in respect of its Corresponding Trust Subordinate
Companion Loan Regular Interest.

(iv)            
On each Distribution Date, Holders of the Class R Certificates shall receive distributions of any Aggregate Available Funds
and Yield Maintenance Charges remaining in the Lower-Tier REMIC Distribution Account in respect of the Lower-Tier Residual Interest
after all payments have been made to the Certificate Administrator as the holder of the Lower-Tier Regular Interests in accordance
with Section 4.01(a)(ii) and the last paragraph of Section 4.01(d). On each Distribution Date, Holders of the
Class R Certificates shall receive distributions of any Trust Subordinate Companion Loan Available Funds and Yield Maintenance Charges
remaining in the Trust Subordinate Companion Loan REMIC Distribution Account in respect of the Trust Subordinate Companion Loan Residual
Interest after all payments have been made to the Certificate Administrator as the holder of the Trust Subordinate Companion Loan Regular
Interests in accordance with Section 4.01(a)(iii) and the last paragraph of Section 4.01(d).

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(b)              
 On each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier REMIC Distribution Account the
amounts on deposit in the Upper-Tier REMIC Distribution Account in respect of interest, principal and reimbursement of applicable
Realized Losses, to the extent of Non-Vertically Retained Available Funds on deposit therein, and distribute such amounts to the Holders
of each Class of Non-Vertically Retained Regular Certificates and to the Holders of the Class R Certificates in the amounts
and in the order of priority set forth below:

(i)                  First,
to the respective Holders of the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A,
Class X-D, Class X-F, Class X-G and Class X-H Certificates, in respect of interest, up to an amount equal to, and pro rata
in accordance with, the respective Interest Distribution Amounts of those Classes;

(ii)             
Second, to the respective Holders of the Class A-1, Class A-2, Class A-4, Class A-5 and Class A-SB
Certificates in reduction of the respective Certificate Balances thereof in the following priority (subject to the penultimate paragraph
of this Section 4.01(b)):

(A)               to
the Holders of the Class A-SB Certificates, in reduction of the related Certificate Balance, up to an amount equal to the Principal
Distribution Amount for such Distribution Date, until the related Certificate Balance is reduced to the Class A-SB Scheduled Principal
Balance with respect to such Distribution Date;

(B)             
to the Holders of the Class A-1 Certificates, in reduction of the related Certificate Balance, up to an amount equal to
the Principal Distribution Amount for such Distribution Date, less the portion of such Principal Distribution Amount distributed pursuant
to subclause (A) above, until the related Certificate Balance is reduced to zero;

(C)             
to the Holders of the Class A-2 Certificates, in reduction of the related Certificate Balance, up to an amount equal to
the Principal Distribution Amount for such Distribution Date, less the portion of such Principal Distribution Amount distributed pursuant
to subclauses (A) and (B) above, until the related Certificate Balance is reduced to zero;

(D)                to the Holders of Class A-4 Certificates, in reduction of the related Certificate Balance, up to an amount equal to the Principal
Distribution Amount for such Distribution Date, less the portion of such Principal Distribution Amount distributed pursuant to subclauses (A)
through (C) above, until the related Certificate Balance is reduced to zero;

(E)               
to the Holders of the Class A-5 Certificates, in reduction of the related Certificate Balance, up to an amount equal to
the Principal Distribution Amount for such Distribution Date, less the portion of such Principal Distribution Amount distributed pursuant
to subclauses (A)

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through (D) above, until the related
Certificate Balance is reduced to zero; and

(F)                   to
the Holders of the Class A-SB Certificates, in reduction of the related Certificate Balance, up to an amount equal to the Principal
Distribution Amount for such Distribution Date, less the portion of such Principal Distribution Amount distributed pursuant to subclauses (A)
through (E) above, until the related Certificate Balance is reduced to zero;

(iii)           
Third, to the respective Holders of the Class A-1, Class A-2, Class A-4, Class A-5 and Class A-SB
Certificates, up to an amount equal to, and pro rata based upon, the aggregate unreimbursed Realized Losses previously allocated
to each such Class, plus interest thereon at the Pass-Through Rate for such Class compounded monthly from the date each related
Realized Loss was allocated to such Class;

(iv)            
Fourth, to the Holders of the Class A-S Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount of that Class;

(v)             
Fifth, after the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5 and Class A-SB
Certificates have been reduced to zero, to the Holders of the Class A-S Certificates, in reduction of the related Certificate
Balance, up to an amount equal to the Principal Distribution Amount for such Distribution Date, less the portion of such Principal Distribution
Amount distributed pursuant to all prior clauses, until the related Certificate Balance is reduced to zero;

(vi)            
Sixth, to the Holders of the Class A-S Certificates, up to an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to such Class, plus interest thereon at the Pass-Through Rate for such Class compounded monthly from
the date each related Realized Loss was allocated to such Class;

(vii)           
Seventh, to the Holders of the Class B Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount of that Class;

(viii)         
Eighth, after the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB
and Class A-S Certificates have been reduced to zero, to the Holders of the Class B Certificates, in reduction of the related
Certificate Balance, up to an amount equal to the Principal Distribution Amount for such Distribution Date, less the portion of such Principal
Distribution Amount distributed pursuant to all prior clauses, until the related Certificate Balance is reduced to zero;

(ix)              
Ninth, to the Holders of the Class B Certificates, up to an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to such Class, plus interest thereon at the Pass-Through Rate for such

    	 	- 341 -	 

     

    

Class compounded monthly from the
date each related Realized Loss was allocated to such Class;

(x)             
Tenth, to the Holders of the Class C Certificates, in respect of interest, up to an amount equal to the Interest Distribution
Amount of that Class;

(xi)            
Eleventh, after the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB,
Class A-S and Class B Certificates have been reduced to zero, to the Holders of the Class C Certificates, in reduction
of the related Certificate Balance, up to an amount equal to the Principal Distribution Amount for such Distribution Date, less the portion
of such Principal Distribution Amount distributed pursuant to all prior clauses, until the related Certificate Balance is reduced to zero;

(xii)            
Twelfth, to the Holders of the Class C Certificates, up to an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to such Class, plus interest thereon at the Pass-Through Rate for such Class compounded monthly from
the date each related Realized Loss was allocated to such Class;

(xiii)            
Thirteenth, to the Holders of the Class D Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount of that Class;

(xiv)            
Fourteenth, after the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5,
Class A-SB, Class A-S, Class B and Class C Certificates have been reduced to zero, to the Holders of the Class D
Certificates, in reduction of the related Certificate Balance, up to an amount equal to the Principal Distribution Amount for such Distribution
Date, less the portion of such Principal Distribution Amount distributed pursuant to all prior clauses, until the related Certificate
Balance is reduced to zero;

(xv)            
Fifteenth, to the Holders of the Class D Certificates, up to an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to such Class, plus interest thereon at the Pass-Through Rate for such Class compounded monthly from
the date each related Realized Loss was allocated to such Class;

(xvi)           
Sixteenth, to the Holders of the Class E Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount of that Class;

(xvii)                 Seventeenth, after the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5,
Class A-SB, Class A-S, Class B, Class C and Class D Certificates have been reduced to zero, to the Holders
of the Class E Certificates, in reduction of the related Certificate Balance, up to an amount equal to the Principal Distribution
Amount for such Distribution Date, less the portion of such Principal Distribution Amount distributed pursuant to all prior clauses, until
the related Certificate Balance is reduced to zero;

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(xviii)   
   Eighteenth, to the Holders of the Class E Certificates, up to an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to such Class, plus interest thereon at the Pass-Through Rate for such Class compounded monthly
from the date each related Realized Loss was allocated to such Class;

(xix)        
   Nineteenth, to the Holders of the Class F Certificates, in respect of interest, up to an amount equal to the Interest Distribution
Amount of that Class;

(xx)          
Twentieth, after the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5,
Class A-SB, Class A-S, Class B, Class C, Class D and Class E Certificates have been reduced to zero,
to the Holders of the Class F Certificates, in reduction of the related Certificate Balance, up to an amount equal to the Principal Distribution
Amount for such Distribution Date, less the portion of such Principal Distribution Amount distributed pursuant to all prior clauses, until
the related Certificate Balance is reduced to zero;

(xxi)        
Twenty-First, to the Holders of the Class F Certificates, up to an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to such Class, plus interest thereon at the Pass-Through Rate for such Class compounded monthly from
the date each related Realized Loss was allocated to such Class;

(xxii)     
      Twenty-Second, to the Holders of the Class G Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount of that Class;

(xxiii)   
Twenty-Third, after the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5,
Class A-SB, Class A-S, Class B, Class C, Class D, Class E and Class F Certificates have been reduced
to zero, to the Holders of the Class G Certificates, in reduction of the related Certificate Balance, up to an amount equal to the Principal
Distribution Amount for such Distribution Date, less the portion of such Principal Distribution Amount distributed pursuant to all prior
clauses, until the related Certificate Balance is reduced to zero;

(xxiv)    
  Twenty-Fourth, to the Holders of the Class G Certificates, up to an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to such Class, plus interest thereon at the Pass-Through Rate for such Class compounded monthly from
the date each related Realized Loss was allocated to such Class;

(xxv)      
 Twenty-Fifth, to the Holders of the Class H Certificates, in respect of interest, up to an amount equal to the Interest
Distribution Amount of that Class;

(xxvi)    
Twenty-Sixth, after the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5,
Class A-SB, Class A-S, Class B, Class C, Class D, Class E, Class F and Class G Certificates have been
reduced to zero, to the Holders of the Class H Certificates, in reduction of the related Certificate Balance, up to an amount equal to
the Principal Distribution Amount for such

    	 	- 343 -	 

     

    

Distribution Date, less the portion of
such Principal Distribution Amount distributed pursuant to all prior clauses, until the related Certificate Balance is reduced to zero;

(xxvii) 
       Twenty-Seventh, to the Holders of the Class H Certificates, up to an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to such Class, plus interest thereon at the Pass-Through Rate for such Class compounded monthly from
the date each related Realized Loss was allocated to such Class; and

(xxviii)  
 Last, to the Holders of the Class R Certificates in respect of the Upper-Tier Residual Interest, in the amount
of any remaining portion of the Non-Vertically Retained Available Funds for such Distribution Date on deposit in the Upper-Tier REMIC
Distribution Account.

Notwithstanding the foregoing,
on each Distribution Date occurring on and after the Cross-Over Date, in place of the allocation of principal payments described in
clause (ii) above, remaining Non-Vertically Retained Available Funds at such level shall be distributed up to an amount equal to
the Principal Distribution Amount for such Distribution Date to the respective Holders of Class A-1, Class A-2, Class
A-4, Class A-5 and Class A-SB Certificates, pro rata, based on their respective Certificate Balances, in reduction
of their respective Certificate Balances (and the schedule for the Class A-SB principal distributions shall be disregarded). Any
remaining Non-Vertically Retained Available Funds will then be allocated as provided in clauses (iii) through (xxviii) above.

All distributions of interest
made in respect of a Class of the Class X Certificates on any Distribution Date pursuant to this Section 4.01(b),
shall be deemed to have been made: (x) if there is only one Component of such Class, in respect of such Component; and (y) if
there are multiple Components of such Class, in respect of all such Components, pro rata in accordance with the respective amounts
of interest that would be payable on such Components on such Distribution Date based on one-twelfth of the Class X Strip Rate
of each such Component multiplied by its respective Component Notional Amount, reduced by its share of any Excess Prepayment Interest
Shortfall with respect to the Mortgage Pool for such Distribution Date, together with any amounts thereof remaining unpaid from previous
Distribution Dates.

(c)               
On each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier REMIC Distribution Account the
amounts on deposit therein, to the extent of the Combined VRR Available Funds for such Distribution Date, and shall distribute such amounts
to the Uncertificated VRR Interest Owner, the Holders of the Class VRR Certificates and the Class R Certificates in accordance with the
following paragraph. In connection therewith, for federal income tax purposes, the amounts distributed with respect to the Uncertificated
VRR Interest and the Class VRR Certificates on any Distribution Date in accordance with the following paragraph shall be deemed to have
first been transferred to the Grantor Trust in respect of the Class VRR Upper-Tier Regular Interest for the following purposes and in
the following order of priority:

    	 	- 344 -	 

     

    

(i)                
     First, to make distributions of interest on the Class VRR Upper-Tier Regular Interest, up to an amount equal to
the VRR Interest Distribution Amount for such Distribution Date;

(ii)             
         Second, to make distributions in reduction of the Certificate Balance of the Class VRR Upper-Tier Regular Interest,
up to an amount equal to the VRR Principal Distribution Amount for such Distribution Date, until the outstanding Certificate Balance of
the Class VRR Upper-Tier Regular Interest has been reduced to zero; and

(iii)                  
Third, to reimburse (with interest) prior write-offs of the Certificate Balance of the Class VRR Upper-Tier
Regular Interest, up to an amount equal to the unreimbursed Realized Losses previously allocated to the Class VRR Upper-Tier
Regular Interest, plus interest in an amount equal to the VRR Realized Loss Interest Distribution Amount for such Distribution Date.

On each Distribution Date,
the Certificate Administrator shall apply the Combined VRR Available Funds for such Distribution Date to make distributions to the Uncertificated
VRR Interest Owner and the Holders of the Class VRR Certificates for the following purposes and in the following order of priority:

(i)                        
First, distributions of interest to the Holders of the Class VRR Certificates and the Uncertificated VRR Interest Owner,
pro rata based on the Certificate Balance of the Class VRR Certificates and the Uncertificated VRR Interest Balance, respectively,
up to an aggregate amount equal to the VRR Interest Distribution Amount for such Distribution Date;

(ii)                            
Second, distributions of principal to the Holders of the Class VRR Certificates and the Uncertificated VRR Interest Owner,
pro rata based on the Certificate Balance of the Class VRR Certificates and the Uncertificated VRR Interest Balance, respectively,
in reduction of such Certificate Balance and Uncertificated VRR Interest Balance, up to an aggregate amount equal to the VRR Principal
Distribution Amount for such Distribution Date, until the Combined VRR Interest Balance has been reduced to zero; and

(iii)                    
Third, reimbursements (with interest) of prior write-offs of the Combined VRR Interest Balance to the Holders of the Class
VRR Certificates and the Uncertificated VRR Interest Owner, pro rata based on the Certificate Balance of the Class VRR Certificates
and the Uncertificated VRR Interest Balance, respectively, up to an aggregate amount equal to the unreimbursed Realized Losses previously
allocated to the Combined VRR Interest, plus interest in an aggregate amount equal to the VRR Realized Loss Interest Distribution Amount
for such Distribution Date;

provided that, with respect to any Distribution Date, to the extent
that the Combined VRR Available Funds for such Distribution Date exceeds the distributions to the Uncertificated VRR Interest Owner and
the Holders of the Class VRR Certificates on such Distribution Date pursuant

    	 	- 345 -	 

     

    

to the immediately preceding clauses (i) through (iii), the Certificate
Administrator shall distribute such excess to the Holders of the Class R Certificates in respect of the Upper-Tier Residual Interest.

 

The right to payment of Holders
of the Class VRR Certificates is pro rata and pari passu with the right to payment of the Uncertificated VRR Interest Owner. On each Distribution
Date, any Combined VRR Available Funds, any Appraisal Reduction Amounts, Yield Maintenance Charges, Prepayment Interest Shortfalls, and
Excess Interest allocated to the Combined VRR Interest shall be allocated to the Class VRR Certificates and the Uncertificated VRR Interest
pro rata (based on the Certificate Balance of the Class VRR Certificates and the Uncertificated VRR Interest Balance, respectively). In
addition, any applicable Realized Losses allocated to the Combined VRR Interest shall be allocated between the Class VRR Certificates,
on the one hand, and the Uncertificated VRR Interest, on the other hand, pro rata in accordance with the Certificate Balance of the Class
VRR Certificates and the Uncertificated VRR Interest Balance, respectively.

 

(d)              
On each Distribution Date, until the Notional Amounts of the Class X-A and Class X-D Certificates and the Certificate
Balances of the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B,
Class C, Class D and Class E Certificates have been reduced to zero, amounts on deposit in the Upper-Tier REMIC Distribution
Account that represent the Non-Vertically Retained Percentage of each Yield Maintenance Charge (such portion of any Yield Maintenance
Charge, a “Non-Vertically Retained Yield Maintenance Charge”) collected on the Mortgage Loans during the related
Collection Period (or, in the case of any Outside Serviced Mortgage Loan(s), that accompanied a Principal Prepayment included in the Aggregate
Available Funds for such Distribution Date) shall be distributed by the Certificate Administrator to the Holders of the respective Classes
of Non-Vertically Retained Regular Certificates (excluding the Class X-F, Class X-G, Class X-H, Class F, Class G and Class H Certificates)
as follows: (A) first such Non-Vertically Retained Yield Maintenance Charge shall be allocated between (i) the group (the “YM
Group A”) of the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB and Class X-A
Certificates, (ii) the group (the “YM Group A-S“) comprised solely of the Class A-S Certificates, (iii) the group
(the “YM Group B”) comprised solely of the Class B Certificates, (iv) the group (the “YM Group C”)
comprised solely of the Class C Certificates and (v) the group (the “YM Group DE” and, collectively with the YM Group
A, the YM Group A-S, the YM Group B and the YM Group C, the “YM Groups”) of the Class X-D, Class D and
Class E Certificates, pro rata based on the aggregate amount of principal distributed with respect to the Class or Classes
of Non-Vertically Retained Principal Balance Certificates in each YM Group on such Distribution Date, and (B) then, the portion
of such Non-Vertically Retained Yield Maintenance Charge allocated to each YM Group shall be further allocated as among the Classes
of Non-Vertically Retained Regular Certificates in such YM Group, in the following manner: (1) each Class of Non-Vertically
Retained Principal Balance Certificates in such YM Group shall entitle the applicable Certificateholders to receive on the applicable
Distribution Date that portion of such Non-Vertically Retained Yield Maintenance Charge equal to the product of (x) a fraction,
the numerator of which is the amount distributed as principal to such Class of Non-Vertically Retained Principal Balance Certificates
on such Distribution Date, and the

    	 	- 346 -	 

     

    

denominator of which is the total amount
of principal distributed to all of the Non-Vertically Retained Principal Balance Certificates in such YM Group on such Distribution Date,
(y) the Base Interest Fraction for the related Principal Prepayment and such Class of Non-Vertically Retained Principal Balance
Certificates and (z) the portion of such Non-Vertically Retained Yield Maintenance Charge allocated to such YM Group; and (2)
any portion of such Non-Vertically Retained Yield Maintenance Charge allocated to such YM Group on any Distribution Date and remaining
after such distributions with respect to the Non-Vertically Retained Principal Balance Certificates contemplated by the preceding clause (1)
shall be distributed to the Class of Class X Certificates in such YM Group (or, in the case of any of YM Group A-S, YM Group
B and YM Group C, to the sole Class of Non-Vertically Retained Principal Balance Certificates comprising such YM Group). If there is more
than one Class of Non-Vertically Retained Principal Balance Certificates in any YM Group entitled to distributions of principal on
any particular Distribution Date on which Non-Vertically Retained Yield Maintenance Charges collected on the Mortgage Loans are distributable
to such Classes, then the aggregate portion of such Non-Vertically Retained Yield Maintenance Charges allocated to such YM Group shall
be allocated among all such Classes of Non-Vertically Retained Principal Balance Certificates up to, and on a pro rata basis in
accordance with, their respective entitlements in those Non-Vertically Retained Yield Maintenance Charges in accordance with the preceding
sentence.

Notwithstanding the foregoing
provisions of this Section 4.01(d), on each Distribution Date after the Class X-A Notional Amount and the Class X-D
Notional Amount and the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB,
Class A-S, Class B, Class C, Class D and Class E Certificates have been reduced to zero, all amounts on deposit
in the Upper-Tier REMIC Distribution Account that represent Non-Vertically Retained Yield Maintenance Charges collected on the
Mortgage Loans during the related Collection Period (or, in the case of any Outside Serviced Mortgage Loan(s), that accompanied a Principal
Prepayment included in the Aggregate Available Funds for such Distribution Date) shall be distributed by the Certificate Administrator
to the Holders of the Class F, Class G and Class H Certificates (collectively, the “Subordinate YM Certificates”) as
follows: each such Class of Subordinate YM Certificates shall entitle the applicable Certificateholders to receive on the applicable
Distribution Date that portion of such Non-Vertically Retained Yield Maintenance Charge equal to the product of (x) a fraction,
the numerator of which is the amount distributed as principal to such Class of Subordinate YM Certificates on such Distribution Date,
and the denominator of which is the total amount of principal distributed to all of the Subordinate YM Certificates on such Distribution
Date, multiplied by (y) the total amount of Non-Vertically Retained Yield Maintenance Charges to be distributed on such Distribution
Date. If there is more than one Class of Subordinate YM Certificates entitled to distributions of principal on any particular Distribution
Date on which the Non-Vertically Retained Yield Maintenance Charges are distributable to such Classes, then the aggregate amount of
such Non-Vertically Retained Yield Maintenance Charges shall be allocated among all such Classes of Subordinate YM Certificates entitled
to distributions of principal up to, and on a pro rata basis in accordance with, their respective entitlements in those Non-Vertically
Retained Yield Maintenance Charges in accordance with the preceding sentence of this paragraph.

    	 	- 347 -	 

     

    

On each Distribution Date,
amounts on deposit in the Upper-Tier REMIC Distribution Account that represent the Vertically Retained Percentage of each Yield Maintenance
Charge collected on the Mortgage Loans during the related Collection Period (or, in the case of any Outside Serviced Mortgage Loan(s),
that accompanied a Principal Prepayment included in the Aggregate Available Funds for such Distribution Date) shall be distributed by
the Certificate Administrator to the Holders of the Class VRR Certificates and the Uncertificated VRR Interest Owner, pro rata
based on the Certificate Balance of the Class VRR Certificates and the Uncertificated VRR Interest Balance, respectively, with such distribution
to be deemed made through the Grantor Trust.

On any Distribution Date,
any Yield Maintenance Charges collected in respect of the Trust Subordinate Companion Loan during the related Collection Period will be
required to be distributed by the Certificate Administrator to the Holders of each Class of the Yorkshire & Lexington Towers Loan-Specific
Principal Balance Certificates, on a pro rata and pari passu basis, in an amount equal to the product of (i) a fraction, the numerator
of which is the total amount of principal distributed to such Class of the Yorkshire & Lexington Towers Loan-Specific Principal
Balance Certificates on such Distribution Date and the denominator of which is the total amount of principal distributed to the Holders
of all the Yorkshire & Lexington Towers Loan-Specific Principal Balance Certificates on such Distribution Date, and (ii) the Yorkshire
& Lexington Towers Base Interest Fraction for the related Principal Prepayment and such Class of Yorkshire & Lexington Towers
Loan-Specific Principal Balance Certificates and (iii) the amount of such Yield Maintenance Charges.

Any portion of a Yield Maintenance
Charge that is distributed to Holders of the Non-Vertically Retained Regular Certificates on any Distribution Date shall be deemed
to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of the Lower-Tier Regular Interests
(exclusive of the Class LVRR Lower-Tier Regular Interest) then receiving a principal distribution, pro rata, based on
the respective amounts of those principal distributions. Any portion of a Yield Maintenance Charge that is distributed to the Holders
of the Class VRR Certificates and the Uncertificated VRR Interest Owner on any Distribution Date shall be deemed to have first been distributed
from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of the Class LVRR Lower-Tier Regular Interest, and then
from the Upper-Tier REMIC to the Grantor Trust in respect of the Class VRR Upper-Tier Regular Interest. Any portion of a
Yield Maintenance Charge that is distributed to Holders of any Class of Loan-Specific Certificates on any Distribution Date shall
be deemed to have first been distributed from the Trust Subordinate Companion Loan REMIC to the Upper-Tier REMIC in respect of its
Corresponding Trust Subordinate Companion Loan Regular Interest set forth in the Preliminary Statement hereto.

(e)                  On
each Master Servicer Remittance Date, the Certificate Administrator shall determine if the Non-Vertically Retained Available Funds for
such Distribution Date (determined without regard to the inclusion of any Excess Liquidation Proceeds therein) would be sufficient to
pay all interest and principal due and owing to, and to reimburse (with interest thereon) all previously allocated applicable Realized
Losses reimbursable to, the Holders of the Non-Vertically Retained Regular Certificates on such Distribution Date pursuant to Section 4.01(b).
If the Certificate Administrator determines that such Non-Vertically Retained Available Funds (as so determined) would not be sufficient
to make such payments and reimbursements, then the Certificate Administrator shall withdraw

    	 	- 348 -	 

     

    

from the Excess Liquidation Proceeds
Reserve Account and deposit in the Lower-Tier REMIC Distribution Account on the applicable Master Servicer Remittance Date an amount
(to be included in the Aggregate Available Funds for the related Distribution Date for allocation between the Combined VRR Interest and
the Non-Vertically Retained Regular Certificates) equal to the lesser of (i) all amounts then on deposit in the Excess Liquidation
Proceeds Reserve Account and (ii) the sum of (A) the amount of the applicable insufficiency in such Non-Vertically Retained Available
Funds and (B) the Vertical Risk Retention Allocation Percentage of the amount described in the immediately preceding sub-clause (A).
The Certificate Administrator may also withdraw funds from the Excess Liquidation Proceeds Reserve Account in order to make distributions
to the Holders of the Class R Certificates in accordance with the last sentence of Section 3.05(c) of this Agreement.

(f)                   On
each Distribution Date, following all distributions to be made on such date, the Certificate Balance of each Class of Non-Vertically
Retained Principal Balance Certificates shall be reduced without distribution, as a write-off, to the extent of any applicable Realized
Loss allocated to such Class of Certificates, on such Distribution Date. On each Distribution Date, any applicable Realized Loss
with respect to the Non-Vertically Retained Principal Balance Certificates for such Distribution Date shall be allocated to the following
Classes of Non-Vertically Retained Principal Balance Certificates in the following order, until the Certificate Balance of each such
Class of Certificates is reduced to zero: first, to the Class H Certificates; second, to the Class G Certificates;
third, to the Class F Certificates; fourth, to the Class E Certificates; fifth, to the Class D Certificates;
sixth, to the Class C Certificates; seventh, to the Class B Certificates; eighth, to the Class A-S
Certificates; and, finally, pro rata to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates,
(iii) Class A-4 Certificates; (iv) Class A-5 Certificates and (v) Class A-SB Certificates based on their
respective Certificate Balances.

On each Distribution Date,
following all distributions to be made on such date, any applicable Realized Loss for such Distribution Date shall be allocated to the
Class VRR Upper-Tier Regular Interest; and, in connection therewith, the Certificate Balance of the Class VRR Upper-Tier Regular Interest
will be reduced without distribution, as a write-off, to the extent of such applicable Realized Loss. If any applicable Realized Loss
is so allocated to the Class VRR Upper-Tier Regular Interest on any Distribution Date, then such applicable Realized Loss shall, in turn,
be allocated to the Combined VRR Interest in reduction of the Certificate Balance of the Class VRR Certificates and the Uncertificated
VRR Interest Balance of the Uncertificated VRR Interest (pro rata based on the relative sizes thereof) without distribution, as
a write-off, to the extent of such applicable Realized Loss until the Combined VRR Interest Balance is reduced to zero.

On each Distribution Date,
following the deemed distributions of principal or in reimbursement (with interest) of previously allocated applicable Realized Losses
deemed made in respect of the Lower-Tier Regular Interests pursuant to Section 4.01(a)(ii), the Lower-Tier Principal
Balance of each Lower-Tier Regular Interest (after taking account of such deemed distributions) shall be deemed reduced as a
result of applicable Realized Losses, to equal the Certificate Balance of its Corresponding Certificates (or, in the case of the Class
LVRR Lower

    	 	- 349 -	 

     

    

Tier Regular Interest, the Certificate Balance
of the Class VRR Upper Tier Regular Interest) that will be outstanding immediately following such Distribution Date.

The Notional Amount of the
Class X-A Certificates and the Component Notional Amounts of the Class X-A Components will be reduced to reflect reductions
of the Certificate Balances of the Class A-1, Class A-2, Class A-4, Class A-5 and Class A-SB Certificates
and of the Lower-Tier Principal Balances of the Class LA-1, Class LA-2, Class LA-4, Class LA-5 and
Class LA-SB Lower-Tier Regular Interests, in any event resulting from allocations of applicable Realized Losses. The Notional
Amount of the Class X-D Certificates and the Component Notional Amounts of the Class X-D Components will be reduced
to reflect reductions of the Certificate Balances of the Class D and Class E Certificates and of the Lower-Tier Principal
Balances of the Class LD and Class LE Lower-Tier Regular Interests, in any event resulting from allocations of applicable
Realized Losses. The Notional Amount of the Class X-F Certificates and the Component Notional Amount of the Class X-F Component will be
reduced to reflect reductions of the Certificate Balance of the Class F Certificates and of the Lower Tier Principal Balance of the Class
LF Lower Tier Regular Interest, in any event resulting from allocations of applicable Realized Losses. The Notional Amount of the Class
X-G Certificates and the Component Notional Amount of the Class X-G Component will be reduced to reflect reductions of the Certificate
Balance of the Class G Certificates and of the Lower Tier Principal Balance of the Class LG Lower Tier Regular Interest, in any event
resulting from allocations of applicable Realized Losses. The Notional Amount of the Class X-H Certificates and the Component Notional
Amount of the Class X-H Component will be reduced to reflect reductions of the Certificate Balance of the Class H Certificates and of
the Lower Tier Principal Balance of the Class LH Lower Tier Regular Interest, in any event resulting from allocations of applicable Realized
Losses.

The Certificate Balance of
each Class of Yorkshire & Lexington Towers Loan-Specific Principal Balance Certificates shall be reduced without distribution on any
Distribution Date, as a write off, to the extent of any applicable Realized Loss allocated to such Class of Yorkshire & Lexington
Towers Loan-Specific Principal Balance Certificates, on such Distribution Date. On each Distribution Date, any applicable Realized Loss
with respect to the Yorkshire & Lexington Towers Loan-Specific Principal Balance Certificates for such Distribution Date shall be
allocated to the respective Classes of Yorkshire & Lexington Towers Loan-Specific Principal Balance Certificates in the following
order, until the Certificate Balance of each such Class of Yorkshire & Lexington Towers Loan-Specific Principal Balance Certificates
is reduced to zero: first, to the Class YLRR Certificates; second, to the Class YL-D Certificates; third, to
the Class YL-C Certificates; fourth, to the Class YL-B Certificates; and fifth, to the Class YL-A Certificates.

On each Distribution Date,
following the deemed distributions of principal or in reimbursement (with interest) of previously allocated applicable Realized Losses
deemed made in respect of the Trust Subordinate Companion Loan Regular Interests pursuant to Section 4.01(a)(iii), the Trust Subordinate
Companion Loan Principal Balance of each Trust Subordinate Companion Loan Regular Interest (after taking account of such deemed distributions)
shall be deemed reduced as a result of applicable Realized Losses allocated to its Corresponding Certificates, to equal the Certificate
Balance of its Corresponding Certificates that will be outstanding immediately following such Distribution Date.

    	 	- 350 -	 

     

    

(g)                             Distributions
in reimbursement of applicable Realized Losses previously allocated to the respective Classes of the Non-Vertically Retained Principal
Balance Certificates and deemed distributions in reimbursement of applicable Realized Losses previously allocated to the Class VRR
Upper-Tier Regular Interest shall be made in the amounts and manner specified in Section 4.01(b) or Section 4.01(c),
as applicable. If and to the extent that any Nonrecoverable Advances (plus interest thereon) that were reimbursed from principal collections
on the Mortgage Loans (including REO Mortgage Loans) and previously resulted in a reduction of the Aggregate Principal Distribution Amount
are subsequently recovered on the related Mortgage Loan or REO Property, then (on the Distribution Date related to the Collection Period
during which the recovery occurred): (i) the Non-Vertically Retained Percentage of the amount of such recovery will be added
to the Certificate Balance(s) of the Class or Classes of Non-Vertically Retained Principal Balance Certificates that previously
were allocated applicable Realized Losses, in the same sequential order as distributions pursuant to Section 4.01(b) of
this Agreement, in each case up to the lesser of (A) the unallocated portion of the Non-Vertically Retained Percentage of the amount
of such recovery and (B) the amount of the unreimbursed Realized Losses previously allocated to the subject Class of Non-Vertically
Retained Principal Balance Certificates, and the Interest Shortfall with respect to each affected Class of Non-Vertically
Retained Regular Certificates for the next Distribution Date will be increased by the aggregate amount of interest that would have accrued
through the then current Distribution Date if the restored write-down for such reimbursed Class of Non-Vertically Retained
Principal Balance Certificates had never been written down; and (ii) the Vertically Retained Percentage of the amount of such recovery
will be added to the Certificate Balance of the Class VRR Upper-Tier Regular Interest (and, accordingly, to the Combined VRR
Interest Balance of the Combined VRR Interest, with such increase allocable between the Certificate Balance of the Class VRR Certificates
and the Uncertificated VRR Interest Balance, pro rata based on the relative sizes thereof) up to the lesser of (A) the Vertically
Retained Percentage of the amount of such recovery and (B) the amount of the unreimbursed applicable Realized Losses previously allocated
to the Class VRR Upper-Tier Regular Interest (and, accordingly, the Combined VRR Interest), and the interest payable on the
Class VRR Upper-Tier Regular Interest (and, accordingly, the Combined VRR Interest) will be deemed increased by the Vertical
Risk Retention Allocation Percentage of any contemporaneous increases in interest payable on the Non-Vertically Retained Regular
Certificates pursuant to clause (i) of this sentence (which such increase shall accordingly be allocated to the Class VRR Certificates
and the Uncertificated VRR Interest pro rata, based on the Certificate Balance of the Class VRR Certificates and the Uncertificated
VRR Interest Balance, respectively). To the extent that the Certificate Balance of, and/or any interest payable on, any Class of
Non-Vertically Retained Regular Certificates or any Component thereof or the Class VRR Upper-Tier Regular Interest is so increased
or deemed increased, an identical increase shall be deemed made to the Lower-Tier Principal Balance of, and any interest payable
on, the Corresponding Lower-Tier Regular Interest. If the Certificate Balance of the Class VRR Upper-Tier Regular Interest is increased
as contemplated above in this paragraph, then the Combined VRR Interest Balance of the Combined VRR Interest shall be increased by such
increase in the Certificate Balance of the Class VRR Upper-Tier Regular Interest (which such increase shall accordingly be allocated
to the Class VRR Certificates and the

    	 	- 351 -	 

     

    

Uncertificated VRR Interest pro rata,
based on the Certificate Balance of the Class VRR Certificates and the Uncertificated VRR Interest Balance, respectively). If the Certificate
Balance of any Class of Non-Vertically Retained Principal Balance Certificates or the Class VRR Upper-Tier Regular Interest (or the Combined
VRR Interest Balance of the Combined VRR Interest or the Lower-Tier Principal Balance of any Lower-Tier Regular Interest) is so
increased, the amount of unreimbursed applicable Realized Losses in respect of such Class of Non-Vertically Retained Principal Balance
Certificates or the Class VRR Upper-Tier Regular Interest (or the Combined VRR Interest or such Lower-Tier Regular Interest), as the
case may be, shall be decreased by such amount, and any interest accrued on the amount of unreimbursed applicable Realized Losses so decreased
shall be deemed not to exist.

Distributions in reimbursement
of Realized Losses previously allocated to the respective Classes of the Loan-Specific Certificates shall be made in the amounts and manner
specified in Section 4.01(m). If and to the extent that any Nonrecoverable Advances (plus interest on such Nonrecoverable Advances)
that were reimbursed from principal collections on the Yorkshire & Lexington Towers Trust Subordinate Companion Loan (including any
successor REO Companion Loan with respect thereto) and previously resulted in a reduction of the Yorkshire & Lexington Towers Principal
Distribution Amount are subsequently recovered on the Yorkshire & Lexington Towers Trust Subordinate Companion Loan or related REO
Property, then (on the Distribution Date related to the Collection Period during which the recovery occurred): (i) the amount of such
recovery shall be added to the Certificate Balance(s) of the Class or Classes of Loan-Specific Certificates that previously were allocated
applicable Realized Losses, in the same sequential order as distributions pursuant to Section 4.01(m) of this Agreement, in each
case up to the lesser of (A) the unallocated portion of the amount of such recovery and (B) the amount of the unreimbursed applicable
Realized Losses previously allocated to the subject Class of Loan-Specific Certificates, and (ii) the Yorkshire & Lexington Towers
Interest Shortfall with respect to each affected Class of Loan-Specific Certificates for the next Distribution Date shall be increased
by the amount of interest that would have accrued through the then current Distribution Date if the restored write down for the reimbursed
Class of Loan-Specific Certificates had never been written down. To the extent that the Certificate Balance of, and/or any interest payable
on, any Class of Loan-Specific Certificates is so increased or deemed increased, an identical increase shall be deemed made to the Yorkshire
& Lexington Towers Principal Balance of, and any interest payable on, the Corresponding Yorkshire & Lexington Towers Regular Interest.
If the Certificate Balance of any Class of Loan-Specific Certificates (or the Yorkshire & Lexington Towers Principal Balance of any
Yorkshire & Lexington Towers Regular Interest) is increased as contemplated above in this paragraph, then the amount of unreimbursed
applicable Realized Losses in respect of such Class of Loan-Specific Certificates (or such Yorkshire & Lexington Towers Regular Interest)
shall be decreased by such amount, and any interest accrued on the amount of such unreimbursed applicable Realized Losses so decreased
shall be deemed not to exist.

(h)                All
amounts distributable, or reductions allocable on account of applicable Realized Losses, to a Class of Certificates or Loan-Specific
Certificates, as applicable, pursuant to this Section 4.01 on each Distribution Date shall be allocated pro rata among
the outstanding Certificates or Loan-Specific Certificates, as applicable, in each such Class based on their respective Percentage Interests.
All distributions on each Class of Certificates or Loan-Specific Certificates or the Uncertificated VRR Interest pursuant to

    	 	- 352 -	 

     

    

this Section 4.01 shall be made
by the Certificate Administrator on each Distribution Date other than the Termination Date to each related Trust Interest Owner of record
at the close of business on the related Record Date by wire transfer of immediately available funds to the account of such Trust Interest
Owner at a bank or other entity located in the United States and having appropriate facilities to accept such funds, if such Trust Interest
Owner has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days prior to the related
Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions), or otherwise
by check mailed to such Trust Interest Owner. The final distribution on each Certificate, each Loan-Specific Certificate or the Uncertificated
VRR Interest shall be made in like manner, but in the case of a Certificate or Loan-Specific Certificate, only upon presentation and surrender
of such Certificate or Loan-Specific Certificate, as applicable, and in the case of the Uncertificated VRR Interest, only upon delivery
of a written instrument acknowledging surrender of and final distribution on the Uncertificated VRR Interest, at the office of the Certificate
Administrator or its agent (which may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in
a notice to Trust Interest Owners of the pendency of the final distribution. The Certificate Administrator shall be responsible for making
all distributions on the Certificates, the Loan-Specific Certificates and the Uncertificated VRR Interest contemplated hereunder.

(i)                
Except as otherwise provided in Section 9.01 with respect to an Anticipated Termination Date, the Certificate Administrator
shall, no later than the fifteenth day of the month preceding the month in which the final distribution with respect to any Trust Interest
is expected to be made (or, if the Certificate Administrator has not received notice of such Anticipated Termination Date by such time,
promptly following the Certificate Administrator’s receipt of such notice), mail to each Trust Interest Owner, on such date a notice
to the effect that:

(i)                
   the Certificate Administrator reasonably expects based upon information previously provided to it that the final distribution with
respect to such Trust Interest will be made on such Distribution Date, but in the case of Certificates or Loan-Specific Certificates only
upon presentation and surrender of such Certificates or Loan-Specific Certificates, as applicable, and in the case of the Uncertificated
VRR Interest, only upon delivery of a written instrument acknowledging surrender of and final distribution on the Uncertificated VRR Interest,
at the office of the Certificate Administrator therein specified, and

(ii)                      
if such final distribution is made on such Distribution Date, no interest shall accrue on such Class of Certificates or Loan-Specific
Certificates, the Uncertificated VRR Interest or the Class VRR Upper-Tier Regular Interest, or on the Corresponding Lower-Tier Regular
Interest or Corresponding Trust Subordinate Companion Loan Regular Interest, as applicable, from and after such Distribution Date; provided,
however, that the Class R Certificates shall remain outstanding until there is no other Class of Certificates outstanding.

Any funds not distributed
to any Holder or Holders of Certificates of such Class or to the Uncertificated VRR Interest Owner on such Distribution Date because of
the failure of such

    	 	- 353 -	 

     

    

Holder or Holders to tender their Certificates
or Loan-Specific Certificates or the failure of the Uncertificated VRR Interest Owner to deliver the instrument contemplated in clause
(i) of the first paragraph of this Section 4.01(i) shall, on such date, be set aside and held in trust for the benefit of the appropriate
non-tendering Holder or Holders or Uncertificated VRR Interest Owner. If any Trust Interest as to which notice has been given pursuant
to this Section 4.01(i) shall not have been surrendered for cancellation within six (6) months after the time specified in
such notice, the Certificate Administrator shall mail a second notice to the remaining non-tendering Trust Interest Owners to surrender
their Trust Interests for cancellation to receive the final distribution with respect thereto. If within one year after the second notice
not all of such Trust Interests shall have been surrendered for cancellation, the Certificate Administrator may, directly or through an
agent, take appropriate steps to contact the remaining non-tendering Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of holding such funds in trust and of contacting such Trust Interest Owners shall be paid out of such funds. Subject
to applicable state law with respect to escheatment of funds, if within two years after the second notice any such Trust Interests shall
not have been surrendered for cancellation, the Paying Agent shall pay to the Certificate Administrator all amounts distributable to the
Trust Interest Owners thereof, and the Certificate Administrator shall thereafter hold such amounts for the benefit of such Trust Interest
Owners until the earlier of (i) its termination as Certificate Administrator hereunder and the transfer of such amounts to a successor
Certificate Administrator and (ii) the termination of the Trust Fund and distribution of such amounts to the Class R Certificateholders.
No interest shall accrue or be payable to any Trust Interest Owner on any amount held in trust hereunder or by the Certificate Administrator
as a result of such Trust Interest Owner’s failure to surrender its Certificate(s) or the Uncertificated VRR Interest Owner’s
failure to surrender its Trust Interest, for final payment thereof in accordance with this Section 4.01(i). Any funds not
distributed on such Distribution Date shall be set aside and held uninvested in trust for the benefit of Trust Interest Owners not presenting
and surrendering their Trust Interests in the aforesaid manner.

(j)                
The Non-Vertically Retained Percentage of the Excess Prepayment Interest Shortfall, if any, with respect to the Mortgage Pool
for each Distribution Date will be allocated among the various Classes of Non-Vertically Retained Regular Certificates, pro rata,
based upon the respective Interest Accrual Amounts with respect to such Classes of Non-Vertically Retained Regular Certificates for
such Distribution Date, and the Vertically Retained Percentage of the Excess Prepayment Interest Shortfall, if any, for each Distribution
Date will be deemed allocated to the Class VRR Upper-Tier Regular Interest (and, accordingly, the Combined VRR Interest; and
will, in turn, be deemed allocated to the Class VRR Certificates and the Uncertificated VRR Interest, pro rata, based on the Certificate
Balance of the Class VRR Certificates and the Uncertificated VRR Interest Balance, respectively). The portion of any Excess Prepayment
Interest Shortfall for any Distribution Date so allocable to a Class of Class X Certificates shall, in turn, be allocated among
the various Components of such Class of Class X Certificates, pro rata, based upon the respective amounts of Accrued
Component Interest with respect to such Components for such Distribution Date. The portion of any Excess Prepayment Interest Shortfall
for any Distribution Date so allocated to any Class of Non-Vertically Retained Principal Balance Certificates, the Class VRR
Upper-Tier Regular Interest or any Component of a Class of Class X Certificates shall be deemed to have first been allocated
to the Corresponding Lower-Tier Regular Interest for such Class of Non-Vertically Retained

    	 	- 354 -	 

     

    

Principal Balance Certificates, the Class VRR
Upper-Tier Regular Interest or such Component, as applicable.

The Excess Prepayment Interest
Shortfall, if any, with respect to the Yorkshire & Lexington Towers Trust Subordinate Companion Loan for each Distribution Date will
be allocated among the various Classes of Loan-Specific Certificates, pro rata, based upon the respective Yorkshire & Lexington
Towers Interest Accrual Amounts with respect to such Classes of Loan-Specific Certificates for such Distribution Date. The portion of
any Excess Prepayment Interest Shortfall with respect to the Yorkshire & Lexington Towers Trust Subordinate Companion Loan for any
Distribution Date so allocated to any Class of Loan-Specific Certificates shall be deemed to have first been allocated to the Corresponding
Yorkshire & Lexington Towers Regular Interest for such Class of Loan-Specific Certificates.

(k)                  On
each Distribution Date, the Certificate Administrator shall withdraw from the Excess Interest Distribution Account any amounts on deposit
therein that represent Excess Interest received during the related Collection Period (or, in the case of an ARD Mortgage Loan that is
an Outside Serviced Mortgage Loan, received as of the close of business on the Business Day immediately preceding the related Master
Servicer Remittance Date and not previously distributed) with respect to the ARD Mortgage Loans and shall distribute such Excess Interest:
(i) to the Holders of the Class S Certificates in an amount equal to the Non-Vertically Retained Percentage of such Excess
Interest; and (ii) to the Holders of the Class VRR Certificates and the Uncertificated VRR Interest Owner, pro rata based
on the Certificate Balance of the Class VRR Certificates and the Uncertificated VRR Interest Balance, respectively, in an amount equal
to the Vertically Retained Percentage of such Excess Interest.

(l)                   The
various amounts distributable on any Class of Certificates on any Distribution Date pursuant to multiple subsections of, or multiple
clauses of any subsection of, this Section 4.01 shall be so distributed in a single, aggregate distribution to the Holders
of such Class of Certificates on such Distribution Date.

(m)              
On each Distribution Date, the Certificate Administrator will apply amounts on deposit in the Upper-Tier REMIC Distribution
Account, to the extent of the related Trust Subordinate Companion Loan Available Funds, in the following order of priority:

(i)                  First,
to the Holders of the Class YL-A Certificates, in respect of interest, up to an amount equal to the Yorkshire & Lexington
Towers Interest Distribution Amount for such Class;

(ii)                  Second, to the Holders of the Class YL-A Certificates, in reduction of the Certificate Balance thereof, in an amount
up to the Yorkshire & Lexington Towers Principal Distribution Amount for such Distribution Date, until the Certificate Balance of
the Class YL-A Certificates has been reduced to zero;

(iii)           
Third, to the Holders of the YL-A Certificates, up to an amount equal to the aggregate of applicable unreimbursed Realized
Losses previously allocated to such Class;

    	 	- 355 -	 

     

    

(iv)            
Fourth, to the Holders of the Class YL-B Certificates, in respect of interest, up to an amount equal to the Yorkshire
& Lexington Towers Interest Distribution Amount for such Class;

(v)               Fifth,
to the Holders of the Class YL-B Certificates, in reduction of the Certificate Balance thereof, in an amount up to the Yorkshire
& Lexington Towers Principal Distribution Amount for such Distribution Date less the portion of such Yorkshire & Lexington Towers
Principal Distribution Amount distributed pursuant to all prior clauses, until the Certificate Balance of such Class is reduced
to zero;

(vi)            
Sixth, to the Holders of the Class YL-B Certificates, up to an amount equal to the aggregate of applicable unreimbursed
Realized Losses previously allocated to such Class;

(vii)         
Seventh, to the Holders of the Class YL-C Certificates, in respect of interest, up to an amount equal to the Yorkshire
& Lexington Towers Interest Distribution Amount for such Class;

(viii)       
   Eighth, to the Holders of the Class YL-C Certificates, in reduction of the Certificate Balance thereof, in an amount
up to the Yorkshire & Lexington Towers Principal Distribution Amount for such Distribution Date less the portion of such Yorkshire
& Lexington Towers Principal Distribution Amount distributed pursuant to all prior clauses, until the Certificate Balance of such
Class is reduced to zero;

(ix)            
  Ninth, to the Holders of the Class YL-C Certificates, up to an amount equal to the aggregate of applicable unreimbursed
Realized Losses previously allocated to such Class;

(x)              
Tenth, to the Holders of the Class YL-D Certificates, in respect of interest, up to an amount equal to the Yorkshire
& Lexington Towers Interest Distribution Amount for such Class;

(xi)                Eleventh,
to the Holders of the Class YL-D Certificates, in reduction of the Certificate Balance thereof, in an amount up to the Yorkshire
& Lexington Towers Principal Distribution Amount less the portion of such Yorkshire & Lexington Towers Principal Distribution
Amount distributed pursuant to all prior clauses, until the Certificate Balance of such Class is reduced to zero;

(xii)         
Twelfth, to the Holders of the Class YL-D Certificates, up to an amount equal to the aggregate of applicable unreimbursed
Realized Losses previously allocated to such Class;

(xiii)       
   Thirteenth, to the Holders of the Class YLRR Certificates, in respect of interest, up to an amount equal to the Yorkshire
& Lexington Towers Interest Distribution Amount for such Class;

    	 	- 356 -	 

     

    

(xiv)        
 Fourteenth, to the Holders of the Class YLRR Certificates, in reduction of the Certificate Balance thereof, in an
amount up to the Yorkshire & Lexington Towers Principal Distribution Amount less the portion of such Yorkshire & Lexington Towers
Principal Distribution Amount distributed pursuant to all prior clauses, until the Certificate Balance of such Class is reduced
to zero;

(xv)          
Fifteenth, to the Holders of the Class YLRR Certificates, up to an amount equal to the aggregate of applicable unreimbursed
Realized Losses previously allocated to such Class; and

(xvi)          
Sixteenth, to the Holders of the Class R Certificates in respect of the Upper-Tier Residual Interest, in the amount
of any remaining portion of the Trust Subordinate Companion Loan Available Funds for such Distribution Date on deposit in the Upper-Tier
REMIC Distribution Account.

Section 4.02             Statements
to Certificateholders and the Uncertificated VRR Interest Owner; Certain Reports by the Master Servicer and the Special Servicer.

(a)              
Based on loan-level information received from the Master Servicer and any other applicable Persons, on each Distribution Date,
the Certificate Administrator shall provide or make available a report, including reports in substantially the form attached hereto as
Exhibit D (the “Distribution Date Statement”), setting forth, among other things, the following information:

(A)            
the amount of distributions, if any, made on such Distribution Date to the holders of each Class of Principal Balance Certificates
and the Uncertificated VRR Interest Owner and applied to reduce the respective Certificate Balance thereof or the Uncertificated VRR Interest
Balance, as applicable;

(B)                the
amount of distributions, if any, made on such Distribution Date to the Holders of each Class of Certificates and the Uncertificated VRR
Interest Owner allocable to (A) an Interest Distribution Amount (or, if applicable, a portion of the VRR Interest Distribution
Amount), (B) Yield Maintenance Charges and (C) Excess Interest;

(C)             
the amount of any distributions made on such Distribution Date to the Holders of the Class R Certificates;

(D)                the
aggregate amount of outstanding P&I Advances with respect to each Mortgage Loan as of the related Determination Date, and the total
outstanding other or miscellaneous advances (excluding P&I Advances and tax and insurance advances) with respect to each Mortgage
Loan as of the related Determination Date;

(E)                 the
aggregate amount of Servicing Fees retained by or paid to the Master Servicer and Special Servicing Compensation retained by or

    	 	- 357 -	 

     

    

paid to the Special Servicer in respect
of the related Due Period, Collection Period or Interest Accrual Period, as applicable;

(F)              
the aggregate Stated Principal Balance of the Mortgage Loans immediately before and after such Distribution Date and the percentage
of the Cut-Off Date Balance of the Mortgage Loans which remains outstanding immediately after such Distribution Date;

(G)                 the
number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the outstanding
Mortgage Loans, at the close of business on the related Determination Date;

(H)             
as of the Determination Date, the number and aggregate unpaid principal balance of Mortgage Loans (A) delinquent one month, (B)
delinquent two months, (C) delinquent three months, (D) delinquent four months or more, (E) that are Specially Serviced Loans but are
not delinquent or (F) as to which foreclosure proceedings have been commenced;

(I)               
the aggregate Stated Principal Balance of Mortgage Loans as to which the related Mortgagor is subject or is expected to be subject
to a bankruptcy proceeding;

(J)                 with
respect to any Mortgage Loan as to which the related Mortgaged Property became an REO Property (including with respect to the Outside
Serviced Mortgage Loans) during the related Collection Period, the Stated Principal Balance and unpaid principal balance of such Mortgage
Loan as of the date such Mortgaged Property became an REO Property and the most recently determined Appraised Value and date upon which
the Appraisal was performed;

(K)             
as to any Mortgage Loan repurchased, substituted for or otherwise liquidated or disposed of during the related Collection Period,
the Loan Number thereof and the amount of any Liquidation Proceeds and/or other amounts, if any, received thereon during the related Collection
Period and the portion thereof included in the Aggregate Available Funds for such Distribution Date;

(L)               
with respect to any REO Property (including with respect to the Outside Serviced Mortgage Loans) included in the Trust Fund as
of the close of business on the last day of the related Collection Period, the Loan Number of the related Mortgage Loan, the book value
of such REO Property and the amount of any income collected with respect to such REO Property (net of related expenses) and other amounts,
if any, received on such REO Property during the related Collection Period and the portion thereof included in the Aggregate Available
Funds for such Distribution Date and

    	 	- 358 -	 

     

    

the most recently determined Appraised
Value and date upon which the Appraisal was performed;

(M)           
with respect to any REO Property (including with respect to the Outside Serviced Mortgage Loans) sold or otherwise disposed of
during the related Collection Period, the Loan Number of the related Mortgage Loan, and the amount of Liquidation Proceeds and other amounts,
if any, received in respect of such REO Property during the related Collection Period, the portion thereof included in the Aggregate Available
Funds for such Distribution Date and the balance of the Excess Liquidation Proceeds Reserve Account for such Distribution Date;

(N)                the
Interest Distribution Amount in respect of each Class of Non-Vertically Retained Regular Certificates for such Distribution
Date, and the VRR Interest Distribution Amount for such Distribution Date;

(O)                any
unpaid Interest Distribution Amount in respect of each Class of Non-Vertically Retained Regular Certificates after giving
effect to the distributions made on such Distribution Date;

(P)                 the
Pass-Through Rate for each Class of Non-Vertically Retained Regular Certificates for such Distribution Date;

(Q)            
the original Certificate Balance, Notional Amount or Uncertificated VRR Interest Balance as of the Closing Date and the Certificate
Balance, Notional Amount or Uncertificated VRR Interest Balance, as the case may be, of each Class of Non-Vertically Retained Regular
Certificates, the Class VRR Certificates and the Uncertificated VRR Interest immediately before and immediately after such Distribution
Date, separately identifying any reduction in the Certificate Balance, Notional Amount or Uncertificated VRR Interest Balance, as the
case may be, of each such Class of Certificates and the Uncertificated VRR Interest due to applicable Realized Losses;

(R)                the
Certificate Factor for each Class of Principal Balance Certificates and Class X Certificates immediately following such
Distribution Date;

(S)                 the
Principal Distribution Amount, VRR Principal Distribution Amount and Aggregate Principal Distribution Amount for such Distribution Date;

(T)                the
aggregate amount of Principal Prepayments made during the related Collection Period, and the aggregate amount of any Prepayment Interest
Excesses received and Prepayment Interest Shortfalls incurred in connection therewith;

    	 	- 359 -	 

     

    

(U)            
 the aggregate amount of losses on Mortgage Loans and Additional Trust Fund Expenses, if any, incurred with respect to the Trust
Fund during the related Collection Period, and any Realized Losses for the Non-Vertically Retained Principal Balance Certificates and
the Combined VRR Interest, respectively, for such Distribution Date;

(V)            
any Appraisal Reduction Amounts and any Collateral Deficiency Amount on a loan-by-loan basis, and the total Appraisal Reduction
Amounts, Collateral Deficiency Amounts and Cumulative Appraisal Reduction Amount as of the related Determination Date;

(W)          
identification of any material modification, extension or waiver of a Mortgage Loan;

(X)            
identification of any material breach of the representations and warranties given with respect to a Mortgage Loan by the applicable
Mortgage Loan Seller;

(Y)              
the identity of the Operating Advisor;

(Z)                the
amount of the Operating Advisor Fee, the Trustee/Certificate Administrator Fee and the CREFC® Intellectual Property Royalty
License Fee paid with respect to such Distribution Date;

(AA)      
an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates during the
related Collection Period;

(BB)           
the identity of the Controlling Class;

(CC)           
the identity of the Controlling Class Representative;

(DD)      
    such additional information as contemplated by Exhibit D to this Agreement; and

(EE)           
the information required by Rule 15Ga-1(a), as promulgated under the Exchange Act, concerning all assets of the Trust
Fund that were subject of a demand to repurchase or replace for breach of the representations and warranties in any of the Mortgage Loan
Purchase Agreements.

In the case of information furnished pursuant
to subclauses (A), (B), (C) and (Q) above, the amounts shall be expressed as a dollar amount in the aggregate for all Certificates
of each applicable Class and per single Certificate of a specified minimum denomination. The form of any Distribution Date Statement
may change over time.

On each Distribution Date,
the Certificate Administrator shall make available via the Certificate Administrator’s Website to each Holder of a Class R
Certificate a copy of the

    	 	- 360 -	 

     

    

reports made available to the other Certificateholders
on such Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Class R Certificates
in respect of the related Trust REMIC on such Distribution Date. Such obligation of the Certificate Administrator shall be deemed to have
been satisfied to the extent that it provided substantially comparable information pursuant to any requirements of the Code as from time
to time in force. Subject to any potential liability for willful misconduct, bad faith or negligence under Sections 6.01,
6.03, 8.01 or 8.05, as applicable, none of the Master Servicer, the Special Servicer, the Trustee or the Certificate
Administrator shall be responsible for the accuracy or completeness of any information supplied to it by or on behalf of a Mortgagor (or
a third party on its behalf), any Mortgage Loan Seller (including the information in the Prospectus), another party to this Agreement
or a party to an Outside Servicing Agreement that is included in any reports, statements, materials or information prepared or provided
by it.

The Certificate Administrator
shall make available each month via the Certificate Administrator’s Website, to any Privileged Person (or, in the case of item (vii) below,
solely to Certificateholders, Certificate Owners and the Uncertificated VRR Interest Owner, and provided that the Prospectus, Distribution
Date Statements, this Agreement, the Mortgage Loan Purchase Agreements and the Commission EDGAR filings referred to below (collectively,
the “Public Documents”) will be available to the general public, and provided further that any Privileged Person
that is a Borrower Party shall only be entitled to access the Public Documents, except as otherwise provided herein with respect to the
Special Servicer, any Controlling Class Certificateholder and the Controlling Class Representative), the following items:

(i)                
the following “deal documents”:

(A)             
the Prospectus;

(B)                 this
Agreement, each Sub-Servicing Agreement delivered to the Certificate Administrator since the Closing Date (if any), the Mortgage
Loan Purchase Agreements and any amendments and exhibits hereto or thereto; and

(C)              
CREFC® Loan Setup File delivered to the Certificate Administrator by the Master Servicer;

(ii)               
the following “Commission EDGAR filings”:

(A)            
any reports on Forms 10-D, 10-K, 8-K and ABS-EE that have been filed by the Certificate Administrator with respect
to the Trust through the EDGAR system;

(iii)           
 the following documents, which shall initially be made available under a tab or heading designated “periodic reports”:

(A)             
the Distribution Date Statements;

(B)                 the
supplemental reports and the CREFC® data files identified as such in the definition of “CREFC® Investor
Reporting Package

    	 	- 361 -	 

     

    

(IRP)” (other than the CREFC®
Loan Setup File), to the extent the Certificate Administrator has received such report or file; and

(C)              
all Operating Advisor Annual Reports;

(iv)            
the following documents, which shall be made available under a tab or heading designated “additional documents”:

(A)                the
summary of any Final Asset Status Report delivered to the Certificate Administrator in electronic format pursuant to Section 3.21
of this Agreement;

(B)                 any
inspection reports prepared by or on behalf of the Master Servicer or the Special Servicer, as applicable, and delivered to the Certificate
Administrator pursuant to Section 3.18 of this Agreement;

(C)                 any
other Third Party Reports (or updates thereto) delivered to the Certificate Administrator in electronic format; and

(D)             
any notice of the determination of an Appraisal Reduction Amount or Collateral Deficiency Amount with respect to any Mortgage Loan,
including the related CREFC® Appraisal Reduction Template;

(v)              
the following documents, which shall be made available under a tab or heading designated “special notices”:

(A)             
notice of any release based on an environmental release under this Agreement;

(B)             
notice of any waiver, modification or amendment of any term of any Mortgage Loan;

(C)              
notice of final payment on the Certificates or the Uncertificated VRR Interest;

(D)             
all notices of the occurrence of any Servicer Termination Events received by the Certificate Administrator or any notice to Certificateholders
and the Uncertificated VRR Interest Owner of the termination of the Master Servicer or the Special Servicer;

(E)                       notice
of termination or resignation of the Master Servicer or the Special Servicer;

(F)               
notice of resignation of the Trustee or the Certificate Administrator, and notice of the acceptance of appointment by the successor
Trustee or the successor Certificate Administrator, as applicable;

    	 	- 362 -	 

     

    

(G)               
 any notice of any request by requisite percentage of Certificateholders for a vote to terminate the Special Servicer pursuant
to Section 6.08(a) of this Agreement, the Operating Advisor pursuant to Section 7.06(b) of this Agreement or the
Asset Representations Reviewer pursuant to Section 11.05(b) of this Agreement;

(H)             
any notice to Certificateholders of the Operating Advisor’s recommendation to replace the Special Servicer and the related
report prepared by the Operating Advisor in connection with such recommendation;

(I)                   notice
of resignation or termination of the Operating Advisor or the Asset Representations Reviewer and notice of the acceptance of appointment
by the successor Operating Advisor or the successor Asset Representations Reviewer, as applicable;

(J)                  notice
of the Certificate Administrator’s determination that an Asset Review Trigger has occurred and a copy of any Final Asset Review
Report received by the Certificate Administrator;

(K)             
any notice of the termination of a sub-servicer with respect to Mortgage Loans representing 10% or more of the aggregate principal
balance of all the Mortgage Loans;

(L)                  any
and all officer’s certificates and other evidence delivered to or by the Certificate Administrator to support its or the Master
Servicer’s, the Special Servicer’s, or the Trustee’s as the case may be, determination that any Advance was (or, if
made, would be) a Nonrecoverable Advance;

(M)            
notice of the termination of the Trust;

(N)             
any notice that a Control Termination Event or a Trust Subordinate Companion Loan Control Appraisal Period has occurred or is terminated
or that a Consultation Termination Event or any applicable Operating Advisor Consultation Trigger Event has occurred;

(O)            
  any notice of the occurrence of an Operating Advisor Termination Event;

(P)              
any notice of the occurrence of an Asset Representations Reviewer Termination Event;

(Q)              
any assessments of compliance delivered to the Certificate Administrator;

(R)              
any attestation reports delivered to the Certificate Administrator;

    	 	- 363 -	 

     

    

(S)             
 any “special notices” required by a Certificateholder or the Uncertificated VRR Interest Owner to be posted on the
Certificate Administrator’s Website pursuant to Section 5.07; and

(T)              
any Proposed Course of Action Notice;

(vi)            
the Investor Q&A Forum;

(vii)           
solely to Certificateholders, Certificate Owners and Uncertificated VRR Interest Owner that are Privileged Persons, the Investor
Registry; and

(viii)        
the “Risk Retention” tab (which shall include, without limitation, any notice from the Depositor or from the Retaining
Sponsor regarding non-compliance by GS Bank or from the Yorkshire & Lexington Towers Retaining Sponsor regarding non-compliance
by the Yorkshire & Lexington Towers Retaining Third Party Purchaser with, or any other matter related to, Regulation RR);

provided that, with respect to a Control
Termination Event or a Consultation Termination Event deemed to exist due solely to the existence of an Excluded Mortgage Loan, the Certificate
Administrator will only be required to make available such notice of the occurrence and continuance of a Control Termination Event or
the notice of the occurrence and continuance of a Consultation Termination Event to the extent the Certificate Administrator has been
notified of such Excluded Mortgage Loan.

Notwithstanding the foregoing,
all Excluded Information shall be made available under one separate tab or heading designated “Excluded Information” on the
Certificate Administrator’s Website (and not any of the headings described in items (i) through (viii) above) and
made available to Privileged Persons other than any Excluded Controlling Class Holder (unless a loan-by-loan segregation
is later performed by the Certificate Administrator in which case such access shall only be prohibited with respect to the related Excluded
Controlling Class Mortgage Loan(s)). Notwithstanding the foregoing, nothing set forth in this Agreement shall prohibit the Controlling
Class Representative or any Controlling Class Certificateholder from receiving, requesting or reviewing any Excluded Information
relating to any Excluded Controlling Class Mortgage Loan with respect to which the Controlling Class Representative or such
Controlling Class Certificateholder is not a Borrower Party and, if such Excluded Information is not available to such Controlling
Class Representative or Controlling Class Certificateholder via the Certificate Administrator’s Website, such Controlling
Class Representative or Controlling Class Certificateholder that is not a Borrower Party with respect to the related Excluded
Controlling Class Mortgage Loan shall be entitled to obtain (upon reasonable request) such information in accordance with Section 4.02(e)
of this Agreement.

Notwithstanding any of the
foregoing to the contrary, if the Special Servicer is a Borrower Party with respect to any Mortgage Loan or Serviced Whole Loan, the Special
Servicer shall nevertheless have access to the Certificate Administrator’s Website; provided, that the Special Servicer hereby
agrees not to access, and is not permitted to access, Excluded Special Servicer Information with respect to any Excluded Special Servicer
Mortgage Loan (but shall be permitted to access any information with respect to any Mortgage Loan other than any related

    	 	- 364 -	 

     

    

Excluded Special Servicer Mortgage Loan) made
available on the Certificate Administrator’s Website or otherwise pursuant to this Agreement. If the Special Servicer is a Borrower
Party with respect to any Excluded Special Servicer Mortgage Loan, the Special Servicer (i) shall not, directly or indirectly provide
any information related to any Excluded Special Servicer Mortgage Loan (which shall include, without limitation, any Excluded Information
related to such Excluded Special Servicer Mortgage Loan) to (A) any related Borrower Party, (B) any employees or personnel of the Special
Servicer or any of its Affiliates involved in the management of any investment in any related Borrower Party or the related Mortgaged
Property or (C) to the extent known to the Special Servicer, any non-Affiliate that holds a direct or indirect ownership interest
in any related Borrower Party or the related Mortgaged Property, and (ii) shall maintain sufficient internal controls and appropriate
policies and procedures in place in order to comply with the obligations described in clause (i) above. Notwithstanding any provision
to the contrary herein, the Certificate Administrator shall not have any obligation to restrict access by the Special Servicer or any
Excluded Mortgage Loan Special Servicer to any information on the Certificate Administrator’s Website related to any Excluded Special
Servicer Mortgage Loan.

Any Person that is a Borrower
Party shall be entitled to access (a) the Public Documents, and (b) in the case of the Controlling Class Representative or a Controlling
Class Certificateholder, if any such Person is an Excluded Controlling Class Holder, upon delivery to the Master Servicer, the
Special Servicer, the Operating Advisor, the Certificate Administrator and the Trustee in physical form of an Investor Certification substantially
in the form of Exhibit M-1C and a notice in the form of Exhibit M-1F hereto certifying to the effect that
it is an Excluded Controlling Class Holder and upon delivery to the Certificate Administrator in physical form of an investor certification
substantially in the form of Exhibit M-1G, which shall include each of the CTSLink Login User ID associated with such
Excluded Controlling Class Holder, all information (other than Excluded Information related to the Excluded Controlling Class Mortgage
Loan(s) (unless a loan-by-loan segregation is later performed by the Certificate Administrator in which case such access shall
only be prohibited with respect to the Excluded Controlling Class Mortgage Loan(s) for which such Person is a Borrower Party)) available
on the Certificate Administrator’s Website.

In the case of the Controlling
Class Representative or Controlling Class Certificateholder that is not an Excluded Controlling Class Holder, upon delivery
of an investor certification substantially in the form of Exhibit M-1B hereto certifying to the effect that it is not
an Excluded Controlling Class Holder, such Controlling Class Representative or a Controlling Class Certificateholder shall
be entitled to access all information on the Certificate Administrator’s Website. The Master Servicer, Special Servicer, Operating
Advisor, Certificate Administrator and Trustee may each rely on (i) an Investor Certification in the form of Exhibit M-1B
hereto from the Controlling Class Representative or a Controlling Class Certificateholder to the effect that such Person is
not an Excluded Controlling Class Holder with respect to any Excluded Controlling Class Mortgage Loan or (ii) an Investor Certification
in the form of Exhibit M-1C hereto from the Controlling Class Representative or a Controlling Class Certificateholder
to the effect that such Person is an Excluded Controlling Class Holder with respect to one or more Excluded Controlling Class Mortgage
Loan(s). In the event the Controlling Class Representative or a Controlling Class Certificateholder, as the case may be, becomes
an Excluded Controlling Class Holder, such party shall promptly notify each of the Master Servicer, the Special Servicer, the Operating
Advisor, the Certificate Administrator and the Trustee in

    	 	- 365 -	 

     

    

writing substantially in the form of Exhibit M-1F
to the effect that such party is an Excluded Controlling Class Holder with respect to the Excluded Controlling Class Mortgage
Loan(s) listed in such notice and shall also provide the Certificate Administrator a notice substantially in the form of Exhibit M-1G
listing the CTSLink Login User ID associated with such Excluded Controlling Class Holder and directing the Certificate Administrator
to restrict such Excluded Controlling Class Holder’s access to the Certificate Administrator’s Website as and to the
extent provided in this Agreement. Upon confirmation from the Certificate Administrator that such access has been restricted, such Excluded
Controlling Class Holder shall submit a new investor certification substantially in the form of Exhibit M-1C (which
certification shall include, among other things, an acknowledgement and agreement by such Excluded Controlling Class Holder that
it is prohibited from accessing and reviewing (and it agrees not to access and review) any Excluded Information with respect to any Excluded
Controlling Class Mortgage Loans for which it is a Borrower Party) to access the information on the Certificate Administrator’s
Website, except that such Excluded Controlling Class Holder shall not be entitled to access any Excluded Information related to any
Excluded Controlling Class Mortgage Loan(s) (unless a loan-by-loan segregation is later performed by the Certificate Administrator
in which case such access shall only be prohibited with respect to the Excluded Controlling Class Mortgage Loan(s) for which such
Person is a Borrower Party) made available on the Certificate Administrator’s Website. Any Excluded Information relating to an Excluded
Controlling Class Mortgage Loan that the Master Servicer, the Special Servicer or the Operating Advisor identifies and delivers to
the Certificate Administrator for posting to the Certificate Administrator’s Website shall be delivered to the Certificate Administrator
via email to loandata@citi.com in one or more separate files labeled “Excluded Information” followed by the applicable
loan name and loan number, and the Certificate Administrator shall segregate on the Certificate Administrator’s Website such Excluded
Information on a separate excluded loan tab on the Certificate Administrator’s Website (and, if possible at a later time, on a loan-by-loan
basis). Notwithstanding anything herein to the contrary, each of the Master Servicer, the Special Servicer, the Operating Advisor and
the Certificate Administrator shall be entitled to conclusively assume that the Controlling Class Representative and all Controlling
Class Certificateholders are not Excluded Controlling Class Holders except to the extent that the Master Servicer, the Special
Servicer, the Operating Advisor or the Certificate Administrator, as applicable, has received notice from the Controlling Class Representative
or a Controlling Class Certificateholder that it has become an Excluded Controlling Class Holder. None of the Master Servicer,
the Special Servicer, the Operating Advisor or the Certificate Administrator shall be liable for any communication to the Controlling
Class Representative or Controlling Class Certificateholder or disclosure of Excluded Information if the Master Servicer, the
Special Servicer, the Operating Advisor or the Certificate Administrator, as applicable, did not receive prior written notice that the
related Mortgage Loan is an Excluded Controlling Class Mortgage Loan (including, in the case of the summary of any Asset Status Report
or the summary of any Final Asset Status Report delivered to the Certificate Administrator for posting to the Certificate Administrator’s
Website and/or any failure to label any such information provided to the Certificate Administrator).

Each of the Master Servicer,
the Special Servicer, the Operating Advisor and the Certificate Administrator shall be entitled to conclusively rely on any certification
delivered by the Controlling Class Representative or a Controlling Class Certificateholder, as applicable, substantially in
the form of Exhibit M-1B to the effect that such Person is no longer an Excluded Controlling Class Holder. To the
extent the Controlling Class Representative or a Controlling

    	 	- 366 -	 

     

    

Class Certificateholder receives access
pursuant to this Agreement to any Excluded Information with respect to a related Excluded Controlling Class Mortgage Loan on the
Certificate Administrator’s Website or otherwise receives access to such Excluded Information, such Controlling Class Representative
or Controlling Class Certificateholder shall be deemed to have agreed that it (i) will not directly or indirectly provide any information
related to the Excluded Controlling Class Mortgage Loan to (A) any related Borrower Party, (B) any Excluded Controlling Class Holder,
(C) any employees or personnel of such Controlling Class Representative or Controlling Class Certificateholder, (D) any Affiliate
involved in the management of any investment in any related Borrower Party or the related Mortgaged Property or (E) to its actual knowledge,
any non-Affiliate that holds a direct or indirect ownership interest in any related Borrower Party, and (ii) will maintain sufficient
internal controls and appropriate policies and procedures in place in order to comply with the obligations described in clause (i)
above.

To the extent a Risk Retention
Consultation Party or a Combined VRR Interest Owner receives access pursuant to this Agreement to any information relating to an Excluded
RRCP Mortgage Loan (or a Mortgage Loan with respect to which such Holder or owner is a Borrower Party) and/or the related Mortgaged Property
(which shall include any Major Decision Reporting Package, Asset Status Reports, Final Asset Status Reports (or summaries thereof), inspection
reports related to Specially Serviced Loans conducted by the Special Servicer or any Excluded Mortgage Loan Special Servicer and which
may include any Operating Advisor reports delivered to the Certificate Administrator regarding the Special Servicer’s net present
value determination, Collateral Deficiency Amount determination or any Appraisal Reduction Amount calculations, and any Officer’s
Certificates delivered by the Trustee, the Master Servicer or the Special Servicer, supporting any determination that any Advance was
(or, if made, would be) a Nonrecoverable Advance, but in each case other than information with respect to such Mortgage Loan that is aggregated
with information of other Mortgage Loans at a pool level), whether on the Certificate Administrator’s Website or otherwise, such
Risk Retention Consultation Party or such Combined VRR Interest Owner, as applicable, shall be deemed to have agreed that it (i) will
not provide any such information to (A) the related Borrower Party, (B) any employees or personnel of such Risk Retention Consultation
Party or such Combined VRR Interest Owner or any of its Affiliates involved in the management of any investment in the related Borrower
Party or the related Mortgaged Property or (C) to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest
in the related Borrower Party, and (ii) will maintain sufficient internal controls and appropriate policies and procedures in order to
comply with the limitations described in clause (i) above. For the avoidance of doubt, any file or report contained in the CREFC®
Investor Reporting Package (CREFC® IRP) (other than the CREFC® Special Servicer Loan File relating to any
such Excluded Mortgage Loan) shall be considered information that is aggregated with information of other Mortgage Loans at a pool level.
Notwithstanding anything to the contrary in this Agreement, a Risk Retention Consultation Party will be permitted to share with any Combined
VRR Interest Owner any Major Decision Reporting Package that such Risk Retention Consultation Party has received in connection with the
exercise of its consultation rights pursuant to Section 6.09(a).

The Certificate Administrator
makes no representations or warranties as to the accuracy or completeness of information provided pursuant to this Section and assumes
no responsibility therefor. In addition, the Certificate Administrator disclaims responsibility for any information distributed by the
Certificate Administrator for which it is not the original source. In

    	 	- 367 -	 

     

    

connection with providing access to the Certificate
Administrator’s Website, the Certificate Administrator may require registration and acceptance of a disclaimer and may require a
recipient of any of the information set forth above (other than the Public Documents) to execute a confidentiality agreement (which may
be in the form of a web page “click-through”). The Certificate Administrator shall not be liable for the dissemination
of information in accordance with this Agreement. Notwithstanding anything herein to the contrary, the Certificate Administrator shall
not be liable for any disclosure of Excluded Information relating to an Excluded Controlling Class Mortgage Loan to the extent such
information was included in the summary of any Asset Status Report or the summary of any Final Asset Status Report delivered to the Certificate
Administrator for posting to the Certificate Administrator’s Website and not properly identified as relating to an Excluded Controlling
Class Mortgage Loan.

The Certificate Administrator
shall have no liability for access by an Excluded Controlling Class Holder to the Certificate Administrator’s Website of any
information with respect to which such Excluded Controlling Class Holder is prohibited from accessing pursuant to this Agreement
if such Excluded Controlling Class Holder provided an Investor Certification but did not indicate it was a Borrower Party.

The Certificate Administrator
shall provide assistance in using the Certificate Administrator’s Website through the Certificate Administrator’s customer
service desk at telephone number 1-866-846-4526.

The Certificate Administrator
may provide such information through means other than (and in lieu of) the Certificate Administrator’s Website; provided
that (i) the Depositor shall have consented to such alternative means and (ii) Certificateholders, the Uncertificated VRR Interest
Owner and each of the Serviced Companion Loan Holders shall have received notice of such alternative means (which notice may be given
via the Certificate Administrator’s Website).

The Master Servicer shall
prepare a separate set of reports, in the same manner and containing substantially similar types of information as described in this Section
4.02, for the Holders of the Loan-Specific Certificates with respect to the Trust Subordinate Companion Loan and the Loan-Specific
Certificates. The Holders of the Loan-Specific Certificates shall be entitled to obtain access to reports and other information in
a manner substantially similar to the procedures described in this Agreement.

Any Person that is a Mortgagor,
a Manager of a Mortgaged Property, an Affiliate of the foregoing, or an agent of any Mortgagor shall be entitled to access only the Prospectus,
Distribution Date Statements, this Agreement, the Mortgage Loan Purchase Agreements and the Commission EDGAR filings on the Certificate
Administrator’s Website which are being made available to the general public. The provisions in this Section shall not limit
the Master Servicer’s ability to make accessible certain information regarding the Trust Loans at a website maintained by the Master
Servicer.

Within a reasonable period
of time after the end of each calendar year, the Certificate Administrator shall furnish to each Person who at any time during the calendar
year was a Holder of a Certificate or Uncertificated VRR Interest Owner and requests in writing, a statement containing the information
as to the applicable Class or the Uncertificated VRR Interest

    	 	- 368 -	 

     

    

set forth in clauses (A), (B) and (C)
of the description of Distribution Date Statements above, aggregated for such calendar year or applicable portion thereof during which
such person was a Certificateholder or Uncertificated VRR Interest Owner, together with such other information as the Certificate Administrator
deems necessary or desirable, or that a Certificateholder, Certificate Owner or Uncertificated VRR Interest Owner reasonably requests,
to enable Certificateholders and the Uncertificated VRR Interest Owner to prepare their tax returns for such calendar year. Such obligation
of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall
be provided by the Certificate Administrator pursuant to any requirements of the Code as from time to time are in force.

The Certificate Administrator
shall make the Investor Q&A Forum available only to Privileged Persons. The “Investor Q&A Forum” shall be a
service available on the Certificate Administrator’s Website, where Certificateholders and Certificate Owners that are Privileged
Persons may submit questions to (a) the Certificate Administrator relating to the Distribution Date Statements, (b) the Master Servicer
or the Special Servicer, as applicable, relating to the servicing reports prepared by that party and being made available pursuant to
this Section 4.02(a), the Mortgage Loans (excluding the Outside Serviced Mortgage Loans), any Trust Subordinate Companion
Loans or the related Mortgaged Properties or (c) the Operating Advisor relating to the Operating Advisor Annual Reports or other
reports prepared by the Operating Advisor or actions by the Special Servicer referenced in such reports (collectively, “Inquiries”),
and (ii) Privileged Persons may view Inquiries that have been previously submitted and answered, together with the answers thereto.
Upon receipt of an Inquiry for the Operating Advisor, the Master Servicer or the Special Servicer, as applicable, the Certificate Administrator
shall forward the Inquiry to the appropriate Person and, in the case of an inquiry relating to an Outside Serviced Mortgage Loan, to the
applicable party under the related Outside Servicing Agreement, in each case within a commercially reasonable period following receipt
thereof.

Within a commercially reasonable
time following receipt of an Inquiry, the Certificate Administrator, the Operating Advisor, the Master Servicer or the Special Servicer,
as applicable, unless it determines not to answer such Inquiry as provided below, shall reply to the Inquiry, which reply of the Operating
Advisor, the Master Servicer or Special Servicer shall be by e-mail to the Certificate Administrator. In the case of an Inquiry relating
to an Outside Serviced Mortgage Loan, the Certificate Administrator shall make reasonable efforts to obtain an answer from the related
Outside Servicer or the related Outside Special Servicer, as applicable; provided that the Certificate Administrator shall not
be responsible for the content of such answer or any delay or failure to obtain such answer. The Certificate Administrator shall post
(within a commercially reasonable period following preparation or receipt of such answer, as the case may be) such Inquiry and the related
answer to the Certificate Administrator’s Website. If the Certificate Administrator, the Operating Advisor, the Master Servicer
or the Special Servicer determines, in its respective sole discretion, that (i) any Inquiry is beyond the scope of the topics described
above, (ii) answering any Inquiry would not be in the best interests of the Trust and/or the Certificateholders and the Uncertificated
VRR Interest Owner, (iii) answering any Inquiry would be in violation of applicable law, this Agreement (including requirements in
respect of non-disclosure of Privileged Information) or the applicable Loan Documents, (iv) answering any Inquiry would materially
increase the duties of, or result in significant additional cost or expense to, the Certificate Administrator, the Operating Advisor,
the Master Servicer or the Special Servicer, as applicable, (v) answering any Inquiry would require the disclosure of Privileged

    	 	- 369 -	 

     

    

Information (subject to the Privileged Information
Exception) or (vi) answering any Inquiry is otherwise, for any reason, not advisable, then it shall not be required to answer such
Inquiry and, in the case of the Operating Advisor, the Master Servicer or the Special Servicer, shall promptly notify the Certificate
Administrator of such determination. In addition, no party shall post or otherwise disclose any direct communications with any Directing
Holder or Consulting Party as part of its response to any Inquiries. The Certificate Administrator shall notify the Person who submitted
such Inquiry in the event that the Inquiry will not be answered. The Certificate Administrator shall not be required to post to the Certificate
Administrator’s Website any Inquiry or answer thereto that the Certificate Administrator determines, in its sole discretion, is
administrative or ministerial in nature. The Investor Q&A Forum will not reflect questions, answers and other communications which
are not submitted via the Certificate Administrator’s Website. Answers posted on the Investor Q&A Forum shall be attributable
only to the respondent, and shall not be deemed to be answers from any of the Depositor, the Underwriters, the Initial Purchasers or any
of their respective Affiliates. None of the Underwriters, Initial Purchasers, Depositor, any of their respective affiliates or any other
person will certify as to the accuracy of any of the information posted in the Investor Q&A Forum and no such person will have any
responsibility or liability for the content of any such information. No party to this Agreement shall disclose Privileged Information
in the Investor Q&A Forum.

The Certificate Administrator
shall make the Investor Registry available to any Certificateholder, Certificate Owner or Uncertificated VRR Interest Owner that is a
Privileged Person. The “Investor Registry” shall be a voluntary service available on the Certificate Administrator’s
Website, where Certificateholders, Certificate Owners and the Uncertificated VRR Interest Owner can register and thereafter obtain information
with respect to any other Certificateholder, Certificate Owner or Uncertificated VRR Interest Owner that has so registered. Any person
registering to use the Investor Registry will be required to certify that (a) it is a Certificateholder, a Certificate Owner or the
Uncertificated VRR Interest Owner and (b) it grants authorization to the Certificate Administrator to make its name and contact information
available on the Investor Registry for at least 45 days from the date of such certification to other registered Certificateholders,
registered Certificate Owners and the registered Uncertificated VRR Interest Owner. Such Person shall then be asked to enter certain mandatory
fields such as the individual’s name, the company name and e-mail address, as well as certain optional fields such as address,
phone, and Class(es) of Certificates owned. If any Certificateholder, any Certificate Owner or the Uncertificated VRR Interest Owner notifies
the Certificate Administrator that it wishes to be removed from the Investor Registry (which notice may not be within 45 days of
its registration), the Certificate Administrator shall promptly remove it from the Investor Registry. The Certificate Administrator will
not be responsible for verifying or validating any information submitted on the Investor Registry, or for monitoring or otherwise maintaining
the accuracy of any information thereon. The Certificate Administrator may require acceptance of a waiver and disclaimer for access to
the Investor Registry.

Upon filing with the IRS,
the Certificate Administrator shall furnish to the Holders of the Class R Certificates the IRS Form 1066 for each Trust REMIC
and shall furnish their respective Schedules Q thereto at the times required by the Code or the IRS, and shall provide from time to time
such information and computations with respect to the entries on such forms as any Holder of the Class R Certificates may reasonably
request.

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The specification of information
to be furnished by the Certificate Administrator in this Section 4.02 (and any other terms of this Agreement requiring or
calling for delivery or reporting of information by the Certificate Administrator to Certificateholders, Certificate Owners and the Uncertificated
VRR Interest Owner) shall not limit the Certificate Administrator in furnishing, and the Certificate Administrator is hereby authorized
to furnish, to any Privileged Person any other information (such other information, collectively, “Additional Information”) with
respect to the Mortgage Loans or Serviced Whole Loans, the Mortgaged Properties or the Trust Fund as may be provided to it by the Depositor,
the Master Servicer or the Special Servicer or gathered by it in any investigation or other manner from time to time, provided
that (A) while there exists any Servicer Termination Event, any such Additional Information shall only be furnished with the consent
or at the request of the Depositor (except pursuant to clause (E) below or to the extent such information is requested by a
Certifying Certificateholder), (B) the Certificate Administrator shall be entitled to indicate the source of all information furnished
by it, and the Certificate Administrator may affix thereto any disclaimer it deems appropriate in its sole discretion (together with any
warnings as to the confidential nature and/or the uses of such information as it may, in its sole discretion, determine appropriate),
(C) the Certificate Administrator may notify any Privileged Person of the availability of any such information in any manner as it,
in its sole discretion, may determine, (D) the Certificate Administrator shall be entitled (but not obligated) to require payment
from each recipient of a reasonable fee for, and its out-of-pocket expenses incurred in connection with, the collection, assembly,
reproduction or delivery of any such Additional Information, and (E) the Certificate Administrator shall be entitled to distribute
or make available such Additional Information in accordance with such reasonable rules and procedures as it may deem necessary or appropriate
(which may include the requirement that an agreement that provides such information shall be used solely for purposes of evaluating the
investment characteristics or valuation of the Certificates be executed by the recipient, if and to the extent the Certificate Administrator
deems the same to be necessary or appropriate). Nothing herein shall be construed to impose upon the Certificate Administrator any obligation
or duty to furnish or distribute any Additional Information to any Person in any instance, and the Certificate Administrator shall neither
have any liability for furnishing nor for refraining from furnishing Additional Information in any instance. The Certificate Administrator
shall be entitled (but not required) to request and receive direction from the Depositor as to the manner of delivery of any such Additional
Information, if and to the extent the Certificate Administrator deems necessary or advisable, and to require that any consent, direction
or request given to it pursuant to this Section be made in writing.

The Depositor hereby authorizes
the Certificate Administrator to, and the Certificate Administrator shall, make available to Bloomberg, L.P., Trepp, LLC, Intex Solutions,
Inc., BlackRock Financial Management, Inc., CMBS.com, Inc., Moody’s Analytics, Markit Group Limited, RealINSIGHT, Thompson Reuters
Corporation, Intercontinental Exchange | ICE Data Services, KBRA Analytics, LLC or such other vendor chosen by the Depositor that submits
to the Certificate Administrator a certification in the form of Exhibit M-3 to this Agreement, all the Distribution Date
Statements, CREFC® reports and supplemental notices delivered or made available pursuant to this Section 4.02(a) to
Privileged Persons.

(b)                 No
later than the Business Day prior to each Distribution Date, subject to the third from last paragraph of this subsection (b),
the Master Servicer shall deliver or cause to be delivered to the Certificate Administrator, the Operating Advisor and the

    	 	- 371 -	 

     

    

Special Servicer in electronic form mutually
acceptable to the Certificate Administrator, the Operating Advisor, the Special Servicer and the Master Servicer the following reports
or information (and any other files as may be, or have been, adopted and promulgated by CREFC® as part of the CREFC®
Investor Reporting Package (IRP) from time to time): (1) a CREFC® REO Status Report, (2) a CREFC®
Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report, (3) CREFC® Total Loan Report, (4) the
CREFC® Servicer Watch List/Portfolio Review Guidelines, (5) the CREFC® Financial File, (6) the
CREFC® Property File, (7) except for the first two Distribution Dates, the CREFC® Comparative Financial
Status Report, (8) the CREFC® Loan Level Reserve/LOC Report, (9) the CREFC® Advance Recovery
Report and (10) the CREFC® Delinquent Loan Status Report.

With respect to each Serviced
Companion Loan that is held by an Other Securitization Trust, the Master Servicer shall deliver or cause to be delivered to the related
Other Servicer all reports required to be delivered by the Master Servicer to the Certificate Administrator pursuant to this Section 4.02(b)
(which shall include all loan-level reports constituting the CREFC® Investor Reporting Package (IRP)), to the extent related to
such Serviced Companion Loan, the related Mortgaged Property or the related Mortgage Note, no later than the earlier of (x) the Master
Servicer Remittance Date and (y) the Business Day immediately following the “determination date” (or analogous concept) set
forth in the related Other Pooling and Servicing Agreement.

No later than the Business
Day prior to each Distribution Date except for the first two Distribution Dates, the Master Servicer shall deliver to the Certificate
Administrator and the Operating Advisor (by electronic means) the CREFC® Comparative Financial Status Report for each
Trust Loan or related Mortgaged Property as of the Determination Date immediately preceding the preparation of such report for each of
the following three periods (but only to the extent the related Mortgagor is required by the Mortgage to deliver and does deliver, or
otherwise agrees to provide and does provide, such information): (a) the most current available year-to-date; (b) each
of the previous two full fiscal years stated separately (to the extent such information is in the Master Servicer’s possession);
and (c) the “base year” (representing the original analysis of information used as of the Cut-Off Date).

The Master Servicer shall
provide to the Certificate Administrator the CREFC® Loan Setup File no later than 4:00 p.m. on the third Business
Day before the first Distribution Date to the extent it has received from the Mortgage Loan Sellers one or more spreadsheets (with the
data fields filled) containing the data necessary for the completion of the aggregate pool-wide CREFC® Loan Setup
File.

No later than 2:00 p.m.,
New York City time, on the second Business Day prior to each Distribution Date, the Master Servicer shall deliver to the Certificate Administrator
(i) a CREFC® Loan Periodic Update File setting forth certain information with respect to the Trust Loans and Mortgaged
Properties and (ii) the CREFC® Appraisal Reduction Template, to the extent received, or prepared pursuant to Section 3.10(a)
of this Agreement, by the Master Servicer.

The Master Servicer shall
prepare the initial CREFC® Financial File and the initial CREFC® Loan Periodic Update File based on the
initial data with respect to each Mortgage Loan

    	 	- 372 -	 

     

    

provided by the Mortgage Loan Sellers pursuant
to the respective Mortgage Loan Purchase Agreements.

Not later than 5:00 p.m.
(New York City time) on each Distribution Date beginning July 2022, the Master Servicer shall deliver to the Certificate Administrator
and the Depositor (in the case of the Depositor, to the Depositor’s email addresses set forth in Section 12.04 together
with the name, phone number and email address of the servicing officer of the Master Servicer to contact with any questions related to
the CREFC® Schedule AL File and the Schedule AL Additional File) a single CREFC® Schedule AL File (with
respect to each Mortgage Loan that was part of the Mortgage Pool during any portion of the related reporting period covered by the Form
10-D required to be filed with respect to the subject Distribution Date pursuant to Section 10.04) and the related Schedule
AL Additional File, in each case, in EDGAR-Compatible Format and Excel format; provided, however, that the Master Servicer
shall have no obligation to prepare or deliver the CREFC® Schedule AL File or the Schedule AL Additional File unless and
until the Master Servicer receives the Initial Schedule AL File and the Initial Schedule AL Additional File from the Depositor in EDGAR-Compatible
Format and Excel format; and provided, further, that, if the Master Servicer has not received the Initial Schedule AL File
and the Initial Schedule AL Additional File from the Depositor prior to the time it would need the Initial Schedule AL File and the Initial
Schedule AL Additional File in order for the Master Servicer to prepare the CREFC® Schedule AL File with respect to the
first Distribution Date, the Master Servicer shall request the Initial Schedule AL File and the Initial Schedule AL Additional File from
the Depositor, including by email to the email addresses for the Depositor set forth in Section 12.04. If the CREFC®
Schedule AL File is not provided by the Master Servicer to the Certificate Administrator by 5:00 p.m. (New York City time)
on any Distribution Date, the Certificate Administrator shall notify the Depositor in writing and also request such CREFC® Schedule
AL File from the Master Servicer via email to NoticeAdmin@midlandls.com. The Master Servicer shall be entitled to conclusively rely, absent
manifest error, without any due diligence, investigation or verification, on the content, completeness and accuracy of the Initial Schedule
AL File and the Initial Schedule AL Additional File, in each case, as of the Closing Date. Any Schedule AL Additional File that the Master
Servicer determines, in accordance with the Servicing Standard, to deliver in connection with any CREFC® Schedule AL File
prepared by the Master Servicer pursuant to this paragraph shall be delivered in EDGAR-Compatible Format and in Excel format to the
Certificate Administrator concurrently with the delivery of the related CREFC® Schedule AL File. With respect to each Outside
Serviced Mortgage Loan, the Master Servicer shall include the analogous CREFC® Schedule AL File and/or Schedule AL Additional
File, as applicable, information that it receives from the related Outside Servicer under the applicable Outside Servicing Agreement in
the single CREFC® Schedule AL File and/or Schedule AL Additional File, as applicable, that it delivers to the Certificate
Administrator for the subject Distribution Date.

With respect to any Mortgage
Loan that is or becomes subject to a forbearance agreement (or any agreement similar thereto) during the reporting period covered by any
CREFC® Schedule AL File prepared by the Master Servicer, the Master Servicer shall so notify the Certificate Administrator
and the Depositor in writing (which notification may be in the form of electronic mail) and the Master Servicer shall include as part
of such CREFC® Schedule AL File the appropriate code designations indicating (or to the extent such information cannot
be sufficiently indicated via an available code designation, a contemporary explanatory note in the related Schedule AL Additional File
indicating) that such Mortgage Loan is in forbearance, and if

    	 	- 373 -	 

     

    

such Mortgage Loan is reported in such CREFC®
Schedule AL File as “current” during the applicable forbearance period, the Master Servicer shall include a contemporary explanatory
note in the related Schedule AL Additional File to reflect that the related Mortgagor is in compliance with such forbearance agreement
or similar agreement.

In addition, the Master Servicer
(with respect to Performing Serviced Loans) or Special Servicer (with respect to Specially Serviced Loans and REO Properties), as applicable,
shall prepare the following with respect to each Mortgaged Property and REO Property, in each case other than with respect to any Outside
Serviced Mortgage Loan:

(i)                  Within
30 days after receipt of a quarterly operating statement, if any, for each calendar quarter, commencing with respect to the calendar
quarter ending September 30, 2022, a CREFC® Operating Statement Analysis Report (but only to the extent the related Mortgagor
is required by the related Loan Documents to deliver and does deliver, or otherwise agrees to provide and does provide, such information) for
such Mortgaged Property or REO Property as of the end of such calendar quarter; provided, however, that any analysis or
report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable
CREFC® guidelines (it being understood that as of the Closing Date, the applicable CREFC® guidelines provide that such analysis
or report with respect to the first calendar quarter (in each year) is not required for a Mortgaged Property unless such Mortgaged Property
is analyzed on a trailing 12-month basis, or if the related Serviced Trust Loan is on the CREFC® Servicer Watch List). The Master
Servicer (with respect to Performing Serviced Loans) or Special Servicer (with respect to Specially Serviced Loans and REO Properties),
as applicable, shall deliver to the Certificate Administrator, the Operating Advisor and each related Serviced Companion Loan Holder
(or the master servicer or special servicer for the related Other Securitization Trust on its behalf) by electronic means the CREFC®
Operating Statement Analysis Report upon request; and

(ii)             
Within 30 days after receipt by the Special Servicer (with respect to Specially Serviced Loans and REO Properties) or the
Master Servicer (with respect to Performing Serviced Loans) of any annual operating statement or rent rolls, commencing with respect to
the calendar year ending December 31, 2022, a CREFC® NOI Adjustment Worksheet (but only to the extent the related
Mortgagor is required by the related Loan Documents to deliver and does deliver, or otherwise agrees to provide and does provide, such
information), presenting the computation to “normalize” the full year net operating income and debt service coverage numbers
used by the Master Servicer in preparing the CREFC® Comparative Financial Status Report above. The Special Servicer or
the Master Servicer shall deliver to the Certificate Administrator, the Operating Advisor and each related Serviced Companion Loan Holder
(or the master servicer or special servicer for the related Other Securitization Trust on its behalf) by electronic means the CREFC®
NOI Adjustment Worksheet upon request.

Notwithstanding anything to the contrary contained
herein, with respect to any Serviced Loan related to any Significant Obligor, the Master Servicer (with respect to Performing Serviced

    	 	- 374 -	 

     

    

Loans) or the Special Servicer (with respect
to Specially Serviced Loans and REO Properties) shall be required to complete (and, in the case of the Special Servicer, to deliver to
the Master Servicer) any CREFC files, reports and/or templates necessary in order to comply with (or, in the case of the Special Servicer,
to facilitate compliance with) the Master Servicer’s obligations under Section 10.11 of this Agreement and the Exchange
Act filing obligations of the Depositor and/or any Other Depositor, as applicable, with respect to such Significant Obligor.

The Certificate Administrator
shall deliver or shall cause to be delivered, upon request, to the Rule 17g-5 Information Provider (for posting to the Rule 17g-5
Information Provider’s Website pursuant to Section 12.13 of this Agreement), to each Certificateholder, to each party
hereto, to any Underwriter and/or to any Initial Purchaser and to each Person that provides the Certificate Administrator with an Investor
Certification a copy of the CREFC® Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet
most recently performed by the Master Servicer with respect to any Mortgage Loan or Serviced Whole Loan and delivered to the Certificate
Administrator.

Upon request (and in any
event, not more frequently than once per month), the Master Servicer shall forward to the Certificate Administrator (as to the Collection
Account), the Operating Advisor, any related Serviced Companion Loan Holder or the master servicer or special servicer for the related
Other Securitization Trust on its behalf (as to the related Whole Loan Custodial Account) and, for posting to the Rule 17g-5
Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider
a statement, setting forth the status of the Collection Account and each Whole Loan Custodial Account as of the close of business on such
Master Servicer Remittance Date, stating that all remittances to the Certificate Administrator required by this Agreement to be made by
the Master Servicer have been made (or, in the case of any such required remittance that has not been made by the Master Servicer, specifying
the nature and status thereof) and showing, for the period from the preceding Master Servicer Remittance Date (or, in the case of the
first Master Servicer Remittance Date, from the Cut-Off Date) to such Master Servicer Remittance Date, the aggregate of deposits into
and withdrawals from the Collection Account and each Whole Loan Custodial Account for each category of deposit specified in Section 3.05(a)
of this Agreement and each category of withdrawal specified in Section 3.06 of this Agreement. The Master Servicer shall also
deliver to the Certificate Administrator and (solely as to a Serviced Whole Loan) the related Serviced Companion Loan Holder, upon reasonable
request of the Certificate Administrator or any Serviced Companion Loan Holder, any and all additional information relating to the Mortgage
Loans or Serviced Whole Loans in the possession of the Master Servicer (which information shall be based upon reports delivered to the
Master Servicer by the Special Servicer with respect to Specially Serviced Loans and REO Properties).

Further, the Master Servicer
shall cooperate with the Special Servicer and provide the Special Servicer with the information in the possession of the Master Servicer
reasonably requested by the Special Servicer, in writing, to the extent required to allow the Special Servicer to perform its obligations
under this Agreement with respect to those Trust Loans serviced by the Master Servicer.

The obligation of the Master
Servicer to deliver the reports required to be delivered by it pursuant to this subsection is subject to the Master Servicer having received
from the Special

    	 	- 375 -	 

     

    

Servicer in a timely manner the related reports
and information in the possession of the Special Servicer necessary or required to enable the Master Servicer to prepare and deliver such
reports. The Master Servicer shall not be responsible for the accuracy or content of any report, document or information furnished by
the Special Servicer to the Master Servicer pursuant to this Agreement and accepted by the Master Servicer in good faith pursuant to this
Agreement.

The obligation of the Special
Servicer to deliver the reports required to be delivered by it pursuant to this subsection is subject to the Special Servicer having received
from the Master Servicer in a timely manner the related reports and information in the possession of the Master Servicer necessary or
required to enable the Special Servicer to prepare and deliver such reports. The Special Servicer shall not be responsible for the accuracy
or content of any report, document or information furnished by the Master Servicer to the Special Servicer pursuant to this Agreement
and accepted by the Special Servicer in good faith pursuant to this Agreement.

With respect to an Outside
Serviced Mortgage Loan, the Master Servicer shall deliver information comparable to the above-described information to the same Persons
as described above in this Section 4.02(b) and according to the same time frames as described above in this Section 4.02(b),
with reasonable promptness following such Master Servicer’s receipt of such information from the related Outside Servicer under
the applicable Outside Servicing Agreement.

(c)                  Not
later than 5:00 p.m. New York time on each Determination Date, the Special Servicer shall forward to the Master Servicer, for
each Specially Serviced Loan and REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan), a CREFC®
Special Servicer Loan File and CREFC® Special Servicer Property File. The Special Servicer shall also deliver to
the Certificate Administrator, upon the reasonable written request of the Certificate Administrator, any and all additional information
in the possession of the Special Servicer relating to the Specially Serviced Loans and the REO Properties (other than an REO Property
related to an Outside Serviced Mortgage Loan).

The Special Servicer shall
cooperate with the Master Servicer and provide the Master Servicer with the information in the possession of the Special Servicer reasonably
requested by the Master Servicer, in writing, to the extent required to allow the Master Servicer to perform its obligations under this
Agreement with respect to the Specially Serviced Loans and REO Properties (other than an REO Property related to an Outside Serviced Mortgage
Loan).

The Master Servicer may make
available to Privileged Persons copies of any reports or files prepared by the Master Servicer pursuant to this Agreement. The Master
Servicer may make information concerning the Mortgage Loans or Serviced Whole Loans available on any website that it has established.

With respect to an Outside
Serviced Mortgage Loan, the Master Servicer shall deliver information comparable to the above-described information to the extent
received from the related Outside Servicer or the related Outside Special Servicer, as applicable, to the same Persons as described above
in this Section 4.02(c) and according to the same time frames as described above in this Section 4.02(c), with
reasonable promptness following such Master Servicer’s receipt

    	 	- 376 -	 

     

    

of such information from the related Outside
Servicer under the related Outside Servicing Agreement.

Upon the reasonable request
of (i) any Certificateholder, Certificate Owner or the Uncertificated VRR Interest Owner that has delivered an appropriate Investor Certification
or (ii) any other Privileged Person so identified by a Certificate Owner, the Uncertificated VRR Interest Owner or an Underwriter, the
Master Servicer shall provide (or forward electronically) at the expense of such Privileged Person, Certificateholder, Certificate Owner
or the Uncertificated VRR Interest Owner, as applicable, copies of any appraisals, operating statements, rent rolls and financial statements
obtained by the Master Servicer; provided that in no event shall an Excluded Controlling Class Holder be entitled to Excluded Information
with respect to an Excluded Controlling Class Mortgage Loan with respect to which it is a Borrower Party; and provided, further, that
no Certificateholders, Certificate Owners or Uncertificated VRR Interest Owner shall be given access to or be provided copies of, any
Mortgage Files or Diligence Files except, solely with respect to Mortgage Files, as otherwise provided in Section 8.11(b)
of this Agreement. In connection with such request, the Master Servicer may require (1) a written confirmation executed by the requesting
Person substantially in such form as may be reasonably acceptable to the Master Servicer, generally to the effect that (a) such Person
will keep such information confidential and will use such information only for the purpose of analyzing asset performance and evaluating
any continuing rights the Certificateholder, Certificate Owner or Uncertificated VRR Interest Owner may have under this Agreement and
(b) if the requesting party is neither a Certificateholder nor a Certificate Owner and is not the Uncertificated VRR Interest Owner, such
Person is Privileged Person, and (2) payment of a sum sufficient to cover the reasonable costs and expenses of providing copies of such
reports or information (which amounts in any event are not reimbursable as Additional Trust Fund Expenses), except that, other than for
extraordinary or duplicate requests, any Directing Holder or Consulting Party (other than the holder of a Serviced Companion Loan held
outside the Trust or its representative) will be entitled to reports and information free of charge. For the avoidance of doubt, the Master
Servicer shall not make any Asset Status Reports or Final Asset Status Reports available to any Certificateholders, any Certificate Owners
or the Uncertificated VRR Interest Owner on its website. None of the parties to this Agreement shall provide any Asset Status Report or
any Final Asset Status Report to the Certificate Administrator (provided that the Special Servicer shall provide a summary of each
Final Asset Status Report to the Certificate Administrator pursuant to Section 3.21(b)). If the Certificate Administrator receives
any Asset Status Report or any Final Asset Status Report, the Certificate Administrator shall not provide any such Asset Status Report
or any Final Asset Status Report to any Certificateholder, any Certificate Owner or the Uncertificated VRR Interest Owner and shall not
post any such Asset Status Report or any Final Asset Status Report to the Certificate Administrator’s Website. As an alternative
to providing copies of any information as contemplated by this paragraph, the Master Servicer may, consistent with the terms above and
the other terms of this Agreement, provide access to such information on its website at no expense to the requesting party.

(d)                 The
Master Servicer shall withdraw from the Collection Account and pay the CREFC® Intellectual Property Royalty License Fee
to CREFC® in accordance with Section 3.06(a)(vi) on a monthly basis, from funds on deposit in the Collection
Account. Any payments of the CREFC® Intellectual Property Royalty License Fee shall be made to

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“CRE Finance Council” and
delivered by wire transfer pursuant to instructions provided by CREFC® to the Master Servicer.

(e)                  Upon
the reasonable request of the Controlling Class Representative or any Controlling Class Certificateholder that, in either
case, is an Excluded Controlling Class Holder with respect to any Excluded Controlling Class Mortgage Loan identified to
the Master Servicer’s (in the case of a Performing Serviced Loan) or the Special Servicer’s (in the case of a Specially Serviced
Loan) reasonable satisfaction (at the expense of the Controlling Class Representative or such Controlling Class Certificateholder)
and if such information is in the Master Servicer’s or Special Servicer’s possession, as applicable, the Master Servicer
or Special Servicer, shall provide or make available (or forward electronically) to the Controlling Class Representative or such
Controlling Class Certificateholder, as applicable, (at the expense of the Controlling Class Representative or such Controlling
Class Certificateholder, as applicable) any Excluded Information (available to Privileged Persons through the Certificate Administrator’s
Website but not accessible to the Controlling Class Representative or such Controlling Class Certificateholder, as applicable,
through the Certificate Administrator’s Website because the Controlling Class Representative or such Controlling Class Certificateholder,
as applicable, is an Excluded Controlling Class Holder with respect to another Excluded Controlling Class Mortgage Loan)
relating to any Excluded Controlling Class Mortgage Loan with respect to which the Controlling Class Representative or
such Controlling Class Certificateholder, as applicable, is not a Borrower Party; provided that, in connection therewith,
the Master Servicer or Special Servicer may require a written confirmation executed by the requesting Person substantially in such form
as may be reasonably acceptable to the Master Servicer or Special Servicer, generally to the effect that such Person is the Controlling
Class Representative or a Controlling Class Certificateholder, will keep such Excluded Information confidential and is
not a Borrower Party, upon which the Master Servicer or Special Servicer may conclusively rely. In addition, the Master Servicer and
the Special Servicer shall be entitled to conclusively rely on delivery from the Controlling Class Representative or a Controlling
Class Certificateholder, as applicable, of an Investor Certification substantially in the form of Exhibit M-1C
that such Controlling Class Representative or Controlling Class Certificateholder is not an Excluded Controlling Class Holder
with respect to a particular Mortgage Loan. For the avoidance of doubt, the Special Servicer referenced in this Section 4.02(e)
shall include any applicable Excluded Mortgage Loan Special Servicer with respect to the related Excluded Special Servicer Mortgage
Loan(s).

(f)                
For the purposes of obtaining information and notices (including access to information and notices on the Certificate Administrator’s
Website) pursuant to this Section 4.02, in the case of a Whole Loan with a related Consulting Party (other than the Controlling
Class Certificateholder), such Consulting Party shall be required to certify in the applicable Investor Certification that it is not a
borrower party, borrower restricted party, restricted holder or any other analogous concept under the related Co-Lender Agreement, and
references to “Borrower Party” shall be deemed to refer to a “borrower party”, “borrower restricted party”,
“restricted holder” or any other analogous concept under the related Co-Lender Agreement.

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Section 4.03          
Compliance With Withholding Requirements.

(a)              
Notwithstanding any other provision of this Agreement, the Paying Agent shall comply with all federal withholding requirements
with respect to payments to Certificateholders and the Uncertificated VRR Interest Owner of interest or original issue discount that the
Paying Agent reasonably believes are applicable under the Code. The consent of Certificateholders and/or the Uncertificated VRR Interest
Owner shall not be required for any such withholding. In the event the Paying Agent or its agent withholds any amount from interest or
original issue discount payments or advances thereof to any Certificateholder or the Uncertificated VRR Interest Owner pursuant to federal
withholding requirements, the Paying Agent shall indicate the amount withheld to such Certificateholder or the Uncertificated VRR Interest
Owner. Any amount so withheld shall be treated as having been distributed to such Certificateholder or the Uncertificated VRR Interest
Owner for all purposes of this Agreement.

(b)                 Each
Certificate Owner and Certificateholder and the Uncertificated VRR Interest Owner, by the purchase of a Certificate or the Uncertificated
VRR Interest or its acceptance of a beneficial interest therein, acknowledges that interest on the Certificates and the Uncertificated
VRR Interest will be treated as United States source interest, and, as such, United States withholding tax may apply. Each such Certificate
Owner, each such Certificateholder and the Uncertificated VRR Interest Owner further agrees, upon request, to provide any certifications
that may be required under applicable law, regulations or procedures to evidence its status for United States withholding tax purposes
and understands that if it ceases to satisfy the foregoing requirements or provide requested documentation, payments to it under the
Certificates may be subject to United States withholding tax (without any corresponding gross-up). Without limiting the foregoing, if
a payment made under this Agreement would be subject to United States federal withholding tax imposed by FATCA if the recipient of such
payment were to fail to comply with FATCA (including the requirements of Code Sections 1471(b) or 1472(b), as applicable), such recipient
shall deliver to the Paying Agent, with a copy to each of the Trustee and the Certificate Administrator, at the time or times prescribed
by the Code and at such time or times reasonably requested by the Paying Agent or the Trustee, such documentation prescribed by the Code
(including as prescribed by Code Section 1471(b)(3)(C)(i)) and such additional documentation reasonably requested by the Paying
Agent, the Trustee or the Certificate Administrator to comply with their respective obligations under FATCA, to determine that such recipient
has complied with such recipient’s obligations under FATCA, or to determine the amount to deduct and withhold from such payment.
For these purposes, “FATCA” means Section 1471 through 1474 of the Code and any regulations or official interpretations
thereof (including any revenue ruling, revenue procedure, notice or similar guidance issued by the U.S. Internal Revenue Service thereunder
as a precondition to relief or exemption from taxes under such Sections, regulations and interpretations), any agreements entered into
pursuant to Code Section 1471(b)(1), and including any amendments made to FATCA after the date of this Agreement.          

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Section 4.04
                    REMIC
Compliance.

(a)                  The
parties intend that each Trust REMIC shall constitute, and that the affairs of each Trust REMIC shall be conducted so as to qualify it
as, a “real estate mortgage investment conduit” as defined in, and in accordance with, the REMIC Provisions, and the provisions
hereof shall be interpreted consistently with this intention. In furtherance of such intention, the Certificate Administrator shall,
to the extent permitted by applicable law, act as agent, and is hereby appointed to act as agent, of each Trust REMIC and shall on behalf
of each Trust REMIC: (i) prepare, timely deliver to the Trustee for execution (and the Trustee shall timely execute) and file,
or cause to be prepared and filed, all required Tax Returns for each Trust REMIC, using a calendar year as the taxable year for each
Trust REMIC when and as required by the REMIC Provisions and other applicable federal, state or local income tax laws; (ii) make
an election, on behalf of each Trust REMIC, to be treated as a REMIC on IRS Form 1066 for its first taxable year ending December 31,
2022, in accordance with the REMIC Provisions; (iii) prepare and forward, or cause to be prepared and forwarded, to the Certificateholders
(other than the Holders of the Class S Certificates), the Uncertificated VRR Interest Owner and the IRS and applicable state and
local tax authorities all information reports as and when required to be provided to them in accordance with the REMIC Provisions of
the Code; (iv) if the filing or distribution of any documents of an administrative nature not addressed in clauses (i)
through (iii) of this Section 4.04(a) is then required by the REMIC Provisions in order to maintain the status of
each Trust REMIC as a REMIC or is otherwise required by the Code, prepare, sign and file or distribute, or cause to be prepared and signed
and filed or distributed, such documents with or to such Persons when and as required by the REMIC Provisions or the Code or comparable
provisions of state and local law; (v) obtain a taxpayer identification number for the Upper-Tier REMIC, the Trust Subordinate
Companion Loan REMIC and the Lower-Tier REMIC on IRS Form SS-4, and, within thirty days of the Closing Date, furnish or
cause to be furnished to the IRS, on IRS Form 8811 or as otherwise may be required by the Code, the name, title and address of
the Person that the holders of the Certificates and the Uncertificated VRR Interest Owner may contact for tax information relating thereto
(and the Certificate Administrator shall act as the representative of each Trust REMIC for this purpose), together with such additional
information as may be required by such IRS Form, and shall update such information at the time or times and in the manner required by
the Code (and the Depositor agrees within 10 Business Days of the Closing Date to provide any information reasonably requested by the
Master Servicer or the Certificate Administrator and necessary to make such filing); and (vi) maintain such records relating to
each Trust REMIC as may be necessary to prepare the foregoing returns, schedules, statements or information, such records, for federal
income tax purposes, to be maintained on a calendar year and on an accrual basis.

The Certificate Administrator
shall be the “partnership representative” of each Trust REMIC (within the meaning of Code Section 6223, to the extent
such provision is applicable to the Trust REMICs). The Certificate Administrator shall make any elections allowed under the Code (i) to
avoid the application of Section 6221 of the Code (or successor provision) to any Trust REMIC and (ii) to avoid payment by any Trust
REMIC under Section 6225 of the Code of any tax, penalty, interest or other amount imposed under the Code that would otherwise be
imposed on any holder of any residual interest of any Trust REMIC, past or present. Each Holder of a

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Percentage Interest in the Class R Certificates,
by acceptance thereof, is deemed to agree to any such elections and to the Certificate Administrator’s acting as “partnership
representative” of each Trust REMIC that can be designated under the Code.

The Certificate Administrator
shall not intentionally take any action or intentionally omit to take any action within its control and the scope of its duties if, in
taking or omitting to take such action, the Certificate Administrator knows that such action or omission (as the case may be) would
cause the termination of the REMIC status of a Trust REMIC or the imposition of tax on a Trust REMIC (other than a tax on income expressly
permitted or contemplated to be received by the terms of this Agreement).

Notwithstanding any provision
of this paragraph or the three preceding paragraphs to the contrary, the Certificate Administrator shall not be required to take any action
that the Certificate Administrator in good faith believes to be inconsistent with any other provision of this Agreement, nor shall the
Certificate Administrator be deemed in violation of this paragraph if it takes any action expressly required or authorized by any other
provision of this Agreement, and the Certificate Administrator shall have no responsibility or liability with respect to any act or omission
of the Depositor or the Master Servicer which does not enable the Certificate Administrator to comply with any of clauses (i) through
(vi) of the third preceding paragraph or which results in any action contemplated by clauses (i) through (iii) of the next succeeding
sentence. In this regard the Certificate Administrator shall (i) not allow the occurrence of any “prohibited transactions”
within the meaning of Code Section 860F(a), unless the party seeking such action shall have delivered to the Certificate Administrator
an Opinion of Counsel (at such party’s expense) that such occurrence would not (a) result in a taxable gain, (b) otherwise
subject a Trust REMIC to tax (other than a tax at the corporate tax rate on net income from foreclosure property), or (c) cause any
Trust REMIC to fail to qualify as a REMIC for federal income tax purposes; (ii) not allow a Trust REMIC to receive income from the
performance of services or from assets not permitted under the REMIC Provisions to be held by such Trust REMIC (provided, however,
that the receipt of any income expressly permitted or contemplated by the terms of this Agreement shall not be deemed to violate this
clause); and (iii) not permit the creation of any “interests,” within the meaning of the REMIC Provisions, (A) in the
Upper-Tier REMIC other than the Non-Vertically Retained Regular Certificates, the Class VRR Upper-Tier Regular Interest,
the Loan-Specific Certificates and the Upper-Tier Residual Interest, (B) in the Lower-Tier REMIC other than the Lower-Tier
Regular Interests and the Lower-Tier Residual Interest or (C) in the Trust Subordinate Companion Loan REMIC other than the Trust Subordinate
Companion Loan Regular Interests and the Trust Subordinate Companion Loan Residual Interest. None of the Trustee, the Master Servicer,
the Special Servicer or the Depositor shall be responsible or liable for any failure by the Certificate Administrator to comply with the
provisions of this Section 4.04. The Depositor, the Master Servicer and the Special Servicer shall cooperate in a timely manner
with the Certificate Administrator in supplying any information within the Depositor’s, the Master Servicer’s or the Special
Servicer’s control (other than any confidential information) that is reasonably necessary to enable the Certificate Administrator
to perform its duties under this Section 4.04.

(b)              
The following assumptions are to be used for purposes of determining the anticipated payments of principal and interest for calculating
the original yield to maturity and original issue discount with respect to the Non-Vertically Retained Regular Certificates

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and the Class VRR Upper-Tier
Regular Interest: (i) each Mortgage Loan will pay principal and interest in accordance with its terms and scheduled payments will
be timely received on their Due Dates, provided that the Mortgage Loans in the aggregate will prepay in accordance with the Prepayment
Assumption; (ii) none of the Master Servicer, the Special Servicer, the Depositor and the Class R Certificateholder will exercise
the right described in Section 9.01 of this Agreement to cause early termination of the Trust Fund; and (iii) no Mortgage
Loan is repurchased or substituted for by the applicable Mortgage Loan Seller pursuant to Article II of this Agreement.

Section 4.05             Imposition
of Tax on the Trust REMICs. In the event that any tax, including interest, penalties or assessments, additional amounts or additions
to tax, is imposed on a Trust REMIC, such tax shall be charged against amounts otherwise distributable with respect to the Non-Vertically
Retained Regular Certificates, the Class VRR Upper-Tier Regular Interest, the Loan-Specific Certificates and the Class R
Certificates, as applicable; provided that any taxes imposed on any net income from foreclosure property pursuant to Code Section 860G(d) or
any similar tax imposed by a state or local jurisdiction shall instead be treated as an expense of the related REO Property in determining
Net REO Proceeds with respect to the REO Property (and until such taxes are paid, the Special Servicer from time to time shall withdraw
from the REO Account and transfer to the Certificate Administrator for deposit into the Distribution Accounts, as applicable, amounts
reasonably determined by the Certificate Administrator to be necessary to pay such taxes, and the Certificate Administrator shall return
to the Special Servicer the excess determined by the Certificate Administrator from time to time of the amount in excess of the amount
necessary to pay such taxes); provided that any such tax imposed on net income from foreclosure property that exceeds the amount in any
such reserve shall be retained from Aggregate Available Funds or Trust Subordinate Companion Loan Available Funds, as applicable, as
provided in Section 3.06(a)(vii) of this Agreement and the next sentence. Except as provided in the preceding sentence,
the Certificate Administrator is hereby authorized to and shall retain or cause to be retained from the Distribution Account in determining
the amount of Aggregate Available Funds and Trust Subordinate Companion Loan Available Funds, as applicable, sufficient funds to pay
or provide for the payment of, and to actually pay, such tax as is legally owed by the applicable Trust REMIC (but such authorization
shall not prevent the Certificate Administrator from contesting, at the expense of the Trust Fund, any such tax in appropriate proceedings,
and withholding payment of such tax, if permitted by law, pending the outcome of such proceedings). The Certificate Administrator is
hereby authorized to and shall segregate or cause to be segregated, into a separate non-interest bearing account, (i) the
net income from any “prohibited transaction” under Code Section 860F(a) or (ii) the amount of any contribution
to a Trust REMIC after the Startup Day that is subject to tax under Code Section 860G(d) and use such income or amount, to the
extent necessary, to pay such tax (and return the balance thereof, if any, to the related Distribution Account). To the extent that any
such tax is paid to the IRS, the Certificate Administrator shall retain an equal amount from future amounts otherwise distributable to
the Holders of the Class R Certificates in respect of the related residual interest and shall distribute such retained amounts
to the Holders of Non-Vertically Retained Regular Certificates in respect of such Certificates, to the Holders of the Class VRR
Certificates and the Uncertificated VRR Interest Owner in respect of the Class VRR Upper-Tier Regular Interest, to the Holders
of the Loan-Specific Certificates in respect of such Certificates or to the Certificate Administrator in respect of the Lower-Tier
Regular Interests or the Trust Subordinate Companion Loan Regular Interests, as applicable, until they are fully reimbursed and then
to the Holders of the Class R Certificates in respect of the related residual

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interest. None of the Master Servicer, the
Special Servicer, the Certificate Administrator or the Trustee shall be responsible for any taxes imposed on a Trust REMIC except to the
extent such tax is attributable to a breach of a representation or warranty of the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee or an act or omission of the Master Servicer, the Special Servicer, the Certificate Administrator or the
Trustee in contravention of this Agreement in both cases, provided, further, that such breach, act or omission could result
in liability under Section 6.03, in the case of the Master Servicer or the Special Servicer, as applicable, or Section 4.04
or Section 8.01, in the case of the Certificate Administrator or the Trustee. Notwithstanding anything in this Agreement to
the contrary, in each such case, the Master Servicer or the Special Servicer shall not be responsible for the Certificate Administrator’s,
the Authenticating Agent’s, the Certificate Registrar’s, the Paying Agent’s or the Trustee’s breaches, acts or
omissions, and the Trustee shall not be responsible for the breaches, acts or omissions of the Certificate Administrator, the Master Servicer,
the Special Servicer, the Authenticating Agent, the Certificate Registrar or the Paying Agent, and the Certificate Administrator shall
not be responsible for the breaches, acts or omissions of the Trustee, the Master Servicer, the Special Servicer and, in each case if
a different entity than the Certificate Administrator, the Authenticating Agent, the Certificate Registrar or the Paying Agent.

Section 4.06          
Remittances; P&I Advances.

(a)              
On the Master Servicer Remittance Date immediately preceding each Distribution Date, the Master Servicer shall:

(i)                  remit
to the Certificate Administrator (A) for deposit in the Lower-Tier REMIC Distribution Account an amount equal to the Yield Maintenance
Charges applicable to the Mortgage Loans (but not a Companion Loan) received by the Master Servicer during the Collection Period relating
to such Distribution Date (or, in the case of an Outside Serviced Mortgage Loan, received by the Master Servicer as of the close of business
on the Business Day immediately preceding the applicable Master Servicer Remittance Date and not previously so remitted to the Certificate
Administrator) and (B) for deposit in the Trust Subordinate Companion Loan REMIC Distribution Account an amount equal to the Yield Maintenance
Charges applicable to the Trust Subordinate Companion Loan received by the Master Servicer during the Collection period relating to such
Distribution Date;

(ii)              
remit to the Certificate Administrator (A) for deposit in the Lower-Tier REMIC Distribution Account an amount equal to the
Aggregate Available Funds applicable to the Mortgage Loans (other than the amounts referred to in clause (iv) below and clause (e)
of the definition of “Aggregate Available Funds”); and (B) for deposit in the Trust Subordinate Companion Loan REMIC
Distribution Account an amount equal to the Trust Subordinate Companion Loan Available Funds applicable to the Trust Subordinate Companion
Loan (other than the amounts referred to in clause (iv) below and clause (d) of the definition of “Trust Subordinate Companion
Loan Available Funds”);

    	 	- 383 -	 

     

    

(iii)              
 remit to CREFC® the CREFC® Intellectual Property Royalty License Fee;

(iv)               make
a P&I Advance (A) with respect to the Regular Certificates by remittance to the Certificate Administrator for deposit into the Lower-Tier
REMIC Distribution Account, in an amount equal to the sum of the Applicable Monthly Payments for each Mortgage Loan (including any Outside
Serviced Mortgage Loan, any REO Mortgage Loan and any Mortgage Loan related to a Whole Loan, but not a Companion Loan) to the extent
such amounts were not received by the Master Servicer on such Mortgage Loan as of the close of business on the Determination Date (without
regard to any grace period) in the same month as (or, in the case of an Outside Serviced Mortgage Loan, was not received by the Master
Servicer on such Mortgage Loan as of the close of business on the Business Day immediately preceding) such Master Servicer Remittance
Date) and (B) with respect to the Loan-Specific Certificates by remittance to the Certificate Administrator for deposit into the Trust
Subordinate Companion Loan REMIC Distribution Account, in an amount equal to the Applicable Monthly Payment for the Trust Subordinate
Companion Loan to the extent such amount was not received by the Master Servicer on the Trust Subordinate Companion Loan as of the close
of business on the Determination Date (without regard to any grace period) in the same month as such Master Servicer Remittance Date,
except that, in each case, the portion of any such P&I Advance equal to the CREFC® Intellectual Property Royalty License
Fee for each such Mortgage Loan or Trust Subordinate Companion Loan, as applicable, shall not be remitted to the Certificate Administrator
but shall instead be remitted to CREFC® and the portion of such P&I Advance equal to the Asset Representations Reviewer
Ongoing Fee (other than with respect to the Trust Subordinate Companion Loan), the Operating Advisor Fee or the Trustee/Certificate Administrator
Fee, to the extent the subject fee remains unpaid to the applicable party hereunder, shall be deposited in the Collection Account or
the applicable Whole Loan Custodial Account, as applicable, for payment to such party;

(v)                 remit
to the Certificate Administrator, as compensation for it and the Trustee, the Trustee/Certificate Administrator Fee for the related Distribution
Date out of the amounts from which it is payable;

(vi)               remit
to the Certificate Administrator for deposit in the Excess Liquidation Proceeds Reserve Account an amount equal to the Excess Liquidation
Proceeds received during the related Collection Period (or, in the case of an Outside Serviced Mortgage Loan, received by the Master
Servicer as of the close of business on the Business Day immediately preceding the applicable Master Servicer Remittance Date and not
previously so remitted to the Certificate Administrator), if any; and

(vii)                  remit
to the Certificate Administrator for deposit in the Excess Interest Distribution Account all Excess Interest for the related Distribution
Date

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then on deposit in the Collection Account
after giving effect to withdrawals of funds pursuant to Section 3.06(a)(ii) through Section 3.06(a)(ix) of this
Agreement.

Neither the Master Servicer
nor the Trustee shall be required or permitted to make an advance for Balloon Payments, Default Interest, Excess Interest or Yield Maintenance
Charges, or delinquent Monthly Payments on the Companion Loans (other than the Trust Subordinate Companion Loan) or any REO Companion
Loans (other than any successor REO Companion Loan with respect to the Trust Subordinate Companion Loan). The amount required to be advanced
in respect of delinquent payments of interest on any Mortgage Loan or Trust Subordinate Companion Loan as to which an Appraisal Reduction
Amount exists will equal the product of (i) the amount otherwise required to be advanced by the Master Servicer with respect to delinquent
payments of interest without giving effect to such Appraisal Reduction Amounts, and (ii) a fraction, the numerator of which is the Stated
Principal Balance of such Mortgage Loan or Trust Subordinate Companion Loan as of the last day of the related Collection Period, reduced
by such Appraisal Reduction Amount, and the denominator of which is the Stated Principal Balance of such Mortgage Loan or Trust Subordinate
Companion Loan as of the last day of the related Collection Period. Appraisal Reduction Amounts shall not affect the principal portion
of any P&I Advances.

Any amount advanced by the
Master Servicer pursuant to Section 4.06(a)(iv) of this Agreement shall constitute a P&I Advance for all purposes of this
Agreement and the Master Servicer shall be entitled to reimbursement (with interest at the Advance Rate). The Special Servicer shall have
no obligation to make any P&I Advance.

The Certificate Administrator
shall notify the Master Servicer and the Trustee by telephone if as of 3:00 p.m., New York City time, on the Master Servicer Remittance
Date, the Certificate Administrator has not received the amount of a required P&I Advance hereunder. If as of 11:00 a.m., New
York City time, on any Distribution Date the Master Servicer shall not have made the P&I Advance required to have been made on the
related Master Servicer Remittance Date pursuant to Section 4.06(a)(iv) of this Agreement, the Certificate Administrator shall
notify the Trustee and the Trustee shall no later than 1:00 p.m., New York City time, on such Business Day deposit into the Lower-Tier
REMIC Distribution Account or the Trust Subordinate Companion Loan REMIC Distribution Account, as applicable, in immediately available
funds an amount equal to the P&I Advances otherwise required to have been made by the Master Servicer.

Neither the Master Servicer
nor the Trustee shall be obligated to make a P&I Advance as to any Monthly Payment on any date on which a P&I Advance is otherwise
required to be made by this Section 4.06 if the Master Servicer or the Trustee, as applicable, or the Special Servicer determines
that such Advance will be a Nonrecoverable Advance. The determination by any Person with an obligation hereunder to make P&I Advances
that it has made (or in the case of a determination by the Special Servicer, that the Master Servicer or the Trustee has made) a Nonrecoverable
Advance or the determination by the Special Servicer, the Master Servicer or the Trustee that any proposed P&I Advance, if made, would
constitute a Nonrecoverable Advance, shall be made by such Person (i) in the case of the Master Servicer or the Special Servicer,
in accordance with the Servicing Standard or (ii) in the case of the Trustee, in its good faith business judgment, and shall be evidenced
by an Officer’s Certificate as set forth in Section 4.06(b). In connection with a determination by the Special Servicer,
the Master Servicer or the Trustee as to

    	 	- 385 -	 

     

    

whether a P&I Advance previously made or
to be made constitutes or would constitute a Nonrecoverable Advance:

(A)            
any such Person will be entitled to consider (among other things) the obligations of the Mortgagor under the terms of the
related Mortgage Loan or Serviced Whole Loan as it may have been modified, to consider (among other things) the related Mortgaged
Properties in their “as is” or then current conditions and occupancies, as modified by such party’s assumptions regarding
the possibility and effects of future adverse change with respect to such Mortgaged Properties, to estimate and consider (among other
things) future expenses and to estimate and consider (among other things) the timing of recoveries;

(B)             
any such Person may update or change its recoverability determinations at any time (but not reverse any other Person’s determination
that an Advance is a Nonrecoverable Advance) and may obtain at the expense of the Trust Fund any analysis, Appraisals or market value
estimates or other information for such purposes;

(C)             
the Special Servicer may, at its option, make a determination in accordance with the Servicing Standard that any proposed P&I
Advance, if made, would be a Nonrecoverable Advance or that any outstanding P&I Advance is a Nonrecoverable Advance and may deliver
to the Master Servicer, the Trustee, any applicable Directing Holder and the Controlling Class Representative if it is an applicable
Consulting Party, notice of such determination, which determination shall be conclusive and binding on the Master Servicer and the Trustee;

(D)                 although
the Special Servicer may determine whether a P&I Advance is a Nonrecoverable Advance, the Special Servicer will have no right to
(i) make an affirmative determination that any P&I Advance previously made or to be made (or contemplated to be made) by the Master
Servicer or the Trustee is, or would be, recoverable or (ii) reverse any determination that may have been made by the Master Servicer
or the Trustee or to prohibit the Master Servicer or the Trustee from making a determination that a P&I Advance constitutes or would
constitute a Nonrecoverable Advance; provided that this sentence will not be construed to limit the Special Servicer’s right to
make a determination that a P&I Advance to be made (or contemplated to be made) would be, or a previously made Advance is, a Nonrecoverable
Advance, as described in this Section 4.06;

(E)                  any
non-recoverability determination by the Master Servicer or the Special Servicer pursuant to this Section 4.06 with
respect to the recoverability of P&I Advances shall be conclusive and binding on the Master Servicer (in the case of such a determination
by the Special Servicer) and the Trustee;

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(F)              
 the Master Servicer shall provide notice to the Trustee on or prior to the Master Servicer Remittance Date of any such non-recoverability
determination made by the Master Servicer on or prior to such date;

(G)              
the Trustee shall be entitled to rely, conclusively, on any determination by the Master Servicer or Special Servicer that a P&I
Advance, if made, would be a Nonrecoverable Advance; provided, however, that if the Master Servicer has failed to make a
P&I Advance for reasons other than a determination by the Master Servicer or Special Servicer that such Advance would be a Nonrecoverable
Advance, the Trustee shall make such advance within the time periods required by this Section 4.06 unless the Trustee, in
its good faith business judgment, or the Special Servicer, in accordance with the Servicing Standard, makes a determination prior to the
times specified in this Section 4.06 that such advance would be a Nonrecoverable Advance;

(H)                 the
Special Servicer shall report, promptly upon making a determination contemplated in this paragraph, to the Master Servicer the Special
Servicer’s determination as to whether any P&I Advance made with respect to any previous Distribution Date or required to be
made with respect to a future Distribution Date with respect to any Specially Serviced Loan is a Nonrecoverable P&I Advance, and
if the Special Servicer determines that such P&I Advance is a Nonrecoverable P&I Advance, such determination shall be conclusive
and binding on the Master Servicer and the Trustee, and the Master Servicer and the Trustee shall be entitled to conclusively rely on
such determination; and

(I)                   notwithstanding
the foregoing, the Trustee may conclusively rely upon any determination by the Master Servicer or the Special Servicer that any P&I
Advance would be recoverable (unless a non-recoverability determination has been made by the other servicer in accordance with clause (E)
above which is binding on the Trustee), and the Master Servicer may conclusively rely upon any determination by the Special Servicer
that any P&I Advance would be recoverable.

The Master Servicer or the
Trustee, as applicable, shall be entitled to the reimbursement of P&I Advances it makes (together with interest thereon) to the extent
permitted pursuant to Section 3.06(a)(ii) of this Agreement and each of the Master Servicer and Special Servicer hereby covenants
and agrees to promptly seek and effect the reimbursement of such Advances from the related Mortgagors to the extent permitted by applicable
law and the related Trust Loan.

Within 2 Business Days of
making a P&I Advance on any Mortgage Loan that is part of a Whole Loan, the Master Servicer or the Trustee, as applicable, shall provide
written notice of the amount of such P&I Advance to (i) if such Mortgage Loan is part of a Serviced Whole Loan, the related Other
Servicer, Other Special Servicer and Other Trustee of each Other Securitization Trust that holds a related Serviced Companion Loan, if
any, or (ii) if such Mortgage Loan is part

    	 	- 387 -	 

     

    

of an Outside Serviced Whole Loan, the related
Outside Servicer, Outside Special Servicer and Outside Trustee of the related Outside Securitization Trust.

With respect to P&I Advances
and each Outside Serviced Mortgage Loan, the Master Servicer and the Trustee shall be entitled to rely on the “appraisal reduction
amount” calculated by the related Outside Special Servicer or the related Outside Servicer in accordance with the terms of the applicable
Outside Servicing Agreement.

For the avoidance of doubt,
if a Mortgage Loan is subject to a forbearance agreement, standstill agreement or similar agreement that provides for a temporary deferral
or similar temporary accommodation with respect to all or a portion of the related Monthly Payment, the Master Servicer shall make P&I
Advances for such Mortgage Loan based on the terms of the related Loan Documents in effect immediately prior to the date of such forbearance
or similar agreement, subject to any non-recoverability determination with respect to such Mortgage Loan.

(b)              
The determination by the Master Servicer, the Trustee or the Special Servicer that a P&I Advance has become a Nonrecoverable
P&I Advance or that any proposed P&I Advance, if made pursuant to this Section 4.06 with respect to any Mortgage Loan
(or with respect to any successor REO Mortgage Loan with respect to any of the foregoing), would constitute a Nonrecoverable P&I Advance,
shall be evidenced by an Officer’s Certificate delivered on or prior to the next Master Servicer Remittance Date to the Trustee
(unless it is the Person making the determination), any applicable Directing Holder and Consulting Party, the holder of any related Pari
Passu Companion Loan or its Companion Loan Holder Representative (in the case of a Pari Passu Whole Loan), the Master Servicer (unless
it is the Person making the determination), the Special Servicer (unless it is the Person making the determination) and, if the Trustee
is making the determination, the Depositor, setting forth the basis for such determination, together with any other information that supports
such determination together with a copy of any Appraisal of the related Mortgaged Property or REO Property, as the case may be (which
Appraisal shall be an expense of the Trust, shall take into account any material change in circumstances of which such Person is aware
or such Person has received new information, either of which has a material effect on the value and shall have been conducted in accordance
with the standards of the Appraisal Institute within the twelve months preceding such determination of nonrecoverability), and further
accompanied by related Mortgagor operating statements and financial statements, budgets and rent rolls of the related Mortgaged Property
(to the extent available and/or in such Person’s possession) and any engineers’ reports, environmental surveys or similar
reports that such Person may have obtained and that support such determination. The Master Servicer and the Special Servicer shall consider
Unliquidated Advances with respect to prior P&I Advances for the purpose of nonrecoverability determinations as if such amounts were
unreimbursed P&I Advances. For the avoidance of doubt, any non-recoverability determination with respect to the Trust Subordinate
Companion Loan will take into account the subordinate nature of the Trust Subordinate Companion Loan.

(c)              
With respect to each Outside Serviced Mortgage Loan, the Master Servicer, the Special Servicer or the Trustee shall make its determination
(based on information provided by the applicable Outside Servicer and Outside Special Servicer) that a P&I

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Advance that has been made on such Outside
Serviced Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) is a Nonrecoverable Advance or that any proposed P&I
Advance would, if made, constitute a Nonrecoverable Advance with respect to such Outside Serviced Mortgage Loan independently of any determination
made by the applicable Outside Servicer, the applicable Outside Special Servicer or the Outside Trustee, as the case may be, under the
applicable Outside Servicing Agreement in respect of the related Outside Serviced Companion Loan. If the Master Servicer, the Special
Servicer or the Trustee determines that a proposed P&I Advance with respect to an Outside Serviced Mortgage Loan, if made, or any
outstanding P&I Advance with respect to an Outside Serviced Mortgage Loan previously made, would be, or is, as applicable, a Nonrecoverable
Advance, the Master Servicer, the Special Servicer or the Trustee, as applicable, shall provide the applicable Outside Servicer and Outside
Special Servicer written notice of such determination within two (2) Business Days of the date of such determination. If the Master Servicer
receives written notice from the related Outside Servicer or the related Outside Special Servicer, as the case may be, that either has
determined, or the Outside Trustee has determined, in accordance with the applicable Outside Servicing Agreement with respect to an Outside
Serviced Companion Loan, that any proposed advance under the applicable Outside Servicing Agreement that is similar to a P&I Advance
would be, or any outstanding advance under such Outside Servicing Agreement that is similar to a P&I Advance is, a nonrecoverable
advance, then the Master Servicer, the Special Servicer or the Trustee may, based upon such determination, determine that any P&I
Advance previously made or proposed to be made with respect to the related Outside Serviced Mortgage Loan will be a Nonrecoverable P&I
Advance. Thereafter, in either case, the Master Servicer and the Trustee shall not be required to make any additional P&I Advances
with respect to the related Outside Serviced Mortgage Loan unless and until the Master Servicer or the Trustee, as the case may be, determines
that any such additional P&I Advances with respect to the related Outside Serviced Mortgage Loan would not be a Nonrecoverable P&I
Advance, which determination may be as a result of consultation with the related Outside Servicer or the related Outside Special Servicer,
as the case may be, or otherwise. For the avoidance of doubt, the Master Servicer, the Special Servicer or the Trustee, as the case may
be, shall have the sole discretion provided in this Agreement to determine that any future P&I Advance or outstanding P&I Advance
would be, or is, as applicable, a Nonrecoverable Advance. Any non-recoverability determination by the Master Servicer or the Special Servicer
pursuant to this Section 4.06 with respect to the recoverability of P&I Advances shall be conclusive and binding on the Master
Servicer (in the case of such a determination by the Special Servicer) and the Trustee.

(d)              
If the Trustee, the Master Servicer or the Special Servicer has received written notice from Fitch , Moody’s, KBRA or DBRS
Morningstar to the effect that continuation of the Master Servicer or the Special Servicer in such capacity would result in the downgrade,
qualification or withdrawal of any rating then assigned by Fitch, Moody’s, KBRA or DBRS Morningstar, as applicable, to any Class of
Certificates and citing servicing concerns with such Master Servicer or Special Servicer, as applicable, as the sole or material factor
in such rating action, and such notice is not rescinded within 60 days, then the Trustee, the Master Servicer or the Special Servicer,
as applicable, shall promptly notify the other such parties and the Certificate Administrator, and the Certificate

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Administrator shall promptly notify the
Serviced Companion Loan Holder and the applicable master servicer of any Serviced Companion Loan.

(e)                  Notwithstanding
any other terms of this Agreement, none of the Master Servicer, the Special Servicer nor the Trustee shall be entitled to recover: (1)
from any collections on a Trust Subordinate Companion Loan, any Nonrecoverable Advance made, or interest on any Nonrecoverable Advance
made, in respect of a Mortgage Loan (other than the Mortgage Loan related to such Trust Subordinate Companion Loan); or (2) any
Nonrecoverable Advance that is a P&I Advance made in respect of a Trust Subordinate Companion Loan or any interest due on such Advance
from any collections or amounts allocable to the Mortgage Loans (other than the Mortgage Loan related to such Trust Subordinate Companion
Loan). With respect to each Trust Subordinate Companion Loan, the Master Servicer, the Special Servicer or the Trustee shall only be
entitled to reimbursement for a P&I Advance (and any interest thereon) from the amounts that would have been allocable to such Trust
Subordinate Companion Loan or, if such P&I Advance is a Nonrecoverable Advance, allocable to the related Mortgage Loan and any related
Pari Passu Companion Loan.

(f)                   Notwithstanding
any other terms of this Agreement, none of the Master Servicer, the Special Servicer nor the Trustee shall be entitled to recover: (1)
from collections on a Trust Subordinate Companion Loan any Workout-Delayed Reimbursement Amounts in respect of a Mortgage Loan (other
than the Mortgage Loan related to such Trust Subordinate Companion Loan); or (2) any Workout-Delayed Reimbursement Amounts in respect
of a Trust Subordinate Companion Loan from any collections on or allocable to the Mortgage Loans (other than the Mortgage Loan related
to such Trust Subordinate Companion Loan). However, if the Workout-Delayed Reimbursement Amount relates to a Property Advance for
a Trust Subordinate Companion Whole Loan, the Master Servicer shall be entitled to recover such Workout-Delayed Reimbursement Amount
from general collections on deposit in the Collection Account for the Mortgage Pool and the applicable Trust Subordinate Companion Loan.

Section 4.07          
Grantor Trust Reporting.

(a)                  The
Certificate Administrator shall maintain adequate books and records to account for the separate entitlements of the Grantor Trust.

(b)                 The
parties intend that the Grantor Trust shall be treated as a “grantor trust” under the Code, and the provisions thereof shall
be interpreted consistently with this intention. In furtherance of such intention, none of the Depositor, the Master Servicer, the Special
Servicer, the Trustee or the Certificate Administrator shall vary the assets of the Grantor Trust so as to take advantage of market fluctuations
or so as to improve the rate of return of the Grantor Trust Certificates or the Uncertificated VRR Interest, and shall otherwise comply
with Treasury Regulations Section 301.7701-4(c). The Certificate Administrator shall timely file or cause to be timely filed
with the IRS Form 1041, Form 1099 or such other form as may be applicable and shall furnish or cause to be furnished to the Holders of
the respective Classes of the Grantor Trust Certificates and the Uncertificated VRR Interest Owner, their allocable share of income and
expense with

    	 	- 390 -	 

     

    

respect to the VRR Specific Grantor Trust
Assets, the Class S Specific Grantor Trust Assets and proceeds thereof as such amounts are received or accrue, as applicable.

(c)              
(i)The Grantor Trust is a WHFIT that is a WHMT. The Certificate Administrator shall report as required under the WHFIT Regulations
to the extent such information as is reasonably necessary to enable the Certificate Administrator to do so is provided to the Certificate
Administrator on a timely basis. The Certificate Administrator will not be liable for any tax reporting penalties that may arise under
the WHFIT Regulations in the event that the IRS makes a determination that is contrary to the first sentence of this paragraph.

(ii)             
The Certificate Administrator, in its discretion, shall report required WHFIT information using either the cash or accrual method,
except to the extent the WHFIT Regulations specifically require a different method. The Certificate Administrator shall make available
(via the Certificate Administrator’s Website) WHFIT information to Certificateholders and the Uncertificated VRR Interest Owner
annually. In addition, the Certificate Administrator shall not be responsible or liable for providing subsequently amended, revised or
updated information to any Certificateholder or Uncertificated VRR Interest Owner, unless requested by such Certificateholder or Uncertificated
VRR Interest Owner.

(iii)                 The
Certificate Administrator shall not be liable for failure to meet the reporting requirements of the WHFIT Regulations nor for any penalties
thereunder if such failure is due to: (i) the lack of reasonably necessary information that is not in its possession being provided
to the Certificate Administrator or (ii) incomplete, inaccurate or untimely information being provided to the Certificate Administrator.
Each owner of a class of securities representing, in whole or in part, beneficial ownership of an interest in a WHFIT, by acceptance
of its interest in such class of securities, will be deemed to have agreed to provide the Certificate Administrator with information
regarding any sale of such securities, including the price, amount of proceeds and date of sale. Absent receipt of information regarding
any sale of Certificates, including the price, amount of proceeds and date of sale from the beneficial owner thereof or the Depositor,
the Certificate Administrator shall assume there is no secondary market trading of WHFIT interests.

(d)                To
the extent required by the WHFIT Regulations, the Certificate Administrator shall use reasonable efforts to publish on the Certificate
Administrator’s Website the CUSIP Numbers for the Certificates that represent ownership of a WHFIT. The CUSIP Number so published
will represent the Rule 144A CUSIP Numbers. The Certificate Administrator shall make reasonable good faith efforts to keep the
website accurate and updated to the extent CUSIP Numbers have been received. Absent the receipt of a CUSIP Number, the Certificate Administrator
will use a reasonable identifier number in lieu of a CUSIP Number. The Certificate Administrator shall not be liable for investor reporting
delays that result from the receipt of inaccurate or untimely CUSIP Number information.

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Section 4.08         Calculations.

     Provided that the Certificate
Administrator receives the necessary loan-level information from the Master Servicer and/or the Special Servicer, the Certificate
Administrator shall be responsible for performing all calculations necessary in connection with the actual and deemed distributions to
be made pursuant to Section 4.01, the preparation of the Distribution Date Statements pursuant to Section 4.02(a)
and the actual and deemed allocations of Realized Losses to be made pursuant to Section 4.01. The Certificate Administrator
shall calculate the Principal Distribution Amount, the VRR Principal Distribution Amount, the Aggregate Principal Distribution Amount,
the Yorkshire & Lexington Towers Principal Distribution Amount, the Interest Distribution Amounts, the VRR Interest Distribution Amount,
the Yorkshire & Lexington Towers Interest Distribution Amount and the VRR Realized Loss Interest Distribution Amount for each Distribution
Date and shall allocate such amounts among Certificateholders and the Uncertificated VRR Interest Owner in accordance with this Agreement.
Absent actual knowledge of an error therein, the Certificate Administrator shall have no obligation to recompute, recalculate or otherwise
verify any loan-level information provided to it by the Master Servicer. The calculations by the Certificate Administrator contemplated
by this Section 4.08 shall, in the absence of manifest error, be deemed to be correct for all purposes hereunder.

Section 4.09            Secure
Data Room. (a) Within 60 days of the Closing Date, the Certificate Administrator shall create a Secure Data Room, and the
Depositor shall, upon the earlier of (i) receipt of all the Mortgage Loan Sellers’ Diligence File Certifications and (ii) the 120th
day following the Closing Date (but, in any event, no earlier than the date on which the Depositor has received a written notice from
the Certificate Administrator that the Secure Data Room has been created), deliver to the Certificate Administrator (but solely with
respect to any Diligence File(s) received by the Depositor as to which it has received the related Mortgage Loan Seller’s Diligence
File Certification) an electronic copy of the Diligence Files for the Mortgage Loans that have been uploaded by the Mortgage Loan Sellers
to the Designated Site. After the 120th day following the Closing Date, the Depositor may deliver any Mortgage Loan Seller’s Diligence
Files to the Certificate Administrator if it has not previously delivered such Mortgage Loan Seller’s Diligence Files to the Certificate
Administrator. Upon receipt thereof, the Certificate Administrator shall promptly upload the contents of each Diligence File to the Secure
Data Room. Access to the Secure Data Room shall be granted by the Certificate Administrator to (i) the Asset Representations Reviewer
and (ii) any other Person at the direction of the Depositor, in each case, upon the occurrence of an Affirmative Asset Review
Vote and receipt by the Certificate Administrator of a certification substantially in the form of Exhibit KK hereto. In
no case whatsoever shall Certificateholders or the Uncertificated VRR Interest Owner be permitted to access the Secure Data Room. For
the avoidance of doubt, the Certificate Administrator shall be under no obligation to post any documents to the Secure Data Room other
than the contents of the Diligence Files initially delivered to it by the Depositor with respect to each Mortgage Loan Seller.

(b)                 The
Certificate Administrator shall not have any obligation or duty to verify, review, confirm or otherwise determine whether the type, number
or contents of any Diligence File delivered to the Certificate Administrator is accurate, complete, or relates to the transaction or
confirm that all documents and information constituting any Diligence File have actually been delivered to the Certificate Administrator.
In no case shall the Certificate Administrator be deemed to have obtained actual or constructive

    	 	- 392 -	 

     

    

knowledge of the contents of, or information
contained in, any Diligence File by virtue of posting such Diligence File to the Secure Data Room. In the event that any document is posted
in error, the Certificate Administrator may remove such document from the Secure Data Room. The Certificate Administrator shall not have
any obligation to produce physical or electronic copies of any document provided to it for posting to the Secure Data Room. The Certificate
Administrator shall not be responsible or held liable for any other Person’s use or dissemination of the documents contained on
the Secure Data Room; provided that such event or occurrence is not also a result of its own negligence, bad faith or willful misconduct.
The Certificate Administrator shall not be required to restrict access to the Secure Data Room on a loan-by-loan basis and any
Person with access to the Secure Data Room shall covenant to access only the documents necessary to perform its duties and responsibilities
under this Agreement.

(c)                  Upon
the resignation or removal of the Certificate Administrator pursuant to Section 8.07, the Certificate Administrator shall
transfer electronic copies of the Diligence Files to a successor certificate administrator designated in writing by the Depositor or
the Master Servicer, and all costs and expenses associated with the transfer of the Diligence Files shall be payable as part of the costs
and expenses associated with the transfer of its responsibilities upon the resignation or removal of the Certificate Administrator pursuant
to Section 8.07. Following the date on which any Mortgage Loan is paid in full, liquidated, repurchased or otherwise removed
from the Trust, the Special Servicer may (but shall not be obligated to) direct the Certificate Administrator in writing to delete the
Diligence File related to such Mortgage Loan from the Secure Data Room; provided that absent such direction, the Certificate Administrator
shall not be obligated to delete any Diligence File from the Secure Data Room. Following the termination of the Trust pursuant to Section 9.01,
the Certificate Administrator shall be permitted to delete all files from the Secure Data Room. Upon deletion, in no event shall the
Certificate Administrator be obligated to reproduce or retrieve such deleted files.

Article
V

THE CERTIFICATES AND THE Loan-Specific CertificateS

Section 5.01          
The Certificates. (a) The Trust Certificates consist of the Certificates and the Loan-Specific Certificates. The Certificates
consist of the Regular Certificates, the Class S Certificates and the Class R Certificates. The Regular Certificates consist of the Class A-1
Certificates, the Class A-2 Certificates, the Class A-4 Certificates, the Class A-5 Certificates, the Class A-SB Certificates,
the Class X-A Certificates, the Class A-S Certificates, the Class B Certificates, the Class C Certificates, the Class X-D
Certificates, the Class X-F Certificates, the Class X-G Certificates, the Class X-H Certificates, the Class D Certificates, the
Class E Certificates, the Class F Certificates, the Class G Certificates, the Class H Certificates and the Class VRR Certificates.
The Loan-Specific Certificates consist of the Class YL-A, YL-B, Class YL-C, Class YL-D and Class YLRR Certificates.

Each Class of Trust
Certificates will be substantially in the forms annexed hereto as Exhibits A-1 through A-26, respectively,
with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Agreement or as may,
in the

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reasonable judgment of the Certificate Registrar,
be necessary, appropriate or convenient to comply, or facilitate compliance, with applicable laws, and may have such letters, numbers
or other marks of identification and such legends or endorsements placed thereon as may be required by law, or as may, consistently herewith,
be determined by the officers executing such Trust Certificates, as evidenced by their execution thereof. The Public Certificates (other
than the Class X-A Certificates) shall be issued in minimum denominations of $10,000 and integral multiples of $1 in excess thereof.
The Private Certificates (other than the Class X-D, Class X-F, Class X-G, Class X-H, Class VRR, Class S and Class R
Certificates) shall be issued in minimum denominations of $100,000 and integral multiples of $1 in excess thereof. The Class VRR
Certificates shall be issued in minimum denominations of $100,000 and integral multiples of $0.01 in excess thereof. The Class X-A,
Class X-D, Class X-F, Class X-G and Class X-H Certificates shall be issued, maintained and transferred only in minimum denominations
of authorized initial notional amounts of not less than $1,000,000 and in integral multiples of $1 in excess thereof. If the initial Certificate
Balance or initial Notional Amount, as applicable, of any Class of Trust Certificates (exclusive of the Class VRR, Class S and
Class R Certificates) does not equal an integral multiple of $1, then a single Trust Certificate of such Class may be issued
in a minimum denomination of authorized initial principal balance or initial notional amount, as applicable, that includes the excess
of (i) the initial Certificate Balance or initial Notional Amount, as applicable, of such Class over (ii) the largest integral
multiple of $1 that does not exceed such amount. The Class R Certificates shall be issued, maintained and transferred in minimum
percentage interests of 10% of such Class R Certificates and in integral multiples of 1% in excess thereof. The Class S Certificates
shall be issued, maintained and transferred in minimum percentage interests of 10% of such Class S Certificates and in integral multiples
of 1% in excess thereof.

(b)                 One
authorized signatory shall sign the Trust Certificates for the Certificate Administrator by manual or facsimile signature. If an authorized
signatory whose signature is on a Trust Certificate no longer holds that office at the time the Certificate Administrator countersigns
the Trust Certificate, the Trust Certificate shall be valid nevertheless. A Trust Certificate shall not be valid until an authorized
signatory of the Certificate Administrator (who may be the same officer who executed the Trust Certificate) manually countersigns the
Trust Certificate. The signature shall be conclusive evidence that the Trust Certificate has been executed and countersigned under this
Agreement.

Section 5.02          
Form and Registration.

(a)              
Each Class of Public Certificates shall be represented by a single, global certificate in definitive, fully registered form
without interest coupons, substantially in the applicable form set forth as an exhibit hereto, which shall be deposited with the Certificate
Registrar or an agent of the Certificate Registrar, as custodian for the Depository, and registered in the name of the Depository or a
nominee of the Depository. The aggregate Certificate Balance of a Global Certificate may from time to time be increased or decreased by
adjustments made on the records of the Certificate Registrar, as custodian for the Depository, as hereinafter provided.

(b)                 Unless
and until Definitive Certificates are issued in respect of a Class of Global Certificates, beneficial ownership interests in such
Trust Certificates will be maintained and transferred on the book-entry records of the Depository and Depository

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Participants, and all references to actions
by Holders of such Class of Trust Certificates will refer to action taken by the Depository upon instructions received from the related
registered Holders of Trust Certificates through the Depository Participants in accordance with the Depository’s procedures and,
except as otherwise set forth herein, all references herein to payments, notices, reports and statements to Holders of such Class of
Trust Certificates will refer to payments, notices, reports and statements to the Depository or its nominee as the registered Holder thereof,
for distribution to the related registered Holders of Trust Certificates through the Depository Participants in accordance with the Depository’s
procedures.

(c)                  No
transfer of any Private Certificate shall be made unless that transfer is made pursuant to an effective registration statement under
the Securities Act, and effective registration or qualification under applicable state securities laws, or is made in a transaction which
does not require such registration or qualification. If a transfer is to be made in reliance upon an exemption from the Securities Act,
and under the applicable state securities laws, then:

(i)                  The
Trust Certificates of each Class of the Private Certificates (other than the Risk Retention Certificates, the Class S Certificates
and the Class R Certificates) sold in offshore transactions in reliance on Regulation S under the Act shall initially be represented
by a temporary global certificate in definitive, fully registered form without interest coupons, substantially in the applicable form
set forth as an exhibit hereto (each a “Temporary Regulation S Global Certificate”), which shall be deposited on the
Closing Date on behalf of the purchasers of the Private Certificates represented thereby with the Certificate Registrar, at its principal
trust office, as custodian, for the Depository, and registered in the name of the Depository or the nominee of the Depository for the
account of designated agents holding on behalf of Euroclear and/or Clearstream. Prior to the expiration of the 40-day period commencing
on the later of the commencement of the offering and the Closing Date (the “Restricted Period”), beneficial interests
in each Temporary Regulation S Global Certificate may be held only through Euroclear or Clearstream. After the expiration of the Restricted
Period, a beneficial interest in a Temporary Regulation S Global Certificate may be exchanged for an interest in the related permanent
global certificate of the same Class of Private Certificates (a “Regulation S Global Certificate”) in the applicable
form set forth as an exhibit hereto in accordance with the procedures set forth in Section 5.03(f) of this Agreement. During
the Restricted Period, distributions due in respect of a beneficial interest in a Temporary Regulation S Global Certificate shall only
be made upon delivery to the Certificate Registrar by Euroclear or Clearstream, as applicable, of a Non-U.S. Beneficial Ownership
Certification. After the expiration of the Restricted Period, distributions due in respect of any beneficial interests in a Temporary
Regulation S Global Certificate shall not be made to the holders of such beneficial interests unless exchange for a beneficial interest
in the Regulation S Global Certificate of the same Class is improperly withheld or refused. The aggregate Certificate Balance
of a Temporary Regulation S Global Certificate or a Regulation S Global Certificate may from time to time be increased or decreased

    	 	- 395 -	 

     

    

by adjustments made on the records of the
Certificate Registrar, as custodian for the Depository, as hereinafter provided.

On the Closing Date, the
Certificate Administrator shall execute, the Authenticating Agent shall authenticate, and the Certificate Administrator shall deliver
to the Certificate Registrar the Regulation S Global Certificates, which shall be held by the Certificate Registrar for purposes of effecting
the exchanges contemplated by the preceding paragraph. Computershare Trust Company, National Association is hereby initially appointed
the Authenticating Agent with the power to act, on the Trustee’s behalf, in the authentication and delivery of the Trust Certificates
in connection with transfers and exchanges as herein provided. If Computershare Trust Company, National Association is removed as Certificate
Administrator, then Computershare Trust Company, National Association shall be terminated as Authenticating Agent. If the Authenticating
Agent is terminated, the Certificate Administrator (or, if the same entity is acting as both the Authenticating Agent and the Certificate
Administrator and such entity is being removed from both capacities, a successor Certificate Administrator) shall appoint a successor
authenticating agent, which may be the Certificate Administrator or an Affiliate thereof, in accordance with Section 5.09
of this Agreement.

(ii)              
The Trust Certificates of each Class of Private Certificates (other than the Risk Retention Certificates, the Class S
Certificates and the Class R Certificates) offered and sold to Qualified Institutional Buyers in reliance on Rule 144A shall
be represented by a single, global certificate in definitive, fully registered form without interest coupons, substantially in the applicable
form set forth as an exhibit hereto (each, a “Rule 144A Global Certificate”), which shall be deposited with the
Certificate Registrar or an agent of the Certificate Registrar, as custodian for the Depository, and registered in the name of the Depository
or a nominee of the Depository. The aggregate Certificate Balance of a Rule 144A Global Certificate may from time to time be increased
or decreased by adjustments made on the records of the Certificate Registrar, as custodian for the Depository, as hereinafter provided.

(iii)             
The Trust Certificates of each Class of Private Certificates offered and sold in the United States to investors that are Institutional
Accredited Investors that are not Qualified Institutional Buyers, the Risk Retention Certificates (during the RR Interest Transfer Restriction
Period), the Class S Certificates and the Class R Certificates (collectively, the “Non-Book Entry Certificates”)
shall be in the form of Definitive Certificates, in each case substantially in the applicable form set forth as an exhibit hereto, and
shall be registered in the name of such investors or their nominees by the Certificate Registrar who shall deliver the certificates for
such Non-Book Entry Certificates to the respective beneficial owners or owners.

(d)                 Owners
of beneficial interests in Global Certificates of any Class shall not be entitled to receive physical delivery of certificated
Trust Certificates unless: (i) the Depository advises the Certificate Registrar in writing that the Depository is no longer willing
or able to discharge properly its responsibilities as depository with respect to the Global Certificates of such Class or ceases
to be a Clearing Agency, and the Certificate Administrator and the Depositor are unable to locate a qualified successor within 90 days

    	 	- 396 -	 

     

    

of such notice; (ii) the Trustee
has instituted or has been directed to institute any judicial proceeding to enforce the rights of the Holders of such Class and the
Trustee has been advised by counsel that in connection with such proceeding it is necessary or appropriate for the Trustee to obtain possession
of the Trust Certificates of such Class; or (iii) in the case of a Private Certificate, all of the applicable requirements of Section 5.03
of this Agreement are satisfied; provided, however, that under no circumstances will certificated Private Certificates be
issued to beneficial owners of a Temporary Regulation S Global Certificate. Upon notice of the occurrence of any of the events described
in clause (i) or (ii) above with respect to any Trust Certificates of a Class that are in the form of Global Certificates
and upon surrender by the Depository of any Global Certificate of such Class and receipt from the Depository of instructions for
reregistration, the Certificate Registrar shall issue Trust Certificates of such Class in the form of Definitive Certificates (bearing,
in the case of a Definitive Certificate issued for a Rule 144A Global Certificate, the same legends regarding transfer restrictions
borne by such Global Certificate), and thereafter the Certificate Registrar shall recognize the holders of such Definitive Certificates
as Certificateholders or Loan-Specific Certificateholders, as applicable, under this Agreement.

(e)                  If
any Certificate Owner wishes to transfer its interest in a Rule 144A Global Certificate to an Institutional Accredited Investor
that is not a Qualified Institutional Buyer, or wishes to transfer its interest in a Regulation S Global Certificate to a “U.S.
person” (as that term is defined in Rule 902(k) under the Securities Act) that is an Institutional Accredited Investor but
not a Qualified Institutional Buyer, then the transferee shall take delivery in the form of a Non-Book Entry Certificate, subject
to the restrictions on the transfer of such Non-Book Entry Certificate in Section 5.03(h) of this Agreement. No such
transfer shall be made and the Certificate Registrar shall not register any such transfer unless such transfer complies with the provisions
of Section 5.03(h) of this Agreement applicable to transfers of Non-Book Entry Certificates. Upon acceptance for exchange
or transfer of a beneficial interest in a Global Certificate for a Non-Book Entry Certificate, as provided herein, the Certificate
Registrar shall endorse on the schedule affixed to the related Global Certificate (or on a continuation of such schedule affixed to such
Global Certificate and made a part thereof) an appropriate notation evidencing the date of such exchange or transfer and a decrease in
the denomination of such Global Certificate equal to the denomination of such Non-Book Entry Certificate issued in exchange therefor
or upon transfer thereof.

(f)               
During the RR Interest Transfer Restriction Period, any Risk Retention Certificate shall only be held as a Definitive Certificate
in the Retained Interest Safekeeping Account by the Certificate Administrator (and each Retaining Party’s respective interest shall
be tracked in the form of an entry in the Certificate Administrator’s trust accounting system under the Retained Interest Safekeeping
Account), for the benefit of the Holder of the related Trust Certificate. The Certificate Administrator shall hold each Risk Retention
Certificate in safekeeping and shall release the same only upon receipt of a written direction signed by each of the Depositor (except
in the case of the Yorkshire & Lexington Towers HRR Interest), the Retaining Sponsor (in the case of a Class VRR Certificate), the
Yorkshire & Lexington Towers Retaining Sponsor (in the case of a Class YLRR Certificate) and the Holder of such Trust Certificate,
and in accordance with any

    	 	- 397 -	 

     

    

authentication procedures as may be utilized
by the Certificate Administrator and in accordance with this Agreement. There shall be, and hereby is, established by the Certificate
Administrator an account which will be designated the “Retained Interest Safekeeping Account” and into which each Risk Retention
Certificate shall be held and which shall be governed by and subject to this Agreement. In addition, on and after the date hereof, the
Certificate Administrator may establish any number of subaccounts to the Retained Interest Safekeeping Account for each Retaining Party.
Each Risk Retention Certificate to be delivered in physical form to the Certificate Administrator shall be delivered as set forth herein.
Upon receipt by the Certificate Administrator of any Risk Retention Certificate in connection with the initial issuance thereof and, for
so long as the Risk Retention Certificates are held in the Retained Interest Safekeeping Account by the Certificate Administrator pursuant
to this Agreement, upon any transfer or exchange pursuant to this Article V of any Risk Retention Certificate, the Certificate
Administrator shall deliver to the related Retaining Party a receipt in the form set forth in Exhibit MM. No amounts distributable
with respect to any Risk Retention Certificate shall be remitted to the Retained Interest Safekeeping Account, but instead shall be remitted
directly to the applicable Retaining Party in accordance with written instructions provided separately on the Closing Date (and any updates
to such written instructions provided from time to time) by such Retaining Party to the Certificate Administrator. Under no circumstances
by virtue of safekeeping any Risk Retention Certificate shall the Certificate Administrator be obligated to bring legal action or institute
proceedings against any Person on behalf of any Retaining Party. During the RR Interest Transfer Restriction Period and for such longer
time as the related Retaining Party may request, the Certificate Administrator shall hold each individual Risk Retention Certificate at
the below location, or any other location; provided the Certificate Administrator has given notice to the Depositor, the Retaining
Sponsor and each Retaining Party of such new location:

Computershare Trust Company, National Association

Attn: Security Control and Transfer (SCAT)

425 E. Hennepin Avenue

Minneapolis, Minnesota 55414

The Certificate Administrator shall make available
to each Retaining Party its account information as mutually agreed upon by the Certificate Administrator and each respective Retaining
Party, and in accordance with the Certificate Administrator’s policies and procedures. Any transfer of a Risk Retention Certificate
shall be subject to this Article V. During the RR Interest Transfer Restriction Period, unless the Retaining Sponsor and the Depositor
otherwise consent in writing, the Certificate Administrator shall not permit any Person to copy (other than for internal purposes), and
shall not itself provide to any Person copies of, the executed Risk Retention Certificates held by it in the Retained Interest Safekeeping
Account.

(g)                 To
the extent that the aggregate principal amount of the Combined VRR Interest or the aggregate value of the Yorkshire & Lexington Towers
HRR Interest is in excess of the amount or percentage of risk retention required pursuant to Regulation RR, such excess portion of the
Combined VRR Interest or the Yorkshire & Lexington Towers HRR Interest, as applicable, shall nevertheless be deemed to be subject
to the requirements of Regulation RR and any Risk Retention Certificate or Uncertificated VRR Interest

    	 	- 398 -	 

     

    

evidencing or constituting such excess
portion of the Combined VRR Interest or the Yorkshire & Lexington Towers HRR Interest shall be subject to all of the provisions in
this Agreement applicable to the Combined VRR Interest or the Yorkshire & Lexington Towers HRR Interest, as applicable, including,
without limitation, the provisions of this Article V.

Section 5.03          
Registration of Transfer and Exchange of Certificates.

(a)              
The Certificate Administrator shall keep or cause to be kept at its principal offices books (the “Certificate Register”)
in which, subject to such reasonable regulations as it may prescribe, the Certificate Administrator shall provide for the registration
of Trust Certificates and the Uncertificated VRR Interest and of transfers and exchanges of Trust Certificates and the Uncertificated
VRR Interest as herein provided (the Certificate Administrator, in such capacity, being the “Certificate Registrar”).
In such capacities, the Certificate Administrator shall be responsible for, among other things, (i) maintaining the Certificate Register
and a record of the aggregate holdings of Certificates of each Class of Private Certificates represented by a Temporary Regulation S Global
Certificate, a Regulation S Global Certificate and a Rule 144A Global Certificate and accepting Trust Certificates for exchange and
registration of transfer, (ii) registering transfers and pledges of Uncertificated VRR Interest and (iii) transmitting to the Depositor,
the Master Servicer and the Special Servicer any notices from the Certificateholders and the Uncertificated VRR Interest Owner. In its
capacity as Certificate Registrar, the Certificate Administrator shall be responsible for, among other things, holding the Risk Retention
Certificates as Definitive Certificates on behalf of each Holder of such Trust Certificates in accordance with Section 5.02(f).

(b)              
Subject to the restrictions on transfer set forth in this Article V, upon surrender for registration of transfer of any
Trust Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or
transferees, one or more new Trust Certificates in authorized denominations, in like aggregate interest and of the same Class.

(c)                
Rule 144A Global Certificate to Temporary Regulation S Global Certificate. If a holder of a beneficial interest in
the Rule 144A Global Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at any time during
the Restricted Period to exchange its interest in such Rule 144A Global Certificate for an interest in the Temporary Regulation S
Global Certificate of the same Class, or to transfer its interest in such Rule 144A Global Certificate to an institution that is
required to take delivery thereof in the form of an interest in the Temporary Regulation S Global Certificate of the same Class, such
holder may, subject to the rules and procedures of the Depository, exchange or cause the exchange of such interest for an equivalent beneficial
interest in such Temporary Regulation S Global Certificate. Upon receipt by the Certificate Registrar, as registrar, at its office designated
in Section 5.11 of this Agreement, of (1) instructions given in accordance with the Depository’s procedures from
a Depository Participant directing the Certificate Registrar to credit, or cause to be credited, a beneficial interest in the Temporary
Regulation S Global Certificate in an amount equal to the beneficial interest in the Rule 144A Global Certificate to be exchanged,
(2) a written order given in accordance with the Depository’s procedures containing information regarding

    	 	- 399 -	 

     

    

the Euroclear or Clearstream account
to be credited with such increase and the name of such account and (3) a certificate in the form of Exhibit E to this Agreement
given by the holder of such beneficial interest stating that the transfer of such interest has been made in compliance with the transfer
restrictions applicable to the Global Certificates and pursuant to and in accordance with Regulation S, then the Certificate Registrar
shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance of the Rule 144A Global Certificate and
to increase, or cause to be increased, the Certificate Balance of the Temporary Regulation S Global Certificate by the aggregate Certificate
Balance of the beneficial interest in the Rule 144A Global Certificate to be exchanged, to credit or cause to be credited to the
account of the Person specified in such instructions (who shall be the agent member of Euroclear or Clearstream, or both) a beneficial
interest in the Temporary Regulation S Global Certificate equal to the reduction in the Certificate Balance of the Rule 144A Global
Certificate, and to debit, or cause to be debited, from the account of the Person making such exchange or transfer the beneficial interest
in the Rule 144A Global Certificate that is being exchanged or transferred.

(d)              
Rule 144A Global Certificate to Regulation S Global Certificate. If a holder of a beneficial interest in the Rule 144A
Global Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at any time following the Restricted
Period to exchange its interest in such Rule 144A Global Certificate for an interest in the Regulation S Global Certificate of the
same Class, or to transfer its interest in such Rule 144A Global Certificate to an institution that is required to take delivery
thereof in the form of an interest in a Regulation S Global Certificate, such holder may, subject to the rules and procedures of the Depository,
exchange, or cause the exchange of, such interest for an equivalent beneficial interest in such Regulation S Global Certificate. Upon
receipt by the Certificate Registrar, as registrar, at its office designated in Section 5.11 of this Agreement, of (1) instructions
given in accordance with the Depository’s procedures from a Depository Participant directing the Certificate Registrar to credit
or cause to be credited a beneficial interest in the Regulation S Global Certificate in an amount equal to the beneficial interest in
the Rule 144A Global Certificate to be exchanged, (2) a written order given in accordance with the Depository’s procedures
containing information regarding the participant account of the Depository to be credited with such increase and (3) a certificate in
the form of Exhibit F to this Agreement given by the holder of such beneficial interest, then the Certificate Registrar shall
instruct the Depository to reduce, or cause to be reduced, the Certificate Balance of the Rule 144A Global Certificate and to increase,
or cause to be increased, the Certificate Balance of the Regulation S Global Certificate by the aggregate Certificate Balance of the beneficial
interest in the Rule 144A Global Certificate to be exchanged, to credit or cause to be credited to the account of the Person specified
in such instructions a beneficial interest in the Regulation S Global Certificate equal to the reduction in the Certificate Balance of
the Rule 144A Global Certificate, and to debit, or cause to be debited, from the account of the Person making such exchange or transfer
the beneficial interest in the Rule 144A Global Certificate that is being exchanged or transferred.

(e)              
Temporary Regulation S Global Certificate or Regulation S Global Certificate to Rule 144A Global Certificate. If a
holder of a beneficial interest in a Temporary Regulation S Global Certificate or Regulation S Global Certificate deposited

    	 	- 400 -	 

     

    

with the Certificate Registrar as custodian
for the Depository wishes at any time to exchange its interest in such Temporary Regulation S Global Certificate or Regulation S Global
Certificate for an interest in the Rule 144A Global Certificate of the same Class, or to transfer its interest in such Temporary
Regulation S Global Certificate or Regulation S Global Certificate to a Person who is required to take delivery thereof in the form of
an interest in the Rule 144A Global Certificate, such holder may, subject to the rules and procedures of Euroclear or Clearstream,
as the case may be, and the Depository, exchange or cause the exchange of such interest for an equivalent beneficial interest in the Rule 144A
Global Certificate of the same Class. Upon receipt by the Certificate Registrar, as registrar, at its office designated in Section 5.11
of this Agreement, of (1) instructions from Euroclear or Clearstream, if applicable, and the Depository, directing the Certificate Registrar,
as registrar, to credit or cause to be credited a beneficial interest in the Rule 144A Global Certificate equal to the beneficial
interest in the Temporary Regulation S Global Certificate or Regulation S Global Certificate to be exchanged, such instructions to contain
information regarding the participant account with the Depository to be credited with such increase, (2) with respect to a transfer of
an interest in the Regulation S Global Certificate, information regarding the participant account of the Depository to be debited with
such decrease and (3) with respect to a transfer of an interest in the Temporary Regulation S Global Certificate (but not the Regulation
S Global Certificate) for an interest in the Rule 144A Global Certificate at any time during the Restricted Period, a certificate
in the form of Exhibit G to this Agreement given by the holder of such beneficial interest and stating that the Person transferring
such interest in the Temporary Regulation S Global Certificate reasonably believes that the Person acquiring such interest in the Rule 144A
Global Certificate is a Qualified Institutional Buyer and is obtaining such beneficial interest in a transaction meeting the requirements
of Rule 144A, then the Certificate Registrar shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance
of the Temporary Regulation S Global Certificate or Regulation S Global Certificate and to increase, or cause to be increased, the Certificate
Balance of the Rule 144A Global Certificate by the aggregate Certificate Balance of the beneficial interest in the Temporary Regulation
S Global Certificate or Regulation S Global Certificate to be exchanged, and the Certificate Registrar shall instruct the Depository,
concurrently with such reduction, to credit, or cause to be credited, to the account of the Person specified in such instructions, a beneficial
interest in the Rule 144A Global Certificate equal to the reduction in the Certificate Balance of the Temporary Regulation S Global
Certificate or Regulation S Global Certificate and to debit, or cause to be debited, from the account of the Person making such transfer
the beneficial interest in the Temporary Regulation S Global Certificate or Regulation S Global Certificate that is being transferred.

(f)                   Temporary
Regulation S Global Certificate to Regulation S Global Certificate. Interests in a Temporary Regulation S Global Certificate as to
which the Certificate Registrar has received from Euroclear or Clearstream, as the case may be, a certificate (a “Non-U.S.
Beneficial Ownership Certification”) to the effect that Euroclear or Clearstream, as applicable, has received a certificate
substantially in the form of Exhibit H to this Agreement from the holder of a beneficial interest in such Temporary Regulation
S Global Certificate, shall be exchanged after the Restricted Period, for interests in the Regulation S Global Certificate of the same
Class of Private Certificates. The Certificate Registrar shall effect such exchange by delivering to the Depository for credit

    	 	- 401 -	 

     

    

to the respective accounts of such holders,
a duly executed and authenticated Regulation S Global Certificate, representing the aggregate Certificate Balance of interests in the
Temporary Regulation S Global Certificate initially exchanged for interests in the Regulation S Global Certificate. The delivery to the
Certificate Registrar by Euroclear or Clearstream of the certificate or certificates referred to above may be relied upon by the Depositor
and the Certificate Registrar as conclusive evidence that the certificate or certificates referred to therein has or have been delivered
to Euroclear or Clearstream pursuant to the terms of this Agreement and the Temporary Regulation S Global Certificate. Upon any exchange
of interests in the Temporary Regulation S Global Certificate for interests in the Regulation S Global Certificate, the Certificate Registrar
shall endorse the Temporary Regulation S Global Certificate to reflect the reduction in the Certificate Balance represented thereby by
the amount so exchanged and shall endorse the Regulation S Global Certificate to reflect the corresponding increase in the amount represented
thereby. Until so exchanged in full and except as provided therein, the Temporary Regulation S Global Certificate, and the Certificates
evidenced thereby, shall in all respects be entitled to the same benefits under this Agreement as the Regulation S Global Certificate
and Rule 144A Global Certificate authenticated and delivered hereunder.

(g)              
Non-Book Entry Certificate to Global Certificate. If a holder of a Non-Book Entry Certificate that is a Private
Certificate (other than any Risk Retention Certificate during the RR Interest Transfer Restriction Period, a Class S Certificate
or a Class R Certificate) wishes at any time to exchange its interest in such Non-Book Entry Certificate for an interest in a
Global Certificate of the same Class, or to transfer all or part of such Non-Book Entry Certificate to an institution that is entitled
to take delivery thereof in the form of an interest in a Global Certificate, such holder may, subject to the rules and procedures of Euroclear
or Clearstream, if applicable, and the Depository, cause the exchange of all or part of such Non-Book Entry Certificate for an equivalent
beneficial interest in the appropriate Global Certificate of the same Class. Upon receipt by the Certificate Registrar, as registrar,
at its office designated in Section 5.11 of this Agreement, of (1) such Non-Book Entry Certificate, duly endorsed as provided
herein, (2) instructions from such holder directing the Certificate Registrar, as registrar, to credit, or cause to be credited,
a beneficial interest in the applicable Global Certificate equal to the portion of the Certificate Balance of the Non-Book Entry Certificate
to be exchanged, such instructions to contain information regarding the participant account with the Depository to be credited with such
increase and (3) a certificate in the form of Exhibit I to this Agreement (in the event that the applicable Global Certificate
is the Temporary Regulation S Global Certificate), in the form of Exhibit J to this Agreement (in the event that the applicable
Global Certificate is the Regulation S Global Certificate) or in the form of Exhibit K to this Agreement (in the event that
the applicable Global Certificate is the Rule 144A Global Certificate), then the Certificate Registrar, as registrar, shall cancel,
or cause to be canceled, all or part of such Non-Book Entry Certificate, and shall, if applicable, direct the Certificate Administrator
to execute, authenticate and deliver to the transferor a new Non-Book Entry Certificate equal to the aggregate Certificate Balance
of the portion retained by such transferor and shall instruct the Depository to increase, or cause to be increased, such Global Certificate
by the aggregate Certificate Balance of the portion of the Non-Book Entry Certificate to be exchanged and to credit, or cause to be
credited, to the account of

    	 	- 402 -	 

     

    

the institution specified in such instructions
a beneficial interest in the applicable Global Certificate equal to the Certificate Balance of the portion of the Non-Book Entry Certificate
so canceled.

(h)              
Exchanges of Non-Book Entry Certificates. If a holder of a Rule 144A Global Certificate, Regulation S Global Certificate
or Non-Book Entry Certificate (other than a Public Certificate) wishes at any time to transfer its interest in such Rule 144A
Global Certificate, Regulation S Global Certificate or Non-Book Entry Certificate to a Person who is required to take delivery thereof
in the form of a Non-Book Entry Certificate, then (except in connection with the transfer or deemed transfer thereof by the Depositor,
an Initial Purchaser or, if occurring on the Closing Date, the Retaining Sponsor) the Certificate Registrar shall refuse to register such
transfer unless it receives (and upon receipt, may conclusively rely upon): (i) a certificate from the proposed transferor substantially
in the form attached as Exhibit L-2B to this Agreement, (ii) an investment representation letter from the proposed transferee
substantially in the form attached as Exhibit L-4 to this Agreement; and (iii) if required by the Certificate Registrar,
an opinion of counsel satisfactory to the Certificate Registrar to the effect that such transfer shall be made without registration under
the Securities Act, together with the written certification(s) as to the facts surrounding such transfer from the Certificateholder or
Loan-Specific Certificateholder desiring to effect such transfer and/or the proposed transferee on which such opinion of counsel is based
(such opinion of counsel shall not be an expense of the Trust or of the Depositor, the Master Servicer, the Special Servicer, the Operating
Advisor, the Certificate Administrator, the Trustee or the Certificate Registrar in their respective capacities as such).

(i)                   Transfers
of Risk Retention Certificates. At all times during the applicable RR Interest Transfer Restriction Period, if a transfer of any
Risk Retention Certificate is to be made (other than in connection with (1) the transfer to CREFI on the Closing Date, pursuant to
the CREFI Mortgage Loan Purchase Agreement, of the Certificates constituting the VRR1 Interest and (2) the transfer to the
Loan-Specific Retaining Third Party Purchaser on the Closing Date of the Loan-Specific Certificates constituting the Yorkshire &
Lexington Towers HRR Interest), then the Certificate Registrar shall refuse to register such transfer unless it receives (and, upon
receipt, the Certificate Registrar may conclusively rely upon) (i) a certification from the prospective Transferee of the
Certificateholder or Loan-Specific Certificateholder desiring to effect such transfer substantially in the form attached hereto as Exhibit L-5A
(in the case of a transfer of Class VRR Certificates) or Exhibit L-5C (in the case of a transfer of Loan-Specific
Certificates constituting the Yorkshire & Lexington Towers HRR Interest), which such certification must (x) be countersigned by
the applicable Retaining Party, the Retaining Sponsor (if different than the Retaining Party) and, except in the case of a transfer
of Loan-Specific Certificates constituting the Yorkshire & Lexington Towers HRR Interest, the Depositor and (y) include a
medallion stamp guarantee of such Retaining Party, and (ii) a certification from the Certificateholder or Loan-Specific
Certificateholder desiring to effect such transfer substantially in the form attached hereto as Exhibit L-6A (in
the case of a transfer of Class VRR Certificates) or Exhibit L-6C (in the case of a transfer of Loan-Specific
Certificates constituting the Yorkshire & Lexington Towers HRR Interest) which such certification must (x) be countersigned by
the applicable Retaining Party (if different than the transferor), the Retaining Sponsor (if different than the Retaining

    	 	- 403 -	 

     

    

Party) and, except in the case of a transfer
of Loan-Specific Certificates constituting the Yorkshire & Lexington Towers HRR Interest, the Depositor and (y) include a medallion
stamp guarantee of such Retaining Party. Upon receipt of the foregoing certifications, the Certificate Registrar shall, subject to Section 5.02(f),
Section 5.03(a), Section 5.03(h), the following provisions of this Section 5.03(i), and Section 5.03(n),
reflect such Risk Retention Certificate in the name of the prospective Transferee. In no event shall a Risk Retention Certificate be held
as a Global Certificate during the RR Interest Transfer Restriction Period.

(j)                   Other
Exchanges. In the event that a Global Certificate is exchanged for a Definitive Certificate (other than as otherwise set forth in
Section 5.02(d) of this Agreement), such Trust Certificates may be exchanged only in accordance with such procedures as
are substantially consistent with the provisions of clauses (c) through (f), (h) and (i) above (including the certification requirements
intended to ensure that such transfers comply with Rule 144A or Regulation S under the Act, at the case may be) and such other
procedures as may from time to time be adopted by the Certificate Registrar.

(k)              
Restricted Period. Prior to the termination of the Restricted Period with respect to the issuance of the Trust Certificates,
transfers of interests in the Temporary Regulation S Global Certificate to U.S. persons (as defined in Regulation S) shall be limited
to transfers made pursuant to the provisions of clause (e) above.

(l)                
If Private Certificates are issued upon the transfer, exchange or replacement of Trust Certificates bearing a restrictive legend
relating to compliance with the Act, or if a request is made to remove such legend on Trust Certificates, the Private Certificates so
issued shall bear the restrictive legend, or such legend shall not be removed, as the case may be, unless there is delivered to the Certificate
Registrar such satisfactory evidence, which may include an Opinion of Counsel that neither such legend nor the restrictions on transfer
set forth therein are required to ensure that transfers thereof comply with the provisions of Rule 144A, Rule 144 or Regulation S
under the Act, Regulation RR or, with respect to Non-Book Entry Certificates, that such Trust Certificates are not “restricted”
within the meaning of Rule 144 under the Act. Upon provision of such satisfactory evidence, the Certificate Registrar shall authenticate
and deliver Trust Certificates that do not bear such legend.

(m)            
All Trust Certificates surrendered for registration of transfer and exchange shall be canceled and subsequently destroyed by the
Certificate Registrar in accordance with the Certificate Registrar’s customary procedures.

(n)              
No Class VRR Certificate (if it is not an ERISA Restricted Certificate covered by the next sentence), Uncertificated VRR Interest,
Class S Certificate or Class R Certificate may be purchased by or transferred to any prospective purchaser or transferee that
is or will be (i) an employee benefit plan or other plan subject to the fiduciary responsibility or prohibited transaction provisions
of ERISA or Code Section 4975 (each, a “Plan”), or (ii) any entity or collective investment fund the assets
of which are considered Plan assets under U.S. Department of Labor Reg. Section 2510.3-101, as modified by Section 3(42)
of ERISA, or Similar Law (as defined below), an insurance company that is

    	 	- 404 -	 

     

    

using the assets of separate accounts
or general accounts which include Plan assets (or which are deemed to include assets of Plans) or other Person acting on behalf of any
such Plan or using the assets of a Plan (each, a “Plan Investor”) to purchase such Trust Certificate or the Uncertificated
VRR Interest. In addition, no ERISA Restricted Certificate or interest therein may be purchased by or transferred to any prospective purchaser
or transferee that is or will be a Plan or Plan Investor, unless (i) such purchaser or transferee is an insurance company, (ii) the source
of funds used to acquire or hold such ERISA Restricted Certificate or interest therein is an “insurance company general account,”
as such term is defined in PTCE 95-60, and (iii) the conditions in Sections I and III of PTCE 95-60 have been satisfied.
Furthermore, no ERISA Restricted Certificate, Class VRR Certificate (regardless of whether it is an ERISA Restricted Certificate),
Uncertificated VRR Interest, Class S Certificate or Class R Certificate or interest therein may be purchased by or transferred
to any prospective purchaser or transferee that is or will be a governmental plan (as defined in Section 3(32) of ERISA) or other
plan that is subject to any federal, state or local law that is, to a material extent, similar to the fiduciary responsibility or prohibited
transaction provisions of ERISA or Code Section 4975 (“Similar Law”), or to any Person acting on behalf of any
such plan or using the assets of such plan to acquire such Trust Certificate or interest therein unless, in the case of an ERISA Restricted
Certificate, its acquisition, holding and disposition of such Trust Certificate or an interest therein would not constitute or otherwise
result in a non-exempt violation of Similar Law. Except in connection with the transfer or deemed transfer thereof by the Depositor,
an Initial Purchaser or, if occurring on the Closing Date, the Retaining Sponsor, each prospective transferee of an ERISA Restricted Certificate,
a Class VRR Certificate (regardless of whether it is an ERISA Restricted Certificate), a Class S Certificate or a Class R
Certificate in the form of a Non-Book Entry Certificate or the Uncertificated VRR Interest shall deliver to the transferor, the Depositor,
the Certificate Registrar, the Certificate Administrator and the Trustee representation letters, substantially in the form of Exhibit L-3
and, except in the case of the Uncertificated VRR Interest, Exhibit L-4 to this Agreement. Each beneficial owner of a
Trust Certificate (other than a Class S or Class R Certificate) or any interest therein will be deemed to have represented,
by virtue of its acquisition or holding of such Trust Certificate or interest therein, that either (i) it is not a Plan or Plan Investor,
(ii) except in the case of an ERISA Restricted Certificate or a Class VRR Certificate (regardless of whether it is an ERISA
Restricted Certificate), it has acquired and is holding the Trust Certificates in reliance on the Underwriter Exemption, and that it understands
that there are certain conditions to the availability of the Underwriter Exemption, including that the Trust Certificates must be rated,
at the time of purchase, not lower than “BBB-” (or its equivalent) by a rating agency that meets the requirements of the
Underwriter Exemption and that such Trust Certificate is so rated and that it is an Institutional Accredited Investor or (iii) except
in the case of a Class VRR Certificate (unless it is being sold or transferred through Citigroup Global Markets Inc., BMO Capital
Markets Corp. or Goldman Sachs & Co. LLC ), (1) it is an insurance company, (2) the source of funds used to acquire or hold
the Trust Certificate or interest therein is an “insurance company general account,” as such term is defined in PTCE 95-60,
and (3) the conditions in Sections I and III of PTCE 95-60 have been satisfied. Each beneficial owner of a Trust Certificate or an
interest therein which is a governmental plan or other plan subject to Similar Law shall be deemed to have represented, by virtue of its

    	 	- 405 -	 

     

    

acquisition or holding of such Trust
Certificate or interest therein that the acquisition, holding and disposition of such Trust Certificate or an interest therein by the
purchaser will not constitute or otherwise result in a non-exempt violation of Similar Law. Any attempted or purported transfer in
violation of these transfer restrictions shall be null and void ab initio and shall vest no rights in any purported transferee and shall
not relieve the transferor of any obligations with respect to the applicable Trust Certificates.

(o)              
(i) The Depositor hereby directs the Certificate Administrator to register the Uncertificated VRR Interest, upon issuance, in the
Certificate Register in the name of GS Bank. No Person shall be permitted to own, directly or indirectly, any interest in the Uncertificated
VRR Interest other than (i) GS Bank or one of its Majority Owned Affiliates that is not a Non-Exempt Person or (ii) a Person that provides
financing permitted under Regulation RR (a “Permitted Lender”) to GS Bank or such Majority Owned Affiliate; provided,
further, that if such financing is provided by the Permitted Lender in a repurchase transaction, GS Bank or such Majority-Owned
Affiliate of GS Bank may transfer its interest in the Uncertificated VRR Interest to the Permitted Lender so long as GS Bank or such Majority-Owned
Affiliate is obligated to repurchase such interest in the Uncertificated VRR Interest pursuant to the terms of the related financing documents.
The Uncertificated VRR Interest Owner, if it wishes to transfer the Uncertificated VRR Interest, shall notify the Certificate Administrator
in writing of such transfer and identify the new Uncertificated VRR Interest Owner. The Certificate Administrator shall register the ownership
of the Uncertificated VRR Interest on the Certificate Register. Any transfer of the Uncertificated VRR Interest (including to a Majority
Owned Affiliate) shall be null and void ab initio to the extent permitted under applicable law unless all of the following is provided
to the Certificate Administrator: (i) a written instrument whereby the transferor of the Uncertificated VRR Interest assigns, and
the transferee of the Uncertificated VRR Interest assumes, all rights and obligations in connection with the Uncertificated VRR Interest
under this Agreement; (ii) the transferor of the Uncertificated VRR Interest has executed and delivered to the Certificate Administrator
a certification in the form of Exhibit L-7B hereto, which certification must (x) be countersigned by the applicable Retaining Party
(if different than the transferor), the Retaining Sponsor and the Depositor and (y) include a medallion stamp guarantee of such Retaining
Party; and (iii) the transferee of the Uncertificated VRR Interest has executed and delivered to the Certificate Administrator a certification
in the form of Exhibit L-7A hereto, which certification must (x) be countersigned by the applicable Retaining Party, the Retaining
Sponsor and the Depositor, (y) include a medallion stamp guarantee of such Retaining Party and (z) include wiring instructions and contact
information for such transferee. Notwithstanding anything else in this Agreement to the contrary, no Person shall have any rights hereunder
with respect to the Uncertificated VRR Interest unless (i) such Person is GS Bank, or (ii) in the case of any Majority Owned Affiliate
of GS Bank, such Person is identified in writing to the Certificate Administrator as being the Uncertificated VRR Interest Owner, or (iii) in
the case of any subsequent transferee, such Person is identified as being the Uncertificated VRR Interest Owner on the ownership registry.
The Certificate Administrator, the other parties to this Agreement and the Certificateholders shall be entitled to treat the Uncertificated
VRR Interest Owner (in the case of any subsequent Uncertificated VRR Interest Owner, as recorded on such ownership registry) as the owner
in fact thereof for all purposes and shall not be bound to recognize any equitable or other claim to or interest in

    	 	- 406 -	 

     

    

the Uncertificated VRR Interest on the
part of any other Person. Any transfer of an interest in the Uncertificated VRR Interest that is not in compliance with this Section
5.03(o)(i) or Section 5.03(n) shall be null and void ab initio to the extent permitted under applicable law.

(ii)               
GS Bank and any subsequent Uncertificated VRR Interest Owner shall be deemed by virtue of its acceptance of the Uncertificated
VRR Interest to represent to the Trust and the Certificate Administrator (for the benefit of the borrowers) that it is not a Non-Exempt
Person. Contemporaneously with the execution of this Agreement and from time to time as necessary during the term of the Agreement, the
Uncertificated VRR Interest Owner shall deliver to the Certificate Administrator evidence satisfactory to the Certificate Administrator
substantiating that it is not a Non-Exempt Person and that the Certificate Administrator is not obligated under applicable law to withhold
taxes on sums paid to it with respect to the Mortgage Loans or otherwise under this Agreement. Without limiting the effect of the foregoing,
(a) if the Uncertificated VRR Interest Owner is created or organized under the laws of the United States, any state thereof or the
District of Columbia, it shall satisfy the requirements of the preceding sentence by furnishing to the Certificate Administrator an Internal
Revenue Service Form W-9 and (b) if the Uncertificated VRR Interest Owner is not created or organized under the laws of the United
States, any state thereof or the District of Columbia, and if the payment of interest or other amounts by the borrowers is treated for
United States income tax purposes as derived in whole or part from sources within the United States, the Uncertificated VRR Interest Owner
shall satisfy the requirements of the preceding sentence by furnishing to the Certificate Administrator an Internal Revenue Service Form
W-8ECI, Form W-8IMY (with appropriate attachments), Form W-8BEN-E or Form W-8BEN, or successor forms, as may be required from time to
time, duly executed by the Uncertificated VRR Interest Owner, as evidence of the Uncertificated VRR Interest Owner’s exemption from
the withholding of United States tax with respect thereto. The Certificate Administrator shall not be obligated to make any payment hereunder
to the Uncertificated VRR Interest Owner in respect of the Uncertificated VRR Interest or otherwise until the Uncertificated VRR Interest
Owner shall have furnished to the Certificate Administrator the forms, certificates, statements or documents required by this Section
5.03(o)(ii).

 

(p)                 Each
Person who has or acquires any Residual Ownership Interest shall be deemed by the acceptance or acquisition of such Residual Ownership
Interest to have agreed to be bound by the following provisions and the rights of each Person acquiring any Residual Ownership Interest
are expressly subject to the following provisions:

(i)                  Each
Person acquiring or holding any Residual Ownership Interest shall be a Permitted Transferee and shall not acquire or hold such Residual
Ownership Interest as agent (including a broker, nominee or other middleman) on behalf of any Person that is not a Permitted Transferee.
Any such Person shall promptly notify the Certificate Registrar of any change or impending change in its

    	 	- 407 -	 

     

    

status (or the status of the beneficial
owner of such Residual Ownership Interest) as a Permitted Transferee. Any acquisition described in the first sentence of this Section 5.03(p)
by a Person who is not a Permitted Transferee or by a Person who is acting as an agent of a Person who is not a Permitted Transferee shall
be void ab initio and of no effect, and the immediately preceding owner who was a Permitted Transferee shall be restored to registered
and beneficial ownership of the Residual Ownership Interest as soon and as fully as possible.

(ii)                  No
Residual Ownership Interest may be Transferred, and no such Transfer shall be registered in the Certificate Register, without the express
written consent of the Certificate Registrar, and the Certificate Registrar shall not recognize the Transfer, and such proposed Transfer
shall not be effective, without such consent with respect thereto. In connection with any proposed Transfer of any Residual Ownership
Interest, other than in connection with the initial Transfer thereof to the Initial Purchasers, the Certificate Registrar shall, as a
condition to such consent, (x) require the proposed transferee to deliver, and the proposed transferee shall deliver to the Certificate
Registrar and to the proposed transferor, an affidavit in substantially the form attached as Exhibit L-1 to this Agreement
(a “Transferee Affidavit”) of the proposed transferee (A) that such proposed transferee is a Permitted Transferee
and (B) stating that (1) the proposed transferee historically has paid its debts as they have come due and intends to do so in
the future, (2) the proposed transferee understands that, as the holder of a Residual Ownership Interest, it may incur tax liabilities
in excess of cash flows generated by the residual interest, (3) the proposed transferee intends to pay taxes associated with holding
the Residual Ownership Interest as they become due, (4) the proposed transferee will not cause income with respect to the Residual Ownership
Interest to be attributable to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty,
of such proposed transferee or any other U.S. Tax Person, (5) the proposed transferee will not transfer the Residual Ownership Interest
to any Person that does not provide a Transferee Affidavit or as to which the proposed transferee has actual knowledge that such Person
is not a Permitted Transferee or is acting as an agent (including a broker, nominee or other middleman) for a Person that is not a Permitted
Transferee, and (6) the proposed transferee expressly agrees to be bound by and to comply with the provisions of this Section 5.03(p)
and (y) other than in connection with the initial issuance of a Class R Certificate or the Transfer of any Class R
Certificate by any Initial Purchaser in connection with the initial offering of the Trust Certificates, require a statement from the
proposed transferor substantially in the form attached as Exhibit L-2A to this Agreement (the “Transferor
Letter”), that the proposed transferor has no actual knowledge that the proposed transferee is not a Permitted Transferee and
has no actual knowledge or reason to know that the proposed transferee’s statements in the preceding clauses (x)(B)(1) or
(3) are false.

(iii)            
Notwithstanding the delivery of a Transferee Affidavit by a proposed transferee under clause (p)(ii) above, if a Responsible
Officer of the Certificate Registrar has actual knowledge that the proposed transferee is not a Permitted Transferee, no Transfer to such
proposed transferee shall be effected and such

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proposed Transfer shall not be registered
on the Certificate Register; provided, however, the Certificate Registrar shall not be required to conduct any independent
investigation to determine whether a proposed transferee is a Permitted Transferee. Upon notice to the Certificate Registrar that there
has occurred a Transfer to any Person that is a Disqualified Organization or an agent thereof (including a broker, nominee or middleman)
in contravention of the foregoing restrictions, and in any event not later than 60 days after a request for information from the
transferor of such Residual Ownership Interest or such agent, the Certificate Registrar and the Certificate Administrator agree to furnish
to the IRS and the transferor of such Residual Ownership Interest or such agent such information necessary to the application of Code
Section 860E(e) as may be required by the Code, including, but not limited to, the present value of the total anticipated excess
inclusions with respect to such Class R Certificate (or portion thereof) for periods after such Transfer. At the election of the
Certificate Registrar, the Certificate Registrar may charge a reasonable fee for computing and furnishing such information to the transferor
or to such agent referred to above; provided, however, such Persons shall in no event be excused from furnishing such information.

(iv)            
The Class R Certificates may only be represented by Definitive Certificates and may only be transferred to and owned by Qualified
Institutional Buyers.

(v)                The
Class S Certificates may only be represented by Definitive Certificates and may only be transferred to and owned by Qualified
Institutional Buyers or Institutional Accredited Investors.

(q)              
Any attempted or purported transfer in violation of the transfer restrictions set forth in this Article V shall be null
and void ab initio and shall vest no rights in any purported transferee and shall not relieve the transferor of any obligations with respect
to the applicable Trust Certificates.

Section 5.04             Mutilated,
Destroyed, Lost or Stolen Certificates. If (a) any mutilated Trust Certificate is surrendered to the Certificate Registrar,
or the Certificate Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Trust Certificate and (b) there
is delivered to the Certificate Registrar, the Trustee and the Certificate Administrator such security or indemnity as may be required
by it to save it harmless, then, in the absence of actual notice that such Trust Certificate has been acquired by a bona fide purchaser,
the Certificate Registrar shall direct the Certificate Administrator to execute, authenticate and deliver, in exchange for or in lieu
of any such mutilated, destroyed, lost or stolen Trust Certificate, a new Trust Certificate of like tenor and interest in the Trust Fund.
In connection with the issuance of any new Trust Certificate under this Section 5.04, the Certificate Registrar and the
Certificate Administrator may require the payment of a sum sufficient to cover any expenses (including the fees and expenses of the Certificate
Registrar) connected therewith. Any replacement Trust Certificate issued pursuant to this Section 5.04 shall constitute
complete and indefeasible evidence of ownership in

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the Trust Fund, as if originally issued, whether
or not the lost, stolen or destroyed Trust Certificate shall be found at any time.

Section 5.05          
Persons Deemed Owners. The Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate Administrator
and the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Trust Certificate is registered as
the owner of such Trust Certificate for the purpose of receiving distributions as provided in this Agreement and for all other purposes
whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate Administrator,
the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary; provided, however,
that to the extent that a party to this Agreement responsible for distributing any report, statement or other information required to
be distributed to Certificateholders has been provided an Investor Certification, such party to this Agreement shall distribute such report,
statement or other information to such Certificate Owner (or prospective transferee) under the same circumstances, and subject to the
same conditions, as such report, statement or other information would be provided to a Certificateholder.

Section 5.06            Appointment
of Paying Agent. The Certificate Administrator may appoint (and, if it does not so appoint, shall act as) a paying agent for the
purpose of making distributions to Certificateholders, Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner pursuant
to Section 4.01 of this Agreement. The Certificate Administrator shall cause such Paying Agent, if other than the Certificate
Administrator or the Master Servicer, to execute and deliver to the Master Servicer and the Certificate Administrator an instrument that
is consistent in all material respects with this Agreement and in which such Paying Agent shall agree with the Master Servicer and the
Certificate Administrator that such Paying Agent will hold all sums held by it for the payment to Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner in trust for the benefit of the Certificateholders, the Loan-Specific Certificateholders and
Uncertificated VRR Interest Owner entitled thereto until such sums have been paid to the Certificateholders, the Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner or disposed of as otherwise provided herein. The initial Paying Agent shall be the Certificate
Administrator. The Paying Agent shall at all times be an entity having a long-term unsecured debt rating of at least (i) “Baa1”
by Moody’s; (ii) “BBB(high)” by DBRS Morningstar (or, if not rated by DBRS Morningstar, then at least an equivalent
rating by two other NRSROs), except in the case of Computershare Trust Company, National Association, so long as it has a long-term senior
unsecured debt rating or long-term issuer rating of at least “BBB” by at least one NRSRO; and (iii) “BBB+” from
Fitch, or shall be, in the case of any such Rating Agency, otherwise acceptable thereto as evidenced by a Rating Agency Confirmation.

Section 5.07          
Access to Certificateholders’ Names and Addresses; Special Notices.

(a)                  The
Certificate Registrar shall maintain in as current form as is reasonably practicable the most recent list available to it of the names
and addresses of the Certificateholders and Loan-Specific Certificateholders. If any Certificateholder, Loan-Specific Certificateholder
or Certificate Owner (a “Certifying Certificateholder”) that has delivered an executed certification as contemplated
by Section 5.07(c) reflecting the appropriate information to the Certificate Administrator at 9062 Old Annapolis Road,

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Columbia, Maryland 21045, Attention:
Corporate Trust Administration Group – CGCMT 2022-GC48 with a copy to: trustadministrationgroup@wellsfargo.com (i) requests
in writing from the Certificate Registrar a list of the names and addresses of Certificateholders, (ii) states that such Certifying
Certificateholder desires to communicate with other Certificateholders, Loan-Specific Certificateholders and Certificate Owners with respect
to its rights under this Agreement or under the Certificates or the Loan-Specific Certificates and (iii) provides a copy of the communication
which Certifying Certificateholder proposes to transmit, then the Certificate Registrar shall, within ten (10) Business Days after the
receipt of such request (a “Communication Request”), furnish such Certifying Certificateholder (at such Certifying
Certificateholder’s sole cost and expense) a list of the names and addresses of the Certificateholders and Loan-Specific Certificateholders
as of the most recent Record Date as they appear in the Certificate Register. Every Certificateholder and Loan-Specific Certificateholder,
by receiving and holding a Certificate or a Loan-Specific Certificate, as applicable, agrees that the Certificate Registrar shall not
be held accountable by reason of the disclosure of any such information as to the list of the Certificateholders and Loan-Specific Certificateholder
hereunder, regardless of the source from which information was derived. The Master Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Operating Advisor and the Depositor shall be entitled to a list of the names and addresses of Certificateholders and
Loan-Specific Certificateholders from time to time upon request therefor.

(b)                 The
Certificate Administrator shall include in any Form 10-D any written request received in accordance with Section 5.07(a)
prior to the Distribution Date to which the Form 10-D relates (and on or after the Distribution Date preceding such Distribution
Date) from a Certificateholder, Loan-Specific Certificateholder or Certificate Owner to communicate with other Certificateholders, Loan-Specific
Certificateholders or Certificate Owners related to Certificateholders, Loan-Specific Certificateholders or Certificate Owners exercising
their rights under the terms of this Agreement. Any Form 10-D containing such disclosure (a “Special Notice”)
regarding the request to communicate shall include the following and no more than the following (a) the name of the Certificateholder,
Loan-Specific Certificateholder or Certificate Owner making the request, (b) the date the request was received, (c) a statement
to the effect that the Certificate Administrator has received such request, stating that such Certificateholder, Loan-Specific Certificateholder
or Certificate Owner is interested in communicating with other Certificateholders, Loan-Specific Certificateholders or Certificate Owners
with regard to the possible exercise of rights under this Agreement, and (d) a description of the method other Certificateholders,
Loan-Specific Certificateholders or Certificate Owners may use to contact the requesting Certificateholder, Loan-Specific Certificateholder
or Certificate Owner.

(c)                  In
verifying the identity of any Certificateholder, Loan-Specific Certificateholder or Certificate Owner in connection with any request
to communicate, (i) if the Certificateholder, Loan-Specific Certificateholder or Certificate Owner is the holder of record with
respect to any Trust Certificate, the Certificate Administrator shall not require any further verification or (ii) if the Certificateholder,
Loan-Specific Certificateholder or Certificate Owner is not the holder of record with respect to any Trust Certificate, the Certificate
Administrator shall require no more than (x) a written

    	 	- 411 -	 

     

    

certification from such Certificateholder,
Loan-Specific Certificateholder or Certificate Owner that it is the beneficial owner of a Trust Certificate and (y) one of the following
documents confirming ownership of such Trust Certificate: a trade confirmation, an account statement, a letter from a broker-dealer
or another document acceptable to the Certificate Administrator that is similar to any of the foregoing documents. The Certificate Administrator
shall not have any obligation to verify the information provided by any Certificateholder , Loan-Specific Certificateholder or Certificate
Owner in any request to communicate and may rely on such information conclusively. Any Certificateholder, Loan-Specific Certificateholder
or Certificate Owner will be responsible for its own expenses in making any Communication Request, but will not be required to bear any
expenses of the Certificate Administrator. Any expenses the Certificate Administrator incurs in connection with any request to communicate
will be paid by the Trust.

Section 5.08          
Actions of Certificateholders or Loan-Specific Certificateholders.

(a)              
Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Agreement to be given or
taken by Certificateholders or Loan-Specific Certificateholders may be embodied in and evidenced by one or more instruments of substantially
similar tenor signed by such Certificateholders or Loan-Specific Certificateholders in person or by agent duly appointed in writing; and
except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to
the Certificate Administrator and, when required, to the Depositor, the Master Servicer or the Special Servicer. Proof of execution of
any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Agreement and conclusive in
favor of the Trustee, the Certificate Administrator, the Depositor, the Special Servicer and the Master Servicer, if made in the manner
provided in this Section.

(b)                 The
fact and date of the execution by any Certificateholder or Loan-Specific Certificateholder of any such instrument or writing may be proved
in any reasonable manner which the Certificate Administrator deems sufficient.

(c)                  Any
request, demand, authorization, direction, notice, consent, waiver or other act by a Certificateholder or Loan-Specific Certificateholder
shall bind every Holder of every Trust Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu
thereof, in respect of anything done, or omitted to be done, by the Trustee, the Certificate Administrator, the Depositor, the Special
Servicer or the Master Servicer in reliance thereon, whether or not notation of such action is made upon such Trust Certificate.

(d)                 The
Certificate Administrator or Certificate Registrar may require such additional proof of any matter referred to in this Section 5.08
as it shall deem necessary.

Section 5.09          
Authenticating Agent. The Certificate Administrator may appoint an Authenticating Agent to execute and to authenticate Trust
Certificates. The Authenticating Agent must be acceptable to the Depositor and must be an entity organized and doing business under the
laws of the United States of America or any state, having a principal office and place of

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business in a state and city acceptable to
the Depositor, having a combined capital and surplus of at least $15,000,000, authorized under such laws to do a trust business and subject
to supervision or examination by federal or state authorities. The Certificate Administrator shall serve as the initial Authenticating
Agent and the Certificate Administrator hereby accepts such appointment.

Any entity into which the
Authenticating Agent may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion
or consolidation to which the Authenticating Agent shall be party, or any entity succeeding to the corporate agency business of the Authenticating
Agent, shall be the Authenticating Agent without the execution or filing of any paper or any further act on the part of the Certificate
Administrator or the Authenticating Agent.

The Authenticating Agent
may at any time resign by giving at least 30 days’ advance written notice of resignation to the Certificate Administrator and
the Depositor. The Certificate Administrator may at any time terminate the agency of the Authenticating Agent by giving written notice
of termination to the Authenticating Agent and the Depositor. Upon receiving a notice of resignation or upon such a termination, or in
case at any time the Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 5.09,
the Certificate Administrator promptly shall appoint a successor Authenticating Agent, which shall be acceptable to the Depositor, and
shall mail notice of such appointment to all Certificateholders and Loan-Specific Certificateholders. Any successor Authenticating Agent
upon acceptance of its appointment hereunder shall become vested with all the rights, powers, duties and responsibilities of its predecessor
hereunder, with like effect as if originally named as Authenticating Agent herein. No successor Authenticating Agent shall be appointed
unless eligible under the provisions of this Section 5.09.

The Authenticating Agent
shall have no responsibility or liability for any action taken by it as such at the direction of the Certificate Administrator. Any compensation
paid to the Authenticating Agent shall be an unreimbursable expense of the Certificate Administrator. The appointment of an Authenticating
Agent shall not relieve the Certificate Administrator from any of its obligations hereunder, and the Certificate Administrator shall remain
responsible for all acts and omissions of the Authenticating Agent.

Section 5.10          
Appointment of Custodian. The Certificate Administrator shall be, and shall perform all the duties of, the Custodian hereunder
or may appoint one or more Custodians to hold all or a portion of the Mortgage Files as agent for the Certificate Administrator, by entering
into a Custodial Agreement (in the event the Certificate Administrator is not the Custodian) that is consistent in all material respects
with this Agreement. The Certificate Administrator shall give prompt written notice to the Depositor of any appointment of a Custodian.
The Certificate Administrator agrees to comply with the terms of each Custodial Agreement, to enforce the terms and provisions thereof
against the Custodian for the benefit of the Certificateholders, the Loan-Specific Certificateholders, the Uncertificated VRR Interest
Owner and the Serviced Companion Loan Holders and to cause any Custodian appointed by the Certificate Administrator to comply with any
provision of this Agreement that purports to require such Custodian to act or refrain from acting. Each Custodian shall: (i) except in
the case of the initial Custodian, be a depository institution subject to supervision by federal or state authority; (ii) have a combined
capital and surplus of at least $15,000,000; (iii) except in the case of the initial Custodian, have a long-term

    	 	- 413 -	 

     

    

unsecured debt rating of at least “BBB”
from Fitch and at least “Baa2” from Moody’s; (iv) have a long-term unsecured debt rating of at least “BBB(high)”
by DBRS Morningstar (or, if not rated by DBRS Morningstar, then at least an equivalent rating by two other NRSROs); and (v) be qualified
to do business in the jurisdiction in which it holds any Mortgage File. Each Custodial Agreement may be amended only as provided in Section 12.07
of this Agreement. Any compensation paid to the Custodian shall be an unreimbursable expense of the Certificate Administrator. The Certificate
Administrator shall serve as the initial Custodian and shall be deemed appointed as Custodian at all times that no other party is so appointed
in accordance with this Section 5.10. The Custodian, if the Custodian is not the Certificate Administrator, shall maintain
a fidelity bond in the form and amount that are customary for securitizations similar to the securitization evidenced by this Agreement,
with the Certificate Administrator named as loss payee. The Custodian shall be deemed to have complied with this provision if one of its
respective Affiliates has such fidelity bond coverage and, by the terms of such fidelity bond, the coverage afforded thereunder extends
to the Custodian. In addition, the Custodian shall keep in force during the term of this Agreement a policy or policies of insurance covering
loss occasioned by the errors and omissions of its officers and employees in connection with its obligations hereunder in the form and
amount that are customary for securitizations similar to the securitization evidenced by this Agreement, with the Certificate Administrator
named as loss payee. All fidelity bonds and policies of errors and omissions insurance obtained under this Section 5.10 shall
be issued by a Qualified Insurer, or by any other insurer with respect to which the Rating Agencies have provided to the Trustee a Rating
Agency Confirmation. The Custodian shall be subject to the same obligations and standard of care as would be imposed on the Certificate
Administrator hereunder in connection with the retention of Mortgage Files directly by the Certificate Administrator. Upon termination
or resignation of any Custodian appointed by it, the Certificate Administrator may appoint another Custodian meeting the foregoing requirements.
The appointment of a Custodian shall not relieve the Certificate Administrator from any of its obligations hereunder, and the Certificate
Administrator shall remain responsible for all acts and omissions of the Custodian. In the event the Certificate Administrator is the
Custodian, the Custodian may self-insure.

Section 5.11             Maintenance
of Office or Agency. The Certificate Registrar shall maintain or cause to be maintained an office or offices or agency or agencies
where Trust Certificates may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Certificate
Registrar in respect of the Trust Certificates and this Agreement may be served. The Certificate Registrar initially designates its office
at 600 South 4th Street, 7th Floor, Minneapolis, Minnesota 55415, as its office for such purposes. The Certificate Registrar shall give
prompt written notice to the Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner of any
change in the location of the Certificate Register or any such office or agency.

Section 5.12             Voting
Procedures. With respect to any matters submitted to Certificateholders or Loan-Specific Certificateholders for a vote, the Certificate
Administrator shall administer such vote through the Depository with respect to Global Certificates and directly with registered Holders
by mail with respect to Definitive Certificates. In each case, such vote shall be

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administered in accordance with the following
procedures, unless different procedures are otherwise described herein with respect to a specific vote:

(a)              
Any matter submitted to Certificateholders or Loan-Specific Certificateholders for a vote shall be announced in a notice prepared
by the Certificate Administrator. Such notice shall include the record date determined by the Certificate Administrator for purposes of
the vote and a voting deadline which, unless otherwise specifically contemplated herein for any particular matter, shall be no less than
thirty (30) days and no later than sixty (60) days after the date such notice is distributed. The notice and related ballot
shall be sent to Holders of Global Certificates through the Depository and by mail to the registered Holders of Definitive Certificates.
In addition, the notice and related ballot shall be posted to the Certificate Administrator’s Website. Notices delivered in this
manner shall be considered delivered to all Holders regardless of whether any Holder actually receives the notice and ballot.

(b)                 In
connection with any vote administered pursuant to this Agreement, voting Holders shall be required to certify their holdings in the manner
set forth on the ballot, unless a specific manner is otherwise provided herein. Holders may only vote in accordance with their Voting
Rights. Voting Rights with respect to any outstanding Class of Certificates or Loan-Specific Certificates shall be calculated
by the Certificate Administrator in accordance with the definition of Voting Rights as of the record date for the vote. Only Classes
with an outstanding Certificate Balance or Notional Amount, as applicable, greater than zero as of the record date of the vote shall
be permitted to vote. Once a Holder has cast its vote, the vote may be changed or retracted on or before the vote deadline. Any changes
or retractions shall be communicated by the Certificateholder or Loan-Specific Certificateholder to the Certificate Administrator in
writing on a ballot. After the vote deadline has passed, votes may not be changed or retracted by any Holder unless the Holder wishing
to change or retract its vote holds a sufficient portion of the Voting Rights such that the Holder, by its vote alone, could approve
or deny the proposition subject to a vote without taking into consideration the votes cast by any other Holder. Transferees or purchasers
of any Class of Certificates or Loan-Specific Certificates are subject to and shall be bound by all votes of Holders initiated
or conducted prior to its acquisition of such Certificate or Loan-Specific Certificate.

(c)              
The Certificate Administrator may take up to fifteen (15) Business Days to tabulate the results of any vote. The Certificate Administrator
shall use its reasonable efforts to resolve any illegible or incomplete ballots received prior to the voting deadline. Illegible or incomplete
ballots that are received on the voting deadline or that cannot be resolved by the voting deadline shall not be counted. Promptly after
the votes are tabulated, the Certificate Administrator shall prepare a notice announcing the results of the vote. Such notice shall include
the percentage of Voting Rights in favor of the proposition, the percentage against the proposition and the percentage abstaining. In
addition, the notice will announce whether the proposition has been adopted by Certificateholders and/or Loan-Specific Certificateholders.
The notice shall be distributed in accordance with the methods described in Section 5.12(a) above. The Certificate Administrator
shall also include such notice on the Form 10-D prepared in connection with the distribution period that corresponds with the date
such notice is distributed. All vote tabulations shall be final and

    	 	- 415 -	 

     

    

the Certificate Administrator shall not,
absent manifest error, re-tabulate the votes or conduct a new vote for the same proposition.

(d)                 Unless
otherwise specifically provided herein, any and all reasonable expenses incurred by the Certificate Administrator in connection with
administering any vote shall be borne by the Trust. The Certificate Administrator is under no obligation to advise Holders about the
matter being voted on or answer questions other than process-related questions regarding the administration of the vote.

(e)                  If
any party to this Agreement believes a vote of Certificateholders and/or or Loan-Specific Certificateholders is needed for some matter
related to the administration of the Trust that is not specifically contemplated herein, such party may request the Certificate Administrator
to conduct a vote and the Certificate Administrator will conduct the requested vote in accordance with these procedures. Unless specifically
provided herein, all such votes require a majority of Certificateholders and/or Loan-Specific Certificateholders to carry a proposition.

Article
VI

THE DEPOSITOR, THE MASTER SERVICER, THE SPECIAL SERVICER, the Operating Advisor, THE Asset Representations Reviewer and the Controlling
Class Representative

Section 6.01             Liability
of the Depositor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer and the Operating Advisor. The Depositor,
the Master Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer each shall be liable in accordance
herewith only to the extent of the obligations specifically imposed by this Agreement. Each of the Master Servicer, the Special Servicer,
the Operating Advisor and the Asset Representations Reviewer shall indemnify the Depositor (and any employee, director or officer of
the Depositor), the Trust Fund and the Serviced Companion Loan Holders and hold the Depositor (and any employee, director or officer
of the Depositor), the Trust Fund and the Serviced Companion Loan Holders harmless against any loss, liability or reasonable expense
(including, without limitation, reasonable attorneys’ fees and expenses, which for the avoidance of doubt include reasonable attorneys’
fees and expenses related to the enforcement of this indemnity) incurred by such parties (i) as a result of any willful misconduct,
bad faith, fraud or negligence in the performance of duties of the Master Servicer, the Special Servicer, the Operating Advisor or the
Asset Representations Reviewer, as the case may be, or by reason of negligent disregard of such Person’s obligations or duties
hereunder, or (ii) as a result of the breach by the Master Servicer, the Special Servicer, the Operating Advisor or the Asset
Representations Reviewer, as the case may be, of any of its representations or warranties contained herein. The Depositor shall indemnify
the Trust Fund and the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and the
Asset Representations Reviewer, and any member, manager, employee, director or officer of the Master Servicer, the Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor or the Asset Representations Reviewer and hold the Trust Fund and the
Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and the Asset Representations
Reviewer and any member, manager, employee, director or officer of either the Master Servicer, the Special Servicer, the

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Trustee, the Operating Advisor or the Asset
Representations Reviewer harmless against any loss, liability or reasonable expense (including, without limitation, reasonable attorneys’
fees and expenses) incurred by such parties (i) in connection with any willful misconduct, bad faith, fraud and/or negligence in
the performance of duties of the Depositor or by reason of negligent disregard of the Depositor obligations or duties hereunder, or (ii) as
a result of the breach by the Depositor of any of its representations or warranties contained herein.

Section 6.02             Merger
or Consolidation of the Master Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer. Subject
to the following paragraph, each of the Master Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer
shall keep in full effect its existence, rights and good standing as a national banking association, a corporation or a limited liability
company, as applicable, under the laws of the state of its organization and shall not jeopardize its ability to do business in each jurisdiction
in which the Mortgaged Properties are located, to the extent necessary to perform its obligations under this Agreement, or to protect
the validity and enforceability of this Agreement, the Certificates, any Loan-Specific Certificates or any of the Trust Loans and to
perform its respective duties under this Agreement.

Each of the Master Servicer,
the Special Servicer, the Operating Advisor and the Asset Representations Reviewer may be merged or consolidated with or into any Person,
or transfer all or substantially all of its assets (which may be limited to all or substantially all of its assets related to commercial
mortgage loan servicing or, in the case of the Operating Advisor, may be limited to all or substantially all of its assets related to
acting as a trust advisor or operating advisor for commercial mortgage securitizations) to any Person, in which case any Person resulting
from any merger or consolidation to which it shall be a party, or any Person succeeding to its business, shall be the successor of the
Master Servicer, the Special Servicer, the Operating Advisor or the Asset Representations Reviewer, as applicable, hereunder, and shall
be deemed to have assumed all of the liabilities of the Master Servicer, the Special Servicer, the Operating Advisor or the Asset Representations
Reviewer, as applicable, hereunder, if each of the Rating Agencies has provided a Rating Agency Confirmation; provided that if
the Master Servicer, the Special Servicer, the Operating Advisor or the Asset Representations Reviewer enters into a merger and the Master
Servicer, the Special Servicer, the Operating Advisor or the Asset Representations Reviewer, as applicable, is the surviving entity under
applicable law, then the Master Servicer, the Special Servicer, the Operating Advisor or the Asset Representations Reviewer, as applicable,
shall not, as a result of the merger, be required to provide a Rating Agency Confirmation.

Section 6.03             Limitation
on Liability of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer and
Others. None of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer
or any of the directors, members, managers, officers, employees or agents of the Depositor, the Master Servicer, the Special Servicer,
the Operating Advisor or the Asset Representations Reviewer shall be under any liability to the Trust Fund, the Certificateholders, any
Loan-Specific Certificateholders, the Uncertificated VRR Interest Owner, the Companion Loan Holders or any other Person for any action
taken, or for refraining from the taking of any action, in good faith pursuant to this Agreement, or for errors in judgment. However,
none of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer or any such
Person shall be protected against any liability which would

    	 	- 417 -	 

     

    

otherwise be imposed by reason of (i) any
breach of warranty or representation by such respective party in this Agreement or (ii) any willful misconduct, bad faith, fraud
or negligence on the part of such respective party in the performance of its obligations and duties hereunder or by reason of negligent
disregard on the part of such respective party of its obligations or duties hereunder. The Depositor, the Master Servicer, the Special
Servicer, the Operating Advisor, the Asset Representations Reviewer and any director, member, manager, officer, employee or agent of the
Depositor, the Master Servicer, the Special Servicer, the Operating Advisor or the Asset Representations Reviewer may rely in good faith
on any document of any kind which, prima facie, is properly executed and submitted by any appropriate Person respecting any matters arising
hereunder. The Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer and any
director, member, manager, officer, employee or agent of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor
or the Asset Representations Reviewer shall be indemnified and held harmless by the Trust Fund (which indemnification amounts shall be
payable out of the Collection Account or the applicable Whole Loan Custodial Account if and to the extent with respect to a Serviced Whole
Loan and then out of the Collection Account, provided that, to the extent that the amount relates to a Serviced Whole Loan, is
required under the related Co-Lender Agreement to be borne by the holder of a related Serviced Companion Loan and is paid from the
Collection Account because funds on deposit in the applicable Whole Loan Custodial Account are insufficient to pay such indemnification,
then the Master Servicer shall from time to time thereafter use amounts otherwise payable to the holder of such Serviced Companion Loan
to deposit into the Collection Account the amount so paid from the Collection Account) against any loss, liability, penalty, fine, forfeiture,
claim, judgment or expense (including reasonable legal fees and expenses, which for the avoidance of doubt include reasonable legal fees
and expenses related to the enforcement of this indemnity) incurred in connection with, or relating to, this Agreement, the Certificates
, the Loan-Specific Certificates or the Uncertificated VRR Interest, other than any such loss, liability, penalty, fine, forfeiture, claim,
judgment or expense (including any such legal fees and expenses) (i) incurred by reason of willful misconduct, bad faith, fraud or
negligence in the performance of its obligations or duties hereunder or by reason of negligent disregard of its obligations or duties
hereunder, in each case by the Person being indemnified, (ii) with respect to any such party, resulting from the breach by such party
of any of its representations or warranties contained herein, (iii) specifically required to be borne by the party seeking indemnification
without right of reimbursement pursuant to the terms hereof or (iv) which constitutes an Advance that is otherwise reimbursable hereunder.
None of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor or the Asset Representations Reviewer shall be
under any obligation to appear in, prosecute or defend any legal action unless such action is related to its respective duties under this
Agreement and in its opinion does not expose it to any expense or liability for which reimbursement is not reasonably assured, and neither
the Operating Advisor nor the Asset Representations Reviewer may prosecute on behalf of the Trust or in the interests of the Certificateholders
or the Uncertificated VRR Interest Owner any legal action related to its duties under this Agreement under any circumstances; provided,
however, that each of the Depositor, the Master Servicer and the Special Servicer may in its discretion undertake any such action
related to its obligations hereunder which it may deem necessary or desirable with respect to this Agreement and the rights and duties
of the parties hereto and the interests of the Certificateholders, any Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner hereunder. In such event, the reasonable legal expenses and costs of such action and any liability resulting therefrom shall be
expenses, costs and liabilities of the Trust Fund (payable out

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of the Collection Account or the applicable
Whole Loan Custodial Account if and to the extent with respect to a Serviced Whole Loan and then out of the Collection Account, provided
that to the extent that the amount relates to a Serviced Whole Loan, is required under the related Co-Lender Agreement to be borne
by the holder of a related Serviced Companion Loan and is paid from the Collection Account because funds on deposit in the applicable
Whole Loan Custodial Account are insufficient to pay such indemnification, then the Master Servicer shall from time to time thereafter
use amounts otherwise payable to the holder of such Serviced Companion Loan to deposit into the Collection Account the amount so paid
from the Collection Account), and the Depositor, the Master Servicer and the Special Servicer shall be entitled to be reimbursed therefor
from the Collection Account or the applicable Whole Loan Custodial Account, as applicable, as provided in Section 3.06 and
Section 3.06A of this Agreement.

Each of the related Outside
Servicer, the related Outside Special Servicer or the related Outside Trustee, as applicable, shall be entitled to reimbursement out of
general collections in the Collection Account for the Trust’s pro rata share of any fees, costs or expenses incurred in connection
with the servicing and administration of an Outside Serviced Whole Loan as to which the securitization trust created under the applicable
Outside Servicing Agreement or any of the parties thereto are entitled to be reimbursed pursuant to the terms of the applicable Outside
Servicing Agreement and the related Co-Lender Agreement (to the extent amounts on deposit in the related “Serviced Whole Loan
Custodial Account” or “Whole Loan Custodial Account” (as each such term or any analogous term is defined in the applicable
Outside Servicing Agreement) are insufficient for reimbursement of such amounts).

Section 6.04             Limitation on Resignation of the Master Servicer, the Special Servicer or the Operating Advisor.

(a)              
Each of the Master Servicer and the Special Servicer may resign, assign its respective rights and delegate its respective
duties and obligations under this Agreement by giving written notice thereof to the other such party, the Trustee, the Certificate Administrator
(who shall post such notice to the Certificate Administrator’s Website for review by Privileged Persons in accordance with Section 4.02(a)),
the Depositor, the Operating Advisor, the Asset Representations Reviewer, the Serviced Companion Loan Holders and, for posting to the
Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5
Information Provider; provided that, with respect to any of the Master Servicer or the Special Servicer: (i) the successor
accepting such assignment and delegation (A) shall be an established mortgage finance entity, bank or other entity regularly engaged
in the servicing of commercial mortgage loans, organized and doing business under the laws of any state of the United States, the District
of Columbia or the United States, authorized under such laws to perform the duties of a servicer of mortgage loans or a Person resulting
from a merger, consolidation or succession that is permitted under Section 6.02 of this Agreement and, in the case of a Serviced
Whole Loan, under the related Co-Lender Agreement and (B) shall execute and deliver to the Trustee and the Certificate Administrator
an agreement which contains an assumption by such Person of the due and punctual performance and observance of each covenant and condition
to be performed or observed by the Master Servicer or the Special Servicer, as the case may be, under this Agreement from and after the
date of such agreement; (ii) each Rating Agency has delivered to the Trustee a Rating Agency Confirmation; (iii) the Master

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Servicer or the Special Servicer shall
not be released from its obligations under this Agreement that arose prior to the effective date of such assignment and delegation under
this Section 6.04; (iv) the rate at which the Servicing Fee or Special Servicing Compensation, as applicable (or any
component thereof) is calculated shall not exceed the rate then in effect; (v) for so long as no Control Termination Event has
occurred and is continuing, the successor Special Servicer is acceptable to the Controlling Class Representative (and, if a Serviced
Outside Controlled Whole Loan is affected, the successor Special Servicer is acceptable to the related Outside Controlling Note Holder);
(vi) the resigning Master Servicer or Special Servicer, as applicable, shall be responsible for the reasonable costs and expenses
of each other party hereto, the Trust and the Rating Agencies in connection with such transfer; (vii) none of the Operating Advisor, the
Asset Representations Reviewer nor any of their Affiliates shall in any event be appointed as successor Master Servicer or Special Servicer;
and (viii) none of the Loan-Specific Retaining Third Party Purchaser or any of its Risk Retention Affiliates shall in any event be appointed
as successor Master Servicer. Upon acceptance of such assignment and delegation, the purchaser or transferee shall be the successor Master
Servicer or Special Servicer, as applicable, hereunder.

(b)                 Except
as otherwise provided in Section 3.33, this Section 6.04 and Section 6.08(j), the Master Servicer
and the Special Servicer shall not resign from their respective obligations and duties hereby imposed on them except upon determination
that such duties hereunder are no longer permissible under applicable law; provided that, on and after the time the Trustee receives
notice of resignation by the Master Servicer or the Special Servicer upon determination that such duties hereunder are no longer permissible
under applicable law, the Trustee (solely with respect to the Master Servicer or the Special Servicer) shall, subject to the terms and
provisions of Section 7.02 of this Agreement as if the resigning party was a Terminated Party, be its successor in all
respects in its capacity as Master Servicer or Special Servicer, as applicable, as though the Master Servicer or the Special Servicer,
as the case may be, had received a notice of termination. Any such determination permitting the resignation of the Master Servicer or
the Special Servicer, as applicable, shall be evidenced by an Opinion of Counsel (obtained at the resigning Master Servicer’s or
Special Servicer’s expense) to such effect delivered to the Trustee and the Certificate Administrator.

Except as provided in the
immediately preceding paragraph, no resignation or removal of the Master Servicer, the Special Servicer as contemplated herein shall become
effective until the Trustee or a successor Master Servicer, Special Servicer shall have assumed the Master Servicer’s or the Special
Servicer’s, as applicable, responsibilities, duties, liabilities and obligations hereunder. Notwithstanding anything to the contrary
herein, none of the Operating Advisor, the Asset Representations Reviewer nor any of their Affiliates may be appointed as successor Master
Servicer or Special Servicer. If no successor Master Servicer or Special Servicer can be obtained to perform such obligations for the
same compensation to which the terminated Master Servicer or Special Servicer would have been entitled, additional amounts payable to
such successor Master Servicer or Special Servicer shall be payable out of the Trust; provided that, for so long as no Consultation
Termination Event has occurred and is continuing, the Trustee shall consult with the Controlling Class Representative prior to the
appointment of a successor Master Servicer, Special Servicer or Operating Advisor at a servicing or operating advisor compensation

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in excess of that permitted to the terminated
Master Servicer, Special Servicer or Operating Advisor, as applicable.

If the Trustee or an Affiliate
acts pursuant to this Section 6.04 as successor to the resigning Master Servicer, it may reduce the Excess Servicing Fee Rate
to the extent that the Trustee’s or such Affiliate’s compensation as successor Master Servicer would otherwise be below the
market rate servicing compensation. If the Trustee elects to appoint a successor to the resigning Master Servicer other than itself or
an Affiliate pursuant to this Section 6.04, it may reduce the Excess Servicing Fee Rate to the extent reasonably necessary
(in the sole discretion of the Trustee) for the Trustee to appoint a qualified successor Master Servicer that meets the requirements of
this Section 6.04.

(c)              
The Operating Advisor may resign from its obligations and duties under this Agreement (a) upon thirty (30) days’
prior written notice to the parties to this Agreement, any applicable Directing Holder and any applicable Consulting Parties and (b) upon
the appointment of, and the acceptance of such appointment by, a successor operating advisor that is an Eligible Operating Advisor and
receipt by the Trustee of Rating Agency Confirmation from each Rating Agency. Except as provided in Section 6.04(d), no such
resignation by the Operating Advisor shall become effective until a replacement Operating Advisor shall have assumed the resigning Operating
Advisor’s responsibilities and obligations under this Agreement. The successor entity assuming the obligations of the Operating
Advisor under this Agreement shall be entitled to the compensation to which the Operating Advisor would have been entitled hereunder after
the date of assumption of such obligations. If no successor Operating Advisor can be obtained to perform such obligations for such compensation,
additional amounts payable to such successor Operating Advisor shall be payable out of the Trust; provided that, for so long as
no Consultation Termination Event has occurred and is continuing, the Trustee shall consult with the Controlling Class Representative
prior to the appointment of a successor Operating Advisor at an operating advisor compensation in excess of that permitted to the terminated
Operating Advisor. If no successor Operating Advisor has been appointed and accepted such appointment within 60 days after the resigning
Operating Advisor’s giving of notice of resignation, the resigning Operating Advisor may petition any court of competent jurisdiction
for appointment of a successor. The resigning Operating Advisor shall pay all costs and expenses associated with its resignation and the
transfer of its duties (including costs and expenses incurred by each other party hereto, the Trust and the Rating Agencies) pursuant
to this Section 6.04.

(d)              
In addition, in the event that, (i) at any time following the date that Regulation RR is no longer applicable to the securitization
transaction constituted by the issuance of the Certificates and the Uncertificated VRR Interest and there are no Classes of Certificates
or Uncertificated VRR Interest outstanding other than the Control Eligible Certificates, the Class S Certificates, the Combined VRR
Interest and the Class R Certificates, then all of the rights and obligations of the Operating Advisor under this Agreement shall
terminate (other than with respect to any Trust Subordinate Companion Whole Loan) without payment of any penalty or termination fee (other
than any rights or obligations that accrued prior to the date of such termination (including the right to receive all amounts accrued
and owing to it under this Agreement) and other than indemnification

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rights arising out of events occurring
prior to such termination) and (ii) at any time following the date that Regulation RR is are no longer applicable to the securitization
transaction constituted by the issuance of any Loan-Specific Certificates, there are no Classes of related Loan-Specific Certificates
outstanding other than the related Loan-Specific Control Eligible Certificates, then all of the rights and obligations of the Operating
Advisor under this Agreement with respect to the related Whole Loan shall terminate without payment of any penalty or termination fee
(other than any rights or obligations that accrued prior to the date of such termination (including the right to receive all amounts accrued
and owing to it under this Agreement) and other than indemnification rights arising out of events occurring prior to such termination)
.. If the Operating Advisor is terminated pursuant to either of clause (i) or clause (ii) of the immediately preceding, then no replacement
Operating Advisor shall be appointed.

Section 6.05             Rights
of the Depositor, the Trustee and the Certificate Administrator in Respect of the Master Servicer and Special Servicer. The Master
Servicer and the Special Servicer shall afford the Depositor, the Trustee, the Certificate Administrator and, subject to Section 12.13
of this Agreement, each Rating Agency, upon reasonable notice, during normal business hours access to all records maintained by it
in respect of its rights and obligations hereunder and access to its officers responsible for such obligations, if reasonably related
to the performance of the obligations of such Person under this Agreement. Upon request, if reasonably related to the performance of
the obligations of such Person under this Agreement, the Master Servicer and the Special Servicer shall furnish to the Depositor, each
of the Underwriters, the Initial Purchasers, the Master Servicer, the Special Servicer, the Trustee and the Certificate Administrator
its most recent publicly available annual financial statements or those of its public parent. The Depositor is not obligated to monitor
or supervise the performance of the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator or the Trustee under this Agreement. The Depositor may, but is not obligated to, enforce the obligations
of the Master Servicer or the Special Servicer hereunder which are in default and may, but is not obligated to, perform, or cause a designee
to perform, any defaulted obligation of such Person hereunder or exercise its rights hereunder, provided that the Master Servicer
and the Special Servicer shall not be relieved of any of its obligations hereunder by virtue of such performance by the Depositor or
its designee. In the event the Depositor or its designee undertakes any such action it will be reimbursed by the Trust Fund from the
Collection Account as provided in Section 3.06 and Section 6.03 of this Agreement to the extent not recoverable
from the Master Servicer or the Special Servicer, as applicable. None of the Depositor, the Trustee, the Certificate Administrator, the
Master Servicer (with respect to the Special Servicer) or the Special Servicer (with respect to the Master Servicer) shall have any responsibility
or liability for any action or failure to act by the Master Servicer or the Special Servicer, and no such Person is obligated to monitor
or supervise the performance of the Master Servicer or the Special Servicer under this Agreement or otherwise. Neither the Master Servicer
nor the Special Servicer shall have any responsibility or liability for any action or failure to act by the Depositor, the Trustee or
the Certificate Administrator and neither such Person is obligated to monitor or supervise the performance of the Depositor, the Trustee
or the Certificate Administrator under this Agreement or otherwise.

Each of the Trustee, the
Certificate Administrator, the Depositor, the Master Servicer, and the Special Servicer shall furnish such reports, certifications and
information as are

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reasonably requested by the Trustee, the Certificate
Administrator, the Depositor, the Master Servicer or the Special Servicer, as applicable, in order to enable such requesting party to
perform its duties hereunder, provided that for the avoidance of doubt, this shall not require any Person to prepare any reports,
Certificates and information not required to be prepared hereunder.

Neither the Master Servicer
nor the Special Servicer shall be under any obligation to disclose confidential or proprietary information pursuant to this Section.

Section 6.06             Master
Servicer, Special Servicer as Owner of a Certificate. The Master Servicer or an Affiliate of the Master Servicer or the Special Servicer
or an Affiliate of the Special Servicer may become the Holder (or with respect to a Global Certificate, Certificate Owner) of any Certificate
with the same rights it would have if it were not the Master Servicer or the Special Servicer or an Affiliate thereof, except as otherwise
expressly provided herein. If, at any time during which the Master Servicer or the Special Servicer or an Affiliate of the Master Servicer
or the Special Servicer is the Holder or Certificate Owner of any Certificate, the Master Servicer or the Special Servicer proposes to
take action (including for this purpose, omitting to take action) that (i) is not expressly prohibited by the terms hereof
and would not, in the Master Servicer’s or the Special Servicer’s good faith judgment, violate the Servicing Standard, and
(ii) if taken, might nonetheless, in the Master Servicer’s or the Special Servicer’s good faith judgment, be considered
by other Persons to violate the Servicing Standard, the Master Servicer or the Special Servicer may seek the approval of the Certificateholders
and any affected Serviced Companion Loan Holder to such action by delivering to the Trustee and the Certificate Administrator a written
notice that (i) states that it is delivered pursuant to this Section 6.06, (ii) identifies the Percentage
Interest in each Class of Certificates beneficially owned by the Master Servicer or the Special Servicer or an Affiliate of the
Master Servicer or the Special Servicer, and (iii) describes in reasonable detail the action that the Master Servicer or the Special
Servicer proposes to take. The Certificate Administrator, upon receipt of such notice, shall forward it to the Certificateholders (other
than the Master Servicer and its Affiliates or the Special Servicer and its Affiliates, as appropriate) together with such instructions
for response as the Certificate Administrator shall reasonably determine. If at any time Certificateholders holding greater than 50%
of the Voting Rights of all Certificateholders (calculated without regard to the Certificates beneficially owned by the Master Servicer
or its Affiliates or the Special Servicer or its Affiliates) and any affected Serviced Companion Loan Holder shall have consented in
writing to the proposal described in the written notice, and if the Master Servicer or the Special Servicer shall act as proposed in
the written notice, such action shall be deemed to comply with the Servicing Standard. The Certificate Administrator shall be entitled
to reimbursement from the Master Servicer or the Special Servicer, as applicable, of the reasonable expenses of the Certificate Administrator
incurred pursuant to this paragraph. It is not the intent of the foregoing provision that the Master Servicer or the Special Servicer
be

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permitted to invoke the procedure set forth
herein with respect to routine servicing matters arising hereunder, except in the case of unusual circumstances.

Section 6.07          
Rating Agency Fees. The Depositor shall pay (or cause to be paid) the annual fees of each Rating Agency including, but not
limited to, surveillance fees.

Section 6.08          
Termination of the Special Servicer.

(a)              
(i)With respect to any Serviced Loan or Serviced Whole Loan, the applicable Directing Holder shall be entitled to terminate
the rights (subject to Section 3.12, Section 6.03, Section 6.08(b) and Section 6.08(g)
of this Agreement) and obligations of the Special Servicer under this Agreement with respect to such Serviced Loan or Serviced Whole Loan,
as applicable, with or without cause, upon ten (10) Business Days’ notice to the applicable Special Servicer, the Master Servicer,
the Certificate Administrator and the Trustee and, in the case of a termination of the Special Servicer with respect to a Serviced Whole
Loan, the related Companion Loan Holder(s); provided that, if the Controlling Class Representative is the applicable Directing Holder
and it elects to effect such a termination, it shall do so with respect to all of the Serviced Loans as to which it is the applicable
Directing Holder.

Upon a termination (pursuant
to the first paragraph of this Section 6.08(a)) or a resignation (pursuant to Section 6.04(b) of this Agreement)
of the Special Servicer with respect to any Serviced Loan(s) or Serviced Whole Loan, the applicable Directing Holder shall appoint a successor
Special Servicer with respect to such Serviced Loan(s) or the related Serviced Whole Loan, as the case may be; provided, however,
that (A) such successor shall meet the requirements set forth in Section 7.02 of this Agreement, (B) the applicable Directing
Holder shall (at no expense to the Trust) obtain and deliver to the Certificate Administrator and the Trustee a Rating Agency Confirmation
from each Rating Agency with respect to such proposed successor acting as a Special Servicer and (C) in the case of the appointment of
a successor Special Servicer with respect to a Serviced Whole Loan, the applicable Directing Holder shall (at no expense to the Trust
or any related Other Securitization Trust) obtain and deliver to the certificate administrator (if any) and the trustee for each related
Other Securitization Trust (with a copy to the Certificate Administrator and the Trustee) a Companion Loan Rating Agency Confirmation
with respect to such proposed successor acting as a Special Servicer for each related Serviced Companion Loan.

(ii)              
The procedures for removing the Special Servicer (other than with respect to any Serviced Outside Controlled Whole Loan or the
Trust Subordinate Companion Whole Loan) if a Control Termination Event has occurred and is continuing shall be as follows: Upon (A) the
written direction of Holders of Regular Certificates evidencing not less than 25% of the Voting Rights of the Regular Certificates requesting
a vote to terminate and replace the Special Servicer (with respect to all of the Serviced Loans other than any Serviced Outside Controlled
Whole Loan or Trust Subordinate Companion Whole Loan) with a proposed successor Special Servicer, (B) payment by such Holders to
the Certificate Administrator of the reasonable fees and expenses to be incurred by the Certificate Administrator in connection with administering
such vote and (C) delivery by such Holders to the Certificate Administrator and the Trustee of a

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Rating Agency Confirmation from each Rating
Agency with respect to the termination of the existing Special Servicer and the replacement thereof with the proposed successor (with
the reasonable fees and out-of-pocket costs and expenses associated with obtaining such Rating Agency Confirmation to be an expense
of such Holders), the Certificate Administrator shall promptly provide written notice of the requested vote to all Certificateholders
by posting such notice on its internet website and by mailing at their addresses appearing in the Certificate Register. Upon the affirmative
vote of (a) the Holders of Regular Certificates evidencing at least 66 2/3% of the Pooled Voting Rights allocable to the Regular
Certificates of those Holders that voted on such matter (provided that Holders representing the applicable Certificateholder Quorum
vote on the matter) or (b) the Holders of Non-Reduced Certificates evidencing more than 50% of the Voting Rights allocable to
each Class of Non-Reduced Certificates, the Trustee shall terminate all of the rights (subject to Section 3.12, Section 6.03
and Section 6.08(g) of this Agreement) and obligations of the Special Servicer under this Agreement with respect to the Serviced
Loans (other than any Serviced Outside Controlled Whole Loan or Trust Subordinate Companion Whole Loan) and appoint the proposed successor
Special Servicer, and the proposed successor Special Servicer shall succeed to the duties of the Special Servicer with respect to the
Serviced Loans (other than any Serviced Outside Controlled Whole Loan and Trust Subordinate Companion Whole Loan) all as if a removal
and replacement were occurring pursuant to Section 7.01 and Section 7.02 of this Agreement; provided that
if such affirmative vote is not achieved within 180 days of the initial request for a vote to terminate and replace the Special Servicer,
then such vote shall have no force and effect. The provisions set forth in the foregoing sentences of this paragraph shall be binding
upon and inure to the benefit of solely the Certificateholders and the Trustee as between each other. The Special Servicer shall not have
any cause of action based upon or arising from any breach or alleged breach of such provisions. As between the Special Servicer, on the
one hand, and the Certificateholders, on the other, the Certificateholders shall be entitled in their sole discretion to vote for the
termination or not vote for the termination of the Special Servicer. The Certificate Administrator shall include on each Distribution
Date Statement a statement that each Certificateholder and Certificate Owner of Regular Certificates may access such notices on the Certificate
Administrator’s Website and each Certificateholder and Certificate Owner of Certificates may register to receive email notifications
when such notices are posted on the Certificate Administrator’s Website. Any such appointment of a successor Special Servicer with
respect to the Serviced Loans (other than any Serviced Outside Controlled Whole Loan and the Trust Subordinate Companion Whole Loan) based
on a Certificateholder vote shall be subject to the receipt of a Rating Agency Confirmation. The Certificate Administrator shall be entitled
to reimbursement from the requesting Certificateholders for the reasonable expenses of posting notices of such requests.

(iii)                      The
procedures for removing the Special Servicer solely with respect to a Trust Subordinate Companion Whole Loan if an applicable Control
Termination Event has occurred and is continuing, shall be as follows (with references to “Applicable Certificates” in this
paragraph meaning, collectively, in

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the aggregate, (1) the Regular Certificates
and (2) the Loan-Specific Certificates): Upon (I) the written direction of Holders of Applicable Certificates evidencing at least 25%
of the Voting Rights of all of the Applicable Certificates requesting a vote to terminate and replace the Special Servicer (with respect
to the related Whole Loan) with a proposed successor Special Servicer, (II) payment by such Holders to the Certificate Administrator of
the reasonable fees and expenses to be incurred by the Certificate Administrator in connection with administering such vote and (III)
delivery by such Holders to the Certificate Administrator and the Trustee of a Rating Agency Confirmation from each Rating Agency addressing
the removal and replacement of the Special Servicer with respect to the Yorkshire & Lexington Towers Whole Loan (which confirmations
shall be obtained at the expense of such Holders), the Certificate Administrator shall promptly provide written notice to all Certificateholders
and Loan-Specific Certificateholders of such request by posting such notice on its internet website and by mailing at their addresses
appearing in the Certificate Register. Upon the affirmative vote of (a) the Holders of Applicable Certificates evidencing at least 66-2/3%
of the Voting Rights allocable to the Applicable Certificates of those Holders that voted on such matter (provided that Holders representing
the applicable Certificateholder Quorum vote on the matter) or (b) the Holders of Applicable Certificates that are Non-Reduced Certificates
or Non-Reduced Loan-Specific Certificates, as applicable, evidencing more than 50% of the Voting Rights allocable to each such Class of
Applicable Certificates that are Non-Reduced Certificates or Non-Reduced Loan-Specific Certificates, as applicable, the Trustee shall
terminate all of the rights and obligations of the Special Servicer under this Agreement with respect to the related Whole Loan and appoint
the proposed successor Special Servicer; provided that if that affirmative vote is not achieved within 180 days of the initial request
for a vote to so terminate and replace the Special Servicer, then that vote will have no force and effect. The Certificate Administrator
shall include on each Distribution Date Statement a statement that each Certificateholder and beneficial owner of Certificates and each
Loan-Specific Certificateholder and beneficial owner of Loan-Specific Certificates may access such notices on the Certificate Administrator’s
Website, and each Holder of the Applicable Certificates and beneficial owner of the Applicable Certificates may register to receive email
notifications when such notices are posted on the website. Any such appointment of a successor Special Servicer with respect to the related
Whole Loan based on a vote of Holders of Applicable Certificates will be subject to the receipt of a Rating Agency Confirmation.

(iv)               The
procedures for removing the Special Servicer solely with respect to the Yorkshire & Lexington Towers Whole Loan if a Yorkshire &
Lexington Towers Control Termination Event has occurred and is continuing and a Yorkshire & Lexington Towers Control Appraisal Period
is not in effect, shall be as follows: Upon (I) the written direction of Holders of Loan-Specific Certificates evidencing at least 25%
of the Loan-Specific Voting Rights requesting a vote to terminate and replace the Special Servicer (solely with respect to the Yorkshire
& Lexington Towers Whole Loan) with a proposed successor Special Servicer, (II) payment by such Holders to the Certificate Administrator
of the reasonable fees and expenses to be incurred by the Certificate Administrator in connection with administering

    	 	- 426 -	 

     

    

such vote and (III) delivery by such Holders
to the Certificate Administrator and the Trustee of a Rating Agency Confirmation from each Rating Agency addressing the removal and replacement
of the Special Servicer with respect to the Yorkshire & Lexington Towers Whole Loan (which confirmations shall be obtained at the
expense of such Holders), the Certificate Administrator shall promptly provide written notice to all Loan-Specific Certificateholders
of such request by posting such notice on its internet website and by mailing at their addresses appearing in the Certificate Register.
Upon the affirmative vote of (a) the Holders of Loan-Specific Certificates evidencing at least 75% of the Loan-Specific Voting Rights
of those Holders that voted on such matter (provided that Holders representing a quorum of at least 66 2/3% of all Loan-Specific Voting
Rights (taking into account the allocation of any Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the respective
classes of applicable Loan-Specific Principal Balance Certificates) vote on the matter) or (b) the Holders of each class of Loan-Specific
Certificates that are Non-Reduced Loan-Specific Certificates evidencing more than 50% of the Loan-Specific Voting Rights allocable
to each Class of Non-Reduced Loan-Specific Certificates, the Trustee shall terminate all of the rights and obligations of the
Special Servicer under this Agreement with respect to the Yorkshire & Lexington Towers Whole Loan and appoint the proposed successor
Special Servicer; provided that if that affirmative vote is not achieved within 180 days of the initial request for a vote to so
terminate and replace the Special Servicer with respect to the Yorkshire & Lexington Towers Whole Loan, then that vote will have no
force and effect. The Certificate Administrator will include on each Distribution Date Statement a statement that each Loan-Specific Certificateholder
and beneficial owner of Loan-Specific Certificates may access such notices on the Certificate Administrator’s Website and each Loan-Specific
Certificateholder and beneficial owner of Loan-Specific Certificates may register to receive email notifications when such notices are
posted on the website. Any such appointment of a successor Special Servicer with respect to the Yorkshire & Lexington Towers Whole
Loan based on a Loan-Specific Certificateholder vote will be subject to the receipt of a Rating Agency Confirmation.

 

(b)                 (i)At
any time after the occurrence and during the continuance of a Consultation Termination Event with respect to the Serviced Loans (other
than any Trust Subordinate Companion Whole Loan), if the Operating Advisor determines, in its sole discretion exercised in good faith,
that (1) the Special Servicer has failed to comply with the Servicing Standard and (2) a replacement of the Special Servicer would be
in the best interest of the Certificateholders and the Uncertificated VRR Interest Owner (as a collective whole), the Operating Advisor
shall deliver to the Trustee and the Certificate Administrator, with a copy to the Special Servicer, a written recommendation in the
form of Exhibit T attached hereto (which form may be modified or supplemented from time to time to cure any ambiguity or
error or to incorporate any additional information, subject to compliance of such form with the terms and provisions of this Agreement,
provided that in no event shall the information or any other content included in such written recommendation contravene any provision
of this Agreement) detailing the reasons supporting its position (along with relevant information justifying its recommendation),

    	 	- 427 -	 

     

    

recommending a replacement special servicer
with respect to the Serviced Loans or Serviced Whole Loan(s), meeting the applicable requirements of this Agreement, which recommended
special servicer has agreed to succeed the then-current applicable Special Servicer if appointed in accordance herewith, and requesting
a vote on whether the existing Special Servicer should be replaced with respect to the applicable Serviced Loan(s) or Serviced Whole Loan(s).
In any such event, the Certificate Administrator shall promptly post a copy of such recommendation on the Certificate Administrator’s
Website and by mail send notice of such recommendation to all Certificateholders, asking them to vote whether they wish to remove the
Special Servicer with respect to the applicable Serviced Loans or Serviced Whole Loan. Upon (A) the affirmative vote of the Holders
of Regular Certificates evidencing at least a majority of the aggregate outstanding principal balance of the Certificates of those Holders
that voted on the matter (provided that Holders representing the applicable Certificateholder Quorum vote on the matter within
180 days of the initial request for a vote), and (B) receipt of Rating Agency Confirmation from each Rating Agency by the Certificate
Administrator following satisfaction of the foregoing clause (A), the Trustee shall (x) terminate all of the rights (subject
to Section 3.12, Section 6.03 and Section 6.08(g) of this Agreement) and obligations of the Special
Servicer under this Agreement with respect to the applicable Serviced Loans and Serviced Whole Loan(s) (other than any Trust Subordinate
Companion Whole Loan), (y) appoint the recommended successor Special Servicer with respect to the applicable Serviced Loan(s) or Serviced
Whole Loan(s) and (z) promptly notify such outgoing Special Servicer of the effective date of such termination. The reasonable fees
and out-of-pocket costs and expenses associated with obtaining such Rating Agency Confirmation and administering such vote shall
be an Additional Trust Fund Expense payable out of collections on the Mortgage Loans. If such affirmative vote of the Holders of the required
Regular Certificates contemplated by clause (A) of the second preceding sentence is not achieved within 180 days of the initial
request for such vote (which, for the avoidance of doubt, is the date on the which the aforementioned notice was mailed to the Certificateholders),
then the Trustee shall have no obligation to remove the applicable Special Servicer and such recommendation shall lapse and have no force
or effect. Prior to the appointment of any replacement special servicer, such replacement special servicer shall have agreed to succeed
to the obligations of the Special Servicer under this Agreement with respect to the applicable Serviced Loan(s) or Serviced Whole Loan(s),
as applicable, and to act as the applicable Special Servicer’s successor hereunder.

(ii)               
At any time after the occurrence and during the continuance of a Consultation Termination Event with respect to any Trust Subordinate
Companion Whole Loan, if the Operating Advisor determines, in its sole discretion exercised in good faith, that (1) the Special Servicer
has failed to comply with the Servicing Standard and (2) a replacement of the Special Servicer would be in the best interest of the Certificateholders,
the Uncertificated VRR Interest Owner and the related Loan-Specific Certificateholders (as a collective whole), the Operating Advisor
shall deliver to the Trustee and the Certificate Administrator, with a copy to the Special Servicer, a written recommendation in the form
of Exhibit T attached hereto (which form may be modified or supplemented from time to time to cure any ambiguity or error
or to incorporate any additional information, subject to compliance of such form with the terms and provisions of this Agreement, provided

    	 	- 428 -	 

     

    

that in no event shall the information
or any other content included in such written recommendation contravene any provision of this Agreement) detailing the reasons supporting
its position (along with relevant information justifying its recommendation), recommending a replacement special servicer with respect
to the Trust Subordinate Companion Whole Loan, meeting the applicable requirements of this Agreement, which recommended special servicer
has agreed to succeed the then-current applicable Special Servicer with respect to the Trust Subordinate Companion Whole Loan if appointed
in accordance herewith, and requesting a vote on whether the existing Special Servicer with respect to the Trust Subordinate Companion
Whole Loan should be replaced with respect to the applicable Trust Subordinate Companion Whole Loan. In any such event, the Certificate
Administrator shall promptly post a copy of such recommendation on the Certificate Administrator’s Website and by mail send notice
of such recommendation to all Certificateholders and related Loan-Specific Certificateholders, asking them to vote whether they wish to
remove the Special Servicer with respect to the Trust Subordinate Companion Whole Loan. Upon (A) the affirmative vote of the Holders
of Certificates and/or related Loan-Specific Certificates evidencing at least a majority of the aggregate outstanding principal balance
of the such Certificates and/or related Loan-Specific Certificates of those Holders that voted on the matter (provided that Holders
representing the applicable Certificateholder Quorum vote on the matter within 180 days of the initial request for a vote), and (B) receipt
of Rating Agency Confirmation from each Rating Agency by the Certificate Administrator following satisfaction of the foregoing clause (A),
the Trustee shall (x) terminate all of the rights (subject to Section 3.12, Section 6.03 and Section 6.08(g)
of this Agreement) and obligations of the Special Servicer under this Agreement with respect to the Trust Subordinate Companion Whole
Loan, (y) appoint the recommended successor Special Servicer with respect to the Trust Subordinate Companion Whole Loan and (z) promptly
notify such outgoing Special Servicer of the effective date of such termination. The reasonable fees and out-of-pocket costs and
expenses associated with obtaining such Rating Agency Confirmation and administering such vote shall be an Additional Trust Fund Expense.
If such affirmative vote of the Holders of the required Certificates and/or related Loan-Specific Certificates contemplated by clause (A)
of the second preceding sentence is not achieved within 180 days of the initial request for such vote (which, for the avoidance of
doubt, is the date on the which the aforementioned notice was mailed to the Certificateholders and related Loan-Specific Certificateholders),
then the Trustee shall have no obligation to remove the applicable Special Servicer and such recommendation shall lapse and have no force
or effect. Prior to the appointment of any replacement special servicer, such replacement special servicer shall have agreed to succeed
to the obligations of the Special Servicer under this Agreement with respect to Trust Subordinate Companion Whole Loan, and to act as
the applicable Special Servicer’s successor hereunder.

(iii)                 With
respect to the Yorkshire & Lexington Towers Whole Loan, at any time, if the Operating Advisor determines, in its sole discretion
exercised in good faith, that (1) the Special Servicer has failed to comply with the Servicing

    	 	- 429 -	 

     

    

Standard and (2) a replacement of the Special
Servicer would be in the best interest of the related Loan-Specific Certificateholders (as a collective whole), the Operating Advisor
shall deliver to the Trustee and the Certificate Administrator, with a copy to the Special Servicer, a written recommendation in the form
of Exhibit T attached hereto (which form may be modified or supplemented from time to time to cure any ambiguity or error
or to incorporate any additional information, subject to compliance of such form with the terms and provisions of this Agreement, provided
that in no event shall the information or any other content included in such written recommendation contravene any provision of this Agreement)
detailing the reasons supporting its position (along with relevant information justifying its recommendation), recommending a replacement
special servicer with respect to the Yorkshire & Lexington Towers Whole Loan, meeting the applicable requirements of this Agreement,
which recommended special servicer has agreed to succeed the then-current applicable Special Servicer with respect to the Yorkshire
& Lexington Towers Whole Loan if appointed in accordance herewith, and requesting a vote on whether the existing Special Servicer
should be replaced with respect to the Yorkshire & Lexington Towers Whole Loan. In any such event, the Certificate Administrator shall
promptly post a copy of such recommendation on the Certificate Administrator’s Website and by mail send notice of such recommendation
to all applicable Loan-Specific Certificateholders, asking them to vote whether they wish to remove the Special Servicer with respect
to the Yorkshire & Lexington Towers Whole Loan. Upon (A) the affirmative vote of the Holders of related Loan-Specific Certificates
evidencing at least a majority of the aggregate outstanding principal balance of such Loan-Specific Certificates of those Holders that
voted on the matter (provided that Holders representing the applicable Certificateholder Quorum vote on the matter within 180 days
of the initial request for a vote), and (B) receipt of Rating Agency Confirmation from each Rating Agency by the Certificate Administrator
following satisfaction of the foregoing clause (A), the Trustee shall (x) terminate all of the rights (subject to Section 3.12,
Section 6.03 and Section 6.08(g) of this Agreement) and obligations of the Special Servicer under this Agreement
with respect to the Yorkshire & Lexington Towers Whole Loan, (y) appoint the recommended successor Special Servicer with respect to
the Yorkshire & Lexington Towers Whole Loan and (z) promptly notify such outgoing Special Servicer of the effective date of such
termination. The reasonable fees and out-of-pocket costs and expenses associated with obtaining such Rating Agency Confirmation
and administering such vote shall be an Additional Trust Fund Expense . If such affirmative vote of the Holders of the required Certificates
and/or related Loan-Specific Certificates contemplated by clause (A) of the second preceding sentence is not achieved within
180 days of the initial request for such vote (which, for the avoidance of doubt, is the date on the which the aforementioned notice
was mailed to the related Loan-Specific Certificateholders), then the Trustee shall have no obligation to remove the applicable Special
Servicer and such recommendation shall lapse and have no force or effect. Prior to the appointment of any replacement special servicer,
such replacement special servicer shall have agreed to succeed to the obligations of the Special Servicer under this Agreement with respect
to Yorkshire & Lexington

    	 	- 430 -	 

     

    

Towers Whole Loan, and to act as the applicable
Special Servicer’s successor hereunder.

(iv)               No
penalty or fee shall be payable to the terminated Special Servicer with respect to any termination pursuant to this Section 6.08(b).
If the entity acting as Special Servicer is terminated pursuant to this Section 6.08(b), then (notwithstanding anything
herein to the contrary) the terminated party may not subsequently be re-appointed as the Special Servicer hereunder with respect
to the Serviced Loan(s), Serviced Whole Loan(s) or Trust Subordinate Companion Whole Loan, as applicable, as to which it was terminated
pursuant to this Section 6.08(b), any other section of this Agreement or any Co-Lender Agreement.

(c)              
In no event may a successor Special Servicer be a current or former Operating Advisor or Asset Representations Reviewer or any
Affiliate of such current or former Operating Advisor or Asset Representations Reviewer. Further, such successor must be a Person that
(i) satisfies all of the eligibility requirements applicable to special servicers contained in this Agreement and, in the case of
a Serviced Whole Loan, in the related Co-Lender Agreement, (ii) is not obligated or allowed to pay the Operating Advisor (x) any
fees or otherwise compensate the Operating Advisor in respect of its obligations under this Agreement or (y) for the appointment
of the successor Special Servicer or the recommendation by the Operating Advisor for the replacement Special Servicer to become the Special
Servicer, (iii) is not entitled to waive any compensation from the Operating Advisor and (iv) is not entitled to receive any
fee from the Operating Advisor for its appointment as successor Special Servicer, in each case, unless expressly approved by 100% of the
Certificateholders.

(d)                 The
appointment of any such successor Special Servicer shall not relieve the Master Servicer or the Trustee of their respective obligations
to make Advances as set forth herein; provided, however, the initial Special Servicer specified in Section 3.21(a)
of this Agreement shall not be liable for any actions or any inaction of such successor Special Servicer. Any termination fee payable
to the terminated Special Servicer and any costs incurred by the Trust or the terminated Special Servicer in connection with the replacement
of a Special Servicer shall be paid by the Controlling Class Representative, the Certificateholders or the Serviced Companion
Loan Holder so terminating the Special Servicer and shall not in any event be an expense of the Trust Fund.

(e)                  No
termination of the Special Servicer and appointment of a successor Special Servicer shall be effective until (i) the successor
Special Servicer shall have executed and delivered to the Trustee and the Certificate Administrator an agreement which contains an assumption
by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by the Special
Servicer under this Agreement from and after the date of such agreement, (ii) the Depositor and, if applicable, each related Other Depositor
shall have received the written notice and information with respect to the successor Special Servicer as set forth in Section 10.02(a)
and (iii) subject to Section 12.13 of this Agreement, each Rating Agency has delivered to the Trustee and the Certificate
Administrator a Rating Agency Confirmation and, if required pursuant to Section 6.08(a), each Companion Loan Rating Agency
has delivered

    	 	- 431 -	 

     

    

to the Trustee and the Certificate Administrator
and their respective counterparts with respect to the Other Securitization Trust a Companion Loan Rating Agency Confirmation, in each
case with respect to such termination and appointment of a successor.

(f)                   Any
successor Special Servicer shall be deemed to make the representations and warranties provided for in Section 2.06(a) of
this Agreement mutatis mutandis as of the date of its succession.

(g)              
In the event that the Special Servicer is terminated pursuant to this Section 6.08, the Trustee shall, by notice in
writing to the Special Servicer, terminate all of its rights and obligations under this Agreement and in and to the applicable Mortgage
Loan(s) and/or Serviced Whole Loans and the proceeds thereof, other than any rights the Special Servicer may have hereunder as a Certificateholder
and any rights or obligations that accrued prior to the date of such termination or that survive termination (including, without limitation,
the right to receive all amounts accrued or owing to it under this Agreement, plus interest at the Advance Rate on such amounts until
received to the extent such amounts bear interest as provided in this Agreement, with respect to periods prior to the date of such termination
and the right to the benefits of Section 6.03 of this Agreement and the right to receive ongoing Workout Fees in accordance
with the terms hereof).

(h)              
As of the Closing Date, there are separate Special Servicers for the Yorkshire & Lexington Towers Whole Loan and the remaining
Serviced Loans, respectively. In addition, if (1) a replacement special servicer is appointed with respect to any other Serviced Whole
Loan or any related REO Property in accordance with Article VII or this Section 6.08 or (2) an Excluded Mortgage Loan
Special Servicer is appointed with respect to an Excluded Special Servicer Mortgage Loan, there may be additional parties acting as Special
Servicer hereunder. Accordingly, unless the context clearly requires otherwise: (i) when used in the context of imposing duties and obligations
on the Special Servicer hereunder or the performance of such duties and obligations, the term “Special Servicer” shall mean
(A) the applicable Whole Loan Special Servicer, insofar as such duties and obligations relate to the subject Serviced Whole Loan or any
related REO Property, (B) the applicable Excluded Mortgage Loan Special Servicer, insofar as such duties and obligations relate to the
subject Excluded Special Servicer Mortgage Loan or any related REO Property and (C) the General Special Servicer, in all other cases (provided,
that in Section 3.15 and Article VII of this Agreement, the term “Special Servicer” shall mean each
of the Whole Loan Special Servicers, the Excluded Mortgage Loan Special Servicers (if any) and the General Special Servicer); (ii) when
used in the context of identifying the recipient of any information, funds, documents, instruments and/or other items, the term “Special
Servicer” shall mean (A) the applicable Whole Loan Special Servicer, insofar as such information, funds, documents, instruments
and/or other items relate to the subject Serviced Whole Loan or any related REO Property, (B) the applicable Excluded Mortgage Loan
Special Servicer, insofar as such information, funds, documents, instruments and/or other items relate to the subject Excluded Special
Servicer Mortgage Loan or any related REO Property and (C) the General Special Servicer, in all other cases; (iii) when used
in the context of granting the Special Servicer the right to purchase all of the Trust Loans and all other property held by the Trust
Fund pursuant to Section 9.01 of this Agreement, the term “Special Servicer” shall mean the General Special

    	 	- 432 -	 

     

    

Servicer only; (iv) when used in
the context of granting the Special Servicer the right to purchase the Trust Subordinate Companion Loan and related property held by the
Trust Fund pursuant to Section 9.01 of this Agreement, the term “Special Servicer” shall mean the Special Servicer
of the Yorkshire & Lexington Towers Whole Loan only; (v)  when used in the context of the Special Servicer being replaced pursuant
to this Section 6.08 by the applicable Directing Holder or the applicable Certificateholders, the term “Special Servicer”
shall mean the General Special Servicer, the applicable Whole Loan Special Servicer or the applicable Excluded Mortgage Loan Special Servicer,
as applicable; (vi) when used in the context of granting the Special Servicer any protections, limitations on liability, immunities and/or
indemnities hereunder, the term “Special Servicer” shall mean each of the Whole Loan Special Servicers, the Excluded Mortgage
Loan Special Servicers (if any) and the General Special Servicer; and (vii) when used in the context of requiring indemnification from,
imposing liability on, or exercising any remedies against, the Special Servicer for any breach of a representation, warranty or covenant
hereunder or for any negligence, bad faith or willful misconduct in the performance of duties and obligations hereunder or any negligent
disregard of such duties and obligations or otherwise holding the Special Servicer responsible for any of the foregoing, the term “Special
Servicer” shall mean the applicable Whole Loan Special Servicer, the applicable Excluded Mortgage Loan Special Servicer or the General
Special Servicer, as applicable.

(i)                
References in this Agreement to “General Special Servicer” mean the Person performing the duties and obligations of
special servicer with respect to the Mortgage Pool (exclusive of (A) any Serviced Whole Loan or related REO Property as to which a different
Whole Loan Special Servicer has been appointed with respect thereto and (B) any Excluded Special Servicer Mortgage Loan or any related
REO Property as to which an Excluded Mortgage Loan Special Servicer has been appointed with respect thereto).

(j)                   Notwithstanding
anything to the contrary contained in this Section 6.08, if the Special Servicer obtains knowledge that it is, or has become,
a Borrower Party with respect to any Mortgage Loan or Whole Loan, then the Special Servicer shall resign in such capacity with respect
to such Excluded Special Servicer Mortgage Loan. The applicable Directing Holder shall appoint (and replace with or without cause) the
Excluded Mortgage Loan Special Servicer, as successor to the resigning Special Servicer, for the related Excluded Special Servicer Mortgage
Loan in accordance with this Agreement. If an Excluded Special Servicer Mortgage Loan is also an Excluded Mortgage Loan, the largest
Controlling Class Certificateholder (by Certificate Balance) that is not an Excluded Controlling Class Holder shall be entitled to appoint
(and replace with or without cause) the Excluded Mortgage Loan Special Servicer for the related Excluded Special Servicer Mortgage Loan
in accordance with this Agreement. If a Control Termination Event has occurred and is continuing, neither the Controlling Class Representative
nor any other Controlling Class Certificateholder shall be entitled to remove or replace the Special Servicer with respect to any Excluded
Special Servicer Mortgage Loan. If a Control Termination Event has occurred and is continuing but prior to the occurrence and continuance
of a Consultation Termination Event, the largest Controlling Class Certificateholder that is not an Excluded Controlling Class Holder
shall have the right to appoint the Excluded Mortgage Loan Special Servicer.

    	 	- 433 -	 

     

    

If there is no applicable
Directing Holder entitled to appoint an Excluded Mortgage Loan Special Servicer for an Excluded Special Servicer Mortgage Loan (or if
there is an applicable Directing Holder so entitled but it has not appointed a replacement special servicer for the related Excluded Special
Servicer Mortgage within 30 days), then the Certificate Administrator shall provide written notice to the resigning Special Servicer
that such Excluded Mortgage Loan Special Servicer has not been appointed and such resigning Special Servicer shall use reasonable efforts
to appoint such Excluded Mortgage Loan Special Servicer. In the event that the resigning Special Servicer is required to appoint an Excluded
Mortgage Loan Special Servicer, the resigning Special Servicer shall not have any liability for the actions of the newly appointed Excluded
Mortgage Loan Special Servicer, and absent willful misconduct, bad faith, fraud or negligence on the part of such resigning Special Servicer,
the resigning Special Servicer and its directors, members, managers, officers, employees and agents will be entitled to be indemnified
by the Trust Fund against any and all losses or liability incurred in connection with any legal action resulting from the actions of the
Excluded Mortgage Loan Special Servicer. It shall be a condition to the appointment of any such Excluded Mortgage Loan Special Servicer
that (i) such Excluded Mortgage Loan Special Servicer has delivered a Rating Agency Confirmation with respect such appointment to
the Certificate Administrator and the Trustee and, if the related Excluded Special Servicer Mortgage Loan is part of a Serviced Whole
Loan, a Companion Loan Rating Agency Confirmation with respect to such appointment to the certificate administrator (if any) and the trustee
for each related Other Securitization Trust (with a copy to the Certificate Administrator and the Trustee), (ii) such Excluded Mortgage
Loan Special Servicer satisfies all of the eligibility requirements applicable to the Special Servicer set forth in this Agreement and
(iii) such Excluded Mortgage Loan Special Servicer delivers to the Depositor (and the Certificate Administrator) and any applicable
Other Depositor (and any applicable Other Exchange Act Reporting Party), the information, if any, required under Item 6.02 of Form 8-K
pursuant to the Exchange Act regarding itself in its role as Excluded Mortgage Loan Special Servicer.

If at any time the Person
that had acted as the Special Servicer for any Mortgage Loan or Whole Loan prior to such Mortgage Loan or Whole Loan, as the case may
be, becoming an Excluded Special Servicer Mortgage Loan is no longer a Borrower Party (including, without limitation, as a result of the
related Mortgaged Property becoming REO Property or an assumption of the Excluded Special Servicer Mortgage Loan) with respect to such
Mortgage Loan or Whole Loan, as the case may be, (1) the related Excluded Mortgage Loan Special Servicer shall resign, (2) such Mortgage
Loan or Whole Loan, as the case may be, shall no longer be an Excluded Special Servicer Mortgage Loan, (3) such original Special Servicer
shall become the Special Servicer again for such Mortgage Loan or Whole Loan, as the case may be, and (4) such original Special Servicer
shall be entitled to all Special Servicing Compensation and Additional Special Servicing Compensation with respect to such Mortgage Loan
or Whole Loan, as the case may be, earned during such time on and after such Mortgage Loan or Whole Loan, as the case may be, is no longer
an Excluded Special Servicer Mortgage Loan.

The Excluded Mortgage Loan
Special Servicer shall perform all of the obligations of the Special Servicer for the related Excluded Special Servicer Mortgage Loan
and will be entitled to all Special Servicing Compensation and Additional Special Servicing Compensation with respect to such Excluded
Special Servicer Mortgage Loan earned after its appointment as the Excluded Mortgage Loan Special Servicer and during such time as the
related Mortgage Loan or Whole Loan is an Excluded Special Servicer Mortgage Loan (provided that the Special Servicer

    	 	- 434 -	 

     

    

shall remain entitled to all Special Servicing
Compensation and Additional Special Servicing Compensation with respect to the Mortgage Loans and Serviced Whole Loans that are not Excluded
Special Servicer Mortgage Loans during such time).

Notwithstanding anything
to the contrary in this Section 6.08(j), in the case of any Serviced Outside Controlled Whole Loan, the related Outside Controlling
Note Holder will have the right to appoint an Excluded Mortgage Loan Special Servicer.

(k)              
If a Servicing Officer of the Master Servicer, a related Excluded Mortgage Loan Special Servicer, or the Special Servicer, as applicable,
has actual knowledge that a Mortgage Loan is no longer an Excluded Mortgage Loan, an Excluded Controlling Class Mortgage Loan or
an Excluded Special Servicer Mortgage Loan, as applicable, the Master Servicer, the related Excluded Mortgage Loan Special Servicer or
Special Servicer, as applicable, shall provide prompt written notice thereof to each of the other parties to this Agreement.

Section 6.09             The
Directing Holder, the Controlling Class Representative and the Risk Retention Consultation Parties.

(a)              
The applicable Directing Holder shall be entitled to advise (1) the Special Servicer, with respect to the applicable Serviced
Loan(s) that are Specially Serviced Loan(s) and (2) the Special Servicer, with respect to the applicable Serviced Loan(s) that are Performing
Serviced Loan(s), as to all Major Decisions, in each case as set forth in this Section 6.09. With respect to any Outside Serviced
Mortgage Loan, the Controlling Class Representative shall be entitled to exercise consultation and, to the extent provided in Section
3.01(i), consent rights (if any) and attend annual meetings with the related Outside Servicer and the related Outside Special Servicer,
in each case, to the extent the holder of such Outside Serviced Mortgage Loan is entitled to such rights pursuant to the related Co-Lender
Agreement.

In addition, except as set
forth in, and in any event subject to, Section 6.09(b) and the subsequent paragraphs of this Section 6.09(a),
(1) the Master Servicer shall not be permitted to take any of the actions constituting a Major Decision unless the Master Servicer
and the Special Servicer mutually agree that the Master Servicer shall take such action, subject to the consent of the Special Servicer,
who shall have 15 Business Days (or 60 days with respect to the determination of an Acceptable Insurance Default) (from the date
that the Special Servicer receives the information from the Master Servicer) to analyze and make a recommendation regarding such Major
Decision (provided that if the Special Servicer does not consent, or notify the Master Servicer that it will not consent, to such
Major Decision within the required 15 Business Days or 60 days, as applicable, the Special Servicer shall be deemed to have consented
to such Major Decision), and (2) the Special Servicer shall not be permitted to take, or to consent to the Master Servicer’s
taking, any of the actions constituting a Major Decision as to which the applicable Directing Holder has objected in writing within ten
(10) Business Days (or in the case of a determination of an Acceptable Insurance Default, twenty (20) days (or, in the case of a
Serviced Outside Controlled Whole Loan, such other period contemplated by the related Co-Lender Agreement)) after receipt of the related
Major Decision Reporting Package from the Special Servicer (provided that if such written objection has not been received by the
Special Servicer

    	 	- 435 -	 

     

    

within such ten (10) Business Day period or
twenty (20) day period (or, in the case of a Serviced Outside Controlled Whole Loan, such other period contemplated by the related
Co-Lender Agreement), as applicable, then such applicable Directing Holder will be deemed to have approved such action).

Furthermore, any applicable
Directing Holder (in the case of an Outside Controlling Note Holder, to the extent provided in the related Co-Lender Agreement) may direct
the Special Servicer to take, or to refrain from taking, such other actions with respect to any Serviced Loan as such party may reasonably
deem advisable or as to which provision is otherwise made herein.

In addition, prior to taking,
or consenting to the Master Servicer’s taking of, any Major Decision, the Special Servicer shall consult (on a non-binding basis)
with any applicable Consulting Parties (including, with respect to the Operating Advisor when it is an applicable Consulting Party under
the circumstances set forth in Section 3.29 and, with respect to the Risk Retention Consultation Parties under the circumstances
set forth in the third following paragraph and, with respect to a Serviced Companion Loan Holder, under the circumstances contemplated
by the related Co-Lender Agreement) in connection with any Major Decision with respect to a Serviced Mortgage Loan or Serviced Whole Loan
and consider alternative actions recommended by such Consulting Parties, but, in the case of the Controlling Class Representative when
it is a Consulting Party, only to the extent such consultation with, or consent of, the Controlling Class Representative would have been
required prior to the occurrence and continuance of a Control Termination Event; provided that each such consultation is not binding on
the Special Servicer; and provided, further, that the Controlling Class Representative (when it is an applicable Consulting
Party) may consult regarding a Serviced Outside Controlled Whole Loan only if and to the extent that the holder of the related Split Mortgage
Loan is granted consultation rights under the related Co-Lender Agreement; and provided, further, that, with respect to
any matter for which consultation with the Controlling Class Representative is required and no response from the Controlling Class Representative
is received within ten (10) Business Days following the later of (i) the Controlling Class Representative’s receipt of written request
for input on such consultation and (ii) the Controlling Class Representative’s receipt of all reasonably requested information and
all information required to be delivered to the Controlling Class Representative under this Agreement with respect to such consultation,
the Master Servicer or the Special Servicer, as applicable, shall not be obligated to consult with the Controlling Class Representative
on the specific matter; provided, however, that the failure of Controlling Class Representative to respond will not relieve
the Master Servicer or the Special Servicer, as applicable, from using reasonable efforts to consult with Controlling Class Representative
on any future matters with respect to the applicable Serviced Mortgage Loan or Serviced Whole Loan or any other Serviced Mortgage Loan.
For the avoidance of doubt, with respect to any Serviced Outside Controlled Whole Loan (which, for the avoidance of doubt, shall include,
without limitation, any Servicing Shift Whole Loan prior to the related Servicing Shift Date), the Special Servicer shall be responsible
for obtaining any consent or deemed consent of the related Outside Controlling Note Holder for “Major Decisions” (as such
term or any analogous term is defined in the related Co-Lender Agreement) to the extent such consent is required under this Agreement
or under the terms of the related Co-Lender Agreement. The Special Servicer shall provide all information reasonably requested by any
applicable Consulting Party and in the Special Servicer's possession that is necessary in order for such Consulting Party to exercise
its consultation rights set forth in the first sentence of this paragraph.

    	 	- 436 -	 

     

    

Each Consulting Party shall
have consultation rights with respect to such Mortgage Loans and/or Serviced Whole Loans and at such times and/or under such circumstances
as contemplated by the definition of “Consulting Party.”

With respect to a Servicing
Shift Whole Loan that is a Serviced Outside Controlled Whole Loan, prior to the related Servicing Shift Date, no request for approval
of the Controlling Class Representative shall be made on any matter related to such Servicing Shift Whole Loan, except that the Controlling
Class Representative (prior to the occurrence and continuance of a Consultation Termination Event and only if the related Servicing Shift
Mortgage Loan is not an Excluded Mortgage Loan) may exercise the consultation rights, if any, of the holder of the related Servicing Shift
Mortgage Loan with respect to Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan set forth in the applicable
Co-Lender Agreement. In addition, the Operating Advisor (when it is an applicable Consulting Party) will be entitled, while a Servicing
Shift Mortgage Loan is serviced hereunder, to consult on a non-binding basis with the Special Servicer and propose alternative courses
of action and provide other feedback in respect of any Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan.

With respect to each Major
Decision regarding a Serviced Loan as to which any applicable Directing Holder has consent or consultation rights pursuant to this Section
6.09, the Special Servicer shall provide the related Major Decision Reporting Package to the applicable Directing Holder, simultaneously
with the Special Servicer’s request for the applicable Directing Holder’s consent or input regarding the related Major Decision.
With respect to each Major Decision regarding a Serviced Loan as to which any Risk Retention Consultation Party has consultation rights
pursuant to this Section 6.09, the Special Servicer shall provide the related Major Decision Reporting Package to such Risk Retention
Consultation Party, simultaneously with the Special Servicer’s request for such Risk Retention Consultation Party’s input
regarding the related Major Decision. The Special Servicer shall provide each Major Decision Reporting Package to the Operating Advisor:
(i) prior to the occurrence and continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan
Securitization, a related Operating Advisor Consultation Trigger Event) and with respect to any Specially Serviced Loan, promptly after
the Special Servicer receives the Directing Holder’s approval or deemed approval of such Major Decision Reporting Package; and (ii)
following the occurrence and continuance of a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization,
a related Operating Advisor Consultation Trigger Event) and with respect to any Serviced Loan, simultaneously with the Special Servicer’s
written request for the Operating Advisor’s input regarding the related Major Decision. With respect to any particular Major Decision
and related Major Decision Reporting Package provided to the Operating Advisor pursuant to this Section 6.09(a), the Special Servicer
shall make available to the Operating Advisor one or more Servicing Officers with relevant knowledge regarding the applicable Mortgage
Loan and such Major Decision in order to address reasonable questions that the Operating Advisor may have relating to, among other things,
such Major Decision and potential conflicts of interest and compensation with respect to such Major Decision.

In addition, (i) for so long
as no Consultation Termination Event is continuing, with respect to any Specially Serviced Loan (other than any Outside Serviced Mortgage
Loan or any Excluded RRCP Mortgage Loan with respect to the applicable Risk Retention Consultation Party), and (ii) during the continuance
of a Consultation Termination Event, with respect to any

    	 	- 437 -	 

     

    

Mortgage Loan (other than any Outside Serviced
Mortgage Loan or any Excluded RRCP Mortgage Loan with respect to the applicable Risk Retention Consultation Party), the Master Servicer
and the Special Servicer shall consult with each Risk Retention Consultation Party on a non-binding basis in connection with any Major
Decision that it is processing (and such other matters that are subject to the non-binding consultation rights of such Risk Retention
Consultation Party pursuant to this Agreement which, for the avoidance of doubt, shall include the matters set forth in Sections 3.09,
3.17(m), 3.24 and this Section 6.09 and in the definition of “Acceptable Insurance Default”) and to consider
alternative actions recommended by such Risk Retention Consultation Party in respect of such Major Decision (or any other matter requiring
consultation with such Risk Retention Consultation Party pursuant to this Agreement); provided that in the event the Master Servicer
or the Special Servicer receives no response from a Risk Retention Consultation Party within 10 days following the Master Servicer’s
delivery of information in its possession reasonably requested by such Risk Retention Consultation Party or the Special Servicer’s
delivery of the related Major Decision Reporting Package, the Master Servicer or the Special Servicer, as applicable, shall not be obligated
to consult with such Risk Retention Consultation Party on the specific matter (provided, however, that the failure of such
Risk Retention Consultation Party to respond will not relieve the Master Servicer or the Special Servicer, as applicable, from using reasonable
efforts to consult with such Risk Retention Consultation Party on any future matters with respect to the applicable Serviced Mortgage
Loan or Serviced Whole Loan or any other Serviced Mortgage Loan). For the avoidance of doubt, (x) no Risk Retention Consulting Party shall
have any consultation rights with respect to any related Excluded RRCP Mortgage Loan and (y) any consultation with any Risk Retention
Consultation Party under this Agreement shall be on a strictly non-binding basis and shall be subject to all limitations with respect
to the procedures and timing for such consultation set forth in this Section 6.09.

Notwithstanding anything
in this Agreement to the contrary, in the event that the Special Servicer or Master Servicer (in the event the Master Servicer is otherwise
authorized by this Agreement to take such action), as applicable, determines that immediate action, with respect to a Major Decision,
or any other matter requiring consent of, or consultation with, any applicable Directing Holder or consultation with any applicable Consulting
Party, is necessary to protect the interests of the Certificateholders, the Loan-Specific Certificateholders, the Uncertificated VRR Interest
Owner and, with respect to any Serviced Whole Loan, the related Serviced Companion Loan Holder(s) (as a collective whole as if such Certificateholders,
such Loan-Specific Certificateholders, the Uncertificated VRR Interest Owner and, with respect to any Serviced Whole Loan, the related
Serviced Companion Loan Holder(s) constituted a single lender (and, with respect to a Serviced AB Whole Loan, taking into account the
subordinate nature of the related Subordinate Companion Loan(s))), the Special Servicer or Master Servicer, as applicable, may take any
such action without waiting for the applicable Directing Holder’s (or, if applicable, the Special Servicer’s) or any Consulting
Party’s, as applicable, response.

Also notwithstanding anything
in this Agreement to the contrary, no direction, objection, advice or consultation on the part of any applicable Directing Holder, and
no advice or consultation from any applicable Consulting Party, contemplated by this Agreement, may require or cause the Master Servicer
or the Special Servicer to violate the terms of any Trust Loan or Serviced Whole Loan, any provision of any related Loan Documents, any
related Co-Lender Agreement, any intercreditor agreement, applicable law, this Agreement or the REMIC Provisions, including without limitation
each of the Master Servicer’s and the Special Servicer’s obligation to

    	 	- 438 -	 

     

    

act in accordance with the Servicing Standard,
or expose any Certificateholder, any Loan-Specific Certificateholder, the Uncertificated VRR Interest Owner, the Trust Fund, any Mortgage
Loan Seller (other than with respect to enforcing the rights and remedies against such Mortgage Loan Seller pursuant to this Agreement
or the related Mortgage Loan Purchase Agreement with respect to any Material Defect) or any party to this Agreement or their respective
Affiliates, officers, directors, employees or agents to any claim, suit or liability, or cause any Trust REMIC to fail to qualify as a
REMIC or the Grantor Trust to fail to qualify as a grantor trust for federal income tax purposes, or result in the imposition of a “prohibited
transaction” or “prohibited contribution” tax under the REMIC Provisions, or materially expand the scope of the Master
Servicer’s or the Special Servicer’s responsibilities under this Agreement or any Co-Lender Agreement or cause the Master
Servicer or the Special Servicer to act, or fail to act, in a manner that is not in the best interests of the Certificateholders, the
Loan-Specific Certificateholders, the Uncertificated VRR Interest Owner and/or the Serviced Companion Loan Holders.

In the event the Special
Servicer or Master Servicer, as applicable, determines that a refusal to consent by any applicable Directing Holder or any advice from
any applicable Directing Holder or Consulting Party would otherwise cause the Special Servicer or Master Servicer, as applicable, to violate
the terms of any Loan Documents, any related Co-Lender Agreement or mezzanine intercreditor agreement, applicable law, the REMIC Provisions
or this Agreement, including without limitation, the Servicing Standard, the Special Servicer or Master Servicer, as applicable, shall
disregard such refusal to consent or advice and notify in writing the applicable Directing Holder, the applicable Consulting Parties,
the Trustee and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement,
the Rule 17g-5 Information Provider of its determination, including a reasonably detailed explanation of the basis therefor. The taking
of, or refraining from taking, any action by the Master Servicer or Special Servicer in accordance with the direction of or approval of
any applicable Directing Holder or the recommendation of any applicable Consulting Party that does not violate the terms of any Loan Documents,
any related Co-Lender Agreement or mezzanine intercreditor agreement, any law, the REMIC Provisions or the Servicing Standard or any other
provisions of this Agreement, will not result in any liability on the part of the Master Servicer or the Special Servicer.

For so long as no Control
Termination Event has occurred and is continuing, and subject to the terms of the related Co-Lender Agreement, the Controlling Class Representative
shall be entitled, with respect to each Outside Serviced Mortgage Loan other than any Excluded Mortgage Loan, to exercise the consent
or approval rights set forth in Section 3.01(i) of this Agreement; and for so long as no Consultation Termination Event has
occurred and is continuing, the Controlling Class Representative shall be entitled with respect to each Outside Serviced Mortgage
Loan, to exercise any consultation rights permitted under the related Co-Lender Agreement in respect of “Major Decisions”
(or any analogous concept) and the implementation of “Asset Status Reports” (or any analogous concept) under, and within the
meaning of, the applicable Outside Servicing Agreement and attend an annual meeting with the related Outside Servicer and the related
Outside Special Servicer, in each case, to the extent the holder of such Outside Serviced Mortgage Loan is entitled to such rights pursuant
to the related Co-Lender Agreement and the Controlling Class Representative is not prohibited by the related Co-Lender Agreement
from exercising those rights.

    	 	- 439 -	 

     

    

A Directing Holder will have
no liability to the Trust Fund, the Certificateholders or the Uncertificated VRR Interest Owner for any action taken, or for refraining
from the taking of any action, pursuant to this Agreement, or for error in judgment; provided, however, that the Controlling
Class Representative will not be protected against any liability to any Controlling Class Certificateholder that would otherwise
be imposed by reason of willful misfeasance, bad faith or negligence in the performance of duties or by reason of negligent disregard
of obligations or duties.

The Risk Retention Consultation
Parties shall have no liability to the Trust Fund, any party to this Agreement, any Certificateholders or the Uncertificated VRR Interest
Owner for any action taken, or for refraining from the taking of any action, pursuant to this Agreement, or for errors in judgment.

The Uncertificated VRR Interest
Owner and, by its acceptance of a Certificate, each Certificateholder acknowledges and agrees that: (i) a Directing Holder may have
special relationships and interests that conflict with those of Holders of one or more Classes of Certificates or Loan-Specific Certificates
or the Uncertificated VRR Interest Owner; (ii) a Directing Holder may act solely in its own interests (or, in the case of the Controlling
Class Representative, in the interests of the Holders of the Controlling Class or, in the case of a Loan-Specific Controlling Class
Representative, the interests of the Holders of the Loan-Specific Controlling Class); (iii) a Directing Holder does not have any
liability or duties to the Holders of any Class of Certificates or Loan-Specific Certificates or the Uncertificated VRR Interest
Owner (other than, in the case of the Controlling Class Representative, the Controlling Class or, in the case of a Loan-Specific
Controlling Class Representative, the Loan-Specific Controlling Class); (iv) a Directing Holder may take actions that favor its own
interests (or in the case of the Controlling Class Representative, the interests of the Holders of the Controlling Class or, in the
case of a Loan-Specific Controlling Class Representative, the interests of the Holders of the Loan-Specific Controlling Class) over the
interests of the Holders of one or more other Classes of Certificates or Loan-Specific Certificates or the Uncertificated VRR Interest
Owner; and (v) a Directing Holder shall have no liability whatsoever (other than, in the case of the Controlling Class Representative,
to a Controlling Class Certificateholder and, in the case of a Loan-Specific Controlling Class Representative, to a Loan-Specific
Controlling Class Certificateholder) for having so acted as set forth in clauses (i)-(iv) of this paragraph, and that no
Certificateholder, Loan-Specific Certificateholder or the Uncertificated VRR Interest Owner may take any action whatsoever against any
Directing Holder or any affiliate, director, officer, employee, shareholder, member, partner, agent or principal thereof for having so
acted; provided, however, that the rights of a Directing Holder are subject to any related mezzanine intercreditor agreement.

(b)              
Notwithstanding anything to the contrary contained herein:

(i)                 after
the occurrence and during the continuance of a Control Termination Event, the Controlling Class Representative shall have no right
to consent to any action taken or not taken by any party to this Agreement;

(ii)              
after the occurrence and during the continuance of a Control Termination Event, but prior to the occurrence and continuance of
a Consultation Termination Event, the Controlling Class Representative shall remain entitled to

    	 	- 440 -	 

     

    

receive any notices, reports or information
to which it is entitled pursuant to this Agreement with respect to the applicable Serviced Loan(s) (other than any Excluded Mortgage Loan),
and the Master Servicer, Special Servicer and any other applicable party shall consult with the Controlling Class Representative
in connection with any action to be taken or refrained from taking with respect to the applicable Serviced Loan(s) (other than any Excluded
Mortgage Loan), but only to the extent consultation with, or consent of, the Controlling Class Representative would have been required
under such circumstances prior to the occurrence and continuance of such Control Termination Event; provided, however, that
the Controlling Class Representative shall not be permitted to consult with respect to any Serviced AB Whole Loan while any related
Subordinate Companion Loan Holder is the related Outside Controlling Note Holder;

(iii)            
after the occurrence and during the continuance of a Consultation Termination Event, the Controlling Class Representative
shall have no consultation or consent rights hereunder and no right to receive any notices, reports or information (other than notices,
reports or information required to be delivered to all Certificateholders) or any other rights as a Directing Holder or a Consulting Party;
provided that each Controlling Class Certificateholder shall maintain the right to exercise Voting Rights for the same purposes as
any other Certificateholder under this Agreement (other than with respect to Excluded Controlling Class Mortgage Loans); and

(iv)            
no Person may exercise any of the rights and powers of the Controlling Class Representative with respect to an Excluded Mortgage
Loan.

(c)                  Notwithstanding
anything to the contrary herein, neither the Master Servicer nor the Special Servicer shall take or refrain from taking any action pursuant
to instructions, directions, objections, advice or consultation from any applicable Directing Holder, any applicable Consulting Party
or a Serviced Companion Loan Holder (or its Companion Loan Holder Representative) that would cause any one of them to violate applicable
law, the terms of any Mortgage Loan or Serviced Whole Loan, the related Loan Documents, this Agreement, including the Servicing Standard,
the related Co-Lender Agreement, any related intercreditor agreement, or the REMIC Provisions or that would (i) expose any Certificateholder,
Loan-Specific Certificateholder, the Uncertificated VRR Interest Owner, the Trust Fund, any Mortgage Loan Seller (other than with respect
to enforcing the rights and remedies against such Mortgage Loan Seller pursuant to this Agreement or the related Mortgage Loan Purchase
Agreement with respect to any Material Defect) or any party to this Agreement or their respective Affiliates, officers, directors, employees
or agents to any claim, suit or liability, (ii) materially expand the scope of the Master Servicer’s or the Special Servicer’s
responsibilities under this Agreement or any Co-Lender Agreement, (iii) cause any Trust REMIC to fail to qualify as a REMIC or the
Grantor Trust to fail to qualify as a grantor trust for federal income tax purposes, or result in the imposition of a “prohibited
transaction” or “prohibited contribution” tax under the REMIC Provisions, or (iv) cause the Master Servicer
or the Special Servicer to act, or fail to act, in a manner that in the reasonable judgment of the Master Servicer or the Special

    	 	- 441 -	 

     

    

Servicer, as the case may be, is not
in the best interests of the Certificateholders, the Loan-Specific Certificateholders and/or the Serviced Companion Loan Holders.

(d)                 Each
Certificateholder and Certificate Owner of a Control Eligible Certificate or a Loan-Specific Control Eligible Certificate is hereby deemed
to have agreed by virtue of its purchase of such Certificate (or beneficial ownership interest in such Certificate) to provide its name
and address to the Certificate Administrator and to notify the Certificate Administrator, in writing, of the transfer of any Control
Eligible Certificate (or the beneficial ownership of any Control Eligible Certificate) or Loan-Specific Control Eligible Certificate
(or any beneficial ownership of any Loan-Specific Control Eligible Certificate), the selection of a Controlling Class Representative
or a Loan-Specific Controlling Class Representative or the resignation or removal of the Controlling Class Representative or a
Loan-Specific Controlling Class Representative, in each such case as applicable. Any such Certificateholder (or Certificate Owner) or
its designee at any time appointed Controlling Class Representative or Loan-Specific Controlling Class Representative, as applicable,
is hereby deemed to have agreed by virtue of its purchase of a Control Eligible Certificate (or the beneficial ownership interest in
a Control Eligible Certificate) or a Loan-Specific Control Eligible Certificate (or the beneficial ownership interest in a Loan-Specific
Control Eligible Certificate), as applicable, to notify the Certificate Administrator in writing when such Certificateholder (or Certificate
Owner) or designee is appointed Controlling Class Representative or Loan-Specific Controlling Class Representative, and when it
is removed or resigns. Upon receipt of any of the notices referred to in the preceding two sentences of this Section 6.09(d),
the Certificate Administrator shall promptly notify, in writing, the Special Servicer, the Master Servicer, the Operating Advisor, the
Asset Representations Reviewer and the Trustee of the identity of the Controlling Class Representative or the Loan-Specific Controlling
Class Representative, any resignation or removal of the Controlling Class Representative or the Loan-Specific Controlling Class
Representative and/or any new Holder or Certificate Owner of a Control Eligible Certificate or Loan-Specific Control Eligible Certificate,
in each such case as applicable. In addition, upon the request of the Master Servicer, the Special Servicer, the Operating Advisor, the
Asset Representations Reviewer or the Trustee, as applicable, the Certificate Administrator shall provide (on a reasonably prompt basis)
the identity of the then-current Controlling Class or Loan-Specific Controlling Class and a list of the related Certificateholders
(or Certificate Owners, if applicable, at the expense of the Trust if such expense arises in connection with an event as to which the
Controlling Class Representative or the Loan-Specific Controlling Class Representative or the Controlling Class or the Loan-Specific
Controlling Class has consent or consultation rights pursuant to this Agreement or in connection with a request made by the Operating
Advisor in connection with its obligation under Section 3.29(e) of this Agreement to deliver a copy of the Operating Advisor Annual
Report to the Controlling Class Representative and the Loan-Specific Controlling Class Representative and otherwise at the expense
of the requesting party) of the Controlling Class or the Loan-Specific Controlling Class to such requesting party, and each of the Master
Servicer, Special Servicer, Operating Advisor, the Asset Representations Reviewer and the Trustee shall be entitled to rely on the information
so provided by the Certificate Administrator.

    	 	- 442 -	 

     

    

In the event of a change
in the Controlling Class or the Loan-Specific Controlling Class, the Certificate Administrator shall promptly contact the current Holder(s)
(or, in the case of book-entry Certificates, Certificate Owners) of the Controlling Class or the Loan-Specific Controlling Class,
as applicable (or in each case any designee(s) thereof) or, if known to the Certificate Administrator, one of its affiliates or, if applicable,
any successor Controlling Class Representative, Loan-Specific Controlling Class Representative, Controlling Class Certificateholder(s)
or Loan-Specific Controlling Class Certificateholder(s), and determine whether any such entity is the Holder (or Certificate Owner) of
at least a majority of the Controlling Class or Loan-Specific Controlling Class, as applicable, (in each case, in effect after such change
in Controlling Class or Loan-Specific Controlling Class) by Certificate Balance. If at any time the current Holder of the Controlling
Class (or its designee) or the Loan-Specific Controlling Class (or its designee) or, if known to the Certificate Administrator, one
of its respective Affiliates, or any successor Controlling Class Representative or Loan-Specific Controlling Class Representative
or Controlling Class Certificateholder(s) or Loan-Specific Controlling Class Certificateholder(s) is no longer the Holder (or Certificate
Owner) of at least a majority of the Controlling Class or Loan-Specific Controlling Class, in each case  by Certificate Balance,
and the Certificate Administrator has neither (i) received notice of the then-current Controlling Class Certificateholders
or Loan-Specific Controlling Class Certificateholders, as applicable, of at least a majority of the Controlling Class or the Loan-Specific
Controlling Class, in each case by Certificate Balance nor (ii) received notice of a replacement Controlling Class Representative
or Loan-Specific Controlling Class Representative pursuant to this Agreement, then a Control Termination Event and a Consultation Termination
Event shall be deemed to have occurred with respect to the related Serviced Loans or Serviced Whole Loan and shall be deemed to continue
until such time as the Certificate Administrator receives any such notice in clauses (i) or (ii).

Upon receipt of notice of
a change in Controlling Class Representative, Loan-Specific Controlling Class Representative or any Risk Retention Consultation Party,
the Certificate Administrator shall promptly forward notice thereof to each other party to this Agreement.

On the Closing Date, each
of the initial Controlling Class Representative and Loan-Specific Controlling Class Representative shall deliver (which delivery
may be by electronic mail) a certification substantially in the form of Exhibit M-1H to this Agreement to the Certificate
Administrator (who shall promptly forward such certification to the Master Servicer, the Special Servicer, the Trustee and the Operating
Advisor). Upon the resignation or removal of the existing Controlling Class Representative or Loan-Specific Controlling Class Representative,
any successor Controlling Class Representative or Loan-Specific Controlling Class Representative shall also deliver a certification
substantially in the form of Exhibit M-1H to this Agreement to the Certificate Administrator (who shall promptly forward
such certification to the Master Servicer, the Special Servicer, the Trustee and the Operating Advisor) prior to being recognized as the
new Controlling Class Representative or Loan-Specific Controlling Class Representative, as applicable.

(e)                  Once
a Controlling Class Representative or Loan-Specific Controlling Class Representative has been selected, each of the Master Servicer,
the Special Servicer, the Operating Advisor, the Depositor, the Certificate Administrator, the Asset Representations Reviewer, the Trustee
and each other Certificateholder or Loan-Specific Certificateholder (or Certificate Owner, if applicable) and the Uncertificated
VRR Interest

    	 	- 443 -	 

     

    

Owner shall be entitled to rely on such
selection unless a majority of the Certificateholders of the Controlling Class or a majority of the Loan-Specific Certificateholders of
the Loan-Specific Controlling Class, as applicable, in each case by Certificate Balance, or such Controlling Class Representative
or Loan-Specific Controlling Class Representative shall have notified the Certificate Administrator, the Master Servicer and each other
Certificateholder of the Controlling Class or Loan-Specific Certificateholder of the Loan-Specific Controlling Class, as applicable, in
writing, of the resignation of such Controlling Class Representative or Loan-Specific Controlling Class Representative or the selection
of a new Controlling Class Representative or Loan-Specific Controlling Class Representative. Upon receipt of written notice of, or
other knowledge of, the resignation of a Controlling Class Representative or Loan-Specific Controlling Class Representative, the
Certificate Administrator shall request the Certificateholders of the Controlling Class or the Loan-Specific Controlling Class, as applicable,
 to select a new Controlling Class Representative or Loan-Specific Controlling Class Representative, as applicable.

(f)                   If
at any time a book-entry certificate belongs to the Controlling Class or the Loan-Specific Controlling Class, the Certificate Administrator
shall notify the related Certificate Owner or Certificate Owners (through the Depository, unless the Certificate Administrator shall
have been previously provided with the name and address of such Certificate Owner or Certificate Owners) of such event and shall request
that it be informed of any change in the identity of the related Certificate Owner from time to time.

(g)                 Until
it receives notice to the contrary, each of the Master Servicer, the Special Servicer, the Operating Advisor, the Depositor and the Trustee
and the Certificate Administrator shall be entitled to rely on the most recent notification with respect to the identity of (i) the Certificateholders
of the Controlling Class and the Controlling Class Representative and (ii) the Certificateholders of the Loan-Specific
Controlling Class and the Loan-Specific Controlling Class Representative.

(h)                 Notwithstanding
anything to the contrary contained herein, at any time when the Class F Certificates are the Controlling Class, the Holder of more than
50% of the Controlling Class (by Certificate Balance) may waive its right to act as or appoint a Controlling Class Representative and
to exercise any of the rights of the Controlling Class Representative or cause the exercise of any of the rights of the Controlling Class
Representative set forth in this Agreement, by irrevocable written notice delivered to the Depositor, Certificate Administrator, Trustee,
Master Servicer, Special Servicer and Operating Advisor (any such Holder or group of affiliated Holders that makes such an election,
the “Opting-Out Party”). Whenever such waiver by an Opting-Out Party is in effect, (1) a Control Termination
Event and a Consultation Termination Event shall be deemed to have occurred and be continuing; and (2) the rights of the holder of more
than 50% of the Class F Certificates (by Certificate Balance), if the Class F Certificates are the Controlling Class, to act as or appoint
a Controlling Class Representative and the rights of a Controlling Class Representative will not be operative (notwithstanding whether
a Control Termination Event or a Consultation Termination Event is or would otherwise then be in effect). Any such waiver shall remain
effective with respect to such Holder and such Class until such time as either (x) the Class F Certificates are no longer the Controlling
Class or (y) the Opting-Out Party has (i) sold a majority of the Class F Certificates (by

    	 	- 444 -	 

     

    

Certificate Balance) to an unaffiliated
third party and (ii) certified to the Depositor, Certificate Administrator, Trustee, Master Servicer, Special Servicer and Operating Advisor
that (a) the Opting-Out Party retains no direct or indirect Voting Rights with respect to the Class F Certificates that it transferred,
(b) there is no voting agreement between the Opting-Out Party and the transferee and (c) the Opting-Out Party retains no direct
or indirect economic interest in the Class F Certificates that it transferred (such sale and certification, a “Class F Transfer”).
Following any such Class F Transfer, and if the Class F Certificates are still the Controlling Class, the successor holder of more than
50% of the Controlling Class (by Certificate Balance) shall again have the right to act as or appoint a Controlling Class Representative
as set forth herein without regard to any prior waiver by the predecessor Certificateholder. Such successor Certificateholder shall also
have the right as provided in this Section 6.09(h) to irrevocably waive its right to act as or appoint a Controlling Class
Representative or, subject to any such limitations set forth in this Agreement (including by reason of a Control Termination Event or
a Consultation Termination Event otherwise existing), to exercise any of the rights of the Controlling Class Representative or to cause
the exercise of any of the rights of the Controlling Class Representative as set forth in this Agreement. No successor Certificateholder
described above in this paragraph shall have any consent rights with respect to any Serviced Mortgage Loan that became a Specially Serviced
Loan prior to the Class F Transfer and had not also become a Corrected Loan prior to such Class F Transfer until such Serviced Mortgage
Loan becomes a Corrected Loan.

(i)                
CREFI and GSMC shall be the initial Risk Retention Consultation Parties and shall, in each case, remain so until a successor is
appointed pursuant to the terms of this Agreement. Upon the resignation or removal of any existing Risk Retention Consultation Party,
any successor Risk Retention Consultation Party shall deliver to the parties to this Agreement a certification substantially in the form
of Exhibit M-1I to this Agreement prior to being recognized as a new Risk Retention Consultation Party. The parties hereto
shall be entitled to assume that a Risk Retention Consultation Party has not changed absent such notice.

(j)                   Once
a Risk Retention Consultation Party has been selected, each of the Master Servicer, the Special Servicer, the Depositor, the Trustee,
the Certificate Administrator, the Operating Advisor and each other Certificateholder (or Certificate Owner, if applicable) shall be
entitled to rely on such selection unless CREFI (in the case of the VRR1 Risk Retention Consultation Party) or GS Bank (in the case of
the VRR2 Risk Retention Consultation Party), as applicable, or such Risk Retention Consultation Party itself shall have notified the
Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and each other Holder of Class VRR
Certificates, in writing, of the selection of a new Risk Retention Consultation Party (along with contact information for such new Risk
Retention Consultation Party).

(k)               
In the event that no VRR1 Risk Retention Consultation Party or VRR2 Risk Retention Consultation Party, as applicable, has been
appointed or identified to the Master Servicer or the Special Servicer, as applicable, and the Master Servicer or the Special Servicer,
as applicable, has attempted to obtain such information from the Certificate Administrator and no such entity has been identified (along
with contact information) to

    	 	- 445 -	 

     

    

the Master Servicer or the Special Servicer,
as applicable, then until such time as the related new Risk Retention Consultation Party is identified, the Master Servicer or the Special
Servicer, as applicable, shall have no duty to consult with, or provide notice to, any such Risk Retention Consultation Party as the case
may be.

(l)                   The
Uncertificated VRR Interest Owner and, by its acceptance of a Certificate, each Certificateholder acknowledges and agrees that: (i) each
Risk Retention Consultation Party may have special relationships and interests that conflict with those of Holders of one or more Classes
of Certificates or the Uncertificated VRR Interest; (ii) each Risk Retention Consultation Party may act solely in the interests of the
Holders of the Class VRR Certificates or the Uncertificated VRR Interest Owner, and does not have any liability or duties to the
Holders of any other Class of Certificates; (iii) each Risk Retention Consultation Party may take actions that favor interests
of the Uncertificated VRR Interest Owner or the Holders of one or more Classes, including the Class VRR Certificates, over the
interests of the Holders of one or more other Classes of Certificates; and (iv) each Risk Retention Consultation Party shall have no
liability whatsoever for having so acted as set forth in clauses (i) through (iii) above, and no Certificateholder or Uncertificated
VRR Interest Owner may take any action whatsoever against any Risk Retention Consultation Party or any director, officer, employee, agent
or principal of such Risk Retention Consultation Party for having so acted.

Article
VII

DEFAULT

Section 7.01          
Servicer Termination Events.

(a)              
“Servicer Termination Event,” wherever used herein, means any one of the following events:

(i)                 
(A) any failure by the Master Servicer to make any deposit or payment required to be made by the Master Servicer to the Collection
Account or Whole Loan Custodial Account or to any Serviced Companion Loan Holder on the day and by the time such deposit or remittance
is required to be made under the terms of this Agreement, which failure is not remedied within one (1) Business Day or (B) any failure
by the Master Servicer to deposit into, or remit to the Certificate Administrator for deposit into, the Distribution Account or the Excess
Interest Distribution Account any amount required to be so deposited or remitted, which failure is not remedied by 11:00 a.m. (New
York City time) on the relevant Distribution Date; or

(ii)             
any failure by the Special Servicer to deposit into any REO Account, within two (2) Business Days after such deposit is required
to be made or to remit to the Master Servicer for deposit into the Collection Account or the Whole Loan Custodial Account, as applicable,
any amount required to be so deposited or remitted by the Special Servicer pursuant to, and within one (1) Business Day after the time
specified by, the terms of this Agreement; or

    	 	- 446 -	 

     

    

(iii)               
 any failure on the part of the Master Servicer or the Special Servicer, as applicable, duly to observe or perform in any material
respect any of its other covenants or obligations contained in this Agreement which continues unremedied for a period of 30 days
(10 days in the case of the Master Servicer’s failure to make a Property Advance or 20 days in the case of a failure to
pay the premium for any insurance policy required to be maintained under this Agreement or such shorter period (not less than two (2)
Business Days) as may be required to avoid the commencement of foreclosure proceedings for unpaid real estate taxes or the lapse of insurance,
as applicable) after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the
Master Servicer or the Special Servicer, as the case may be, by any other party hereto, or to the Master Servicer or the Special Servicer,
as the case may be, with a copy to each other party to this Agreement, by the Holders of Certificates of any Class evidencing, as
to such Class, not less than 25% of the Voting Rights allocable thereto, or, if affected thereby, by a Serviced Companion Loan Holder;
provided, however, if any such failure with a 30-day cure period is capable of being cured and the Master Servicer or
Special Servicer, as applicable, is diligently pursuing such cure, such 30-day period will be extended an additional 60 days
(provided that the Master Servicer, or Special Servicer, as applicable, has commenced to cure such failure within the initial 30-day
period and has certified that it has diligently pursued, and is continuing to pursue, a full cure); or

(iv)             
any breach on the part of the Master Servicer or the Special Servicer of any representation or warranty contained in this Agreement,
which materially and adversely affects the interests of any Class of Certificateholders, the Uncertificated VRR Interest Owner or
any Serviced Companion Loan Holder and which continues unremedied for a period of 30 days after the date on which notice of such
breach, requiring the same to be remedied, has been given to the Master Servicer or the Special Servicer, as the case may be, by the Depositor,
the Certificate Administrator or the Trustee, or to the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator
and the Trustee by the Holders of Certificates entitled to not less than 25% of the Voting Rights or, if affected thereby, by a Serviced
Companion Loan Holder; provided, however, if such breach is capable of being cured and the Master Servicer or the Special
Servicer, as applicable, is diligently pursuing such cure, such 30-day period will be extended an additional 60 days (provided
that the Master Servicer, or Special Servicer, as applicable, has commenced to cure such failure within the initial 30-day period
and has certified that it has diligently pursued, and is continuing to pursue, a full cure); or

(v)              
a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator, receiver, liquidator,
trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings,
or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer or the Special Servicer,
as applicable, and such

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decree or order shall have remained in
force undischarged, undismissed or unstayed for a period of 60 days; or

(vi)             
the Master Servicer or the Special Servicer, as applicable, shall consent to the appointment of a conservator, receiver, liquidator,
trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings
of or relating to the Master Servicer or the Special Servicer or of or relating to all or substantially all of its property; or

(vii)            
the Master Servicer or the Special Servicer, as applicable, shall admit in writing its inability to pay its debts generally as
they become due, file a petition to take advantage of any applicable bankruptcy, insolvency or reorganization statute, make an assignment
for the benefit of its creditors, voluntarily suspend payment of its obligations or take any corporate action in furtherance of the foregoing;
or

(viii)       
    either of Moody’s or KBRA (or, in the case of Serviced Companion Loan Securities, any Companion Loan Rating Agency) has (A) qualified,
downgraded or withdrawn its rating or ratings of one or more Classes of Certificates or one or more classes of Serviced Companion Loan
Securities, or (B) placed one or more Classes of Certificates or one or more classes of Serviced Companion Loan Securities on “watch
status” in contemplation of a rating downgrade or withdrawal and, in the case of either of clauses (A) or (B), publicly citing
servicing concerns with the Master Servicer or the Special Servicer, as applicable, as the sole or material factor in such rating action
(and such qualification, downgrade, withdrawal or “watch status” placement has not been withdrawn by such Rating Agency (or,
in the case of Serviced Companion Loan Securities, any Companion Loan Rating Agency), within 60 days of such event);

(ix)            
with respect to the Master Servicer, the Master Servicer ceases to have a commercial master servicer rating of at least “CMS3”
from Fitch and that rating is not reinstated within 60 days or, with respect to the Special Servicer, the Special Servicer ceases
to have a commercial special servicer rating of at least “CSS3” from Fitch and that rating is not reinstated within 60 days,
as the case may be;

(x)              
(A) the Master Servicer or the Special Servicer, as applicable, has failed to maintain a rating by DBRS Morningstar equal to or
higher than “MOR CS3” as a master servicer or a special servicer, as applicable, and such rating is not reinstated within
60 days of such event (if the Master Servicer or the Special Servicer, as applicable, has or had a DBRS Morningstar rating on or after
the Closing Date) or (B) if the Master Servicer or the Special Servicer, as applicable, has not been rated by DBRS Morningstar on or after
the Closing Date, and DBRS Morningstar has qualified, downgraded or withdrawn the then-current rating or ratings of one or more Classes
of the Yorkshire & Lexington Towers Loan-Specific Certificates or placed one or more Classes of the Yorkshire & Lexington Towers
Loan-Specific Certificates on “watch status” in contemplation of a rating

    	 	- 448 -	 

     

    

downgrade or withdrawal, publicly citing
servicing concerns with the Master Servicer or the Special Servicer, as applicable, as the sole or material factor in such rating action
(and such qualification, downgrade, withdrawal or “watch status” placement has not been withdrawn by DBRS Morningstar within
60 days of such event); or

(xi)            
the Master Servicer or the Special Servicer, as applicable, or any primary servicer or Sub-Servicer appointed by the Master
Servicer or the Special Servicer, as applicable, after the Closing Date (but excluding any Sub-Servicer set forth on Exhibit S),
shall (A) for so long as the Trust is subject to the reporting requirements of Regulation AB or the Exchange Act, fail to deliver the
items required to be delivered by this Agreement after any applicable notice and cure period to enable the Certificate Administrator or
Depositor to comply with the reporting obligations of the Trust under the Exchange Act or (B) for so long as any Other Securitization
Trust is subject to the reporting requirements of Regulation AB or the Exchange Act, fail to deliver any Exchange Act reporting items
required to be delivered by such servicer to the related Other Depositor or related Other Exchange Act Reporting Party pursuant to Article X
of this Agreement, in the case of each of clauses (A) and (B), within (a) with respect to the delivery of any item relating to a
Reportable Event, two (2) Business Days of such failure to comply with Article X or (b) with respect to the delivery of any other
item, five (5) Business Days of such failure to comply with Article X (any primary servicer or Sub-Servicer that defaults in
accordance with this Section 7.01(a)(xi) shall be terminated at the direction of the Depositor).

If a Servicer Termination
Event with respect to the Master Servicer or the Special Servicer shall occur and be continuing, then, and in each and every such case,
so long as such Servicer Termination Event shall not have been remedied, either (i) the Trustee may or (ii) upon the written
direction to the Trustee from (x) the Holders of Certificates evidencing at least 25% of the Pooled Voting Rights of all Certificates
(or, if the Servicer Termination Event is with respect to the Special Servicer for any Trust Subordinate Companion Loan, 25% of the Voting
Rights of all Certificates and related Loan-Specific Certificates) or (y) an affected Serviced Companion Loan Holder (but, subject to
the next sentence, solely in the case of the related Serviced Whole Loan and a Servicer Termination Event with respect to the Special
Servicer), then the Trustee shall, terminate the Master Servicer or the Special Servicer, as applicable. Notwithstanding anything to the
contrary, it shall not be a Servicer Termination Event with respect to the pool of Trust Loans under clauses (i), (ii), (iii), (iv),
(viii), (ix) or (x) above if the failure, default or event only has an adverse effect on a Serviced Companion Loan, a Serviced Companion
Loan Holder or a rating on any Serviced Companion Loan Securities (including any related Loan-Specific Certificates), but shall be a Servicer
Termination Event with respect to the related Serviced Companion Loan and: (1) in the case of any such failure, default or event
on the part of the Master Servicer, the related Serviced Companion Loan Holder or the requisite Loan-Specific Certificateholders shall
have the remedies set forth in Section 7.01(d) with respect to the Servicer Termination Event with respect to the related
Serviced Companion Loan; and (2) in the case of any such failure, default or event on the part of the Special Servicer, the related Serviced
Companion Loan Holder (or, if the Servicer Termination Event is with respect to the Special Servicer for any Trust Subordinate Companion
Loan, the Holders of related Loan-Specific

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Certificates evidencing at least 25% of the
Voting Rights of all related Loan-Specific Certificateholders) will be entitled to require termination of the Special Servicer with respect
to, but only with respect to, the related Serviced Whole Loan.

In the event that the Master
Servicer is also the Special Servicer and the Master Servicer is terminated as provided in this Section 7.01, the Master Servicer
shall also be terminated as Special Servicer.

(b)              
If the Master Servicer receives notice of termination under Section 7.01(c) solely due to a Servicer Termination Event
under Section 7.01(a)(viii), Section 7.01(a)(ix) or Section 7.01(a)(x) and if the Master Servicer to be
terminated pursuant to Section 7.01(c) provides the Trustee with the appropriate “request for proposal” materials
within five (5) Business Days following such termination notice, then the Master Servicer shall continue to service as Master Servicer
hereunder until a successor Master Servicer is selected in accordance with this Section 7.01(b). Upon receipt of the “request
for proposal” materials, Trustee shall promptly thereafter (using such “request for proposal” materials provided by
the Master Servicer pursuant to Section 7.01(c)) solicit good faith bids for the rights to service the Mortgage Loans
and the Serviced Whole Loans under this Agreement from at least three (3) Persons qualified to act as a successor Master Servicer
hereunder in accordance with Section 6.04 (any such Person so qualified, a “Qualified Bidder”) or,
if three (3) Qualified Bidders cannot be located, then from as many persons as the Trustee can determine are Qualified Bidders; provided
that, the Master Servicer shall supply the Trustee with the names of Persons from whom to solicit such bids; and provided, further,
that the Trustee shall not be responsible if less than three (3) or no Qualified Bidders submit bids for the right to service the
Mortgage Loans and Serviced Whole Loans under this Agreement. The bid proposal shall require any Successful Bidder (as defined below),
as a condition of such bid, to enter into this Agreement as successor Master Servicer, and to agree to be bound by the terms hereof, within
45 days after the notice of termination of the Master Servicer. The Trustee shall select the Qualified Bidder with the highest cash
bid (the “Successful Bidder”) to act as successor Master Servicer hereunder; provided, however,
that if the Trustee does not receive a Rating Agency Confirmation from each Rating Agency within 10 days after the selection of such
Successful Bidder, then the Trustee shall repeat the bid process described above (but subject to the above-described 45-day time
period) until such confirmation is obtained. The Trustee shall request the Successful Bidder to enter into this Agreement as successor
Master Servicer pursuant to the terms hereof no later than 45 days after notice of the termination of the Master Servicer.

Upon the assignment and acceptance
of master servicing rights hereunder (subject to the terms of Section 3.12 of this Agreement) to and by the Successful Bidder,
the Trustee shall remit or cause to be remitted to the Master Servicer to be terminated pursuant to Section 7.01(c) of this
Agreement, the amount of such cash bid received from the Successful Bidder (net of “out-of-pocket” expenses incurred
in connection with obtaining such bid and transferring servicing).

The Master Servicer to be
terminated pursuant to Section 7.01(c) of this Agreement shall be responsible for all out-of-pocket expenses
incurred in connection with the attempt to sell its rights to service the Mortgage Loans and the Serviced Whole Loans, which

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expenses are not reimbursed to the party that
incurred such expenses pursuant to the preceding paragraph.

If the Successful Bidder
has not entered into this Agreement as successor Master Servicer within the above-described time period or no Successful Bidder was
identified within the above-described time period, the Master Servicer to be terminated pursuant to Section 7.01(c) shall
reimburse the Trustee for all reasonable “out-of-pocket” expenses incurred by the Trustee in connection with such
bid process and the Trustee shall have no further obligations under this Section 7.01(b). The Trustee thereafter may act or
may select a successor to act as Master Servicer hereunder in accordance with Section 7.02.

(c)              
In the event that the Master Servicer or the Special Servicer is terminated pursuant to this Section 7.01, the Trustee
shall, by notice in writing to the Master Servicer or the Special Servicer, as the case may be (the “Terminated Party”),
terminate all of its rights and obligations under this Agreement and in and to the Mortgage Loans and Serviced Whole Loans and the proceeds
thereof, other than any rights the Master Servicer or Special Servicer may have hereunder as a Certificateholder and any rights or obligations
that accrued prior to the date of such termination or that survive such termination (including the right to receive all amounts accrued
or owing to it under this Agreement, plus interest at the Advance Rate on such amounts until received to the extent such amounts bear
interest as provided in this Agreement, with respect to periods prior to the date of such termination and the right to the benefits of
Section 6.03 and subsection (b) above notwithstanding any such termination). On or after the receipt by the Terminated
Party of such written notice, all of its authority and power under this Agreement, whether with respect to the Certificates (except that
the Terminated Party shall retain its rights as a Certificateholder in the event and to the extent that it is a Certificateholder) or
the Mortgage Loans and Serviced Whole Loans or otherwise, shall pass to and be vested in the Trustee pursuant to and under this Section and,
without limitation, the Trustee is hereby authorized and empowered to execute and deliver, on behalf of and at the expense of the Terminated
Party, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or
things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement
or assignment of the Mortgage Loans and Serviced Whole Loans and related documents, or otherwise. The Master Servicer and the Special
Servicer each agrees that, in the event it is terminated pursuant to this Section 7.01, to promptly (and in any event no later
than ten Business Days subsequent to such notice) provide, at its own expense, the Trustee (or the successor Master Servicer selected
by the Trustee pursuant to Section 7.01(b) of this Agreement or the successor Master Servicer or Special Servicer, as applicable,
otherwise appointed pursuant to Section 7.02 of this Agreement) with all documents and records requested by the Trustee (or
the successor Master Servicer selected by the Trustee pursuant to Section 7.01(b) of this Agreement or the successor Master
Servicer or Special Servicer, as applicable, otherwise appointed pursuant to Section 7.02 of this Agreement) to enable the
Trustee or other successor to its responsibilities hereunder to assume its functions hereunder, and to cooperate with the Trustee and
the successor to its responsibilities hereunder in effecting the termination and transfer of its responsibilities and rights hereunder,
including, without limitation, the transfer to the successor Master Servicer or successor Special Servicer or the Trustee, as applicable,
for administration by it of all cash amounts which shall at the

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time be or should have been credited
by the Master Servicer or the Special Servicer to the Collection Account, any Whole Loan Custodial Account, any REO Account or Lock-Box
Account shall thereafter be received with respect to the Mortgage Loans and Serviced Whole Loans, and shall promptly provide the Trustee
or such successor Master Servicer or Special Servicer (which may include the Trustee), as applicable, all documents and records reasonably
requested by it, such documents and records to be provided in such form as the Trustee or such successor Master Servicer or Special Servicer
shall reasonably request (including electromagnetic form), to enable it to assume the Master Servicer’s or Special Servicer’s
function hereunder. All reasonable costs and expenses actually incurred by the Trustee, the Certificate Administrator or the successor
Master Servicer or successor Special Servicer in connection with transferring Mortgage Files, Servicing Files and related information,
records and reports to the successor Master Servicer or Special Servicer and amending this Agreement to reflect (as well as providing
appropriate notices to Mortgagors, ground lessors, insurers and other applicable third parties regarding) such succession as successor
Master Servicer or successor Special Servicer pursuant to this Section 7.01 shall be paid by the predecessor Master Servicer
or the Special Servicer, as applicable, upon presentation of reasonable documentation of such costs and expenses. If the predecessor Master
Servicer or Special Servicer (as the case may be) has not reimbursed the Trustee, the Certificate Administrator or the successor
Master Servicer or Special Servicer for such expenses within 90 days after the presentation of reasonable documentation, such expense
shall be reimbursed by the Trust Fund; provided that the Terminated Party shall not thereby be relieved of its liability for such
expenses.

(d)              
Notwithstanding Section 7.01(a) and Section 7.01(c), if (1) any Servicer Termination Event on the part
of the Master Servicer affects a Serviced Companion Loan, the related Serviced Companion Loan Holder or the rating on a class of the related
Serviced Companion Loan Securities (including any related Loan-Specific Certificates) and the Master Servicer is not otherwise terminated
in accordance with Section 7.01(a) and Section 7.01(c), or (2) a Servicer Termination Event on the part of the
Master Servicer occurs that affects only a Serviced Companion Loan, the related Serviced Companion Loan Holder or the rating on a class
of the related Serviced Companion Loan Securities (including any related Loan-Specific Certificates), then the Master Servicer may not
be terminated by or at the direction of the related Serviced Companion Loan Holder or the Holders of any Certificates or Loan-Specific
Certificates in accordance with Section 7.01(a), but, upon the written direction of the related Serviced Companion Loan Holder
or of Holders of Loan-Specific Certificates evidencing at least 25% of the Voting Rights of all Loan-Specific Certificateholders, the
Master Servicer shall appoint, within 30 days of such direction, a sub-servicer (or, if the related Serviced Whole Loan is currently
being sub-serviced, to replace, within 30 days of such direction, the then current sub-servicer with a new sub-servicer).
In connection with the Master Servicer’s appointment of any sub-servicer at the direction of a Serviced Companion Loan Holder
or the requisite Holders of Loan-Specific Certificates in accordance with this Section 7.01(d), the Master Servicer shall
obtain a Rating Agency Confirmation from each Rating Agency. The related sub-servicing agreement shall provide that any sub-servicer
appointed by the Master Servicer at the direction of a Serviced Companion Loan Holder or the requisite Holders of Loan-Specific Certificates
in accordance with this Section 7.01(d) shall be responsible for all duties of the Master Servicer under this Agreement with
respect to the

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related Serviced Whole Loan. Such sub-servicing
agreement (a) may be terminated without cause and without payment of any fee and (b) shall also provide that such sub-servicer shall
agree to become the master servicer under a separate servicing agreement for the applicable Serviced Whole Loan in the event that such
Serviced Whole Loan is no longer to be serviced and administered hereunder, which separate servicing agreement shall contain servicing
and administration, limitation of liability, indemnification and servicing compensation provisions substantially similar to the corresponding
provisions of this Agreement, except for the fact that the applicable Serviced Whole Loan and the related Mortgaged Properties shall be
the sole assets serviced and administered thereunder and the sole source of funds thereunder. If any sub-servicer appointed by the
Master Servicer at the direction of a Serviced Companion Loan Holder or the requisite Holders of Loan-Specific Certificates in accordance
with this Section 7.01(d) shall at any time resign or be terminated, the Master Servicer shall be required to promptly appoint
a substitute sub-servicer and obtain a Rating Agency Confirmation. In the event a successor Master Servicer is acting hereunder and
that successor Master Servicer desires to terminate the sub-servicer appointed under this Section 7.01(d), the terminated
Master Servicer that was responsible for the Servicer Termination Event that led to the appointment of such sub-servicer shall be
responsible for all costs incurred in connection with such termination, including the payment of any termination fee.

(e)              
If the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer has received written notice (which,
for the purposes of this clause (e), shall include any publications by Fitch, Moody’s, KBRA or DBRS Morningstar of which the
Trustee, the Certificate Administrator or any Servicing Officer of the Master Servicer, as the case may be, has actual knowledge) from
Fitch, Moody’s, KBRA or DBRS Morningstar that the Master Servicer or the Special Servicer no longer is an approved master servicer
or approved special servicer, as applicable, then such party shall promptly notify the others, and the Certificate Administrator shall
notify the related Serviced Companion Loan Holder, to the extent known to the Certificate Administrator, of the same.

Section 7.02           
Trustee to Act; Appointment of Successor. On and after the time the Master Servicer or the Special Servicer receives a notice
of termination pursuant to Section 7.01, the Trustee shall, subject to the following provisions of this Section 7.02,
be its successor in all respects in its capacity as Master Servicer or Special Servicer under this Agreement and the transactions set
forth or provided for herein and, except as provided herein, shall be subject to all the responsibilities, duties, limitations on liability
and liabilities relating thereto and arising thereafter placed on the Master Servicer or Special Servicer by the terms and provisions
hereof; provided, however, that (i) the Trustee shall have no responsibilities, duties, liabilities or obligations
with respect to any act or omission of the Master Servicer or Special Servicer and (ii) any failure to perform, or delay in performing,
such duties or responsibilities caused by the Terminated Party’s failure to provide, or delay in providing, records, tapes, disks,
information or moneys shall not be considered a default by such successor hereunder. The Trustee, as successor Master Servicer or successor
Special Servicer, shall be indemnified to the full extent provided the Master Servicer or Special Servicer, as applicable, under this
Agreement prior to the Master Servicer’s or the Special Servicer’s termination. The appointment of a successor Master Servicer
or successor Special Servicer shall not affect any liability of the predecessor Master Servicer or Special Servicer which may have arisen
prior to its termination as Master Servicer or Special

    	 	- 453 -	 

     

    

Servicer. The Trustee shall not be liable for
any of the representations, liabilities or warranties of the Master Servicer or Special Servicer herein or in any related document or
agreement, for any acts or omissions of the predecessor Master Servicer or predecessor Special Servicer or for any losses incurred in
respect of any Permitted Investment by the Master Servicer pursuant to Section 3.07 of this Agreement nor shall the Trustee
be required to purchase any Mortgage Loan or Serviced Whole Loan hereunder. As compensation therefor, the Trustee as successor Master
Servicer or successor Special Servicer shall be entitled to the Servicing Fee or Special Servicing Compensation, as applicable, and all
funds relating to the Mortgage Loans and Serviced Companion Loans that accrue after the date of the Trustee’s succession to which
the Master Servicer or Special Servicer would have been entitled if the Master Servicer or Special Servicer, as applicable, had continued
to act hereunder. In the event any Advances made by the Master Servicer and the Trustee shall at any time be outstanding, or any amounts
of interest thereon shall be accrued and unpaid, all amounts available to repay Advances and interest hereunder shall be applied entirely
to the Advances made by the Trustee (and the accrued and unpaid interest thereon), until such Advances and interest shall have been repaid
in full. Notwithstanding the above and subject to Section 6.08, the Trustee may, if it shall be unwilling to so act, or shall,
if it is unable to so act, or if the Holders of Certificates entitled to at least 25% of the Voting Rights so request in writing to the
Trustee, or if the Rating Agencies do not provide Rating Agency Confirmations with respect to the Trustee so acting, promptly appoint,
or petition a court of competent jurisdiction to appoint, any established mortgage loan servicing institution for which a Rating Agency
Confirmation from each Rating Agency has been obtained (at the expense of the terminated Master Servicer or Special Servicer, as applicable,
or, if the expense is not so recovered, at the expense of the Trust Fund), as the successor to the Master Servicer or the Special Servicer,
as applicable, hereunder in the assumption of all or any part of the responsibilities, duties or liabilities of the Master Servicer or
Special Servicer hereunder; provided that, the applicable Directing Holder shall have the right to approve any successor Special
Servicer with respect to any Serviced Loan or Serviced Whole Loan. No appointment of a successor to the Master Servicer or Special Servicer
hereunder shall be effective until (i) the assumption by such successor of all the Master Servicer’s or Special Servicer’s
responsibilities, duties and liabilities hereunder and (ii) in the case of the appointment of a successor Special Servicer, the Depositor
and, if applicable, each related Other Depositor shall have received the written notice and information with respect to such successor
Special Servicer as set forth in Section 10.02(a). Pending appointment of a successor to the Master Servicer (or the Special
Servicer if the Special Servicer is also the Master Servicer) hereunder, unless the Trustee shall be prohibited by law from so acting,
the Trustee shall act in such capacity as herein above provided. Pending the appointment of a successor to the Special Servicer, unless
the Master Servicer is also the Special Servicer, the Master Servicer shall act in such capacity. In connection with such appointment
and assumption described herein, the Trustee may make such arrangements for the compensation of such successor out of payments on Mortgage
Loans and Serviced Companion Loans as it and such successor shall agree; provided, however, that no such compensation shall
be in excess of that permitted the Terminated Party hereunder; provided, further, that if no successor to the Terminated
Party can be obtained to perform the obligations of such Terminated Party hereunder, additional amounts shall be paid to such successor
and such amounts in excess of that permitted the Terminated Party shall be treated as Realized Losses; and provided, further
that, the Trustee shall consult with any applicable Directing Holder and Consulting Party prior to the appointment of a successor to the
Terminated Party with respect to any Serviced Loan or Serviced Whole Loan at a servicing compensation in excess of that permitted the
Terminated Party. The

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Depositor, the Trustee, the Master Servicer
or Special Servicer and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any
such succession.

If the Trustee or an Affiliate
acts pursuant to this Section 7.02 as successor to the terminated Master Servicer, it may reduce the Excess Servicing Fee Rate
to the extent that the Trustee’s or such Affiliate’s compensation as successor Master Servicer would otherwise be below the
market rate servicing compensation. If the Trustee elects to appoint a successor to the terminated Master Servicer other than itself or
an Affiliate pursuant to this Section 7.02, it may reduce the Excess Servicing Fee Rate to the extent reasonably necessary (in
the sole discretion of the Trustee) for the Trustee to appoint a qualified successor Master Servicer that meets the requirements of this
Section 7.02.

Section 7.03           
Notification to Certificateholders.

(a)              
Upon any termination pursuant to Section 7.01 above or appointment of a successor to the Master Servicer or the Special
Servicer, the Certificate Administrator shall give prompt written notice thereof to Certificateholders at their respective addresses appearing
in the Certificate Register, to the Uncertificated VRR Interest Owner, to the Serviced Companion Loan Holders, and electronically, for
posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, to the
Rule 17g-5 Information Provider.

(b)                Within
30 days after the occurrence of any Servicer Termination Event or Operating Advisor Termination Event of which a Responsible Officer
of the Certificate Administrator has actual knowledge, the Certificate Administrator shall transmit by mail to all Holders of Certificates,
the Uncertificated VRR Interest Owner and any affected Serviced Companion Loan Holder (to the extent the Certificate Administrator has
received the notice information for such Serviced Companion Loan Holder after a request therefor) and electronically, for posting to
the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, to the Rule 17g-5
Information Provider notice of such Servicer Termination Event or Operating Advisor Termination Event, unless such Servicer Termination
Event or Operating Advisor Termination Event shall have been cured or waived.

Section 7.04          
Other Remedies of Trustee. During the continuance of any Servicer Termination Event, so long as such Servicer Termination
Event shall not have been remedied, the Trustee, in addition to the rights specified in Section 7.01, shall have the right,
in its own name as trustee of an express trust, to take all actions now or hereafter existing at law, in equity or by statute to enforce
its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Certificateholders, the Uncertificated
VRR Interest Owner and the Serviced Companion Loan Holders (including the institution and prosecution of all judicial, administrative
and other proceedings and the filing of proofs of claim and debt in connection therewith). In such event, the legal fees, expenses and
costs of such action and any liability resulting therefrom shall be expenses, costs and liabilities of the defaulting Master Servicer
or Special Servicer, as applicable. If the Master Servicer or Special Servicer, as applicable, fails to remedy, after the presentation
of reasonable documentation, the Trustee shall be entitled to be reimbursed for such expenses, costs and liability from the Collection
Account or the Whole Loan Custodial Account, as applicable, as

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provided in Section 3.06 and Section 3.06A
of this Agreement; provided that the Master Servicer or the Special Servicer, as applicable, shall not be relieved of such liability
for such expenses, costs and liabilities. Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement
shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay
or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Servicer Termination
Event of the Master Servicer or the Special Servicer.

Section 7.05          
Waiver of Past Servicer Termination Events and Operating Advisor Termination Events; Termination. The Holders of Certificates
evidencing not less than 66-2/3% of the Voting Rights of all Certificates (or, if the Servicer Termination Event is with respect to
the Special Servicer for any Trust Subordinate Companion Loan, of all Certificates and related Loan-Specific Certificates) (and, if such
Servicer Termination Event is on the part of a Special Servicer with respect to any Serviced Whole Loan with a Companion Loan held outside
the Trust (including, if applicable, a Trust Subordinate Companion Whole Loan), each affected Serviced Companion Loan Holder) may, on
behalf of all Holders of Certificates, waive any Servicer Termination Event on the part of the Master Servicer, Special Servicer or any
Operating Advisor Termination Event on the part of the Operating Advisor in the performance of its obligations hereunder and its consequences,
except a Servicer Termination Event in connection with making any required deposits (including, with respect to the Master Servicer, P&I
Advances) to or payments from the Collection Account, a Whole Loan Custodial Account or the Lower-Tier REMIC Distribution Account
or in remitting payments as received, in each case in accordance with this Agreement. Upon any such waiver of a past default, such default
shall cease to exist, and any Servicer Termination Event or Operating Advisor Termination Event arising therefrom shall be deemed to have
been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right
consequent thereon. Any costs and expenses incurred by the Certificate Administrator in connection with such default and prior to such
waiver shall be reimbursed by the Master Servicer, the Special Servicer or the Operating Advisor, as applicable, promptly upon demand
therefor and if not reimbursed to the Certificate Administrator within 90 days of such demand, from the Trust Fund; provided
that the Trust Fund shall be reimbursed by the Master Servicer, the Special Servicer or the Operating Advisor, as applicable, to the extent
such amounts are reimbursed to the Certificate Administrator from the Trust Fund. Notwithstanding the foregoing, (a) a Servicer Termination
Event under any of Section 7.01(a)(i) and Section 7.01(a)(ii) of this Agreement may be waived only by all of the
Certificateholders of the affected Classes, and (b) a Servicer Termination Event under Section 7.01(a)(xi) of this Agreement
may be waived only with the consent of the Depositor, together with (in the case of each of clauses (a) and (b) of this sentence)
the consent of each Serviced Companion Loan Holder, if any, that is affected by such Servicer Termination Event.

The foregoing paragraph notwithstanding,
if the Holders representing at least the requisite percentage of the Voting Rights allocated to each affected Class of Certificates
desire to waive a Servicer Termination Event by the Master Servicer, but a Serviced Companion Loan Holder related to a Serviced Whole
Loan (if adversely affected thereby) does not wish to waive that Servicer Termination Event, then those Certificateholders may still waive
that Servicer Termination Event, and the applicable Serviced Companion Loan Holder will be entitled to require that the Master Servicer
appoint, within 60 days of the applicable Serviced Companion Loan Holder’s request, a sub-servicer (or, if the applicable
Serviced Whole Loan is currently being

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subserviced, to replace, within 60 days
of the applicable Serviced Companion Loan Holder’s request, the then current sub-servicer with a new sub-servicer) with
respect to the applicable Serviced Whole Loan. In connection with the Master Servicer’s appointment of a sub-servicer at the
request of a Serviced Companion Loan Holder in accordance with this Section 7.05, the Master Servicer shall obtain a Rating
Agency Confirmation from each Rating Agency at the expense of the Serviced Companion Loan Holder. The related sub-servicing agreement
shall provide that any sub-servicer appointed by the Master Servicer at the request of a Serviced Companion Loan Holder in accordance
with this Section 7.05 shall be responsible for all duties of the Master Servicer under this Agreement with respect to the
applicable Serviced Whole Loan. Such Sub-Servicing Agreement (a) may be terminated without cause and without the payment of any
fee and (b) shall also provide that such sub-servicer shall become the master servicer under a separate servicing agreement for
the applicable Serviced Whole Loan in the event that the Serviced Whole Loan is no longer to be serviced and administered hereunder, which
separate servicing agreement shall contain servicing and administration, limitation of liability, indemnification and servicing compensation
provisions substantially similar to the corresponding provisions of this Agreement, except for the fact that the applicable Serviced Whole
Loan and the related Mortgaged Properties shall be the sole assets serviced and administered thereunder and the sole source of funds thereunder.
Such sub-servicer (a) may be terminated without cause and without the payment of any fee and (b) shall meet the requirements
of Section 3.01 of this Agreement. If any sub-servicer appointed by the Master Servicer at the request of a Serviced Companion
Loan Holder in accordance with this Section 7.05 shall at any time resign or be terminated, the Master Servicer shall be required
to promptly appoint a substitute sub-servicer with respect to which a Rating Agency Confirmation has been obtained at the expense
of the applicable resigning or terminated sub-servicer (and any applicable Sub-Servicing Agreement shall so provide), and if the
resigning or terminated sub-servicer fails to cover such expense, the Master Servicer shall do so. In the event a successor Master
Servicer is acting hereunder and that successor Master Servicer desires to terminate the sub-servicer appointed under this Section 7.05,
the terminated Master Servicer that was responsible for the Servicer Termination Event that led to the appointment of such sub-servicer
shall be responsible for all costs incurred in connection with such termination, including the payment of any termination fee.

Section 7.06           
Termination of the Operating Advisor.

(a)              
An “Operating Advisor Termination Event” means any one of the following events whether it shall be voluntary
or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation
of any administrative or governmental body:

(i)                   any
failure by the Operating Advisor to observe or perform in any material respect any of its covenants or agreements or the material breach
of its representations or warranties under this Agreement, which failure shall continue unremedied for a period of 30 days after
the date on which written notice of such failure shall have been given to the Operating Advisor by the Trustee or to the Operating Advisor
and the Trustee by the Holders of Certificates having greater than 25% of the Voting Rights of all then outstanding Certificates; provided,
however, that with respect to any such failure which is not curable within such 30-day period, the Operating Advisor shall
have an additional cure period of thirty

    	 	- 457 -	 

     

    

(30) days to effect such cure so long
as it has commenced to cure such failure with the initial 30-day period and has provided the Trustee and the Certificate Administrator
with an Officer’s Certificate certifying that it has diligently pursued, and is continuing to pursue, such cure;

(ii)               
any failure by the Operating Advisor to perform its obligations set forth in this Agreement in accordance with the Operating Advisor
Standard which failure shall continue unremedied for a period of 30 days after the date on which written notice of such failure is
given to the Operating Advisor by any party to this Agreement;

(iii)             
any failure by the Operating Advisor to be an Eligible Operating Advisor, which failure shall continue unremedied for a period
of 30 days following receipt of written notice by the Operating Advisor of such failure or the Operative Advisor obtaining actual
knowledge of such failure; provided that, in the event that Rule 7 of Regulation RR is applicable to this securitization transaction
or an EHRI Trust Subordinate Companion Loan Securitization, then such Operating Advisor Termination Event will occur without any requirement
for such notice or actual knowledge, and the references thereto above will be deemed inapplicable;

(iv)            
a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver or liquidator
in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation
of its affairs, shall have been entered against the Operating Advisor, and such decree or order shall have remained in force undischarged
or unstayed for a period of 60 days;

(v)              
the Operating Advisor shall consent to the appointment of a conservator or receiver or liquidator or liquidation committee in any
insolvency, readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or similar proceedings of or relating to
the Operating Advisor or of or relating to all or substantially all of its property; or

(vi)            
the Operating Advisor shall admit in writing its inability to pay its debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily
suspend payment of its obligations.

Upon receipt by the Certificate
Administrator of notice of the occurrence of any Operating Advisor Termination Event, the Certificate Administrator shall promptly provide
written notice to all Certificateholders, all Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner by posting such
notice on its internet website, unless the Certificate Administrator has received notice that it has been remedied. If an Operating Advisor
Termination Event shall occur then, and in each and every such case, so long as such Operating Advisor Termination Event shall not have
been remedied, then either (i) the Trustee may or (ii) upon the

    	 	- 458 -	 

     

    

written direction of holders of Certificates
evidencing not less than 25% of the Voting Rights of each Class of Non-Reduced Certificates, or if an Operating Advisor Termination
Event affects only any related Loan-Specific Certificates that are part of an EHRI Trust Subordinate Companion Loan Securitization, upon
the written direction of the holders of Loan-Specific Certificates evidencing at least 25% of the Voting Rights of all Loan-Specific Certificateholders,
the Trustee shall, terminate all of the rights and obligations of the Operating Advisor under this Agreement, other than rights and obligations
accrued prior to such termination (including the right to receive all amounts accrued and owing to it under this Agreement) and other
than indemnification rights (arising out of events occurring prior to such termination), by notice in writing to the Operating Advisor.
Notwithstanding anything herein to the contrary, the Depositor shall have the right, but not the obligation, to notify the Certificate
Administrator and the Trustee of any Operating Advisor Termination Event of which the Depositor becomes aware.

(b)                 Upon
(i) the written direction of Holders of Certificates and Non-Reduced Loan-Specific Certificates evidencing not less than 15% of
the Voting Rights of the Non-Reduced Certificates and Non-Reduced Loan-Specific Certificates requesting a vote to terminate and replace
the Operating Advisor with a proposed successor Operating Advisor that is an Eligible Operating Advisor and (ii) payment by such
Holders to the Certificate Administrator of the reasonable fees and expenses to be incurred by the Certificate Administrator in connection
with administering such vote, the Certificate Administrator shall promptly provide written notice of the requested vote to the Operating
Advisor and to all Certificateholders and Loan-Specific Certificateholders by (i) posting such notice on its internet website,
and (ii) mailing such notice to all Certificateholders and Loan-Specific Certificateholders at their addresses appearing in the
Certificate Register and to the Operating Advisor. Upon the affirmative vote of the Holders of certificates evidencing more than 50%
of the Voting Rights allocable to the Non-Reduced Certificates and Non-Reduced Loan-Specific Certificates of those Holders that exercise
their right to vote (provided that Holders entitled to exercise at least 50% of the Voting Rights allocable to the Non-Reduced
Certificates and Non-Reduced Loan-Specific Certificates exercise their right to vote within 180 days of the initial request for
a vote (which, for the avoidance of doubt, is the date on which the aforementioned notice was mailed to the Certificateholders)), the
Trustee shall terminate all of the rights and obligations of the Operating Advisor under this Agreement by notice in writing to the Operating
Advisor. The provisions set forth in the foregoing sentences of this Section 7.06(b) shall be binding upon and inure to
the benefit of solely the Certificateholders and the Trustee as between each other. The Operating Advisor shall not have any cause of
action based upon or arising from any breach or alleged breach of such provisions. As between the Operating Advisor, on the one hand,
and the Certificateholders and Loan-Specific Certificateholders, on the other, the Certificateholders and Loan-Specific Certificateholders
shall be entitled in their sole discretion to vote for the termination or not vote for the termination of the Operating Advisor. The
Certificate Administrator shall include on each Distribution Date Statement a statement that each Certificateholder and Loan-Specific
Certificateholder and Certificate Owner may access notices on the Certificate Administrator’s Website and each Holder and Certificate
Owner of Certificates and Loan-Specific Certificates may register to receive e-mail notifications when such notices are posted on
the Certificate Administrator’s Website; provided that the Certificate Administrator shall be entitled to reimbursement

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from the requesting Certificateholders
and Loan-Specific Certificateholders for the reasonable expenses of posting such notices.

(c)              
On or after the receipt by the Operating Advisor of such written notice of termination, subject to the foregoing, all of its authority
and power under this Agreement shall be terminated and, without limitation, the terminated Operating Advisor shall execute any and all
documents and other instruments, and do or accomplish all other acts or things reasonably necessary or appropriate to effect the purposes
of such notice of termination. As soon as practicable, but in no event later than 15 Business Days after (1) the Operating Advisor
resigns pursuant to Section 6.04 of this Agreement (excluding resignation under the circumstances contemplated in Section 6.04(d)
where no successor Operating Advisor is required to be appointed) or (2) the Trustee delivers such written notice of termination to the
Operating Advisor, the Trustee shall appoint a successor Operating Advisor that is an Eligible Operating Advisor. The Trustee shall provide
written notice of the appointment of a successor Operating Advisor to the Master Servicer, the Special Servicer, the Operating Advisor,
the Certificate Administrator, the Depositor, the Risk Retention Consultation Parties, any related Outside Controlling Note Holder and,
if a Consultation Termination Event does not exist, the Controlling Class Representative within one Business Day of such appointment,
and the Certificate Administrator shall provide written notice of such appointment to each Certificateholder and the Uncertificated VRR
Interest Owner within one Business Day of the receipt of such notice of appointment from the Trustee. Except as contemplated by Section 7.06(b)
of this Agreement, the appointment of a successor Operating Advisor shall not be subject to the vote, consent or approval of the holder
of any Class of Certificates or the Uncertificated VRR Interest Owner.

The Operating Advisor shall
not at any time be the Depositor, the Master Servicer, the Special Servicer, a Sponsor or an Affiliate of any of them. If any of such
entities becomes the Operating Advisor, including by means of an Affiliation arising after the date hereof, the Operating Advisor shall
immediately resign or cause an assignment under Section 6.04 of this Agreement and the Trustee shall appoint a successor Operating
Advisor subject to and in accordance with this Section 7.06(c), which successor Operating Advisor may be an Affiliate of the
Trustee. Notwithstanding the foregoing, if the Trustee is unable to find a successor Operating Advisor within 30 days of the termination
of the Operating Advisor, the Depositor shall be permitted to find a replacement. Unless and until a replacement Operating Advisor is
appointed, no party shall act as the Operating Advisor and the provisions in this Agreement relating to consultation with respect to the
Operating Advisor shall not be applicable until a replacement Operating Advisor is appointed hereunder.

(d)              
Upon any resignation or termination of the Operating Advisor and, if applicable, appointment of a successor to the Operating Advisor,
the Trustee shall, as soon as possible, give written notice thereof to the Special Servicer, the Master Servicer, the Certificate Administrator
(who shall, as soon as possible, give written notice thereof to the Certificateholders and the Uncertificated VRR Interest Owner), the
Depositor, each Directing Holder, each Consulting Party and, for posting to the Rule 17g-5 Information Provider’s Website pursuant
to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider. In the event that the Operating Advisor resigns or is terminated,
all of its rights and obligations under this Agreement shall terminate, other than any rights or

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obligations that accrued prior to the
date of such resignation or termination (including the right to receive all amounts accrued and owing to it under this Agreement) and
other than any rights to indemnification arising out of events occurring prior to such resignation or termination.

Article
VIII

CONCERNING THE TRUSTEE and The Certificate Administrator

Section 8.01          
Duties of the Trustee and the Certificate Administrator.

(a)              
The Trustee, prior to the occurrence of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge
and after the curing or waiver of all Servicer Termination Events which may have occurred, undertakes to perform such duties and only
such duties as are specifically set forth in this Agreement and no permissive right of the Trustee shall be construed as a duty. During
the continuance of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge, the Trustee, subject
to the provisions of Section 7.02 and Section 7.04 of this Agreement, shall exercise such of the rights and powers
vested in it by this Agreement, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under
the circumstances in the conduct of such person’s own affairs. The Certificate Administrator undertakes to perform at all times
such duties and only such duties as are specifically set forth in this Agreement and no permissive right of the Certificate Administrator
shall be construed as a duty.

(b)              
Each of the Trustee and the Certificate Administrator, upon receipt of any resolutions, certificates, statements, opinions, reports,
documents, orders or other instruments furnished to the Trustee or the Certificate Administrator, as applicable, which are specifically
required to be furnished pursuant to any provision of this Agreement (other than the Mortgage Files, the review of which is specifically
governed by the terms of Article II, the Diligence Files, any CREFC® reports and any information delivered for posting
to the Certificate Administrator’s Website or the Rule 17g-5 Information Provider’s Website), shall examine them
to determine whether they conform on their face to the requirements of this Agreement to the extent specifically set forth herein; provided,
however, that neither the Trustee nor the Certificate Administrator shall be responsible for the accuracy or content of any such
resolution, certificate, statement, opinion, report, document, order or other instrument provided to it hereunder if accepted in good
faith. If any such instrument is found not to conform on its face to the requirements of this Agreement in a material manner, the Trustee
or the Certificate Administrator, as applicable, shall request a corrected instrument, and if the instrument is not corrected to the Trustee’s
or the Certificate Administrator’s, as applicable, reasonable satisfaction, the Certificate Administrator (if the Certificate Administrator
requested the corrected instrument or upon direction from the Trustee if the Trustee requested the corrected instrument) will provide
notice thereof to the Certificateholders and the Uncertificated VRR Interest Owner.

(c)              
Neither the Trustee, the Certificate Administrator nor any of their respective officers, directors, employees, agents or “control”
persons within the meaning of the Act

    	 	- 461 -	 

     

    

shall have any liability arising out
of or in connection with this Agreement, provided that, subject to Section 8.02 of this Agreement, no provision of this
Agreement shall be construed to relieve the Trustee or the Certificate Administrator, as applicable, or any such person, from liability
for its own negligent action, its own negligent failure to act or its own willful misconduct or its own bad faith; and provided,
further, that:

(i)                
Prior to the occurrence of a Servicer Termination Event or Operating Advisor Termination Event of which a Responsible Officer of
the Trustee has actual knowledge, and after the curing or waiver of all such Servicer Termination Events which may have occurred, the
duties and obligations of the Trustee shall be determined solely by the express provisions of this Agreement, neither the Trustee nor
the Certificate Administrator shall be liable except for the performance of such duties and obligations as are specifically set forth
in this Agreement, no implied covenants or obligations shall be read into this Agreement against the Trustee or the Certificate Administrator
and, in the absence of bad faith on the part of the Trustee or the Certificate Administrator, the Trustee or the Certificate Administrator,
as applicable, may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any
resolutions, certificates, statements, reports, opinions, documents, orders or other instruments furnished to the Trustee or the Certificate
Administrator, as applicable, that conform on their face to the requirements of this Agreement without responsibility for investigating
the contents thereof;

(ii)               
Neither the Trustee nor the Certificate Administrator shall be personally liable for an error of judgment made in good faith by
a Responsible Officer or Responsible Officers, unless it shall be proved that the Trustee or the Certificate Administrator, as applicable,
was negligent in ascertaining the pertinent facts;

(iii)              
Neither the Trustee nor the Certificate Administrator shall be personally liable with respect to any action taken, suffered or
omitted to be taken by it in good faith in accordance with the direction of Holders of Certificates entitled to greater than 50% of the
Percentage Interests (or such other percentage as is specified herein for such action) of each affected Class, or of the Voting Rights
of the Certificates, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee or the
Certificate Administrator, as applicable, or exercising any trust or power conferred upon the Trustee or the Certificate Administrator,
as applicable, under this Agreement;

(iv)                Neither
the Trustee, the Certificate Administrator nor any of their respective directors, officers, employees, agents or control persons shall
be responsible for any act or omission of any Custodian, Paying Agent or Certificate Registrar that is not the same Person as, or an
Affiliate of, the Trustee or the Certificate Administrator, as applicable, and that is selected other than by the Trustee or the Certificate
Administrator, as applicable, performed or omitted in compliance with any custodial or other agreement, or any act or omission of the
Master Servicer, Special Servicer, the Depositor, the Operating Advisor, any

    	 	- 462 -	 

     

    

Serviced Companion Loan Holder, the Directing
Holder or the Controlling Class Representative or any other third Person, including, without limitation, in connection with actions
taken pursuant to this Agreement;

(v)                 Neither
the Trustee nor the Certificate Administrator shall be under any obligation to appear in, prosecute or defend any legal action unless
such action is incidental to its respective duties as Trustee or Certificate Administrator, as applicable, in accordance with this Agreement
(and, if it does, all reasonable legal expenses and costs of such action shall be expenses and costs of the Trust Fund) and in its opinion
does not expose it to any expense or liability for which reimbursement is not reasonably assured, and the Trustee or the Certificate
Administrator, as applicable, shall be entitled to be reimbursed therefor from the Collection Account, unless such legal action arises
(i) as a result of any willful misconduct, bad faith, fraud or negligence in the performance of duties of the Trustee or the Certificate
Administrator, as the case may be, or by reason of negligent disregard of the Trustee’s or the Certificate Administrator’s,
as the case may be, obligations or duties hereunder, or (ii) as a result of the breach by the Trustee or the Certificate Administrator,
as the case may be, of any of its representations or warranties contained herein; provided, however, that the Trustee or
the Certificate Administrator may in its discretion undertake any such action related to its obligations hereunder which it may deem
necessary or desirable with respect to this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders
hereunder;

(vi)            
Neither the Trustee nor the Certificate Administrator shall be charged with knowledge of any act, failure to act or breach of any
Person unless a Responsible Officer of the Trustee or the Certificate Administrator, as applicable, obtains actual knowledge of such act,
failure to act or breach or receives written notice of such act, failure to act or breach from any other party to this Agreement, any
Certificateholder or Certificate Owner, the Uncertificated VRR Interest Owner, a Risk Retention Consultation Party, a Serviced Companion
Loan Holder, the Directing Holder or the Controlling Class Representative; and

(vii)            
Except in the event of the Trustee’s or Certificate Administrator’s, as applicable, willful misconduct, bad faith or
fraud, in no event shall the Trustee or the Certificate Administrator, as applicable, be liable for special, punitive, indirect or consequential
loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee or the Certificate Administrator,
as applicable, has been advised of the likelihood of such loss or damage and regardless of the form of action.

None of the provisions contained
in this Agreement shall require the Trustee or the Certificate Administrator, in its capacity as Trustee or the Certificate Administrator,
as applicable, to expend or risk its own funds, or otherwise incur financial liability in the performance of any of its duties hereunder,
or in the exercise of any of its rights or powers, if in the opinion of the Trustee or the Certificate Administrator, as applicable, the
repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. None of the provisions contained
in

    	 	- 463 -	 

     

    

this Agreement shall in any event require the
Trustee to perform, or be responsible for the manner of performance of, any of the obligations of the Master Servicer (other than the
obligations to make Advances under Sections 3.20 and 4.06 of this Agreement), the Special Servicer, the Certificate Administrator,
the Operating Advisor or the Asset Representations Reviewer under this Agreement, except during such time, if any, as the Trustee shall
be the successor to, and be vested with the rights, duties, powers and privileges of, the Master Servicer or the Special Servicer in accordance
with the terms of this Agreement. None of the provisions contained in this Agreement shall in any event require the Certificate Administrator
to perform, or be responsible for the manner of performance of, any of the obligations of the Master Servicer, the Special Servicer, the
Trustee, the Operating Advisor or the Asset Representations Reviewer under this Agreement. Neither the Trustee nor the Certificate Administrator
shall be required to post any surety or bond of any kind in connection with its performance of its obligations under this Agreement and
neither the Trustee nor the Certificate Administrator shall be liable for any loss on any investment of funds pursuant to this Agreement
(other than any funds invested with it in its commercial capacity or at its discretion).

(d)                 The
Operating Advisor, the Master Servicer, the Special Servicer or the Trustee may at any time request from the Certificate Administrator
written confirmation of whether any Control Termination Event, Consultation Termination Event, Yorkshire & Lexington Towers Control
Termination Event, Yorkshire & Lexington Towers Consultation Termination Event or Operating Advisor Consultation Trigger Event occurred
during the previous calendar year and the Certificate Administrator shall deliver such confirmation, based on information in its possession,
to the requesting party within ten (10) Business Days of such request. Further, the Certificate Administrator shall post a “special
notice” on the Certificate Administrator’s Website within ten (10) days of its determination (or its receipt of notice)
of the commencement or cessation of any Control Termination Event, Consultation Termination Event, Yorkshire & Lexington Towers Control
Termination Event, Yorkshire & Lexington Towers Consultation Termination Event or Operating Advisor Consultation Trigger Event.

Section 8.02           
Certain Matters Affecting the Trustee and the Certificate Administrator.

(a)               
Except as otherwise provided in Section 8.01 of this Agreement:

(i)                   Each
of the Trustee and the Certificate Administrator may request and/or rely upon and shall be protected in acting or refraining from acting
upon any resolution, Officer’s Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report,
notice, request, consent, order, appraisal, bond or other paper or document reasonably believed by it to be genuine and to have been
signed or presented by the proper party or parties and neither the Trustee nor the Certificate Administrator shall have any responsibility
to ascertain or confirm the genuineness of any such party or parties;

(ii)              
Each of the Trustee and the Certificate Administrator may consult with counsel and the written advice of such counsel or any Opinion
of Counsel shall be full and complete authorization and protection in respect of any action taken or

    	 	- 464 -	 

     

    

suffered or omitted by it hereunder in
good faith and in accordance with such written advice of such counsel or Opinion of Counsel;

(iii)              
(A)Neither the Trustee nor the Certificate Administrator shall be under any obligation to institute, conduct or defend any
litigation hereunder or in relation hereto at the request, order or direction of any of the Certificateholders, pursuant to the provisions
of this Agreement, unless such Certificateholders shall have offered to the Trustee or the Certificate Administrator, as applicable, security
or indemnity reasonably satisfactory to the Trustee or the Certificate Administrator, as applicable, against the costs, expenses and liabilities
which may be incurred therein or thereby; and

(B)             
the right of the Trustee or the Certificate Administrator, as applicable, to perform any discretionary act enumerated in this Agreement
shall not be construed as a duty, and neither the Trustee nor the Certificate Administrator shall be answerable for other than its negligence
or willful misconduct in the performance of any such act;

provided that subject to the foregoing
clause (A), nothing contained herein shall relieve the Trustee of the obligations, upon the occurrence of a Servicer Termination
Event (which has not been cured or waived) of which a Responsible Officer of the Trustee has actual knowledge, to exercise such of the
rights and powers vested in it by this Agreement, and to use the same degree of care and skill in their exercise, as a prudent person
would exercise or use under the circumstances in the conduct of such person’s own affairs;

(iv)                Neither
the Trustee, the Certificate Administrator nor any of their respective directors, officers, employees, Affiliates, agents or “control”
persons within the meaning of the Act shall be personally liable for any action taken, suffered or omitted by it in good faith and reasonably
believed by the Trustee or the Certificate Administrator, as applicable, to be authorized or within the discretion or rights or powers
conferred upon it by this Agreement;

(v)                 Neither
the Trustee nor the Certificate Administrator shall be bound to make any investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document, unless
requested in writing to do so by Holders of Certificates or Loan-Specific Certificates entitled to at least 25% (or such other percentage
as is specified herein) of the Percentage Interests of any affected Class; provided, however, that if the payment within
a reasonable time to the Trustee or the Certificate Administrator, as applicable, of the costs, expenses or liabilities likely to be
incurred by it in the making of such investigation is, in the opinion of the Trustee or the Certificate Administrator, as applicable,
not reasonably assured to the Trustee or the Certificate Administrator, as applicable, by the security afforded to it by the terms of
this Agreement, the Trustee or the Certificate Administrator, as applicable, may require reasonable indemnity against such expense or
liability as a condition to taking any such action. The reasonable expense of every such investigation shall be paid by the Master Servicer,
the

    	 	- 465 -	 

     

    

Special Servicer or the Operating Advisor,
as applicable, if a Servicer Termination Event or Operating Advisor Termination Event shall have occurred and be continuing relating to
the Master Servicer, the Special Servicer or the Operating Advisor, respectively and if such investigation results from such Servicer
Termination Event or Operating Advisor Termination Event, and otherwise by the Certificateholders or Loan-Specific Certificateholders,
as applicable, requesting the investigation;

(vi)                Each
of the Trustee and the Certificate Administrator may execute any of the trusts or powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys but shall not be relieved of its obligations hereunder;

(vii)            
Except as otherwise expressly set forth in this Agreement, Computershare Trust Company, National Association acting in any particular
capacity hereunder will not be deemed to be imputed with knowledge of (a) Computershare Trust Company, National Association, acting in
a capacity that is unrelated to the transactions contemplated by this Agreement, or (b) Computershare Trust Company, National Association,
acting in any other capacity hereunder, except, in the case of either clause (a) or clause (b), where some or all of the
obligations performed in such capacities are performed by one or more employees within the same group or division of Computershare Trust
Company, National Association, or where the groups or divisions responsible for performing the obligations in such capacities have one
or more of the same Responsible Officers; and

(viii)            
For purposes of this Agreement, the Trustee or the Certificate Administrator, as applicable, shall have notice of an event only
when a Responsible Officer of the Trustee or the Certificate Administrator, as applicable, has received written notice or obtains actual
knowledge of such event.

(b)                 Following
the Startup Day, neither the Trustee nor the Certificate Administrator shall, except as expressly required by any provision of this Agreement,
accept any contribution of assets to the Trust Fund unless the Trustee or the Certificate Administrator, as applicable, shall have received
an Opinion of Counsel (the costs of obtaining such opinion to be borne by the Person requesting such contribution) to the effect that
the inclusion of such assets in the Trust Fund will not cause any Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust
to fail to qualify as a grantor trust, at any time that any Certificates are outstanding or subject a Trust REMIC to any tax under the
REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.

(c)              
All rights of action under this Agreement or under any of the Certificates, enforceable by the Trustee or the Certificate Administrator,
as applicable, may be enforced by it without the possession of any of the Certificates, or the production thereof at the trial or other
proceeding relating thereto, and any such suit, action or proceeding instituted by

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the Trustee shall be brought in its name
for the benefit of all the Holders of such Certificates, subject to the provisions of this Agreement.

Neither the Trustee nor the
Certificate Administrator shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring
the repurchase of any Mortgage Loan by the Depositor pursuant to this Agreement or the eligibility of any Mortgage Loan for purposes of
this Agreement.

(d)              
Neither the Trustee nor the Certificate Administrator shall be responsible for delays or failures in performance resulting from
acts beyond its control (such acts to include but are not limited to acts of God, strikes, lockouts, riots and acts of war).

(e)              
Each of the Custodian, the Rule 17g-5 Information Provider, Authenticating Agent, Paying Agent and Certificate Registrar
shall be entitled to the same rights, indemnities, immunities, benefits (other than compensation), privileges and protections afforded
to the Certificate Administrator hereunder in the same manner as if such party were the named Certificate Administrator herein mutatis
mutandis.

(f)                
Notwithstanding anything to the contrary herein, any and all e-mail communications (both text and attachments) by or from the
Trustee or the Certificate Administrator that the Trustee or the Certificate Administrator, as applicable, deems to contain confidential,
proprietary, and/or sensitive information may be encrypted. The recipient (the “E-mail Recipient”) of the encrypted
e-mail communication will be required to complete a registration process. Instructions on how to register and/or retrieve an encrypted
message will be included in the first secure e-mail sent by the Trustee or the Certificate Administrator, as applicable, to the E-mail
Recipient.

(g)              
No provision of this Agreement or any Loan Document shall be deemed to impose any duty or obligation on the Trustee or the Certificate
Administrator to take or omit to take any action, or suffer any action to be taken or omitted, in the performance of its duties or obligations
under the Loan Documents, or to exercise any right or power thereunder, to the extent that taking or omitting to take such action or suffering
such action to be taken or omitted would violate applicable law binding upon it (which determination may be based on Opinion of Counsel).

(h)              
In order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including, without limitation, those relating to the funding of terrorist activities and money laundering including Section 326 of
the USA PATRIOT Act (for purposes of this clause (h), “Applicable Law”), each of the Trustee and the Certificate
Administrator is required to obtain, verify, record and update certain information relating to individuals and entities that maintain
a business relationship with the Trustee or the Certificate Administrator, as applicable. Accordingly, each of the parties hereto agrees
to provide to the Trustee or the Certificate Administrator, as applicable, upon its request from time to time, such identifying information
and documentation as may be available for such party in order to enable the Trustee or the Certificate Administrator, as applicable, to
comply with Applicable Law.

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Section 8.03        Neither
the Trustee Nor the Certificate Administrator Is Liable for Certificates or Trust Loans. The recitals contained herein and in the
Certificates (other than the signature and authentication of the Certificate Administrator on the Certificates) shall not be taken as
the statements of the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer or the Operating Advisor, and
the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer and the Operating Advisor assume no responsibility
for their correctness. The Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer and the Operating Advisor
make no representations or warranties as to the validity or sufficiency of this Agreement, of the Certificates or any prospectus used
to offer the Certificates for sale or the validity, enforceability or sufficiency of any Trust Loan or related document. Neither the
Trustee nor the Certificate Administrator shall at any time have any responsibility or liability for or with respect to the legality,
validity and enforceability of any Mortgage, any Trust Loan, or the perfection and priority of any Mortgage or the maintenance of any
such perfection and priority, or for or with respect to the sufficiency of the Trust Fund or its ability to generate the payments to
be distributed to Certificateholders under this Agreement. Without limiting the foregoing, neither the Trustee nor the Certificate Administrator
shall be liable or responsible for: the existence, condition and ownership of any Mortgaged Property; the existence of any hazard or
other insurance thereon (other than if the Trustee shall assume the duties of the Master Servicer or the Special Servicer pursuant to
Section 7.02 of this Agreement, in the Trustee’s capacity as Master Servicer or Special Servicer) or the enforceability
thereof; the existence of any Trust Loan or the contents of the related Mortgage File on any computer or other record thereof (other
than if the Trustee shall assume the duties of the Master Servicer or the Special Servicer pursuant to Section 7.02 of
this Agreement, in the Trustee’s capacity as Master Servicer or Special Servicer); the validity of the assignment of any Trust
Loan to the Trust Fund or of any intervening assignment; the completeness of any Mortgage File (except for its review thereof pursuant
to Section 2.02); the performance or enforcement of any Trust Loan (other than if the Trustee shall assume the duties of
the Master Servicer or the Special Servicer pursuant to Section 7.02 of this Agreement, in the Trustee’s capacity
as Master Servicer or Special Servicer); the compliance by the Depositor, the Master Servicer, the Special Servicer or the Operating
Advisor with any warranty or representation made under this Agreement or in any related document or the accuracy of any such warranty
or representation prior to the Trustee’s receipt of notice or other discovery of any non-compliance therewith or any breach
thereof; any investment of moneys by or at the direction of the Master Servicer or any loss resulting therefrom (other than if the Trustee
shall assume the duties of the Master Servicer or the Special Servicer pursuant to Section 7.02 of this Agreement, in the
Trustee’s capacity as Master Servicer or Special Servicer), it being understood that the Trustee shall remain responsible for any
Trust Fund property that it may hold in its individual capacity; the acts or omissions of any of the Depositor, the Master Servicer,
the Special Servicer or the Operating Advisor (other than if the Trustee shall assume the duties of the Master Servicer or the Special
Servicer pursuant to Section 7.02 of this Agreement, in the Trustee’s capacity as Master Servicer or Special Servicer) or
any Sub-Servicer or any Mortgagor; any action of the Master Servicer, the Special Servicer or the Operating Advisor (other than if
the Trustee shall assume the duties of the Master Servicer or the Special Servicer pursuant to Section 7.02 of this Agreement,
in the Trustee’s capacity as Master Servicer or Special Servicer) or any Sub-Servicer taken in the name of the Trustee
except to the extent such action is taken at the express written direction of the Trustee; the failure of the Master Servicer or the
Special Servicer or any Sub-Servicer to act or perform any duties required of it on behalf of the Trust Fund or the Trustee as applicable
hereunder; or any action by or omission of the Trustee taken at the

    	 	- 468 -	 

     

    

instruction of the Master Servicer or the Special
Servicer (other than if the Trustee shall assume the duties of the Master Servicer or the Special Servicer pursuant to Section 7.02
of this Agreement, in the Trustee’s capacity as Master Servicer or Special Servicer) unless the taking of such action is not
permitted by the express terms of this Agreement; provided, however, that the foregoing shall not relieve the Trustee or
the Certificate Administrator, as applicable, of its obligation to perform its duties as specifically set forth in this Agreement. Neither
the Trustee nor the Certificate Administrator shall be accountable for the use or application by the Depositor of any of the Certificates,
the Loan-Specific Certificates or the Uncertificated VRR Interest issued to it or of the proceeds of the sale of such Certificates, Loan-Specific
Certificates or the Uncertificated VRR Interest, or for the use or application of any funds paid to the Depositor, the Master Servicer
or the Special Servicer in respect of the Trust Loans or deposited in or withdrawn from the Collection Account, the Distribution Account,
the Lock Box Account, the Escrow Accounts, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account, the Excess Interest
Distribution Account or any other account maintained by or on behalf of the Master Servicer or the Special Servicer, other than any funds
held by the Trustee or the Certificate Administrator, as applicable. Neither the Trustee nor the Certificate Administrator shall have
responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain
the perfection of any security interest or lien granted to it hereunder (unless in the case of the Trustee, the Trustee shall have become
the successor Master Servicer) or to record this Agreement. In making any calculation hereunder which includes as a component thereof
the payment or distribution of interest for a stated period at a stated rate “to the extent permitted by applicable law,”
the Trustee or the Certificate Administrator, as applicable, shall assume that such payment is so permitted unless a Responsible Officer
of the Trustee or the Certificate Administrator, as applicable, has actual knowledge, or receives an Opinion of Counsel (at the expense
of the Person asserting the impermissibility) to the effect that such payment is not permitted by applicable law.

Section 8.04          
Trustee and Certificate Administrator May Own Certificates. The Trustee, the Certificate Administrator and any agent
of the Trustee or the Certificate Administrator, each, in its individual capacity or any other capacity, may become the owner or pledgee
of Certificates or Loan-Specific Certificates , and may deal with the Depositor and the Master Servicer in banking transactions, with
the same rights it would have if it were not Trustee, the Certificate Administrator or such agent, as the case may be.

Section 8.05           
Payment of Trustee/Certificate Administrator Fees and Expenses; Indemnification.

(a)              
As compensation for the performance of its duties hereunder, the Trustee shall be paid its portion of the Trustee/Certificate Administrator
Fee, which shall cover recurring and otherwise reasonably anticipated expenses of the Trustee. As compensation for the performance of
its duties hereunder, the Certificate Administrator shall be paid its portion of the Trustee/Certificate Administrator Fee, which shall
cover recurring and otherwise reasonably anticipated expenses of the Certificate Administrator. The Certificate Administrator shall pay
the Trustee the Trustee’s portion of the Trustee/Certificate Administrator Fee. The Trustee/Certificate Administrator Fee shall
be paid monthly on a Trust Loan-by-Trust Loan basis. The Trustee/Certificate Administrator Fee (which in each case shall not be
limited by any provision of law in regard to the compensation of a trustee of an express trust) shall constitute the Trustee’s
and the Certificate Administrator’s sole

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form of compensation for all services
rendered by each of them in the execution of the trusts hereby created and in the exercise and performance of any of the powers and duties
of the Trustee or the Certificate Administrator, as applicable, hereunder. No Trustee/Certificate Administrator Fee shall be payable with
respect to any Companion Loan (other than the Trust Subordinate Companion Loan). Any Trustee/Certificate Administrator Fee payable with
respect to the Mortgage Loans shall be payable solely from collections with respect to the Mortgage Loans, and any Trustee/Certificate
Administrator Fee with respect to the Trust Subordinate Companion Loan shall be payable solely from collections with respect to the Trust
Subordinate Companion Loan. In the event that the Trustee assumes the servicing responsibilities of the Master Servicer or the Special
Servicer hereunder pursuant to or otherwise arising from the resignation or removal of the Master Servicer or the Special Servicer, the
Trustee shall be entitled to the compensation to which the Master Servicer or the Special Servicer, as the case may be, would have been
entitled.

(b)              
Each of the Trustee and the Certificate Administrator shall be paid or reimbursed by the Trust Fund upon its request for all reasonable
expenses, disbursements and, except for Advances otherwise reimbursable hereunder, advances incurred or made by the Trustee or the Certificate
Administrator, as applicable, pursuant to and in accordance with any of the provisions of this Agreement (including the reasonable compensation
and the expenses and disbursements of its counsel and of all persons not regularly in its employ) to the extent such payments are “unanticipated
expenses” as described in clause (d) below, except any such expense, disbursement or advance as may arise from its negligence,
bad faith or willful misconduct; provided, however, that, subject to Section 8.01 and Section 8.02
of this Agreement, neither the Trustee nor the Certificate Administrator shall refuse to perform any of its duties hereunder solely as
a result of the failure to be paid the Trustee/Certificate Administrator Fee or the Trustee’s expenses or the Certificate Administrator’s
expenses, as applicable.

The Master Servicer and the
Special Servicer covenant and agree to pay or reimburse the Trustee for the reasonable out-of-pocket expenses incurred or made
by the Trustee in connection with any transfer of the servicing responsibilities of the Master Servicer or the Special Servicer, respectively,
hereunder, pursuant to or otherwise arising from the resignation or removal of the Master Servicer or the Special Servicer, in accordance
with any of the provisions of this Agreement (and including the reasonable fees and expenses and disbursements of its counsel and all
other persons not regularly in its employ), except any such expenses as may arise from the negligence or bad faith of the Trustee.

(c)              
Each of the Paying Agent, the Authenticating Agent, the Certificate Administrator, the Certificate Registrar, the Custodian, the
Trustee, the Depositor, the Master Servicer and the Special Servicer (each, an “Indemnifying Party”) shall indemnify
the Trustee, the Paying Agent, the Authenticating Agent, the Certificate Administrator, the Certificate Registrar, the Custodian and their
respective Affiliates and each of the directors, officers, employees and agents of the Paying Agent, the Authenticating Agent, the Trustee,
the Certificate Administrator, the Certificate Registrar, the Custodian and their respective Affiliates (each, an “Indemnified
Party”) for, and hold each of them harmless against, any and all claims, losses, damages, penalties, fines, forfeitures, reasonable
and necessary legal

    	 	- 470 -	 

     

    

fees and related costs, judgments, and
any other costs, fees and expenses that the Indemnified Party may sustain in connection with this Agreement (including, without limitation,
reasonable fees and disbursements of counsel incurred by the Indemnified Party in any action or proceeding between the Indemnifying Party
and the Indemnified Party or between the Indemnified Party and any third party or otherwise) resulting from each such Indemnifying
Party’s respective willful misconduct, bad faith, fraud and/or negligence in the performance of each of its respective obligations
or duties hereunder or by reason of negligent disregard of its respective obligations and duties hereunder. Each of the Paying Agent,
the Authenticating Agent, the Trustee, the Certificate Registrar, the Custodian and the Certificate Administrator shall indemnify each
of the Master Servicer and the Special Servicer and its Affiliates and each of the directors, officers, employees and agents of each of
the Master Servicer and the Special Servicer and its Affiliates (each, a “Servicer Indemnified Party”) for, and hold
each of them harmless against, any and all claims, losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees
and related costs, judgments, and any other costs, fees and expenses that the Servicer Indemnified Party may sustain in connection with
this Agreement (including, without limitation, reasonable fees and disbursements of counsel incurred by the Servicer Indemnified Party
in any action or proceeding between the Trustee, the Paying Agent, the Authenticating Agent, the Certificate Registrar, the Custodian
or the Certificate Administrator, as applicable, and the Servicer Indemnified Party or between the Servicer Indemnified Party and any
third party or otherwise) related to the Trustee’s, the Authenticating Agent’s, the Paying Agent’s, the Certificate
Registrar’s, the Custodian’s or the Certificate Administrator’s respective willful misconduct, bad faith, fraud and/or
negligence in the performance of each of its respective duties hereunder or by reason of negligent disregard of its respective obligations
and duties hereunder. Each of the Authenticating Agent, the Paying Agent, the Certificate Registrar, the Custodian, the Certificate Administrator
and the Trustee shall indemnify the Depositor, each Sponsor, any employee, director or officer of the Depositor or any Sponsor, and the
Trust Fund (each an “Other Indemnified Party”) for, and hold each of them harmless against, any loss, liability or
reasonable expense (including, without limitation, reasonable attorneys’ fees and expenses incurred by the Other Indemnified Party
in any action or proceeding between the Authenticating Agent, the Paying Agent, the Certificate Registrar, the Custodian, the Certificate
Administrator or the Trustee, as applicable, and the Other Indemnified Party or between the Other Indemnified Party and any third party
or otherwise) incurred by such parties (i) as a result of any willful misconduct, bad faith, fraud or negligence in the performance
of the obligations or duties of the Authenticating Agent, the Paying Agent, the Certificate Registrar, the Custodian, the Certificate
Administrator or the Trustee, as the case may be, or by reason of negligent disregard of the Authenticating Agent, the Paying Agent’s,
the Certificate Registrar’s, the Custodian’s, the Certificate Administrator’s or the Trustee’s, as the case may
be, obligations or duties hereunder, or (ii) as a result of the breach by the Authenticating Agent, the Paying Agent, the Certificate
Registrar, the Custodian, the Certificate Administrator or the Trustee, as the case may be, of any of its representations or warranties
contained herein, or (iii) as a result of or relating to a violation of the Exchange Act or Regulation RR if such violation, in whole
or in part, results from or arises out of a breach by the Authenticating Agent, the Paying Agent, the Certificate Registrar or the Certificate
Administrator, as the case may be, of any of its obligations under Section 5.02(f) and Section 5.03(i) of this
Agreement.

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(d)              
 The Trust Fund shall indemnify each Indemnified Party from, and hold it harmless against, any and all claims, losses, damages,
penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and any other costs, fees and expenses
that the Indemnified Party may sustain in connection with this Agreement (including, without limitation, reasonable fees and disbursements
of counsel and of all persons not regularly in its employ incurred by the Indemnified Party in any action or proceeding between the Trust
Fund and the Indemnified Party or between the Indemnified Party and any third party or otherwise) arising in respect of this Agreement,
the Certificates, any Loan-Specific Certificates or the Uncertificated VRR Interest, in each case to the extent and only to the extent,
such payments are expressly reimbursable under this Agreement, or are unanticipated expenses (as defined below), other than (i) those
resulting from the negligence, fraud, bad faith or willful misconduct, or negligent disregard of obligations and duties hereunder, of
the Indemnified Party and (ii) except to the extent such amounts are not paid pursuant to this Section 8.05, those as
to which such Indemnified Party is entitled to indemnification pursuant to Section 8.05(c). The term “unanticipated
expenses” shall include any fees, expenses and disbursements of the Trustee or the Certificate Administrator or any separate trustee
or co-trustee or certificate administrator appointed hereunder, only to the extent such fees, expenses and disbursements were not
reasonably anticipated as of the Closing Date, and the losses, liabilities, damages, claims or incremental expenses (including reasonable
attorneys’ fees) incurred or, except in the case of an Advance otherwise reimbursable hereunder, advanced by an Indemnified
Party in connection with (i) a default under any Trust Loan and (ii) any litigation arising out of this Agreement, including,
without limitation, under Section 2.03, Section 3.10, the third paragraph of Section 3.11, Section 4.05
and Section 7.01 of this Agreement. The right of reimbursement of the Indemnified Parties under this Section 8.05(d) shall
be senior to the rights of all Certificateholders and the Uncertificated VRR Interest Owner.

(e)              
Notwithstanding anything herein to the contrary, this Section 8.05 shall survive the termination or maturity of this
Agreement or the resignation or removal of the Trustee or the Certificate Administrator, as applicable, as regards rights accrued prior
to such resignation or removal and (with respect to any acts or omissions during their respective tenures) the resignation, removal
or termination of the Master Servicer, the Special Servicer, the Paying Agent, the Authenticating Agent, the Certificate Registrar or
the Custodian.

(f)               
This Section 8.05 shall be expressly construed to include, but not be limited to, such indemnities, compensation, expenses,
disbursements, advances, losses, liabilities, damages and the like, as may pertain or relate to any environmental law or environmental
matter.

Section 8.06              Eligibility Requirements for the Trustee and the Certificate Administrator. Each of the Trustee and the Certificate Administrator
hereunder shall at all times be a corporation or association organized and doing business under the laws of any state or the United States
of America, authorized under such laws to exercise corporate trust powers and to accept the trust conferred under this Agreement, having
a combined capital and surplus of at least $100,000,000, and subject to supervision or examination by federal or state authority, and
the Trustee shall not be an Affiliate of any other member of the Restricted Group (other than an

    	 	- 472 -	 

     

    

Underwriter and, during any period when the
Trustee has assumed the duties of the Master Servicer pursuant to Section 7.02, the Master Servicer). Neither the Trustee
nor the Certificate Administrator shall be the Loan-Specific Retaining Third Party Purchaser, or a Risk Retention Affiliate of such entity.
The Trustee is required to maintain (A) a rating on its long-term senior unsecured debt of at least “A” by Fitch or a
rating on its short-term debt of at least “F1” by Fitch, (B) a rating on its long-term senior unsecured debt of at least “A2”
by Moody’s or a long-term counterparty risk assessment of at least “A2(cr)” by Moody’s, provided, however,
that the Trustee may maintain a long-term senior unsecured debt rating of at least “Baa3” by Moody’s for so long as
the Master Servicer is rated at least “A2” by Moody’s, (C) a rating on its long-term senior unsecured debt of at least
“BBB-” by KBRA (or, if not rated by KBRA, then at least an equivalent rating by two other NRSROs which may include Fitch and
Moody’s) and (D) a rating on its long-term senior unsecured debt of at least “A” by DBRS Morningstar (or, if not rated
by DBRS Morningstar, then at least an equivalent rating by any two other NRSROs) (or, in the case of any Rating Agency’s rating
requirement set forth above in this sentence, such other rating with respect to which the applicable Rating Agency has provided a Rating
Agency Confirmation). In addition, the Trustee shall satisfy the requirements for a trustee contemplated by clause (a)(4)(i) of Rule 3a-7
under the Investment Company Act. The Certificate Administrator is required to maintain (A) a rating on its long-term senior unsecured
debt of at least “BBB(high)” by DBRS Morningstar (or, if not rated by DBRS Morningstar, then at least an equivalent rating
by two (2) other NRSROs), except in the case of Computershare Trust Company, National Association, so long as it has a long-term senior
unsecured debt rating or long-term issuer rating of at least “BBB” by at least one NRSRO and (B) a rating on its long-term
senior unsecured debt of at least “Baa3” by Moody’s or an issuer rating of “Baa3” by Moody’s (or,
in the case of any Rating Agency’s requirement set forth above in this sentence, such other rating with respect to which each Rating
Agency has provided a Rating Agency Confirmation). If a corporation or association publishes reports of condition at least annually, pursuant
to law or to the requirements of the aforesaid supervising or examining authority, then for purposes of this Section the combined
capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report
of condition so published. In the event that the place of business from which the Trustee or the Certificate Administrator, as applicable,
administers the Trust Fund is a state or local jurisdiction that imposes a tax on the Trust Fund or the net income of a Trust REMIC (other
than a tax corresponding to a tax imposed under the REMIC Provisions) the Trustee or the Certificate Administrator, as applicable,
shall elect either to (i) resign immediately in the manner and with the effect specified in Section 8.07, (ii) pay such
tax from its own funds and continue as Trustee or Certificate Administrator, as applicable, or (iii) administer the Trust Fund from
a state and local jurisdiction that does not impose such a tax. In case at any time the Trustee or the Certificate Administrator shall
cease to be eligible in accordance with the provisions of this Section, the Trustee or the Certificate Administrator, as applicable, shall
resign immediately in the manner and with the effect specified in Section 8.07.

Section 8.07              Resignation
and Removal of the Trustee or the Certificate Administrator. Each of the Trustee and the Certificate Administrator may at any time
resign and be discharged from the trusts hereby created by giving written notice thereof to the other such party, the Depositor, the
Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Certificateholders, the Uncertificated
VRR Interest Owner, the Loan-Specific Certificateholders, the Serviced Companion Loan Holders and, for posting to the Rule 17g-5
Information Provider’s Website pursuant to Section 12.13 of this Agreement, the

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Rule 17g-5 Information Provider. Upon
such notice of resignation, the Depositor shall use reasonable efforts to appoint a successor Trustee or the Certificate Administrator,
as applicable, with respect to which the Rating Agencies have provided a Rating Agency Confirmation to the resigning Trustee or Certificate
Administrator, as applicable, and the successor Trustee or Certificate Administrator, as applicable. If no successor Trustee or Certificate
Administrator, as applicable, shall have been so appointed and have accepted appointment within 90 days after the giving of such
notice of resignation, the resigning Trustee or Certificate Administrator, as applicable, may petition any court of competent jurisdiction
for the appointment of a successor Trustee or Certificate Administrator, as applicable, and such petition will be an expense of the Trust
Fund. Except as set forth in the immediately preceding sentence, the Trustee or the Certificate Administrator, as applicable, shall bear
all reasonable out-of-pocket costs and expenses of each other party hereto and each Rating Agency in connection with its resignation
(including, but not limited to, the costs of assigning Trust Loans by reason of change in Trustee).

If at any time either the
Trustee or the Certificate Administrator is required to resign in accordance with the provisions of Section 3.33 and shall fail
to resign after written request therefor by the Depositor or Master Servicer, or shall cease to be eligible in accordance with the provisions
of Section 8.06 and shall fail to resign after written request therefor by the Depositor or Master Servicer, or if at any
time either the Trustee or the Certificate Administrator shall become incapable of acting, or shall be adjudged bankrupt or insolvent,
or a receiver of the Trustee or the Certificate Administrator, as applicable, or of its property shall be appointed, or any public officer
shall take charge or control of the Trustee or the Certificate Administrator, as applicable, or of its property or affairs for the purpose
of rehabilitation, conservation or liquidation, then the Depositor may remove the Trustee or the Certificate Administrator, as applicable,
and promptly appoint a successor Trustee or the Certificate Administrator, as applicable, by written instrument, which shall be delivered
to the Trustee or the Certificate Administrator, as applicable, so removed and to the successor Trustee or Certificate Administrator,
as applicable. The Holders of Certificates entitled to more than 50% of the Voting Rights allocated to all of the Certificates may at
any time, with prior written notice, remove the Trustee or the Certificate Administrator and appoint a successor Trustee or the Certificate
Administrator, as applicable, by written instrument or instruments, in five originals, signed by such Holders or their attorneys-in-fact
duly authorized, one complete set of which instruments shall be delivered to the Depositor, one complete set to the Master Servicer, one
complete set to the Trustee (in connection with the removal of the Certificate Administrator), one complete set to the Certificate Administrator
(in connection with the removal of the Trustee), one complete set to the Trustee or Certificate Administrator, as applicable, so removed
and one complete set to the successor Trustee or Certificate Administrator, as applicable, so appointed, and a copy thereof shall be delivered
to the Serviced Companion Loan Holders.

In the event that the Trustee
or the Certificate Administrator is terminated or removed pursuant to this Section 8.07, all of its rights and obligations
under this Agreement and in and to the Mortgage Loans or Serviced Whole Loans shall be terminated, other than any rights or obligations
that accrued prior to the date of such termination or removal (including the right to receive all fees, expenses and other amounts (including
Advances and any accrued interest thereon) accrued or owing to it under this Agreement, with respect to periods prior to the date of such
termination or removal, and no termination without cause shall be effective until the payment of such amounts to the Trustee or the Certificate
Administrator, as applicable). The Trustee or the Certificate Administrator, as applicable, will bear all reasonable out-of-pocket
costs and expenses

    	 	- 474 -	 

     

    

of each other party hereto and each Rating
Agency in connection with its termination or removal; provided that if the Trustee or the Certificate Administrator, as applicable,
is terminated without cause by the Holders of Certificates evidencing more than 50% of the Voting Rights allocated to all of the Certificates
as provided in the immediately preceding paragraph, then such Holders will be required to pay all the reasonable costs and expenses of
the Trustee or the Certificate Administrator, as applicable, necessary to effect the transfer of the rights and obligations (including,
if applicable, custody of any Mortgage Files in its possession) of the Trustee or Certificate Administrator, as applicable, to a successor
trustee or certificate administrator.

Any resignation or removal
of the Trustee or the Certificate Administrator and appointment of a successor Trustee or Certificate Administrator, as applicable, pursuant
to any of the provisions of this Section 8.07 shall not become effective until (i) acceptance of appointment by the successor
Trustee or successor Certificate Administrator, as applicable, as provided in Section 8.08 and (ii) the filing by or on behalf
of the Trust of a Form 8-K with respect to such resignation, removal and/or appointment as contemplated by the fifth paragraph of
Section 10.07.

Upon the resignation or
upon the termination of the Trustee, (i) the outgoing Trustee shall (subject to the terms of the third paragraph of this Section 8.07),
at its own expense, ensure that prior to its transfer of duties to any successor (to the extent such Loan Document was assigned or endorsed
to the Trustee), (A) the original executed Note for each Trust Loan, is endorsed (without recourse, representation or warranty,
express or implied) to the order of the successor, as trustee for the registered Holders of Citigroup Commercial Mortgage Trust 2022-GC48,
Commercial Mortgage Pass-Through Certificates, Series 2022-GC48, and the Uncertificated VRR Interest Owner or in blank, and (B) in
the case of the other Loan Documents, are assigned (and, other than in connection with the removal of the Trustee without cause, recorded
as appropriate) to such successor, and such successor shall review the documents delivered to it or the Custodian with respect to each
Trust Loan, and certify in writing that, as to each Trust Loan then subject to this Agreement, such endorsement and assignment has been
made; and (ii) if any original executed Note for a Trust Loan was not endorsed to the outgoing Trustee, the Custodian shall deliver such
Note to the successor trustee and the Custodian shall cooperate with any successor trustee to ensure that such Note is endorsed (without
recourse, representation or warranty, express or implied) to the order of the successor trustee, as trustee for the registered Holders
of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48, and the Uncertificated
VRR Interest Owner or in blank. The outgoing Trustee shall provide copies of the documentation provided for in items (i)(A) and (B) above
to the Master Servicer, in each case to the extent such copies are not already in the Master Servicer’s possession. If any assignable
Loan Document (other than the Note) was not assigned to the outgoing Trustee or if the Trustee is removed without cause, with respect
to the Loan Documents identified in clause (i)(B) of the preceding sentence the Custodian shall deliver such Loan Document to
the successor trustee and, if appropriate, such Loan Document shall be recorded by the successor trustee if so required by the Master
Servicer or the Special Servicer and at the expense of the Trust (for so long as no Control Termination Event is continuing, with the
consent of the Controlling Class Representative, and during the continuance of a Control Termination Event but prior to the occurrence
and continuance of a Consultation Termination Event, after consultation with the Controlling Class Representative).

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Section 8.08        Successor Trustee or Successor Certificate Administrator.

(a)              
Any successor Trustee or Certificate Administrator appointed as provided in Section 8.07 of this Agreement shall execute,
acknowledge and deliver to the Depositor, the Master Servicer, the Special Servicer and to the predecessor Trustee or Certificate Administrator,
as applicable, as the case may be, instruments accepting their appointment hereunder, and thereupon the resignation or removal of the
predecessor Trustee or Certificate Administrator, as applicable, shall become effective and such successor Trustee or Certificate Administrator,
as applicable, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations
of its predecessor hereunder, with the like effect as if originally named as Trustee or Certificate Administrator, as applicable, herein,
provided that a Rating Agency Confirmation shall be obtained from each Rating Agency with respect to the appointment of such successor
Trustee or Certificate Administrator. In connection with the appointment of a successor Certificate Administrator, the predecessor Certificate
Administrator (or a Custodian appointed by it) shall deliver to the successor Certificate Administrator all Mortgage Files and related
documents and statements held by it hereunder. The Depositor, the Master Servicer, the Special Servicer, the Operating Advisor and the
predecessor Trustee or Certificate Administrator, as applicable, shall execute and deliver such instruments and do such other things as
may reasonably be required for more fully and certainly vesting and confirming in the successor Trustee or Certificate Administrator,
as applicable, all such rights, powers, duties and obligations. No successor Trustee or Certificate Administrator shall accept appointment
as provided in this Section 8.08 unless at the time of such acceptance such successor Trustee or Certificate Administrator,
as applicable, shall be eligible under the provisions of Section 8.06. In no event may the Operating Advisor, the Asset Representations
Reviewer or any of their Affiliates be appointed as successor Trustee or successor Certificate Administrator.

Upon acceptance of appointment
by a successor Trustee or Certificate Administrator, as applicable, as provided in this Section 8.08, the Depositor shall
mail notice of the succession of such Trustee or Certificate Administrator, as applicable, hereunder to all Holders of Certificates at
their addresses as shown in the Certificate Register, to the Uncertificated VRR Interest Owner and to the Companion Loan Holders. If the
Depositor fails to mail such notice within 10 days after acceptance of appointment by the successor Trustee or Certificate Administrator,
the successor Trustee or Certificate Administrator, as applicable, shall cause such notice to be mailed at the expense of the Depositor.

(b)              
Any successor Trustee or Certificate Administrator appointed pursuant to this Agreement shall satisfy the eligibility requirements
set forth in Section 8.06 hereof.

Section 8.09              Merger
or Consolidation of the Trustee or the Certificate Administrator. Any entity into which the Trustee or the Certificate Administrator
may be merged or converted, or with which the Trustee or the Certificate Administrator, as applicable, may be consolidated, or any entity
resulting from any merger, conversion or consolidation to which the Trustee or the Certificate Administrator, as applicable, shall be
a party, or any entity succeeding to the corporate trust business of the Trustee or the Certificate Administrator, as applicable, shall
be the successor of the Trustee or the Certificate Administrator, as applicable, hereunder, provided

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such entity shall be eligible under the provisions
of Section 8.06 without the execution or filing of any paper or any further act on the part of any of the parties hereto,
anything herein to the contrary notwithstanding.

Section 8.10              Appointment
of Co-Trustee or Separate Trustee. Notwithstanding any other provisions hereof, at any time, for the purpose of meeting any legal
requirements of any jurisdiction in which any part of the Trust Fund, the assets thereof or any property securing the same may at the
time be located, the Depositor and the Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint
one or more Persons to act (at the expense of (i) the Trustee, if the need to appoint such co-trustee(s) arises from any change
in or matter relating to the identity, organization, status, power, conflicts, internal policy or other development or matter with respect
to the Trustee, and/or (ii) the Trust Fund, if the need to appoint such co-trustee(s) arises from a change in applicable law
or the identity, status or power of the Trust Fund; provided, however, that in the event the need to appoint such co-trustee(s)
arises from a combination of the events described in clause (i) and clause (ii), the expense shall be split evenly between
the Trustee and the Trust Fund; and provided, further, that in the event the need to appoint such co-trustee(s) arises
from none of the events described in clause (i) and clause (ii), such appointment shall be at the expense of the Trust
Fund) as co-trustee or co-trustees, jointly with the Trustee, or separate trustee or separate trustees, of all or any
part of the Trust Fund, and to vest in such Person or Persons, in such capacity, such title to the Trust Fund, or any part thereof, and,
subject to the other provisions of this Section 8.10, such powers, duties, obligations, rights and trusts as the Depositor
and the Trustee may consider necessary or desirable. If the Depositor shall not be in existence or shall not have joined in such appointment
within 15 days after the receipt by it of a request so to do, or in case a Servicer Termination Event shall have occurred and
be continuing, the Trustee alone shall have the power to make such appointment. Except as required by applicable law, the appointment
of a co-trustee or separate trustee shall not relieve the Trustee of its responsibilities, obligations and liabilities hereunder.
No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor Trustee under Section 8.06
hereunder and no notice to Holders of Certificates or the Uncertificated VRR Interest Owner of the appointment of co-trustee(s) or
separate trustee(s) shall be required under Section 8.08 hereof.

In the case of any appointment
of a co-trustee or separate trustee pursuant to this Section 8.10, all rights, powers, duties and obligations conferred
or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee or
co-trustee jointly (it being understood that such separate trustee or co-trustee is not authorized to act separately without the
Trustee joining in such act), except to the extent that under any law of any jurisdiction in which any particular act or acts are to be
performed (whether as Trustee hereunder or as successor to the Master Servicer hereunder), the Trustee shall be incompetent or unqualified
to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Trust Fund
or any portion thereof in any such jurisdiction) shall be exercised and performed by such separate trustee or co-trustee solely
at the direction of the Trustee.

The Depositor and the Trustee
acting jointly may at any time accept the resignation of or remove any separate trustee or co-trustee, or if the separate trustee
or co-trustee is an employee of the Trustee, the Trustee acting alone may accept the resignation of or remove any separate trustee
or co-trustee.

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Any notice, request or other
writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively
as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the
conditions of this Article VIII. Every such instrument shall be filed with the Trustee. Each separate trustee and co-trustee,
upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment,
either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically
including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee.
In no event shall any such separate trustee or co-trustee be entitled to any provision relating to the conduct of, affecting the liability
of, or affording protection to, such separate trustee or co-trustee that imposes a standard of conduct less stringent than that imposed
on the Trustee hereunder, affording greater protection than that afforded to the Trustee hereunder or providing a greater limit on liability
than that provided to the Trustee hereunder.

Any separate trustee or co-trustee
may, at any time, constitute the Trustee its agent or attorney-in-fact, with full power and authority, to the extent not prohibited
by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in
and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee.

Section 8.11           
Access to Certain Information.

(a)              
The Trustee, the Certificate Administrator and the Custodian shall afford to any Privileged Person (including the Operating Advisor
and the related Directing Holder) access to any documentation (other than any Privileged Information) regarding the Trust Loans or the
other assets of the Trust Fund that are in its possession or within its control. Such access shall be afforded without charge but only
upon reasonable prior written request and during normal business hours at the offices of the Trustee, the Certificate Administrator or
the Custodian, as applicable.

(b)              
The Certificate Administrator shall maintain at its offices (or, in the case of the Mortgage Files, the Certificate Administrator
shall maintain or cause to be maintained at its offices or the offices of a Custodian appointed by it) (and, upon reasonable prior written
request and during normal business hours, shall make available or cause to be made available) for review by any Privileged Person originals
and/or copies of the following items (to the extent such items were prepared by or delivered to the Certificate Administrator (or a Custodian
appointed by it)):

(i)                
the Prospectus;

(ii)               
this Agreement, each Sub-Servicing Agreement delivered to the Certificate Administrator since the Closing Date (if any), the
Mortgage Loan Purchase Agreements and any amendments and exhibits hereto or thereto;

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(iii)           
 all Certificate Administrator reports made available to holders of each relevant Class of Certificates since the Closing
Date;

(iv)               all Distribution Date Statements and all CREFC® reports actually delivered or otherwise made available to Certificateholders
pursuant to Section 4.02 of this Agreement since the Closing Date;

(v)                 the
annual assessments as to compliance (in the case of the Master Servicer and the Special Servicer) and the Officer’s Certificates
delivered by the Master Servicer and the Special Servicer to the Certificate Administrator since the Closing Date pursuant to Section 10.10
of this Agreement;

(vi)             
the annual independent public accountants’ servicing report caused to be delivered by the Master Servicer and the Special
Servicer to the Certificate Administrator since the Closing Date pursuant to Section 10.10 of this Agreement;

(vii)            
the most recent inspection report prepared by or on behalf of the Master Servicer or the Special Servicer, as applicable, and delivered
to the Certificate Administrator in respect of each Mortgaged Property pursuant to Section 3.18 of this Agreement;

(viii)           
any and all notices and reports delivered to the Certificate Administrator with respect to any Mortgaged Property as to which the
environmental testing contemplated by Section 3.10(e) of this Agreement revealed that neither of the conditions set forth
in clauses (i) and (ii) thereof was satisfied;

(ix)             
the Mortgage Files, including any and all modifications, waivers and amendments of the terms of the Mortgage Loans (or the Serviced
Whole Loans) entered into or consented to by the Master Servicer, the Special Servicer, any Outside Servicer or any Outside Special Servicer
and delivered to the Certificate Administrator (or a Custodian appointed by it) pursuant to Section 3.24 of this Agreement;

(x)               
the summary of each Final Asset Status Report delivered to the Certificate Administrator pursuant to Section 3.21(b)
of this Agreement and the annual, quarterly and monthly operating statements, if any, collected by or on behalf of the Master Servicer
or the Special Servicer, as applicable, and delivered to the Certificate Administrator for each Mortgaged Property, together with the
other information specified in Section 4.02(b) of this Agreement;

(xi)            
any and all Officer’s Certificates and other evidence delivered to or by the Certificate Administrator to support its or
the Master Servicer’s, as the case may be, determination that any Advance was (or, if made, would be) a Nonrecoverable Advance;

(xii)           
notice of termination or resignation of the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer, the

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Certificate Administrator, the Trustee,
any Outside Servicer, any Outside Special Servicer or any Outside Trustee (and appointments of successors thereto);

(xiii)       
      all Special Notices;

(xiv)         
any Third Party Reports (or updates of Third Party Reports) delivered to the Certificate Administrator in electronic format; and

(xv)          
any other information that may be necessary to satisfy the requirements of subsection (d)(4)(i) of Rule 144A;

provided that any such Privileged Person
that is a Certificateholder or Certificate Owner shall have delivered to the Certificate Administrator an appropriate Investor Certification;
and provided, further, that in no event shall an Excluded Controlling Class Holder be entitled to Excluded Information
with respect to an Excluded Controlling Class Mortgage Loan with respect to which it is a Borrower Party.

Subject to the two (2) provisos
to the previous sentence, the Certificate Administrator shall provide, or cause to be provided, copies of any and all of the foregoing
items upon reasonable written request of any of the parties set forth in the previous sentence.

The Certificate Administrator
shall not be liable for providing or disseminating information in accordance with the terms of this Agreement.

Article
IX

TERMINATION; OPTIONAL MORTGAGE LOAN PURCHASE

Section 9.01           
Termination; Optional Trust Loan Purchase.

(a)              
The respective obligations and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor,
the Asset Representations Reviewer, the Certificate Administrator and the Trustee created hereby with respect to the Certificates, the
Loan-Specific Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation
to make certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated
VRR Interest Owner as hereinafter set forth and to make any required remittances to the Serviced Companion Loan Holders in the month in
which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the earlier to
occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of the Class R
Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant to subsection (c),
(ii) the exchange by the Remaining Certificateholder of its Certificates, Loan-Specific Certificates and the Uncertificated VRR Interest
for all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant to subsection (h)
and (iii) the final payment or other liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or
interest therein) contained in the Trust Fund; provided, however, that in no event shall the trust

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created hereby continue beyond the expiration
of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United
States to the United Kingdom, living on the date hereof. All such payments as contemplated by the preceding paragraph shall be deposited
into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly following receipt thereof.

(b)              
In connection with a termination contemplated by Section 9.01(a) of this Agreement, the Trust REMICs outstanding shall
be terminated and the assets of the Lower-Tier REMIC and the Trust Subordinate Companion Loan REMIC shall be sold or otherwise disposed
of in connection therewith, pursuant to a “plan of complete liquidation” within the meaning of Code Section 860F(a)(4)(A) providing
for the actions contemplated by the provisions hereof pursuant to which the applicable Notice of Termination is given and requiring that
the assets of the Lower-Tier REMIC and the Trust Subordinate Companion Loan REMIC shall be sold for cash and that each such Trust
REMIC shall terminate on a Distribution Date occurring not more than 90 days following the date of adoption of the plan of complete
liquidation. For purposes of this Section 9.01(b), the Notice of Termination given pursuant to Section 9.01(c) shall
constitute the adoption of the plan of complete liquidation as of the date such notice is given, which date shall be specified by the
Certificate Administrator in the final federal income tax returns of each Trust REMIC. Notwithstanding the termination of the Trust REMICs,
or the Trust Fund, the Certificate Administrator shall be responsible for filing the final Tax Returns for the Trust REMICs and for the
Grantor Trust for the period ending with such termination, and shall maintain books and records with respect to the Trust REMICs and the
Grantor Trust for the period for which it maintains its own tax returns or other reasonable period.

(c)              
The Holders of the Controlling Class representing greater than 50% of the Certificate Balance of the Controlling Class may
(or, if such Holders do not, the Special Servicer, or if neither such Holders nor the Special Servicer do, the Master Servicer or, if
none of such Holders, the Special Servicer or the Master Servicer does, any Holders of Class R Certificates representing greater
than a 50% Percentage Interest in such Class, may also) effect an early termination of the Trust Fund, upon not less than 30 days’
prior notice given to the parties (or, if applicable, the other parties) to this Agreement (whereupon the Master Servicer shall notify
the Serviced Companion Loan Holders) any time on or after the Early Termination Notice Date specifying the Anticipated Termination Date,
by purchasing on such date all, but not less than all, of the Trust Loans (and in the case of any such Trust Loan that is part of a Serviced
Whole Loan, subject to certain rights of the related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement)
then included in the Trust Fund, and all property acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest
in any REO Property acquired with respect to any Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust
Fund, at a purchase price, payable in cash, equal to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable
out-of-pocket expenses of the Master Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer
(unless the Special Servicer is the purchaser of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with
respect to such termination, minus (ii) solely in the case where the Master Servicer or the Special Servicer is effecting

    	 	- 481 -	 

     

    

such purchase, the aggregate amount of
unreimbursed Advances, if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and
payable to the Master Servicer or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special
Servicing Fees, as applicable, remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer
or the Special Servicer, as applicable, in connection with such purchase).

Any Person(s) effecting an
early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to this Agreement or by the Trust Fund in connection with the purchase of
the Trust Loans and other assets of the Trust Fund pursuant to this Section 9.01(c) shall be borne by the party exercising
its purchase rights hereunder. The Certificate Administrator shall be entitled to rely conclusively on any determination made by an Appraiser
pursuant to this subsection (c).

(d)              
If the Trust Fund has not been previously terminated pursuant to subsection (c) or subsection (h) of this Section 9.01,
the Certificate Administrator shall determine as soon as practicable the Distribution Date on which the Certificate Administrator reasonably
anticipates, based on information with respect to the Mortgage Loans previously provided to it, that the final distribution will be made
(i) to the Holders of outstanding Regular Certificates (exclusive of the Class VRR Certificates), to the Holders of outstanding Loan-Specific
Certificates, to the Holders of outstanding Class VRR Certificates and the Uncertificated VRR Interest Owner and to the Certificate
Administrator in respect of the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests, notwithstanding
that such distribution may be insufficient to distribute in full an amount equal to the remaining Certificate Balance, Uncertificated
VRR Interest Balance, Lower-Tier Principal Balance or Yorkshire & Lexington Towers Principal Balance, as applicable, of each such
Class of Certificates, each of such Class of Loan-Specific Certificates, the Uncertificated VRR Interest, and each such Lower-Tier
Regular Interests and Trust Subordinate Companion Loan Regular Interests, together with amounts required to be distributed on such Distribution
Date pursuant to Section 4.01 of this Agreement (or, if the Regular Certificates, the Loan-Specific Certificates and
the Uncertificated VRR Interest are no longer outstanding, to the Holders of the Class R Certificates) and (ii) to the Holders of
the Grantor Trust Certificates and the Uncertificated VRR Interest Owner, of any amount remaining in the Collection Account, the Lower-Tier
REMIC Distribution Account, the Upper-Tier REMIC Distribution Account, the Excess Interest Distribution Account and/or the Excess
Liquidation Proceeds Reserve Account, as applicable, in any case, following the later to occur of (a) the receipt or collection of
the last payment due on any Trust Loan included in the Trust Fund or (b) the liquidation or disposition pursuant to Section 3.17
of this Agreement of the last asset held by the Trust Fund.

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(e)              
 Notice of any termination of the Trust Fund pursuant to this Section 9.01 shall be mailed by the Certificate Administrator
to affected Certificateholders and the Uncertificated VRR Interest Owner at their addresses shown in the Certificate Register (with a
copy to the Master Servicer, the Special Servicer and, for posting to the Rule 17g-5 Information Provider’s Website pursuant
to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider) as soon as practicable after the Certificate
Administrator shall have received, given or been deemed to have received a Notice of Termination but in any event not more than thirty days,
and not less than ten days, prior to the Anticipated Termination Date. The notice mailed by the Certificate Administrator to affected
Certificateholders and the Uncertificated VRR Interest Owner shall:

(i)                
specify the Anticipated Termination Date on which the final distribution is anticipated to be made to Holders of Certificates of
the Classes specified therein and the Uncertificated VRR Interest Owner;

(ii)                
specify the amount of any such final distribution, if known; and

(iii)             
state that the final distribution to Certificateholders will be made only upon presentation and surrender of Certificates at the
office of the Paying Agent therein specified and to the Uncertificated VRR Interest Owner only upon delivery of a written instrument surrendering
the Uncertificated VRR Interest and acknowledging that such distribution is the final distribution.

If the Trust Fund is not
terminated on any Anticipated Termination Date for any reason, the Certificate Administrator shall promptly mail notice thereof to each
affected Certificateholder.

(f)                
Any funds not distributed on the Termination Date because of the failure of any Certificateholders to tender their Certificates
or the failure of the Uncertificated VRR Interest Owner to surrender the Uncertificated VRR Interest shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders or the non-surrendering Uncertificated VRR Interest Owner, whereupon
the Trust Fund shall terminate. If any Certificates or Uncertificated VRR Interest as to which notice of the Termination Date has been
given pursuant to this Section 9.01 shall not have been surrendered for cancellation within six months after the time specified in
such notice, the Certificate Administrator shall mail a second notice to the remaining Certificateholders or Uncertificated VRR Interest
Owner, as applicable, at their last addresses shown in the Certificate Register, to surrender their Certificates or Uncertificated VRR
Interest, as applicable, for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within
one year after the second notice any Certificate or Uncertificated VRR Interest shall not have been surrendered for cancellation, the
Certificate Administrator may, directly or through an agent, take appropriate steps to contact the remaining Certificateholders or Uncertificated
VRR Interest Owner, as applicable, concerning surrender of their Certificates or Uncertificated VRR Interest, as applicable. The costs
and expenses of maintaining such funds and of contacting Certificateholders or Uncertificated VRR Interest Owner shall be paid out of
the assets which remain held. Subject to applicable state law with respect to escheatment of funds,

    	 	- 483 -	 

     

    

if within two years after the second
notice any Certificates or Uncertificated VRR Interest shall not have been surrendered for cancellation, the Paying Agent shall pay to
the Class R Certificateholders all amounts distributable to the Holders thereof or the Uncertificated VRR Interest Owner, as applicable.
No interest shall accrue or be payable to any Certificateholder or the Uncertificated VRR Interest Owner on any amount held as a result
of such Certificateholder’s failure to surrender its Certificate(s) or the Uncertificated VRR Interest Owner’s failure to
surrender the Uncertificated VRR Interest, as applicable, for final payment thereof in accordance with this Section 9.01.

(g)                 For
purposes of this Section 9.01, the Remaining Certificateholder shall have the first option to terminate the Trust Fund
pursuant to subsection (h), and then the Holders of the Controlling Class representing more than 50% of the Certificate
Balance of the Controlling Class, and then the Special Servicer, and then the Master Servicer, and then the Holders of Class R
Certificates representing more than 50% of the Percentage Interests in such Class, in each of the last four cases, pursuant to subsection
(c).

(h)              
(i)Following the date on which the Class X-A Notional Amount, the Class X-D Notional Amount and the aggregate
Certificate Balance of the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S,
Class B, Class C, Class D and Class E Certificates are reduced to zero, the Remaining Certificateholder shall have
the right to exchange all of its Certificates (but excluding the Class S and Class R Certificates), the Uncertificated VRR Interest
and any Loan-Specific Certificates for all of the Trust Loans and each REO Property (and including the Trust Fund’s interest in
any REO Property acquired with respect to the Outside Serviced Mortgage Loans and/or the Serviced Whole Loans) remaining in the Trust
Fund as contemplated by clause (ii) of Section 9.01(a) by giving written notice to all the parties hereto no later
than 60 days prior to the anticipated date of exchange; provided that such Remaining Certificateholder shall pay the Master
Servicer an amount equal to (i) the product of (A) the Prime Rate, (B) the aggregate Certificate Balances of the then-outstanding
Principal Balance Certificates and the then-outstanding Loan-Specific Principal Balance Certificates as of the day of the exchange
and (C) three, divided by (ii) 360. In the event that the Remaining Certificateholder elects to exchange all of the Certificates
(other than the Class S and Class R Certificates), the Uncertificated VRR Interest and any Loan-Specific Certificates for
all of the Trust Loans and each REO Property (and including the Trust Fund’s interest in any REO Property acquired with respect
to the Outside Serviced Mortgage Loans and/or the Serviced Whole Loans) remaining in the Trust Fund in accordance with the preceding sentence,
such Remaining Certificateholder, not later than the Termination Date, shall deposit in the Collection Account an amount in immediately
available funds equal to all amounts due and owing to the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor,
the Certificate Administrator and the Trustee hereunder through the date of the liquidation of the Trust Fund that may be withdrawn from
the Collection Account or a Distribution Account, but only to the extent that such amounts are not already on deposit in the Collection
Account. Upon confirmation that such final deposits have been made and following the surrender of all remaining Certificates (other than
the Class S and Class R Certificates), the Uncertificated VRR Interest and any Loan-Specific Certificates by the Remaining Certificateholder
on the Termination Date, the Custodian shall, upon receipt of a Request for Release from the Master Servicer, release or

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cause to be released to the
Remaining Certificateholder or any designee thereof, the Mortgage Files for the remaining Trust Loans and shall execute all
assignments, endorsements and other instruments furnished to it by the Remaining Certificateholder as shall be necessary to
effectuate transfer of the Trust Loans and REO Properties (and including the Trust Fund’s interest in any REO Property
acquired with respect to the Outside Serviced Mortgage Loans and/or the Serviced Whole Loans) remaining in the Trust Fund, and the
Trust Fund shall be liquidated in accordance with this Section 9.01. Thereafter, the Trust Fund and the respective
obligations and responsibilities under this Agreement of the Depositor, the Master Servicer, the Special Servicer, the Operating
Advisor, the Certificate Administrator and the Trustee (other than the making of certain payments to Certificateholders, the
Uncertificated VRR Interest Owner, the Loan-Specific Certificateholders and Serviced Companion Loan Holders, sending of certain
notices, the maintenance of books and records and the preparation and filing of final tax returns), shall terminate. Such transfers
shall be subject to any rights of any Sub-Servicers to service (or to perform select servicing functions with respect
to) the Trust Loans. For federal income tax purposes, the Remaining Certificateholder shall be deemed to have purchased the
assets of the Lower-Tier REMIC and the Trust Subordinate Companion Loan REMIC for an amount equal to the remaining Certificate
Balance of its remaining Certificates (other than the Class S and Class R Certificates) and Loan-Specific Certificates
and the principal amount of the Uncertificated VRR Interest, plus accrued and unpaid interest with respect thereto, and the
Certificate Administrator shall credit such amounts against amounts distributed in respect of the Lower-Tier Regular Interests,
the Trust Subordinate Companion Loan Regular Interests and such Certificates, Loan-Specific Certificates and the Uncertificated VRR
Interest. The remaining Trust Loans and REO Properties (or the Trust’s interests therein) are deemed distributed to the
Remaining Certificateholder in liquidation of the Trust Fund pursuant to this Section 9.01.

(ii)                
Following the date on which (A) the aggregate of the Certificate Balances of the Class YL-A and Class YL-B Certificates
has been reduced to zero and (B) there is only one Holder (or multiple Holders acting unanimously) of the Loan-Specific Certificates (the
“Yorkshire & Lexington Towers Remaining Certificateholder”), the Yorkshire & Lexington Towers Remaining Certificateholder
shall have the right to exchange all of its Loan-Specific Certificates for the Trust Subordinate Companion Loan by giving written notice
to all the parties hereto no later than 60 days prior to the anticipated date of exchange; provided that such Yorkshire & Lexington
Towers Remaining Certificateholder shall pay the Master Servicer an amount equal to (i) the product of (A) the Prime Rate, (B) the
aggregate Certificate Balance of the then outstanding Loan-Specific Principal Balance Certificates as of the day of the exchange and (C) three,
divided by (ii) 360. In the event that the Yorkshire & Lexington Towers Remaining Certificateholder elects to exchange all of the
Loan-Specific Certificates for the Trust Subordinate Companion Loan in accordance with the preceding sentence, such Yorkshire & Lexington
Towers Remaining Certificateholder, not later than the Termination Date, shall deposit in the Collection Account an amount in immediately
available funds equal to all amounts allocable to the Trust Subordinate Companion Loan or the Loan-Specific Certificates due and owing
to the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate

    	 	- 485 -	 

     

    

Administrator and the Trustee hereunder
through the date of the liquidation of the Trust Subordinate Companion Loan REMIC that may be withdrawn from the Collection Account, but
only to the extent that such amounts are not already on deposit in the Collection Account. Upon confirmation that such final deposits
have been made and following the surrender of all remaining Loan-Specific Certificates by the Yorkshire & Lexington Towers Remaining
Certificateholder on the designated date for the exchange, the Custodian shall, upon receipt of a Request for Release from the Master
Servicer, release or cause to be released to the Yorkshire & Lexington Towers Remaining Certificateholder or any designee thereof,
the Mortgage Note (and, if the rest of The Yorkshire & Lexington Towers Whole Loan has been paid off, the entire related Mortgage
File) for the Trust Subordinate Companion Loan and shall execute all assignments, endorsements and other instruments furnished to it by
the Yorkshire & Lexington Towers Remaining Certificateholder as shall be necessary to effectuate transfer of the Trust Subordinate
Companion Loan, and the Trust Subordinate Companion Loan REMIC shall be liquidated in accordance with this Section 9.01. Thereafter,
the respective obligations and responsibilities under this Agreement of the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Certificate Administrator and the Trustee (other than the making of certain payments to Loan-Specific Certificateholders,
sending of certain notices, the maintenance of books and records and the preparation and filing of final tax returns) with respect to
the Loan-Specific Certificates, shall terminate (including any obligation to make P&I Advances on the Trust Subordinate Companion
Loan). For federal income tax purposes, the Yorkshire & Lexington Towers Remaining Certificateholder shall be deemed to have purchased
the assets of the Trust Subordinate Companion Loan REMIC for an amount equal to the remaining Certificate Balance of its remaining Loan-Specific
Certificates, plus accrued and unpaid interest with respect thereto, and the Certificate Administrator shall credit such amounts against
amounts distributed in respect of the Trust Subordinate Companion Loan Regular Interests and such Loan-Specific Certificates. the Trust
Subordinate Companion Loan and any other assets of the Trust Subordinate Companion Loan REMIC are deemed distributed to the Yorkshire
& Lexington Towers Remaining Certificateholder in liquidation of the Trust Subordinate Companion Loan REMIC pursuant to this Section 9.01.

(iii)            
(A) With respect to the Trust Subordinate Companion Loan, a Holder of the related Loan-Specific Certificates owning a majority
of the Percentage Interests of the related then-outstanding Loan-Specific Controlling Class may (or, if such Holder does not, the
Special Servicer, or if neither such Holder nor the Special Servicer do, the Master Servicer, may also) effect an early termination of
the Trust Subordinate Companion Loan REMIC, upon not less than 30 days’ prior notice given to the parties (or, if applicable,
the other parties) to this Agreement any time on or after any Distribution Date on which the aggregate Stated Principal Balance of the
Trust Subordinate Companion Loan is less than 1% of the Stated Principal Balance of the Trust Subordinate Companion Loan as of the Cut-off
Date, by purchasing on the designated date the Trust Subordinate Companion Loan and the other assets of the Trust Subordinate Companion
Loan REMIC at a purchase price, payable in cash, equal to (i) the sum of (1) the applicable Purchase Price and

    	 	- 486 -	 

     

    

(2) the reasonable out of pocket expenses
of the Master Servicer (unless the Master Servicer is the purchaser of the Trust Subordinate Companion Loan), the Special Servicer (unless
the Special Servicer is the purchaser of the Trust Subordinate Companion Loan), the Trustee and the Certificate Administrator, as applicable,
with respect to such purchase, minus (ii) solely in the case where the Master Servicer or the Special Servicer is effecting such purchase,
the aggregate amount of unreimbursed related Advances, if any, made by the Master Servicer or Special Servicer, as applicable, together
with any interest accrued and payable to the Master Servicer or the Special Servicer, as applicable, in respect of such Advances and any
unpaid related Servicing Fees or Special Servicing Fees, as applicable, remaining outstanding with respect to the Trust Subordinate Companion
Loan (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable, in connection
with such purchase).

(B)             
In connection with a termination contemplated by Section 9.01(h)(iii)(A) of this Agreement, the Trust Subordinate Companion
Loan REMIC shall be terminated and the assets of the Trust Subordinate Companion Loan REMIC shall be sold or otherwise disposed of in
connection therewith pursuant to a “plan of complete liquidation” within the meaning of Code Section 860F(a)(4)(A) providing
for the actions contemplated by the provisions hereof pursuant to which the applicable notice of termination is given and requiring that
the assets of the Trust Subordinate Companion Loan REMIC shall be sold for cash and that the Trust Subordinate Companion Loan REMIC shall
terminate on a Distribution Date occurring not more than 90 days following the date of adoption of the plan of complete liquidation. For
purposes of this Section 9.01(h)(iii)(B), the notice given pursuant to Section 9.01(h)(iii)(A) shall constitute the adoption
of the plan of complete liquidation as of the date such notice is given, which date shall be specified by the Certificate Administrator
in the final federal income tax return of the Trust Subordinate Companion Loan REMIC. Notwithstanding the termination of the Trust Subordinate
Companion Loan REMIC, the Certificate Administrator shall be responsible for filing the final Tax Returns for the Trust Subordinate Companion
Loan REMIC for the period ending with such termination, and shall maintain books and records with respect to the Trust Subordinate Companion
Loan REMIC for the period for which it maintains its own tax returns or other reasonable period.

(iv)            
Any Person(s) effecting an early termination of the Trust Fund or the Trust Subordinate Companion Loan REMIC as provided in the
prior paragraphs shall first notify the Controlling Class Representative, the Loan-Specific Controlling Class Representative and
each Certifying Certificateholder, or, in the case of a termination by the Holder of a Class R Certificate, notify the Certificate
Administrator (who shall notify the Controlling Class Representative, the Loan-Specific Controlling Class Representative and each
Certifying Certificateholder) of its intention to do so in writing at least 30 days prior to the Anticipated Termination Date. All
costs and expenses incurred by any and all parties to this Agreement or

    	 	- 487 -	 

     

    

by the Trust Fund in connection with the
purchase of the Mortgage Loans, the Trust Subordinate Companion Loan and/or other assets of the Trust Fund pursuant to this Section 9.01(c)
shall be borne by the party exercising its purchase rights hereunder. The Certificate Administrator shall be entitled to rely conclusively
on any determination made by an Appraiser pursuant to this subsection(c).

Article
X

EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE

Section 10.01        
Intent of the Parties; Reasonableness. The parties hereto acknowledge and agree that the purpose of Article X of
this Agreement is to facilitate compliance by the Depositor and any Other Depositor with the provisions of Regulation AB and the related
rules and regulations of the Commission. The Depositor shall not, and no Other Depositor may, exercise its rights to request delivery
of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Act,
the Exchange Act and the Sarbanes-Oxley Act. The parties hereto acknowledge that interpretations of the requirements of Regulation
AB may change over time due to interpretive guidance provided by the Commission or its staff, and agree to comply with reasonable requests
made by the Depositor, or any Other Depositor, in good faith for delivery of information under these provisions on the basis of such evolving
interpretations of Regulation AB. In connection with the Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through
Certificates, Series 2022-GC48, and any Serviced Companion Loan Securities, each of the parties to this Agreement shall cooperate fully
with the Depositor, the Certificate Administrator, any Other Depositor and any Other Exchange Act Reporting Party, as applicable, to deliver
to the Depositor or Other Depositor, as applicable (including any of its assignees or designees), any and all statements, reports, certifications,
records and any other information in its possession or reasonably available to it and necessary in the reasonable good faith determination
of the Depositor, the Certificate Administrator, any Other Depositor or any Other Exchange Act Reporting Party, as applicable, to permit
the Depositor or any Other Depositor, as applicable, to comply with the provisions of Regulation AB, together with such disclosures relating
to the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian, the Certificate
Administrator and the Trustee, as applicable, and any Sub-Servicer, or the servicing of the Mortgage Loans and Serviced Whole Loans,
reasonably believed by the Depositor or any Other Depositor, as applicable, to be necessary in order to effect such compliance.

Section 10.02        
Succession; Sub-Servicers; Subcontractors.

(a)              
For so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act (in addition
to any requirements contained in Section 10.07 of this Agreement), in connection with the succession to the Master Servicer,
the Special Servicer or any Sub-Servicer as servicer or sub-servicer (to the extent such Sub-Servicer is a “servicer”
as contemplated by Item 1108(a)(2) of Regulation AB) or succession to the Certificate Administrator under this Agreement by any Person
(i) into which the Master Servicer, the Special Servicer, such Sub-Servicer or Certificate Administrator may be merged or consolidated,
or (ii) which may be appointed as a successor to the Master Servicer, the Special Servicer, any such Sub-Servicer or Certificate

    	 	- 488 -	 

     

    

Administrator, the Certificate Administrator
(or, in the case of a successor to the Certificate Administrator, the Trustee) shall provide to the Depositor, as well as any Other Depositor
as to which the applicable Companion Loan is affected, at least five (5) Business Days prior to the effective date of such succession
or appointment as long as such disclosure prior to such effective date would not be violative of any applicable law or confidentiality
agreement, otherwise no later than one (1) Business Day after such effective date, (x) written notice to the Depositor and each such
Other Depositor of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to the Depositor
and each such Other Depositor, all information relating to such successor (which such successor Master Servicer, Special Servicer, Sub-Servicer
or Certificate Administrator shall be required to provide) reasonably requested by the Depositor or any such Other Depositor in order
to comply with its reporting obligation under Item 6.02 of Form 8-K pursuant to the Exchange Act (if such reports under the Exchange
Act are required to be filed under the Exchange Act). The Certificate Administrator (or the Trustee, if applicable) shall provide similar
notice to the Depositor and each such Other Depositor in connection with any resignation or termination of the Master Servicer, the Special
Servicer, any Sub-Servicer or the Certificate Administrator. In addition, with respect to each Serviced Companion Loan, the Certificate
Administrator shall comply with the Trust’s obligations under each Co-Lender Agreement (including with respect to the provision
of any required notices) in connection with any resignation, termination, replacement or appointment of the Master Servicer, the Special
Servicer, any Sub-Servicer or the Certificate Administrator or any successor thereto.

(b)              
For so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, if the
Master Servicer, the Special Servicer, any Sub-Servicer, the Custodian, the Trustee and the Certificate Administrator (each of the
Master Servicer, the Special Servicer, the Custodian, the Trustee and the Certificate Administrator and each Sub-Servicer, for purposes
of this Section 10.02(b), Section 10.02(c), Section 10.02(d) and Section 10.17, a “Servicer”)
utilizes one or more Subcontractors to perform certain of its obligations hereunder, such Servicer shall promptly upon request provide
to the Depositor, as well as any Other Depositor as to which the applicable Serviced Companion Loan is affected, a written description
(in form and substance satisfactory to the Depositor and each such Other Depositor) of the role and function of each Subcontractor that
is a Servicing Function Participant utilized by such Servicer during the preceding calendar year, specifying (i) the identity of
such Subcontractor, and (ii) which elements of the Servicing Criteria will be addressed in assessments of compliance provided by
each such Subcontractor. Each Servicer shall cause any Subcontractor determined to be a Servicing Function Participant used by such Servicer
for the benefit of the Depositor to comply with the provisions of Section 10.09 and Section 10.10 of this Agreement
to the same extent as if such Subcontractor were such Servicer. Such Servicer shall obtain from each such Subcontractor (or, in the case
of each Sub-Servicer set forth on Exhibit S, shall use commercially reasonable efforts to cause such Sub-Servicer)
and deliver to the applicable Persons any assessment of compliance report and related accountant’s attestation required to be delivered
by such Subcontractor under Section 10.09 and Section 10.10 of this Agreement, in each case, as and when required
to be delivered.

    	 	- 489 -	 

     

    

(c)              
 For so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, notwithstanding
the foregoing, if a Servicer engages a Subcontractor in connection with the performance of any of its duties under this Agreement, such
Servicer shall be responsible for determining whether such Subcontractor is a “servicer” within the meaning of Item 1101 of
Regulation AB and whether such Subcontractor meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB. If a
Servicer determines, pursuant to the preceding sentence, that such Subcontractor is a “servicer” within the meaning of Item
1101 of Regulation AB and meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB, then the engagement of such
Subcontractor shall not be effective unless and until notice is given to the Depositor and the Certificate Administrator, as well as any
Other Depositor as to which the applicable Companion Loan is affected, of any such Subcontractor and sub-servicing agreement and,
if such Subcontractor is engaged by the Master Servicer or the Special Servicer, such Subcontractor shall be deemed to be a Sub-Servicer
for purposes of this Agreement. Written notice of the engagement of such Subcontractor and the related Sub-Servicing Agreement (other
than such agreements set forth on Exhibit S hereto) (with respect to the Master Servicer or the Special Servicer) or sub-servicing
agreement (with respect to any other Servicer) shall be delivered to the Depositor, the Certificate Administrator and each such Other
Depositor at least five (5) Business Days prior to the effective date of such engagement. Such notice shall contain all information reasonably
necessary, and in such form as may be necessary, to enable the Certificate Administrator, as well as any Other Exchange Act Reporting
Party as to which the applicable Serviced Companion Loan is affected, to accurately and timely report the event under Item 6.02 of Form
8-K pursuant to Section 10.07 of this Agreement (if such reports under the Exchange Act are required to be filed under
the Exchange Act).

(d)              
For so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, notwithstanding
the foregoing and subject to Section 3.01(c) of this Agreement, if the Master Servicer or the Special Servicer engages a Sub-Servicer
or if any other Servicer engages a sub-servicer, in each case, in connection with the performance of any of the duties of the Master
Servicer, the Special Servicer or such other Servicer, as applicable, under this Agreement and the related Sub-Servicing Agreement
(with respect to the Master Servicer or the Special Servicer) or sub-servicing agreement (with respect to any other Servicer) is either
(i) assigned (other than, in the case of a Sub-Servicer engaged by the Master Servicer, an assignment to the Master Servicer) or (ii)
amended or modified and the Master Servicer, the Special Servicer or such other Servicer, as applicable, determines that, as a result
of such amendment or modification, the Sub-Servicer or sub-servicer, as applicable, would become a “servicer” within
the meaning of Item 1101 of Regulation AB that (1) meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB or (2) meets
the criteria in Item 1108(a)(2)(iii) of Regulation AB and services 20% or more of the pool assets, then the Master Servicer, the Special
Servicer or such other Servicer, as applicable, shall provide written notice of such amendment, modification or assignment to the Depositor
and the Certificate Administrator, as well as any Other Depositor as to which the applicable Companion Loan is affected at least five
(5) Business Days prior to the effective date of such amendment, modification or assignment (or if such prior notice would be violative
of applicable law or any applicable confidentiality agreement, no later than the time required under Section 10.07 of this

    	 	- 490 -	 

     

    

Agreement). Such notice shall contain
all information reasonably necessary, and in such form as may be necessary, to enable the Certificate Administrator, as well as any Other
Exchange Act Reporting Party as to which the applicable Serviced Companion Loan is affected, to accurately and timely report the event
under Item 6.02 of Form 8-K pursuant to Section 10.07 of this Agreement (if such reports under the Exchange Act are required
to be filed under the Exchange Act).

(e)              
For so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, in connection
with the succession to the Trustee or Certificate Administrator under this Agreement by any Person (i) into which the Trustee or
Certificate Administrator may be merged or consolidated, or (ii) which may be appointed as a successor to the Trustee or Certificate
Administrator, the Trustee or Certificate Administrator, as applicable, shall notify the Depositor and each Other Depositor, at least
ten (10) Business Days prior to the effective date of such succession or appointment (or if such prior notice would be violative of applicable
law or any applicable confidentiality agreement, no later than the time required under Section 10.07 of this Agreement) and
shall furnish pursuant to Section 10.07 of this Agreement to the Depositor and each Other Depositor in writing and in form
and substance reasonably satisfactory to the Depositor and each Other Depositor, all information reasonably necessary for the Certificate
Administrator, the Trustee and each Other Exchange Act Reporting Party to accurately and timely report the event under Item 6.02 of Form
8-K pursuant to Section 10.07 of this Agreement or otherwise (if such reports under the Exchange Act are required to be
filed under the Exchange Act).

Section 10.03      
   Filing Obligations.

(a)                  The
Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian, the Certificate Administrator
and the Trustee shall (and shall cause (or, in the case of a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable
efforts to cause) each Additional Servicer and Servicing Function Participant utilized thereby to) reasonably cooperate with the Depositor
and each Other Depositor in connection with the satisfaction of the Trust’s and each Other Securitization Trust’s reporting
requirements under the Exchange Act. Pursuant to Section 10.04, Section 10.05 and Section 10.07,
the Certificate Administrator shall prepare for execution by the Depositor any Forms 10-D, ABS-EE, 10-K and 8-K
required by the Exchange Act with respect to the Trust, in order to permit the timely filing thereof, and the Certificate Administrator
shall file (via the Commission’s Electronic Data Gathering and Retrieval System) such Forms executed by the Depositor.

(b)              
In the event that the Certificate Administrator is unable to timely file with the Commission or deliver to any Other Depositor
or Other Exchange Act Reporting Party as to which the applicable Companion Loan is affected, all or any required portion of any Form 8-K,
10-D, ABS-EE or 10-K required to be filed by this Agreement because required disclosure information was either not delivered
to it or delivered to it after the delivery deadlines set forth in this Agreement, the Certificate Administrator shall promptly as soon
as practicable, but in no event later than twenty-four (24) hours after determination (but if the next calendar day is not a Business
Day, then in no event later than 10:00 a.m., New

    	 	- 491 -	 

     

    

York time, on the next Business Day),
notify the Depositor, such Other Depositor or Other Exchange Act Reporting Party thereof. In the case of Forms 10-D, ABS-EE
and 10-K, the Depositor and the Certificate Administrator will thereupon cooperate to prepare and file a Form 12b-25 and
a Form 10-D/A, Form ABS-EE/A or Form 10-K/A, as applicable, pursuant to Rule 12b-25 of the Exchange Act.
In the case of Form 8-K, the Certificate Administrator will, upon receipt of all required Form 8-K Disclosure Information,
include such disclosure information on the next succeeding Form 10-D to be filed for the Trust. In the event that any previously
filed Form 8-K or Form 10-K needs to be amended, the Certificate Administrator will notify the Depositor thereof, and
such other parties as needed and the parties hereto will cooperate with the Certificate Administrator to prepare any necessary Form 8-K/A
or Form 10-K/A. In the event that any previously filed Form 10-D or Form ABS-EE needs to be amended, the Certificate
Administrator shall notify the Depositor thereof, and such other parties as needed, and the parties hereto shall cooperate to prepare
any necessary Form 10-D/A or Form ABS-EE/A. Any Form 12b-25 or any amendment to Form 8-K, Form 10-D,
Form ABS-EE/A or Form 10-K shall be signed by an officer of the Depositor. The parties to this Agreement acknowledge that
the performance by the Certificate Administrator of its duties under this Section 10.03 related to the timely preparation
and filing of Form 12b-25 or any amendment to Form 8-K, Form 10-D, Form ABS-EE or Form 10-K is
contingent upon such parties observing all applicable deadlines in the performance of their duties under this Article X. The Certificate
Administrator shall have no liability for any loss, expense, damage, or claim arising out of or with respect to any failure to properly
prepare, arrange for execution and/or timely file any such Form 12b-25 or any amendments to Form 8-K, Form 10-D,
Form ABS-EE or Form 10-K, where such failure results from the Certificate Administrator’s inability or failure to receive,
on a timely basis, any information from any other party hereto needed to prepare, arrange for execution or file such Form 12b-25
or any amendments to Forms 8-K, Form 10-D, Form ABS-EE or Form 10-K, not resulting from its own negligence,
bad faith or willful misconduct.

Section 10.04         
Form 10-D and Form ABS-EE Filings.

(a)                  Within
15 calendar days after each Distribution Date (subject to permitted extensions under the Exchange Act), the Certificate Administrator
shall prepare and file on behalf of the Trust any Form 10-D and Form ABS-EE then required by the Exchange Act, in form
and substance as then required by the Exchange Act; provided that, in connection with the filing of the Prospectus and the Preliminary
Prospectus with respect to the Public Certificates, the Depositor shall file any related Form ABS-EE required to be filed with the
Commission and incorporated by reference into each such document. The Certificate Administrator shall file each Form 10-D
with a copy of the related Distribution Date Statement attached thereto; provided that the Certificate Administrator shall redact from
such Distribution Date Statement any information relating to the ratings of the Certificates and the identity of the Rating Agencies.
Any disclosure in addition to the Distribution Date Statement that is required to be included on Form 10-D and/or Form ABS-EE
(“Additional Form 10-D Disclosure”) shall, pursuant to the following paragraph, be (i) reported
by the parties set forth on Exhibit U to this Agreement to the Depositor, the Certificate Administrator and each Other
Depositor and Other Exchange Act Reporting Party to which such Additional Form 10-D Disclosure is relevant for Exchange Act
reporting purposes

    	 	- 492 -	 

     

    

and (ii) approved by the Depositor
and each such Other Depositor, and the Certificate Administrator will have no duty or liability for any failure hereunder to determine
or prepare any Additional Form 10-D Disclosure absent such reporting, direction and approval.

For so long as the Trust
or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, within one (1) Business Day after the
related Distribution Date (using commercially reasonable efforts), but in no event later than noon (New York City time) on the third
Business Day after the related Distribution Date, (i) certain parties to this Agreement, as set forth on Exhibit U to
this Agreement, shall be required to provide to the Certificate Administrator, the Depositor, and each Other Exchange Act Reporting Party
and Other Depositor to which the particular Additional Form 10-D Disclosure is relevant for Exchange Act reporting purposes, to the
extent a Servicing Officer or Responsible Officer thereof has knowledge thereof (other than information required by Item 1117 of
Regulation AB as to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer, as the
case may be, or any lawyer in the in-house legal department of such party) in EDGAR-Compatible Format (to the extent available
to such party in such format) or (in the case of asset-level information required by Item 1A on Form 10-D) XML Format or in such
other format as otherwise agreed upon by the Certificate Administrator, the Depositor and each such Other Exchange Act Reporting Party,
each such Other Depositor and such parties, the form and substance of the Additional Form 10-D Disclosure, if applicable, (ii) the
parties listed on Exhibit U to this Agreement shall include with such Additional Form 10-D Disclosure applicable
to such party and shall cause each Sub-Servicer (or, in the case of each Sub-Servicer set forth on Exhibit S, shall
use commercially reasonable efforts to cause such Sub-Servicer) and Subcontractor of such party to the extent required under Regulation AB
to provide, and if received, include, an Additional Disclosure Notification in the form attached as Exhibit W-1 to this
Agreement (except with respect to the reporting of balances of the Collection Account, each Whole Loan Custodial Account and each REO
Account which shall be delivered in the form of Exhibit W-2 hereto, and the Special Servicer shall provide in the form
of Exhibit W-2 any information relating to any REO Account to be reported under “Item 9: Other Information”
on Exhibit U to the Master Servicer within four (4) calendar days after the related Distribution Date) and (iii) the
Depositor shall approve, as to form and substance, or disapprove, as the case may be, the inclusion of the Additional Form 10-D Disclosure
on Form 10-D or (in the case of asset-level information required by Item 1A on Form 10-D) Form ABS-EE with respect
to the Trust; provided that any Depositor’s approval pursuant to this clause (iii) shall not relieve any parties listed on
Exhibit U of its obligations to provide Additional Form 10-D Disclosure that is true and accurate in all material respects
and in compliance with all applicable requirements of the Securities Act and the Exchange Act, and the rules and regulations promulgated
thereunder. The Certificate Administrator has no duty under this Agreement to monitor or enforce the performance by the parties listed
on Exhibit U to this Agreement of their duties under this paragraph or proactively solicit or procure from such parties any
Additional Form 10-D Disclosure information. The Depositor will be responsible for any reasonable fees assessed or expenses incurred
by the Certificate Administrator in connection with including any Additional Form 10-D Disclosure on Form 10-D or (in the case
of asset-level information required by Item 1A on Form 10-D) Form ABS-EE with respect to the Trust pursuant to this paragraph.

(b)                Any
Form 10-D filed by the Certificate Administrator with respect to the Trust shall (i) include the information required
by Rule 15Ga-1(a) of the Exchange Act

    	 	- 493 -	 

     

    

concerning all assets of the Trust that
were subject of a demand for the repurchase of, or the substitution of a Qualified Substitute Mortgage Loan for, a Mortgage Loan contemplated
by Section 2.03(a) of this Agreement, (ii) include a reference to the most recent Form ABS-15G filed by the Depositor
and the Commission’s assigned “Central Index Key” for the Depositor, which information the Depositor shall deliver to
the Certificate Administrator, (iii) include a reference to the most recent Form ABS-15G filed by each Mortgage Loan Seller and
the Commission’s assigned “Central Index Key” for each such filer, which information each Mortgage Loan Seller is required
to deliver to the Certificate Administrator pursuant to Section 6(i) of the applicable Mortgage Loan Purchase Agreement, (iv) incorporate
by reference the Form ABS-EE filing for the related reporting period (which Form ABS-EE disclosures shall be filed at the time
of each filing of the applicable report on Form 10-D with respect to each Mortgage Loan that was part of the Mortgage Pool during
any portion of the related reporting period), (v) to the extent such information is provided to the Certificate Administrator by the Master
Servicer in the form of Exhibit W-2 hereto for inclusion therein within the time period described in this Section 10.04,
the balances of the Collection Account, each Whole Loan Custodial Account and each REO Account (to the extent the related information
has been received from the Special Servicer within the time period specified in this Section 10.04), in each case as of the
related Distribution Date and as of the immediately preceding Distribution Date and (vi) the balance of the Distribution Account,
the Interest Reserve Account, the Excess Interest Distribution Account and the Excess Liquidation Proceeds Reserve Account, in each case
as of the related Distribution Date and as of the immediately preceding Distribution Date.

(c)              
With respect to any Mortgage Loan that permits Additional Debt or mezzanine debt in the future, the Certificate Administrator shall
include as part of any applicable Form 10-D filed by it (to the extent it receives such information from the Master Servicer (with
respect to Non-Specially Serviced Loans as to which the Master Servicer has knowledge or notice of any applicable Additional Debt
or mezzanine debt) or the Special Servicer (with respect to Specially Serviced Mortgage Loans as to which the Special Servicer has knowledge
or notice of any applicable Additional Debt or mezzanine debt)) the identity of such Mortgage Loan and, to the extent such information
is received by the Certificate Administrator from the Master Servicer (with respect to Non-Specially Serviced Loans as to which the
Master Servicer has knowledge or notice of any applicable Additional Debt or mezzanine debt) or the Special Servicer (with respect to
Specially Serviced Mortgage Loans as to which the Special Servicer has knowledge or notice of any applicable Additional Debt or mezzanine
debt), substantially in the form of Exhibit W-3 (A) the amount of any such Additional Debt or mezzanine debt, as applicable,
that is incurred during the related Collection Period, (B) the total debt service coverage ratio calculated on the basis of such Mortgage
Loan and such Additional Debt or mezzanine debt, as applicable, and (C) the aggregate LTV Ratio calculated on the basis of such Mortgage
Loan and such Additional Debt or mezzanine debt, as applicable.

(d)                 The
Depositor hereby directs the Certificate Administrator to include the following individual’s name and phone number on the cover
of Forms 10-D and ABS-EE for each reporting period: Name: Richard Simpson, Telephone: (212) 816-5343. The Certificate Administrator
may rely without further investigation that this information

    	 	- 494 -	 

     

    

remains correct unless and until the
Depositor provides the Certificate Administrator with a new individual’s name and phone number in writing.

(e)                  Upon
receipt of the Asset Review Report Summary from the Asset Representations Reviewer required to be delivered pursuant to Section 11.01(b),
the Certificate Administrator shall (i) include such Asset Review Report Summary in Item 1B on the Form 10-D relating to the Collection
Period in which such Asset Review Report Summary was delivered, and (ii) post such Asset Review Report Summary to the Certificate Administrator’s
Website not later than two (2) Business Days after receipt of such Asset Review Report Summary from the Asset Representations Reviewer.

(f)                   To
the extent the Certificate Administrator receives a request from any Certificateholder or Certificate Owner to communicate with other
Certificateholders or Certificate Owners pursuant to Section 5.07, the Certificate Administrator shall include on the Form
10-D relating to the reporting period in which such request was received disclosure regarding the request to communicate, and such
disclosure is required to include the following and no more than the following: (a) the name of the Certificateholder or Certificate
Owner making the request, (b) the date the request was received, (c) a statement to the effect that the Certificate Administrator has
received such request, stating that such Certificateholder or Certificate Owner is interested in communicating with other Certificateholders
or Certificate Owners with regard to the possible exercise of rights under this Agreement, and (d) a description of the method other
Certificateholders or Certificate Owners may use to contact the requesting Certificateholder or Certificate Owner.

(g)                 At
the time required under Section 10.04(a), the Certificate Administrator shall file each Form ABS-EE with a copy of
the related CREFC® Schedule AL File received by the Certificate Administrator pursuant to Section 4.02(b)
as Exhibit 102 thereto. To the extent the Certificate Administrator receives any Schedule AL Additional File with respect to such
Form ABS-EE pursuant to Section 4.02(b), the Certificate Administrator shall file such Schedule AL Additional File
as Exhibit 103 to such Form ABS-EE. The Certificate Administrator shall not be required to combine multiple CREFC®
Schedule AL Files or Schedule AL Additional Files. The Certificate Administrator shall not be required to review, redact, reconcile,
edit or verify the content, completeness or accuracy of the information contained in any CREFC® Schedule AL File or Schedule
AL Additional File. The Certificate Administrator shall not be deemed to have actual knowledge of the contents of any CREFC®
Schedule AL File or Schedule AL Additional File solely by its receipt thereof.

(h)              
After preparing the Forms 10-D and ABS-EE with respect to the Trust, the Certificate Administrator shall forward electronically
copies of such Forms 10-D and ABS-EE (together with the related CREFC® Schedule AL File and any Schedule AL
Additional File received by the Certificate Administrator) to the Depositor for review no later than seven (7) calendar days
after the related Distribution Date or, if the 7th calendar day after the related Distribution Date is not a Business Day, the immediately
preceding Business Day. The Master Servicer shall reasonably cooperate with the Depositor to answer any questions that the Depositor may
pose to the Master Servicer regarding the data or information contained in, or omitted from, any CREFC® Schedule AL File
or Schedule

    	 	- 495 -	 

     

    

AL Additional File (other than questions
regarding (1) the accuracy as of the Closing Date of data that had been included in the Initial Schedule AL File or the Initial Schedule
AL Additional File or (2) changes made to such CREFC® Schedule AL File or Schedule AL Additional File by the Certificate
Administrator following receipt from the Master Servicer). The Certificate Administrator, the Master Servicer and the Depositor shall
each, to the extent related to such party’s obligations hereunder, reasonably cooperate to remedy any filing errors regarding any
CREFC® Schedule AL File or any Schedule AL Additional File as soon as possible. Within four (4) Business Days after receipt
of copies of such Forms 10-D and ABS-EE from the Certificate Administrator, but no later than two (2) Business Days prior
to the 15th calendar day after the related Distribution Date, the Depositor shall notify the Certificate Administrator in writing (which
may be furnished electronically) of any changes to or approval of such Form 10-D and Form ABS-EE, respectively, and an officer
of the Depositor shall sign the Form 10-D and Form ABS-EE with respect to the Trust and return an electronic or fax copy
of each of the signed Form 10-D and Form ABS-EE (with an original executed hard copy to follow by overnight mail) to the
Certificate Administrator. Upon receipt of such signed Form 10-D and Form ABS-EE (in electronic form or by fax copy), the
Certificate Administrator shall deem such reports to be approved by the Depositor and shall proceed with filing such reports with the
Commission. If a Form 10-D or Form ABS-EE with respect to the Trust cannot be filed on time or if a previously filed Form 10-D
or Form ABS-EE with respect to the Trust needs to be amended, the Certificate Administrator will follow the procedures set forth in
Section 10.03(b) of this Agreement. Promptly after filing with the Commission, the Certificate Administrator will make available
on its internet website a final executed copy of each Form 10-D and Form ABS-EE with respect to the Trust prepared and filed
by the Certificate Administrator. The signing party at the Depositor can be contacted at Citigroup Commercial Mortgage Securities Inc.,
388 Greenwich Street, 6th Floor, New York, New York 10013, Attention: Richard Simpson, telecopy number: (646) 328-2943, e-mail:
richard.simpson@citi.com, with a copy to Citigroup Commercial Mortgage Securities Inc., 390 Greenwich Street, 5th Floor, New York,
New York 10013, Attention: Raul Orozco, telecopy number: (347) 394-0898, e-mail: raul.d.orozco@citi.com, and with a copy
to Citigroup Commercial Mortgage Securities Inc., 388 Greenwich Street, 17th Floor, New York, New York 10013, Attention: Ryan M. O’Connor,
telecopy number: (646) 862-8988, e-mail: ryan.m.oconnor@citi.com, or such other address as the Depositor may direct. The
parties to this Agreement acknowledge that the performance by the Certificate Administrator of its duties under this Section 10.04
related to the timely preparation and filing of Form 10-D and Form ASB-EE with respect to the Trust is contingent upon such
parties observing all applicable deadlines in the performance of their duties under this Section 10.04. The Certificate Administrator
shall have no liability for any loss, expense, damage, or claim arising out of or with respect to any failure to properly prepare, arrange
for execution and/or timely file any Form 10-D or Form ABS-EE with respect to the Trust, where such failure results because
required disclosure information was either not delivered to the Certificate Administrator or delivered to the Certificate Administrator
after the delivery deadlines set forth in this Agreement, not resulting from its own negligence, bad faith or willful misconduct.

(i)                
Form 10-D requires the registrant to indicate (by checking “yes” or “no”) that it “(1) has
filed all reports required to be filed by Section 13 or 15(d) of the Exchange

    	 	- 496 -	 

     

    

Act during the preceding 12 months (or
for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.” The Depositor hereby instructs the Certificate Administrator, with respect to each Form 10-D with
respect to the Trust, to check “yes” for each item unless the Certificate Administrator has received prior written notice
(which may be furnished electronically) from the Depositor that the answer should be “no” for an item which notice shall be
delivered to the Certificate Administrator no later than the day on which the Depositor provided its signature for such filing pursuant
to Section 10.04(h) of this Agreement.

Section 10.05         
Form 10-K Filings.

(a)               
Within 90 days after the end of each fiscal year of the Trust (it being understood that the fiscal year of the Trust ends
on December 31 of each year) or such earlier date as may be required by the Exchange Act (the “10-K Filing Deadline”),
commencing within 90 days after December 31, 2022, the Certificate Administrator shall prepare and file on behalf of the Trust
any Form 10-K then required by the Exchange Act, in form and substance as then required by the Exchange Act. Each such Form 10-K
with respect to the Trust shall include the following items, in each case to the extent they have been delivered to the Certificate Administrator
(in the form required by this Agreement) within the applicable time frames set forth in this Agreement:

(i)                
an annual compliance statement for each Certifying Servicer and each Additional Servicer engaged by each Certifying Servicer, as
described under Section 10.08; provided that the related signature pages may be delivered separately from such compliance
statement;

(ii)             
(A)the annual reports on assessment of compliance with Servicing Criteria for each Reporting Servicer, as described under Section 10.09;
and

(B)             
if any such report on assessment of compliance with Servicing Criteria described under Section 10.09 identifies any
material instance of noncompliance, disclosure identifying such instance of noncompliance (including whether such instance of noncompliance
involved the servicing of the assets backing the Certificates issued pursuant to this Agreement and any steps taken to remedy such instance
of noncompliance), or if such report on assessment of compliance with Servicing Criteria described under Section 10.09 is not included
as an exhibit to such Form 10-K, disclosure that such report is not included and an explanation why such report is not included;

(iii)              
(A)the registered public accounting firm attestation report for each Reporting Servicer, as described under Section 10.10;
and

(B)                if
any registered public accounting firm attestation report described under Section 10.10 identifies any material instance
of

    	 	- 497 -	 

     

    

noncompliance, disclosure identifying
such instance of noncompliance, or if any such registered public accounting firm attestation report is not included as an exhibit to such
Form 10-K, disclosure that such report is not included and an explanation why such report is not included; and

(iv)            
a certification in the form attached to this Agreement as Exhibit X, with such changes as may be necessary or appropriate
as a result of changes promulgated by the Commission (the “Sarbanes-Oxley Certification”), which shall, except
as described below, be signed by the senior officer of the Depositor in charge of securitization; provided that the related signature
pages may be delivered separately.

Any disclosure or information
in addition to (i) through (iv) above that is required to be included on Form 10-K (“Additional Form 10-K Disclosure”)
shall, pursuant to the second following paragraph, be (i) reported by the parties set forth on Exhibit V to this Agreement
to the Depositor, the Certificate Administrator and any Other Depositor and Other Exchange Act Reporting Party to which such Additional
Form 10-K Disclosure is relevant for Exchange Act reporting purposes and (ii) approved by the Depositor and such Other Depositor,
and the Certificate Administrator will have no duty or liability for any failure hereunder to determine or prepare any Additional Form
10-K Disclosure, absent such reporting, direction and approval.

Not later than the end of
each fiscal year for which the Trust is required to file a Form 10-K, the Master Servicer, the Special Servicer, the Certificate
Administrator, the Custodian, the Operating Advisor and the Trustee shall provide the other parties to this Agreement and the Mortgage
Loan Sellers with written notice of the name and address of each Servicing Function Participant retained by such party, if any, during
such fiscal year. Not later than the end of each fiscal year for which the Trust is required to file a Form 10-K, the Certificate
Administrator shall, upon request (which can be in the form of electronic mail and which may be continually effective), provide to each
Mortgage Loan Seller written notice of any change in the identity of any party to this Agreement, including the name and address of any
new party to this Agreement.

For so long as the Trust
or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, no later than March 1, commencing
in March 2023, (i) the parties listed on Exhibit V to this Agreement shall be required to provide (and (i) with
respect to any Servicing Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable
efforts to cause such Servicing Function Participant to provide, and (ii) with respect to any other Servicing Function Participant
of such party (other than any party to this Agreement), shall cause such Servicing Function Participant to provide) to the Certificate
Administrator, the Depositor and each Other Exchange Act Reporting Party and Other Depositor to which the particular Additional Form 10-K
Disclosure is relevant for Exchange Act reporting purposes, to the extent a Servicing Officer or a Responsible Officer, as the case may
be, thereof has actual knowledge (other than information required by Item 1117 of Regulation AB as to such party which shall be reported
if actually known by any Servicing Officer or Responsible Officer, as the case may be or any lawyer in the in-house legal department
of such party), in EDGAR-Compatible Format (to the extent available to such party in such format) or in such other format as otherwise
agreed upon by the Certificate Administrator, the Depositor, each such Other Exchange Act Reporting Party, each such Other Depositor and
such providing parties, the form

    	 	- 498 -	 

     

    

and substance of any Additional Form 10-K
Disclosure described on Exhibit V to this Agreement applicable to such party, (ii) the parties listed on Exhibit V
to this Agreement shall include with such Additional Form 10-K Disclosure applicable to such party and shall cause each Sub-Servicer
(or, in the case of each Sub-Servicer set forth on Exhibit S, shall use commercially reasonable efforts to cause such
Sub-Servicer) and Subcontractor of such party to the extent required under Regulation AB to provide, and if received, include, an
Additional Disclosure Notification in the form attached as Exhibit W to this Agreement, and (iii) the Depositor will
approve, as to form and substance, or disapprove, as the case may be, the inclusion of the Additional Form 10-K Disclosure on Form 10-K
with respect to the Trust; provided that any Depositor’s approval pursuant to this clause (iii) shall not relieve any parties
listed on Exhibit V of its obligations to provide Additional Form 10- K Disclosure that is true and accurate in all material
respects and in compliance with all applicable requirements of the Securities Act and the Exchange Act, and the rules and regulations
promulgated thereunder. The Certificate Administrator has no duty under this Agreement to monitor or enforce the performance by the parties
listed on Exhibit V to this Agreement of their duties under this paragraph or proactively solicit or procure from such parties
any Additional Form 10-K Disclosure information. The Depositor will be responsible for any reasonable fees assessed and expenses
incurred by the Certificate Administrator in connection with including any Additional Form 10-K Disclosure on Form 10-K with respect
to the Trust pursuant to this paragraph.

After preparing a Form 10-K
with respect to the Trust, the Certificate Administrator shall forward electronically a preliminary copy of such Form 10-K to
the Depositor for review no later than March 15 in the year immediately following the year as to which such Form 10-K relates,
or, if March 15 is not a Business Day, on the immediately following Business Day. Within three (3) Business Days after receipt of
such copy, the Depositor shall notify the Certificate Administrator in writing (which may be furnished electronically) of any changes
or approval to such preliminary Form 10-K. The Certificate Administrator shall provide a complete Form 10-K with respect
to the Trust to the Depositor for review no later than March 21 in the year immediately following the year as to which such Form
10-K relates, or if March 21 is not a Business Day, on the immediately following Business Day. Within three (3) Business Days
after receipt of such complete Form 10-K, the Depositor shall notify the Certificate Administrator in writing (which may be furnished
electronically) of any changes or approval to such complete Form 10-K. No later than 5:00 p.m. (New York City time) on the
third Business Day prior to the 10-K Filing Deadline, a senior officer of the Depositor shall sign the Form 10-K with respect
to the Trust and return an electronic or fax copy of such signed Form 10-K (with an original executed hard copy to follow by
overnight mail) to the Certificate Administrator. Upon receipt of such signed Form 10-K (in electronic form or by fax copy),
the Certificate Administrator shall deem such report to be approved by the Depositor and shall proceed with filing such report with the
Commission. If a Form 10-K with respect to the Trust cannot be filed on time or if a previously filed Form 10-K with
respect to the Trust needs to be amended, the Certificate Administrator will follow the procedures set forth in Section 10.03(b).
Promptly after filing with the Commission, the Certificate Administrator will make available on the Certificate Administrator’s
Website a final executed copy of each Form 10-K prepared and filed by the Certificate Administrator. The signing party at the
Depositor can be contacted at Citigroup Commercial Mortgage Securities Inc., 388 Greenwich Street, 6th Floor, New York, New York 10013,
Attention: Richard Simpson, telecopy number: (646) 328-2943, e-mail: richard.simpson@citi.com, with a copy to Citigroup
Commercial Mortgage Securities Inc., 390 Greenwich Street, 5th Floor, New York, New York

    	 	- 499 -	 

     

    

10013, Attention: Raul Orozco, telecopy number:
(347) 394-0898, e-mail: raul.d.orozco@citi.com, and with a copy to Citigroup Commercial Mortgage Securities Inc., 388 Greenwich
Street, 17th Floor, New York, New York 10013, Attention: Ryan M. O’Connor, telecopy number: (646) 862-8988, e-mail: ryan.m.oconnor@citi.com,
or such other address as the Depositor may direct. The parties to this Agreement acknowledge that the performance by the Certificate Administrator
of its duties under this Section 10.05 related to the timely preparation and filing of Form 10-K with respect to
the Trust is contingent upon the parties to this Agreement (and any Additional Servicer or Servicing Function Participant engaged or utilized,
as applicable, by any such parties) observing all applicable deadlines in the performance of their duties under this Section 10.05.
The Certificate Administrator shall have no liability for any loss, expense, damage, claim arising out of or with respect to any failure
to properly prepare, arrange for execution and/or timely file any Form 10-K with respect to the Trust, where such failure results
because required disclosure information was either not delivered to the Certificate Administrator or delivered to the Certificate Administrator
after the delivery deadlines set forth in this Agreement, not resulting from its own negligence, bad faith or willful misconduct.

(b)                 Form 10-K requires the registrant to indicate (by checking “yes” or “no”) that it “(1) has
filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.”
The Depositor hereby instructs the Certificate Administrator, with respect to each Form 10-K with respect to the Trust, to check
“yes” for each item unless the Certificate Administrator has received prior written notice (which may be furnished electronically)
from the Depositor that the answer should be “no” for an item which notice shall be delivered to the Certificate Administrator
no later than the day on which the Depositor provided its signature for such filing pursuant to Section 10.05(a) of this Agreement.

Section 10.06      
Sarbanes-Oxley Certification. Each Form 10-K with respect to the Trust shall include a Sarbanes-Oxley Certification
in the form attached to this Agreement as Exhibit X required to be included therewith pursuant to the Sarbanes-Oxley Act.
The Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer (in
the case of the Asset Representations Reviewer, solely with respect to reporting periods in which the Asset Representations Reviewer is
required to deliver an Asset Review Report Summary), the Custodian and the Trustee shall provide (and (i) with respect to any Servicing
Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause
such Servicing Function Participant to provide, and (ii) with respect to any other Servicing Function Participant of such party (other
than any party to this Agreement), shall cause such Servicing Function Participant to provide) to the Person who signs the Sarbanes-Oxley
Certification for the Trust or any Other Securitization Trust (the “Certifying Person”) no later than March 1
in the year immediately following the year as to which such Form 10-K relates or, if March 1 is not a Business Day, on the immediately
following Business Day, a certification in the form attached to this Agreement as Exhibit Y-1, Exhibit Y-2,
Exhibit Y-3, Exhibit Y-4, Exhibit Y-5, Exhibit Y-6, Exhibit Y-7
and Exhibit Y-8, as applicable, on which the Certifying Person, the entity for which the Certifying Person acts as an
officer, and such entity’s officers, directors and Affiliates (collectively with the Certifying Person, “Certification
Parties”) can reasonably rely. With respect to each Outside Serviced Mortgage Loan serviced under

    	 	- 500 -	 

     

    

an Outside Servicing Agreement, the Certificate
Administrator shall use commercially reasonable efforts to procure, and upon receipt deliver to the Certifying Person, a Sarbanes-Oxley
back-up certification similar in form and substance to the certifications referenced in the preceding sentence, from the related Outside
Servicer, the related Outside Special Servicer, the related Outside Paying Agent and the related Outside Trustee. In the event any Reporting
Servicer is terminated or resigns pursuant to the terms of this Agreement, or any applicable Sub-Servicing Agreement or primary servicing
agreement, as the case may be, such Reporting Servicer shall provide a certification to the Certifying Person pursuant to this Section 10.06
with respect to the period of time it was subject to this Agreement or the applicable sub-servicing or primary servicing agreement,
as the case may be.

Section 10.07        
Form 8-K Filings. Within four (4) Business Days after the occurrence of an event requiring disclosure on Form 8-K
(each such event, a “Reportable Event”), or if requested by the Depositor, the Certificate Administrator shall prepare
and file on behalf of the Trust any Form 8-K, as required by the Exchange Act, provided that the Depositor shall file the initial
Form 8-K with respect to the Trust in connection with the issuance of the Certificates. Any disclosure or information related to a
Reportable Event or that is otherwise required to be included on Form 8-K (“Form 8-K Disclosure Information”)
that is approved by the Depositor shall, pursuant to the following paragraph, be reported by the applicable parties set forth on Exhibit Z
to this Agreement to the Depositor, the Certificate Administrator and each Other Depositor and Other Exchange Act Reporting Party to which
such Form 8-K Disclosure Information is relevant for Exchange Act reporting purposes, and the Certificate Administrator will have
no duty or liability for any failure hereunder to determine or prepare any Form 8-K Disclosure Information or any Form 8-K with
respect to the Trust, absent such reporting, direction and approval.

For so long as the Trust
or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, to the extent a Servicing Officer or Responsible
Officer thereof has actual knowledge of such event (other than Item 1117 of Regulation AB as to such party which shall be reported
if actually known by any Servicing Officer or Responsible Officer, as the case may be or any lawyer in the in-house legal department
of such party), within one (1) Business Day after the occurrence of a Reportable Event (using commercially reasonable efforts), but in
no event later than 1:00 p.m. (New York City time) on the second Business Day after the occurrence of a Reportable Event, (i) the
parties set forth on Exhibit Z to this Agreement shall be required to provide (and (i) with respect to any Servicing
Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause
such Servicing Function Participant to provide, and (ii) with respect to any other Servicing Function Participant of such party (other
than any party to this Agreement), shall cause such Servicing Function Participant to provide) to the Depositor, the Certificate Administrator
and each Other Depositor and Other Exchange Act Reporting Party to which the particular Form 8-K Disclosure Information is relevant
for Exchange Act reporting purposes, in EDGAR-Compatible Format (to the extent available to such party in such format) or in such
other format as otherwise agreed upon by the Depositor, the Certificate Administrator, each such Other Depositor, each such Other Exchange
Act Reporting Party and such providing parties any Form 8-K Disclosure Information described on Exhibit Z to this Agreement
as applicable to such party, if applicable (ii) the parties listed on Exhibit Z to this Agreement shall include with
such Form 8-K Disclosure Information applicable to such party and shall cause each Sub-Servicer (or, in the case of each Sub-Servicer
set forth on Exhibit S, shall use commercially reasonable efforts to cause such Sub-Servicer) and

    	 	- 501 -	 

     

    

Subcontractor of such party to the extent required
under Regulation AB to provide, and if received, include, an Additional Disclosure Notification in the form attached hereto as Exhibit W-1,
and (iii) the Depositor will approve, as to form and substance, or disapprove, as the case may be, the inclusion of the Form 8-K
Disclosure Information on Form 8-K with respect to the Trust; provided that any Depositor’s approval pursuant to this
clause (iii) shall not relieve any parties listed on Exhibit Z of its obligations to provide Form 8 K Disclosure Information
that is true and accurate in all material respects and in compliance with all applicable requirements of the Securities Act and the Exchange
Act and the rules and regulations promulgated thereunder. The Certificate Administrator has no duty under this Agreement to monitor or
enforce the performance by the parties listed on Exhibit Z of their duties under this paragraph or proactively solicit or
procure from such parties any Form 8-K Disclosure Information. The Depositor will be responsible for any reasonable fees assessed
or expenses incurred by the Certificate Administrator in connection with including any Form 8-K Disclosure Information on Form 8-K
with respect to the Trust pursuant to this paragraph.

With respect to any Whole
Loan, (i) upon receipt of any notice of execution or amendment of an Outside Servicing Agreement or an Outside Serviced Co-Lender
Agreement with respect to an Outside Serviced Mortgage Loan or notice of any Reportable Event with respect to any Outside Service Provider
of an Outside Serviced Mortgage Loan, the Trustee or the Certificate Administrator, as the case may be, shall promptly notify the Depositor
of such notice and cooperate with the Depositor to prepare and file on behalf of the Trust any Form 8-K, as required by the Exchange
Act and (ii) upon the execution of any amendment to a related Co-Lender Agreement, the Master Servicer, the Special Servicer or the
Trustee, as the case may be, executing such amendment on behalf of the Trust shall promptly notify the Depositor and the Certificate Administrator
of such execution and cooperate with the Depositor and the Certificate Administrator to prepare and file on behalf of the Trust any Form
8-K, as required by the Exchange Act.

After preparing any Form 8-K
with respect to the Trust, the Certificate Administrator shall forward electronically a copy of the Form 8-K to the Depositor
for review no later than 1:00 p.m. (New York City time) on the third Business Day after the related Reportable Event (but in no event
earlier than 24 hours after having received approved Form 8-K Disclosure Information pursuant to the immediately preceding paragraph).
Promptly, but no later than the close of business on the third Business Day after the related Reportable Event, the Depositor shall notify
the Certificate Administrator in writing (which may be furnished electronically) of any changes to or approval of such Form 8-K.
No later than noon on the fourth Business Day after the related Reportable Event, a duly authorized representative of the Depositor shall
sign the Form 8-K with respect to the Trust and return an electronic or fax copy of such signed Form 8-K (with an original
executed hard copy to follow by overnight mail) to the Certificate Administrator. If a Form 8-K with respect to the Trust cannot
be filed on time or if a previously filed Form 8-K with respect to the Trust needs to be amended, the Certificate Administrator
will follow the procedures set forth in Section 10.03(b) of this Agreement. Promptly after filing with the Commission, the
Certificate Administrator will, make available on its internet website a final executed copy of each Form 8-K with respect to
the Trust, to the extent such Form 8-K has been prepared and filed by the Certificate Administrator. The signing party at the
Depositor can be contacted at Citigroup Commercial Mortgage Securities Inc., 388 Greenwich Street, 6th Floor, New York, New York 10013,
Attention: Richard Simpson, telecopy number: (646) 328-2943, e-mail:

    	 	- 502 -	 

     

    

richard.simpson@citi.com, with a copy
to Citigroup Commercial Mortgage Securities Inc., 390 Greenwich Street, 5th Floor, New York, New York 10013, Attention: Raul Orozco, telecopy
number: (347) 394-0898, e-mail: raul.d.orozco@citi.com, and with a copy to Citigroup Commercial Mortgage Securities Inc.,
388 Greenwich Street, 17th Floor, New York, New York 10013, Attention: Ryan M. O’Connor, telecopy number: (646) 862-8988, e-mail:
ryan.m.oconnor@citi.com, or such other address as the Depositor may direct. The parties to this Agreement acknowledge that the
performance by the Certificate Administrator of its duties under this Section 10.07 related to the timely preparation and
filing of Form 8-K with respect to the Trust is contingent upon such parties observing all applicable deadlines in the performance
of their duties under this Section 10.07. The Certificate Administrator shall have no liability for any loss, expense, damage,
claim arising out of or with respect to any failure to properly prepare and/or timely file any Form 8-K with respect to the Trust,
where such failure results from the Certificate Administrator’s inability or failure to receive, on a timely basis, any information
from the parties to this Agreement needed to prepare, arrange for execution or file such Form 8-K, not resulting from its own
negligence, bad faith or willful misconduct.

In the case of a Form 8-K
that is filed by or on behalf of the Trust or any Other Securitization Trust as a result of the termination, removal, resignation or any
other replacement of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or any Sub-Servicer or
Subcontractor of any of the foregoing parties (to the extent such Sub-Servicer or Subcontractor is a “servicer” as contemplated
by Item 1108(a)(2) of Regulation AB) under this Agreement, the proposed successor Master Servicer, Special Servicer, Trustee, Certificate
Administrator, Sub-Servicer or Subcontractor, as applicable, shall, as a condition to such succession and at the reasonable expense
of the same party or parties required to pay the costs and expenses relating to such termination, removal, resignation or other replacement
pursuant to this Agreement, provide to the Certificate Administrator and the Depositor on or before the date of such proposed succession
the following: (i) any information (including, but not limited to, disclosure information) required for the Trust to comply in a timely
manner with applicable filing requirements under Items 1.01 and 6.02 of Form 8-K and (ii) such opinion(s) of counsel, certifications
and/or indemnification agreement(s) with respect to such information that are substantially similar to those delivered by the initial
Master Servicer, the initial Special Servicer, the initial Trustee, the initial Certificate Administrator or the initial Sub-Servicer,
as the case may be, or their respective counsel, in connection with the information concerning such party in the Prospectus and/or any
other disclosure materials relating to this Trust.

Section 10.08       
Annual Compliance Statements. The Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian and,
if it has made an Advance during the applicable calendar year, the Trustee shall furnish (and each of the Master Servicer, the Special
Servicer, the Custodian and the Certificate Administrator (i) with respect to any Additional Servicer of such party that is a Mortgage
Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such Additional Servicer to furnish, and (ii) with
respect to any other Additional Servicer of such party (other than any party to this Agreement), shall cause such Additional Servicer
to furnish) (each such Additional Servicer and each of the Master Servicer, the Special Servicer, the Custodian, the Certificate Administrator
and the Trustee (if applicable), a “Certifying Servicer”) to the Certificate Administrator, the Serviced Companion
Loan Holders (or, in the case of a Serviced Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor
and Other Exchange Act Reporting Party), the Operating Advisor (only in the case of an Officer’s

    	 	- 503 -	 

     

    

Certificate furnished by the Special Servicer
after the occurrence and during the continuance of a Control Termination Event or, with respect to any Trust Subordinate Companion Whole
Loan that is part of an EHRI Trust Subordinate Companion Loan Securitization, at any time) and the Depositor on or before March 1
of each year, commencing in March 2023, an Officer’s Certificate (together with a copy thereof in EDGAR-Compatible Format,
or in such other format as otherwise agreed upon by the Depositor, the Certificate Administrator, the applicable Other Depositor, the
applicable Other Exchange Act Reporting Party and the applicable Certifying Servicer) stating, as to the signer thereof, that (A) a
review of such Certifying Servicer’s activities during the preceding calendar year or portion thereof and of such Certifying Servicer’s
performance under this Agreement, or the applicable Sub-Servicing Agreement or primary servicing agreement in the case of an Additional
Servicer, has been made under such officer’s supervision and (B) to the best of such officer’s knowledge, based on such
review, such Certifying Servicer has fulfilled all its obligations under this Agreement, or the applicable Sub-Servicing Agreement
or primary servicing agreement in the case of an Additional Servicer, in all material respects throughout such year or portion thereof,
or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer
and the nature and status thereof. The Master Servicer and the Special Servicer shall, and the Master Servicer and the Special Servicer
shall cause (or, in the case of an Additional Servicer that is a Mortgage Loan Seller Sub-Servicer, shall use its commercially reasonable
efforts to cause) each Additional Servicer hired by it to, forward a copy of each such statement to, prior to the occurrence and continuance
of a Consultation Termination Event, the Controlling Class Representative and, for posting to the Rule 17g-5 Information
Provider’s Website pursuant to Section 12.13, the Rule 17g-5 Information Provider. Promptly after receipt of
each such Officer’s Certificate, the Depositor (and, in the case of a Serviced Companion Loan that is part of an Other Securitization
Trust, the applicable Other Depositor and Other Exchange Act Reporting Party) may review each such Officer’s Certificate and, if
applicable, consult with the Certifying Servicer, as applicable, as to the nature of any failures by such Certifying Servicer, respectively,
or any related Additional Servicer with which the Master Servicer or the Special Servicer, as applicable, has entered into a servicing
relationship with respect to the Mortgage Loans or the Companion Loans in the fulfillment of any Certifying Servicer’s obligations
hereunder or under the applicable sub-servicing or primary servicing agreement. The obligations of each Certifying Servicer under
this Section apply to each Certifying Servicer that serviced a Mortgage Loan or Companion Loan during the applicable period, whether
or not the Certifying Servicer is acting in such capacity at the time such Officer’s Certificate is required to be delivered.

With respect to each Outside
Serviced Mortgage Loan serviced under the applicable Outside Servicing Agreement, the Certificate Administrator shall request, and upon
receipt deliver to the Depositor, from a “Servicing Officer” or “Responsible Officer” (as such terms are defined
in the applicable Outside Servicing Agreement), as applicable, of the related Outside Servicer, Outside Special Servicer, Outside Custodian,
Outside Trustee and Outside Paying Agent or Outside Certificate Administrator an Officer’s Certificate in form and substance similar
to the Officer’s Certificate described in this Section or such other form as is set forth in the Outside Servicing Agreement.

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Section 10.09         
Annual Reports on Assessment of Compliance With Servicing
Criteria.

(a)                  On
or before March 1 of each year commencing in March 2023, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Custodian, the Operating Advisor and, if it has made (or is required to make) an Advance during the applicable calendar year, the
Trustee, each at its own expense, shall furnish (and each of the preceding parties, as applicable, (i) with respect to any Servicing
Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause
such Servicing Function Participant to furnish, and (ii) with respect to any other Servicing Function Participant of such party
(other than any party to this Agreement), shall cause such Servicing Function Participant to furnish) (each Master Servicer, the Special
Servicer, the Certificate Administrator, the Custodian, the Operating Advisor, any Servicing Function Participant and, if it has made
(or is required to make) an Advance during the applicable calendar year, the Trustee, as the case may be, a “Reporting Servicer”)
to the Certificate Administrator, the Trustee, the Serviced Companion Loan Holders (or, in the case of a Serviced Companion Loan that
is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), the Operating Advisor
(only in the case of a report furnished by the Special Servicer) and the Depositor, a report on an assessment of compliance with the
Relevant Servicing Criteria (together with a copy thereof in EDGAR-Compatible Format, or in such other format as otherwise agreed
upon by the Depositor, the Certificate Administrator, the applicable Other Depositor, the applicable Other Exchange Act Reporting Party
and the applicable Certifying Servicer) that complies in all material respects with the requirements of Item 1122 of Regulation AB
and contains (A) a statement by such Reporting Servicer of its responsibility for assessing compliance with the Relevant Servicing
Criteria, (B) a statement that such Reporting Servicer used the Servicing Criteria to assess compliance with the Relevant Servicing
Criteria, (C) such Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria as of the end of and
for the preceding calendar year, including, if there has been any material instance of noncompliance with the Relevant Servicing Criteria,
a discussion of each such failure and the nature and status thereof and (D) a statement that a registered public accounting firm
has issued an attestation report on such Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria as
of and for such period. Copies of all compliance reports delivered pursuant to this Section 10.09 shall be provided to
any Certificateholder, upon the written request thereof, by the Certificate Administrator.

Each such report shall be
addressed to the Depositor and each Other Depositor (if addressed) and signed by an authorized officer of the applicable company, and
shall address each of the Relevant Servicing Criteria specified on a certification substantially in the form of Exhibit O
to this Agreement delivered to the Depositor on the Closing Date. Promptly after receipt of each such report, (i) the Depositor and
each Other Depositor may review each such report and, if applicable, consult with the each Reporting Servicer as to the nature of any
material instance of noncompliance with the Relevant Servicing Criteria, and (ii) the Certificate Administrator shall confirm that
the assessments, taken individually address the Relevant Servicing Criteria for each party as set forth on Exhibit O to this
Agreement and notify the Depositor of any exceptions. For the avoidance of doubt, the Trustee shall have no obligation or duty to determine
whether any such

    	 	- 505 -	 

     

    

report (other than any such report furnished
by the Trustee or any Servicing Function Participant of the Trustee) is in form and substance in compliance with the requirements of Regulation
AB.

(b)                 On
the Closing Date, the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Trustee and the Operating
Advisor each acknowledge and agree that Exhibit O to this Agreement sets forth the Relevant Servicing Criteria for such
party.

(c)               
No later than the end of each fiscal year for the Trust, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Custodian, the Operating Advisor and, if it has made (or is required to make) an Advance during such fiscal year, the Trustee shall
notify the Certificate Administrator, the Depositor, each Other Exchange Act Reporting Party and each Other Depositor as to the name of
each Servicing Function Participant utilized by it, and the Certificate Administrator shall notify the Depositor and each Other Depositor
as to the name of each Servicing Function Participant utilized by it, during such fiscal year, and each such notice will specify what
specific Servicing Criteria will be addressed in the report on assessment of compliance prepared by such Servicing Function Participant.
When the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Trustee (if applicable), the Operating
Advisor and any Servicing Function Participant submit their assessments pursuant to Section 10.09(a) of this Agreement, such
parties will also at such time include the assessment (and related attestation pursuant to Section 10.10 of this Agreement)
of each Servicing Function Participant engaged by it. The fiscal year for the Trust shall be January 1 through and including December 31
of each calendar year.

(d)              
In the event the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Trustee (if it has made,
or is required to make, an Advance during the applicable period) or the Operating Advisor is terminated or resigns pursuant to the terms
of this Agreement, such party shall provide, and each such party shall cause (or, if the Servicing Function Participant is a Mortgage
Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause) any Servicing Function Participant of such party to
provide (and the Master Servicer, the Special Servicer and the Certificate Administrator shall, with respect to any Servicing Function
Participant that resigns or is terminated under any applicable servicing agreement, cause such Servicing Function Participant (or, in
the case of each Servicing Function Participant that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts
to cause such Servicing Function Participant) to provide) an annual assessment of compliance pursuant to this Section 10.09,
coupled with an attestation as required in Section 10.10 of this Agreement with respect to the period of time that the Master
Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Trustee (if it has made, or is required to make, an
Advance during such period of time) or the Operating Advisor was subject to this Agreement or the period of time that the applicable Servicing
Function Participant was subject to such other servicing agreement.

With respect to each Outside
Serviced Mortgage Loan serviced under the applicable Outside Servicing Agreement, the Certificate Administrator shall use commercially
reasonable efforts to obtain, and upon receipt deliver to the Depositor, an annual report on assessment of

    	 	- 506 -	 

     

    

compliance as described in this Section and
an attestation as described in Section 10.10 from the related Outside Servicer, Outside Special Servicer, Outside Custodian,
Outside Trustee and Outside Paying Agent or Outside Certificate Administrator and in form and substance similar to the annual report on
assessment of compliance described in this Section 10.09 and the attestation described in Section 10.10.

Section 10.10        
Annual Independent Public Accountants’ Servicing Report. On or before March 1 of each year, commencing in March 2023,
the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Operating Advisor and, if it has made (or
is required to make) an Advance during the applicable calendar year, the Trustee, each at its own expense, shall cause (and each of the
preceding parties, as applicable, (i) with respect to any Servicing Function Participant of such party that is a Mortgage Loan Seller
Sub-Servicer, shall use commercially reasonable efforts to cause such Servicing Function Participant to cause, and (ii) with
respect to any other Servicing Function Participant of such party (other than any party to this Agreement), shall cause such Servicing
Function Participant to cause) a registered public accounting firm (which may also render other services to the Master Servicer, the Special
Servicer, the Certificate Administrator, the Custodian, the Trustee, the Operating Advisor or the applicable Servicing Function Participant,
as the case may be) and that is a member of the American Institute of Certified Public Accountants to furnish a report (together with
a copy thereof in EDGAR-Compatible Format, or in such other format as otherwise agreed upon by the Depositor, the Certificate Administrator,
the applicable Other Depositor, the applicable Other Exchange Act Reporting Party and the applicable party required to furnish, or cause
to be furnished, such report under this Section 10.10) to the Certificate Administrator, the Serviced Companion Loan Holders
(or, in the case of a Serviced Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor and Other
Exchange Act Reporting Party), the Operating Advisor (only in the case of a report furnished on behalf of the Special Servicer) and the
Depositor, and, prior to the occurrence and continuance of a Consultation Termination Event, the Controlling Class Representative
and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement,
the Rule 17g-5 Information Provider, to the effect that (i) it has obtained a representation regarding certain matters from
the management of such Reporting Servicer, which includes an assertion that such Reporting Servicer has complied with the Relevant Servicing
Criteria and (ii) on the basis of an examination conducted by such firm in accordance with standards for attestation engagements
issued or adopted by the Public Company Accounting Oversight Board, it is expressing an opinion as to whether such Reporting Servicer’s
compliance with the Relevant Servicing Criteria was fairly stated in all material respects, or it is not expressing an overall opinion
regarding such Reporting Servicer’s assessment of compliance with the Relevant Servicing Criteria. In the event that an overall
opinion cannot be expressed, such registered public accounting firm shall state in such report why it was unable to express such an opinion.
Each such related accountant’s attestation report shall be made in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation
S-X under the Act and the Exchange Act. Such report must be available for general use and not contain restricted use language. Copies
of such statement will be provided to any Certificateholder, upon the written request thereof, by the Certificate Administrator.

Promptly after receipt of
such report from the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Trustee (if applicable),
the Operating Advisor or any Servicing Function Participant, (i) the Depositor and each Other Depositor may review the report and,
if applicable, consult with the Master Servicer, the Special Servicer, the Certificate

    	 	- 507 -	 

     

    

Administrator, the Custodian, the Trustee (if
applicable) or the Operating Advisor as to the nature of any defaults by the Master Servicer, the Special Servicer, the Certificate Administrator,
the Custodian, the Trustee (if applicable), the Operating Advisor or any Servicing Function Participant with which it has entered into
a servicing relationship with respect to the Mortgage Loans or the Companion Loans, as the case may be, in the fulfillment of any of the
Master Servicer’s, the Special Servicer’s, the Certificate Administrator’s, the Custodian’s, the Trustee’s
(if applicable), the Operating Advisor’s or the applicable Servicing Function Participants’ obligations hereunder or under
the applicable sub servicing or primary servicing agreement, and (ii) the Certificate Administrator shall confirm that each accountants’
attestation report submitted pursuant to this Section relates to an assessment of compliance meeting the requirements of Section 10.09
of this Agreement and notify the Depositor of any exceptions.

Section 10.11         
Significant Obligors.

(a)              
[Reserved]

(b)                 With
respect to any Significant Obligor with respect to an Other Securitization Trust as to which the applicable Other Depositor has notified
the Master Servicer that such Significant Obligor with respect to such Other Securitization Trust exists, to the extent that the Master
Servicer is in receipt of the updated financial statements of such Significant Obligor for any calendar quarter (other than the fourth
calendar quarter of any calendar year), beginning with the first calendar quarter following receipt of notice from the Other Depositor
that such Significant Obligor with respect to such Other Securitization Trust exists, or the updated financial statements of such Significant
Obligor for any calendar year, beginning for the calendar year following such notice from the Other Depositor, as applicable, the Master
Servicer shall deliver to the Other Depositor and the Other Exchange Act Reporting Party of such Other Securitization Trust, on or prior
to the day that occurs two (2) Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or four (4) Business
Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable, (A) if such financial statement receipt occurs
twelve (12) or more Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or fourteen (14) or more Business
Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable, such financial statements of such Significant
Obligor, together with the net operating income of such Significant Obligor for the applicable period as calculated by the Master Servicer
in accordance with CREFC® guidelines and (B) if such financial statement receipt occurs less than twelve (12) Business
Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or less than fourteen (14) Business Days prior to the related
Significant Obligor NOI Yearly Filing Deadline, as applicable, such financial statements of such Significant Obligor, together with the
net operating income of such Significant Obligor for the applicable period as reported by the related Mortgagor in such financial statements.

If the Master Servicer does
not receive financial information satisfactory to comply with Item 6 of Form 10-D or Item 1112(b)(1) of Form 10-K, as the case
may be, of any Significant Obligor with respect to an Other Securitization Trust by the date on which such financial information is required
to be delivered under the related Loan Documents, the Master Servicer (i) shall use efforts consistent with the Servicing Standard
(taking into account, in addition, the

    	 	- 508 -	 

     

    

ongoing reporting obligations of the related
Other Depositor under the Exchange Act) to obtain the periodic financial statements of the related Mortgagor under the related Loan Documents,
(ii) shall (and shall cause each applicable Sub-Servicing Agreement to require any related Sub-Servicer to) retain written
evidence of each instance in which it (or a Sub-Servicer) attempts to contact the related Mortgagor to obtain the required financial
information, and (iii) if unsuccessful, shall, no later than five (5) Business Days prior to the related Significant Obligor NOI
Quarterly Filing Deadline or the related Significant Obligor NOI Yearly Filing Deadline, as applicable, forward an Officer’s Certificate
evidencing its attempts to obtain this information to the Other Exchange Act Reporting Party and Other Depositor related to such Other
Securitization Trust.

For the avoidance of doubt,
the Special Servicer shall be responsible for collecting the financial statements and calculating net operating income with respect to
Specially Serviced Mortgage Loans and REO Properties as provided in Section 3.03(a) and Section 4.02(b).

Section 10.12        
Indemnification. Each of the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator, the Custodian and the Trustee (each an “Indemnifying Party”) shall indemnify and hold
harmless each Certification Party, the Depositor, each Other Depositor, any employee, director or officer of the Depositor or any Other
Depositor, and each other person, if any, who controls the Depositor or any Other Depositor within the meaning of either Section 15
of the Securities Act or Section 20 of the Exchange Act from and against any claims, losses, damages, penalties, fines, forfeitures,
legal fees and expenses and related costs, judgments and other costs and expenses (including without limitation reasonable attorney’s
fees and expenses related to the enforcement of this indemnity and the costs of investigation, legal defense and any amounts paid in settlement
of any claim or litigation) incurred by such indemnified party arising out of: (i) the failure of any Indemnifying Party to perform
its obligations under this Article X; (ii) the failure of any Servicing Function Participant or Additional Servicer retained
by it (other than a Mortgage Loan Seller Sub-Servicer) to perform its obligations under this Article X; (iii) any untrue
statement of a material fact contained in any information (x) regarding the Indemnifying Party or any Servicing Function Participant,
Additional Servicer or Subcontractor engaged by it (other than any Mortgage Loan Seller Sub-Servicer), (y) prepared by any such
party described in clause (x) or any registered public accounting firm, attorney or other agent retained by such party to prepare
such information and (z) delivered by or on behalf of such Indemnifying Party in connection with the performance of such Indemnifying
Party’s obligations described in this Article X, or the omission to state in any such information a material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, that such Indemnifying
Party shall be entitled to participate at its own expense in any action arising out of the foregoing and the Depositor shall consult with
such Indemnifying Party with respect to any litigation or audit strategy, as applicable, in connection with the foregoing and any potential
settlement terms related thereto (provided that any such consultation shall be non-binding); (iv) negligence, bad faith or willful
misconduct on the part of the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Certificate
Administrator, the Custodian or the Trustee, as

    	 	- 509 -	 

     

    

applicable, in the performance of such obligations;
or (v) any Deficient Exchange Act Deliverable with respect to such Indemnifying Party.

In addition, each of the
Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Custodian
and the Trustee shall cooperate (and (i) with respect to each Servicing Function Participant and Additional Servicer of such party that
is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such Servicing Function Participant or
Additional Servicer to cooperate, and (ii) with respect to any other Servicing Function Participant or Additional Servicer of such party,
shall cause such Servicing Function Participant or Additional Servicer to cooperate) with the Depositor or any Other Depositor, as applicable,
as necessary for the Depositor or any Other Depositor, as applicable, to conduct any reasonable due diligence necessary to evaluate and
assess any material instances of non-compliance disclosed in any of the deliverables required by the applicable reporting requirements
under the Securities Act, the Exchange Act, the Sarbanes-Oxley Act and the rules and regulations promulgated thereunder (“Reporting
Requirements”).

In connection with comments
provided to the Depositor or any Other Depositor from the Commission regarding (x) information delivered by the Master Servicer, the Special
Servicer, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Custodian, the Trustee, a Servicing
Function Participant or an Additional Servicer, as applicable (“Affected Reporting Party”), (y) information regarding
such Affected Reporting Party, and/or (z) information prepared by such Affected Reporting Party or any registered public accounting firm,
attorney or other agent retained by such party to prepare such information, which information is contained in a report filed by the Depositor
or any Other Depositor under the Reporting Requirements and which comments are received subsequent to the Depositor’s or any Other
Depositor’s filing of such report, the Depositor or any Other Depositor shall promptly provide to such Affected Reporting Party
any such comments which relate to such Affected Reporting Party. Such Affected Reporting Party shall be responsible for timely preparing
a written response to the Commission for inclusion in the Depositor’s or any Other Depositor’s response to the Commission,
unless such Affected Reporting Party elects, with the consent of the Depositor or any Other Depositor, as applicable (which consent shall
not be unreasonably denied, withheld or delayed), to directly communicate with the Commission and negotiate a response and/or resolution
with the Commission; provided, if an Affected Reporting Party is a Servicing Function Participant or Additional Servicer retained
by the Master Servicer, the Master Servicer shall receive copies of all material communications pursuant to this paragraph. If such election
is made, the applicable Affected Reporting Party shall be responsible for directly negotiating such response and/or resolution with the
Commission in a timely manner; provided, that (i) such Affected Reporting Party shall use reasonable efforts to keep the Depositor
or any Other Depositor informed of its progress with the Commission and copy the Depositor or any Other Depositor on all correspondence
with the Commission and provide the Depositor or any Other Depositor with the opportunity to participate (at the Depositor’s or
Other Depositor’s expense) in any telephone conferences and meetings with the Commission and (ii) the Depositor or any Other
Depositor shall cooperate with such Affected Reporting Party in order to authorize such Affected Reporting Party and its representatives
to respond to and negotiate directly with the Commission with respect to any comments from the Commission relating to such Affected Reporting
Party and to notify the Commission of such authorization. The Depositor (or any Other Depositor) and the applicable

    	 	- 510 -	 

     

    

Affected Reporting Party shall cooperate and
coordinate with one another with respect to any requests made to the Commission for extension of time for submitting a response or compliance.
All respective reasonable out-of-pocket costs and expenses incurred by the Depositor or any Other Depositor (including reasonable
legal fees and expenses of outside counsel to the Depositor or any Other Depositor, as the case may be) in connection with the foregoing
(other than those costs and expenses required to be at the Depositor’s or any Other Depositor’s expense as set forth above)
and any amendments to any reports filed with the Commission related to the foregoing shall be promptly paid by the applicable Affected
Reporting Party upon receipt of an itemized invoice from the Depositor or any Other Depositor, as the case may be. Each of the Master
Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian and the Trustee shall use commercially
reasonable efforts to cause any Servicing Function Participant or Additional Servicer retained by it to comply with the foregoing by inclusion
of similar provisions (or by inclusion of a reference to, and an obligation to comply with, this paragraph) in the related sub-servicing
or similar agreement.

The Master Servicer, the
Special Servicer, the Operating Advisor, the Custodian, the Trustee and the Certificate Administrator shall cause each Servicing Function
Participant of such party that is not a Mortgage Loan Seller Sub-Servicer (and with respect to any Servicing Function Participant
of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such Servicing Function
Participant) to indemnify and hold harmless each Certification Party, the Depositor, each Other Depositor, any employee, director or officer
of the Depositor or any Other Depositor, and each other person, if any, who controls the Depositor or any Other Depositor within the meaning
of either Section 15 of the Securities Act or Section 20 of the Exchange Act from and against any and all claims, losses, damages,
penalties, fines, forfeitures, legal fees and expenses and related costs, judgments and any other costs, fees and expenses (including
without limitation reasonable attorneys’ fees and expenses related to the enforcement of such indemnity and the costs of investigation,
legal defense and any amounts paid in settlement of any claim or litigation) incurred by such indemnified party arising out of (i) a
breach of its obligations to provide any of the annual compliance statements or annual servicing criteria compliance reports or attestation
reports pursuant to the applicable sub-servicing or primary servicing agreement, (ii) negligence, bad faith or willful misconduct
on its part in the performance of such obligations, (iii) other than in the case of the Operating Advisor, any failure by such Servicer
(as defined in Section 10.02(b)) to identify a Servicing Function Participant pursuant to Section 10.02(c), or
(iv) any Deficient Exchange Act Deliverable with respect to such Servicing Function Participant.

If the indemnification provided
for in, or contemplated by, any of the preceding paragraphs of this Section 10.12 is unavailable or insufficient to hold harmless
any Certification Party, the Depositor, any Other Depositor, any employee, director or officer of the Depositor or any Other Depositor,
or any other person who controls the Depositor or any Other Depositor within the meaning of either Section 15 of the Securities Act
or Section 20 of the Exchange Act, then the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer, the Certificate Administrator, the Trustee, the Additional Servicer or other Servicing Function Participant (the “Performing
Party”) shall contribute to the amount paid or payable to the indemnified party as a result of the losses, claims, damages or
liabilities of the indemnified party in such proportion as is appropriate to reflect the relative fault of the indemnified party on the
one hand and the Performing Party on the other in connection with a breach of the Performing Party’s

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obligations pursuant to this Article X
(or breach of its obligations under the applicable sub-servicing or primary servicing agreement to provide any of the annual compliance
statements or annual servicing criteria compliance reports or attestation reports) or the Performing Party’s negligence, bad faith
or willful misconduct in connection therewith. The Master Servicer, the Special Servicer, the Operating Advisor, the Trustee and the Certificate
Administrator shall cause each Servicing Function Participant of such party that is not a Mortgage Loan Seller Sub-Servicer (and with
respect to any Servicing Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable
efforts to cause such Servicing Function Participant) to agree to the foregoing indemnification and contribution obligations. This Section 10.12
shall survive the termination of this Agreement or the earlier resignation or removal of the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Trustee or the Certificate Administrator.

Section 10.13            Amendments.
This Article X may be amended by the parties hereto pursuant to Section 12.07 of this Agreement for purposes of
complying with Regulation AB, the Act or the Exchange Act and/or to conform to standards developed within the commercial mortgage-backed
securities market and the Sarbanes-Oxley Act or for purposes of designating the Certifying Person without any Opinions of Counsel,
Officer’s Certificates, Rating Agency Confirmations or the consent of any Certificateholder or the Uncertificated VRR Interest
Owner, notwithstanding anything to the contrary contained in this Agreement.

Section 10.14            Regulation
AB Notices. With respect to any notice required to be delivered by the Certificate Administrator to the Depositor pursuant to this
Article X, the Certificate Administrator may deliver such notice, notwithstanding any contrary provision in this Agreement, via
facsimile and electronic mail to Citigroup Commercial Mortgage Securities Inc., 388 Greenwich Street, 6th Floor, New York, New
York 10013, Attention: Richard Simpson, telecopy number: (646) 328-2943, e-mail: richard.simpson@citi.com, with
a copy to Citigroup Commercial Mortgage Securities Inc., 390 Greenwich Street, 5th Floor, New York, New York 10013, Attention: Raul Orozco,
telecopy number: (347) 394-0898, e-mail: raul.d.orozco@citi.com, and with a copy to Citigroup Commercial Mortgage Securities
Inc., 388 Greenwich Street, 17th Floor, New York, New York 10013, Attention: Ryan M. O’Connor, telecopy number: (646) 862-8988,
e-mail: ryan.m.oconnor@citi.com, or to such other address(es), facsimile numbers and/or electronic mail addresses as may be
designated by the Depositor.

Section 10.15      
Termination of the Certificate Administrator. Notwithstanding anything to the contrary contained in this Agreement, the
Depositor may terminate the Certificate Administrator upon five (5) Business Days’ notice if the Certificate Administrator fails
to comply with any of its obligations under this Article X; provided that (a) such termination shall not be effective
until a successor Certificate Administrator shall have accepted the appointment, (b) the Certificate Administrator may not be terminated
if (i) it cannot perform its obligations due to its failure to properly prepare or file on a timely basis, on behalf of the Trust,
any Form 8-K, Form 10-K, Form 10-D or Form ABS-EE or any amendments to such forms or any Form 12b-25
where such failure results from the Certificate Administrator’s inability or failure to receive, within the exact time frames set
forth in this Agreement any information, approval, direction or signature from any other party hereto needed to prepare, arrange for execution
or file any such Form 8-K, Form 10-K, Form 10-D or Form ABS-EE or any amendments to such forms or any Form 12b-25
not resulting from its own negligence, bad faith or willful misconduct, or (ii) following the

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Certificate Administrator’s failure to
comply with any of such obligations under this Article X on or prior to the dates by which such obligations are to be performed
pursuant to, and as set forth in, such Sections, the Certificate Administrator subsequently complies with such obligations before the
Depositor gives written notice to it that it is terminated in accordance with this Section 10.15, and (c) if the Certificate
Administrator’s failure to comply does not cause it to fail in its obligations to timely file, on behalf of the Trust, the related
Form 8-K, Form 10-D, Form ABS-EE or Form 10-K, as the case may be, by the related deadline for filing such
Form 8-K, Form 10-D, Form ABS-EE or Form 10-K, then the Depositor shall cease to have the right to terminate
the Certificate Administrator under this Section 10.15 on the date on which such Form 8-K, Form 10-D, Form
ABS-EE or Form 10-K is so filed.

Section 10.16        
Termination of the Master Servicer or the Special Servicer. Notwithstanding anything to the contrary contained in this Agreement,
the Depositor may terminate the Master Servicer or the Special Servicer upon five (5) Business Days’ notice if the Master Servicer
or the Special Servicer, as applicable, fails to comply with any of its respective obligations under this Article X and such failure
is not remedied within (A) one (1) Business Day in the case of a failure to comply with any obligation under Sections 10.02, 10.04,
10.07 and 10.11 or to otherwise deliver any item relating to a Reportable Event under this Article X, or (B) five (5)
Business Days in the case of a failure to comply with any obligation under this Article X that is not described in clause (A) above;
provided that such termination shall not be effective until a successor master servicer or special servicer, as applicable, shall
have accepted the appointment.

Section 10.17           Termination
of Sub-Servicing Agreements. For so long as the Trust or any Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, each of the Master Servicer, the Special Servicer, the Custodian, the Certificate Administrator and the Trustee,
as applicable, shall (i) cause each Sub-Servicing Agreement (with respect to the Master Servicer or the Special Servicer)
or sub-servicing agreement (with respect to any other Servicer) to which it is a party to entitle the Depositor to terminate such
agreement (without compensation, termination fee or the consent of any other Person) at any time following any failure of the applicable
Sub-Servicer or sub-servicer, as applicable, to deliver any Exchange Act reporting items that such Sub-Servicer or sub-servicer,
as applicable, is required to deliver under Regulation AB or as otherwise contemplated by this Article X and (ii) promptly
notify the Depositor following any failure of the applicable Sub-Servicer or sub-servicer, as applicable, to deliver any Exchange
Act reporting items that such Sub-Servicer or sub-servicer, as applicable, is required to deliver under Regulation AB or as otherwise
contemplated by this Article X. The Depositor is hereby authorized to exercise the rights described in clause (i) of the
preceding sentence in its sole discretion. The rights of the Depositor to terminate a Sub-Servicing Agreement (with respect to the
Master Servicer or the Special Servicer) or sub-servicing agreement (with respect to any other Servicer) as aforesaid shall not limit
any right Master Servicer, the Special Servicer, the Custodian, the Certificate Administrator or the Trustee, as applicable, may have
to terminate such Sub-Servicing Agreement or sub-servicing agreement, as applicable.

Section 10.18       
Notification Requirements and Deliveries in Connection With Securitization of a Serviced Companion Loan.

(a)              
Any other provision of this Article X to the contrary notwithstanding, including, without limitation, any deadlines
for delivery set forth in this Article X, in

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connection with the requirements contained
in this Article X that provide for the delivery of information and other items to, and the cooperation with, the Other Depositor
and Other Exchange Act Reporting Party of any Other Securitization Trust that includes a Serviced Companion Loan, no party hereunder shall
be obligated to provide any such items to or cooperate with such Other Depositor or Other Exchange Act Reporting Party until the Other
Depositor or Other Exchange Act Reporting Party of such Other Securitization Trust has provided each party hereto with not less than 30 days
written notice (or, in each case, such shorter period as required for such Other Depositor or Other Exchange Act Reporting Party to comply
with related filing obligations, provided that (i) such Other Depositor or Other Exchange Act Reporting Party, as applicable, has provided
written notice as soon as reasonably practicable and, concurrently with such written notice, obtained verbal confirmation of receipt of
such written notice, in each case, in accordance with Section 12.04 of this Agreement and (ii) such period shall not be less
than 3 Business Days) (which shall only be required to be delivered once), (i) setting forth the contact information for such Person(s)
and, except as regards the deliveries and cooperation contemplated by Section 10.08, Section 10.09 and Section 10.10
of this Agreement, stating that such Other Securitization Trust is subject to the reporting requirements of the Exchange Act, and (ii) specifying
in reasonable detail the information and other items not otherwise specified in this Agreement that are requested to be delivered; provided
that if Exchange Act reporting is being requested, such Other Depositor or Other Exchange Act Reporting Party is only required to provide
a single written notice to such effect; provided further, that this notice requirement does not apply to any Serviced Companion
Loan that is included in any Other Securitization as of the Closing Date. Any reasonable cost and expense of the Master Servicer, Special
Servicer, Operating Advisor, the Asset Representations Reviewer, Custodian, Trustee and Certificate Administrator in cooperating with
such Other Depositor or Other Exchange Act Reporting Party of such Other Securitization Trust (above and beyond their expressed duties
hereunder) shall be the responsibility of such Other Depositor or Other Securitization Trust. The parties hereto shall have the right
to confirm in good faith with the Other Depositor of such Other Securitization Trust as to whether applicable law requires the delivery
of the items identified in this Article X to such Other Depositor and Other Exchange Act Reporting Party of such Other Securitization
Trust prior to providing any of the reports or other information required to be delivered under this Article X in connection
therewith and (i) upon such confirmation, the parties shall comply with the deadlines for delivery set forth in this Article X
with respect to such Other Securitization Trust or (ii) in the absence of such confirmation, the parties shall not be required to deliver
such items; provided that no such confirmation will be required in connection with any delivery of the items contemplated by Section 10.08,
Section 10.09 and Section 10.10 of this Agreement. Such confirmation shall be deemed given if the Other Depositor
or Other Exchange Act Reporting Party for the Other Securitization Trust provides a written statement to the effect that the Other Securitization
Trust is subject to the reporting requirements of the Exchange Act and the appropriate party hereto receives such written statement. The
parties hereunder shall also have the right to require that such Other Depositor provide them with the contact details of such Other Depositor,
Other Exchange Act Reporting Party and any other parties to the Other Pooling and Servicing Agreement relating to such Other Securitization
Trust.

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(b)                 Each of the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall, upon reasonable prior
written request given in accordance with the terms of Section 10.18(a) above, and subject to a right of the Master Servicer,
Special Servicer, the Certificate Administrator or Trustee, as the case may be, to review and approve such disclosure materials, permit
a holder of a related Serviced Companion Loan to use such party’s description contained in the Prospectus (updated as appropriate
by the Master Servicer, the Special Servicer, Certificate Administrator or Trustee, as applicable, at the reasonable cost of the holder
of such Serviced Companion Loan) for inclusion in the disclosure materials relating to any securitization of a Serviced Companion Loan.

(c)                  The
Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, upon reasonable prior written request given in
accordance with the terms of Section 10.18(a) above, shall each timely provide (to the extent the reasonable cost thereof
is paid or caused to be paid by the holder of the related Serviced Companion Loan) to the Other Depositor and any underwriters with respect
to any securitization transaction that includes a Serviced Companion Loan such opinion(s) of counsel, certifications and/or indemnification
agreement(s) with respect to the updated description referred to in Section 10.18(b) with respect to such party, substantially
identical to those, if any, delivered by the Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator, as
the case may be, or their respective counsel, in connection with the information concerning such party in the Prospectus and/or any other
disclosure materials relating to this Trust (updated as deemed appropriate by the Master Servicer, the Special Servicer, the Trustee
or the Certificate Administrator, or their respective legal counsel, as the case may be). None of the Master Servicer, the Special Servicer,
the Trustee or the Certificate Administrator shall be obligated to deliver any such item with respect to the securitization of a Serviced
Companion Loan if it did not deliver a corresponding item with respect to this Trust.

(d)                  Each
of the Master Servicer, the Special Servicer, the Trustee and the Certificate Administrator, upon reasonable prior written request given
in accordance with the terms of Section 10.18(a) above, shall provide (to the extent the reasonable cost thereof is paid
or caused to be paid by the applicable party set forth below in this Section 10.18(d)) to the Other Depositor and the trustee
under the Other Pooling and Servicing Agreement related to any Other Securitization Trust the following: (i) any information (including,
but not limited to, disclosure information) required for such Other Securitization Trust to comply in a timely manner with applicable
filing requirements under Items 1.01 and 6.02 of Form 8-K and (ii) such opinion(s) of counsel, certifications and/or indemnification
agreement(s) with respect to such information that are substantially similar to those delivered by the Master Servicer, the Special Servicer,
the Trustee or the Certificate Administrator, as the case may be, or their respective counsel, in connection with the information concerning
such party in the Prospectus and/or any other disclosure materials relating to this Trust.

In the case of a Form 8-K
that is filed by or on behalf of an Other Securitization Trust in connection with the closing of this Series 2022-GC48 securitization
transaction, the reasonable cost of the information, opinion(s) of counsel, certifications and indemnification

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agreement(s) provided by or on behalf of the
Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as the case may be, pursuant to this Section 10.18(d)
shall be paid or caused to be paid by the applicable Serviced Companion Loan Holder that transferred the related Serviced Companion Loan
to the related Other Depositor for inclusion in such Other Securitization Trust.

In the case of a Form 8-K
that is filed by or on behalf of an Other Securitization Trust as a result of the termination, removal, resignation or any other replacement
of the Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator under this Agreement, the reasonable cost of
the information, opinion(s) of counsel, certifications and indemnification agreement(s) provided by or on behalf of the Master Servicer,
the Special Servicer, the Certificate Administrator or the Trustee, as the case may be, pursuant to this Section 10.18(d)
shall be paid or caused to be paid by the same party or parties required to pay the costs and expenses relating to such termination, removal,
resignation or other replacement pursuant to this Agreement.

Section 10.19         
Termination of Exchange Act Filings With Respect to the Trust. On or prior to January 30th of the first year in which
the Depositor shall provide notice to the Certificate Administrator of its ability under applicable law, to suspend its Exchange Act filings
with respect to the Trust, the Certificate Administrator shall prepare and file a Form 15 Suspension Notification relating to the suspension
of reporting in respect of the Trust under the Exchange Act or any other form necessary to be filed with the Commission to suspend such
reporting obligations. With respect to any reporting period occurring after the filing of such form, the obligations of the parties to
this Agreement under Section 10.04, Section 10.05, Section 10.06 and Section 10.07, solely
insofar as they relate to the Trust, shall be suspended. The Certificate Administrator shall provide prompt notice to the Mortgage Loan
Sellers and all other parties hereto that such form has been filed. If, after the filing of a Form 15 Suspension Notification or other
applicable form, the Depositor shall provide notice to the Certificate Administrator that it is required to resume its Exchange Act filings
with respect to the Trust, the Certificate Administrator shall recommence preparing and filing reports on Forms 10-K, 10-D, ABS-EE
and 8-K with respect to the Trust as required pursuant to Section 10.04, Section 10.05, Section 10.06
and Section 10.07, and all parties’ obligations under this Article X shall recommence.

Article
XI

ASSET REVIEW PROVISIONS

Section 11.01         
Asset Review.

(a)               
On or prior to each Distribution Date, based on the CREFC® Delinquent Loan Status Report and/or the CREFC®
Loan Periodic Update File delivered by the Master Servicer for such Distribution Date, the Certificate Administrator shall determine
if an Asset Review Trigger has occurred during the related Collection Period. If an Asset Review Trigger is determined to have occurred,
the Certificate Administrator shall promptly provide notice to the Asset Representations Reviewer, the Master Servicer, the Special Servicer,
all Certificateholders and the Uncertificated VRR Interest Owner. Any notice required to be delivered to the Certificateholders and the
Uncertificated VRR Interest Owner pursuant to this Article XI shall be delivered by the Certificate

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Administrator (i) by posting such notice
on the Certificate Administrator’s Website and (ii) by mailing such notice to the Certificateholders’ addresses or the Uncertificated
VRR Interest Owner’s address appearing in the Certificate Register in the case of Definitive Certificates or the Uncertificated
VRR Interest and by delivering such notice via the Depository in the case of Book-Entry Certificates. The Certificate Administrator
shall include in the Form 10-D relating to the Collection Period in which the Asset Review Trigger occurred, notice of its determination
together with the following statement describing the events that caused the Asset Review Trigger to occur: “As of the [Date of Distribution],
the following Mortgage Loans identified below are 60 or more days delinquent and an Asset Review Trigger as defined in the Pooling
and Servicing Agreement has occurred.” On each Distribution Date occurring after providing such notice to Certificateholders and
the Uncertificated VRR Interest Owner, the Certificate Administrator, based on information provided to it by the Master Servicer and/or
the Special Servicer, as applicable, shall determine whether (1) any additional Mortgage Loan has become a Delinquent Loan, (2) any
Mortgage Loan has ceased to be a Delinquent Loan and (3) whether an Asset Review Trigger has ceased to exist, and, if there is an
occurrence of any of the events or circumstances identified in clauses (1), (2) and/or (3), deliver such information in a written
notice (which may be via email) in the form of Exhibit LL within two (2) Business Days of such determination to the Master
Servicer, the Special Servicer, the Operating Advisor and the Asset Representations Reviewer.

If Certificateholders evidencing
not less than 5% of the Voting Rights of the Certificates deliver to the Certificate Administrator, within 90 days after the filing
of the Form 10-D reporting the occurrence of an Asset Review Trigger, a written direction requesting a vote to commence an Asset Review
(an “Asset Review Vote Election”), then the Certificate Administrator shall promptly provide written notice thereof
to the Asset Representations Reviewer and to all Certificateholders and conduct a solicitation of votes in accordance with Section 5.12
regarding whether to authorize an Asset Review. In the event there is an affirmative vote to authorize an Asset Review by Holders of Certificates
evidencing at least a majority of an Asset Review Quorum within 150 days of receipt of the Asset Review Vote Election (an “Affirmative
Asset Review Vote”), the Certificate Administrator shall promptly provide written notice thereof (the “Asset Review
Notice”) to all parties to this Agreement, the Underwriters, the Mortgage Loan Sellers, the applicable Directing Holder, the
Risk Retention Consultation Parties and the Certificateholders (such notice to Certificateholders to be effected by posting such notice
on the Certificate Administrator’s Website and by mailing such notice to the Certificateholders’ addresses appearing in the
Certificate Register in the case of Definitive Certificates and by delivering such notice via the Depository in the case of Book-Entry
Certificates). Upon receipt of an Asset Review Notice, the Asset Representations Reviewer shall request access to the Secure Data Room
by providing the Certificate Administrator with a certification substantially in the form attached hereto as Exhibit KK. Upon
receipt of such certification, the Certificate Administrator shall grant the Asset Representations Reviewer access to the Secure Data
Room. In the event an Affirmative Asset Review Vote has not occurred within such 150-day period following the receipt of the Asset
Review Vote Election, no Certificateholder may request a vote or cast a vote for an Asset Review and the Asset Representations Reviewer
will not be required to review any Delinquent Loan unless and until (A) an additional Mortgage Loan has become a Delinquent Loan
after the expiration of such 150-day period, (B) a new Asset Review Trigger has occurred as a result or an Asset Review Trigger
is otherwise in effect, (C) the Certificate Administrator has received an Asset Review Vote

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Election within 90 days after the filing
of a Form 10-D reporting the occurrence of the events described in clauses (A) and (B) in this sentence and (D) an Affirmative
Asset Review Vote has occurred within 150 days after the Asset Review Vote Election described in clause (C) in this sentence.
After the occurrence of any Asset Review Vote Election or an Affirmative Asset Review Vote, no Certificateholder may make any additional
Asset Review Vote Election except as described in the immediately preceding sentence. Any reasonable out-of-pocket expenses incurred
by the Certificate Administrator in connection with administering such vote will be paid as an expense of the Trust from the Collection
Account. The Certificate Administrator shall be entitled to administer any vote in connection with the foregoing through an agent. For
the avoidance of doubt, the Asset Representations Reviewer shall not perform any Asset Review with respect to the Trust Subordinate Companion
Loan at any time.

(b)                 (i)Upon
receipt from the Certificate Administrator of an Asset Review Notice with respect to a Delinquent Loan, the Custodian (with respect to
clauses (1) – (5) below for all of the Mortgage Loans), the Master Servicer (with respect to clause (6) below for
Non-Specially Serviced Loans) and the Special Servicer (with respect to clause (6) below for Specially Serviced Loans) shall
promptly (but (except with respect to clause (6)) in no event later than ten (10) Business Days after receipt of such notice from
the Certificate Administrator) provide, in electronic format, the following materials for such Delinquent Loan, in each case to the extent
in such party’s possession, to the Asset Representations Reviewer (collectively, with the Diligence Files posted on the Secure
Data Room by the Certificate Administrator pursuant to Section 4.09, a copy of the Prospectus, a copy of each related Mortgage
Loan Purchase Agreement and a copy of this Agreement, the “Review Materials”):

(1)           a
copy of an assignment of the Mortgage in favor of the Trustee, with evidence of recording thereon, for each Delinquent Loan that is subject
to an Asset Review;

(2)           a
copy of an assignment of any related Assignment of Leases (if such item is a document separate from the Mortgage) in favor of the Trustee,
with evidence of recording thereon, related to each Delinquent Loan that is subject to an Asset Review;

(3)        
a copy of the assignment of all unrecorded documents relating to each Delinquent Loan that is subject to an Asset Review, if not already
covered pursuant to items (1) or (2) above;

(4)           a
copy of all filed copies (bearing evidence of filing) or evidence of filing of any UCC financing statements related to each Delinquent
Loan that is subject to an Asset Review;

(5)           a
copy of an assignment in favor of the Trustee of any financing statement executed and filed in the relevant jurisdiction related to each
Delinquent Loan that is subject to an Asset Review; and

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(6)           any
other related documents that are required to be part of the Review Materials and requested to be delivered by the Master Servicer (with
respect to Non-Specially Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans) to the Asset Representations
Reviewer pursuant to clause (vii) below of this Section 11.01(b).

 

(ii)               
Notwithstanding the foregoing, the Mortgage Loan Seller will not be required to deliver any information that is proprietary to
the Mortgage Loan Seller or any draft documents, privileged or internal communications, credit underwriting or due diligence analysis.

(iii)           
   The Asset Representations Reviewer may, but is under no obligation to, consider and rely upon information furnished to it by a
Person that is not a party to this Agreement or the applicable Mortgage Loan Seller, and shall do so only if such information can be independently
verified (without unreasonable effort or expense to the Asset Representations Reviewer) and is determined by the Asset Representations
Reviewer in its good faith and sole discretion to be relevant to the Asset Review conducted pursuant to this Section 11.01
(any such information, “Unsolicited Information”).

(iv)                Upon
receipt by the Asset Representations Reviewer of the Asset Review Notice and access to the Diligence Files posted to the Secure Data
Room with respect to a Delinquent Loan, the Asset Representations Reviewer, as an independent contractor, shall commence a review of
the compliance of each Delinquent Loan with the representations and warranties related to that Delinquent Loan (such review, the “Asset
Review”). The Asset Representations Reviewer shall perform an Asset Review with respect to each representation and warranty
made by the related Mortgage Loan Seller with respect to such Delinquent Loan in accordance with the Asset Review Standard and the procedures
set forth on Exhibit JJ (each such procedure, a “Test”). Once an Asset Review of a Mortgage Loan is
completed, no further Asset Review shall be required in respect of, or performed on, such Mortgage Loan notwithstanding that such Mortgage
Loan may continue to be a Delinquent Loan or again become a Delinquent Loan at a time when a new Asset Review Trigger occurs and a new
Affirmative Asset Review Vote is obtained subsequent to the occurrence of such new Asset Review Trigger.

(v)              
No Certificateholder or Uncertificated VRR Interest Owner shall have the right to change the scope of the Asset Review, and the
Asset Representations Reviewer shall not be required to review any information other than (1) the Review Materials and (2) if
applicable, Unsolicited Information.

(vi)            
The Asset Representations Reviewer may, absent manifest error and subject to the Asset Review Standard, (i) assume, without
independent investigation or verification, that the Review Materials are accurate and complete in all material respects and (ii) conclusively
rely on such Review Materials.

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(vii)           
 In connection with an Asset Review, the Asset Representations Reviewer shall comply with the following procedures with respect
to each Delinquent Loan:

(A)            
Within 10 Business Days after the date on which the Review Materials identified in clauses (i) through (v) of the definition
of “Review Materials” have been received by the Asset Representations Reviewer with respect to such Delinquent Loan or in
any event within 15 days after the date on which access to the Secure Data Room is provided to the Asset Representations Reviewer
by the Certificate Administrator, in the event that the Asset Representations Reviewer reasonably determines that any Review Materials
made available or delivered to the Asset Representations Reviewer are missing any documents required to complete any Test for such Delinquent
Loan, the Asset Representations Reviewer shall promptly notify the Master Servicer (with respect to Non-Specially Serviced Loans)
or the Special Servicer (with respect to Specially Serviced Loans), as applicable, of such missing documents, and request that the Master
Servicer or the Special Servicer, as applicable, promptly (but in no event later than 10 Business Days after receipt of notification from
the Asset Representations Reviewer) deliver to the Asset Representations Reviewer such missing documents in its possession; provided that
any such notification and/or request shall be in writing, specifically identifying the documents being requested and sent to the notice
address for the related party set forth in Section 12.04 of this Agreement. In the event any missing documents are not provided
by the Master Servicer or the Special Servicer, as applicable, within such 10-Business Day period, the Asset Representations Reviewer
shall request such documents from the related Mortgage Loan Seller; provided that the Mortgage Loan Seller will be required under
the related Mortgage Loan Purchase Agreement to deliver any such missing documents only to the extent such documents are in the possession
of the Mortgage Loan Seller; and provided, further, that the Mortgage Loan Seller will not be required to provide any documents
that are proprietary to the related originator or the Mortgage Loan Seller or any draft documents, privileged or internal communications,
credit underwriting or due diligence analysis.

(B)             
Following the events in clause (A) above, and within 45 days after the date on which access to the Secure Data Room is
provided to the Asset Representations Reviewer by the Certificate Administrator, the Asset Representations Reviewer shall prepare a preliminary
report with respect to such Delinquent Loan setting forth (i) the preliminary results of the application of the Tests, (ii) if applicable,
whether the Review Materials for such Delinquent Loan are insufficient to complete any Test, (iii) a list of any applicable missing documents
together with the reasons why such missing documents are necessary to complete any Test, and (iv) (if the Asset Representations Reviewer
has so concluded) whether the absence of such documents will be deemed to be a failure of such Test (collectively, the “Preliminary
Asset Review Report”). The Asset Representations Reviewer

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shall provide each Preliminary Asset
Review Report to the Master Servicer (with respect to Non-Specially Serviced Loans) or the Special Servicer (with respect to Specially
Serviced Loans), who shall promptly, but in no event later than 10 Business Days of receipt thereof, provide the Preliminary Asset Review
Report to the applicable Mortgage Loan Seller. The Asset Representations Reviewer shall include the following statement in the related
correspondence when providing each Preliminary Asset Review Report to the Master Servicer (with respect to Non-Specially Serviced
Loans) or the Special Servicer (with respect to Specially Serviced Loans): “This is a Preliminary Asset Review Report regarding
an Asset Review under Section 11.01 of the Pooling and Servicing Agreement relating to the Citigroup Commercial Mortgage Trust 2022-GC48,
Commercial Mortgage Pass-Through Certificates, Series 2022-GC48, requiring action by you as the recipient of such Preliminary Asset
Review Report. You are required to deliver the Preliminary Asset Review Report to the applicable Mortgage Loan Seller no later than 10
Business Days after receipt of the Preliminary Asset Review Report.” If the Preliminary Asset Review Report indicates that any of
the representations and warranties fails or is deemed to fail any Test, the applicable Mortgage Loan Seller shall have 90 days from
its receipt of the Preliminary Asset Review Report (the “Cure/Contest Period”) to remedy or otherwise refute the failure.
The applicable Mortgage Loan Seller will be required under the related Mortgage Loan Purchase Agreement to provide any documents or any
explanations to support (i) a conclusion that a subject representation and warranty has not failed a Test or (ii) a claim that any missing
documents in the Review Materials are not required to complete a Test, in any such case to the Master Servicer (with respect to Non-Specially
Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans), and the Master Servicer or the Special Servicer, as
applicable, shall promptly, but in no event later than ten (10) Business Days after receipt from the applicable Mortgage Loan Seller,
deliver to the Asset Representations Reviewer any such documents or explanations received from the applicable Mortgage Loan Seller given
to support a claim that the representation and warranty has not failed a Test or a claim that any missing documents in the Review Materials
are not required to complete a Test.

(C)             
Within the later of (x) 60 days after the date on which access to the Secure Data Room is provided to the Asset Representations
Reviewer by the Certificate Administrator, and (y) 10 Business Days after the expiration of the Cure/Contest Period, the Asset Representations
Reviewer shall complete an Asset Review with respect to each Delinquent Loan and deliver (i) a report, substantially in the form attached
hereto as Exhibit HH, setting forth the Asset Representations Reviewer’s findings and conclusions as to whether or not
it has determined there is any evidence of a failure of any Test based on the Asset Review, together with a statement that the Asset Representations
Reviewer’s findings and conclusions set forth in such report were not influenced by any third party (an “Asset Review Report”),

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to each party to this Agreement, the
related Mortgage Loan Seller and the Controlling Class Representative (if such Delinquent Loan is not an Excluded Mortgage Loan),
and (ii) a summary of the Asset Representations Reviewer’s conclusions included in such Asset Review Report (an “Asset
Review Report Summary”) , substantially in the form attached hereto as Exhibit II, to the Trustee and Certificate
Administrator (who shall include such Asset Review Report Summary in the Form 10-D relating to the Collection Period in which such
Asset Review Report Summary is received and post such Asset Review Report Summary on the Certificate Administrator’s Website in
accordance with Section 10.04(e)). The period of time by which the Asset Review Report must be completed and delivered may
be extended by up to an additional 30 days, upon written notice to the parties to this Agreement and the applicable Mortgage Loan
Seller(s), if the Asset Representations Reviewer determines pursuant to the Asset Review Standard that such additional time is required
due to the characteristics of the Delinquent Loan(s) and/or the Mortgaged Property or Mortgaged Properties. In addition, in the event
that the Asset Representations Reviewer does not receive any documentation that it requested from the Master Servicer (with respect to
Performing Serviced Loans), the Special Servicer (with respect to Specially Serviced Loans) or the applicable Mortgage Loan Seller in
sufficient time to allow the Asset Representations Reviewer to complete its Asset Review and deliver an Asset Review Report, the Asset
Representations Reviewer shall prepare the Asset Review Report solely based on the documents received by the Asset Representations Reviewer
with respect to the related Delinquent Loan, and the Asset Representations Reviewer shall have no responsibility to independently obtain
any such documents from any party to this or otherwise.

(viii)        
Within thirty (30) days after receipt of an Asset Review Report with respect to any Mortgage Loan, the Enforcing Servicer
shall determine, based on the Servicing Standard, whether there exists a Material Defect with respect to such Mortgage Loan. If the Enforcing
Servicer determines that a Material Defect exists, the Enforcing Servicer shall enforce the obligations of the related Mortgage Loan Seller
with respect to such Material Defect in accordance with Section 2.03(a).

(ix)              
In no event may the Asset Representations Reviewer determine whether any Test failure constitutes a Material Defect, or whether
the Trust should enforce any rights it may have against the applicable Mortgage Loan Seller, which, in each case, shall be the responsibility
of the Enforcing Servicer pursuant to Section 2.03(a) or Section 11.01(b)(viii) of this Agreement.

(c)                  The
Asset Representations Reviewer and its Affiliates shall keep confidential any Privileged Information received from any party to this
Agreement or any Sponsor (including, without limitation, in connection with the review of the Mortgage Loans) and not disclose such Privileged
Information to any Person (including Certificateholders and the Uncertificated VRR Interest Owner), other than (1) to the extent
expressly required by this Agreement in an Asset Review Report or otherwise, to the other

    	 	- 522 -	 

     

    

parties to this Agreement with a notice
indicating that such information is Privileged Information or (2) pursuant to a Privileged Information Exception. Each party to this
Agreement that receives Privileged Information from the Asset Representations Reviewer with a notice stating that such information is
Privileged Information shall not disclose such Privileged Information to any Person without the prior written consent of the Special Servicer
other than pursuant to a Privileged Information Exception. In addition, the Asset Representations Reviewer shall keep all documents and
information received by the Asset Representations Reviewer in connection with an Asset Review that are provided by the applicable Mortgage
Loan Seller, the Master Servicer and the Special Servicer confidential and shall not disclose such documents except for purposes of complying
with its duties and obligations hereunder.

(d)                 The
Asset Representations Reviewer may delegate its duties to agents or subcontractors so long as the related agreements or arrangements
with such agents or subcontractors are consistent with the provisions of this Section 11.01; provided that no agent
or subcontractor may (i) be affiliated with any Mortgage Loan Seller, Master Servicer, Special Servicer, the Depositor, the Certificate
Administrator, the Trustee, the Controlling Class Representative or any of their respective Affiliates or (ii) have been
paid any fees, compensation or other remuneration by an Underwriter, Master Servicer, Special Servicer, the Depositor, the Certificate
Administrator, the Trustee, the Controlling Class Representative or any of their respective Affiliates in connection with due
diligence or other services with respect to any Mortgage Loan prior to the Closing Date. Notwithstanding the foregoing sentence, the
Asset Representations Reviewer shall remain obligated and primarily liable for any Asset Review required hereunder in accordance with
the provisions of this Agreement without diminution of such obligation or liability or related obligation or liability by virtue of such
delegation or arrangements or by virtue of indemnification from any Person acting as its agents or subcontractor to the same extent and
under the same terms and conditions as if the Asset Representations Reviewer alone were performing its obligations under this Agreement.
The Asset Representations Reviewer shall be entitled to enter into an agreement with any agent or subcontractor providing for indemnification
of the Asset Representations Reviewer by such agent or subcontractor, and nothing contained in this Agreement shall be deemed to limit
or modify such indemnification.

(e)              
With respect to any Delinquent Loan that is an Outside Serviced Mortgage Loan, to the extent any documents required by the Asset
Representations Reviewer to complete a Test are missing or have not been received from the related Mortgage Loan Seller, the Asset Representations
Reviewer shall request such document(s) from the related Outside Servicer (if such Outside Serviced Mortgage Loan is being serviced by
an Outside Servicer) or the related Outside Special Servicer (if such Outside Serviced Mortgage Loan is being serviced by an Outside
Special Servicer), the related Outside Trustee and the related Outside Certificate Administrator (and, in each case, such other party
as contemplated under the related Outside Servicing Agreement or related Co-Lender Agreement).

    	 	G-523	 

     

    

Section 11.02         
Payment of Asset Representations Asset Review Fee and Expenses; Limitation of Liability.

(a)                  As
compensation for the performance of its routine duties, the Asset Representations Reviewer shall be paid as an ongoing fee (the “Asset
Representations Reviewer Ongoing Fee”), payable monthly from amounts received in respect of each Mortgage Loan (including any
Outside Serviced Mortgage Loan), and for any Distribution Date an amount accrued during the related Interest Accrual Period at 0.00039%
per annum (the “Asset Representations Reviewer Ongoing Fee Rate”) on, in the case of the initial Distribution
Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance
of such Mortgage Loan as of the close of business on the Distribution Date in such Interest Accrual Period, and shall be calculated on
the same interest accrual basis as such Mortgage Loan and prorated for any partial periods. The Asset Representations Reviewer Ongoing
Fee shall be payable from amounts on deposit in the Collection Account as set forth in Section 3.06(a). For the avoidance
of doubt, no Asset Representations Reviewer Ongoing Fee is payable with respect to the Trust Subordinate Companion Loan.

(b)              
Upon the completion of an Asset Review with respect to one or more Delinquent Loans and receipt by the related Mortgage Loan Seller
of a written invoice from the Asset Representations Reviewer, the related Mortgage Loan Seller is required under the related Mortgage
Loan Purchase Agreement to pay to the Asset Representations Reviewer within forty-five (45) days after such written invoice a
fee (the “Asset Representations Reviewer Asset Review Fee”) that is equal to the sum of: (i) $19,000 multiplied by
the number of Delinquent Loans subject to any Asset Review (for purposes of this Section 11.02(b), the “Subject Loans”)
plus (ii) $1,900 per Mortgaged Property relating to the Subject Loans in excess of one Mortgaged Property per Subject Loan, plus (iii)
$2,500 per Mortgaged Property relating to a Subject Loan subject to a Ground Lease, plus (iv) $1,400 per Mortgaged Property relating to
a Subject Loan subject to a franchise agreement, hotel management agreement or hotel license agreement, subject, in the case of each of
clauses (i) through (iv), to annual adjustments on the basis of the year-end Consumer Price Index for All Urban Consumers or, if the Consumer
Price Index for All Urban Consumers is no longer calculated, another similar index for the year of the Closing Date and for the year in
which the related Asset Review Notice is given. The Asset Representations Reviewer Asset Review Fee with respect to each Delinquent Loan
shall be paid by the related Mortgage Loan Seller (provided that, if any Co-sponsored Mortgage Loan is a Delinquent Loan, it shall be
treated as one Mortgage Loan for the purposes of assessing any Asset Representations Reviewer Asset Review Fee, and each of the related
Applicable Co-sponsors shall only be responsible for paying its proportionate share of any such Asset Representations Reviewer Asset Review
Fee attributable to such Co-sponsored Mortgage Loan (in the case of a CREFI-BMO Co-sponsored Mortgage Loan, CREFI’s proportionate
share to be determined according to the proportion that the outstanding principal balance of the portion of such CREFI-BMO Co-sponsored
Mortgage Loan evidenced by the applicable CREFI Co-sponsored Note bears to the outstanding principal balance of the entire such CREFI-BMO
Co-sponsored Mortgage Loan, and BMO’s proportionate share to be determined according to the proportion that the outstanding principal
balance of the portion of such CREFI-BMO Co-sponsored Mortgage Loan

    	 	- 524 -	 

     

    

evidenced by the applicable BMO Co-sponsored
Note bears to the outstanding principal balance of the entire such CREFI-BMO Co-sponsored Mortgage Loan; and in the case of BMO-SMC-CREFI
Co-sponsored Mortgage Loan, BMO’s proportionate share to be determined according to the proportion that the outstanding principal
balance of the portion of such BMO-SMC-CREFI Co-sponsored Mortgage Loan evidenced by the applicable BMO Co-sponsored Note bears to the
outstanding principal balance of the entire such BMO-SMC-CREFI Co-sponsored Mortgage Loan, SMC’s proportionate share to be determined
according to the proportion that the outstanding principal balance of the portion of such BMO-SMC-CREFI Co-sponsored Mortgage Loan evidenced
by the applicable SMC Co-sponsored Note bears to the outstanding principal balance of the entire such BMO-SMC-CREFI Co-sponsored Mortgage
Loan, and CREFI’s proportionate share to be determined according to the proportion that the outstanding principal balance of the
portion of such BMO-SMC-CREFI Co-sponsored Mortgage Loan evidenced by the applicable CREFI Co-sponsored Note bears to the outstanding
principal balance of the entire such BMO-SMC-CREFI Co-sponsored Mortgage Loan, in each such case, determined as of the Cut-Off Date));
provided, however, that if (1) the related Mortgage Loan Seller is insolvent or (2) at any time after the outstanding Certificate
Balances of the Control Eligible Certificates have been reduced to zero as a result of the allocation of Realized Losses to such Certificates,
the related Mortgage Loan Seller fails to pay such amount within 90 days following receipt of the Asset Representations Reviewer’s
invoice, then such fee shall be paid by the Trust Fund following delivery by the Asset Representations Reviewer of evidence reasonably
satisfactory to the Special Servicer of such insolvency or failure to pay such amount; and provided, further, that notwithstanding
any payment of such fee by the Trust to the Asset Representations Reviewer, such fee will remain an obligation of the related Mortgage
Loan Seller, and the Special Servicer shall determine whether to pursue (and, if it determines to do so, shall pursue) remedies against
such Mortgage Loan Seller or its insolvency estate to recover any such amounts to the extent paid by the Trust. If paid by the Trust Fund
as described in the immediately preceding sentence, the Asset Representations Reviewer Asset Review Fee with respect to each Delinquent
Loan shall be payable from funds on deposit in the Collection Account as set forth in Section 3.06(a).

(c)                  Notwithstanding
the foregoing, the Asset Representations Reviewer Asset Review Fee with respect to a Delinquent Loan shall be included in the Purchase
Price for any such Delinquent Loan that was the subject of a completed Asset Review that is repurchased by a Mortgage Loan Seller, and
such portion of the Purchase Price received shall be used to reimburse the Asset Representations Reviewer or the Trust, as the case may
be, for such fees pursuant to Section 11.02(b).

(d)                 The
Asset Representations Reviewer shall be liable in accordance herewith only to the extent of the obligations specifically imposed by this
Agreement.

Section 11.03        
Resignation of the Asset Representations Reviewer. The Asset Representations Reviewer may resign and be discharged from
its obligations hereunder by giving written notice thereof to the other parties to this Agreement and each Rating Agency. In addition,
the Asset Representations Reviewer shall at all times be an Eligible Asset Representations Reviewer, and shall resign if it fails to be
an Eligible Asset Representations Reviewer (and such failure results in an Asset Representations Reviewer Termination Event) by giving
written notice

    	 	- 525 -	 

     

    

to the Depositor, the Master Servicer, the
Special Servicer, the Trustee, the Operating Advisor, the Certificate Administrator and the applicable Directing Holder. Upon such notice
of resignation, the Depositor shall promptly appoint a successor asset representations reviewer that is an Eligible Asset Representations
Reviewer. No resignation of the Asset Representations Reviewer will be effective until a successor Asset Representations Reviewer that
is an Eligible Asset Representations Reviewer has been appointed and accepted the appointment. If no successor Asset Representations Reviewer
shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning
Asset Representations Reviewer may petition any court of competent jurisdiction for the appointment of a successor asset representations
reviewer that is an Eligible Asset Representations Reviewer. The Asset Representations Reviewer shall bear all costs and expenses of each
party hereto and each Rating Agency in connection with its resignation and the transfer of its duties.

Section 11.04       
Restrictions of the Asset Representations Reviewer. Neither the Asset Representations Reviewer nor any of its Affiliates
shall make any investment in any Class of Certificates or the Uncertificated VRR Interest; provided, however, that
such prohibition shall not apply to (i) riskless principal transactions effected by a broker dealer Affiliate of the Asset Representations
Reviewer or (ii) investments by an Affiliate of the Asset Representations Reviewer if the Asset Representations Reviewer and such
Affiliate maintain policies and procedures that (A) segregate personnel involved in the activities of the Asset Representations Reviewer
under this Agreement from personnel involved in such Affiliate’s investment activities and (B) prevent such Affiliate and its
personnel from gaining access to information regarding the Trust and the Asset Representations Reviewer and its personnel from gaining
access to such Affiliate’s information regarding its investment activities.

Section 11.05         
Termination of the Asset Representations Reviewer.

(a)              
An “Asset Representations Reviewer Termination Event” means any one of the following events whether it shall
be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order,
rule or regulation of any administrative or governmental body:

(i)                  any
failure by the Asset Representations Reviewer to observe or perform in any material respect any of its covenants or agreements or the
material breach of any of its representations or warranties under this Agreement, which failure shall continue unremedied for a period
of thirty (30) days after the date on which written notice of such failure is given to the Asset Representations Reviewer by the
Trustee or to the Asset Representations Reviewer and the Trustee by the Holders of Certificates having greater than 25% of the Pooled
Voting Rights; provided, however, that with respect to any such failure which is not curable within such 30-day period,
the Asset Representations Reviewer will have an additional cure period of 30 days to effect such cure so long as it has commenced
to cure such failure within the initial 30-day period and has provided the Trustee and the Certificate Administrator with an Officer’s
Certificate certifying that it has diligently pursued, and is continuing to pursue, such cure;

    	 	- 526 -	 

     

    

(ii)              
 any failure by the Asset Representations Reviewer to perform its obligations hereunder in accordance with the Asset Review Standard
in any material respect, which failure shall continue unremedied for a period of thirty (30) days after the date written notice of
such failure is given to the Asset Representations Reviewer by any party to this Agreement;

(iii)               
any failure by the Asset Representations Reviewer to be an Eligible Asset Representations Reviewer, which failure shall continue
unremedied for a period of thirty (30) days following receipt of written notice by the Asset Representations Reviewer of such failure
or the Asset Representations Reviewer obtaining actual knowledge of such failure;

(iv)            
a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver or liquidator
in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation
of its affairs, shall have been entered against the Asset Representations Reviewer, and such decree or order shall have remained in force
undischarged or unstayed for a period of sixty (60) days;

(v)                the
Asset Representations Reviewer shall consent to the appointment of a conservator or receiver or liquidator or liquidation committee in
any insolvency, readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or similar proceedings of or relating
to the Asset Representations Reviewer or of or relating to all or substantially all of its property; or

(vi)            
the Asset Representations Reviewer shall admit in writing its inability to pay its debts generally as they become due, file a petition
to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily
suspend payment of its obligations.

Upon receipt by the Certificate
Administrator of written notice of the occurrence of any Asset Representations Reviewer Termination Event, the Certificate Administrator
shall promptly provide written notice to all Certificateholders and the Uncertificated VRR Interest Owner (and simultaneously deliver
such written notice to the Asset Representations Reviewer) in accordance with the notice distribution procedures described in Section 11.01(a),
unless the Certificate Administrator has received written notice that such Asset Representations Reviewer Termination Event has been remedied.
If an Asset Representations Reviewer Termination Event shall occur then, and in each and every such case, so long as such Asset Representations
Reviewer Termination Event shall not have been remedied, either the Trustee (i) may or (ii) upon the written direction of Holders
of Certificates evidencing not less than 25% of the Pooled Voting Rights (without regard to the application of any Appraisal Reduction
Amounts), shall, terminate all of the rights and obligations of the Asset Representations Reviewer under this Agreement, other than rights
and obligations accrued prior to such termination (including the right to receive all amounts accrued and owing to it under this Agreement)
and other than indemnification rights (arising out

    	 	- 527 -	 

     

    

of events occurring prior to such termination),
by notice in writing to the Asset Representations Reviewer. The Asset Representations Reviewer is required to bear all reasonable costs
and expenses of itself and of each other party to this Agreement in connection with its termination due to an Asset Representations Reviewer
Termination Event. Notwithstanding anything herein to the contrary, the Depositor and each Mortgage Loan Seller shall have the right,
but not the obligation, to notify the Certificate Administrator and the Trustee of any Asset Representations Reviewer Termination Event
of which it becomes aware.

(b)              
Upon (i) the written direction of Holders of Certificates evidencing not less than 25% of the Pooled Voting Rights (without
regard to the application of any Appraisal Reduction Amounts) requesting a vote to terminate and replace the Asset Representations Reviewer
with a proposed successor asset representations reviewer that is an Eligible Asset Representations Reviewer and (ii) payment by such
Holders to the Certificate Administrator of the reasonable fees and expenses to be incurred by the Certificate Administrator in connection
with administering such vote, the Certificate Administrator shall promptly provide written notice of such requested vote to the Asset
Representations Reviewer and to all Certificateholders by (i) posting such notice on the Certificate Administrator’s Website,
and (ii) mailing such notice to all Certificateholders at their addresses appearing in the Certificate Register and to the Asset
Representations Reviewer. Upon the affirmative vote of the Holders of Certificates evidencing at least 75% of the Voting Rights allocable
to the Certificates of those Holders that exercise their right to vote (provided that Holders representing the applicable Certificateholder
Quorum exercise their right to vote within 180 days of the initial request for a vote (which, for the avoidance of doubt, is the
date on which the aforementioned notice was mailed to the Certificateholders)), the Trustee shall terminate all of the rights and obligations
of the Asset Representations Reviewer under this Agreement (other than any rights or obligations that accrued prior to the date of such
termination and other than indemnification rights arising out of events occurring prior to such termination) by notice in writing to the
Asset Representations Reviewer and appoint the proposed successor. As between the Asset Representations Reviewer, on the one hand, and
the Certificateholders, on the other, the Certificateholders shall be entitled in their sole discretion to vote for the termination or
not vote for the termination of the Asset Representations Reviewer. In the event that Holders of the required Certificates elect to remove
the Asset Representations Reviewer without cause and appoint a successor, the successor asset representations reviewer shall be responsible
for all expenses necessary to effect the transfer of responsibilities from its predecessor.

(c)                  On
or after the receipt by the Asset Representations Reviewer of written notice of termination, subject to this Section 11.05,
all of its authority and power under this Agreement shall be terminated and, without limitation, the terminated Asset Representations
Reviewer shall execute any and all documents and other instruments, and do or accomplish all other acts or things reasonably necessary
or appropriate to effect the purposes of such notice of termination. As soon as practicable, but in no event later than 30 days
after (1) the Asset Representations Reviewer resigns pursuant to Section 11.03 of this Agreement or (2) the
Trustee delivers such written notice of termination to the Asset Representations Reviewer, the Depositor (in the case of a resignation
of the Asset Representations Reviewer pursuant to Section 11.03) or the Trustee (in the case of a

    	 	- 528 -	 

     

    

termination of the Asset Representations
Reviewer pursuant to Section 11.05(b)), as applicable, shall appoint a successor asset representations reviewer that is an
Eligible Asset Representations Reviewer. The Trustee shall provide written notice of the appointment of an Asset Representations Reviewer
to the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Directing Holder, each Certificateholder
and the Uncertificated VRR Interest Owner within one Business Day of such appointment. Notwithstanding the foregoing, if the Trustee is
unable to find a successor asset representations reviewer within thirty (30) days of the termination of the Asset Representations
Reviewer, the Depositor shall be permitted, but not obligated, to find a replacement. The Trustee shall not be liable for any failure
to identify and appoint a successor asset representations reviewer so long as the Trustee uses commercially reasonable efforts to conduct
a search for a successor asset representations reviewer and such failure is not a result of the Trustee’s negligence, bad faith
or willful misconduct in the performance of its obligations hereunder.

The Asset Representations
Reviewer shall at all times be an Eligible Asset Representations Reviewer. If the Asset Representations Reviewer ceases to be an Eligible
Asset Representations Reviewer, the Asset Representations Reviewer shall immediately notify the Depositor, the Master Servicer, the Special
Servicer, the Trustee, the Operating Advisor, the Certificate Administrator and the Directing Holder of such disqualification and, if
an Asset Representations Reviewer Termination Event occurs as a result, immediately resign under Section 11.03 of this Agreement,
and a successor asset representations reviewer shall be appointed in accordance with Section 11.03.

(d)              
Upon any termination of the Asset Representations Reviewer and appointment of a successor to the Asset Representations Reviewer,
the Trustee shall, as soon as possible, give written notice thereof to the Special Servicer, the Master Servicer, the Certificate Administrator
(who shall, as soon as possible, give written notice thereof to the Certificateholders and the Uncertificated VRR Interest Owner), the
Operating Advisor, the Mortgage Loan Sellers, the Depositor, each Rating Agency and, prior to the occurrence and continuance of a Consultation
Termination Event, the Controlling Class Representative. In the event that the Asset Representations Reviewer is terminated, all
of its rights and obligations under this Agreement shall terminate, other than any rights or obligations that accrued prior to the date
of such termination (including the right to receive all amounts accrued and owing to it under this Agreement) and other than indemnification
rights (arising out of events occurring prior to such termination).

Article
XII

MISCELLANEOUS PROVISIONS

Section 12.01            Counterparts.
This Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original,
and such counterparts shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this
Agreement (and, to the extent permitted under applicable law, each officer’s certificate, receipt or similar closing document delivered
in connection with the closing of the transaction contemplated by this Agreement) in Portable Document Format (PDF), Tagged

    	 	- 529 -	 

     

    

Image File Format (TIF or TIFF), .JPG or .JPEG
file format, or by facsimile transmission shall be as effective as delivery of a manually executed original counterpart of this Agreement.

Section 12.02        
Limitation on Rights of Certificateholders and the Uncertificated VRR Interest Owner. The death or incapacity of any Certificateholder
or the Uncertificated VRR Interest Owner shall not operate to terminate this Agreement or the Trust Fund, nor entitle such Certificateholder’s
or Uncertificated VRR Interest Owner’s legal representatives or heirs to claim an accounting or to take any action or proceeding
in any court for a partition or winding up of the Trust Fund, nor otherwise affect the rights, obligations and liabilities of the parties
hereto or any of them.

No Certificateholder or Uncertificated
VRR Interest Owner shall have any right to vote (except as expressly provided for herein) or in any manner otherwise control the
operation and management of the Trust Fund, or the obligations of the parties hereto, nor shall anything herein set forth, or contained
in the terms of the Certificates, be construed so as to constitute the Certificateholders and the Uncertificated VRR Interest Owner from
time to time as partners or members of an association; nor shall any Certificateholder or Uncertificated VRR Interest Owner be under any
liability to any third person by reason of any action taken by the parties to this Agreement pursuant to any provision hereof.

No Certificateholder or
Uncertificated VRR Interest Owner shall have any right to institute any suit, action or proceeding in equity or at law upon or under
or with respect to this Agreement, any Mortgage Loan or Serviced Whole Loan, unless such Person previously shall have given to the Trustee
a written notice of default and of the continuance thereof, as hereinbefore provided, and unless also the Holders of at least 25% of
the Voting Rights of any Class of Certificates affected thereby shall have made written request upon the Trustee (with a copy
to the Certificate Administrator) to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered
to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby,
and the Trustee, for 60 days after its receipt of such notice, request and offer of indemnity, shall have neglected or refused
to institute any such action, suit or proceeding. It is understood and intended, and expressly covenanted by each Certificateholder with
every other Certificateholder and the Trustee, that no one or more Holders of Certificates of any Class shall have any right in
any manner whatever by virtue of any provision of this Agreement to affect, disturb or prejudice the rights of the Holders of any other
of such Certificates, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under
this Agreement, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of Certificates of
such Class. It is understood and intended, and expressly covenanted by the Uncertificated VRR Interest Owner with every Certificateholder
and the Trustee, that the Uncertificated VRR Interest Owner shall not have any right in any manner whatever by virtue of any provision
of this Agreement to affect, disturb or prejudice the rights of the Holders of Certificates of any Class, or to obtain or seek to obtain
priority over or preference to any such Holder, or to enforce any right under this Agreement, except in the manner herein provided and
for the equal, ratable and common benefit of all Combined VRR Interest Owners. For the protection and enforcement of the provisions of
this Section, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.

    	 	-530-	 

     

    

Section 12.03       
Governing Law. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP
OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE
CHOICE OF LAW RULES THEREOF. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL
OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.

Section 12.04      
 Notices. Unless otherwise specifically provided in this Agreement, any communications provided for or permitted hereunder
shall be in writing and, unless otherwise expressly provided herein, shall be deemed to have been duly given if (a) personally delivered,
(b) mailed by registered mail, postage prepaid (except for notices to the Trustee or the Certificate Administrator which shall be
deemed to have been duly given only when received), (c) sent by nationally recognized express courier delivery service and received by
the addressee, (d) transmitted by facsimile transmission (or any other type of electronic transmission agreed upon by the parties)
and received by the addressee or (e) only with respect to any addressee of any party for which an electronic mail address is set forth
below, sent by electronic mail (provided, however, any notice provided by electronic mail shall not be considered delivered
until receipt of such electronic mail is confirmed by the addressee), to the applicable party at the following address(es), or as to each
such Person such other address or e-mail address as may hereafter be furnished by such Person to the parties hereto in writing:

(i)                
in the case of the Depositor:

Citigroup Commercial Mortgage Securities Inc.

388 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson

Fax number: (646) 328-2943

with a copy to:

Citigroup Commercial Mortgage Securities Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco

Fax number: (347) 394-0898

with a copy to:

Citigroup Commercial Mortgage Securities Inc.

388 Greenwich Street, 17th Floor

New York, New York 10013

Attention: Ryan M. O’Connor

Fax number: (646) 862-8988

    	 	- 531 -	 

     

    

with electronic copies e-mailed to:

Richard Simpson at richard.simpson@citi.com and

Ryan M. O’Connor at ryan.m.oconnor@citi.com

(ii)                 
in the case of the Master Servicer:

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

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President –
Division Head

Fax number: 1-888-706-3565

with a copy to:

 

Stinson LLP

1201 Walnut Street, Suite 2900

Kansas City, Missouri 64106-2150

Attention: Kenda K. Tomes

Fax number: (816) 412-9338

 

and with respect to e-mail pursuant to Section
12.06 and Section 12.13 of this Agreement, to:

 

NoticeAdmin@midlandls.com

 

and with respect to any investor inquiry,
to:

 

AskMidland@midlandls.com

 

(iii)               
in the case of the Special Servicer with respect to Mortgage Loans other than the Yorkshire & Lexington Towers Whole Loan:

Greystone Servicing Company LLC

5221 N. O'Connor Blvd., Suite 800

Irving, TX 75039

Attention: Amy Dixon, General Counsel

email: amy.dixon@greyco.com

 

with a copy to:

 

Jenna Unell, Senior Managing Director,

email: jenna.unell@greyco.com

 

    	 	- 532 -	 

     

    

(iv)            
 in the case of the Special Servicer with respect to the Yorkshire & Lexington Towers Whole Loan:

Rialto Capital Advisors, LLC

Southeast Financial Center

200 S. Biscayne Blvd, Suite 3550

Miami, Florida 33131

Attention: Liat Heller

Facsimile number: (305) 229-6425

Email: liat.heller@rialtocapital.com

 

 

with a copy to:

Rialto Capital Advisors, LLC

Southeast Financial Center

200 S. Biscayne Blvd, Suite 3550

Miami, Florida 33131

Attention: Jeff Krasnoff, Niral Shah and Adam Singer

Facsimile number: (305) 229-6425

Email: niral.shah@rialtocapital.com, adam.singer@rialtocapital.com,
and jeff.krasnoff@rialtocapital.com

 

(v)              
in the case of the Certificate Administrator:

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CGCMT 2022-GC48

with a copy to:

cts.cmbs.bond.admin@wellsfargo.com

trustadministrationgroup@wellsfargo.com

 

In the case of any transfer or surrender of a Risk Retention Certificate
pursuant to Article V:

 

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Risk Retention Custody (CMBS) – CGCMT 2022-GC48

with a copy to:

riskretentioncustody@wellsfargo.com

 

In the case of the Custodian:

 

Computershare Trust Company, National Association

1055 10th Avenue SE

    	 	- 533 -	 

     

    

Minneapolis, Minnesota 55414

Attention: Document Custody Group – CGCMT 2022-GC48

with a copy to:

cmbscustody@wellsfargo.com

 

In the case of a surrender, transfer or exchange of a Certificate
other than a Risk Retention Certificate:

 

Computershare Trust Company, National Association

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate
Transfer Services - CGCMT 2022-GC48

(vi)             
in the case of the Trustee:

Wilmington Trust, National Association

1100 North Market Street

Wilmington, Delaware 19890

Fax number: (302) 636-4140

Email: cmbstrustee@wilmingtontrust.com

(vii)             
in the case of each of the Asset Representations Reviewer and the Operating Advisor:

Park Bridge Lender Services LLC

600 Third Avenue, 40th Floor

New York, New York 10016

Attention: CGCMT 2022-GC48— Surveillance
Manager

 

with copies sent contemporaneously via email to cmbs.notices@parkbridgefinancial.com

 

(viii)            
in the case of the Rating Agencies:

Fitch Ratings, Inc.

300 West 57th Street

New York, New York 10019

Attention: Commercial Mortgage Surveillance Group

Fax number: (646) 280-1013

E-mail: Info.cmbs@fitchratings.com

Moody’s Investors Service, Inc.

7 World Trade Center

New York, New York 10007

Attention: Commercial Mortgage Surveillance
Group

Email: CMBSSurveillance@Moodys.com

    	 	- 534 -	 

     

    

Kroll Bond Rating Agency, LLC

805 Third Avenue, 29th Floor

New York, New York 10022

Attention: CMBS Surveillance

E-mail: cmbssurveillance@kbra.com

DBRS, Inc.

22 West Washington Street, Chicago, Illinois 60602

Attention: CMBS Surveillance

Email: CMBS.surveillance@morningstar.com

 

(ix)            
in the case of the Mortgage Loan Sellers:

Citi Real Estate Funding Inc.

388 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson

Fax number: (646) 328-2943

with a copy to:

Citi Real Estate Funding Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco

Fax number: (347) 394-0898

with a copy to:

Citi Real Estate Funding Inc.

388 Greenwich Street, 17th Floor

New York, New York 10013

Attention: Ryan M. O’Connor

Fax number: (646) 862-8988

with copies by electronic mail to:

Richard Simpson at richard.simpson@citi.com

Ryan M. O’Connor at ryan.m.oconnor@citi.com

and, in the case of each Rule 15Ga 1 Notice, cmbs.notice@citi.com

Goldman Sachs Mortgage
Company

200 West Street

New York, New York 10282

Attention: Leah Nivison

E-mail: leah.nivison@gs.com

 

    	 	- 535 -	 

     

    

with a copy to:

E-mail: gs-refgsecuritization@gs.com

with a copy to:

 

Goldman Sachs Mortgage Company

200 West Street

New York, New York 10282

Attention: Structured Finance Legal (REFG)

E-mail: gs-refglegal@gs.com

 

Starwood Mortgage Capital
LLC

2340 Collins Avenue, Suite 700

Miami Beach, Florida 33139

Attention: Leslie K. Fairbanks, Executive Vice President

Email: lfairbanks@starwood.com

 

with a copy by email to: jbeard@starwood.com

 

and with a copy to:

 

Starwood Property Trust, Inc.

2340 Collins Avenue, Suite 700

Miami Beach, Florida 33139

Attention: Heather Bennett

With copies by email to: hbennett@starwood.com and lnr.cmbs.notices@lnrproperty.com

 

and, with respect to certifications pursuant to Section 2.03
of this Agreement, with a copy to:

 

McCoy & Orta

100 N. Broadway, 26th Floor

Oklahoma City, Oklahoma 73102

Attention: Vanessa Orta

With a copy by email to: vorta@mccoy-orta.com

 

and with a copy by email to: mmoore-allen@mccoy-orta.com

Bank of Montreal

c/o BMO Capital Markets Corp.

151 West 42nd Street

New York, NY 10036

Attention: Michael Birajiclian and David Schell

Email: Michael.Birajiclian@bmo.com and David.Schell@bmo.com

 

with a copy to:

    	 	- 536 -	 

     

    

 

Bank of Montreal

c/o BMO Capital Markets Corp.

151 West 42nd Street

New York, NY 10036

Attention: Legal Department

Email: BMOCMBSNotices@bmo.com

(x)                
in the case of the Underwriters:

Citigroup Global Markets Inc.

388 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson

Fax number: (646) 328-2943

with a copy to:

Citigroup Global Markets Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco

Fax number: (347) 394-0898

with a copy to:

Citigroup Global Markets Inc.

388 Greenwich Street, 17th Floor

New York, New York 10013

Attention: Ryan M. O’Connor

Fax number: (646) 862-8988

with copies by electronic mail to:

Richard Simpson at richard.simpson@citi.com and

Ryan M. O’Connor at ryan.m.oconnor@citi.com

Goldman Sachs & Co. LLC

200 West Street

New York, New York 10282

Attention: Leah Nivison

E-mail: leah.nivison@gs.com

 

with a copy to:

E-mail: gs-refgsecuritization@gs.com

 

with a copy to:

    	 	- 537 -	 

     

    

 

Goldman Sachs & Co. LLC

200 West Street

New York, New York 10282

Structured Finance Legal (REFG)

E-mail: gs-refglegal@gs.com

 

 

Bank of Montreal

c/o BMO Capital Markets Corp.

151 West 42nd Street

New York, NY 10036

Attention: Michael Birajiclian and David Schell

Email: Michael.Birajiclian@bmo.com and David.Schell@bmo.com

 

with a copy to:

 

Bank of Montreal

c/o BMO Capital Markets Corp.

151 West 42nd Street

New York, NY 10036

Attention: Legal Department

Email: BMOCMBSNotices@bmo.com

(xi)               
in the case of the Initial Purchasers:

Citigroup Global Markets Inc.

388 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson

Fax number: (646) 328-2943

with a copy to:

Citigroup Global Markets Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco

Fax number: (347) 394-0898

with a copy to:

Citigroup Global Markets Inc.

388 Greenwich Street, 17th Floor

New York, New York 10013

    	 	- 538 -	 

     

    

Attention: Ryan M. O’Connor

Fax number: (646) 862-8988

with copies by electronic mail to:

Richard Simpson at richard.simpson@citi.com and

Ryan M. O’Connor at ryan.m.oconnor@citi.com

Goldman Sachs & Co. LLC

200 West Street

New York, New York 10282

Attention: Leah Nivison

E-mail: leah.nivison@gs.com

 

with a copy to:

 

Goldman Sachs & Co. LLC

200 West Street

New York, New York 10282

Attention: Joe Osborne

E-mail: joe.osborne@gs.com

 

with a copy to:

E-mail: gs-refgsecuritization@gs.com

 

Bank of Montreal

c/o BMO Capital Markets Corp.

151 West 42nd Street

New York, NY 10036

Attention: Michael Birajiclian and David Schell

Email: Michael.Birajiclian@bmo.com and David.Schell@bmo.com

 

with a copy to:

 

Bank of Montreal

c/o BMO Capital Markets Corp.

151 West 42nd Street

New York, NY 10036

Attention: Legal Department

Email: BMOCMBSNotices@bmo.com

(xii)               
in the case of the initial Controlling Class Representative:

LD III Sub IX, LLC

c/o Prime Finance

    	 	- 539 -	 

     

    

1330 Avenue of the Americas

Suite 2500

New York, New York 10019

Attention: Jon W. Brayshaw and Luke Dann

 

with a copy to:

 

Polsinelli

900 West 48th Place

Suite 900

Kansan City, Missouri 64112

Attention: Kraig Kohring

Facsimile number: (816) 753-1536

 

(xiii)              
in the case of the initial Loan-Specific Controlling Class Representative:

FS CREIT Investments HRR, LLC

c/o Rialto Capital Management LLC

600 Madison Avenue, 12th Floor

New York, New York 10022

Attention:  Josh Cromer

Facsimile number: (212) 751-4646

E-mail: josh.cromer@rialtocapital.com

 

with a copy to:

 

FS CREIT Investments HRR, LLC

c/o Rialto Capital Management LLC

600 Madison Avenue, 12th Floor

New York, New York 10022

Attention:  Joseph Bachkosky

Facsimile number: (212) 751-4646

Email: joseph.bachkosky@rialtocapital.com

 

with a copy to:

 

FS CREIT Investments HRR, LLC

c/o Rialto Capital Management LLC

200 S. Biscayne Blvd., Suite 3550

Miami, Florida 33131

Attention:  Liat Heller

Facsimile number: (305) 229-6425

Email: liat.heller@rialtocapital.com

 

with a copy to:

    	 	- 540 -	 

     

    

 

FS CREIT Investments HRR, LLC

201 Rouse Boulevard

Philadelphia, Pennsylvania 19112

Attention:  Legal Department

Email: legalnotices@fsinvestments.com

 

(xiv)            
in the case of the initial VRR1 Risk Retention Consultation Party:

Citi Real Estate Funding Inc.

388 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson

Fax number: (646) 328-2943

with a copy to:

Citi Real Estate Funding Inc.

390 Greenwich Street, 5th Floor

New York, New York 10013

Attention: Raul Orozco

Fax number: (347) 394-0898

with a copy to:

Citi Real Estate Funding Inc.

388 Greenwich Street, 17th Floor

New York, New York 10013

Attention: Ryan M. O’Connor

Fax number: (646) 862-8988

with electronic copies e-mailed to:

Richard Simpson at richard.simpson@citi.com and

Ryan M. O’Connor at ryan.m.oconnor@citi.com.

(xv)             
in the case of the initial VRR2 Risk Retention Consultation Party:

Goldman Sachs Mortgage Company

200 West Street

New York, New York 10282

Attention: Leah Nivison

E-mail: leah.nivison@gs.com

 

with a copy to:

 

Goldman Sachs Mortgage Company

200 West Street

    	 	- 541 -	 

     

    

New York, New York 10282

Attention: Structured Finance Legal (REFG)

E-mail: gs-refglegal@gs.com

 

with a copy to:

E-mail: gs-refgsecuritization@gs.com

 

Any communication required
or permitted to be delivered to a Certificateholder or the Uncertificated VRR Interest Owner shall be deemed to have been duly given when
mailed first class, postage prepaid, to the address of such Holder or the Uncertificated VRR Interest Owner as shown in the Certificate
Register. Any communication required or permitted to be delivered to a Certificate Owner shall be deemed to have been duly given to the
extent delivered through the Depository. Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed
to have been duly given, whether or not the Certificateholder or the Uncertificated VRR Interest Owner receives such notice. Notwithstanding
anything contained in this Section 12.04 to the contrary, nothing in this Section 12.04 shall constitute consent
by any party hereto to service of process upon such party by facsimile transmission, electronic mail or any other type of electronic transmission.

The obligation of any party
to this Agreement to deliver any notices, reports or other information to any Other Depositor, Other Servicer, Other Special Servicer,
Other Trustee or Other 17g-5 Information Provider shall be effective in each case only to the extent such party to this Agreement
has received notice of the identity and contact information of such Other Depositor, Other Servicer, Other Special Servicer, Other Trustee
or Other 17g-5 Information Provider, as applicable. Any such party may conclusively rely on the name and contact information provided
by the related Other Depositor, Other Servicer, Other Special Servicer, Other Trustee or Other 17g-5 Information Provider, as applicable,
and shall be entitled to assume that the identity and contact information for such Other Depositor, Other Servicer, Other Special Servicer,
Other Trustee or Other 17g-5 Information Provider, as applicable, has not changed, absent receipt of written notice from such Other
Depositor, Other Servicer, Other Special Servicer, Other Trustee or Other 17g-5 Information Provider, or a replacement thereof under
the applicable Other Pooling and Servicing Agreement, of a change with respect to the identity and contact information for such Other
Depositor, Other Servicer, Other Special Servicer, Other Trustee or Other 17g-5 Information Provider, or a replacement thereof under
the applicable Other Pooling and Servicing Agreement, as applicable.

Section 12.05       
Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall
be for any reason whatsoever held invalid, then, to the extent permitted by applicable law, such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this

    	 	- 542 -	 

     

    

Agreement and shall in no way affect the validity
or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof.

Section 12.06         
Notice to the Rule 17g-5 Information Provider, Depositor and Each Rating Agency.

(a)              
The Certificate Administrator shall use its best efforts to promptly prepare a written notice, and provide such notice by e-mail
to the Rule 17g-5 Information Provider (if the Certificate Administrator is for any reason not the Rule 17g-5 Information
Provider) and the Depositor, with respect to each of the following items of which a Responsible Officer of the Certificate Administrator
has actual knowledge, and the Rule 17g-5 Information Provider shall upload such notice to the Rule 17g-5 Information
Provider’s Website on the same Business Day of receipt if received by 2:00 p.m. or, if received after 2:00 p.m., on the
next Business Day by 12:00 p.m. and shall, promptly following the posting of such notice to the Rule 17g-5 Information Provider’s
Website, notify, or cause the notification of, each Registered Rating Agency (other than any Registered Rating Agency that has indicated
to the Rule 17g-5 Information Provider of its election to not receive such notification) by electronic mail of the posting of
such notice, which electronic mail may be automatically generated by the Rule 17g-5 Information Provider’s Website:

(i)                  any
material change or amendment to this Agreement;

(ii)                
the occurrence of any Servicer Termination Event that has not been cured;

(iii)           
the merger, consolidation, resignation or termination of the Master Servicer, Special Servicer, the Trustee or the Certificate
Administrator or any Outside Servicer, Outside Special Servicer or Outside Trustee;

(iv)             
the repurchase of, or substitution of, Trust Loans pursuant to Section 2.03;

(v)             
the final payment to any Class of Certificateholders or the Uncertificated VRR Interest Owner;

(vi)           
any change in the location of the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account, the Excess Interest
Distribution Account or any Distribution Account;

(vii)             
any event that would result in the voluntary or involuntary termination of any insurance of the accounts of the Master Servicer;
and

(viii)           
any change in the lien priority of a Trust Loan.

(b)              
The Master Servicer or the Special Servicer shall promptly furnish by e-mail (or any other form of electronic delivery reasonably
acceptable to the Master Servicer or the Special Servicer, as applicable, and the Rule 17g-5 Information Provider) to the Rule 17g-5
Information Provider and the Depositor copies of the following (to the extent

    	 	- 543 -	 

     

    

not already delivered or made available
pursuant to the terms of this Agreement), and the Rule 17g-5 Information Provider shall upload such documents to the Rule 17g-5
Information Provider’s Website on the same Business Day of receipt if received by 2:00 p.m. or, if received after 2:00 p.m.,
on the next Business Day by 12:00 p.m., and the Rule 17g-5 Information Provider shall, promptly following the posting of
such documents to the Rule 17g-5 Information Provider’s Website, notify, or cause the notification of, each Registered
Rating Agency (other than any Registered Rating Agency that has indicated to the Rule 17g-5 Information Provider of its election
to not receive such notification) by electronic mail of the posting of such documents, which electronic mail may be automatically generated
by the Rule 17g-5 Information Provider’s Website:

(i)                  each
of its annual statements as to compliance described in Section 10.08 of this Agreement;

(ii)              
each of its annual reports on assessment of compliance with servicing criteria described in Section 10.09 of this Agreement;

(iii)                 each
of its annual independent public accountants’ servicing reports described in Section 10.10 of this Agreement;

(iv)            
upon request by the Depositor, the Rule 17g-5 Information Provider, any Rating Agency or any Companion Loan Rating Agency, a copy
of each operating and other financial statements, rent rolls, occupancy reports, and sales reports to the extent such information is required
to be delivered under a Trust Loan, in each case to the extent collected pursuant to Section 3.03(a) or Section 4.02(b);
and

(v)              
upon request by the Depositor, the Rule 17g-5 Information Provider, any Rating Agency or any Companion Loan Rating Agency, each
inspection report prepared in connection with any inspection conducted pursuant to Section 3.18 of this Agreement.

(c)              
The Certificate Administrator shall promptly furnish by e-mail (or any other form of electronic delivery reasonably acceptable
to the Certificate Administrator and the Rule 17g-5 Information Provider) to the Rule 17g-5 Information Provider (if
the Certificate Administrator is for any reason not the Rule 17g-5 Information Provider) and the Depositor copies of the items
set forth in Section 8.11(b) of this Agreement (to the extent not already delivered or made available pursuant to the terms
of this Agreement and to the extent such items were prepared by or delivered to the Certificate Administrator in electronic format), and
the Rule 17g-5 Information Provider shall upload such documents to the Rule 17g-5 Information Provider’s Website
on the same Business Day of receipt if received by 2:00 p.m. or, if received after 2:00 p.m., on the next Business Day by 12:00 p.m..

(d)              
After any notice, document or item has been posted by the Rule 17g-5 Information Provider to the Rule 17g-5 Information
Provider’s Website pursuant to Sections 12.06(a), 12.06(b) or 12.06(c), the Rule 17g-5 Information
Provider may send such posted notice, document or item to a Registered Rating Agency.

    	 	G-544	 

     

    

Section 12.07       
Amendment. This Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated
VRR Interest Owner, the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

(a)              
to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the Uncertificated VRR Interest
Owner (or, if applicable, any holders of Loan-Specific Certificates);

(b)              
to correct or supplement any of its provisions which may be inconsistent with any other provisions of this Agreement or with the
description thereof in the Prospectus or to correct any error;

(c)              
to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds Reserve Account, the
Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master Servicer Remittance
Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change would not adversely
affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any
Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the amendment);

(d)                 to
modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification of any Trust REMIC
as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the Trust Fund, provided
that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party requesting the
amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid or minimize
such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or
to remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the
Depositor has determined that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates
to a non-Permitted Transferee, (C) to the extent necessary to comply with the Investment Company Act, as amended, the Exchange
Act, Regulation AB, Regulation RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR
(or any portion thereof) or any other regulations applicable to the risk retention requirements for this securitization transaction are
amended or repealed, to the extent required to comply with any such amendment or to modify or eliminate any risk retention requirements
no longer applicable to this securitization transaction in light of such repeal;

(e)               
to make any other provisions with respect to matters or questions arising under this Agreement or any other change, provided
that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated

    	 	- 545 -	 

     

    

VRR Interest Owner (or, if applicable,
any Loan-Specific Certificateholder), as evidenced by an opinion of counsel;

(f)               
to modify the procedures herein relating to Rule 17g-5; provided that such modification does not increase the obligations
of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the Master Servicer or the Special
Servicer without such party’s consent (which consent may not be withheld unless such modification would materially adversely affect
such party or materially increase such party’s obligations under this Agreement); provided, further that notice of
such modification is provided to all parties to this Agreement; and

(g)                 to
amend or supplement any provision of this Agreement to the extent necessary to maintain the ratings assigned to each Class of
Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies, provided that the amendment will not
adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable,
any Loan-Specific Certificateholder);

provided, further that no amendment
pursuant to any of clauses (a)-(g) above may be made that would: (A) reduce the consent or consultation rights or the
right to receive information under this Agreement of the Controlling Class Representative without the consent of the Controlling
Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent of such Loan-Specific
Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under this Agreement of the
Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the obligations or rights of any Mortgage Loan
Seller under this Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller;
(D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent of the affected Underwriter
or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without its consent. Expenses
incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master Servicer, the Special
Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case such expense will be
borne by the Trust.

This Agreement or any Custodial
Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer, the Special Servicer,
the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian),
the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific Certificates representing
in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific Certificates
affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of
this Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders and the Uncertificated
VRR Interest Owner; provided, however, that no such amendment shall:

(i)               reduce
in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which are required to be distributed on a

    	 	- 546 -	 

     

    

Certificate or Loan-Specific Certificate
of any Class or the Uncertificated VRR Interest or to any Serviced Companion Loan Holder, as applicable, without the consent of the Holder
of that Certificate or Loan-Specific Certificate, the Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable;

(ii)             reduce
the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated VRR Interest the Holders
(or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment without the consent
of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated VRR Interest
Owner, as applicable;

(iii)         change
in any manner the obligations or rights of any Mortgage Loan Seller under this Agreement or the related Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller;

(iv)        change
the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders, the Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation;

(v)           without
the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class or Classes of Certificates and Loan-Specific
Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby, change (A) the percentages of Voting
Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to any action or inaction under this Agreement,
(B) the right of the Certificateholders or Loan-Specific Certificateholders to remove the Special Servicer pursuant to this Agreement
or (C) the right of the Certificateholders or Loan-Specific Certificateholders to terminate the Operating Advisor pursuant to this
Agreement;

(vi)       adversely
affect the Controlling Class Representative without the consent of 100% of the Controlling Class Certificateholders;

(vii)      adversely
affect any Loan-Specific Controlling Class Representative without the consent of 100% of the Loan-Specific Controlling Class Certificateholders;

(viii)     adversely
affect a Serviced Companion Loan Holder in its capacity as such without its consent; or

(ix)          change
in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent of the affected Underwriter or Initial
Purchaser.

In the event that neither
the Depositor nor any successor thereto, if any, is in existence, any amendment under this Section 12.07 shall be effective with
the consent of the Trustee, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Custodian (if
the Certificate Administrator is then acting as Custodian), the Special Servicer, the Master Servicer, in writing, and to the extent required
by this Section, the

    	 	- 547 -	 

     

    

Certificateholders, the Uncertificated VRR
Interest Owner, the Serviced Companion Loan Holders, the Mortgage Loan Sellers, the Underwriters and/or the Initial Purchasers, as applicable.
Promptly after the execution of any amendment, (A) the Master Servicer shall forward a copy thereof to the Trustee, the Operating Advisor,
the Asset Representations Reviewer, the Certificate Administrator, the Custodian (if the Certificate Administrator is then acting as Custodian),
the Special Servicer, each Serviced Companion Loan Holder, each Mortgage Loan Seller, each Underwriter, each Initial Purchaser and (B)
the Certificate Administrator shall furnish written notification of the substance of such amendment to each Certificateholder, post a
copy of such amendment to the Certificate Administrator’s Website, and deliver a copy of such amendment to the Rule 17g-5 Information
Provider who shall post a copy of such amendment to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13
of this Agreement. It shall not be necessary for the consent of Certificateholders, the Uncertificated VRR Interest Owner or the Serviced
Companion Loan Holders, the Mortgage Loan Sellers, Underwriters or the Initial Purchasers, as applicable, under this Section 12.07
to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof.
The method of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders, the Uncertificated
VRR Interest Owner or the Serviced Companion Loan Holders, the Mortgage Loan Sellers, Underwriters or the Initial Purchasers, as applicable,
shall be subject to such reasonable regulations as the Trustee may prescribe; provided, however, that such method shall
always be by affirmation and in writing.

Notwithstanding any contrary
provision of this Agreement, no amendment shall be made to this Agreement or any Custodial Agreement unless, if requested by the Master
Servicer, the Special Servicer, the Trustee, the Custodian (if the Certificate Administrator is then acting as Custodian), and/or the
Certificate Administrator, such party shall have received an Opinion of Counsel, at the expense of the party requesting such amendment
(or, if such amendment is required by any Rating Agency to maintain the rating issued by it or requested by the Trustee or the Certificate
Administrator for any purpose described in clause (a) or (b) of the first sentence of this Section 12.07, then at
the expense of the Trust Fund), to the effect that such amendment will not cause any Trust REMIC to fail to qualify as a REMIC or cause
the Grantor Trust to fail to qualify as a grantor trust for federal income tax purposes at any time that any Certificates are outstanding,
and will not cause a tax to be imposed on the Trust Fund (other than a tax at the corporate tax rate on net income from foreclosure property
pursuant to Code Section 860G(c)). Prior to the execution of any amendment to this Agreement or any Custodial Agreement, the Trustee,
the Certificate Administrator, the Custodian (if the Certificate Administrator is then acting as Custodian), the Special Servicer and
the Master Servicer may request and shall be entitled to rely conclusively upon an Opinion of Counsel, at the expense of the party requesting
such amendment (or, if such amendment is required by any Rating Agency to maintain the rating issued by it or requested by the Trustee
or the Certificate Administrator for any purpose described in clause (a), (b), (c) or (e) (which does not modify
or otherwise relate solely to the obligations, duties or rights of the Trustee or the Certificate Administrator, as applicable) of the
first sentence of this Section 12.07, then at the expense of the Trust Fund) stating that the execution of such amendment
is authorized or permitted by this Agreement, and that all conditions precedent to such amendment are satisfied. Each of the Trustee,
the Custodian (if the Certificate Administrator is then acting as Custodian) and the Certificate Administrator may, but shall not be obligated
to, enter into any such amendment which affects the Trustee’s, the Custodian’s (if the Certificate Administrator is then acting
as Custodian) or the Certificate Administrator’s, as applicable, own rights, duties or

    	 	- 548 -	 

     

    

immunities under this Agreement. Any party
hereto requesting an amendment to this Agreement shall provide (x) notice of such amendment no later than 3 Business Days prior to the
anticipated date of execution, and (y) a copy of the executed amendment no later than the date of execution, to each Other Depositor (and
counsel thereto) and Other Exchange Act Reporting Party under each Other Pooling and Servicing Agreement (which may be by email) in order
for each Companion Loan Holder to timely comply with its obligations under the Exchange Act. The party requesting an amendment to this
Agreement shall provide to the Rule 17g-5 Information Provider, for posting on the Rule 17g-5 Information Provider’s
Website pursuant to Section 12.13 of this Agreement, prior written notice of such proposed amendment.

Section 12.08        
Confirmation of Intent. The Depositor intends that the conveyance of the Depositor’s right, title and interest in
and to the Trust Loans pursuant to this Agreement shall constitute a sale and not a pledge of security for a loan. If such conveyance
is deemed to be a pledge of security for a loan, however, the Depositor intends that the rights and obligations of the parties to such
loan shall be established pursuant to the terms of this Agreement. The Depositor also intends and agrees that, in such event, (i) the
Depositor shall be deemed to have granted to the Trustee (in such capacity) a first priority security interest in the Depositor’s
entire right, title and interest in and to the assets comprising the Trust Fund, including without limitation, the Trust Loans, all principal
and interest received or receivable with respect to the Trust Loans (other than principal and interest payments due and payable prior
to the Cut-Off Date and Principal Prepayments received prior to the Cut-Off Date), all amounts held from time to time in the Collection
Account, the Distribution Account, the Excess Interest Distribution Account, the Interest Reserve Account and, if established, the Excess
Liquidation Proceeds Reserve Account and the REO Account, and all reinvestment earnings on such amounts, and all of the Depositor’s
right, title and interest in and to any Insurance Proceeds related to such Trust Loans and (ii) this Agreement shall constitute a
security agreement under applicable law. This Section 12.08 shall constitute notice to the Trustee pursuant to any of the
requirements of the applicable UCC.

Section 12.09         
Third-Party Beneficiaries. Except as provided in (i) Section 3.01(j)(iv) of this Agreement and (ii)
the next sentence, no Persons other than a party to this Agreement, any Companion Loan Holder (unless it is the Mortgagor under the applicable
Companion Loan or an Affiliate thereof), the Uncertificated VRR Interest Owner and any Certificateholder, shall have any rights with respect
to the enforcement of any of the rights or obligations hereunder. Any Underwriter or Initial Purchaser (with respect to its rights to
receive any documents, certifications, information and/or indemnification hereunder and its rights under Section 2.02, Section 5.03
and Section 12.07 of this Agreement), any Companion Loan Holder (in respect of the rights afforded it under this Agreement,
any related Other Servicer shall be entitled to enforce the rights of such Companion Loan Holder under this Agreement and the related
Co-Lender Agreement), any Mortgage Loan Seller (with respect to its rights under Article II, Section 3.09(d)(i),
Section 12.07 and Section 12.16 of this Agreement and its rights as a Privileged Person), the Retaining Sponsor
(with respect to its rights under Section 5.02(f) and Section 5.03(i)), any Other Depositor and Other Exchange
Act Reporting Party (with respect to its rights under Article X of this Agreement), any Other Servicer and Other Special Servicer
(with respect to all provisions herein expressly relating to compensation, reimbursement or indemnification of such Other Servicer or
Other Special Servicer, as the case may be, and the provisions herein regarding coordination of Advances) and, subject to Section 12.02
of this Agreement, any Certificateholder or the Uncertificated VRR Interest Owner (which are intended third-party beneficiaries of
this

    	 	- 549 -	 

     

    

Agreement) shall have the right to enforce
their respective rights and obligations hereunder (in the case of any Serviced Companion Loan Holder, to the extent they affect the related
Serviced Companion Loan and provided that such Serviced Companion Loan Holder is not the Mortgagor under the related Companion Loan or
an Affiliate thereof) as if each such Person was a party hereto.

Without limiting the foregoing,
the parties to this Agreement specifically state that no Mortgagor, property manager or other party to a Mortgage Loan is an intended
third-party beneficiary of this Agreement.

Section 12.10      
  Request by Certificateholders or the Serviced Companion Loan Holder. Where information or reports are required to be delivered
to a Certificateholder or a Serviced Companion Loan Holder, as applicable, upon request pursuant to the terms of this Agreement, such
request can be in the form of a single blanket request by a Certificateholder or a Serviced Companion Loan Holder, as applicable, to the
Certificate Administrator, the Master Servicer or the Special Servicer, as applicable, and, with respect to such Certificateholder or
a Serviced Companion Loan Holder, as applicable, such request shall be deemed to relate to each date such report or information may be
requested. The notice shall set forth the applicable Sections where such reports and information are requested.

Section 12.11      
Waiver of Jury Trial. THE PARTIES HERETO HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY
IN ANY ACTION, PROCEEDING OR COUNTERCLAIM, WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT OR
THE TRANSACTIONS CONTEMPLATED HEREBY.

Section 12.12           Submission
to Jurisdiction. EACH OF THE PARTIES HERETO IRREVOCABLY (I) SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND
THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY SUCH ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM IN ANY SUCH
ACTION OR PROCEEDING IN ANY SUCH COURT; (III) AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE
CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; AND (IV) CONSENTS
TO SERVICE OF PROCESS UPON IT BY MAILING A COPY THEREOF BY CERTIFIED MAIL ADDRESSED TO IT AS PROVIDED FOR NOTICES HEREUNDER AND AGREES
THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY MANNER PERMITTED BY LAW.

Section 12.13         
Exchange Act Rule 17g-5 Procedures.

(a)              
Except as otherwise provided in Section 12.06 of this Agreement or this Section 12.13 or otherwise in this
Agreement or as required by law, none of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating
Advisor or the Custodian shall provide any information directly to, or communicate with, either orally or in writing, any Rating Agency
regarding the Certificates or the Trust Loans

    	 	- 550 -	 

     

    

relevant to the Rating Agencies’
surveillance of the Certificates or the Trust Loans, including, but not limited to, providing responses to inquiries from a Rating Agency
regarding the Certificates or the Trust Loans relevant to such Rating Agency’s surveillance of the Certificates. To the extent that
a Rating Agency makes an inquiry or initiates communications with the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Operating Advisor or the Custodian regarding the Certificates or the Trust Loans relevant to such Rating Agency’s
surveillance of the Certificates, all responses to such inquiries or communications from such Rating Agency shall be made in writing by
the responding party and shall be provided to the Rule 17g-5 Information Provider as provided in Section 12.13(h),
whereupon the Rule 17g-5 Information Provider shall post such written response to the Rule 17g-5 Information Provider’s
Website on the same Business Day of receipt of such response if received by 2:00 p.m. or, if received after 2:00 p.m., on the
next Business Day by 12:00 p.m. (or, if the responding party is the Rule 17g-5 Information Provider, on the same Business
Day of preparation of such response if prepared by 2:00 p.m. or, if prepared after 2:00 p.m., on the next Business Day by 12:00 p.m.),
and the Rule 17g-5 Information Provider shall, promptly after such response has been posted to the Rule 17g-5 Information
Provider’s Website, notify, or cause the notification of, each Registered Rating Agency by electronic mail of the posting of such
response.

(b)              
To the extent that any of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating
Advisor or the Custodian is required to provide any information to, or communicate with, any Rating Agency in accordance with its obligations
under this Agreement, the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor or
the Custodian, as applicable, shall do so in writing and shall provide such written information or communication to the Rule 17g-5
Information Provider electronically as provided in Section 12.13(h), whereupon the Rule 17g-5 Information Provider
shall upload such information or communication to the Rule 17g-5 Information Provider’s Website on the same Business Day
of receipt of such response if received by 2:00 p.m. or, if received after 2:00 p.m., on the next Business Day by 12:00 p.m.
(or, if the applicable party is the Rule 17g-5 Information Provider, on the same Business Day of preparation of such response
if prepared by 2:00 p.m. or, if prepared after 2 p.m., on the next Business Day by 12:00 p.m.), and the Rule 17g-5
Information Provider shall, promptly after such written information or communication has been uploaded to the Rule 17g-5 Information
Provider’s Website, notify, or cause the notification of, each Registered Rating Agency by electronic mail of the posting of such
written information or communication. The foregoing shall include any Rating Agency Confirmation request made pursuant to this Agreement,
which shall be in writing, with a cover letter indicating the nature of the request and shall include all information the requesting party
believes is reasonably necessary for the applicable Rating Agency to make its decision.

(c)              
Notwithstanding the provisions of Section 12.13(a) or Section 12.13(b) of this Agreement, any of the Master
Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor or the Custodian shall be permitted
(but are not required) to orally communicate with the Rating Agencies in accordance with their respective obligations under this Agreement,
under the following circumstances: (i) such

    	 	- 551 -	 

     

    

party provides a written summary of the
information provided to the Rating Agencies during such communication to the 17g-5 Information Provider electronically as provided
in Section 12.13(h) on the same day such oral communication takes place (provided that the summary of such oral communications
shall not be attributed to the Rating Agency the communication was with); or (ii) the Depositor, in its sole discretion, provides a written
authorization (which may be by electronic email) from the Depositor to the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, the Operating Advisor or the Custodian, as applicable, to orally communicate with such Rating Agency (including, but not
limited to, providing responses to inquiries from such Rating Agency); provided, that any such authorization shall set forth the
procedures that such party shall follow if it elects (in its sole discretion) to orally communicate with the applicable Rating Agency,
which procedures shall be reasonable and customary as is necessary to allow compliance with Rule 17g-5. The 17g-5 Information
Provider shall post any summary, communication or other information provided to it in accordance with this paragraph on the 17g-5
Information Provider’s Website in accordance with the procedures set forth in Section 12.13(h).

(d)                 Each
of the Rule 17g-5 Information Provider, the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee,
the Operating Advisor and the Custodian (each, an “Indemnifying Party”) hereby expressly agrees to indemnify and hold
harmless the Depositor and its respective officers, directors, shareholders, members, managers, employees, agents, Affiliates and controlling
persons, and the Trust Fund (each, an “Indemnified Party”), from and against any and all losses, liabilities, damages,
claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses (including reasonable legal fees and expenses, which
for the avoidance of doubt include reasonable attorneys’ fees and expenses related to the enforcement of this indemnity), joint
or several, to which any such Indemnified Party may become subject, under the Act, the Exchange Act or otherwise, pursuant to a third-party
claim, insofar as such losses, liabilities, damages, claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses
(including such reasonable legal fees and expenses) arise out of or are based upon (i) such Indemnifying Party’s breach
of Section 12.06, Section 12.13(a), Section 12.13(b), Section 12.13(c), Section 12.13(g)
or Section 12.13(h) of this Agreement or (ii) a determination by any Rating Agency that it cannot reasonably
rely on representations made by the Depositor or any Affiliate thereof pursuant to Exchange Act Rule 17g-5(a)(3), to the extent
caused by any such breach referred to in clause (i) above by the applicable Indemnifying Party, and will reimburse such Indemnified
Party for any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any
such action or claim, as such expenses are incurred. The Depositor shall notify each of the Master Servicer and the Special Servicer
in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider (if it is not also
the Certificate Administrator).

(e)                  None
of the Master Servicer, the Special Servicer, the Certificate Administrator (unless the Certificate Administrator is acting in the capacity
of the Rule 17g-5 Information Provider), the Trustee, the Operating Advisor or the Custodian shall have any liability for
(i) the Rule 17g-5 Information Provider’s failure to post information provided by the Master Servicer, the Special
Servicer, the Certificate

    	 	- 552 -	 

     

    

Administrator, the Trustee, the Operating
Advisor or the Custodian in accordance with the terms of this Agreement, (ii) any malfunction or disabling of the Rule 17g-5
Information Provider’s Website or (iii) such party’s failure to perform any of its obligations under this Agreement regarding
providing information or communication to the Rating Agencies that are required to be performed after the Rule 17g-5 Information
Provider posts the related information or communication if the Rule 17g-5 Information Provider fails to notify such party that
it has posted such information or communication on the Rule 17g-5 Information Provider’s Website.

(f)                   None
of the foregoing restrictions in this Section 12.13 prohibit or restrict oral or written communications, or providing information,
between the Master Servicer or the Special Servicer, on the one hand, and any Rating Agency, on the other hand, with regard to (i) such
Rating Agency’s review of the ratings it assigns to the Master Servicer or the Special Servicer, as applicable, (ii) such
Rating Agency’s approval of the Master Servicer or the Special Servicer, as applicable, as a commercial mortgage master, special
or primary servicer or (iii) such Rating Agency’s evaluation of the Master Servicer’s or the Special Servicer’s,
as applicable, servicing operations in general; provided, however, that the Master Servicer or the Special Servicer, as
applicable, shall not provide any information relating to the Certificates or the Trust Loans to such Rating Agency in connection with
such review and evaluation by such Rating Agency unless: (x) borrower, property or deal specific identifiers are redacted; (y) the
Master Servicer or the Special Servicer, as applicable, has in fact previously provided such information to the Rule 17g-5
Information Provider and does not provide such information to such Rating Agency until the earlier of (i) receipt of notification from
the Rule 17g-5 Information Provider that such information has been posted to the Rule 17g-5 Information Provider’s
Website and (ii) after 12:00 p.m. on the first Business Day following the date it has provided such information to the Rule 17g-5
Information Provider; or (z) such Rating Agency has confirmed in writing to the Master Servicer or the Special Servicer, as applicable,
that it does not intend to use such information in undertaking credit rating surveillance for any Class of Certificates (and the
party providing such information to a Rating Agency shall, upon written request, certify to the Depositor that it received the confirmation
described in this clause (z)).

(g)                 The
Rule 17g-5 Information Provider shall establish and maintain the Rule 17g-5 Information Provider’s Website
in the form of a password-protected Internet Website in accordance with this Section 12.13 and Section 12.06
of this Agreement.

(h)                 The Rule 17g-5 Information Provider shall post on the Rule 17g-5 Information Provider’s Website and make
available solely to the Rating Agencies and other NRSROs, the following items, to the extent such items are delivered to it in an electronic
document format suitable for website posting (and the parties required to deliver the following information to the Rule 17g-5
Information Provider agree to do so in such format) via electronic mail at 17g5informationprovider@wellsfargo.com, specifically
with a subject reference of “CGCMT 2022-GC48” and an identification of the type of information being provided in the body
of such electronic mail (or via any alternative electronic mail address following notice to the parties hereto or any other delivery method
established or approved by the Rule 17g-5 Information Provider if or as may be necessary or beneficial):

    	 	- 553 -	 

     

    

(i)                
 all items delivered to the Rule 17g-5 Information Provider pursuant to Section 12.06;

(ii)                  all
information and communications delivered to the Rule 17g-5 Information Provider pursuant to Sections 12.13(a), 12.13(b)
and 12.13(c);

(iii)                    any
Form ABS Due Diligence-15E delivered to the Rule 17g-5 Information Provider pursuant to Section 12.13(l)
or by the Depositor;

(iv)            
any transaction documents, closing documents and opinions relating to this transaction delivered to the Rule 17g-5 Information
Provider by the Depositor; and

(v)                any
other information delivered to the Rule 17g-5 Information Provider pursuant to this Agreement.

The 17g-5 Information
Provider shall post the foregoing items on the 17g-5 Information Provider’s Website on the same Business Day of receipt if received
by 2:00 p.m. or, if received after 2:00 p.m., on the next Business Day by 12:00 p.m., and shall, promptly following the
posting of such item to the 17g-5 Information Provider’s Website, notify, or cause the notification of, (A) each Registered
Rating Agency and (B) the party that delivered such item to the 17g-5 Information Provider for posting on the 17g-5 Information
Provider’s Website, in each case by electronic mail, of the posting of such item on the 17g-5 Information Provider’s Website.

The Rule 17g-5 Information
Provider shall have no obligation or duty to verify, confirm or otherwise determine whether the information being delivered is accurate,
complete, conforms to the transaction, or otherwise is or is not anything other than what it purports to be. If any information is delivered
or posted in error, the Rule 17g-5 Information Provider may remove it from the Rue 17g-5 Information Provider’s Website.
The Certificate Administrator and the Rule 17g-5 Information Provider have not obtained and shall not be deemed to have obtained
actual knowledge of any information only by receipt and posting to Certificate Administrator’s Website or the Rule 17g-5
Information Provider’s Website, as applicable. Access will be provided by the Rule 17g-5 Information Provider to (i) the
Rating Agencies upon registration at the Rule 17g-5 Information Provider’s Website as a user thereof and (ii) other
NRSROs upon registration at the Rule 17g-5 Information Provider’s Website as a user thereof and receipt by the Rule 17g-5
Information Provider of an NRSRO Certification (which certification may be submitted via e-mail to the Rule 17g-5 Information
Provider). If a NRSRO (including any Rating Agency) requests access to the 17g-5 Information Provider’s Website, access will
be granted by the 17g-5 Information Provider on the same Business Day provided such request is made (and, in the case of a NRSRO that
is not a Rating Agency, a NRSRO Certification is submitted to the Rule 17g-5 Information Provider) prior to 2:00 p.m., New
York time on such Business Day, or if received after 2:00 p.m., New York City time, on the following Business Day. The 17g-5
Information Provider shall permit each Rating Agency to submit multiple email addresses for receipt of notices, including a general email
address; provided, that each email address so provided shall be associated with a registered user of the Rule 17g-5 Information
Provider’s Website. Questions regarding delivery of information to the Rule 17g-5 Information Provider may be directed
to 1-888-855-9695 and 17g5informationprovider@wellsfargo.com (specifically

    	 	- 554 -	 

     

    

referencing “CGCMT 2022-GC48” in
the subject line) (or to such other telephone number or e-mail address as the Rule 17g-5 Information Provider may designate).

The 17g-5 Information
Provider shall provide a mechanism to promptly notify each Person that has signed up for access to the 17g-5 Information Provider’s
Website in respect of the transaction governed by this Agreement each time an additional document is posted thereto. In connection with
providing access to the Rule 17g-5 Information Provider’s Website, the Rule 17g-5 Information Provider may require
registration and the acceptance of a disclaimer. The Rule 17g-5 Information Provider shall not be liable for the dissemination
of information in accordance with the terms of this Agreement, makes no representations or warranties as to the accuracy or completeness
of such information being made available, and assumes no responsibility for such information. The Rule 17g-5 Information Provider
shall not be liable for its failure to make any information available to the Rating Agencies or other NRSROs unless such information was
delivered to the Rule 17g-5 Information Provider at the e-mail address set forth herein (or by any other form of electronic
delivery reasonably acceptable to Rule 17g-5 Information Provider pursuant to the terms of this Agreement), with a subject heading
of “CGCMT 2022-GC48” and sufficient detail to indicate that such information is required to be posted on the Rule 17g-5
Information Provider’s Website. In connection with notifying a Registered Rating Agency of any information posted to the Rule 17g-5
Information Provider’s Website, the Rule 17g-5 Information Provider shall only be responsible for sending such notices
to the electronic mail address(es) of such Registered Rating Agency as provided by such Registered Rating Agency upon its registration
as user of the Rule 17g-5 Information Provider’s Website or upon any subsequent update of such electronic mail address(es)
made by such Registered Rating Agency through the Rule 17g-5 Information Provider’s Website, and the Rule 17g-5
Information Provider shall not be responsible for sending any notices to any electronic mail address(es) of any Registered Rating Agency
that is not provided to the Rule 17g-5 Information in the manner described in this sentence.

(i)                
In connection with the delivery by the Master Servicer, Special Servicer, Certificate Administrator, Operating Advisor or Trustee,
as applicable, to the Rule 17g-5 Information Provider of any information, report, notice or document for posting to the Rule 17g-5
Information Provider’s Website, the Rule 17g-5 Information Provider shall notify the Master Servicer, Special Servicer,
Certificate Administrator, Operating Advisor or Trustee, as applicable, of when such information, report, notice or other document has
been posted to the Rule 17g-5 Information Provider’s Website, and the Master Servicer, Special Servicer, Certificate Administrator,
Operating Advisor or Trustee, as applicable, may (but is not obligated to) send such information, report, notice or other document to
the applicable Rating Agency promptly following the earlier of (a) receipt of notification from the Rule 17g-5 Information
Provider that such information, report, notice or other document has been posted to the Rule 17g-5 Information Provider’s
Website and (b) after 12:00 p.m. on the first Business Day following the date it has provided such information, report, notice or
other document to the Rule 17g-5 Information Provider.

(j)                
With respect to each Outside Serviced Mortgage Loan, each of the Master Servicer, the Certificate Administrator and the Trustee
shall provide to the 17g-5 Information Provider for posting on the 17g-5 Information Provider’s Website, promptly upon receipt
from an Outside Service Provider, all reports, statements, documents, notices and other information it receives in respect of such Outside
Serviced Mortgage Loan that

    	 	- 555 -	 

     

    

would otherwise have been required to
be submitted to the 17g-5 Information Provider under this Agreement for posting had such Outside Serviced Mortgage Loan been a Serviced
Mortgage Loan. The 17g-5 Information Provider shall post on the 17g-5 Information Provider’s Website all such information
it receives in accordance with this Agreement.

(k)               
The Master Servicer or the Special Servicer may, but shall not be obligated to, provide information to the 17g-5 Information
Provider that is neither specifically required hereunder nor requested by any Rating Agency. Any such information shall be posted by the
17g-5 Information Provider in accordance with the timeframe provided in Section 12.13(b).

(l)                
If any of the parties to this Agreement receives a Form ABS Due Diligence-15E from any Person in connection with any third-party
“due diligence services” (as defined in Rule 17g-10 under the Exchange Act) provided by such Person with respect
to the Trust Loans (“Due Diligence Service Provider”), such receiving party shall promptly forward such Form ABS Due
Diligence-15E to the 17g-5 Information Provider for posting on the 17g-5 Information Provider’s Website in accordance
with Section 12.13(h). The 17g-5 Information Provider shall post on the 17g-5 Information Provider’s Website
any Form ABS Due Diligence-15E it receives directly from a Due Diligence Service Provider or from another party to this Agreement,
in accordance with the timeframe provided in Section 12.13(h).

(m)              
Neither the Master Servicer nor the Special Servicer shall be required to make any determination as to whether any service provided
by a third party requires obtaining a Form ABS Due Diligence-15E.

Section 12.14      
Cooperation With the Mortgage Loan Sellers With Respect to Rights Under the Loan Agreements. It is expressly agreed and
understood that, notwithstanding the assignment of the Loan Documents, it is expressly intended that the Mortgage Loan Sellers are entitled
to the benefit of any securitization indemnification provisions that specifically run to the benefit of the lenders in the Loan Documents.
Therefore, the Depositor, Master Servicer, Special Servicer and Trustee hereby agree to reasonably cooperate with any Mortgage Loan Seller,
at the sole expense of such Mortgage Loan Seller, with respect to obtaining the benefits of the provisions of any section of a Loan Agreement
or securitization cooperation agreement providing for indemnification of the lender and/or its loan seller affiliates with respect to
the current securitization of the related Trust Loan, including, without limitation, executing any documents as are reasonably necessary
to permit the related Mortgage Loan Seller to enforce such provisions for its benefit; provided, that none of the Depositor, Master Servicer,
Special Servicer or Trustee shall be required to take any action that is inconsistent with the Servicing Standard, would violate applicable
law, the terms and provisions of this Agreement or the Loan Documents, would adversely affect any Certificateholder or the Uncertificated
VRR Interest Owner, would cause any Trust REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a grantor trust
for federal income tax purposes, or would result in the imposition of a “prohibited transaction” or “prohibited contribution”
tax under the REMIC Provisions. To the extent that the Trustee is required to execute

    	 	- 556 -	 

     

    

any document facilitating the above rights
of a Mortgage Loan Seller under this Section 12.14, such document shall be in form and substance reasonably acceptable to
the Trustee.

Section 12.15         
Electronic Signatures.

Each of the parties hereto
agrees that the transaction consisting of this Agreement (and, to the extent permitted under applicable law, each officer’s certificate,
receipt or similar closing document delivered in connection with the closing of this transaction) may be conducted by electronic means.
Each party agrees, and acknowledges that it is such party’s intent, that if such party signs this Agreement (or, if applicable,
such closing document) using an electronic signature, it is signing, adopting, and accepting this Agreement or such closing document and
that signing this Agreement or such closing document using an electronic signature is the legal equivalent of having placed its handwritten
signature on this Agreement or such closing document on paper. The use of electronic signatures and electronic records (including, without
limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of
the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the
fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York
State Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform
Electronic Transactions Act or the Uniform Commercial Code.

Section 12.16        
PNC Bank, National Association. PNC Bank, National Association, by execution hereof by its division, Midland Loan Services,
a Division of PNC Bank, National Association, acknowledges and agrees that this Agreement is binding upon and enforceable against PNC
Bank, National Association to the full extent of the obligations set forth herein with respect to Midland Loan Services, a Division of
PNC Bank, National Association.

 

[Signature Pages Follow]

    	 	- 557 -	 

     

    

IN WITNESS WHEREOF, the
parties hereto have caused their names to be signed hereto by their respective officers thereunto duly authorized all as of the day and
year first above written. 

 

	 	CITIGROUP
    COMMERCIAL MORTGAGE 
	 	 	SECURITIES
    INC., as Depositor
	 	 
	 	By: 	/s/ Richard
                                            Simpson
	 	 	Name:
      	Richard
                                            Simpson

	 	 	Title:
    	President

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	 	MIDLAND
    LOAN SERVICES, A DIVISION
	 	OF
    PNC BANK, NATIONAL
	 	ASSOCIATION,
    as Master Servicer
	 	 
	 	By: 	/s/
    David Eckels
	 	 	Name:
      	David
                                            Eckels

	 	 	Title:
    	Senior
    Vice President

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	 	GREYSTONE
    SERVICING COMPANY LLC,
	 	 	as
    a Special Servicer
	 	 
	 	By: 	/s/ Jenna
                                            Unell
	 	 	Name:
      	Jenna
                                            Unell

	 	 	Title:
    	Vice
                                                                                                             President/Senior Managing 

Director

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

  

	 	RIALTO
    CAPITAL ADVISORS, LLC, as a
	 	 	Special
    Servicer
	 	 
	 	By: 	/s/
    Sorana Georgescu
	 	 	Name:
      	Sorana
                                            Georgescu

	 	 	Title:
    	Secretary

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

	 	PARK
    BRIDGE LENDER SERVICES LLC
	 	 	as
    Operating Advisor and as Asset
	 	 	Representations
    Reviewer
	 	 	 
	 	By:  	Park
                                            Bridge Advisors LLC, a New York

                                                                                limited
                                            liability company, its Sole Member

	 	 	 
	 	 	By:
                                            Park Bridge Financial LLC, a New

                                                                                York
                                            limited liability company, its Sole

                                                                                Member

	 	 
	 	By:	/s/
    Robert J. Spinna, Jr.
	 	 	Name:
      	Robert
                                            J. Spinna, Jr.

	 	 	Title:
    	Managing
                                            Member

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	 	COMPUTERSHARE
    TRUST COMPANY,
	 	NATIONAL
    ASSOCIATION, as Certificate
	 	Administrator
	 	 
	 	By:	/s/
    Amber Nelso
	 	 	Name:
    	Amber
                                            Nelso

	 	 	Title:
    	Vice
                                            President

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	 	WILMINGTON
    TRUST, NATIONAL
	 	ASSOCIATION,
	 	 	as
    Trustee
	 	 
	 	By: 	/s/
    Beverly D. Capers
	 	 	Name:
     	Beverly
                                            D. Capers

	 	 	Title:
    	Vice
                                            President

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	STATE OF	)	 
	 	) ss:	 
	COUNTY OF	)	 

 

On
this ____ day of ________ 2022, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ____________________________, to me known who, by me duly sworn, did depose and acknowledge before me
and say that s/he is the _____________________________________ of _____________________________, a _____________________________, one
of the entities described in and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of
said entity and on behalf of such entity.

WITNESS my hand
and seal hereto affixed the day and year first above written.

 

 

 

	 	 
	 	 	Notary Public in and for the	 
	 	 	State of _______________	 
	 	 
	My Commission expires:	 
	 	 
	[NOTARIAL SEAL]	 

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	STATE OF	)	 
	 	) ss:	 
	COUNTY OF	)	 

 

On
this ____ day of ________ 2022, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ____________________________, to me known who, by me duly sworn, did depose and acknowledge before me
and say that s/he is the _____________________________________ of _____________________________, a _____________________________, one
of the entities described in and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of
said entity and on behalf of such entity.

WITNESS my hand
and seal hereto affixed the day and year first above written.

 

 

 

	 	 
	 	 	Notary Public in and for the	 
	 	 	State of _______________	 
	 	 
	My Commission expires:	 
	 	 
	[NOTARIAL SEAL]	 

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	STATE OF	)	 
	 	) ss:	 
	COUNTY OF	)	 

 

On this ____ day of ________
2022, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned and sworn, personally appeared
____________________________, to me known who, by me duly sworn, did depose and acknowledge before me and say that s/he is the _____________________________________
of _____________________________, a _____________________________, one of the entities described in and that executed the foregoing instrument;
and that s/he signed her/his name thereto under authority of said entity and on behalf of such entity.

WITNESS my hand and seal hereto affixed the day
and year first above written.

 

 

 

	 	 
	 	 	Notary Public in and for the	 
	 	 	State of _______________	 
	 	 
	My Commission expires:	 
	 	 
	[NOTARIAL SEAL]	 

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	STATE OF	)	 
	 	) ss:	 
	COUNTY OF	)	 

 

On this ____ day of ________
2022, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned and sworn, personally appeared
____________________________, to me known who, by me duly sworn, did depose and acknowledge before me and say that s/he is the _____________________________________
of _____________________________, a _____________________________, one of the entities described in and that executed the foregoing instrument;
and that s/he signed her/his name thereto under authority of said entity and on behalf of such entity.

WITNESS my hand and seal hereto affixed the day
and year first above written.

 

 

 

	 	 
	 	 	Notary Public in and for the	 
	 	 	State of _______________	 
	 	 
	My Commission expires:	 
	 	 
	[NOTARIAL SEAL]	 

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	STATE OF	)	 
	 	) ss:	 
	COUNTY OF	)	 

 

On this ____ day of ________
2022, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned and sworn, personally appeared
____________________________, to me known who, by me duly sworn, did depose and acknowledge before me and say that s/he is the _____________________________________
of _____________________________, a _____________________________, one of the entities described in and that executed the foregoing instrument;
and that s/he signed her/his name thereto under authority of said entity and on behalf of such entity.

WITNESS my hand and seal hereto affixed the day
and year first above written.

 

 

 

	 	 
	 	 	Notary Public in and for the	 
	 	 	State of _______________	 
	 	 
	My Commission expires:	 
	 	 
	[NOTARIAL SEAL]	 

 

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	STATE OF	)	 
	 	) ss:	 
	COUNTY OF	)	 

 

On this ____ day of ________
2022, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned and sworn, personally appeared
____________________________, to me known who, by me duly sworn, did depose and acknowledge before me and say that s/he is the _____________________________________
of _____________________________, a _____________________________, one of the entities described in and that executed the foregoing instrument;
and that s/he signed her/his name thereto under authority of said entity and on behalf of such entity.

WITNESS my hand and seal hereto affixed the day
and year first above written.

 

 

 

	 	 
	 	 	Notary Public in and for the	 
	 	 	State of _______________	 
	 	 
	My Commission expires:	 
	 	 
	[NOTARIAL SEAL]	 

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	STATE OF	)	 
	 	) ss:	 
	COUNTY OF	)	 

 

On this ____ day of ________
2022, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned and sworn, personally appeared
____________________________, to me known who, by me duly sworn, did depose and acknowledge before me and say that s/he is the _____________________________________
of _____________________________, a _____________________________, one of the entities described in and that executed the foregoing instrument;
and that s/he signed her/his name thereto under authority of said entity and on behalf of such entity.

WITNESS my hand and seal hereto affixed the day
and year first above written.

 

 

 

	 	 
	 	 	Notary Public in and for the	 
	 	 	State of _______________	 
	 	 
	My Commission expires:	 
	 	 
	[NOTARIAL SEAL]	 

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

	STATE OF	)	 
	 	) ss:	 
	COUNTY OF	)	 

 

On this ____ day of ________
2022, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned and sworn, personally appeared
____________________________, to me known who, by me duly sworn, did depose and acknowledge before me and say that s/he is the _____________________________________
of _____________________________, a _____________________________, one of the entities described in and that executed the foregoing instrument;
and that s/he signed her/his name thereto under authority of said entity and on behalf of such entity.

WITNESS my hand and seal hereto affixed the day
and year first above written.

 

 

 

	 	 
	 	 	Notary Public in and for the	 
	 	 	State of _______________	 
	 	 
	My Commission expires:	 
	 	 
	[NOTARIAL SEAL]	 

 

 

    	 	CGCMT 2022-GC48 – Pooling and Servicing Agreement	 

     

    

 

 

EXHIBIT A-1

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-1

[UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE UNDERWRITERS OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.
 

 

	1	 Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

	2	Global Certificate legend.

    	 	A-1-1	 

     

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-1

	Pass-Through
    Rate: 4.10700% per annum	 
	 	 
	First
    Distribution Date: July 15, 2022	Cut-Off
    Date:  With respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan
    or Serviced Companion Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due
    Date subsequent to June 2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced
    Companion Loan, as applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate
    Initial Certificate Balance of the Class A-1 Certificates:  $3,961,000	Scheduled
    Final Distribution Date: the Distribution Date in February 2027
	 	 

 

	CUSIP:
    29426VAA4

     
	Initial
    Certificate Balance of this Certificate: $[_____]
	ISIN:
    US29426VAA44

     

     

     

    

    

	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class A-1 Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by
first liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in
trust by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special
Servicer. The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate
Companion Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound
thereby. In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing
Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and
Servicing Agreement are the Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B,
Class C, Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class
VRR, Class R and Class S Certificates (together with the Class A-1 Certificates, the “Certificates”; the
Holders of Certificates are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B,
Class YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of
Loan-Specific Certificates are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the
Uncertificated VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”;
and the Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master

    	 	A-1-2	 

     

    

Servicer, Greystone Servicing Company LLC and
Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee. To the extent not defined herein, capitalized terms used herein shall have the meanings assigned thereto in the Pooling and
Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class A-1 Certificates for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained
Percentage of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class A-1 Certificates is the calendar
month preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount

    	 	A-1-3	 

     

    

held as a result of such Trust Interest Owner’s
failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

    	 	A-1-4	 

     

    

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the

    	 	A-1-5	 

     

    

obligations or rights of any Mortgage Loan
Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

    	 	A-1-6	 

     

    

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

    	 	A-1-7	 

     

    

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-1-8	 

     

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class A-1 Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but
    solely 

as Certificate Administrator
	 	 	 
	 	 	 
	 	By: 	 
	 	 	Authorized Signatory

 

Dated: ____________, 2022

 

CERTIFICATE OF AUTHENTICATION

This is one of the Class A-1
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 
	 	 	 
	 	By: 	 
	 	 	Authorized Signatory

 

 

 

    	 	A-1-9	 

     

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class A-1 Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class A-1 Certificate of the entire Percentage Interest represented by the within Class A-1
Certificates to the above-named Assignee(s) and to deliver such Class A-1 Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

 

    	 	A-1-10	 

     

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

 

    	 	A-1-11	 

     

    

EXHIBIT A-2

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-2

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]3

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]4

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE UNDERWRITERS OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

3
       Legend required as long as DTC is the Depository
under the Pooling and Servicing Agreement.

4
       Global Certificate legend.

    	 	A-2-1	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-2

	Pass-Through
    Rate: The WAC Rate minus 0.21000%5	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class A-2 Certificates:  $93,366,000	Scheduled Final Distribution Date: the Distribution
    Date in June 2027
	 	 

 

	CUSIP:  29426VAB2

     
	Initial Certificate Balance of
    this Certificate: $[_____]
	ISIN:
    US29426VAB27

     

     

     
	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class A-2 Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by
first liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in
trust by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special
Servicer. The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate
Companion Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound
thereby. In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing
Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and
Servicing Agreement are the Class A-1, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B,
Class C, Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class
VRR, Class R and Class S Certificates (together with the Class A-2 Certificates, the “Certificates”; the
Holders of Certificates are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B,
Class YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of
Loan-Specific Certificates are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the
Uncertificated VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”;
and the Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master

 

5
The initial approximate Pass-Through Rate as of the Closing Date is 4.66526% per annum.

    	 	A-2-2	 

    

    

Servicer, Greystone Servicing Company LLC and
Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee. To the extent not defined herein, capitalized terms used herein shall have the meanings assigned thereto in the Pooling and
Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class A-2 Certificates for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained
Percentage of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class A-2 Certificates is the calendar
month preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount

    	 	A-2-3	 

    

    

held as a result of such Trust Interest Owner’s
failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

    	 	A-2-4	 

    

    

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the

    	 	A-2-5	 

    

    

obligations or rights of any Mortgage Loan
Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

    	 	A-2-6	 

    

    

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

    	 	A-2-7	 

    

    

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

 

    	 	A-2-8	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class A-2 Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class A-2
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

 

    	 	A-2-9	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class A-2 Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class A-2 Certificate of the entire Percentage Interest represented by the within Class A-2
Certificates to the above-named Assignee(s) and to deliver such Class A-2 Certificate to the following address:

Date: _________________

 

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-2-10	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
__________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

 

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

    	 	A-2-11	 

    

    

EXHIBIT A-3

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-4

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]6

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]7

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE UNDERWRITERS OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

6
       Legend required as long as DTC is the Depository
under the Pooling and Servicing Agreement.

7
       Global Certificate legend.

    	 	A-3-1	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-4

	Pass-Through
    Rate:  The lesser of 4.47900% and the WAC Rate8	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class A-4 Certificates:  $115,000,000	Scheduled Final Distribution
    Date: the Distribution Date in May 2032
	 	 

 

	CUSIP: 
    29426VAC0

     
	Initial Certificate
    Balance of this Certificate: $[_____]
	ISIN:
    US29426VAC00

     

     

    

    

	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class A-4 Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens
on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust by the
Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion
Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue
of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby.
In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing Agreement,
such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing
Agreement are the Class A-1, Class A-2, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR, Class R
and Class S Certificates (together with the Class A-4 Certificates, the “Certificates”; the Holders of Certificates
are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D
and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates
are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest
(collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the Holders of Trust
Interests are collectively referred to herein as “Trust Interest Owners”).

 

 

8
The initial approximate Pass-Through Rate as of the Closing Date is 4.47900% per annum.

 

    	 	A-3-2	 

    

    

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class A-4 Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage
of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class A-4 Certificates is the calendar month preceding
the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law

    	 	A-3-3	 

    

    

with respect to escheatment of funds, if within
two years after the second notice any Trust Interests shall not have been surrendered for cancellation, the Paying Agent shall pay to
the Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue or be payable to any Trust Interest
Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its Trust Interest(s) for final payment
thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

    	 	A-3-4	 

    

    

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of

    	 	A-3-5	 

    

    

the Controlling Class Representative without
the consent of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without
the consent of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information
under the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner
the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase
Agreement without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

    	 	A-3-6	 

    

    

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and

    	 	A-3-7	 

    

    

Servicing Agreement continue beyond the expiration
of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United
States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated by the preceding
paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly following
receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

 

    	 	A-3-8	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class A-4 Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class A-4
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

 

    	 	A-3-9	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class A-4 Certificate and hereby authorize(s) the registration of transfer of
such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class A-4 Certificate of the entire Percentage Interest represented by the within Class A-4 Certificates
to the above-named Assignee(s) and to deliver such Class A-4 Certificate to the following address:

Date: _________________

 

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-3-10	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: _______________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________. This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-3-11	 

    

    

EXHIBIT A-4

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-5

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]9

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]10

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE UNDERWRITERS OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

9
       Legend required as long as DTC is the Depository
under the Pooling and Servicing Agreement.

10
     Global Certificate legend.

    	 	A-4-1	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-5

	Pass-Through
    Rate:  The WAC Rate minus 0.29500%11	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class A-5 Certificates:  $202,858,000	Scheduled Final Distribution
    Date: the Distribution Date in May 2032
	 	 

 

	CUSIP: 
                                            29426VAD8

     
	Initial Certificate
    Balance of this Certificate: $[_____]
	ISIN:
                                            US29426VAD82

     

     

    

    

	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class A-5 Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by
first liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in
trust by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special
Servicer. The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate
Companion Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound
thereby. In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing
Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and
Servicing Agreement are the Class A-1, Class A-2, Class A-4, Class A-SB, Class X-A, Class A-S, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR, Class R
and Class S Certificates (together with the Class A-5 Certificates, the “Certificates”; the Holders of Certificates
are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D
and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates
are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest
(collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the Holders of Trust
Interests are collectively referred to herein as “Trust Interest Owners”).

 

11
The initial approximate Pass-Through Rate as of the Closing Date is 4.58026% per annum.

    	 	A-4-2	 

    

    

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class A-5 Certificates for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained
Percentage of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class A-5 Certificates is the calendar
month preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law

    	 	A-4-3	 

    

    

with respect to escheatment of funds, if within
two years after the second notice any Trust Interests shall not have been surrendered for cancellation, the Paying Agent shall pay to
the Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue or be payable to any Trust Interest
Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its Trust Interest(s) for final payment
thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

    	 	A-4-4	 

    

    

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of

    	 	A-4-5	 

    

    

the Controlling Class Representative without
the consent of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without
the consent of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information
under the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner
the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase
Agreement without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

    	 	A-4-6	 

    

    

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and

    	 	A-4-7	 

    

    

Servicing Agreement continue beyond the expiration
of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United
States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated by the preceding
paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly following
receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-4-8	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class A-5 Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class A-5
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022 

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

    ASSOCIATION not in its individual capacity but solely 

    as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-4-9	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class A-5 Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class A-5 Certificate of the entire Percentage Interest represented by the within Class A-5
Certificates to the above-named Assignee(s) and to deliver such Class A-5 Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-4-10	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: ________________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named
above or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-4-11	 

    

    

EXHIBIT A-5

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-SB

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]12

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]13

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE UNDERWRITERS OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

 

12
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

13
       Global Certificate legend.

    	 	A-5-1	 

    

    

 

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-SB

	Pass-Through
    Rate:  The WAC Rate minus 0.23000%14	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class A-SB Certificates:  $5,942,000	Scheduled Final Distribution Date: the Distribution
    Date in February 2032
	 	 

 

	CUSIP:  29426VAE6

     
	Initial Certificate Balance of
    this Certificate: $[_____]
	ISIN:  US29426VAE65

     

     

    

    

	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class A-SB Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first
liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust
by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion
Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue
of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby.
In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing Agreement,
such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing
Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class X-A, Class A-S, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR, Class R
and Class S Certificates (together with the Class A-SB Certificates, the “Certificates”; the Holders of Certificates
are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D
and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates
are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest
(collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the Holders of Trust
Interests are collectively referred to herein as “Trust Interest Owners”).

 

14
The initial approximate Pass-Through Rate as of the Closing Date is 4.64526% per annum.

    	 	A-5-2	 

    

    

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class A-SB Certificates for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained
Percentage of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class A-SB Certificates is the calendar month
preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law

    	 	A-5-3	 

    

    

with respect to escheatment of funds, if within
two years after the second notice any Trust Interests shall not have been surrendered for cancellation, the Paying Agent shall pay to
the Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue or be payable to any Trust Interest
Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its Trust Interest(s) for final payment
thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

    	 	A-5-4	 

    

    

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of

    	 	A-5-5	 

    

    

the Controlling Class Representative without
the consent of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without
the consent of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information
under the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner
the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase
Agreement without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

    	 	A-5-6	 

    

    

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and

    	 	A-5-7	 

    

    

Servicing Agreement continue beyond the expiration
of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United
States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated by the preceding
paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly following
receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-5-8	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class A-SB Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class A-SB
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

 

    	 	A-5-9	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class A-SB Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class A-SB Certificate of the entire Percentage Interest represented by the within Class A-SB
Certificates to the above-named Assignee(s) and to deliver such Class A-SB Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-5-10	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: _______________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named
above or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-5-11	 

    

    

EXHIBIT A-6

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS X-A

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE UNDERWRITERS OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE WILL
BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS A-1, CLASS A-2, CLASS A-4, CLASS A-5
AND CLASS A-SB certificates. ACCORDINGLY, THE NOTIONAL AMOUNT OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THIS CLASS X-A CERTIFICATE WILL NOT BE
ENTITLED TO RECEIVE DISTRIBUTIONS OF PRINCIPAL.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

1        Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2        Global Certificate legend.

    	 	A-6-1	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS X-A

	Pass-Through
    Rate:  Variable IO3	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Notional
    Amount of the Class X-A Certificates:  $421,127,000	Scheduled Final Distribution Date:  the
    Distribution Date in May 2032
	 	 

 

	CUSIP:  29426VAF3

     
	Initial Notional Amount of this
    Certificate: $[_____]
	ISIN:
    US29426VAF31

     

     
	 
	 	 
	 

    No.: [1]
	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class X-A Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by
first liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in
trust by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special
Servicer. The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate
Companion Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound
thereby. In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing
Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and
Servicing Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class A-S, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR, Class R
and Class S Certificates (together with the Class X-A Certificates, the “Certificates”; the Holders of Certificates
are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D
and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates
are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest
(collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the Holders of Trust
Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage

 

3
The initial approximate Pass-Through Rate as of the Closing Date is 0.30734% per annum.

    	 	A-6-2	 

    

    

Securities Inc., as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors,
LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare
Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent
not defined herein, capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of interest
then distributable, if any, with respect to the Class X-A Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage
of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class X-A Certificates is the calendar month
preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts

    	 	A-6-3	 

    

    

distributable to the Holders thereof. No interest
shall accrue or be payable to any Trust Interest Owner on any amount held as a result of such Trust Interest Owner’s failure to
surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

    	 	A-6-4	 

    

    

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of

    	 	A-6-5	 

    

    

the Controlling Class Representative without
the consent of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without
the consent of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information
under the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner
the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase
Agreement without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

    	 	A-6-6	 

    

    

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and

    	 	A-6-7	 

    

    

Servicing Agreement continue beyond the expiration
of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United
States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated by the preceding
paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly following
receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-6-8	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class X-A Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class
X-A Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-6-9	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class X-A Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class X-A Certificate of the entire Percentage Interest represented by the within Class X-A
Certificates to the above-named Assignee(s) and to deliver such Class X-A Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-6-10	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: __________________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named
above or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

 

 

    	 	A-6-11	 

    

    

EXHIBIT A-7

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-S

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE UNDERWRITERS OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

DISTRIBUTIONS OF PRINCIPAL
AND INTEREST ON THIS CERTIFICATE ARE SUBORDINATED TO DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON OTHER CLASSES OF CERTIFICATES OF THE SAME
SERIES.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

1        Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2        Global Certificate legend.

    	 	A-7-1	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS A-S

	Pass-Through
    Rate:  The WAC Rate3	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class A-S Certificates:  $42,112,000	Scheduled Final Distribution Date: the Distribution
    Date in May 2032
	 	 

 

	CUSIP:  29426VAG1

     
	Initial Certificate Balance of
    this Certificate: $[_____]
	ISIN:
                                            US29426VAG14

     

     

     
	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class A-S Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by
first liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in
trust by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special
Servicer. The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate
Companion Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound
thereby. In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing
Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and
Servicing Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR, Class R
and Class S Certificates (together with the Class A-S Certificates, the “Certificates”; the Holders of Certificates
are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D
and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates
are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest
(collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the Holders of Trust
Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master

 

3 The initial approximate Pass-Through Rate as of the Closing Date is 4.87526% per annum.

    	 	A-7-2	 

    

    

Servicer, Greystone Servicing Company LLC and
Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee. To the extent not defined herein, capitalized terms used herein shall have the meanings assigned thereto in the Pooling and
Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class A-S Certificates for such Distribution Date, all as more fully
described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained
Percentage of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class A-S Certificates is the calendar
month preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount

    	 	A-7-3	 

    

    

held as a result of such Trust Interest Owner’s
failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

    	 	A-7-4	 

    

    

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the

    	 	A-7-5	 

    

    

obligations or rights of any Mortgage Loan
Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

    	 	A-7-6	 

    

    

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

    	 	A-7-7	 

    

    

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

 

    	 	A-7-8	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class A-S Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class A-S
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

 

    	 	A-7-9	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class A-S Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class A-S Certificate of the entire Percentage Interest represented by the within Class A-S
Certificates to the above-named Assignee(s) and to deliver such Class A-S Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

    	 	A-7-10	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: ___________________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named
above or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-7-11	 

    

    

EXHIBIT A-8

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS B

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE UNDERWRITERS OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON
THIS CERTIFICATE ARE SUBORDINATED TO DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

 

1
       Legend required as long as DTC is the Depository
under the Pooling and Servicing Agreement.

2
       Global Certificate legend.

    	 	A-8-1	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS B

	Pass-Through
    Rate:  The WAC Rate3	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class B Certificates:  $30,833,000	Scheduled Final Distribution Date: the Distribution
    Date in June 2032
	 	 
	CUSIP:  29426VAH9

     
	Initial Certificate Balance of this Certificate:
    $[_____]
	ISIN: US29426VAH96

     

     

     
	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class B Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first
liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust
by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion
Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue
of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby.
In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing Agreement,
such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing
Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR, Class R
and Class S Certificates (together with the Class B Certificates, the “Certificates”; the Holders of Certificates
are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D
and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates
are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest
(collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the Holders of Trust
Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master

 

 

3
The initial approximate Pass-Through Rate as of the Closing Date is 4.87526% per annum.

    	 	A-8-2	 

    

    

Servicer, Greystone Servicing Company LLC and
Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee. To the extent not defined herein, capitalized terms used herein shall have the meanings assigned thereto in the Pooling and
Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class B Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage
of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class B Certificates is the calendar month
preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount

    	 	A-8-3	 

    

    

held as a result of such Trust Interest Owner’s
failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

    	 	A-8-4	 

    

    

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the

    	 	A-8-5	 

    

    

obligations or rights of any Mortgage Loan
Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

    	 	A-8-6	 

    

    

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

    	 	A-8-7	 

    

    

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

 

    	 	A-8-8	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class B Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class B
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

 

    	 	A-8-9	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class B Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class B Certificate of the entire Percentage Interest represented by the within Class B
Certificates to the above-named Assignee(s) and to deliver such Class B Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-8-10	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-8-11	 

    

    

EXHIBIT A-9

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS C

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE UNDERWRITERS OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON
THIS CERTIFICATE ARE SUBORDINATED TO DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

 

1        Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2        Global Certificate legend.

    	 	A-9-1	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS C

	Pass-Through
    Rate:  The WAC Rate3	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class C Certificates:  $30,080,000	Scheduled Final Distribution Date: the Distribution
    Date in June 2032
	 	 
	CUSIP:  29426VAJ5

     
	Initial Certificate Balance of this Certificate:
    $[_____]
	ISIN:
    US29426VAJ52

     

     
	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class C Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first
liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust
by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion
Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue
of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby.
In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing Agreement,
such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing
Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR, Class R and
Class S Certificates (together with the Class C Certificates, the “Certificates”; the Holders of Certificates
are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D
and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates
are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest
(collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the Holders of Trust
Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park

 

 

3 The initial approximate Pass-Through Rate as of the Closing Date is 4.87526% per annum.

    	 	A-9-2	 

    

    

Bridge Lender Services LLC, as Operating Advisor
and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee. To the extent not defined herein, capitalized terms used herein shall have the meanings assigned
thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class C Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage
of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class C Certificates is the calendar month
preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount

    	 	A-9-3	 

    

    

held as a result of such Trust Interest Owner’s
failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

    	 	A-9-4	 

    

    

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the

    	 	A-9-5	 

    

    

obligations or rights of any Mortgage Loan
Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

    	 	A-9-6	 

    

    

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

    	 	A-9-7	 

    

    

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

 

    	 	A-9-8	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class C Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class C
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022 

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-9-9	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class C Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class C Certificate of the entire Percentage Interest represented by the within Class C
Certificates to the above-named Assignee(s) and to deliver such Class C Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-9-10	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-9-11	 

    

    

EXHIBIT
A-10

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS X-D

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE INITIAL PURCHASERS OR ANY OF
THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE WILL
BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCES OF THE CLASS D AND CLASS E CERTIFICATES. ACCORDINGLY, THE NOTIONAL
AMOUNT OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THIS CLASS X-D CERTIFICATE WILL NOT BE ENTITLED
TO RECEIVE DISTRIBUTIONS OF PRINCIPAL.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS

 

1        Temporary Regulation S Global Certificate legend.

2        Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3        Global Certificate legend.

    	 	A-10-1	 

    

    

CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE
DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

    	 	A-10-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS X-D

	Pass-Through
    Rate:  Variable IO4	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Notional Amount of the Class X-D
    Certificates:  $33,841,000	Scheduled Final Distribution Date:  the
    Distribution Date in June 2032
	 	 

 

	CUSIP:   29426VBD75

U1742VAK56

29426VBE57

     
	Initial Notional Amount of this
    Certificate: $[_____]
	ISIN:      US29426VBD738

    USU1742VAK539

    US29426VBE5610

     

    Common
    Code:
	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class X-D Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by
first liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in
trust by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special
Servicer. The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate
Companion Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound
thereby. In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing
Agreement, such provision of this

 

 

4 The initial approximate Pass-Through Rate as of the Closing Date is 2.37526% per annum.

5 For Rule 144A Certificates

6 For Regulation S Certificates

7 For IAI Certificates

8 For Rule 144A Certificates

9
For Regulation S Certificates

10 For IAI Certificates

    	 	A-10-3	 

    

    

Certificate shall be superseded to the extent
of such inconsistency. Also issued under the Pooling and Servicing Agreement are the Class A-1, Class A-2, Class A-4, Class A-5,
Class A-SB, Class X-A, Class A-S, Class B, Class C, Class X-F, Class X-G, Class X-H, Class D, Class E,
Class F, Class G, Class H, Class VRR, Class R and Class S Certificates (together with the Class X-D Certificates,
the “Certificates”; the Holders of Certificates are collectively referred to herein as “Certificateholders”);
(ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”;
the Holders of Loan-Specific Certificates are collectively referred to herein as “Loan-Specific Certificateholders”);
and (iii) the Uncertificated VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust
Interests”; and the Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of interest
then distributable, if any, with respect to the Class X-D Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage
of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class X-D Certificates is the calendar month preceding
the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

    	 	A-10-4	 

    

    

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount held as a result of such Trust
Interest Owner’s failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling
and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

    	 	A-10-5	 

    

    

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

    	 	A-10-6	 

    

    

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the

    	 	A-10-7	 

    

    

right of the Certificateholders or Loan-Specific
Certificateholders to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders
or Loan-Specific Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related

    	 	A-10-8	 

    

    

obligations) shall terminate immediately following
the earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders
of the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-10-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class X-D Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF
AUTHENTICATION

This is one of the Class
X-D Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

 

    	 	A-10-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class X-D Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class X-D Certificate of the entire Percentage Interest represented by the within Class X-D
Certificates to the above-named Assignee(s) and to deliver such Class X-D Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

 

    	 	A-10-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
_______________________________________________________________________________________________ Distributions, if being made by wire
transfer in immediately available funds to __________________________ for the account of __________________________ account number
____________________________.
 This information is provided by ______________________________, the Assignee(s) named above or
____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

 

    	 	A-10-12	 

    

    

EXHIBIT
A-11

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS X-F

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE INITIAL PURCHASERS OR ANY OF
THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE WILL
BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCE OF THE CLASS F CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THIS CLASS X-F CERTIFICATE WILL NOT BE ENTITLED
TO RECEIVE DISTRIBUTIONS OF PRINCIPAL.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS

 

 

1        Temporary Regulation S Global Certificate legend.

2        Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3        Global Certificate legend.

    	 	A-11-1	 

    

    

CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE
DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY OR
PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO
THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION
3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II) AN ENTITY OR COLLECTIVE INVESTMENT FUND
THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF
ERISA, OR SIMILAR LAW OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE,
UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH
INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION,
HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY GOVERNMENTAL PLAN OR OTHER PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND
DISPOSITION BY SUCH GOVERNMENTAL PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    	 	A-11-2	 

    

    

 

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS X-F

	Pass-Through
    Rate:  1.35000% per annum	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Notional Amount of the Class X-F
    Certificates:  $15,040,000	Scheduled Final Distribution Date:  the
    Distribution Date in June 2032
	 	 

 

	CUSIP:   29426VBF24

    U1742VAL35

    29426VBG06

     
	Initial Notional Amount of this
    Certificate: $[_____]
	ISIN:      US29426VBF227

    USU1742VAL378

    US29426VBG059

     
	 
	Common Code:

     
	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class X-F Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by
first liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in
trust by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special
Servicer. The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate
Companion Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound
thereby. In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing
Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and
Servicing Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B,
Class C,

 

4
For Rule 144A Certificates

5
For Regulation S Certificates

6
For IAI Certificates

7
For Rule 144A Certificates

8
For Regulation S Certificates

9
For IAI Certificates

    	 	A-11-3	 

    

    

Class X-D, Class X-G, Class X-H, Class D,
Class E, Class F, Class G, Class H, Class VRR, Class R and Class S Certificates (together with the Class X-F
Certificates, the “Certificates”; the Holders of Certificates are collectively referred to herein as “Certificateholders”);
(ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”;
the Holders of Loan-Specific Certificates are collectively referred to herein as “Loan-Specific Certificateholders”);
and (iii) the Uncertificated VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust
Interests”; and the Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of interest
then distributable, if any, with respect to the Class X-F Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class X-F Certificates is the calendar month preceding
the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second

    	 	A-11-4	 

    

    

notice to the remaining Trust Interest Owners,
at their last addresses shown in the Certificate Register, to surrender their Trust Interests for cancellation in order to receive, from
such funds held, the final distribution with respect thereto. If within one year after the second notice any Trust Interest shall not
have been surrendered for cancellation, the Certificate Administrator may, directly or through an agent, take appropriate steps to contact
the remaining Trust Interest Owners concerning surrender of their Trust Interests. The costs and expenses of maintaining such funds and
of contacting Trust Interest Owners shall be paid out of the assets which remain held. Subject to applicable state law with respect to
escheatment of funds, if within two years after the second notice any Trust Interests shall not have been surrendered for cancellation,
the Paying Agent shall pay to the Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue
or be payable to any Trust Interest Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its
Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee,

    	 	A-11-5	 

    

    

without the consent of any of the Certificateholders,
the Uncertificated VRR Interest Owner, the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if

    	 	A-11-6	 

    

    

applicable, Loan-Specific Certificates)
by any of the Rating Agencies, provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder
or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the

    	 	A-11-7	 

    

    

Certificateholders or Loan-Specific Certificateholders
to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO

    	 	A-11-8	 

    

    

Properties (or interests therein) then included
in the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder
of its Certificates, Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests
therein) then included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment
or other liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the
Trust Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue
beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-11-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class X-F Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF
AUTHENTICATION

This is one of the Class
X-F Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-11-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class X-F Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class X-F Certificate of the entire Percentage Interest represented by the within Class X-F
Certificates to the above-named Assignee(s) and to deliver such Class X-F Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

 

    	 	A-11-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: _______________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named
above or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

 

    	 	A-11-12	 

    

    

EXHIBIT A-12

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS X-G

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE INITIAL PURCHASERS OR ANY OF
THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE WILL
BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCE OF THE CLASS G CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THIS CLASS X-G CERTIFICATE WILL NOT BE ENTITLED
TO RECEIVE DISTRIBUTIONS OF PRINCIPAL.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS

 

 

1       Temporary Regulation S Global Certificate legend.

2       Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3       Global Certificate legend.

    	 	A-12-1	 

    

    

CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE
DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY OR
PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO
THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION
3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II) AN ENTITY OR COLLECTIVE INVESTMENT FUND
THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF
ERISA, OR SIMILAR LAW OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE,
UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH
INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION,
HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY GOVERNMENTAL PLAN OR OTHER PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND
DISPOSITION BY SUCH GOVERNMENTAL PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    	 	A-12-2	 

    

    

 

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS X-g

	Pass-Through
    Rate:  1.35000% per annum	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Notional Amount of the Class X-G
    Certificates:  $6,768,000	Scheduled Final Distribution Date:  the
    Distribution Date in June 2032
	 	 

 

	CUSIP:   29426VBH84

U1742VAM15

29426VBJ46

     
	Initial Notional Amount of this
    Certificate: $[_____]
	ISIN:      US29426VBH87
    7

    USU1742VAM108

    US29426VBJ449

     

    Common
    Code:
	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class X-G Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by
first liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in
trust by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special
Servicer. The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate
Companion Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound
thereby. In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing
Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and
Servicing Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B,
Class C,

 

4
For Rule 144A Certificates

5
For Regulation S Certificates

6
For IAI Certificates

7
For Rule 144A Certificates

8
For Regulation S Certificates

9
For IAI Certificates

    	 	A-12-3	 

    

    

Class X-D, Class X-F, Class X-H, Class D,
Class E, Class F, Class G, Class H, Class VRR, Class R and Class S Certificates (together with the Class X-G
Certificates, the “Certificates”; the Holders of Certificates are collectively referred to herein as “Certificateholders”);
(ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”;
the Holders of Loan-Specific Certificates are collectively referred to herein as “Loan-Specific Certificateholders”);
and (iii) the Uncertificated VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust
Interests”; and the Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of interest
then distributable, if any, with respect to the Class X-G Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class X-G Certificates is the calendar month preceding
the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second

    	 	A-12-4	 

    

    

notice to the remaining Trust Interest Owners,
at their last addresses shown in the Certificate Register, to surrender their Trust Interests for cancellation in order to receive, from
such funds held, the final distribution with respect thereto. If within one year after the second notice any Trust Interest shall not
have been surrendered for cancellation, the Certificate Administrator may, directly or through an agent, take appropriate steps to contact
the remaining Trust Interest Owners concerning surrender of their Trust Interests. The costs and expenses of maintaining such funds and
of contacting Trust Interest Owners shall be paid out of the assets which remain held. Subject to applicable state law with respect to
escheatment of funds, if within two years after the second notice any Trust Interests shall not have been surrendered for cancellation,
the Paying Agent shall pay to the Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue
or be payable to any Trust Interest Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its
Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee,

    	 	A-12-5	 

    

    

without the consent of any of the Certificateholders,
the Uncertificated VRR Interest Owner, the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if

    	 	A-12-6	 

    

    

applicable, Loan-Specific Certificates)
by any of the Rating Agencies, provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder
or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the

    	 	A-12-7	 

    

    

Certificateholders or Loan-Specific Certificateholders
to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO

    	 	A-12-8	 

    

    

Properties (or interests therein) then included
in the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder
of its Certificates, Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests
therein) then included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment
or other liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the
Trust Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue
beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

 

    	 	A-12-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class X-G Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF
AUTHENTICATION

This is one of the Class
X-G Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

 

    	 	A-12-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class X-G Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class X-G Certificate of the entire Percentage Interest represented by the within Class X-G
Certificates to the above-named Assignee(s) and to deliver such Class X-G Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-12-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
_________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-12-12	 

    

    

EXHIBIT A-13

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS X-H

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE INITIAL PURCHASERS OR ANY OF
THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

THE NOTIONAL AMOUNT OF THIS CERTIFICATE WILL
BE REDUCED IN CONNECTION WITH THE REDUCTION OF THE CERTIFICATE BALANCE OF THE CLASS H CERTIFICATES. ACCORDINGLY, THE NOTIONAL AMOUNT OF
THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL AMOUNT SET FORTH BELOW.

THIS CLASS X-H CERTIFICATE WILL NOT BE ENTITLED
TO RECEIVE DISTRIBUTIONS OF PRINCIPAL.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS

 

 

1        Temporary Regulation S Global Certificate legend.

2        Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3        Global Certificate legend.

    	 	A-13-1	 

    

    

CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE
DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY OR
PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO
THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION
3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II) AN ENTITY OR COLLECTIVE INVESTMENT FUND
THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF
ERISA, OR SIMILAR LAW OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE,
UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH
INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION,
HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY GOVERNMENTAL PLAN OR OTHER PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND
DISPOSITION BY SUCH GOVERNMENTAL PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    	 	A-13-2	 

    

    

 

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS X-H

	Pass-Through
    Rate:  1.35000% per annum	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Notional Amount of the Class X-H
    Certificates:  $21,809,280	Scheduled Final Distribution Date:  the
    Distribution Date in June 2032
	 	 

 

	CUSIP:   29426VBK14

U1742VAN95

29426VBL96

     
	Initial Notional Amount of this
    Certificate: $[_____]
	ISIN:      US29426VBK177

    U1742VAN98

    US29426VBL999

     
	 
	Common Code:

     
	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class X-H Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by
first liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in
trust by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special
Servicer. The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate
Companion Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate,
by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound
thereby. In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing
Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and
Servicing Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B,
Class C,

 

 

4 For Rule 144A Certificates

5 For Regulation S Certificates

6 For IAI Certificates

7 For Rule 144A Certificates

8 For Regulation S Certificates

9 For IAI Certificates

    	 	A-13-3	 

    

    

Class X-D, Class X-F, Class X-G, Class D,
Class E, Class F, Class G, Class H, Class VRR, Class R and Class S Certificates (together with the Class X-H
Certificates, the “Certificates”; the Holders of Certificates are collectively referred to herein as “Certificateholders”);
(ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”;
the Holders of Loan-Specific Certificates are collectively referred to herein as “Loan-Specific Certificateholders”);
and (iii) the Uncertificated VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust
Interests”; and the Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of interest
then distributable, if any, with respect to the Class X-H Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class X-H Certificates is the calendar month preceding
the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second

    	 	A-13-4	 

    

    

notice to the remaining Trust Interest Owners,
at their last addresses shown in the Certificate Register, to surrender their Trust Interests for cancellation in order to receive, from
such funds held, the final distribution with respect thereto. If within one year after the second notice any Trust Interest shall not
have been surrendered for cancellation, the Certificate Administrator may, directly or through an agent, take appropriate steps to contact
the remaining Trust Interest Owners concerning surrender of their Trust Interests. The costs and expenses of maintaining such funds and
of contacting Trust Interest Owners shall be paid out of the assets which remain held. Subject to applicable state law with respect to
escheatment of funds, if within two years after the second notice any Trust Interests shall not have been surrendered for cancellation,
the Paying Agent shall pay to the Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue
or be payable to any Trust Interest Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its
Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee,

    	 	A-13-5	 

    

    

without the consent of any of the Certificateholders,
the Uncertificated VRR Interest Owner, the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if

    	 	A-13-6	 

    

    

applicable, Loan-Specific Certificates)
by any of the Rating Agencies, provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder
or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the

    	 	A-13-7	 

    

    

Certificateholders or Loan-Specific Certificateholders
to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO

    	 	A-13-8	 

    

    

Properties (or interests therein) then included
in the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder
of its Certificates, Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests
therein) then included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment
or other liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the
Trust Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue
beyond the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-13-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class X-H Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF
AUTHENTICATION

This is one of the Class
X-H Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-13-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class X-H Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class X-H Certificate of the entire Percentage Interest represented by the within Class X-H
Certificates to the above-named Assignee(s) and to deliver such Class X-H Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-13-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-13-12	 

    

    

EXHIBIT A-14

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS D

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE INITIAL PURCHASERS OR ANY OF
THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

DISTRIBUTIONS OF PRINCIPAL
AND INTEREST ON THIS CERTIFICATE ARE SUBORDINATED TO DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON OTHER CLASSES OF CERTIFICATES OF THE SAME
SERIES.

 

 

1
       Temporary Regulation S Global Certificate legend.

2
          Legend
required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3
       Global Certificate legend.

    	 	A-14-1	 

    

    

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS
A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT
OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
(2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE DEFINED IN,
AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) TO AN INSTITUTIONAL “ACCREDITED INVESTOR”
WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER
THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    	 	A-14-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS D

	Pass-Through
    Rate:  2.50000% per annum	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class D Certificates:  $18,801,000	Scheduled Final Distribution
    Date: the Distribution Date in June 2032
	 	 

 

	CUSIP:   29426VAK24

U1742VAA75

29426VAL06

	Initial Certificate
    Balance of this Certificate: $[_____]
	ISIN:      US29426VAK267

    USU1742VAA718

    US29426VAL099

     

    Common Code:
	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class D Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first
liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust
by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion
Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue
of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby.
In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing Agreement,
such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing
Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B,
Class C,

 

 

4 For Rule 144A Certificates

5 For Regulation S Certificates

6 For IAI Certificates

7 For Rule 144A Certificates

8 For Regulation S Certificates

9 For IAI Certificates

    	 	A-14-3	 

    

    

Class X-D, Class X-F, Class X-G, Class X-H,
Class E, Class F, Class G, Class H, Class VRR, Class R and Class S Certificates (together with the Class D Certificates,
the “Certificates”; the Holders of Certificates are collectively referred to herein as “Certificateholders”);
(ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”;
the Holders of Loan-Specific Certificates are collectively referred to herein as “Loan-Specific Certificateholders”);
and (iii) the Uncertificated VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust
Interests”; and the Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class D Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage
of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class D Certificates is the calendar month
preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been

    	 	A-14-4	 

    

    

given pursuant to Section 9.01 of the Pooling
and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice, the
Certificate Administrator shall mail a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate
Register, to surrender their Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect
thereto. If within one year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate
Administrator may, directly or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender
of their Trust Interests. The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of
the assets which remain held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second
notice any Trust Interests shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders
all amounts distributable to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount held
as a result of such Trust Interest Owner’s failure to surrender its Trust Interest(s) for final payment thereof in accordance with
Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the

    	 	A-14-5	 

    

    

Custodian (if the Certificate Administrator
is then acting as Custodian), the Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the
Uncertificated VRR Interest Owner, the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

    	 	A-14-6	 

    

    

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the

    	 	A-14-7	 

    

    

right of the Certificateholders or Loan-Specific
Certificateholders to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders
or Loan-Specific Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related

    	 	A-14-8	 

    

    

obligations) shall terminate immediately following
the earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders
of the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-14-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class D Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class D
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-14-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class D Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class D Certificate of the entire Percentage Interest represented by the within Class D
Certificates to the above-named Assignee(s) and to deliver such Class D Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-14-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
__________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-14-12	 

    

    

EXHIBIT A-15

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS E

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE initial
purchasers OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY
ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON
THIS CERTIFICATE ARE SUBORDINATED TO DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES.

 

 

1
       Temporary Regulation S Global Certificate legend.

2
       Legend required as long as DTC is the Depository
under the Pooling and Servicing Agreement.

3
       Global Certificate legend.

    	 	A-15-1	 

    

    

THIS CERTIFICATE HAS NOT
BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE
DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

    	 	A-15-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS E

	Pass-Through
    Rate:  2.50000% per annum	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class E Certificates: $15,040,000	Scheduled Final Distribution Date: the Distribution
    Date in June 2032
	 	 

 

	CUSIP:   29426VAM84

U1742VAB55

29426VAN66

	Initial Certificate Balance of
    this Certificate: $[_____]
	ISIN:      US29426VAM817

    USU1742VAB548

    US29426VAN649

     
	 
	Common Code:	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class E Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first
liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust
by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion
Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue
of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby.
In the event that there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing Agreement,
such provision of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing
Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B,
Class C,

 

 

4
For Rule 144A Certificates

5 For Regulation S Certificates

6 For IAI Certificates

7 For Rule 144A Certificates

8 For Regulation S Certificates

9 For IAI Certificates

    	 	A-15-3	 

    

    

Class X-D, Class X-F, Class X-G, Class X-H,
Class D, Class F, Class G, Class H, Class VRR, Class R and Class S Certificates (together with the Class E Certificates,
the “Certificates”; the Holders of Certificates are collectively referred to herein as “Certificateholders”);
(ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”;
the Holders of Loan-Specific Certificates are collectively referred to herein as “Loan-Specific Certificateholders”);
and (iii) the Uncertificated VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust
Interests”; and the Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class E Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage
of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class E Certificates is the calendar month preceding
the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been

    	 	A-15-4	 

    

    

given pursuant to Section 9.01 of the Pooling
and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice, the
Certificate Administrator shall mail a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate
Register, to surrender their Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect
thereto. If within one year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate
Administrator may, directly or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender
of their Trust Interests. The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of
the assets which remain held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second
notice any Trust Interests shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders
all amounts distributable to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount held
as a result of such Trust Interest Owner’s failure to surrender its Trust Interest(s) for final payment thereof in accordance with
Section 9.01 of the Pooling and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the

    	 	A-15-5	 

    

    

Custodian (if the Certificate Administrator
is then acting as Custodian), the Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the
Uncertificated VRR Interest Owner, the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

    	 	A-15-6	 

    

    

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders, that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the

    	 	A-15-7	 

    

    

right of the Certificateholders or Loan-Specific
Certificateholders to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders
or Loan-Specific Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related

    	 	A-15-8	 

    

    

obligations) shall terminate immediately following
the earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders
of the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-15-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class E Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

 

 

CERTIFICATE OF AUTHENTICATION

This is one of the Class
E Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-15-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class E Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class E Certificate of the entire Percentage Interest represented by the within Class E Certificates
to the above-named Assignee(s) and to deliver such Class E Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

 

    	 	A-15-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-15-12	 

    

    

 

EXHIBIT A-16

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS F

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE initial
purchasers OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY
ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON
THIS CERTIFICATE ARE SUBORDINATED TO DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES.

 

 

1        Temporary Regulation S Global Certificate legend.

2
       Legend required as long as DTC is the Depository under the Pooling and Servicing
Agreement.

3        Global Certificate legend.

    	 	A-16-1	 

    

    

THIS CERTIFICATE HAS NOT
BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE
DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT
BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN
THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR
LAW”) THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II)
AN ENTITY OR COLLECTIVE INVESTMENT FUND THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101,
AS MODIFIED BY SECTION 3(42) OF ERISA, OR SIMILAR LAW OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN
TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED
TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL
BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B)
WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY GOVERNMENTAL PLAN OR OTHER PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH GOVERNMENTAL PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    	 	A-16-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS F

	Pass-Through
    Rate:  The WAC Rate minus 1.35000% per annum 4	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class F Certificates: $15,040,000	Scheduled Final Distribution Date: the Distribution
    Date in June 2032
	 	 

 

	CUSIP:   29426VAP15

U1742VAC36

29426VAQ97

	Initial Certificate Balance of
    this Certificate: $[_____]
	ISIN:      US29426VAP138

USU1742VAC389

US29426VAQ9510

     
	 
	Common Code:	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class F Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first
liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust
by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion
Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue
of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby.
In the event that there is any conflict between any

 

 

4
The initial approximate Pass-Through Rate as of the Closing Date is 3.52526%
per annum.

5
For Rule 144A Certificates

6 For Regulation S Certificates

7 For IAI Certificates

8
For Rule 144A Certificates

9
For Regulation S Certificates

10 For IAI Certificates

    	 	A-16-3	 

    

    

provision of this Certificate and any provision
of the Pooling and Servicing Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also
issued under the Pooling and Servicing Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A,
Class A-S, Class B, Class C, Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class G, Class H,
Class VRR, Class R and Class S Certificates (together with the Class F Certificates, the “Certificates”;
the Holders of Certificates are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class
YL-B, Class YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders
of Loan-Specific Certificates are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii)
the Uncertificated VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”;
and the Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class F Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage
of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class F Certificates is the calendar month preceding
the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

    	 	A-16-4	 

    

    

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount held as a result of such Trust
Interest Owner’s failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling
and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

    	 	A-16-5	 

    

    

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

    	 	A-16-6	 

    

    

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the

    	 	A-16-7	 

    

    

right of the Certificateholders or Loan-Specific
Certificateholders to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders
or Loan-Specific Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related

    	 	A-16-8	 

    

    

obligations) shall terminate immediately following
the earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders
of the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-16-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class F Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class
F Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-16-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class F Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class F Certificate of the entire Percentage Interest represented by the within Class F Certificates
to the above-named Assignee(s) and to deliver such Class F Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

 

    	 	A-16-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
_________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

 

    	 	A-16-12	 

    

    

EXHIBIT A-17

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS G

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE initial
purchasers OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY
ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON
THIS CERTIFICATE ARE SUBORDINATED TO DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES.

 

 

1
       Temporary Regulation S Global Certificate legend.

2        Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3        Global Certificate legend.

    	 	A-17-1	 

    

    

THIS CERTIFICATE HAS NOT
BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE
DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT
BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN
THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR
LAW”) THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II)
AN ENTITY OR COLLECTIVE INVESTMENT FUND THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101,
AS MODIFIED BY SECTION 3(42) OF ERISA, OR SIMILAR LAW OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN
TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED
TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL
BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B)
WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY GOVERNMENTAL PLAN OR OTHER PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH GOVERNMENTAL PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    	 	A-17-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS G

	Pass-Through
    Rate:  The WAC Rate minus 1.35000% per annum 4	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class G Certificates: $6,768,000	Scheduled Final Distribution Date: the Distribution
    Date in June 2032
	 	 

 

	CUSIP:   29426VAR75

U1742VAD16

29426VAS57

	Initial Certificate Balance of
    this Certificate: $[_____]
	ISIN:      US29426VAR788

    USU1742VAD119

    US29426VAS5110

     
	 
	Common Code:	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class G Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first
liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust
by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion
Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue
of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby.
In the event that there is any conflict between any

 

 

4
The initial approximate Pass-Through Rate as of the Closing Date is 3.52526%
per annum.

5
For Rule 144A Certificates

6
For Regulation S Certificates

7
For IAI Certificates

8
For Rule 144A Certificates

9 For Regulation S Certificates

10 For IAI Certificates

    	 	A-17-3	 

    

    

provision of this Certificate and any provision
of the Pooling and Servicing Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also
issued under the Pooling and Servicing Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A,
Class A-S, Class B, Class C, Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class H,
Class VRR, Class R and Class S Certificates (together with the Class G Certificates, the “Certificates”; the Holders
of Certificates are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class
YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific
Certificates are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated
VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the
Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class G Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage
of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class G Certificates is the calendar month preceding
the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

    	 	A-17-4	 

    

    

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount held as a result of such Trust
Interest Owner’s failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling
and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

    	 	A-17-5	 

    

    

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

    	 	A-17-6	 

    

    

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the

    	 	A-17-7	 

    

    

right of the Certificateholders or Loan-Specific
Certificateholders to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders
or Loan-Specific Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related

    	 	A-17-8	 

    

    

obligations) shall terminate immediately following
the earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders
of the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

 

    	 	A-17-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class G Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

 

CERTIFICATE OF AUTHENTICATION

This is one of the Class
G Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-17-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class G Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class G Certificate of the entire Percentage Interest represented by the within Class G Certificates
to the above-named Assignee(s) and to deliver such Class G Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

 

    	 	A-17-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
_________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-17-12	 

    

    

EXHIBIT A-18

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS H

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE initial
purchasers OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY
ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON
THIS CERTIFICATE ARE SUBORDINATED TO DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES.

 

 

1        Temporary Regulation S Global Certificate legend.

2        Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3        Global Certificate legend.

    	 	A-18-1	 

    

    

THIS CERTIFICATE HAS NOT
BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE
DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT
BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN
THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR
LAW”) THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II)
AN ENTITY OR COLLECTIVE INVESTMENT FUND THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101,
AS MODIFIED BY SECTION 3(42) OF ERISA, OR SIMILAR LAW OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN
TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED
TRANSACTION CLASS EXEMPTION 95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL
BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B)
WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY GOVERNMENTAL PLAN OR OTHER PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH GOVERNMENTAL PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    	 	A-18-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS H

	Pass-Through
    Rate:  The WAC Rate minus 1.35000% per annum 4	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class H Certificates: $21,809,280	Scheduled Final Distribution Date: the Distribution
    Date in June 2032
	 	 

 

	CUSIP:   29426VAT35

    U1742VAE96

    29426VAU07

    
	Initial Certificate Balance of
    this Certificate: $[_____]
	ISIN:      US29426VAT358

    USU1742VAE939

    US29426VAU0810

     

    Common
    Code:
	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class H Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first
liens on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust
by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The Trust Fund was created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion
Loan are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue
of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby.
In the event that there is any conflict between any

 

 

4
The initial approximate Pass-Through Rate as of the Closing Date is 3.52526% per annum.

5
For Rule 144A Certificates

6
For Regulation S Certificates

7
For IAI Certificates

8
For Rule 144A Certificates

9
For Regulation S Certificates

10
For IAI Certificates

    	 	A-18-3	 

    

    

provision of this Certificate and any provision
of the Pooling and Servicing Agreement, such provision of this Certificate shall be superseded to the extent of such inconsistency. Also
issued under the Pooling and Servicing Agreement are the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A,
Class A-S, Class B, Class C, Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G,
Class VRR, Class R and Class S Certificates (together with the Class H Certificates, the “Certificates”; the Holders
of Certificates are collectively referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class
YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific
Certificates are collectively referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated
VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the
Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class H Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of Yield Maintenance Charges, as provided
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Non-Vertically Retained Percentage
of the Yield Maintenance Charges collected on the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Certificate, if any,
will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The “Interest
Accrual Period” with respect to any Distribution Date and with respect to the Class H Certificates is the calendar month preceding
the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

    	 	A-18-4	 

    

    

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount held as a result of such Trust
Interest Owner’s failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling
and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

    	 	A-18-5	 

    

    

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

    	 	A-18-6	 

    

    

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the

    	 	A-18-7	 

    

    

right of the Certificateholders or Loan-Specific
Certificateholders to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders
or Loan-Specific Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related

    	 	A-18-8	 

    

    

obligations) shall terminate immediately following
the earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders
of the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-18-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class H Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

 

CERTIFICATE OF AUTHENTICATION

This is one of the Class
H Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-18-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class H Certificate and hereby authorize(s) the registration of transfer of such
interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class H Certificate of the entire Percentage Interest represented by the within Class H Certificates
to the above-named Assignee(s) and to deliver such Class H Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

 

    	 	A-18-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
_______________________________________________________________________________________________ Distributions, if being made by wire
transfer in immediately available funds to __________________________ for the account of __________________________ account number
____________________________.
 This information is provided by ______________________________, the Assignee(s) named above or
____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

 

    	 	A-18-12	 

    

    

EXHIBIT A-19

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS R

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE INITIAL PURCHASERS OR ANY OF
THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
ONLY (A) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES
IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT
OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR
ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY ONLY
BE TRANSFERRED TO AND OWNED BY A QIB.

THIS CERTIFICATE MAY NOT
BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN
THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR
LAW”) THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II)
AN ENTITY OR COLLECTIVE INVESTMENT FUND THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101,
AS MODIFIED BY SECTION 3(42) OF ERISA (INCLUDING AN INSURANCE COMPANY THAT IS USING THE ASSETS OF SEPARATE ACCOUNTS OR GENERAL ACCOUNTS
WHICH INCLUDE ASSETS OF PLANS (OR WHICH ARE DEEMED PURSUANT TO ERISA OR SIMILAR LAW TO INCLUDE ASSETS OF PLANS)), OR OTHER PERSON ACTING
ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE.

THIS CERTIFICATE REPRESENTS
A “RESIDUAL INTEREST” IN EACH OF THREE “REAL ESTATE MORTGAGE INVESTMENT CONDUITS” AS THOSE TERMS ARE DEFINED,
RESPECTIVELY, IN CODE SECTIONS 860G(a)(2) AND 860D. EACH TRANSFEREE OF THIS CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED
THIS CERTIFICATE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY TO DISQUALIFIED ORGANIZATIONS, DISQUALIFIED NON-U.S. TAX PERSONS OR
AGENTS OF EITHER, AS SET FORTH IN SECTION 5.03 OF THE POOLING AND SERVICING AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT TO
THE TRANSFEROR AND THE CERTIFICATE ADMINISTRATOR TO THE EFFECT THAT, AMONG OTHER THINGS, (A) IT IS NOT A DISQUALIFIED ORGANIZATION, AS
SUCH TERM IS DEFINED IN CODE SECTION 860E(e)(5), OR AN AGENT (INCLUDING A BROKER, NOMINEE OR OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION
AND IS OTHERWISE A PERMITTED TRANSFEREE, (B) IT HAS HISTORICALLY PAID ITS DEBTS AS THEY HAVE COME DUE AND INTENDS TO PAY ITS DEBTS AS
THEY COME DUE IN THE

    	 	A-19-1	 

    

    

FUTURE, (C) IT UNDERSTANDS THAT IT MAY INCUR
TAX LIABILITIES WITH RESPECT TO THIS CERTIFICATE IN EXCESS OF CASH FLOWS GENERATED HEREBY, (D) IT INTENDS TO PAY ANY TAXES ASSOCIATED
WITH HOLDING THIS CERTIFICATE AS THEY BECOME DUE, (E) IT WILL NOT CAUSE INCOME WITH RESPECT TO THIS CERTIFICATE TO BE ATTRIBUTABLE TO
A FOREIGN PERMANENT ESTABLISHMENT OR FIXED BASE, WITHIN THE MEANING OF AN APPLICABLE INCOME TAX TREATY, OF SUCH PERSON OR ANY OTHER U.S.
PERSON AND (F) IT WILL NOT TRANSFER THIS CERTIFICATE TO ANY PERSON OR ENTITY THAT DOES NOT PROVIDE A SIMILAR AFFIDAVIT. ANY PURPORTED
TRANSFER TO A DISQUALIFIED ORGANIZATION OR OTHER PERSON THAT IS NOT A PERMITTED TRANSFEREE OR OTHERWISE IN VIOLATION OF THESE RESTRICTIONS
SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE. THIS CERTIFICATE REPRESENTS MULTIPLE “NONECONOMIC
RESIDUAL INTERESTS”, AS DEFINED IN TREASURY REGULATIONS SECTION 1.860E-1(c), AND THEREFORE, TRANSFERS OF THIS CERTIFICATE MAY BE
DISREGARDED FOR FEDERAL INCOME TAX PURPOSES. IN ORDER TO SATISFY A REGULATORY SAFE HARBOR UNDER WHICH SUCH TRANSFERS WILL NOT BE DISREGARDED,
THE TRANSFEROR MAY BE REQUIRED, AMONG OTHER THINGS, TO SATISFY ITSELF AS TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE AND EITHER
TO TRANSFER AT A MINIMUM PRICE OR TO AN ELIGIBLE TRANSFEREE AS SPECIFIED IN TREASURY REGULATIONS.

TRANSFERS OF THIS CERTIFICATE
AND/OR INTERESTS HEREIN ARE SUBJECT TO THE DELIVERY OF SUCH CERTIFICATIONS, OPINIONS, AND OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE
TRANSFER RESTRICTIONS, AND ARE FURTHER SUBJECT TO SUCH DEEMED REPRESENTATIONS AND WARRANTIES ON THE PART OF THE TRANSFEROR AND/OR TRANSFEREE,
AS ARE SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

    	 	A-19-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS R

	Percentage
    Interest:  [     ]%	 
	 	 
	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).	 
	 	 

 

	CUSIP:  29426VAX4	 
	ISIN:US29426VAX47

    
	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of an interest in a Trust Fund, including the distributions to be made with respect to the Class R Certificates.
The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens on commercial, multifamily
and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust by the Trustee and, other than in
the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer. The Trust Fund was created,
and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion Loan are to be serviced, pursuant
to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby. In the event that there is any conflict
between any provision of this Certificate and any provision of the Pooling and Servicing Agreement, such provision of this Certificate
shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing Agreement are the Class A-1, Class A-2,
Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C, Class X-D, Class X-F, Class X-G,
Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR and Class S Certificates (together with the Class
R Certificates, the “Certificates”; the Holders of Certificates are collectively referred to herein as “Certificateholders”);
(ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates (collectively, the “Loan-Specific Certificates”;
the Holders of Loan-Specific Certificates are collectively referred to herein as “Loan-Specific Certificateholders”);
and (iii) the Uncertificated VRR Interest (collectively with the Certificates and the Loan-Specific Certificates, the “Trust
Interests”; and the Holders of Trust Interests are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

    	 	A-19-3	 

    

    

This Certificate represents
the “residual interest” in each of three “real estate mortgage investment conduits,” as those terms are defined,
respectively, in Sections 860G(a)(2) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of the aggregate amount, if any, with respect to the
Class R Certificates for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount held as a result of such Trust
Interest Owner’s failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling
and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s

    	 	A-19-4	 

    

    

interest in the related Whole Loan); (v) the
Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust Subordinate
Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the Trustee’s
rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights under any indemnities
or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all of the Trustee’s
and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds of the Mortgage Loans and
Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest Distribution Account,
the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any reinvestment income thereon;
(ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties; (x) the Depositor’s
rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section 2.01 of the Pooling and Servicing
Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests; (xii) the Loss of Value Reserve
Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the

    	 	A-19-5	 

    

    

expense of the party requesting the amendment) to
the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid or minimize such risk and (2)
the action will not adversely affect in any material respect the interests of any holder of the Certificates or the Uncertificated VRR
Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to remove any existing restrictions
with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined that the amendment will not
give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee, (C) to the extent
necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation RR and/or any related
regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any other regulations applicable
to the risk retention requirements for this securitization transaction are amended or repealed, to the extent required to comply with
any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization transaction in
light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-

    	 	A-19-6	 

    

    

Specific Certificates affected by the amendment
for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Pooling and Servicing
Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders and the Uncertificated
VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in

    	 	A-19-7	 

    

    

the related Co-Lender Agreement) then included
in the Trust Fund, and all property acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property
acquired with respect to any Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase
price, payable in cash, equal to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket
expenses of the Master Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special
Servicer is the purchaser of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination,
minus (ii) solely in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount
of unreimbursed Advances, if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and
payable to the Master Servicer or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special
Servicing Fees, as applicable, remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer
or the Special Servicer, as applicable, in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

    	 	A-19-8	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class R Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class R
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

 

    	 	A-19-9	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class R Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class R Certificate of the entire Percentage Interest represented by the within Class R
Certificates to the above-named Assignee(s) and to deliver such Class R Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-19-10	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
_______________________________________________________________________________________________ Distributions, if being made by wire
transfer in immediately available funds to __________________________ for the account of __________________________ account number
____________________________.
 This information is provided by ______________________________, the Assignee(s) named above or
____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

    	 	A-19-11	 

    

    

EXHIBIT
A-20

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS S

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE INITIAL PURCHASERS OR ANY OF
THEIR RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS
A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT
OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
OR (2) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE
MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE
WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY ONLY BE TRANSFERRED TO
AND OWNED BY A PERSON THAT IS EITHER (A) A QIB OR (B) OTHER INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF, OR
IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT.

THIS CERTIFICATE MAY NOT BE PURCHASED BY OR
PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO
THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION
3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II) AN ENTITY OR COLLECTIVE INVESTMENT FUND
THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF
ERISA (INCLUDING AN INSURANCE COMPANY THAT IS USING THE ASSETS OF SEPARATE ACCOUNTS OR GENERAL ACCOUNTS WHICH INCLUDE ASSETS OF PLANS
(OR WHICH ARE DEEMED PURSUANT TO ERISA OR SIMILAR LAW TO INCLUDE ASSETS OF PLANS)), OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN
OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE.

THIS CERTIFICATE REPRESENTS AN UNDIVIDED BENEFICIAL
INTEREST IN CERTAIN ASSETS OF A GRANTOR TRUST CONSISTING PRIMARILY OF ANY EXCESS INTEREST COLLECTED ON THE ARD MORTGAGE LOANS AND AMOUNTS
HELD FROM TIME TO TIME IN THE EXCESS INTEREST DISTRIBUTION ACCOUNT.

    	 	A-20-1	 

    

    

TRANSFERS OF THIS CERTIFICATE AND/OR INTERESTS
HEREIN ARE SUBJECT TO THE DELIVERY OF SUCH CERTIFICATIONS, OPINIONS, AND OTHER EVIDENCE OF COMPLIANCE WITH APPLICABLE TRANSFER RESTRICTIONS,
AND ARE FURTHER SUBJECT TO SUCH DEEMED REPRESENTATIONS AND WARRANTIES ON THE PART OF THE TRANSFEROR AND/OR TRANSFEREE, AS ARE SET FORTH
IN THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

 

    	 	A-20-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS S

	Percentage
    Interest:  [     ]%	 
	 	 
	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).	 
	 	 

 

	CUSIP:   29426V
AV81

29426V AW62

     
	 
	ISIN:
         US29426VAV803

    US29426VAW634

     
	 
	 	 
	No.:  [1]	 

This certifies that [           ]
[as nominee] is the registered owner of an interest in a Trust Fund, including the distributions to be made with respect to the Class S
Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens on commercial,
multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust by the Trustee and, other
than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer. The Trust Fund was
created, and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion Loan are to be serviced,
pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof,
assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby. In the event that there is
any conflict between any provision of this Certificate and any provision of the Pooling and Servicing Agreement, such provision of this
Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing Agreement are the Class
A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C, Class X-D,
Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class VRR and Class R Certificates
(together with the Class S Certificates, the “Certificates”; the Holders of Certificates are collectively referred
to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates
(collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates are collectively referred
to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest (collectively with the
Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the Holders of Trust Interests are collectively
referred to herein as “Trust Interest Owners”)..

 

 

1
For Rule 144A Certificates

2
For IAI Certificates

3
For Rule 144A Certificates

4
For IAI Certificates

    	 	A-20-3	 

    

    

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
a beneficial ownership interest in certain assets of a grantor trust consisting primarily of any Excess Interest collected on the ARD
Mortgage Loans and amounts held from time to time in the Excess Interest Distribution Account. Each Holder of this Certificate, by acceptance
hereof, agrees to treat, and take no action inconsistent with the treatment of, this Certificate in accordance with the preceding sentence
for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited capacity as Certificate Administrator
under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of the aggregate amount then distributable, if any,
with respect to the Class S Certificates for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount held as a result of such Trust
Interest Owner’s failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling
and Servicing Agreement.

    	 	A-20-4	 

    

    

This Certificate is limited
in right of payment to, among other things, the Non-Vertically Retained Percentage of any Excess Interest actually collected in respect
of the Mortgage Loans, as more specifically set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

    	 	A-20-5	 

    

    

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the

    	 	A-20-6	 

    

    

obligations or rights of any Mortgage Loan
Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

    	 	A-20-7	 

    

    

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

    	 	A-20-8	 

    

    

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

 

    	 	A-20-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class S Certificate to be duly executed. 

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF
AUTHENTICATION

This is one of the Class S
Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-20-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class S Certificate and hereby authorize(s) the registration of transfer
of such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class S Certificate of the entire Percentage Interest represented by the within Class S
Certificates to the above-named Assignee(s) and to deliver such Class S Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-20-11	 

    

    

DISTRIBUTION
INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: ________________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named
above or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-20-12	 

    

    

EXHIBIT A-21

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS VRR

[UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE
REGISTRAR FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE SPONSORS, THE ORIGINATORS, THE DEPOSITOR OR ANY OTHER PARTY TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, ANY DIRECTING HOLDER, ANY CONSULTING PARTY, ANY COMPANION LOAN HOLDER (OR ITS REPRESENTATIVE), THE UNDERWRITERS OR ANY OF THEIR
RESPECTIVE AFFILIATES. NEITHER THE CERTIFICATES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY
OR PRIVATE INSURER.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT
BEEN AND WILL NOT BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE
OR FOREIGN SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING
FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE
ON RULE 144A, (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE
DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, OR (3) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” WITHIN THE MEANING OF, OR IN WHICH ALL THE EQUITY OWNERS COME WITHIN THE MEANING OF, RULE 501(a)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT THAT IS NOT A QIB, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

 

1
       Legend required as long as DTC is the Depository
under the Pooling and Servicing Agreement.

2
       Global Certificate legend.

    	 	A-21-1	 

    

    

THIS CERTIFICATE MAY NOT
BE PURCHASED BY OR PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN
THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED (“ERISA”), OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR
LAW”) THAT IS, TO A MATERIAL EXTENT, SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II)
AN ENTITY OR COLLECTIVE INVESTMENT FUND THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101,
AS MODIFIED BY SECTION 3(42) OF ERISA, OR SIMILAR LAW OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN
TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I) THIS CERTIFICATE IS ACQUIRED BY SUCH PERSON THROUGH CITIGROUP GLOBAL MARKETS INC., GOLDMAN
SACHS & CO. OR BMO CAPITAL MARKETS CORP., (II) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING
OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60, AND (III) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE,
OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY GOVERNMENTAL PLAN OR OTHER PLAN SUBJECT TO SIMILAR
LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION BY SUCH GOVERNMENTAL PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION
OF SIMILAR LAW.

THIS CERTIFICATE REPRESENTS
AN UNDIVIDED BENEFICIAL INTEREST IN CERTAIN ASSETS OF A GRANTOR TRUST CONSISTING PRIMARILY OF (I) A “REGULAR INTEREST” IN
A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF
THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND DISTRIBUTIONS THEREON, AND (II) ANY EXCESS INTEREST COLLECTED ON THE ARD MORTGAGE LOANS
AND AMOUNTS HELD FROM TIME TO TIME IN THE EXCESS INTEREST DISTRIBUTION ACCOUNT.

THIS CERTIFICATE IS INTENDED
TO CONSTITUTE PART OF AN “ELIGIBLE VERTICAL INTEREST” (AS DEFINED IN REGULATION RR PROMULGATED UNDER SECTION 15G OF THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED), AND AS SUCH IS SUBJECT TO VARIOUS PROHIBITIONS ON HEDGING, TRANSFER AND FINANCING SET FORTH IN REGULATION
RR. THE INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN
INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT.

 

    	 	A-21-2	 

    

    

 

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS VRR

	Pass-Through
    Rate:  N/A. The Class VRR Certificates will not have a Pass-Through Rate, but will entitle Holders to interest on any Distribution
    Date equal to a pro rata share of the VRR Interest Distribution Amount for such Distribution Date (based on the Certificate Balance
    of the Class VRR Certificates and the Uncertificated VRR Interest Balance, respectively).	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate
    Balance of the Class VRR Certificates: $31,663,699	Scheduled Final Distribution
    Date: the Distribution Date in June 2032
	 	 

 

	CUSIP:   29426VBM73

U1742VAP44

29426VBN55

     
	Initial Certificate
    Balance of this Certificate: $[_____]
	ISIN:      US29426VBM726

USU1742VAP417

US29426VBN558	 
	 	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of an interest in a Trust Fund, including the distributions to be made with respect to the Class VRR Certificates.
The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens on commercial, multifamily
and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust by the Trustee and, other than in
the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer. The Trust Fund was created,
and the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion Loan are to be serviced, pursuant
to the Pooling and Servicing Agreement (as defined below). The Holder

 

 

3 For Rule 144A Certificates

4 For Regulation S Certificates

5 For IAI Certificates

6 For Rule 144A Certificates

7 For Regulation S Certificates

8 For IAI Certificates

    	 	A-21-3	 

    

    

of this Certificate, by virtue of the acceptance
hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby. In the event that
there is any conflict between any provision of this Certificate and any provision of the Pooling and Servicing Agreement, such provision
of this Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing Agreement are:
(i) the Class A-1, Class A-2, Class A-4, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class R and Class S
Certificates (together with the Class VRR Certificates, the “Certificates”; the Holders of Certificates are collectively
referred to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR
Certificates (collectively, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates are collectively
referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest (collectively
with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and the Holders of Trust Interests
are collectively referred to herein as “Trust Interest Owners”).

This Certificate is issued
pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Certificate represents
an undivided beneficial interest in certain assets of a grantor trust consisting primarily of (i) a “regular interest” in
a “real estate mortgage investment conduit,” as those terms are defined, respectively, in Sections 860G(a)(1) and 860D of
the Internal Revenue Code of 1986, as amended, and distributions thereon, and (ii) any Excess Interest collected on the ARD Mortgage Loans
and amounts held from time to time in the Excess Interest Distribution Account.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Loan-Specific Certificates, the Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Certificate in its limited
capacity as Certificate Administrator under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Certificate),
on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person’s
pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal
and interest then distributable, if any, with respect to the Class VRR Certificates for such Distribution Date, all as more fully described
in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of the Vertically Retained Percentage of
the Yield Maintenance Charges collected in respect of the Mortgage Loans, as provided in the Pooling and Servicing Agreement.

All distributions (other
than the final distribution on any Certificate) will be made by the Certificate Administrator to the persons in whose names the Certificates
are registered at the close of business on each Record Date, which will be the last Business Day of the month preceding the month in which
such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately available funds to the account of
such Certificateholder at a bank or other entity located in the United States and having appropriate facilities to accept such funds,
if such Certificateholder has provided the Certificate Administrator with written wiring instructions no less than five (5) Business Days
prior to the related Record Date (which wiring instructions may be in the form of a standing order applicable to all subsequent distributions),
or otherwise by check mailed to such Certificateholder. The final distribution on each Certificate shall be made in like manner, but only
upon presentation and surrender of such Certificate at the office of the Certificate Administrator or its agent (which may be the Paying
Agent or the Certificate Registrar acting as such agent) that is specified in a notice to Certificateholders of the pendency of the final
distribution.

    	 	A-21-4	 

    

    

Any funds not distributed
on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall be set aside and held in trust
for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall terminate. If any Trust Interest as
to which notice of the Termination Date has been given pursuant to Section 9.01 of the Pooling and Servicing Agreement shall not have
been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator shall mail
a second notice to the remaining Trust Interest Owners, at their last addresses shown in the Certificate Register, to surrender their
Trust Interests for cancellation in order to receive, from such funds held, the final distribution with respect thereto. If within one
year after the second notice any Trust Interest shall not have been surrendered for cancellation, the Certificate Administrator may, directly
or through an agent, take appropriate steps to contact the remaining Trust Interest Owners concerning surrender of their Trust Interests.
The costs and expenses of maintaining such funds and of contacting Trust Interest Owners shall be paid out of the assets which remain
held. Subject to applicable state law with respect to escheatment of funds, if within two years after the second notice any Trust Interests
shall not have been surrendered for cancellation, the Paying Agent shall pay to the Class R Certificateholders all amounts distributable
to the Holders thereof. No interest shall accrue or be payable to any Trust Interest Owner on any amount held as a result of such Trust
Interest Owner’s failure to surrender its Trust Interest(s) for final payment thereof in accordance with Section 9.01 of the Pooling
and Servicing Agreement.

This Certificate is limited
in right of payment to, among other things, certain collections and recoveries in respect of the Mortgage Loans, as more specifically
set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular Interests;
(xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Certificate does
not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the interests,
rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities of the Certificate
Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

Prior to due presentation
of this Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any Certificate is registered
as the owner of such Certificate for the purpose of receiving distributions as provided in the Pooling and Servicing Agreement and for
all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Certificate
Administrator, the Certificate Registrar, nor any agent of any of them shall be affected by any notice to the contrary.

    	 	A-21-5	 

    

    

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

	 	(i)       	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the Uncertificated VRR Interest
Owner (or, if applicable, any holders of Loan-Specific Certificates);

	 	(ii)       	to correct or supplement any of its provisions which may be inconsistent with any other provisions of the Pooling and Servicing Agreement
or with the description thereof in the Prospectus or to correct any error;

	 	(iii)      	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds Reserve Account, the Excess
Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master Servicer Remittance Date
shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change would not adversely affect
in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific
Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the amendment);

	 	(iv)      	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification of any Trust REMIC as
a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the Trust Fund, provided
that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party requesting the amendment) to
the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid or minimize such risk and (2)
the action will not adversely affect in any material respect the interests of any holder of the Certificates or the Uncertificated VRR
Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to remove any existing restrictions
with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined that the amendment will not
give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee, (C) to the extent
necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation RR and/or any related
regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any other regulations applicable
to the risk retention requirements for this securitization transaction are amended or repealed, to the extent required to comply with
any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization transaction
in light of such repeal;

	 	(v)      	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other change,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel;

	 	(vi)      	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided that such modification does not
increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the
Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld unless such modification
would materially adversely affect such party or materially increase such party’s obligations under the Pooling and Servicing Agreement);
provided, further that notice of such modification is provided to all parties to the Pooling and Servicing Agreement; and

    	 	A-21-6	 

    

    

	 	(vii)   	  to amend or supplement any provision of the
Pooling and Servicing Agreement to the extent necessary to maintain the ratings assigned to each Class of Certificates (or, if applicable,
Loan-Specific Certificates) by any of the Rating Agencies, provided that the amendment will not adversely affect in any material respect
the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further
that no amendment pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or
the right to receive information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent
of the Controlling Class Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent
of such Loan-Specific Controlling Class Representative); (B) reduce the consultation rights or the right to receive information under
the Pooling and Servicing Agreement of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the
obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement
without the consent of the affected Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter
or Initial Purchaser, without the consent of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion
Loan Holder in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders,
then in which case such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent of the Holders of all Certificates or Loan-Specific Certificates of that Class then outstanding or of the Uncertificated
VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the

    	 	A-21-7	 

    

    

right of the Certificateholders or Loan-Specific
Certificateholders to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders
or Loan-Specific Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest Owner, or, in the case of a termination by the Holder of a Class R
Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder
and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days prior to the Anticipated Termination
Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement or by the Trust Fund in connection
with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator shall be entitled to rely
conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related

    	 	A-21-8	 

    

    

obligations) shall terminate immediately following
the earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders
of the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

 

    	 	A-21-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class VRR Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class VRR Certificate and hereby authorize(s) the registration of transfer of
such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class VRR Certificate of the entire Percentage Interest represented by the within Class VRR Certificates
to the above-named Assignee(s) and to deliver such Class VRR Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-21-10	 

    

    

CERTIFICATE OF AUTHENTICATION

This is one of the Class
VRR Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Authenticating Agent
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-21-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: _________________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named
above or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-21-12	 

    

    

EXHIBIT A-22

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS YL-A

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE ORIGINATORS, ANY OTHER PARTIES TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, THE RISK RETENTION CONSULTATION PARTIES, THE LOAN-SPECIFIC CONTROLLING CLASS REPRESENTATIVE, THE COMPANION LOAN HOLDERS (OR THEIR
REPRESENTATIVES), THE INITIAL PURCHASERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE LOAN-SPECIFIC CERTIFICATES NOR THE TRUST SUBORDINATE
COMPANION LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR ANY OTHER PERSON OR ENTITY.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
ONLY (A)(1)

 

 

1       Temporary Regulation S Global Certificate legend.

2        Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3       Global Certificate legend.

    	 	A-22-1	 

    

    

PURSUANT TO RULE 144A UNDER THE SECURITIES
ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN
THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, OR (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION
THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER
THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF
THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

 

    	 	A-22-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS YL-A

	Pass-Through
    Rate:  The Net Mortgage Rate on the Trust Subordinate Companion Loan (adjusted, if necessary, to accrue on the basis of
    a 360-day year consisting of twelve 30-day months)4.	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class YL-A Certificates:  $25,000,000	Scheduled Final Distribution
    Date: the Distribution Date in June 2027
	 	 

 

	CUSIP:   29426VBP05

    U1742VAQ26

    29426VBQ87

    

     
	Initial Certificate
    Balance of this Certificate: $[_____]
	ISIN:      US29426VBP048

    USU1742VAQ249

    US29426VBQ8610

     

     
	 
	 	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class YL-A Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens
on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust by the
Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The

 

 

4 The initial approximate Pass-Through Rate as of the Closing Date is 3.03700% per annum.

5 For Rule 144A Certificates

6 For Regulation S Certificates

7 For IAI Certificates

8 For Rule 144A Certificates

9 For Regulation S Certificates

10 For IAI Certificates

    	 	A-22-3	 

    

    

Trust Fund was created, and the Mortgage Loans
(other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion Loan are to be serviced, pursuant to the Pooling
and Servicing Agreement (as defined below). The Holder of this Loan-Specific Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby. In the event that there is any conflict
between any provision of this Loan-Specific Certificate and any provision of the Pooling and Servicing Agreement, such provision of this
Loan-Specific Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing Agreement
are: (i) the Class A-1, Class A-2, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class R, Class S and
Class VRR Certificates (collectively, the “Certificates”; the Holders of Certificates are collectively referred
to herein as “Certificateholders”); (ii) the Class YL-B, Class YL-C, Class YL-D and Class YLRR Certificates (together
with the Class YL-A Certificates, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates are collectively
referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest (collectively
with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and Holders of Trust Interests are
collectively referred to herein as “Trust Interest Owners”).

This Loan-Specific Certificate
is issued pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling
and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Loan-Specific Certificate
represents a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Loan-Specific Certificates, the Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Loan-Specific Certificate
in its limited capacity as Certificate Administrator under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Loan-Specific
Certificate), on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Loan-Specific Certificate is registered as of the related Record Date, an amount equal
to such Person’s pro rata share (based on the Percentage Interest represented by this Loan-Specific Certificate) of that portion
of the aggregate amount of principal and interest then distributable, if any, with respect to the Class YL-A Certificates for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of Yield
Maintenance Charges collected in respect of the Trust Subordinate Companion Loan, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Loan-Specific Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Loan-Specific
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The
“Interest Accrual Period” with respect to any Distribution Date and with respect to the Class YL-A Certificates is
the calendar month preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Loan-Specific Certificate) will be made by the Certificate Administrator to the persons in whose names
the Loan-Specific Certificates are registered at the close of business on each Record Date, which will be the last Business Day of the
month preceding the month in which such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately
available funds to the account of such Loan-Specific Certificateholder at a bank or other entity located in the United States and having
appropriate facilities to accept such funds, if such Loan-Specific Certificateholder has provided the Certificate Administrator with written
wiring instructions no less than five (5) Business Days prior to the related Record Date (which wiring instructions may be in the form
of a standing order applicable to all subsequent distributions), or otherwise by check

    	 	A-22-4	 

    

    

mailed to such Certificateholder. The final
distribution on each Loan-Specific Certificate shall be made in like manner, but only upon presentation and surrender of such Loan-Specific
Certificate at the office of the Certificate Administrator or its agent (which may be the Paying Agent or the Certificate Registrar acting
as such agent) that is specified in a notice to Loan-Specific Certificateholders of the pendency of the final distribution.

Any funds not distributed
on the Termination Date because of the failure of any Loan-Specific Certificateholders to tender their Loan-Specific Certificates shall
be set aside and held in trust for the account of the appropriate non-tendering Loan-Specific Certificateholders, whereupon the Trust
Fund shall terminate. If any Trust Interest as to which notice of the Termination Date has been given pursuant to Section 9.01 of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining Trust Interest Owners, at their last addresses shown in the
Certificate Register, to surrender their Trust Interests for cancellation in order to receive, from such funds held, the final distribution
with respect thereto. If within one year after the second notice any Trust Interest shall not have been surrendered for cancellation,
the Certificate Administrator may, directly or through an agent, take appropriate steps to contact the remaining Trust Interest Owners
concerning surrender of their Trust Interests. The costs and expenses of maintaining such funds and of contacting Trust Interest Owners
shall be paid out of the assets which remain held. Subject to applicable state law with respect to escheatment of funds, if within two
years after the second notice any Trust Interests shall not have been surrendered for cancellation, the Paying Agent shall pay to the
Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue or be payable to any Trust Interest
Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its Trust Interest(s) for final payment
thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Loan-Specific Certificate
is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust Subordinate Companion
Loan, as more specifically set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular
Interests; (xii) the Loss of Value Reserve Fund; (xiii) any Threshold Event Collateral; (xiv) the MGM Grand & Mandalay Bay Trust REMIC
Regular Interests; and (xv) all Initial Interest Deposit Amounts.

This Loan-Specific Certificate
does not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Loan-Specific Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Loan-Specific Certificates in authorized denominations, in like aggregate interest and of the same Class.

    	 	A-22-5	 

    

    

Prior to due presentation
of this Loan-Specific Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the
Trustee, the Certificate Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any
Loan-Specific Certificate is registered as the owner of such Loan-Specific Certificate for the purpose of receiving distributions as provided
in the Pooling and Servicing Agreement and for all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the
Operating Advisor, the Trustee, the Certificate Administrator, the Certificate Registrar, nor any agent of any of them shall be affected
by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

    	 	A-22-6	 

    

    

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further that no amendment
pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or the right to receive
information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent of the Controlling Class
Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent of such Loan-Specific Controlling
Class Representative); (B) reduce the consultation rights or the right to receive information under the Pooling and Servicing Agreement
of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the obligations or rights of any Mortgage
Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent

    	 	A-22-7	 

    

    

of the Holders of all Certificates or
Loan-Specific Certificates of that Class then outstanding or of the Uncertificated VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest

    	 	A-22-8	 

    

    

Owner, or, in the case of a termination by
the Holder of a Class R Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative
and each Certifying Certificateholder and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days
prior to the Anticipated Termination Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement
or by the Trust Fund in connection with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c)
of the Pooling and Servicing Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator
shall be entitled to rely conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating Agent,
by manual signature, this Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement or be valid for any
purpose.

 

    	 	A-22-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class YL-A Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class
YL-A Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

 

    	 	A-22-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class YL-A Certificate and hereby authorize(s) the registration of transfer of
such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class YL-A Certificate of the entire Percentage Interest represented by the within Class YL-A
Certificates to the above-named Assignee(s) and to deliver such Class YL-A Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

 

    	 	A-22-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: ________________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named
above or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

 

    	 	A-22-12	 

    

    

EXHIBIT
A-23

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS YL-B

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE ORIGINATORS, ANY OTHER PARTIES TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, THE RISK RETENTION CONSULTATION PARTIES, THE LOAN-SPECIFIC CONTROLLING CLASS REPRESENTATIVE, THE COMPANION LOAN HOLDERS (OR THEIR
REPRESENTATIVES), THE INITIAL PURCHASERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE LOAN-SPECIFIC CERTIFICATES NOR THE TRUST SUBORDINATE
COMPANION LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR ANY OTHER PERSON OR ENTITY.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

DISTRIBUTIONS OF PRINCIPAL
AND INTEREST ON THIS CERTIFICATE ARE SUBORDINATED TO DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON OTHER CLASSES OF CERTIFICATES OF THE SAME
SERIES.

 

 

1      Temporary Regulation S Global Certificate legend.

2       Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3      Global Certificate legend.

    	 	A-23-1	 

    

    

 

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS
A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT
OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
OR (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE DEFINED IN,
AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL
SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

 

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    	 	A-23-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS YL-B

	Pass-Through
    Rate:  The Net Mortgage Rate on the Trust Subordinate Companion Loan (adjusted, if necessary, to accrue on the basis of
    a 360-day year consisting of twelve 30-day months)4.	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class YL-B Certificates:  $56,000,000	Scheduled Final Distribution
    Date: the Distribution Date in June 2027
	 	 

 

	CUSIP:   29426VBR65

U1742VAR06

29426VBS47

     
	Initial Certificate
    Balance of this Certificate: $[_____]
	ISIN:      US29426VBR698

    USU1742VAR079

    US29426VBS4310

     

     
	 
	 	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class YL-B Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens
on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust by the
Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The

 

 

4
The initial approximate Pass-Through Rate as of the Closing Date is 3.030700% per annum.

5
For Rule 144A Certificates

6
For Regulation S Certificates

7
For IAI Certificates

8
For Rule 144A Certificates

9
For Regulation S Certificates

10
For IAI Certificates

    	 	A-23-3	 

    

    

Trust Fund was created, and the Mortgage Loans
(other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion Loan are to be serviced, pursuant to the Pooling
and Servicing Agreement (as defined below). The Holder of this Loan-Specific Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby. In the event that there is any conflict
between any provision of this Loan-Specific Certificate and any provision of the Pooling and Servicing Agreement, such provision of this
Loan-Specific Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing Agreement
are: (i) the Class A-1, Class A-2, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class R, Class S and
Class VRR Certificates (collectively, the “Certificates”; the Holders of Certificates are collectively referred
to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-C, Class YL-D and Class YLRR Certificates (together
with the Class YL-B Certificates, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates are collectively
referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest (collectively
with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and Holders of Trust Interests are
collectively referred to herein as “Trust Interest Owners”).

This Loan-Specific Certificate
is issued pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling
and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Loan-Specific Certificate
represents a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Loan-Specific Certificates, the Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Loan-Specific Certificate
in its limited capacity as Certificate Administrator under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Loan-Specific
Certificate), on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Loan-Specific Certificate is registered as of the related Record Date, an amount equal
to such Person’s pro rata share (based on the Percentage Interest represented by this Loan-Specific Certificate) of that portion
of the aggregate amount of principal and interest then distributable, if any, with respect to the Class YL-B Certificates for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of Yield
Maintenance Charges collected in respect of the Trust Subordinate Companion Loan, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Loan-Specific Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Loan-Specific
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The
“Interest Accrual Period” with respect to any Distribution Date and with respect to the Class YL-B Certificates is
the calendar month preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Loan-Specific Certificate) will be made by the Certificate Administrator to the persons in whose names
the Loan-Specific Certificates are registered at the close of business on each Record Date, which will be the last Business Day of the
month preceding the month in which such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately
available funds to the account of such Loan-Specific Certificateholder at a bank or other entity located in the United States and having
appropriate facilities to accept such funds, if such Loan-Specific Certificateholder has provided the Certificate Administrator with written
wiring instructions no less than five (5) Business Days prior to the related Record Date (which wiring instructions may be in the form
of a standing order applicable to all subsequent distributions), or otherwise by check

    	 	A-23-4	 

    

    

mailed to such Certificateholder. The final
distribution on each Loan-Specific Certificate shall be made in like manner, but only upon presentation and surrender of such Loan-Specific
Certificate at the office of the Certificate Administrator or its agent (which may be the Paying Agent or the Certificate Registrar acting
as such agent) that is specified in a notice to Loan-Specific Certificateholders of the pendency of the final distribution.

Any funds not distributed
on the Termination Date because of the failure of any Loan-Specific Certificateholders to tender their Loan-Specific Certificates shall
be set aside and held in trust for the account of the appropriate non-tendering Loan-Specific Certificateholders, whereupon the Trust
Fund shall terminate. If any Trust Interest as to which notice of the Termination Date has been given pursuant to Section 9.01 of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining Trust Interest Owners, at their last addresses shown in the
Certificate Register, to surrender their Trust Interests for cancellation in order to receive, from such funds held, the final distribution
with respect thereto. If within one year after the second notice any Trust Interest shall not have been surrendered for cancellation,
the Certificate Administrator may, directly or through an agent, take appropriate steps to contact the remaining Trust Interest Owners
concerning surrender of their Trust Interests. The costs and expenses of maintaining such funds and of contacting Trust Interest Owners
shall be paid out of the assets which remain held. Subject to applicable state law with respect to escheatment of funds, if within two
years after the second notice any Trust Interests shall not have been surrendered for cancellation, the Paying Agent shall pay to the
Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue or be payable to any Trust Interest
Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its Trust Interest(s) for final payment
thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Loan-Specific Certificate
is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust Subordinate Companion
Loan, as more specifically set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular
Interests; (xii) the Loss of Value Reserve Fund; and xiii) any Threshold Event Collateral.

This Loan-Specific Certificate
does not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Loan-Specific Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Loan-Specific Certificates in authorized denominations, in like aggregate interest and of the same Class.

    	 	A-23-5	 

    

    

Prior to due presentation
of this Loan-Specific Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the
Trustee, the Certificate Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any
Loan-Specific Certificate is registered as the owner of such Loan-Specific Certificate for the purpose of receiving distributions as provided
in the Pooling and Servicing Agreement and for all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the
Operating Advisor, the Trustee, the Certificate Administrator, the Certificate Registrar, nor any agent of any of them shall be affected
by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

    	 	A-23-6	 

    

    

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further that no amendment
pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or the right to receive
information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent of the Controlling Class
Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent of such Loan-Specific Controlling
Class Representative); (B) reduce the consultation rights or the right to receive information under the Pooling and Servicing Agreement
of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the obligations or rights of any Mortgage
Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent

    	 	A-23-7	 

    

    

of the Holders of all Certificates or
Loan-Specific Certificates of that Class then outstanding or of the Uncertificated VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest

    	 	A-23-8	 

    

    

Owner, or, in the case of a termination by
the Holder of a Class R Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative
and each Certifying Certificateholder and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days
prior to the Anticipated Termination Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement
or by the Trust Fund in connection with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c)
of the Pooling and Servicing Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator
shall be entitled to rely conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Loan-Specific Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Loan-Specific Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement
or be valid for any purpose.

    	 	A-23-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class YL-B Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class
YL-B Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-23-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class YL-B Certificate and hereby authorize(s) the registration of transfer of
such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class YL-B Certificate of the entire Percentage Interest represented by the within Class YL-B
Certificates to the above-named Assignee(s) and to deliver such Class YL-B Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

 

    	 	A-23-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
_________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

 

    	 	A-23-12	 

    

    

EXHIBIT
A-24

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS YL-C

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE ORIGINATORS, ANY OTHER PARTIES TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, THE RISK RETENTION CONSULTATION PARTIES, THE LOAN-SPECIFIC CONTROLLING CLASS REPRESENTATIVE, THE COMPANION LOAN HOLDERS (OR THEIR
REPRESENTATIVES), THE INITIAL PURCHASERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE LOAN-SPECIFIC CERTIFICATES NOR THE TRUST SUBORDINATE
COMPANION LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR ANY OTHER PERSON OR ENTITY.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON
THIS CERTIFICATE ARE SUBORDINATED TO DISTRIBUTIONS OF PRINCIPAL AND INTEREST ON OTHER CLASSES OF CERTIFICATES OF THE SAME SERIES.

 

 

1 Temporary Regulation S Global Certificate legend.

2 Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3 Global Certificate legend.

    	 	A-24-1	 

    

    

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS
A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT
OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
OR (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE DEFINED IN,
AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL
SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY OR
PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO
THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION
3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II) AN ENTITY OR COLLECTIVE INVESTMENT FUND
THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF
ERISA, OR SIMILAR LAW OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE,
UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH
INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION,
HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY GOVERNMENTAL PLAN OR OTHER PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND
DISPOSITION BY SUCH GOVERNMENTAL PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    	 	A-24-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS YL-C

	Pass-Through
    Rate:  The Net Mortgage Rate on the Trust Subordinate Companion Loan (adjusted, if necessary, to accrue on the basis of
    a 360-day year consisting of twelve 30-day months)4.	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class YL-C Certificates:  $62,200,000	Scheduled Final Distribution
    Date: the Distribution Date in June 2027
	 	 

 

	CUSIP:   29426VBT25

U1742VAS86

29426VBU97

     
	Initial Certificate
    Balance of this Certificate: $[_____]
	ISIN:      US29426VBT268

USU1742VAS899

US29426VBU9810

     

     
	 
	 	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class YL-C Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens
on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust by the
Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The

 

 

4
The initial approximate Pass-Through Rate as of the Closing Date is 3.030700% per annum.

5
For Rule 144A Certificates

6
For Regulation S Certificates

7
For IAI Certificates

8
For Rule 144A Certificates

9
For Regulation S Certificates

10
For IAI Certificates

    	 	A-24-3	 

    

    

Trust Fund was created, and the Mortgage Loans
(other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion Loan are to be serviced, pursuant to the Pooling
and Servicing Agreement (as defined below). The Holder of this Loan-Specific Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby. In the event that there is any conflict
between any provision of this Loan-Specific Certificate and any provision of the Pooling and Servicing Agreement, such provision of this
Loan-Specific Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing Agreement
are: (i) the Class A-1, Class A-2, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class R, Class S and
Class VRR Certificates (collectively, the “Certificates”; the Holders of Certificates are collectively referred
to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-D and Class YLRR Certificates (together
with the Class YL-C Certificates, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates are collectively
referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest (collectively
with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and Holders of Trust Interests are
collectively referred to herein as “Trust Interest Owners”).

This Loan-Specific Certificate
is issued pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling
and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Loan-Specific Certificate
represents a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Loan-Specific Certificates, the Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Loan-Specific Certificate
in its limited capacity as Certificate Administrator under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Loan-Specific
Certificate), on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Loan-Specific Certificate is registered as of the related Record Date, an amount equal
to such Person’s pro rata share (based on the Percentage Interest represented by this Loan-Specific Certificate) of that portion
of the aggregate amount of principal and interest then distributable, if any, with respect to the Class YL-C Certificates for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of Yield
Maintenance Charges collected in respect of the Trust Subordinate Companion Loan, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Loan-Specific Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Loan-Specific
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The
“Interest Accrual Period” with respect to any Distribution Date and with respect to the Class YL-C Certificates is
the calendar month preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Loan-Specific Certificate) will be made by the Certificate Administrator to the persons in whose names
the Loan-Specific Certificates are registered at the close of business on each Record Date, which will be the last Business Day of the
month preceding the month in which such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately
available funds to the account of such Loan-Specific Certificateholder at a bank or other entity located in the United States and having
appropriate facilities to accept such funds, if such Loan-Specific Certificateholder has provided the Certificate Administrator with written
wiring instructions no less than five (5) Business Days prior to the related Record Date (which wiring instructions may be in the form
of a standing order applicable to all subsequent distributions), or otherwise by check

    	 	A-24-4	 

    

    

mailed to such Certificateholder. The final
distribution on each Loan-Specific Certificate shall be made in like manner, but only upon presentation and surrender of such Loan-Specific
Certificate at the office of the Certificate Administrator or its agent (which may be the Paying Agent or the Certificate Registrar acting
as such agent) that is specified in a notice to Loan-Specific Certificateholders of the pendency of the final distribution.

Any funds not distributed
on the Termination Date because of the failure of any Loan-Specific Certificateholders to tender their Loan-Specific Certificates shall
be set aside and held in trust for the account of the appropriate non-tendering Loan-Specific Certificateholders, whereupon the Trust
Fund shall terminate. If any Trust Interest as to which notice of the Termination Date has been given pursuant to Section 9.01 of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining Trust Interest Owners, at their last addresses shown in the
Certificate Register, to surrender their Trust Interests for cancellation in order to receive, from such funds held, the final distribution
with respect thereto. If within one year after the second notice any Trust Interest shall not have been surrendered for cancellation,
the Certificate Administrator may, directly or through an agent, take appropriate steps to contact the remaining Trust Interest Owners
concerning surrender of their Trust Interests. The costs and expenses of maintaining such funds and of contacting Trust Interest Owners
shall be paid out of the assets which remain held. Subject to applicable state law with respect to escheatment of funds, if within two
years after the second notice any Trust Interests shall not have been surrendered for cancellation, the Paying Agent shall pay to the
Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue or be payable to any Trust Interest
Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its Trust Interest(s) for final payment
thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Loan-Specific Certificate
is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust Subordinate Companion
Loan, as more specifically set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular
Interests; (xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Loan-Specific Certificate
does not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Loan-Specific Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Loan-Specific Certificates in authorized denominations, in like aggregate interest and of the same Class.

    	 	A-24-5	 

    

    

Prior to due presentation
of this Loan-Specific Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the
Trustee, the Certificate Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any
Loan-Specific Certificate is registered as the owner of such Loan-Specific Certificate for the purpose of receiving distributions as provided
in the Pooling and Servicing Agreement and for all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the
Operating Advisor, the Trustee, the Certificate Administrator, the Certificate Registrar, nor any agent of any of them shall be affected
by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

	 	(i)              	to cure any ambiguity
to the extent that it does not adversely affect any holders of Certificates or the Uncertificated VRR Interest Owner (or, if applicable,
any holders of Loan-Specific Certificates);

	 	(ii)               	to correct or
supplement any of its provisions which may be inconsistent with any other provisions of the Pooling and Servicing Agreement or with the
description thereof in the Prospectus or to correct any error;

	 	(iii)               	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds Reserve Account, the Excess
Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master Servicer Remittance Date
shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change would not adversely affect
in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific
Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the amendment);

	 	(iv)               	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification of any Trust REMIC as
a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the Trust Fund, provided
that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party requesting the amendment) to
the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid or minimize such risk and (2)
the action will not adversely affect in any material respect the interests of any holder of the Certificates or the Uncertificated VRR
Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to remove any existing restrictions
with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined that the amendment will not
give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee, (C) to the extent
necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation RR and/or any related
regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any other regulations applicable
to the risk retention requirements for this securitization transaction are amended or repealed, to the extent required to comply with
any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization transaction
in light of such repeal;

	 	(v)              	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing Agreement or any other change,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel;

    	 	A-24-6	 

    

    

	 	(vi)               	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided that such modification does not
increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the
Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld unless such modification
would materially adversely affect such party or materially increase such party’s obligations under the Pooling and Servicing Agreement);
provided, further that notice of such modification is provided to all parties to the Pooling and Servicing Agreement; and

	 	(vii)               	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to maintain the ratings assigned
to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies, provided that the amendment
will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder);

provided, further that no amendment
pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or the right to receive
information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent of the Controlling Class
Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent of such Loan-Specific Controlling
Class Representative); (B) reduce the consultation rights or the right to receive information under the Pooling and Servicing Agreement
of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the obligations or rights of any Mortgage
Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent

    	 	A-24-7	 

    

    

of the Holders of all Certificates or
Loan-Specific Certificates of that Class then outstanding or of the Uncertificated VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

	 	(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent of the affected Underwriter
or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest

    	 	A-24-8	 

    

    

Owner, or, in the case of a termination by
the Holder of a Class R Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative
and each Certifying Certificateholder and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days
prior to the Anticipated Termination Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement
or by the Trust Fund in connection with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c)
of the Pooling and Servicing Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator
shall be entitled to rely conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Loan-Specific Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Loan-Specific Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement
or be valid for any purpose.

    	 	A-24-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class YL-C Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class
YL-C Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-24-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class YL-C Certificate and hereby authorize(s) the registration of transfer of
such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class YL-C Certificate of the entire Percentage Interest represented by the within Class YL-C
Certificates to the above-named Assignee(s) and to deliver such Class YL-C Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

 

    	 	A-24-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the
Assignee(s) for the purpose of receiving notices and distributions:
_________________________________________________________________________________________________ Distributions, if being made by
wire transfer in immediately available funds to __________________________ for the account of __________________________ account
number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named above
or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-24-12	 

    

    

EXHIBIT
A-25

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS YL-D

[THIS CERTIFICATE IS A TEMPORARY REGULATION
S GLOBAL CERTIFICATE FOR PURPOSES OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).
NEITHER THIS TEMPORARY REGULATION S GLOBAL CERTIFICATE NOR ANY INTEREST HEREIN MAY BE OFFERED, SOLD OR DELIVERED, EXCEPT AS PERMITTED
UNDER THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.

NO BENEFICIAL OWNERS OF THIS TEMPORARY REGULATION
S GLOBAL CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENTS OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN
DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT.]1

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]2

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]3

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE ORIGINATORS, ANY OTHER PARTIES TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, THE RISK RETENTION CONSULTATION PARTIES, THE LOAN-SPECIFIC CONTROLLING CLASS REPRESENTATIVE, THE COMPANION LOAN HOLDERS (OR THEIR
REPRESENTATIVES), THE INITIAL PURCHASERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE LOAN-SPECIFIC CERTIFICATES NOR THE TRUST SUBORDINATE
COMPANION LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR ANY OTHER PERSON OR ENTITY.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
ONLY (A)(1)

 

 

1
Temporary Regulation S Global Certificate legend.

2
Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

3
Global Certificate legend.

    	 	A-25-1	 

    

    

PURSUANT TO RULE 144A UNDER THE SECURITIES
ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” WITHIN
THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER,
RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, OR (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION
THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE DEFINED IN, AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER
THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF
THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY OR
PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER PLAN THAT IS SUBJECT TO
THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”),
OR TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION
3(32) OF ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) THAT IS, TO A MATERIAL EXTENT,
SIMILAR TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II) AN ENTITY OR COLLECTIVE INVESTMENT FUND
THE ASSETS OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF
ERISA, OR SIMILAR LAW OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE,
UNLESS (A)(I) SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION
95-60, AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH
INSURANCE COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION,
HOLDING OR DISPOSITION OF THIS CERTIFICATE BY ANY GOVERNMENTAL PLAN OR OTHER PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND
DISPOSITION BY SUCH GOVERNMENTAL PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.THIS CERTIFICATE
REPRESENTS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY,
IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

    	 	A-25-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS YL-D

	Pass-Through
    Rate:  The Net Mortgage Rate on the Trust Subordinate Companion Loan (adjusted, if necessary, to accrue on the basis of
    a 360-day year consisting of twelve 30-day months)4.	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class YL-D Certificates:  $64,300,000	Scheduled Final Distribution
    Date: the Distribution Date in June 2027
	 	 

 

	
    CUSIP:   29426VBV75

    U1742VAT66

    29426VBW57

    

    

     
	Initial Certificate Balance of this Certificate: $[_____]
	
    ISIN:      US29426VBV718

USU1742VAT629

US29426VBW5410

     

     
	 
	 	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class YL-D Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens
on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust by the
Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The

 

 

4
The initial approximate Pass-Through Rate as of the Closing Date is 3.030700% per annum.

5
For Rule 144A Certificates

6
For Regulation S Certificates

7
For IAI Certificates

8
For Rule 144A Certificates

9
For Regulation S Certificates

10
For IAI Certificates

    	 	A-25-3	 

    

    

Trust Fund was created, and the Mortgage Loans
(other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion Loan are to be serviced, pursuant to the Pooling
and Servicing Agreement (as defined below). The Holder of this Loan-Specific Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby. In the event that there is any conflict
between any provision of this Loan-Specific Certificate and any provision of the Pooling and Servicing Agreement, such provision of this
Loan-Specific Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing Agreement
are: (i) the Class A-1, Class A-2, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class R, Class S and
Class VRR Certificates (collectively, the “Certificates”; the Holders of Certificates are collectively referred
to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C and Class YLRR Certificates (together
with the Class YL-D Certificates, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates are collectively
referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest (collectively
with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and Holders of Trust Interests are
collectively referred to herein as “Trust Interest Owners”).

This Loan-Specific Certificate
is issued pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling
and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Loan-Specific Certificate
represents a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Loan-Specific Certificates, the Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Loan-Specific Certificate
in its limited capacity as Certificate Administrator under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Loan-Specific
Certificate), on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Loan-Specific Certificate is registered as of the related Record Date, an amount equal
to such Person’s pro rata share (based on the Percentage Interest represented by this Loan-Specific Certificate) of that portion
of the aggregate amount of principal and interest then distributable, if any, with respect to the Class YL-D Certificates for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of Yield
Maintenance Charges collected in respect of the Trust Subordinate Companion Loan, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Loan-Specific Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Loan-Specific
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The
“Interest Accrual Period” with respect to any Distribution Date and with respect to the Class YL-D Certificates is
the calendar month preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Loan-Specific Certificate) will be made by the Certificate Administrator to the persons in whose names
the Loan-Specific Certificates are registered at the close of business on each Record Date, which will be the last Business Day of the
month preceding the month in which such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately
available funds to the account of such Loan-Specific Certificateholder at a bank or other entity located in the United States and having
appropriate facilities to accept such funds, if such Loan-Specific Certificateholder has provided the Certificate Administrator with written
wiring instructions no less than five (5) Business Days prior to the related Record Date (which wiring instructions may be in the form
of a standing order applicable to all subsequent distributions), or otherwise by check

    	 	A-25-4	 

    

    

mailed to such Certificateholder. The final
distribution on each Loan-Specific Certificate shall be made in like manner, but only upon presentation and surrender of such Loan-Specific
Certificate at the office of the Certificate Administrator or its agent (which may be the Paying Agent or the Certificate Registrar acting
as such agent) that is specified in a notice to Loan-Specific Certificateholders of the pendency of the final distribution.

Any funds not distributed
on the Termination Date because of the failure of any Loan-Specific Certificateholders to tender their Loan-Specific Certificates shall
be set aside and held in trust for the account of the appropriate non-tendering Loan-Specific Certificateholders, whereupon the Trust
Fund shall terminate. If any Trust Interest as to which notice of the Termination Date has been given pursuant to Section 9.01 of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining Trust Interest Owners, at their last addresses shown in the
Certificate Register, to surrender their Trust Interests for cancellation in order to receive, from such funds held, the final distribution
with respect thereto. If within one year after the second notice any Trust Interest shall not have been surrendered for cancellation,
the Certificate Administrator may, directly or through an agent, take appropriate steps to contact the remaining Trust Interest Owners
concerning surrender of their Trust Interests. The costs and expenses of maintaining such funds and of contacting Trust Interest Owners
shall be paid out of the assets which remain held. Subject to applicable state law with respect to escheatment of funds, if within two
years after the second notice any Trust Interests shall not have been surrendered for cancellation, the Paying Agent shall pay to the
Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue or be payable to any Trust Interest
Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its Trust Interest(s) for final payment
thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Loan-Specific Certificate
is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust Subordinate Companion
Loan, as more specifically set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular
Interests; (xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Loan-Specific Certificate
does not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Loan-Specific Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Loan-Specific Certificates in authorized denominations, in like aggregate interest and of the same Class.

    	 	A-25-5	 

    

    

Prior to due presentation
of this Loan-Specific Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the
Trustee, the Certificate Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any
Loan-Specific Certificate is registered as the owner of such Loan-Specific Certificate for the purpose of receiving distributions as provided
in the Pooling and Servicing Agreement and for all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the
Operating Advisor, the Trustee, the Certificate Administrator, the Certificate Registrar, nor any agent of any of them shall be affected
by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

    	 	A-25-6	 

    

    

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further that no amendment
pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or the right to receive
information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent of the Controlling Class
Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent of such Loan-Specific Controlling
Class Representative); (B) reduce the consultation rights or the right to receive information under the Pooling and Servicing Agreement
of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the obligations or rights of any Mortgage
Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent

    	 	A-25-7	 

    

    

of the Holders of all Certificates or
Loan-Specific Certificates of that Class then outstanding or of the Uncertificated VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest

    	 	A-25-8	 

    

    

Owner, or, in the case of a termination by
the Holder of a Class R Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative
and each Certifying Certificateholder and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days
prior to the Anticipated Termination Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement
or by the Trust Fund in connection with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c)
of the Pooling and Servicing Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator
shall be entitled to rely conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Loan-Specific Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Loan-Specific Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement
or be valid for any purpose.

    	 	A-25-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class YL-D Certificate to be duly executed.

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class
YL-D Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-25-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class YL-D Certificate and hereby authorize(s) the registration of transfer of
such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class YL-D Certificate of the entire Percentage Interest represented by the within Class YL-D
Certificates to the above-named Assignee(s) and to deliver such Class YL-D Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-25-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: _________________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named
above or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

 

    	 	A-25-12	 

    

    

EXHIBIT
A-26

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS YLRR

[UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE CERTIFICATE REGISTRAR FOR
REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]1

[TRANSFERS OF THIS GLOBAL CERTIFICATE SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS
OF BENEFICIAL INTERESTS IN THIS GLOBAL CERTIFICATE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE POOLING AND SERVICING AGREEMENT REFERRED TO BELOW.]2

THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST
IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE ORIGINATORS, ANY OTHER PARTIES TO THE POOLING AND SERVICING AGREEMENT REFERRED TO
BELOW, THE RISK RETENTION CONSULTATION PARTIES, THE LOAN-SPECIFIC CONTROLLING CLASS REPRESENTATIVE, THE COMPANION LOAN HOLDERS (OR THEIR
REPRESENTATIVES), THE INITIAL PURCHASERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE LOAN-SPECIFIC CERTIFICATES NOR THE TRUST SUBORDINATE
COMPANION LOAN ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR ANY OTHER PERSON OR ENTITY.

PRINCIPAL PAYMENTS IN RESPECT OF THIS CERTIFICATE
ARE DISTRIBUTABLE AS SET FORTH IN THE POOLING AND SERVICING AGREEMENT. ACCORDINGLY, THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE BALANCE SET FORTH BELOW.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT
BE REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE OR FOREIGN SECURITIES
LAW. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
ONLY (A)(1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS
A “QUALIFIED INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A (A “QIB”), OR IS PURCHASING FOR THE ACCOUNT
OF A QIB, AND WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE, PLEDGE, OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
OR (2) IN AN “OFFSHORE TRANSACTION” TO AN INSTITUTION THAT IS NOT A “U.S. PERSON”, AS SUCH TERMS ARE DEFINED IN,
AND IN ACCORDANCE WITH RULE 903 OR RULE 904 OF, REGULATION S UNDER THE SECURITIES ACT, AND (B) IN EACH CASE IN ACCORDANCE WITH FEDERAL
SECURITIES LAWS AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION.

THIS CERTIFICATE MAY NOT BE PURCHASED BY OR
PLEDGED, SOLD OR OTHERWISE TRANSFERRED TO ANY PERSON THAT IS OR BECOMES (I) AN EMPLOYEE BENEFIT PLAN OR OTHER

 

 

1
Legend required as long as DTC is the Depository under the Pooling and Servicing Agreement.

2
Global Certificate legend.

    	 	A-26-1	 

    

    

PLAN THAT IS SUBJECT TO THE FIDUCIARY RESPONSIBILITY
OR PROHIBITED TRANSACTION PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR A GOVERNMENTAL PLAN (AS DEFINED IN SECTION 3(32) OF
ERISA) OR OTHER PLAN THAT IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW (“SIMILAR LAW”) THAT IS, TO A MATERIAL EXTENT, SIMILAR
TO THE FOREGOING PROVISIONS OF ERISA OR THE CODE (EACH, A “PLAN”), OR (II) AN ENTITY OR COLLECTIVE INVESTMENT FUND THE ASSETS
OF WHICH ARE CONSIDERED PLAN ASSETS UNDER U.S. DEPARTMENT OF LABOR REG. SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA, OR
SIMILAR LAW OR OTHER PERSON ACTING ON BEHALF OF ANY SUCH PLAN OR USING THE ASSETS OF SUCH PLAN TO ACQUIRE THIS CERTIFICATE, UNLESS (A)(I)
SUCH PERSON IS AN “INSURANCE COMPANY GENERAL ACCOUNT” WITHIN THE MEANING OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60,
AND (II) ALL CONDITIONS OF SECTIONS I AND III OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60 WILL BE MET WITH RESPECT TO SUCH INSURANCE
COMPANY GENERAL ACCOUNT’S ACQUISITION, HOLDING AND DISPOSITION OF THIS CERTIFICATE, OR (B) WITH RESPECT TO THE ACQUISITION, HOLDING
OR DISPOSITION OF THIS CERTIFICATE BY ANY GOVERNMENTAL PLAN OR OTHER PLAN SUBJECT TO SIMILAR LAW, SUCH ACQUISITION, HOLDING AND DISPOSITION
BY SUCH GOVERNMENTAL PLAN WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT VIOLATION OF SIMILAR LAW.

THIS CERTIFICATE REPRESENTS A “REGULAR
INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1)
AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

THIS CERTIFICATE IS INTENDED TO CONSTITUTE
PART OF AN “ELIGIBLE HORIZONTAL RESIDUAL INTEREST” (AS DEFINED IN REGULATION RR PROMULGATED UNDER SECTION 15G OF THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED), AND AS SUCH IS SUBJECT TO VARIOUS PROHIBITIONS ON HEDGING, TRANSFER AND FINANCING SET FORTH IN REGULATION
RR. THE INITIAL INVESTOR IN THIS CERTIFICATE, AND EACH SUBSEQUENT PURCHASER OF THIS CERTIFICATE, BY PURCHASING THIS CERTIFICATE OR AN
INTEREST HEREIN, IS DEEMED TO HAVE AGREED TO COMPLY WITH CERTAIN TRANSFER REQUIREMENTS SET FORTH IN THE POOLING AND SERVICING AGREEMENT.

 

    	 	A-26-2	 

    

    

CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48,

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,

SERIES 2022-GC48, CLASS YLRR

	Pass-Through
    Rate:  The Net Mortgage Rate on the Trust Subordinate Companion Loan (adjusted, if necessary, to accrue on the basis of
    a 360-day year consisting of twelve 30-day months)3.	 
	 	 
	First Distribution Date:
    July 15, 2022	Cut-Off Date:  With
    respect to each Mortgage Loan and Serviced Companion Loan, the Due Date in June 2022 for that Mortgage Loan or Serviced Companion
    Loan, as applicable (or, in the case of any Mortgage Loan or Serviced Companion Loan that has its first Due Date subsequent to June
    2022, the date that would have been its Due Date in June 2022 under the terms of that Mortgage Loan or Serviced Companion Loan, as
    applicable, if a Monthly Payment were scheduled to be due in that month).
	 	 
	Aggregate Initial Certificate Balance of the
    Class YLRR Certificates:  $14,000,000	Scheduled Final Distribution
    Date: the Distribution Date in June 2027
	 	 

 

	CUSIP:   29426VBX34

    U1742VAU35

    29426VBY16

    

     
	Initial Certificate
    Balance of this Certificate: $[_____]
	ISIN:      US29426VBX387

    USU1742VAU368

    US29426VBY119

     

     
	 
	 	 
	 	 
	No.:  [1]	 

This certifies that [           ]
is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the
Class YLRR Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens
on commercial, multifamily and manufactured housing community properties and the Trust Subordinate Companion Loan held in trust by the
Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.
The

 

 

3
The initial approximate Pass-Through Rate as of the Closing Date is 3.03700% per annum.

4
For Rule 144A Certificates

5
For Regulation S Certificates

6
For IAI Certificates

7
For Rule 144A Certificates

8
For Regulation S Certificates

9
For IAI Certificates

    	 	A-26-3	 

    

    

Trust Fund was created, and the Mortgage Loans
(other than the Outside Serviced Mortgage Loans) and the Trust Subordinate Companion Loan are to be serviced, pursuant to the Pooling
and Servicing Agreement (as defined below). The Holder of this Loan-Specific Certificate, by virtue of the acceptance hereof, assents
to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby. In the event that there is any conflict
between any provision of this Loan-Specific Certificate and any provision of the Pooling and Servicing Agreement, such provision of this
Loan-Specific Certificate shall be superseded to the extent of such inconsistency. Also issued under the Pooling and Servicing Agreement
are: (i) the Class A-1, Class A-2, Class A-5, Class A-SB, Class X-A, Class A-S, Class B, Class C,
Class X-D, Class X-F, Class X-G, Class X-H, Class D, Class E, Class F, Class G, Class H, Class R, Class S and
Class VRR Certificates (collectively, the “Certificates”; the Holders of Certificates are collectively referred
to herein as “Certificateholders”); (ii) the Class YL-A, Class YL-B, Class YL-C and Class YL-D Certificates (together
with the Class YLRR Certificates, the “Loan-Specific Certificates”; the Holders of Loan-Specific Certificates are collectively
referred to herein as “Loan-Specific Certificateholders”); and (iii) the Uncertificated VRR Interest (collectively
with the Certificates and the Loan-Specific Certificates, the “Trust Interests”; and Holders of Trust Interests are
collectively referred to herein as “Trust Interest Owners”).

This Loan-Specific Certificate
is issued pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2022 (the “Pooling
and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. To the extent not defined herein, capitalized
terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

This Loan-Specific Certificate
represents a “regular interest” in a “real estate mortgage investment conduit,” as those terms are defined, respectively,
in Sections 860G(a)(1) and 860D of the Internal Revenue Code of 1986, as amended.

The Certificate Administrator
makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates, the
Loan-Specific Certificates, the Mortgage Loans or the Trust Subordinate Companion Loan and has executed this Loan-Specific Certificate
in its limited capacity as Certificate Administrator under the Pooling and Servicing Agreement.

Pursuant to the terms
of the Pooling and Servicing Agreement, the Certificate Administrator will distribute (other than the final distribution on any Loan-Specific
Certificate), on the 4th Business Day following the Determination Date in each month, commencing in July 2022 (each such date, a “Distribution
Date”), to the Person in whose name this Loan-Specific Certificate is registered as of the related Record Date, an amount equal
to such Person’s pro rata share (based on the Percentage Interest represented by this Loan-Specific Certificate) of that portion
of the aggregate amount of principal and interest then distributable, if any, with respect to the Class YLRR Certificates for such Distribution
Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to a share of Yield
Maintenance Charges collected in respect of the Trust Subordinate Companion Loan, as provided in the Pooling and Servicing Agreement.

Interest accrued on this
Loan-Specific Certificate during an Interest Accrual Period, plus the aggregate unpaid Interest Shortfall with respect to this Loan-Specific
Certificate, if any, will be payable on the related Distribution Date to the extent provided in the Pooling and Servicing Agreement. The
“Interest Accrual Period” with respect to any Distribution Date and with respect to the Class YLRR Certificates is
the calendar month preceding the month in which such Distribution Date occurs and is assumed to consist of 30 days.

All distributions (other
than the final distribution on any Loan-Specific Certificate) will be made by the Certificate Administrator to the persons in whose names
the Loan-Specific Certificates are registered at the close of business on each Record Date, which will be the last Business Day of the
month preceding the month in which such Distribution Date occurs. Distributions are required to be made by wire transfer of immediately
available funds to the account of such Loan-Specific Certificateholder at a bank or other entity located in the United States and having
appropriate facilities to accept such funds, if such Loan-Specific Certificateholder has provided the Certificate Administrator with written
wiring instructions no less than five (5) Business Days prior to the related Record Date (which wiring instructions may be in the form
of a standing order applicable to all subsequent distributions), or otherwise by check

    	 	A-26-4	 

    

    

mailed to such Certificateholder. The final
distribution on each Loan-Specific Certificate shall be made in like manner, but only upon presentation and surrender of such Loan-Specific
Certificate at the office of the Certificate Administrator or its agent (which may be the Paying Agent or the Certificate Registrar acting
as such agent) that is specified in a notice to Loan-Specific Certificateholders of the pendency of the final distribution.

Any funds not distributed
on the Termination Date because of the failure of any Loan-Specific Certificateholders to tender their Loan-Specific Certificates shall
be set aside and held in trust for the account of the appropriate non-tendering Loan-Specific Certificateholders, whereupon the Trust
Fund shall terminate. If any Trust Interest as to which notice of the Termination Date has been given pursuant to Section 9.01 of the
Pooling and Servicing Agreement shall not have been surrendered for cancellation within six months after the time specified in such notice,
the Certificate Administrator shall mail a second notice to the remaining Trust Interest Owners, at their last addresses shown in the
Certificate Register, to surrender their Trust Interests for cancellation in order to receive, from such funds held, the final distribution
with respect thereto. If within one year after the second notice any Trust Interest shall not have been surrendered for cancellation,
the Certificate Administrator may, directly or through an agent, take appropriate steps to contact the remaining Trust Interest Owners
concerning surrender of their Trust Interests. The costs and expenses of maintaining such funds and of contacting Trust Interest Owners
shall be paid out of the assets which remain held. Subject to applicable state law with respect to escheatment of funds, if within two
years after the second notice any Trust Interests shall not have been surrendered for cancellation, the Paying Agent shall pay to the
Class R Certificateholders all amounts distributable to the Holders thereof. No interest shall accrue or be payable to any Trust Interest
Owner on any amount held as a result of such Trust Interest Owner’s failure to surrender its Trust Interest(s) for final payment
thereof in accordance with Section 9.01 of the Pooling and Servicing Agreement.

This Loan-Specific Certificate
is limited in right of payment to, among other things, certain collections and recoveries in respect of the Trust Subordinate Companion
Loan, as more specifically set forth herein and in the Pooling and Servicing Agreement.

As provided in the Pooling
and Servicing Agreement, the Trust Fund includes: (i) such Mortgage Loans and Trust Subordinate Companion Loan as from time to time are
subject to the Pooling and Servicing Agreement, together with the Mortgage Files relating thereto; (ii) all scheduled or unscheduled payments
on or collections in respect of the Mortgage Loans and the Trust Subordinate Companion Loan due after the Cut-Off Date or, with respect
to a Qualified Substitute Mortgage Loan, the Due Date in the month of substitution (exclusive of interest relating to periods prior to,
but due after, the Cut-Off Date); (iii) any REO Property (but, with respect to any REO Property relating to a Whole Loan, only to the
extent of the Trust’s interest in the related Whole Loan); (iv) all revenues received in respect of any REO Property (but, with
respect to any REO Property relating to a Whole Loan, only to the extent of the Trust’s interest in the related Whole Loan); (v)
the Master Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to the Pooling and Servicing Agreement and any proceeds thereof; (vi) the
Trustee’s rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights
under any indemnities or guaranties given as additional security for any Mortgage Loan or Trust Subordinate Companion Loan; (viii) all
of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all proceeds
of the Mortgage Loans and Trust Subordinate Companion Loan deposited in the Collection Account, the Distribution Account, the Excess Interest
Distribution Account, the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account and any REO Account, including any
reinvestment income thereon; (ix) the Trustee’s rights in any environmental indemnity agreements relating to the Mortgaged Properties;
(x) the Depositor’s rights under the Mortgage Loan Purchase Agreements to the extent assigned to the Trustee pursuant to Section
2.01 of the Pooling and Servicing Agreement; (xi) the Lower-Tier Regular Interests and the Trust Subordinate Companion Loan Regular
Interests; (xii) the Loss of Value Reserve Fund; and (xiii) any Threshold Event Collateral.

This Loan-Specific Certificate
does not purport to summarize the Pooling and Servicing Agreement, and reference is made to the Pooling and Servicing Agreement for the
interests, rights, benefits, obligations and duties evidenced hereby, and the limitations thereon, and the rights, duties and immunities
of the Certificate Administrator and Trustee.

As provided in the Pooling
and Servicing Agreement, subject to certain restrictions on transfer set forth therein, upon surrender for registration of transfer of
any Loan-Specific Certificate, the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Loan-Specific Certificates in authorized denominations, in like aggregate interest and of the same Class.

    	 	A-26-5	 

    

    

Prior to due presentation
of this Loan-Specific Certificate for registration of transfer, the Master Servicer, the Special Servicer, the Operating Advisor, the
Trustee, the Certificate Administrator, the Certificate Registrar, and any agent of any of them, may treat the Person in whose name any
Loan-Specific Certificate is registered as the owner of such Loan-Specific Certificate for the purpose of receiving distributions as provided
in the Pooling and Servicing Agreement and for all other purposes whatsoever, and neither the Master Servicer, the Special Servicer, the
Operating Advisor, the Trustee, the Certificate Administrator, the Certificate Registrar, nor any agent of any of them shall be affected
by any notice to the contrary.

The Pooling and Servicing
Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer, the Special Servicer, the
Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then acting as Custodian), the
Certificate Administrator and the Trustee, without the consent of any of the Certificateholders, the Uncertificated VRR Interest Owner,
the Loan-Specific Certificateholders or, as applicable, any Companion Loan Holder:

		(i)	to cure any ambiguity to the extent that it does not adversely affect any holders of Certificates or the
Uncertificated VRR Interest Owner (or, if applicable, any holders of Loan-Specific Certificates);

		(ii)	to correct or supplement any of its provisions which may be inconsistent with any other provisions of
the Pooling and Servicing Agreement or with the description thereof in the Prospectus or to correct any error;

		(iii)	to change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds
Reserve Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that (A) the Master
Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date and (B) the change
would not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated VRR Interest Owner (or,
if applicable, any Loan-Specific Certificateholder), as evidenced by an opinion of counsel (at the expense of the party requesting the
amendment);

		(iv)	to modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification
of any Trust REMIC as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the
Trust Fund, provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the party
requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or to avoid
or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder of the Certificates
or the Uncertificated VRR Interest Owner (or, if applicable, any holder of the Loan-Specific Certificates), (B) to restrict (or to
remove any existing restrictions with respect to) the transfer of the Class R Certificates, provided that the Depositor has determined
that the amendment will not give rise to any tax with respect to the transfer of the Class R Certificates to a non-Permitted Transferee,
(C) to the extent necessary to comply with the Investment Company Act of 1940, as amended, the Exchange Act, Regulation AB, Regulation
RR and/or any related regulatory actions and/or interpretations or (D) in the event that Regulation RR (or any portion thereof) or any
other regulations applicable to the risk retention requirements for this securitization transaction are amended or repealed, to the extent
required to comply with any such amendment or to modify or eliminate any risk retention requirements no longer applicable to this securitization
transaction in light of such repeal;

		(v)	to make any other provisions with respect to matters or questions arising under the Pooling and Servicing
Agreement or any other change, provided that the amendment will not adversely affect in any material respect the interests of any
Certificateholder or the Uncertificated VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder), as evidenced by an
opinion of counsel;

    	 	A-26-6	 

    

    

		(vi)	to modify the procedures in the Pooling and Servicing Agreement relating to Rule 17g-5; provided
that such modification does not increase the obligations of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset
Representations Reviewer, the Master Servicer or the Special Servicer without such party’s consent (which consent may not be withheld
unless such modification would materially adversely affect such party or materially increase such party’s obligations under the
Pooling and Servicing Agreement); provided, further that notice of such modification is provided to all parties to the Pooling
and Servicing Agreement; and

		(vii)	to amend or supplement any provision of the Pooling and Servicing Agreement to the extent necessary to
maintain the ratings assigned to each Class of Certificates (or, if applicable, Loan-Specific Certificates) by any of the Rating Agencies,
provided that the amendment will not adversely affect in any material respect the interests of any Certificateholder or the Uncertificated
VRR Interest Owner (or, if applicable, any Loan-Specific Certificateholder);

provided, further that no amendment
pursuant to any of clauses (i)-(vii) above may be made that would: (A) reduce the consent or consultation rights or the right to receive
information under the Pooling and Servicing Agreement of the Controlling Class Representative without the consent of the Controlling Class
Representative (or, if applicable, of any Loan-Specific Controlling Class Representative without the consent of such Loan-Specific Controlling
Class Representative); (B) reduce the consultation rights or the right to receive information under the Pooling and Servicing Agreement
of the Operating Advisor without the consent of the Operating Advisor; (C) change in any manner the obligations or rights of any Mortgage
Loan Seller under the Pooling and Servicing Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the affected
Mortgage Loan Seller; (D) change in any manner the obligations or rights of any Underwriter or Initial Purchaser, without the consent
of the affected Underwriter or Initial Purchaser; or (E) adversely affect any Serviced Companion Loan Holder in its capacity as such without
its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting such amendment, unless the Master
Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of the Certificateholders, then in which case
such expense will be borne by the Trust.

The Pooling and Servicing
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master Servicer,
the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian (if the Certificate Administrator is then
acting as Custodian), the Certificate Administrator and the Trustee with the consent of the Holders of Certificates and any Loan-Specific
Certificates representing in the aggregate not less than 66-2/3% of the Percentage Interests of each Class of Certificates and Loan-Specific
Certificates affected by the amendment for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of the Pooling and Servicing Agreement or of modifying in any manner the rights of the Certificateholders, Loan-Specific Certificateholders
and the Uncertificated VRR Interest Owner; provided, however, that no such amendment shall:

		(i)	reduce in any manner the amount of, or delay the timing of, payments received on the Serviced Loans which
are required to be distributed on a Certificate or Loan-Specific Certificate of any Class or the Uncertificated VRR Interest or to any
Serviced Companion Loan Holder, as applicable, without the consent of the Holder of that Certificate or Loan-Specific Certificate, the
Uncertificated VRR Interest Owner or that Serviced Companion Loan Holder, as applicable,

		(ii)	reduce the aforesaid percentage of Certificates or Loan-Specific Certificates of any Class or of the Uncertificated
VRR Interest the Holders (or, in the case of the Uncertificated VRR Interest, the owner) of which are required to consent to the amendment
without the consent

    	 	A-26-7	 

    

    

of the Holders of all Certificates or
Loan-Specific Certificates of that Class then outstanding or of the Uncertificated VRR Interest Owner, as applicable,

		(iii)	change in any manner the obligations or rights of any Mortgage Loan Seller under the Pooling and Servicing
Agreement or the related Mortgage Loan Purchase Agreement without the consent of the affected Mortgage Loan Seller,

		(iv)	change the definition of “Servicing Standard” without either (A) consent of 100% of the Certificateholders,
the Loan-Specific Certificateholders and the Uncertificated VRR Interest Owner or (B) Rating Agency Confirmation,

		(v)	without the consent of 100% of the Certificateholders and Loan-Specific Certificateholders of the Class
or Classes of Certificates and Loan-Specific Certificates, or the Uncertificated VRR Interest Owner, that is adversely affected thereby,
change (A) the percentages of Voting Rights of Certificateholders or Loan-Specific Certificateholders that are required to consent to
any action or inaction under the Pooling and Servicing Agreement, (B) the right of the Certificateholders or Loan-Specific Certificateholders
to remove the Special Servicer pursuant to the Pooling and Servicing Agreement or (C) the right of the Certificateholders or Loan-Specific
Certificateholders to terminate the Operating Advisor pursuant to the Pooling and Servicing Agreement,

		(vi)	adversely affect the Controlling Class Representative without the consent of 100% of the Controlling Class
Certificateholders,

		(vii)	adversely affect any Loan-Specific Controlling Class Representative without the consent of 100% of the
Loan-Specific Controlling Class Certificateholders,

		(viii)	adversely affect a Serviced Companion Loan Holder in its capacity as such without its consent, or

		(ix)	change in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent
of the affected Underwriter or Initial Purchaser.

The Holders of the Controlling
Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if such Holders do not, the Special Servicer,
or if neither such Holders nor the Special Servicer do, the Master Servicer or, if none of such Holders, the Special Servicer or the Master
Servicer does, any Holders of Class R Certificates representing greater than a 50% Percentage Interest in such Class, may also) effect
an early termination of the Trust Fund, upon not less than 30 days’ prior notice given to the parties (or, if applicable, the other
parties) to the Pooling and Servicing Agreement (whereupon the Master Servicer shall notify the Serviced Companion Loan Holders) any time
on or after the Early Termination Notice Date specifying the Anticipated Termination Date, by purchasing on such date all, but not less
than all, of the Trust Loans (and in the case of any Trust Loan that is part of a Serviced Whole Loan, subject to certain rights of the
related Serviced Companion Loan Holder(s) provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property
acquired by or on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to any
Outside Serviced Mortgage Loan) in respect of any Trust Loan then included in the Trust Fund, at a purchase price, payable in cash, equal
to (i) the sum of (A) the Termination Purchase Amount and (B) the reasonable out-of-pocket expenses of the Master
Servicer (unless the Master Servicer is the purchaser of such Trust Loans), the Special Servicer (unless the Special Servicer is the purchaser
of such Trust Loans), the Trustee and the Certificate Administrator, as applicable, with respect to such termination, minus (ii) solely
in the case where the Master Servicer or the Special Servicer is effecting such purchase, the aggregate amount of unreimbursed Advances,
if any, made by the Master Servicer or Special Servicer, as applicable, together with any interest accrued and payable to the Master Servicer
or the Special Servicer, as applicable, in respect of such Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable,
remaining outstanding (which items will be deemed to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable,
in connection with such purchase).

Any Person(s) effecting
an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling Class Representative and
each Certifying Certificateholder and the Uncertificated VRR Interest

    	 	A-26-8	 

    

    

Owner, or, in the case of a termination by
the Holder of a Class R Certificate, notify the Certificate Administrator (who shall notify the Controlling Class Representative
and each Certifying Certificateholder and the Uncertificated VRR Interest Owner) of its intention to do so in writing at least 30 days
prior to the Anticipated Termination Date. All costs and expenses incurred by any and all parties to the Pooling and Servicing Agreement
or by the Trust Fund in connection with the purchase of the Trust Loans and other assets of the Trust Fund pursuant to Section 9.01(c)
of the Pooling and Servicing Agreement shall be borne by the party exercising its purchase rights thereunder. The Certificate Administrator
shall be entitled to rely conclusively on any determination made by an Appraiser pursuant to Section 9.01(c) of the Pooling and Servicing
Agreement.

The respective obligations
and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor, the Asset Representations Reviewer,
the Certificate Administrator and the Trustee created by the Pooling and Servicing Agreement with respect to the Certificates, the Loan-Specific
Certificates, the Uncertificated VRR Interest, the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make
certain payments and to send certain notices to Certificateholders, the Loan-Specific Certificateholders and the Uncertificated VRR Interest
Owner as set forth in the Pooling and Servicing Agreement and to make any required remittances to the Serviced Companion Loan Holders
in the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following the
earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders of
the Class R Certificates of all the Trust Loans and REO Properties (or interests therein) then included in the Trust Fund pursuant
to Section 9.01(c) of the Pooling and Servicing Agreement, (ii) the exchange by the Remaining Certificateholder of its Certificates,
Loan-Specific Certificates and the Uncertificated VRR Interest for all the Trust Loans and REO Properties (or interests therein) then
included in the Trust Fund pursuant to Section 9.01(h) of the Pooling and Servicing Agreement and (iii) the final payment or other
liquidation (or any advance with respect thereto) of the last Trust Loan or REO Property (or interest therein) contained in the Trust
Fund; provided, however, that in no event shall the trust created by the Pooling and Servicing Agreement continue beyond
the expiration of twenty-one years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador
of the United States to the United Kingdom, living on the date of the Pooling and Servicing Agreement. All such payments as contemplated
by the preceding paragraph shall be deposited into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly
following receipt thereof.

Unless the Certificate
of Authentication on this Loan-Specific Certificate has been executed by the Certificate Administrator or on its behalf by the Authenticating
Agent, by manual signature, this Loan-Specific Certificate shall not be entitled to any benefit under the Pooling and Servicing Agreement
or be valid for any purpose.

    	 	A-26-9	 

    

    

IN WITNESS WHEREOF,
the Certificate Administrator has caused this Class YLRR Certificate to be duly executed. 

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

Dated: ____________, 2022

CERTIFICATE OF AUTHENTICATION

This is one of the Class
YLRR Certificates referred to in the Pooling and Servicing Agreement.

Dated: ____________, 2022

	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, NATIONAL 

ASSOCIATION not in its individual capacity but solely 

as Certificate Administrator
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	Authorized Signatory

 

    	 	A-26-10	 

    

    

ASSIGNMENT

FOR VALUE RECEIVED, the
undersigned (“Assignor(s)”) hereby sell(s), assign(s) and transfer(s) unto ____________________________________________________
______________________________ (please print or typewrite name(s) and address(es), including postal zip code(s) of assignee(s)) (“Assignee(s)”)
the entire Percentage Interest represented by the within Class YLRR Certificate and hereby authorize(s) the registration of transfer of
such interest to Assignee(s) on the Certificate Register of the Trust Fund.

I (we) further direct
the Certificate Registrar to issue a new Class YLRR Certificate of the entire Percentage Interest represented by the within Class YLRR
Certificates to the above-named Assignee(s) and to deliver such Class YLRR Certificate to the following address:

Date: _________________

	 	 
	 	 
	 	Signature by or on behalf of Assignor(s)
	 	 
	 	 
	 	Taxpayer Identification Number

 

    	 	A-26-11	 

    

    

DISTRIBUTION INSTRUCTIONS

The Assignee(s) should
include the following for purposes of distribution:

Address of the Assignee(s)
for the purpose of receiving notices and distributions: ___________________________________________________________________________________________________
Distributions, if being made by wire transfer in immediately available funds to __________________________ for the account of __________________________
account number ____________________________.
 This information is provided by ______________________________, the Assignee(s) named
above or ____________________________________ as its (their) agent.

	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	 	[Please print or type name(s)]
	 	 	 	 
	 	 	 	 
	 	 	 	Title
	 	 	 	 
	 	 	 	 
	 	 	 	Taxpayer Identification Number
	 	 	 	 

    	 	A-26-12	 

    

    

 

EXHIBIT B

MORTGAGE LOAN SCHEDULE

  

    	 	B-13	 

    

     

 

CGCMT 2022-GC48 Mortgage Loan Schedule  
                                       
                                       
                                       

 

	Loan Number	Footnotes	Property Name	Address	City	State	Zip Code	Cut-Off Date Balance ($)	Flood Zone	Mortgage Rate	Remaining Term To Maturity/ARD (Mos.)	Maturity Date/ARD	Remaining Amortization Term (Mos.)	Master Servicing Fee Rate (%)	Primary Servicing Fee Rate (%)	Subservicing Fee Rate (%)	Outside Servicing Fee Rate (%)	Mortgage Loan Seller	Crossed With Other Loans	ARD (Yes/No)	ARD Mortgage Loan Final Maturity Date	ARD Revised Rate	Serviced Companion Loan Flag	Serviced Companion Loan Cut-off Date Balance	Serviced Companion Loan Interest Rate	Serviced Companion Loan Remaining Term to Maturity/ARD (Mos.)	Serviced Companion Loan Maturity Date/ARD	Serviced Companion Loan Remaining Amortization Term (Mos.)	Serviced Companion Loan Servicing Fee (%)
	1	(1)	Yorkshire & Lexington Towers	Various	New York	New York	Various	60,000,000.00	 	3.04000%	60	6/6/2027	0	0.00125%	0.00125%	NAP	0.00000%	BMO, SMC, CREFI	NAP	No	 	 	Yes	479,500,000	3.04000%	60	6/6/2027	0	0.00125%
	1.01	 	Yorkshire Towers	305 East 86th Street	New York	New York	10028	 	No	 	 	 	 	 	 	 	 	BMO, SMC, CREFI	 	 	 	 	 	 	 	 	 	 	 
	1.02	 	Lexington Towers	160 East 88th Street	New York	New York	10128	 	No	 	 	 	 	 	 	 	 	BMO, SMC, CREFI	 	 	 	 	 	 	 	 	 	 	 
	2	 	Cliffs Hotel and Spa	2757 Shell Beach Road	Pismo Beach	California	93449	50,000,000.00	No	4.81500%	119	5/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	GSMC	NAP	No	 	 	 	 	 	 	 	 	 
	3	 	79 Fifth Avenue	79 Fifth Avenue	New York	New York	10003	50,000,000.00	No	4.92000%	119	5/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	CREFI	NAP	No	 	 	Yes	190,000,000	4.92000%	119	5/6/2032	0	0.00125%
	4	 	Sunbelt Office Portfolio	Various	Various	Various	Various	42,955,690.80	 	5.13000%	119	5/6/2032	359	0.00125%	0.00125%	NAP	0.00000%	CREFI	NAP	No	 	 	 	 	 	 	 	 	 
	4.01	 	80 Monroe Avenue	80 Monroe Avenue	Memphis	Tennessee	38103	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	4.02	 	2400 Herodian Way	2400 Herodian Way	Smyrna	Georgia	30080	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	4.03	 	5720 LBJ Freeway	5720 LBJ Freeway	Dallas	Texas	75240	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	5	 	Brighton Towne Square	7927 Nemco Way	Brighton	Michigan	48116	40,000,000.00	No	5.90600%	120	6/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	SMC	NAP	No	 	 	 	 	 	 	 	 	 
	6	 	2550 M Street	2550 M Street Northwest	Washington	District of Columbia	20037	40,000,000.00	No	4.60000%	118	4/6/2032	0	0.00125%	0.00000%	NAP	0.00125%	CREFI	NAP	No	 	 	 	 	 	 	 	 	 
	7	(2)	Bell Works	101 Crawfords Corner Road	Holmdel	New Jersey	07733	40,000,000.00	No	5.11000%	119	5/6/2032	0	0.00125%	0.00000%	NAP	0.00125%	CREFI, BMO	NAP	No	 	 	 	 	 	 	 	 	 
	8	 	DoubleTree Ontario	222 North Vineyard Avenue	Ontario	California	91764	30,000,000.00	No	5.36900%	59	5/6/2027	0	0.00125%	0.00125%	NAP	0.00000%	GSMC	NAP	No	 	 	 	 	 	 	 	 	 
	9	(3)	One Wilshire	624 South Grand Avenue	Los Angeles	California	90017	23,250,000.00	Yes - AE	2.77600%	115	1/6/2032	0	0.00125%	0.00000%	NAP	0.01125%	GSMC	NAP	Yes	1/6/2035	See footnote (3)	 	 	 	 	 	 	 
	10	 	ExchangeRight Net Leased Portfolio #55	Various	Various	Various	Various	22,340,000.00	 	4.58000%	119	5/1/2032	0	0.00125%	0.00000%	NAP	0.00125%	CREFI	NAP	No	 	 	 	 	 	 	 	 	 
	10.01	 	Walmart Neighborhood Market - Prairieville (Airline), LA	15047 Airline Highway	Prairieville	Louisiana	70769	 	Yes - A	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.02	 	Pick N Save - Sun Prairie (Main), WI	640 East Main Street	Sun Prairie	Wisconsin	53590	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.03	 	Schnucks - Love's Park (Harlem), IL	1810 Harlem Road	Loves Park	Illinois	61111	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.04	 	Walmart Neighborhood Market - Thibodaux (Main), LA	224 West Main Street	Thibodaux	Louisiana	70301	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.05	 	Walmart Neighborhood Market - Houma (Park), LA	6411 West Park Avenue	Houma	Louisiana	70364	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.06	 	Publix - Decatur (Point), AL	2934 Point Mallard Parkway Southeast	Decatur	Alabama	35603	 	Yes - A	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.07	 	PNC Bank - Clarendon Hills (Holmes), IL	300 Holmes Avenue	Clarendon Hills	Illinois	60514	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.08	 	Walmart Neighborhood Market - New Iberia (Parkview), LA	1201 Parkview Drive	New Iberia	Louisiana	70563	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.09	 	Walmart Neighborhood Market - Opelousas (Union), LA	2310 South Union Street	Opelousas	Louisiana	70570	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.1	 	Walmart Neighborhood Market - Meraux (Archbishop), LA	2500 Archbishop Philip M. Hannan Boulevard	Meraux	Louisiana	70075	 	Yes - AE	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.11	 	CVS Pharmacy - Auburn (Opelika), AL	1498 Opelika Road	Auburn	Alabama	36830	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.12	 	Huntington Bank- Clarksburg (Pike), WV	230 West Pike Street	Clarksburg	West Virginia	26301	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.13	 	CVS Pharmacy - Grand Rapids (Fuller), MI	1155 Fuller Avenue Northeast	Grand Rapids	Michigan	49503	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.14	 	O'Reilly Auto Parts - Madison (Commerce), WI	416 Commerce Drive	Madison	Wisconsin	53719	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.15	 	U.S. Bank - Northlake (North), IL	26 North Avenue	Northlake	Illinois	60164	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.16	 	CVS - Tullahoma (Jackson), TN	1351 North Jackson Street	Tullahoma	Tennessee	37388	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.17	 	7-Eleven- La Grange (Ogden), IL	9600 East Ogden Avenue	La Grange	Illinois	60525	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.18	 	U.S. Bank - Elk Grove Village (Devon), IL	1100 West Devon Avenue	Elk Grove Village	Illinois	60007	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.19	 	Sherwin Williams - Marysville (Fifth), OH	702 East 5th Street	Marysville	Ohio	43040	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.2	 	O'Reilly - Owensboro (Bold Forbes), KY	3200 Bold Forbes Way	Owensboro	Kentucky	42303	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.21	 	PNC Bank - Aurora (Galena), IL	1977 West Galena Boulevard	Aurora	Illinois	60506	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.22	 	NAPA Auto Parts - Downers Grove (Ogden), IL	901 Ogden Avenue	Downers Grove	Illinois	60515	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.23	 	Family Dollar - Cuyahoga Falls (Bailey), OH	1841 Bailey Road	Cuyahoga Falls	Ohio	44221	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.24	 	Dollar General - Lewiston (Sabattus), ME	1079 Sabattus Street	Lewiston	Maine	04240	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.25	 	U.S. Bank - Niles (Dempster), IL	8500 West Dempster Street	Niles	Illinois	60714	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.26	 	Dollar Tree - Des Plaines (Rand), IL	1507 Rand Road	Des Plaines	Illinois	60016	 	Yes - AE	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.27	 	Dollar General - Odessa (University), TX	10521 West University Boulevard	Odessa	Texas	79764	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.28	 	Dollar General - Weber City, (Hwy 23), VA	2000 Main Street 	Weber City	Virginia	24290	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.29	 	Dollar General- Springtown (Highway), TX	4405 East Highway 199	Springtown	Texas	76082	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.3	 	Sherwin Williams - Champaign (Marketview), IL	702 West Marketview Drive	Champaign	Illinois	61822	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.31	 	Dollar General - Holly (Saginaw), MI	514 North Saginaw Street	Holly	Michigan	48442	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.32	 	Dollar General - Dyer (Sheffield), IN	1620 Sheffield Avenue	Dyer	Indiana	46311	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.33	 	Dollar General - Lubbock (University), TX	9604 University Avenue	Lubbock	Texas	79423	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	10.34	 	Citizens Bank - Wilmington (Marsh), DE	1620 Marsh Road	Wilmington	Delaware	19803	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	11	 	Rivercrest Retail Portfolio I	Various	Various	Various	Various	21,312,616.00	 	5.70000%	120	6/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	GSMC	NAP	No	 	 	 	 	 	 	 	 	 
	11.01	 	White Horse Commons	6134 White Horse Road	Greenville	South Carolina	29611	 	No	 	 	 	 	 	 	 	 	GSMC	 	 	 	 	 	 	 	 	 	 	 
	11.02	 	Hillview Plaza	14019 & 14041 East Wade Hampton Boulevard	Greer	South Carolina	29651	 	No	 	 	 	 	 	 	 	 	GSMC	 	 	 	 	 	 	 	 	 	 	 
	11.03	 	Tidewater Plaza	1671 North Howe Street	Southport	North Carolina	28461	 	No	 	 	 	 	 	 	 	 	GSMC	 	 	 	 	 	 	 	 	 	 	 
	11.04	 	Boiling Springs Centre	4010 Highway 9	Boiling Springs	South Carolina	29316	 	No	 	 	 	 	 	 	 	 	GSMC	 	 	 	 	 	 	 	 	 	 	 
	11.05	 	Garber's Crossing	2200 John Wayland Highway	Harrisonburg	Virginia	22801	 	No	 	 	 	 	 	 	 	 	GSMC	 	 	 	 	 	 	 	 	 	 	 
	12	 	Rivercrest Retail Portfolio II	Various	Various	Various	Various	20,859,384.00	 	5.70000%	120	6/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	GSMC	NAP	No	 	 	 	 	 	 	 	 	 
	12.01	 	Creekside Plaza	707-715 & 725-739 East Dixon Boulevard	Shelby	North Carolina	28152	 	No	 	 	 	 	 	 	 	 	GSMC	 	 	 	 	 	 	 	 	 	 	 
	12.02	 	Southside Commons	2014 South Irby Street	Florence	South Carolina	29505	 	No	 	 	 	 	 	 	 	 	GSMC	 	 	 	 	 	 	 	 	 	 	 
	12.03	 	Southtowne Commons	411 North Fruitland Boulevard	Salisbury	Maryland	21801	 	No	 	 	 	 	 	 	 	 	GSMC	 	 	 	 	 	 	 	 	 	 	 
	12.04	 	Piedmont Plaza	165 Walton Drive	Gaffney	South Carolina	29341	 	No	 	 	 	 	 	 	 	 	GSMC	 	 	 	 	 	 	 	 	 	 	 
	13	 	League City Storage	3000 FM 646 East	League City	Texas	77573	18,725,000.00	No	5.08500%	118	4/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	SMC	NAP	No	 	 	 	 	 	 	 	 	 
	14	 	501 W 24th Street	501 West 24th Street	New York	New York	10011	15,850,000.00	No	6.38000%	119	5/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	BMO	NAP	No	 	 	 	 	 	 	 	 	 
	15	 	Stockton Self Storage Portfolio	Various	Various	California	Various	13,985,621.85	 	5.14400%	119	5/6/2032	359	0.00125%	0.00000%	NAP	0.00125%	SMC	NAP	No	 	 	 	 	 	 	 	 	 
	15.01	 	Airport Road Self Storage	1604 Airport Road	Rio Vista	California	94571	 	No	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	15.02	 	Morada Self Storage	10200 North State Route 99 East Frontage Road	Stockton	California	95212	 	No	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	15.03	 	Highway 88 Self Storage	12941 Blossom Court	Lockeford	California	95237	 	No	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	15.04	 	Beckman Road Industrial	850 Thurman Street a/k/a 500 South Beckman Road	Lodi	California	95240	 	No	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	15.05	 	Highway 99 Self Storage	935 Simmerhorn Road	Galt	California	95632	 	No	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	15.06	 	Eight Mile Road Self Storage	10910 North Highway 99	Lodi	California	95240	 	No	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	16	 	Enterprise Mills	1450 Greene Street	Augusta	Georgia	30901	13,200,000.00	No	5.05000%	119	5/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	BMO	NAP	No	 	 	 	 	 	 	 	 	 
	17	 	Roselle & Color Plaza	Various	Various	New Jersey	Various	13,100,000.00	 	5.21000%	120	6/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	CREFI	NAP	No	 	 	 	 	 	 	 	 	 
	17.01	 	Color Plaza	1000 South Elmora Avenue	Elizabeth	New Jersey	07202	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	17.02	 	Roselle Plaza	711 East 1st Avenue	Roselle	New Jersey	07203	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	18	 	Las Casitas MHP	2841 Fowler Road	Ceres	California	95307	12,500,000.00	No	6.29500%	120	6/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	SMC	NAP	No	 	 	 	 	 	 	 	 	 
	19	 	348 13th Street	348 13th Street	Brooklyn	New York	11215	11,000,000.00	No	5.15000%	119	5/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	CREFI	NAP	No	 	 	 	 	 	 	 	 	 
	20	 	Arcadia Metro Center	630, 632, 638 and 650 West Duarte Road	Arcadia	California	91007	10,850,000.00	No	5.46500%	120	6/6/2032	0	0.00125%	0.04125%	NAP	0.00000%	SMC	NAP	No	 	 	 	 	 	 	 	 	 
	21	 	Fisher MHP Portfolio	Various	Various	Pennsylvania	Various	10,250,000.00	 	5.99900%	119	5/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	SMC	NAP	No	 	 	 	 	 	 	 	 	 
	21.01	 	Spring & Stone Manor	Spring Drive and Stone Manor Court	Martinsburg	Pennsylvania	16662	 	Yes - AE	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	21.02	 	Fountain House MHP	16311 State Highway 86	Saegertown	Pennsylvania	16433	 	No	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	21.03	 	Windsor Castle MHP	1 Allen Street	Hamburg	Pennsylvania	19526	 	No	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	22	 	25-28 Broadway	25-28 Broadway	Queens	New York	11106	10,000,000.00	No	4.71000%	119	5/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	SMC	NAP	No	 	 	 	 	 	 	 	 	 
	23	 	Hodge LA MHP Portfolio	Various	Various	Louisiana	Various	9,250,000.00	 	5.76000%	120	6/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	SMC	NAP	No	 	 	 	 	 	 	 	 	 
	23.01	 	Melanie Rose MHP	630 Brothers Road	Lafayette	Louisiana	70507	 	No	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	23.02	 	Sugar Ridge MHP	211 East Gloria Switch Road	Lafayette	Louisiana	70507	 	Yes - AE	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	23.03	 	Acadian Acres MHP	1410 Westgate Road	Lafayette	Louisiana	70506	 	Yes - AE	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	23.04	 	Twin Oaks MHP	14054 Highway 44	Gonzales	Louisiana	70737	 	Yes - A	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	23.05	 	Anita Park MHP	115 St. Barnabas Street	Broussard	Louisiana	70518	 	Yes - AE	 	 	 	 	 	 	 	 	SMC	 	 	 	 	 	 	 	 	 	 	 
	24	 	Valcour Industrial	8500 Valcour Avenue	St. Louis	Missouri	63123	9,170,000.00	No	5.55000%	120	6/6/2032	360	0.00125%	0.00125%	NAP	0.00000%	BMO	NAP	No	 	 	 	 	 	 	 	 	 
	25	 	360 Rosemary	360 South Rosemary Avenue	West Palm Beach	Florida	33401	8,000,000.00	No	3.95000%	116	2/6/2032	0	0.00125%	0.00000%	NAP	0.00125%	BMO	NAP	No	 	 	 	 	 	 	 	 	 
	26	 	111 River Street	111 River Street	Hoboken	New Jersey	07030	8,000,000.00	Yes - AE	3.28000%	56	2/6/2027	0	0.00125%	0.00000%	NAP	0.00125%	BMO	NAP	No	 	 	 	 	 	 	 	 	 
	27	 	2 Riverfront Plaza	826-836 McCarter Highway	Newark	New Jersey	07102	7,500,000.00	No	4.26000%	115	1/6/2032	0	0.00125%	0.00000%	NAP	0.00125%	BMO	NAP	No	 	 	 	 	 	 	 	 	 
	28	 	1267 1st Avenue & 4334 Katonah Avenue	Various	New York	New York	Various	7,250,000.00	 	5.65000%	119	5/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	CREFI	NAP	No	 	 	 	 	 	 	 	 	 
	28.01	 	1267 1st Avenue	1267 1st Avenue	New York	New York	10065	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	28.02	 	4334 Katonah Avenue	4334 Katonah Avenue	New York	New York	10470	 	No	 	 	 	 	 	 	 	 	CREFI	 	 	 	 	 	 	 	 	 	 	 
	29	 	Huntley Park Industrial	5040 West Tharpe Street	Tallahassee	Florida	32303	5,575,000.00	No	5.71000%	119	5/6/2032	0	0.00125%	0.00125%	NAP	0.00000%	CREFI	NAP	No	 	 	 	 	 	 	 	 	 
	30	 	9615 Spring Green Boulevard	9615 Spring Green Boulevard	Katy	Texas	77494	3,600,000.00	No	5.25000%	118	4/6/2032	0	0.00125%	0.00125%	0.04000%	0.00000%	SMC	NAP	No	 	 	 	 	 	 	 	 	 
	31	 	CityLine Midtown Self Storage	3429 Troost Avenue	Kansas City	Missouri	64109	2,730,000.00	No	5.21000%	119	5/6/2032	360	0.00125%	0.00125%	NAP	0.00000%	CREFI	NAP	No	 	 	 	 	 	 	 	 	 
	32	 	CVS Ashland Road	755 Ashland Road	Mansfield	Ohio	44905	2,020,666.94	No	5.28000%	118	4/6/2032	358	0.00125%	0.00125%	NAP	0.00000%	SMC	NAP	No	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

	 	(1)	Bank of Montreal, Citi Real Estate Funding Inc., and Starwood Mortgage Capital LLC are co-sponsors with respect to the Yorkshire & Lexington mortgage loan (9.5%), which mortgage loan is evidenced by three (3) promissory notes: (i) note A-4, with an outstanding principal balance of $20,000,000 as of the cut-off date, as to which Bank of Montreal is acting as mortgage loan seller; (ii) note A-9, with an outstanding principal balance of $20,000,000 as of the cut-off date, as to which Citi Real Estate Funding Inc. is acting as mortgage loan seller and (iii) note A-11, with an outstanding principal balance of $20,000,000 as of the cut-off date, as to which Starwood Mortgage Capital LLC is acting as mortgage loan seller. The Serviced Companion Loan Cut-Off Date Balance of $479,500,000 consists of (i) 15 senior pari passu promissory notes, with an aggregate outstanding principal balance of $258,000,000 as of the cut-off date, which are not assets of the Trust and (ii) the Trust Subordinate Companion Loan which is evidenced by 2 subordinate promissory notes: (a) note B-1, with an outstanding principal balance of $147,666,667 as of the cut-off date, which will be contributed to the Trust on the Closing Date by Bank of Montreal pursuant to the BMO Mortgage Loan Purchase Agreement and (b) note B-2, with an outstanding principal balance of $73,833,333 as of the cut-off date, which will be contributed to the Trust on the Closing Date by Citi Real Estate Funding Inc. pursuant to the CREFI Mortgage Loan Purchase Agreement.  The Trust Subordinate Companion Loan (with a Cut-Off Date Balance of $221,500,000) will be held by the Trust and will solely back the Loan-Specific Certificates (and will not be part of the pool of Mortgage Loans backing the Certificates).  The Servicing Fee Rate with respect to the Trust Subordinate Companion Loan is 0.00250% per annum.  
	 	 	 
	 	(2)	Citi Real Estate Funding Inc. and Bank of Montreal are co-sponsors with respect to the Bell Works mortgage loan (6.3%), which mortgage loan is evidenced by two (2) promissory notes: (i) note A-2-1, with an aggregate outstanding principal balance of $20,000,000 as of the cut-off date, as to which Citi Real Estate Funding Inc. is acting as mortgage loan seller and (ii) note A-4, with an aggregate outstanding principal balance of $20,000,000 as of the cut-off date, as to which Bank of Montreal is acting as mortgage loan seller.
	 	 	 
	 	(3)	The One Wilshire Loan Combination has an Anticipated Repayment Date of January 6, 2032 and a final maturity date of January 6, 2035. The initial interest rate for the One Wilshire Loan Combination is 2.77600% per annum. After the ARD, the interest rate will increase by 3.0% over the greater of (x) 2.77600% and (y) the term SOFR rate in effect on the ARD, pursuant to the One Wilshire Whole Loan documents.

 

 

    	 	 	 

     

    EXHIBIT C

FORM OF REQUEST FOR RELEASE

(for Certificate Administrator)

 

Loan Information:

Name of Mortgagor: __________________

Master Servicer Loan No.: __________________

Certificate Administrator: Computershare Trust Company, National Association

Address:               9062
Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services –
CGCMT 2022-GC48

Custodian Mortgage File No.: __________________

[Seller]

Name: __________________

Address: __________________

__________________

	 	Certificates:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48, Class [__]

The undersigned [Master Servicer][Special
Servicer][Outside Servicer][Outside Special Servicer] hereby requests delivery from Computershare Trust Company, National Association,
as Certificate Administrator, for the Holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates,
Series 2022-GC48, the documents referred to below (the “Documents”). All capitalized terms not otherwise defined in
this Request for Release shall have the meanings given them in the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling
and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors,
LLC, solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as
Operating Advisor and Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator,
and Wilmington Trust, National Association, as Trustee.

(  )Note
dated _________, _____, in the original principal sum of $_____, made by _______, payable to, or endorsed to the order of, the Trustee.

(  )Mortgage
recorded on ____________ as instrument no. ________ in the County Recorder’s Office of the County of _______________, State of _________________
in book/reel/docket ___________ of official records at page/image ________.

 

    	 	C-1	 

    

    (  )Deed
of trust recorded on __________ as instrument no. ________ in the County Recorder’s Office of the County of ____________, State
of _______ in book/reel/docket ____________ of official records at page/image.

(  )Assignment
of Mortgage or deed of trust to the Trustee, recorded on _____________ as instrument no. _______ in the County Recorder’s Office
of the County of _________, State of _______ in book/reel/docket __________ of official records at page/image _____________.

(  )Other
documents, including any amendments, assignments or other assumptions of the Note or Mortgage.

 

	 	( )	 	 

 

	 	( )	 	 

 

	 	( )	 	 

 

	 	( )	 	 

 

 

The undersigned [Master Servicer][Special
Servicer][Outside Servicer][Outside Special Servicer] hereby acknowledges and agrees as follows:

(i)                       
The undersigned [Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] shall hold and retain possession
of the Documents in trust for the benefit of the Trustee, solely for the purposes provided in the Agreement.

(ii)                       The
undersigned [Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] shall not cause or permit the Documents to
become subject to, or encumbered by, any claim, liens, security interest, charges, writs of attachment or other impositions nor shall
the undersigned [Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] assert or seek to assert any claims or
rights of set-off to or against the Documents or any proceeds thereof.

(iii)                      The
undersigned [Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] shall return the Documents to the Certificate
Administrator when the need therefor no longer exists, unless the [Mortgage Loan][Trust Subordinate Companion Loan] relating to the Documents
has been liquidated and the proceeds thereof have been remitted to the Collection Account and except as expressly provided in the Agreement.

(iv)                     The
Documents and any proceeds thereof, including any proceeds of proceeds, coming into the possession or control of the undersigned [Master
Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] shall at all times be earmarked for the account of the Trustee,
and the undersigned [Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] shall keep the Documents and any proceeds
separate and distinct from all other property in the undersigned [Master Servicer][Special Servicer][Outside Servicer][Outside Special
Servicer]’s possession, custody or control.

 

    	 	C-2	 

    

     

	 	[MASTER SERVICER/SPECIAL SERVICER] 
	 	 	[OUTSIDE SERVICER/ OUTSIDE
	 	 	SPECIAL SERVICER]
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:

Title:

Dated:

 

    	 	C-3	 

    

    EXHIBIT D

FORM OF DISTRIBUTION DATE STATEMENT

 

 

    	 	D-1	 

    

     

 

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

	Table of Contents
	Section	Pages
	Certificate Distribution Detail	2
	Certificate Factor Detail	3
	Certificate Interest Reconciliation Detail	4
	Additional Information	5
	Bond / Collateral Reconciliation - Cash Flows	6
	Bond / Collateral Reconciliation - Balances	7
	Current Mortgage Loan and Property Stratification	8-12
	Mortgage Loan Detail (Part 1)	13
	Mortgage Loan Detail (Part 2)	14
	Principal Prepayment Detail	15
	Historical Detail	16
	Delinquency Loan Detail	17
	Collateral Stratification and Historical Detail	18
	Specially Serviced Loan Detail - Part 1	19
	Specially Serviced Loan Detail - Part 2	20
	Modified Loan Detail	21
	Historical Liquidated Loan Detail	22
	Historical Bond / Collateral Loss Reconciliation Detail	23
	Interest Shortfall Detail - Collateral Level	24
	Supplemental Notes	25
	 	 
	 	 

	Contacts
	  Role	Party and Contact Information
	Depositor	Citigroup Commercial Mortgage Securities Inc.	 	 
	 	Raul D. Orozco	 	raul.d.orozco@citi.com
	 	388 Greenwich Street Trading | New York, NY 10013 | United States
	Certificate Administrator	Computershare Trust Company, N.A.	 	 
	 	Corporate Trust Services (CMBS)	 	cts.cmbs.bond.admin@wellsfargo.com; trustadministrationgroup@wellsfargo.com
	 	9062 Old Annapolis Road | Columbia, MD 21045 | United States
	Master Servicer	Midland Loan Services, a Division of PNC Bank, National Association	 	 
	 	Executive Vice President - Division Head	(913) 253-9000	askmidlandls.com
	 	10851 Mastin Street, Building 82, Suite 300 | Overland Park, KS 66210 | United States
	Special Servicer	Greystone Servicing Company LLC	 	 
	 	Lindsey Wright, Vice-President - Special Servicing	(972) 868-5329	 
	 	5221 N. O'Connor Blvd., Suite 800 | Irving, TX 75039 | United States
	Operating Advisor & Asset Representations Reviewer	Park Bridge Lender Services LLC	 	 
	 	CMBS Notices	 	cmbs.notices@parkbridgefinancial.com
	 	600 Third Avenue, 40th Floor | New York, NY 10016 | United States
	Trustee	Wilmington Trust, National Association	 	 
	 	Attention: CMBS Trustee	(302) 636-4140	CMBSTrustee@wilmingtontrust.com
	 	1100 North Market Street | Wilmington, DE 19890 | United States

	 	This report is compiled by Computershare Trust Company, N.A. from information provided by third parties. Computershare Trust Company,
N.A. has not independently confirmed the accuracy of the information
	 	Please visit www.ctslink.com for additional information and if applicable, any special notices and any credit risk retention notices.
In addition, certificate holders may register online for email notification when special notices are posted. For information or assistance
please call 866-846-4526.

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 2 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

	Certificate Distribution Detail
	Class	CUSIP	Pass-Through Rate (2)	 	Original Balance	Beginning Balance	Principal Distribution	Interest Distribution	Prepayment Penalties	Realized Losses	Total Distribution	Ending Balance	Current Credit Support1	Original Credit Support1
	Regular Certificates
	A-1	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	A-2	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	A-4	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	A-5	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	A-SB	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	A-S	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	B	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	C	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	D	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	E	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	F	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	G	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	H	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	VRR Interest	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	R	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	S	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00%	0.00%
	Regular SubTotal	 	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Notional Certificates
	X-A	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	X-D	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	X-F	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	X-G	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	X-H	 	0.000000%	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	Notional SubTotal	 	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Deal Distribution Total	 	 	 	0.00	0.00	0.00	0.00	0.00	 	 	 
	*	Denotes the Controlling Class (if required)
	(1)	Calculated by taking (A) the sum of the ending certificate balance of all classes in a series less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and dividing the result by (A).
	(2)	Pass-Through Rates with respect to any Class of Certificates on next month's Payment Date is expected to be the same as the current respective Pass-Through Rate, subject to any modifications on the underlying loans, any change in certificate or pool balance, any change in the underlying index (if and as applicable), and any other matters provided in the governing documents.

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 3 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

	Certificate Factor Detail
	Class	CUSIP	Beginning Balance	Principal Distribution	Interest Distribution	Interest Shortfalls / (Paybacks)	Cumulative Interest Shortfalls	Prepayment Penalties	Realized Losses	Total Distribution	Ending Balance
	Regular Certificates
	A-1	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	A-2	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	A-4	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	A-5	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	A-SB	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	A-S	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	B	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	C	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	D	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	E	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	F	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	G	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	H	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	VRR Interest	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	R	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	S	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	 	 	 	 	 	 	 	 	 	 	 
	Notional Certificates
	X-A	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-D	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-F	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-G	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	X-H	              	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000	0.00000000
	 	 	 	 	 	 	 	 	 	 	 

 

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	Page 4 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

	Certificate Interest Reconciliation Detail
	Class	Accrual Period	Accrual Days	Prior Cumulative Interest Shortfalls	Accrued Certificate Interest	Net Aggregate Prepayment Interest Shortfall	Distributable Certificate Interest	Interest Shortfalls / (Paybacks)	Payback of Prior Realized Losses	Additional Interest Distribution Amount	Interest Distribution	Cumulative Interest Shortfalls
	A-1	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	A-2	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	A-4	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	A-5	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	A-SB	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	X-A	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	A-S	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	B	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	C	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	X-D	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	X-F	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	X-G	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	X-H	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	D	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	E	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	F	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	G	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	H	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	VRR Interest	MM/DD/YY-MM/DD/YY	0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Totals	 	 	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	 

 

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	Page 5 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

Additional
Information

	 
	Total Available Distribution Amount (1)	0.00

		(1)	The
Available Distribution Amount includes any Prepayment Premiums.

 

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 6 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

Bond
/ Collateral Reconciliation - Cash Flows

 

	Total Funds Collected

	 	Interest
	 	 	Interest Paid or Advanced	0.00
	 	 	Interest Reductions due to Nonrecoverability Determination	0.00
	 	 	Interest Adjustments	0.00
	 	 	Deferred Interest	0.00
	 	 	ARD Interest	0.00
	 	 	Net Prepayment Interest Excess / (Shortfall)	0.00
	 	 	Extension Interest	0.00
	 	 	Interest Reserve Withdrawal	0.00
	 	 	Total Interest Collected	0.00

	 	Principal
	 	 	Scheduled Principal	0.00
	 	 	Unscheduled Principal Collections	 
	 	 	Principal Prepayments	0.00
	 	 	Collection of Principal after Maturity Date	0.00
	 	 	Recoveries From Liquidations and Insurance Proceeds	0.00
	 	 	Excess of Prior Principal Amounts Paid	0.00
	 	 	Curtailments	0.00
	 	 	Negative Amortization	0.00
	 	 	Principal Adjustments	0.00
	 	 	 	 
	 	 	 	 
	 	 	Total Principal Collected	0.00

	 	Other
	 	 	Prepayment Penalties / Yield Maintenance	0.00
	 	 	Gain on Sale / Excess Liquidation Proceeds	0.00
	 	 	Borrower Option Extension Fees	0.00
	 	 	Total Other Collected	0.00

 

	 	Total Funds Collected	0.00

	Total Funds Distributed

	 	Fees
	 	 	Master Servicing Fee	0.00
	 	 	Certificate Administrator Fee	0.00
	 	 	Trustee Fee	0.00
	 	 	CREFC® Intellectual Property Royalty License Fee	0.00
	 	 	Operating Advisor Fee	0.00
	 	 	Asset Representations Reviewer Fee	0.00
	 	 	 	 
	 	 	 	 
	 	 	Total Fees	0.00

	 	Expenses/Reimbursements
	 	 	Reimbursement for Interest on Advances	0.00
	 	 	ASER Amount	0.00
	 	 	Special Servicing Fees (Monthly)	0.00
	 	 	Special Servicing Fees (Liquidation)	0.00
	 	 	Special Servicing Fees (Work Out)	0.00
	 	 	Legal Fees	0.00
	 	 	Rating Agency Expenses	0.00
	 	 	Taxes Imposed on Trust Fund	0.00
	 	 	Non-Recoverable Advances	0.00
	 	 	Workout Delayed Reimbursement Amounts	0.00
	 	 	Other Expenses	0.00
	 	 	Total Expenses/Reimbursements	0.00

	 	Interest Reserve Deposit	0.00

	 	Payments to Certificateholders and Others
	 	 	Interest Distribution	0.00
	 	 	Principal Distribution	0.00
	 	 	Prepayment Penalties / Yield Maintenance	0.00
	 	 	Total Payments to Certificateholders and Others	0.00

 

	 	Total Funds Distributed	0.00

 

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	Page 7 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

Bond
/ Collateral Reconciliation - Balances 

	Collateral Reconciliation

	 	 	 	 	Total
	Beginning Scheduled Collateral Balance	0.00	 	 	0.00
	(-) Scheduled Principal Collections	0.00	 	 	0.00
	(-) Unscheduled Principal Collections	0.00	 	 	0.00
	(-) Principal Adjustments (Cash)	0.00	 	 	0.00
	(-) Principal Adjustments (Non-Cash)	0.00	 	 	0.00
	(-) Realized Losses from Collateral	0.00	 	 	0.00
	(-) Other Adjustments2	0.00	 	 	0.00
	 	 	 	 	 
	 Ending Scheduled Collateral Balance	0.00	 	 	0.00
	 Beginning Actual Collateral Balance	0.00	 	 	0.00
	 Ending Actual Collateral Balance	0.00	 	 	0.00

	Certificate Reconciliation

	 	Total
	Beginning Certificate Balance	0.00
	(-) Principal Distributions	0.00
	(-) Realized Losses	0.00
	 	Realized Loss and Realized Loss Adjustments on Collateral	0.00
	 	Current Period NRA1	0.00
	 	Current Period WODRA1	0.00
	 	Principal Used to Pay Interest	0.00
	 	Non-Cash Principal Adjustments	0.00
	 	Certificate Other Adjustments**	0.00
	Ending Certificate Balance	0.00

	NRA/WODRA Reconciliation
	 	Non-Recoverable Advances (NRA) from Principal	Workout Delayed Reimbursement of Advances (WODRA) from Principal
	Beginning Cumulative Advances	0.00	0.00
	Current Period Advances	0.00	0.00
	Ending Cumulative Advances	0.00	0.00
	 	 	 

	Under / Over Collateralization Reconciliation
	Beginning UC / (OC)	0.00
	UC / (OC) Change	0.00
	Ending UC / (OC)	0.00
	Net WAC Rate	0.00%
	UC / (OC) Interest	0.00

	(1)	Current Period NRA and WODRA displayed will represent the portion applied as Realized Losses to the bonds.
	(2)	Other Adjustments value will represent miscellaneous items that may impact the Scheduled Balance of the collateral.
	**	A negative value for Certificate Other Adjustments represents the payback of prior Principal Shortfalls, if any.

 

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	Page 8 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

Current
Mortgage Loan and Property Stratification

 

Aggregate
Pool

 

	Scheduled Balance
	
        Scheduled

        Balance

        	
        # Of

        Loans

        	
        Scheduled

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	Debt Service Coverage Ratio1
	
        Debt Service Coverage

        Ratio

        	
        # Of 

        Loans

        	
        Scheduled

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	(1)	Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases
the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering
document is used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and
the Certificate Administrator has not independently confirmed the accuracy of such information.
	(2)	Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment
Date, if applicable, and the Maturity Date.
	(3)	Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance
of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans
as reported in the CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property"
stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained
by loans that have been modified into a split loan structure. The "State" and "Property" stratification tables do not include the balance
of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure.
Rather, the scheduled balance for each state or property only reflects the balance of the senior note (sometimes called the A-piece) of
a loan that has been modified into a split-loan structure.

 

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	Page 9 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

Current
Mortgage Loan and Property Stratification

 

Aggregate
Pool

 

	State3
	State	
        # Of 

        Properties

        	
        Scheduled 

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	Property Type3
	Property Type	
        # Of

        Properties

        	
        Scheduled

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

Note: Please refer to footnotes on the next page
of the report.

 

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	Page 10 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

Current
Mortgage Loan and Property Stratification

 

Aggregate
Pool

 

	Note Rate
	Note Rate	
        # Of 

        Loans

        	
        Scheduled 

        Balance

        	
        % Of

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	Seasoning
	Seasoning	
        # Of

        Loans

        	
        Scheduled

        Balance

        	
        % Of

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	(1)	Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases
the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering
document is used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and
the Certificate Administrator has not independently confirmed the accuracy of such information.
	(2)	Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment
Date, if applicable, and the Maturity Date.
	(3)	Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance
of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans
as reported in the CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property"
stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained
by loans that have been modified into a split loan structure. The "State" and "Property" stratification tables do not include the balance
of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure.
Rather, the scheduled balance for each state or property only reflects the balance of the senior note (sometimes called the A-piece) of
a loan that has been modified into a split-loan structure.

 

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	Page 11 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

Current
Mortgage Loan and Property Stratification

 

Aggregate
Pool

  

	Anticipated Remaining Term (ARD and Balloon Loans)
	
        Anticipated

        Remaining Term

        	
        # Of

        Loans

        	
        Scheduled 

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	Remaining Amortization Term (ARD and Balloon Loans)
	
        Remaining

        Amortization Term

        	
        # Of

        Loans

        	
        Scheduled 

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	(1)	Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases
the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering
document is used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and
the Certificate Administrator has not independently confirmed the accuracy of such information.
	(2)	Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment
Date, if applicable, and the Maturity Date.
	(3)	Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance
of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans
as reported in the CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property"
stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained
by loans that have been modified into a split loan structure. The "State" and "Property" stratification tables do not include the balance
of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure.
Rather, the scheduled balance for each state or property only reflects the balance of the senior note (sometimes called the A-piece) of
a loan that has been modified into a split-loan structure.

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 12 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

Current
Mortgage Loan and Property Stratification

 

Aggregate
Pool

  

	Age of Most Recent NOI
	
        Age of Most

        Recent NOI

        	
        # Of

        Loans

        	
        Scheduled 

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	Remaining Stated Term (Fully Amortizing Loans)
	
        Age of Most

        Recent NOI

        	
        # Of

        Loans

        	
        Scheduled 

        Balance

        	
        % Of 

        Agg. Bal.

        	WAM2	WAC	Weighted Avg DSCR1
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 

	(1)	Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases
the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering
document is used. The debt service coverage ratio information was provided to the Certificate Administrator by the Master Servicer and
the Certificate Administrator has not independently confirmed the accuracy of such information.
	(2)	Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment
Date, if applicable, and the Maturity Date.
	(3)	Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut Off Date Balance
of each property as disclosed in the offering document. The Scheduled Balance Totals reflect the aggregate balances of all pooled loans
as reported in the CREFC Loan Periodic Update File. To the extent that the Scheduled Balance Total figure for the "State" and "Property"
stratification tables is not equal to the sum of the scheduled balance figures for each state or property, the difference is explained
by loans that have been modified into a split loan structure. The "State" and "Property" stratification tables do not include the balance
of the subordinate note (sometimes called the B-piece or a "hope note") of a loan that has been modified into a split-loan structure.
Rather, the scheduled balance for each state or property only reflects the balance of the senior note (sometimes called the A-piece) of
a loan that has been modified into a split-loan structure.

 

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	Page 13 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

	Mortgage Loan Detail (Part 1)

                                                                     

	Pros ID 	Loan ID	Loan Group	Prop Type (1)	City 	State	Interest Accrual Type	Gross Rate	Scheduled Interest	Scheduled Principal	Principal

Adjustments	Anticipated Repay Date	Original Maturity Date	Adjusted Maturity Date	Beginning Scheduled Balance	Ending Scheduled Balance	Paid Through Date
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	1
    Property Type Codes
	 	 	HC
    - Health Care	MU
    - Mixed Use	WH
    - Warehouse	MF
    - Multi-Family
	 	 	SS
    - Self Storage	LO
    - Lodging	RT
    - Retail	SF
    - Single Family Rental
	 	 	98
    - Other	IN
    - Industrial	OF
    - Office	MH
    - Mobile Home Park
	 	 	SE
    - Securities	CH
    - Cooperative Housing	ZZ
    - Missing Information/Undefined	 

 

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	Page 14 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

	Mortgage
    Loan Detail (Part 2)
	 
	Pros ID 	Loan Group	Most Recent Fiscal NOI	Most Recent NOI	Most Recent NOI Start Date	Most Recent NOI End Date	Appraisal Reduction Date	Appraisal Reduction Amount	Cumulative ASER	Current P&I Advances	Cumulative P&I Advances	Cumulative Servicer Advances	Current NRA/WODRA from Principal	Defease Status
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 15 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

	Principal
    Prepayment Detail
	 
	 	 	 	Unscheduled Principal 	Prepayment Premiums
	Pros ID	Loan Number	Loan

Group	Amount	 	Prepayment / Liquidation Code	Prepayment Premium Amount	Yield Maintenance Amount
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 
	 

	 	Note: Principal Prepayment Amount listed here may include Principal Adjustment Amounts on the loan in addition to the Unscheduled Principal Amount.

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 16 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

	Historical
    Detail
	 
	 	Delinquencies1	Prepayments	Rate and Maturities
	 	30-59 Days	60-89 Days	90 Days or More	Foreclosure	REO	Modifications	Curtailments	Payoff	Next Weighted Avg.	 
	Distribution Date	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance	#	Balance	#	Amount	#	Amount	Coupon	Remit	WAM1
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 

		(1)	Foreclosure
and REO Totals are included in the delinquencies aging categories.

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 17 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

	Delinquency
    Loan Detail
	 
	Pros ID	Loan ID	Paid Through Date	Months Delinquent	Mortgage

Loan

Status1	Current P&I Advances	Outstanding P&I Advances	
        Outstanding 

        Servicer

        Advances

        	Actual Principal Balance	
        Servicing 

        Transfer

        Date

        	Resolution

Strategy

Code2	Bankruptcy Date	Foreclosure Date	REO Date
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	1 Mortgage Loan Status
	 	 	A
    - Payment Not Received But Still in Grace Period	0
    - Current	4
    - Performing Matured Balloon
	 	 	B -
    Late Payment But Less Than 30 days  Delinquent	1 -
    30-59 Days Delinquent	5 -
    Non Performing Matured Balloon
	 	 	 	2 -
    60-89 Days Delinquent	6 -
    121+ Days Delinquent
	 	 	 	3 -
    90-120 Days Delinquent	 
	 	 	 	 	 

	 	2 Resolution Strategy Code
	 	 	1
    - Modification	6
    - DPO	10
    - Deed in Lieu of Foreclosures
	 	 	2 -
    Foreclosure	7 -
    REO	11-
    Full Payoff
	 	 	3 -
    Bankruptcy	8 -
    Resolved	12
    - Reps and Warranties
	 	 	4 -
    Extension	9 -
    Pending Return to Master Servicer	13
    -  TBD
	 	 	5 -
    Note Sale	98
    - Other	 

	 	     Note: Outstanding P & I Advances include the current period advance.

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 18 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

Collateral
Stratification and Historical Detail

 

	Maturity Dates and Loan Status1

 

	 	Total	Performing	Non-Performing	REO/Foreclosure
	 			
	Past Maturity	0	0	0	0
	0 - 6 Months	0	0	0	0
	7 - 12 Months	0	0	0	0
	13 - 24 Months	0	0	0	0
	25 - 36 Months	0	0	0	0
	37 - 48 Months	0	0	0	0
	49 - 60 Months	0	0	0	0
	> 60 Months	0	0	0	0

 

	Historical Delinquency Information

 

	 	Total	Current	30-59 Days	60-89 Days	90+ Days	REO/Foreclosure
	 					
	Jul-22	0	0	0	0	0	0
	Jun-22	0	0	0	0	0	0
	May-22	0	0	0	0	0	0
	Apr-22	0	0	0	0	0	0
	Mar-22	0	0	0	0	0	0
	Feb-22	0	0	0	0	0	0
	Jan-22	0	0	0	0	0	0
	Dec-21	0	0	0	0	0	0
	Nov-21	0	0	0	0	0	0
	Oct-21	0	0	0	0	0	0
	Sep-21	0	0	0	0	0	0
	Aug-21	0	0	0	0	0	0

	(1)	Maturity dates used in this chart are based on the dates provided by the Master Servicer in the Loan Periodic File.

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 19 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

	Specially
    Serviced Loan Detail - Part 1
	 
	Pros ID	Loan ID	Ending Scheduled Balance	Actual Balance	Appraisal Value	Appraisal Date	Net Operating Income	DSCR	DSCR Date	Maturity Date	
        Remaining

        Amort Term

        
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 	 	 	 
	 

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 20 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

	Specially
    Serviced Loan Detail - Part 2
	 
	Pros ID	Loan ID	Property Type1	State	
        Servicing

        Transfer

        Date

        	Resolution Strategy Code2	Special Servicing Comments
	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 
	 	 
	 

	 	1 Property Type Codes
	 	 	HC - Health Care	MU - Mixed Use	WH - Warehouse
	 	 	MF - Multi-Family	SS - Self Storage	LO - Lodging
	 	 	RT - Retail	SF - Single Family Rental	98 - Other
	 	 	IN - Industrial	OF - Office	MH - Mobile Home Park
	 	 	SE - Securities	CH - Cooperative Housing	ZZ - Missing Information/Undefined

	 	2 Resolution Strategy Code
	 	 	1 - Modification	6 - DPO	10 - Deed in Lieu of Foreclosures
	 	 	2 - Foreclosure	7 - REO	11- Full Payoff
	 	 	3 - Bankruptcy	8 - Resolved	12 - Reps and Warranties
	 	 	4 - Extension	9 - Pending Return to Master Servicer	13 -  TBD
	 	 	5 - Note Sale	98 - Other	 

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 21 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

Modified
Loan Detail

 

	 	 	 	Pre-Modification	Post-Modification	Modification 	Modification Booking 	Modification Closing 	Modification Effective 
	Pros ID	Loan Number	 	Balance	Rate	Balance	Rate	
        

        Code1

        	
        

        Date

        	
        

        Date

        	
        

        Date

        
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	Totals	 	 	 	 	 	 	 	 	 	 
	 

	1 Modification Codes
	 	1 - Maturity Date Extension	5 - Temporary Rate Reduction	8 - Other	 
	 	2 - Amortization Change	6 - Capitalization on Interest	9 - Combination	 
	 	3 - Principal Write-Off	7 - Capitalization on Taxes	10 - Forbearance	 
	 	 	 	 	 

	 	Note: Please refer to Servicer Reports for modification comments.

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 22 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

	Historical
    Liquidated Loan Detail
	 
	Pros ID1	
        Loan

        Number

        	Dist.Date	
        Loan

        Beginning

        Scheduled

        Balance

        	
        Most Recent

        Appraised

        Value or BPO

        	
        Gross Sales

        Proceeds or

        Other

        Proceeds

        	
        Fees,

        Advances,

        and Expenses

        	
        Net Proceeds

        Received on

        Liquidation

        	
        Net Proceeds

        Available for

        Distribution

        	
        Realized Loss

        to Loan

        	
        Current 

        Period

        Adjustment to

        Loan

        	
        Cumulative

        Adjustment to

        Loan

        	
        Loss to Loan

        with

        Cumulative

        Adjustment

        	
        Percent of

        Original

        Loan

        Balance

        
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	Current Period Totals	 	 	 	 	 	 	 	 	 	 	 
	Cumulative Totals	 	 	 	 	 	 	 	 	 	 	 

 

	 	Note: Fees, Advances and Expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.).

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 23 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

	 	 	Historical
    Bond / Collateral Loss Reconciliation Detail	 
	 	 	 	 
	Pros ID	
        Loan

        Number

        	Distribution Date	
        Certificate 

        Interest Paid

        from Collateral

        Principal

        Collections

        	
        Reimb of Prior

        Realized Losses

        from Collateral

        Interest

        Collections

        	
        Aggregate

        Realized Loss to

        Loan

        	
        Loss Covered by

        Credit

        Support/Deal

        Structure

        	
        Loss Applied to

        Certificate

        Interest Payment

        	
        Loss Applied to

        Certificate

        Balance

        	
        Non-Cash 

        Principal

        Adjustment

        	
        Realized Losses

        from

        NRA/WODRA

        	
        Total Loss 

        Applied to

        Certificate

        Balance

        
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Current Period Totals	 	 	 	 	 	 	 	 	 	 
	Cumulative Totals	 	 	 	 	 	 	 	 	 	 
	 	 

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 24 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

Interest Shortfall
Detail - Collateral Level

 

	Pros ID	
        Interest

        Adjustments

        	
        Deferred

        Interest

        Collected

        	Special Servicing Fees	ASER	PPIS /  (PPIE)	
        Non-

        Recoverable

        Interest

        	
        Interest on

        Advances

        	
        Reimbursement of 

        Advances from

        Interest

        	
        Other

        Shortfalls /

        (Refunds)

        	
        Modified

        Interest

        Reduction /

        (Excess)

        
	Monthly	Liquidation	Work Out
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Note: Interest Adjustments listed for each loan do not include amounts that were used to adjust the Weighted Average Net Rate of the mortgage loans.	Collateral Shortfall Total	0.00

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 25 of 25

     

    

 

	Distribution
    Date:	07/15/22	Citigroup Commercial Mortgage Trust 2022-GC48	
	Determination
    Date:	07/11/22
	Record
    Date:	06/30/22	Commercial Mortgage Pass-Through Certificates
			Series 2022-GC48
	 	 	 	 

 

Supplemental
Notes

 

	None

 

    	© 2021 Computershare. All rights reserved. Confidential.
	Page 26 of 25

     

    

 

EXHIBIT E

FORM OF TRANSFER CERTIFICATE

FOR RULE 144A GLOBAL CERTIFICATE

TO TEMPORARY REGULATION S GLOBAL CERTIFICATE

(Exchanges or transfers pursuant to

Section 5.03(c) of the Pooling and Servicing Agreement)

Computershare Trust Company, National Association,

               as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
                                            Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup
Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer,
Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating
Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling
and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]) with the
Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested an exchange
or transfer of such beneficial interest for a beneficial interest in the Temporary Regulation S Global Certificate of such Class
(CINS No. [______] and ISIN No. [______]) to be held with the Depository in the name of [Euroclear] [Clearstream]*
(Common Code No. [______]).

In connection with such request
and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in compliance with
the transfer restrictions set forth in the Pooling and Servicing Agreement and pursuant to and in accordance with Regulation S (“Regulation S”)
under the Securities Act of 1933, as amended (the “Securities Act”), and accordingly the Transferor does hereby certify
that:

 

*
       Select appropriate depository.

 

    	 	E-1	 

    

    

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S);

[(2)      at the time the buy
order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed
and believes that the transferee was outside the United States;]**

[(2)      the transaction was
executed in, on or through the facilities of a “designated offshore securities market” (as defined in Regulation S) and neither
the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;]**

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule 903(b)
or 904(b) of Regulation S, as applicable;

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

(5)       the
transferee is an institution.

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Asset Representations Reviewer, Certificate Administrator,
Master Servicer, Special Servicer, the Initial Purchasers and the Underwriters.

 

	 	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

Dated: _______

cc: Citigroup Commercial Mortgage Securities Inc.

 

 

**        Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

 

    	 	E-2	 

    

    

EXHIBIT F

FORM OF TRANSFER CERTIFICATE

FOR RULE 144A GLOBAL CERTIFICATE

TO REGULATION S GLOBAL CERTIFICATE

(Exchange or transfers pursuant to

Section 5.03(d) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

               as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
                                            Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup
Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer,
Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating
Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling
and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]) with the
Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested an exchange
or transfer of such beneficial interest for a beneficial interest in the Regulation S Global Certificate of such Class (CINS No.
[______], ISIN No. [______], and Common Code No. [______]).

In connection with such request
and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in compliance with
the transfer restrictions set forth in the Pooling and Servicing Agreement and, (i) with respect to transfers made in reliance on
Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities Act”),
the Transferor does hereby certify that:

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S),

    	 	F-1	 

    

    

[(2)      at the time the buy
order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed
and believes that the transferee was outside the United States,]*

[(2)      the transaction was
executed in, on or through the facilities of a “designated offshore securities market” (as defined in Regulation S) and neither
the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States,] *

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule 903(b)
or 904(b) of Regulation S, as applicable,

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

(5)       the
transferee is an institution.

or (ii) with respect to transfers made
in reliance on Rule 144 under the Securities Act, the Transferor does hereby certify that the Certificates are being transferred in a
transaction permitted by Rule 144 under the Securities Act.**

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Asset Representations Reviewer, Certificate Administrator,
Master Servicer, Special Servicer, the Initial Purchasers and the Underwriters.

	 	 	 
	 	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

Dated: ________

cc: Citigroup Commercial Mortgage Securities Inc.

 

 

*        Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

**
     Select (i) or (ii), as applicable.

    	 	F-2	 

    

    

EXHIBIT G

FORM OF TRANSFER CERTIFICATE

FOR TEMPORARY REGULATION S GLOBAL CERTIFICATE

TO RULE 144A GLOBAL CERTIFICATE DURING RESTRICTED PERIOD

(Exchange or transfers pursuant to

Section 5.03(e) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

               as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
                                            Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup
Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer,
Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating
Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling
and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Temporary Regulation S Global Certificate of such Class (CINS No. [______]
and ISIN No. [______]) with [Euroclear] [Clearstream]* (Common Code [______]) through
the Depository in the name of [insert name of transferor] (the “Transferor”). The Transferor has requested an exchange
or transfer of such beneficial interest for a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]).

In connection with such request,
and in respect of such Certificates, the Transferor does hereby certify that such Certificates are being exchanged or transferred in accordance
with Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended (the “Securities Act”),
to a transferee that the Transferor reasonably believes is purchasing the Certificates for its own account, or for one or more accounts
with respect to which the transferee exercises sole investment discretion, and the transferee and any such account is a “qualified
institutional buyer”

 

 

*
       Select appropriate depository.

    	 	G-1	 

    

    

within the meaning of Rule 144A in each
case in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any state of
the United States or other applicable jurisdiction.

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Asset Representations Reviewer, Certificate Administrator,
Master Servicer, Special Servicer, the Initial Purchasers and the Underwriters.

	 	 	 
	 	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

Dated: _______

cc: Citigroup Commercial Mortgage Securities Inc.

    	 	G-2	 

    

    

EXHIBIT H

FORM OF CERTIFICATION TO BE GIVEN BY

CERTIFICATE OWNER OF TEMPORARY

REGULATION S GLOBAL CERTIFICATE

(Exchanges pursuant to

Section 5.03(f) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

               as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
                                            Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup
Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer,
Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating
Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling
and Servicing Agreement.

[For purposes of acquiring
a beneficial interest in a Regulation S Global Certificate of the Class specified above after the expiration of the Restricted Period,]
[For purposes of receiving payments under a Temporary Regulation S Global Certificate of the Class specified above,]*
the undersigned holder of a beneficial interest in a Temporary Regulation S Global Certificate of the Class specified above issued
under the Pooling and Servicing Agreement certifies that it is an institution that is not a “U.S. person” as defined by Regulation S
under the Securities Act of 1933, as amended.

We undertake to advise you
promptly by facsimile on or prior to the date on which you intend to submit your corresponding certification relating to the Global Certificates
of the Class specified above held by you for our account if any applicable statement herein is not correct on such date, and in the absence
of any such notification it may be assumed that this certification applies as of such date.

 

 

*
       Select, as applicable.

    	 	H-1	 

    

    

We understand that this certificate
is required in connection with certain securities laws of the United States. In connection therewith, if administrative or legal proceedings
are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate and the statements contained herein are made for your benefit
and the benefit of the Depositor, Trustee, Operating Advisor, Asset Representations Reviewer, Certificate Administrator, Master Servicer,
Special Servicer, the Initial Purchasers and the Underwriters.

	 	 	 
	 	 	 
	 	Dated:_______________

		By:	 
	 	 	as, or as agent for, the holder of a beneficial interest in the Certificates to which this certificate relates.

 

 

    	 	H-2	 

    

    

 

EXHIBIT I

FORM OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO TEMPORARY REGULATION S GLOBAL CERTIFICATE

(Exchanges or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

               as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
                                            Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup
Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer,
Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating
Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling
and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates for a
beneficial interest in the Temporary Regulation S Global Certificate of such Class (CINS No. [______] and ISIN No. [______]) to be held
with [Euroclear] [Clearstream]* (Common Code [______]) through the Depository.

In connection with such request,
and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in compliance with
the transfer restrictions set forth in the Pooling and Servicing Agreement and pursuant to and in accordance with Regulation S (“Regulation S”)
under the Securities Act of 1933, as amended (the “Securities Act”), and accordingly the Transferor does hereby certify
that:

 

 

*
       Select appropriate depository.

 

    	 	I-1	 

    

    

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S);

[(2)     at the time the buy
order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed
and believes that the transferee was outside the United States;]**

[(2)      the transaction was
executed in, on or through the facilities of a “designated offshore securities market” (as defined in Regulation S) and neither
the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;] **

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule 903(b)
or 904(b) of Regulation S, as applicable;

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

(5)       the
transferee is an institution.

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Asset Representations Reviewer, Certificate Administrator,
Master Servicer, Special Servicer, the Initial Purchasers and the Underwriters.

	 	 	 
	 	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

Dated: ________

cc: Citigroup Commercial Mortgage Securities Inc.

 

 

**        Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

    	 	I-2	 

    

    

EXHIBIT J

FORM OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO REGULATION S GLOBAL CERTIFICATE

(Exchange or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

               as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
                                            Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup
Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer,
Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating
Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling
and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates for a
beneficial interest in the Regulation S Global Certificate (CINS No. [______], ISIN No. [______], and Common Code No. [______]).

In connection with such request,
and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer has been made in compliance with
the transfer restrictions set forth in the Pooling and Servicing Agreement and pursuant to and in accordance with Regulation S (“Regulation S”)
under the Securities Act of 1933, as amended (the “Securities Act”), and accordingly the Transferor does hereby certify
that:

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S);

    	 	J-1	 

    

    

[(2)     at the time the buy
order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed
and believes that the transferee was outside the United States;]*

[(2)      the transaction was
executed in, on or through the facilities of a “designated offshore securities market” (as defined in Regulation S) and neither
the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States;] *

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule 903(b)
or 904(b) of Regulation S, as applicable;

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

(5)       the
transferee is an institution.

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Asset Representations Reviewer, Certificate Administrator,
Master Servicer, Special Servicer, the Initial Purchasers and the Underwriters.

	 	 	 
	 	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

Dated: _______

cc: Citigroup Commercial Mortgage Securities Inc.

 

 

*        Insert
one of these two provisions, which come from the definition of “offshore transaction” in Regulation S.

    	 	J-2	 

    

    

EXHIBIT K

FORM OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE

TO RULE 144A GLOBAL CERTIFICATE

(Exchange or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

 

Computershare Trust Company, National Association,

               as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
                                            Class [__]

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup
Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer,
Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating
Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling
and Servicing Agreement.

This letter relates to US
$[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such beneficial interest for a beneficial
interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]).

In connection with such request,
and in respect of such Certificates, the Transferor does hereby certify that such Certificates are being exchanged or transferred in accordance
with Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended (the “Securities Act”),
to a transferee that the Transferor reasonably believes is purchasing the Certificates for its own account, or for one or more accounts
with respect to which the transferee exercises sole investment discretion, and the transferee and any such account is a “qualified
institutional buyer” within the meaning of Rule 144A, in each case in a transaction meeting the requirements of Rule 144A
and in accordance with any applicable securities laws of any state of the United States or other applicable jurisdiction.

    	 	K-1	 

    

    

We understand that this
certificate is required in connection with certain securities laws of the United States. In connection therewith, if administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate to any interested party in such proceeding. This certificate and the statements contained herein are
made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Asset Representations Reviewer, Certificate Administrator,
Master Servicer, Special Servicer, the Initial Purchasers and the Underwriters.

	 	 	 
	 	 	 
	 	[Insert Name of Transferor]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

Dated: _______

cc: Citigroup Commercial Mortgage Securities Inc.

 

    	 	K-2	 

    

    

EXHIBIT L-1

FORM OF AFFIDAVIT PURSUANT TO

SECTIONS 860D(a)(6)(A) AND 860E(e)(4) OF

THE INTERNAL REVENUE CODE OF 1986, AS AMENDED

 

Computershare Trust Company, National Association,

               as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

 

[Transferor]

[______]

[______]

Attention: [______]

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48
                                            (the “Certificates”)
                                            issued pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling
                                            and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc.,
                                            as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master
                                            Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
                                            Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
                                            Reviewer, Computershare Trust Company, National Association, as Certificate Administrator,
                                            and Wilmington Trust, National Association, as Trustee.

	STATE OF 	)	 
	 	)     	ss.:
	COUNTY OF           	)	 

Capitalized terms not defined
herein shall have the meaning ascribed to them in the Pooling and Servicing Agreement.

I, [______], under penalties
of perjury, declare that, to the best of my knowledge and belief, the following representations are true, correct and complete, and being
first sworn, depose and say that:

1.          I
am a [______] of [______] (the “Purchaser”), on behalf
of which I have the authority to make this affidavit.

2.          The
Purchaser is acquiring Class R Certificates representing [__]% of the residual interest in each of three real estate mortgage investment
conduits (each, a “Trust

    	 	L-1-1	 

    

    

REMIC”) designated as the “Trust
Subordinate Companion Loan REMIC”, the “Lower Tier REMIC”,  and the “Upper Tier REMIC”,
respectively, relating to the Certificates for which an election is to be made under Section 860D of the Internal Revenue Code of 1986
(the “Code”).

3.       The
Purchaser is not a “Disqualified Organization” (as
defined below), and that the Purchaser is not acquiring the Class R Certificates for the account of, or as agent or nominee of, or with
a view to the transfer of direct or indirect record or beneficial ownership thereof, to a Disqualified Organization. For the purposes
hereof, a Disqualified Organization is any of the following: (i) the United States, a State or any political subdivision of a State,
any possession of the United States or any agency or instrumentality of any of the foregoing (other than an instrumentality that is a
corporation if all of its activities are subject to tax and, except for the Federal Home Loan Mortgage Corporation, a majority of its
board of directors is not selected by any such governmental unit), (ii) a foreign government, International Organization or agency
or instrumentality of either of the foregoing, (iii) an organization that is exempt from tax imposed by Chapter 1 of the Code (including
the tax imposed by Code Section 511 on unrelated business taxable income) on any excess inclusions (as defined in Code Section 860E(c)(1))
with respect to the Class R Certificates (except certain farmers’ cooperatives described in Code Section 521), (iv) rural electric
and telephone cooperatives described in Code Section 1381(a)(2) or (v) any other Person so designated by the Certificate Registrar
based upon an opinion of counsel to the effect that any transfer to such Person may cause any Trust REMIC to be subject to tax or to fail
to qualify as a REMIC at any time that the Certificates are outstanding. The terms “United
States”, “State” and “international
organization” shall have the meanings set forth in Section 7701 of the Code.

4.       The
Purchaser acknowledges that Section 860E(e) of the Code would impose a substantial tax on the transferor or, in certain circumstances,
on an agent for the transferee, with respect to any transfer of any interest in any Class R Certificates to a Disqualified Organization.

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

6.       No
purpose of the acquisition of the Class R Certificates is to impede the assessment or collection of tax.

    	 	L-1-2	 

    

    

7.       The
Purchaser will not cause income from the Class R Certificate to be attributable to a foreign permanent establishment or fixed base, within
the meaning of an applicable income tax treaty, of the Purchaser or any other U.S. Tax Person.

8.       Check
the applicable paragraph:

☐            The present value
of the anticipated tax liabilities associated with holding the Class R Certificate, as applicable, does not exceed the sum of:

(i)       the
present value of any consideration given to the Purchaser to acquire such Class R Certificate;

(ii)      the
present value of the expected future distributions on such Class R Certificate; and

(iii)     the
present value of the anticipated tax savings associated with holding such Class R Certificate as the related REMIC generates losses.

For purposes of this calculation,
(i) the Purchaser is assumed to pay tax at the highest rate currently specified in Section 11(b) of the Code (but the tax rate
in Section 55(b)(1)(B) of the Code (as in effect for tax years beginning on or before December 31, 2017) may be used in lieu
of the highest rate specified in Section 11(b) of the Code if the Purchaser has been subject to the alternative minimum tax under
Section 55 of the Code in the preceding two years and will compute its taxable income in the current taxable year using the alternative
minimum tax rate) and (ii) present values are computed using a discount rate equal to the short-term Federal rate prescribed
by Section 1274(d) of the Code for the month of the transfer and the compounding period used by the Purchaser.

☐        The transfer
of the Class R Certificate complies with U.S. Treasury Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly,

(i)       the
Purchaser is an “eligible corporation”, as defined in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i), as to which income
from the Class R Certificate will only be taxed in the United States;

(ii)      at
the time of the transfer, and at the close of the Purchaser’s two fiscal years preceding the year of the transfer, the Purchaser
had gross assets for financial reporting purposes (excluding any obligation of a Person related to the Purchaser within the meaning of
U.S. Treasury Regulations Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets in excess of $10 million;

(iii)     the
Purchaser will transfer the Class R Certificate only to another “eligible corporation,” as defined in Treasury Regulations
Section 1.860E-1(c)(6)(i), in a transaction that satisfies the requirements of Treasury Regulations Sections 1.860E-1(c)(4)(i), (ii) and
(iii) and Treasury Regulations Section 1.860E-1(c)(5); and

(iv)      the
Purchaser determined the consideration paid to it to acquire the Class R Certificate based on reasonable market assumptions (including,
but not limited to, borrowing

    	 	L-1-3	 

    

    

and investment rates, prepayment and loss assumptions,
expense and reinvestment assumptions, tax rates and other factors specific to the Purchaser) that it has determined in good faith.

☐        None of the above.

9.       The
Purchaser historically has paid its debts as they have come due and intends to pay its debts as they come due in the future and the Purchaser
intends to pay taxes associated with holding the Class R Certificates as they become due.

10.       The
Purchaser understands that it may incur tax liabilities with respect to the Class R Certificate in excess of any cash flows generated
by such Certificate.

11.       The
Purchaser is aware that the Certificate Registrar will not register any transfer of a Class R Certificate by the Transferor unless the
Purchaser, or such Purchaser’s agent, delivers to the Certificate Registrar, among other things, an affidavit and agreement in substantially
the same form as this affidavit and agreement. The Purchaser expressly agrees that it will not consummate any such transfer to any Person
that does not provide an affidavit and agreement in substantially the same form as this affidavit and agreement or as to which the Purchaser
has actual knowledge that such Person is not a Permitted Transferee or is acting as an agent (including a broker, nominee or other middleman)
for a Person that is not a Permitted Transferee.

12.       The
Purchaser represents that it is not acquiring the Class R Certificate as a nominee, trustee or agent for any Person that is not a Permitted
Transferee and that for so long as it retains its interest in the Class R Certificate, it will endeavor to remain a Permitted Transferee.

13.       The
Purchaser consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel to constitute
a reasonable arrangement to ensure that the Class R Certificate will only be owned, directly or indirectly, by a Permitted Transferee.

14.      The
Purchaser has reviewed the provisions of Section 5.03 of the Pooling and Servicing Agreement, a description of which provisions is
set forth in the Class R Certificates; and the Purchaser expressly agrees to be bound by and to comply with such provisions.

15.      The
Purchaser consents (a) to the designation of the Certificate Administrator as the “partnership representative” within the
meaning of Code Section 6223 (to the extent such provision is applicable to the Trust REMICs) of each Trust REMIC pursuant to Section
4.04(a) of the Pooling and Servicing Agreement and (b) to the Certificate Administrator making any elections allowed to avoid (i) the
application of Code Section 6221 to the Trust REMIC and (ii) payment by the Trust REMIC under Code Section 6225 of any tax, penalty, interest
or other amount imposed under the Code that would otherwise be imposed on the holders of the Class R Certificates.

Capitalized terms used but
not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

    	 	L-1-4	 

    

    

IN WITNESS WHEREOF, the
Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized officer this ___day of _________, 20__.

	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

On this ____ day of _______20__,
before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned and sworn, personally appeared
______________________ and ________________________, known or proved to me to be the same persons who executed the foregoing instrument
and to be _____________________________ and ___________________________, respectively, of the Purchaser, and acknowledged to me that
they executed the same as their respective free acts and deeds and as the free act and deed of the Purchaser.

	 	 
	 	NOTARY PUBLIC in and for the

State of _______________

 

	[SEAL]	 

 

My Commission expires: 

 

 

 

 

    	 	L-1-5	 

    

    

EXHIBIT L-2A

FORM OF TRANSFEROR LETTER for
transfer of class r certificates

[Date]

Computershare Trust Company, National Association,

               as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

 

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
                                            Class R

Ladies and Gentlemen:

This letter is delivered
to you in connection with the transfer by [______] (the “Transferor”)
to [______] (the “Transferee”) of Class R Certificates
evidencing a [__]% Percentage Interest in such Class (the “Residual
Certificates”). The Certificates, including the Residual Certificates, were issued pursuant to the Pooling and Servicing
Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup Commercial Mortgage
Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Greystone Servicing
Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as
Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust,
National Association, as Trustee. All capitalized terms used but not otherwise defined herein shall have the respective meanings set forth
in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you, as Certificate Registrar, that:

(1)       No
purpose of the Transferor relating to the transfer of the Residual Certificates by the Transferor to the Transferee is or will be to impede
the assessment or collection of any tax.

(2)       The
Transferor understands that the Transferee has delivered to you a Transfer Affidavit and Agreement in the form attached to the Pooling
and Servicing Agreement as Exhibit L-1. The Transferor has no actual knowledge that the Transferee is not a Permitted Transferee (as defined
in such Transfer Affidavit and Agreement) and has no actual knowledge or reason to know that the Transferee’s representations in
clause (9) of such Transfer Affidavit and Agreement are false.

(3)       The
Transferor has at the time of this transfer conducted a reasonable investigation of the financial condition of the Transferee as contemplated
by Treasury regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Transferor has determined that
the Transferee has historically paid its debts as they became due and has found no significant

    	 	L-2A-1	 

    

    

evidence to indicate that the Transferee will
not continue to pay its debts as they become due in the future. The Transferor understands that the transfer of the Residual Certificates
may not be respected for United States income tax purposes (and the Transferor may continue to be liable for United States income taxes
associated therewith) unless the Transferor has conducted such an investigation.

 

	 	Very truly yours,
	 	 	 
	 	 	(Transferor)
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	L-2A-2	 

    

    

EXHIBIT L-2B

FORM OF TRANSFEROR LETTER FOR TRANSFER
OF NON-BOOK ENTRY CERTIFICATES (OTHER THAN PUBLIC CERTIFICATES)

[Date]

Computershare Trust Company, National Association,

               as Certificate Registrar

600 South 4th Street, 7th Floor

Minneapolis, Minnesota 55415

Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

 

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
                                            Class [__]

Ladies and Gentlemen:

This letter is delivered
to you in connection with the transfer by [______] (the “Transferor”)
to [______] (the “Transferee”) of [$[______] aggregate
[principal balance][notional amount]][[__]% Percentage Interest] of the Class [___] Certificates (the “Transferred Certificate”)
which are held in the form of [a beneficial interest in the [Rule 144A][Regulation S] Global Certificate][Non-Book Entry Certificate]
of such Class (CUSIP No. [______]). The Transferor has requested a transfer of such [beneficial interest][Non-Book Entry Certificate]
for a Non-Book Entry Certificate of such Class (CUSIP No. [______]). The Certificates and Loan-Specific Certificates, including the Transferred
Certificate, were issued pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing
Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer,
Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association,
as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. Capitalized terms used but not defined herein shall
have the meanings given to them in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you,
as Certificate Registrar, that:

(1)       The
Transferor is the lawful owner of the Transferred Certificate with the full right to transfer such Certificate or Loan-Specific Certificate,
as applicable, free from any and all claims and encumbrances whatsoever.

(2)       Neither
the Transferor nor anyone acting on its behalf has (a) offered, transferred, pledged, sold or otherwise disposed of any Certificate
or Loan-Specific Certificate, any interest in any Certificate or Loan-Specific Certificate or any other similar security to any person
in any manner, (b) solicited any offer to buy or accept a transfer, pledge or other disposition of any Certificate or Loan-Specific
Certificate, any interest in any Certificate or

    	 	L-2B-1	 

    

    

Loan-Specific Certificate or any other similar
security from any person in any manner, (c) otherwise approached or negotiated with respect to any Certificate or Loan-Specific
Certificate, any interest in any Certificate or Loan-Specific Certificate or any other similar security with any person in any manner,
(d) made any general solicitation by means of general advertising or in any other manner, or (e) taken any other action, which
(in the case of any of the acts described in clauses (a) through (e) hereof) would constitute a distribution of any Certificate
or Loan-Specific Certificate under the Securities Act of 1933, as amended (the “Securities Act”), or would render
the disposition of any Certificate or Loan-Specific Certificate a violation of Section 5 of the Securities Act or any state securities
laws, or would require registration or qualification of any Certificate or Loan-Specific Certificate, or any offer or sale thereof, pursuant
to the Securities Act or any state securities laws.

 

	 	Very truly yours,
	 	 	 
	 	 	(Transferor)
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	L-2B-2	 

    

    

EXHIBIT L-3

FORM OF TRANSFEREE LETTER

[Date]

 

	
    Computershare Trust Company, National Association,

                 as Certificate Registrar

    600 South 4th Street, 7th Floor

    Minneapolis, Minnesota 55415

    Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

     
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com 

     

	
    Computershare Trust Company, National Association,

              as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – CGCMT 2022-GC48

     

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     

	
    Wilmington Trust, National Association,

              as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-GC48

    Email: cmbstrustee@wilmingtontrust.com
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

 

[Transferor]

[______]

[______]

Attention: [______]

 

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

Ladies and Gentlemen:

    	 	L-3-1	 

    

    

The undersigned (the “Purchaser”)
proposes to purchase [[$_____________ initial aggregate [principal amount] [notional amount]] [_____% Percentage Interest] of Citigroup
Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48, Class [_], CUSIP No. [____], in
certificated fully registered form (such registered interest, the “Certificate”),] [$________ Uncertificated VRR Interest
Balance of the Uncertificated VRR Interest] issued pursuant to that certain Pooling and Servicing Agreement, dated as of June 1, 2022
(the “Pooling and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland
Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors,
LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare
Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. Capitalized
terms used and not otherwise defined herein have the respective meanings ascribed to such terms in the Pooling and Servicing Agreement.

[FOR TRANSFERS OF CLASS X-F,
CLASS X-G, CLASS X-H, CLASS F, CLASS G, CLASS H, CLASS YL-C, CLASS YL-D OR CLASS YLRR Certificates:
In connection with such transfer, the Purchaser hereby represents and warrants to you that the Purchaser (A) either (i) is not and will
not be an employee benefit plan or other plan subject to the fiduciary responsibility or prohibited transaction provisions of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”) or section 4975 of the Internal Revenue Code of 1986,
as amended (the “Code”, and any such employee benefit plan or other plan, a “Plan”) or an entity
or collective investment fund the assets of which are considered Plan assets under U.S. Department of Labor Reg. Section 2510.3-101, as
modified by Section 3(42) of ERISA, or other person acting on behalf of any such Plan or using assets of any such Plan within the meaning
of U.S. Department of Labor Reg. Section 2510.3-101, or (ii) (1) is an insurance company, (2) the source of funds used to acquire
or hold the Certificate or an interest therein is an “insurance company general account,” as such term is defined in Prohibited
Transaction Class Exemption (“PTCE”) 95-60 and (3) the conditions in Sections I and III of PTCE 95-60 have been satisfied
and (B) is not and will not be a governmental plan (as defined in Section 3(32) of ERISA) or other plan subject to any federal, state
or local law that is, to a material extent, similar to the fiduciary responsibility or prohibited transaction provisions of ERISA or Code
Section 4975 (“Similar Law”) or any Person acting on behalf of any such governmental plan or other plan or using the
assets of such governmental plan or other plan to acquire the Certificate unless its acquisition, holding and disposition of the Certificate
would not constitute or otherwise result in a non-exempt violation of Similar Law.]

[FOR TRANSFERS OF CLASS VRR:
In connection with such transfer, the Purchaser hereby represents and warrants to you that (A) either (i) the Purchaser is not and will
not be an employee benefit plan or other plan subject to the fiduciary responsibility or prohibited transaction provisions of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”) or section 4975 of the Internal Revenue Code of 1986,
as amended (the “Code”, and any such employee benefit plan or other plan, a “Plan”) or an entity
or collective investment fund the assets of which are considered Plan assets under U.S. Department of Labor Reg. Section 2510.3-101, as
modified by Section 3(42) of ERISA, or other person acting on behalf of any such Plan or using assets of any such Plan within the meaning
of U.S. Department of Labor Reg. Section 2510.3-101, or (ii) (1) the Certificate is acquired by the Purchaser through Citigroup

    	 	L-3-2	 

    

    

Global Markets Inc., Goldman Sachs & Co.
LLC or BMO Capital Markets Corp., (2) the Purchaser is an insurance company, (3) the source of funds used to acquire or hold the Certificate
or an interest therein is an “insurance company general account,” as such term is defined in Prohibited Transaction Class
Exemption (“PTCE”) 95-60 and (4) the conditions in Sections I and III of PTCE 95-60 have been satisfied and (B) the
Purchaser is not and will not be a governmental plan (as defined in Section 3(32) of ERISA) or other plan subject to any federal, state
or local law that is, to a material extent, similar to the fiduciary responsibility or prohibited transaction provisions of ERISA or Code
Section 4975 (“Similar Law”) or any Person acting on behalf of any such governmental plan or other plan or using the
assets of such governmental plan or other plan to acquire the Certificate unless its acquisition, holding and disposition of the Certificate
would not constitute or otherwise result in a non-exempt violation of Similar Law.]

[FOR TRANSFERS OF CLASS R
or class s CERTIFICATES OR THE UNCERTIFICATED VRR INTEREST: In connection with such transfer, the Purchaser hereby represents and
warrants to you that the Purchaser (A) is not and will not be an employee benefit plan or other plan subject to the fiduciary responsibility
or prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or
section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”, and any such employee benefit plan or other
plan, a “Plan”) or an entity or collective investment fund the assets of which are considered Plan assets under U.S.
Department of Labor Reg. Section 2510.3-101, as modified by Section 3(42) of ERISA (including an insurance company that is using the assets
of separate accounts or general accounts which include assets of Plans (or which are deemed pursuant to ERISA or Similar Law to include
assets of Plans)), or other person acting on behalf of any such Plan or using assets of any such Plan and (B) is not and will not be a
governmental plan or other plan subject to any federal, state or local law that is, to a material extent, similar to the fiduciary responsibility
or prohibited transaction provisions of ERISA or Code Section 4975 (“Similar Law”) or any Person acting on behalf of
any such governmental plan or other plan or using the assets of such governmental plan to acquire the [Certificate][Uncertificated VRR
Interest].]

[FOR TRANSFERS OF CLASS R
CERTIFICATES: The Purchaser hereby represents and warrants to you that the Purchaser is a “qualified institutional buyer”
within the meaning of Rule 144A under the Securities Act of 1933, as amended.]

[FOR TRANSFERS OF CLASS S
CERTIFICATES: The Purchaser hereby represents and warrants to you that the Purchaser is (1) a “qualified institutional buyer”
within the meaning of Rule 144A under the Securities Act of 1933, as amended, or (2) an entity that qualifies as an “accredited
investor” within the meaning of Rule 501(a) (1), (2), (3) or (7) of Regulation D under the Securities Act of 1933, as
amended, or an entity in which all of the equity owners qualify as “accredited investors” within the meaning of Rule 501(a) (1),
(2), (3) or (7) of Regulation D under the Securities Act of 1933, as amended.]

    	 	L-3-3	 

    

    

IN WITNESS WHEREOF, the
Purchaser hereby executes this Representation Letter on the ___ day of _____, ____.

 

	 	Very truly yours,
	 	 	 
	 	 	 
	 	[The Purchaser]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	L-3-4	 

    

    

EXHIBIT L-4

FORM OF INVESTMENT REPRESENTATION LETTER

[Date]

 

	
    Computershare Trust Company, National Association,

    as Certificate Registrar

    600 South 4th Street, 7th Floor

    Minneapolis, Minnesota 55415

    Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

     
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     

	
    Computershare Trust Company, National Association,

    as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – CGCMT 2022-GC48

     

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     

     
	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     

	
    Wilmington Trust, National Association,

    as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-GC48

    Email: cmbstrustee@wilmingtontrust.com

     
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

	
    [Name of Seller]

    [______]

    [______]

    [Attention: ______]

     
	 

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
                                            Class [__]

                                            (the “Class [__] Certificates”)

 

    	 	L-4-1	 

    

    

Ladies and Gentlemen:

This letter is delivered
pursuant to Section 5.03 of the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services
LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator,
and Wilmington Trust, National Association, as Trustee, on behalf of the holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial
Mortgage Pass-Through Certificates, Series 2022-GC48 (the “Certificates”), in connection with the transfer by [             ]
(the “Seller”) to the undersigned (the “Purchaser”) of [$______ aggregate [principal balance] [notional
amount] of Class [___] Certificates] [a Class [___] Certificate representing a ___% Percentage Interest in the related Class], in certificated
fully registered form (such registered interest, the “Transferred Certificate”). Capitalized terms used but not defined
herein shall have the meanings ascribed thereto in the Pooling and Servicing Agreement.

In connection with such transfer,
the undersigned hereby represents and warrants to you as follows:

1.       Check
one of the following:1

☐       The
Purchaser is an “institutional accredited investor” (an “Institutional Accredited Investor”) (i.e. an entity meeting,
or in which all of the equity owners meet, the requirements of Rule 501(a)(1), (2), (3) or (7) of Regulation D promulgated under the Securities
Act of 1933, as amended (the “Securities Act”)), and has such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of the investment in the Transferred Certificate, and the Purchaser and any accounts
for which the Purchaser is acting are each able to bear the economic risk of our or its investment. The Purchaser is acquiring the Transferred
Certificate for its own account or for one or more accounts (each of which is an Institutional Accredited Investor) as to each of which
the Purchaser exercises sole investment discretion. The Purchaser hereby undertakes to reimburse the Trust for any costs incurred by it
in connection with this transfer.

 ☐       The
Purchaser is a “qualified institutional buyer” (a “QIB”) within the meaning of Rule 144A (“Rule
144A”) under the Securities Act, and has completed one of the forms of certification to that effect attached hereto as Annex
1 and Annex 2. The Purchaser is acquiring the Transferred Certificate for its own account, or for the account of another QIB. The Purchaser
is aware that the transfer is being made in reliance on Rule 144A, and the Purchaser has had the opportunity to obtain the information
required to be provided pursuant to paragraph (d)(4)(i) of Rule 144A. The Purchaser hereby undertakes to reimburse the Trust for any costs
incurred by it in connection with this transfer.

 

1
Any Purchaser of Class R Certificates must check the box that it is a QIB. Only QIBs may acquire a Class R Certificate.

    	 	L-4-2	 

    

    

2.       The
Purchaser’s intention is to acquire the Transferred Certificate (a) for investment for the Purchaser’s own account or (b)
for resale to (i) “qualified institutional buyers” in transactions complying with Rule 144A[,FOR TRANSFERS OF ANY CERTIFICATES
OTHER THAN CLASS R: or (ii) Institutional Accredited Investors under the Securities Act, pursuant to any other exemption from the registration
requirements of the Securities Act, subject in the case of this clause (ii) to (A) the receipt by the Certificate Registrar of a letter
substantially in the form hereof, (B) the receipt by the Certificate Registrar of an opinion of counsel acceptable to the Certificate
Registrar that such reoffer, resale, pledge or transfer is in compliance with the Securities Act, (C) the receipt by the Certificate
Registrar of such other evidence acceptable to the Certificate Registrar that such reoffer, resale, pledge or transfer is in compliance
with the Securities Act and other applicable laws (including applicable state and foreign securities laws), and (D) a written undertaking
to reimburse the Trust for any costs incurred by it in connection with the proposed transfer.] It understands that the Transferred Certificate
(and any subsequent Non-Book Entry Certificate) has not been registered under the Securities Act, by reason of a specified exemption from
the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the Purchaser’s
investment intent (or intent to resell to only certain investors in certain exempted transactions) as expressed herein.

3.       The
Purchaser acknowledges that the Transferred Certificate (and any Certificate issued on transfer or exchange thereof) has not been registered
or qualified under the Securities Act or the securities laws of any State or any other jurisdiction, and that the Transferred Certificate
cannot be reoffered, resold, pledged or otherwise transferred unless it is registered or qualified thereunder or unless an exemption from
such registration or qualification is available.

4.       The
Purchaser has reviewed the applicable Offering Circular dated June 6, 2022, relating to [the Class X-D, Class X-F, Class X-G, Class X-H,
Class D, Class E, Class F, Class G, Class H and Class R Certificates] [the Class YL-A, Class YL-B, Class YL-C, Class YL-D and Class YLRR
Certificates] (the “Offering Circular”) and the agreements and other materials referred to therein and has had the
opportunity to ask questions and receive answers concerning the terms and conditions of the transactions contemplated by the Offering
Circular.

5.       The
Purchaser hereby undertakes to be bound by the terms and conditions of the Pooling and Servicing Agreement in its capacity as an owner
of a Non-Book Entry Certificate or Certificates or Loan-Specific Certificates, as the case may be (each, a “Certificateholder”),
in all respects as if it were a signatory thereto. This undertaking is made for the benefit of the Trust, the Certificate Registrar and
all Certificateholders present and future.

6.       The
Purchaser will not sell or otherwise transfer any portion of the Transferred Certificate, except in compliance with Section 5.03 of the
Pooling and Servicing Agreement.

    	 	L-4-3	 

    

    

7.       Check
one of the following:

☐       The
Purchaser is a “U.S. Tax Person” and it [will provide by electronic mail]2[has
attached hereto]3 an Internal Revenue Service
(“IRS”) Form W-9 (or successor form).

☐       The
Purchaser is not a “U.S. Tax Person” and under applicable law in effect on the date hereof, no taxes will be required to be
withheld by the Certificate Administrator (or its agent) with respect to Distributions to be made on the Transferred Certificate(s). The
Purchaser [will provide by electronic mail]4[has
attached hereto]5 (i) a duly executed IRS
Form W-8BEN or W-8 BEN-E, as applicable (or successor form), which identifies such Purchaser as the beneficial owner of the Transferred
Certificate(s) and states that such Purchaser is not a U.S. Person, (ii) two duly executed copies of IRS Form W-8IMY (and all appropriate
attachment) or (iii) two duly executed copies of IRS Form W-8ECI (or successor form), which identify such Purchaser as the beneficial
owner of the Transferred Certificate(s) and state that interest and original issue discount on the Transferred Certificate(s) is, or is
expected to be, effectively connected with a U.S. trade or business. The Purchaser agrees to provide to the Certificate Administrator
an updated IRS Form W-8BEN, IRS Form W-8 BEN-E, IRS Form W-8IMY or IRS Form W-8ECI, as the case may be, any applicable successor IRS forms,
or such other certifications as the Certificate Administrator may reasonably request, on or before the date that any such IRS form or
certification expires or becomes obsolete, or promptly after the occurrence of any event requiring a change in the most recent IRS form
of certification furnished by it to the Certificate Administrator.

For the purposes of this
paragraph 7, “U.S. Tax Person” means a citizen or resident of the United States, a corporation, partnership (except to
the extent provided in applicable Treasury Regulations), or other entity created or organized in or under the laws of the United States,
any state thereof or the District of Columbia, including any entity treated as a corporation or partnership for federal income tax purposes,
an estate whose income is subject to United States federal income tax regardless of its source, or a trust if a court within the United
States is able to exercise primary supervision over the administration of such trust, and one or more such U.S. Tax Persons have the authority
to control all substantial decisions of such trust (or, to the extent provided in applicable Treasury Regulations, certain trusts in existence
on August 20, 1996 that have elected to be treated as U.S. Tax Persons).

[8.      The Transferee agrees
to provide the applicable executed IRS form(s) referred to in paragraph 7 above, its payment instructions and its mailing address to the
Certificate Administrator by electronic mail to amber.berrynelson@computershare.com. ]6

 

2
Applicable in the case of a transfer on the Closing Date

3
Applicable in the case of a transfer subsequent to the Closing Date

4
Applicable in the case of a transfer on the Closing Date

5
Applicable in the case of a transfer subsequent to the Closing Date

6
Applicable in the case of a transfer on the Closing Date

 

    	 	L-4-4	 

    

    

[8.Please make all payments
due on the Transferred Certificate:**

(a)       by
wire transfer to the following account at a bank or entity in New York, New York, having appropriate facilities therefor:

	 	Account number:	 	 

	 	Institution:	 	 

(b)       by
mailing a check or draft to the following address:

	 	 	 

 

	 	 	 

 

	 	 	 

The mailing address of the Purchaser is:

 

	 	 	 

 

	 	 	]7

 

[9.The Class [__] Certificates
registered in the name of the Purchaser should be delivered to:

 

	 	 	 

 

	 	 	 

 

	 	 	]8

 

 

 

**       Please
select (a) or (b).

7
Applicable in the case of a transfer subsequent to the Closing Date.

8
Not applicable to a Risk Retention Certificate held in the Retained Interest Safekeeping Account
by the Certificate Administrator

 

    	 	L-4-5	 

    

    

 

 

	 	Very truly yours,
	 	 	 
	 	 	 
	 	[Insert Name of Purchaser]
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:

Title:

 

Dated: ________________, 20__

 

    	 	L-4-6	 

    

    

ANNEX 1

QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

[for Purchasers other than Registered Investment
Companies]

The undersigned hereby certifies as follows to
[Name of Seller] (the “Seller”) [, Citigroup Commercial Mortgage Securities Inc.]9
and Computershare Trust Company, National Association, as Certificate Registrar, with respect to the commercial mortgage pass-through
certificate being transferred (the “Transferred Certificate”) as described in the Investment Representation Letter
to which this certification relates and to which this certification is an Annex:

1.       As
indicated below, the undersigned is the chief financial officer, a person fulfilling an equivalent function, or other executive officer
of the entity purchasing the Transferred Certificate (the “Purchaser”).

2.       The
Purchaser is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933, as amended
(“Rule 144A”) because (i) the Purchaser owned and/or invested on a discretionary basis at least $______________________10
in securities (other than the excluded securities referred to below) as of [[_____] (specific date since the close of the Purchaser’s
most recent fiscal year)][the end of the Purchaser’s most recent fiscal year] (such amount being calculated in accordance with Rule
144A) and (ii) the Purchaser satisfies the criteria in the category marked below.

		___	Corporation, etc. The Purchaser is a corporation (other than a bank, savings and loan association or similar institution),
Massachusetts or similar business trust, partnership, limited liability company, or any organization described in Section 501(c)(3) of
the Internal Revenue Code of 1986, as amended.

		___	Bank. The Purchaser (a) is a national bank or a banking institution organized under the laws of any State, U.S. territory
or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial
banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least
$25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto, as of a date not more than
16 months preceding the date of sale of the Transferred Certificate in the case of a U.S. bank, and not more than 18 months preceding
such date of sale for a foreign bank or equivalent institution.

 

 

9
Delete if the Seller is Citigroup Commercial Mortgage Securities Inc.

10
Purchaser must own and/or invest on a discretionary basis at least $100,000,000 in securities
unless Purchaser is a dealer, and, in that case, Purchaser must own and/or invest on a discretionary basis at least $10,000,000 in securities.

    	 	Annex 1-1	 

    

    

		___	Savings and Loan. The Purchaser (a) is a savings and loan association, building and loan association, cooperative bank,
homestead association or similar institution, which is supervised and examined by a State or Federal authority having supervision over
any such institutions or is a foreign savings and loan association or equivalent institution and (b) has an audited net worth of
at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto, as of a date not more
than 16 months preceding the date of sale of the Transferred Certificate in the case of a U.S. savings and loan association, and not more
than 18 months preceding such date of sale for a foreign savings and loan association or equivalent institution.

		___	Broker-dealer. The Purchaser is a dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as
amended.

		___	Insurance Company. The Purchaser is an insurance company whose primary and predominant business activity is the writing of
insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner
or a similar official or agency of a State, U.S. territory or the District of Columbia.

		___	State or Local Plan. The Purchaser is a plan established and maintained by a State, its political subdivisions, or any agency
or instrumentality of the State or its political subdivisions, for the benefit of its employees.

		___	ERISA Plan. The Purchaser is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security
Act of 1974, as amended.

		___	Investment Advisor. The Purchaser is an investment advisor registered under the Investment Advisers Act of 1940, as amended.

		___	Other. (Please supply a brief description of the entity and a cross-reference to the paragraph and subparagraph under subsection
(a) (1) of Rule 144A pursuant to which it qualifies. Note that registered investment companies should complete Annex 2
rather than this Annex 1.)

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

3.       The
term “securities” as used herein does not include (i) securities of issuers that are affiliated with the Purchaser, (ii) securities
that are part of an unsold allotment to or subscription by the Purchaser, if the Purchaser is a dealer, (iii) bank deposit notes
and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase
agreement and (vii) currency, interest rate and commodity swaps.

    	 	Annex 1-2	 

    

    

For purposes of determining the aggregate amount of securities owned
and/or invested on a discretionary basis by the Purchaser, the Purchaser did not include any of the securities referred to in this paragraph.

4.       For
purposes of determining the aggregate amount of securities owned and/or invested on a discretionary basis by the Purchaser, the Purchaser
used the cost of such securities to the Purchaser, unless the Purchaser reports its securities holdings in its financial statements on
the basis of their market value, and no current information with respect to the cost of those securities has been published, in which
case the securities were valued at market. Further, in determining such aggregate amount, the Purchaser may have included securities owned
by subsidiaries of the Purchaser, but only if such subsidiaries are consolidated with the Purchaser in its financial statements prepared
in accordance with generally accepted accounting principles and if the investments of such subsidiaries are managed under the Purchaser’s
direction. However, such securities were not included if the Purchaser is a majority-owned, consolidated subsidiary of another enterprise
and the Purchaser is not itself a reporting company under the Securities Exchange Act of 1934, as amended.

5.       The
Purchaser acknowledges that it is familiar with Rule 144A and understands that the Seller and other parties related to the Transferred
Certificates are relying and will continue to rely on the statements made herein because one or more sales to the Purchaser may be in
reliance on Rule 144A.

___      ___                          Will the Purchaser be purchasing the Transferred
Certificate

Yes       No                           only for the Purchaser’s own account

6.       If
the answer to the foregoing question is “no”, then in each case where the Purchaser is purchasing for an account other than
its own, such account belongs to a third party that is itself a “qualified institutional buyer” within the meaning of Rule
144A, and the “qualified institutional buyer” status of such third party has been established by the Purchaser through one
or more of the appropriate methods contemplated by Rule 144A.

7.       The
Purchaser will notify each of the parties to which this certification is made of any changes in the information and conclusions herein.
Until such notice is given, the Purchaser’s purchase of the Transferred Certificate will constitute a reaffirmation of this certification
as of the date of such purchase. In addition, if the Purchaser is a bank or savings and loan as provided above, the Purchaser agrees that
it will furnish to such parties any updated annual financial statements that become available on or before the date of such purchase,
promptly after they become available.

    	 	Annex 1-3	 

    

    

8.       Capitalized
terms used but not defined herein have the respective meanings ascribed thereto in the Pooling and Servicing Agreement pursuant to which
the Transferred Certificate was issued.

		 

		Print Name of Purchaser	 

		By:	 

		Name:	 

		Title:	 

		Date:	 

 

 

    	 	Annex 1-4	 

    

    

ANNEX
2

QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

[for Purchasers that are Registered Investment
Companies]

The undersigned hereby certifies as follows to
[Name of Seller] (the “Seller”) [, Citigroup Commercial Mortgage Securities Inc.]11
and Computershare Trust Company, National Association, as Certificate Registrar, with respect to the mortgage pass-through certificate
being transferred (the “Transferred Certificate”) as described in the Investment Representation Letter to which this
certification relates and to which this certification is an Annex:

1.       As
indicated below, the undersigned is the chief financial officer, a person fulfilling an equivalent function, or other executive officer
of the entity purchasing the Transferred Certificate (the “Purchaser”) or, if the Purchaser is a “qualified institutional
buyer” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (“Rule 144A”)
because the Purchaser is part of a Family of Investment Companies (as defined below), is an executive officer of the investment adviser
(the “Adviser”).

2.       The
Purchaser is a “qualified institutional buyer” as defined in Rule 144A because (i) the Purchaser is an investment
company registered under the Investment Company Act of 1940, as amended, and (ii) as marked below, the Purchaser alone owned and/or
invested on a discretionary basis, or the Purchaser’s Family of Investment Companies owned, at least $100,000,000 in securities
(other than the excluded securities referred to below) as of [[_____] (specific date since the close of the Purchaser’s most recent
fiscal year)] [the end of the Purchaser’s most recent fiscal year]. For purposes of determining the amount of securities owned by
the Purchaser or the Purchaser’s Family of Investment Companies, the cost of such securities was used, unless the Purchaser or any
member of the Purchaser’s Family of Investment Companies, as the case may be, reports its securities holdings in its financial statements
on the basis of their market value, and no current information with respect to the cost of those securities has been published, in which
case the securities of such entity were valued at market.

		____	The Purchaser owned and/or invested on a discretionary basis $___________________ in securities (other than the excluded securities
referred to below) as of the end of the Purchaser’s most recent fiscal year (such amount being calculated in accordance with Rule 144A).

		____	The Purchaser is part of a Family of Investment Companies which owned in the aggregate $______________ in securities (other than the
excluded securities referred to below) as of the end of the Purchaser’s most recent fiscal year (such amount being calculated in
accordance with Rule 144A).

3.       The
term “Family of Investment Companies” as used herein means two or more registered investment companies (or series thereof)
that have the same investment adviser

 

11
Delete if the Seller is Citigroup Commercial Mortgage Securities Inc.

    	 	Annex 2-1	 

    

    

or investment advisers that are affiliated (by virtue of being majority
owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).

4.       The
term “securities” as used herein does not include (i) securities of issuers that are affiliated with the Purchaser or
are part of the Purchaser’s Family of Investment Companies, (ii) bank deposit notes and certificates of deposit, (iii) loan
participations, (iv) repurchase agreements, (v) securities owned but subject to a repurchase agreement and (vi) currency,
interest rate and commodity swaps. For purposes of determining the aggregate amount of securities owned and/or invested on a discretionary
basis by the Purchaser, or owned by the Purchaser’s Family of Investment Companies, the securities referred to in this paragraph
were excluded.

5.       The
Purchaser is familiar with Rule 144A and understands that the parties to which this certification is being made are relying and will
continue to rely on the statements made herein because one or more sales to the Purchaser will be in reliance on Rule 144A.

___       ___                 Will the Purchaser be purchasing the Transferred
Certificate

Yes        No                  only for the Purchaser’s own account

6.       If
the answer to the foregoing question is “no”, then in each case where the Purchaser is purchasing for an account other than
its own, such account belongs to a third party that is itself a “qualified institutional buyer” within the meaning of Rule 144A,
and the “qualified institutional buyer” status of such third party has been established by the Purchaser through one or more
of the appropriate methods contemplated by Rule 144A.

7.       The
undersigned will notify the parties to which this certification is made of any changes in the information and conclusions herein. Until
such notice, the Purchaser’s purchase of the Transferred Certificate will constitute a reaffirmation of this certification by the
undersigned as of the date of such purchase.

8.       Capitalized
terms used but not defined herein have the respective meanings ascribed thereto in the Pooling and Servicing Agreement pursuant to which
the Transferred Certificate was issued.

		 

		Print Name of Purchaser or Adviser	 

		By:	 

		Name:	 

		Title:	 

 

		IF AN ADVISER:

 

 

	 	 
		Print Name of Purchaser	 

 

		Date:	 

 

 

    	 	Annex 2-2	 

    

    

EXHIBIT L-5A

FORM
OF TRANSFEREE Certificate for Transfer of CLASS VRR CERTIFICATES 

[Date]

 

	
    Computershare Trust Company, National Association,

    as Certificate Registrar

    600 South 4th Street, 7th Floor

    Minneapolis, Minnesota 55415

    Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     

	
    Citi Real Estate Funding Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     
	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     

	
    Citi Real Estate Funding Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

	
    Citi Real Estate Funding Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com
	 

 

    	 	L-5A-1	 

    

    

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48
                                            (the “Certificates”) issued pursuant to the Pooling and Servicing Agreement,
                                            dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between
                                            Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
                                            of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and
                                            Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC,
                                            as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company,
                                            National Association, as Certificate Administrator, and Wilmington Trust, National Association,
                                            as Trustee

Ladies and Gentlemen:

[_____] (the “Purchaser”)
hereby agrees with, and certifies, represents and warrants to, you, in your respective capacities as Certificate Registrar, Retaining
Sponsor and Depositor, that:

1.                 
The Purchaser is acquiring from [__________] (the “Transferor”) $[_____] principal balance of the Class VRR
Certificates (the “Transferred Interest”).

2.                 
The Purchaser is aware that, following its acquisition of the Transferred Interest, the Certificate Registrar will not register
any transfer of the Transferred Interest by the Purchaser unless the transferee, or such transferee’s agent, delivers to the Certificate
Registrar, among other things, a certificate in substantially the same form as this certificate. The Purchaser expressly agrees that it
will not consummate any such transfer if it knows or believes that any representation contained in such certificate is false.

3.                 
If the Purchaser is an insurance company general account relying on PTCE 95-60 to cover its acquisition of any ERISA Restricted
Certificate constituting a portion of the Transferred Interest, (a) all of the conditions of Parts I and III of PTCE 95-60 will be satisfied
with respect to the acquisition of such ERISA Restricted Certificate and (b) the acquisition of such ERISA Restricted Certificate will
be effected through Citigroup Global Markets Inc., Goldman Sachs & Co. LLC or BMO Capital Markets Corp., or an affiliate thereof.

4.                 
Check one of the following:

☐     The
Purchaser agrees with, and certifies, represents and warrants to, you, in your respective capacities as Certificate Registrar, Retaining
Sponsor and Depositor, that the transfer will occur during the VRR Interest Transfer Restriction Period and that:

		A.	The Purchaser is a “majority-owned affiliate”, as such term is defined in Regulation RR, of
the Transferor (a “Majority-Owned Affiliate”).

		B.	The Purchaser is not acquiring the Transferred Interest as a nominee, trustee or agent for any person
that is not a Majority-Owned Affiliate, and that for so

 

    	 	L-5A-2	 

    

    

long as it retains its interest in the
Transferred Interest, it will remain a Majority-Owned Affiliate.

		C.	The Purchaser has executed and delivered a joinder agreement substantially in the form attached as Exhibit
C to the Vertical Credit Risk Retention Agreement, dated and effective as of June 6, 2022 (the “Vertical Credit Risk Retention
Agreement”), between Citi Real Estate Funding Inc., Goldman Sachs Bank USA, Goldman Sachs Mortgage Company, Starwood Mortgage
Capital LLC, Bank of Montreal and the Depositor, pursuant to which the Purchaser has agreed to be bound by the terms of the Vertical Credit
Risk Retention Agreement to the same extent as if the Purchaser was the Transferor.

		D.	The Purchaser hereby makes each representation set forth in Section 4(b) of the Vertical Credit Risk Retention
Agreement, other than the representations in Section 4(b)(viii) [and except that it is a [_____], duly organized, validly existing and
in good standing under the laws of [_____]].

		E.	The Purchaser consents to any additional restrictions or arrangements that shall be deemed necessary upon
advice of counsel to constitute a reasonable arrangement to ensure that its ownership of the Transferred Interest will satisfy the risk
retention requirements of the Transferor, in its capacity as [the retaining sponsor][an originator] under Regulation RR.

[_]       The
Purchaser certifies, represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor and Depositor,
that the transfer will occur after the termination of the VRR Interest Transfer Restriction Period.

Capitalized terms used but
not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

IN WITNESS WHEREOF, the
Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this ___day of _________,
20__.

	 	 
	 	 	 
	 	[PURCHASER]
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	L-5A-3	 

    

    

 

The foregoing certificate is hereby confirmed,
and the transfer is accepted, as of the date first above written:

 

	[APPLICABLE RETAINING PARTY]12	 
	 	 
	 	 
	By:	 	 
	Name:  	 
	Title:    	 
	 	 
	 	 
	[Medallion Stamp Guarantee]	 
	 	 
	 	 
	[CITI REAL ESTATE FUNDING INC.]13	 
	 	 
	 	 
	By:	 	 
	Name:  	 
	Title:	 
	 	 
	 	 
	CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.	 
	 	 
	 	 
	By:	 	 
	Name:  	 
	Title:    	 

 

 

 

 

12
Signature of Retaining Party is required if the Retaining Party is different than the transferor

13
Signature of Retaining Sponsor is required if the Retaining Sponsor is different than the applicable
Retaining Party

 

    	 	L-5A-4	 

    

    

EXHIBIT L-5B

[RESERVED]

 

 

    	 	L-5B-1	 

    

    

EXHIBIT L-5C

FORM
OF TRANSFEREE Certificate for Transfer of CLASS YLRR 

CERTIFICATES 

[Date]

 

	
    Computershare Trust Company, National Association,

    as Certificate Registrar

    600 South 4th Street, 7th Floor

    Minneapolis, Minnesota 55415

    Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     

	
    Bank of Montreal

    c/o BMO Capital Markets Corp.

    151 West 42nd Street

    New York, New York 10036

    Attention: Michael Birajiclian and David Schell

    Email: Michael.Birajiclian@bmo.com and 

David.Schell@bmo.com

     
	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     

	
    Bank of Montreal

    c/o BMO Capital Markets Corp.

    151 West 42nd Street

    New York, New York 10036

    Attention: Legal Department

    Email: BMOCMUSLegal@bmo.com
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

	 	 

    	 	L-5C-1	 

    

    

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48
                                            (the “Certificates”) issued pursuant to the Pooling and Servicing Agreement,
                                            dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between
                                            Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
                                            of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC, as
                                            a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to Yorkshire &
                                            Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating
                                            Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association,
                                            as Certificate Administrator, and Wilmington Trust, National Association, as Trustee

Ladies and Gentlemen:

[_____] (the “Purchaser”)
hereby agrees with, and certifies, represents and warrants to, you, in your respective capacities as Certificate Registrar, Yorkshire
& Lexington Towers Retaining Sponsor and Depositor, that:

1.                 
The Purchaser is acquiring from [__________] (the “Transferor”) $[_____] principal balance of the Class YLRR
Certificates (the “Transferred Interest”).

2.                 
The Purchaser is aware that, following its acquisition of the Transferred Interest, the Certificate Registrar will not register
any transfer of the Transferred Interest by the Purchaser unless the transferee, or such transferee’s agent, delivers to the Certificate
Registrar, among other things, a certificate in substantially the same form as this certificate. The Purchaser expressly agrees that it
will not consummate any such transfer if it knows or believes that any representation contained in such certificate is false.

3.                 
If the Purchaser is an insurance company general account relying on PTCE 95-60 to cover its acquisition of any ERISA Restricted
Certificate constituting a portion of the Transferred Interest, (a) all of the conditions of Parts I and III of PTCE 95-60 will be satisfied
with respect to the acquisition of such ERISA Restricted Certificate and (b) the acquisition of such ERISA Restricted Certificate will
be effected through Citigroup Global Markets Inc., Goldman Sachs & Co. LLC or BMO Capital Markets Corp., or an affiliate thereof.

4.                 
Check one of the following:

☐       The
Purchaser agrees with, and certifies, represents and warrants to, you, in your respective capacities as Certificate Registrar, Yorkshire
& Lexington Towers Retaining Sponsor and Depositor, that the transfer will occur during the Yorkshire & Lexington Towers HRR Transfer
Restriction Period and that:

		A.	The Purchaser is a “majority-owned affiliate”, as such term is defined in Regulation RR, of
the Transferor (a “Majority-Owned Affiliate”).

 

    	 	L-5C-2	 

    

    

		B.	The Purchaser is not acquiring the Transferred Interest as a nominee, trustee or agent for any person
that is not a Majority-Owned Affiliate, and that for so long as it retains its interest in the Transferred Interest, it will remain a
Majority-Owned Affiliate.

		C.	The Purchaser has executed and delivered to the Yorkshire & Lexington Towers Retaining Sponsor a “Joinder
Agreement” (as such term is defined in the Third Party Purchaser Agreement, dated as of June 6, 2022 (the “Yorkshire &
Lexington Towers TPP Agreement”), between Citigroup Commercial Mortgage Securities Inc., Bank of Montreal, and FS CREIT Investments
HRR, LLC) dated as of the date of the transfer, as required pursuant to Section 3(b)(iv) of the Yorkshire & Lexington Towers TPP Agreement.

☐       The
Purchaser certifies, represents and warrants to you, in your respective capacities as Certificate Registrar, Yorkshire & Lexington
Towers Retaining Sponsor and Depositor, that the transfer will occur after the termination of the Yorkshire & Lexington Towers HRR
Transfer Restriction Period.

☐       The
Purchaser certifies, represents and warrants to you, in your respective capacities as Certificate Registrar, Yorkshire & Lexington
Towers Retaining Sponsor and Depositor, that the transfer will occur on or after the fifth anniversary of the Closing Date (or such earlier
date that such transfer is first permitted under the Applicable Requirements (as defined in the Yorkshire & Lexington Towers TPP Agreement)
then in effect as reasonably agreed to by the Yorkshire & Lexington Towers Retaining Sponsor) and that:

A.      The
Purchaser is a “Subsequent Third Party Purchaser”, as such term is defined in the Third Party Purchaser Agreement, dated as
of June 6, 2022 (the “Yorkshire & Lexington Towers TPP Agreement”), between Citigroup Commercial Mortgage Securities
Inc., Bank of Montreal, and FS CREIT Investments HRR, LLC.

B.       The
Purchaser has executed and delivered to the Yorkshire & Lexington Towers Retaining Sponsor a “Subsequent TPP Agreement”
(as such term is defined in the Yorkshire & Lexington Towers TPP Agreement) dated as of the date of the transfer, as required pursuant
to Section 3(c)(iv) of the Yorkshire & Lexington Towers TPP Agreement.

C.       The
transfer will be made in accordance with Section 3(c) of the Yorkshire & Lexington Towers TPP Agreement, and the Purchaser has complied
with all the provisions, and has satisfied all the requirements, set forth in Section 3(c) of the Yorkshire & Lexington Towers TPP
Agreement.

☐       The
Purchaser is otherwise permitted to purchase the Transferred Interest under the terms of the Yorkshire & Lexington Towers TPP Agreement,
a Joinder Agreement (as defined in the Yorkshire & Lexington Towers TPP Agreement) or a Subsequent TPP Agreement (as defined in the
Yorkshire & Lexington Towers TPP Agreement), as applicable. Please provide additional information in the space below to explain:

    	 	L-5C-3	 

    

    

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

Capitalized terms used but
not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

IN WITNESS WHEREOF, the
Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this ___day of _________,
20__.

	 	 
	 	 	 
	 	[PURCHASER]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

 

    	 	L-5C-4	 

    

    

 

The foregoing certificate is hereby confirmed,
and the transfer is accepted, as of the date first above written:

	[APPLICABLE RETAINING PARTY]	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:    	 
	 	 
	 	 
	[Medallion Stamp Guarantee]	 
	 	 
	 	 
	[BANK OF MONTREAL]14	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:	 

 

 

 

14 Signature of Yorkshire & Lexington Towers Retaining
Sponsor is required if the Yorkshire & Lexington Retaining Sponsor is different than the applicable Retaining Party

    	 	L-5C-5	 

    

    

EXHIBIT L-6A

FORM
OF TRANSFEROR Certificate for Transfer of cLASS VRR 

CERTIFICATES

[Date]

 

	
    Computershare Trust Company, National Association,

    as Certificate Registrar

    600 South 4th Street, 7th Floor

    Minneapolis, Minnesota 55415

    Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     

	
    [Citi Real Estate Funding Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com]1

     
	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     

	
    [Citi Real Estate Funding Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com]1

     
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

     

	
    [Citi Real Estate Funding Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com]1
	 

 

	Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates,
  Series 2022-GC48 (the “Certificates”)

 

 

 

1 Include only if the Transferor is not the Retaining
Sponsor

 

    	 	L-6A-1	 

    

    

Ladies and Gentlemen:

This letter is delivered
to you in connection with the transfer by [______] (the “Transferor”)
to [______] (the “Transferee”) of $[_____] principal
balance of the Class VRR Certificates (the “Transferred Interest”).

The Certificates were issued
pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services
LLC, as Operating Advisor and Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator,
and Wilmington Trust, National Association, as Trustee. All capitalized terms used but not otherwise defined herein shall have the respective
meanings set forth in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you, in your respective
capacities as Certificate Registrar, Retaining Sponsor and Depositor, that:

		1.	The transfer is in compliance with Sections 5.02 and 5.03 of the Pooling and Servicing Agreement.

		2.	Check one of the following:

		☐	The Transferor certifies, represents and warrants to you, in your respective capacities as Certificate
Registrar[, Retaining Sponsor]2 and Depositor,
that the transfer will occur during the VRR Interest Transfer Restriction Period and that:

		A.	The transfer is in compliance with the Vertical Credit Risk Retention Agreement, between Citi Real Estate
Funding Inc., Goldman Sachs Bank USA, Goldman Sachs Mortgage Company, Starwood Mortgage Capital LLC, Bank of Montreal and the Depositor,
dated and effective as of June 6, 2022 (the “Vertical Credit Risk Retention Agreement”).

		B.	The Transferee is a “majority-owned affiliate”, as such term is defined in Regulation RR,
of the Transferor.

		C.	The Transferor has complied in all material respects with all of the covenants in the Vertical Credit
Risk Retention Agreement during the period from the date of the Vertical Credit Risk Retention Agreement through and including the date
of this transfer.

		D.	All of the representations and warranties made by the Transferor in the Vertical Credit Risk Retention
Agreement are true and correct as of the date of the transfer.

 

 

2 Include only if the Transferor is not the Retaining
Sponsor

 

    	 	L-6A-2	 

    

    

		E.	All of the requirements set forth in Section 3(c) of the Vertical Credit Risk Retention Agreement have
been complied with through and including the date of the transfer.

		☐	The Transferor certifies, represents and warrants to you, in your respective capacities as Certificate
Registrar[, Retaining Sponsor]3 and Depositor,
that the transfer will occur after the termination of the VRR Interest Transfer Restriction Period.

		3.	The Transferor understands that the Transferee has delivered to you a Transferee Certificate in the form
attached to the Pooling and Servicing Agreement as Exhibit L-5A. The Transferor does not know or believe that any representation
contained therein is false.

IN WITNESS WHEREOF, the
Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this ___day of _________,
20__.

	 	 	 
	 	 	 
	 	 	[TRANSFEROR]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

 

3 Include only if the Transferor is not the Retaining
Sponsor

 

    	 	L-6A-3	 

    

    

 

The foregoing certificate is hereby confirmed,
and the transfer is accepted, as of the date first above written:

	 	 
	 	 
	[APPLICABLE RETAINING PARTY]4	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:    	 
	 	 
	 	 
	[Medallion Stamp Guarantee]	 
	 	 
	 	 
	[CITI REAL ESTATE FUNDING INC.]5	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:	 
	 	 
	 	 
	CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:	 

 

 

4
 Signature of Retaining Party is required if the Retaining Party is different than the transferor

5
 Signature of Retaining Sponsor is required if the Retaining Sponsor is different than
the applicable Retaining Party

 

    	 	L-6A-4	 

    

    

EXHIBIT L-6B

[RESERVED]

 

    	 	L-6B-1	 

    

    

EXHIBIT L-6C

FORM
OF TRANSFEROR Certificate for Transfer of CLASS YLRR CERTIFICATES

[Date]

 

	
    Computershare Trust Company, National Association,

    as Certificate Registrar

    600 South 4th Street, 7th Floor

    Minneapolis, Minnesota 55415

    Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     

     
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     

	
    [Bank of Montreal

    c/o BMO Capital Markets Corp.

    151 West 42nd Street

    New York, NY 10036

    Attention: Michael Birajiclian and David Schell, with an electronic
    copy to Michael.Birajiclian@bmo.com and David.Schell@bmo.com]1

     
	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     

	
    Bank of Montreal

    c/o BMO Capital Markets Corp.

    151 West 42nd Street

    New York, New York 10036

    Attention: Legal Department

    Email: BMOCMUSLegal@bmo.com
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

     

	 	 

 

	Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates,
  Series 2022-GC48 (the “Certificates”)

Ladies and Gentlemen:

 

1
Include only if the Transferor is not the Yorkshire & Lexington Towers Retaining Sponsor

 

    	 	L-6C-1	 

    

    

This letter is delivered
to you in connection with the transfer by [______] (the “Transferor”)
to [______] (the “Transferee”) of $[_____] principal
balance of the Class YLRR Certificates (the “Transferred Interest”).

The Certificates were issued
pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services
LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator,
and Wilmington Trust, National Association, as Trustee. All capitalized terms used but not otherwise defined herein shall have the respective
meanings set forth in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents and warrants to you, in your respective
capacities as Certificate Registrar, Yorkshire & Lexington Towers Retaining Sponsor and Depositor, that:

		1.	The transfer is in compliance with Sections 5.02 and 5.03 of the Pooling and Servicing Agreement.

		2.	Check one of the following:

		☐	The Transferor certifies, represents and warrants to you, in your respective capacities as Certificate
Registrar[, Yorkshire & Lexington Towers Retaining Sponsor]2
and Depositor, that the transfer will occur during the Yorkshire & Lexington Towers Transfer Restriction Period and that:

		A.	The Transferee is a “majority-owned affiliate”, as such term is defined in Regulation RR,
of the Transferor.

		B.	The transfer will be made in accordance with Section 3(b) of the Third Party Purchaser Agreement, dated
as of June 6, 2022 (the “Yorkshire & Lexington Towers TPP Agreement”), between Citigroup Commercial Mortgage Securities
Inc., Bank of Montreal, and FS CREIT Investments HRR, LLC, and all of the requirements set forth in Section 3(b) of the Yorkshire &
Lexington Towers TPP Agreement have been complied with through and including the date of the transfer.

		☐	The Transferor certifies, represents and warrants to you, in your respective capacities as Certificate
Registrar[, Yorkshire & Lexington Towers Retaining Sponsor]2 and Depositor, that the transfer will occur after the termination
of the Yorkshire & Lexington Towers HRR Transfer Restriction Period.

		☐	The Transferor certifies, represents and warrants to you, in your respective capacities as Certificate
Registrar, [Yorkshire & Lexington Towers Retaining Sponsor]2 and Depositor, that the transfer will occur on or after the
fifth

 

 

2 Include only if the Transferor is not the Yorkshire
& Lexington Towers Retaining Sponsor

 

    	 	L-6C-2	 

    

    

anniversary of the Closing Date (or such
earlier date that such transfer is first permitted under the Applicable Requirements (as defined in the Yorkshire & Lexington Towers
TPP Agreement)) and that:

		A.	The transfer will be made in accordance with Section 3(c) of the Third Party Purchaser Agreement dated
as of June 6, 2022 (the “Yorkshire & Lexington Towers TPP Agreement”), between Citigroup Commercial Mortgage Securities
Inc., Bank of Montreal, and FS CREIT Investments HRR, LLC, and all of the requirements set forth in Section 3(c) of the Yorkshire &
Lexington Towers TPP Agreement have been complied with through and including the date of the transfer.

		☐	The Transferor is otherwise permitted to transfer the Transferred Interest under the terms of the Yorkshire
& Lexington Towers TPP Agreement, a Joinder Agreement (as defined in the Yorkshire & Lexington Towers TPP Agreement) or a Subsequent
TPP Agreement (as defined in the Yorkshire & Lexington Towers TPP Agreement), as applicable. Please provide additional information
in the space below to explain: 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

		3.	The Transferor understands that the Transferee has delivered to you a Transferee Certificate in the form
attached to the Pooling and Servicing Agreement as Exhibit L-5C. The Transferor does not have knowledge, after reasonable due diligence,
that any representation contained therein is false.

IN WITNESS WHEREOF, the
Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this ___day of _________,
20__.

	 	 	 
	 	 	 
	 	 	[TRANSFEROR]
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	L-6C-3	 

    

    

 

The foregoing certificate is hereby confirmed,
and the transfer is accepted, as of the date first above written:

	 	 
	 	 
	[APPLICABLE RETAINING PARTY]3	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:    	 
	 	 
	 	 
	[Medallion Stamp Guarantee]	 
	 	 
	 	 
	[BANK OF MONTREAL]4	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:	 
	 	 

 

 

3
Signature of Retaining Party is required if the Retaining Party is different than the transferor

4
Signature of Yorkshire & Lexington Towers Retaining Sponsor is required if the Yorkshire
& Lexington Towers Retaining Sponsor is different than the applicable Retaining Party

 

 

    	 	L-6C-4	 

    

    

 

EXHIBIT L-7A

FORM OF TRANSFEREE CERTIFICATE FOR TRANSFER
OF UNCERTIFICATED VRR INTEREST

[Date]

 

	
    Computershare Trust Company, National Association,

    as Certificate Registrar

    600 South 4th Street, 7th Floor

    Minneapolis, Minnesota 55415

    Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     

	
    Citi Real Estate Funding Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     

	
    Citi Real Estate Funding Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

	
    Citi Real Estate Funding Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com
	 	 

 

    	 	L-7A-1	 

    

    

		Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through
Certificates, Series 2022-GC48 (the “Certificates”) issued pursuant to the Pooling and Servicing Agreement, dated as
of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as
Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and
Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee

Ladies and Gentlemen:

[_____] (the “Transferee”)
hereby agrees with, and certifies, represents and warrants to, you, in your respective capacities as Certificate Registrar, Retaining
Sponsor and Depositor, that:

1.                 
[[_____] (the “Transferor”) is transferring $[____] Uncertificated VRR Interest Balance of the Uncertificated
VRR Interest (the “Transferred Interest”) to [______] (the “Transferee”).] [[_____] (the “Transferor”)
is transferring $[____] Uncertificated VRR Interest Balance of the Uncertificated VRR Interest (the “Transferred Interest”)
to [_____] (“Transferee”) that is a Permitted Lender in a repurchase transaction.] [[_____] (the “Transferor”)
is granting a security interest in the Uncertificated VRR Interest to [_____] (the “Transferee”) that is a Permitted
Lender.].

2.                 
The transfer or the pledge contemplated in Paragraph 1 (a “Transfer”) is in compliance with (A) Sections 5.02
and 5.03 of the Pooling and Servicing Agreement and (B) the Vertical Credit Risk Retention Agreement, dated and effective as of June 6,
2022 (the “Vertical Credit Risk Retention Agreement”), between Citi Real Estate Funding Inc., Goldman Sachs Bank USA,
Goldman Sachs Mortgage Company, Starwood Mortgage Capital LLC, Bank of Montreal and the Depositor.

3.                 
The Transferee is aware that, following its acquisition of the Transferred Interest, the Certificate Registrar will not register
any transfer of the Transferred Interest by the Transferee unless the transferee, or such transferee’s agent, delivers to the Certificate
Registrar, among other things, a certificate in substantially the same form as this certificate. The Transferee expressly agrees that
it will not consummate any such transfer if it knows or believes that any representation contained in such certificate is false.

4.                 
If the Transferee (A) is not and will not be an employee benefit plan or other plan subject to the fiduciary responsibility or
prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or section
4975 of the Internal Revenue Code of 1986, as amended (the “Code”, and any such employee benefit plan or other plan,
a “Plan”) or an entity or collective investment fund the assets of which are considered Plan assets under U.S. Department
of Labor Reg. Section 2510.3-101, as modified by Section 3(42) of ERISA (including an insurance company that is using the

    	 	L-7A-2	 

    

    

assets of separate accounts or general
accounts which include assets of Plans (or which are deemed pursuant to ERISA or Similar Law to include assets of Plans)), or other person
acting on behalf of any such Plan or using assets of any such Plan and (B) is not and will not be a governmental plan or other plan subject
to any federal, state or local law that is, to a material extent, similar to the fiduciary responsibility or prohibited transaction provisions
of ERISA or Code Section 4975 (“Similar Law”) or any Person acting on behalf of any such governmental plan or other
plan or using the assets of such governmental plan to acquire the Transferred Interest.

5.                 
Check one of the following:

☐      The
Transferee agrees with, and certifies, represents and warrants to, you, in your respective capacities as Certificate Registrar, Retaining
Sponsor and Depositor, that the transfer will occur during the VRR Interest Transfer Restriction Period and that:

		A.	The Transferee is a “majority-owned affiliate”, as such term is defined in Regulation RR,
of the Transferor (a “Majority-Owned Affiliate”);

		B.	The Transferee is not acquiring the Transferred Interest as a nominee, trustee or agent for any person
that is not a Majority-Owned Affiliate, and that for so long as it retains its interest in the Transferred Interest, it will remain a
Majority-Owned Affiliate;

		C.	The Transferee is not a Non-Exempt Person; and

		D.	The Transferee has executed and delivered a joinder agreement substantially in the form attached as Exhibit
C to the Vertical Credit Risk Retention Agreement, pursuant to which the Transferee has agreed to be bound by the terms of the Vertical
Credit Risk Retention Agreement to the same extent as if the Transferee was the Transferor;

		E.	The Transferee hereby makes each representation set forth in Section 4(b) of the Vertical Credit Risk
Retention Agreement, other than the representations in Section 4(b)(viii) [and except that it is a [_____], duly organized, validly existing
and in good standing under the laws of [_____]].

		F.	The Transferee consents to any additional restrictions or arrangements that shall be deemed necessary
upon advice of counsel to constitute a reasonable arrangement to ensure that its ownership of the Transferred Interest will satisfy the
risk retention requirements of the Retaining Sponsor, in its capacity as the retaining sponsor under Regulation RR.

☐      The
Transferee certifies, represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor and Depositor,
that the transfer will occur during the VRR Interest Transfer Restriction Period and that:

    	 	L-7A-3	 

    

    

		A.	The Transferee is a Person that provides financing permitted under Regulation RR and Section 3(d) of the
Vertical Credit Risk Retention Agreement (as defined below) (a “Permitted Lender”);

		B.	It is not acquiring an interest in the Transferred Interest as a nominee, trustee or agent for any person
that is not a Permitted Lender, and that for so long as it retains its interest in the Transferred Interest, it will remain a Permitted
Lender;

		C.	The Transferee has executed and delivered the acknowledgement and the agreement contemplated by clauses
(1) and (2), respectively, of Section 3(d)(ii)(C) of the Vertical Credit Risk Retention Agreement; and

		D.	The Transferee consents to any additional restrictions or arrangements that shall be deemed necessary
upon advice of counsel to constitute a reasonable arrangement to ensure that its ownership of an interest in the Transferred Interest
will satisfy the risk retention requirements of the Retaining Sponsor, in its capacity as the retaining sponsor under the Risk Retention
Rule.

☐       The
Transferee certifies, represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor and Depositor,
that the transfer will occur after the termination of the VRR Interest Transfer Restriction Period.

6.       Check
one of the following:

☐       The
Transferee is a “U.S. Tax Person” and it has attached hereto an Internal Revenue Service (“IRS”) Form W-9 (or
successor form).

☐       The
Transferee is not a “U.S. Tax Person” and under applicable law in effect on the date hereof, no taxes will be required to
be withheld by the Certificate Administrator (or its agent) with respect to Distributions to be made on the Transferred Certificate(s).
The Transferee has attached hereto (i) a duly executed IRS Form W-8BEN or W-8 BEN-E, as applicable (or successor form), which identifies
such Transferee as the beneficial owner of the Transferred Certificate(s) and states that such Transferee is not a U.S. Person, (ii) two
duly executed copies of IRS Form W-8IMY (and all appropriate attachment) or (iii) two duly executed copies of IRS Form W-8ECI (or
successor form), which identify such Transferee as the beneficial owner of the Transferred Certificate(s) and state that interest and
original issue discount on the Transferred Certificate(s) is, or is expected to be, effectively connected with a U.S. trade or business.
The Transferee agrees to provide to the Certificate Administrator an updated IRS Form W-8BEN, IRS Form W-8 BEN-E, IRS Form W-8IMY or IRS
Form W-8ECI, as the case may be, any applicable successor IRS forms, or such other certifications as the Certificate Administrator may
reasonably request, on or before the date that any such IRS form or certification expires or becomes obsolete, or promptly after the occurrence
of any event requiring a change in the most recent IRS form of certification furnished by it to the Certificate Administrator.

    	 	L-7A-4	 

    

    

For the purposes of this
paragraph 7, “U.S. Tax Person” means a citizen or resident of the United States, a corporation, partnership (except to
the extent provided in applicable Treasury Regulations), or other entity created or organized in or under the laws of the United States,
any state thereof or the District of Columbia, including any entity treated as a corporation or partnership for federal income tax purposes,
an estate whose income is subject to United States federal income tax regardless of its source, or a trust if a court within the United
States is able to exercise primary supervision over the administration of such trust, and one or more such U.S. Tax Persons have the authority
to control all substantial decisions of such trust (or, to the extent provided in applicable Treasury Regulations, certain trusts in existence
on August 20, 1996 that have elected to be treated as U.S. Tax Persons).

		7.	All distributions to be made to the Transferee pursuant to the Pooling and Servicing Agreement should
be made to:

[INSERT WIRE
TRANSFER INFORMATION]

		Bank:	

Account No.: 

		Attention:	

		Ref:	

ABA No.:

 

		8.	Any communications to the Transferee pursuant to the Pooling and Servicing Agreement should be provided
to:

 

[INSERT CONTACT
INFORMATION]

 

		[NAME]	

		[ADDRESS]	

Fax number: 

		Telephone:	

E-mail: 

Capitalized terms used but
not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

IN WITNESS WHEREOF, the Transferee
has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this ___day of _________, 20__.

 

	 	 	[TRANSFEREE]

 

    	 	L-7A-5	 

    

    

		By:	 
	 	 	Name:

Title:

The foregoing certificate is hereby confirmed,
and the transfer is accepted, as of the date first above written:

	 	 
	 	 
	[APPLICABLE RETAINING PARTY]	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:    	 
	 	 
	 	 
	[Medallion Stamp Guarantee]	 
	 	 
	 	 
	CITI REAL ESTATE FUNDING INC.	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:	 
	 	 
	 	 
	 	 
	CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:    	 
	 	 

 

    	 	L-7A-6	 

    

    

EXHIBIT L-7B

FORM OF TRANSFEROR CERTIFICATE
FOR TRANSFER OF UNCERTIFICATED VRR INTEREST

[Date]

 

	
    Computershare Trust Company, National Association,

    as Certificate Registrar

    600 South 4th Street, 7th Floor

    Minneapolis, Minnesota 55415

    Attention: CTS - Certificate Transfer Services – CGCMT 2022-GC48

         with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     

	
    Citi Real Estate Funding Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     

	
    Citi Real Estate Funding Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

	
    Citi Real Estate Funding Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com
	 	 

 

		Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates,
Series 2022-GC48 (the “Certificates”) issued, and the Uncertificated VRR Interest created, pursuant to the Pooling
and Servicing Agreementdated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup Commercial
Mortgage Securities Inc., as

    	 	L-7B-1	 

    

    

Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special
Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National
Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee

Ladies and Gentlemen:

[_____] (the “Transferor”)
hereby agrees with, and certifies, represents and warrants to, you, in your respective capacities as Certificate Registrar, Retaining
Sponsor and Depositor, that:

1.                 
 [[_____] (the “Transferor”) is transferring $[____] Uncertificated VRR Interest Balance of the Uncertificated VRR
Interest (the “Transferred Interest”) to [______] (the “Transferee”).] [[_____] (the “Transferor”)
is transferring $[____] Uncertificated VRR Interest Balance of the Uncertificated VRR Interest (the “Transferred Interest”)
to [_____] (the “Transferee”) that is a Permitted Lender in a repurchase transaction.] [[_____] (the “Transferor”)
is granting a security interest in the $[____] Uncertificated VRR Interest Balance of the Uncertificated VRR Interest (the “Transferred
Interest”) to [_____] (the “Transferee”) that is a Permitted Lender.]

2.                 
The transfer or the pledge contemplated in Paragraph 1 (a “Transfer”) is in compliance with the Pooling and
Servicing Agreement and the Vertical Credit Risk Retention Agreement, dated and effective as of June 6, 2022 (the “Vertical Credit
Risk Retention Agreement”), between Citi Real Estate Funding Inc., Goldman Sachs Bank USA, Goldman Sachs Mortgage Company, Starwood
Mortgage Capital LLC, Bank of Montreal and the Depositor.

3.                 
The Transferor is aware that the Certificate Registrar will not recognize any Transfer of any portion of the $[____] Uncertificated
VRR Interest Balance of the Uncertificated VRR Interest by the Transferor unless the Transferor, or the Transferor’s agent, delivers
to the Certificate Registrar, among other things, a certificate in substantially the same form as this certificate. The Transferor expressly
agrees that it will not consummate any such Transfer if it knows or believes that any representation contained in such certificate is
false.

4.                 
Check one of the following:

		☐	The Transferor certifies, represents and warrants to you, in your respective capacities as Certificate
Registrar, Retaining Sponsor and Depositor, that the Transfer will occur during the VRR Interest Transfer Restriction Period and that:

		A.	The Transferee is a “majority-owned affiliate”, as such term is defined in Regulation RR (a
“Majority-Owned Affiliate”), of the Transferor;

 

    	 	L-7B-2	 

    

    

		B.	To the Transferor’s knowledge, the Transferee is not acquiring the Uncertificated VRR Interest as
a nominee, trustee or agent for any person that is not a Majority-Owned Affiliate of the Transferor;

		C.	The Transferor has complied in all material respects with all of the covenants in the Vertical Credit
Risk Retention Agreement during the period from the date of the Vertical Credit Risk Retention Agreement through and including the date
of the Transfer.

		D.	All of the representations and warranties made by the Transferor in the Vertical Credit Risk Retention
Agreement are true and correct as of the date of the Transfer.

		E.	All of the requirements set forth in Section 3(c) of the Vertical Credit Risk Retention Agreement have
been complied with through and including the date of the Transfer.

		☐	The Transferor certifies, represents and warrants to you, in your respective capacities as Certificate
Registrar, Retaining Sponsor and Depositor, that the transfer will occur after the termination of the VRR Interest Transfer Restriction
Period, and that:

		A.	The Transferee is a Person that provides financing permitted under Regulation RR and Section 3(d) of the
Vertical Credit Risk Retention Agreement (a “Permitted Lender”);

		B.	The Transferor’s knowledge, the Transferee is not a Non-Exempt Person.

		C.	To the knowledge of the Transferor, the Transferee is not acquiring an interest in the Uncertificated
VRR Interest as a nominee, trustee or agent for any person that is not a Permitted Lender, and that for so long as it retains its interest
in the Uncertificated VRR Interest, it will remain a Permitted Lender.

		D.	The Transferor has complied in all material respects with all of the covenants in the Vertical Credit
Risk Retention Agreement during the period from the date of the Vertical Credit Risk Retention Agreement through and including the date
of the Transfer.

		E.	All of the representations and warranties made by the Transferor in the Vertical Credit Risk Retention
Agreement are true and correct as of the date of the Transfer.

		F.	All of the requirements set forth in Section 3(d) of the Vertical Credit Risk Retention Agreement have
been complied with through and including the date of the Transfer.

		☐	The Transferor certifies, represents and warrants to you, in your respective capacities as Certificate
Registrar, Retaining Sponsor and Depositor, that the

    	 	L-7B-3	 

    

    

transfer will occur after the termination
of the VRR Interest Transfer Restriction Period.

		5.	The Transferor understands that the Transferee has delivered to you a Transferee Certificate in the form
attached to the Pooling and Servicing Agreement as Exhibit L-7A. The Transferor does not know or believe that any representation
contained therein is false.

Capitalized terms
used but not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

IN WITNESS WHEREOF, the
Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer this ___day of _________,
20__.

	 	 	 
	 	 	 
	 	 	[TRANSFEROR]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

The foregoing certificate is hereby confirmed,
and the transfer is accepted, as of the date first above written:

	 	 
	 	 
	[APPLICABLE RETAINING PARTY]24	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:    	 
	 	 
	 	 
	[Medallion Stamp Guarantee]	 
	 	 
	 	 
	CITI REAL ESTATE FUNDING INC.	 
	 	 

 

24
Signature of Retaining Party is required if the Retaining Party is different than the transferor

 

    	 	L-7B-4	 

    

    

	By:	 	 
	 	Name:  	 
	 	Title:    	 
	 	 
	 	 
	CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.	 
	 	 
	 	 
	By:	 	 
	 	Name:  	 
	 	Title:	 

    	 	L-7B-5	 

    

    

EXHIBIT M-1A

FORM OF INVESTOR CERTIFICATION FOR NON-BORROWER PARTY

(FOR PERSONS OTHER THAN THE CONTROLLING CLASS REPRESENTATIVE, A CONTROLLING CLASS CERTIFICATEHOLDER, THE LOAN-SPECIFIC CONTROLLING
CLASS REPRESENTATIVE AND/OR A LOAN-SPECIFIC CONTROLLING CLASS CERTIFICATEHOLDER)

[Date]

	
     

    Midland Loan Services, a Division of PNC 

Bank, National Association,

            as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division Head

    Fax number: (888) 706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association,

    as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-GC48

    Email: cmbstrustee@wilmingtontrust.com

     

	
    Computershare Trust Company, National Association,

       as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – CGCMT 2022-GC48

       with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Park Bridge Lender Services LLC

         as Operating Advisor and Asset 

Representations Reviewer

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance Manager

    (with a copy sent contemporaneously via

    email to cmbs.notices@parkbridgefinancial.com)

     

	
    Rialto Capital Advisors, LLC,

            as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

Rialto Capital Advisors, LLC,

            as a Special Servicer
	
    Greystone Servicing Company LLC,

    as a Special Servicer

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

    with a copy to:

    

    Jenna Unell, Senior Managing Director email: 

jenna.unell@greyco.com

     

    	 	M-1A-1	 

    

    

 

	
    

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah and Adam Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com, 

adam.singer@rialtocapital.com,
    and jeff.krasnoff@rialtocapital.com
	 

 

	 	Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage
  Pass-Through Certificates, Series 2022-GC48

In accordance with the
requirements for obtaining certain information under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee, with respect to the above-referenced certificates (the “Certificates”), the undersigned hereby certifies
and agrees as follows:

1.       The
undersigned is [the][a] [[investment advisor or manager of a][Certificateholder][Certificate Owner][prospective purchaser] of the Class
___ Certificates] [Uncertificated VRR Interest Owner][prospective purchaser of the Uncertificated VRR Interest] [Risk Retention Consultation
Party][Serviced Companion Loan Holder][Companion Loan Holder Representative], and is not the Controlling Class Representative, a Controlling
Class Certificateholder, the Loan-Specific Controlling Class Representative or a Loan-Specific Controlling Class Certificateholder.

2.       The
undersigned has received a copy of the Prospectus.25

3.       The
undersigned is not a Borrower Party.

4.       Check
one of the following:

		☐	The undersigned is not requesting disclosure of, or access to, Information with respect to a Whole
Loan.

		☐	The undersigned is requesting disclosure of, or access to, Information with respect to a Whole Loan, and
the undersigned is not a Consulting Party.

 

 

25 Only required for a Certificateholder, a Loan-Specific
Certificateholder, a Certificate Owner, the Uncertificated VRR Interest Owner, a Risk Retention Consultation Party or a prospective purchaser
of a Certificate (or an investment advisor or manager of the foregoing).

 

    	 	M-1A-2	 

    

    

		☐	The undersigned is requesting disclosure of, or access to, Information with respect to a Whole Loan, and
the undersigned is not a “borrower party”, “borrower restricted party”, “restricted holder”
or any other analogous concept under the related Co-Lender Agreement.

5.       The
undersigned is requesting access pursuant to the Agreement to certain information (the “Information”) on the [Master
Servicer’s website][Certificate Administrator’s Website] and/or is requesting the information identified on the schedule attached
hereto (also, the “Information”) pursuant to the provisions of the Agreement.

In consideration of the
disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential (except
from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing the related Certificates
or the related Companion Loan (as and if applicable), from its accountants and attorneys, and otherwise from such governmental or banking
authorities or agencies to which the undersigned is subject and, if they execute and deliver a certification substantially similar to
this, except from holders, beneficial owners and prospective purchasers of any related Companion Loan Securities (if applicable)), and
such Information will not, without the prior written consent of the Trustee, be otherwise disclosed by the undersigned or by its officers,
directors, partners, employees, agents or representatives (collectively, the “Representatives”) in any manner whatsoever,
in whole or in part, unless required to do so by law.

The undersigned will not
use or disclose the Information in any manner which could result in a violation of any provision of the Securities Act of 1933, as amended
(the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration of any Certificate
not previously registered pursuant to Section 5 of the Securities Act.

5.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify the Depositor,
the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master Servicer, the Special
Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or
any of its Representatives.

6.       The
undersigned agrees that each time it accesses the [Master Servicer’s website][Certificate Administrator’s Website], the undersigned
is deemed to have recertified that the representations and covenants contained herein remain true and correct.

7.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

BY ITS CERTIFICATION HEREOF,
the undersigned has made the representations above and shall have caused, or shall be deemed to have caused, its name to be signed hereto
by its duly authorized signatory, as of the day and year written above.

    	 	M-1A-3	 

    

    

 

		[[Investment advisor
                            or manager of a] 

                            [Certificateholder] [Loan-Specific 

                            Certificateholder] [Certificate Owner] 

                            [Uncertificated VRR Interest Owner] 

                            [Prospective Purchaser][Risk Retention 

                            Consultation Party][Serviced Companion Loan 

                            Holder][Companion Loan Holder 

                            Representative]
	 	 

		By:	 

		Name:	 

		Company:	 

		Title:	 

		Phone:	 

 

 

    	 	M-1A-4	 

    

    

EXHIBIT M-1B

FORM OF INVESTOR CERTIFICATION FOR NON-BORROWER PARTY

(FOR THE CONTROLLING CLASS REPRESENTATIVE, A CONTROLLING CLASS CERTIFICATEHOLDER, THE LOAN-SPECIFIC CONTROLLING CLASS REPRESENTATIVE
AND/OR A LOAN-SPECIFIC CONTROLLING CLASS CERTIFICATEHOLDER)

[Date]

	
     

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

            as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division Head

    Fax number: (888) 706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association,

    as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-GC48

    Email: cmbstrustee@wilmingtontrust.com

     

	
    Computershare Trust Company, National Association,

        as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – CGCMT 2022-GC48

     

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Park Bridge Lender Services LLC

         as Operating Advisor and Asset 

Representations Reviewer

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance Manager

    (with a copy sent contemporaneously via

    email to 

cmbs.notices@parkbridgefinancial.com)

     

	
    Rialto Capital Advisors, LLC,

        as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

Rialto Capital Advisors, LLC,
	
    Greystone Servicing Company LLC,

    as a Special Servicer

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

    with a copy to:

    

    Jenna Unell, Senior Managing Director email: 

jenna.unell@greyco.com

     

    	 	M-1B-1	 

    

    

 

	
    

            as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah and Adam Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com, 

adam.singer@rialtocapital.com,
    and jeff.krasnoff@rialtocapital.com
	 

 

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

In accordance with the
requirements for obtaining certain information under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee, with respect to the above-referenced certificates (the “Certificates”), the undersigned hereby certifies
and agrees as follows:

1.       The
undersigned is [the Controlling Class Representative][a Controlling Class Certificateholder][the Loan-Specific Controlling Class Representative][a
Loan-Specific Controlling Class Certificateholder].

2.       The
undersigned is not a Borrower Party.

3.       The
undersigned is requesting access pursuant to the Agreement to certain information (the “Information”) on the Certificate
Administrator’s Website.

In consideration of the
disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential (except
from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing the related Certificates,
from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies to which the undersigned is
subject), and such Information will not, without the prior written consent of the Trustee, be otherwise disclosed by the undersigned or
by its officers, directors, partners, employees, agents or representatives (collectively, the “Representatives”) in
any manner whatsoever, in whole or in part, unless required to do so by law.

The undersigned will not
use or disclose the Information in any manner which could result in a violation of any provision of the Securities Act of 1933, as amended
(the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration of any Certificate
not previously registered pursuant to Section 5 of the Securities Act.

    	 	M-1B-2	 

    

    

4.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify the Depositor,
the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master Servicer, the Special
Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or
any of its Representatives.

5.       At
any time the undersigned becomes a Borrower Party with respect to any Mortgage Loan or Whole Loan, the undersigned shall deliver the certification
attached as Exhibit M-1C to the Agreement and shall deliver to the applicable parties the notices attached as Exhibit M-1F and Exhibit
M-1G to the Agreement.

6.       To the
extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise receives
access to such Excluded Information, the undersigned hereby agrees that it (i) will not directly or indirectly provide such Excluded Information
to (A) any related Borrower Party, (B) any Excluded Controlling Class Holder, (C) any employees or personnel of the undersigned, (D) any
Affiliate involved in the management of any investment in any related Borrower Party or the related Mortgaged Property or (E) to its actual
knowledge, any non-Affiliate that holds a direct or indirect ownership interest in any related Borrower Party, and (ii) will maintain
sufficient internal controls and appropriate policies and procedures in place in order to comply with the obligations described in clause
(i) above.

 

7.       The undersigned
agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have recertified that the
representations and covenants contained herein remain true and correct.

8.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the notice
provisions of the Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered mail, postage
prepaid.

9.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

BY ITS CERTIFICATION HEREOF,
the undersigned has made the representations above and shall have caused, or shall be deemed to have caused, its name to be signed hereto
by its duly authorized signatory, as of the day and year written above.

 

		[The Controlling Class Representative][a 

Controlling Class Certificateholder][the Loan-

Specific Controlling Class Representative][a 

Loan-Specific
Controlling Class 

Certificateholder]
	 	 

		By:	 

		Name:	 

		Title:	 

 

    	 	M-1B-3	 

    

    

		Company:	 

 

    	 	M-1B-4	 

    

    

EXHIBIT M-1C

FORM OF INVESTOR CERTIFICATION FOR BORROWER PARTY

(FOR THE CONTROLLING CLASS REPRESENTATIVE, A CONTROLLING CLASS CERTIFICATEHOLDER, THE LOAN-SPECIFIC CONTROLLING CLASS REPRESENTATIVE
AND/OR A LOAN-SPECIFIC CONTROLLING CLASS CERTIFICATEHOLDER)

[Date]

	
     

    Midland Loan Services, a Division of PNC 

Bank, National Association,

            as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division Head

    Fax number: (888) 706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association,

    as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-GC48

    Email: cmbstrustee@wilmingtontrust.com

     

	
    Computershare Trust Company, National 

Association,

        as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – 

CGCMT 2022-GC48

        with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Park Bridge Lender Services LLC

          as Operating Advisor and Asset Representations Reviewer

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance 

Manager

    (with a copy sent contemporaneously via

    email to 

cmbs.notices@parkbridgefinancial.com)

     

	
    Rialto Capital Advisors, LLC,

        as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

Rialto Capital Advisors, LLC,

            as a Special Servicer
	
    Greystone Servicing Company LLC,

    as a Special Servicer

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

    with a copy to:

    

    Jenna Unell, Senior Managing Director email: jenna.unell@greyco.com

     

    	 	M-1C-1	 

    

    

 

	
    

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah and Adam Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com, adam.singer@rialtocapital.com,
    and jeff.krasnoff@rialtocapital.com
	 

 

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

In accordance with the
requirements for obtaining certain information under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee, with respect to the above-referenced certificates (the “Certificates”), the undersigned hereby certifies
and agrees as follows:

1.       The
undersigned is [the Controlling Class Representative][a Controlling Class Certificateholder][the Loan-Specific Controlling Class Representative][a
Loan-Specific Controlling Class Certificateholder].

2.       The
undersigned is a Borrower Party with respect to the following Mortgage Loans (the “Excluded Controlling Class Mortgage Loans”):

	Mortgage Loan Number	Loan Name	Borrower Name
	 	 	 
	 	 	 
	 	 	 

3.       Except
with respect to the Excluded Controlling Class Mortgage Loans, the undersigned is requesting access pursuant to the Agreement to certain
information (the “Information”) on the Certificate Administrator’s Website.

In consideration of the
disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential (except
from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing the related Certificates,
from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies to which the undersigned is
subject), and such Information will not, without the prior written consent of the Trustee, be otherwise disclosed by the undersigned or
by its officers, directors, partners, employees, agents or representatives

    	 	M-1C-2	 

    

    

(collectively, the “Representatives”)
in any manner whatsoever, in whole or in part, unless required to do so by law.

The undersigned will not
use or disclose the Information in any manner which could result in a violation of any provision of the Securities Act of 1933, as amended
(the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration of any Certificate
not previously registered pursuant to Section 5 of the Securities Act.

4.       The
undersigned hereby acknowledges and agrees that it is prohibited from accessing, reviewing and using, and shall not access, review or
use, Excluded Information (as defined in the Agreement) relating to the Excluded Controlling Class Mortgage Loans to the extent the undersigned
receives access to such Excluded Information on the Certificate Administrator’s Website or otherwise receives access to such Excluded
Information in connection with its duties, or exercise of its rights pursuant to the Agreement.

5.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify the Depositor,
the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master Servicer, the Special
Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or
any of its Representatives.

6.       To
the extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise receives
access to such Excluded Information, the undersigned hereby agrees that it (i) will not directly or indirectly provide such Excluded Information
to (A) any related Borrower Party, (B) any Excluded Controlling Class Holder, (C) any employees or personnel of the undersigned, (D) any
Affiliate involved in the management of any investment in any related Borrower Party or the related Mortgaged Property or (E) to its actual
knowledge, any non-Affiliate that holds a direct or indirect ownership interest in any related Borrower Party, and (ii) will maintain
sufficient internal controls and appropriate policies and procedures in place in order to comply with the obligations described in clause
(i) above.

    	 	M-1C-3	 

    

    

7.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have recertified
that the representations and covenants contained herein remain true and correct.

8.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the notice
provisions of the Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered mail, postage
prepaid.

9.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

BY ITS CERTIFICATION HEREOF,
the undersigned has made the representations above and shall have caused, or shall be deemed to have caused, its name to be signed hereto
by its duly authorized signatory, as of the day and year written above.

 

		[The Controlling Class Representative] [a 

Controlling Class Certificateholder][the Loan-

Specific Controlling Class Representative][a 

Loan-Specific
Controlling Class 

Certificateholder]
	 	 

		By:	 

		Name:	 

		Title:	 

		Company:	 

 

    	 	M-1C-4	 

    

    

EXHIBIT M-1D

FORM OF INVESTOR CERTIFICATION for
Borrower PartY

(for Persons other than the CONTROLLING CLASS REPRESENTATIVE, a Controlling Class Certificateholder, A RISK RETENTION CONSULTATION
PARTY, A HOLDER OF CLASS VRR CERTIFICATE(S), THE UNCERTIFICATED VRR INTEREST OWNER, THE LOAN-SPECIFIC CONTROLLING CLASS REPRESENTATIVE
AND/OR A LOAN-SPECIFIC CONTROLLING CLASS CERTIFICATEHOLDER)

[Date]

	
     

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

    as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division Head

    Fax number: (888) 706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association,

    as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-GC48

    Email: cmbstrustee@wilmingtontrust.com

     

	
    Computershare Trust Company, National Association,

    as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Park Bridge Lender Services LLC

    as Operating Advisor and Asset Representations Reviewer

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance Manager

    with a copy sent via email to: cmbs.notices@parkbridgefinancial.com
    (with CGCMT 2022-GC48 in the subject line)

     

	
    Rialto Capital Advisors, LLC,

    as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

Rialto Capital Advisors, LLC,
	
    Greystone Servicing Company LLC,

    as a Special Servicer

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

    with a copy to:

    

    Jenna Unell, Senior Managing Director email: jenna.unell@greyco.com

     

     

    	 	M-1D-1	 

    

    

 

	
    

            as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah and Adam Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com, 

adam.singer@rialtocapital.com,
    and jeff.krasnoff@rialtocapital.com
	 

		Re:	Citigroup Commercial Mortgage Trust 2022-GC48,
                                            Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

In accordance with the
requirements for obtaining certain information under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee, with respect to the above-referenced certificates (the “Certificates”), the undersigned hereby certifies
and agrees as follows:

1.       The
undersigned is [the][a] [[investment advisor or manager of a][Certificateholder][Loan-Specific Certificateholder][Certificate Owner][prospective
purchaser] of the Class ___ Certificates][Serviced Companion Loan Holder][Companion Loan Holder Representative].

2.       The
undersigned is not the Controlling Class Representative, a Controlling Class Certificateholder, the Loan-Specific Controlling Class Representative
or a Loan-Specific Controlling Class Certificateholder.

3.       The
undersigned is not a Risk Retention Consultation Party and is neither a Holder of any Class VRR Certificate nor the Uncertificated VRR
Interest Owner.

4.       The
undersigned has received a copy of the Prospectus.26

5.       Check
all applicable box(es):

	 	☐	The undersigned is a Borrower Party 

 

 

 

26 Only required for a Certificateholder, a Certificate
Owner or a prospective purchaser of a Certificate (or an investment advisor or manager of the foregoing).

 

    	 	M-1D-2	 

    

    

	 	☐	The undersigned is a Consulting Party with respect to a Whole Loan and the undersigned is a “borrower party”, “borrower
restricted party”, “restricted holder” or any other analogous concept under the related Co-Lender Agreement.

6.       The
undersigned is requesting access pursuant to the Agreement to the Distribution Date Statement (the “Information”) on
the Certificate Administrator’s Website.

In consideration of the
disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential (except
from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing the related Certificates
or the related Companion Loan (as and if applicable), from its accountants and attorneys, and otherwise from such governmental or banking
authorities or agencies to which the undersigned is subject and, if they execute and deliver a certification substantially similar to
this, except from holders, beneficial owners and prospective purchasers of any related Companion Loan Securities (if applicable)), and
such Information will not, without the prior written consent of the Trustee, be otherwise disclosed by the undersigned or by its officers,
directors, partners, employees, agents or representatives (collectively, the “Representatives”) in any manner whatsoever,
in whole or in part, unless required to do so by law.

The undersigned will not
use or disclose the Information in any manner which could result in a violation of any provision of the Securities Act of 1933, as amended
(the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration of any Certificate
not previously registered pursuant to Section 5 of the Securities Act.

7.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify the Depositor,
the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master Servicer, the Special
Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or
any of its Representatives.

8.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have recertified
that the representations and covenants contained herein remain true and correct.

9.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the notice
provisions of the Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered mail, postage
prepaid.

10.     Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY ITS CERTIFICATION HEREOF, the undersigned has made
the representations above and shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly authorized
signatory, as of the day and year written above.

 

    	 	M-1D-3	 

    

    

 

		 	[[Investment advisor or manager of a] 
	 	 	[Certificateholder] [Loan-Specific 

Certificateholder] [Certificate 

Owner][Prospective Purchaser]]

[Serviced Companion Loan Holder][Companion 

Loan Holder Representative]
	 	 	 

		By:	 

		Name:	 

		Title:	 

		Company:	 

		Phone:	 

 

 

    	 	M-1D-4	 

    

    

EXHIBIT M-1E

FORM OF INVESTOR CERTIFICATION for
Borrower PartY

(for A Risk Retention Consultation Party, a Holder of Class VRR Certificate(S) OR THE UNCERTIFICATED VRR INTEREST OWNER)

[Date]

	
     

    Midland Loan Services, a Division of PNC 

Bank, National Association,

            as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – 

Division Head

    Fax number: (888) 706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association,

    as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-GC48

    Email: cmbstrustee@wilmingtontrust.com

     

	
    Computershare Trust Company, National 

Association,

        as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – 

CGCMT 2022-GC48

        with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Park Bridge Lender Services LLC

          as Operating Advisor and Asset 

Representations Reviewer

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance 

Manager

    (with a copy sent contemporaneously via

    email to cmbs.notices@parkbridgefinancial.com)

     

	
    Rialto Capital Advisors, LLC,

        as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

Rialto Capital Advisors, LLC,

      as a Special Servicer

Southeast Financial Center

200 S. Biscayne Blvd, Suite 3550

	
    Greystone Servicing Company LLC,

    as a Special Servicer

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

    with a copy to:

    

    Jenna Unell, Senior Managing Director email: jenna.unell@greyco.com

     

    	 	M-1E-1	 

    

    

 

	
    

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah and 

Adam Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com, 

adam.singer@rialtocapital.com,
    and jeff.krasnoff@rialtocapital.com
	 

		Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through
Certificates, Series 2022-GC48

In accordance with the
requirements for obtaining certain information under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee, with respect to the above-referenced certificates (the “Certificates”), the undersigned hereby certifies
and agrees as follows:

1.       The
undersigned is a Risk Retention Consultation Party, a Holder of the Class VRR Certificates or the Uncertificated VRR Interest Owner.

2.       The
undersigned has received a copy of the Prospectus.

3       Check
all applicable box(es):

	 	☐	The undersigned is a Borrower Party 

		☐	The undersigned is a Consulting Party with respect to a Whole Loan and the undersigned is a “borrower
party”, “borrower restricted party”, “restricted holder” or any other analogous concept under the related
Co-Lender Agreement.

4.       The
undersigned is requesting access pursuant to the Agreement to the Distribution Date Statement (the “Information”) on
the Certificate Administrator’s Website.

In consideration of the
disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential (except
from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing the related Certificates
or the related Companion Loan (as and if applicable), from its accountants and attorneys, and otherwise from such governmental or banking
authorities or agencies to which the undersigned is subject and, if they execute and deliver a certification substantially similar to
this, except from holders, beneficial owners and prospective purchasers of any related Companion Loan Securities (if applicable)), and
such Information will not, without the prior written consent of the Trustee, be otherwise disclosed by the undersigned or by

    	 	M-1E-2	 

    

    

its officers, directors, partners, employees,
agents or representatives (collectively, the “Representatives”) in any manner whatsoever, in whole or in part, unless
required to do so by law.

The undersigned will not
use or disclose the Information in any manner which could result in a violation of any provision of the Securities Act of 1933, as amended
(the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require registration of any Certificate
not previously registered pursuant to Section 5 of the Securities Act.

5.       To
the extent undersigned receives access pursuant to the Agreement to any information relating to an Excluded RRCP Mortgage Loan (or a Mortgage
Loan with respect to which the undersigned is otherwise a Borrower Party) and/or the related Mortgaged Property (which shall include any
Major Decision Reporting Package, Asset Status Reports, Final Asset Status Reports (or summaries thereof), inspection reports related
to Specially Serviced Loans conducted by the Special Servicer or any Excluded Mortgage Loan Special Servicer and which may include any
Operating Advisor reports delivered to the Certificate Administrator regarding the Special Servicer’s net present value determination,
Collateral Deficiency Amount determination or any Appraisal Reduction Amount calculations, and any Officer’s Certificates delivered
by the Trustee, the Master Servicer or the Special Servicer, supporting any determination that any Advance was (or, if made, would be)
a Nonrecoverable Advance, but in each case other than information with respect to such Mortgage Loan that is aggregated with information
of other Mortgage Loans at a pool level), whether on the Certificate Administrator’s Website or otherwise, the undersigned hereby
agrees that it (i) will not provide any such information to (A) any related Borrower Party, (B) any employees or personnel of the
undersigned or any of its Affiliates involved in the management of any investment in the related Borrower Party or the related Mortgaged
Property or (C) to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest in the related Borrower
Party, and (ii) will maintain sufficient internal controls and appropriate policies and procedures in place in order to comply with the
limitations described in clause (i) above. For the avoidance of doubt, any file or report contained in the CREFC®
Investor Reporting Package (CREFC® IRP) (other than the CREFC® Special Servicer Loan File relating to any
such Excluded Mortgage Loan) shall be considered information that is aggregated with information of other Mortgage Loans at a pool level.

6.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify the Depositor,
the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master Servicer, the Special
Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or
any of its Representatives.

7.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have recertified
that the representations and covenants contained herein remain true and correct.

8.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the notice
provisions of the Agreement to each

    	 	M-1E-3	 

    

    

of the addressees listed above (a) by overnight
courier or (b) mailed by registered mail, postage prepaid.

9.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY ITS CERTIFICATION HEREOF, the undersigned has made
the representations above and shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly authorized
signatory, as of the day and year written above.

 

	 	[Risk Retention Consultation Party][Holder of Class

 		 

VRR Certificate(s)] [Uncertificated VRR 

Interest Owner]
	 	 

 		By:	 

 		Name:	 

 		Title:	 

 		Company:	 

		Phone:	 

  

 

    	 	M-1E-4	 

    

    

EXHIBIT M-1F

FORM OF NOTICE OF EXCLUDED CONTROLLING CLASS
HOLDER

[Date]

	
     

    Midland Loan Services, a Division of PNC 

Bank, National Association,

          as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – 

Division Head

    Fax number: (888) 706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association,

    as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-GC48

    Email: cmbstrustee@wilmingtontrust.com

     

	
    Computershare Trust Company, National Association,

          as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – CGCMT 2022-GC48

          with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Park Bridge Lender Services LLC

         as Operating Advisor and Asset 

Representations Reviewer

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance 

Manager

    (with a copy sent contemporaneously via

    email to cmbs.notices@parkbridgefinancial.com)

     

	
    Rialto Capital Advisors, LLC,

          as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

Rialto Capital Advisors, LLC,

      as a Special Servicer

Southeast Financial Center

200 S. Biscayne Blvd, Suite 3550

Miami, Florida 33131

Attention: Jeff Krasnoff, Niral Shah and 

Adam Singer

	
    Greystone Servicing Company LLC,

    as a Special Servicer

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

    with a copy to:

    

    Jenna Unell, Senior Managing Director email: 

jenna.unell@greyco.com

     

    	 	M-1F-1	 

    

    

 

	
    

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com, adam.singer@rialtocapital.com,
    and jeff.krasnoff@rialtocapital.com
	 

 

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

THIS NOTICE IDENTIFIES AN “EXCLUDED CONTROLLING
CLASS MORTGAGE LOAN” RELATING TO THE Citigroup Commercial Mortgage Trust 2022-GC48, Commercial
Mortgage Pass-Through Certificates, Series 2022-GC48, REQUIRING ACTION BY YOU AS THE RECIPIENT PURSUANT TO SECTION 4.02(A) OF THE
POOLING AND SERVICING AGREEMENT.

In accordance with Section 4.02(a) of the Pooling
and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”), between Citigroup Commercial Mortgage Securities
Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company
LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a
Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company,
National Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee, with respect to the above-referenced
certificates (the “Certificates”), the undersigned (the “Excluded Controlling Class Holder”) hereby
certifies and agrees as follows:

1.                 
The undersigned is [the Controlling Class Representative] [a Controlling Class Certificateholder][the Loan-Specific Controlling
Class Representative][a Loan-Specific Controlling Class Certificateholder] as of the date hereof.

2.                 
The undersigned has become an Excluded Controlling Class Holder with respect to the following [Mortgage Loan(s)][and][Whole Loan(s)]
(“Excluded Controlling Class Mortgage Loans”):

 

	Mortgage Loan Number	Loan Name	Borrower Name
	 	 	 
	 	 	 
	 	 	 

3.                 
As of the date above, the undersigned is the beneficial owner of the following Certificates, and is providing the below information
to the addressees hereto for purposes of their compliance with the Pooling and Servicing Agreement, including, among other things, the
Certificate Administrator’s determination as to whether a Consultation Termination

    	 	M-1F-2	 

    

    

Event or Control Termination Event is in effect with respect to
the Excluded Controlling Class Mortgage Loans listed in paragraph 2 if any such Mortgage Loan is an Excluded Mortgage Loan:

 

	CUSIP	Class	Outstanding Certificate Balance	Initial Certificate Balance
	 	 	 	 
	 	 	 	 
	 	 	 	 

4.                 
The undersigned is simultaneously providing notice to the Certificate Administrator in the form of Exhibit M-1G to the Pooling
and Servicing Agreement, requesting termination of access to any Excluded Information. The undersigned acknowledges that it is not permitted
to access and shall not access any Excluded Information related to the Excluded Controlling Class Mortgage Loans and made available on
the Certificate Administrator’s Website or otherwise pursuant to the Agreement unless and until it (i) is no longer an Excluded
Controlling Class Holder with respect to such Excluded Controlling Class Mortgage Loans, (ii) has delivered notice of the termination
of the related Excluded Controlling Class Holder status and (iii) has submitted a new Investor Certification in accordance with Section
4.02(a) of the Agreement.

5.                 
The undersigned agrees to indemnify and hold harmless each party to the Agreement, the Underwriters, the Initial Purchasers and
the Trust Fund from any damage, loss, cost or liability (including legal fees and expenses and the cost of enforcing this indemnity) arising
out of or resulting from any unauthorized access by the undersigned or any agent, employee, representative or person acting on its behalf
of any Excluded Information relating to the Excluded Controlling Class Mortgage Loans listed in Paragraph 2 above.

6.                 
The undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have
recertified that the representations and covenants contained herein remain true and correct.

 

7.                 
Except with respect to the Excluded Controlling Class Mortgage Loans, the undersigned is requesting access pursuant to the Agreement
to certain information (the “Information”) on the Certificate Administrator’s Website. In consideration of the
disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential (except
from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing the related Certificates,
from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies to which the undersigned is
subject), and such Information will not, without the prior written consent of the Trustee, be otherwise disclosed by the undersigned or
by its officers, directors, partners, employees, agents or representatives (collectively, the “Representatives”) in
any manner whatsoever, in whole or in part, unless required to do so by law. The undersigned

 

    	 	M-1F-3	 

    

    

will not use or disclose the Information in any manner which could result
in a violation of any provision of the Securities Act of 1933, as amended (the “Securities Act”), or the Securities
Exchange Act of 1934, as amended, or would require registration of any Certificate not previously registered pursuant to Section 5 of
the Securities Act.

8.                 
To the extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise
receives access to such Excluded Information, the undersigned hereby agrees that it (i) will not directly or indirectly provide such Excluded
Information to (A) any related Borrower Party, (B) any Excluded Controlling Class Holder, (C) any employees or personnel of the undersigned,
(D) any Affiliate involved in the management of any investment in any related Borrower Party or the related Mortgaged Property or (E)
to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest in any related Borrower Party, and (ii)
will maintain sufficient internal controls and appropriate policies and procedures in place in order to comply with the obligations described
in clause (i) above.

9.                 
The undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with
the notice provisions of the Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered mail,
postage prepaid.

Capitalized terms used but not defined herein
have the respective meanings given to them in the Agreement.

IN WITNESS WHEREOF, the undersigned has made
the representations above and shall have caused, or shall be deemed to have caused, its name to be signed hereto by its duly authorized
signatory, as of the day and year written above.

	 	 	 	 
	 	 	 	 
	 	[Controlling Class Representative] [a Controlling 

Class Certificateholder][the Loan-Specific 

Controlling Class Representative][a Loan-Specific

Controlling Class Certificateholder]

 

	 	 	 
		By:	 
	 	 	Name:

Title:

Phone:

Email:

Address:

 

    	 	M-1F-4	 

    

    

EXHIBIT M-1G

FORM OF NOTICE OF EXCLUDED CONTROLLING CLASS
HOLDER TO CERTIFICATE ADMINISTRATOR

[Date]

	
    Via: Email

    Computershare Trust Company, National 

Association,

         as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – CGCMT 

2022-GC48

         Email:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	 

 

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

In accordance with Section 4.02(a) of the Pooling
and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”), between Citigroup Commercial Mortgage Securities
Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital
Advisors, LLC, solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services
LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator,
and Wilmington Trust, National Association, as Trustee, with respect to the above-referenced certificates (the “Certificates”),
the undersigned (the “Excluded Controlling Class Holder”) hereby directs you as follows:

1.                 
The undersigned is [the Controlling Class Representative] [a Controlling Class Certificateholder][the Loan-Specific Controlling
Class Representative][a Loan-Specific Controlling Class Certificateholder] as of the date hereof.

2.                 
The undersigned has become an Excluded Controlling Class Holder with respect to the following [Mortgage Loan(s)][and][Whole Loan(s)]
(“Excluded Controlling Class Mortgage Loans”):

 

	Mortgage Loan Number	Loan Name	Borrower Name
	 	 	 

 

    	 	M-1G-1	 

    

    

 

	 	 	 
	 	 	 

3.                 
The following CTSLink Login USER IDs are affiliated with the undersigned and access to any information on the Certificate Administrator’s
Website with respect to the Citigroup Commercial Mortgage Trust 2022-GC48 securitization should be revoked as to such users:

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

4.                 
The undersigned acknowledges that it is not permitted to access and shall not access any Excluded Information with respect to such
Excluded Controlling Class Mortgage Loan(s) on the Certificate Administrator’s Website unless and until it (i) is no longer an Excluded
Controlling Class Holder with respect to such Excluded Controlling Class Mortgage Loan(s), (ii) has delivered notice of the termination
of the related Excluded Controlling Class Holder status and (iii) has submitted an investor certification in the form of Exhibit M-1B
to the Pooling and Servicing Agreement.

Capitalized terms used but not defined herein
have the respective meanings given to them in the Agreement.

IN WITNESS WHEREOF, the undersigned has made
the representations above and shall have caused, or shall be deemed to have caused, its name to be signed hereto by its duly authorized
signatory, as of the day and year written above.

	 	 	 	 
	 	 	 	 
	 	[Controlling Class Representative] [a Controlling 

Class Certificateholder][the Loan-Specific 

Controlling Class Representative][a Loan-Specific

Controlling Class Certificateholder]

	 	 	 
		By:	 
	 	 	Name:

Title:

Phone:

Email:

Address:

Dated: _______

 

cc: Citigroup Commercial Mortgage Securities Inc.

 

    	 	M-1G-2	 

    

    

The undersigned hereby acknowledges that

access to CTSLink has been revoked for

the users listed in Paragraph 3.

Computershare Trust Company,
National Association,

Certificate Administrator

 

	 	 
	Name:	 
	Title:	 

    	 	M-1G-3	 

    

    

EXHIBIT M-1H

Form
of Certification of the Controlling Class Representative and the LOAN-SPECIFIC Controlling Class Representative

[Date]

	
     

    Midland Loan Services, a Division of PNC 

Bank, National Association,

         as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Fax number: (888) 706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association,

    as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-GC48

    Email: cmbstrustee@wilmingtontrust.com

     

	
    Computershare Trust Company, National 

Association,

    as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – 

CGCMT 2022-GC48

     

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
     

    Park Bridge Lender Services LLC

          as Operating Advisor and Asset Representations Reviewer

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance Manager

    (with a copy sent contemporaneously via

    email to cmbs.notices@parkbridgefinancial.com)

     

	
    Rialto Capital Advisors, LLC,

    as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

Rialto Capital Advisors, LLC,

      as a Special Servicer

Southeast Financial Center

200 S. Biscayne Blvd, Suite 3550

Miami, Florida 33131

Attention: Jeff Krasnoff, Niral Shah and Adam

	
    Greystone Servicing Company LLC,

    as a Special Servicer

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

    with a copy to:

    

    Jenna Unell, Senior Managing Director 

email: jenna.unell@greyco.com

     

    	 	M-1H-1	 

    

    

 

	
    Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com, adam.singer@rialtocapital.com,
    and jeff.krasnoff@rialtocapital.com
	 

 

	 	Re:  	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage
  Pass-Through Certificates, Series 2022-GC48

In accordance with Section
6.09(d) of the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”), between Citigroup Commercial
Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Greystone
Servicing Company LLC and Rialto Capital Advisors, LLC, each as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor
and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee, with respect to the above-referenced certificates (the “Certificates”), the
undersigned hereby certifies and agrees as follows:

1.       The
undersigned has been appointed to act as the [Controlling Class Representative][Loan-Specific Controlling Class Representative]. [The
undersigned’s address for the purposes of Section 12.04 of the Pooling and Servicing Agreement is as follows: [INSERT ADDRESS
OF CONTROLLING CLASS REPRESENTATIVE OR LOAN-SPECIFIC CONTROLLING CLASS REPRESENTATIVE, AS APPLICABLE]27.

2.       The
undersigned is not a Borrower Party.

3.       If
the undersigned becomes a Borrower Party with respect to any Mortgage Loan or Whole Loan, the undersigned agrees to and shall deliver
the certification attached as Exhibit M-1C to the Pooling and Servicing Agreement and shall deliver to the applicable parties the notices
attached as Exhibit M-1F and Exhibit M-1G to the Pooling and Servicing Agreement.

4.       The
undersigned hereby certifies that an executed copy of this certification has been delivered to the Certificate Administrator (which party
is required to forward this notice to each of the other addressees listed above pursuant to Section 6.09(d) of the Pooling and
Servicing Agreement) in accordance with the notice provisions of the Pooling and Servicing Agreement (a) by overnight courier, (b) mailed
by registered mail, postage prepaid, or (c) if the electronic mail address of the Certificate Administrator is specified in the notice
provisions of the Pooling and Servicing Agreement, by electronic mail.

5.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

 

27
Applicable for a Controlling Class Representative that is not the initial Controlling Class Representative.

 

    	 	M-1H-2	 

    

    

BY ITS CERTIFICATION HEREOF,
the undersigned shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly authorized signatory, as
of the date certified.

	 	 	 
	 	 	 
	 	[The Controlling Class Representative][The
	 	 	 Loan-Specific Controlling Class 

Representative]

	 	 	 
		By:	 
	 	 	Title:

Company:

Phone:

 

    	 	M-1H-3	 

    

    

EXHIBIT M-1I

Form
of Certification of A Risk Retention Consultation Party

	
     

    Midland Loan Services, a Division of PNC 

Bank, National Association,

         as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division Head

    Fax number: (888) 706-3565

    Email: NoticeAdmin@midlandls.com
	
    Wilmington Trust, National Association,

    as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-GC48

    Email: cmbstrustee@wilmingtontrust.com

	
    Computershare Trust Company, National 

Association,

          as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – CGCMT 

2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    Park Bridge Lender Services LLC

         as Operating Advisor and Asset 

Representations Reviewer

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance 

Manager

    (with a copy sent contemporaneously via

    email to 

cmbs.notices@parkbridgefinancial.com)

     

	
    Rialto Capital Advisors, LLC,

          as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

Rialto Capital Advisors, LLC,

      as a Special Servicer

Southeast Financial Center

200 S. Biscayne Blvd, Suite 3550

Miami, Florida 33131

Attention: Jeff Krasnoff, Niral Shah and Adam

	
    Greystone Servicing Company LLC,

    as a Special Servicer

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

    with a copy to:

     

    Jenna Unell, Senior Managing Director email: jenna.unell@greyco.com

Citigroup Commercial Mortgage Securities Inc.

388 Greenwich Street, 6th Floor

New York, New York 10013

Attention: Richard Simpson

Telecopy number: (646) 328-2943

E-mail: richard.simpson@citi.com

 

    	 	M-1I-1	 

    

    

 

	
    Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com, adam.singer@rialtocapital.com,
    and jeff.krasnoff@rialtocapital.com
	
    

     

	
     

    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     
	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

     

 

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

In accordance with Section
6.09(i) of, and the definition of “Risk Retention Consultation Party” in, the Pooling and Servicing Agreement, the undersigned
hereby certifies and agrees as follows:

1.       The
undersigned has been appointed to act as the [VRR1][VRR2] Risk Retention Consultation Party.

2.       The
undersigned’s address for the purposes of Section 12.04 of the Pooling and Servicing Agreement is as follows:

[INSERT ADDRESS OF RISK
RETENTION CONSULTATION PARTY]

3.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the notice
provisions of the Pooling and Servicing Agreement to each of the addressees listed above (a) by overnight courier, (b) mailed by registered
mail, postage prepaid or (c) if the electronic mail address of the Certificate Administrator is specified in the notice provisions of
the Pooling and Servicing Agreement, by electronic mail.

4.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

BY ITS CERTIFICATION HEREOF,
the undersigned shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly authorized signatory, as
of the date certified.

    	 	M-1I-2	 

    

    

	 	[RISK RETENTION CONSULTATION PARTY]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

Dated:  _________________

 

EXHIBIT M-2A

FORM OF INVESTOR CERTIFICATION FOR EXERCISING
VOTING RIGHTS OR POOLED VOTING RIGHTS FOR NON-BORROWER PARTY

 

[Date]

 

Computershare Trust Company, National Association,

as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CGCMT 2022-GC48

with a copy to:

cts.cmbs.bond.admin@wellsfargo.com

trustadministrationgroup@wellsfargo.com

 

 

	Attention:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage
  Pass-Through Certificates, Series 2022-GC48

In accordance with the
requirements for the exercise of Voting Rights pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee, with respect to the above-referenced certificates, the undersigned hereby certifies and agrees as follows:

    	 	M-1I-3	 

    

    

1.       The
undersigned is a [Certificateholder] [Loan-Specific Certificateholder] [Certificate Owner] of Class ___ Certificates [with an aggregate
[principal balance][notional amount] of $[________]][representing a [__]% Percentage Interest in the applicable Class].

2.       The
undersigned has received a copy of the Prospectus.

3.       The
undersigned is not a Borrower Party.

4.       The
undersigned is not the Uncertificated VRR Interest Owner.

5.       The
undersigned is permitted and intends to exercise Voting Rights [or Pooled Voting Rights]1
under the Agreement and certifies that (please check one of the following):

		___	The undersigned is the Depositor, the Master Servicer, the Special Servicer, an Excluded Mortgage Loan
Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer or a Mortgage
Loan Seller, and the undersigned is not prohibited from such exercise of Voting Rights [or Pooled Voting Rights]2
based on the definition of “Certificateholder” in the Agreement by reason of acting in such capacity.

		___	The undersigned is an Affiliate of the Depositor, the Master Servicer, the Special Servicer, an Excluded
Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer
or a Mortgage Loan Seller, and the undersigned is not prohibited from such exercise of Voting Rights [or Pooled Voting Rights]2
based on the definition of “Certificateholder” in the Agreement by reason of its Affiliate acting in such capacity.

		___	The undersigned is not the Depositor, the Master Servicer, the Special Servicer, an Excluded Mortgage
Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, a Mortgage
Loan Seller or an Affiliate of any of the foregoing.

6.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its officers, directors, partners, employees, agents
or representatives (collectively, the “Representatives”) and shall indemnify the Depositor, the Operating Advisor,
the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master Servicer, the Special Servicer and the Trust
Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any of its Representatives.

7.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

 

1
Applicable only in the case of Certificateholders or Certificate Owners of Certificates.

2
Applicable only in the case of Certificateholders or Certificate Owners of Certificates.

 

    	 	M-2A-2	 

    

    

BY ITS CERTIFICATION
HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be signed hereto by its duly
authorized signatory, as of the day and year written above.

 
 		[Certificateholder] [Loan-Specific 
	 	 	Certificateholder] [Certificate Owner]
	 	 	 

 		By:	 

 		Name:	 

 		Title:	 

 		Company:	 

		Phone:	 

  

 

 

 

    	 	M-2A-3	 

    

    

EXHIBIT M-2B

FORM OF INVESTOR CERTIFICATION FOR EXERCISING
VOTING RIGHTS OR POOLED VOTING RIGHTS FOR BORROWER PARTY

 

[Date]

 

Computershare Trust Company, National Association,

as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CGCMT 2022-GC48

    with a copy to:

cts.cmbs.bond.admin@wellsfargo.com

trustadministrationgroup@wellsfargo.com

 

 

 

	Attention:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage
  Pass-Through Certificates, Series 2022-GC48

In accordance with the
requirements for the exercise of Voting Rights pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee, with respect to the above-referenced certificates, the undersigned hereby certifies and agrees as follows:

1.       The
undersigned is a [Certificateholder] [Loan-Specific Certificateholder] [Certificate Owner] of Class ___ Certificates [with an aggregate
[principal balance][notional amount] of $[________]][representing a [__]% Percentage Interest in the applicable Class].

2.       The
undersigned has received a copy of the Prospectus.

3.       The
undersigned is a Borrower Party.

4.       Check
one of the following:

☐       The
undersigned is not the Controlling Class Representative, a Controlling Class Certificateholder, the Loan-Specific Controlling Class Representative
or a Loan-Specific Controlling Class Certificateholder.

 

    	 	M-2B-1	 

    

    

☐       The
undersigned is [the Controlling Class Representative] [a Controlling Class Certificateholder][the Loan-Specific Controlling Class Representative][a
Loan-Specific Controlling Class Certificateholder]. The undersigned is an Excluded Controlling Class Holder with respect to the following
[Mortgage Loan(s)][and][Whole Loan(s)] (“Excluded Controlling Class Mortgage Loans”):

 

	Mortgage Loan Number	Loan Name	Borrower Name
	 	 	 
	 	 	 

5.       The
undersigned is not the Uncertificated VRR Interest Owner.

6.       The
undersigned is permitted and intends to exercise Voting Rights [or Pooled Voting Rights]*
under the Agreement and certifies that (please check all that apply):

		___	Such exercise of Voting Rights [or Pooled Voting Rights]* does not involve giving any consent,
approval or waiver or taking any other action with respect to any Mortgage Loan as to which the undersigned is a Borrower Party.

		___	The undersigned is not the Depositor, the Master Servicer, the Special Servicer, an Excluded Mortgage
Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, a Mortgage
Loan Seller or an Affiliate of any of the foregoing.

		___	The undersigned is the Depositor, the Master Servicer, the Special Servicer, an Excluded Mortgage Loan
Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer or a Mortgage
Loan Seller, and the undersigned is not prohibited from such exercise of Voting Rights [or Pooled Voting Rights]* based on the definition
of “Certificateholder” in the Agreement by reason of acting in such capacity.

		___	The undersigned is an Affiliate of the Depositor, the Master Servicer, the Special Servicer, an Excluded
Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer
or a Mortgage Loan Seller, and the undersigned is not prohibited from such exercise of Voting Rights [or Pooled Voting Rights]*
based on the definition of “Certificateholder” in the Agreement by reason of its Affiliate acting in such capacity.

		7.	The undersigned shall be fully liable for any breach of this agreement by itself or any of its officers,
directors, partners, employees, agents or representatives

 

 

* Applicable only in the case of Certificateholders
or Certificate Owners of Certificates.

 

    	 	M-2B-2	 

    

    

(collectively, the “Representatives”)
and shall indemnify the Depositor, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee,
the Master Servicer, the Special Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such
breach by the undersigned or any of its Representatives.

8.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

BY ITS CERTIFICATION HEREOF,
the undersigned has made the representations above and shall be deemed to have caused its name to be signed hereto by its duly authorized
signatory, as of the day and year written above.

 
 		[Certificateholder] [Loan-Specific 
	 	 	Certificateholder] [Certificate Owner]
	 	 	 

 		By:	 

 		Name:	 

 		Title:	 

 		Company:	 

		Phone:	 

  

    	 	M-2B-3	 

    

    

EXHIBIT M-3

FORM OF ONLINE VENDOR CERTIFICATION

 

This Certification has
been prepared for provision of information to the market data providers listed in Paragraph 1 below pursuant to the direction of the Depositor.
If you represent a Vendor Provider not listed herein and would like access to the information, please contact [the Certificate Administrator’s
customer service desk at [1-866-846-4526]]

In connection with the
Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48 (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

1.       The
undersigned is an employee or agent of Bloomberg, L.P., Trepp, LLC, Intex Solutions, Inc., BlackRock Financial Management Inc., CMBS.com,
Inc., Moody’s Analytics, Markit Group Limited, RealINSIGHT, Thompson Reuters Corporation, Intercontinental Exchange | ICE Data Services,
KBRA Analytics, LLC or a market data provider that has been given access to the Distribution Date Statements, CREFC reports and supplemental
notices on www.ctslink.com (“CTSLink”) by request of the Depositor.

2.       The
undersigned agrees that each time it accesses CTSLink, the undersigned is deemed to have recertified that the representation above remains
true and correct.

3.       The
undersigned acknowledges and agrees that the provision to it of information and/or reports on CTSLink is for its own use only, and agrees
that it will not disseminate or otherwise make such information available to any other person without the written consent of the Depositor,
and any confidentiality agreement applicable to the undersigned with respect to information obtained from the Rule 17g-5 Information Provider’s
Website shall also be applicable to information obtained from CTSLink.

4.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement, dated as
of June 1, 2022, between Citigroup Commercial Mortgage Securities Inc., as depositor (the “Depositor”), Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto
Capital Advisors, LLC, solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender
Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate
Administrator, and Wilmington Trust, National Association, as Trustee.

    	 	M-3-1	 

    

    

BY ITS CERTIFICATION HEREOF,
the undersigned has made the representations above and shall be deemed to have caused its name to be signed hereto by its duly authorized
signatory, as of the date certified.

  

		[                                   ]

 		By:	 

 		Name:	 

 		Title:	 

 		Company:	 

		Phone:	 

  

    	 	M-3-2	 

    

    

EXHIBIT M-4

FORM OF CONFIDENTIALITY AGREEMENT

 

	
    Midland Loan Services, a Division of PNC 

Bank, National Association,

                   as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Fax number: (888) 706-3565

    Email: NoticeAdmin@midlandls.com

     
	
    Citigroup Commercial Mortgage Securities 

Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     

	
    Wilmington Trust, National Association,

    as Trustee

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT 2022-

GC48

    Email: cmbstrustee@wilmingtontrust.com

     
	
    Citigroup Commercial Mortgage Securities 

Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     

	
    Rialto Capital Advisors, LLC,

    as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:
	
    Citigroup Commercial Mortgage Securities 

Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

     

	
    Rialto Capital Advisors, LLC,

         as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah and Adam Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com, adam.singer@rialtocapital.com,
    and jeff.krasnoff@rialtocapital.com
	
    Greystone Servicing Company LLC,

    as a Special Servicer

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

    with a copy to:

     

    Jenna Unell, Senior Managing Director email: jenna.unell@greyco.com

 

    	 	M-4-1	 

    

    

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

Ladies and Gentlemen:

In connection with the Citigroup
Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48 (the “Certificates”),
we acknowledge that we will be furnished by [Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer][,][and]
[Greystone Servicing Company LLC, as a Special Servicer] [,][and] [Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a Special Servicer] (and may have been previously furnished) with certain information (the “Information”).
For the purposes of this letter agreement (this “Agreement”),
“Representative” of a Person refers to such Person’s
directors, officers, employees, and agents; and “Person”
refers to any individual, group or entity.

In connection with and in
consideration of our being provided with Information, we hereby acknowledge and agree that we are requesting and will use the Information
solely for purposes of making investment decisions and/or exercising the rights of the applicable [Directing Holder][Consulting Party]
with respect to the [above-referenced [Certificates][Loan-Specific Certificates] and the related Trust Loans] [[NAME OF SERVICED WHOLE
LOAN] Whole Loan] and will not disclose such Information to any Person other than (i) our Representatives, (ii) our auditors
and regulators and (iii) any Person contemplating the purchase of [any Certificate][any Loan-Specific Certificate] [the [NAME OF
SERVICED COMPANION LOAN] Companion Loan] held by the undersigned or of an interest therein (or such outside Persons as are assisting it
in making an evaluation in connection with purchasing the [related Certificates] [related Loan-Specific Certificates] [the [NAME OF SERVICED
COMPANION LOAN] Companion Loan] (but only if such Persons confirm in writing such contemplation of a prospective ownership interest and
agree in writing to keep such Information confidential)), (iv) our accountants and attorneys, and (v) such governmental or banking
authorities or agencies to which the undersigned is subject; and such Information will not, without the prior written consent of the Master
Servicer or the Special Servicer, as applicable, and the Trustee, be otherwise disclosed by the undersigned or by its Representatives
in any manner whatsoever, in whole or in part, unless required to do so by law.

The undersigned shall be
fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify the Depositor, the Operating
Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master Servicer, the Special Servicer and
the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any of its Representatives.

This Agreement shall not
apply to any of the Information which: (i) is or becomes generally available and known to the public other than as a result of a
disclosure directly or indirectly by us or any of our Representatives; (ii) becomes lawfully available to us on a non-confidential
basis from a source other than you or one of your Representatives, which source is not bound by a contractual or other obligation of confidentiality
to any Person; or (iii) was lawfully known to us on a non-confidential basis prior to its disclosure to us by you.

    	 	M-4-2	 

    

    

Capitalized terms used but
not defined herein shall have the meanings assigned thereto in that certain Pooling and Servicing Agreement, dated as of June 1, 2022,
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee.

This Agreement, when signed
by us, will constitute our agreement with respect to the subject matter contained herein.

 

	 	Very truly yours,
	 	 
	 	[NAME OF ENTITY]
		 

 		By:	 

 		Name:	 

 		Title:	 

 		Company:	 

		Phone:	 

  

		cc:	Citigroup Commercial Mortgage Securities Inc.

[Trustee]

 

    	 	M-4-3	 

    

    

EXHIBIT M-5

 

FORM OF NRSRO CERTIFICATION

 

 

Computershare Trust Company, National Association,

as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CGCMT 2022-GC48

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

 

Ladies and Gentlemen:

 

In accordance with the requirements
for obtaining certain information pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and
Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors,
LLC, solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as
Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator,
and Wilmington Trust, National Association, as Trustee, with respect to the Citigroup Commercial Mortgage Trust 2022-GC48, Commercial
Mortgage Pass-Through Certificates, Series 2022-GC48 (the “Certificates”), the undersigned hereby certifies and agrees
as follows:

 

1.       The undersigned, a nationally
recognized statistical rating organization (“NRSRO”) within the meaning of Section 3(a)(62) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”);

(a)              
has provided the Depositor with the appropriate certifications under Exchange Act Rule 17g-5(e); and

(b)              
is requesting access pursuant to the Pooling and Servicing Agreement to certain information (the “Information”)
on the Rule 17g-5 Information Provider’s Website pursuant to the provisions of the Pooling and Servicing Agreement, and in consideration
of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential
(except to the extent such information has been made available to the general public), and such Information will not, without the prior
written consent of the Certificate Administrator, be otherwise disclosed by the undersigned or by its officers, directors, partners, employees,
agents, or representatives (collectively, the “Representatives”) in any manner whatsoever, in whole or in part.

 

    	 	M-5-1	 

    

    

2.       The undersigned agrees that
each time it accesses the Rule 17g-5 Information Provider’s Website, it is deemed to have recertified that the representations herein
contained remain true and correct.

 

Capitalized terms used but not defined herein shall
have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

BY ITS CERTIFICATION HEREOF, the undersigned has made
the representations above and shall have caused, or shall be deemed to have caused, its name to be signed hereto by its duly authorized
signatory, as of the day and year first written above.
 

	 	Very truly yours,
	 	 
	 	[NRSRO Name]
		 

 		By:	 

 		Name:	 

 		Title:	 

 		Phone:	 

		Email:	

  

Dated:

 

 

    	 	M-5-2	 

    

    

EXHIBIT N

CUSTODIAN CERTIFICATION

 

[DATE]

 

[All Parties to Pooling and Servicing Agreement]

[Applicable Mortgage Loan Seller]

[Each Underwriter]

[Each Initial Purchaser]

[The related Serviced Companion Loan Holder (upon request, in the
case of a Serviced Whole Loan)]

		Re:	Pooling and Servicing Agreement (“Pooling and Servicing Agreement”)
                                            relating to Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through
                                            Certificates, Series 2022-GC48

Ladies and Gentlemen:

In accordance with the provisions of Section
2.02(b) of the Pooling and Servicing Agreement, the undersigned hereby certifies that, with respect to each Mortgage Loan and Trust
Subordinate Companion Loan, and subject to the exceptions noted in the schedule of exceptions attached hereto, (i) all documents
specified in clauses (1), (2), (3) and (4) (other than with respect to an Outside Serviced Mortgage Loan),
(5), (6) (provided that the undersigned has been notified of any related modification), (7), (15) and (20)
(for each Mortgage Loan that is part of a Whole Loan and the Trust Subordinate Companion Loan) of the definition of “Mortgage File”
are in its possession; (ii) the recordation/filing contemplated by Section 2.01(c) of the Pooling and Servicing Agreement has
been completed (based solely on receipt by the undersigned of the particular recorded/filed documents); (iii) all documents received
by the undersigned with respect to such Mortgage Loan or Trust Subordinate Companion Loan have been reviewed by the undersigned and (A) appear
regular on their face (handwritten additions, changes or corrections shall not constitute irregularities if initialed by the Mortgagor),
(B) appear to have been executed (where appropriate) and (C) purport to relate to such Mortgage Loan or Trust Subordinate
Companion Loan; and (iv) based on the examinations referred to in Section 2.02(a) and Section 2.02(b) of the Pooling
and Servicing Agreement and only as to the foregoing documents (together with any Loan Agreement that has been delivered by the related
Mortgage Loan Seller), the information set forth in the Mortgage Loan Schedule with respect to the items specified in clauses (iv)
and (v)(B) of the definition of “Mortgage Loan Schedule” accurately reflects the information set forth in the
Mortgage File.

The undersigned makes no representations as to:
(i) the validity, legality, sufficiency, enforceability or genuineness of any such documents contained in each Mortgage File or any of
the Mortgage Loans and the Trust Subordinate Companion Loan identified in the

    	 	N-1	 

    

    

Mortgage Loan Schedule, or (ii) the collectability, insurability,
effectiveness or suitability of any such Mortgage Loan or Trust Subordinate Companion Loan.

The scope of the Custodian’s review of the
Mortgage Files is limited solely to confirming that certain documents in Mortgage Files have been received and appear regular on their
face and to confirm certain other information as set forth in Section 2.02 of the Pooling and Servicing Agreement.  The Custodian’s
review of the Mortgage Files and any certification with respect thereto is not intended to and shall not be deemed to constitute “due
diligence services” or a “third party due diligence report” as such terms are defined in Rules 17g-10 and 15Ga-2, respectively,
under the Exchange Act.  Any recipient of the Custodian’s certification or a copy thereof by its receipt thereof is deemed
to agree that it shall not share such certification with any rating agency or any party not addressed on such certification.

Capitalized words and phrases used herein and
not otherwise defined herein shall have the respective meanings assigned to them in the Pooling and Servicing Agreement. This Certificate
is subject in all respects to the terms of the Pooling and Servicing Agreement.

	 	COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as Custodian
	 	 	 
		 	
		By:	 
	 	 	Name:
	 	 	Title:
	 	 	 

 

 

    	 	N-2	 

    

    

SCHEDULE OF EXCEPTIONS

 

[          ]

 

    	 	N-3	 

    

    

EXHIBIT O

SERVICING CRITERIA TO BE ADDRESSED IN
ASSESSMENT OF COMPLIANCE

The assessment of compliance
to be delivered by the referenced party shall address, at a minimum, the criteria identified below as “Applicable Servicing Criteria”
applicable to such party, as such criteria may be updated or limited by the Commission or its staff (including, without limitation, not
requiring the delivery of certain of the items set forth on this Exhibit based on interpretive guidance provided by the Commission or
its staff relating to Item 1122 of Regulation AB). For the avoidance of doubt, for purposes of this Exhibit O, other than with respect
to Item 1122(d)(2)(iii), references to Master Servicer and Special Servicer below shall include any Sub-Servicer engaged by the Master
Servicer or Special Servicer, as applicable.

 

	 	applicable Servicing Criteria 	applicable party
	Reference	Criteria	 
	 	General Servicing Considerations	 
	1122(d)(1)(i)	Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.	
    Master Servicer

    Special Servicer

    Certificate Administrator

	1122(d)(1)(ii)	If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.	
    Master Servicer

    Special Servicer

    Certificate Administrator

     

	1122(d)(1)(iii)	Any requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.	N/A
	1122(d)(1)(iv)	A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.	Master Servicer

Special Servicer

Custodian (in the case of the Custodian, if such entity is not also the Certificate Administrator)
	1122(d)(1)(v)	Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.	
    Master Servicer

    Special Servicer

    Certificate Administrator

	 	Cash
    Collection and Administration	 
	1122(d)(2)(i)	Payments on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements.	
    Master Servicer

    Special Servicer

    Certificate Administrator

	1122(d)(2)(ii)	Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	Certificate Administrator

 
	1122(d)(2)(iii)	Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.	
    Master Servicer

    Special Servicer

    Trustee (in the case of the Trustee, to the extent the Trustee was required to make an advance during the applicable calendar year)

	1122(d)(2)(iv)	The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	Master Servicer

Special Servicer

Certificate Administrator

    	 	O-1	 

    

    

 

 

	 	applicable Servicing Criteria 	applicable party
	Reference	Criteria	 
	1122(d)(2)(v)	Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Exchange Act.	Master Servicer

Special Servicer

Certificate Administrator
	1122(d)(2)(vi)	Unissued checks are safeguarded so as to prevent unauthorized access.	Master Servicer

Special Servicer

Certificate Administrator
	1122(d)(2)(vii)	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.	Master Servicer

Special Servicer

Certificate Administrator
	 	Investor
    Remittances and Reporting	 
	1122(d)(3)(i)	Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of mortgage loans serviced by the Reporting Servicer.	Certificate Administrator

Operating Advisor (excluding clauses (C) and (D) in the case of the Operating Advisor)
	1122(d)(3)(ii)	Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.	Certificate Administrator
	1122(d)(3)(iii)	Disbursements made to an investor are posted within two business days to the Reporting Servicer’s investor records, or such other number of days specified in the transaction agreements.	Certificate Administrator
	1122(d)(3)(iv)	Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	Certificate Administrator
	 	Pool
    Asset Administration	 
	1122(d)(4)(i)	Collateral or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.	Master Servicer

Special Servicer

Custodian
	1122(d)(4)(ii)	Mortgage loan and related documents are safeguarded as required by the transaction agreements	Custodian
	1122(d)(4)(iii)	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.	Master Servicer

Special Servicer

Certificate Administrator
	1122(d)(4)(iv)	Payments on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Master Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related mortgage loan documents.	Master Servicer
	1122(d)(4)(v)	The Master Servicer’s records regarding the mortgage loans agree with the Master Servicer’s records with respect to an obligor’s unpaid principal balance.	Master Servicer
	1122(d)(4)(vi)	Changes with respect to the terms or status of an obligor’s mortgage loans (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.	Master Servicer

Special Servicer

    	 	O-2	 

    

    

 

	 	applicable Servicing Criteria 	applicable party
	Reference	Criteria	 
	1122(d)(4)(vii)	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.	Special Servicer

Operating Advisor
	1122(d)(4)(viii)	Records documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	Master Servicer

Special Servicer
	1122(d)(4)(ix)	Adjustments to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan documents.	Master Servicer
	1122(d)(4)(x)	Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such other number of days specified in the transaction agreements.	Master Servicer
	1122(d)(4)(xi)	Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	Master Servicer
	1122(d)(4)(xii)	Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.	Master Servicer
	1122(d)(4)(xiii)	Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction agreements.	Master Servicer
	1122(d)(4)(xiv)	 Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	Master Servicer
	1122(d)(4)(xv)	Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.	N/A

    	 	O-3	 

    

    

EXHIBIT P

[RESERVED]

 

    	 	P-1	 

    

    

EXHIBIT Q

RETAINED DEFEASANCE RIGHTS AND OBLIGATIONS
MORTGAGE LOANS

 

	Loan Number	Mortgage Loan / Property Name	Mortgage Loan Seller
	3	79 Fifth Avenue	CREFI
	4	Sunbelt Office Portfolio	CREFI
	6	2550 M Street	CREFI
	7	Bell Works	CREFI
	13	League City Storage	SMC
	15	Stockton Self Storage Portfolio	SMC
	17	Roselle & Color Plaza	CREFI
	19	348 13th Street	CREFI
	20	Arcadia Metro Center	SMC
	21	Fisher MHP Portfolio	SMC
	22	25-28 Broadway	SMC
	23	Hodge LA MHP Portfolio	SMC
	28	1267 1st Ave & 4334 Katonah Ave	CREFI
	30	9615 Spring Green Boulevard	SMC
	31	CityLine Midtown Self Storage	CREFI
	32	CVS Ashland Road	SMC

 

    	 	Q-1	 

    

    

EXHIBIT R

FORM OF OPERATING ADVISOR ANNUAL REPORT1

 

Report Date: Report will be delivered annually
(pursuant to Section 3.29(d) of the Pooling and Servicing Agreement) no later than [INSERT DATE]

 

Transaction: Citigroup Commercial Mortgage Trust 2022-GC48, Commercial
Mortgage Pass-Through Certificates, Series 2022-GC48

 

Operating Advisor: Park Bridge Lender Services LLC

 

Special Servicer as of December 31: [Greystone Servicing Company
LLC (other than with respect to the Yorkshire & Lexington Towers Whole Loan [and [LIST ANY EXCLUDED SPECIAL SERVICER MORTGAGE LOAN])]

[Rialto Capital Advisors, LLC (with respect to the Yorkshire & Lexington Towers Whole Loan)]

 

Directing Holder: [                    ]

 

I.       Population
of Mortgage Loans that Were Considered in Compiling This Report

A. [  ] Serviced
Loans were Specially Serviced Loans during the prior calendar year [INSERT YEAR].

(a)              
[  ] of those Specially Serviced Loans were transferred to special servicing in the prior calendar year [INSERT YEAR].

(b)              
[[ ] of those Specially Serviced Loans were transferred to special servicing in the year before the prior calendar year [INSERT
YEAR].]

(c)              
[[ ] of those Specially Serviced Loans were transferred to special servicing 2 or more calendar years ago.]

(d)              
[  ] of those Specially Serviced Loans are still being analyzed by the Special Servicer as part of the development of
an Asset Status Report.

(e)              
[  ] of such Specially Serviced Loans had Final Asset Status Reports. The Final Asset Status Reports may not yet be fully
implemented.

 

1
    This report is an indicative report and does not reflect the final form of annual report to be used in any particular
year. The Operating Advisor will have the ability to modify or alter the organization and content of any particular report, subject to
compliance with the terms of the Pooling and Servicing Agreement, including, without limitation, provisions relating to Privileged Information.

 

    	 	R-1	 

    

    

(f)           With respect to [ ] of such Specially Serviced Loans, the Operating Advisor has determined that the Special Servicer has not delivered
a Final Asset Status Report in accordance with the Pooling and Servicing Agreement for a period of at least 180 consecutive days, any
portion of which occurred during the prior calendar year [INSERT YEAR].

B.       A
Control Termination Event [existed during some or all] [did not exist during any portion] of the prior calendar year [INSERT YEAR].

C.       [  ]
Performing Serviced Loans were, during the prior calendar year [INSERT YEAR], the subject of a Major Decision as to which the Operating
Advisor has consultation rights pursuant to Section 3.29(h) of the Pooling and Servicing Agreement.

II.                 Executive Summary

Based on the requirements
and qualifications set forth in the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and Asset Representations
Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association,
as Trustee, as well as the items listed below, the Operating Advisor has undertaken a review of the Special Servicer’s actions and
decisions in respect of (A) Specially Serviced Loans and, (B) solely in connection with Major Decisions as to which the Operating Advisor
has consultation rights following a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization,
a related Operating Advisor Consultation Trigger Event), Performing Serviced Loans, in each case in light of (1) the Servicing Standard
and (2) the requirements of the Pooling and Servicing Agreement. Based on such review, the Operating Advisor [believes / does not believe],
in its sole discretion exercised in good faith, that the Special Servicer is performing its duties in compliance with (1) the Servicing
Standard and (2) the Special Servicer’s obligations under the Pooling and Servicing Agreement. [IDENTIFY ANY MATERIAL DEVIATIONS
FROM (I) THE SERVICING STANDARD OR (II) THE SPECIAL SERVICER’S OBLIGATIONS UNDER THE POOLING AND SERVICING AGREEMENT] In addition,
the Operating Advisor notes the following: [PROVIDE SUMMARY OF ANY ADDITIONAL MATERIAL INFORMATION].

In connection with the assessment
set forth in this report, the Operating Advisor:

Reviewed (A) any annual compliance
statement, assessment of compliance and/or attestation report delivered to, or made available to, the Operating Advisor pursuant to the
Pooling and Servicing Agreement with respect to the Special Servicer, and (B) any (1) Final Asset Status Reports, (2) during the existence
of a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization, a related Operating Advisor
Consultation Trigger Event), other Asset Status Reports, (3) net present value calculations, (4) Appraisal Reduction Amount calculations
and Collateral Deficiency Amount calculations, (5)

    	 	R-2	 

    

    

Major Decision Reporting Packages, and (6)
[LIST OTHER REVIEWED INFORMATION] for the following [  ] Serviced Loans, in each case, to the extent prepared by the Special
Servicer and delivered, or otherwise made available on the Certificate Administrator’s Website, to the Operating Advisor pursuant
to the Pooling and Servicing Agreement: [LIST APPLICABLE MORTGAGE LOANS]

III.                 Specific
Items of Review

1.       The
Operating Advisor reviewed the following items in connection with the generation of this report: [LIST MATERIAL ITEMS].

2.       During
the prior year, if a Control Termination Event (or, in the case of an EHRI Trust Subordinate Companion Loan Securitization, a related
Operating Advisor Consultation Trigger Event) existed, the Operating Advisor consulted with the Special Servicer regarding its Major Decisions
related to the following Serviced Loans: [LIST]. The Operating Advisor participated in discussions and made strategic observations and
recommended alternative courses of action to the extent it deemed such observations and recommendations appropriate. The Special Servicer
[agreed with/did not agree with] the recommendations made by the Operating Advisor. Such recommendations generally included the following:
[LIST].

3.       Appraisal
Reduction Amount calculations, Collateral Deficiency Amount calculations and net present value calculations:

(a)        The
Operating Advisor [received/did not receive] information necessary to recalculate and verify the accuracy of the mathematical calculations
and the corresponding application of the non-discretionary portions of the applicable formulas required to be utilized in connection
with any (i) Appraisal Reduction Amount, (ii) Collateral Deficiency Amount or (iii) net present value calculations used in the Special
Servicer’s determination of the course of action to be taken in connection with the workout or liquidation of a Specially Serviced
Loan prior to the utilization by the Special Servicer.

(b)        The
Operating Advisor [agreed/did not agree] with the [mathematical calculations] [and/or] [the application of the applicable non-discretionary
portions of the formula] required to be utilized for such calculation.

(c)        After
consultation with the Special Servicer to resolve any inaccuracy in the mathematical calculations or the application of the non-discretionary
portions of the related formula in arriving at those mathematical calculations, such inaccuracy [has been/ has not been] resolved.

4.       The
following is a general discussion of certain concerns raised by the Operating Advisor discussed in this report: [LIST CONCERNS].

5.       In
addition to the other information presented herein, the Operating Advisor notes the following additional items: [LIST ADDITIONAL ITEMS].

    	 	R-3	 

    

    

IV.                 Qualifications
Related to the Work Product Undertaken and Opinions Related to this Report

1.       In
accordance with the terms of the Pooling and Servicing Agreement, the Operating Advisor did not participate in, or have access to, the
Special Servicer’s and the applicable Directing Holder’s discussion(s) regarding any Specially Serviced Loan. The Operating
Advisor does not have authority to speak with the applicable Directing Holder directly pursuant to the Pooling and Servicing Agreement.
As such, the Operating Advisor generally relied upon its interaction with the Special Servicer in gathering the relevant information to
generate this report.

2.       The
Special Servicer has the legal authority and responsibility to service the Specially Serviced Loans pursuant to the Pooling and Servicing
Agreement. The Operating Advisor has no responsibility or authority to alter the standards set forth therein.

3.       Confidentiality
and other contractual limitations limit the Operating Advisor’s ability to outline the details or substance of certain information
it reviewed in connection with its duties under the Pooling and Servicing Agreement. As a result, this report may not reflect all the
relevant information that the Operating Advisor is given access to by the Special Servicer.

4.       The
Operating Advisor is not empowered to directly communicate with investors pursuant to the Pooling and Servicing Agreement. If investors
have questions regarding this report, they should address such questions to the Certificate Administrator through the Certificate Administrator’s
Website.

5.       
The ability to perform the duties of the Operating Advisor and the quality and the depth of any annual report will be dependent upon the
timely receipt of information required to be delivered to the Operating Advisor and the accuracy and the completeness of such information.

Terms used but not defined
herein have the meaning set forth in the Pooling and Servicing Agreement.

 

	[                        ]	 
	 	 	 
	By:	 	 
	Name:	 
	Title:	 

    	 	R-4	 

    

    

EXHIBIT S

SUBSERVICING AGREEMENTS

 

	Mortgage Loan/Property Name	Sub-Servicer Name
	9615 Spring Green	Jones Lang LaSalle

 

 

    	 	S-1	 

    

    

EXHIBIT T

 

FORM OF RECOMMENDATION OF SPECIAL SERVICER TERMINATION

 

Wilmington Trust, National Association, as Trustee

1100 North Market Street

Wilmington, Delaware 19890

Attention: CMBS Trustee – CGCMT 2022-GC48

Email: cmbstrustee@wilmingtontrust.com

 

Computershare Trust Company, National Association, as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CGCMT 2022-GC48

with a copy to:

cts.cmbs.bond.admin@wellsfargo.com

trustadministrationgroup@wellsfargo.com

 

[Greystone Servicing Company LLC,

  as a Special Servicer

5221 N. O'Connor Blvd., Suite 800

Irving, TX 75039

Attention: Amy Dixon, General Counsel

email: amy.dixon@greyco.com

with a copy to:

 

Jenna Unell, Senior Managing Director email: jenna.unell@greyco.com]

	
     

    [Rialto Capital Advisors, LLC,

           as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

    Rialto Capital
    Advisors, LLC,
        as a Special Servicer
 Southeast Financial Center 

200
    S. Biscayne Blvd, Suite 3550 

Miami, Florida 33131 

Attention: Jeff Krasnoff, Niral Shah and Adam Singer 

Facsimile number: (305) 229-6425
     

     

    	 	T-1	 

    

    

 

	
    

    Email: niral.shah@rialtocapital.com, adam.singer@rialtocapital.com,
    and 

jeff.krasnoff@rialtocapital.com

]

		Re:	Citigroup Commercial Mortgage Trust 2022-GC48,

Commercial Mortgage Pass-Through
Certificates, Series 2022-GC48

Ladies and Gentlemen:

This letter is delivered
pursuant to Section 6.08(b)(i) of the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing
Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank,
National Association, as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely
with respect to the Yorkshire & Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating
Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee, on behalf of the holders of Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage
Pass-Through Certificates, Series 2022-GC48 (the “Certificates”) regarding the replacement of the Special Servicer.
Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Pooling and Servicing
Agreement.

Based upon our review of
the operational practices of [_______], in its current capacity as Special Servicer [with respect to [IF SUBJECT PARTY IS NOT THE SPECIAL
SERVICER FOR ALL SERVICED TRUST LOANS, SPECIFY APPLICABLE SERVICED LOAN OR GROUP OF SERVICED LOANS FOR WHICH IT SO ACTS]], conducted pursuant
to and in accordance with the Pooling and Servicing Agreement, it is our determination, in our sole discretion exercised in good faith,
that (1) [________], in its current capacity as Special Servicer [with respect to [IF SUBJECT PARTY IS NOT THE SPECIAL SERVICER FOR ALL
SERVICED TRUST LOANS, SPECIFY APPLICABLE SERVICED TRUST LOAN OR GROUP OF SERVICED TRUST LOANS FOR WHICH IT SO ACTS]], has failed to comply
with the Servicing Standard and (2) a replacement of the Special Servicer would be in the best interest of the Certificateholders and
the Uncertificated VRR Interest Owner (as a collective whole). The following factors support our determination: [________].

Based upon such determination,
we further hereby recommend that [_______] be removed as Special Servicer [with respect to [IF SUBJECT PARTY IS NOT THE SPECIAL SERVICER
FOR ALL SERVICED TRUST LOANS, SPECIFY APPLICABLE SERVICED LOAN OR GROUP OF SERVICED LOANS FOR WHICH IT SO ACTS]] and that [________] be
appointed its successor in such capacity.

 

    	 	T-2	 

    

    

	 	 	Very truly yours,
	 	 	 
	 	 	 
	 	 
	 	[The Operating Advisor]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:
	Dated:	 	 

 

    	 	T-3	 

    

    

EXHIBIT U

ADDITIONAL FORM 10-D DISCLOSURE

The
parties identified in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible for
the following items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant to Section
10.04 of the Pooling and Servicing Agreement to disclose to the Depositor, the Certificate Administrator, each Other Depositor and Other
Exchange Act Reporting Party to which such Additional Form 10-D Disclosure is relevant for Exchange Act reporting purposes, any information
described in the corresponding Form 10-D Item described in the “Item on Form 10-D” column to the extent such party has actual
knowledge (and in the case of net operating income, financial statements, budgets and/or rent rolls required to be provided in connection
with Item 6 below, possession) (in each case, after complying with its affirmative obligations, if any, under the Pooling and Servicing
Agreement to obtain such information) of such information (other than information as to such party itself which such party is obligated
to provide). Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer shall be entitled to rely
on the accuracy of the Prospectus (other than information with respect to itself that is set forth in or omitted from the Prospectus),
in the absence of specific written notice to the contrary from the Depositor or Mortgage Loan Sellers. Each of the Certificate Administrator,
the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled to conclusively assume that there
is no “significant obligor” other than a party identified as such in the Prospectus. For this Citigroup Commercial
Mortgage Trust 2022-GC48 Pooling and Servicing Agreement, each of the Certificate
Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled to assume that there
is no provider of credit enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115 of Regulation AB other
than a party identified as such in the Prospectus.

 

	Item on Form 10-D	Party Responsible 
	Item 1: Distribution
    and Pool Performance Information

     

    Any information
    required by Item 1121 of Regulation AB which is NOT included on the Distribution Date Statement
	Certificate Administrator

    Depositor

    Master Servicer
    (only with respect to Item 1121(a)(12) of Regulation AB as to Performing Serviced Loans)

    Special Servicer
    (only with respect to Item 1121(a)(12) of Regulation AB as to Specially Serviced Loans)

    Each Mortgage Loan Seller (only with respect to Item 1121(c)(2) of Regulation AB as to

 

    	 	U-1	 

    

    

 

	Item
    on Form 10-D	Party
    Responsible 
	
	itself)

	Item 1A: Asset-Level
    Information

    disclosure per Items
    1111(h) and 1125 of Regulation AB
	Master
Servicer1
	Item 1B: Asset Representations
    Reviewer and Investor Communication

     
	Asset Representations
    Reviewer (with respect to Item 1121(d) of Regulation AB)

     

    Certificate Administrator
    (with respect to Item 1121(e) of Regulation AB )

     

	Item 2: Legal Proceedings

     

    per Item 1117 of
    Regulation AB
	(i)
    All parties to the Pooling and Servicing Agreement (as to themselves), (ii) any other Reporting Servicer (as to itself), (iii) the
    Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer, in each case as to the Trust (in the case of
    the Master Servicer and the Special Servicer, to be reported by the party controlling such litigation), (iv) each Mortgage Loan Seller
    as to itself and as to each Regulation AB Item 1110(b) originator with respect to such Mortgage Loan Seller’s Mortgage Loans
    and as to each Regulation AB Item 1100(d)(1) party either affiliated with or retained by such Mortgage Loan Seller, or with whom
    such Mortgage Loan Seller contracts
	Item
    3:  Sale of Securities and Use of Proceeds	Depositor
	Item
    4:  Defaults Upon Senior Securities	Certificate
    Administrator
	Item
    5:  Submission of Matters to a Vote of Security Holders2	Certificate Administrator

    Trustee

	Item
    6:  Significant Obligors of Pool Assets	Master Servicer
    (excluding information for which the Special Servicer is the “Party Responsible”)

    Special Servicer
    (as to Specially Serviced Loans and REO Properties)

	Item
    7: Change in Sponsor Interest in the Securities	Each
    Mortgage Loan Seller as to itself and its affiliates

 

 

 

1 For the avoidance of doubt, the Certificate Administrator,
not the Master Servicer, shall be responsible for filing any Additional Form 10-D Disclosure required by Item 1A on Form 10-D in accordance
with Section 10.04 of this Agreement.

 

2 No disclosure is required for so long as Item 5
of Form 10-D requires the inclusion of information related to mine safety disclosures. 

 

    	 	U-2	 

    

    

 

	Item
    on Form 10-D	Party
    Responsible 
	Item
    8:  Significant Enhancement Provider Information	Depositor
	Item 9: Other Information

     

    (i) Balances of the Distribution Account,
    the Interest Reserve Account, the Excess Interest Distribution Account, Excess Liquidation Proceeds Reserve Account, the Exchangeable
    Distribution Account, Collection Account, any Whole Loan Custodial Account and each REO Account as of the related Distribution Date
    and the preceding Distribution Date; and

     

    (ii) information other than those specified
    in clause (i) above, but only to the extent of any information that meets all the following conditions: (a) such information constitutes
    “Form 8-K Disclosure” pursuant to Exhibit Z, (b) such information is required to be reported as “Form 8-K Disclosure”
    during the period to which the Form 10-D relates, and (c) such information was not previously reported as “Form 8-K Disclosure”.
	Any party responsible
    for disclosure items on Form 8-K to the extent of such items

     

    Certificate Administrator
    (with respect to the balances of the Distribution Account, the Interest Reserve Account, the Excess Interest Distribution Account,
    Excess Liquidation Proceeds Reserve Account and the Exchangeable Distribution Account as of the related Distribution Date and the
    preceding Distribution Date)

     

    Master Servicer
    (with respect to the balances of the Collection Account and any Whole Loan Custodial Account as of the related Distribution Date
    and the preceding Distribution Date)

     

    Special Servicer
    (with respect to the balance of each REO Account as of the related Distribution Date and the preceding Distribution Date)

	Item
    10:  Exhibits	Certificate Administrator

    Depositor

 

 

 

    	 	U-3	 

    

    

EXHIBIT V

ADDITIONAL FORM 10-K DISCLOSURE

The
parties identified in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible for
the following items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant to Section
10.05 of the Pooling and Servicing Agreement to disclose to the Depositor, the Certificate Administrator, each Other Depositor and Other
Exchange Act Reporting Party to which such Additional Form 10-K Disclosure is relevant for Exchange Act reporting purposes, any information
described in the corresponding Form 10-K Item described in the “Item on Form 10-K” column to the extent such party has actual
knowledge (and in the case of net operating income, financial statements, budgets and/or rent rolls required to be provided in connection
with the Additional Item below consisting of disclosure per Item 1112(b) of Regulation AB, possession) (in each case, after complying
with its affirmative obligations, if any, under the Pooling and Servicing Agreement to obtain such information) of such information (other
than information as to such party itself which such party is obligated to provide). Each of the Certificate Administrator, the Trustee,
the Master Servicer and the Special Servicer shall be entitled to rely on the accuracy of the Prospectus (other than information with
respect to itself that is set forth in or omitted from the Prospectus), in the absence of specific written notice to the contrary from
the Depositor or Mortgage Loan Sellers. Each of the Certificate Administrator, the Trustee, the
Master Servicer and the Special Servicer (in its capacity as such) shall be entitled to conclusively assume that there is no “significant
obligor” other than a party identified as such in the Prospectus. For this Citigroup Commercial Mortgage Trust 2022-GC48
Pooling and Servicing Agreement, each of the Certificate Administrator, the Trustee,
the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled to assume that there is no provider of credit
enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115 of Regulation AB other than a party identified
as such in the Prospectus.

 

	Item
    on Form 10-K	Party
    Responsible 
	Item 1B: Unresolved
    Staff Comments

     

     
	Depositor
	Item
    9B:  Other Information	Any
    party responsible for disclosure items on Form 8-K to the extent of such items
	Item
    15:  Exhibits, Financial Statement Schedules	Certificate Administrator

    Depositor

	Additional Item:

     

    Disclosure per Item
    1117 of Regulation AB
	(i)
    All parties to the Pooling and Servicing Agreement (as to themselves), (ii) any other Reporting Servicer (as to itself), (iii) the
    Trustee, the Certificate Administrator, the Master Servicer, the
    Depositor and the Special Servicer, in each case as to the Trust (in the case of the Master Servicer, the Depositor and the Special
    Servicer, to be reported by the party controlling such

 

    	 	V-1	 

    

    

 

	Item
    on Form 10-K	Party
    Responsible 
	
	litigation),
    (iv) each Mortgage Loan Seller as to itself and as to each Regulation AB Item 1110(b) originator with respect to such Mortgage Loan
    Seller’s Mortgage Loans and as to each Regulation AB Item 1100(d)(1) party either affiliated with or retained by such Mortgage
    Loan Seller, or with whom such Mortgage Loan Seller contracts
	Additional Item:

    Disclosure per Item
    1119 of Regulation AB
	(i) All parties
    to the Pooling and Servicing Agreement as to themselves (in the case of the Master Servicer, only as to 1119(a) affiliations with
    Significant Obligors identified in the Pooling and Servicing Agreement, the Trustee, the Certificate
    Administrator, the Special Servicer or a sub-servicer described in 1108(a)(3) and, in the case of the Special Servicer, only
    as to 1119(a) affiliations with Significant Obligors identified in the Pooling and Servicing Agreement, the Trustee, the Certificate
    Administrator, the Master

    Servicer or a sub-servicer
    described in 1108(a)(3)), (ii) each Mortgage Loan Seller as to itself and as to each Regulation AB Item 1110 originator with
    respect to such Mortgage Loan Seller’s Mortgage Loans and as to each Regulation AB Item 1100(d)(1) party either affiliated
    with or retained by such Mortgage Loan Seller, or with whom such Mortgage Loan Seller contracts, (iii) the Depositor as to
    the enhancement or support provider

	Additional Item:

    Disclosure per Item
    1112(b) of Regulation AB
	Master Servicer
    (excluding information for which the Special Servicer is the “Party Responsible”)

    Special Servicer
    (as to REO Properties)

	Additional Item:

    Disclosure per Items
    1114(b)(2) and 1115(b) of Regulation AB
	Depositor

 

    	 	V-2	 

    

    

EXHIBIT W-1

FORM OF ADDITIONAL DISCLOSURE NOTIFICATION

**SEND VIA EMAIL TO THE E-MAIL ADDRESSES
IMMEDIATELY BELOW AND VIA OVERNIGHT MAIL TO THE PHYSICAL ADDRESSES IMMEDIATELY BELOW**

 

	
    Computershare Trust Company, National Association,

    as Certificate Administrator

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com 

    trustadministrationgroup@wellsfargo.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     

	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

     

RE: **Additional Form [10-D][10-K][8-K] Disclosure**
Required

Ladies and Gentlemen:

In accordance with Section [  ]
of the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup
Commercial Mortgage Securities Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer,
Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire & Lexington
Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer,
Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee,
the undersigned, as [          ], hereby notifies you that certain events have come
to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K].

Description of Additional Form [10-D][10-K][8-K]
Disclosure:

 

    	 	W-1-1	 

    

    

 

List of any Attachments hereto to be included
in the Additional Form [10-D][10-K][8-K] Disclosure:

 

 

Any inquiries related to
this notification should be directed to [                             
], phone number: [                 ]; email address:
[                                     ].

	 	 	 
	 	 	 
	 	  [NAME OF PARTY],
	 	 	as [role]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	W-1-2	 

    

    

EXHIBIT W-2

FORM OF ADDITIONAL DISCLOSURE NOTIFICATION (ACCOUNTS)

 

 

Computershare Trust Company, National Association,

as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CGCMT 2022-GC48

with a copy to:

cts.cmbs.bond.admin@wellsfargo.com 

trustadministrationgroup@wellsfargo.com

 

 

RE: **Additional Form [10-D][10-K][8-K] Disclosure** Required

 

 

Ladies and Gentlemen:

In accordance with Section 10.04
of the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), between Citigroup
Commercial Mortgage Securities Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer,
Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire & Lexington
Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer,
Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee,
the undersigned, as [          ], hereby notifies you that certain events have come
to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K].

Description of Additional Form [10-D][10-K][8-K]
Disclosure:

 

[With respect to the securitization accounts balance information:

	Account Name	
    Beginning Balance as of 

    MM/DD/YYYY
	
    Ending Balance as of 

    MM/DD/YYYY

	Collection Account	 	 
	
    Whole Loan Custodial Account(s) :

    [_____________] Whole Loan

    [_____________] Whole Loan

    [_____________] Whole Loan

    [_____________] Whole Loan

    [_____________] Whole Loan
	 	 
	REO Account(s)	 	 

    	 	W-2-1	 

    

    

List of any Attachments hereto to be included
in the Additional Form [10-D][10-K][8-K] Disclosure:

 

 

Any inquiries related to
this notification should be directed to [ ], phone number: [ ]; email address: [ ].

	 	 	 
	 	 	 
	 	  [NAME OF PARTY],
	 	 	as [role]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	W-2-2	 

    

    

EXHIBIT W-3

 

Form of
Notice of ADDITIONAL 

INDEBTEDNESS
NOTIFICATION

 

 

Computershare Trust Company, National Association,

as Certificate Administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CGCMT 2022-GC48

with a copy to:

cts.cmbs.bond.admin@wellsfargo.com 

trustadministrationgroup@wellsfargo.com

 

Ref: CGCMT 2022-GC48, Additional Debt Notice for Form 10-D

 

The following information is being furnished to you for inclusion on Form
10-D pursuant to Section 10.04(c) of the Pooling and Servicing Agreement

 

	 	Portfolio Name	Mortgage Loan	Position in Debt Stack	Additional Debt	OPB	OPB Date	Appraised Value	Appraised Value Date	Aggregate LTV	Aggregate NCF DSCR	Aggregate NCF DSCR Date	Primary Servicer	Master Servicer	Lead Servicer	Prospectus ID
	1	CGCMT 2022-GC48	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	
    $
	 	 	$	 	%	 	 	 	 	 	 
	 	Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 
	2	CGCMT 2022-GC48	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	
    $
	 	 	$	 	%	 	 	 	 	 	 
	 	Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 
	3	CGCMT 2022-GC48	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside the Trust	 	 	
    $
	 	 	$	 	%	 	 	 	 	 	 

    	 	W-3-1	 

    

    

 

	 	Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 

 

    	 	W-3-2	 

    

    

EXHIBIT X

FORM OF CERTIFICATION TO BE PROVIDED WITH FORM 10-K

CERTIFICATIONS

I, [identifying the certifying
individual], certify that:

		1.	I have reviewed this report on Form 10-K, and all reports on Form 10-D required to be filed in respect
of the period covered by this report on Form 10-K, of Citigroup Commercial Mortgage Trust 2022-GC48 (the “Exchange
Act Periodic Reports”);

		2.	Based on my knowledge, the Exchange Act Periodic Reports, taken as a whole, do not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period covered by this report;

		3.	Based on my knowledge, all of the distribution, servicing and other information required to be provided
under Form 10-D for the period covered by this report is included in the Exchange Act Periodic Reports;

		4.	Based on my knowledge and the servicer compliance statement(s) required in this report under Item 1123
of Regulation AB, and except as disclosed in the Exchange Act Periodic Reports, the servicers have fulfilled their obligations under the
servicing agreement(s) in all material respects; and

		5.	All of the reports on assessment of compliance with servicing criteria for asset-backed securities and
their related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included
in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit
to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been
disclosed in this report on Form 10-K.

In giving the certifications above, I have
reasonably relied on information provided to me by the following unaffiliated parties: [Master Servicer][Special Servicer][Certificate
Administrator][Trustee][Custodian][Operating Advisor][Outside Servicer][Outside Special Servicer]

Date:_________________________

	 	
	[Signature]	 
	[Title]	 
	 	

    	 	X-1	 

    

    

EXHIBIT Y-1

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY THE CERTIFICATE ADMINISTRATOR

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48 (the “Trust”), Commercial Mortgage Pass-Through
                                            Certificates, Series 2022-GC48 (the “Certificates”), issued pursuant to
                                            the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and
                                            Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as
                                            depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master
                                            servicer, Greystone Servicing Company LLC, as a special servicer, Rialto Capital Advisors,
                                            LLC, solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a special
                                            servicer, Park Bridge Lender Services LLC, as operating advisor and as asset representations
                                            reviewer, Computershare Trust Company, National Association, as certificate administrator
                                            (in such capacity, the “Certificate Administrator”), and Wilmington Trust, National
                                            Association, as trustee.

I, [identifying the certifying
individual], a [title] of [CERTIFICATE ADMINISTRATOR], certify to Citigroup Commercial Mortgage Securities Inc., each Other Depositor
and their respective officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification,
that:

1.                 
I have reviewed the annual report on Form 10-K for the fiscal year 20__, and all reports on Form 10-D and Form 8-K required to
be filed in respect of periods covered by that annual report on Form 10-K, of the Trust (the “Exchange
Act Periodic Reports”);

2.                 
Based on my knowledge, the distribution information in Exchange Act Periodic Reports, taken as a whole, does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period covered by that report on Form 10-K;

3.                 
Based on my knowledge, all of the distribution, servicing and other information required to be provided by the Certificate
Administrator pursuant to the Pooling and Servicing Agreement for inclusion in the Exchange Act Periodic Reports is included in
such reports; and

4.                 
The report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report on
assessment of compliance with servicing criteria for asset-backed securities required to be delivered by the Certificate
Administrator in accordance with Section 10.09 and Section 10.10 of the Pooling and Servicing Agreement discloses all material
instances of noncompliance with the Relevant Servicing Criteria (as defined in the Pooling and Servicing Agreement).

    	 	Y-1-1	 

    

    

In giving the certifications
above, I have reasonably relied on information provided to me by the following unaffiliated parties: [list applicable transaction parties].

 

	Date:		 
	 	 	 
	 	 	 
	[                                ]  	 
		 	 
	 	 	 
	By:	 	 
	 	[Name]	 

 

 

    	 	Y-1-2	 

    

    

EXHIBIT Y-2

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE MASTER SERVICER

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48 (the “Trust”), Commercial Mortgage Pass-Through
                                            Certificates, Series 2022-GC48 (the “Certificates”), issued pursuant to
                                            the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and
                                            Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as
                                            depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master
                                            servicer (in such capacity, the “Master Servicer”), Greystone Servicing
                                            Company LLC and Rialto Capital Advisors, LLC, each as a special servicer (in such capacity,
                                            the “Special Servicer”), Park Bridge Lender Services LLC, as operating
                                            advisor and as asset representations reviewer, Computershare Trust Company, National Association,
                                            as certificate administrator (in such capacity, the “Certificate Administrator”),
                                            and Wilmington Trust, National Association, as trustee

I, [identify the certifying
individual], a [title] of [MASTER SERVICER], certify to Citigroup Commercial Mortgage Securities Inc., each Other Depositor and their
respective officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification in delivering
the certification required by the Pooling and Servicing Agreement relating to the Certificates and/or the certification required by the
applicable Other Pooling and Servicing Agreement relating to the securities issued by the applicable Other Securitization Trust (capitalized
terms used herein without definition shall have the meanings assigned to such terms in the Pooling and Servicing Agreement), that:

		(1)	I have (or a Servicing Officer under my supervision has) reviewed the servicing reports covering the fiscal
year 20__ required to be delivered by the Master Servicer to the Certificate
Administrator and each applicable Other Exchange Act Reporting Party in accordance with the Pooling and Servicing Agreement;

		(2)	Based on my knowledge, and assuming the accuracy of the statements required to be made in the corresponding
certificate of the Special Servicer (to the extent such statements are relevant to the statements made in this certification by the Master
Servicer), the servicing information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit
to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by these servicing reports;

		(3)	Based on my knowledge, and assuming the accuracy of the statements required to be made in the corresponding
certificate of the Special Servicer (to the extent such statements are relevant to the statements made in this certification by the Master
Servicer), the servicing information required to be provided in these servicing reports to the Certificate
Administrator and each applicable Other Exchange Act Reporting Party by

 

    	 	Y-2-1	 

    

    

the Master Servicer under the Pooling
and Servicing Agreement is included in the servicing reports delivered by the Master Servicer to the Certificate
Administrator and each applicable Other Exchange Act Reporting Party;

		(4)	I am, or an employee under my supervision is, responsible for reviewing the activities performed by the
Master Servicer under the Pooling and Servicing Agreement and based upon my knowledge and the compliance review conducted in preparing
the servicer compliance statement required under Section 10.08 of the Pooling and Servicing Agreement with respect to the Master Servicer,
and except as disclosed in such compliance statement delivered by the Master Servicer under Section 10.08 of the Pooling and Servicing
Agreement, the Master Servicer has fulfilled its obligations under the Pooling and Servicing Agreement in all material respects in the
year to which such review applies; and

		(5)	The report on assessment of compliance with servicing criteria for asset-backed securities and the related
attestation report on assessment of compliance with servicing criteria for asset-backed securities required to be delivered in accordance
with Section 10.09 and Section 10.10 of the Pooling and Servicing Agreement discloses all material instances of noncompliance with the
Relevant Servicing Criteria.

Further, notwithstanding
the foregoing certifications, the Master Servicer does not make any certification under the foregoing clauses 1 through 5 that is in
turn dependent upon information required to be provided by any sub-servicer acting under a sub-servicing agreement that the Master Servicer
entered into in connection with the issuance of the Certificates, or upon the performance by any such sub-servicer of its obligations
pursuant to any such sub-servicing agreement, in each case beyond the respective backup certifications actually provided by such sub-servicer
to the Master Servicer with respect to the information that is subject of such certification.

	 	 	 
	Date:		 
	 	 	 
	 	 	 
	[                                ]  	 
		 	 
	 	 	 
	By:	 	 
	 	[Name]	 

 

 

    	 	Y-2-2	 

    

    

EXHIBIT Y-3

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE SPECIAL SERVICER

		Re:	Citigroup
                                            Commercial Mortgage Trust 2022-GC48 (the “Trust”), Commercial Mortgage
                                            Pass-Through Certificates, Series 2022-GC48 (the “Certificates”), issued
                                            pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling
                                            and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc.,
                                            as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master
                                            servicer (in such capacity, the “Master Servicer”), Greystone Servicing
                                            Company LLC, as a special servicer [(in such capacity, the “Special Servicer”)],
                                            Rialto Capital Advisors, LLC, solely with respect to the Yorkshire & Lexington Towers
                                            Whole Loan, as a special servicer [(in such capacity, the “Special Servicer”)],
                                            Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer,
                                            Computershare Trust Company, National Association, as certificate administrator (in such
                                            capacity, the “Certificate Administrator”), and Wilmington Trust, National Association,
                                            as trustee

I, [identify the certifying
individual], a [title] of [SPECIAL SERVICER], certify to Citigroup Commercial Mortgage Securities Inc., each Other Depositor and their
respective officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification in delivering
the certification required by the Pooling and Servicing Agreement relating to the Certificates and/or the certification required by the
applicable Other Pooling and Servicing Agreement relating to the securities issued by the applicable Other Securitization Trust (capitalized
terms used herein without definition shall have the meanings assigned to such terms in the Pooling and Servicing Agreement), that:

1.     
Based on my knowledge, the servicing information in the servicing reports or information covering the fiscal year 20__ required
to be delivered by the Special Servicer to the Master Servicer under the Pooling and Servicing Agreement, taken as a whole, does not contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to the period covered by these servicing reports;

2.     
Based on my knowledge, the servicing information required to be provided to the Master Servicer by the Special Servicer under the
Pooling and Servicing Agreement for inclusion in the reports to be filed by the Certificate
Administrator is included in the servicing reports delivered by the Special Servicer to the Master Servicer;

3.     
I am, or an employee under my supervision is, responsible for reviewing the activities performed by the Special Servicer under
the Pooling and Servicing Agreement and based upon my knowledge and the compliance review conducted in preparing the servicer compliance
statement required under Section 10.08 of the Pooling and Servicing Agreement with

    	 	Y-3-1	 

    

    

respect to the Special Servicer, and except
as disclosed in such compliance statement delivered by the Special Servicer under Section 10.08 of the Pooling and Servicing Agreement,
the Special Servicer has fulfilled its obligations under the Pooling and Servicing Agreement in all material respects in the year to which
such review applies; and

4.     
The report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report
on assessment of compliance with servicing criteria for asset-backed securities required to be delivered in accordance with Section 10.09
and Section 10.10 of the Pooling and Servicing Agreement discloses all material instances of noncompliance with the Relevant Servicing
Criteria.

	 	 	 
	Date:		 
	 	 	 
	 	 	 
	[                                ]  	 
		 	 
	 	 	 
	By:	 	 
	 	[Name]	 
	 	[Title]	 

 

 

 

    	 	Y-3-2	 

    

    

EXHIBIT Y-4

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE OPERATING ADVISOR

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48 (the “Trust”), Commercial Mortgage Pass-Through
                                            Certificates, Series 2022-GC48 (the “Certificates”), issued pursuant to
                                            the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and
                                            Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as
                                            depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master
                                            servicer, Greystone Servicing Company LLC, as a special servicer, Rialto Capital Advisors,
                                            LLC, solely with respect to Yorkshire & Lexington Towers Whole Loan, as a special servicer,
                                            Park Bridge Lender Services LLC, as operating advisor (in such capacity, the “Operating
                                            Advisor”) and as asset representations reviewer, Computershare Trust Company, National
                                            Association, as certificate administrator (in such capacity, the “Certificate Administrator”),
                                            and Wilmington Trust, National Association, as trustee

I, [identify the certifying
individual], a [title] of [OPERATING ADVISOR], certify to Citigroup Commercial Mortgage Securities Inc. and its officers, directors and
affiliates, and with the knowledge and intent that they will rely upon this certification in delivering the Sarbanes-Oxley Certification
required by Section 10.06 of the Pooling and Servicing Agreement relating to the Certificates (capitalized terms used herein without
definition shall have the meanings assigned to such terms in the Pooling and Servicing Agreement), that:

1.     
Based on my knowledge, the information required by the Pooling and Servicing Agreement to be provided to the Certificate
Administrator by the Operating Advisor covering the fiscal year 20__, taken as a whole, does not contain any untrue statement of
a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by these reports;

2.     
Based on my knowledge, the information required to be provided to the Certificate
Administrator by the Operating Advisor under the Pooling and Servicing Agreement for inclusion in the Exchange Act reports to be
filed by the Certificate Administrator is included in the reports delivered
by the Operating Advisor to the Certificate Administrator;

3.     
I am, or an officer under my supervision is, responsible for reviewing the activities performed by the Operating Advisor under
the Pooling and Servicing Agreement and based upon my knowledge the Operating Advisor has, except as described in any information provided
to the Certificate Administrator by the Operating Advisor covering the fiscal year 20[__], fulfilled its obligations under the Pooling
and Servicing Agreement in all material respects in the year to which such review applies; and

 

    	 	Y-4-1	 

    

    

4.     
 The report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report
on assessment of compliance with servicing criteria for asset-backed securities required to be delivered in accordance with Section 10.09
and Section 10.10 of the Pooling and Servicing Agreement discloses all material instances of noncompliance with the Relevant Servicing
Criteria.

[In giving the certifications
above, I have reasonably relied on information provided to me by the following unaffiliated parties: [list applicable transaction parties].]

	 	 	 
	Date:		 
	 	 	 
	 	 	 
	[                                ]  	 
		 	 
	 	 	 
	By:	 	 
	 	[Name]	 
	 	[Title]	 

 

 

    	 	Y-4-2	 

    

    

EXHIBIT Y-5

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE CUSTODIAN

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48 (the “Trust”), Commercial Mortgage Pass-Through
                                            Certificates, Series 2022-GC48 (the “Certificates”), issued pursuant to
                                            the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and
                                            Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as
                                            depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master
                                            servicer, Greystone Servicing Company LLC, as a special servicer, Rialto Capital Advisors,
                                            LLC, solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a special
                                            servicer, Park Bridge Lender Services LLC, as operating advisor and asset representations
                                            reviewer, Computershare Trust Company, National Association, as certificate administrator
                                            (in such capacity, the “Certificate Administrator”) and custodian (in
                                            such capacity, the “Custodian”), and Wilmington Trust, National Association,
                                            as trustee (in such capacity, the “Trustee”)

I, [identify the certifying
individual], a [title] of [CUSTODIAN], certify to Citigroup Commercial Mortgage Securities Inc., each Other Depositor and their respective
officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification in delivering the Sarbanes-Oxley
Certification required by Section 10.06 of the Pooling and Servicing Agreement relating to the Certificates and/or the Sarbanes-Oxley
Act certification required by the applicable Other Pooling and Servicing Agreement relating to the securities issued by the applicable
Other Securitization Trust (capitalized terms used herein without definition shall have the meanings assigned to such terms in the Pooling
and Servicing Agreement), that:

1.     
Based on my knowledge, the information required by the Pooling and Servicing Agreement to be provided to the Certificate
Administrator and each applicable Other Exchange Act Reporting Party by the Custodian covering the fiscal year 20__, taken as a
whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made,
in light of the circumstances under which such statements were made, not misleading with respect to the period covered by these reports;

2.     
Based on my knowledge, the information required to be provided to the Certificate
Administrator by the Custodian under the Pooling and Servicing Agreement for inclusion in the Exchange Act reports to be filed
by the Certificate Administrator is included in the reports delivered
by the Custodian to the Certificate Administrator;

3.     
I am, or an officer under my supervision is, responsible for reviewing the activities performed by the Custodian under the Pooling
and Servicing Agreement and based upon my knowledge the Custodian has, except as described in any information provided to the

    	 	Y-5-1	 

    

    

Certificate Administrator by the Custodian
covering the fiscal year 20[__], fulfilled its obligations under the Pooling and Servicing Agreement in all material respects in the year
to which such review applies; and

4.     
The report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report on
assessment of compliance with servicing criteria for asset-backed securities required to be delivered in accordance with Section 10.09
and Section 10.10 of the Pooling and Servicing Agreement discloses all material instances of noncompliance with the Relevant Servicing
Criteria.

In giving the certifications
above, I have reasonably relied on information provided to me by the following unaffiliated parties: [list applicable transaction parties].

	 	 	 
	Date:		 
	 	 	 
	 	 	 
	[                                ]  	 
		 	 
	 	 	 
	By:	 	 
	 	[Name]	 
	 	[Title]	 

 

    	 	Y-5-2	 

    

    

EXHIBIT Y-6

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE TRUSTEE

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48 (the “Trust”), Commercial Mortgage Pass-Through Certificates,
                                            Series 2022-GC48 (the “Certificates”), issued pursuant to the Pooling
                                            and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”),
                                            between Citigroup Commercial Mortgage Securities Inc., as depositor, Midland Loan Services,
                                            a Division of PNC Bank, National Association, as master servicer, Greystone Servicing Company
                                            LLC, as a special servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
                                            & Lexington Towers Whole Loan, as a special servicer, Park Bridge Lender Services LLC,
                                            as operating advisor and as asset representations reviewer, Computershare Trust Company,
                                            National Association, as certificate administrator (in such capacity, the “Certificate
                                            Administrator”), and Wilmington Trust, National Association, as trustee (in such
                                            capacity, the “Trustee”)

I, [identify the certifying
individual], a [title] of [TRUSTEE], certify to Citigroup Commercial Mortgage Securities Inc., each Other Depositor and their respective
officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification in delivering the Sarbanes-Oxley
Certification required by Section 10.06 of the Pooling and Servicing Agreement relating to the Certificates and/or the Sarbanes-Oxley
Act certification required by the applicable Other Pooling and Servicing Agreement relating to the securities issued by the applicable
Other Securitization Trust (capitalized terms used herein without definition shall have the meanings assigned to such terms in the Pooling
and Servicing Agreement), that:

1.     
Based on my knowledge, the information required by the Pooling and Servicing Agreement to be provided to the Certificate
Administrator and each applicable Other Exchange Act Reporting Party by the Trustee covering the fiscal year 20__, taken as a whole,
does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light
of the circumstances under which such statements were made, not misleading with respect to the period covered by these reports;

2.     
Based on my knowledge, the information required to be provided to the Certificate
Administrator by the Trustee under the Pooling and Servicing Agreement for inclusion in the Exchange Act reports to be filed by
the Certificate Administrator is included in the reports delivered by
the Trustee to the Certificate Administrator;

3.     
I am, or an officer under my supervision is, responsible for reviewing the activities performed by the Trustee under the Pooling
and Servicing Agreement and based upon my knowledge the Trustee has, except as described in any information provided to the Certificate

    	 	Y-6-1	 

    

    

Administrator by the Trustee covering the fiscal
year 20[__], fulfilled its obligations under the Pooling and Servicing Agreement in all material respects in the year to which such review
applies; and

4.     
The report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report on
assessment of compliance with servicing criteria for asset-backed securities required to be delivered in accordance with Section 10.09
and Section 10.10 of the Pooling and Servicing Agreement discloses all material instances of noncompliance with the Relevant Servicing
Criteria.

In giving the certifications
above, I have reasonably relied on information provided to me by the following unaffiliated parties: [list applicable transaction parties].

	 	 	 
	Date:		 
	 	 	 
	 	 	 
	[                                ]  	 
		 	 
	 	 	 
	By:	 	 
	 	[Name]	 
	 	[Title]	 

 

    	 	Y-6-2	 

    

    

EXHIBIT Y-7

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE ASSET REPRESENTATIONS REVIEWER

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48 (the “Trust”), Commercial Mortgage Pass-Through
                                            Certificates, Series 2022-GC48 (the “Certificates”), issued pursuant to
                                            the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and
                                            Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as
                                            depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master
                                            servicer (in such capacity, the “Master Servicer”), Greystone Servicing
                                            Company LLC, as a special servicer, Rialto Capital Advisors, LLC, solely with respect to
                                            the Yorkshire & Lexington Towers Whole Loan, as a special servicer, Park Bridge Lender
                                            Services LLC, as operating advisor and as asset representations reviewer (in such capacity,
                                            the “Asset Representations Reviewer”), Computershare Trust Company, National
                                            Association, as certificate administrator (in such capacity, the “Certificate Administrator”),
                                            and Wilmington Trust, National Association, as trustee (in such capacity, the “Trustee”)

I, [identify the certifying
individual], a [title] of [ASSET REPRESENTATIONS REVIEWER], certify to Citigroup Commercial Mortgage Securities Inc. and its officers,
directors and affiliates, and with the knowledge and intent that they will rely upon this certification in delivering the Sarbanes-Oxley
Certification required by Section 10.06 of the Pooling and Servicing Agreement relating to the Certificates (capitalized terms used
herein without definition shall have the meanings assigned to such terms in the Pooling and Servicing Agreement), that:

1.     
Based on my knowledge, with respect to the period ending [December 31, 20__] (the “Relevant Period”), all
information required to be submitted by the Asset Representations Reviewer to the Master Servicer, the Depositor, Trustee or Certificate
Administrator, as applicable, pursuant to the Pooling and Servicing Agreement for inclusion in the annual report on Form 10-K
for the Relevant Period and inclusion in all reports on Form 10-D or Form 8-K (the “Reports”) (such information
provided by the Asset Representations Reviewer, collectively, the “Asset Representations Reviewer Periodic Information”)
have been submitted by the Asset Representations Reviewer to the Master Servicer, the Depositor, the Trustee or the Certificate Administrator,
as applicable, for inclusion in the Reports;

2.     
Based on my knowledge, the Asset Representations Reviewer Periodic Information contained in the Reports, taken as a whole, does
not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of
the circumstances under which such statements were made, not misleading with respect to the period covered by the Form 10-K;

    	 	Y-7-1	 

    

    

3.     
 I am, or an officer under my supervision is, responsible for reviewing the activities performed by the Asset Representations Reviewer
under the Pooling and Servicing Agreement and based upon my knowledge the Asset Representations Reviewer has, except as described in any
information provided to the Certificate Administrator by the Asset Representations Reviewer covering the fiscal year 20[__], fulfilled
its obligations under the Pooling and Servicing Agreement in all material respects in the year to which such review applies; and

[In giving the certifications
above, I have reasonably relied on information provided to me by the following unaffiliated parties: [list applicable transaction parties].]

	 	 	 
	Date:		 
	 	 	 
	 	 	 
	[                                ]  	 
		 	 
	 	 	 
	By:	 	 
	 	[Name]	 
	 	[Title]	 

 

    	 	Y-7-2	 

    

    

EXHIBIT Y-8

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY A SUB-SERVICER

		Re:	Citigroup
Commercial Mortgage Trust 2022-GC48 (the “Trust”), Commercial Mortgage Pass-Through Certificates, Series 2022-GC48
(the “Certificates”), issued pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling
and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as master servicer (in such capacity, the “Master Servicer”), Greystone Servicing
Company LLC and Rialto Capital Advisors, LLC, each as a special servicer (in such capacity, the “Special Servicer”),
Park Bridge Lender Services LLC, as operating advisor (in such capacity, the “Operating Advisor”) and asset representations
reviewer, Computershare Trust Company, National Association, as certificate administrator (in such capacity, the “Certificate
Administrator”), and Wilmington Trust, National Association, as trustee (in such capacity, the “Trustee”)

and

Sub-servicing agreement, dated as of [______], 2022 (the “Sub-Servicing Agreement”) between [_____________] and [SUB-SERVICER],
as sub-servicer (the “Sub-Servicer”),

I, [identify the certifying
individual], a [title] of [SUB-SERVICER], certify to Citigroup Commercial Mortgage Securities Inc., each Other Depositor and their respective
officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification in delivering the certification
required by the Pooling and Servicing Agreement relating to the Certificates and/or the certification required by the applicable Other
Pooling and Servicing Agreement relating to the securities issued by the applicable Other Securitization Trust (capitalized terms used
herein without definition shall have the meanings assigned to such terms in the Pooling and Servicing Agreement), that:

		(1)	I have (or a Servicing Officer under my supervision has) reviewed the servicing reports submitted by the
Sub-Servicer to the Master Servicer, the Certificate Administrator and/or each
applicable Other Exchange Act Reporting Party pursuant to the Sub-Servicing Agreement (the “Sub-Servicer Reports”)
for inclusion in the annual report on Form 10-K or any report on Form 10-D with respect to the Trust covering the fiscal year 20__ ;

		(2)	Based on my knowledge, and assuming the accuracy of the statements required to be made in the corresponding
certificate of the Special Servicer (to the extent such statements are relevant to the statements made in this certification by the Sub-Servicer),
the servicing information in the Sub-Servicer Reports, taken as a whole, does not contain

 

    	 	Y-8-1	 

    

    

any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by the Sub-Servicer Reports;

		(3)	Based on my knowledge, and assuming the accuracy of the statements required to be made in the corresponding
certificate of the Special Servicer (to the extent such statements are relevant to the statements made in this certification by the Sub-Servicer),
the servicing information required to be provided in the Sub-Servicer Reports to the Master Servicer, the Certificate
Administrator and/or each applicable Other Exchange Act Reporting Party by the Sub-Servicer under the Sub-Servicing Agreement is
included in the Sub-Servicer Reports delivered by the Sub-Servicer to the Master Servicer the Certificate Administrator and/or each applicable
Other Exchange Act Reporting Party;

		(4)	I am, or an employee under my supervision is, responsible for reviewing the activities performed by the
Sub-Servicer under the Sub-Servicing Agreement and based upon my knowledge and the compliance review conducted in preparing the servicer
compliance statement required under Section 10.08 of the Pooling and Servicing Agreement with respect to the Sub-Servicer, and except
as disclosed in such compliance statement delivered by the Sub-Servicer under Section 10.08 of the Pooling and Servicing Agreement, the
Sub-Servicer has fulfilled its obligations under the Sub-Servicing Agreement in all material respects in the year to which such review
applies; and

		(5)	The report on assessment of compliance with servicing criteria for asset-backed securities and the related
attestation report on assessment of compliance with servicing criteria for asset-backed securities required to be delivered in accordance
with Section 10.09 and Section 10.10 of the Pooling and Servicing Agreement discloses all material instances of noncompliance with the
Relevant Servicing Criteria.

 

	 	 	 
	Date:		 
	 	 	 
	 	 	 
	[                                ]  	 
		 	 
	 	 	 
	By:		 
	[Name]	 

 

 

    	 	Y-8-2	 

    

    

EXHIBIT Z

FORM 8-K DISCLOSURE INFORMATION

 

The
parties identified in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible for
the following items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant to Section
10.07 of the Pooling and Servicing Agreement to disclose to the Depositor, the Certificate Administrator, each Other Depositor and Other
Exchange Act Reporting Party to which such Form 8-K Disclosure Information is relevant for Exchange Act reporting purposes, the
occurrence of any event described in the corresponding Form 8-K Item described in the “Item on Form 8-K” column to the extent
such party has actual knowledge (after complying with its affirmative obligations,
if any, under the Pooling and Servicing Agreement to obtain such information) of such information (other than information as to such party
itself which such party is obligated to provide). Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special
Servicer shall be entitled to rely on the accuracy of the Prospectus (other than information with respect to itself that is set forth
in or omitted from the Prospectus), in the absence of specific written notice to the contrary from the Depositor or Mortgage Loan Sellers.
Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled
to conclusively assume that there is no “significant obligor” other than a party identified as such in the Prospectus. For
this Citigroup Commercial Mortgage Trust 2022-GC48 Pooling and Servicing
Agreement, each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such)
shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative instruments within the meaning of
Items 1114 or 1115 of Regulation AB other than a party identified as such in the Prospectus.

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
    1.01- Entry into a Material Definitive Agreement	Master Servicer,
    Special Servicer and the Trustee (in the case of the Master Servicer, Special Servicer, and the Trustee, only as to agreements it
    is a party to or entered into on behalf of the Trust)

    Certificate Administrator (other than as to agreements to which the
    Depositor (and no other party to the Pooling and Servicing Agreement) is a party)

    Depositor

	Item
    1.02- Termination of a Material Definitive Agreement	Master Servicer,
    Special Servicer and the Trustee (in the case of the Master Servicer, Special Servicer and the Trustee, only as to agreements it
    is a party to or entered into on behalf of the Trust)

    Certificate
    Administrator (other than as to agreements to which the Depositor (and no other party to the
    Pooling and Servicing

     

    	 	Z-1	 

    

    

 

	Item
    on Form 8-K	Party
    Responsible 
		Agreement) is a
    party)

    Depositor

	Item
    1.03- Bankruptcy or Receivership	Depositor

    Each Mortgage Loan Seller as to itself

    Each other party to the Pooling and Servicing Agreement (as to itself)
	Item
    2.04- Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement	Depositor

    Certificate Administrator
	Item
    3.03- Material Modification to Rights of Security Holders	Certificate
    Administrator
	Item
    5.03- Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year	Depositor
	Item
    5.07:  Submission of Matters to a Vote of Security Holders	Certificate Administrator

    Trustee

	Item
    6.01- ABS Informational and Computational Material	Depositor
	Item
    6.02- Change of Master Servicer, Special Servicer or Trustee	Master Servicer
    (as to itself or a servicer retained by it)

    Special Servicer
    (as to itself or a servicer retained by it)

    Trustee

    Certificate Administrator (as to itself or a servicer retained by it)

    Depositor

	Item
    6.03- Change in Credit Enhancement or Other External Support	Depositor

    Certificate Administrator
	Item
    6.04- Failure to Make a Required Distribution	Certificate
    Administrator
	Item
    6.05- Securities Act Updating Disclosure	Depositor
	Item
    7.01- Regulation FD Disclosure	Depositor
	Item
    8.01 – Other Events	Depositor
	Item
    9.01 – Financial Statements and Exhibits	Depositor

 

 

    	 	Z-2	 

    

    

EXHIBIT AA-1

FORM OF POWER OF ATTORNEY FOR MASTER SERVICER

 

RECORDING REQUESTED BY:

 

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

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Fax number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

 

SPACE ABOVE THIS LINE FOR RECORDER’S USE

 

LIMITED POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that Wilmington Trust,
National Association, a national banking association, incorporated and existing under the laws of the United States, having its usual
place of business at 1100 North Market Street, Wilmington, Delaware 19890, as Trustee (the “Trustee”) for Citigroup
Commercial Mortgage Trust 2022-GC48 pursuant to that Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”)
between Citigroup Commercial Mortgage Securities Inc., as depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as master servicer, Greystone Servicing Company LLC, as a special servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire
& Lexington Towers Whole Loan, as a special servicer, Park Bridge Lender Services LLC, as operating advisor and as asset representations
reviewer, Computershare Trust Company, National Association, as certificate administrator, and Wilmington Trust, National Association,
as trustee, relating to the Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48,
hereby constitutes and appoints Midland Loan Services, a Division of PNC Bank, National Association (the “Servicer”),
by and through the Servicer’s officers, the Trustee’s true and lawful Attorney-in-Fact, in the Trustee’s name, place
and stead and for the Trustee’s benefit, in connection with all mortgage loans serviced by the Servicer (the “Mortgage
Loans”) and all properties administered by the Servicer (“Properties”) pursuant to the Agreement, to execute
and acknowledge in writing or by facsimile stamp all documents customarily and reasonably necessary and appropriate to effectuate the
enumerated transactions described in items (1) through (13) below with respect to the Mortgage Loans and Properties; provided however,
that the documents described below may only be executed and delivered by such Attorneys-in-Fact if such documents are required or permitted
under the Agreement. Capitalized terms used herein and not otherwise defined herein have the meanings set forth in the Agreement.

 

		1.	The endorsement on behalf of the Trustee of all checks, drafts and/or other negotiable instruments made
payable to the Trustee and to draw upon, replace, substitute, release or amend letters of credit standing as collateral securing any Mortgage
Loan.

 

    	 	AA-1-1	 

    

    

		2.	The modification or re-recording of a Mortgage or deed of trust, where said modification or re-recording
is solely for the purpose of correcting such Mortgage or deed of trust to conform same to the original intent of the parties thereto or
to correct title errors discovered after such title insurance was issued; provided that said modification or re-recording, in either
instance, (i) does not adversely affect the lien of the Mortgage or deed of trust as insured and (ii) otherwise conforms to the provisions
of the Agreement.

 

		3.	The subordination of the lien of a Mortgage or deed of trust to an easement in favor of a public utility
company or a government agency or unit with powers of eminent domain; this section shall include, without limitation, the execution of
partial satisfactions/releases, partial reconveyances or the execution of requests to trustees to accomplish same.

 

		4.	The conveyance of the properties to the mortgage insurer, or the closing of the title to the property
to be acquired as real estate owned, or conveyance of title to real estate owned.

 

		5.	The completion of loan assumption agreements and transfers of interest in borrower entities.

 

		6.	The full satisfaction/release of a Mortgage or deed of trust or full conveyance upon payment and discharge
of all sums secured thereby, including, without limitation, cancellation of the related Mortgage Note.

 

		7.	The assignment of any Mortgage or deed of trust and the related Mortgage Note, in connection with the
sale or repurchase of the mortgage loan secured and evidenced thereby.

 

		8.	The full assignment of a Mortgage or deed of trust upon payment and discharge of all sums secured thereby
in conjunction with the refinancing thereof, including, without limitation, the assignment of the related Mortgage Note.

 

		9.	The full enforcement of and preservation of the Trustee’s interests in the Mortgage Notes, Mortgages
or deeds of trust, and in the proceeds thereof, by way of, including but not limited to, taking title to any Mortgaged Property on behalf
of the Trust, foreclosure, the taking of a deed-in-lieu of foreclosure, or the completion of judicial or non-judicial foreclosure and/or
any related litigation, including without limitation, guaranty or receivership litigation, or litigation on the note, or the termination,
cancellation or rescission of any such foreclosure, the initiation, prosecution and completion of eviction actions or proceedings with
respect to, or the termination, cancellation or rescission of any such eviction actions or proceedings, the initiation or defense of any
litigation related to the ownership of any REO Property, and the pursuit of title insurance, hazard insurance and claims in bankruptcy
proceedings, including, without limitation, any and all of the following acts:

    	 	AA-1-2	 

    

    

 

		a.	the substitution of trustee(s) serving under a deed of trust, in accordance with state law and such deed of trust;

 

		b.	the preparation and issuance of statements of breach or non-performance;

 

		c.	the preparation and filing of notices of default and/or notices of sale;

 

		d.	the cancellation/rescission of notices of default and/or notices of sale;

 

		e.	the taking of deed in lieu of foreclosure;

 

		f.	the filing, prosecution and defense of claims, and to appear on behalf of the Trustee, in bankruptcy cases affecting Mortgage Notes,
Mortgages or deeds of trust;

 

		g.	the preparation and service of notices to quit and all other documents necessary to initiate, prosecute and complete eviction actions
or proceedings;

 

		h.	the tendering, filing, prosecution and defense, as applicable, of hazard insurance and title insurance claims, including but not limited
to appearing on behalf of the Trustee in quiet title actions;

 

		i.	the creation of a wholly-owned entity of the Trust for purposes of holding foreclosed property; and

 

		j.	the preparation and execution of such other documents and performance of such other actions as may be necessary under the terms of
the Mortgage, deed of trust or state law to expeditiously complete said transactions in paragraphs 9.a. through 9.h. above.

 

		10.	With respect to the sale of property acquired through a foreclosure or deed-in lieu of foreclosure, including,
without limitation, the execution of the following documentation:

		a.	listing agreements;

		b.	purchase and sale agreements;

		c.	grant/warranty/quit claim deeds or any other deed causing the transfer of title of the property to a party contracted to purchase
same;

		d.	escrow instructions; and

		e.	any and all documents necessary to effect the transfer of property.

 

		11.	The modification or amendment of escrow agreements established for repairs to the mortgaged property or
reserves for replacement of personal property.

 

    	 	AA-1-3	 

    

    

		12.	Execute and/or file such documents and take such other action as is proper and necessary to defend the
Trustee, solely in its capacity as Trustee, in litigation and to resolve such litigation, provided that such resolution shall not include
any admission of fault or wrongdoing by the Trustee or, without the Trustee’s consent, subject the Trustee to any form of injunctive
relief.

 

		13.	The execution and delivery of the following:

 

		a.	any and all financing statements, continuation statements and other documents or instruments necessary
to maintain the lien created by the Mortgage, deed of trust or other security document in the related Mortgage File or the related Mortgaged
Property and other related collateral;

 

		b.	any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, or
of partial or full defeasance, and all other comparable instruments;

 

		c.	any and all assumptions, modifications, waivers, substitutions, extensions, amendments, consents to transfers
of interests in borrowers, consents to any subordinate financings to be secured by any related Mortgaged Property, consents to any mezzanine
financing to be secured by the ownership interests in a borrower, consents to and monitoring of the application of any proceeds of insurance
policies or condemnation awards to the restoration of the related Mortgaged Property, or otherwise, documents relating to the management,
operation, maintenance, repair, leasing and marketing of the related Mortgaged Properties (including agreements and requests by any borrower
with respect to modifications of the standards of operation and management of such Mortgaged Properties or the replacement of asset managers),
documents exercising any or all of the rights, powers and privileges granted or provided to the holder of any Mortgage Loan under the
related loan documents, lease subordination agreements, non-disturbance and attornment agreements or other leasing or rental arrangements,
managing agreements, any easements, covenants, conditions, restrictions, equitable servitudes, or land use or zoning requirements with
respect to the Mortgaged Properties, instruments relating to the custody of any collateral that now secures or hereafter may secure any
Mortgage Loan and any other consents; and

 

		d.	any and all documents, instruments and certifications as are reasonably necessary to complete or accomplish
the Master Servicer’s duties and responsibilities under the Agreement.

 

The undersigned gives said Attorney-in-Fact full power
and authority to execute such instruments and to do and perform all and every act and thing necessary and proper to carry into effect
the power or powers granted by or under this Limited Power of Attorney as fully as the

    	 	AA-1-4	 

    

    

undersigned might or could do, and hereby does ratify
and confirm to all that said Attorney-in-Fact shall be effective as of [EXECUTION DATE OF POA].

 

This appointment is to be construed and interpreted
as a limited power of attorney. The enumeration of specific items, rights, acts or powers herein is not intended to, nor does it give
rise to, and it is not to be construed as a general power of attorney.

 

Solely to the extent that the Servicer has the power
to delegate its rights or obligations under the Agreement, the Servicer also has the power to delegate the authority given to it by Wilmington
Trust, National Association, as Trustee, under this Limited Power of Attorney, for purposes of performing its obligations and duties by
executing such additional powers of attorney in favor of its attorneys-in-fact as are necessary for such purpose. The Servicer's attorneys-in-fact
shall have no greater authority than that held by the Servicer.

 

Nothing contained herein shall: (i) limit in
any manner any indemnification provided to the Trustee under the Agreement, (ii) limit in any manner the rights and protections afforded
the Trustee under the Agreement, or (iii) be construed to grant the Servicer the power to initiate or defend any suit, litigation
or proceeding in the name of Wilmington Trust, National Association except as specifically provided for herein. If the Servicer receives
any notice of suit, litigation or proceeding in the name of Wilmington Trust, National Association, then the Servicer shall promptly forward
a copy of same to the Trustee.

 

This limited power of attorney is not intended to
extend the powers granted to the Servicer under the Agreement or to allow the Servicer to take any action with respect to Mortgages, deeds
of trust or Mortgage Notes not authorized by the Agreement.

 

The Servicer hereby agrees to indemnify and hold the
Trustee and its directors, officers, employees and agents harmless from and against any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by reason or result of
the negligent use, or negligent or willful misuse, of this Limited Power of Attorney by the Servicer. The foregoing indemnity shall survive
the termination of this Limited Power of Attorney and the Agreement or the earlier resignation or removal of the Trustee under the Agreement.

 

This Limited Power of Attorney is entered into and
shall be governed by the laws of the State of New York, without regard to conflicts of law principles of such state.

 

Third parties without actual notice may rely upon
the exercise of the power granted under this Limited Power of Attorney; and may be satisfied that this Limited Power of Attorney shall
continue in full force and effect and has not been revoked unless an instrument of revocation has been made in writing by the undersigned.

 

IN WITNESS WHEREOF, Wilmington Trust, National Association,
as Trustee for Citigroup Commercial Mortgage Trust 2022-GC48 has caused its corporate seal to be hereto affixed and these presents to
be signed and acknowledged in its name and behalf by a duly elected and authorized signatory this ___________ day of ____________.

    	 	AA-1-5	 

    

    

 

	 

	 
	Wilmington
                                            Trust, National Association, 

	 	 	as Trustee for Citigroup Commercial Mortgage Trust 2022-GC48
	 	 	 
	 

	 

	 

	 

	By:

	 

	 

	 

	         Name:

	 

	 

	         Title:

 

 

Witness:

 

____________________

 

Witness:

 

_____________________

 

 

Prepared by:

_____________________

Name:

Title:

 

 

	Address:	Wilmington Trust, National Association

	 	1100 North Market Street

	 	Wilmington, Delaware 19890

 

 

A notary public or other officer completing this
certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness,
accuracy, or validity of that document.

 

STATE OF DELAWARE

COUNTY OF NEW CASTLE

 

 

On _____________before me, ____________________________, a Notary Public,
personally appeared _____________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within instrument and acknowledged to me that he/she/they executed that same in his/her/their authorized capacity(ies),
and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed
the instrument.

 

    	 	AA-1-6	 

    

    

 

I certify under PENALTY OF PERJURY under the laws of the State of Delaware
that the foregoing paragraph is true and correct.

 

	WITNESS my hand and official seal.	 
	(SEAL)	 
	 	 
	 	 
	 	 
	 	Signature of Notary Public

 

 

 

    	 	AA-1-7	 

    

    

EXHIBIT AA-2

FORM OF POWER OF ATTORNEY FOR SPECIAL SERVICER

 

RECORDING REQUESTED BY:

 

[Greystone Servicing Company LLC,

as a Special Servicer

5221 N. O'Connor Blvd., Suite 800

Irving, TX 75039

Attention: Amy Dixon, General Counsel

email: amy.dixon@greyco.com

with a copy to:

Jenna Unell, Senior Managing Director email: jenna.unell@greyco.com]

 

[Rialto Capital Advisors, LLC,

         as a Special Servicer

Southeast Financial Center

200 S. Biscayne Blvd, Suite 3550

Miami, Florida 33131

Attention: Liat Heller

Facsimile number: (305) 229-6425

Email: liat.heller@rialtocapital.com

with a copy to:

Rialto Capital Advisors, LLC,

         as a Special Servicer

Southeast Financial Center

200 S. Biscayne Blvd, Suite 3550

Miami, Florida 33131

Attention: Jeff Krasnoff, Niral Shah and Adam Singer

Facsimile number: (305) 229-6425

Email: niral.shah@rialtocapital.com, adam.singer@rialtocapital.com,
and 

jeff.krasnoff@rialtocapital.com]

 

SPACE ABOVE THIS LINE FOR RECORDER’S USE

 

LIMITED POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that Wilmington Trust,
National Association, a national banking association, incorporated and existing under the laws of the United States, having its usual
place of business at 1100 North Market Street, Wilmington, Delaware 19890, as Trustee (the “Trustee”) for Citigroup
Commercial Mortgage Trust 2022-GC48 pursuant to that Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”)
between

 

    	 	AA-2-1	 

    

    

Citigroup Commercial Mortgage Securities Inc., as
depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Greystone Servicing Company LLC, as
a special servicer [(in such capacity, the “Special Servicer”)], Rialto Capital Advisors, LLC, solely with respect
to the Yorkshire & Lexington Towers Whole Loan, as a special servicer [(in such capacity, the “Special Servicer”)],
Park Bridge Lending Services LLC, as operating advisor and as asset representations reviewer, Computershare Trust Company, National Association,
as certificate administrator, and Wilmington Trust, National Association, as trustee, relating to the Citigroup Commercial Mortgage Trust
2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48, hereby constitutes and appoints the Special Servicer, by and
through the Special Servicer’s officers, the Trustee’s true and lawful Attorney-in-Fact, in the Trustee’s name, place
and stead and for the Trustee’s benefit, in connection with all mortgage loans serviced by the Special Servicer (the “Mortgage
Loans”) and all properties administered by the Special Servicer (“REO Properties”) pursuant to the Agreement,
to execute and acknowledge in writing or by facsimile stamp all documents customarily and reasonably necessary and appropriate to effectuate
the enumerated transactions described in items (1) through (13) below with respect to the Mortgage Loans and REO Properties; provided
however, that the documents described below may only be executed and delivered by such Attorneys-in-Fact if such documents are required
or permitted under the Agreement. Capitalized terms used herein and not otherwise defined herein have the meanings set forth in the Agreement.

 

		1.	The endorsement on behalf of the Trustee of all checks, drafts and/or other negotiable instruments made
payable to the Trustee and to draw upon, replace, substitute, release or amend letters of credit standing as collateral securing any Mortgage
Loan.

 

		2.	The modification or re-recording of a Mortgage or deed of trust, where said modification or re-recording
is solely for the purpose of correcting the Mortgage or deed of trust to conform same to the original intent of the parties thereto or
to correct title errors discovered after such title insurance was issued; provided that said modification or re-recording, in either
instance, (i) does not adversely affect the lien of the Mortgage or deed of trust as insured and (ii) otherwise conforms to the provisions
of the Agreement.

 

		3.	The subordination of the lien of a Mortgage or deed of trust to an easement in favor of a public utility
company or a government agency or unit with powers of eminent domain; this section shall include, without limitation, the execution of
partial satisfactions/releases, partial reconveyances or the execution of requests to trustees to accomplish same.

 

		4.	The conveyance of the properties to the mortgage insurer, or the closing of the title to the property
to be acquired as real estate owned, or conveyance of title to real estate owned.

 

		5.	The completion of loan assumption agreements and transfers of interest in borrower entities.

 

    	 	AA-2-2	 

    

    

		6.	The full satisfaction/release of a Mortgage or deed of trust or full conveyance upon payment and discharge
of all sums secured thereby, including, without limitation, cancellation of the related Mortgage Note.

 

		7.	The assignment of any Mortgage or deed of trust and the related Mortgage Note, in connection with the
sale or repurchase of the mortgage loan secured and evidenced thereby.

 

		8.	The full assignment of a Mortgage or deed of trust upon payment and discharge of all sums secured thereby
in conjunction with the refinancing thereof, including, without limitation, the assignment of the related Mortgage Note.

 

		9.	The full enforcement of and preservation of the Trustee’s interests in the Mortgage Notes, Mortgages
or deeds of trust, and in the proceeds thereof, by way of, including but not limited to, taking title to any Mortgaged Property on behalf
of the Trust, foreclosure, the taking of a deed in lieu of foreclosure, or the completion of judicial or non-judicial foreclosure and/or
any related litigation, including without limitation, guaranty or receivership litigation, or litigation on the note, or the termination,
cancellation or rescission of any such foreclosure, the initiation, prosecution and completion of eviction actions or proceedings with
respect to, or the termination, cancellation or rescission of any such eviction actions or proceedings, the initiation or defense of any
litigation related to the ownership of any REO Property, and the pursuit of title insurance, hazard insurance and claims in bankruptcy
proceedings, including, without limitation, any and all of the following acts:

 

		a.	the substitution of trustee(s) serving under a deed of trust, in accordance with state law and the deed of trust;

 

		b.	the preparation and issuance of statements of breach or non-performance;

 

		c.	the preparation and filing of notices of default and/or notices of sale;

 

		d.	the cancellation/rescission of notices of default and/or notices of sale;

 

		e.	the taking of deed in lieu of foreclosure;

 

		f.	the filing, prosecution and defense of claims, and to appear on behalf of the Trustee, in bankruptcy cases affecting Mortgage Notes,
Mortgages or deeds of trust;

 

		g.	the preparation and service of notices to quit and all other documents necessary to initiate, prosecute and complete eviction actions
or proceedings;

 

    	 	AA-2-3	 

    

    

		h.	the tendering, filing, prosecution and defense, as applicable, of hazard insurance and title insurance claims, including but not limited
to appearing on behalf of the Trustee in quiet title actions;

 

		i.	the creation of a wholly-owned entity of the Trust for purposes of holding foreclosed property; and

 

		j.	the preparation and execution of such other documents and performance of such other actions as may be necessary under the terms of
the Mortgage, deed of trust or state law to expeditiously complete said transactions in paragraphs 9.a. through 9.h. above.

 

		10.	With respect to the sale of property acquired through a foreclosure or deed-in lieu of foreclosure, including,
without limitation, the execution of the following documentation:

		a.	listing agreements;

		b.	purchase and sale agreements;

		c.	grant/warranty/quit claim deeds or any other deed causing the transfer of title of the property to a party contracted to purchase
same;

		d.	escrow instructions; and

		e.	any and all documents necessary to effect the transfer of property.

 

		11.	The modification or amendment of escrow agreements established for repairs to the mortgaged property or
reserves for replacement of personal property.

 

		12.	Execute and/or file such documents and take such other action as is proper and necessary to defend the
Trustee, solely in its capacity as Trustee, in litigation and to resolve such litigation, provided that such resolution shall not include
any admission of fault or wrongdoing by the Trustee or, without the Trustee’s consent, subject the Trustee to any form of injunctive
relief.

 

		13.	The execution and delivery of the following:

 

		a.	any and all financing statements, continuation statements and other documents or instruments necessary
to maintain the lien created by the Mortgage, deed of trust or other security document in the related Mortgage File or the related Mortgaged
Property and other related collateral;

 

		b.	any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, or
of partial or full defeasance, and all other comparable instruments;

 

		c.	any and all assumptions, modifications, waivers, substitutions, extensions, amendments, consents to transfers
of interests in borrowers, consents to any subordinate financings to be secured by any related Mortgaged Property, consents to any mezzanine
financing to be secured by the

 

    	 	AA-2-4	 

    

    

ownership interests in a borrower, consents
to and monitoring of the application of any proceeds of insurance policies or condemnation awards to the restoration of the related Mortgaged
Property, REO Property or otherwise, documents relating to the management, operation, maintenance, repair, leasing and marketing of the
related Mortgaged Properties (including agreements and requests by any borrower with respect to modifications of the standards of operation
and management of such Mortgaged Properties or the replacement of asset managers) or REO Properties, documents exercising any or all of
the rights, powers and privileges granted or provided to the holder of any Mortgage Loan under the related loan documents, lease subordination
agreements, non-disturbance and attornment agreements or other leasing or rental arrangements, managing agreements, any easements, covenants,
conditions, restrictions, equitable servitudes, or land use or zoning requirements with respect to the Mortgaged Properties or REO Properties,
instruments relating to the custody of any collateral that now secures or hereafter may secure any Mortgage Loan and any other consents;
and

 

		d.	any and all documents, instruments and certifications as are reasonably necessary to complete or accomplish
the Special Servicer’s duties and responsibilities under the Agreement.

 

The undersigned gives said Attorney-in-Fact full power
and authority to execute such instruments and to do and perform all and every act and thing necessary and proper to carry into effect
the power or powers granted by or under this Limited Power of Attorney as fully as the undersigned might or could do, and hereby does
ratify and confirm to all that said Attorney-in-Fact shall be effective as of [EXECUTION DATE OF POA].

 

This appointment is to be construed and interpreted
as a limited power of attorney. The enumeration of specific items, rights, acts or powers herein is not intended to, nor does it give
rise to, and it is not to be construed as a general power of attorney.

 

Solely to the extent that the Special Servicer has
the power to delegate its rights or obligations under the Agreement, the Special Servicer also has the power to delegate the authority
given to it by Wilmington Trust, National Association, as Trustee, under this Limited Power of Attorney, for purposes of performing its
obligations and duties by executing such additional powers of attorney in favor of its attorneys-in-fact as are necessary for such purpose.
The Special Servicer's attorneys-in-fact shall have no greater authority than that held by the Special Servicer.

 

Nothing contained herein shall: (i) limit in any manner
any indemnification provided to the Trustee under the Agreement, (ii) limit in any manner the rights and protections afforded the Trustee
under the Agreement, or (iii) be construed to grant the Special Servicer the power to initiate or defend any suit, litigation or proceeding
in the name of Wilmington Trust, National Association except as specifically provided for herein. If the Special Servicer receives any
notice of suit, litigation or proceeding in the name of Wilmington Trust, National Association, then the Special Servicer shall promptly
forward a copy of same to the Trustee.

 

    	 	AA-2-5	 

    

    

 

This limited power of attorney is not intended to
extend the powers granted to the Special Servicer under the Agreement or to allow the Special Servicer to take any action with respect
to Mortgages, deeds of trust or Mortgage Notes not authorized by the Agreement.

 

The Special Servicer hereby agrees to indemnify and
hold the Trustee and its directors, officers, employees and agents harmless from and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by reason or
result of the negligent use, or negligent or willful misuse, of this Limited Power of Attorney by the Special Servicer. The foregoing
indemnity shall survive the termination of this Limited Power of Attorney and the Agreement or the earlier resignation or removal of the
Trustee under the Agreement.

 

This Limited Power of Attorney is entered into and
shall be governed by the laws of the State of New York, without regard to conflicts of law principles of such state.

 

Third parties without actual notice may rely upon
the exercise of the power granted under this Limited Power of Attorney; and may be satisfied that this Limited Power of Attorney shall
continue in full force and effect and has not been revoked unless an instrument of revocation has been made in writing by the undersigned.

 

IN WITNESS WHEREOF, Wilmington Trust, National Association,
as Trustee for Citigroup Commercial Mortgage Trust 2022-GC48 has caused its corporate seal to be hereto affixed and these presents to
be signed and acknowledged in its name and behalf by a duly elected and authorized signatory this ___________ day of ____________.

 

 

	 

	 
	Wilmington
                                            Trust, National Association, 

	 	 	as Trustee for Citigroup Commercial Mortgage Trust 2022-GC48
	 	 	 
	 

	 

	 

	 

	By:

	 

	 

	 

	         Name:

	 

	 

	         Title:

Witness:

 

____________________

 

Witness:

 

_____________________

 

 

Prepared by:

_____________________

Name:

Title:

 

    	 	AA-2-6	 

    

    

 

	Address:	Wilmington Trust, National Association

	 	1100 North Market Street

	 	Wilmington, Delaware 19890

 

 

    	 	AA-2-7	 

    

    

 

 

A notary public or other officer completing this
certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness,
accuracy, or validity of that document.

 

STATE OF DELAWARE

COUNTY OF NEW CASTLE

 

 

On _____________before me, ____________________________, a Notary Public,
personally appeared _____________________, who proved to me on the basis of satisfactory evidence to
be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed that same in
his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf
of which the person(s) acted, executed the instrument.

 

 

I certify under PENALTY OF PERJURY under the laws of the State of Delaware
that the foregoing paragraph is true and correct.

 

	WITNESS my hand and official seal.	 
	(SEAL)	 
	 	 
	 	 
	 	 
	 	Signature of Notary Public

 

 

 

    	 	AA-2-8	 

    

    

EXHIBIT BB

CLASS A-SB SCHEDULED PRINCIPAL BALANCE

 

	
    Distribution Date
	
    Balance
	 	
    Distribution Date
	
    Balance

	Jul 15, 2022	5,942,000.00	 	Jun 15, 2027	5,861,774.04
	Aug 15, 2022	5,942,000.00	 	Jul 15, 2027	5,764,959.98
	Sep 15, 2022	5,942,000.00	 	Aug 15, 2027	5,676,812.66
	Oct 15, 2022	5,942,000.00	 	Sep 15, 2027	5,588,272.25
	Nov 15, 2022	5,942,000.00	 	Oct 15, 2027	5,490,277.69
	Dec 15, 2022	5,942,000.00	 	Nov 15, 2027	5,400,905.26
	Jan 15, 2023	5,942,000.00	 	Dec 15, 2027	5,302,101.93
	Feb 15, 2023	5,942,000.00	 	Jan 15, 2028	5,211,890.14
	Mar 15, 2023	5,942,000.00	 	Feb 15, 2028	5,121,276.05
	Apr 15, 2023	5,942,000.00	 	Mar 15, 2028	5,012,273.66
	May 15, 2023	5,942,000.00	 	Apr 15, 2028	4,920,769.01
	Jun 15, 2023	5,942,000.00	 	May 15, 2028	4,819,893.04
	Jul 15, 2023	5,942,000.00	 	Jun 15, 2028	4,727,530.28
	Aug 15, 2023	5,942,000.00	 	Jul 15, 2028	4,625,820.16
	Sep 15, 2023	5,942,000.00	 	Aug 15, 2028	4,532,591.73
	Oct 15, 2023	5,942,000.00	 	Sep 15, 2028	4,438,947.53
	Nov 15, 2023	5,942,000.00	 	Oct 15, 2028	4,335,991.79
	Dec 15, 2023	5,942,000.00	 	Nov 15, 2028	4,241,470.65
	Jan 15, 2024	5,942,000.00	 	Dec 15, 2028	4,137,662.46
	Feb 15, 2024	5,942,000.00	 	Jan 15, 2029	4,042,256.65
	Mar 15, 2024	5,942,000.00	 	Feb 15, 2029	3,946,425.36
	Apr 15, 2024	5,942,000.00	 	Mar 15, 2029	3,823,697.51
	May 15, 2024	5,942,000.00	 	Apr 15, 2029	3,726,890.97
	Jun 15, 2024	5,942,000.00	 	May 15, 2029	3,620,861.23
	Jul 15, 2024	5,942,000.00	 	Jun 15, 2029	3,523,149.90
	Aug 15, 2024	5,942,000.00	 	Jul 15, 2029	3,416,240.66
	Sep 15, 2024	5,942,000.00	 	Aug 15, 2029	3,317,616.59
	Oct 15, 2024	5,942,000.00	 	Sep 15, 2029	3,218,552.67
	Nov 15, 2024	5,942,000.00	 	Oct 15, 2029	3,110,328.62
	Dec 15, 2024	5,942,000.00	 	Nov 15, 2029	3,010,340.05
	Jan 15, 2025	5,942,000.00	 	Dec 15, 2029	2,901,217.19
	Feb 15, 2025	5,942,000.00	 	Jan 15, 2030	2,800,295.83
	Mar 15, 2025	5,942,000.00	 	Feb 15, 2030	2,698,924.37
	Apr 15, 2025	5,942,000.00	 	Mar 15, 2030	2,571,170.16
	May 15, 2025	5,942,000.00	 	Apr 15, 2030	2,468,776.28
	Jun 15, 2025	5,942,000.00	 	May 15, 2030	2,357,315.31
	Jul 15, 2025	5,942,000.00	 	Jun 15, 2030	2,253,967.47
	Aug 15, 2025	5,942,000.00	 	Jul 15, 2030	2,141,579.19
	Sep 15, 2025	5,942,000.00	 	Aug 15, 2030	2,037,268.99
	Oct 15, 2025	5,942,000.00	 	Sep 15, 2030	1,932,493.57
	Nov 15, 2025	5,942,000.00	 	Oct 15, 2030	1,818,717.59
	Dec 15, 2025	5,942,000.00	 	Nov 15, 2030	1,712,967.24
	Jan 15, 2026	5,942,000.00	 	Dec 15, 2030	1,598,243.57
	Feb 15, 2026	5,942,000.00	 	Jan 15, 2031	1,491,509.71
	Mar 15, 2026	5,942,000.00	 	Feb 15, 2031	1,384,299.81
	Apr 15, 2026	5,942,000.00	 	Mar 15, 2031	1,251,248.64
	May 15, 2026	5,942,000.00	 	Apr 15, 2031	1,142,966.61
	Jun 15, 2026	5,942,000.00	 	May 15, 2031	1,025,782.01
	Jul 15, 2026	5,942,000.00	 	Jun 15, 2031	916,494.19
	Aug 15, 2026	5,942,000.00	 	Jul 15, 2031	798,331.90
	Sep 15, 2026	5,942,000.00	 	Aug 15, 2031	688,029.44
	Oct 15, 2026	5,942,000.00	 	Sep 15, 2031	577,235.00
	Nov 15, 2026	5,942,000.00	 	Oct 15, 2031	457,608.18
	Dec 15, 2026	5,942,000.00	 	Nov 15, 2031	345,785.84
	Jan 15, 2027	5,942,000.00	 	Dec 15, 2031	225,159.82
	Feb 15, 2027	5,942,000.00	 	Jan 15, 2032	112,300.53
	Mar 15, 2027	5,942,000.00	 	Feb 15, 2032 and thereafter	0.00
	Apr 15, 2027	5,942,000.00	 	 	 
	May 15, 2027	5,942,000.00	 	 	 
	 	 	 	 	 

    	 	BB-1	 

    

    

EXHIBIT CC-1

 

FORM OF TRANSFEROR CERTIFICATE

FOR TRANSFER OF THE EXCESS SERVICING FEE RIGHTS

[Date]

 

	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

     

	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com
	 	 
	 	 	 	 

 

	 	Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage
  Pass-Through Certificates, Series 2022-GC48

Ladies and Gentlemen:

This letter is delivered to you
in connection with the transfer by _________________ (the “Transferor”) to _________________ (the “Transferee”)
of the Excess Servicing Fee Right (as defined below) established under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the
“Pooling and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto
Capital Advisors, LLC, solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender
Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate
Administrator, and Wilmington Trust, National Association, as Trustee. All capitalized terms used but not otherwise defined herein shall
have the respective meanings set forth in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents and warrants
to you, as Depositor, that:

 

    	 	CC-1-1	 

    

    

1.       The
Transferor is the lawful owner of the right to receive the Excess Servicing Fees (the “Excess Servicing Fee Right”),
with the full right to transfer the Excess Servicing Fee Right free from any and all claims and encumbrances whatsoever.

2.       Neither
the Transferor nor anyone acting on its behalf has (a) offered, transferred, pledged, sold or otherwise disposed of the Excess Servicing
Fee Right, any interest in the Excess Servicing Fee Right or any other similar security to any Person in any manner, (b) solicited any
offer to buy or accept a transfer, pledge or other disposition of the Excess Servicing Fee Right, any interest in the Excess Servicing
Fee Right or any other similar security from any Person in any manner, (c) otherwise approached or negotiated with respect to the Excess
Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security with any Person in any manner, (d)
made any general solicitation with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other
similar security by means of general advertising or in any other manner, or (e) taken any other action, which (in the case of any of
the acts described in clauses (a) through (e) hereof) would constitute a distribution of the Excess Servicing Fee Right under the Securities
Act of 1933, as amended (the “Securities Act”), or would render the disposition of the Excess Servicing Fee Right
a violation of Section 5 of the Securities Act or any state securities laws, or would require registration or qualification of the Excess
Servicing Fee Right pursuant to the Securities Act or any state securities laws.

	 	 	 
	 	 	 
	 	Very truly yours,
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	CC-1-2	 

    

    

EXHIBIT CC-2

FORM OF TRANSFEREE CERTIFICATE

FOR TRANSFER OF THE EXCESS SERVICING FEE RIGHTS

[Date]

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

    as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division Head

    Email: NoticeAdmin@midlandls.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Telecopy number: (347) 394-0898

    E-mail: raul.d.orozco@citi.com

     

	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Telecopy number: (646) 328-2943

    E-mail: richard.simpson@citi.com

     
	 	
    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Telecopy number: (646) 862-8988

    E-mail: ryan.m.oconnor@citi.com

	 	 	 	 

 

	 	Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage
  Pass-Through Certificates, Series 2022-GC48

Ladies and Gentlemen:

This letter is delivered
to you in connection with the transfer by _________________ (the “Transferor”) to _________________ (the “Transferee”)
of the Excess Servicing Fee Right established under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling
and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division
of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors,
LLC, solely with respect to Yorkshire & Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating
Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee. All capitalized terms used but not otherwise defined herein shall have the respective meanings
set forth in the Pooling and Servicing Agreement. The Transferee hereby certifies, represents and warrants to you, as the Depositor and
the Master Servicer, that:

    	 	CC-2-1	 

    

    

1.       The
Transferee is acquiring the right to receive Excess Servicing Fees (the “Excess Servicing Fee Right”) for its own account
for investment and not with a view to or for sale or transfer in connection with any distribution thereof, in whole or in part, in any
manner which would violate the Securities Act of 1933, as amended (the “Securities Act”), or any applicable state securities
laws.

2.       The
Transferee understands that (a) the Excess Servicing Fee Right has not been and will not be registered under the Securities Act or registered
or qualified under any applicable state securities laws, (b) none of the Depositor, the Trustee, Certificate Administrator or the Certificate
Registrar is obligated so to register or qualify the Excess Servicing Fee Right, and (c) the Excess Servicing Fee Right may not be resold
or transferred unless it is (i) registered pursuant to the Securities Act and registered or qualified pursuant to any applicable state
securities laws or (ii) sold or transferred in transactions which are exempt from such registration and qualification and (A) the Depositor
has received a certificate from the prospective transferor substantially in the form attached as Exhibit CC-1 to the Pooling and Servicing
Agreement, and (B) each of Midland Loan Services, a Division of PNC Bank, National Association and the Depositor has received a certificate
from the prospective transferee substantially in the form attached as Exhibit CC-2 to the Pooling and Servicing Agreement.

3.       The
Transferee understands that it may not sell or otherwise transfer the Excess Servicing Fee Right or any interest therein except in compliance
with the provisions of Section 3.12 of the Pooling and Servicing Agreement, which provisions it has carefully reviewed.

4.       Neither
the Transferee nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred the Excess Servicing
Fee Right, any interest in the Excess Servicing Fee Right or any other similar security to any Person in any manner, (b) solicited any
offer to buy or accept a pledge, disposition or other transfer of the Excess Servicing Fee Right, any interest in the Excess Servicing
Fee Right or any other similar security from any Person in any manner, (c) otherwise approached or negotiated with respect to the Excess
Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security with any Person in any manner, (d) made
any general solicitation with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar
security by means of general advertising or in any other manner, or (e) taken any other action with respect to the Excess Servicing Fee
Right, any interest in the Excess Servicing Fee Right or any other similar security, which (in the case of any of the acts described in
clauses (a) through (e) above) would constitute a distribution of the Excess Servicing Fee Right under the Securities Act, would render
the disposition of the Excess Servicing Fee Right a violation of Section 5 of the Securities Act or any state securities law or would
require registration or qualification of the Excess Servicing Fee Right pursuant thereto. The Transferee will not act, nor has it authorized
or will it authorize any Person to act, in any manner set forth in the foregoing sentence with respect to the Excess Servicing Fee Right,
any interest in the Excess Servicing Fee Right or any other similar security.

5.       The
Transferee has been furnished with all information regarding (a) the Depositor, (b) the Excess Servicing Fee Right and any payments thereon,
(c) the Pooling and Servicing Agreement and the Trust Fund created pursuant thereto, (d) the nature, performance and servicing of the
Mortgage Loans, and (e) all related matters that it has requested.

    	 	CC-2-2	 

    

    

6.       The
Transferee is (a) a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act or (b) an “accredited
investor” as defined in any of paragraphs (1), (2), (3) and (7) of Rule 501(a) under the Securities Act or an entity in which all
of the equity owners come within such paragraphs. The Transferee has such knowledge and experience in financial and business matters as
to be capable of evaluating the merits and risks of an investment in the Excess Servicing Fee Right; the Transferee has sought such accounting,
legal and tax advice as it has considered necessary to make an informed investment decision; and the Transferee is able to bear the economic
risks of such investment and can afford a complete loss of such investment.

7.       The
Transferee agrees (i) to keep all information relating to the Trust, the Trust Fund and the parties to the Pooling and Servicing Agreement,
and made available to it, confidential, (ii) not to use or disclose such information in any manner which could result in a violation of
any provision of the Securities Act or would require registration of the Excess Servicing Fee Right or any Certificate pursuant to the
Securities Act, and (iii) not to disclose such information, and to cause its officers, directors, partners, employees, agents or representatives
(collectively, “Representatives”) not to disclose such information, in any manner whatsoever, in whole or in part,
to any other Person other than the Transferee’s auditors, legal counsel and regulators, except to the extent such disclosure is
required by law, court order or other legal requirement or to the extent such information is of public knowledge at the time of disclosure
by such Person or has become generally available to the public other than as a result of disclosure by such Person; provided, however,
that the Transferee or any of its Representatives may provide all or any part of such information to any other Person who is contemplating
an acquisition of the Excess Servicing Fee Right if, and only if, such other Person (x) confirms in writing such prospective acquisition
and (y) agrees in writing to keep such information confidential, not to use or disclose such information in any manner which could result
in a violation of any provision of the Securities Act or would require registration of the Excess Servicing Fee Right or any Certificates
pursuant to the Securities Act and not to disclose such information, and to cause its officers, directors, partners, employees, agents
or representatives not to disclose such information, in any manner whatsoever, in whole or in part, to any other Person other than such
other Person’s auditors, legal counsel and regulators.

8.       The
Transferee acknowledges that the holder of the Excess Servicing Fee Right shall not have any rights under the Pooling and Servicing Agreement
except as set forth in Section 3.12 of the Pooling and Servicing Agreement, and that the Excess Servicing Fee Rate may be reduced to
the extent provided in the Pooling and Servicing Agreement.

	 	Very truly yours,
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	CC-2-3	 

    

    

EXHIBIT DD

FORM OF NOTICE AND CERTIFICATION REGARDING
DEFEASANCE OF MORTGAGE LOAN

		To:	Moody’s Investors Service, Inc.

7 World Trade Center

New York, New York 10007

Attention: Commercial
Mortgage Surveillance Group

Email: CMBSSurveillance@Moodys.com

Kroll Bond Rating Agency,
LLC

845 Third Avenue, 4th Floor

New York, New York 10022

Attention: CMBS Surveillance

E-mail: cmbssurveillance@kbra.com

Fitch Ratings, Inc.

300 West 57th Street

New York, New York 10019

Attention: Commercial Mortgage Surveillance Group

Fax number: (646) 280-1013

E-mail: Info.cmbs@fitchratings.com

DBRS, Inc.

22 West Washington Street

Chicago, Illinois 60602

Attention: CMBS Surveillance

Email: CMBS.surveillance@morningstar.com

		From:	Midland Loan Services, a Division of PNC Bank, National Association, in its capacity as Master Servicer (the
“Master Servicer”) under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing
Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, the Master Servicer, Greystone Servicing Company
LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a
Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company,
National Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee.

		Date:	____________, 20___

		Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48
[Mortgage Loan][Trust Subordinate Companion Loan] (the “Subject Mortgage Loan”) heretofore secured by real property
known as ____________ [Include the following, with appropriate modification, if there is pari passu or AB debt: as evidenced by that certain
Promissory Note [A-[_]][A] in the amount

 

    	 	DD-1	 

    

    

of $____________, which Promissory Note
[A-[_]][A] is owned by the Trust, and Promissory Note [___] in the amount of $_____________, which Promissory Note [___] is owned by ________________.]

Capitalized terms used
but not defined herein have the meanings assigned to such terms in the Pooling and Servicing Agreement.

THE STATEMENTS SET FORTH
BELOW ARE MADE (A) TO THE BEST KNOWLEDGE OF THE UNDERSIGNED BASED UPON DUE DILIGENCE CONSISTENT WITH THE SERVICING STANDARD SPECIFIED
IN THE POOLING AND SERVICING AGREEMENT (THE “SERVICING STANDARD”), AND (B) WITHOUT INTENDING TO WARRANT THE ACCURACY
THEREOF OR UNDERTAKE ANY DUTY OR STANDARD OF CARE GREATER THAN THE DUTIES OF SERVICER UNDER THE POOLING AND SERVICING AGREEMENT AND THE
SERVICING STANDARD.

We hereby notify you and
confirm that each of the following is true, subject to those exceptions, if any, set forth on Exhibit A hereto, which exceptions the Master
Servicer has determined, consistent with the Servicing Standard, will have no material adverse effect on the Subject Mortgage Loan or
the defeasance transaction:

1.                 
The Mortgagor has consummated a defeasance of the Subject Mortgage Loan of the type checked below:**

____ a full defeasance
of the entire outstanding principal balance ($____________) of the Subject Mortgage Loan; or

____ a partial defeasance
of a portion ($____________) of the Subject Mortgage Loan that represents ___% of the entire principal balance of the Subject Mortgage
Loan ($____________).

2.                 
The defeasance was consummated on ____________, 20__.

3.                  The
defeasance was completed in all material respects in accordance with the conditions for defeasance specified in the Loan Documents and
in accordance with the Servicing Standard.

[Include the following if there
is pari passu or AB debt:

4.                 
In accordance with the Loan Documents, the defeasance occurred such that:

____ Promissory Notes
[A-[__]][A] and [___] were defeased simultaneously in their entirety; or

____ Promissory Note
[___] was paid off in full.]

    	 	DD-2	 

    

    

5.                 
 To the knowledge of the Master Servicer any other debt related to the Subject Mortgage Loan (including mezzanine debt, senior
secured debt, pari passu debt or subordinate secured debt was either paid off in full or defeased. Such debt consists of the following:
[Describe debt and holder of the debt and if it was paid off or defeased].

6.                 
The defeasance collateral consists only of one or more of the following: (i) direct debt obligations of the U.S. Treasury, (ii)
direct debt obligations of the Federal National Mortgage Association, (iii) direct debt obligations of the Federal Home Loan Mortgage
Corporation, (iv) interest-only direct debt obligations of the Resolution Funding Corporation, (v) consolidated debt obligations of the
Federal Home Loan Bank or (vi) securities covered by the Federal Deposit Insurance Corporation’s (the “FDIC”)
Temporary Liquidity Guarantee Program (“TLGP”). Based upon a written report from an independent certified accountant,
such defeasance collateral consists of securities that (i) if they include a principal obligation, the principal due at maturity cannot
vary or change, (ii) provide for interest at a fixed rate and (iii) are not callable prior to their respective maturity dates. In addition,
if the defeasance collateral contains any TLGP securities, then:

		·	Such
                                            securities are eligible under TLGP; 

		·	The
                                            master servicer (and the trustee, if it serves as the back-up advancing agent for the transaction)
                                            has waived its right to (i) collect interest on advances made on behalf of the borrower holding
                                            TLGP securities, and (ii) collect for expenses incurred in making demand on the FDIC;

		·	If
                                            the TLGP debt is to be used to satisfy a balloon payment, a reserve conforming to the criteria
                                            for eligible accounts was funded with a minimum of 90 days interest on the defeasance collateral
                                            to cover potential delays in receipt of the balloon payment; 

		·	The
                                            TLGP securities mature before June 30, 2012; and

		·	The
                                            master servicer’s error and omissions insurance policy covers losses to the CMBS trust
                                            caused by the master servicer’s failure to make timely demand on the FDIC’s guarantee.

7.                 
After the defeasance, the defeasance collateral will be owned by an entity (the “Defeasance Obligor”) that:
(i) is the original Mortgagor, (ii) is a Single-Purpose Entity (as described in S&P’s criteria), (iii) is subject to restrictions
in its organizational documents substantially similar to those contained in the organizational documents of the original Mortgagor with
respect to bankruptcy remoteness and single purpose, (iv) has been designated as the Defeasance Obligor by the originator of the Subject
Mortgage Loan pursuant to the terms of the Loan Documents, or (v) has previously received confirmation from Standard & Poor’s
that the organizational documents of such Defeasance Obligor conform with applicable Standard & Poor’s criteria. The Defeasance
Obligor owns no assets other than defeasance collateral and (only in the case of the original Mortgagor) real property securing one or
more Mortgage Loans included in the pool under the Pooling and Servicing Agreement (the “Pool”).

    	 	DD-3	 

    

    

8.                 
 If such Defeasance Obligor (together with its affiliates) holds more than one defeased loan, it does not (together with its affiliates)
hold defeased loans aggregating more than $35 Million or more than five percent (5%) of the aggregate certificate balance of the Certificates,
as of the date of the most recent Certificate Administrator’s Distribution Date Statement received by the Master Servicer (the “Current
Report”), except to the extent the Defeasance Obligor is of the type specified in paragraph 7(v) above or the original Loan
Documents do not limit the amount of defeased loans that it may hold.

9.                 
The defeasance documents require that the defeasance collateral be credited to an eligible account (as defined in S&P’s
criteria) that must be maintained as a securities account by a securities intermediary that is at all times an Eligible Institution (as
defined in S&P’s criteria). The securities intermediary may reinvest proceeds of the defeasance collateral only in Permitted
Investments (as defined in the Pooling and Servicing Agreement or as defined in the documents evidencing defeasance).

10.             
The securities intermediary is obligated to pay from the proceeds of the defeasance collateral, directly to the Master Servicer’s
collection account, all scheduled payments on the Subject Mortgage Loan or, in a partial defeasance, the portion of such scheduled payments
attributed to the allocated loan amount for the real property defeased including any defeasance premiums set forth in the loan documents
(the “Scheduled Payments”).

11.             
The Master Servicer received written confirmation from an independent certified public accountant stating that (i) revenues from
the defeasance collateral (without taking into account any earnings on reinvestment of such revenues) will be sufficient to timely pay
each of the Monthly Payments including the payment in full of the Subject Mortgage Loan (or the allocated portion thereof in connection
with a partial defeasance) on its Maturity Date (or, in the case of an ARD Loan, on its Anticipated Repayment Date), (ii) except as otherwise
disclosed in the written report from an independent certified public accountant, [and disclosed below,] the revenues received in any month
from the defeasance collateral will be applied to make Monthly Payments within four (4) months after the date of receipt, (iii) the defeasance
collateral is not callable prior to their respective maturity dates, and (iv) interest income from the defeasance collateral to the Defeasance
Obligor in any tax year will not exceed such Defeasance Obligor’s interest expense for the Subject Mortgage Loan (or the allocated
portion thereof in a partial defeasance) for such year, other than in the year in which the Maturity Date or Anticipated Repayment Date
will occur, when interest income will exceed interest expense.

12.             
The Master Servicer received opinions of counsel that, subject to customary qualifications, (i) the defeasance will not cause any
Trust REMIC to fail to qualify as a REMIC for purpose of the Code, (ii) the agreements executed by the Mortgagor and the Defeasance Obligor
in connection with the defeasance are enforceable against them in accordance with their terms, [and] (iii) the Trustee will have a perfected,
first priority security interest in the defeasance collateral.

13.             
The agreements executed in connection with the defeasance (i) prohibit subordinate liens against the defeasance collateral, (ii)
provide for payment from sources other than the defeasance collateral of all fees and expenses of the securities intermediary for administering
the defeasance and the securities account and all fees and expenses of maintaining

    	 	DD-4	 

    

    

the existence of the Defeasance Obligor, (iii)
permit release of surplus defeasance collateral and earnings on reinvestment to the Defeasance Obligor only after the Subject Mortgage
Loan has been paid in full, (iv) include representations and/or covenants of the Mortgagor and/or securities intermediary substantially
as set forth on Exhibit B hereto, (v) provide for survival of such representations; and (vi) do not permit waiver of such representations
and covenants.

14.             
At the time of the defeasance of the Subject Mortgage Loan, the Subject Mortgage Loan is (x) not one of the ten largest Mortgage
Loans by Stated Principal Balance, (y) a Mortgage Loan with a Stated Principal Balance equal to or less than $35,000,000 and (z) a
Mortgage Loan that represents less than 5% of the Stated Principal Balance of all Mortgage Loans.

15.             
Copies of all material agreements, instruments, organizational documents, opinions of counsel, accountant’s report and other
items delivered in connection with the defeasance will be provided to you upon request.

16.             
The individual executing this notice is an authorized officer or a servicing officer of the Master Servicer.

 

IN WITNESS WHEREOF, the
Master Servicer has caused this notice to be executed as of the date captioned above.

	 	 
	 	[MASTER SERVICER]
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

 

    	 	DD-5	 

    

    

 

EXHIBIT
A

Exceptions

 

 

 

    	 	DD-6	 

    

    

 

EXHIBIT B

Sample Perfected Security
Interest Representations

General:

1.                 
[The defeasance agreements] create a valid and continuing security interest (as defined in the applicable UCC) in the [Collateral,
Securities Account and Deposit Account] in favor of the [Secured Party], which security interest is prior to all other [Liens], and is
enforceable as such as against creditors of and purchasers from [Debtor].

Note that “Collateral”
means securities, permitted investments and other assets credited to securities accounts.

1.                 
The [Deposit Account] constitutes a “deposit account” within the meaning of the applicable UCC.

2.                 
All of the [Collateral] has been and will have been credited to a [Securities Account]. The securities intermediary for the [Securities
Account] has agreed to treat all assets credited to the [Securities Account] as “financial assets” within the meaning of the
UCC.

Creation:

1.                 
The Defeasance Account Agreement provides that the Pledgee shall have “control” (as defined in the applicable UCC).

2.                 
[Debtor] has received all consents and approvals required by the terms of the [Collateral] to the transfer to the [Secured Party]
of its interest and rights in the [Collateral] hereunder.

Perfection:

1.                 
[Debtor] has caused or will have caused, within ten (10) days, the filing of all appropriate financing statements in the proper
filing office in the appropriate jurisdictions under applicable law in order to perfect the security interest granted in the [Collateral,
Securities Account and Deposit Account] to the [Secured Party] hereunder.

2.                 
[Debtor] has delivered to[Secured Party] a fully executed agreement pursuant to which the securities intermediary or the account
bank has agreed to comply with all instructions originated by the [Secured Party] relating to the [Securities Account] or directing disposition
of the funds in the [Deposit Account] without further consent by the [Debtor].

3.                 
[Debtor] has taken all steps necessary to cause the securities intermediary to identify in its records the [Secured Party] as the
person having a security entitlement against the securities intermediary in the [Securities Account].

4.                 
To the extent a Deposit Account exists, [Debtor] has taken all steps necessary to cause [Secured Party] to become the account holder
of the [Deposit Account].

 

    	 	DD-7	 

    

    

Priority:

1.                 
Other than the security interest granted to the [Secured Party] pursuant to this Agreement, [Debtor] has not pledged, assigned,
sold, granted a security interest in, or otherwise conveyed any of the [Collateral, Securities Account and Deposit Account]. [Debtor]
has not authorized the filing of and is not aware of any financing statements against [Debtor] that include a description of collateral
covering the [Collateral, Securities Account and Deposit Account] other than any financing statement relating to the security interest
granted to the [Secured Party] hereunder or that has been terminated. Debtor is not aware of any judgment or tax lien filings against
[Debtor].

2.                 
The [Securities Account and Deposit Account] are not in the name of any person other than the [Debtor] or the [Secured Party].
The [Debtor] has not consented to the securities intermediary of any [Securities Account] or the account bank of any [Deposit Account]
to comply with entitlement orders or instructions of any person other than the [Secured Party].

 

 

    	 	DD-8	 

    

    

EXHIBIT EE

[RESERVED]

 

 

    	 

    

    

EXHIBIT FF-1

 

FORM OF NOTICE REGARDING OUTSIDE 

SERVICED MORTGAGE LOAN

(Stockton Self Storage Portfolio)

[TO BE SENT UPON THE RELATED SERVICING SHIFT DATE]

[Date]

	
    Midland Loan Services, a Division of PNC 

Bank, National Association

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Fax Number: (888) 706-3565

     

    with a copy to:

     

    Stinson LLP

    1201 Walnut Street

    Suite 2900

    Kansas City, Missouri 64106 2150

    Attention: Kenda K. Tomes 

    Email: kenda.tomes@stinson.com

    Fax Number: (816)-412-9338

     
	
    LNR Partners, LLC

    2340 Collins Avenue, Suite 700

    Miami Beach, Florida 33139

    Attention: Heather Bennett and Job Warshaw

    Facsimile number: (305) 695-5601

    With a copy by email to: 

hbennett@starwood.com, 

jwarshaw@lnrpartners.com
    and 

lnr.cmbs.notices@lnrproperty.com

     

    Computershare Trust Company, National 

Association

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – 

BBCMS 2022-C16

     

    With a copy by email to: trustadministrationgroup@wellsfargo.com 

and cts.cmbs.bond.admin@wellsfargo.com

     

	
    Wilmington Trust, National Association

1100 North Market Street

Wilmington, Delaware 19890

Attention: CMBS Trustee - BBCMS 2022-C16

    with a copy to: 

Email: CMBSTrustee@wilmingtontrust.com
	
    Computershare Trust Company, National 

Association

    1055 10th Avenue SE

    Minneapolis, Minnesota 55414

    Attention: Document Custody Services Group 

– BBCMS 2022-C16

    E-mail: cmbscustody@wellsfargo.com

	
     

    Park Bridge Lender Services LLC

    600 Third Avenue, 40th Floor

    New York, New York 10016

    Attention: BBCMS 2022-C16 Surveillance Manager

    with a copy sent contemporaneously via email to cmbs.notices@parkbridgefinancial.com
	 

    	 	FF-1-1	 

    

    

		Re:	BBCMS Mortgage Trust 2022-C16, Commercial
                                            Mortgage Pass-Through Certificates, Series 2022-C16

Ladies and Gentlemen:

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “BBCMS 2022-C16 PSA”), between Barclays Commercial
Mortgage Securities LLC, as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, LNR Partners,
LLC, as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington Trust, National
Association, as Trustee, and Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized
terms used but not defined herein shall have the meanings given to them in the BBCMS 2022-C16 PSA.

The undersigned is the certificate
administrator under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “GC48 PSA”), between Citigroup
Commercial Mortgage Securities Inc., as depositor (the “GC48 Depositor”), Midland Loan Services, a Division of PNC
Bank, National Association, as master servicer (in such capacity, the “GC48 Master Servicer”), Greystone Servicing
Company LLC, as a special servicer (in such capacity, the “GC48 Special Servicer”), Rialto Capital Advisors, LLC, solely
with respect to the Yorkshire & Lexington Towers Whole Loan, as a special servicer (in such capacity, the “GC48 Y&L Special
Servicer”), Park Bridge Lender Services LLC, as operating advisor (in such capacity, the “GC48 Operating Advisor”)
and asset representations reviewer (in such capacity, the “GC48 Asset Representations Reviewer”), Computershare Trust
Company, National Association, as certificate administrator (in such capacity, the “GC48 Certificate Administrator”),
and Wilmington Trust, National Association, as trustee (in such capacity, the “GC48 Trustee”), pursuant to which the
Citigroup Commercial Mortgage Trust 2022-GC48 (the “GC48 Trust”) was established and a pool of commercial and multifamily
mortgage loans were transferred to the GC48 Trust as of June 21, 2022 (the “Closing Date”), including the following
Serviced Companion Loan (the “Subject Serviced Companion Loan”):

	Name
    of Mortgage Loan as identified on Mortgage Loan Schedule	Promissory
    Note Evidencing Subject Serviced Companion Loan
	Stockton
    Self Storage Portfolio	Note
    A-2

The undersigned hereby
notifies you that, as of the Closing Date:

1.       Wilmington
Trust, National Association, as trustee under the GC48 PSA, is the holder of the Subject Serviced Companion Loan. You are directed to
remit to Midland Loan Services, a Division of PNC Bank, National Association, as master servicer under the GC48 PSA, all amounts payable
to, and to forward, deliver or otherwise make available, as the case may be, to Midland Loan Services, a Division of PNC Bank, National
Association, as master servicer under the GC48 PSA, all reports, statements, documents, communications and other information that are
to be forwarded, delivered or otherwise made available to the Serviced Companion Noteholder with respect to the Subject Serviced Companion
Loan under the BBCMS

 

    	 	FF-1-2	 

    

    

2022-C16 PSA and the related Intercreditor
Agreement, respectively. The wire instructions for Midland Loan Services, a Division of PNC Bank, National Association, as GC48 Master
Servicer, are as follows:

 

[INSERT WIRE INSTRUCTIONS PROVIDED BY MIDLAND LOAN SERVICES,
A DIVISION OF PNC BANK, NATIONAL ASSOCIATION]

 

2.       The
contact information for the GC48 Trustee, the GC48 Certificate Administrator, the GC48 Master Servicer, the GC48 Special Servicer, the
GC48 Y&L Special Servicer, the GC48 Operating Advisor, the GC48 Asset Representations Reviewer and the GC48 Depositor with respect
to the Subject Serviced Companion Loans is as follow:

 

	GC48
    Trustee:	Wilmington Trust, National Association

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT
    2022-GC48

    Fax number: (302) 636-4140

    Email: cmbstrustee@wilmingtontrust.com

	GC48
    Certificate Administrator:	Computershare Trust
    Company, National Association

    9062 Old Annapolis
    Road

    Columbia, Maryland
    21045

    Attention: Corporate
    Trust Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

	GC48
    Master Servicer	Midland
    Loan Services, a Division of PNC Bank, National Association,

    10851
    Mastin Street, Suite 700

    Overland
    Park, Kansas 66210

    Attention:
    Executive Vice President – Division Head

    Fax
    number: 1-888-706-3565

     

    with
    a copy to:

     

    Stinson
    LLP

    1201
    Walnut Street, Suite 2900

    Kansas
    City, Missouri 64106-2150

    Attention:
    Kenda K. Tomes

    Fax
    number: (816) 412-9338

    	 	FF-1-3	 

    

    

 

		and
                                            with respect to e-mail pursuant to pursuant to Section 12.06 and Section 12.13 of the
                                            GC48 PSA, at NoticeAdmin@midlandls.com

	GC48
    Special Servicer:	Greystone
                                            Servicing Company LLC

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

     

    with a copy to:

     

    Jenna Unell, Senior Managing Director,

    email: jenna.unell@greyco.com

	GC48
    Y&L Special Servicer:	Rialto
                                            Capital Advisors, LLC

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

     

    Rialto Capital Advisors, LLC

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah
    and Adam Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com,
    adam.singer@rialtocapital.com, and jeff.krasnoff@rialtocapital.com

	GC48
    Operating Advisor and GC48 Asset Representations Reviewer:	Park
                                            Bridge Lender Services LLC

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance
    Manager

    with a copy sent contemporaneously via
    email to: cmbs.notices@parkbridgefinancial.com

	GC48
    Depositor	Citigroup Commercial Mortgage Securities
    Inc.

    388 Greenwich Street, 6th Floor

    	 	FF-1-4	 

    

    

 

		
    New York, New York 10013

    Attention: Richard Simpson

    Fax number: (646) 328-2943

     

    with a copy to:

     

    Citigroup Commercial Mortgage Securities Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Fax number: (347) 394-0898

     

    with a copy to:

     

    Citigroup Commercial Mortgage Securities Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Fax number: (646) 862-8988

     

    with electronic copies e-mailed to:

     

    Richard Simpson at richard.simpson@citi.com 

and

    Ryan M. O’Connor at ryan.m.oconnor@citi.com

 

3.       The
GC48 Trust is subject to the reporting requirements of the Securities Exchange Act of 1934, as amended.

 

4.       Enclosed
herewith is a copy of an executed version of the GC48 PSA.

 

		5.	As of the date hereof, the Controlling Class Representative (as defined in the GC48 PSA) under the GC48 PSA
is LD III Sub IX, LLC.

	 	 
	 	Very truly yours,
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

    	 	FF-1-5	 

    

    

EXHIBIT FF-2

 

FORM OF NOTICE REGARDING OUTSIDE 

SERVICED MORTGAGE LOAN

(2550 M Street, Bell Works and ExchangeRight Net
Leased Portfolio #55)

[Date]

 

	
    KeyBank National Association

    11501 Outlook Street, Suite 300

    Overland Park, Kansas 66211

    Attention: Michael Tilden

    (877) 379-1625

    Email: Michael_a_tilden@keybank.com

     

    with a copy to:

     

    Polsinelli

    900 West 48th Place, Suite 900

    Kansas City, Missouri 64112

    Attn: Kraig Kohring

    Fax Number: (816) 753-1536

     

    Email: kkohring@polsinelli.com

     
	
    KeyBank National Association

    11501 Outlook Street, Suite 300

    Overland Park, Kansas 66211

    Attention: Alan Williams

    (877) 379-1625

    Email: keybank_notices@keybank.com

     

    with a copy to:

     

    Polsinelli

    900 West 48th Place, Suite 900

    Kansas City, Missouri 64112

    Attn: Kraig Kohring

    Fax Number: (816) 753-1536

    Email: kkohring@polsinelli.com

	
    Wilmington Trust, National Association

1100 North Market Street

Wilmington, Delaware 19890

Attention: CMBS Trustee Benchmark 2022-

B35

Fax number: (302) 636-4140

Email: cmbstrustee@wilmingtontrust.com

Computershare Trust Company, National 

Association

as certificate administrator

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – 

Benchmark 2022-B35

with a copy to:

cts.cmbs.bond.admin@wellsfargo.com

trustadministrationgroup@wellsfargo.com and

	
    Computershare Trust Company, National Association

    as custodian

    1055 10th Avenue SE

    Minneapolis, Minnesota 55414

    Attention: Document Custody Group – Benchmark 2022-B35

    with a copy to:

    cmbscustody@wellsfargo.com

     

Park Bridge Lender Services LLC

600 Third Avenue, 40th Floor

New York, New York 10016

Attention: Benchmark 2022-B35— 

Surveillance Manager

with copies sent contemporaneously via email to cmbs.notices@parkbridgefinancial.com

    	 	FF-2-1	 

    

    

 

	
    trustadministrationgroup@wellsfargo.com
	
    

		Re:	Benchmark 2022-B35 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-B35

Ladies and Gentlemen:

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of May 1, 2022 (the “BMARK 2022-B35 PSA”), among Citigroup Commercial
Mortgage Securities Inc., as depositor, KeyBank National Association, as servicer, KeyBank National Association, as special servicer,
Wilmington Trust, National Association, as trustee, Computershare Trust Company, National Association, as certificate administrator, Wilmington
Trust, National Association, as trustee, and Park Bridge Lender Services LLC, as operating advisor. Capitalized terms used but not defined
herein shall have the meanings given to them in the BMARK 2022-B35 PSA.

The undersigned is the certificate
administrator under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “GC48 PSA”), between Citigroup
Commercial Mortgage Securities Inc., as depositor (the “GC48 Depositor”), Midland Loan Services, a Division of PNC
Bank, National Association, as master servicer (in such capacity, the “GC48 Master Servicer”), Greystone Servicing
Company LLC, as a special servicer (in such capacity, the “GC48 Special Servicer”), Rialto Capital Advisors, LLC, solely
with respect to the Yorkshire & Lexington Towers Whole Loan, as a special servicer (in such capacity, the “GC48 Y&L Special
Servicer”), Park Bridge Lender Services LLC, as operating advisor (in such capacity, the “GC48 Operating Advisor”)
and asset representations reviewer (in such capacity, the “GC48 Asset Representations Reviewer”), Computershare Trust
Company, National Association, as certificate administrator (in such capacity, the “GC48 Certificate Administrator”),
and Wilmington Trust, National Association, as trustee (in such capacity, the “GC48 Trustee”), pursuant to which the
Citigroup Commercial Mortgage Trust 2022-GC48 (the “GC48 Trust”) was established and a pool of commercial and multifamily
mortgage loans were transferred to the GC48 Trust as of June 21, 2022 (the “Closing Date”), including the following
Serviced Companion Loans (the “Subject Serviced Companion Loans”):

	Name
    of Mortgage Loan as identified on Mortgage Loan Schedule	Promissory
    Note(s) Evidencing Subject Serviced Companion Loan
	2550
    M Street	Note
    A-2
	Bell
    Works	Note
    A-2-1 and Note A-4
	ExchangeRight
    Net Leased Portfolio #55	Note
    A-1-B

The undersigned hereby
notifies you that, as of the Closing Date:

1.       Wilmington
Trust, National Association, as trustee under the GC48 PSA, is the holder of the Subject Serviced Companion Loans. You are directed to
remit to Midland Loan Services, a Division of PNC Bank, National Association, as master servicer under the GC48

    	 	FF-2-2	 

    

    

PSA, all amounts payable to, and to forward,
deliver or otherwise make available, as the case may be, to Midland Loan Services, a Division of PNC Bank, National Association, as master
servicer under the GC48 PSA, all reports, statements, documents, communications and other information that are to be forwarded, delivered
or otherwise made available to the Serviced Companion Loan Holders with respect to the Subject Serviced Companion Loans under the BMARK
2022-B35 PSA and the related Co-Lender Agreements, respectively. The wire instructions for Midland Loan Services, a Division of PNC Bank,
National Association, as GC48 Master Servicer, are as follows:

 

[INSERT WIRE INSTRUCTIONS PROVIDED BY MIDLAND LOAN SERVICES,
A DIVISION OF PNC BANK, NATIONAL ASSOCIATION]

2.       The
contact information for the GC48 Trustee, the GC48 Certificate Administrator, the GC48 Master Servicer, the GC48 Special Servicer, the
GC48 Y&L Special Servicer, the GC48 Operating Advisor, the GC48 Asset Representations Reviewer and the GC48 Depositor with respect
to the Subject Serviced Companion Loans is as follows:

 

	GC48
    Trustee:	Wilmington Trust, National Association

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT
    2022-GC48

    Fax number: (302) 636-4140

    Email: cmbstrustee@wilmingtontrust.com

	GC48
    Certificate Administrator:	Computershare Trust
    Company, National Association

    9062 Old Annapolis
    Road

    Columbia, Maryland
    21045

    Attention: Corporate
    Trust Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

	GC48
    Master Servicer	Midland
    Loan Services, a Division of PNC Bank, National Association,

    10851
    Mastin Street, Suite 700

    Overland
    Park, Kansas 66210

    Attention:
    Executive Vice President – Division Head

    Fax
    number: 1-888-706-3565

     

    with
    a copy to:

     

    Stinson
    LLP

    1201
    Walnut Street, Suite 2900

    	 	FF-2-3	 

    

    

 

		Kansas
    City, Missouri 64106-2150

    Attention:
    Kenda K. Tomes

    Fax
    number: (816) 412-9338

     

    and with respect to e-mail pursuant
    to pursuant to Section 12.06 and Section 12.13 of the GC48 PSA, at NoticeAdmin@midlandls.com

	GC48
    Special Servicer:	Greystone Servicing Company LLC

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

     

    with a copy to:

     

    Jenna Unell, Senior Managing Director,

    email: jenna.unell@greyco.com

	GC48
    Y&L Special Servicer:	Rialto Capital Advisors, LLC

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

     

    Rialto Capital Advisors, LLC

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah
    and Adam Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com,
    adam.singer@rialtocapital.com, and jeff.krasnoff@rialtocapital.com

	GC48
    Operating Advisor and GC48 Asset Representations Reviewer:	Park Bridge Lender Services LLC

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance
    

Manager

    with a copy sent contemporaneously via
email to:

    	 	FF-2-4	 

    

    

 

		
    cmbs.notices@parkbridgefinancial.com

	GC48
    Depositor	Citigroup Commercial Mortgage Securities
    Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Fax number: (646) 328-2943

     

    with a copy to:

     

    Citigroup Commercial Mortgage Securities
    Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Fax number: (347) 394-0898

     

    with a copy to:

     

    Citigroup Commercial Mortgage Securities
    Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Fax number: (646) 862-8988

     

    with electronic copies e-mailed to:

     

    Richard Simpson at richard.simpson@citi.com
    and

    Ryan M. O’Connor at ryan.m.oconnor@citi.com

 

 

3.       The
GC48 Trust is subject to the reporting requirements of the Securities Exchange Act of 1934, as amended.

 

4.       Enclosed
herewith is a copy of an executed version of the GC48 PSA.

 

5.       As
of the date hereof, the Controlling Class Representative (as defined in the GC48 PSA) under the GC48 PSA is LD III Sub IX, LLC.

 

    	 	FF-2-5	 

    

    

	 	Very truly yours,
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	FF-2-6	 

    

    

EXHIBIT FF-3

 

FORM OF NOTICE REGARDING OUTSIDE 

SERVICED MORTGAGE LOAN

(One Wilshire)

[Date]

 

	
    Midland Loan Services, a Division of PNC 

Bank,
National Association,

10851 Mastin Street

Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Fax number: 1-888-706-3565

Email: NoticeAdmin@midlandls.com

    with a copy to:

    Stinson LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

Attention: Kenda K. Tomes

Email: kenda.tomes@stinson.com

 
	
    KeyBank National Association

    11501 Outlook Street, Suite 300

    Overland Park, Kansas 66211

    Attention: Alan Williams

    Email: keybank_notices@keybank.com

     

    with a copy to:

     

    Polsinelli

    900 West 48th Place, Suite 900

    Kansas City, Missouri 64112

    Attention: Kraig Kohring

    Email: kkohring@polsinelli.com

     

	
    Wilmington Trust, National Association

1100 North Market Street

Wilmington Delaware 19890

Attention: CMBS Trustee 

    with a copy to:

    Telecopy number: (302) 636-4140

Email: CMBSTrustee@wilmingtontrust.com

Pentalpha Surveillance LLC

375 N. French Road, Suite 100

Amherst, New York 14228

Attention: Benchmark 2022-B32—Transaction

 
	
    Computershare Trust Company, National Association

    9062 Old Annapolis Road

    Columbia, Maryland 21045-1951

    Attention: Corporate Trust Services (CMBS)

    Benchmark 2022-B32 Mortgage Trust

     

    with a copy to:

     

    Telecopy Number: (410) 715-2380

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

Computershare Trust Company, National Association

1055 10th Ave SE

Minneapolis, Minnesota 55414

     

    	 	FF-3-1	 

    

    

 

	
    Manager

    With a copy sent via email to: notices@pentalphasurveillance.com
    (with Benchmark 2022-B32 in the subject line)
	
    

    Attn: Document Custody Group: Benchmark 2022-B32

     

    with a copy to:

     

    Email: cmbscustody@wellsfargo.com

	 	 
	 	 

	 	Re:	Benchmark 2022-B32 Mortgage Trust, Commercial Mortgage Pass-Through
  

Certificates, Series 2022-B32

Ladies and Gentlemen:

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of February 1, 2022 (the “BMARK 2022-B32 PSA”), between J.P. Morgan
Chase Commercial Securities Corp., as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer,
KeyBank National Association, as special servicer, Wilmington Trust, National Association, as trustee, Computershare Trust Company, National
Association, as certificate administrator, as paying agent and as custodian, and Pentalpha Surveillance LLC, as operating advisor. Capitalized
terms used but not defined herein shall have the meanings given to them in the BMARK 2022-B32 PSA.

The undersigned is the certificate
administrator under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “GC48 PSA”), between Citigroup
Commercial Mortgage Securities Inc., as depositor (the “GC48 Depositor”), Midland Loan Services, a Division of PNC
Bank, National Association, as master servicer (in such capacity, the “GC48 Master Servicer”), Greystone Servicing
Company LLC, as a special servicer (in such capacity, the “GC48 Special Servicer”), Rialto Capital Advisors, LLC, solely
with respect to the Yorkshire & Lexington Towers Whole Loan, as a special servicer (in such capacity, the “GC48 Y&L Special
Servicer”), Park Bridge Lender Services LLC, as operating advisor (in such capacity, the “GC48 Operating Advisor”)
and asset representations reviewer (in such capacity, the “GC48 Asset Representations Reviewer”), Computershare Trust
Company, National Association, as certificate administrator (in such capacity, the “GC48 Certificate Administrator”),
and Wilmington Trust, National Association, as trustee (in such capacity, the “GC48 Trustee”), pursuant to which the
Citigroup Commercial Mortgage Trust 2022-GC48 (the “GC48 Trust”) was established and a pool of commercial and multifamily
mortgage loans were transferred to the GC48 Trust as of June 21, 2022 (the “Closing Date”), including the following
Serviced Companion Loan (the “Subject Serviced Companion Loan”):

	Name
    of Mortgage Loan as identified on Mortgage Loan Schedule	Promissory
    Note Evidencing Subject Serviced Companion Loan
	One
    Wilshire	Note
    A-5

 

    	 	FF-3-2	 

    

    

The undersigned hereby
notifies you that, as of the Closing Date:

1.       Wilmington
Trust, National Association, as trustee under the GC48 PSA, is the holder of the Subject Serviced Companion Loan. You are directed to
remit to Midland Loan Services, a Division of PNC Bank, National Association, as master servicer under the GC48 PSA, all amounts payable
to, and to forward, deliver or otherwise make available, as the case may be, to Midland Loan Services, a Division of PNC Bank, National
Association, as master servicer under the GC48 PSA, all reports, statements, documents, communications and other information that are
to be forwarded, delivered or otherwise made available to the Serviced Companion Noteholder with respect to the Subject Serviced Companion
Loan under the BMARK 2022-B32 PSA and the related Intercreditor Agreement, respectively. The wire instructions for Midland Loan Services,
a Division of PNC Bank, National Association, as GC48 Master Servicer, are as follows:

 

[INSERT WIRE INSTRUCTIONS PROVIDED BY MIDLAND LOAN
SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION]

2.       The
contact information for the GC48 Trustee, the GC48 Certificate Administrator, the GC48 Master Servicer, the GC48 Special Servicer, the
GC48 Y&L Special Servicer, the GC48 Operating Advisor, the GC48 Asset Representations Reviewer and the GC48 Depositor with respect
to the Subject Serviced Companion Loans is as follow:

 

	GC48
    Trustee:	Wilmington
                                            Trust, National Association

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT
    2022-GC48

    Fax number: (302) 636-4140

    Email: cmbstrustee@wilmingtontrust.com

	GC48
    Certificate Administrator:	Computershare
                                            Trust Company, National Association

    9062 Old Annapolis
    Road

    Columbia, Maryland
    21045

    Attention: Corporate
    Trust Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

	GC48
    Master Servicer	Midland
    Loan Services, a Division of PNC Bank, National Association,

    10851
    Mastin Street, Suite 700

    Overland
    Park, Kansas 66210

    Attention:
    Executive Vice President – Division

    	 	FF-3-3	 

    

    

 

		Head

    Fax
    number: 1-888-706-3565

     

    with
    a copy to:

     

    Stinson
    LLP

    1201
    Walnut Street, Suite 2900

    Kansas
    City, Missouri 64106-2150

    Attention:
    Kenda K. Tomes

    Fax
    number: (816) 412-9338

     

    and with respect to e-mail pursuant
    to pursuant to Section 12.06 and Section 12.13 of the GC48 PSA, at NoticeAdmin@midlandls.com

	GC48
    Special Servicer:	Greystone Servicing Company LLC

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

     

    with a copy to:

     

    Jenna Unell, Senior Managing Director,

    email: jenna.unell@greyco.com

	GC48
    Y&L Special Servicer:	Rialto Capital Advisors, LLC

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

     

    Rialto Capital Advisors, LLC

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah
    and Adam 

Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com,
    

adam.singer@rialtocapital.com, and 

jeff.krasnoff@rialtocapital.com

    	 	FF-3-4	 

    

    

 

	GC48
    Operating Advisor and GC48 Asset Representations Reviewer:	Park Bridge Lender Services LLC

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance
    Manager

    with a copy sent contemporaneously via
    email to: cmbs.notices@parkbridgefinancial.com

	GC48
    Depositor	Citigroup Commercial Mortgage Securities
    Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Fax number: (646) 328-2943

     

    with a copy to:

     

    Citigroup Commercial Mortgage Securities
    Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Fax number: (347) 394-0898

     

    with a copy to:

     

    Citigroup Commercial Mortgage Securities
    Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Fax number: (646) 862-8988

     

    with electronic copies e-mailed to:

     

    Richard Simpson at richard.simpson@citi.com
    

and

    Ryan M. O’Connor at ryan.m.oconnor@citi.com

 

3.       The
GC48 Trust is subject to the reporting requirements of the Securities Exchange Act of 1934, as amended.

 

4.       Enclosed
herewith is a copy of an executed version of the GC48 PSA.

 

5.       As
of the date hereof, the Controlling Class Representative (as defined in the GC48 PSA) under the GC48 PSA is LD III Sub IX, LLC.

 

    	 	FF-3-5	 

    

    

	 	Very truly yours,
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	FF-3-6	 

    

    

EXHIBIT FF-4

 

FORM OF NOTICE REGARDING OUTSIDE 

SERVICED MORTGAGE LOAN

(360 Rosemary and 111 River Street)

[Date]

 

	
    KeyBank National Association

    11501 Outlook Street, Suite 300

    Overland Park, Kansas 66211

    Attention: Michael A. Tilden

    Email: michael_a_tilden@keybank.com

    Fax: 877-379-1625

     

    with copies to:

     

    Polsinelli

    900 West 48th Place, Suite 900

    Kansas City, Missouri 64112

    Attention: Kraig Kohring

    Email: kkohring@polsinelli.com

    fax number (816) 753-1536

     
	
    KeyBank National Association

    11501 Outlook Street, Suite 300

    Overland Park, Kansas 66211

    Attention: Alan Williams

    Email: keybank_notices@keybank.com

    Fax: 877-379-1625

     

    with copies to:

    Polsinelli

    900 West 48th Place, Suite 900

    Kansas City, Missouri 64112

    Attention: Kraig Kohring

    Email: kkohring@polsinelli.com

    fax number (816) 753-1536

	
    CWCapital Asset Management LLC

    900 19th Street, NW, 8th Floor

    Washington, D.C. 20006

    Attention: Brian Hanson (BMO 2022-C1)

    email: 

CWCAMContractNotices@cwcapital.com

     

    with a copy to:

     

    CWCapital Asset Management LLC

    900 19th Street, NW, 8th Floor

    Washington, D.C. 20006

    Attention: Legal Department (BMO 2022-C1)

     

    Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – BMO2022-C1

with a copy to:

 
	
    Situs Holdings, LLC

    2 Embarcadero Center, 8th Floor

    San Francisco, California 94111

    Attention: Stacey Ciarlanti

    email: staceyciarlanti@situsamc.com

     

    with a copy to:

    

Situs Group, LLC

    5065 Westheimer, Suite 700E

    Houston, Texas 77056

    Attention: Legal Department

    email: legal@situsamc.com

     

    Computershare Trust Company, National Association

1055 10th Avenue SE

Minneapolis, Minnesota 55414

Attention: Document Custody Group – BMO2022-C1

with a copy to:

    	 	FF-4-1	 

    

    

 

	
    

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

     
	
    

    cmbscustody@wellsfargo.com

	
    Wilmington Trust, National Association

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee BMO 2022-C1

    Fax number: (302) 636 4140

    Email: cmbstrustee@wilmingtontrust.com
	 

		Re:	BMO 2022-C1 Mortgage Trust Commercial Mortgage Pass Through Certificates, Series 2022-C1

Ladies and Gentlemen:

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of February 1, 2022 (the “BMO 2022-C1 PSA”), among BMO Commercial
Mortgage Securities LLC, as Depositor, KeyBank National Association, as Master Servicer, CWCapital Asset Management LLC, as Special Servicer,
Situs Holdings, LLC, as a Special Servicer, solely with respect to the 360 Rosemary Loan Combination, KeyBank National Association, as
a Special Servicer solely with respect to the 111 River Street Loan Combination, Park Bridge Lender Services LLC, as Operating Advisor
and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate Administrator, and Wilmington
Trust, National Association, as Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the BMO
2022-C1 PSA.

The undersigned is the certificate
administrator under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “GC48 PSA”), between Citigroup
Commercial Mortgage Securities Inc., as depositor (the “GC48 Depositor”), Midland Loan Services, a Division of PNC
Bank, National Association, as master servicer (in such capacity, the “GC48 Master Servicer”), Greystone Servicing
Company LLC, as a special servicer (in such capacity, the “GC48 Special Servicer”), Rialto Capital Advisors, LLC, solely
with respect to the Yorkshire & Lexington Towers Whole Loan, as a special servicer (in such capacity, the “GC48 Y&L Special
Servicer”), Park Bridge Lender Services LLC, as operating advisor (in such capacity, the “GC48 Operating Advisor”)
and asset representations reviewer (in such capacity, the “GC48 Asset Representations Reviewer”), Computershare Trust
Company, National Association, as certificate administrator (in such capacity, the “GC48 Certificate Administrator”),
and Wilmington Trust, National Association, as trustee (in such capacity, the “GC48 Trustee”), pursuant to which the
Citigroup Commercial Mortgage Trust 2022-GC48 (the “GC48 Trust”) was established and a pool of commercial and multifamily
mortgage loans were transferred to the GC48 Trust as of June 21, 2022 (the “Closing Date”), including the following
Serviced Companion Loans (the “Subject Serviced Companion Loans”):

	Name
    of Mortgage Loan as identified on Mortgage Loan Schedule	Promissory
    Note(s) Evidencing Subject Serviced Companion Loan

 

    	 	FF-4-2	 

    

    

 

	Name
    of Mortgage Loan as identified on Mortgage Loan Schedule	Promissory
    Note(s) Evidencing Subject Serviced Companion Loan
	360
    Rosemary	Note
    A-5
	111
    River Street	Note
    A-4

The undersigned hereby
notifies you that, as of the Closing Date:

1.       Wilmington
Trust, National Association, as trustee under the GC48 PSA, is the holder of the Subject Serviced Companion Loans. You are directed to
remit to Midland Loan Services, a Division of PNC Bank, National Association, as master servicer under the GC48 PSA, all amounts payable
to, and to forward, deliver or otherwise make available, as the case may be, to Midland Loan Services, a Division of PNC Bank, National
Association, as master servicer under the GC48 PSA, all reports, statements, documents, communications and other information that are
to be forwarded, delivered or otherwise made available to the Serviced Companion Loan Holders with respect to the Subject Serviced Companion
Loans under the BMO 2022-C1 PSA and the related Co-Lender Agreements, respectively. The wire instructions for Midland Loan Services, a
Division of PNC Bank, National Association, as GC48 Master Servicer, are as follows:

 

[INSERT WIRE INSTRUCTIONS PROVIDED BY MIDLAND LOAN SERVICES,
A DIVISION OF PNC BANK, NATIONAL ASSOCIATION]

2.       The
contact information for the GC48 Trustee, the GC48 Certificate Administrator, the GC48 Master Servicer, the GC48 Special Servicer, the
GC48 Y&L Special Servicer, the GC48 Operating Advisor, the GC48 Asset Representations Reviewer and the GC48 Depositor with respect
to the Subject Serviced Companion Loans is as follows:

 

	GC48
    Trustee:	Wilmington Trust, National Association

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT
    2022-GC48

    Fax number: (302) 636-4140

    Email: cmbstrustee@wilmingtontrust.com

	GC48
    Certificate Administrator:	Computershare Trust
    Company, National Association

    9062 Old Annapolis
    Road

    Columbia, Maryland
    21045

    Attention: Corporate
    Trust Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

    	 	FF-4-3	 

    

    

 

	GC48
    Master Servicer	Midland
                                            Loan Services, a Division of PNC Bank, National Association,

    10851
    Mastin Street, Suite 700

    Overland
    Park, Kansas 66210

    Attention:
    Executive Vice President – Division Head

    Fax
    number: 1-888-706-3565

     

    with
    a copy to:

     

    Stinson
    LLP

    1201
    Walnut Street, Suite 2900

    Kansas
    City, Missouri 64106-2150

    Attention:
    Kenda K. Tomes

    Fax
    number: (816) 412-9338

     

    and with respect to e-mail pursuant
    to pursuant to Section 12.06 and Section 12.13 of the GC48 PSA, at NoticeAdmin@midlandls.com

	GC48
    Special Servicer:	Greystone
                                            Servicing Company LLC

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

     

    with a copy to:

     

    Jenna Unell, Senior Managing Director,

    email: jenna.unell@greyco.com

	GC48
    Y&L Special Servicer:	Rialto Capital Advisors, LLC

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

     

    Rialto Capital Advisors, LLC

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah
and Adam

    	 	FF-4-4	 

    

    

 

		Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com,
    adam.singer@rialtocapital.com, and jeff.krasnoff@rialtocapital.com

	GC48
    Operating Advisor and GC48 Asset Representations Reviewer:	Park Bridge Lender Services LLC

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance
    

Manager

    with a copy sent contemporaneously via
    email to: cmbs.notices@parkbridgefinancial.com

	GC48
    Depositor	Citigroup Commercial Mortgage Securities
    Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Fax number: (646) 328-2943

     

    with a copy to:

     

    Citigroup Commercial Mortgage Securities
    Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Fax number: (347) 394-0898

     

    with a copy to:

     

    Citigroup Commercial Mortgage Securities
    Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Fax number: (646) 862-8988

     

    with electronic copies e-mailed to:

     

    Richard Simpson at richard.simpson@citi.com
    

and

    Ryan M. O’Connor at ryan.m.oconnor@citi.com

 

 

3.       The
GC48 Trust is subject to the reporting requirements of the Securities Exchange Act of 1934, as amended.

 

    	 	FF-4-5	 

    

    

4.       Enclosed
herewith is a copy of an executed version of the GC48 PSA.

 

5.       As
of the date hereof, the Controlling Class Representative (as defined in the GC48 PSA) under the GC48 PSA is LD III Sub IX, LLC.

	 	 	 
	 	 	 
	 	Very truly yours,
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

 

 

 

    	 	FF-4-6	 

    

    

EXHIBIT FF-5

 

FORM OF NOTICE REGARDING OUTSIDE 

SERVICED MORTGAGE LOAN

(2 Riverfront Plaza)

[Date]

 

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

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division Head

    Fax Number: (888) 706-3565

     

    with a copy to:

     

    Stinson LLP

    1201 Walnut Street

    Suite 2900

    Kansas City, Missouri 64106 2150

    Attention: Kenda K. Tomes 

    Email: kenda.tomes@stinson.com

    Fax Number: (816)-412-9338

     
	
    Rialto Capital Advisors, LLC

    200 S. Biscayne Boulevard

    Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Fax number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

     

    Rialto Capital Advisors, LLC

    200 S. Biscayne Boulevard

    Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff

    Fax number: (305) 229-6425

    Email: jeff.krasnoff@rialtocapital.com

	
     

    Wilmington Trust, National Association

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee

    

    with a copy to: 

    

    Telecopy number: (302) 636-4140

    Email: CMBSTrustee@wilmingtontrust.com

Pentalpha Surveillance LLC

375 N. French Road, Suite 100

Amherst, New York 14228

Attention: BBCMS 2022-C15 Transaction Manager

 

with a copy sent via email to:

	
    

with a copy to:

     

    Rialto Capital Advisors, LLC

    200 S. Biscayne Boulevard

    Suite 3550

    Miami, Florida 33131

    Attention: Niral Shah

    Fax number: (305) 229-6425

    Email: niral.shah@rialtocapital.com

with a copy to:

Rialto Capital Advisors, LLC

200 S. Biscayne Boulevard

Suite 3550

Miami, Florida 33131

Attention: Adam Singer

Fax number: (305) 229-6425

Email: adam.singer@rialtocapital.com

    	 	FF-5-1	 

    

    

 

	
    

    notices@pentalphasurveillance.com with 

BBCMS 2022-C15 in the subject
line

     
	
    

     

	
    Computershare Trust Company, National Association

    9062 Old Annapolis Road

    Columbia, Maryland 21045

    Attention: Corporate Trust Services – BBCMS 

2022-C15

     

    with a copy to:

     

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com
	
    Computershare Trust Company, National 

Association

1055 10th Avenue SE

Minneapolis, Minnesota 55414

Attention: Document Custody Group – 

BBCMS 2022-C15 

    with a copy to:

    cmbscustody@wellsfargo.com

		Re:	BBCMS Mortgage Trust 2022-C15, Commercial
                                            Mortgage Pass-Through Certificates, Series 2022-C15

Ladies and Gentlemen:

Reference is hereby made
to the Pooling and Servicing Agreement, dated as of April 1, 2022 (the “BBCMS 2022-C15”), between Barclays Commercial
Mortgage Securities LLC, as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Rialto
Capital Advisors, LLC, as Special Servicer, Computershare Trust Company, National Association, as Certificate Administrator, Wilmington
Trust, National Association, as Trustee, and Pentalpha Surveillance LLC, as Operating Advisor and as Asset Representations Reviewer. Capitalized
terms used but not defined herein shall have the meanings given to them in the BBCMS 2022-C15.

The undersigned is the certificate
administrator under the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “GC48 PSA”), between Citigroup
Commercial Mortgage Securities Inc., as depositor (the “GC48 Depositor”), Midland Loan Services, a Division of PNC
Bank, National Association, as master servicer (in such capacity, the “GC48 Master Servicer”), Greystone Servicing
Company LLC, as a special servicer (in such capacity, the “GC48 Special Servicer”), Rialto Capital Advisors, LLC, solely
with respect to the Yorkshire & Lexington Towers Whole Loan, as a special servicer (in such capacity, the “GC48 Y&L Special
Servicer”), Park Bridge Lender Services LLC, as operating advisor (in such capacity, the “GC48 Operating Advisor”)
and asset representations reviewer (in such capacity, the “GC48 Asset Representations Reviewer”), Computershare Trust
Company, National Association, as certificate administrator (in such capacity, the “GC48 Certificate Administrator”),
and Wilmington Trust, National Association, as trustee (in such capacity, the “GC48 Trustee”), pursuant to which the
Citigroup Commercial Mortgage Trust 2022-GC48 (the “GC48 Trust”) was established and a pool of commercial and multifamily
mortgage loans were transferred to the GC48 Trust as of June 21, 2022 (the “Closing Date”), including the following
Serviced Companion Loan (the “Subject Serviced Companion Loan”):

    	 	FF-5-2	 

    

    

 

	Name
    of Mortgage Loan as identified on Mortgage Loan Schedule	Promissory
    Note Evidencing Subject Serviced Companion Loan
	2
    Riverfront Plaza	Note
    A-4

The undersigned hereby
notifies you that, as of the Closing Date:

1.       Wilmington
Trust, National Association, as trustee under the GC48 PSA, is the holder of the Subject Serviced Companion Loan. You are directed to
remit to Midland Loan Services, a Division of PNC Bank, National Association, as master servicer under the GC48 PSA, all amounts payable
to, and to forward, deliver or otherwise make available, as the case may be, to Midland Loan Services, a Division of PNC Bank, National
Association, as master servicer under the GC48 PSA, all reports, statements, documents, communications and other information that are
to be forwarded, delivered or otherwise made available to the Serviced Companion Noteholder with respect to the Subject Serviced Companion
Loan under the BBCMS 2022-C15 PSA and the related Intercreditor Agreement, respectively. The wire instructions for Midland Loan Services,
a Division of PNC Bank, National Association, as GC48 Master Servicer, are as follows:

 

[INSERT WIRE INSTRUCTIONS PROVIDED BY MIDLAND LOAN SERVICES,
A DIVISION OF PNC BANK, NATIONAL ASSOCIATION]

 

2.       The
contact information for the GC48 Trustee, the GC48 Certificate Administrator, the GC48 Master Servicer, the GC48 Special Servicer, the
GC48 Y&L Special Servicer, the GC48 Operating Advisor, the GC48 Asset Representations Reviewer and the GC48 Depositor with respect
to the Subject Serviced Companion Loans is as follow:

 

	GC48
    Trustee:	Wilmington
                                            Trust, National Association

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee – CGCMT
    2022-GC48

    Fax number: (302) 636-4140

    Email: cmbstrustee@wilmingtontrust.com

	GC48
    Certificate Administrator:	Computershare
                                            Trust Company, National Association

    9062 Old Annapolis
    Road

    Columbia, Maryland
    21045

    Attention: Corporate
    Trust Services – CGCMT 2022-GC48

    with a copy to:

    cts.cmbs.bond.admin@wellsfargo.com

    trustadministrationgroup@wellsfargo.com

    	 	FF-5-3	 

    

    

 

	GC48
    Master Servicer	Midland
                                            Loan Services, a Division of PNC Bank, National Association,

    10851
    Mastin Street, Suite 700

    Overland
    Park, Kansas 66210

    Attention:
    Executive Vice President – Division Head

    Fax
    number: 1-888-706-3565

     

    with
    a copy to:

     

    Stinson
    LLP

    1201
    Walnut Street, Suite 2900

    Kansas
    City, Missouri 64106-2150

    Attention:
    Kenda K. Tomes

    Fax
    number: (816) 412-9338

     

    and with respect to e-mail pursuant
    to pursuant to Section 12.06 and Section 12.13 of the GC48 PSA, at NoticeAdmin@midlandls.com

	GC48
    Special Servicer:	Greystone
                                            Servicing Company LLC

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

     

    with a copy to:

     

    Jenna Unell, Senior Managing Director,

    email: jenna.unell@greyco.com

	GC48
    Y&L Special Servicer:	Rialto Capital Advisors, LLC

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:

     

    Rialto Capital Advisors, LLC

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah
    and Adam

    	 	FF-5-4	 

    

    

 

		Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com,
    

adam.singer@rialtocapital.com, and jeff.krasnoff@rialtocapital.com

	GC48
    Operating Advisor and GC48 Asset Representations Reviewer:	Park Bridge Lender Services LLC

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance
    Manager

    with a copy sent contemporaneously via
    email to: cmbs.notices@parkbridgefinancial.com

	GC48
    Depositor	Citigroup Commercial Mortgage Securities
    Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Fax number: (646) 328-2943

     

    with a copy to:

     

    Citigroup Commercial Mortgage Securities
    Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Fax number: (347) 394-0898

     

    with a copy to:

     

    Citigroup Commercial Mortgage Securities
    Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Fax number: (646) 862-8988

     

    with electronic copies e-mailed to:

     

    Richard Simpson at richard.simpson@citi.com
    

and

    Ryan M. O’Connor at ryan.m.oconnor@citi.com

 

3.       The
GC48 Trust is subject to the reporting requirements of the Securities Exchange Act of 1934, as amended.

 

4.       Enclosed
herewith is a copy of an executed version of the GC48 PSA.

    	 	FF-5-5	 

    

    

 

		5.	As of the date hereof, the Controlling Class Representative (as defined in the GC48 PSA) under the GC48 PSA
is LD III Sub IX, LLC.

	 	 	 
	 	 	 
	 	Very truly yours,
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	FF-5-6	 

    

    

EXHIBIT GG

 

SPECIFIED mortgage
LOANS

	Loan
    No.	Mortgage
    Loan	Reserve
    Type	Amount
	18	Las
    Casitas MHP	Economic
    Performance Reserve  	$1.5MM
	22	25-28
    Broadway	421a
    Reserve	$1MM

 

 

 

    	 	GG-1	 

    

    

EXHIBIT HH

FORM OF ASSET REVIEW REPORT BY THE

ASSET REPRESENTATIONS REVIEWER1

To: [Addresses of Recipients]

 

	 	Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

 

Ladies and Gentlemen:

 

In accordance with Section 11.01
of the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), the undersigned,
as asset representations reviewer (the “Asset Representations Reviewer”), has performed an Asset Review on each
Delinquent Loan identified by the Certificate Administrator, and is hereby issuing the following Asset Review Report.

 

	 	1.	We have performed an Asset Review on each Delinquent Loan identified by the Certificate Administrator and our conclusion is that there is [no evidence of a failed Test][evidence of [•] failed Tests as specifically detailed on the scorecard attached hereto as Exhibit A] with respect to the Delinquent Loans.  

 

	 	2.	A conclusion by the Asset Representations Reviewer of a passed Test or a failed Test shall not constitute a determination by the Asset Representations Reviewer of (i) the existence or nonexistence of a Material Defect, or (ii) whether the Trust should enforce any rights it may have against the applicable Mortgage Loan Seller. In addition, the Tests may not be sufficient to determine every instance of noncompliance.

 

	 	
    3.

     

     

    
	
    The Asset Representations Reviewer, other than
forwarding this report to the persons listed above, will not be required to take or participate in any other or further action with respect
to the aforementioned Asset Review Report.

    
	 	 	 
	 	4.	Capitalized words and phrases used herein shall
    have the respective meanings assigned to them in the Pooling and Servicing Agreement.

 

 

	 	PARK BRIDGE LENDER SERVICES LLC, as Asset
    

    Representations Reviewer
	 	 	 	 
	 	 	 	 
	 	By:  	 	Park Bridge Advisors LLC, a New York limited liability company, its sole member
	 	 	 	 	 	 
	 	 	 	 	 	 
	 		 	By:		Park Bridge Financial LLC, a New York limited
    liability company, its sole member
	 	  	 	 	 	 
	 	 	 	By:	 
	 	 	 	Name:	 
	 	 	 	Title:	 
	 	 	 	 	 	 

 

 

 

  1 This report
is an indicative report, and the Asset Representations Reviewer will have the ability to modify or alter the organization and content
of this report, subject to compliance with the terms of the Pooling and Servicing Agreement, including without limitation, provisions
relating to Privileged Information.

 

    	 	HH-1	 

    

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	HH-2	 

    

    

Exhibit A

 

Detailed Scorecard

[Template Example Below]

 

	
    Test failures

     

	Loan #	Loan Name	Mortgage Loan Seller	R&W 

#	R&W Name	Test Description	Findings
	[Insert Loan Number]	[Insert Loan Name]	[Insert Mortgage Loan Seller]	21	Compliance with Usury Laws	[Insert Test Description]	[Insert Test findings]
	31	Single-Purpose Entity	 	 

 

 

 

    	 	HH-3	 

    

    

EXHIBIT II

FORM OF ASSET REVIEW REPORT SUMMARY

BY THE ASSET REPRESENTATIONS REVIEWER1

 

To: [Addresses of Recipients]

 

	 	Re:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48

 

Ladies and Gentlemen:

 

In accordance with Section 11.01
of the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”), the undersigned,
as asset representations reviewer (the “Asset Representations Reviewer”), has performed an Asset Review on each
Delinquent Loan identified by the Certificate Administrator, and is hereby issuing the following Asset Review Report Summary.

 

	 	1.	We have performed an Asset Review on each Delinquent Loan identified by the Certificate Administrator and our conclusion is that there is [no evidence of a failed Test][evidence of [•] failed Tests as identified on the summary scorecard attached hereto as Exhibit A] with respect to the Delinquent Loans.

 

	 	2.	A conclusion by the Asset Representations Reviewer of a passed Test or a failed Test shall not constitute a determination by the Asset Representations Reviewer of (i) the existence or nonexistence of a Material Defect, or (ii) whether the Trust should enforce any rights it may have against the applicable Mortgage Loan Seller. In addition, the Tests may not be sufficient to determine every instance of noncompliance.

 

	 	3.	The Asset Representations Reviewer, other than forwarding this Asset Review Report Summary to the parties listed above, will not be required to take or participate in any other or further action with respect to the aforementioned Asset Review Report Summary.

 

	 	4.	Capitalized words and phrases used herein shall have the respective meanings assigned to them in the Pooling and Servicing Agreement.

 

	 	PARK BRIDGE LENDER SERVICES LLC, as Asset
    

    Representations Reviewer
	 	 	 	 
	 	 	 	 
	 	By:  	 	Park Bridge Advisors LLC, a New York limited 

liability company, its sole member
	 	 	 	 	 	 
	 	 	 	 	 	 
	 		 	By:		Park Bridge Financial LLC, a New York 

limited
    liability company, its sole member
	 	 	 	 	 	 
	 	  	 	 	 	 
	 	 	 	By:	 
	 	 	 	Name:	 
	 	 	 	Title:	 
	 	 	 	 	 	 

 

 

1 This report is an indicative
report, and the Asset Representations Reviewer will have the ability to modify or alter the organization and content of this report,
subject to compliance with the terms of the Pooling and Servicing Agreement, including without limitation, provisions relating to Privileged
Information. 

 

 

    	 	II-1	 

    

    

 

 

 

 

 

 

 

 

 

 

    	 	II-2	 

    

    

 

Exhibit A

 

Summary Scorecard

[Template Example Below]

 

	
    Test failures

     

	Loan #	Loan Name	Mortgage Loan Seller	Representations

and Warranty #	Representation and Warranty Name
	[Insert Loan #]	[Insert Loan Name]	[Insert Mortgage Loan Seller]	21	Compliance with Usury Laws
	31	Single-Purpose Entity

 

    	 	II-3	 

    

    

EXHIBIT JJ

ASSET REVIEW PROCEDURES 

Subject to the Pooling and Servicing Agreement, this Exhibit sets forth the Asset Representations Reviewer’s review procedures
for Asset Review of each Delinquent Loan. Capitalized terms used herein and not defined herein shall have the meanings ascribed to them
in the Pooling and Servicing Agreement. In the event of any conflict between this Exhibit JJ and the terms of the Pooling and Servicing
Agreement, the Pooling and Servicing Agreement shall control and govern the Asset Representations Reviewer’s responsibilities and
duties with respect to Asset Reviews.

Call for Review and Collection and Inventory
of Review Materials

 

	Step 1	The Asset Representations Reviewer (“ARR”) receives the following items before beginning its review:

		§	Notice of Asset Review Trigger (with attachments)

		§	Notice of Asset Review Vote Election

		§	Asset Review Notice

		§	List of all Delinquent Loans

		§	Review Materials for each Delinquent Loan via Secure Data Room access, including,
among other documents, the Diligence File

		§	Any Unsolicited Information (if applicable)

	Step 2	For each Delinquent Loan, ARR inventories all Review Materials to which ARR is provided access in the Secure Data Room to determine what,
if any, Review Materials for such Delinquent Loan are missing, using the list of documents in the definition of “Mortgage File”
of this Agreement, any comparable lists included in the related Loan Purchase Agreement, and any closing checklist from the origination
of such Delinquent Loan, to guide its review and determination

	Step 3	If ARR determines that the Review Material made available or delivered to it in the Secure Data Room with respect to any Delinquent Loan
is missing any documents required to complete an Asset Review of such Delinquent Loan, ARR shall prepare list of such missing documents
and notify the Master Servicer (with respect to Non-Specially Serviced Loans) or the Special Servicer (with respect to Specially Serviced
Loans) of such missing documents. If any missing documents are not provided by the Master Servicer or the Special Servicer, as applicable,
the ARR shall request such documents from the related Mortgage Loan Seller.

 

    	 	JJ-1	 

    

    

Analysis and Testing
of Representations and Warranties

 

	Step 4	For each Delinquent Loan for which ARR has received all Review Materials required to complete an Asset Review of such Delinquent Loan,
ARR tests such Delinquent Loan for compliance with each representation and warranty made by the related Mortgage Loan Seller with respect
to such Delinquent Loan as follows:

		§	ARR reviews each representation and warranty and each item included in the
Review Materials applicable or related to such representation or warranty to determine whether there is any evidence that such representation
or warranty was not true when made by the related Mortgage Loan Seller

		§	For each representation and warranty, ARR lists 

		·	all items from the Review Materials reviewed or used in its testing of such
representation and warranty

		·	whether ARR has determined that there is any evidence that such representation
or warranty was not true when made by the related Mortgage Loan Seller, and

		o	if so, stating the aspect of the applicable representation or warranty that
does not appear to have been true when made by the related Mortgage Loan Seller and ARR’s basis for its conclusion

		o	completing the Asset Review Report by setting forth, for each Delinquent
Loan, the information contemplated herein with respect to each representation and warranty

	 	ARR will not attempt (and has no obligation) to determine the materiality of any potential breach of a representation or warranty that
it discovers evidence of during its review as contemplated herein.

 

    	 	JJ-2	 

    

    

EXHIBIT KK

CERTIFICATION TO CERTIFICATE ADMINISTRATOR
REQUESTING ACCESS TO SECURE DATA ROOM

 

Computershare Trust Company, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045

Attention: Corporate Trust Services – CGCMT 2022-GC48

       with a copy to:

cts.cmbs.bond.admin@wellsfargo.com

trustadministrationgroup@wellsfargo.com

 

	Attention:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage

  Pass-Through Certificates, Series 2022-GC48

 

In accordance with the
requirements for obtaining access to the Secure Data Room pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2022 (the
“Pooling and Servicing Agreement”), between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan
Services, a Division of PNC Bank, National Association, as Master Servicer, Greystone Servicing Company LLC, as a Special Servicer, Rialto
Capital Advisors, LLC, solely with respect to the Yorkshire & Lexington Towers Whole Loan, as a Special Servicer, Park Bridge Lender
Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare Trust Company, National Association, as Certificate
Administrator, and Wilmington Trust, National Association, as Trustee, with respect to the certificates (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

		1.	The
                                            undersigned is an authorized representative of [________________________].

 

		2.	The
                                            undersigned acknowledges and agrees that (a) access to the Secure Data Room is being granted
                                            to it solely for purposes of the undersigned carrying out its obligations under the Pooling
                                            and Servicing Agreement, (b) it will not disseminate or otherwise make information contained
                                            on the Secure Data Room available to any other person except in accordance with the Pooling
                                            and Servicing Agreement or otherwise with the written consent of the Depositor and (c) it
                                            will only access information relating to the Mortgage Loans to which the Asset Review relates.

 

		3.	The
                                            undersigned agrees that each time it accesses the Secure Data Room, the undersigned is deemed
                                            to have recertified that the representations above remains true and correct.

 

    	 	KK-1	 

    

    

 

		4.	[The
                                            undersigned is not a Certificateholder, a beneficial owner or a prospective purchaser of
                                            any Certificate, the Uncertificated VRR Interest Owner or a prospective purchaser of the
                                            Uncertificated VRR Interest.]1

BY ITS CERTIFICATION HEREOF, the undersigned has made the representations above
and shall have caused, or shall be deemed to have caused its name to be signed hereto by its duly authorized signatory, as of the date
certified.

	 	  [_________________]
	 	 	 
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

Dated: _______

 

 

 

	[Citigroup Commercial Mortgage Securities Inc. 
 as Depositor]1	 
	 	 	 
	 	 	 
	 	 	 
	By:	 	 
	 	[Name]

[Title]	 

 

 

 

 

 

1  Required to the extent that a party other than the
Asset Representations Reviewer is identified by the Depositor as needing access to the Secure Data Room.

 

 

    	 	KK-2	 

    

    

EXHIBIT LL

FORM OF NOTICE OF [ADDITIONAL DELINQUENT
LOAN][CESSATION OF DELINQUENT LOAN][CESSATION OF ASSET REVIEW TRIGGER]

[Date]

	
    Midland Loan Services, a Division of PNC 

Bank, National Association,

          as Master Servicer

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division 

Head

    Fax number: (888) 706-3565

    Email: NoticeAdmin@midlandls.com
	
    Park Bridge Lender Services LLC

            as Operating Advisor and Asset Representations Reviewer

    600 Third Avenue, 40th floor

    New York, New York 10016

    Attention: CGCMT 2022-GC48— Surveillance Manager

    with a copy sent via email to: cmbs.notices@parkbridgefinancial.com
    (with 

CGCMT 2022-GC48 in the subject line)

     

	
    

Rialto Capital Advisors, LLC,

         as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Liat Heller

    Facsimile number: (305) 229-6425

    Email: liat.heller@rialtocapital.com

     

    with a copy to:
	
    [Greystone Servicing Company LLC,

    as a Special Servicer

    5221 N. O'Connor Blvd., Suite 800

    Irving, TX 75039

    Attention: Amy Dixon, General Counsel

    email: amy.dixon@greyco.com

    with a copy to:

    

    Jenna Unell, Senior Managing Director email: 

jenna.unell@greyco.com]

	
    Rialto Capital Advisors, LLC,

          as a Special Servicer

    Southeast Financial Center

    200 S. Biscayne Blvd, Suite 3550

    Miami, Florida 33131

    Attention: Jeff Krasnoff, Niral Shah and Adam Singer

    Facsimile number: (305) 229-6425

    Email: niral.shah@rialtocapital.com, 

adam.singer@rialtocapital.com,
    and jeff.krasnoff@rialtocapital.com
	 

	Attention:	Citigroup Commercial Mortgage Trust 2022-GC48, Commercial Mortgage

  Pass-Through Certificates, Series 2022-GC48

In accordance with Section
11.01(a) of the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Pooling and Servicing Agreement”),
between Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank,

    	 	LL-1	 

    

    

National Association, as Master Servicer, Greystone
Servicing Company LLC, as a Special Servicer, Rialto Capital Advisors, LLC, solely with respect to the Yorkshire & Lexington Towers
Whole Loan, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor and as Asset Representations Reviewer, Computershare
Trust Company, National Association, as Certificate Administrator, and Wilmington Trust, National Association, as Trustee, the Certificate
Administrator hereby notifies you that as of [RELATED DISTRIBUTION DATE]:

		1.	_____	  An
                                            additional Mortgage Loan has become a Delinquent Loan.*

 

		2.	_____	  A
                                            Mortgage Loan has ceased to be a Delinquent Loan.†

 

		3.	_____	  An
                                            Asset Review Trigger has ceased to exist.

(check all that apply)

Capitalized terms used
but not defined herein have the respective meanings given to them in the Pooling and Servicing Agreement.

  

	 	Computershare Trust Company, National
	 	 	Association, as Certificate Administrator for 

the Holders of the Citigroup Commercial 

Mortgage Trust 2022-GC48, Commercial 

Mortgage Pass-Through
Certificates, Series 

2022-GC48 and the Uncertificated VRR 

Interest Owner
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

 

*
Each additional Mortgage Loan that has become a Delinquent Loan is identified on Exhibit A hereto.

†
Each Mortgage Loan that has ceased to be a Delinquent Loan is identified on Exhibit B hereto.

 

 

    	 	LL-2	 

    

    

 

Exhibit A

 

 

 

    	 	LL-3	 

    

    

 

Exhibit B

 

 

    	 	LL-4	 

    

    

EXHIBIT MM

Form
of Certificate Administrator Receipt in Respect of RISK RETENTION Certificates

[Date]

 

[Name and Address of Retaining Party]

		Re:	Citigroup Commercial
                                            Mortgage Trust 2022-GC48, Commercial Mortgage Pass-Through Certificates, Series 2022-GC48
                                            (Citigroup Commercial Mortgage Securities Inc. as Depositor)

In accordance with Section 5.02(f)
of the Pooling and Servicing Agreement, dated as of June 1, 2022 (the “Agreement”), pursuant to which the captioned
series of commercial mortgage pass-through certificates (the “Certificates”) were issued, the undersigned, as Certificate
Administrator, hereby acknowledges receipt and possession of, and further agrees that it will hereafter hold in the Retained Interest
Safekeeping Account, the Certificates identified on Schedule I attached hereto (the “Subject Certificates”), which
constitute some or all of the Class [VRR][YLRR] Certificates, for the benefit of [Name of Retaining Party], the registered holder of the
Subject Certificates, pursuant to the Agreement. Payments on the Subject Certificates will be made to the registered holder thereof in
accordance with the Agreement, including pursuant to any written wiring instructions provided in accordance with the Agreement.

This receipt is solely for
the benefit of the addressee and is non-transferable. Possession of this receipt by any other Person will not entitle such Person to delivery
of, or any rights in respect of, the Subject Certificates. The Subject Certificates are subject to the restrictions on transfer set forth
in, and may not be released from the Retained Interest Safekeeping Account except in accordance with, the Agreement.

Capitalized terms used but
not defined herein shall the respective meanings set forth in the Agreement.

	 	  COMPUTERSHARE TRUST COMPANY,
	 	 	NATIONAL ASSOCIATION, 

not in its individual capacity 

but solely as Certificate Administrator
	 	 	 
	 	 	 
		By:	 
	 	 	Name:

Title:

 

    	 	MM-1	 

    

    

Schedule I

 

Certificates Registered in the Name of [Retaining
Party]

	
    Class

    (CUSIP)
	
    Certificate

    No.
	
    Initial

    Certificate Balance

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    	 	MM-2	 

    

    

EXHIBIT NN

INITIAL
SERVICED COMPANION LOAN HOLDERS

	Serviced Companion Loan	Initial Serviced Companion Loan Holder	Address
	Yorkshire & Lexington Towers	Notes A-1,  A-7, A-10, A-13 and A-16	
    Bank of Montreal

    c/o BMO Capital Markets Corp.

    151 West 42nd Street

    New York, New York 10036

    Attention: Michael Birajiclian and David Schell

    Email: Michael.Birajiclian@bmo.com and 

David.Schell@bmo.com

     

    with a copy to:

     

    Bank of Montreal

    c/o BMO Capital Markets Corp.

    151 West 42nd Street

    New York, New York 10036

    Attention: Legal Department

    Email: BMOCMUSLegal@bmo.com

	Notes A-3, A-6, A-12, A-15 and A-18	
    Citi Real Estate Funding Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Facsimile number: (646) 328-2943

     

    with an electronic copy emailed to: 

richard.simpson@citi.com

     

    with copies to:

     

    Citi Real Estate Funding Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Facsimile number: (347) 394-0898

     

    with an electronic copy emailed to: 

raul.d.orozco@citi.com

     

    and

     

    Citi Real Estate Funding Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Facsimile number: (646) 862-8988

     

    with an electronic copy emailed to: 

ryan.m.oconnor@citi.com

    	 	NN-1	 

    

    

 

	 	Notes A-14 and A-17	
    Starwood Mortgage Funding II LLC

    2340 Collins Avenue, Suite 700

    Miami Beach, Florida 33139

    Attention: Leslie K. Fairbanks

    Email: lfairbanks@starwood.com and 

jbeard@starwood.com

     

    with a copy to:

     

    Starwood Property Trust, Inc.

    2340 Collins Avenue, Suite 700

    Miami Beach, Florida 33139

    Attention: Heather Bennett

    Email: hbennett@starwood.com and lnr.cmbs.notices@lnrproperty.com

     

	 	Notes A-2, A-5 and A-8	
    Prior to the securitization of Notes A-2, A-5 and A-8 in the BBCMS Mortgage
    Trust 2022-C16 transaction:

     

    Starwood Mortgage Funding II LLC

    2340 Collins Avenue, Suite 700

    Miami Beach, Florida 33139

    Attention: Leslie K. Fairbanks

    Email: lfairbanks@starwood.com and 

jbeard@starwood.com

     

    with a copy to:

     

    Starwood Property Trust, Inc.

    2340 Collins Avenue, Suite 700

    Miami Beach, Florida 33139

    Attention: Heather Bennett

    Email: hbennett@starwood.com and lnr.cmbs.notices@lnrproperty.com

     

    On and after the securitization of Notes A-2, A-5 and A-8 in the BBCMS
    Mortgage Trust 2022-C16 transaction:

     

    Wilmington Trust, National Association

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee - BBCMS 2022-C16

     

    with a copy to: 

    Email: CMBSTrustee@wilmingtontrust.com

     

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

    10851 Mastin Street, Suite 700

    Overland Park, Kansas 66210

    Attention: Executive Vice President – Division Head

    Fax Number: (888) 706-3565

    

     

 

 

    	 	NN-2	 

    

    

 

 

	 	 	with
                                            a copy to:

 

Stinson LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106 2150

Attention: Kenda K. Tomes 

Email: kenda.tomes@stinson.com

Fax Number: (816)-412-9338

	79
    Fifth Avenue	Notes A-1-2 and A-1-3

     

     
	Citi Real Estate Funding Inc.

    388 Greenwich Street, 6th Floor

    New York, New York 10013

    Attention: Richard Simpson

    Fax number: (646) 328-2943

    with an electronic copy emailed to:
    

richard.simpson@citi.com

     

    with copies to:

     

    Citi Real Estate Funding Inc.

    390 Greenwich Street, 5th Floor

    New York, New York 10013

    Attention: Raul Orozco

    Fax number: (347) 394-0898

    with an electronic copy emailed to:
    

raul.d.orozco@citi.com

     

    and

     

    Citi Real Estate Funding Inc.

    388 Greenwich Street, 17th Floor

    New York, New York 10013

    Attention: Ryan M. O’Connor

    Fax number: (646) 862-8988

    with an electronic copy emailed
    to: 

ryan.m.oconnor@citi.com

	 	Notes
    A-2-2 and A-2-3-1	Wells
                                            Fargo Bank, National Association

30 Hudson Yards, 15th Floor

New York, New York 10001

Attention: A.J. Sfarra

Email: anthony.sfarra@wellsfargo.com

with a copy to:

 

Troy Stoddard, Esq.

Senior Counsel

Wells Fargo Legal Department

401 South Tryon Street

MAC D1050-272

26th Floor

    	 	NN-3	 

    

    

 

	 		
    Charlotte, North Carolina 28202-1911

    Email: troy.stoddard@wellsfargo.com

	 	Notes A-3-1, A-3-2 and A-3-3	
    JPMorgan Chase Bank, National Association

    383 Madison Avenue, 31st Floor

    New York, New York 10179

    Attention: Kunal K. Singh

    Email:  US_CMBS_Notice@jpmorgan.com

    with a copy to:

    

    JPMorgan Chase Bank, National Association

    4 New York Plaza, 21st Floor

    New York, New York 10004-2413

    Attention: SPG Legal

    Email: US_CMBS_Notice@jpmorgan.com

    with a copy to:

    

    Cadwalader Wickersham & Taft LLP

    227 West Trade Street

    Charlotte, North Carolina 28202

    Attention: David Burkholder

    Email: David.Burkholder@cwt.com

	 	Notes A-2-1 and A-2-3-2	
    Wilmington Trust, National Association

    1100 North Market Street

    Wilmington, Delaware 19890

    Attention: CMBS Trustee BANK 2022-BNK42 

    with a copy to: 

    CMBSTrustee@wilmingtontrust.com

    Facsimile No.: (302) 636-4140

    Wells Fargo Bank, National Association

    Commercial Mortgage Servicing 

    MAC D1086-23A 

    550 South Tryon Street, 23rd Floor

    Charlotte, North Carolina 28202

    Attention: BANK 2022-BNK42 Asset Manager

    Facsimile number: (704) 715-0036

    Email: commercial.servicing@wellsfargo.com

    with a copy to:

    K&L Gates LLP 

    300 South Tryon Street 

    Suite 1000 

    Charlotte, North Carolina 28202 

    Attention: Stacy G. Ackermann 

    Reference: BANK 2022-BNK42

    	 	NN-4

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